10/12/2014

Chinese Yuan penetrates African markets

China is Zimbabwe’s third largest trading partner after South Africa and the European Union, and until recently was the biggest buyer of its tobacco. In 2013, trade between China and Zimbabwe amounted to $1.1 billion.

10/06/2014

New Item Nigerian bourse launches direct market access

The Nigerian Stock Exchange (NSE) says it is supporting Direct Market Access (DMA) as an interim step to the implementation of the phase 1 Sponsored Access for the West African Capital Market Integration (WACMI) programme.

10/03/2014

Tradition launches African FX futures

Interdealer broker Tradition has launched a new suite of African FX futures in partnership with the Johannesburg Stock Exchange and South African bank Absa Capital.

09/30/2014

Small fund houses see huge erosion in FMP assets

Small asset management companies have witnessed significant erosion in their assets under fixed maturity plans, or FMPs following the adverse tax changes to debt mutual funds announced in the Union Budget in July.