Nigeria’s Opposition Leader Says Buhari Breaching Constitution

Nigeria’s Opposition Leader Says Buhari Breaching Constitution

LAGOS (Capital Markets in Africa) – Nigeria’s main opposition candidate in next month’s elections, Atiku Abubakar, said President Muhammadu Buhari breached the constitution by suspending the nation’s top judge last week. “I want to note the universal condemnation of this unlawful act by all Nigerians, as well as the international community,” Abubakar, 72, said at a press conference Monday in Abuja, the capital. “How we react to this challenge in the following days will determine the fate of…

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Côte d’Ivoire’s SIR financing highlights innovations in Africa’s debt markets

Côte d’Ivoire’s SIR financing highlights innovations in Africa’s debt markets

ABIDJAN (Capital Markets in Africa) – Côte d’Ivoire’s Société Ivoirienne de Raffinage (SIR), West Africa’s largest oil refinery, has secured a €577mn debt financing which will help it repay historical obligations on crude supply and reduce the interest rate of its stock of debt. The facility will also enable SIR to upgrade its plant and align it to international environmental emissions standards, with a view to business expansion. In recent years, Côte d’Ivoire has put…

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‘Frontier vibe’ still driving advances” in South Africa

‘Frontier vibe’ still driving advances” in South Africa

JOHANNESBURG (Capital Markets in Africa)  – The Financial Times published on Thursday January 24 a first-ever special report on Innovation in South Africa. Africa editor David Pilling in his lead article writes that “homegrown innovators are fighting the brain drain and finding ways past a funding squeeze.” The six-page edition casts a bright light on South African technology, research, energy industry, white space television, and water solutions– one of the most positive indications of a…

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Kenya leads in Cryptocurrency predictions for 2019 in the East Africa Region

Kenya leads in Cryptocurrency predictions for 2019 in the East Africa Region

— As we start 2019, it is an opportune time to reflect on the year that was and forge the way forward. The cryptoeconomy celebrated its 10th  birthday in 2018, reaching a total market capitalization of approximately $138.6 billion (KSh 14.2 trillion). In spite of a fluctuating market, a leading global peer-to-peer Bitcoin marketplace, Paxful (www.Paxful.com), saw an upswing in activity, driven by African consumers in which servicing the underbanked resulted in significant gains. Africa conducted 6.5 million trades…

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In Africa and the Middle East, domestic banking constraints intensify liquidity risks as global markets tighten

In Africa and the Middle East, domestic banking constraints intensify liquidity risks as global markets tighten

LAGOS (Capital Markets in Africa) –  Significant constraints on banks’ capacity and willingness to absorb potential increases in government financing needs in the event of a shock are intensifying government liquidity risks in Angola (B3 stable), Bahrain (B2 stable), Ghana (B3 stable), Kenya (B2 stable) and Lebanon (Caa1 stable) Moody’s Investors Service said in a report today. The report, “Sovereigns — Africa and Middle East, Domestic banking constraints intensify liquidity risks as global markets tighten”,…

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BCS Americas announces global equity trading platform

BCS Americas announces global equity trading platform

LAGOS (Capital Markets in Africa) – BCS Americas (BCSA) a division of BCS Global Markets (BCS GM) has announced the launch of a new trading platform that will provide global equity execution and settlement capabilities to institutional investors with access to a suite of algorithmic trading tools accessible 24 hours a day, 5 days a week. BCS GM first unlocked Russian markets for US investors with the launch of BCS Americas in 2016. BCS Americas…

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Media announcement for the African Islamic Fintech Summit (SAIFI)

Media announcement for the African Islamic Fintech Summit (SAIFI)

Under the high patronage of the Tunisian Head of government and the Ministry of Development, Investment and International Cooperation of the Republic of Tunisia, the International Islamic Finance Training Institute (IIFTI) and I-Fintech Solutions (IFTS) are organizing the African Islamic Fintech Summit (SAIFI). SAIFI is jointly organized with the Islamic Corporation for the Development of the Private Sector (ICD) and the Tunisian Association of Islamic Finance (TAIF) and will take place during the 16th and…

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