Author: The Editorial Team

LAGOS (Capital Markets in Africa) – As leaders at the United Nations climate summit in Glasgow, Scotland, thrash out how to rein in catastrophic levels of global warming, one of the most important deals is taking place on the sidelines. The Global Methane Pledge — a collective commitment to cut emissions of the potent greenhouse gas 30% by 2030 -– is signed by more than 80 countries so far, representing more than two-thirds of the…

JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling party faces an uphill battle to regain control of key towns in Monday’s municipal elections, with widespread outrage over poor services and crumbling infrastructure. The election of councilors in the 278 municipalities is the first since President Cyril Ramaphosa won control of the African National Congress in 2017 and set about trying to rebuild support for the party, which plummeted during his predecessor Jacob Zuma’s scandal-marred rule.Opposition party coalitions…

LAGOS (Capital Markets in Africa) – China needs to give U.S. or European-style market access to Africa as the next step in fostering a strong economic relationship, Ugandan President Yoweri Museveni said. As African nations push for the extension beyond 2025 of the African Growth and Opportunity Act that allows duty-free access to the U.S. market, Museveni wants China to offer something similar. That or a deal mirroring Europe’s Everything But Arms arrangement for least…