Author: The Editorial Team

LAGOS (capital Markets in Africa) – Russia’s ambassador to Guinea praised President Alpha Condeas “legendary” and said constitutions can be changed, outraging the opposition and fueling speculation that Russia supports plans for Conde to stay in power after his mandate ends next year. “Do you know many countries in Africa that do better? Do you know many presidents in Africa who do better?” Alexander Bregadze said in a speech broadcast on state TV late Wednesday. “Dear…

LAGOS (Capital Markets in Africa) – Secretary of State Michael Pompeo accused the Obama administration of underestimating the threat posed by Islamic extremism and Iran, delivering a speech in Cairo sharply criticizing President Donald Trump’s predecessor and declaring the U.S. a “force for good” in the region. Pompeo, speaking to an audience at the American University of Cairo on Thursday, said the Arab world must do more in the fight against extremism, reiterated U.S. support for Israel and…

LAGOS (Capital Markets in Africa) – Madagascar’s Constitutional Court declared Andry Rajoelina the winner of last month’s runoff presidential election his rival says was rigged. Rajoelina, who previously served as president from 2009 to 2014, obtained 55.7 percent of the vote, compared with 44.3 percent for Marc Ravalomanana, Jean-Eric Rakotoarisoa, the president of the court, told reporters Tuesday in the capital, Antananarivo. Rajoelina will be sworn in later this month, he said. The announcement is based on results…