Features | - Part 203

South Africa Miners Seek Policy Clarity to Boost Spending

JOHANNESBURG (Capital Markets in Africa) – South Africa needs to finalize its long-delayed mining regulations if falling investment in the sector is to be reversed, according to the Chamber of Mines, which represents producers. Fixed investment in mining dropped in each of the past two years after growing at an average annual rate of 12 percent from 2001 to 2008 and 2 percent from 2009 to 2014, Chamber Chief Executive Officer Roger Baxter told reporters in Johannesburg on…

High Noon for President Zuma as Key ANC Leaders Seek Ouster

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma faces a key battle for his political survival this weekend when senior members of his ruling party say they’ll push for its decision-making national executive committee to order him to step down. Zuma, 75, goes into the meeting of the committee facing an unprecedented level of opposition from within the African National Congress and its labor and communist supporters following a series of scandals he’s faced since…

Gambia Talks With China, Norway Investors to Revive Economy

Posted on by The Editorial Team

BANJUL (Capital Markets in Africa) – Gambian officials are holding talks with Chinese and Norwegian investors on infrastructure projects to drive economic growth in the West African nation after decades of dictatorship, a minister said. “We want investors that will understand the situation we are emerging from,” Trade, Industry and Regional Integration Minister Isatou Touray said in a May 22 interview in the Nigerian capital, Abuja. “We hope investors will see that Gambia is no longer…

The dark, dangerous, and insanely profitable world of DDoS attacks

Posted on by The Editorial Team

JOHANNESBURG – May 24, 2017 – Imagine a business model with a 95 percent profit margin. As wonderful as this sound, this business is certainly not something that most would want to get into. We’re talking, of course, about the criminal enterprise of Distributed Denial of Service (DDoS) attacks. This form of cyber-crime has grown exponentially over the past few years, giving CIOs and digital business leaders sleepless nights about whether they’ll be the next…

Miners Ask Congo to Adjust Tax Repayments for Franc Slump

Posted on by The Editorial Team

DR CONGO (Capital Markets in Africa) – Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210 million collectively. Federation des Entreprises du Congo, the country’s largest business lobby group, sent the request in a letter to Finance Minister Henri Yav Mulang on May 5. John Nkono, the secretary-general of the FEC’s Chamber of…

Africa poised as the next big thing in emerging-market stocks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – With plenty of economic and political issues surrounding Africa, many investors are hesitant on whether they should invest in this emerging market. The continent is consistently appearing in the news due to the fact it is struggling to contend with illnesses such as Ebola as well as the many armed conflicts that are being documented, which is making Westerners uneasy. In fact, the continent barely appears on some investors’…

First Quantum Asks Zambian Attorney General to Block Charges

Posted on by The Editorial Team

LUZAKA (Capital Markets in Africa) – First Quantum Minerals Ltd. has asked Zambia’s attorney general to block criminal proceedings that may be brought against its directors by the state-controlled mining-investment company. The copper producer, based in Vancouver, said it’s been “reliably informed” that ZCCM Investments Holdings Plc is considering charging its directors, Matt Pascall, operations director at First Quantum, said in a letter to the attorney general, a copy of which was sent to Bloomberg and confirmed by…

« 1 … 201 202 203 204 205 … 259 »