Features

LAGOS (Capital Markets in Africa) – Alassane Dicko used to lead his cattle each day through the grasslands of central Mali until gunmen burned down his village and took all his animals. Now he lives on the edge of a landfill in the capital, Bamako. Dicko, 38, is one of hundreds of ethnic Fulanis who fled their homes in recent months because of violent disputes over land and water, pitting herders against crop farmers and…

MAPUTO (Capital Markets in Africa) – Deaths from flooding in the wake of Cyclone Idai climbed to more than 380 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 yet as thousands remain stranded. 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…

LONDON (Capital Markets in Africa) – Companies in the U.K. are still grappling with the mandatory gender gap reporting reporting that went into effect last year, revealing a widespread disparity in the salaries and bonuses of men and women. Now the British government may require them to similarly analyze the pay of workers of different ethnicities. A survey of 80 large organizations by PricewaterhouseCoopers found 95 percent had not analyzed their ethnicity pay gap, with three quarters saying they…

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…