Europe is only interested in how efficiently it can keep people out, but not how to make their lives bearable in their countrie
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Africa : Commodity Bridgehead to Asia
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Europe is only interested in how efficiently it can keep people out, but not how to make their lives bearable in their countrie
"There is just no stopping the flood of humanity leaving sub-Saharan Africa for Europe’s shores. It may no longer pervade our television screens, but the reality is that there is a 30% increase this year in the number of migrants arriving from North Africa on Italy’s shores"
The first SME Indaba organised by AHI South Africa discussed why big and small businesses should work together. Melissa Javan Pay invoices on time, AHI South Africa president Bernard Swanepoel challenged owners of big corporates, the government and members of his organisation. “Think small [businesses] first. Consider the effects on small and medium enterprises (SMEs).” …
"The first SME Indaba organised by AHI South Africa discussed why big and small businesses should work together" #Investorseurope #Mauritius #Stockbrokers
The property company says many of its competitors have fled African markets, allowing the firm to negotiate better deals.
What renowned investor Mark Mobius learned from a recent visit to South Africa.
An outline of key issues facing South Africa's economy that investors are watching closely #Investorseuropemauritius #stockbrokers #onlinetrading
The tiny country of Djibouti wants to leverage its geographic location, at the entrance of the Red Sea, to become a logistics and light-manufacturing hub.
Djibouti to leverage its geographic location at the entrance of the Red Sea to become a logistics and light-manufacturing hub by establishing free-trade zones where goods can be landed among other ways, HowwemadeitinAfrica reports #Investorseuropemauritius #stockbrokers
Currencies on the continent have depreciated significantly against the US dollar since 2014 or, in the case of managed currencies, have been devalued. SPONSORED: Business opportunities in Africa Sahara Games: Everything you need to start an online gaming business Xpanda: Opportunity to become an official distributor of security products across Africa BASETrack Systems: Partnership opportunity …
According to Deloitte’s African trends going into 2017 – How business needs to plan for the changing continent report. The downturn suffered by many African economies following the drop in global commodity prices in 2014 has resulted in a repricing of their economies
We talk to the people behind the Emerging Africa Infrastructure Fund, which has committed over US$1.3bn in 20 African markets for mostly private sector projects. SPONSORED: Business opportunities in Africa Sahara Games: Everything you need to start an online gaming business Xpanda: Opportunity to become an official distributor of security products across Africa BASETrack Systems: …
"The Emerging Africa Infrastructure Fund (EAIF), a facility of the Private Infrastructure Development Group, was launched in 2002 to mobilise capital into private sector infrastructure projects across Africa. To date it has provided loans for 70 transactions and committed over US$1.3bn in 20 markets"
That’s what made the subprime debacle so dangerous. Millions of homes were underwater, so when borrowers didn’t pay, lenders didn’t have sufficient collateral to cover their loan exposure.
"Many student loans are in default. According to the Fed’s most recent Household Debt and Credit Report, the student loan default rate is 11.2%, almost the same as the peak mortgage default rate in 2010. This is particularly interesting because student loans essentially have no collateral. Lenders make loans to students… but it’s not like the students have to pony up their iPhones as security" #Investorseurope stockbrokers
Twice as many sub-Saharan Africans have mobile phone access than access to paved roads. Mobile connectivity is to Africa what infrastructure is to the West.
"Without credit, how do you show a provider it is worth building a phone line and connecting you to its service? How can you guarantee its investment in you and in your phone line is going to pay off?"
Not just theory anymore: With Gates Foundation funding, malarial mosquitoes are being bred in Africa to destroy their own species.
"In Burkina Faso, Mali, and Uganda, the groundwork is being laid for a powerful kind of experiment. A project now under way aims to release mosquitoes that have been genetically programmed to drive themselves and their malaria-causing brethren toward extinction"
Over the last couple of months, there has been a noticeable disconnect between what conventional wisdom says should be the relationship between.
"Over the last couple of months, there has been a noticeable disconnect between what conventional wisdom says should be the relationship between stocks and bonds and what is actually occurring in those markets"
The African crowdfunding market amounts to about $70 million, less than 1% of the global market. Crowdfunding in Africa: opportunities and challenges.
“Crowdfunding—or the use of online platforms to raise money for business ventures from a large base of investors—has been steadily gaining traction in Africa over the past decade. A 2013 World Bank report estimated that by 2025, crowdfunding will be a $96 billion industry growing at a rate of 300 percent per year”
President Donald Trump wants to reverse much of the law adopted to prevent another financial crisis.
"President Donald Trump wants to dismantle much of the Dodd-Frank Act of 2010, which was designed to prevent another financial crisis. The law barred banks from many profitable but risky businesses, forced them to add loss-absorbing capital, and required them to make detailed plans for how to shut down in a crisis. Critics say it made banks wary of lending by overburdening them with rules, hampering the economic recovery. Bloomberg View columnists Tyler Cowen and Noah Smith met online to debate Trump’s proposal"
But the larger point is that there are always a multitude of safe, lucrative opportunities out there.
If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket. You’re making a high-stakes bet that everything is going to be ok in that one country — forever. All it would take is for the economy to tank, a natural disaster to hit, or the political system to go into turmoil and you could lose everything—your money, your assets, and possibly even your freedom. #Investorseurope stockbrokers is your number one provide of online trading platforms for access to global stock markets
Chance to shine at World Economic Forum 2017 for South Africa's Gordhan, Ramaphosa. President Zuma won't be there. It's not exactly his happy place.
"At the World Economic Forum, where finance ministers attract as much attention as presidents, South African Finance Minister Pravin Gordhan’s presence this week in Davos is expected to be a show of strength, leadership and survival. It will also be a rare opportunity for South African Deputy President Cyril Ramaphosa to shine on the world stage since President Jacob Zuma will not be attending"
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.
WTI and Brent sank more than 2.5 percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the U.S. rig count, the tenth consecutive week that the oil industry added rigs back into the field. Aside from a single week in October, the U.S. oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel.
At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while U.S. drilling is expected to add new supply. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.
On the positive side of the ledger, there are early signs that OPEC members are meeting their commitments. Saudi Arabia said last week that it is lowering its production in January by 486,000 barrels per day, a volume that it promised to cut as part of the November deal. That will take output down to 10.058 million barrels per day, a level that Riyadh was only required to meet as an average over the January to June time period. Cutting to that level ahead of time is a sign of good faith from Saudi Arabia, and increases the chances that OPEC will stay true to its promises.
On top of that, Kuwait’s envoy to OPEC said that Qatar, Kuwait and Oman were also complying with the cuts. In an interview with Bloomberg, Kuwait’s Nawal Al-Fezaia said that those countries already told customers that cuts were imminent. "It’s a good time to do maintenance on oil fields during production cuts," Al-Fezaia said, noting that Kuwait will lower output from 2.89 mb/d in December to 2.7 mb/d by the end of January.
Market analysts paused a bit on news that Iraq’s oil exports from its southern ports on the Persian Gulf hit a record high in December, but the data has no bearing on whether or not Iraq will comply with the agreed upon cuts. "Achieving this record average will not affect Iraq’s decision to cut output from the beginning of 2017," Oil Minister Jabbar Al-Luaibi told Bloomberg in an emailed statement. "Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets."
It is still early but all signs point to a stronger commitment from OPEC to adhere to the specifics of the cuts than market analysts might have given them credit for. That bodes well for a narrowing supply surplus – and ultimately a deficit – as well as falling inventories. In other words, OPEC is succeeding in putting upward pressure on prices.
However, the flip side of the equation is faster drilling from the U.S., where rig counts continue to climb. Oil output, according to EIA weekly surveys, is up roughly 300,000 bpd from summer lows, with more supply expected to come online in the months ahead as drilling picks up pace.
It is unclear, at this point, how rising U.S. supply and falling OPEC output will ultimately balance out. For now, the consensus seems to be tightening conditions in the first half of 2017, with much greater uncertainty in the second half, but that remains to be seen.
What is clear is that oil speculators have built up such a large bullish bet on oil that they have opened up crude to near-term downside risk. According to Reuters, hedge funds and other money managers amassed net-long positions in WTI and Brent equivalent to 796 million barrels in the last week of December, which was nearly double the amount from mid-November. The OPEC deal clearly fueled a huge speculative rush in rising oil prices, which, not coincidentally, corresponded with real gains in crude prices.
But at this point, there are very few short positions left in oil, while a massive volume of long bets have built up. That suggests two things, both of which are bearish for oil: there is not a lot of money left to go long, lowering the chances of further prices gains; and the potential for a correction in prices is very high at this point. Indeed, in the most recent week for which data is available, net-long positions declined a bit, raising the possibility that bullish bets have peaked. All it will take is a bit of bearish news to spark a downturn in prices.
There are a few minor worrying signs for oil prices that could crop up as additional bearish forces in the next few weeks. The U.S. DOE announced on January 9 a "notice of sale" from its strategic petroleum reserve, with plans to sell 8 million barrels for delivery over the course of February, March and April. Meanwhile, Libya is seeing rapid gains in oil exports after the reopening of a key export terminal, with output jumping to 700,000 bpd, according to the latest data, up sharply from the 580,000 it produced in November and the 300,000 bpd it exported before it started restoring output last summer. Moreover, Nigeria – which, like Libya, is exempt from the OPEC deal – is intent on restoring production. It may struggle to do that with the recent shuttering of the Trans Niger Pipeline, potential strikes from oil workers unions and the announcement from the Niger Delta Avengers that attacks will resume this year. In fact, production appears to have declined in December, falling 200,000 bpd to 1.45 mb/d, becau se of some of these issues. But if those problems can be overcome, Nigeria has latent production capacity that could come back online at some point.
And in a sign that there is not a lot of room on the upside, a kerfuffle in the Persian Gulf over the weekend did nothing to affect oil prices. A U.S. Navy destroyer fired three warning shots towards Iranian ships, an incident that in the past would have led to a sharp, even if brief, rally in crude prices. Instead, the markets shrugged off the incident – WTI and Brent sank on the first trading day after the event, on unrelated news. "The market is overbought and under a lot of downward pressure," Bob Yawger, director of the futures division at Mizuho Securities USA Inc., told Bloomberg. "The shots fired at the Iranian boats in the Strait of Hormuz didn’t do anything to the market. A few years ago that would have added a couple dollars to the price."
Link to original article: http://oilprice.com/Energy/Energy-General/Oil-Prices-Running-Out-Of-Reasons-To-Rally.html
By Nick Cunningham of Oilprice.com
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam
Poor growth and political in-fighting in South Africa is holding business back.
"The big economies of Africa are struggling. Nigeria is wallowing in a recession and even with a rise in the oil price there is little hope things will improve in the near future. South Africa is beset with slow growth and political tensions that are serving to hold back progress"
A flock of doves at Bristol Zoo have taken on the challenge of becoming foster parents – and raised a group of endangered Mauiritius pink pigeons. Different pairs of Barbary doves took o
A flock of doves at Bristol Zoo have taken on the challenge of becoming foster parents – and raised a group of endangered Mauritius pink pigeons
While 86 countries - including, you'll be relieved to hear, the UK - fall into the first category, a remarkable 50 - including Russia, China, Thailand, Vietnam, Egypt, Belarus and Cuba - are in the latter.
North Korea is up there, but is it the least free country in the world? Here are the 20 most tightly controlled countries on the planet, according to Freedom House.
The four hours I spent waiting for my next flight provided some comfort in the wake of Trump, Brexit and growing nationalism.
"Economic growth in many African countries has slowed down dramatically, prompting some analysts to question the ‘Africa rising’ story. But whatever your opinion, one thing is true: Africans are on the move within their own continent"
It’s been a tough year for Nigeria. The country has slipped into its worst recession in a generation. And as a further sign of diminishing confidence in one of Africa’s most important economic powerhouses, last week saw a ratings downgrade for several of the country’s banks based on falling confidence