Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Investors have had the chance to review the details of Donald Trump and Kim Jong Un’s agreement to work toward the complete denuclearization of the Korean peninsula — and the verdict is in. “There aren’t any details,” said Kiyoshi Ishigane, chief strategist at Mitsubishi UFJ Kokusai Asset Management Co. in Tokyo. “They’re saying they’ll try. But we don’t know if this will actually materialize.” Markets across Asia barely reacted after U.S. President…

JOHANNESBURG (Capital Markets in Africa) – Steinhoff International Holdings NV won backing for a standstill on its debt from more than 75 percent of its convertible bondholders, a significant step toward reaching a restructuring deal. The beleaguered South African retailer said it has sufficient support from holders of each of the three convertible bonds issued out of its Austrian unit Steinhoff Finance Holding GmbH. Those are worth a combined 2.7 billion euros ($3.2 billion). The company…

Africa Oil & Power will present H.E. Mohammed Barkindo, Secretary General of OPEC, with highest honors at annual Cape Town conference OPEC Secretary-General has restored global oil market stability through his strong leadership and guidance H.E the Secretary-General will provide the keynote address at Africa Oil & Power 2018 Cape Town — H.E. Mohammed Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries, will be bestowed with the “Africa Oil Man of the…