The Editorial Team |

South Africa Outlook Hinges on Virus and Restrictions, SARB Says

JOHANNESBURG (Capital Markets in Africa) — South Africa’s near-term economic outlook is highly dependent on the development of the coronavirus pandemic and the extent of restrictions on business activity to limit the spread, the Reserve Bank said. The government implemented a strict lockdown to curb the virus on March 27. For five weeks, almost all activity, except essential services, were shuttered and most citizens were only allowed to leave their homes only to buy food,…

Africa Still Needs $44 Billion in Virus Funds to Be Financed

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LAGOS (Capital Markets in Africa) — Of the more than $110 billion in additional funding that sub-Saharan Africa will need this year to fight the coronavirus pandemic, $44 billion has not been financed yet even after several countries have taken up emergency loans and debt-service relief initiatives, according to the International Monetary Fund. The funding needs persist despite the IMF approving debt-service relief for 21 sub-Saharan African countries for an initial six-month phase ending mid-October…

Kenyan Economy to Shrink For First Time in 27 Years, IMF Says

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NAIROBI (Capital Markets in Africa) — Kenya’s economy will contract for the first time in almost three decades, according to the International Monetary Fund. The lender now sees gross domestic product shrinking by 0.3% in 2020, compared with an April projection of 1% growth, according to a regional economic outlook update published Monday. That will be the first annual contraction since 1993. The economy will expand 4% next year, the IMF said, down from 6.1% projected two…

Sasol’s Mozambique Pipeline Sale to Receive Binding Bids in July

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MAPUTO (Capital Markets in Africa) — Sasol Ltd. expects binding bids within weeks for its stake in a natural gas pipeline running from Mozambique to South Africa, as the company accelerates asset sales to pay off debt, according to people familiar with the process. The bidding round underway for the Rompco 865-kilometer (537-mile) gas pipeline stake concludes in late July, according to two of the people who asked not to be identified because the information…

Panicked Investors Inundate Brokers After Zimbabwe Shuts Bourse

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HARARE (Capital Markets in Africa) — Stockbrokers in Zimbabwe are struggling to explain to investors what’s happened to their money after the government shut down the stock exchange. The Zimbabwe Stock Exchange announced Sunday it suspended trade to comply with a directive issued by the Information Ministry late Friday that the bourse close. It’s the latest in a series of measures the government has implemented to try and stabilize the nation’s currency. Traders have been…

Tech Advancements in the Slot Industry during the 20th Century

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LONDON (Capital Markets in Africa) – During the 20th century, many advancements occurred that you may not already know about. This has ranged from what the slots machines looked like in their initial appearance to the fact that they were not always games that could help you to win cash prizes. Finding out how these fun and much-loved casino games at www.666casino.com started is a great way for us to learn just how far they…

The Rise of Cryptocurrency – the Future of Online Casino?

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LONDON (Capital Markets in Africa) – Playing at an online casino is a thrilling experience, and it’s an experience which has been made all the more accessible due to the rise of multi-platform optimisation. In addition, cryptocurrency has made way for more of us to play casino games safely, and nobody can argue cryptocurrency payments at an online casino at www.slotzo.com isn’t the most secure payment method. Throughout the history of slots and other casino…

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