The Editorial Team |

Kenya: 2018 Real Estate Investments Opportunities and Trends

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…

South Africa Is Said to Assess Free-Education Cost at $970 Million

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JOHANNESBURG (Capital Markets in Africa) – South African Finance Minister Malusi Gigaba told the ruling party’s top leadership the government will need 12 billion rand ($970 million) to fund President Jacob Zuma’s plan to scrap tuition fees for students from poor homes, according to a person with knowledge of the matter. Gigaba told the ANC’s National Executive Committee this week that the Treasury will cut from existing spending programs and won’t announce a special tax or an increase…

South African Steinhoff Unit Mulls Early Redemption of Bonds

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JOHANNESBURG (Capital Markets in Africa) – Steinhoff International Holdings NV said one of its South African units is considering an early redemption of all notes in issue as the global retailer struggles to stay afloat amid an accounting scandal. Steinhoff Services Ltd.’s redemption of securities issued under a 15 billion-rand ($1.2 billion) bond program will require pricing supplements to be amended and restated, the Frankfurt- and Johannesburg-listed company said in a statement after the market closed on Thursday….

Angola Sets Up Body to Oversee $5 Billion Fund After Probe

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LUANDA (Capital Markets in Africa) – Angola’s Finance Ministry will set up a supervisory committee for the nation’s $5 billion sovereign wealth fund after an investigation found that its processes are inconsistent and opaque. The southern African nation will also increase oversight of Fundo Soberano de Angola by the ministry, the presidency and the central bank, the Luanda-based Finance Ministry said in a statement on its website Friday. This week, President Joao Lourenco dismissed the son of…

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