The Editorial Team

Powell Says Fed Is Ready to Raise Rates Faster If Needed

NEW YORK (Capital Markets in Africa) – Federal Reserve Chair Jerome Powell said the central bank will take the “necessary steps” to get inflation down even if that means increasing interest rates more rapidly than currently anticipated and eventually to levels that slow the broader economy. Policy makers raised the benchmark lending rate by a quarter point at their meeting last week, the first increase since December 2018, and signaled six more hikes of that…

Africa can adopt renewable energy on a massive scale and save billions along the way – Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa

Posted on by The Editorial Team

Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and society. Countries across Africa want to make good on their objective of building huge amounts of new generation capacity to anticipate on vast increases in energy demand and set the continent…

Three shifts shaping the Private Equity landscape

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JOHANNESBURG (Capital Markets in Africa) – Interpreting the changes that take place in private equity (PE) prices over time isn’t straightforward as many of the drivers are unobservable. But there are some noticeable shifts in the marketplace that prove how PE is performing, says Heleen Goussard, head of Alternative Investment Services at global investment firm RisCura. Their latest Bright Africa Private Equity research focuses on the PE ecosystem in 2021 including a look at fundraising, dry powder,…

Allianz Risk Barometer 2022: Pandemic outbreak tops hospitality, leisure and tourism industry risks

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JOHANNESBURG (Capital Markets in Africa): Pandemic outbreak is the biggest concern for companies in the hospitality, leisure and tourism industry, according to the Allianz Risk Barometer 2022. This risk receives the top ranking after Covid-19 led to large-scale business closures and supply chain disruption globally and brought tourism and aviation industries to an abrupt halt. However, while the pandemic continues to overshadow the economic outlook in this industry, encouragingly, businesses do feel they have adapted well. “When asked how prepared…

Dangote Cement Plans $500 Million Investment to Expand Capacity

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LAGOS (Capital Markets in Africa) – Dangote Cement Plc, Africa’s largest producer of the building material, will invest $500 million over the next three to five years to expand production capacity in countries with increasing demand. “We are now focused on the next capital expansion cycle, which includes building grinding plants across West and Central Africa,” Chief Executive Officer Michel Puchercos, said during an investor call on Tuesday. “We are considering increasing capacity in countries with…

Ex-London Plumber Taps African Aluminum Scrap as Prices Soar

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LAGOS (Capital Markets in Africa) – As deepening shortages push aluminum to record highs, a London-based startup is raising cash to boost production of the critical industrial metal from untapped reserves of scrap in Africa’s biggest cities. Founded in 2015 by Raymond Onovwigun, a 31-year-old former plumber, Romco Metals has raised $6.2 million via a private share sale, valuing the recycler at $180 million. After developing a taste for trading scrap from job sites around…

JPMorgan’s Kolanovic Says ‘Worst Might Be Behind Us’ on Selloff

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NEW YORK (Capital Markets in Africa)- The war in Ukraine has dimmed prospects for aggressive Federal Reserve rate hikes and that should bolster American equities even as markets endure a bout of volatility in the coming weeks. That’s the view of JPMorgan Chase & Co. strategists led by Marko Kolanovic, who have repeatedly urged investors to buy the dip during the global equity rout this year. In a fresh note released Monday, the top-ranked strategist says the direct impact on…

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