The Editorial Team |

New-Look Nigeria MPC Holds Rate at Record at First 2018 Meeting

LAGOS (Capital Markets in Africa) – Nigeria’s newly constituted Monetary Policy Committee held the nation’s main lending rate at its first meeting this year to continue fighting inflation that’s above target. The committee that admitted five members last month unanimously decided to leave the benchmark interest rate at 14 percent, central bank Governor Godwin Emefiele announced at a press conference in the capital, Abuja on Wednesday. That was in line with predictions of all but…

Post-Mugabe Zimbabwe Mining Rush Leaves Big Producers Behind

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining investment that shrivelled under his predecessor, Robert Mugabe. So far, Mnangagwa has pledged investor-friendly policy changes and partially rolled back a law requiring mining companies to be…

Winnie Madikizela-Mandela, Apartheid Activist, Dies Age 81

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Winnie Madikizela-Mandela, whose reputation as a hero of the fight to end white-minority rule in South Africa was tainted by kidnapping and fraud convictions, has died. She was 81. The former wife of Nelson Mandela died in Johannesburg on Monday after a long illness, a family spokesman said in a statement. Her marriage to Mandela in 1958 thrust her onto center stage of South African politics, and she emerged as a…

Credibility of Zimbabwe’s First Post-Mugabe Vote Is at Stake

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – As Zimbabwe prepares to hold its first election since Robert Mugabe was toppled after almost four decades in power, a key question is whether the government can accomplish something he failed to do: oversee a free vote. Whether the election due before Sept. 1 is regarded as fair may determine the success of efforts by President Emmerson Mnangagwa, who replaced Mugabe as president in November, to attract investment to revive an economy…

Kenya Plans Water Bonds to Plug Funds Gap Leaving Nation Dry

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Kenya is turning to the bond market to finance water and sewage projects as it seeks to plug a funding gap that’s left nearly half the population without access to a tap. Utilities are pooling together loans and packaging them as debt for investors as they seek to fix poorly maintained and aging networks that lose about 43 percent of the water pumped in East Africa’s largest economy, according…

Orange Seeking Partnerships Rather Than Acquisitions in Africa

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Orange SA is seeking to build partnerships in Africa rather than making major acquisitions or entering new markets as the French phone carrier focuses on its existing businesses in 21 countries on the continent. Mobile-phone operators in Africa have to increasingly share their investment in infrastructure to reduce costs, Bruno Mettling, Orange’s deputy chief executive officer in charge of operations for Africa and the Middle East, said in an interview…

Zambian Debate on Impeaching President May Not Happen Until June

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – An opposition party proposal to impeach Zambian President Edgar Lungu may not be debated until June after it wasn’t included in Wednesday’s parliamentary program as expected, and as the legislature closes this week for a two-month recess. The motion brought by Zambia’s main opposition party accuses Lungu of violating the constitution and has been dismissed by the government as frivolous. It has ratcheted up tensions in the southern African nation,…

« 1 … 525 526 527 528 529 … 1,078 »