The Editorial Team |

Tanzania Invites Tenders for Africa’s Fourth-Biggest Hydro Plant

DAR ES SALAM (Capital Markets in Africa) – Tanzania invited bids for the construction of a $2 billion hydro-power plant that will rank as the fourth-biggest in Africa. The proposed Stiegler’s Gorge Project will be built on the Rufiji River in eastern Tanzania with a minimum capacity of 2,100 megawatts, the Energy Ministry said in tender documents emailed from the commercial capital, Dar es Salaam, on Wednesday. Bids must be submitted by Oct. 16 and the facility…

Kenya Opposition Says Audit of Electoral System Shows Misuse

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NAIROBI (Capital Markets in Africa) – Kenya’s main opposition group said an audit of the electoral authority’s computer servers found they were accessed by “anonymous users” and that there’s no trace of data being submitted by polling stations in this month’s presidential election. The National Super Alliance also alleged in documents submitted to the Supreme Court on Tuesday that scrutiny of the Independent Electoral & Boundaries Commission servers showed Chairman Wafula Chebukati’s account was “used…

Managed IT Support Services To Eliminate Risks and Reduce Downtime!

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LAGOS (Capital Markets in Africa) – Thanks to online technology, life has become very simple and easy for you today. Even if you are a business owner, you will find computers, and the Internet makes your day to day tasks straightforward and easy. However, when it comes to information technology for streamlining the functions of your company, some tasks are complex and may be beyond your understanding. It is here that you need credible IT…

Money Smarts: How to beat the recession

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If you’re worried about the state of your finances as South Africa tilts into another full-blown recession, you’re not alone. Many thousands of South Africans are now feeling uncertain about their financial futures, especially following the nation’s credit rating downgrade to junk status in April 2017 and in light of the ongoing political unrest. On 6th June 2017, it was announced that South Africa had slid into yet another economic recession. The trigger? A gross…

Understanding Validation and Data Security in The Context of Regulated Industries

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LAGOS (Capital Markets in Africa) – Any software used in the controlled environment of the pharmaceutical, life sciences and healthcare industry and directly related to the manufacturing process must have validation done for acceptance by the regulatory authority of FDA. The concept of validation entails that there must be documentary evidence that the system is capable of producing consistent data related to a product that meets the quality attributes and pre-determined specifications. The Salesforce software…

Nigeria bond auction raises 56 bln naira, less than half of amount on offer

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LAGOS (Capital Markets in Africa) – Nigeria raised 56.05 billion naira ($179 million) in a bond auction on Wednesday, less than half the amount on offer as domestic pension funds and insurance firms cut orders due to low yields, traders said on Thursday. The Debt Management Office (DMO) offered 135 billion naira worth of bonds maturing in 2021, 2027 and 2037, but investors shunned the auction to take positions in the relative liquid secondary market….

Nigeria launches $200 mln fund to help local oil and gas firms

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LAGOS (Capital Markets in Africa) – Nigeria launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms, the oil minister said, part of a government drive to improve access to low-cost credit across the economy. The Nigerian Content Development Fund (NCDF) would be financed through allocating the fund one percent of the value of all contracts awarded in the state-run upstream oil and gas industry, Petroleum…

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