Features | - Part 210

Revival Beckons for Sudan as U.S. Lifts Economic Sanctions

KHARTOUM (Capital Markets in Africa) – The U.S. removal of sanctions on Sudan may unlock the potential for the government to tap its rich mineral and agriculture resources. Now the African state needs to carry out the large-scale reforms required to attract investors. Former President Barack Obama’s January 13 executive order reversed some measures put in place by the U.S. in 1997, four years after it first listed Sudan as a state sponsor of terrorism. It lifted restrictions…

Trump, Key Arab Allies Agree to Boost Anti-Terror Efforts

Posted on by The Editorial Team

WASHINGTON (Capital Markets in Africa) – U.S. President Donald Trump, facing growing criticism over his move to block immigration from seven predominantly Muslim countries, held talks with two prominent Arab leaders on Sunday to bolster ties and discuss anti-terrorism efforts in the Middle East. Trump spoke by phone with Saudi Arabia’s King Salman and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed. The call with the Saudi monarch lasted more than an hour, according to a senior…

IsDB pledges to support the growth of private sector in Guinea

Posted on by The Editorial Team

Conakry (Capital Markets in Africa) – The Islamic Development Bank (IsDB) has pledged to support the growth of the private sector in the Republic of Guinea. The statement was made by the IsDB Vice President (Sector Operations), Dr. Mansur Muhtar at the opening ceremony of the Private Sector Forum jointly organized by the Government of Guinea and IsDB Group. The Prime Minister of Guinea, Mr. Mamady Youla chaired the Forum in the capital Conakry. The…

Lagarde Says Trump’s Fiscal Plans Likely to Boost U.S. Economy

Posted on by The Editorial Team

KAMPALA (Capital Markets in Africa) – President Donald Trump’s plans to overhaul the U.S. tax system and increase infrastructure spending should accelerate growth in the world’s biggest economy over the next two years, said International Monetary Fund Managing Director Christine Lagarde. “We think there is a high probability of that in the next couple of years,” Lagarde said Friday in an interview in Kampala, the capital of Uganda, where she met President Yoweri Museveni. In an economic update…

Barrow Returns to Gambia as President Amid High Expectations

Posted on by The Editorial Team

BANJUL (Capital Markets in Africa) – Gambian President Adama Barrow returned from neighboring Senegal to take office after his predecessor went into exile under a threat by West African leaders to remove him by force. Barrow touched down at 5 p.m. at the airport in the capital, Banjul, on Thursday as thousands gathered for his arrival a week after his inauguration at the Gambian embassy in Senegal. This is “a proud day day for Gambians and a…

Chinese Billions Fail to Sway Taiwan’s Last Allies in Africa

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LAGOS (Capital Markets in Africa) – Taiwan’s last two African allies have no plans to switch allegiances and break ties with Taipei as Beijing tries to woo the self-ruled island’s diplomatic partners. Burkina Faso won’t cut relations with Taiwan despite people and companies with links to China offering funding in return for recognition of the One-China principle, according to Foreign Minister Alpha Barry. Swaziland said its relationship with Taiwan is based on mutual interests, not…

Nigerian MPC Member Turns on Central Bank over Policy Paradox

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria is undermining its own efforts to tame inflation and strengthen the naira by “pretending” to tighten policy while boosting the money supply, a member of the Monetary Policy Committee said in an extraordinary attack on the central bank published a day before the first interest-rate decision of the year. While the MPC raised the benchmark interest rate to a record 14 percent last year, the central bank’s management was…

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