Features

LAGOS (Capital Markets in Africa) – Increased use of technology to improve the efficiency of mature African businesses is expected to boost the number of high net worth individuals, as the second generation of family owned businesses takes over management from founders.  The first generation emerged following the oil boom and liberalization of economies, with most investing in heavy industries, trading and commercial farming, according to Faizal Bhana, the director for the Middle East, Africa…

Nigeria’s outgoing President Muhammadu Buhari said his successor will inherit a far more resilient economy thanks to investments in infrastructure and policies that have bolstered local production. Under his watch, the government has recovered hundreds of millions of dollars in stolen state funds, built new transport links and beaten back militant group Boko Haram, Buhari said in written responses to Bloomberg News questions. With Russia’s war on Ukraine disrupting global supply chains, the government’s support…

LONDON (Capital Markets in Africa) – The UK’s controversial move to deport asylum seekers to Rwanda to process them was challenged in a London court as part of a last-ditch attempt to block the first flight to the east African nation. Lawyers representing asylum seekers asked a judge to halt next week’s planned flight, in what is the first case to scrutinize UK Prime Minister Boris Johnson’s flagship immigration policy. The case has attracted days of…