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NEW YORK (Capital Markets in Africa) – Senate Majority Leader Chuck Schumer insists the Senate will pass President Joe Biden’s nearly $2 trillion tax-and-spending package before Christmas, but there’s still much work to do and time is running short. A delay into the new year risks slowing momentum for Democrats who need this legislative victory behind them as they fight to maintain narrow majorities in the House and Senate in the 2022 midterm elections. The…

JOHANNESBURG (Capital Markets in Africa) – IHS Holding Ltd. shareholders said the pan-African telecom-tower company has revived plans for an initial public offering, almost a year after abandoning a previous effort. MTN Group Ltd., Africa’s largest wireless carrier, and French investment firm Wendel SE both said Friday that IHS has filed a registration statement relating to a potential New York IPO. The timing, number of shares to be offered and price range haven’t been determined, Johannesburg-based MTN…

GUINEA (Capital Markets in Africa) – West African leaders are calling for Guinea’s new military rulers to hold an election in six months, opting for a tight deadline after a series of coups in the region. Ghana’s President Nana Akufo-Addo will lead a delegation from the Economic Community of West African States to Guinea within the next 48 hours to meet the soldiers who ousted President Alpha Conde, Ecowas Commission President Jean-Claude Kassi Brou told reporters after a regional…

JOHANNESBURG (Capital Markets in Africa): The world’s biggest number of HIV cases is complicating South Africa’s efforts to fight the coronavirus pandemic, raising the risk of more mutated versions emerging and spreading across the globe.Many of the country’s 8.2 million HIV-infected people are immuno-compromised and scientists say they can harbor the coronavirus for longer, allowing it to mutate as it reproduces. A study of an HIV positive 36-year-old woman showed that Covid-19 stayed in her…

PORT LOUIS (Capital Markets in Africa) — Among President Biden’s favorite terms, “rules-based order” is near the top of the list. Used by his administration as a foreign policy mantra, it means supporting the international laws and institutions that have kept the world relatively peaceful since World War II. Russia’s seizure and annexation of Crimea from Ukraine has been cited as a violation of the rules, as has Syrian President Bashar al-Assad’s use of chemicals…

LONDON (Capital Markets in Africa) — Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world’s largest cryptocurrency. A fresh bout of selling on Friday drove Bitcoin down as much as 7.9% to $47,525 — below its 100-day moving average — as it continued to take out key technical levels. Wall Street analysts warn of further losses for the notoriously…