South Africa Proposes Restriction on Renewal of Mining Rights

South Africa Proposes Restriction on Renewal of Mining Rights

JOHANNESBURG (Capital Markets in Africa) – South African Mineral Resources Minister Mosebenzi Zwane proposed a restriction on granting and renewing mining rights that are needed by producers to operate in the country. Zwane has issued a request for submissions on the proposal, “having regard to the national interest and the need to promote the sustainable development of the nation’s national resources,” he said in a government gazette published Wednesday. The minister’s move raises the stakes in his dispute…

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Struggling Kenyans Headache for Kenyatta as Elections Approach

Struggling Kenyans Headache for Kenyatta as Elections Approach

NAIROBI (Capital Markets in Africa) – About two-thirds of Kenyans say they’re worse off economically, expressing concerns that should “worry” President Uhuru Kenyatta as he seeks re-election in a vote in three weeks, pollsters Ipsos and U.S-based John Zogby said. Almost half of the population cite the cost of living and hunger as the most serious problems they grapple with daily, followed by unemployment, Nairobi-based Ipsos said in an opinion poll published on Wednesday. The survey found…

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Nigeria to License Drones in New Rules for Unmanned Aircraft

Nigeria to License Drones in New Rules for Unmanned Aircraft

LAGOS (Capital Markets in Africa) – Nigeria plans to license drones used for both commercial and private purposes under new regulations governing unmanned aircraft, the head of the civil aviation agency said. “We have proposed regulations already,” Dele Sasegbon, director of general aviation at the Nigerian Civil Aviation Authority, told reporters Thursday in the capital, Abuja. “For the integration of unmanned aircraft into the national airspace system, we have to do it seamlessly.” Steps have…

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U.S. Extends Sudan Sanctions Review Period by Three Months

U.S. Extends Sudan Sanctions Review Period by Three Months

KHARTOUNM (Capital Markets in Africa) – The U.S. delayed by three months a decision on whether to permanently lift some sanctions imposed on Sudan, making the revocation dependent on the North African country sustaining progress in areas such as anti-terror cooperation. President Donald Trump’s executive order extends the six-month review period established by the Obama administration on Jan. 13, which detailed conditions Sudan must meet for certain sanctions to be revoked, the State Department said in…

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President Buhari Due to Return to Nigeria Soon, Deputy Says

President Buhari Due to Return to Nigeria Soon, Deputy Says

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari is recuperating and should be back in the country “very soon,” Vice President Yemi Osinbajo said a day after visiting him in the U.K. Osinbajo, who travelled to London Tuesday to meet Buhari, told reporters in the capital, Abuja, that they spoke for more than an hour. Buhari is “in very good spirits,” Osinbajo said. “He’s doing very well.” Buhari, 74, has been in the U.K. since May 7…

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Blind’ Preparations Seen Stoking Risk of Kenyan Vote Unrest

Blind’ Preparations Seen Stoking Risk of Kenyan Vote Unrest

NAIROBI (Capital Markets in Africa) – Less than a month before Kenyans are due to go to the polls, electoral authorities are behind on everything from printing ballot papers to finalizing a voter list. That risks a disputed outcome and unrest a decade after post-election violence engulfed the East African nation. While the Independent Electoral & Boundaries Commission says the vote will take place Aug. 8, there has been a court appeal over the ballot…

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Global Food Markets Face Supply-Shock Risk on Imbalances

Global Food Markets Face Supply-Shock Risk on Imbalances

LAGOS (Capital Markets in Africa) – Most food commodities are dominated by a handful of exporting countries, exposing global markets to significant supply shocks when crops disappoint or policies change, according to the Organization for Economic Cooperation and Development and the United Nations. For products ranging from wheat to cheese and pork to poultry, the top five supplying countries will account for more than 70 percent of global exports in 2026, the OECD and the…

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