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Quarterly West Africa Monitor-April 2014
May 10, 2014--Highlights
The West Africa region is undergoing an unprecedented political stabilization, yet instability in the Sahel region and Northeastern
Nigeria remain a source of vulnerability.
West Africa's regional growth accelerated to 6.4% percent in 2013, making it the second fastest growing region in the
continent.
Many countries are still heavily dependent on commodity exports, making them vulnerable to price swings and fluctuations in external demand.
Growth potential is limited by poor physical infrastructure, which raises costs, reduces efficiency and limits intra-regional trade.
Several of the region's largest economies, including Nigeria and Ghana, are facing mounting pressures on their currencies.
view the Quarterly West Africa Monitor-April 2014
Source: African Development Bank Group
Rand tracks euro weaker
May 9, 2014--The rand has weakened, tracking a declining euro with the European Central Bank continuing to try and put a lid
on the single currency's strength.
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Source: FIN24
Rand hits high after smooth poll
May 8, 2014--The rand rallied more than 1.2% against the dollar to its strongest in more than four months
amid relief at a smooth national election.
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Source: FIN24
JSE flat, Mr Price climbs
May 8, 2014--South African stocks have ended flat for a second straight session but shares Mr Price jumped after saying it expects
its full-year earnings to climb.
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Source: FIN24
JSE flat, Mediclinic jumps
May 6, 2014--South African stocks have ended flat ahead of the national election
but shares of Mediclinic International soared.
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Source: FIN24
Rand firms on election eve
May 6, 2014--The rand has firmed against a broadly weaker dollar as some risk appetite
returned to emerging markets.
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Source: FIN24
JSE retreats from record highs
May 5, 2014--South African stocks have pulled back from record highs
with African Bank topping the decliners' list after flagging a first-half loss.
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Source: FIN24
Rand softens on jobs data
May 5, 2014--The rand has retreated from a three-week high against the dollar,
losing momentum after data showed unemployment was increasing.
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Source: FIN24
Comparing the Real Size of African Economies
April 5, 2014--Launching the International Comparison Program for Africa Results
The African Development Bank is proud to announce the successful completion of the 2011 International Comparison Program for Africa. The AfDB will soon publish a full report with detailed Purchasing Power Parities (PPPs), volume indices and price level indices for the 50 regional member countries that took part in the program.
This press release is the first official release of data from the 2011 round of ICP Africa.
view the Comparing the Real Size of African Economies
Highlights of the Main Findings of the 2011 Round of the International Comparison Program in Africa
Source: African Development Bank Group
JSE hits life time highs
May 2, 2014--South African shares have surged to new highs
spurred on by the fastest growth in US job growth data in more than two years.
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Source: FIN24
