The Editorial Team |

Chad Asks to Suspend Payments on Glencore Oil-Backed Loan

CHAD (Capital Markets in Africa) — Chad asked Glencore Plc to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries. After securing a $61 million debt waiver in June, sponsored by the Group of 20, the central African nation sent a letter to the world’s biggest commodity trader and other private lenders, asking them…

China’s Role in African Infrastructure

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) Chinese companies are unlikely to be challenged in the near term as they dominate Africa’s construction market with a 62% market share, even as the pandemic slows activity. The continent’s infrastructure growth potential could eventually attract European funds, we believe, as new common strategies are developed to provide partial funding and execute civil engineering projects. China’s Belt and Road Initiatives in Africa to Remain in Play Despite shifting financial resources…

Mali Junta Proposes Return to Democracy Within 18 Months

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BAMAKO (Capital Markets in Africa) — Mali’s military leadership on Saturday proposed a return to democracy within 18 months as they wrapped up talks with political parties and civil society leaders following a coup last month. Delegates proposed a transitional council and government led by an interim president, according to a proposal presented Saturday after three days of talks in the capital Bamako. A council appointed by the ruling junta would be charged with naming…

Africa’s Central Banks To Stay on Hold, Await Stimulus Effects

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LAGOS (Capital Markets in Africa) – With emergency stimulus done, for now, central banks across Sub-Saharan Africa (SSA) are likely to hold rates in the coming weeks despite higher inflation. That will allow for the full effects of stimulus measures to take place now that most restrictions have been lifted. The pause reflects their desire to strike a balance between maintaining price stability, reducing exchange-rate pressures, and stimulating the domestic economy. Central banks will continue…

After Two Decades of Rot, Zimbabwe Is Coming Apart at the Seams

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HARARE (Capital Markets in Africa) — In Zimbabwe, pregnant women are left alone in hospitals to give birth, taps have run dry in major urban centers, infrastructure has all but collapsed and more than half the population needs food aid. This is the toll that two decades of economic mismanagement have taken on a nation once considered one of Africa’s shining stars. Promises of an economic revival and more political freedom made by President Emmerson Mnangagwa,…

Africa Energy Forum 2020 joins forces with the African Utility Week & POWERGEN Africa and Oil & Gas Council’s Africa Assembly to host Digital Energy Festival for Africa

Posted on by The Editorial Team

The event will take place online from 20th October – 26th November 2020. The digital platform will allow attendees to access content and networking offerings across all three market leading events with one point of entry, making it the largest ever energy event for the African continent marketed to a combined energy database of over 200,000. Following the impact of the pandemic on the energy sector in Africa, the event will seek to address critical…

Africa Energy Forum 2020 joins forces with the African Utility Week & POWERGEN Africa and Oil & Gas Council’s Africa Assembly to host Digital Energy Festival for Africa

Posted on by The Editorial Team

The event will take place online from 20th October – 26th November 2020. The digital platform will allow attendees to access content and networking offerings across all three market-leading events with one point of entry, making it the largest ever energy event for the African continent marketed to a combined energy database of over 200,000. Following the impact of the pandemic on the energy sector in Africa, the event will seek to address critical issues…

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