What a World Bank Critic Might Do as World Bank Head: QuickTake

What a World Bank Critic Might Do as World Bank Head: QuickTake

LAGOS (Capital Markets in Africa) – It’s a story for our times: A critic of the World Bank takes over the World Bank, nominated by a nationalist U.S. president who rejects the principle of global consensus on which the institution has operated for decades. The scenario is looking increasingly likely. President Donald Trump will nominate senior U.S. Treasury Department official David Malpass as World Bank president, according to administration officials. That could mean change is in store for the development lender,…

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Africa BFSI Innovation Summit 2019: Embracing Innovation For A Better Africa

Africa BFSI Innovation Summit 2019: Embracing Innovation For A Better Africa

Africa BFSI Innovation Summit 2019 is scheduled to take place on 19 – 20 February 2019 at the Mövenpick Hotel & Residences Nairobi, Kenya. Digital transformation is the way forward for banks, insurers, capital market firms, and financial regulators around the world. Experts are of the opinion that Africa is leading the world in financial innovation and digital space is currently the number one priority for CEOs from across different markets in Africa. Against this…

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South African Open: Betting Tips for Golf

South African Open: Betting Tips for Golf

For the calendar year of 2018, there are just two European Tours left to happen in the game of Golf, and they are both scheduled to occur in the beautiful country of South Africa. The coming week will see Johannesburg hosting the South African Open. Where Will The Matches be Played? You can find the action happening at the Randpark Golf Club in Johannesburg. Interestingly it is also going to be the first time since…

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Bitcoin’s Deepening Crash Now Approaches Its Worst Bear Markets

Bitcoin’s Deepening Crash Now Approaches Its Worst Bear Markets

LAGOS (Capital Markets in Africa) – Bitcoin broke below $4,000 and extended its 2018 crash to within striking distance of the biggest cryptocurrency’s worst bear markets. The virtual currency conceived just over a decade ago slid as much as 14 percent to $3,675 on Monday, bringing its decline from last December’s record high of almost $20,000 to about 80 percent. All nine of its largest peers tracked in real time by Bloomberg fell, with drops ranging as high as 21…

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Zimbabwe: Life After President Robert Mugabe

Zimbabwe: Life After President Robert Mugabe

LAGOS (Capital Markets in Africa) – In early November 2017, Robert Mugabe was removed from power in what was effectively a bloodless coup. My wife, children and I joined a million people on the streets of Harare in a celebration of pent up joy and elation, the likes of which I can only imagine were equalled by the fall of the Berlin Wall. People were laughing, dancing, running in circles, waving pictures of the army…

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Investment in Zambia: Emerging Opportunities

Investment in Zambia: Emerging Opportunities

LAGOS (Capital Markets in Africa) – Zambia’s economy has experienced a turnaround following the recovery of commodity prices (especially copper), better rainfall resulting in greater agricultural and hydroelectricity output, strong central bank measures to stabilize the economy, and robust pro-business fiscal policies. Specifically, copper has risen from US$5,000/tonne to over US$7,000/tonne, the Bank of Zambia has lowered the policy rate from 15.5% to 9.75%, and government has removed fuel subsidies and increased electricity tariffs. Consequently,…

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