Author: The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Even as South African President Cyril Ramaphosa’s July announcement that the ruling party will push ahead with plans to expropriate land without compensation pushes down the rand and damages investor sentiment, he sold $1.3 million worth of animals from his expansive game and cattle operations. An auction near the northern South African town of Bela Bela on Saturday by a group of six farms known collectively as Stud Game Breeders raised about…

LAGOS (Capital Markets in Africa) – President Xi Jinping is using a gathering of dozens of African leaders in Beijing to push back against criticism that China’s vast development initiatives risk saddling emerging economies with debt. The Forum on China-Africa Cooperation, which begins Monday, provides a high-profile chance for Xi to defend his signature Belt and Road Initiative to develop roads, railways, ports, pipelines and other trade links. At a business event ahead of the summit, Xi said China had…

ACCRA (Capital Markets in Africa) – Ghana signed eight cooperation agreements with China following talks between the two nations’ leaders in Beijing ahead of the Forum on China-Africa Cooperation that starts Monday. The package of agreements included the $2 billion infrastructure deal Ghana reached in July with Sinohydro Corp. to improve its roads and develop railways in exchange for bauxite, according to a statement from the office of President Nana Akufo-Addo. “We are looking seriously at how…