The Editorial Team |

No-Deal Brexit Possibility Suddenly Comes Alive for the Markets

LONDON (Capital Markets in Africa) – Investors are ripping up their Brexit playbooks as the chance of a no-deal exit flares once again. Sterling is the worst-performing major currency this week as U.K. Prime Minister Theresa May gambles on getting her plan over the line with just over a week to go before the exit. Option traders are betting on further losses and increased currency swings, while fund managers are seeking help from constitutional experts…

Nigeria Seeks Concessional Loans to Tame Debt-Service Costs

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LAGOS (Capital Markets in Africa) – Nigeria may have about the best-performing Eurobonds in emerging markets this year, but the West African nation says it will prioritize borrowing from concessional lenders such as the World Bank and African Development Bank as it looks to rein in interest payments. “If you were to ask me if we’re going to issue Eurobonds this year, I’d say we’ll explore all the options,” Patience Oniha, head of the Debt Management…

South Africa’s Blackouts Don’t Take a Break – Even on a Holiday

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JOHANNESBURG (Capital Markets in Africa) – Eskom Holdings SOC Ltd. is cutting 4,000 megawatts from South Africa’s electricity grid on Thursday, giving consumers no respite even on a public holiday, as it continues rotating outages that seek to lower demand and avoid a collapse of the network. It’s the eighth day of blackouts that have disrupted business and sparked outrage in a country that’s home to the continent’s most-industrialized economy, posing a challenge for the ruling…

Power Cuts no Bother as South African Stocks Attract `Hot’ Money

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JOHANNESBURG (Capital Markets in Africa) – While daily rolling blackouts in South Africa are disrupting businesses and the lives of its people, the country’s stock market is powering ahead. As of Tuesday’s close, Johannesburg’s benchmark stock index is heading for its best quarter since September 2013 and poised to advance for a fourth consecutive month, the first time that’s happened since May 2016. The 8.3 percent in gains this year has pushed stocks to their highest in…

A Boeing Rival? This China Dream Just Won’t Fly: David Fickling

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LAGOS (Capital Markets in Africa) – A small order from an African airline can’t diminish the huge challenge Comac faces to disrupt the aviation duopoly. It’s generally seen as a good thing for an aircraft manufacturer when an airline plans to buy its planes. So Commercial Aircraft Corp. of China Ltd. – the country’s would-be challenger to Boeing Co. and Airbus SE – should have a lot to celebrate. Ghana’s Africa World Airlines Ltd. may agree to…

Representatives of international delegations at the 5th Annual POWER WEEK ASIA in Singapore

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A five days electric power & energy conference, inclusive of 2-day focal point main conference, 6 supplementary workshops, multiple case studies from a wide array of perspectives, expert views, and valuable insights on the Asia market outlook. Singapore – The 5th annual POWER WEEK ASIA Conference will be held from 11 to 15 November 2019 at the PARKROYAL on Beach Road Hotel, Singapore. POWER WEEK ASIA attracts the industry leaders from national power companies, government…

Registration opens for 2nd Annual POWER WEEK AFRICA in Johannesburg

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A five days electric power & energy conference, inclusive of 2-day focal point main conference, 6 supplementary workshops, multiple case studies from a wide array of perspectives, expert opinions and unrivalled insights into the African electric power & energy market prospects. Johannesburg – The 2nd annual POWER WEEK AFRICA conference on 9 – 13 September 2019 in Johannesburg, South Africa is now open for registration. It promises an abundance of opportunities to network with C-level…

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