greenpasture:


I disagree with this report although I think your posting was apt.

The report is written from a portfolio managers point of view and it is extremely short term in scope. Brexit means more trade with Africa not less. The UK is going to take a hit of between 50-65 billion on an annual basis. This funding gap has to be replaced. Where? The old Commonwealth sounds like a good place to start. In the past this body was more like a tea party/ photo op but it does have the architecture to be much more. If the UK is no to shutter factories and lower production it must find new markets and strike new trade deals.

Trade deals that are now free of the influence of EU policies and restrictions.

On a personal basis I think Brexit will hurt Britain in the short run. It has to find new trade deals to fill the gap and it won't find them in China. It will want to leverage on its old relationships and the Commonwealth represents a great outlet.

Fund managers think equity and bond investments. They also think grants and concessionary loans. I am talking about investment into the real sector. The real place Africa needs it.

Chuksemi:
The time has come to brace up and face harder times. Like every other thing on earth, it will only be temporary

Chinom:
Phuck Britain and Nigel Farage. Those dumb brits cast their votes based on racism and xenophobia. I just wish Scotland and Northern Ireland will pull out of UK so that we will have 2 full English speaking countries in the area to invest in and travel to. I have always preferred Dublin to London anyway.

The EU should kick them out ASAP.

martineverest:
Scotland will make our mar Britain..... Britain is on path to destruction

Keneking:
Nonsense write-up

Nigeria: we are about repatriating our looted funds from UK, I see them as losers. Buhari should quickly act before David Cameron leaves in October. For instance, Diezani and Ibori should be closed accordingly, all Panama leaks in the Virgin Island should be closed and everyone belonging there should be dealt with accordingly.

South Africa: the wine industry would be most affected

Kenya: no impact, when there is China

publicenemy:
Daivd Cameron is the worst person to hold the position of a Prime Minister in any country.

AreaFada2:
Lol. Actions do often have unintended consequences. What was meant to spite EU could end up splitting UK. I doubt if anyone would have much sympathy if that happen.

ForeverYoung197:




How you could come up with all of these? Are u a columnist or a commentator maybe?

NIGERIA
Nigeria: bad timing
Britain’s exit from the EU couldn’t have come at a worst time for Nigeria, Africa’s largest economy. At a time when the government is trying to fix an economy on the brink of a recession by removing strict currency controls and also liberalizing oil prices, the immediate effect of Brexit will test the nerves of Nigeria’s economic managers as global markets plummet.


Bilateral trade between Nigeria and the UK,currently valued at £6 billion(about $8.3 billion) and projected to reach £20 billion by 2020, will be disrupted as trade agreements made under the auspices of the EU have to be renegotiated.


“For Nigeria, global risk aversion as well as a softer oil price is likely to mean that new portfolio inflows are slow to materialize,” says Khan. “This may delay the normal functioning of the newly liberalized FX market.


”Data from the National Bureau of Statistics shows that the UK was Nigeria’s largest source of foreign investment in 2015.A slowing British economy and its reverberating effects could signal a drop in investment, trade, and also remittances from the Nigerian diaspora who sent home $21 billion in 2015.Reduced trade and investment from Britain willnot necessarily be plugged by the rest of the EU, say Lagos-based economist Tunji Andrews.

“The EU will be looking to strengthen it’s internal ties, plus there’s cheaper oil from Iran, cheaper labor from China and the eastern block.

There’s really nothing we have as a competitive advantage to them right now.”Brexit is already fueling other independence campaigns. Within hours of the vote, leaders in France and Holland, Italy and Denmark called for their own referendums on leaving the EU. This sentiment is shared in southeast Nigeria as well, where government forces have spent much of the past year quelling violent protests by activists advocating for the secession and establishment of an independent country called Biafra. Having already called for a referendum earlier in the year, pro-Biafra activists may now be further emboldened.

nijanigga:
So Nigerians in diaspora sent $21 billion in 2015 that's more than half what Nigeria's govt will spend in 2016,if they stop sending money back home, the people will have no choice than to revolt and stand up against any form of corruption, most of them are spoiled with free hard currencies.

greenpasture:


I disagree with this report although I think your posting was apt.

The report is written from a portfolio managers point of view and it is extremely short term in scope. Brexit means more trade with Africa not less. The UK is going to take a hit of between 50-65 billion on an annual basis. This funding gap has to be replaced. Where? The old Commonwealth sounds like a good place to start. In the past this body was more like a tea party/ photo op but it does have the architecture to be much more. If the UK is no to shutter factories and lower production it must find new markets and strike new trade deals.

Trade deals that are now free of the influence of EU policies and restrictions.

On a personal basis I think Brexit will hurt Britain in the short run. It has to find new trade deals to fill the gap and it won't find them in China. It will want to leverage on its old relationships and the Commonwealth represents a great outlet.

Fund managers think equity and bond investments. They also think grants and concessionary loans. I am talking about investment into the real sector. The real place Africa needs it.

mccoy47:
Wetin concern Britain with us?

damilove:


You're very funny. Do you think the queen would back anything that would have long run negative effects on the UK? Think again!

I changed my mind about how I wanted to vote yesterday morning, but I won't tell you which side I took eventually

martineverest:
they(scotts) had referendum last year to leave uk,but they didnt succeed...this is an opportunity to fulfil their dreams...both northen ireland and scotland voted to remain in eu,but the vote went against their wish....they are likely going to break off,since they want to remain in eu.

guiddoti:
Bro nothing will happen to us here, just that UK is about to fall as first Scottish minister is planning for second referendum for independent state.

AreaFada2:

Quite possible. Boris Johnson who will be next prime minister will do everything possible to avoid another Scottish referendum.

He will do so by delaying actually Brexit. To make the term of current SNP govt in Scotland run out. He will hope that such a new referendum cannot be pushed through by a hopefully weakened SNP govt post election.

He will gamble that Labour Party will take some seats from SNP in Scottish parliamentary election.

The whole strategy of the English to keep Scotland in UK will start in earnest and it will cut across all parties.