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The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.
A leading growth markets investor, Actis, has announced that it has reached final close on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500 million, comfortably exceeding its original $400 million target.
The Central Bank of West African States (BCEAO) left its key policy rates steady, saying inflation is projected to be in line with the target in the horizon of 24 months while economic activity is continuing at a "robust pace."
Barclays Plc recently received more than a 100 bids when it sought to sell a 12.2 per cent stake in Barclays Africa Group Limited (BAGL) that owns Barclays Kenya, David Hodnett, a deputy CEO at the unit said in an interview.
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