African equity capital markets activities have seen a downward trajectory over the past three years as major economies in the continent are faced with fiscal challenges due to growing debt levels and slow economic growth, according to data presented by the PricewaterhouseCoopers (PwC) Nigeria 2019 African Capital Market Watch
Finance
Capital importation to Nigeria up by 53.97 per cent in Q1 2020
Capital importation, comprising Foreign Direct Investment (FDI), portfolio investments and other investments into Nigeria increased to US$5.9bn in Q1 from US$3.8bn in the Q4 2019
Global IT spending on enterprise software reached all-time high in 2019
The global spending on enterprise software reached an all-time high of US$458bn in 2019, translating to a drop of about 6.98 per cent when compared to the projected figures for 2020
Banking sector urged to go digital to build sustainable growth post COVID-19
Bankers from sub-Saharan Africa and China who attended the Huawei sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current COVID-19 pandemic and enable sustained growth in the post COVID era
MainOne to deliver connectivity services into Burkina Faso
MainOne, West Africa’s connectivity and data centre solution provider, has been chosen by the State of Burkina Faso, backed by the World Bank, to provide bulk connectivity services to a consortium of operators through the PAV-Burkina Cooperative for the next three years