Author: The Editorial Team

TRIPOLI (Capital Markets in Africa) – Libya’s feuding leaders are holding talks in Moscow on Monday to sign a more lasting truce agreement after Russia and Turkey seized the initiative to try to end a conflict that was rapidly devolving into a proxy war. The country’s United Nations-backed prime minister, Fayez al-Sarraj, and eastern military commander Khalifa Haftar are at the negotiations held under the auspices of the foreign and defense ministers of Russia and…

LONDON (Capital Market in Africa) – What’s behind the ongoing move from globalization to localization? Continued automation, national security concerns, nationalist political pressures, tariff walls, and diminished tax arbitrage, recovering the tacit/embedded knowledge in outsourced supply chains, the heavy carbon footprint of traded goods/services, flattening transport costs, the reduced provision of trade finance, and the tendency of aging societies to consume services. The “trade/tech war” only exacerbates this trend. 1) We think EMs – the…

JOHANNESBURG (Capital Markets in Africa): The African Continental Free Trade Area agreement (AfCFTA) will constitute the world’s largest free trade area, consolidating an integrated market of 1.3 billion consumers with a combined gross domestic product (GDP) of approximately $3.4 trillion.  The objective is to realise a continent-wide single market for goods and services with free movement of business, persons and investments. The AfCFTA envisions to expand intra-African trade and intensify regional integration by successively eliminating…