Author: The Editorial Team

NEW YORK (Capital Markets in Africa) – New York City’s move to tax far more of corporations’ offshore income than the state could cost companies such as Pfizer Inc.and Goldman Sachs Group Inc. millions of dollars a year, prompting consternation from business groups. The new treatments are tied to the 2017 federal tax overhaul that created a new levy on global intangible low-taxed income. GILTI was intended to stifle multinationals, like technology and pharmaceutical companies, from shifting profits…

NEW YORK (Capital Markets in Africa) – This essay is going to scare you. There is a better-than-average chance that, at some point in the last several years, your personal information was stolen. Not something small like a credit card account, but the good stuff, your Social Security number coupled with your birthdate. In fairness to thieves, we have all made this very easy for them to do. You and I hand over this information…

LAGOS (Capital Markets in Africa) – With arable land declining and the population soaring, countries along the the Sahara’s southern border face humanitarian disaster. Strong and sustained global growth has enabled living standards throughout most of the world to converge on an upward course. Even throughout Africa, the world’s poorest continent, there have been drastic improvements in health, education and governance. Countries such as Ethiopia and Tanzania are seeing the start of industrialization. Yet a few parts of the world…

HARARE (Capital Marketds in Africa) – Zimbabweans are relying on Tesla Inc. to help them pay their bills. Amid power outages of as long as 18 hours a day, Econet Wireless Ltd., Zimbabwe’s biggest mobile-phone operator, is turning to the Palo Alto, California-based automaker and storable-energy company for batteries that can keep its base stations running. The southern African country faces chronic shortages of physical cash, so almost all transactions are done digitally, and many via mobile phones….