South African Reserve Bank Names First Woman to MPC Since 2014

South African Reserve Bank Names First Woman to MPC Since 2014

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Reserve Bank named the first woman to the Monetary Policy Committee in more than three years, bringing the rates-setting panel to seven members. Fundi Tshazibana will become an adviser to Governor Lesetja Kganyago and his three deputies from Feb. 19, the central bank said in an emailed statement on Tuesday. She’s the first woman to join the MPC since former Governor Gill Marcus stepped down in November 2014. While the MPC…

Read More

Liberia’s Ruling Party Expels Outgoing President Johnson Sirleaf

Liberia’s Ruling Party Expels Outgoing President Johnson Sirleaf

MONROVIA (Capital Markets in Africa) – Liberia’s ruling party expelled outgoing President Ellen Johnson Sirleaf, saying she violated the party’s rules by not supporting its candidate, who was defeated in last month’s presidential election. The Unity Party’s executive committee voted on Saturday to expel Johnson Sirleaf because she campaigned against Vice President Joseph Boakai in the election, according to an emailed statement from the party. Three other party officials were also expelled. “The behaviour of the expelled persons…

Read More

Ramaphosa Treads Carefully in Sidelining Zuma in South Africa

Ramaphosa Treads Carefully in Sidelining Zuma in South Africa

JOHANNESBURG (Capital Markets in Africa) – Less than a month after Cyril Ramaphosa assumed the leadership of South Africa’s ruling party, he’s taking a diplomatic tack as he moves to stamp his authority over Jacob Zuma’s scandal-ridden government. Ramaphosa, speaking in a television interview broadcast Sunday by Johannesburg-based eNCA, said the African National Congress has to be careful about deciding on Zuma’s future as the nation’s leader before he’s due to step down in 2019 when general elections…

Read More

H&M Caught in Controversy Over Black Child in `Monkey’ Hoodie Ad

H&M Caught in Controversy Over Black Child in `Monkey’ Hoodie Ad

LONDON (Capital Markets in Africa) – Hennes & Mauritz AB has started 2018 at the centre of an embarrassing controversy after the Swedish clothes retailer published an ad showing a black child modelling a hoodie with the text “coolest monkey in the jungle.” The company has pulled the garment in question from its stores and apologized. H&M also said it agreed with those who were upset by the image, which appeared in its online store. The…

Read More

Digital Signage for Businesses: Is It a Worthy Investment?

Digital Signage for Businesses: Is It a Worthy Investment?

In the world of business promotion, what matters most is the promptness, clarity and attractiveness of the message that is being relayed to the target market. Over the years, many forms of signage have been used by businesses to get their messages to potential customers. For instance, over the past centuries, several decades ago and even now, wooden boards and vinyl banners have been used. However, they have had major shortcomings in getting the message…

Read More

Tanzanian Probe Finds Airtel Unit Was Privatized Illegally

Tanzanian Probe Finds Airtel Unit Was Privatized Illegally

DAR ES SALAAM (Capital Markets in Africa) – A Tanzanian probe found that the local unit of Indian mobile-phone company Bharti Airtel Ltd. was originally transferred from the state illegally and the government will start talks to retake what it says is its rightful share of the business. The investigation discovered that the initial privatization of Tanzania Telecommunications Corp. “broke the law, regulations and procedure,” according to a statement from President John Magufuli’s office that quoted Finance Minister Philip…

Read More

Kenya: 2018 Real Estate Investments Opportunities and Trends

Kenya: 2018 Real Estate Investments Opportunities and Trends

What real estate investor should look for in 2018? The economy is expected to rebound in 2018 following a difficult 2017. Some of this rebound will trickle down to the Real Estate market but developers and property owners should not expect things to normalize immediately. In this instance, where should Real Estate Investors focus their attention in 2018? Key 2018 Macroeconomic trends 2017 saw a significant reduction in consumer spending and both local and international…

Read More
1 157 158 159 160 161 258