The Editorial Team |

Why Africa Is Set to Backstop Britain’s Post-Brexit Health Care?

JOHANNESBURG (Capital Markets in Africa) – The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical…

Diamonds Fund Zimbabwe’s Secret Police, Global Witness Says

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HARARE (Capital Markets in Africa) – Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern Zimbabwe are channelled through Dubai, India, the Netherlands and South Africa by a complicated web of cross-owned companies based in places as diverse as Mauritius, Hong…

INTO AFRICA September 2017 Edition: Taking Stock towards Africa’s Recovery

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Welcome to the September 2017 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This edition reviews Africa’s economies in the first half of 2017 and is aptly timed as it coincides with a recovery in fortunes for the African largest economies – South Africa and Nigeria – hence its title: Taking Stock towards Africa’s Recovery. The year 2016 was a difficult year for many countries, with the sub-Saharan Africa…

Ghana Is Said to Triple Minimum Capital Requirements for Banks

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ACCRA (Capital Markets in Africa) – The Bank of Ghana more than trebled minimum capital requirements for lenders as part of reforms aimed at strengthening the industry, according to people familiar with the matter. Banks will need to set aside at least 400 million cedis ($91 million) in capital compared with 120 million cedis previously to meet their license obligations, the people said, asking not to be identified because an official announcement hasn’t yet been made. Lenders…

Kenya Opposition Sets Conditions for Taking Part in New Vote

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NAIROBI (Capital Markets in Africa) – Kenya’s main opposition alliance demanded the electoral commission be overhauled and said it wants guarantees on fairness in place before it agrees to participate in a rerun of last month’s annulled presidential election. The five-party National Super Alliance urged the Independent Electoral & Boundaries Commission to remove six key officials from its secretariat, including Chief Executive Officer Ezra Chiloba, before the vote is held on Oct. 17, alliance leader Raila Odinga said…

Zuma Faces Fresh Attacks From South African Opposition Parties

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JOHANNESBURG (Capital Markets in Africa) – South African opposition parties resumed their offensive against President Jacob Zuma after failing to remove him through a motion of no confidence in parliament, urging the nation’s top court to force the legislature to discipline him for failing to uphold the constitution. The Constitutional Court on Tuesday began hearing a lawsuit brought by the main opposition parties to order the parliamentary speaker to convene a committee to investigate whether Zuma’s refusal…

Traders Lured by High-Yield `Sweet Spot’ in Emerging Markets

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LAGOS (Capital Markets in Africa) – Traders are gaining confidence in nations that pay the steepest local interest rates. Investor anxiety, as measured by one-month implied currency volatility, dropped to multi-month lows last month in Russia, South Africa and Brazil — countries with some of the most generous yields on their local government debt. Those nations are benefiting from demand for their bonds as interest rates in the developed world stay suppressed amid a pickup…

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