The Editorial Team |

Shock Win by Congo Opposition Leader Marred by Rigging Claim

KINSHASA (capital Markets in Africa) = The first-ever win by an opp osition presidential candidate in the Democratic Republic of Congo is being marred by claims by a rival and an influential Catholic Church body that Felix Tshisekedi’s victory wasn’t a fair reflection of the vote. Official results show Tshisekedi, 55, beat the protege of outgoing President Joseph Kabila, Emmanuel Ramazani Shadary, and another opposition leader, Martin Fayulu, to become leader of the world’s biggest cobalt producer. Fayulu called…

Jaguar to Cut 4,500 Jobs Worldwide Amid Brexit, China Slump

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LAGOS (capital Markets in Africa) – Jaguar Land Rover plans to slash 4,500 jobs worldwide, as the U.K.’s biggest automobile maker responds to the sales slowdown caused by Brexit, flagging demand for diesel-powered vehicles and a downturn in China. The cuts, representing roughly 10 percent the company’s workforce, are part of a 2.5 billion-pound ($3.2 billion) push announced last year to reduce costs and boost cash flow through 2020. They come on top of the 1,500 people…

Congo President-Elect Strikes a Conciliatory Tone After Win

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KINSHASA (capital Markets in Africa) – The Democratic Republic of Congo’s incoming president, Felix Tshisekedi, will work with his predecessor to foster reconciliation and accelerate development in the poverty-stricken nation, his party said. Tshisekedi, 55, became the first opposition leader to win an election in the cobalt- and copper-rich country when electoral authorities on Thursday declared him the victor of a Dec. 30 vote. Rival candidate Martin Fayulu, who was backed by two of outgoing President Joseph Kabila’s…

Alexander Forbes Executives Resign Amid Strategic Review

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LAGOS (capital Markets in Africa) – Three Alexander Forbes Group Holdings Ltd. executives have resigned as the South African retirement, investment and insurance-services provider pushes ahead with a strategic review of its market position and business model. Chief Executive Officer at Alexander Forbes Investments Leon Greyling, Group Chief Risk Officer Vishnu Naicker and Chief Human Resources Officer Christian Schaub plan to pursue other business interests, the company said in an emailed response to questions. The departures all took effect around the start of…

Crisis and Hope: A Country Guide to Africa’s Top Political Risks

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LAGOS (capital Markets in Africa) -The start of 2019 has seen a flurry of political activity from Mali to Madagascar, with a shock opposition victory in Africa’s biggest country, protests against long-serving rulers, a short-lived coup and agitation stirred by economic mismanagement all suggesting this will be a year to watch on the continent. South Africa and Nigeria, the continent’s two biggest economies, are among more than 20 African nations that will hold elections this…

Policy Stability Seen as Key African Central Bankers’ Terms End

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LAGOS (Capital Markets in Africa) – The possible replacement of the governors of three key African central banks this year could yield an unexpected surprise: policy stability. Time is running out on the first terms of Nigeria’s Godwin Emefiele, Kenya’s Patrick Njoroge and South Africa’s Lesetja Kganyago. While all three are eligible to serve another term at the helms of their central banks, this isn’t guaranteed. Still, deepening institutional strength means there should be broad buy-in of the policies…

Russian Diplomat’s Praise of Guinean Leader Sparks Outrage

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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…

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