All posts by africablogger

Top Finance News Africa 2017

Below is the latest Africa Finance news aggregated from top  business and news portals  for 2017.

http://www.africanbusinesscentral.com/

Kenyan President Uhuru Kenyatta recently laid the foundation stone for what will be the tallest building in Africa in the Upper Hill neighborhood of Nairobi. Construction is underway at the development site, and slated for completion by December 2019.

The ambitious project will see twin glass-facade towers rise above the city, the larger standing at 300 meters tall, far surpassing the continent’s current leader — Johannesburg’s 223-meter Carlton Centre.

Work begins on the tallest skyscraper in Africa

Home

This year’s G20, led by Germany’s Chancellor Angela Merkel, should be commended for prioritising African development.

Africa is home to all ten countries with the highest fertility rates in the world and this population boom will further strain governments already struggling to meet the needs of their people.

An estimated 22.5 million jobs per year will need to be created to meet the demand of this African youth explosion, a demographic with the same energy, dynamism and ambitions as their peers in developed nations.

They can show their commitment to a true partnership with Africa by delivering game-changing EU anti-money laundering regulations that prevent the criminal and corrupt from hiding behind anonymity and stealing Africa’s future from its people. Because failure to do so could undermine all their other efforts to help Africa prosper.

Op-ed: Nigeria’s Acting President Yemi Osinbajo to G20: It’s time to move beyond pledges to back Africa’s future

 

 

https://www.bloomberg.com

South Africa’s ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders.

The move opens a second front challenging the central bank’s established status just two weeks after Public Protector Busisiwe Mkhwebane attempted to instigate a change in its mandate. She instructed Parliament to amend the constitution to make the Reserve Bank focus on the “socioeconomic well-being of the citizens” rather than inflation, prompting a drop in the rand as investors viewed her action as a threat to its independence.

 

https://www.bloomberg.com/news/articles/2017-07-05/south-africa-s-anc-said-to-propose-central-bank-be-state-owned-j4qwo8ka

 

The Rise of the “B” In the BRIC– Brazil Economy

Brazil as a country is known for having one of the best growing economies all over the world. Despite the reality of the world economic meltdown, the nation has continued to wax stronger economically. The Brazilian stock market has continued to impress many of the investors. A good number of local and foreign investors have actually built wealth by investing in the nation’s stock market.

economy and brazil stock market

Brazil Stock Market and Economy

Actually, Brazil ranks as the 5th largest country in the world when viewed through the lens of geographical area. It also ranks as the 6th largest economy in the world. The nation is also endowed with lots of natural resources. It has ever growing gas and oil reserves. It’s also the world’s largest producer of coffee, tropical fruit and sugarcane. The nation is also known for having several manufacturing companies in vital areas such as steel, computers, automobiles, petrochemical, aircrafts and durable consumer products. These account for over 31% of the nation’s GDP. The remaining 71% hinges on the insurance, banking, retailing, healthcare and other sectors.

Most of the major companies constitute the bulk of what is known as the Brazil stock market. A good number of them have their shares sold to the public. This accounts for the ever growing economy of the great nation. Brazilians and even foreign investors see the nation’s stock market as a viable ground for profitable investment. You can invest with any amount and still make lots of profits in the long run.

Jism 2 directly on your Facebook page

Indian movies in brazil

During the global economic crunch of 2008, the Brazilian stock market was also affected. Despite this, the nation’s economic remained solid during the period. It suffered minor setbacks and still bounced back after sometime. The Brazilian government came up with aggressive economic measures that made the nations economic stronger. The government raided the interest rates and also engaged economic experts who actually helped in sustaining the nation’s economy.

Meanwhile, the Brazilian stock market went down on the profit scale when the government tightened measures in 2010 to slow down the overheated economy. This actually affected most of the companies. However, when the government’s measures were relaxed in 2011, the stock market picked up. This made the nation’s economy to surpass that of the United Kingdom in 2011.

Over the years, several companies in Brazil have been doing well in the world stock market. Among the major companies include:

· Embraer, the Aircraft maker with a market value of $4.76 billion

· Petrobras, the oil giant with a market value of $173 billion

· CPFL Energia S.A, the power provider with a market value of $12 billion

· Companhia Siderurgica Nacional with a market value of $14 billion

There are many other companies with profitable shares. They have been driving the Brazilian economic to greater heights. Investing in any of the stocks is indeed a viable gateway to riches. You simply build wealth within some months or years!

Japanese investment in Africa

Japan  to increase investment in africa

According to various reputable forecasters, the African economy is expected to grow by more than five percent during 2012/13, while its total Gross Domestic Product (GDP) is expected to reach US$2.6 trillion by the year 2020.

Japan is keen to invest “billions of dollars” in minerals and infrastructure in Africa, trying to catch up to regional rivalChina for influence on the continent, a Japanese trade officials have commented.

japanese investmetn in africa

Japanese trading firms such as Mitsui & Co, Mitsubishi Corp and Itochu Corp have been in Africa for years.

Japan is currently among  the top 5 as South Africa’s trading partner, with two-way trade of nearly R90-billion recorded in 2011. The balance is also in South Africa’s favour, with exports to Japan in 2011 having been R55.6-billion as against imports of R34.3-billion.

Japan is already participating in a uranium project in Namibia and manganese and platinum projects in South Africa. (Editing by Jon Herskovitz and Keiron Henderson)

NSA spying scandal spurs BRIC countries to build own Undersea cable network

The BRICS countries are in the process of completing a brand new Internet CABLE backbone that would bypass the United States entirely and  to ensure the protection of the bric countries from the US  governments NSA spying.

Brazil  will be in center stage with this project and is set to finalize a 34,000-kilometre undersea fiber-optic cable by 2015 that will run from Vladivostok –> Russia to  -> Fortaleza –> Brazil, via Shantou –> China –> Chennai, India —> and Cape Town, South Africa (PIC BELOW)

Brics undersea cable network Spying

The BRICS cable was already in development months before the revelations of whistleblower Edward Snowden first became public in June.

After the news was leaked ,  with revelations that the National Security Agency hacked German Chancellor Angela Merkel’s phone, the fallout against the NSA has accelerated and spread with Many countries taking measures to  block the spying by US

Pic from manypossibilities.net

According to the INDIAN NEWSPAPER  Hindu, the project will create, “a network free of US eavesdropping,” which via legislative mandates will also force the likes of Google, Facebook and Yahoo to store all data generated by BRICS nations locally, shielding it from NSA snooping.

The 12,8Tbit/s system will be the first contiguous submarine cable linking all of the so-called Brics nations (Brazil, Russia, India, China and SA) The 34,000 km cable, which would be the first of its kind to link Brazil, Russia, India, China and South Africa, is expected to come online by the end of 2014, said Andrew Mthembu, chairman of technology group i3 Africa which is promoting the project.

RELATED NEWS

Alcatel-Lucent contractors lay the TEAMS fibre optic cable on the Fujairah shore-end in the UAE

Potential investors including Internet giant Google will decide before year-end whether to proceed with a $1.5 billion
undersea cable linking the BRICS group of emerging economies to each other and the U.S., a senior official in the project said on Monday. More →

Stock picking with Google trends and Google search

Google Trends, a tool that looks at patterns of searches and words that are trending on google search on the Internet ,could be a potential money-spinner for investors as it provides hints of impending stock movements, a  new study by researchers have revealed  on Thursday.

PR5_Business_Blogpost

Research done by a group led by Tobias Preis at Warwick Business School in central England analysed data from Google Trends from 2004 to 2011

Tobias Preis is a German complex systems scientist. He is Associate Professor of Behavioral Science and Finance at Warwick Business School which is a department of the University of Warwick.Wikipedia.

Advanced Stock trading strategies

They looked at the volume of searches for 98 terms some of them below

“metals,”

“stock,”

“finance,”

“forex,”

“house,”

“unemployment”

“health”

The results from this study from Google Trends search query volumes for certain terms could be used in the construction of profitable stock trading strategies or stock trading software systems

from :logos.wikia.com 

The researchers made a virtual portfolio of investment in the Dow Jones Industrial Average (DJIA),  and made a stock selection strategy based on search volumes that occurred  on the search engine and taking in the trend data. Their strategy included selling the following day  in the markets if  the terms tracked had a high search volume   and then repurchasing later. If the search volume on Sunday was low compared with the previous week, the researchers “bought” the following day.

Using the keyword “debt” from the trend data the term that saw the most fluctuation during the study period the strategy netted a whopping cyber-profit of 326 percent over seven years.

The paper suggests that search requests are a potential indicator of intent about investment decisions  and the study also suggests when many people are seeking information about a particular subject or keyword on a Sunday, this is a sign of worry and gives signal that they are likely to ditch stock when the market opens on the Monday.

This research data goes to prove that profitable stock trading systems could possibly be built  by using  free available data from search engines

Brics increasing trade with Africa

China boosts its trade ties with Africa by signing a  number of new deals with Tanzania as competition heats up for the continent’s mineral wealth and oil reserves. 2000 chinese companies are dealing  with African continent  and doing business in africa.’

2013 Brics Summit

heads of state bric 2013 summit

The 2013 BRICS summit will be the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of Bric nations

The city of Durban, located on the coast of the Indian Ocean, Republic of South Africa, hosts on 26-27 March Bric summit. BRICS is an acronym that refers to the founding members of the BRIC group comprising Brazil, Russia, India and China which now includes Africa

The BRICS nations hold a combined foreign-currency reserves of $4.4 trillion and  has 43 percent of the world’s population and is currently rapidly growing  in their economic power.

Heads of state BRICS 2013

BRICS’ – Brazil’s President Dilma Rousseff, Russia’s President Vladimir Putin, India’s Prime Minister Manmohan Singh, China’s President Hu Jintao and South Africa’s President Jacob Zuma.

India has increasingly grown its manufacturing base in china  and done telecom deals in the past  with African businesses. In recent news the biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.

Chinese President Xi Jinping will set out plans for mining and infrastructure development on a trip to Africa this week  and during his eight-day trip Xi, 59, stops in Tanzania, Congo Republic and South Africa,  he’ll sign business cooperation deals and attend a summit of BRICS nations

Economic data shows that the BRICS now account for 25 percent of global GDP and 40 percent of the world’s population.

The leaders in the 2013 summit , in South Africa will gather to discuss a proposal to challenge World Bank domination with a new “World development bank” . The grouping of Brazil, Russia, India, China and hosts South Africa are racing to elaborate on proposals for an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.

The proposal of this new bank will be competition to World Bank, the International Monetary Fund  which has its roots in the US

Zimbabwe polls In south africa

Zimbabwe’s new constitution was supported by the countries’ two main political parties who have been in a power-sharing government since 2009 and approved by an overwhelming majority in Saturday’s referendum as reported by electoral commission

Qatar Motor Show 2011 Pictures

It is said Zanu-PF’s 89-year-old leader, President Robert Mugabe, will be able to stand again in elections expected in July. Official results show 3,079,966 voted "Yes", 179,489 voted "No", with 56,627 recorded spoilt ballots.

 

In other news

Raila Odinga files Kenya election appeal – Kenyan Prime Minister Raila Odinga has filed a Supreme Court appeal against Uhuru Kenyatta’s narrow victory in the presidential election’s first round  .. read more

Chinese-built ghost town in Angola ( whos profiting)?

One group of workers are paid to pump oil, which is offshored to China. In exchange, a group of Chinese workers is paid to build a gate-guarded enclave for a non-existent pool of mega-rich locals that no one can afford to live in..read more

Brazil economy slowdown fears and currency swaps

President Dilma Rousseff is said  to cut federal taxes  according to a government official with knowledge of the decision, with cuts on basic foods in a bid to tame inflation, after a report showed today consumer prices rose more than analysts forecast for an eighth straight month.

golden bull of investing in gold

Brazil’s swap rates climbed to a six-month high as a report showed annual inflation accelerated in February, fueling speculation the central bank will lift borrowing. Latin America’s biggest economy expanded 0.9 percent in 2012, its slowest pace in three years, the national statistics agency reported March 1

Tax cuts failed to kick-start the economy last year,  in spite of  weaker currency and lower cost borrowings.  The Annual inflation grew to 6.31 percent and has exceeded the central bank’s 4.5 percent target for 30 months with economists forecast 2013 inflation at 5.7 percent.

BRAZIL GDP GROWTH RATE

The Gross Domestic Product (GDP) in Brazil expanded 0.60 percent in the fourth quarter of 2012 over the previous quarter. GDP Growth Rate in Brazil is reported by the IBGE.

Brazil currency “real” has rallied 5.5 percent against the dollar this year, with  the central bank has swung between selling currency swaps to prevent the real from falling too quickly and offering reverse currency swaps to protect exporters by preventive excessive gains.

OGX Petroleo & Gas Participacoes SA (OGXP3) to LLX Logistica SA (LLXL3) surged yesterday as investors put faith in Esteves, whose BTG is the most profitable Brazilian bank and likes his chances of bringing back these companies on track and profitability.

Brazilian billionaire Eike Batista signed an agreement this week with Grupo BTG Pactual’s Andre Esteves to co-run a strategic and financial management committee for his six publicly traded companies. Esteves, 44, is worth $4.9 billion, according to the Bloomberg Billionaires Index with his fortunes derived mostly from his 22 percent stake in BTG Pactual.