Alibaba Will Beat Amazon to Become the First Trillion-Dollar Internet Company, Analyst Says

MKM Partners says Alibaba can reach a $1 trillion valuation by 2020. “We think that BABA may have the best chance among Internet mega-caps to become the first $1 trillion company,” the firm’s analyst writes.   These companies are in the race to a $1 trillion valuation  14 Hours Ago | 04:32 MKM Partners predicts Alibaba will reach…

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Guinea Approves $2.8 billion Chinese Bauxite, Aluminum Investments

Guinea’s government has approved a more than $2.8 billion investment by Chinese company TBEA Co Ltd (SHA: 600089) in a new bauxite mine, an aluminum refinery and an aluminum smelter, the mines ministry said on Friday. Guinea has about a third of the world’s bauxite reserves but output has lagged, largely due to political instability.…

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Political Risks of Sudan’s 18% Devaluation its Pound Currency in January

Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, the finance minister said on Tuesday. The International Monetary Fund (IMF) urged Sudan earlier this month to float its currency to boost growth and investment, but the government has ruled out a market-determined exchange…

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Military Keeps Winning as Zimbabwe’s Mnangagwa Appoints Former Army Boss as Party VP

  Military Keeps Winning as Zimbabwe’s Mnangagwa Appoints Former Army Boss as Party VP The benefits of the coup in Zimbabwe continues to pile up for the military top brass.Newly installed President Emmerson Mnangagwa  just appointed retired army boss Constantino Chiwenga (who engineered the coup that threw out long-time President Robert Mugabe) and veteran politician…

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Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe

  Bloomberg’s Guide to Key Africa Markets in 2018: From Angola to Zimbabwe African bonds outperformed emerging-market average this year Key challenges lie ahead, with IMF warning of credit risks Its local-currency and dollar securities easily outperformed those of emerging markets overall as investors piled into a continent offering high yields and starting to recover…

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