Yvonne Mhango | |
---|---|
Born | 1979 (age 45–46) |
Nationality | Malawian |
Alma mater | University of Cape Town (Bachelor of Business Science) (Master of Business Science) |
Occupation | Economist |
Years active | 2005 — present |
Known for | Economic analysis and forecasting |
Title | Sub-Saharan Africa Economist Renaissance Capital |
Yvonne Mhango is a Malawian economist. She is the economist for Sub-Saharan Africa at Renaissance Capital. [1] [2]
She attended Saint Andrews International High School in Blantyre, Malawi, where she studied Mathematics, Geography and Economics at A-Level, from 1996 until 1998. She was then admitted to the University of Cape Town in 1999, graduating with a Bachelor of Business Science in 2002. From 2003 until 2004, she studied at the same university, graduating with a Master of Business Science. [3]
From 2005 until 2008, Mhango was an economist at Standard Bank of South Africa. In June 2008, she became the head of economic research for Africa at Standard Bank, serving in that capacity until November 2010. Since November 2010, she has been the economist for sub-Saharan Africa at Renaissance Capital. [1] [3]
In June 2016, following the Central Bank of Nigeria's decision to allow the niara to freely float against other currencies, Mhango said that floating the naira freely would "release a pressure valve for the economy", which would in turn "see the economy beginning to thaw and green shoots emerge possibly as soon as a year from now". [4] Mhango, with others had correctly predicted such a devaluation in the naira, following the flotation of the Kazakhstan currency in August 2015. [5]
In October 2016, Mhango and other economists at Renaissance Capital said that the Kenya Shilling was about 20 percent overvalued and that this was hurting Kenya's exports to other countries in the region. [6]
Yvonne Mhango is a co-author of the book The Fastest Billion [usurped] , about Africa's economic revolution. [7]
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services, agriculture, real estate, manufacturing, logistics, tourism, retail and energy. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, behind Nigeria and South Africa. Regionally, Kenya has had a stronger and more stable economy compared to its neighboring countries within East Africa. By 2023, the country had become Africa's largest start-up hub by both funds invested and number of projects.
The naira is the currency of Nigeria. One naira is divided into 100 kobo.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people were living in 53 countries in Africa. Africa is a resource-rich continent. Recent growth has been due to growth in sales, commodities, services, and manufacturing. West Africa, East Africa, Central Africa and Southern Africa in particular, are expected to reach a combined GDP of $29 trillion by 2050.
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The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original intention to work through commercial banks in activities involving consumer lending.
The Central Bank of Kenya (CBK) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
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Caroline Wanjiku Mugane is an attorney and investment banker in Kenya, the largest economy in the East African Community. She is the managing director of Fedha Connect Limited, a company that raises capital for businesses in agribusiness, real estate, oil and gas. She is a member of the board of directors of Kenya Airways, the national airline. She has previously served on the boards of Equity Bank, East African Breweries, and Standard Securities.
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Yvonne Ndege is an international journalist, and media and communications professional. She started her career at the British Broadcasting Corporation, as a graduate trainee in London, United Kingdom.
Stella Kilonzo is a Kenyan accountant and business administrator. She is the immediate past Chief Executive Officer of the Capital Markets Authority (Kenya). She was appointed to that position in July 2008, and she voluntarily stepped down at the end of her renewable four-year term in June 2012. She currently serves as manager of the financial sector development division, at the African Development Bank. She was appointed to that position in December 2013.
Patrick Ngugi Njoroge is a Kenyan economist, banker and the ninth governor of the Central Bank of Kenya.
Paul Murithi Muthaura is a lawyer and administrator in Kenya. He is the immediate former Chief Executive of the Capital Markets Authority (Kenya). He was appointed to that position on 22 April 2016, retroactive from 2 January 2016. Prior to that, he served in the same position, in an acting capacity since July 2012, following the resignation of Stella Kilonzo, in June 2012.
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