Author: The Editorial Team

HARARE (Capital Markets in Africa) — Zimbabwe’s central bank plans to sell a majority stake in the southern African nation’s sole gold-buying firm in a bid to boost compliance with the trading of the precious metal. Fidelity Printers and Refiners will be split in two, with 60% of its gold-refining business sold to private investors, the Reserve Bank of Zimbabwe said in an emailed statement. The central bank would retain a 40% stake, plus full ownership of…

LONDON (Capital Markets in Africa) — Prime Minister Boris Johnson’s last-ditch plea for European Union leaders to step in and salvage the bloc’s faltering trade negotiations with the U.K. was frustrated when summit talks overran on Thursday night, pushing Brexit to the fringes. The meeting of the EU’s 27 government chiefs in Brussels went through the night as they tussled over tough new climate targets. Leaders, including those crucial to the U.K. talks, like German…

CASABLANCA (Capital Markets in Africa)  — President Donald Trump said Morocco and Israel agreed to establish full diplomatic relations and that he was recognizing Morocco’s sovereignty over the disputed region of Western Sahara. The Western Sahara issue was long seen as a sticking point in getting Morocco to join with countries including the United Arab Emirates, Bahrain and Sudan in recognizing Israel. Taken with the earlier agreements, Thursday’s announcement helps bolster Trump’s efforts to reshape…