Africa Economy

The Nairobi Securities Exchange (NSE) is set to demutualise in the coming months and sell equity in an initial public offering, an important step in Kenya’s plan to grow its financial sector. The move sets the stage for the next steps of its capital markets master plan, which will introduce new alternative instruments, including derivatives, futures, and real estate investment trusts (REITS) in years to come.

Divers projets de cession de 20 % d'actions dans huit entreprises publiques algériennes, notamment de grandes institutions financières et l'un des trois opérateurs de téléphonie mobile du pays, devraient se concrétiser dans le courant de l'année, et donner ainsi une nouvelle impulsion à la Bourse algérienne.

Over recent years, Ghana has been one of the world’s fastest-growing economies, on the back of the emergence of its oil industry and underpinned by its political stability and the strength of its other commodity sectors. While GDP growth is expected to slow this year, the Ghana Investment Promotion Centre (GIPC) is targeting a 20% increase in foreign direct investment (FDI), following a dip in 2013.

The recalculation of Nigeria’s GDP may encourage more foreign investment and further development, though the rebasing process has also underscored the need for more of this newly identified wealth to be invested in structural reforms to ease income inequality and boost social and economic inclusiveness.

Au cours des cinq dernières années, le Maroc a enregistré une hausse constante de ses déficits « jumeaux » (budgétaire et commercial), principalement en raison du ralentissement prolongé de l’activité économique en Europe, partenaire commercial de premier ordre et source majeure d’investissement direct à l’étranger pour le pays.

A new report from the IMF says growth in Nigeria will accelerate this year, but the economy still has a range of structural weaknesses, including rigid labour markets and insufficient power supply.