The ultimate networking event is set to kick off in a week with a record-setting 2,633 participants. The World Economic Forum (WEF) today released its list of invitees the organisation hopes to welcome in Davos, the posh Swiss ski resort where the event unfolds annually since 1971.
A performance review of global stock indices revealed cautious trading and moderate growth in investors apathy towards investment in equities as most stock market indices are significantly trading below their year-highs across the globe, with no exception to African markets. This further suggests low return from stock markets globally so far this year as average return from major advanced markets stands at 9.37% while in Africa, average return stands at 5.64%
The Chinese economy, being largely government controlled and undeveloped, was nothing to reckon with prior to 1978. However, with some dosage of capitalist reforms in a slow and steady fashion, the economy has recorded average annual growth of c.10% over the last 30 years.
The SDGs, which are being formulated by the United Nations together with the widest possible range of stakeholders, are intended to galvanise action worldwide through concrete targets to 2030 for poverty reduction, food security, human health and education, climate change mitigation, and a range of other objectives across the economic, social, and environmental pillars.
This report, from one of the most respected data-backed research analyst dedicated to African markets, is an update as of July 2014 and covers the Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation.
The European Union is an interesting project that – once logic is duly applied – must end up with the foundation of a United States of Europe (USE). Strangely enough, very few of the union’s citizens actually want to live in such a sovereign construct. Opinion polls time and again attest to the plain fact that most inhabitants of European nation states cling to their national identities and see their neighbours as, well, utterly foreign, strange and even incomprehensible.
The Federal Reserve said it would scale back its purchases of mortgage and Treasury bonds to $25 billion monthly and delivered a modestly more upbeat assessment of inflation, jobs and the economy, hours after a stronger-than-expected U.S. growth report.
Saudi Arabia, the oil-producing kingdom whose stock market has been off-limits to outsiders, will allow foreign investors to buy and sell shares next year as it seeks to lure capital to the $745 billion economy.