Features

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari declined to sign an oil-industry reform bill passed by lawmakers and indicated his concerns in a letter to the legislature, a senior aide said. “The president has declined assent in a letter he sent to the National Assembly about a month ago,” Eta Enang, the presidential adviser on legislative affairs, told reporters Wednesday in Abuja, the capital. “It doesn’t mean that the bill is completely dead,” he…

HARARE (Capital Markets in Africa) – European and British diplomats proposed the creation of a U.K.-style parliamentary opposition structure in Zimbabwe to reduce political tensions after last month’s disputed presidential election. EU and U.K. emissaries met senior members of the ruling party and the opposition in the past 10 days to discuss the proposals, according to three people familiar with the talks who asked not to be identified because they aren’t authorized to speak to…

JOHANNESBURG (Capital Markets in Africa) – South Africa’s main labor group is pushing parliament to adopt proposed changes to laws regulating the continent’s biggest money manager, which oversees state workers’ pensions, to make it more accountable and give unions representation on its board. Parliament’s finance committee is processing the Public Investment Corp. Amendment Bill, but the Congress of South African Trade Unions fears the state’s decision to appoint a commission to investigate the fund manager’s governance and…

Join 300+ asset managers, fund selectors, and industry experts + from key African and Middle Eastern-focused businesses attending FundForum Middle East and Emerging Markets 2018, the asset and wealth management event for MENA, emerging and frontier markets. You’ll participate in the executive-level conversation with 100+ top speakers and receive 2 full days of exclusive content & best-practice strategies for navigating the Global Investment Management landscape.  Confirmed speakers include: Steve Eisman, Managing Director, Neuberger Berman Nadim…

The 2nd Edition of The Real Estate Development Summit – West Africa is all set to take place in Accra, Ghana in October. With a vibrant growth trajectory across the Real Estate industry of all regions of West Africa, the summit comes with a dynamic and investment intensive backdrop. Commercial activity is relocating its preferred destinations across African destinations and with tourism on the rise, Africa is seeing a rapid increase in demand for new…

LUANDA (Capital Markets in Africa) – Angola’s sovereign wealth fund made an unfair case when it accused the son of the country’s former president of involvement in a “dishonest conspiracy” over the management of assets, a London judge ruled on Thursday. The fund breached a duty to make a fair presentation, judge Andrew Popplewell said in a ruling, which re-stated a decision to overturn a $3 billion freeze order on assets linked to the sovereign wealth fund….