Features | - Part 165

EU to Rubber-Stamp Tax Blacklist as It Takes on Tech Giants

LONDON (Capital Markets in Africa) – The European Union is set to agree on a blacklist of tax havens that could potentially face sanctions for failing to bring their standards in line with the bloc, as it seeks to further step up its fight against opaque practices that facilitate avoidance by multinationals and individuals. The group of jurisdictions is set to be rubber stamped by EU finance ministers at a meeting in Brussels on Tuesday. According to a…

Ramaphosa Wins Most Endorsements in S. Africa’s ANC Campaign

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – President Cyril Ramaphosa won endorsement from most African National Congress branches to succeed President Jacob Zuma as ruling party leader, giving him an edge — but not a guarantee of victory — in this month’s election. Ramaphosa was nominated for the presidency of the ANC by 1,862 branches, while 1,309 backed his main rival Nkosazana Dlamini-Zuma, tallies released by the party’s nine provincial structures and collated by Bloomberg show. The branches will account for 90 percent of…

Online Fantasy Games Pay Real Money for Desperate Venezuelans

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – They start arriving even before the security shutters at the west Caracas storefront roll up at about 8:30 a.m. For 11 hours a day, they’ll hunch over old-fashioned cathode-ray tube monitors and bang on greasy keyboards in a dim space with a boarded-up window and a blanket of dust. They pause just long enough to smoke cigarettes in the stairwell. And if someone lingers too long, another eager person claims their seat and…

Supreme Court Lets Trump Travel Ban Take Full Effect for Now

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A divided Supreme Court let President Donald Trump’s ban on travel to the U.S. from six mostly Muslim countries take full effect while legal challenges go forward, handing him a major victory and suggesting the court ultimately will uphold the restrictions. Trump will now be able to bar or limit entry by people from the Mideast and North African nations even if they have a relationship with a U.S.-based person…

Former Nigerian Vice President Abubakar Joins Opposition PDP

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s former vice president Atiku Abubakar, a potential candidate for 2019 presidential elections, announced that he has re-joined the opposition People’s Democratic Party that he helped found. Abubakar said in a video posted to his Facebook account that the ruling All Progressives Congress Party, or APC, which he quit last month, had failed to improve lives and create the 3 million jobs a year it had targeted. “I left the PDP four…

South Africa’s Economic Heartland Backs Ramaphosa in ANC Race

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African Deputy President Cyril Ramaphosa won the backing of African National Congress members in the nation’s economic heartland and extended his early lead in the nomination process to succeed President Jacob Zuma as head of the ruling party this month. Ramaphosa won the endorsement for the ANC presidency from 374 branches in Gauteng, tallies released Saturday at a party meeting in Pretoria, the capital, show. That’s the fourth province to back him. His…

Rio Tinto Picks Thompson for Chairman as Investors Seek Discipline

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Rio Tinto Group named industry veteran Simon Thompsonas chairman after shareholders rejected a plan to install a renowned dealmaker — reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive director at Anglo American Plc, will succeed Jan du Plessis from March 5, London-based Rio said Monday in a statement. Du Plessis, who’s held the post since 2009, is stepping down after taking up…

« 1 … 163 164 165 166 167 … 259 »