The plunging rand drove currency futures trading on South Africa’s exchange to a record this month amid bets for further depreciation. Trading rose to 40 billion rand ($3.9 billion) this month, the most ever, Warren Geers, the JSE Ltd. (JSE)’s general manager for bonds and financial derivatives, said in an e-mailed […]
Author: InvestAdvocate
IMF Projects 1.6% Growth for Japan in 2013 End
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Friday projected the growth of Japan to be 1.6 per cent (1.6%) in year 2013 end. This is coming on the heels of the annual Article IV discussions with the Japanese authorities. The IMF team said with Japan’s new policies […]
Tony Elumelu advocates for Africapitalism as the solution for Africa’s development
Press ReleaseMarrakesh, Morocco, 28 May 2013 – Charity and aid have failed Africa and its leading entrepreneurs are now driving the continent’s development agenda.This was the sentiment of Tony Elumelu’s speech, described by many as “powerful,†which was delivered at the African Development Bank’s (AfDB) Annual Board of Governors meeting […]
