Features

TRIPOLI (Capital Markets in Africa): Turkish President Recep Tayyip Erdogan lobbed a rare direct attack at the emirate of Abu Dhabi over its backing of Khalifa Haftar and the Russian mercenaries fighting on his behalf in Libya. Abu Dhabi pays for thousands of Russian mercenaries who fight alongside the Libyan general’s forces, which are violating a recent cease-fire brokered by global powers, Erdogan said during a visit to three African states on Monday. The Turkish president’s remarks came shortly after Libya’s…

LUANDA (Capital Markets in Africa) – The Portuguese man behind a website that pulled back the curtain on world soccer’s business dealings also unearthed documents related to the fortune of Africa’s richest woman.   The Portuguese fan was looking for soccer’s secrets when he began hacking into the legal and financial networks supporting the game’s multi-billion-dollar industry five years ago. For years, he plundered internal documents and secret agreements, unmasking questionable practices — and even…

LONDON (Capital Markets in Africa) – Eleven months of trade talks are not enough for London to offset the loss of its biggest export market. Nor is it enough for Paris, Frankfurt or Dublin. London wasn’t always the be-all-and-end-all for European finance. It took a deregulation drive under Margaret Thatcher in the 1980s — known as the Big Bang — and Britain’s contribution to the launch of the European single market in the 1990s to…

NEW YORK (Capital Markets in Africa) – It’s the kind of balancing act Britain may have to get used to as the country forges its way in the world after leaving the European Union. Three days before Brexit becomes reality after years of infighting, the government in London is trying to reconcile an increasingly truculent U.S. with the demands of the domestic market in the debate over whether Huawei Technologies Co. should be involved in upgrading…

NEW YORK (Capital Markets in Africa) – President Donald Trump’s lawyers begin their final day of arguments Tuesday having only barely noted the bombshell revelation from former National Security Adviser John Bolton that threatens to upset White House plans for a quick end to the Senate impeachment trial. Trump’s defense team will wrap up their case on Tuesday, followed by hours of questions from senators. Then will come what promises to be a dramatic debate and a moment of reckoning…

Johannesburg, 28 January 2020; Africa’s abundant clean energy resources, coupled with new investments in renewable energy technologies, have spearheaded Africa into a clean energy revolution. As reported by the International Energy Agency (IEA), renewable energy is believed to constitute approximately 50% of sub-Saharan Africa’s power generation growth by 2040, consequently accelerating Africa’s novice economies. Receiving more sun than any of its continental counterparts, along with its vast geothermal, wind and wave energy capacity and progressive energy…

LAGOS (Capital Markets in Africa) – Nigeria’s Economic and Financial Crimes Commission charged Mohammed Adoke, a former justice minister and attorney general, for allegedly taking a bribe to facilitate a $1.3 billion oil deal. The anti-graft body filed 42 charges against Adoke and accused him of receiving a 300 million naira ($831,000) payment from businessman Aliyu Abubakar in relation to the acquisition of Oil Prospecting License 245 in the Gulf of Guinea, the commission said in…