Renaissance Capital (RenCap) News

Bob Diamond, Chairman, Atlas Mara

Bob Diamond is back on the offensive

It was classic Bob Diamond. Never one to pass up a deal, he emerged as a possible buyer of Barclays Africa when Barclays announced its exit from the continent last year.

Live music in Accra, Ghana

Why is Ghana 25 times more successful than Nigeria at attracting tourism revenues?

Tourism should be an easy win for emerging market (EM) and frontier market (FM) economies with weakened currencies, and cheap jet fuel; an opportunity that we think is being missed.

Charles Robertson, Global Economist, Renaissance Capital

The outlook for frontier markets in Africa (Video): Charles Robertson, Global Economist, Rennaisance Capital

RenCap’s Global Economist Charles Robertson discusses frontier markets and the economic outlook for various nations in Africa.

Lagos, Nigeria

There is much to like in Nigeria, says RenCap's Chief Economist Charles Robertson

We have always maintained that Nigeria’s future does not lie with oil, and are encouraged by the high quality government team that is pushing hard for diversification.

Lagos, Nigeria

Economists share their 2016 outlook for Nigeria, Kenya and South Africa

These are the global economic realities that will continue to shape African markets in 2016. Strong US dollar. Low oil and commodity prices. Slowing Chinese growth.

Albert Essien, CEO, Ecobank

Nigeria should switch to managed currency float, says Ecobank CEO Albert Essien

Nigeria, whose currency lost almost 8 percent against the dollar this year, would benefit from letting market forces have more say over its exchange rate, according to Albert Essien, chief executive officer of Ecobank Transnational Inc.

The falling oil price has put pressure on the Nigerian currency, the naira.

Nigeria tightens controls on foreign exchange

The Nigerian central bank has imposed new foreign exchange controls to try to stem the flow of dollars out of the country.

Albert Essien, CEO, Ecobank Group

Ecobank's comeback on course

Ecobank Transnational (ETI) had a strong first quarter, despite last year’s corporate governance issues that gained much media attention and culminated in the dismissal of key board members.

Muhammadu Buhari, Nigeria's President-Elect

Nigeria: Can Ex-General Buhari Boost Economy & Crush Boko Haram?

Muhammadu Buhari will bring change as the new president of Nigeria, but investors shouldn’t expect a fast economic turnaround.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Nigeria's Eko Atlantic City takes shape

The new multi-billion dollar Eko Atlantic City with residential and commercial tower blocks off the coast of Lagos in Victoria Island, is taking shape as developers forge ahead with infrastructure development.

Business men in a cigar club in Lagos, Nigeria

Africa's First City: Lagos, Nigeria

When he was 15 years old, David Adeoti worked in an Internet café in blue-collar Satellite Town, where it was almost possible to see the gleaming towers of Lagos Island less than ten miles to the east.

JP Morgan Chase & Co

JPMorgan Says Kenya May Be Part of Future Africa Expansion

JPMorgan Chase & Co. (JPM:US), which has more than 150 staff in South Africa, said it’s interested in establishing an office in Kenya “in time” as part of plans to expand on the continent.

Africa

The IMF Says The World's In A Mess - But Not Africa

The IMF’s latest World Economic Outlook makes sobering reading for most of the world.

Alex Kyriakidis, President, Middle East and Africa, Marriott International

Marriott Sees 'Super Growth' in Africa's Three Biggest Economies: Alex Kyriakidis, President, Middle East and Africa, Marriott International

Marriott International Inc. (MAR) may build 40 to 50 hotels in Nigeria, South Africa and Egypt each by 2020 to benefit from a surge of travelers, said Alex Kyriakidis, the chain’s president for the Middle East and Africa.

The African Consumer

11 of the 20 fastest-growing economies in the world are in Africa: World Bank

Where will you find the fastest-growing economies in the world this year?

Central Bank of Nigeria (CBN), Abuja

Nigeria's Too Big to Fail Bank Rules Spur Bond Sale Rush

Nigerian lenders are gearing up to sell the most debt in four years to bolster cash reserves, taking advantage of a drop in borrowing costs before the central bank increases how much capital they need to hold.

Where in Africa would you invest $1 million

Expert opinion: Where in Africa would you invest $1 million?

On Wednesday, some of Africa’s most influential investors gathered in Sandton to discuss the continent’s economic future – and, of course, how to profit from it.

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

IN 2001 MTN, a fledgling telecoms company from South Africa, paid $285m for one of four mobile licences sold at auction by the government of Nigeria.

Renaissance Capital

Another departure from RenCap: Head of African Research Nothando Ndebele leaves following departure of West Africa CEO Yvonne Ike

Nothando Ndebele, head of African research for Renaissance Capital, has quit three weeks after Yvonne Ike, chief executive officer for the brokerage’s West African operations, left to join Bank of America Corp.

Renaissance Capital

Yvonne Ike, RenCap's West Africa CEO, quits for Bank of America

Yvonne Ike, chief executive officer of Renaissance Capital’s West African operations, has quit to join Bank of America (BAC:US) Corp. after almost three years with the brokerage owned by Russian billionaire Mikhail Prokhorov.

Lafarge

Lafarge Nigeria gets approval to merge South African and Nigerian units

Shareholders in Lafarge Wapco , the Nigerian unit of French cement maker Lafarge , on Wednesday approved a $1.35 billion deal combining its Nigerian businesses with Lafarge’s wholly-owned South African subsidiary.

Wale Tinubu, CEO, Oando

Oando Shares Surge on the Nigerian Stock Exchange following approval of $1.65B Acquisition of ConocoPhillips Nigeria

Shares in Oando Plc rose the maximum 10 percent allowed on Nigeria’s stock exchange on Friday after the oil firm said it had won government approval to complete a $1.65 billion acquisition of ConocoPhillips’ Nigerian assets.

Charles Robertson, CFA, Global Chief Economist, Renaissance Capital

Spotlight on Africa with Charles Robertson, CFA, Global Chief Economist, Renaissance Capital (Presentation)

Spolight on Africa with Charles Robertson, CFA, Global Chief Economist, Renaissance Capital. European Investment Conference, CFA Institute, “Beyond Austerity: Opportunities for European Investors in the Global Market”, 14–15 November 2013, London, United Kingdom

Charles Robertson, Global Chief Economist, Renaissance Capital

Fear of Investing in Africa Is Losing You Money - CFA Institute (Video)

Africa has its challenges, from corruption to political risk, yet the continent has changed and will continue to evolve.