Features | - Part 166

Facilitating Cross-Border Capital Flows to Grow the China Green Bond Market

LONDON/SHANGHAI: Climate Bonds Initiative and the Lujiazui Green Finance Development Committee will today launch. This groundbreaking new report explores the challenges of increasing inter-country capital flows into China’s green bond market and puts forward potential measures and solutions to facilitate capital investment that supports the expansion of green finance and the green bond market. Produced in partnership with China Chengxin Credit Rating Group (CCX) and with the support of the Foreign and Commonwealth Office (FCO)…

Bitcoin Haters Don’t Get Its Gold-Like Qualities, Goldman Says

Posted on by The Editorial Team

LAGOS (Capital Market in Africa)- Bitcoin is a commodity with many similarities to gold, and the volatility that has sparked investor concern stems mainly from its lack of liquidity, said Jeff Currie, global head of commodities research for Goldman Sachs Group Inc. “I don’t see why there is all this hostility to it,” Currie said in an interview on Bloomberg Television. Bitcoin is “not much different than gold” because it doesn’t have liability attached to it by…

Glencore, Chad Are Said to Deadlock on $1 Billion Debt Deal

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Talks between Chad, Glencore Plc and a group of banks to restructure more than $1 billion in debt have stalled after the African nation rejected the commodities trader’s latest proposal to delay repayment of an oil-for-cash loan, according to people familiar with the negotiations. The negotiations reached a stalemate after five months of on-and-off talks, with both sides rejecting the other’s offers and counter offers, said the people, who asked not…

Novogratz Says Crypto Will Be Biggest Bubble of Our Lifetime

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – One of the biggest bitcoin bulls on Wall Street says cryptocurrencies are in a massive bubble. He’s still starting a $500 million fund to invest in them. “This is a bubble and there is a lot of froth. This is going to be the biggest bubble of our lifetimes,” hedge fund manager Mike Novogratz said at a cryptocurrency conference Tuesday in New York. Novogratz, who’s says he began investing in…

Zimbabwe Leader Sets 90-Day Deadline to Return Stolen Cash

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean President Emmerson Mnangagwa ordered anyone who had illegally moved cash and assets out of the southern African nation to return them within three months or face arrest. “Huge sums of money and other assets” have been taken by “certain individuals and corporates,” Mnangagwa said in a statement Tuesday without naming them. He urged those responsible for “a very serious economic crime against the people of Zimbabwe” to act before the end…

Kenya President Vows Unity as He Begins Disputed Second Term

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan President Uhuru Kenyatta vowed to unite his country as he was sworn in for a second term amid opposition protests, capping months of electoral uncertainty that unnerved investors in East Africa’s biggest economy. Opposition leader Raila Odinga, who has vowed not to recognize Kenyatta’s victory in an October election rerun, boycotted Tuesday’s ceremony in the capital, Nairobi and said he’ll be sworn-in as Kenya’s leader by supporters next month. Police fired…

Mercedes Plans More Drone Deliveries After 100 Perfect Flights

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Mercedes-Benz, conducting the biggest test using drones to ship everyday items like ground coffee and cellphones, said the mini aircraft completed 100 drop-offs to strategically placed vans in Zurich with a perfect safety record and more deliveries are planned for next year. About 50 individual customers placed orders with Swiss online shopping platform Siroop, choosing “airmail deals” from selected items from retailer Black & Blaze Coffee Roasting Co. for same-day delivery. The drones…

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