Author: The Editorial Team

NEW YORK (Capital Markets in  Africa) — Treasury Secretary Steven Mnuchin made a surprise re-entry into talks on a 2020 pandemic-relief package with a $916 billion proposal that opened a potential new path to a year-end deal despite objections from Democrats over elements of the plan. After largely leaving the task to Senate Majority Leader Mitch McConnell since Election Day, Mnuchin pitched a $916 billion stimulus plan to House Speaker Nancy Pelosi in a Tuesday afternoon telephone call, more…

ACCRA (Capital Markets in Africa) — Ghanaian opposition leader John Mahama accused the ruling party of using the military to alter the results of Monday’s election. The government denied the allegation. Claims of election rigging are unusual in Ghana, Africa’s top gold producer and one of the continent’s most stable democracies. In the last vote in 2016, Mahama conceded defeat to President Nana Akufo-Addo before a final tally was announced. Ghana’s electoral commission said it’s delayed the release of…

LAGOS (Capitals in Markets in Africa) — There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with lawsuits and governments scrambling to head off more pain. At the core is the reality that the global non-life insurance industry’s $2 trillion in the capital won’t last in a…

NEW YORK (Capital Markets in Africa) — Joe Biden will be one formal step closer to the presidency after Tuesday’s deadline for states to certify their slates of electors to the Electoral College — locking in the names of the people who will formally vote to make Biden the president. Once that happens, there’s little turning back. Congress must by law accept those electors if there’s no outstanding litigation, and President Donald Trump’s legal challenges have…