Author: The Editorial Team

GUINEA-BISSAU (Capital Markets in Africa) – Record cocaine busts in Guinea-Bissau and Cape Verde have fueled fears of a resurgence of drug trafficking in West Africa that’s likely to benefit Islamist militant groups in the region. Authorities in the two former Portuguese colonies have intercepted as much as 10.4 metric tons of cocaine this year, more than the total amount captured on the entire continent between 2013 and 2016, according to the latest data available…

GUINEA-BISSAU (Capital Markets in Africa) – Guinea-Bissau’s divided ruling party won most seats in a long-delayed legislative vote on March 10, paving the way for a coalition that could ease political tensions in the West African nation. The African Party for the Independence of Guinea and Cape Verde, known as the PAIGC and formed as a movement to fight Portuguese colonizers in the 1960s, won 47 of the 102 seats in the National Popular Assembly, according…

ADDIS ABABA (Capital Markets in Africa) – Ethiopia will ask European air-safety experts to analyze black boxes from a crashed Boeing Co. jet in a sign U.S. authorities aren’t trusted to determine the cause of the disaster after ruling that the model is safe to fly. The government hasn’t yet decided exactly where to send the data and voice recorders, though a European body will be approached, Ethiopian Airlines, which operated the crashed 737 Max jet, said Wednesday….