Features

NEW YORK (Capital Markets in Africa) – The struggle over calling witnesses in President Donald Trump’s impeachment trial is escalating as House Democrats prepare to wrap up their case Friday by focusing on White House “stonewalling.” House impeachment managers will have another day to convince a handful of Republicans to vote with Democrats to subpoena witnesses and documents before Trump’s lawyers take the Senate floor to present their defense. Over the past two days, Intelligence Chairman Adam…

LONDON (Capital Markets in Africa) – Banks are increasingly embracing a change that could trigger upheaval for Wall Street’s vaunted stock analysts: They’ve started allowing U.S. clients to buy research without paying a steep tab for trading services. The shift, which banks’ brokerage businesses have privately shared with customers, is arguably the biggest U.S. fallout yet from sweeping European rules that force firms to charge separately for analysis. Those regulations, which took effect in 2018, sparked a…

LUANDA (Capital Markets in Africa) – A banker with ties to Isabel dos Santos was found dead on the same day that Angola’s prosecutor named both him and Africa’s richest woman as suspects in an investigation over alleged mismanagement at state oil company Sonangol. Nuno Ribeiro da Cunha, 45, appeared to have hanged himself in the garage of his apartment building in Lisbon, Portuguese police said in a statement Thursday. He had attempted to commit suicide earlier…

LAGOS (Capital Markets in Africa) – Nigeria’s government was surprised by the news that the U.S. is considering travel restrictions on its citizens and the ban would mean officials will have to find new ways to meet with investors, Finance Minister Zainab Ahmed said. Nigeria is one of seven countries, more than half of which are in Africa, included in a list that may be affected if the Homeland Security Department’s recommendation to expand restrictions is approved,…

NEW YORK (Capital Markets in Africa) – President Donald Trump’s impeachment trial formally opens in the Senate on Tuesday, promising to shape his legacy, deepen the country’s political divisions and influence control of power in the nation’s capital for years to come. While the president faces little risk of removal from office by the Republican-led Senate, the trial may bring to light new details of Trump’s Ukraine scandal and help sway undecided voters in the 2020…

NEW YORK (Capital Markets in Africa) – They are the two highest-profile attendees at this year’s annual World Economic Forum, but their respective recipes for global salvation couldn’t be further apart. President Donald Trump and climate activist Greta Thunberg talked past each other in dueling speeches at Davos on Tuesday that underscored the difficulty in achieving any kind of consensus on the urgency of the environmental challenges facing the planet. Trump, addressing the annual meeting of the…

The 8th Annual AFSIC – Investing in Africa Forum, scheduled for May 5th -7th 2020 in London, has already confirmed over 300 top-level speakers and panelists including a huge range of Africa’s most important investors, dealmakers and business leaders, who will unpack the increasing global investment momentum into Africa’s growing public and private sectors and highlight new growth opportunities across the continent. The AFSIC 2020 agenda is specifically investment-focused, with several of the most experienced…