The Editorial Team |

Mnuchin Says U.S. Wants G-20 Crackdown on Bitcoin Secrecy

LAGOS (Capital Markets in Africa) – U.S. Treasury Secretary Steven Mnuchin said he will work with the Group of 20 nations to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of an anonymous Swiss bank account. Speaking to the Economic Club of Washington on Friday, he said wants to ensure “bad people cannot use these currencies to do bad things.” Under U.S. law, “if you have a wallet to own bitcoins, that company has the…

Tanzanian Probe Finds Airtel Unit Was Privatized Illegally

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DAR ES SALAAM (Capital Markets in Africa) – A Tanzanian probe found that the local unit of Indian mobile-phone company Bharti Airtel Ltd. was originally transferred from the state illegally and the government will start talks to retake what it says is its rightful share of the business. The investigation discovered that the initial privatization of Tanzania Telecommunications Corp. “broke the law, regulations and procedure,” according to a statement from President John Magufuli’s office that quoted Finance Minister Philip…

What Will It Take to Fix the Mess in Zimbabwe?

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HARARE (Capital Markets in Africa) – Busisa Moyo can’t wait to get out the door. It’s the middle of a Monday afternoon, and the chief executive officer of Zimbabwe’s United Refineries Ltd. is striding briskly out of his crushing plant—a vast rectangular structure with red brick walls and a corrugated metal roof. In theory, this is where millions of soybeans at a time can be cleaned, heated, cracked, and pulverized to extract vegetable oil. Except today, like most…

Kenya: 2018 Real Estate Investments Opportunities and Trends

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What real estate investor should look for in 2018? The economy is expected to rebound in 2018 following a difficult 2017. Some of this rebound will trickle down to the Real Estate market but developers and property owners should not expect things to normalize immediately. In this instance, where should Real Estate Investors focus their attention in 2018? Key 2018 Macroeconomic trends 2017 saw a significant reduction in consumer spending and both local and international…

Bitcoin Fund’s 91-for-1 Share Split Is Another Dot-Com Flashback

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LAGOS (Capital Markets in Africa) – Here’s one more way Cryptocurrencies are mimicking the dot-com frenzy as they capture popular attention: massive stock splits. Greyscale Investments announced that its Bitcoin Investment Trust — an open-ended fund that provides the purest exposure to owning the most popular currency short of owning the underlying asset — will undergo a 91-for-1 spliton Jan. 26. That’ll turn the 1.9 million shares currently outstanding into a whopping 174.4 million. Based on…

Laureate Education To Sell Morocco University to KMR Holding

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CASABLANCA (Capital Markets in Africa) – Laureate Education, Inc. (NASDAQ:LAUR), the world’s largest global network of higher education institutions, and KMR Holding Pédagogique, the leading state-recognized multi-disciplinary private higher education platform in Francophone Africa, have signed an agreement for the sale of Laureate’s institution in Morocco – Université Internationale de Casablanca (UIC). UIC, which opened its doors in 2010, is located in the economic and education hub of Morocco, and is the first and only…

Zimbabwe Opposition Mulls Future Without Founder Tsvangirai

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HARARE (Capital Markets in Africa) – Zimbabwe’s main opposition party, the Movement for Democratic Change, is in a quandary over whether its long-serving leader and founder Morgan Tsvangirai, who’s undergoing treatment for colon cancer, should retire before this year’s elections. While Tsvangirai, 65, has appeared increasingly frail, he remains the party’s most-popular official and his absence from the ballot could undermine its campaign. The MDC will be up against the ruling Zimbabwe African National Union-Patriotic Front, which…

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