Frontier markets news
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Frontier markets news
Key news affecting frontier markets investors, as well as intelligence and insight on developments and trends in the world’s most exciting investment environment.
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Ethiopia’s colossal human airlift from Saudi Arabia

Ethiopia’s colossal human airlift from Saudi Arabia | Frontier markets news | Scoop.it

Ethiopia struggles to deal with up to 150,000 citizens returning from Saudi Arabia.

Frontier Markets's insight:

Startling contrast with story revealing sheer number of Saudis among the Gulf's richest people.

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Japan and Myanmar sign investment pact

Japan and Myanmar sign investment pact | Frontier markets news | Scoop.it
Japan and Myanmar on Sunday signed an investment treaty to nurture closer business ties as the once secluded Southeast Asian country opens its fast-growing economy to more foreign commerce.
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Vietnam index closes at 3-month high on buying

Vietnam's benchmark VN Index gained 1.03% to close at 506.48 points on Monday, its highest since Aug. 19, on strong buying and ahead of a possible increase in foreign ownership.

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How I became Sri Lanka’s most hated man

Journalists' efforts to assess the real situation in northeast Sri Lanka face disruption by mobs of government supporters.

Frontier Markets's insight:

Interesting analysis that provides a disturbing counterpoint to the dominant narative coming out of Colombo.

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Kenya and Kuwait sign new trade pact

Kenya and Kuwait sign new trade pact | Frontier markets news | Scoop.it

Trade volumes between Kenya and Kuwait are set to increase following the signing of two agreements on avoidance of double taxation and protecting foreign investments.

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Global firms battle for Sh24bn Nairobi rail tender

Global firms battle for Sh24bn Nairobi rail tender | Frontier markets news | Scoop.it
Hyundai, Samsung among 17 contractors who have applied for commuter line upgrade contract
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Food insecurity threatens 1.2 million in Uganda’s northeast

Food insecurity threatens 1.2 million in Uganda’s northeast | Frontier markets news | Scoop.it
A deteriorating food security situation in Uganda’s northeastern region of Karamoja could affect an estimated 1.2 million people, according to reports from the government and aid agencies.
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Frontier assets prove robust in turmoil

Frontier-dedicated equity funds have continued to see inflows even as investors have fled EM funds since the Fed revealed its plans.

Frontier Markets's insight:

Frontier market investments demonstrate a clear lack of correlation with EM assets. But the questions remains: did asset managers have more faith in FMs than EMs or were they simply unable to pull their investments out quickly enough?

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Ghana lays down conditions for foreign investment

Lawmakers in Ghana are considering a bill that sets the minimum capital requirement for non-Ghanaian investors at $250,000 and boosts local participation on foreign-owned businesses.

Frontier Markets's insight:

Ghana appears to be taking a measured approach to ensuring the local population benefits sufficiently from the expansion in the country's economy.

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Vietnam's leader in China to promote exports amid China Sea tension

Talks between the presidents of
Vietnam and China, their first meeting since China’s leadership
change, will focus on bolstering economic ties even as tensions
rise over disputed territory in the South China Sea.
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Ivorian cocoa farmers to get mobile-phone-based training and information

The Conseil Cafe-Cacao (CCC) of Cote d'Ivoire has announced a new mobile phone programme called CocoaLink that will create a free information exchange for all Ivorian farmers with mobile phones. The CCC expects 30,000 Ivorians to enrol initially, and 100,000 to be in the network by 2016.

Frontier Markets's insight:

Phone-based system clearly demonstrates how new technology could help frontier markets leap-frog their more economically developed rivals.

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Ecuador plans return to international bond market

Ecuador is planning to issue sovereign debt, perhaps before the end of this year or in the first quarter of 2014, marking a return to international debt markets five years after it defaulted on $3.2 billion of sovereign bonds despite an ability to pay.

Frontier Markets's insight:

Potential debt sale highlights both improvements in Ecuador's financial standing and the eagerness of banks to tap into frontier markets.

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Ghana court case throws elections into doubt

Ghana's Supreme Court must decide in the coming months whether or not to overturn December elections that handed the presidency to John Mahama.

Frontier Markets's insight:

This case could set a refreshing precedent where courts reviewing elections are doing more than just paying lip service to democratic process.

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Saudi Arabia accounts for 46% of names in Rich List

Saudi Arabia accounts for 46% of names in Rich List | Frontier markets news | Scoop.it

Nearly half the entries in the 2013 Arabian Business Rich List are based in Saudi Arabia, with the country accounting for a staggering 23 names this year.

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India confirms Vietnam is key pillar in "Look East" policy

Trade grows as India and Vietnam look to cooperate more closely in the future.

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'Tiger' of Eastern Europe is waking up: Romanian PM

Romania is seeing the best growth in the entire European Union (EU) and is ready to join the euro zone, the country's prime minister told CNBC.
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Nigeria plans sale of four state-owned oil refineries

Nigeria, Africa’s largest oil producer, plans to begin privatizing its four state-owned oil refineries before the end of the first quarter, Petroleum Minister Diezani Alison-Madueke said.
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Kenya aims to host Africa's first yuan clearing house

Kenya aims to host Africa's first yuan clearing house | Frontier markets news | Scoop.it

Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.

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Surging frontier markets ignored amid emerging market retreat, investor laments

Surging frontier markets ignored amid emerging market retreat, investor laments | Frontier markets news | Scoop.it
The impressive performance of frontier markets has been overlooked as more attention has been lavished on the travails of emerging markets, a leading fund manager has claimed.
Frontier Markets's insight:

Upbeat analysis of FMs vs EMs. 

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Latvia central bank lifts growth forecast

Latvia's central bank boosted its 2013 forecast for economic growth to 4.1% from 3.6% at the turn of the year and cut its inflation forecast to 0.7% from 1%.
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Colombia ratings outlook revised to positive by Moody's

The outlook on Colombia's government bond rating was revised upward to positive from stable, Moody's Investors Service said on Monday.

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Venezuela's PdVSA strikes $1 bn deal with Gazprombank

Venezuela's PdVSA strikes $1 bn deal with Gazprombank | Frontier markets news | Scoop.it

Venezuelan state energy giant Petroleos de Venezuela SA said Tuesday that it signed a deal with Russia's Gazprombank to provide $1 billion to their Petrozamora joint oil venture.

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Estonia: Global Finance frontier markets focus

Estonia: Global Finance frontier markets focus | Frontier markets news | Scoop.it
One of the few frontier markets to adopt the euro, Estonia has proved to be a beacon of hope in a region of uncertainty.
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Cote d'Ivoire: France warns of terror threat

Cote d'Ivoire: France warns of terror threat | Frontier markets news | Scoop.it

France has warned its citizens in Côte d'Ivoire to beware of attacks by armed Islamists. 

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Major expansion of Lagos-Abidjan highway approved

Major expansion of Lagos-Abidjan highway approved | Frontier markets news | Scoop.it

Five West African nations have agreed to invest and expand the Lagos-Abidjan highway into a six-lane road, to, among others, boost trade between them.

Frontier Markets's insight:

Expanded highway will provide a substantial boost for landlocked countries, enhancing trade throughout the region.

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