Frontier Markets: Articles of the Week (28th Oct – 3rd Nov)
Compilation of Frontier Market related articles across the web from 28th October 2019 to 3rd November 2019.
October 2019’s Best & Worst Performing Frontier Markets
October’s best performing Frontier Market was Argentina where the MERVAL Index experienced a surge after it was announced that a new left-leaning government will be running the country. The worst performing Frontier Market was Mongolia, currently the third worst performing Frontier Market year-to-date after Lebanon (-21.8%) and Nigeria (-16.1%).
Invesco Launches Kuwait ETF
Ahead of its promotion to the MSCI Emerging Market Index, Invesco have launched a new exchange traded fund (ETF), the Invesco MSCI Kuwait UCITS ETF (MKUW), allowing investors to gain exposure to and track the performance of Kuwaiti companies.
Vietnam Is Leading ASEAN Growing Solar PV Market
Vietnam is currently the leading country in South-East Asia in the solar panel market, comprising of half the region’s total capacity in 2019. With the cumulative solar photovoltaic capacity set to triple in the next 5 years , Vietnam is in a prime position to further benefit from future potential investments and projects geared towards the renewables sector.
Africa Oil To Buy Petrobras Assets In Nigeria After Vitol, Delonex Walk Away
Canada-based Africa Oil Corp said Friday it will buy all Petrobras’ stakes in producing assets in Nigeria after trading house Vitol and Delonex Energy walked away from a $1.4 billion deal to jointly acquire the interests.
Sri Lanka’s Economic Is Gradually Recovering Post Easter Sunday Attacks – IMF
The International Monetary Fund (IMF) says the Sri Lankan economy is gradually recovering from the impact of the Easter Sunday terrorist attacks. Growth is projected to be 2.7% in 2019 and 3.5% in 2020 and the IMF believes that maintaining fiscal policy discipline will be a key factor in achieving these growth rates.
Bangladesh Booms In A Sluggish World Economy
Despite the ongoing US-China trade war in the backdrop of the world economy, the Asian Development Bank says that Bangladesh has the fastest growing economy in the Asia-Pacific region as it is currently on track to post a GDP growth rate 8.1% this year.
Mongolian Coal Giant Tavan Tolgoi Plans $1 billion IPO
Mongolian state-owned coal miner Erdenes Tavan Tolgoi JSC is planning on an initial public offering (IPO) on the Hong-Kong Stock Exchange with the goal of raising over US$1 billion with a targeted launch date in 2020.
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