Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa) — The new coronavirus strain that emerged in South Africa is even more problematic than a mutated form that prompted new lockdowns across much of the U.K., health authorities said on Monday. “I’m incredibly worried about the South African variant,” U.K. Health Secretary Matt Hancock said on BBC radio Monday, citing a conversation over the Christmas holiday with his counterpart in South Africa. “One of the reasons they know they’ve got a…

ACCRA (Capital Markets in Africa) — The first consignment of Ghanaian shipments to the U.K. to face post-Brexit tariffs docked at Portsmouth last night, including 185 metric tons of bananas, the majority of which were so-called Fairtrade. Because Britain and the European Union reached a trade deal so close to the divorce transition deadline of Dec. 31, some other “continuity” deals — those intended to roll over the terms of trade the U.K. enjoyed as…

LAGOS (Capital Markets in Africa) — Universal Music Group Inc. is bolstering its presence in Africa, where streaming and other forms of music distribution are relatively underdeveloped. The firm, majority-owned by Vivendi SA, plans to build up operations in countries including Nigeria, Ghana and Kenya in 2021, according to the company’s newly appointed regional chief executive officer, Sipho Dlamini. Universal also has an office in Ivory Coast to oversee French-speaking countries, alongside a base in…

JOHANNESBURG (Capital Markets in Africa) — South African medical insurance companies, business organizations, and the government are developing a program in which the private sector will help fund Covid-19 vaccines for people not covered by insurance. Legislation has been amended to allow the companies to fund shots for people who don’t have medical insurance and talks are now focused on the number of those who may benefit, said Stavros Nicolaou, head of the Health Workgroup for B4SA,…

NEW YORK(Capital Markets in Africa) — Republicans won four House races in California in congressional districts carried at the presidential level by Joe Biden, according to a Bloomberg Government analysis of precinct-level results. The split-ticket victories last month, which have become relatively rare in recent elections, allowed the GOP to claw back some of its sharp losses from 2018. Three of the seats were held by a Democrat, and the fourth Republicans first won in…