Features | - Part 153

Ghana President Seeks to Barter Bauxite for Roads, Bridges

ACCRA (Capital Markets in Africa) – Ghana will finalize details of an infrastructure program before the end of the year and will pay for it with refined bauxite, said President Nana Akufo-Addo. The West African nation is seeking to derive more value from its bauxite resources by expanding the country’s processing capacity. Last year, Ghana said it signed an agreement with China that may culminate in the development of a $10 billion bauxite venture that will include the…

Tillerson Heads to Africa With Security, Not Aid, as Focus

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Secretary of State Rex Tillerson begins his first official trip to sub-Saharan Africa with a pledge to help shore up trade, civic freedom and good governance in countries that President Donald Trump has harshly criticized. Tillerson arrived on the continent Wednesday with the Trump administration advocating cuts of more than a third in aid to African countries and programs, along with deep reductions to global health initiatives. With several U.S. allies struggling to…

Buhari Grapples With Widening Crises as Nigerian Vote Looms

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Islamist militant attacks, gasoline shortages, worsening violence over grazing land, simmering unrest in the southeast — the crises keep mounting for Nigerian President Muhammadu Buhari less than a year before general elections. The most recent setback came on March 1 when suspected Boko Haram Islamist militants killed three United Nations aid workers and eight soldiers in an attack in the north-eastern town of Rann, about two weeks after they kidnapped more…

FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Posted on by The Editorial Team

The impact of Blockchain, AI, Mobile Money, Digital Wallets and Payment innovations are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to Incumbent Banks in Africa and kickstart new growth opportunities Johannesburg, South Africa: Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South…

Zimbabwe Is Said to Be Ready to Quit Mugabe Policies Before Vote

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwe’s ruling party plans to bolster its campaign for this year’s general elections by jettisoning former President Robert Mugabe’s “look east” policy toward China and Russia and adopt some of the opposition’s key initiatives, according to three senior party officials. Since Emmerson Mnangagwa replaced Mugabe as president after a military intervention in November, the authorities in Harare, the capital, have shown a willingness to re-engage with western nations and institutions in an…

Al-Qaeda Militant Raids Erode Malian President’s Popularity

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – Foreign travel is the first thing that comes to mind when Malian lettuce farmer Moussa Samake thinks about President Ibrahim Boubacar Keita. Nicknamed “the carrier pigeon” for his frequent trips abroad, Keita, 73, is expected to seek re-election in July after a five-year term marred by growing insecurity in the landlocked West African nation. His failure to halt a steady rise in deadly jihadist attacks has left many Malians disillusioned…

Africa’s Richest Woman Denies Illegal Transfer at Oil Firm

Posted on by The Editorial Team

LUANDA (Capital Markets in Africa) -Isabel Dos Santos, the billionaire fired as chairwoman of Angola’s state oil company last year, denied any wrongdoing in the transfer of $38.2 million from the company and said the allegations were politically motivated. The allegations, made by Sonangol’s Chairman Carlos Saturnino are the latest salvo in a crackdown on the interests of the family of former President Jose Eduardo Dos Santos, who ruled the continent’s second-biggest oil producer for almost four decades….

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