May 22, 2017/AfDB African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released Monday, May 22 at the African Development Bank Group’s 52nd Annual Meetings. In 2016, Africa’s economic growth slowed down to 2.2% from 3.4% in 2015 due […]
Updates
Nigeria-Based United Bank For Africa PLC Assigned ‘B and B’ Ratings; Outlook Stable
Culled—Proshare May 22, 2017/S&P Global Ratings United Bank for Africa’s (UBA) market position is supported by its good franchise in the corporate and retail segments in Nigeria and its geographic diversification. We expect that UBA’s earnings will be resilient despite the economic slowdown in Nigeria and the high economic risk […]
Presco Q4 2016 and Q1 2017 Results Review – Upgrading to Outperform
Culled—Proshare May 22, 2017/FBNQuest Research Earnings and price target revised upwards Presco reported better-than-expected Q4 2016 and Q1 2017 results, with double-digit sales growth in Q4 and triple-digit sales growth in Q1. The company is still benefitting from favourable government policy as well as its over 50% increase to prices […]
