The Editorial Team |

Kenyan Lender Urges Tougher Bank Rules to Force More Deals

NAIROBI (Capital Markets in Africa) – A Kenyan lender formed out of a takeover last year is urging the central bank to increase safety buffers to drive more takeovers in East Africa’s biggest economy. Raising minimum capital requirements as much as tenfold to 10 billion shillings ($99 million) will “force marriages” between lenders too afraid of the risks that come with mergers and acquisitions, said NCBA Group Plc Chief Executive Officer John Gachora. With over…

Nigeria Faces Challenges of Politicking, Rising Debt in 2020

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LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari is due to complete his second and final four-year term in 2023 and the battle over who will succeed him is already heating up, placing further pressure on an already strained economy. Buhari has thus far shied away from endorsing his deputy, Yemi Osinbajo, for the position, twice slighting him by opting not to transfer power to him while traveling abroad. That may diminish his chances of securing…

Five essential features for an online broker to help with your trading

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LAGOS (Capital Markets in Africa) – If you are looking for a reliable online broker, you need to conduct your research before choosing. In the following post, we have compiled a guideline for you to adhere to while searching for the right online trading expert like the TD Ameritrade online stock brokerage. About the account minimum Look for a $0 minimum account while opening up the IRA or the brokerage accounts. This makes it economical…

Megatrends in Africa: Population, Climate, Urbanisation, Migration, Technology and Democracy

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LAGOS (Capital Markets in Africa) – In 2019, the Department for Africa and the Middle East of the Ministry for Foreign Affairs of Finland published a Megatrend in Africa report. The trends ultimately considered as “megatrends” depends on the definition of a megatrend. In this instance, the Department for Africa and the Middle East defined six major trends in Africa as megatrends: population growth, climate change, urbanization, migration, technological development, and democracy trends. Megatrends…

Unilever Slumps as New CEO Faces Slowest Growth in a Decade

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LAGOS (capital Markets in Africa) – Unilever slumped after Chief Executive Officer Alan Jopebacked away from his predecessor’s growth targets as consumers around the world jilt mainstream brands. The maker of Ben & Jerry’s ice cream and Dove soap said sales gains will be slightly below guidance for 2019 and in the lower half of its expected range in 2020. The stock fell as much as 6.6% in Amsterdam on Tuesday, the steepest intraday decline in almost…

Morocco Extends Rate Pause to Near 4 Years After Easing Nod

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LONDON (Capital Markets in Africa) – Morocco’s central bank held its interest rates steady, opting against ending a nearly four-year freeze even after King Mohammed VI called on lenders to open their taps for businesses. A decision on Tuesday kept the benchmark rate at 2.25%. It’s a surprise because the central bank started to shift toward monetary easing in September by lowering mandatory reserves for lenders, a measure that unlocks liquidity and could revive the flow of credit…

Pound Traders Give Thumbs Down to Johnson’s New Brexit Strategy

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LONDON (Capital Markets in Africa) – The mandate for Boris Johnson’s Brexit strategy came from the ballot box. It is not winning a vote of approval in the global currencies market. The pound slumped by the most since January after the prime minister announced plans to set a Brexit deadline of December 2020 with or without a trade deal between the U.K and the European Union. The renewed prospect of a disorderly withdrawal from the…

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