27
JAN
2016

NIGERIA NEWS UPDATE-27 JANUARY 2016

On 26 January, the naira traded at N305 against the dollar on the unofficial market. This represented almost a 50 percent difference between the unofficial and official market which traded at approximately N197 to the dollar. The unofficial figure has fallen sharply, from N251...
26
JAN
2016

KENYA NEWS UPDATE-26 JANUARY 2016

Kenyan politics is gearing up for the August 2017 elections. Although President Kenyatta (“Kenyatta”) is discouraging divisive politics, it is hard to imagine an election where the country’s ethnic divisions do not play a significant role. With Vice President William ...
22
JAN
2016

SOUTH AFRICA NEWS UPDATE – 22 JANUARY 2016

Speaking at the World Economic Forum at Davos on Thursday 21 January, South Africa’s Reserve Bank Governor Lesetja Kganyago (“Kganyago”) stated the central bank would “act with resolve” should cost push pressures affect inflationary dynamics in the South African economy. His...
13
JAN
2016

GHANA NEWS UPDATE – 13 JANUARY 2016

Parliamentary approval of a new Energy Sector Levy in December 2015 has increased prices for petrol, diesel and Liquefied Petroleum Gas by as much as 28 percent, outweighing the low international oil price. Transport unions are angered by the steep increases and are calling for...
12
JAN
2016

TANZANIA NEWS UPDATE – 12 JANUARY 2016

Earlier this month, President John Magufuli appointed the remaining four Ministers, completing his Cabinet which he first announced on 9 December 2015. These include the former Acting Tanzania Revenue Authority Commissioner General, Dr Philip Mpango, who becomes the Minister of...
05
JAN
2016

KENYA NEWS UPDATE – 5 JANUARY 2016

Politics related to next year’s general elections – now scheduled for 8 August 2017 – will be on investors’ minds this year. The governing Jubilee administration has already signalled its intentions to stay in power with the crafting of a new Jubilee Alliance outfit...