Of Africa’s 29 stock exchanges, the Central African Stock Exchange (Bourse Régionale des Valeurs Mobilières d'Afrique Centrale, BVMAC) is one of only two regional bourses. Headquartered in Libreville, it serves the Central African Republic, Cameroon, Chad, Congo, Equatorial Guinea and Gabon.
In April 2012 Fitch Ratings revised Gabon’s outlook to positive from stable, affirming its long-term rating at BB- and its short-term one at B. While the positive outlook was welcome news, it should not have come as a surprise to the international investors who have been following Gabon’s sovereign note since it was issued in late 2007, even if...
The African continent is synonymous with mobile banking. Ever since MP esa, the world’s first mobile banking service, was launched in Kenya in 2007 by Safaricom, millions of people have used their mobile phone as a banking device. Similar initiatives have spread throughout the continent, bringing banking and payment services to some of the world’s...
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