The Editorial Team |

Pound Drops From 8-Month High as Tory Lead Shrinks in Key Poll

LONDON (Capital Markets in Africa) – The pound fell from an eight-month high after a poll that successfully predicted the 2017 vote suggested the Conservative party will win a smaller majority than earlier predicted in Thursday’s election. Sterling slid as much as 0.4% after the YouGov poll indicated Prime Minister Boris Johnson’s party will gain a majority of 28, compared with 68 projected two weeks ago. Currency markets were already jittery ahead of a number of risk events in…

The Voting Tactics That Could Cost Boris Johnson His Majority

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LONDON (Capital Markets in Africa) – He was Tony Blair’s ultra-loyal spin doctor in the era of New Labour. But in this week’s U.K. election, Alistair Campbell is calling on voters to back the rival Liberal Democrats — all because of Brexit. “Voting Labour will just help the Tories,” Campbell wrote in a leaflet to electors in the district of Wokingham, a small town 40 miles west of London where Labour and the Liberal Democrats are vying to…

Boris Johnson’s Lead Cut in Key Forecast Ahead of U.K. Election

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LONDON (Capital Markets in Africa) – Prime Minister Boris Johnson’s lead in Britain’s general election was slashed by more than half in a hotly anticipated opinion poll released two days before the vote. The pound fell as much 0.4% on the news. The Tories will win 339 of the 650 seats in the House of Commons, Labour 231, the Scottish National Party 41, and the Liberal Democrats 15, according to a YouGov forecast on Tuesday. If the research…

The Tories Secretly Fear Trump Could Wreck Johnson’s Election

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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…

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