Author: The Editorial Team

LAGOS (Capital Markets in Africa) Initial coin offerings have raised billions of dollars for start-ups while attracting criminals and authorities around the globe. Now, the young market may get some help cleaning up from the Big Four consulting firms. In recent months, the largest accounting firms have started — albeit cautiously — offering services specializing in the risky market for ICOs. The fundraising mechanism, where a company creates a new digital currency and sells it…

LAGOS (Capital Markets in Africa) – Is the rise of Bitcoin analogous to the spread of an infectious disease? Analysts at Barclays Plc saw enough similarities to develop a pricing model for the cryptocurrency that takes its cues from the world of epidemiology. Their diagnosis: Bitcoin has probably peaked. The Barclays model divides the pool of potential Bitcoin investors into three groups: susceptible, infected and immune. It assumes that as prices rise, “infections” spread by word-of-mouth (nobody likes missing…

LAGOS (Capital Markets in Africa) – MTN Group Ltd. expects the listing of its Nigerian unit on the Lagos stock exchange to be done by the end of 2018, its CEO said, after suggesting late last year that the process would be concluded by mid-year. “We are progressing very well with the Nigerian listing and if market conditions are appropriate, we will conclude that by the end of the year,” Rob Shuter said Tuesday in an interview in…