The Editorial Team |

RisCura launches fourth Bright Africa Private Equity report

JOHANNESBURG (Capital Markets in Africa) – Investment firm RisCura is pleased to announce the release of the 2017 private equity update of its Bright Africa report, which provides a comprehensive view of PE investment across Africa. The report, initially launched in 2012, reveals RisCura’s research results covering fundraising, transaction activity, pricing and investor focus. With Africa’s PE activity growth, coverage in the report continues to expand and provides timeous insight into trends. The latest findings…

South African Jobless Rate at 14-Year High as Economy Stalls

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s jobless remained at a 14-year high in the third quarter as the continent’s most-industrialized economy staged a weak recovery from a recession. The unemployment rate was 27.7 percent, matching the previous two quarters’ figures, Statistics South Africa said in a report released on Tuesday in Cape Town. The economy expanded 2.5 percent in the three months ended June 30, exiting its second recession in almost a decade…

South Africa’s State Pension Fund Preparing for National Downgrade

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s main government workers’ pension fund is seeking permission to invest more cash in international assets to protect against the impact of a possible downgrade of the country’s local-currency debt to junk status. The Government Employees Pension Fund is in talks with Finance Minister Malusi Gigaba about easing its investment criteria to include more foreign bonds and equities, Abel Sithole, principal executive officer, told reporters in Johannesburg on Tuesday….

Kenyan Inflation Rate at 17-Month Low as Food-Cost Growth Slows

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NAIROBI (Capital Markets in Africa) – Kenyan inflation slowed to a 17-month low in October as food-price growth decelerated and demand was hamstrung by political uncertainty. Consumer prices rose 5.7 percent from a year earlier, compared with 7.1 percent in September, the Kenya National Bureau of Statistics said Tuesday in an emailed statement from the capital, Nairobi. Costs decreased 0.6 percent in the month. The economy of the world’s largest shipper of black tea has been hit…

Glencore Abandons Hong Kong Listing as It Sticks With Africa

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JOHANNESBURG (Capital Markets in Africa) – Glencore Plc is planning to withdraw its listing from the Hong Kong Stock Exchange early next year, with the world’s biggest commodities trader saying that only a small number of investors had chosen to hold their shares on the local register. Dealings in Hong Kong-listed shares are expected to cease on Jan. 10, the Baar, Switzerland-based company said in a statement on Tuesday. Glencore, which trades raw materials including copper and zinc, and…

MTN Appeals to Court to Dismiss $4.2 Billion Turkcell Case

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JOHANNESBURG (Capital Markets in Africa) – MTN Group Limited has asked South Africa’s High Court in Johannesburg to dismiss a $4.2 billion damages claim by Turkcell Iletisim Hizmetleri AS, five years after the case was first brought in relation to the awarding of an Iranian license in 2005. Africa’s largest wireless operator by sales denies Turkcell’s allegations that it paid bribes to South African and Iranian officials to secure 49 percent of Irancell Telecommunication Company Services, according…

Liberian President Denies Interfering in Vote for Successor

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MONROVIA (Capital Markets in Africa) – Liberia President Ellen Johnson Sirleaf said allegations that she interfered in the vote to decide her successor were tantamount to hate speech after her own party and those of other contenders accused her of trying to influence the election. The ruling Unity Party said on Sunday it is supporting a request by the opposition Liberty Party that the Supreme Court annuls the October 10 vote result and set a date for…

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