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NSE partners with market stakeholders, launches Mutual Funds trading platform
February 22, 2019--The Nigerian Stock Exchange ("the Exchange" or "NSE") in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of Nigeria (ASHON) and The Central Securities Clearing System (CSCS) Plc has launched the NSE Mutual Fund Trading and Distribution Platform on February 22, 2019 at the NSE in Lagos.
The Mutual Fund trading platform will bring together market participants to facilitate electronic transactions with seamless interaction between NSE, CSCS Plc, Fund Managers and Brokers Dealers. Investors will have the benefit of a single view of their mutual fund investment and ease a variety of transactions like subscription, redemption, cancellation etc.
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Source: The Nigerian Stock Exchange
JSE eases as global sentiment remains tentative
February 21, 2019--The ongoing trade talks between the USA and China continue to dominate global market sentiment, and this was more evident today with the release of Manufacturing PMI data from key markets such as Germany, the Eurozone and the USA.
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Source: FIN24
TECHNICAL ANALYSIS: JSE Gold Index-important breakout
February 21, 2019--The JSE Gold index has broken out of an almost two-year sideways range and has a significantly higher target in place now.
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Source: FIN24
Markets WRAP: Rand closes at R14.14/$
February 19, 2019--TreasuryONE said earlier that the rand was likely to remain under pressure as all eyes turn to Finance Minister Tito Mboweni's Budget address tomorrow.
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Source: FIN24
Markets WRAP: Rand closes at R14.13/$
February 18, 2019--TreasuryONE said earlier that the rand was likely to remain under pressure this week with the lead up to the Budget speech on Wednesday.
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Source: FIN24
JSE manages gains after a lukewarm trading session
February 15, 2019--European equities bared no brunt from the Asian trading session as all the major bourses advanced on the back of progress in the US-China trade talks
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Source: FIN24
Markets WRAP: Rand closes at R14.12/$
February 15, 2019--TreasuryONE said earlier that the rand weakened sharply against major currencies on Thursday on continued concern over Eskom and the potential further fallout.
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Source: FIN24
Markets LIVE: Rand breaks above R14/$ on back of load shedding, strong dollar
February 14, 2019--The local currency was trading at 14.0600 on Thursday morning, taking hits from Eskom, poor local retail sales data and a stronger dollar.
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Source: FIN24
Local bourse closes flat as rand weakens
February 14, 2019--The US dollar did retreat after the release of US retail sales data which came in worse than anticipated, but this did not result in significant strengthening for the rand and other emerging market currencies. The rand was trading 0.84% weaker at R14.18/$ at 17:00.
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Source: FIN24
IMF Departmental Papers -FinTech in Sub-Saharan African Countries: A Game Changer?
February 14, 2019--Summary:
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry.
While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
view the IMF Departmental Papers-FinTech in Sub-Saharan African Countries: A Game Changer?
Source: IMF
