3. 2015 was not a great year for some of Africa's major Markets
BOTSWANA DOMESTIC COMPANIES INDEX had the best performance with 11.62%
NIGERIA STOCK EXCHANGE ALL SHARE INDEX performed the worst with -20.83%
Based on YTD data as of December 24th for B&O tracked markets
4. AFRICA'S MAJOR COMMODITY EXPORTS HAVE ALSO NOT FARED WELL
CRUDE OIL, NATURAL GAS and COPPER are all down by more than 15% compared to the beginning of the year
COCOA futures have performed better than Energy and Copper Futures at 18%+
Supporting data sourced from investing.comBased on YTD data as on December 24th, 2015
5. GDP CONSTANT PRICES (% change) for major markets
Supporting data estimates sourced from International Monetary Fund
(estimates)
6. inflation (% change) based on end of period consumer prices
Supporting data estimates sourced from International Monetary Fund
(estimates)
8. former general buhari elected nigerian president
Image courtesy of Wikimedia
In April 2015, President Muhammadu Buhari
became the first Nigerian to defeat a sitting
president through the ballot box.
President Muhammadu Buhari was elected as
president of Nigeria after defeating the
incumbent President Goodluck Jonathan by 2.7
million votes.
President Muhammad Buhari was elected
largely on his campaign promise to clean up
corruption as well as to eradicate the Boko
Haram terrorist group.
9. After Buhari's election win, the Nigerian Stock Exchange experienced a sharp uptick but has since declined
to a worse rate than before the election
10. Magufuli elected as 5th president of tanzania
Image courtesy of Wikimedia
John Pombe Magufuli became the 5th president of
Tanzania after winning the general election under
the party slogan, Chama Cha Mapinduzi (CCM).
Magufuli has gained attention across the globe as a
result-driven, penny pinching and no-nonsense
candidate as evidenced by his visit to the Ministry of
Finance two days after his inauguration where he
took roll call.
In a move to cut cost across all facets of
government, Magufuli's cabinet announcement had
only 19 ministeral appointments compared to 30
ministers from the past government
12. BOKO HARAM
FULANI MILITANTS
10 African countries were ranked among the top 20 Global Terrorism Index list
6600+
1200+
AL SHABAAB
1000+
DEATHS
DEATHS
DEATHS
WORST GROUPS
Number of African deaths
caused between 2010 and 2014
3 - NIGERIA 8 - SOMALIA 9 - LIBYA 13 - EGYPT 14 - CENTRAL AFRICAN REP.
Data culled from Global Terrorism Index 2015 by the Institute for Economics & Peace
15 - SOUTH SUDAN 16 - SUDAN 18 - KENYA 19 - CONGO 20 - CAMEROON
14. egypt planning development of new administrative capital
The Egyptian government announced plans to
construct a new administrative capital, east of
Cairo. A project is estimated to cost Egypt $45
billion and is estimated to take five to seven
years to complete.
The new city is projected to consist of more
than 600 health care facilities and almost
2000 education institutions.
As a core aim to revive the economy of Egypt,
the new city has received massive aid and
investment in terms of pledges amounting to
about $12 billion from Saudi Arabia, Kuwait,
and the United Arab Emirates.
Image courtesy of Wikimedia
15. nigeria communication commission fines mtn $3.9 billion
Image courtesy of Wayan Vota via Flickr
The Nigerian Communications Commission fined
Africa's largest telecommunications provider $5.2
billion for failure to disconnect unregistered SIM
lines by the required deadline. The fine triggered
a crash in trading for MTN's stock and trading had
to be temporarily suspended.
The fine which has since been reduced to $3.9
billion is required to be completely paid off by the
last day of 2015.
Meanwhile, MTN has proceeded to challenge the
fine in a Nigerian court to avoid the crippling fine.
16. ghana power crisis
Ghana faced near economic meltdown
due to frequent power cuts which
affected a lot of businesses in Ghana.
Lamenting that Ghana was a victim of
its success, the government attributed
that a record of 12 per cent growth per
annum increased the demand for
power tremendously.
Cyclic power shortages in Ghana have
also been attributed towards changing
water levels at the Akosombo
hydroelectric dam, which is associated
to contribute about half of the power
supply in the country
Image courtesy of Clint Mason via Flickr
17. jacob zuma appoints two finance ministers within 5 days
Image Coutesy of Baynham Goredema via Flickr
South African president, Jacob Zuma, fired the
country's finance minister Nhlanhla Nene
without any warning on Dec 9th and replaced
him with David Van Rooyen, a lawmaker with
very little governmental finance experience.
This rash decision caused an uproar within
South African and International markets
causing the rand currency to fall to its lowest
level against the dollar since 2008.
This caused Zuma to re-think his decision and
appoint Pravin Gordhan, the current minister of
cooperative governance to the position.
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