The Editorial Team |

Kenya Presidency Race Narrows, Run-Off Likely, Pollsters Say

NAIROBI (Capital Markets in Africa) – The race for Kenya’s presidency between incumbent Uhuru Kenyatta and opposition leader Raila Odinga has tightened less than three weeks before election day, with polls showing both candidates lack the support to avoid a second-round vote. Odinga, a former prime minister, is backed by 47 percent of voters, while Kenyatta is at 46 percent, according to a poll by Infotrak released in the capital, Nairobi, on Sunday. A separate survey by Ipsos showed…

It Isn’t Tesla That’s Driving German Cars Off the Road

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Just as Germany’s car industry seemed to be turning a corner after the diesel emissions scandal, along comes another potentially credibility-shredding story. Volkswagen AG (and its Porsche and Audi subsidiaries), BMW AG and Daimler AG may have colluded for decades to agree on technical standards, thereby impeding competition, Der Spiegel reported on Friday. While the scope of any wrongdoing or potential fines are very unclear, these cartel allegations may yet impose a heavy financial…

NPF Regtech Leaders Forum: Building a Network of Industry Influencers

Posted on by The Editorial Team

The NextGen Payments – Regtech Leaders Forum 2017, continuing the NextGen Payments events series, is set to launch on September 6-7 in Brussels. The event will address the accelerating digitalisation and automatisation of the finance sector – from regulatory changes and newest compliance practices to AI and robotics integration; its present day effects and the future of personal and business finances. This exclusive event will include participants from all over Europe, Australia, Russia, the Middle…

Mining Clash Heats Up as South Africa Seeks Rights Freeze

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s mines minister has struck back at attempts by the industry to fight his controversial new industry rules with a proposal to indefinitely freeze granting and renewing mining rights. Minister Mosebenzi Zwane said Thursday that the moratorium is necessary to ensure that no rights are approved without being subject to the new regulations, which he has agreed to suspend pending an initial court judgment. The Chamber of Mines, which represents the industry, will…

Why Ghana Central Bank May Cut Key Interest Rate

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghana’s central bank may cut its key interest rate for a third straight meeting with inflation at its slowest in four years and a strengthening currency. Consumer-price growth has tumbled 7.1 percentage points since reaching an all-time high of 19.2 percent in March last year. While the cedi weakened to a record low against the dollar on March 2, it has strengthened 8.2 percent since then. The median of seven economists’ estimates…

Nigeria’s Former Ruling Party in Opposition Coalition Talks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s former ruling party is in talks with other opposition groups to build a new coalition to try to prevent its main rival, the All Progressives Congress led by President Muhammadu Buhari, from winning a second term in the West African nation’s next vote in 2019. “We’re talking to more than 16 political parties to see how we can come and work together,” Ahmed Makarfi, chairman of the People’s Democratic Party,…

Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about the thieves who’d shut him down. As much as 30 percent of the oil sent by pipelines through the swampy Niger River delta is stolen, consultant Wood Mackenzie Ltd. estimates. That’s…

« 1 … 665 666 667 668 669 … 1,073 »