Author: The Editorial Team

MAPUTO (Capital Markets in Africa) – Deaths from flooding in the wake of Cyclone Idai climbed to more than 300 as Mozambique’s government battled to deal with the devastation wrought by one of southern Africa’s most deadly recorded storms. The toll may rise dramatically. Almost a week after the Category 3 storm made landfall, heavy rains continued in Mozambique’s Sofala province. Rescue workers have saved 3,000 of 15,000 families stranded in the southeastern African nation’s flooded central…

LONDON (Capital Markets in Africa) – Britain’s effort to delay its departure from the European Union probably means that U.K. polluters will have to wait to get their hands on 2.6 billion euros ($3 billion) of emission allowances, according to a person familiar with the U.K. government position. It’s now highly unlikely that British factories, power stations and airlines covered by the EU’s cap-and-system will get their annual allotment of free allowances or access to a…

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…