The Editorial Team |

Orange Launches Entrepreneur Club for start-ups in Africa

LAGOS, Nigeria, Capital Markets in Africa — Orange is launching the Entrepreneur Club, a new space for information in French and English devoted to entrepreneurs in Africa and the Middle East. The website (http://entrepreneurclub.orange) is a source of information for entrepreneurs that puts them in touch with a variety of instruments from Orange that support entrepreneurship. The Entrepreneur Club also provides practical information and tools for company creation. Orange supports start-ups in Africa and the…

WCA EXECUTIVE INVESTMENT SUMMIT & CEO FORUM 2016: MARCH 15-16, Sheraton Addis Ababa.

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Please join Capital Markets in Africa (Event Partner) at one of Africa’s most dynamic and high impact Pan-African “Executive” Summits with a unique track record of delivering tangible results for executives and investors! DOWNLOAD PROGRAM direct from Website for full list of Speakers & Segments: http://www.wcaexecsummit2016.com/program.htmlREGISTER Today at: www.wcaexecsummit2016.com US$500 with Capital Markets Africa discounted promotional code “markets” plus Hotels from US$125/night and Ethiopian Airlines discounts (12%-15%) for registered delegates No Visa or Visa on arrival…

Ghana is willing to revise 2016 Budget if need be, Finance Minister says

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ACCRA, Ghana, Capital Markets in Africa — Ghana is reviewing its budget for 2016 and is ready to revise it if necessary, Minister of Finance Seth Terkper said. The government is monitoring oil prices and will go to Parliament with revisions if prices continue to plunge, he told reporters in Accra, the capital, on Tuesday. There is “strong political will” backing fiscal consolidation, he said. “We are weighing options and scenarios and may go to cabinet and parliament to…

Nigeria Aims to Resuscitate Ajaokuta Steel Mill in 2016 — Dr. Fayemi

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LAGOS, Nigeria, Capital Markets in Africa — Nigeria is aiming to hand over the US$4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Dr. Kayode Fayemi, Nigerian Minister of Solid Minerals Development, stated. The Minister explained that construction of Ajaokuta, which lies on the Niger River and was supposed to have an installed capacity of 5 million metric tons of steel a year,…

Nigeria’s Treasury Single Account boosts revenue and reduces borrowing — Kemi Adeosun Says

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LAGOS, Nigeria, Capital Markets in Africa — Nigeria’s Finance Minister Kemi Adeosun said the government had collected more than 2.2 trillion naira (US$11 billion) since consolidating revenue into a single account tagged Treasury Single Account (TSA) and this may help reduce Nigeria’s borrowing requirements. The Finance Ministry will determine how much of the funds in the TSA will be used to fund the 2016 budget and what will be left to pay for pending expenditure commitments, Mrs. Kemi Adeosun…

Egypt Plans Eurobond Sale to Ease Pressure on Reserves

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CAIRO, Egypt, Capital Market in Africa — Egypt plans to tap international bond markets in the second quarter this year, Prime Minister Sherif Ismail said, in order to preserve foreign reserves amid a slowing global economy. Egypt has approved a bond-issuance program of up to US$10 billion, and in June 2015, it raised US$1.5 billion of Eurobonds as part of the program. The government plans to issue another US$1.5 billion in the fourth quarter of 2015 but…

Ethiopia to build 4 Agro-Processing industrial Parks

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ADISS ABABA, Ethiopia, Capital Markets in Africa — Ethiopia plans to construct four Agro-processing industrial parks at a cost of US$30 billion, construction is scheduled to start in September 2015, according to Foreign Affairs Ministry, Ethiopia. The decision was announced after meeting between Prime Minister Hailemariam Desalegn, federal, regional government officials. This is in-line with the country’s Growth and Transformation Plan (GTP), which aimed to transform Ethiopia to an industrialized economy and increase the per…

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