Features | - Part 193

Kenya’s Top Court Expected to Uphold Kenyatta’s Election Win

NAIROBI (Capital Markets in Africa) – Kenya’s top court will decide over the next two weeks whether to nullify the outcome of this month’s presidential elections that the main opposition says were rigged. Most legal experts and political analysts expect President Uhuru Kenyatta’s victory to be upheld. Opposition leader Raila Odinga alleges that members of the ruling party hacked the electoral authority’s computers to deliver Kenyatta, 55, a second term. Odinga’s five-party National Super Alliance initially ruled out…

Africa’s Richest Man Will Fire Wenger If He Buys Arsenal

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigerian billionaire Aliko Dangote’s first order of business if he succeeds in buying English Premier League soccer club Arsenal will be to fire the manager, Arsene Wenger. Dangote, Africa’s richest man with a net worth of $11.1 billion, has coveted the team since becoming a supporter in the mid-1980s, he said in an interview. He’ll consider making an offer once the construction of an $11 billion oil refinery in Nigeria’s commercial capital, Lagos, is completed…

No Witch Hunt’ for S. Africa’s ANC Rebels, Mantashe Says

Posted on by The Editorial Team

Johannesburg (Capital Markets in Africa) – South Africa’s ruling African National Congress won’t try to expose its lawmakers who voted in secret with the opposition in the no-confidence motion against President Jacob Zuma, the party’s secretary-general said. “There will be no witch hunt for those who voted with the opposition,” Gwede Mantashe said in a post on his Twitter account on Tuesday. “We don’t know who voted what way.” More than two dozen members of the ANC backed…

Egypt’s Quarterly Tourism Revenue Triples as FX Crisis Eases

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt’s tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another step in the country’s economic recovery from a crippling dollar shortage. Tourism revenue rose to $1.5 billion in the fourth quarter that ended June 30, from $510 million in the same period a year ago, according to initial central bank data that it shared with Bloomberg. Full-year receipts rose 16…

FinTech is Accelerating the Digital Transformation of Banking in Africa

Posted on by The Editorial Team

Due to their potent blend of trail‐blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, further spur incumbent banks to rapidly ramp‐up their own innovation initiatives to meet the financial needs of under‐served markets across the continent. August 2017, Addis Ababa, Ethiopia: FinTech players are increasingly becoming an important part of the fabric of Africa’s financial services ecosystem and the leading…

Cybercrime growth highlights need for short- and long-term ICT education plans in South Africa

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The Joburg Centre for Software Engineering’s (JCSE) seventh annual ICT skills survey showed that South Africa continues to lag behind other African countries, such as Kenya, Nigeria, and Egypt, in information communication technology (ICT) skills training and an emphasis on the contribution that technology plays in contributing to economic growth. In the current environment of increasing cybercrime attacks globally, this makes the need to upskill our citizens even more…

Thomson Reuters Offers Financial Professionals Market Data & Analysis For Current And Upcoming Africa Elections

Posted on by The Editorial Team

Decision Africa App provides key economic data for Kenya, Angola, Liberia, and Mali Johannesburg, 10 August 2017 – Thomson Reuters has launched a dedicated Decision Africa app on its flagship desktop product Eikon. The app provides financial professionals with comprehensive market and data leading up to and after the elections in Kenya (8th August), Angola (23rd August), Liberia (10th October), and Mali (29th October). The app features a chart book page of all four countries…

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