Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Cyril Ramaphosa’s plans to overhaul the energy industry have some way to go before they provide answers to the nation’s crippling power shortages. Africa’s most industrialized nation has been roiled by rolling blackouts since late 2005, a legacy of state power company Eskom Holdings SOC Ltd.’s failure to adequately maintain its plants and invest insufficient new ones. In his state-of-the-nation address on Thursday, Ramaphosa announced a raft…

LONDON (Capital Markets in Africa) – Social media giants including Facebook and Twitter face the threat of fines if they fail to take down harmful content such as images of child abuse and material inciting violence, under a crackdown launched in the U.K. The government is “minded” to give broadcast regulator Ofcom a role as internet watchdog, Culture Secretary Nicky Morgan and Home Secretary Priti Patel said on Wednesday. The proposals are yet to be fleshed out in detail, but the…

LONDON (Capital Markets in Africa) – BP Plc pledged to achieve net-zero emissions from its own oil and gas operations and production by 2050 while halving the carbon intensity of all the products it sells, as its new boss sets out his vision for the future. London-based BP became the latest fossil fuel giant to set out an ambitious, yet rather distant, the target for curbing emissions of planet-warming gases. The announcement from incoming Chief…