The Editorial Team |

Teva, Drugmakers in Talks With U.S. to End Generics Probes

NEW YORK (Capital Markets in Africa) – Teva Pharmaceutical Industries Ltd. and other generic drugmakers have held talks with the U.S. Justice Department in the past six months about resolving a long-running criminal antitrust probe of alleged price-fixing by the companies, according to people familiar with the matter. Among the possible outcomes that have been discussed are deferred prosecution agreements in which the companies would admit to certain allegations but would be shielded from an indictment…

RBC’s $100 Billion Woman Buys More Stocks, Just Not in the U.S.

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NEW YORK (Capital Markets in Africa) – The manager of some of the largest investment funds in Canada is favoring European and Asian stocks over North American. Sarah Riopelle, senior portfolio manager at RBC Global Asset Management Inc., boosted her equity allocation by 2 percentage points to 59% over the past month as she shifts her focus to markets outside of the U.S. and Canada. “Valuations are very cheap, reasonable within Europe and fundamentals seem…

Schwab to Buy TD Ameritrade for $26 Billion, Reshaping Industry

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NEW YORK (Capital Markets in Africa) – Charles Schwab Corp. agreed to buy TD Ameritrade Holding Corp. for about $26 billion in a deal that will reshape the retail brokerage business. TD Ameritrade stockholders will receive 1.0837 Schwab shares for each TD Ameritrade share, the companies said in a statement Monday. That’s a 17% premium based on the average share price as of the close on Nov. 20. Announcement of the deal comes after news of an acquisition broke on…

Ghana Holds Key Interest Rate as it Sees Inflation in Target

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ACCRA (Capital Markets in Africa) – Ghana’s central bank held its benchmark interest rate for a fifth consecutive time as it sees economic growth momentum remaining strong and inflation staying inside its target range. The Monetary Policy Committee kept the rate at 16%, Governor Ernest Addison told reporters on Monday in the capital, Accra. That was in line with the forecast of all four economists in a Bloomberg survey. Key Insights While inflation dropped below…

AFSIC – Investing in Africa 2020 confirms 300+ excellent speakers

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AFSIC – Investing in Africa, scheduled for May 5th -7th 2020 in London, has confirmed over 300 speakers including a huge range of Africa’s most important investors, dealmakers and business leaders. AFSIC is focused on profiling Africa’s most compelling investment opportunities and promoting new business transactions through structured presentation sessions complemented by an array of networking events, business match-making meetings, workshops and country focussed sessions, offering multiple opportunities to network and develop strong business relationships…

Workers Sue McDonald’s, Franchisees for ‘Risk of Violence’

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NEW WORK(Capital Markers in Africa) – Current and former workers from 13 Illinois restaurants are suing McDonald’s Corp. for failing to adequately protect employees from customers who become violent. “McDonald’s breach of duty was the in-fact and proximate cause of plaintiffs’ injuries,” according to the complaint, which was filed Thursday by 17 workers in Cook County court. The lawsuit claims the workers “are regularly exposed to violent and criminal behavior by customers,” and that the defendants —…

Referendum Tests Ethiopia’s Ability for Peaceful Elections

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ADISS ABABA (Capital Markets in Africa) – Ethiopia’s ethnic Sidama voted Wednesday in a referendum on creating a new regional state, the likely precursor to a series of plebiscites that will test demands for more autonomy. Besides offering an indication of the Horn of Africa nation’s ability to hold a peaceful general election slated for next year, it will also gauge whether the country’s political model of ethnic federalism can accommodate growing calls for self-determination amid clashes…

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