Author: The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean central bank Governor John Mangudya threw paper files at Finance Minister Mthuli Ncube in an argument over how to handle the nation’s monetary policy, the Zimbabwe Independent reported, citing people it didn’t identify. The altercation took place at a meeting at the Treasury’s offices last week, the Harare-based newspaper said. After tossing the files at Ncube, Mangudya stormed out of the meeting and slammed the door behind him, leaving top government officials…

LAGOS (Capital Markets in Africa)  – As U.S. forces prepare to oust Islamic State militants from their last foothold in Syria, the head of the U.K.’s foreign intelligence agency warned of the lasting threat from the group’s ideology. “We are not triumphant because I think from triumphant you get to hubris,” MI6 Chief Alex Younger told reporters in Munich on Friday. “This is a societal, generational problem that we face in the West and it can only…

LAGOS (Capital Markets in Africa) – Whether President Muhammadu Buhari or his main opponent, Atiku Abubakar, will win Nigeria’s election on Saturday has split analysts down the middle. Polls in Nigeria tend to be unreliable, given the difficulty of sampling a nation of 200 million people and factoring in rigging, which has marred almost every vote since Africa’s biggest oil producer got independence from the U.K. in 1960. Here are the forecasts of eight analysts, with four expecting that Buhari, a…

LAGOS (Capital Markets in Africa) – When Nigerians go to the polls on Saturday, there’ll be much more at stake than the presidency and seats in the parliament of Africa’s most populous nation. Democracy is on the back foot in Africa, and a credible and widely accepted outcome will go some way toward offsetting negative perceptions of the world’s poorest continent. While most Nigerian elections since military rule ended in 1999 concluded acrimoniously, the last…