Features

CHAD (Capital Markets in Africa) — Chad asked Glencore Plc to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries. After securing a $61 million debt waiver in June, sponsored by the Group of 20, the central African nation sent a letter to the world’s biggest commodity trader and other private lenders, asking them…

BAMAKO (Capital Markets in Africa) — Mali’s military leadership on Saturday proposed a return to democracy within 18 months as they wrapped up talks with political parties and civil society leaders following a coup last month. Delegates proposed a transitional council and government led by an interim president, according to a proposal presented Saturday after three days of talks in the capital Bamako. A council appointed by the ruling junta would be charged with naming…

The event will take place online from 20th October – 26th November 2020. The digital platform will allow attendees to access content and networking offerings across all three market leading events with one point of entry, making it the largest ever energy event for the African continent marketed to a combined energy database of over 200,000.  Following the impact of the pandemic on the energy sector in Africa, the event will seek to address critical…

The event will take place online from 20th October – 26th November 2020. The digital platform will allow attendees to access content and networking offerings across all three market-leading events with one point of entry, making it the largest ever energy event for the African continent marketed to a combined energy database of over 200,000.  Following the impact of the pandemic on the energy sector in Africa, the event will seek to address critical issues…

ABIDJAN (Capital Markets in Africa) — Ivory Coast President Alassane Ouattara’s decision to run for a third term as the leader of the world’s top cocoa producer is galvanizing a divided opposition, marring his re-election odds. Ouattara rescinded his decision not to seek a third term on Thursday, saying he accepted the nomination of the ruling Rally of Houphouëtists for Democracy and Peace to run as its candidate in an Oct. 31 vote. Ouattara said…

(Bloomberg Opinion) — Less than two months ago, French President Emmanuel Macron’s prescription for what ailed Mali was “the return of the state.” Taking the narrowest possible view of the West African nation’s problems, the French president suggested that the best inoculation against a resurgence of jihadist terrorism in the Sahel region was more government. This view required a willful disregard of the political crisis unfolding in Bamako, where the government of President Ibrahim Boubacar Keita was…

LAGOS (Capital Markets in Africa) — The most successful way to be a gold producer may be to not operate any mines. At least, that’s the business model of DRDGold Ltd., the best-performing stock on the MSCI ACWI Select Gold Miners Investable Market Index this year. The company, which specializes in recovering gold from mine dumps in and around Johannesburg, has surged 277% in 2020, also making it the biggest gainer on South Africa’s FTSE/JSE Africa…