By Christine Lagarde Managing Director, International Monetary Fund Stanford University, February 25, 2014 As Prepared for Delivery Good afternoon. It is a great honor to come to Stanford University. Stanford, of course, is one of the world’s premier centers of higher learning, and it also has the good fortune of […]
Author: InvestAdvocate
Ecobank’s Biggest Shareholder Says It Has Reservations About CEO
South Africa’s Public Investment Corp., the biggest shareholder in Ecobank Transnational Inc. (ETI), said it has concerns about the pan-African lender’s chief executive officer, Thierry Tanoh. “We have reservations about Thierry Tanoh,” PIC Chief Investment Officer Daniel Matjila said in a phone interview. The PIC, which owns more than 18 […]
Naira Devaluation Seen on Central Bank Upheaval: Africa Credit
Nigeria’s currency is at risk of being devalued after President Goodluck Jonathan suspended the central bank governor last week, eroding confidence in monetary policy and sending the naira to a record low. The naira, which rose for the first time in six days yesterday, posted its biggest five-day drop in […]
