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The Global Armored and Counter IED Vehicles Market 2013-2023 – Market Size and Drivers: Market Profile

Posted on 16 May 2013 by Africa Business

NEW YORK, May 16, 2013 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:

The Global Armored and Counter IED Vehicles Market 2013-2023 – Market Size and Drivers: Market Profile

http://www.reportlinker.com/p01182628/The-Global-Armored-and-Counter-IED-Vehicles–Market-2013-2023—Market-Size-and-Drivers-Market-Profile.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Aerospace_and_Defense

Synopsis

This report provides readers with a comprehensive analysis of the Armored and Counter IED Vehicles market through 2013-2023, including highlights of the demand drivers and growth stimulators for Armored and Counter IED Vehicles. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.

Summary

The global armored and counter IED vehicles market valued US$23.4 billion in 2013, and will increase at a CAGR of 2% during the forecast period, to reach US$28.7 billion by 2023. The market consists of six categories: APCs, LMVs, IFVs, MRAPs, MBTs and Tactical Trucks. The IFV segment is expected to account for 34% of the global armored and counter IED vehicles market, followed by the MBT segment with a share of 26.2%.

Reasons To Buy

“The Global Armored and Counter IED Vehicles Market 2013-2023 – Market Size and Drivers: Market Profile” allows you to:

- Gain insight into the Armored and Counter IED Vehicles market with current and forecast market values.- Understand the key drivers and attractiveness parameters of the global Armored and Counter IED Vehicles market.- Understand the various factors impacting the growth of the Armored and Counter IED Vehicles market.

Table of Contents 1 Introduction

1.1 What is this Report About?

1.2 Definitions

1.3 Summary Methodology

1.4 About Strategic Defence Intelligence

2 Global Armored and Counter IED Vehicles Market Size and Drivers

2.1 Armored and Counter IED Vehicles Market Size and Forecast 2013-2023

2.1.1 Global armored and Counter IED vehicles market expected to increase during the forecast period

2.2 Global Armored and Counter IED Vehicles Market – Regional Analysis

2.2.1 North America is expected to lead the global Armored and Counter IED vehicles market

2.2.2 New programs in armored vehicles in the US to support the global armored and counter IED vehicles market

2.2.3 Armored and counter IED vehicles market to be robust in Europe

2.2.4 Asia to be a lucrative market for armored and counter IED vehicles

2.2.5 Saudi Arabia and Israel expected to lead the armored and counter IED vehicles market in the Middle East

2.2.6 Demand for armored and counter IED vehicles in Africa is expected to reach US$910 million by 2023

2.2.7 Brazil to lead the armored and counter IED vehicles sector in the Latin American region

2.3 Armored and Counter IED vehicles Sub-Sector Market Size Composition

2.3.1 Infantry Fighting Vehicles and Main Battle Tanks to witness strong demand

2.3.2 IFVs to account for the highest expenditure in the global armored and counter IED vehicles market

2.3.3 Market size of Main Battle Tanks expected to grow at a CAGR of 4.1% during forecast period

2.3.4 Armored Personnel Carriers market to experience a marginal decline

2.3.5 Scheduled withdrawal of peacekeeping forces and integration of anti-mine armors on all vehicles to lower MRAP vehicle market

2.3.6 Light Multirole Vehicles market size is expected to decline during the forecast period

2.3.7 Tactical trucks market size expected to witness steady decrease in demand

2.4 Demand Drivers and Growth Stimulators

2.4.1 International peacekeeping missions expected to propel demand for armored and counter IED vehicles

2.4.2 Modernization initiatives will drive the demand for armored and counter IED vehicles

2.4.3 Internal and external security threats fuel the global demand for armored and counter IED vehicles

2.4.4 Increasing costs and capability of armored and counter IED vehicles result in demand for multirole vehicles

2.5 Defense Budget Spending Review

2.5.1 European capital expenditure expected to increase during the forecast period

2.5.2 Asian defense budgets expected to increase at a robust pace

2.5.3 North American defense expenditure projected to decline marginally during the forecast period

2.5.4 Modernization programs likely to drive defense expenditure in South American countries

2.5.5 Military budgets of African countries expected to increase during the forecast period

2.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period

2.6 Defense Modernization Review

2.6.1 Debt crisis in Europe leading to postponement of modernization plans

2.6.2 Arms race in Asia reflected in modernization plans

2.6.3 North American modernization plans marginally affected by economic recession

2.6.4 Modernization programs in South America driven by replacement of obsolete armaments

2.6.5 African countries mainly spending on infantry weapons and surveillance and monitoring equipment to slow growing crime rate

2.6.6 Middle Eastern countries pursuing modernization of air force and air defense systems

3 Appendix

3.1 Methodology

3.2 About SDI

3.3 Disclaimer

List of Tables Table 1: Global Armored and Counter IED Vehicles Market Overview

Table 2: Global Armored and Counter IED Vehicles Market Overview

List of Figures Figure 1: Global Armored and Counter IED Vehicles Market (US$ Billion), 2013-2023

Figure 2: Armored and Counter IED Vehicles Market Breakdown by Region (%), 2013-2023

Figure 3: North American Armored and Counter IED Vehicles Market (US$ Billion), 2013-2023

Figure 4: European Armored and Counter IED Vehicles Market (US$ Million), 2013-2023

Figure 5: Asia-Pacific Armored and Counter IED Vehicles Market (US$ Million), 2013-2023

Figure 6: Middle East Armored and Counter IED Vehicles Market (US$ Million), 2013-2023

Figure 7: African Armored and Counter IED Vehicles Market (US$ Million), 2013-2023

Figure 8: Latin American Armored and Counter IED Vehicles Market (US$ Million), 2013-2023

Figure 9: Armored and Counter IED Vehicles Market Breakdown by Segment (%), 2013-2023

Figure 10: Global IFV Market Size (US$ Billion), 2013-2023

Figure 11: Global MBT Market Size (US$ Billion), 2013-2023

Figure 12: Global APC Market Size (US$ Billion), 2013-2023

Figure 13: Global MRAP Market Size (US$ Billion), 2013-2023

Figure 14: Global LMV Market Size (US$ Billion), 2013-2023

Figure 15: Global Tactical Truck Market Size (US$ Billion), 2013-2023

Figure 16: Defense Capital Expenditure of Top Three European Defense Spenders (US$ Billion), 2013-2023

Figure 17: Defense Capital Expenditure of Top Three Asian Defense Spenders (US$ Billion), 2013-2023

Figure 18: Defense Capital Expenditure of Top North American Defense Spenders (US$ Billion), 2013-2023

Figure 19: Defense Capital Expenditure of Top Three South American Defense Spenders (US$ Billion), 2013-2023

Figure 20: Defense Capital Expenditure of Top Three African Countries (US$ Billion), 2013-2023

Figure 21: Defense Capital Expenditure of Top Three Middle Eastern Defense Spenders (US$ Billion), 2013-2023

To order this report:Aerospace_and_Defense Industry: The Global Armored and Counter IED Vehicles Market 2013-2023 – Market Size and Drivers: Market Profile

Contact Clare: clare@reportlinker.com

US:(339) 368 6001

Intl:+1 339 368 6001

 

SOURCE Reportlinker

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African banks look to fill gap left in trade finance as Europe pulls back

Posted on 10 March 2013 by Africa Business

International commodity traders are turning to African banks to finance trade transactions as the global economic slowdown, Eurozone debt crisis and tougher capital requirements force international banks to pull back their lending in Africa.

Standard Bank’s Global Head of Structured Trade and Commodity Finance, Mr Craig Polkinghorne, says the pull-back forced on global banks is happening at a time when Africa’s trade continues to grow across a broad front of geographies and sectors.

Mr Polkinghorne says: “The scale of trade finance opportunity is substantial when considering that Africa’s exports alone grew to US $500-billion in 2012 from US $445-billion in 2011. It is something of a phenomenon that the general tightening of global credit continues to curtail availability of commodity trade finance from the traditionally dominant players, even as African countries ramp up trade relations with the fastest-growing economies.

Many international banks have reviewed their risk appetite and have withdrawn from, or limited their exposure to trade finance in Africa. Mr Polkinghorne says that a funding gap has consequently opened up, creating an opportunity for other players to fill that vacuum.

“This has created great opportunities for African banks to be more active in trade finance because they have strong balance sheets, the necessary capital and liquidity, and risk appetite. For domestic currency transactions they also have competitive funding costs compared to global counterparts,” he says.

“More importantly, as European and US demand has continued to decline, the liquidity from African banks has helped to deepen intra-African trade and increase trade flows between the continent and other emerging market regions.”

China is increasingly accounting for a significant portion of Africa’s trade compared to its trade with the rest of the world. Trade with China has grown from 10% of overall trade in 2008 to 18% in 2011. China’s dominant African trading partners are Angola, South Africa, Sudan, Nigeria, Egypt and Algeria.

African countries are also importing goods to support infrastructure investment and consumer spending. Standard Bank Group research shows that imports of machinery, transport equipment and textiles remain buoyant

“So, we see strong trade and constrained competitors as an ideal growth environment for banks with local presence and technical banking expertise,” says Mr Polkinghorne.

Standard Bank Group has recently expanded its client base to incorporate new jurisdictions in Africa. Mr Polkinghorne notes that the growth Standard Bank Group has experienced in issuing letters of credit shows growing trust in its ability to take on and manage the “Africa risk” portion of these transactions.

Standard Bank Group has used the opportunity to strengthen its position in trade finance in the energy, natural resources and agricultural sectors, says Mr Polkinghorne.

In one such recent deal, Standard Bank Group provided Tanzania’s Export Trading Group (ETG) with US $250-million in trade finance facilities. ETG is a leading integrated agricultural supply chain manager in East and Southern Africa.

In another transaction, Standard Bank Group assisted the Ghana Cocoa Board to secure a US$1.5-billion pre-export finance facility to purchase cocoa beans in the 2012/13 cocoa season. The facility is currently the largest non-oil deal in sub-Saharan Africa.

Standard Bank Group also acted as mandated lead arranger on the 2012 US $1.5bn Sonangol pre-export finance deal, further cementing the banks activities in Angola. Africa of course had three important global suppliers of crude oil; Angola, Egypt and Nigeria. Significant oil product import lines were provided across sub-Saharan Africa, where the Bank provides in excess of US $1bn of import trade finance lines across West, East and Southern Africa.

Oil and oil products remains a dominant influence in the continents GDP and is viewed as being strategically important to the success of the growth achieved by the continent as a whole, and as consumer discretionary spend increases, and car ownership rises, this will continue to be an important trade flow where the bank can provide bespoke trade finance solutions across the supply chain.

Mr Polkinghorne says: “An important change in growing our share of the trade finance market is that liquidity pressures have made the cost of funding for Standard Bank Group and its African counterparts more competitive when compared to European banks.

“We are seeing indications in the market that South African and other African banks are participating not only as lenders but co-arrangers on large pre-export finance deals.” he says.

Mr Polkinghorne notes that African banks are increasingly being called upon to step up their lending for trade transactions because of their stronger balance sheets and risk appetite.

“Natural resources, both within the oil and metals markets and the agriculture sector continue to dominate the African landscape. But it is perhaps the processes through which such resources are utilised, both in the facilitating of international and intra-regional trade and establishment of a suitable environment to conduct business that remain the key challenges. Local banks have increasingly found greater opportunities and increasing confidence to support major trade transactions, says Mr Polkinghorne.”

Source: StandardBank.com

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IMF Concludes 2013 Article IV and EFF Review Mission to Seychelles

Posted on 06 March 2013 by Africa Business

VICTORIA, Mahé, March 6, 2013/African Press Organization (APO)/ An International Monetary Fund (IMF) mission led by Carol Baker visited Victoria from February 20 – March 5, 2013 to conduct the 2013 Article IV consultation discussions and assess performance at end-December for the seventh program review under the Extended Fund Facility (EFF) Arrangement with Seychelles.1 The mission met with Finance Minister Pierre Laporte, Central Bank Governor Caroline Abel, other senior government officials and members of parliament, as well as representatives of the private sector.

At the conclusion of the mission, Ms. Baker issued the following statement:

“The Seychellois economy has shown resilience in the face of the difficult global economic environment. Economic growth has held up thanks to increasing tourist arrivals from non-traditional markets; fiscal policies have remained firmly on track toward the government’s target of bringing public debt down to 50 percent of gross domestic product (GDP) by 2018; and debt restructuring is nearly complete. Monetary tightening has been successful in reversing the inflationary uptick experienced last year, and inflation pressures are expected to continue their recently observed downward path.

“The government has made sustained progress in implementing the IMF-supported program. All end-December 2012 quantitative targets under the program were met. The broader structural reform agenda is also moving ahead, with cabinet approval of the public sector investment program and passage of the Public Financial Management Act. The mission welcomes the introduction of the value-added tax (VAT), which will modernize and strengthen the tax system, and encourages the government to take all necessary steps to ensure that the VAT is applied efficiently.

“The government of Seychelles has made significant strides since the time of the 2008 debt crisis to stabilize the economy, improve financial discipline at the central government level and reduce public debt. However, challenges remain. Seychelles’ open economy remains highly vulnerable to external shocks. Moreover, like many small middle-income economies, Seychelles faces the medium-term challenge of achieving high-income status in the face of limited opportunities for rapid growth.

“Policies in the period ahead should aim to cement macroeconomic stability, and support growth and employment. Ensuring a buildup of buffers against shocks will be critical in the current global economic environment, and requires the continuation of prudent macroeconomic policies and the safeguarding of international reserves. Moreover, the mission urges the authorities to bring the same level of fiscal discipline observed at the central government level to the broader public sector, including through the gradual adjustment and rebalancing of domestic utility, food and transport prices. Throughout this price adjustment process, it is of utmost importance to take the necessary steps to protect the most vulnerable segments of Seychellois society, while increasing use of mean-tested benefits in social welfare to ensure that it does not act as a deterrent to labor force participation.

“In terms of growth and employment, the government should maintain momentum for their ample structural reform agenda which aims to foster an environment conducive to private sector participation in economic activity. Key measures include modernization of the legal framework—such as the Companies, Insolvency and Labor Acts—in line with international best practice; financial sector development aimed at reducing the cost and increasing access to credit, especially for small and medium enterprises; and building capacity of local labor to bring it in line with the needs of the private sector. In the case of housing and social protection, policies should seek to balance addressing market failures and protecting the vulnerable against overly generous benefits which deter labor market participation and private sector development.

“The mission appreciates the high quality of the discussions and wishes to thank the authorities for their warm hospitality, and the open and constructive dialogue.”

1 The Extended Fund Facility under the Extended Arrangement is an instrument of the IMF designed for countries facing serious medium-term balance of payments problems because of structural weaknesses that require time to address. Assistance under the extended facility features longer program engagement—to help countries implement medium-term structural reforms—and a longer repayment period. (See http://www.imf.org/external/np/exr/facts/eff.htm). Details on Seychelles’ current arrangement are available at http://www.imf.org/seychelles

 

SOURCE

International Monetary Fund (IMF)

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MIGA Report Finds that Sovereign Default and Expropriation Risks Worry Investors

Posted on 08 December 2012 by Africa Business

However, Investors Moving Forward Despite Ongoing Uncertainty

LONDON, UK; WASHINGTON, DC, December, 2012 – Foreign investors, attracted by stronger economic growth in developing countries while mindful of risks, remain relatively optimistic about these destinations in the short term according to the results of a survey released in a report by the World Bank’s Multilateral Investment Guarantee Agency (MIGA). World Investment and Political Risk notes that half of the survey’s respondents plan to increase investment in developing countries in the next 12 months.

This sentiment dovetails with foreign direct investment (FDI) trends that show developing-country flows continue to account for a substantial share of global FDI: in 2012 they are estimated to be 36 percent of inflows and 14 percent of outflows. FDI to developing countries is expected to rebound in 2013 to exceed pre-2008 highs.  New challenges, especially the ongoing sovereign debt crisis and recession in the euro zone, have slowed the flow of FDI from traditional sources. However, FDI from new investors based in developing countries has risen significantly in recent years, and is expected to reach a record level this year. Notably, about a quarter of developing countries’ outward FDI currently goes into other developing countries (“South-South” investment).

“Our report points to an important factor that has positive implications not only for developing countries, but also for the global economy,” said Izumi Kobayashi, MIGA’s Executive Vice President. “FDI into developing countries has remained a significant engine of growth even as the global economic picture has weakened.”

The fourth annual MIGA-EIU Political Risk Survey reveals that investors are concerned about the ongoing weakness in the global economy and this remains a top constraint for their plans to expand in developing countries in the short term. This picture changes over the medium term, as foreign investors rank political risk as the most significant constraint to investing in developing countries over the next three years. Significantly, the report finds that both sovereign default risk and expropriation—among other political risks—remain dominant issues for foreign investors deciding their investment plans.

According to the survey, for the Middle East and North Africa in particular, political instability has taken a toll on investment intentions and has elevated perceptions of political risk. This is true not only for the Arab Spring countries, but also for other countries in the region. Political and economic stability are inducements for corporate investors to return, but the findings of MIGA’s survey indicate market opportunities are more important.

The report also examines trends in the political risk insurance industry in general and finds that, between 2008 and 2011, issuance of political risk insurance increased by 29 percent for Berne Union members, an increase that has exceeded that of FDI flows into developing countries over the same time period. Aggregate premium rates have remained remarkably stable.

“This report calls attention to different dimensions of political risk and investment insurance’s role in keeping FDI on track,” says Kobayashi.

 

*MIGA was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders, covering risks including expropriation, breach of contract, currency transfer restriction, war and civil disturbance, and non-honoring of sovereign financial obligations.

Source: WorldBank.org

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The 10th Forex Conference & Expo Kicks off this Thursday 15 November in Dubai

Posted on 14 November 2012 by Africa Business

 

The show will open its doors in Dubai at 10:00 am on Thursday and will cover online trading currencies, commodities, gold, oil, stocks and derivatives, at Jumeirah Beach Hotel Dubai, and will continue until Friday November 16, 7:00 pm.

” Forex for this year 2012 will witness the participation of Swiss banks specialized in Forex trading along with many trading companies that come for the first time in Dubai. Speaking at the Conference; 15 notable lecturers and speakers from the leading experts and global economic analysts, said Katia Tayar, President of Arabcom Group ; the Organizer of the Event.

The Conference provides the perfect opportunity to highlight the trends of the current global capital markets and market expectations in 2013, and it reviews a range of issues of common global concern and the development of the world economy with a focus on optimal strategies for success in the sector of online trading of funds, goods, gold and oil and currencies.

The exhibitors offer a large number of financial services for electronic trading, working with the latest tools and exchange platforms of technology which is more widespread globally; among the most prominent exhibitors; will be the corporate sponsors for the event: Alpari, RFXT, MIG bank, Think Forex, Forex.com, Commexfx, Swissquote, Axiory, Easy Forex, Arab Financial Brokers, HenYep, and ACM Gold.

Speakers at the conference will cover the following topics:

Evolution of forex in the Middle East- Markets between the economic environment and the Central Banks Policies- Short term managed accounts strategiesThe Value of LiquidityRisk vs Reward, Insightful strategies from a World Cup Trading Champion -  Five most common trading mistakes and how to avoid themOpportunities in Emerging Market CurrenciesProfiting from Knowledge How MultiTrader WorksBuying the RIGHT Gold & Hedging Using The RIGHT Tools – Euro zone Debt Crisis and its Impact on the Global EconomyMarket Timing for Short Term Income and Long Term WealthIstanbul: a global center of commerce and financeCrowd Psychology

Ms. Tayar has warned that Forex business requires patience and applied knowledge over the long term, and for those who are willing to enter these markets ; should not surrender to invest large sums of money in a single operation, it is clear that it may be very tempting, especially if the investor believes that he has the right information to take risks, but the market direction could change at any moment, so better to go step by step, and open demo accounts to obtain sufficient expertise and experience in the application of strategies before risking real money. The majority of online Forex companies offer demo accounts. One of the most important trading conditions for the investor is to avoid risking more than 2% of the capital in a single operation since rush is very bad advice in this business.

” One of the most important characteristics of successful trading, is to acquire market knowledge, discipline, transactions control, trading pursuant to a strategy, decision-making not to be set on a random manner, using low financial leverage. She invited all interested to participate in the activities of the Conference and to visit the exhibition and benefit from the explanations  and services indicating that participation in Forex 2012 events and visit the exhibition; shall be free of charge” added Katia Tayar, Founder & President of Arabcom group the Organiser

for more info about the event please visit : www.meforexexpo.com

 

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South African economy needs to be boosted

Posted on 17 September 2012 by Africa Business

 

By Thandisizwe Mgudlwa

Manpower Employment Outlook Survey has just released a report which does not look good for economic development and hence, job creation for South Africa.

The study states that following a cautiously optimistic third-quarter recovery, South Africa’s hiring pace is expected to slow down noticeably in the last four months of the year, according to the 750 employers who participated in the survey.

And once seasonal variations are removed from the data, South Africa’s Net Employment Outlook stands at a disappointing 0%, a 7 percentage point decline quarter-over-quarter and a 3 percentage point decline year-over-year.

Further, opportunities for job seekers are expected to be generally weaker in most sectors and regions, especially in the Electricity, Gas & Water Supply and the Restaurants & Hotels industry sectors where the Outlooks drop to their weakest levels since the survey started in 2006.

Lyndy Van Den Barselaar – Managing Director for Manpower Group South Africa has said: “The results are somewhat downbeat; the encouraging nature of the 3rd quarter Outlook has given way to a relatively stagnant forecast once again.
Lower interest rates have not had the desired effect on consumer spending and borrowing and consumer confidence remains low.

This, in turn, has affected business confidence, which has dropped to a 12-year low and is affecting business employment plans. The on-going trend of indecision with regards to the Eurozone crises and fluctuating degrees of confidence and doubt, as well as key negative events–such as the recent Lonmin mine debacle–that alarmed foreign investment, continues to cause businesses to be cautious in their hiring plans.”

Van Den Barselaar explained: “Businesses are expecting a sluggish holiday season and are not anticipating the boost that often bolsters sales at the end of the year. Additionally, other developing nations are outperforming South Africa as some political instability and indecision continues to concern business back home, especially with the upcoming elections next year. Fourth-quarter hiring intentions decline in nine of 10 industry sectors and in four of five regions in a quarter-over-quarter comparison. Opportunities for job seekers are strongest in the Free State where mining may contribute to the regions positive figures.”

Employers in three of the five regions surveyed expect to grow staffing levels during Quarter 4 2012. The most optimistic hiring plans are reported in Free State, with a Net Employment Outlook of +6%, and Gauteng employers anticipate some payroll gains with an Outlook of +3%.

Meanwhile, employers in Kwazulu Natal forecast a struggling labour market with an Outlook of -6%, and report the weakest regional hiring plans for the third consecutive quarter.

In addition, quarter-over-quarter, hiring prospects weaken in four of the five regions, according to employers.

The Eastern Cape Outlook declines by 7 percentage points, and decreases of 4 percentage points are reported in both Gauteng and Western Cape. Elsewhere, Free State employers report a slight
improvement of 2 percentage points.

Year-over-year, the Outlook weakens in four of the five regions. Kwazulu Natal employers report a decline of 6 percentage points, and the Outlooks for Western Cape and Eastern Cape decrease by 4 and 3 percentage points, respectively.

Meanwhile, Free State employers report a 5 percentage point Outlook improvement.

For the second consecutive quarter, hiring intentions are strongest among employers in the Wholesale & Retail Trade industry sectors while employers in the Manufacturing industry sector report the least optimistic fourth-quarter hiring intentions.

Outlooks in both the Electricity, Gas & Water Supply and the Restaurants & Hotels sectors are the least optimistic forecasts since the survey began in 4Q 2006.

Furthermore: “Despite low consumer confidence, many businesses still see opportunities for consumers to increase spending, especially in the essential categories, such as food and clothing. However, many consumers have cut back on luxury purchases such as eating out and going on holidays. Similarly, many businesses have cut back on travel budgets for employees, effecting accommodation expectations.

Manufacturing has been affected by less consumer spending, as well as cheaper foreign imports in some sectors,” added Van Den Barselaar.

Employers in five of the 10 industry sectors expect to grow payrolls in the next three months. The most optimistic hiring plans are reported by employers in the Wholesale & Retail Trade sector, with a Net Employment Outlook of +5%, and in the Agriculture, Hunting, Forestry & Fishing sector, where the Outlook stands at +4%.

Elsewhere, modest headcount gains are likely in both the Mining & Quarrying sector and the Public & Social sector, according to employers who report Outlooks of +3%. However, employers in four sectors predict negative headcount growth, most notably in the Manufacturing sector where the Outlook stands at -9%.

While restaurants & Hotels sector employers also expect a sluggish hiring pace, reporting an Outlook of -4%.

Quarter-over-quarter, hiring intentions weaken in nine of the 10 industry sectors. The most noteworthy decline of 12 percentage points is reported in the Manufacturing sector. Outlooks decline by 7 percentage points in both the Construction sector and the Wholesale & Retail Trade sector. In the Transport, Storage & Communication sector, employers report a 6 percentage point decline quarter-over-quarter.

Year-over-year, employers report weaker hiring plans in eight of the 10 industry sectors. The Outlook for the Restaurants & Hotels sector declines by a considerable margin of 10 percentage points, and employers in both the Mining & Quarrying sector and the Transport, Storage & Communication sector each report decreases of 6 percentagepoints. Meanwhile, employers in the Construction sector report a 6 percentage point improvement.

And elsewhere, job seekers should see varying degrees of positive hiring activity across 31 of 42 countries and territories, with employers in 22 labour markets reporting improved or relatively stable hiring intentions compared to the third quarter. However, the pace of hiring is expected to weaken in 26 markets compared to one year ago.

Interestingly, in the emerging markets of China, Brazil and India, employers in nearly all industry sectors expect to slow the pace of hiring from this time last year—most notably in India.

And while in the world’s seven largest economies, hiring forecasts remain positive yet conservative in all countries except Italy where the Outlook declines further into negative territory. Expanding its European labour market research, ManpowerGroup polls the Finnish labour market for first time this quarter, where employers report a downbeat fourth-quarter forecast.

Jeffrey A. Joerres, Chairman and CEO of ManpowerGroup commented: “There is so much uncertainty in the global labour market now and that is undermining employer hiring confidence. If these uncertainties—the debt crisis in Europe, rumblings of a slowdown in China, the U.S. presidential election and healthcare costs coming in that can’t be calculated—keep stacking up, we will see the global labour market’s slow, steady hiring mode shift to a pause.”

“We’re seeing the beginning of that in the data for India with employers not shedding staff, but downshifting hiring considerably until they see more positive signals. In the U.S., employers remain confident enough to maintain the same steady hiring pace seen over the past year.”

ManpowerGroup’s global research indicates employers are most confident about adding employees the next three months in Taiwan, India, Panama, Brazil, Turkey and Peru, while those in Greece, Italy, Finland, Ireland, Spain, Slovakia, Netherlands, Czech Republic and Poland report the weakest and only negative hiring intentions worldwide.

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IN CHINA, AFRICA, UNITED NATIONS WILL CONNECT THOSE WHO FACE CHALLENGES WITH THOSE WHO HAVE SOLUTIONS, SECRETARY-GENERAL SAYS AT BEIJING FORUM

Posted on 22 July 2012 by The African Press Organization

 

NEW YORK, July 20, 2012/African Press Organization (APO)/ — Following are UN Secretary-General Ban Ki-moon’s remarks to the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, in Beijing, 19 July:

It is a great honour for me to participate on behalf of the United Nations at this important Forum on China-Africa cooperation. I thank the Government of China and the people for their kind invitation and warm hospitality. I commend the leadership of President Hu Jintao in organizing this forum at this very important time in Beijing. I also thank the Government of Egypt for their contribution and leadership and for co-chairing this Forum during the last several years.

As the largest developing country, and as the region with the largest number of developing countries, China and Africa have a lot in common. Both share the same aspirations for peace, development and dignity for all. Both believe in working together for the common good — including through South-South cooperation, which the United Nations has strongly promoted and advocated for many, many years. This is especially important in today’s economic climate. The global economic slowdown and the European sovereign debt crisis are impacting traditional donor support in many countries.

At the same time, South-South cooperation is expanding steadily. Traditional donor support and South-South cooperation each have different strengths and limitations. North-South cooperation commitments must be met to advance development. South-South cooperation is an increasingly important complement to this. Both forms of cooperation are essential.

China and African countries see their future well-being as closely linked with integration in the global economy and marketplace. So it is no surprise that you who fill this Great Hall today have entered into a strategic partnership for the future. Of course, ties between China and Africa date back to antiquity. Trade along the Silk Road raised mutual awareness of their respective riches. In the fifteenth century, Chinese sailors reached East Africa. In our own time, China provided strong support for African independence movements, while Africa has been firmly behind the growing role of China in international affairs.

Today, this relationship of equality and mutual benefit is scaling new heights. China has become Africa’s major trading partner. China’s exports to Africa increased dramatically last year, as did imports from Africa. In fact, last year Africa had a trade surplus with China. Thousands of exports from Africa’s Least Developed Countries have received zero-tariff treatment. China has cancelled significant amounts of African debt. Much of its development assistance goes to Africa. And China continues to provide much-needed financing to meet the very large demands for capital investment, especially for infrastructure.

Africa, for its part, is investing in China, on a smaller scale. This deepening partnership is bringing gains to both sides. It is creating opportunities for African countries to diversify their economies, create jobs, and improve health care and education. It is contributing to the world economy at a time when traditional drivers are in economic downturn.

Yet, even more can be done. I see three areas where this Forum can build on progress to date. First, making deeper inroads against poverty. We need to increase the development impact of trade and infrastructure projects, especially for the benefit of women and young people. I am pleased to note that this Forum places a high priority on food security. The work you are doing is closely aligned with the “Zero Hunger Challenge”, which I announced at last month’s Rio+20 Conference, and which seeks a world of resilient food systems.

It is significant that this Forum will convene again in 2015, the target year for reaching the Millennium Development Goals. I urge you to focus on poverty reduction and social development so that by then, more people here and in Africa will see the difference in their lives. We have very serious, very important responsibility to establish sustainable development goals built upon the Millennium Development Goals. I have already started to work together with the Member States to establish sustainable development goals in close coordination with the Member States. And I am going to establish a high-level panel of eminent persons whose political and professional visions will give this input to this process. I will count on the leadership of Africa and China fully engaged and to back their leadership in this process.

Second, strengthening African capacity. China has already trained thousands of African officials in recent years. Many African students graduate from Chinese universities. I encourage China to continue sharing this knowledge. Africa looks to China not only as a source of funds and trade, but also as a source of technology and innovation. Many Chinese experts, volunteers and businessmen contribute to development in Africa.

Third, building green economies. Many African countries and China have been promoting green initiatives as part of their development strategies. I encourage you to continue this effort, and help us to sustain the momentum generated by last month’s successful Rio+20 summit meeting in Rio de Janeiro. I am very encouraged that Chinese and African business and financial leaders are involved in my Sustainable Energy for All initiative. China is a world leader in solar and wind energy. It has taken great strides toward improving its carbon intensity and energy efficiency. And it has developed many low-cost, low-tech alternatives with great potential for the world’s rural areas.

Many African countries are also moving ahead with renewable energy innovations. All of you in this audience face growing demands for energy. Countries that embrace sustainable energy will improve public health, safeguard the environment, increase prosperity and reduce the risk of climate change. Energy is the golden thread that weaves together these and other key concerns starting from climate change, food security, water scarcity, gender empowerment, urbanization and many other issues. They are all interlinked. If we had sustainable energy, these can be solved all at once. I look forward to working with you to realize the great potential of our efforts in this area.

The United Nations is strongly committed to this process: to supporting China-Africa partnership and cooperation. The United Nations system is intensifying its collaboration with China on South-South cooperation in ways that benefit the countries of Africa. Here in China and across Africa, we will continue connecting those who face challenges with those who have solutions. We will deepen our already close ties with the African Union, NEPAD [New Partnership for Africa's Development] and the continent’s regional and subregional organizations.

The road ahead will be challenging. Africans are determined to sustain a decade of impressive economic growth and make a decisive break from conflicts and military coups. China is determined to build on its remarkable gains. This Forum has an important role to play. I commend the growing emphasis you place on people-to-people exchanges. Durable peace, truly sustainable development, a future of prosperity and dignity for all: this is our common agenda — China, Africa and the United Nations can work together to realize a world where all people — men and women, old and young — can live with dignity, peace and prosperity. I count on your leadership. Thank you.

SOURCE

UNITED NATIONS

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FOREX.com 3Q Outlook: Global austerity measures begin to take a toll

Posted on 17 July 2012 by AfricaBusiness.com

 

Markets get set for another period of anemic growth

Please download Q3 2012 Market Outlook Report ENG.pdf

Dubai, July, 2012 – FOREX.com, the retail division of GAIN Capital (NYSE:GCAP), a global provider of online trading services; today (July, 15) released its 3Q Market Outlook report. The report focuses on what to expect in Europe following the EU Summit at the end of last month and the possible implications this has for the wider global economy. It also includes an in depth view of FOREX.com’s currency forecasts for the quarter, along with an outlook for commodities and stock markets globally.

In 3Q 2012, FOREX.com analysts expect worldwide economic growth to stall due to the EU still having some way to go to sort out its sovereign debt crisis and with the US facing a presidential election in November and a fiscal cliff at the beginning of next year. In 2Q it briefly looked as if the economic recovery was picking up steam but progress has been halted by a resurgence of tensions in Europe and government driven austerity programmes impacting growth.

“Volatility has started to pick up as we head into the second half of the year. The Eurozone remains a threat to financial markets, the US economy is starting to weaken and the major global central banks have embarked on looser monetary policies. This may weigh on the Euro this quarter and, correspondingly, be positive for the Dollar,” said Kathleen Brooks, Research Director, FOREX.com.

Ms. Brooks added: “Key event risks to watch for this quarter include Dutch elections in September, the US fiscal cliff and the Federal Reserve meeting at the end of July/beginning of August – where we may find out if the Fed joins the ECB, BOE and PBOC in China in boosting its monetary stimulus or if it decides to ride the economic storm alone. If we continue to see soft economic data we may find ourselves in a risk averse environment for some time as the focus shifts back to global growth.”

Other expectations from the FOREX.com 3Q 2012 Markets Outlook include:

* European stocks may outperform US equities as the US economy starts to slow.

* The People’s Bank of China is likely to ease rates further, which may cushion its economy from the global economic slowdown.

* In Australia: expect one 25 bps rate cut and a predicted GDP growth rate of around 1.6%, which will likely lead to a stronger Australian dollar versus the euro, US dollar and British pound.

* It could be a tough quarter for oil as both supply and demand issues limit potential gains.

* Gold is at risk of a decline in the current deflationary environment as growth slows around the world.

The FOREX.com Markets Outlook report highlights potential price ranges for key pairs, such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, and AUD/USD. Key cross currency pairs like EUR/JPY and EUR/GBP are also covered.

The FOREX.com Markets Outlook report is prepared by Research Director Kathleen Brooks, Senior Technical Strategists Chris Tevere, CMT, Eric Viloria, CMT, and Research Analyst Chris Tedder.

The full FOREX.com 3Q 2012 Markets Outlook Report is now available at www.forex.com [1] under “Research”.

FOREIGN EXCHANGE AND OTHER LEVERAGED PRODUCTS INVOLVE SIGNIFICANT RISK OF LOSS AND ARE NOT SUITABLE FOR ALL INVESTORS. INCREASING LEVERAGE INCREASES RISK. BEFORE DECIDING TO TRADE FOREIGN EXCHANGE AND OTHER LEVERAGED PRODUCTS, YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL OBJECTIVES, LEVEL OF EXPERIENCE AND RISK APPETITE. SPOT GOLD AND SILVER CONTRACTS ARE NOT SUBJECT TO REGULATION UNDER THE U.S. COMMODITY EXCHANGE ACT. CONTRACTS FOR DIFFERENCE (CFDS) ARE NOT AVAILABLE FOR US RESIDENTS.

FOREX.COM IS REGULATED BY THE COMMODITY FUTURES TRADING COMMISSION (CFTC) IN THE US, BY THE FINANCIAL SERVICES AUTHORITY (FSA) IN THE UK, THE AUSTRALIAN SECURITIES AND INVESTMENT COMMISSION (ASIC) IN AUSTRALIA, AND THE FINANCIAL SERVICES AGENCY (FSA) IN JAPAN.

The opinions and information in this report are for general information use and are not intended as an offer or solicitation to any product offered.

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global provider of online trading services. GAIN’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.

A pioneer in online forex trading, GAIN Capital operates FOREX.com(R), one of the largest and best-known brands in the retail forex industry. GAIN’s other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.

GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.

For company information, visit www.gaincapital.com [2].

MEDIA CONTACTS:

Ahmed Al Derazi Joanna Spinks

Edelman UAE Edelman UAE

+971 50 667 5267 +971 50 611 8464

ahmed.alderazi@edelman.com [3]

joanna.spinks@edelman.com [4]

# # #

JOANNA SPINKS * ACCOUNT DIRECTOR *

EDELMAN UNITED ARAB EMIRATES
502-503 Thuraya Tower 1, Dubai Media City, Dubai, UAE
t: +971 (0)4 455 3826 m: +971 (0)50 611 8464 | f: +971 (0)4 435 7115 |
w: www.edelman.com [5]
b: www.arabianbytes.com [6]

EDELMAN WAS NAMED MIDDLE EAST PR AGENCY OF THE YEAR

About Edelman
Edelman is the world’s largest public relations firm, with 63 offices and more than 4,200 employees worldwide. Across the Middle East and Africa , Edelman has offices in Abu Dhabi and Dubai, and a network of affiliates that covers the whole of the Middle East and Africa. Edelman was named Advertising Age’s top-ranked PR firm of the decade in 2009 and one of its “A-List Agencies” in both 2010 and 2011; Adweek’s “2011 PR Agency of the Year;” PRWeek’s “2011 Large PR Agency of the Year;” and The Holmes Report’s “2011 Global Agency of the Year.” Edelman was named one of the “Best Places to Work” by Advertising Age in 2010 and among Glassdoor’s top five “2011 Best Places to Work.” Edelman owns specialty firms Blue (advertising), StrategyOne (research), Ruth (brands + experiences), DJE Science (medical education/publishing and science communications), MATTER (sports, sponsorship, and entertainment), and Edelman Consulting. Visit http://www.edelman.com [7] for more information.

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‘GREECE: AN ECONOMIC ODYSSEY’ DOCUMENTARY PRE-SCREENING IN SANDTON

Posted on 16 July 2012 by marcus brewster

 

CNBC Africa last night hosted the screening of its first feature documentary: `Greece: An Economic Odyssey’. The documentary, sponsored by Investment Solutions, was shown at the ‘Slow in the City’ Lounge in Sandton. It premieres on CNBC Africa on Monday, July 16 at 8 p.m. CAT.

The hour-long documentary delves into Greece’s history and the origins of the current economic crisis through exclusive interviews with former Prime Ministers and finance ministers of the Mediterranean country. It was produced by award-winning Greek journalist Irene Nikolopoulou and CNBC Africa Features Editor Jill de Villiers. Forbes Africa Managing Editor Chris Bishop was the narrator.

“There are also important economic policy issues arising out of the Greek crisis that Africa and the rest of the world can draw lessons from and we will play our part by explaining and analysing these issues with some of the best minds the world has,’’ said CNBC Africa Chief Editor Godfrey Mutizwa. “In future we will look at the global debt crisis and Europe’s economic mess. The commitment and support of companies such as Investment Solutions makes it possible for us to delve into the issues and find the key actors in the dramas unfolding before us.’’

Greece: An Economic Odyssey is the first from ABN360’s new documentary division. ABN360, owners of CNBC Africa, believe there is a gap in the market for editorially strong investigative business documentaries on issues shaping and affecting the global economic landscape and their impact on Africa. The documentary was sponsored by South African asset manager Investment Solutions, with the goal of educating people on matters affecting Africa.

“Highlighting the European crisis is a vital and a key contributor in informing and enlightening us on exactly what went wrong in Greece. By knowing what not to do, we can prevent our growing economies from falling down the same path. It is very important for people to understand what happens when we choose to live beyond our means and how important it is to enforce a discipline in the ways in which we spend our money”, said Derrick Msibi, Managing Director of Investment Solutions.

“This project is very important to us so it makes perfect sense to partner with CNBC Africa, which is quite a well-established brand that people associate with professional journalism. We look forward to being a part of educating and solving those un-answered questions people have about the crisis in Greece,’’ he said at the showing of the documentary.

Catch ‘Greece: An Economic Odyssey’ on CNBC Africa on Monday at 8pm, on the 16th of July, with repeats on Saturday at 7pm on the 21st of July, Sunday at 6pm on the 22nd of July, Saturday at 2pm on the 28th of July and Sunday at 3:30pm on the 29th of July.

Tweet About it: ‘Greece: An Economic Odyssey’ premiers on @CNBCAfrica @DStv #Channel410, 16 July at 8PM. Sponsored by @InvestmentSolZA. #Documentary

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Kenya: Statement at the Conclusion of the IMF Mission

Posted on 13 March 2012 by The African Press Organization

NAIROBI, Kenya, March 13, 2012/African Press Organization (APO)/ — An International Monetary Fund (IMF) mission, led by Mr. Domenico Fanizza, visited Nairobi from February 29 to March 12, 2012 to carry out the third review under the three-year Extended Credit Facility (ECF) arrangement approved in January 2011. The members of the mission met with Prime Minister Raila Odinga, Acting Minister for Finance Hon. Robinson N. Githae, Professor Njuguna Ndung’u, Governor of the Central Bank of Kenya (CBK), other senior government officials, Members of Parliament, and representatives of the private sector, civil society and development partners. The team wishes to thank the authorities for their warm hospitality and the frank and constructive discussions.

At the conclusion of the visit, Mr. Fanizza issued the following statement:

“Kenya’s economic reform has started to produce results. Following considerable pressures in the second half of 2011, inflation has started to decline, the shilling has stabilized, overall public debt is trending downward, and economic growth has continued despite the drought in the Horn of Africa and the sovereign debt crisis in Europe.

“Nevertheless, risks have heightened and challenges remain. A turn for the worse in global economic and financial conditions could dampen Kenya’s growth prospects and widen the external current account deficit. Therefore, policies should bring domestic demand growth in line with that of supply in order to improve the external position. The current tight monetary policy stance should continue until there is clear evidence that expectations of low inflation have taken hold.

“Policy performance remained in line with the program during the second half of 2011. The fiscal deficit was lower than projected thanks to strict expenditure control, and the shift in monetary policy during the last quarter of 2011 allowed for an accumulation of international reserves beyond projected levels. Moreover, the new Public Financial Management Bill was submitted to the Commission on the Implementation of the Constitution, allowing for the consideration of this landmark piece of legislation by the National Assembly.

“Economic prospects for 2012 remain favorable, with gross domestic product (GDP) projected to grow at above 5 percent if the impact of the drought recedes, security conditions improve, and smooth implementation of the new Constitution proceeds. Continued fiscal consolidation and tight monetary policy will bring inflation back to single digits, keep domestic demand under control, and reduce the current account deficit, laying down the conditions that would allow for an eventual decline in interest rates.

“Looking forward, sustained efforts to promote exports and invest in transport and energy infrastructure will help accelerate growth and strengthen the external position. Clear prioritization of investment projects is warranted to ensure Kenya’s debt dynamics remain strong.

“The authorities and the mission agreed, ad referendum, on economic policies and reforms to maintain macroeconomic stability and promote growth prospects while ensuring debt sustainability. In particular:

Monetary policy will aim to achieve low and stable inflation. Commitment to a tight stance will bring the rate of growth in credit to the private sector to sustainable levels that are compatible with a reduction in the current account deficit.

The CBK will continue accumulating international reserves as inflation declines in order to build a buffer to cope with possible external shocks. The CBK will remain fully committed to a floating exchange rate regime for the shilling.

Fiscal consolidation efforts will continue in the remainder of 2011/12 and in 2012/13. Non-priority outlays will be limited in order to create space for development spending, pro-poor expenditures will be protected, and revenue mobilization will be supported by the implementation of the new VAT Law and ongoing efforts to strengthen tax administration.

Policies for the financial sector will focus on banking supervision and close monitoring of credit risk, promoting competition and deepening the financial sector through the demutualization of the Nairobi Securities Exchange, and accelerating ongoing efforts to combat money laundering and terrorism finance.

“The Executive Board of the IMF is tentatively scheduled to consider completion of the third program review under the ECF arrangement in April 2012. Upon approval the IMF would disburse the third tranche of the loan for an amount of about US$110 million, bringing disbursements under the arrangement to SDR 272.75 million (about US$440 million).”

The Executive Board originally approved Kenya’s three-year ECF arrangement in January 2011 in an amount equivalent to SDR325.68 million (about US$509 million), and in December 2011 approved an increase in access to an amount equivalent to SDR 488.52 million (about US$760 million—see Press Releases No. 11/22 and No. 11/457).

SOURCE

International Monetary Fund (IMF)

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