The Editorial Team |

Johnson and Barnier Clash Over Who Sets Rules for Brexit Trade

LONDON (Capital Markets in Africa): The Brexit battle between the U.K. and the European Union resumed as British leader Boris Johnson clashed with the bloc’s chief negotiator Michel Barnier at the start of 11 months of talks on a future trade deal. The pound fell. Barnier said in Brussels that a “highly ambitious” trade deal is on offer for the U.K. — but only if Johnson signs up to strict rules to prevent unfair competition. Speaking minutes later in London, Johnson rejected Barnier’s…

Trump Administration Clears Way for New Currency Tariffs

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NEW YORK (Capital Markets in Africa): The Trump administration is going ahead with controversial new rules that would clear the way for the U.S. to start applying punitive tariffs on goods from countries accused of having undervalued currencies, the Commerce Department said Monday. The move would give new muscle to U.S. complaints about currency manipulation that have in the past targeted economies like China and Japan and thus turn the more than $6 trillion-a-day global…

Sudan Leader Moves Toward Recognizing Israel in Historic Shift

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SUDAN (Capital Markets in Africa): Sudan’s military leader met Israeli Prime Minister Benjamin Netanyahu and agreed to work toward normalizing relations, in what would be a historic step for the Arab League member that’s never officially recognized the Jewish state. The surprise meeting between Netanyahu and Abdel Fattah al-Burhan, the head of Sudan’s sovereign council, came Monday at the end of a visit by the Israeli leader to Uganda that was part of his latest drive to build…

Impeachment Vote Dilemma Traps Senate Moderates of Both Parties

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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…

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