The Editorial Team |

Strate CEO, Monica Singer, stepping down to pursue new opportunities

JOHANNESBURG (Capital Markets in Africa) – Strate would like to announce that its CEO, Monica Singer, will be leaving Strate at the end of August 2017 to fulfill her dream of living in Cape Town and to pursue new opportunities. After being at Strate for almost two decades, and being its project manager since inception, Monica has been committed to the success of Strate. During her tenure, she was responsible for the introduction of electronic…

Useful Tips on Spotting and Avoiding Debt Settlement Swindles

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JOHANNESBURG (Capital Markets in Africa) – When you fall behind on loans, you will usually find yourself on the receiving end of legal notices and threatening debt collectors. When you are feeling really desperate, it can be very easy for you to fall prey to dishonest companies claiming to solve your debt problems overnight. Some red flags that you should be looking out for when you are seeking debt settlement: Promises to Improve Your Credit…

Embrace the impact of digitalisation and turn disruption into opportunity

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LAGOS (Capital Markets in Africa) – The growth of digital technologies is seeing disruption taking place across industry sectors. For companies operating in Africa, the opportunities these presents are too significant to ignore. Long considered the next frontier when it comes to innovation, the continent is poised to benefit from this push towards digitalisation. “With the gap between technology and business all but disappearing, decision-makers are faced with a choice of either embracing a new,…

Moody’s takes rating actions on five Tunisian banks

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TUNIS (Capital Markets in Africa) – Moody’s Investors Service (“Moody’s”) has today downgraded to B1 from Ba3 the long-term local currency deposit ratings of Arab Tunisian Bank (ATB), Banque Internationale Arabe de Tunisie (BIAT) and Banque de Tunisie (BdT) while also downgrading the long-term local currency deposit ratings of Amen Bank (Amen) and Société Tunisienne de Banque (STB) to B2 from B1. Moody’s also changed the outlook on the long-term deposit ratings of ATB to…

Sasol Tempers Return Expectations for $11 Billion Project

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JOHANNESBURG (Capital Markets in Africa) – Sasol Ltd. lowered estimated returns at its $11 billion Lake Charles chemicals project in the U.S. and said it’s disputing a revised tax bill in South Africa. Sasol, the world’s biggest producer of liquid fuel from coal, projects an internal rate of return of 7 percent to 8 percent at Lake Charles, which will convert ethane into plastics and other products. The range is based on “conservative” ethane prices and…

Ma, Dangote, Blankfein to Meet World Leaders at Bloomberg Event

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LAGOS (Capital Markets in Africa) – As global chief executives wrestle with how to engage with government leaders, a group including Alibaba’s Jack Ma and Aliko Dangote, Africa’s richest man, will convene more than 100 fellow business leaders to meet with dozens of heads of state in September. The Global Business Forum will take place in New York during the United Nations annual General Assembly meetings, Michael R. Bloomberg said today in a statement. Bloomberg is the founder…

Nigerian President Buhari Vows to Intensify War on Militants

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LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari vowed to step up the fight against the Islamist militants and proponents of secession in his first speech after returning from three months of sick leave in London. Nigeria’s national unity is “not negotiable,” Buhari, 74, said Monday in a nationally televised address. “Terrorists and criminals must be fought and destroyed relentlessly so that the majority of us can live in peace and safety.” Buhari informed the…

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