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Iran Retaliates With Missile Strike on U.S.-Iraqi Bases

LAGOS (Capital Markets in Africa) – Iran fired more than a dozen missiles at U.S.-Iraqi airbases, a direct attack on American forces in the region that risks further action from President Donald Trump after a U.S. airstrike killed top Iranian general Qassem Soleimani last week. The Islamic Revolutionary Guard Corps claimed responsibility for the barrage, which the Pentagon said was launched from Iran, and warned that additional operations were being prepared. At the same time, there were…

Citi’s Investment Bank Plans to Hire 2,500 Coders This Year

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NEW YORK (Capital Markets in Africa) – Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the business. Roughly three-quarters of the company’s trade orders last year were electronic, according to Stuart Riley, global head of operations and technology for the bank’s Institutional Clients Group. The ICG arm will add programmers in locations from New York to…

Soleimani Killing Leaves Trump’s Mideast Strategy in Tatters

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NEW YORK (Capital Markets in Africa) – U.S. President Donald Trump and his top aides spent the weekend arguing that the killing of Iranian General Qassem Soleimani would deter future attacks and make the Middle East safer. Instead, U.S. policy in the region seems to be going in the opposite direction of what Trump has long promised — with more U.S. troops going in, not fewer; an Iran defiant, not cowed and broken by sanctions; and regional allies giving…

Takeaway Nears Final Victory in $8 Billion Just Eat Battle

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LAGOS (Capital Markets in Africa) – Takeaway.com NV is set to declare final victory in the five-month takeover battle for U.K. food-delivery company Just Eat Plc, people with knowledge of the matter said. Investors holding more than half of Just Eat stock have indicated they’ll agree to Takeaway’s all-stock bid, which values the company at about 6 billion pounds ($7.8 billion), according to the people. The preliminary tally includes those who plan to formally tender in…

Kenyan Lender Urges Tougher Bank Rules to Force More Deals

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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…

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