Author: The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt’s parliament is expected to vote Tuesday on whether to amend the constitution to let President Abdel-Fattah El-Sisi remain in office until 2030. The amendment, approved Sunday by parliament’s legislative committee, moderates earlier proposals that could have kept El-Sisi in office until 2038. Under the latest version, the presidential term would be extended to six years from four, with a limit of two terms. An exception would be made for El-Sisi, who would…

KHARTOUM (Capital Markets in Africa) – Sudanese pro-democracy protesters won further concessions from the army that overthrew President Omar al-Bashir, as upheaval in the ruling military council signals a power struggle among the remnants of his 30-year regime. Since taking control on April 11, the council has canceled its curfew, freed prisoners, changed leadership and vowed to review laws that brought trials for perceived indecency or apostasy, all in response to mass protests. Yet it hasn’t…

LONDON (Capital Markets in Africa) – Both Theresa May’s government and the opposition Labour Party said Sunday that their talks represented the best chance of finding a Brexit solution and ending months of deadlock. But even as David Lidington, May’s de facto deputy, said there was common ground between the two sides, a former leader of May’s Conservative Party called on her to end the discussions, pull Britain out of the European Union and then resign as…

LONDON (Capital Markets in Africa) – Jeremy Corbyn being elected U.K. prime minister would be just as damaging to British banks’ profits as the country crashing out of the European Union without a withdrawal agreement, according to Citigroup Inc. While London-listed bank stocks have recovered from last year’s lows as the risk of a “no-deal Brexit” gradually subsides, a snap election is becoming more likely as lawmakers in Westminster remain unable to agree on a future…