UK: What is different about the turn of the tax year in 2021?

UK: What is different about the turn of the tax year in 2021?

LONDON (Capital Markets in Africa) – Tax year end in 2021 comes after a year like no other. Financially, every household will have been impacted differently. While some have experienced a loss in income, many will have decreased their outgoings and then either reduced personal debt or increased savings. In both scenarios, it is worth noting that the financial planning objectives might have changed. Longer-term plans put in place more than a year ago are…

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Applications Open for 2021 Africa’s Business Heroes Prize Competition

Applications Open for 2021 Africa’s Business Heroes Prize Competition

LAGOS (Capital Markets in Africa) – In its third year, the Africa’s Business Heroes (ABH) prize competition gives African entrepreneurs a unique platform to showcase their talent and grow their businesses; ABH, which is the Jack Ma Foundation’s flagship philanthropic program in Africa, annually awards 10 outstanding finalists with a share of a US$1.5 million grant; Applications are now open in English and French for “heroes” across all sectors and African countries, with special emphasis…

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J&J Agrees to Supply Up to 400 Million Vaccines to African Union

J&J Agrees to Supply Up to 400 Million Vaccines to African Union

LAGOS (Capital Markets in Africa) — Johnson & Johnson agreed to supply as many as 400 million Covid-19 vaccines to the African Union through the end of next year, delivering a boost to a continent trailing most of the world in the race to inoculate against the disease. The U.S. drugmaker can make available as many as 220 million doses of its single-shot candidate to the AU’s 55 member states starting in the third quarter…

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Trump Ally Says Social Media Site Coming in Three to Four Months

Trump Ally Says Social Media Site Coming in Three to Four Months

NEW YORK (Capital Markets in Africa) — Donald Trump’s planned social media platform “will debut in three to four months,” the former president’s one-time campaign manager and senior adviser said. “We’re going to have a platform where the president’s message of America First is going to be able to be put out to everybody,” Corey Lewandowski said on the conservative Newsmax TV network’s “Saturday Agenda.” “There’ll be an opportunity for other people to weigh in…

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Stuck Ship Is Refloated and Maneuvers Continue: Suez Update

Stuck Ship Is Refloated and Maneuvers Continue: Suez Update

CAIRO (Capital Markets in Africa) — The container ship stuck in the Suez Canal has been refloated, and its position moved about 80%, but maneuvers will continue this morning around high tide, the Canal Authority said. It’s the first step to clearing the blockage in one of the world’s most important trade arteries. “Today we will start our plan for all the ships to cross the canal, and it could take around one week to…

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Value Investing: Capitulation or Opportunity?

Value Investing: Capitulation or Opportunity?

LAGOS (Capital Markets in Africa) – Value stocks trade at prices below their fundamental value. If prices of stocks converge towards their fundamental values then it is natural to expect value stocks to outperform their more expensive peers, at least on average. This outperformance is known as the value premium. Value stocks have severely underperformed in recent years, leading many investors to question the relevance of value investing or even to contemplate its demise. However,…

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Bond market riot: Rates are rising but is it sustainable?

Bond market riot: Rates are rising but is it sustainable?

LONDON (Capital Markets in Africa) – The new year has awoken the bond market from its slumber. What began as a gradual climb in nominal yields from the summer accelerated in February with the yield on the US 10-year Treasury note briefly topping 1.6%, and significant moves higher globally including in Australia and the UK. Moves of this speed are rare, so Janus Henderson dedicated an ISG meeting to ask why global yield curves have…

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