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

Jan 16, 2018 31

How a self-taught hotelier proved the naysayers wrong

When Adri Kruger’s husband was diagnosed with cancer four years ago, she was forced to…
Jan 12, 2018 13

Well intervention and P&A market booms in Offshore West Africa

With oil reserves of 129.1 billion barrels, Africa holds 7.6% of the world’s proven…
Jan 07, 2018 58

The economic impact of travel and tourism in Botswana

As one of the world’s largest economic sectors, Travel & Tourism creates jobs, drives…
Jan 07, 2018 34

Basadi Ohimile - The startup story of an entrepreneur from Botswana with a passion for communication and creativity

What does your company do? The Concept King is a creative company specializing in…
Jan 07, 2018 69

Petronella Matumo - Botswana’s leading woman entrepreneur

She sits at the summit of the most successful local business in Botswana. Though she…
Jan 07, 2018 29

8 interesting facts about Botswana

1. Botswana gained independence on the 30 September 1966 making this year the 51st year…

Reports on African Countries