The Editorial Team |

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

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…

Cape Town’s Credit Supported by Water-Supply Moves, Moody’s Says

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JOHANNESBURG (Capital Markets in Africa) – Moody’s Investors Service said investment in the water sector of Cape Town, the South African city hit by shortages in the past two years, will bolster its economic strength and support its credit profile. The coastal city plans to diversify its water supply and better manage demand to reduce the chances of future water restrictions, with about half of its $692 million borrowing during the next three years going…

South Sudan Plans to Boost Oil Production as Conflict Eases

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SOUTH SUDAN (Capital Markets in Africa) – South Sudan plans to increase oil production by more than a third this year as it reopens wells in the wake of a peace agreement to end a five-year conflict that disrupted output. The accord, signed in September, has contributed to a resumption of production at previously abandoned oil fields, the Petroleum Ministry said Wednesday in an emailed statement. The country is targeting pumping 200,000 barrels per day by…

Africa’s Richest Woman Reappointed to Board of Unitel

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LUANDA (Capital Markets in Africa) – Africa’s richest woman secured a fresh mandate as board member of Angola’s biggest telecommunications company when shareholders met Tuesday to discuss corporate governance in the wake of legal action by one of the firm’s biggest investors. The meeting at Unitel SA, in which Isabel dos Santos owns 25 percent stake and has been chairwoman, came after an arbitration court ruled that Brazilian telecommunications company Oi SA was entitled to receive $654 million from other…

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