Africa

Ghana’s Unguaranteed Attitude Adjustment

Ghanaian shares and the currency were down over 20 percent as a $1 billion sovereign bond return was prepared with ...

South Africa’s Unreserved Rescue Criticism

South Africa’s Reserve Bank refused to step in as the rand tumbled to 14/dollar and the MSCI stock market gauge ...

Power Africa’s Potent Circuit Breakers

President Obama received his Nigerian counterpart Buhari in Washington and will visit Kenya, another initial country target for the 2-year ...

Ghana’s Overflowing Spending Spigots

Ghanaian bonds and stocks reeled from massive flooding which resulted in deaths from a facility explosion in Accra along with ...

Nigeria’s Strongman Subsidy Contest

Nigeria’s MSCI stock market index pared its loss to 5 percent and Eurobond yields dipped almost 300 basis points to ...

African Sovereign Bonds’ Devious Development

As Sub-Saharan sovereign issuers again line up after commodity and Ebola scares for initial and repeat market taps, the UK’s ...

South Africa’s Shirked Load Shedding

South African shares tried to stay positive as state power company Eskom’s rolling blackouts were due to shave already meager ...

Nigeria’s Internecine Index Debate

Nigerian shares were off 40 percent at Africa’s MSCI frontier bottom as the central bank rates and intervention were unchanged ...

South Africa’s Ducked Live Wires

South African stocks kept positive despite the reintroduction of rolling power blackouts from Eskom’s strained grid as ratings agencies postponed ...

Nigeria’s Stretched Band Recoil

Nigerian stocks were down 30 percent on the MSCI Frontier Index after the central bank raised the benchmark interest rate ...

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