Features

JOHANNESBURG (Capital Markets in Africa)  – The Financial Times published on Thursday January 24 a first-ever special report on Innovation in South Africa. Africa editor David Pilling in his lead article writes that “homegrown innovators are fighting the brain drain and finding ways past a funding squeeze.” The six-page edition casts a bright light on South African technology, research, energy industry, white space television, and water solutions– one of the most positive indications of a…

Under the high patronage of the Tunisian Head of government and the Ministry of Development, Investment and International Cooperation of the Republic of Tunisia, the International Islamic Finance Training Institute (IIFTI) and I-Fintech Solutions (IFTS) are organizing the African Islamic Fintech Summit (SAIFI). SAIFI is jointly organized with the Islamic Corporation for the Development of the Private Sector (ICD) and the Tunisian Association of Islamic Finance (TAIF) and will take place during the 16th and…

DAR ES SALAAM (Capital Markets in Africa) – Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said. The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since 2000. The East African nation surpassed its mining-revenue targets for the…

LAGOS (Capital Markets in Africa) – A Nigerian Federal High Court declined a government request to order the nation’s chief justice to step down before next month’s elections while he faces allegations of failing to properly declaring his assets. Justice Danladi Umar told the Code of Conduct Tribunal that only the Senate could force Chief Justice Walter Onnoghen to step aside pending the conclusion of the case, as requested by the prosecutor. The proceedings were postponed until…

The Real estate sector today is burgeoning at a pace where the iconic structures, innovation and the ever-changing market dynamics, keeps project owners and solution providers across the world on hooks. Prospective buyers and suppliers are eager to understand what it takes for them to be at a place where they can make the most of real estate trends and build a strong network for collaborations. After the tremendous success at the East African, West…

JOHANNESBURG (Capital Markets in Africa) – South African President Cyril Ramaphosa moved to quell investor fears ahead of his trip to the World Economic Forum in Davos, saying the African National Congress won’t tamper with the central bank’s independence and that the government won’t allow land grabs. Comments in the party’s election manifesto unveiled at the weekend that the central bank must pursue a flexible policy regime shouldn’t alarm anyone, Ramaphosa told reporters Wednesday in Johannesburg. While…