The Editorial Team

Buhari Defends Record as Nigerians Endure Hardship, Insecurity

Nigeria’s outgoing President Muhammadu Buhari said his successor will inherit a far more resilient economy thanks to investments in infrastructure and policies that have bolstered local production. Under his watch, the government has recovered hundreds of millions of dollars in stolen state funds, built new transport links and beaten back militant group Boko Haram, Buhari said in written responses to Bloomberg News questions. With Russia’s war on Ukraine disrupting global supply chains, the government’s support…

Nigerian Bourse to Adopt Blockchain for Settling Trades by 2023

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LAGOS (Capital Markets in Africa) – Nigerian Exchange Ltd., plans to start a blockchain-enabled exchange platform next year to deepen trade and lure young investors to the market. The move follows the introduction of regulations to guide trade in digital assets by the Nigerian Securities and Exchange Commission, and the growing interest to adopt the distributed-ledger technology by businesses and policy makers across the continent including in Kenya and South Africa.The exchange looks to deploy the blockchain…

Africa Finance Firms Form Alliance to Tackle Biodiversity Crisis

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LAGOS (Capital Markets in Africa) – Many of Africa’s biggest banks and insurers have joined forces to tackle the continent’s biodiversity crisis while at the same time working out how to cash in on opportunities arising from it. The African Natural Capital Alliance, launched Wednesday, is the latest in a flurry of finance sector interest in the risks and opportunities associated with the threats to biodiversity globally and its establishment is in a continent overwhelmingly dependent on…

After a Decade of False Starts, Angola Gets Its Stock Market

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LUANDA (Capital Markets in Africa) – With about 200 people counting down to Banco BAI’s share debut, Angola’s stock exchange finally got off the ground. BAI, the southwest African nation’s biggest lender, had 20 buy orders at 21,650 kwanzas ($50) on the bourse known as Bolsa de Divida e Valores de Angola, or Bodiva, 5% more than the the initial public offering price. But there were no sellers. “Today we have reached a new historic…

UK Faces Last-Ditch Court Bid to Halt Rwanda Deportation Flights

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LONDON (Capital Markets in Africa) – The UK’s controversial move to deport asylum seekers to Rwanda to process them was challenged in a London court as part of a last-ditch attempt to block the first flight to the east African nation. Lawyers representing asylum seekers asked a judge to halt next week’s planned flight, in what is the first case to scrutinize UK Prime Minister Boris Johnson’s flagship immigration policy. The case has attracted days of…

The Purpose And Vision

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We believe that all young people should be able to attain their full potential in life, education, and jobs, and that the workforce should be diverse and well-prepared. On this website, we will prepare students for the job market by teaching them the critical thinking, cooperation, and interpersonal skills necessary for success in the workplace. We collaborate with NGOs and school partners to identify bright, motivated teenagers who wish to widen their college and career…

Importers Warn of Kenya Parallel FX Market Amid Dollar Shortage

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NAIROBI (Capital Markets in Africa) – Kenya faces the risk of a fully-established parallel foreign-currency market as importers purchase dollars at a rate about 3% higher than the official quotes, according to a manufacturers’ lobby. Members of the Kenya Association of Manufacturers are buying the greenback at 120 shillings and above, compared with prices the banks publish of around 116 shillings, the group said in a statement on Monday. The business group spoke out about…

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