The Editorial Team |

Why Mozambique Scandal Has Drawn Scrutiny: QuickTake

MAPUTO (Capital Markets in Africa) – A U.S. Department of Justice probe into a $2 billion loan scandal in Mozambique is exposing some of the southeastern African nation’s top politicians to allegations of wrongdoing, just months before it holds elections. It’s also complicating the government’s talks with international creditors on how to restructure the debt, which includes $727 million of bonds. Why is the U.S. involved? U.S. prosecutors describe the case as a “brazen international…

The RED Launches Its Fifth Edition

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The Fifth edition of The Real Estate Development Summit – North Africa is set to take place in Casablanca, Morocco on 25-26 April, 2019. The European edition brings together a wide canvas of 80 Solution Providers, 20+ speakers, 200+ 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 around challenges that buyers and suppliers face on common grounds…

INTO AFRICA March 2019 Edition – Views on Africa Attractiveness

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Welcome to the March 2019 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. The edition is titled: Views on Africa Attractiveness. Is Africa fundamental shaken or Africa story over-sold? These and other questions are articulately ventilated at the plethora of Africa Investment forums. We are of the view that neither is Africa fundamental shaken nor story over-sold. In fact, we believe that Africa is the next and last global…

Hottest Crypto Coin’s Massive Rally Echoes Bitcoin’s Glory Days

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LAGOS (Capital Markets in Africa) – The cryptocurrency boom appears to be alive and well for Binance, the world’s largest digital-asset exchange by trading volume. One of the hottest coins right now is the Malta-based exchange’s eponymous token, Binance Coin, which has more than tripled in value in the last three months to around $15. The surge comes as the broader digital-asset market is little changed in the wake of last year’s collapse that saw the prices…

Anglo Hands Land to South Africans Amid Expropriation Push

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JOHANNESBURG (Capital Markets in Africa) – Anglo American Platinum Ltd. is giving hundreds of hectares of land to communities living in a South African area that’s rich with the ore as the nation’s ruling party seeks to introduce laws that make it easier to expropriate land without paying for it. The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles) northwest of…

Kenya Banks, Economy Seen Winning as Rate-Cap Law Annulled

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NAIROBI (Capital Markets in Africa) – Kenyan banks might turn the lending taps back on after a court ordered lawmakers to review a law that capped the interest rates they can charge, potentially providing further impetus to economic growth. Shares in the East African nation’s largest lenders rallied after a Nairobi High Court on Thursday described the legislation governing the rate caps as “vague, imprecise, ambiguous and indefinite.” The court suspended the implementation of the…

Votes on Sale for $50,000 Repulse Wannabe Senators in Congo

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KINSHASA (Capital Markets in Africa) – Lawmakers are offering their votes to prospective senators in the Democratic Republic of Congo for as much as $50,000 apiece, according to candidates who’ve quit before the election is held on Friday. The allegations raise the prospect of further discord in the world’s biggest cobalt producer two months after a disputed vote installed former opposition leader Felix Tshisekedi as president. Runner-up Martin Fayulu said the Dec. 30 presidential and parliamentary polls…

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