Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Microsoft Corp.  plans to spend more than $100 million over five years to open its first development centers in Africa to work with local partners and governments, as well as hire engineering talent. Initial sites will be in Nairobi, Kenya’s capital, and Lagos, Nigeria’s commercial hub. The software giant plans to hire 100 full-time developers at the two sites by the end of this year and expand to 500 by the…

LAGOS (Capital Martkets in Africa) – At least six people were killed when militiamen attacked a long-running sit-in outside Sudanese army headquarters, throwing into doubt a fresh deal between the opposition and ruling military on how to divide power in the aftermath of President Omar al-Bashir’s ouster. Gunfire rocked the protest site overnight in Khartoum, with the Central Committee of Sudanese Doctors reporting the death toll and use of live ammunition. The worst sustained violence in…

LONDON (Capital Markets in Africa) – Prime Minister Theresa May will meet with her cabinet Tuesday as she comes under increasing pressure to pull out of Brexit talks with the opposition Labour Party and set a date for her departure. The latest in a series of cross-party meetings aimed at ending the parliamentary deadlock over leaving the European Union broke up without substantive progress Monday evening, according to a person familiar with the discussions. Monday night’s meeting “took stock…

NEW YORK (Capital Markets in Africa) – President Donald Trump pushed the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the U.S. central bank into his simmering trade war. “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” the president said in…