South Sudan to ask China for $1.9 billion loan
South Sudan plans to ask China for a $1.9 billion loan a sum equal to more than a fifth of its national output to be used for infrastructure [...]
South Sudan Orders Government Institutions to Bank With The Central Bank
South Sudan ordered all government institutions, including state-owned oil and mining companies, to end their business with commercial lenders and open new accounts with the war-torn African nation’s central bank. [...]South Sudan Inflation more than doubles to 661%
South Sudan's inflation more than doubled in July to reach an annual rate of 661.3 percent, its statistics office said on Monday, as the economy of the 5-year old nation [...]Succession risks dot the sub-Saharan map
Sub-Saharan countries will confront a series of succession risks in the coming years. Constitutionally mandated term limits, old age and political unrest could all contribute to changes among sub-Saharan leadership [...]Exotix Partners urge investors to pick Kenyan Bonds Over Nigeria
According to Stuart Culverhouse,the chief economist and global head of research at Exotix Partners, Kenya would be better received by sovereign bond investors than Nigeria because of its lack of commodity exposure.While [...]Tanzania secures $7.6 Bln loan from Exim Bank China for railway
By Fumbuka Ng'wanakilala Reuters Tanzania has secured a $7.6 billion loan from China's Export-Import Bank (Exim) to build a railway line that will link it to its neighbours, President John [...]Barclays begins Egypt sale process, at least 2 interested sources
By David French and Tom Arnold DUBAI (Reuters) Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and [...]Sub-Saharan Africa Debt issuance down 10 percent YTD
(Reuters) Debt issuance in sub-Saharan Africa fell by 10 percent in the first half of 2016, data from Thomson Reuters showed on Monday, as sinking currencies and faltering economies [...]Frontier Markets Update
In the chart above, African equities have been the worst hit since the year began followed closely by Middle East. On Africa almost all markets are down year-to-date apart from [...]Nigerian naira now Africa’s worst performing currency of 2016
The Nigerian currency took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016. The naira began trading at around 283 to [...]Angola beats Nigeria as Africa’s largest oil producer-Delta Avengers to blame OPEC
Angola has maintained the lead as Africa’s top producer for four months running as militant activities continue to cripple Nigeria’s crude oil production.According to OPEC,this will continue until militant activities [...]Nigerian economy will grow faster than South Africa in 2016 -IMF
The International Monetary Fund (IMF) has reiterated its projection that the Nigerian economy will grow faster than South Africa’s economy in 2016. In the conclusion of its consultations in South Africa, the [...]
