The Editorial Team |

Equity Group Marches on Across Africa With Fresh Congo Purchase

NAIROBI (Capital Markets in Africa) – Equity Group Holdings Plc plans to acquire a lender in the Democratic Republic of Congo, the second purchase in four months, as part of the Kenyan bank’s strategy to expand across Africa. “Directors have agreed to the entry into a non-binding term sheet with certain shareholders of Banque Commerciale du Congo for the purchase for cash of a controlling stake in BCDC with a view to eventually amalgamating the business of…

Defiant Johnson Pushes On With Brexit Plan as Court Threat Looms

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LONDON (Capital Markets in Africa) – Boris Johnson is refusing to back down and pushing on with his hardline Brexit strategy despite the risk of being taken to court and the threat of more resignations from his Conservative Party. After a bruising week of defeats for his Brexit strategy culminating in the resignations of his own brother and cabinet minister Amber Rudd, Johnson faces further setbacks on Monday. The prime minister will probably lose another vote in…

United Kingdom Economy: New Ways to Fight the Next Recession

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LONDON (Capital Markets in Africa) – The U.K. economy has been teetering on the edge of the Brexit precipice for several years now. Should it stumble over, the slump that follows could call for a major boost — that’s harder now than it was in 2009. Bloomberg Economics explores ways to extend the runway for monetary policy to land new forms of stimulus, without compromising the Bank of England’s independence. A deep downturn would likely…

Ireland’s Bonds Seen Increasingly Risky as Brexit Nears Endgame

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LAGOS (Capital Markets in Africa) – Investors in Ireland’s bonds are sitting on double-digit returns this year after a global debt rally and now they are starting to get nervous. Fears of a bubble in bond markets have been growing on doubts over the extent of future monetary easing. In Ireland’s case, the U.K.’s political turmoil is an added hurdle as the neighboring economies are intertwined and a crash exit from the European Union could…

Recession Already Grips Corners of U.S., Menacing Trump 2020 Bid

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NEW YORK (Capital Markets in Africa) – The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will turn to the trade wars and Donald Trump will again claim that China is bearing the cost of his tariffs. That’s when Petras loses it. “It’s just an…

Booming Texas Economy May Usher in a Democratic Win in 2020

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LAGOS (Capital Markets in Africa) – The booming economy that helped the Lone Star State weather the 2008 recession has also sparked a migration there that’s changing the face of Texas politics. The workers who’ve moved to Texas for jobs in the energy and tech sectors are more liberal than Texas natives, slowly turning the deep-red state into a richer purple. Democrats now find themselves close enough to winning Texas that they’ve scheduled the third…

What China Has and Hasn’t Done to Address U.S. Trade Gripes

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LAGOS (Capital Markets in Africa) – Deep differences separate Chinese and U.S. negotiators on everything from market access to industrial subsidies as the two sides prepare to meet next month in Washington. As their trade talks unraveled in acrimony in May, the U.S. blamed China for walking back alleged commitments on issues including forced technology transfers. China responded in a White Paper, accusing the U.S. of unreasonable demands and argued that it had made “remarkable progress” in improving its business…

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