South Africa’s Gigaba Calms investor fears pledging accelerated and “inclusive growth” for the Investment Community

South Africa’s Gigaba Calms investor fears pledging accelerated and “inclusive growth” for the Investment Community

JOHANNESBURG (Capital Markets in Africa) – South Africa’s finance minister has sought to allay investor fears over his pledge of “radical economic transformation”, toning down the rhetoric just over a month into the job to talk more of “inclusive growth”. Malusi Gigaba, appointed after President Jacob Zuma sacked his predecessor Pravin Gordhan in a move that rattled markets, has backed Zuma’s aim of redistributing wealth to poor blacks. While investors want the ruling African National…

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Ghebreyesus Becomes First African Head of the World Health Organisation (WHO)

Ghebreyesus Becomes First African Head of the World Health Organisation (WHO)

GENEVA (Capital Markets in Africa) – Ethiopia’s Tedros Adhanom Ghebreyesus won the race to be the next head of the World Health Organisation (WHO) on Tuesday, becoming the first African to lead the Geneva-based United Nations agency.  The former health minister and foreign minister, who vowed to make universal health care his priority, won over half the votes from 189 member states in the first round and prevailed in a third-round ballot against Britain’s David…

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Nigeria’s Senate Passes Long-awaited Oil Governance Bill To Improve Transparency and Stimulate Growth

Nigeria’s Senate Passes Long-awaited Oil Governance Bill To Improve Transparency and Stimulate Growth

ABUJA (Capital Markets in Africa) – As Nigeria’s Oil Minister  Emmanuel Ibe Kachikwu spoke to journalists at the meeting of the Organisation of Oil Petroleum Exporting Countries OPEC in Vienna Thursday, Nigeria’s Senate passed a long-awaited oil governance bill which the president of parliament’s upper chamber said would improve transparency in the OPEC member’s energy industry and stimulate growth in the sector. The Petroleum Industry Governance Bill is one part of proposed reforms that make up the sprawling…

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OPEC, non-OPEC Extend Cuts in Oil Output by Nine Months to battle Global Oil glut

OPEC, non-OPEC Extend Cuts in Oil Output by Nine Months to battle Global Oil glut

LAGOS (Capital Markets in Africa) – OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. Oil prices dropped more than 4 percent <LCOc1> as the market had been hoping oil producers could reach a last-minute deal to deepen the cuts or extend…

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Transforming African economies through Pension Funds and Alternative Investments

Transforming African economies through Pension Funds and Alternative Investments

Capital Markets in Africa, Mauritius, February 2017: Only one month remains until industry stakeholders meet at the Pension Funds & Alternative Investments Africa Conference (PIAFRICA), taking place on the 15 – 16 March at the Intercontinental Resort, Balaclava, Mauritius. Mauritius has a real GDP growth of 3.4% and access to 26% of the world’s population via air and sea networks, a range of investment promotion and protection agreements and bilateral double taxation avoidance agreements, making…

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Barrow Sworn in as Gambian President as Ex-Leader Seeks Deal

Barrow Sworn in as Gambian President as Ex-Leader Seeks Deal

BANJUL (Capital Markets in Africa) – Adama Barrow was sworn into office as the president of Gambia at a ceremony in neighboring Senegal as mediators sought to negotiate an amnesty deal with the outgoing leader to stave off military intervention by West African states. Barrow, 51, decided to take his oath at the Gambian embassy in the Senegalese capital, Dakar, after Yahya Jammeh, who lost the presidential election, refused to leave office and called for new elections….

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Returning in April, the Continent’s only Pan-African Debt Event

Hosted by GFC Media Group and officially supported by South Africa’s National Treasury, the prestigious Bonds, Loans & Sukuk Africa event, designed to bring together key borrowers, issuers and investors, returns for the 6th edition on the 5th & 6th of April 2017, at the Cape Town International Convention Centre.  Following on from a volatile 2016 which included Brexit, Trump and significant movement in currencies across the continent, the Bonds, Loans & Sukuk Africa 2017…

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