corruption

No. 40: Three Things in African Markets You Need to Know This Week – October 14

Oct 14, 2014

Africa, Business, Economics

Africa, anti-corruption, assets, corruption, equatorial guinea, fast moving consumer goods, fmcg, kleptocracy, nguema, obiang, oil, oil exploration, president, private equity, scotland, second vice president, senegal, South Africa, vice president

Oil Discovered Off Senegal’s Coast – link The wave of West African countries discovering oil continues with Cairn Energy, a Scottish Oil Company, striking oil about 100km off the coast of Senegal. The company is not yet sure about the size of the discovery – a first for Senegal. When Ghana discovered oil in 2010,…
No. 36: The Fight Continues for Governance and the Central Bank of Nigeria’s Independence

May 26, 2014

Africa, Economics

banking, banks, Boko Haram, Central Bank, corruption, currency, governance, inflation, Jonathan, Nigeria, NNPC, oil, Sanusi

Key Points 1. The saga around the suspended Central Bank of Nigeria governor continues; 2. The Central Bank governor is handily backing up his reputation; 3. President Jonathan could get a black eye from this fight; and 4. The independence of the Central Bank of Nigeria is in the balance. The Saga The February 20…