Features

LAGOS (Capital Markets in Africa) – Nigerian Senate President Bukola Saraki is considering running against President Muhammadu Buhari when Africa’s top oil producer holds elections in February. “I am consulting and actively considering it,” Saraki, 56, said Tuesday in an interview at his residence in the capital, Abuja. “I believe I can make the change.” After recently defecting from the ruling All Progressives Congress, Saraki said that if he decided to run, it would be under the banner of…

LAGOS (Capital Markets in Africa) – Curtailment of renewables, disconnecting wind and solar when there’s too much electricity entering the grid, will be a common feature of Europe’s power system as more intermittent generation is added. That much is clear. Yet this excess electricity is probably going to create new opportunities rather than simply go to waste. Some new openings are already familiar – such as battery storage or demand response – and newer activities…

LAGOS (Capital Markets in Africa) – That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and the wider emerging-market selloff would stay the hand of Chairman Jerome Powell from raising interest rates. While international developments did cause the U.S. central bank to hold back in 2015 and 2016, there are big differences between now and then. U.S. unemployment was higher and underlying inflation was lower. But perhaps more importantly, the…