The Editorial Team |

African Union Secures 300 Million Doses of Sputnik V Vaccine

LAGOS (Capital Markets in Africa) — The African Union has secured 300 million doses of Russia’s Sputnik V Covid-19 vaccine. The shots will be available for 12 months starting in May, the AU said in a statement on Friday. Finance has been arranged for countries that want to purchase the vaccine. The deal adds to the 270 million doses the AU has arranged to get from Johnson & Johnson, Pfizer Inc. and AstraZeneca Plc. “African…

South Africa Vaccine Program Seen Slower After Astra Setback

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) — A top coronavirus adviser to South Africa’s government expects a slower vaccine roll-out than what has been officially mapped out. The start of the program was delayed this month after studies showed AstraZeneca Plc’s shot, the first to arrive in South Africa, provided little protection against mild forms of the disease caused by a variant of the virus identified late last year. The government is targeting inoculating about 67%…

Banks, Fund Manager Push to Solve $32 Billion Eskom Debt Crisis

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) — Nedbank Group Ltd. is leading discussions to restructure South African power utility Eskom Holdings SOC Ltd.’s 464 billion ($32 billion) debt load, according to people familiar with the talks. The parties met in recent days, and one of the options is to transfer at least 100 billion rand of debt to a special-purpose vehicle that would be overseen by the Public Investment Corp., Africa’s biggest fund manager, the people said….

Is PayPal Stock A Buy Right As Bitcoin Surges?

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – PayPal is the largest digital platform that provides money transfer services. The fast-growing company remains one of the top stocks in today’s stock market. But is PayPal stock a buy in the current stock market rally? PayPal Stock Fundamental Analysis: A Strong Track Record PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010. In that year, it earned a mere 29…

First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Bitcoin was lower after surging on Wednesday to a new all-time high price above $52,000, while ether topped $1,900 for the first time, pushing toward the psychologically crucial $2,000 mark. “My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” Rick Rieder, head of…

Barclays Cautions on Outlook as Trading Beat Fuels Buyback

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) — A strong end to the year for Barclays Plc traders helped the British lender deliver a share buyback and a return to dividends even as the bank said the outlook for 2021 remained uncertain. The London-based firm’s securities division reported a better-than-expected 45% rise in market revenue for the year, the biggest trading jump among major global investment banks. But the pandemic continued to slam the bank’s lending businesses,…

Apple Hiring Engineers to Develop 6G Wireless

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) — Apple Inc. launched its first iPhones with 5G wireless speeds a few months ago. Now it’s looking to start work on sixth-generation cellular connectivity, or 6G, indicating it wants to be a leader in the technology rather than relying on other companies. The Cupertino, California-based company this week posted job ads seeking wireless system research engineers for current and next-generation networks. The listings are for positions at Apple’s offices…

« 1 … 115 116 117 118 119 … 1,072 »