RT Vermilion - шаблон joomla Скрипты

BY

The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched today. Indicating a positive outlook for the continent, three key trends are forecast to take hold during the next 12 months.

The first indicates an economic rebound in sub-Saharan Africa driven by a recovery in the region’s economic heavyweights, Nigeria and South Africa, and ongoing growth in the top performers, Ethiopia, Côte d’Ivoire and (more recently) Ghana.
  • Growth will be driven by a rise in oil production (notably in Ghana, Republic of Congo, Nigeria and Angola), strengthening infrastructure investment across West and East Africa, and improved weather conditions which bode well for crops.
  • Strengthening economic activity, plus a moderate improvement in oil and mineral prices, will help narrow the current account deficit, but pressure on sub-Saharan African currencies will remain.

The second emerging trend points to West Africa’s gas sector becoming a hive of activity in 2018 from Senegal to Angola, with the development of gas pipelines, floating liquefied natural gas (FLNG) platforms and major gas field projects.

  • Governments in the Gulf of Guinea and across West Africa have ramped up efforts to secure gas supply in order to boost domestic power generation and diversify their revenues away from crude oil.
  • Deregulating the gas market and allowing market-driven gas prices will be key to unlocking further gas infrastructure investment across the region.

The third trend suggests that fintech innovation in Africa will be picking up speed in 2018 buoyed by a new generation of Africans who are ‘digital natives’. The proliferation of tech hubs across Africa (notably in South Africa, Kenya, Rwanda, Nigeria, Ghana and Côte d’Ivoire) will nurture the next wave of African start-ups and help connect them with investors.

  • Digital innovation in sub-Saharan Africa is being driven by the explosion in mobile phone usage, enabling African consumers to leapfrog existing business models and technologies.
  • African fintech firms are increasingly driving this innovation by deploying digital tools to build credit profiles for the previously ‘unbankable’, providing electricity to rural households that were previously off the grid, and even using artificial intelligence to diagnose health problems remotely.

Source: How we made it in Africa

Recommended

Sep 21, 2018 6

More Fun Facts About Mali

The west African country of Mali has an ancient and fascinating history that informs who…
Sep 21, 2018 9

Here Are Some 8 Interesting Facts About Mali You May Not Know

The west African country of Mali has an ancient and fascinating history that informs who…
Sep 18, 2018 3

More Fun Facts About Guinea-Bissau

Travelers who yearn for something new would not be disappointed by what Guinea- Bissau…
Sep 13, 2018 6

More Fun Facts About Cote D`Ivoire

Take a glance on what Côte D’Ivoire could offer. This country is popularly known to be…
Sep 13, 2018 17

Here Are Some 8 Interesting Facts About Cote d’Ivoire You May Not Know

The Ivory Coast also known as Cote d’Ivoire – was a French Colony until 1960. After it…
Sep 11, 2018 9

Dana Mroueh, an artisan chocolatier celebrating the quality of cocoa in Côte d’Ivoire through her wonderful raw chocolate brand

Côte d’Ivoire is renowned for the quality of its cocoa beans, but up until now, the world…

Reports on African Countries