Features | - Part 163

Nigeria Loses Almost Half Its Power Output After Pipeline Fire

LAGOS (Capital Markets in Africa) – A fire at a Nigerian pipeline interrupted gas supplies to companies generating more than 3,000 megawatts in Africa’s most populous nation, the government said. The fire at the Escravos-Lagos pipeline owned by the Nigerian National Petroleum Corp. in the southern Edo state required a shutdown of the pipeline supplying gas to the 1,320-megawatt Egbin power plant, the nation’s biggest, and five others, according to an emailed statement by the Power,…

Politics Trumps Oil Recovery: A Guide to Mideast Markets in 2018

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalated, ties between Qatar and its neighbours were severed, rebels in Yemen fired rockets over Riyadh and Saudi Arabia started a crackdown on corruption that led to the arrest of high-profile…

Ramaphosa’s Narrow ANC Vote Win Cuts Odds of Quick Zuma Ouster

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Cyril Ramaphosa’s victory in a gruelling battle to lead South Africa’s ruling party may have been the easy part. His narrow win and his allies’ failure to secure three other top posts is likely to delay his ascendancy to the nation’s presidency and plans to revive a stuttering economy. While Ramaphosa won 52 percent of the vote for the top post of the African National Congress, edging out Nkosazana Dlamini-Zuma,…

Opinion Piece : Artificial intelligence (AI) a day …

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – One of the greatest benefits of artificial intelligence (AI) to humankind is its influence on the medical field. “Powered by some of the most sophisticated technology, AI is assisting in improving medical diagnosis,” says Anton Jacobs, managing director at African value-added technology distributor, Networks Unlimited. From an AI doctor and chatbot to AI’s powerful applications, machine learning and deep learning, a world that used to be all about coding,…

Investor Demand and Business Activity to Increase as Political Stability Returns to Kenya

Posted on by The Editorial Team

NAIROBI, Kenya, December 17, 2017/ — Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organizations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses operating in the region in the year ahead, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in its annual…

Court Action Buoys Ramaphosa’s Bid to Lead South Africa’s ANC

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The fractious race to succeed South African President Jacob Zuma as leader of the African National Congress faced further disarray by court rulings likely to disqualify more than 100 delegates who were scheduled to vote at a party conference this weekend. The decisions on the members in North West, KwaZulu-Natal and Free State provinces, which mainly support Nkosazana Dlamini-Zuma, the president’s ex-wife and preferred candidate, buoyed her main rival, Deputy President Cyril Ramaphosa….

Zimbabwe Government Meets Evicted White Farmers Who Left Country

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean Deputy Finance Minister Terence Mukupe has met with white farmers who moved elsewhere after being evicted during the country’s often-violent land seizures. Mukupe, who was appointed to the role in new President Emmerson Mnangagwa’s government, sees opportunities for the farmers to return and participate in the economy, he said in an interview this week. Zimbabwe should treat exiled white farmers like “any other Zimbabwean” and offer them opportunities to farm in…

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