Emerging & Frontier Markets Headlines 2012.08.29

“Former World Bank Vice-President for Africa, Dr. Oby Ezekwesili, Tuesday said an estimated $400 billion of Nigeria’s oil revenue has been stolen or misspent since the country’s independence in 1960.” — This Day

“KKR follows Carlyle Group LP in turning to Africa as global buyout firms seek to diversify away from western economies to achieve higher returns. A so-called frontier market because it is perceived as riskier than more mature emerging economies such as China or Brazil, Africa is appealing to investors partly because of its steady economic growth over the past five years, its 1 billion inhabitants and growing middle class.” — BusinessWeek

Microfinance in Latin America – The myths and the reality — Milford Bateman

Of the 158 countries that had payments with China and Hong Kong in July 2012, 20% of countries had at least 10% of their payments value in renminbi. On average, 4% of all payments value with China and Hong Kong was in the Chinese currency. Strong performers are the Gulf countries, Singapore and the UK, and also Canada and Germany show good take-up, while adoption by the US, Japan and Australia remains low. — The Asset

Nigeria picks team to invest its oil money — Reuters

Apple Vs Samsung: Implications For Emerging Markets — BMI Risk Watchdog

Renewable energy country attractiveness indices — Ernst & Young

Profile of the Philippine economy — NYT

Ethiopia and African Development Bank sign US$251 million loan agreement — Bernama

Kazakhstan expects assets held by its sovereign wealth fund to more than double to $100 billion by 2015 — Bloomberg

Black Market forex dealers devalue Malawi kwacha — Nyasa Times

The Lao government attracted 98 projects invested by domestic and foreign sectors totaling about US$2 billion over the past six months of the fiscal year 2011-2012 — Lao News Agency via Leopard Capital

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