The Editorial Team |

New F5 software advances application security, management, and orchestration

JOHANNESBURG (Capital Markets in Africa) – F5 Networks’ software-based solutions that enable customers to seamlessly integrate availability and security services, simplify device management, and better orchestrate IT infrastructure are now available in more than 20 African countries from value-added distributor, Networks Unlimited. To lower costs and boost efficiency, organisations are evolving toward more dynamic infrastructure models that combine physical, virtual, and cloud components. Supporting this transition, F5’s innovative, versatile solutions give customers the ability to…

Egypt’s Banque Misr seeks central bank-guaranteed syndicated loan

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biggest lenders by assets, is raising a five-year syndicated loan guaranteed by the country’s central bank, sources close to the situation said. The bank has mandated ADIB Capital and Credit Suisse to arrange the transaction, which was launched to syndication in the second half of November. ADIB Capital is the investment banking arm of Abu Dhabi Islamic Bank’s Egyptian subsidiary. The loan, an amortising facility, is expected to be about $350 million and offers a…

Morocco’s economy is diversified and resilient, IMF Says

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CASABLANCA (Capital Markets in Africa) – An International Monetary Fund (IMF) staff team led by Nicolas Blancher visited Morocco from November 16 to December 1, 2016, to conduct discussions with the Moroccan authorities on the 2016 Article IV consultation, as well as on the first review under the Precautionary and Liquidity Line (PLL) arrangement approved in July 2016. The discussions focused on increasing the resilience and the potential of the Moroccan economy. At the conclusion…

Conflict Diamonds from CAR Entering International Markets via Cameroon

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YAOUNDE (Capital Markets in Africa) – Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, Partnership Africa Canada (www.PACweb.org) said in a report published today. The full report can be accessed at: http://bit.ly/fromconflicttoillicit The report, From Conflict to Illicit: Mapping the Diamond Trade from Central African Republic to Cameroon, investigates the failure of Cameroon’s implementation of…

South Africa’s Key growth areas for Private Equity in 2017

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JOHANNESBURG (Capital Markets in Africa) – With the International Monetary Fund predicting 0.8% GDP growth for South Africa in 2017, it is clear that there is a critical need to find an effective model outside of the public and listed company sectors to fund the projects required to stimulate growth. According to Paul Boynton, CEO of Old Mutual Alternative Investments, one of the most underutilised opportunities to drive economic growth in South Africa is through…

Futuregrowth invests R300m in South Africa’s SA Taxi

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JOHANNESBURG (Capital Markets in Africa) – SA Taxi today announced that it has secured R300-million in funding from Futuregrowth Asset Management, which will be used to provide financing to the company’s Zebra Cabs owner-driver scheme. SA Taxi, South Africa’s largest financier of minibus taxis, acquired Zebra Cabs metered taxis in 2015 as the certified developmental credit provider sought to expand its business activities into relevant adjacent markets. Mark Herskovits, SA Taxi Capital Markets Director, explains…

Africa is still a difficult region for paying taxes – PwC

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JOHANNESBURG (Capital Markets in Africa) — Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com). Download the report: http://www.APO.af/PwC Released today, the report finds that the Total Tax rate decreased by 0.1 percentage points to 40.6 percent; time to comply declined by 8 hours to 251…

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