Bloomberg View: Matt Levine – Ten good things about stock market Crashes
Maybe stock market crashes are good? People now celebrating the crash are mostly not the people complaining about rising stock prices a week ago.
General Electric
Nairobi becoming a serious Africa HQ alternative to Joburg – ask GE
General Electric, one of the US’s great industrial companies, appears to have taken a similar view to Singularity University’s ‘zoom in, zoom out’ strategy, when deciding to locate its African HQ in Nairobi rather than Sandton.
GE: Rail rehabilitation & infrastructure investment key to Africa growth
General Electric is looking to lock in volumes of around $4 billion with Transnet over the next five years and use this as a platform for growth of rail into the rest of the region. Alec Hogg spoke with GE’s Head of Transport in Africa Thomas Konditi on the sidelines of WEF Africa currently on the go in Cape Town, South Africa.
Anchor Capital: Essential market review, 14 April
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.
Index spring cleaning: Dow Jones picks Apple, drops AT&T
The Dow Jones Industrial Average used the last day of winter for spring cleaning, disconnecting telecommunications legacy company AT&T from the index and picking technology trendsetter Apple
2015 New Listings: Wall Street hot for Uber, Airbnb and Spotify
Analysts are gearing up for another heady year in 2015, citing a deep pipeline of securities filings from leading prospects and investor zeal for such hot names such as apartment rental website Airbnb and app-based taxi service Uber.
GE to start building 100 MW wind farm in Kenya
General Electric (GE) plans to begin construction of a 100 MW wind power farm in Kenya early next year and expects it to be up and running within 18 months after that, a company executive said on Thursday.
Africa set to switch on gas-to-power potential
Africa’s under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent’s crippling electricity void, a shift that should boost economies and small-cap energy firms.
Expert opinion: Fabricius on Obama’s $37bn kicker at Africa Summit
By Peter Fabricius for ISS Africa Expressions such as ‘historic,’ ‘turning point,’ ‘pivotal moment’ and the like are considerably overused in diplomatic discourse. So one must take with a large precautionary pinch of salt the gushing assessments by some Washington Africanists that United States President Barack Obama’s first US-Africa summit was the biggest milestone in … Read more
Billions of dollars in deals and funding to be announced at Africa summit
By Lesley Wroughton WASHINGTON (Reuters) – The United States will announce nearly $1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programs in Africa during a summit this week, U.S. and development officials say. U.S. officials said the Aug. 4-6 summit in Washington of nearly … Read more