Author: The Editorial Team

ACCRA (Capital Markets in Africa)  – PBC Ltd., Ghana’s biggest cocoa buyer, seeks to raise $100 million from international banks to help pay off cedi debt that matured late December. The transaction, handled by an Accra-based advisory firm, should be completed before the start of the main harvest on Oct. 1, said Deputy Chief Executive Officer Kojo Safo. The company has approached the state-run pension fund and the government, who together own a 75 percent…

LAGOS (Capital Markets in Africa) – Chad scrapped import taxes on staple foods to quell growing anger about rising food prices, a month after protests in neighboring Sudan over high costs of living forced President Omar al-Bashir to step down. The decision comes amid regular, days-long power outages in the capital, N’Djamena, and after almost four months of an acute cooking-gas shortage that forced the poorest residents to use cow dung as fuel. Last year,…

LONDON (Capital Markets in Africa) – London’s property market is continuing to bear the brunt of Brexit malaise, according to a report from Acadata. House prices in the capital fell by 1.1% in April from a year earlier, the reportshowed. Nationally, they rose 0.2% in the period, to an average 302,122 pounds ($393,332). The number of property sales tell a similar story, At the national level, an increase over the past year, along with an uptick in first-time…