News and developments on African capital markets: African securities, African stock exchanges, African equities, African bonds, African private equity/venture capital, and African social impact investment. Twitter @africancapital, LinkedIn African Securities Exchanges group.
Africa’s economic growth (measured by gross domestic product, GDP) is set to accelerate to 4.0% in 2019 and 4.1% in 2020. The good news comes in the African Economic Outlook 2019, published recently by the African Development Bank. Bank President Akinwumi Adesina says in the foreword: “The state of the continent is good. Africa’s general […]
Africa’s economic opportunity and fast growth to 2020 compared to other economic regions – shows where African securities exchanges could be heading
Charts circulated by Reuters show the rebased Nigerian economy as biggest in Africa, followed by sluggish South Africa, Egypt, Algeria, Angola and Morocco. They also show growth rates: oil-fuelled Ghana led the pack with historic growth of 10.2% a year over 2010-13.
The World Bank has cut its growth forecast for sub-Saharan Africa. Earlier in the year it forecast 5.2% growth overall for SSA economies in 2012, but yesterday (4 Oct) it cut this to 4.8%.
Sierra Leone could be the fastest-growing economy in the world in 2012, according to a story on Bloomberg’s Businessweek, which says Finance Minister Samura Kamara forecasts growth at 50%, because of new iron ore mines coming on stream, and 10% in 2013 and in 2014.