Features

KINSHASA (Capital Markets in Africa) — A year ago in June, a group of bankers marched into a U.S. Treasury office in Washington on perhaps the most important mission of their careers: to save a country from financial collapse. Among them was Willy Mulamba, Citigroup Inc.’s top executive in the Democratic Republic of Congo, a resource-rich but devastatingly poor nation in central Africa. Mulamba, a 51-year-old Congolese banker who had returned home after years abroad,…

ANGOLA (Capital Markets in Africa) — Prosecutors are demanding a jail term of at least seven years for Jose Filomeno dos Santos, the son of Angola’s former president, who is accused of taking part in an illegal $500 million transfer before his father stepped down in 2017, state-owned news agency Angop said. Jose Filomeno, also known as Zenu, is the most high-profile figure linked to the previous regime to stand trial for corruption. The 42-year-old…

HARARE (Capital Markets in Africa) — Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situation said. The June 26 order that sought to stabilize the nation’s currency came after pressure from the Joint Operations Command and was made without notifying the central bank, which regulates the mobile-money industry through which almost all of Zimbabwe’s commerce takes…

JOHANNESBURG (Capital Markets in Africa) — South Africa’s indebted power utility Eskom Holdings SOC Ltd.plans to issue a 1 billion rand ($58 million) Sukuk bond as it tries to diversify funding sources to reduce borrowing costs. Eskom has appointed a lead arranger “to work towards establishing timelines for the issue,” spokesman Sikonathi Mantshantsha said in an emailed response to questions on Monday. The utility has about 450 billion rand in debt and no current plans…

LONDON (Capital Markets in Africa) – During the 20th century, many advancements occurred that you may not already know about. This has ranged from what the slots machines looked like in their initial appearance to the fact that they were not always games that could help you to win cash prizes.  Finding out how these fun and much-loved casino games at www.666casino.com started is a great way for us to learn just how far they…

LONDON (Capital Markets in Africa) – Playing at an online casino is a thrilling experience, and it’s an experience which has been made all the more accessible due to the rise of multi-platform optimisation. In addition, cryptocurrency has made way for more of us to play casino games safely, and nobody can argue cryptocurrency payments at an online casino at www.slotzo.com isn’t the most secure payment method. Throughout the history of slots and other casino…

LAGOS (Capital Markets in Africa) — Nigeria will not request a delay in debt-service payments this year from bilateral and commercial creditors, the largest economy yet to turn down a debt holiday offered to the world’s poorest nations. “Nigeria is not planning to ask for debt repayment deferment for our commercial loans or for our bilateral loans from our bilateral creditors,” Finance Minister Zainab Ahmed said in a call with investors organized by Citigroup. The…