Josė Filomeno dos Santos, chairman of Angola’s sovereign wealth fund, outlines how it is reducing the country’s dependence on oil in favour of infrastructure, agriculture and timber. James King reports.
Latest articles from Africa
Only one-quarter of the top 20 African banks showed an increase in Tier 1 capital in the The Banker's rankings, as the continent suffered a combination of currency volatility, low commodity prices and political instability. James King reports.
Nigeria’s strategy for regenerating its flagging economy centres on partnering with the private sector to drive sectors such as manufacturing, textiles and agriculture.
The drop in oil prices and regional unrest have seen Arab banks struggle to maintain their stellar profit results of previous years, but overall their performances remain impressive by global standards.
Nigeria was once feted as Africa's leading economy. However, attacks on its oil infrastructure and a dollar liquidity crunch have pushed it into recession. But the government is determined to push through strategies that will revive this regional powerhouse, as James King reports.
Faced with an economic squeeze, Nigeria has devised a masterplan to energise its capital markets. But while major companies are gradually starting to list on the Nigerian Stock Exchange, low liquidity and inflation are acting as a brake on recovery. Chris Stein reports.
Dr Sarah Alade, deputy governor, economic policy directorate, at the Central Bank of Nigeria, talks to James King about the measures the central bank is taking to boost foreign exchange, how it is mitigating Nigeria's risk from exposure to oil and why the effect of a US rate hike would be muted.
Nigeria's central bank governor, Godwin Emefiele, tells James King that his economic policies, which some have blamed for a decline in manufacturing in the country, encourage foreign exchange flows and improve transparency, and thus investor confidence.
As falling oil prices and rebel activity continue to weaken Nigeria’s economy, the strength of its systemically important larger banks is playing a vital role in keeping the country from a deeper recession, reports James King.
Mobile money accounts are growing in numbers but a large proportion of them remain dormant. More must be done to integrate the e-wallet model with conventional payment systems.