Author: The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria is improving the security of its waterways and harbors, the nation’s ports authority said, as the U.S. reportedly imposed restrictions on the West African country. The U.S. Coast Guard will apply conditions of entry to ships that recently visited some of Nigeria’s port terminals, Ships & Ports reported, citing the U.S. organization. The entry restrictions will begin April 12 and aim to protect the U.S. from vessels arriving from countries…

ALGEIRS (Capital Markets in Africa) – Bowing to almost two months of mass protests, Algeria’s ailing, octogenarian President Abdelaziz Bouteflika resigned. The announcement may not be enough to quell the unrest that’s being watched closely in Europe and elsewhere and that’s invoked comparisons to the Arab Spring of 2011. Algeria is not only one of Africa’s largest energy producers but has been a bulwark against Islamist militancy and undocumented migration from other parts of the…

ALGEIRS (Capital Markets in Africa) – Abdelaziz Bouteflika, who led Algeria out of civil war to become its longest-serving president, has resigned after throngs of protesters and even his military allies told the ailing president he’d overstayed his welcome. Though Bouteflika has rarely been seen in public since suffering a stroke in 2013, his political demise will deepen uncertainty in the North African OPECmember. His resignation late on Tuesday might not be enough to assuage demonstrators whose demands have expanded…