Money Markets
Mergers and acquisition deals in Africa double
The biggest deal announced so far in the continent remains India’s Bharti Airtel’s $10 billion bid for mobile telephony company Zain’s Africa assets. Photo/ANTHONY KAMAU
Posted Tuesday, March 2 2010 at 00:00
“We expect the recovery that began in the middle of last year to continue into 2010,” said analysts at AIG Investments.
Stronger growth
The global economy is rebounding, supported by substantial policy stimulus by governments and growth in emerging economies expected to outpace that of developed nations.
In the case of the United States, Europe and Japan, analysts at AIG say there is likely to be a modest, but gradual recovery in economic output.
Stronger growth within emerging market economies as a whole is however expected to surpass that in more developed economies.
A January 2010 update of the World Economic Outlook put gross domestic product growth for emerging markets at an average of six per cent with China’s and India’s expected to grow at over 10 per cent and eight per cent respectively.
There are still enough reasons to remain nervously bullish about current market trends.
With the expected low interest rate environment, plentiful liquidity, recovery in company earnings and a continued improvement in financial market conditions.
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