The Editorial Team |

Africa urged to focus on green investments in energy for a recovery from COVID-19

LAGOS (Capital Markets in Africa) – African countries should focus on green investments in energy for a green recovery in the aftermath of the deadly coronavirus pandemic, William Lugemwa, Director of the Private Sector Development and Finance Division at the Economic Commission for Africa (ECA) said Sunday, adding placing investments in sustainable energy among the central recovery goals was critical. In remarks during a side event at the 53rd Session of the Commission and 2021…

Africa Weekly Equity Market Commentary – March 19, 2020

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LAGOS (Capital Markets in Africa) – Overall sentiment on African equity markets was bearish. Among the markets we cover, 10 of them retreated this week – some of them, severely – while 6 advanced and one remained flat. Kenya led the pack as equities in Nairobi jumped 3% and are up 9.75% so far this year. Conversely, Namibian equities lost 6.69% over the 5-day period but remain up 8.25% YTD. West Africa BRVM – Bulls set the tempo on…

Spot the Dot – Rupert Thompson, Chief Investment Officer at Kingswood

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LONDON (Capital Markets in Africa) – Equity markets slipped back a little last week following their recovery over the previous two weeks. But it is government bonds, rather than equities, which remain the real focus of attention at the moment. If there is one variable market strategists are obsessing over at the moment, it is the 10-year US Treasury yield. It rose further last week to 1.73% and is now up as much as 0.82%…

Deutsche Post DHL Group decides on Science Based Targets and invests EUR 7 billion in climate-neutral logistics until 2030

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LAGOS (Capital Markets in Africa) – New sustainability roadmap defines ambitious sustainability targets; group decides on “Science Based Targets” and aims to reduce greenhouse gas emissions in line with the Paris Climate Agreement; to this end, the Group will invest EUR 7 billion in climate-neutral logistics by 2030; by 2030, 80,000 e-vehicles shall be deployed for last-mile deliveries, resulting in 60% electrification of the fleet; management Board compensation to be linked to new sustainability roadmap;…

What Happens when a Slot Game is Discontinued?

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All good things must come to an end, so they say – and sadly that is just as true of slot games as anything else. TV shows can be axed, books can be removed from publishers’ lists, and slot games can be discontinued, just like unwanted dishes on a restaurant menu – discover here. But what does this mean, and is there anything you can do if your much-loved slot game has been brought to…

3 Genie Wishes

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Get something everybody wants with 3 Genie Wishes. Who wouldn’t love to conjure up a genie from a bottle and get all their wishes granted at request. This magical gaming experience takes you through a wonderland as you play alongside all of your favourite child hood characters – including a wizard. Of the characters ramping up the reels, along with the evil wizard you’ll come across the iconic Aladdin with his monkey and parrot and…

Angola’s Potential $6.4 Billion Sonangol Stake Draws Gemcorp

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LUANDA (Capital Markets in Africa) — Angola can expect interest from Gemcorp Capital LLP, a firm already invested in the nation’s energy sector when it offers a potential 30% stake in oil company Sonangol EP. Under President Joao Lourenco, one of Africa’s biggest oil-producing nations has implemented reforms in recent years to draw investment and mitigate a decline in output. The process is at an early stage, but Sonangol has estimated the value of the stake…

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