Daily Monitor
Thursday February 11 2021
Summary
Uganda could have done better and this is something that the banking industry regulator does not shy away from.
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Uganda has retained the 10th position in the Absa Africa Financial Markets Index (AFMI) involving 23 African countries.
The Absa Africa Financial Markets Index, is a toolkit for African countries seeking to strengthen their financial markets.
Speaking during the launch of AFMI report earlier in the week, Bank of Uganda Deputy Governor, Dr Michael Atingi-Ego noted that Uganda’s overall ranking of 10th from 2017 to date could be regarded by pessimists as stagnation, but for an optimist like himself, “it speaks to stability and resilience.”
Daily Monitor
Tuesday January 12 2021
The Absa Index pinpoints areas that policymakers need to focus on to reform markets at a faster pace than has been done. PHOTO/courtesy
Summary
Africa’s strengthened financial markets bode well for the continent’s ability to withstand stress tests, as it can pull together to attract a fair share of both domestic and international capital.
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Africa needs critical mass to push it towards a state where growth, prosperity and security are the norms. The global health and economic crisis triggered by Covid-19 has brought into sharp focus the need for continuous investment into the economies that make up this incredible continent and provided many lessons that cannot be discounted for the future.
(Business in Cameroon) - The Development Bank of Central African States (BDEAC) recently managed to raise XAF106.8 billion (over XAF6 billion more than the XAF100 billion it requested) via bond issuance on the Central African Securities Exchange (BVMAC).
This operation (for which subscriptions were opened from December 21 to 29, 2020) is the first fund-raising operation organized on CEMAC s unified financial market since the adoption (in July 2019) of a new configuration for the regional financial market. The said market now has a single regulator (based in Libreville-Gabon), and single stock exchange (the BVMAC then based in Gabon and the Douala Stock Exchange of Cameroon were merged), headquartered in Douala.