The Editorial Team |

INTO AFRICA June 2018 Edition – Renewed Optimism: African Real Estate

LAGOS (Capital Markets in Africa) –Welcome to the June 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Renewed Optimism: African Real Estate, examines the opportunities as well the challenges in the African real estate markets. Africa’s continuing economic and social development is encouraging investors to expand their portfolios in the continent and the yearning for long-term investment has drawn increased numbers of international investors…

Zuma Vows to Fight Back as South African Graft Trial Delayed

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s former President Jacob Zuma warned opponents and ruling party officials against attacking him in public and vowed to prove his innocence after the High Court postponed his corruption case until next month. Zuma, 76, appeared briefly in the court in the eastern port city of Durban on Friday where the case was delayed until July 27 to enable his lawyers to get clarity on who will pay his legal…

Landlocked Ethiopia May Establish Naval Base at Kenyan Port

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ADDIS ABABA (Capital Markets in Africa) – Ethiopia, landlocked since the secession of Eritrea a quarter century ago, may consider building a naval base in neighbouring Kenya to strengthen its military capabilities, the head of the state shipping company said. The facility could form part of a port the Kenyan government is building at Lamu, said Roba Megerssa Akawak, chief executive officer of the state-owned Ethiopian Shipping & Logistics Services Enterprise. The 390 billion-shilling ($3.87…

Broke Zimbabwe Plans Spending Spree as Elections Approach

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HARARE (Capital Markets in Africa) – Zimbabwean President Emmerson Mnangagwa has pledged to spend money his government doesn’t have on increasing its 350,000 workers’ salaries as the country gears up for next month’s elections. Civil servants, who account for most formal jobs in the southern African country, will get 15 percent raises, while veterans of Zimbabwe’s war against white-minority rule will be awarded improved benefits, Mnangagwa said. His willingness to spend taxpayer money to bolster his support…

Africa Oil Giant Needs $12 Billion to Avoid Missing LNG Boat

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LAGOS (Capital Markets in Africa) – On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan. Operator Nigeria LNG Ltd. says it will decide later this year whether to invest more than $10 billion to boost capacity by 40 percent. That would allow the Bonny Island terminal — an hour’s ferry ride from the oil…

THE KEYS TO RETAIL SUCCESS AT MOZAMREAL 2018

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8 June, Maputo, Mozambique. The development of sustainable, diverse and high performing retail assets continues to be a major challenge for Mozambique’s developing property market said the host of the bilingual one-day MozamReal Property Forum, Kfir Rusin. “The retail sector has seen considerable investment and is more competitive than ever before, and our retail panel will dive deep into the market. This year, two noted panellists including renowned Africa expert and founder of Sagaci Research…

Moody’s downgrades Gabon’s ratings to Caa1, changes outlook to stable

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LIBREVILLE (Capital Markets in Africa )- Moody’s Investors Service has today downgraded the Government of Gabon’s issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. The rating downgrade is underpinned by continuing government arrears to creditors and suppliers which point to heightened government liquidity pressures and denote institutional weaknesses. Persistent arrears also risk delaying critical financial support from the official sector, in turn exacerbating existing liquidity…

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