Markets Opinions

Explaining China’s Economic Resilience

Zhang Jun SHANGHAI – Widespread lockdowns and border closures aimed at combating the COVID-19 pandemic have interrupted global supply chains and largely paralyzed the global economy. Yet, the real weakness of today’s global economy is not the vulnerability of its globalized production networks, but rather souring attitudes toward globalization – and toward China in particular. […]

Africa Markets

African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings

Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought JOHANNESBURG, South Africa, June 5, 2020/ — As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is […]

Africa Markets

African equity capital markets activity see increase in domestic investors

African equity capital markets activity see downward turn, but increase in domestic investors – Making Finance Work for Africa partnership and PricewaterhouseCoopers (PwC) Nigeria The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month ABIDJAN, Ivory Coast, June 3, […]

Industry Markets

Standard Chartered appoints new Head of Corporate Finance for Africa and the Middle East

Along with his new responsibilities as Head of Corporate Finance, AME, Abbas’ will also expand his role as Head of Project & Export Finance DUBAI, United Arab Emirates, June 2, 2020/ — Standard Chartered (www.SC.com) has announced that Abbas Husain has been appointed Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing […]

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session.
Markets

Dollar slips amid vaccine hopes as Japan reopens

Overall market lethargy left the Uganda shilling trading flat against the U.S. currency in yesterday’s trading session. Fickle dollar supply by corporate players was evenly matched by a dearth inactivity on the foreign currency demand counter that left the home unit stuck within the 3780-3800 trough versus the buck. The USDUGX currency pair looks settled, […]