Author: The Editorial Team

ALGIERS (Capital Markets in Africa) – Opposition to Algeria’s ruling regime swelled as lawmakers from the OPEC member’s oldest party resigned from parliament and a powerful group of veterans joined demonstrations against ailing President Abdelaziz Bouteflika’s bid for a fifth term. The escalating opposition against the 82-year-old president has posed the biggest challenge yet to a ruling elite, known as “le pouvoir,” that managed to avoid the turmoil that gripped neighbors during the 2011 Arab Spring uprisings. The…

LONDON (Capital Markets in Africa) – European and U.K. officials are pessimistic about the chances of a breakthrough in Brexit talks, with Britain accusing the bloc of intransigence and European negotiators worried that whatever they offer won’t be enough to get Parliament behind Theresa May’s deal. According to three people familiar with the European side, there’s increasing concern that any concessions the bloc would be prepared to give wouldn’t be sufficient to win a majority in…

HARARE(Capital Markets in Africa) – Zimbabwe’s president, Emmerson Mnangagwa, is working with the military to ensure his own survival, an opposition official said, dismissing the leader’s criticism of the army’s heavy handed approach in quelling riots over fuel prices in January. The protests, the worst since 1995, ended after the military was deployed, firing on crowds and killing at least 17 people. Since then the opposition Movement for Democratic Change and human rights groups have said…