Features

KHARTOUM (Capital Markets in Africa) – Sudan began its first full day in 30 years without Omar al-Bashir in charge, as protesters in the North African nation vowed to keep up the pressure on the military that deposed him to make way for a civilian government. Demonstrators maintained an overnight sit-in outside army headquarters in the capital, Khartoum, in spite of a 10 p.m.-4 a.m. curfew imposed when the military seized power. Defense Minister Ahmed Awad Ibn…

NAIROBI (Capital Markets in Africa) – Kenya Airports Authority expects its land holdings to be worth more than 1 trillion shillings ($9.9 billion) after a revaluation is concluded in a month, Chief Executive Officer Jonny Andersen said. “Since we’ll have a different balance sheet, we can go to the banks and ask for completely different financing because we’ll have so much value,” Andersen said in an interview in the Kenyan capital, Nairobi. “It will completely…

JOHANNESBURG (Capital Markets in Africa) –  Steinhoff International Holdings NV pushed back the dates for the publication of audited earnings for 2017 and 2018 after the findings of a forensic probe by PwC made the process more time consuming and complex. The South African retailer, which almost collapsed amid an accounting scandal in late 2017, is working toward ensuring that all appropriate adjustments are made to valuations and profitability at various subsidiaries, the company said in…

KIGALI (Capital Markets in Africa) – French President Emmanuel Macron established a group of researchers to investigate what role France may have played in the Rwandan genocide a quarter of a century ago. Macron made the announcement in Paris after meeting an association of survivors of the mass killings, in which at least 800,000 people died. The nine-person team of The French military advised Rwanda’s ethnic Hutu-dominated government in the early 1990s as it fought a war…