The Editorial Team |

The Tories Secretly Fear Trump Could Wreck Johnson’s Election

LONDON (Capital Markets in Africa) – A few hours in the genteel English countryside next week could be the biggest risk to Boris Johnson in the final stretch of his election bid. The British prime minister will interrupt his campaign to briefly host NATO leaders at a luxury resort with a golf course and spa. Despite the tranquil surroundings, those close to Johnson fear the gathering at the Grove Hotel in Hertfordshire could turn into a…

Johnson Bolsters Security Message After London Knife Attack

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LONDON (Capital Markets in Africa) – Boris Johnson’s Conservatives will paint their party as one of law and order on Monday, while London reels from a terror attack and prepares to welcome Donald Trump this week for a NATO summit. Both the president’s visit and the deadly assault threaten to derail campaigning and crimp the Tories’ lead over Labour, less than two weeks before the U.K. votes in the general election. When Trump lands in London on…

Ivory Coast Leader to Seek Third Term If Aging Rivals Run

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ABIDJAN (Capital Markets in Africa) – Ivory Coast President Alassane Ouattara said he’ll seek a third term in next year’s presidential election if “certain people from his own generation” decide to run. “I want my generation to understand our time is up, and we should all step aside. But if they decide to run, I’ll run too,” Ouattara told a rally in the northern city of Katiola Saturday. The world’s top cocoa producer is…

Ethiopia to Keep Control of Its Banks as Other Sectors Open Up

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ADDIS ABABA (Capital Markets in Africa) – Ethiopia is shaking up its economy by opening many industries to foreign investors. Just don’t expect the government to loosen its grip on banks yet. “Banking, insurance, micro-credit, and micro-savings services” will be reserved only for domestic investors, according to draft regulations released by the Ethiopian Investment Authority. International aviation, where state-controlled Ethiopian Airlines dominates, power, postal services, and weaponry will be done by, or in partnership, with…

North Korea Fires What May Be Missiles in New Test for Trump

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NEW YORK (Capital Markets in Africa) – North Korea appears to have fired off two missiles on Thursday in a move that comes as it has threatened to break off sputtering nuclear talks unless President Donald Trump offers up concessions by year-end. Two unidentified projectiles were fired at 4:59 p.m. local time from North Korea’s east coast into waters between it and Japan, South Korea’s Joint Chiefs of Staff said, adding that it was monitoring…

Trump Signs Hong Kong Bill Backing Protesters, Angering China

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NEW YORK (Capital Markets in Africa) – Donald Trump signed legislation expressing U.S. support for Hong Kong protesters, prompting China to threaten retaliation just as the two nations get close to signing a phase one trade deal. China summoned U.S. Ambassador Terry Branstad, with Vice Foreign Minister Le Yucheng telling him to stop meddling in Hong Kong affairs. He warned that such actions would strain ties and risk affecting “cooperation in important areas,” according to a foreign…

Both Major U.K. Parties Lack Credible Fiscal Plan, IFS Says

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LONDON (Capital Markets in Africa) – A leading U.K. think tank offered a damning analysis of both the Conservatives’ and Labour’s election pledges, and warned voters to expect higher taxes than either party has outlined. In a brutal assessment of both manifestos for the Dec. 12 vote, the Institute for Fiscal Studies said that “neither is a properly credible prospectus.” Prime Minister Boris Johnson’s Conservatives and Jeremy Corbyn’s Labour have outlined vastly different offerings for voters. While Corbyn is…

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