Updates

Angola to Sell 30% Stake in Sonangol by 2027

Culled—Proshare March 13, 2020 By FDC Ltd The Angolan economy has been rather tepid, with declining oil output leading to lower government revenue and economic depression. Following these unfavourable events, the government has decided to privatize its key assets by 2022, in a bid to boost local manufacturing and production. […]

CBN Says Market Fundamentals Not Supporting Naira Devaluation

  March 13, 2020/CBN The Central bank of Nigeria (CBN) wishes to note with displeasure, the rumours and speculative activities of unscrupulous players in the foreign exchange market, borne out of the impression that the CBN is on the verge of devaluing the Naira, and triggering panic in the FX […]

South Africa Slips into Recession

Culled—Proshare March 13, 2020 By FDC Ltd GDP figures recently released for South Africa revealed that economic growth contracted by 1.4% in the fourth quarter of 2019. This is coming after the third quarter GDP 2019 result was revised to show a contraction of 0.8%. It is the second economic […]