The Editorial Team |

The 6th Edition of The Real Estate Development Summit-Sub-Saharan

The 6th Edition of The Real Estate Development Summit – Sub-Saharan is all set to take place at the Sandton Convention Centre in Johannesburg, South Africa on the 25th & 26th July. The Sub – Saharan edition brings together a wide canvas of 80 Solution Providers, 30+ Speakers, 150+ VIP delegates and a fleet of industry thought leaders, Hotel Owners, Hotel Operators, Developers, Architects, Designers, Consultants, Suppliers, Technology Consultants, and Investors. The summit encompasses session…

Nollywood Is Ready to Hit the Global Stage Thanks to Netflix

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LAGOS (Capital Markets in Africa) – Streaming will help Nigeria’s film industry, Africa’s most vibrant, reach a much wider audience. In December 2018, EbonyLife Films, a studio in Lagos, Nigeria, premiered Chief Daddy, a feature-length drama about an eccentric billionaire who dies suddenly, touching off a madcap scramble among his relatives over his estate. The movie was an immediate hit with audiences in Nigeria. By the end of the month it had emerged as the country’s…

What Brexit Could Mean For African Exports?

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LAGOS (Capital Markets in Africa) – Although many consider Brexit to be purely a European issue, its consequences actually stand to reach all corners of the world. This rings especially true for major British trading partners, of which there are many in Africa. African exports, in particular, will likely see a wave of consequences in the aftermath of Brexit (should it ever come to fruition). For example, this site has posted before about how South…

Botswana, Country With Most Elephants, Lifts Ban on Hunting

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GABORONE (Capital Markets in Africa) – Botswana, which has the world’s biggest population of elephants, lifted its suspension on hunting, a move that is likely to spark further debate on a politically charged issue in the southern African nation. The government would ensure that “reinstatement of hunting is done in an orderly and ethical manner” and in accordance with the law and regulations, the Ministry of Environment, Natural Resources Conservation and Tourism said in emailed statement Wednesday….

Biggest Africa Investor Goes to London for Lonmin Decision

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.’s takeover of Lonmin Plc, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting in London, the PIC’s 30% stake would be enough to block the acquisition. While the takeover was originally touted as…

AFRICA PREVIEW: Rate Caution to Prevail in Kenya, Ghana, Angola

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LAGOS (Capital Markets in Africa) – Central banks in Kenya and Ghana are likely to keep interest rates on hold next week following in the foot steps of their larger peers in South Africa and Nigeria. Angola’s central bank is also set to leave interest rates alone as it aims to slow inflation even as it lets the currency weaken. Nigeria kept its key rate unchanged at 13.5% on May 21 and the South African…

Kganyago Says Banks Could Handle Potential Eskom Default

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s banking industry would be able to withstand a default by Eskom Holdings SOC Ltd. but the impact on pension funds is a concern for the central bank, Governor Lesetja Kganyago said. The power utility is laden with about $35 billion of debt, roughly equally divided into bonds and loans, according to data compiled by Bloomberg from public records, and is struggling to meet demand for electricity from aging and unreliable plants. “What would…

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