Economics, Policy & Regulation
NIGERIA: FORTHCOMING ELECTIONS PROMPT FEAR AMONG VOTERS
<strong>Nigeria | Milestones</strong><br />
Nigerians go to the polls next month with some trepidation...
Africa
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Capital Raising & Corporate Finance
SOUTH AMERICA’S TOTAL TAX RATE SURPASSES THAT OF AFRICA
<strong>Corporate Tax | Trends</strong><br />
By replacing cascading sales taxes with a value-added tax (VAT), Africa has succeeded in lowering its total tax rate to 46.6% from a peak of 72.2% in 2005.
Capital Raising & Corporate Finance
SOVEREIGN DEBT: AFRICAN BORROWERS ACTIVE AHEAD OF FED RATE MOVES
<strong>Sovereign Debt | Capital Markets</strong><br />
Governments in Africa issued a record amount of debt in international markets in 2014, taking advantage of strong investor demand and low borrowing costs ahead of the Federal Reserve’s expected rate increases this year.
Banking
Deepening Africa’s Financial Markets
<strong>Africa | Emerging Markets Regional Review</strong><br />
African economies are well on their way to transforming the region’s status from a frontier to an emerging market. The IMF predicts Africa will grow by 5.8% in 2015, up from 5.1% this year, with Chad, Côte d’Ivoire, Democratic Republic of the Congo and Mozambique projected to growth over 8%.
Economics, Policy & Regulation
TUNISIA: COMPROMISE IS KEY TO STABILITY
<strong>Tunisia | Newsmakers</strong><br />
Elections in Tunisia in October, which saw the secular Nidaa Tounes party (39.7%) narrowly beat the incumbent Islamic party, Ennahda (31.8% of the vote), were widely praised for being free and fair. Questions remain, however, about their democratic robustness.
Capital Raising & Corporate Finance
LEVANT: LONG-TERM PROSPECTS OUTWEIGH INSTABILITIES
Regional Focus | The Levant<br />
Offshore energy reserves, a stable banking sector and infrastructure gaps all present opportunities for foreign investment in the Levant region.
Capital Raising & Corporate Finance
AFRICA’S CONSUMER BOOM
AFRICA 2014 | INTRA-AFRICA TRADE<br />
The rise of the African consumer market is providing an opportunity for domestic companies to increase their footprint across the region.
Economics, Policy & Regulation
CEMENTING REGIONAL TIES
AFRICA 2014 | UNITY<br />
Africa’s dream of greater economic unity is gradually becoming a reality, with plans to establish a free-trade area spanning eastern and southern African countries well under way. Yet it could take time for the associated economic and trading benefits to play out.
Emerging & Frontier Markets
DESTINATION: AFRICA
AFRICA 2014 | TOURISM SECTOR<br />
Despite setbacks, Africa’s tourism industry is an increasing driver of economic development across the continent.
Economics, Policy & Regulation
ELUMELU RETURNS TO UBA TO CONSOLIDATE AFRICA GAINS
NEWSMAKERS | POLAND<br />
Tony Elumelu, former managing director and CEO of United Bank for Africa, returned to the bank in late August as chairman, following his appointment by the shareholders.
News
MADE IN AFRICA, FOR AFRICA
AFRICA 2014 | INTRODUCTION<br />
Though Africa has experienced impressive growth for well over a decade now, domestic markets and intraregional economic relations have remained constrained, with national economies driven primarily by mounting foreign demand for the continent’s natural resources and commodity exports.Today, however, things appear to be changing. For one thing, Africa is witnessing the emergence of a middle class.
Capital Raising & Corporate Finance
NAIROBI EXCHANGE LISTS OWN SHARES TO RAISE FUNDS FOR EXPANSION
CAPITAL MARKETS | AFRICAN EQUITY<br />
Initial public offerings on the Nairobi Securities Exchange have been few and far between in recent years.