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Nigerian and African economies...after the rebasing
August 28, 2014--Charts circulated by Reuters today (28 Aug) show the rebased Nigerian economy as much bigger than sluggish South Africa, and followed by Egypt, Algeria, Angola and Morocco.
They also show Africa's fastest-growing large economies over 2010-13, with oil-fuelled Ghana leading the pack with historic growth of 10.2% a year, followed by non-commodity driven Ethiopia (9.0%), Zambia (6.7%) and the rebased Nigeria at 6.4% a year.
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Source: African Capital Markets News
AFDB-West Africa Monitor Quarterly, Issue 3
August 25, 2014--In its first section, the publication provides a regional overview of the main trends in the region, with the resurgence of violence in some countries, and the economic challenges faced by others.
The African Development Bank released on August 21 its latest edition of the West Africa Monitor Quarterly. The report follows key socio-economic developments in the region and provides brief analysis on latest events across the countries.
"West Africa's growth remains strong in the first half of the year and the region is arguably one of the fastest growth engines for Africa", says Emanuele Santi, AfDB regional economist for West Africa and coordinator of the report.
view the AFDB-West Africa Monitor Quarterly, Issue 3
Source: African Development Bank Group
RAK Bank gets nod for buying into RAK Insurance
August 19, 2014--The Abu Dhabi stock market index ADXGI closed insignificantly higher at 5,053.40 points on Tuesday, August 19.
National Bank of Ras Al-Khaima, better known as RAK Bank, edged up by 1.56 per cent to close at AED9.75.
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Source: FIN24
Rand reverses gains against the dollar
August 15, 2014--The rand has softened against the dollar,
losing ground after a five-day rally put it in shooting distance of the 10.5 mark.
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Source: FIN24
JSE down, Naspers retreats from record high
August 14, 2014--South African stocks have fallen for a third straight session after a slew of financial
results knocked prices of companies such as Standard Bank and Harmony Gold.
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Source: FIN24
Asian shares mixed after soft data
August 14, 2014--Asian markets have been mixed despite positive cues from Wall Street,
traders digested a slew of soft data including a weak report on retail sales.
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Source: FIN24
JSE stumbles, dragged by resources
August 13, 2014--South African stocks have fallen for a second straight session as global metal prices
hit new lows on downbeat data from China.
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Source: FIN24
Rand reaps rewards of weaker US, China data
August 13, 2014--The rand has climbed to its strongest levels in two weeks,
taking advantage of soft economic data out of the world's two biggest economies.
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Source: FIN24
JSE falters as data hits European markets
August 12, 2014--Stocks on the Johannesburg Stock Exchange have faltered, in line with their peers up north after economic
sentiment in Europe's biggest economy hit its lowest level in years.
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Source: FIN24
Rand eases slightly against dollar
August 12, 2014--The rand has eased slightly against the dollar,
with investors looking ahead to domestic economic indicators.
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Source: FIN24
