The Editorial Team |

epic ERP teams up with CentralCloud to roll out cloud-based ERP solution to the African market

JOHANNESBURG – June 14, 2017 – epic ERP, a value added Epicor enterprise resource planning (ERP) software reseller, has joined forces with CentralCloud to bring clients within Sub-Saharan Africa the flexibility and scalability of an end-to-end, feature rich cloud-based ERP solution. CentralCloud is associated with Alviva Holdings, one of Africa’s largest providers of information and communication technology products and services. “While Epicor cloud-deployed ERP has brought customer success to hundreds of companies globally, epic ERP…

Don’t Fear the Fed, EM Currencies Can Do Well, Societe Generale

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LAGOS (Capital Markets in Africa) – Emerging-market currencies should comfortably ride out coming Federal Reserve monetary tightening, according to Societe Generale SA. The Fed’s slow and steady approach — expectations for hikes beyond Wednesday’s widely expected 25-basis-point move seem “extraordinarily subdued” — ensures that emerging market currencies will feel little impact, and carry trades will remain a viable strategy over the coming quarter, said Jason Daw, SocGen’s head of emerging-market foreign-exchange strategy in Singapore. “EM currencies…

South Africa Business confidence down sharply in the second quarter

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JOHANNESBURG (Capital Markets in Africa) – After hovering in net negative terrain between 32 and 42 index points over the past year, the RMB/BER Business Confidence Index (BCI) collapsed by 11 points to 29 in the second quarter. This means seven out of every 10 respondents are downbeat about prevailing business conditions. We last saw such despondency during the 2009 recession. Striking too is the fact that each of the five sectors covered in the…

`Battle-Hardened’ Investors May Need to Go Easy on African Bonds

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LAGOS (Capital Markets in Africa) – Such is the demand for African Eurobonds these days that not even army mutinies are scaring investors. That may not be the case for much longer. Investors have become “battle-hardened” in their quest for yield, according to Union Bancaire Privee Ubp SA, with issuance from the continent reaching $12.7 billion in 2017, already a full-year record. Less than a month after soldiers rebelled in Ivory Coast, the West African nation attracted $10…

Infrastructure | AIIM acquires 44% stake in Mali Energy Farm

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BAMAKO (Capital Markets in Africa) – African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and transfer a 90 megawatt (MW) thermal power station in Kayes, western Mali and it will be the West African nation’s first independent power project (IPP) to feed into the national grid. Jurie Swart, AIIM’s…

Tanzanian Government Accuses Acacia of Mining Gold Illegally

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DAR ES SALAAM (Capital Markets in Africa) – Tanzania’s government accused Acacia Mining Plc of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. An audit ordered by President John Magufuli in March found that Acacia had been conducting business in Tanzania “contrary to the law,” Nehemiah Osoro, chairman of a committee of academics, lawyers and economists that conducted the probe, said at a briefing Tuesday in the…

Biggest Kenyan Bank Makes Takeover Bid for State-Owned Rival

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NAIROBI (Capital Markets in Africa) – Kenya’s biggest bank by assets offered to buy a state-owned lender as the industry struggles to cope with interest-rate caps that have cut profits and curbed lending. KCB Group Ltd. provided an expression of interest to the Treasury to acquire a controlling stake in National Bank of Kenya Ltd., Judith Odhiambo, a spokeswoman for Nairobi-based KCB, said in an emailed response to questions on Monday. “Further details will, however, be provided in…

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