Economy

Setting a new record for a maiden sovereign issuance in Africa, Kenya successfully tapped the Eurobond markets for the first time in June, selling $2bn worth at better-than-expected rates.

A l’occasion d’une visite du roi du Maroc Mohammed VI fin mai, le Maroc a conclu avec la Tunisie toute une série d’accords de coopération, relatifs aux secteurs public et privé, afin de renforcer les liens bilatéraux et encourager une plus grande intégration régionale.

Devolution in Kenya is still in its early stages, and there have been growing pains with complications relating to funding and concerns over governance, but a spate of new initiatives is looking to increase momentum at the county level on both industrial and social development indicators.

The recent move by the European Central Bank (ECB) to loosen monetary policy, which included cutting the deposit interest rate to a landmark -0.1%, looks set to provide a welcome boost to both Turkey’s money markets and its broader economy.

Los poco esperanzadores resultados que arrojó la economía mexicana durante el primer trimestre del año, condujeron a que a finales del mes de mayo el gobierno redujera su pronóstico de crecimiento del PIB para el 2014, al ir del 3.9% al 2.7%. Si bien el presidente Enrique Peña Nieto ha anunciado seis pasos que el gobierno dará con el fin de acelerar el crecimiento, es probable que la implementación exitosa de la ambiciosa agenda de reformas de su administración determine si México estará en condiciones de solucionar algunos de los puntos más vulnerables de su economía.

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.