The Editorial Team |

Zimbabwe to Consider Waivers on Platinum, Diamonds Ownership Law

HARARE (Capital Markets in Africa ) -Zimbabwe will consider applications from companies mining platinum or diamonds to be exempted from a requirement that they be at least 51 percent owned by black citizens of the country. The government wants companies to show they have a plan to achieve compliance before it will consider granting waivers, Mines Minister Winston Chitando said in an interview in Cape Town Wednesday. “Companies should come up with proposals which suit their different…

Carry Trades With Emerging FX Are Entering Bearish Momentum

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Emerging-market carry trades are losing their appeal and they could be in for more losses, if technical indicators are any guide. A Bloomberg gauge of carry trades in eight developing-nation currencies declined 1.7 percent since reaching the most since August 2014 on Jan. 25 amid the latest market turmoil that sent volatility to the highest level since 2015 this week. The carry-trade measure fell below the 21-day moving average on Wednesday. At…

Opposition Party Sees Opening as Ethiopia Government Vows Reform

Posted on by The Editorial Team

ADDIS ABABA (Capital Markets in Africa) – An Ethiopian opposition party whose chairman was freed after more than a year in prison plans to step up its political activity as the Horn of Africa nation’s government pledges greater openness in the wake of mass protests. The Oromo Federalist Congress will open an initial 20 offices in the Oromia region and “start to organize our people,” Chairman Merera Gudina said in an interview in the capital,…

Yields Speak Louder Than Ratings for Emerging-Market Investors

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Emerging-market investors aren’t worrying much about the opinion of ratings companies these days as the hunt for yield outweighs what they consider rear-view assessments. Most of the developing nations that were downgraded in the past six months, including Brazil, Colombia and South Africa, saw their risk premium rise just briefly following the decision before quickly resuming their downward march amid a strong risk-on mood. Part of the explanation is simple. Investors have been…

African Gold Miner Endeavour Would Rather Be Agile Than Huge

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better. “One of the reasons the majors have failed over the years is they’ve built such large corporate teams that the decision-making processes within those organizations is so slow,” Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. “Being able to remain quite lean gives you the agility to move and to take…

MTN Is Said to Plan $500 Million Nigeria Share Sale in 2018

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – MTN Group Ltd. plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Ltd. and Citigroup Inc. have been advising Africa’s largest mobile-phone company on the disposal of as much as…

INTO AFRICA February 2018 Edition: The Year 2018 -Africa Economy Normalization.

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Happy New Year! A new year, a new edition and a wealth of new insights – tailormade for you. The Capital Markets in Africa would like to proudly introduce the February 2018 edition of the INTO AFRICA – the publication with fresh insight into Africa’s emerging markets. The edition provides insight and foresight into African economies (from Southern Africa to North Africa and East Africa to West Africa as well…

« 1 … 544 545 546 547 548 … 1,078 »