The Editorial Team |

Impeachment Vote Dilemma Traps Senate Moderates of Both Parties

NEW YORK (Capital Markets in Africa) – The biggest mystery left in Donald Trump’s inevitable impeachment acquittal is whether any Democrats will join Senate Republicans to give him a bipartisan vote to clear him of the House’s charges. Democratic senators who represent Trump-leaning states have to decide whether they will buck their party on what could be the most important vote before the November elections and risk alienating voters who like the president. The most vulnerable…

Tesla’s $50 Billion Edge Reflects View Musk Can Build on EV Lead

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NEW YORK (Capital Markets in Africa) – For a few tumultuous years, Tesla Inc. gave the bulls reason to believe and bears reason to doubt. Sure, Elon Musk was pulling off what legacy automakers tried and failed to do — make electric cars cool — but he was presiding over an inexperienced enterprise, and the old guard would catch up. As Tesla observers try to understand how and why the stock has tripled in a little more than three…

Growing Solar in Africa

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Cape Town, 4th February 2020; Africa’s move towards solar energy is rapidly underway. Many African nations have employed solar energy as a solution to tackling climate change, keeping abreast of their development and ensuring food security. Extensive research from some of the world’s most renowned energy experts has elucidated that no other energy source, including hydro and wind, can provide power and have an impact as sustainable, reliable, and efficient as solar. According to industry…

Ramaphosa Says Recovery to Come by Staying the Course on Reform

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JOHANNESBURG (Capital Markets in Africa)- South African President Cyril Ramaphosa defended his track record on reform and said policy measures being implemented by the government will yield stronger economic growth in time. Ramaphosa, 67, is facing a growing chorus of criticism that he’s taking too long to reverse nine years of misrule by his predecessor Jacob Zuma that hobbled the economy. The state’s inability to undertake reforms has been constrained by infighting over policy direction within the ruling African…

Ghana’s Eurobond Costs May Ease if Gabon’s Deal Is Any Guide

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ACCRA (Capital Markets in Africa)- Ghana’s government, which is poised to sell as much as $3 billion in Eurobonds this week, would have drawn comfort for a successful deal by Gabon that showed demand for Africa’s high-yielding hard-currency debt remains strong. The West African country is concluding a series of meetings with international bond investors on Monday. Gabon issued $1 billion of securities on Thursday at a yield on the lower limit of the price-guidance range, even…

Egypt, Ethiopia to Sign Nile Dam Agreement by End of February

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CAIRO (Capital Markets in Africa)- Egypt and Ethiopia will sign a final agreement on the schedule for filling a reservoir on the Nile River by end of February, which would potentially ease tensions between two of the U.S.’s African allies over the use of crucial water resources. The accord that includes mutual neighbor Sudan will spell out filling mechanisms in relation to the Grand Ethiopian Renaissance Dam in drought, prolonged drought and prolonged periods of…

Pound Slumps Before Start of Tough Brexit Trading Negotiations

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LONDON (Capital Markets in Africa)- The pound is back in the doldrums as concerns about a chaotic Brexit at the end of the year loom into view. Sterling fell more than 1% to lead losses among Group-of-10 currencies, as traders brace for British Prime Minister Boris Johnson to threaten to walk away from talks with the European Union rather than accept demands from Brussels to sign up to the bloc’s single market regulations. The EU’s chief negotiator Michel Barnier is also…

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