The Editorial Team |

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

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

Posted on by The Editorial Team

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

Posted on by The Editorial Team

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…

With Brexit Done, Trump Sets Himself Up to Be Disruptor Again

Posted on by The Editorial Team

LONDON (Capital Markets in Africa)- Donald Trump has spent the past four years lobbying unsolicited advice at British prime ministers on the best path forward for an exit from the European Union and holding out promises of a grand new trans-Atlantic trade alliance. Now that Brexit is official, though, Trump gets to really double down on a role he relishes: that of the geopolitical disruptor. Just as Prime Minister Boris Johnson wants to use talks with the…

Brexit Battle Returns With U.K. and EU Sparring Over Trade

Posted on by The Editorial Team

LONDON (Capital Markets in Africa)- The U.K. and the European Union begin their battle over a future trade deal on Monday, setting up 11 months of negotiations that risk ending in economically damaging failure at the end of the year. In a major speech in London, Prime Minister Boris Johnson will threaten to walk away from talks with the EU rather than accept demands from Brussels to sign up to the bloc’s single market regulations and the rulings of…

What to Watch in Commodities: Virus, Oil, Glencore, Arcelor, Ags

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Commodities took a heavy beating in January as the virus outbreak spurred across-the-board concerns about demand, and that focus will persist right through this week. Markets in China reopened on Monday, with most raw materials posting steep losses. For global prices, Citigroup Inc. now reckons Brent could soon go sub-$50 a barrel. For the latest, click here. On top of the health emergency, there’s a crowded corporate docket. In Europe, top steelmaker ArcelorMittal reports earnings on…

China Blasts U.S. for Virus ‘Overreaction,’ Spreading Fear

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – China said the U.S. “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The U.S. government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial withdrawal of its embassy staff, and the first to impose…

« 1 … 210 211 212 213 214 … 1,072 »