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New rules may help consolidate Nigeria's banks

Location:

NIGERIA

The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…

South African Reserve Bank will reaffirm independence

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SOUTH AFRICA

Although the bank has acted on various fronts to support the economy, including a limited bond-buying programme, it continues to resist calls for full-blown quantitative easing…

Ethiopia's forex crunch will aggravate reform pressure

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ETHIOPIA

The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…

South African corporate governance faces more scrutiny

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SOUTH AFRICA

South African corporate governance

Central bank moves may check Nigeria's currency fall

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NIGERIA

These aim for tighter CBN control over the parallel market. The CBN is also seeking to stabilise the currency through bond issuances, cryptocurrency crackdowns and other schemes.

Nigeria central bank will struggle to defend the naira

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NIGERIA

This gives priority to selected local manufacturers who will now have easier access to forex at official rates. This forms part of a broader CBN programme aimed at supporting…

South African economy faces severe recession in 2020

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SOUTH AFRICA

The announcement will put further pressure on South Africa’s already stressed financial markets. The rand and bond prices fell sharply yesterday, raising questions about whether…

Long-term challenges cloud Ethiopia’s economic reforms

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ETHIOPIA

Outlook for Ethiopia's economic reforms.

Angola's renewed China dependence will bring more pain

Location:

ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

New optimism will buoy Uganda-Tanzania energy sectors

Location:

UGANDA/TANZANIA

With a budget of USD3.5bn, the 1,400-kilometre pipeline project linking the western city of Hoima in Uganda to Tanzania’s Tanga port should bring significant economic benefits to…