The Editorial Team

Increase debt suspension arrangements to offer low-income and middle-income

ABIDJAN (Capital Markets in Africa) – Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday called for expansion of the Debt Service Suspension Initiative, under which low-income countries have suspended paying down debt during the Covid-19 pandemic. The initiative should be widened beyond low-income countries and its current expiration extended to offer much-needed fiscal space, panelists urged in a discussion of international debt architecture and liquidity….

Applications Open for 2021 Africa’s Business Heroes Prize Competition

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LAGOS (Capital Markets in Africa) – In its third year, the Africa’s Business Heroes (ABH) prize competition gives African entrepreneurs a unique platform to showcase their talent and grow their businesses; ABH, which is the Jack Ma Foundation’s flagship philanthropic program in Africa, annually awards 10 outstanding finalists with a share of a US$1.5 million grant; Applications are now open in English and French for “heroes” across all sectors and African countries, with special emphasis…

Why are private fund structures so attractive to HNWI and family offices?

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Family offices, high net worth individuals and wealthy families are increasingly considering private fund structures to hold their investments. While ‘standard’ investment structures like hedge or private equity funds can be ideal for some investors, some HNW investors are looking for options with more flexibility. There are several reasons why a private fund provides an attractive way to hold assets. A private fund can be used for a variety of reasons. It can be a…

How big is the inflation threat?

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LONDON (Capital Markets in Africa) – Global equities gained around 0.5-1.0% last week and are back within spitting distance of their mid-February highs. Markets have also opened higher this morning, shrugging off the news of the collapse of a US hedge fund which will lead to significant losses at Credit Suisse and Nomura. Rather than being seen as a canary in the coalmine, and a sign of impending doom as various fund failures proved ahead…

Unlocking a new age of African trade, Britain’s post-Brexit opportunity

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LONDON (Capital Markets in Africa) – New research from Crown Agents Bank has found that there is a strong appetite from UK companies to step up their presence in Africa, with 69% of those surveyed planning to expand their footprint in the continent following Brexit. The bank, which is a UK regulated provider of wholesale FX and cross-border payment services, asked 200 decision makers from businesses that trade in frontier markets about their perceptions around…

Amazon Union Vote Ends as Both Sides Brace for Contentious Count

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LAGOS (Capital Markets in Africa) — The historic union election at an Amazon.com Inc. fulfillment center in Alabama concludes on Monday, setting in motion a vote count that organizers expect will be contentious and take a few days. As many as 5,800 workers at the facility in Bessemer were eligible to vote to join the Retail Wholesale and Department Store Union. The hard-fought mail-in election that began seven weeks ago attracted national attention — President Joe…

Deliveroo Shaves $1.3 Billion Off Valuation as Investors Revolt

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LONDON (Capital Markets in Africa) — Food-delivery startup Deliveroo Holdings Plc cut the upper valuation target in its London initial public offering by about 950 million pounds ($1.3 billion), after some institutional investors balked at the company’s treatment of riders. Deliveroo set new guidance of 3.90 pounds to 4.10 pounds a share, according to deal terms seen by Bloomberg. The company initially marketed the offering at 3.90 pounds to 4.60 pounds, valuing it at as…

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