Features

MAPUTO (Capital Markets in Africa) – Deaths from flooding in the wake of Cyclone Idai climbed to more than 300 as Mozambique’s government battled to deal with the devastation wrought by one of southern Africa’s most deadly recorded storms. The toll may rise dramatically. Almost a week after the Category 3 storm made landfall, heavy rains continued in Mozambique’s Sofala province. Rescue workers have saved 3,000 of 15,000 families stranded in the southeastern African nation’s flooded central…

LONDON (Capital Markets in Africa) – Britain’s effort to delay its departure from the European Union probably means that U.K. polluters will have to wait to get their hands on 2.6 billion euros ($3 billion) of emission allowances, according to a person familiar with the U.K. government position. It’s now highly unlikely that British factories, power stations and airlines covered by the EU’s cap-and-system will get their annual allotment of free allowances or access to a…

LONDON (Capital Markets in Africa) – Investors are ripping up their Brexit playbooks as the chance of a no-deal exit flares once again. Sterling is the worst-performing major currency this week as U.K. Prime Minister Theresa May gambles on getting her plan over the line with just over a week to go before the exit. Option traders are betting on further losses and increased currency swings, while fund managers are seeking help from constitutional experts…

LAGOS (Capital Markets in Africa) – A small order from an African airline can’t diminish the huge challenge Comac faces to disrupt the aviation duopoly. It’s generally seen as a good thing for an aircraft manufacturer when an airline plans to buy its planes. So Commercial Aircraft Corp. of China Ltd. – the country’s would-be challenger to Boeing Co. and Airbus SE – should have a lot to celebrate. Ghana’s Africa World Airlines Ltd. may agree to…

A five days electric power & energy conference, inclusive of 2-day focal point main conference, 6 supplementary workshops, multiple case studies from a wide array of perspectives, expert views, and valuable insights on the Asia market outlook. Singapore – The 5th annual POWER WEEK ASIA Conference will be held from 11 to 15 November 2019 at the PARKROYAL on Beach Road Hotel, Singapore. POWER WEEK ASIA attracts the industry leaders from national power companies, government…

 A five days electric power & energy conference, inclusive of 2-day focal point main conference, 6 supplementary workshops, multiple case studies from a wide array of perspectives, expert opinions and unrivalled insights into the African electric power & energy market prospects. Johannesburg – The 2nd annual POWER WEEK AFRICA conference on 9 – 13 September 2019 in Johannesburg, South Africa is now open for registration. It promises an abundance of opportunities to network with C-level…

KAMPALA (Capital Markets in Africa) – Ugandan President Yoweri Museveni rejected signing a sugar bill that scraps a proposal, backed by large producers, to restrict the area from which millers can source cane. The president plans to return the bill to Parliament for reconsideration because lawmakers didn’t accommodate the interests of big millers, Parliament said on its website. Legislators passed the bill four months ago, but rejected a proposal to restrict the area from which millers can source supplies…