The Editorial Team |

Old Mutual to cut stake in asset management arm via offering

JOHANNESBURG (Capital Markets in Africa) – Financial services group Old Mutual Plc said it would sell 13 million shares in its OM Asset Management Plc arm through a public offering, as the group prepares to split into its four main businesses. The proposed split was revealed in March as regulatory changes in Europe and South Africa have made Old Mutual, which started out in 1845 as a life insurance firm in Cape Town, more complex…

Navigating the Business Environment in Africa under the “New Normal”

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Macro-economic instability fuelled by low oil prices and global economic sentiment will continue to be the main driver of business risks across West Africa in 2017. Governance improvements and the embedding of certain democratic practices and norms will limit the scope of potential for deterioration, but challenges will still persist. Cyber-attacks are advancing in nature. Businesses will become increasingly vulnerable until the impact of cyber risks on their operations…

Marriott International debuts First Hotel in West Africa in Conakry

Posted on by The Editorial Team

CONAKRY (Capital Markets in Africa) – Sheraton Hotels & Resorts, part of Marriott International, Inc. (NASDAQ:MAR), today announced the debut of Sheraton Grand in Africa with opening of Sheraton Grand Conakry, welcoming it to the brand’s premier tier of hotels recognized for their exciting destinations, distinguished designs, and excellence in service and guest experiences. The newly built hotel marks Marriott International’s entry into Guinea, West Africa and joins a portfolio of more than 35 Sheraton…

AfDB approves the first Multi-jurisdictional Fixed Income ETF in Africa

Posted on by The Editorial Team

PORT LOUIS (Capital Markets in Africa) – The African Development Bank (AfDB) has appointed MCB Investment Management (MCBIM), a subsidiary of MCB Capital Markets, as Fund Manager for its first multi-jurisdictional Fixed Income Exchange Traded Fund (ETF) in Africa. The Board of Directors of the AfDB has also approved a seed equity capital investment of USD 25 million for the ADBF. The primary objective of the African Domestic Bond ETF (ADBF) is to encourage bond…

Crowding the private sector into Africa’s climate action

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax. However, there is cautious optimism that his presidency will not overturn the global agenda on climate change. Hopefully, his views on climate change will change and…

Ghanaian President-Elect Akufo-Addo Walks in Father’s Steps in Rise

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghanaian president-elect Nana Akufo-Addo’s family is such an institution in the West African nation that his father’s portrait is printed on its currency. So is his uncle’s. A lawyer and former foreign minister, Akufo-Addo has always been a public figure. He won last week’s election against incumbent President John Mahama after vowing to create jobs, encourage mining of untapped bauxite deposits and boost agriculture in the impoverished north by building…

Ethiopia’s Foreign Investment Stalls After Attacks on Businesses

Posted on by The Editorial Team

Addis Ababa (Capital Markets in Africa) – Foreign investment in Ethiopia is stalling after a series of demonstrations against international companies. Investment was about $500 million in the three months ended Oct. 10 compared with the same period a year earlier, according to Investment Commissioner Fitsum Arega. Foreign investment had gained 20 percent a year on average for the past six years, including a 50 percent jump last year, he said by phone from Addis…

« 1 … 780 781 782 783 784 … 1,077 »