The Editorial Team |

Kenya Plans to Start Oil Exports, Award Blocks Early 2018

NAIROBI (Capital Markets in Africa) – Kenya plans to ship its first oil at the end of February and award 17 new exploration blocks during the first quarter of 2018, the Energy Ministry said. While East Africa’s biggest economy was scheduled to export its first crude in June, it delayed the pilot program following a tussle between the Turkana community in Kenya’s northwest — where Tullow Oil Plc has discovered 1 billion barrels of oil — and the central government…

Mkhize Plays Unity Card in Bid to Lead South Africa’s ANC

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – As the battle to succeed President Jacob Zuma as leader of South Africa’s ruling party grows increasingly bitter, party Treasurer-General Zweli Mkhize is positioning himself as the one candidate who can stop the African National Congress from splitting apart. “If I was to be elected there are specific things that I would contribute to the ANC that would take it forward — unity is the one main issue,” Mkhize said in an interview…

Liberia Begins Counting Ballots After Peaceful End to Voting

Posted on by The Editorial Team

MONROVIA (Capital Markets in Africa) – Election officials in Liberia started counting ballots after polling stations closed in presidential and parliamentary elections that regional observers said were conducted peacefully. Liberians chose a president to replace Nobel Peace Price laureate Ellen Johnson Sirleaf from among 20 candidates who include a retired soccer star, a former warlord and a wealthy chicken farmer. Voting ended at most stations from 6 p.m. on Tuesday, with the first official results expected to be released…

Kenya Opposition Takes to Streets as Election Decision Looms

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan police fired teargas at opposition supporters in two cities as the East African nation awaits the electoral commission’s response toRaila Odinga’s withdrawal from a presidential vote rerun that threatens a constitutional crisis. Demonstrators marched in the capital, Nairobi, and the western city of Kisumu to protest what Odinga said is the electoral commission’s failure to ensure that the new vote ordered by the Supreme Court will be fair….

IMF Sees No `Substantive’ Zambian Aid-Deal Talks This Month

Posted on by The Editorial Team

LUSAKA (Capital Markets in Africa) – The Zambian government and the International Monetary Fund won’t be holding meaningful discussions on a proposed $1.3-billion aid program at the Washington-based lender’s annual meetings this month after talks were put on hold in August. The nation’s Eurobond yields climbed. “IMF staff will be meeting the Zambian delegation at the IMF-World Bank annual meetings to discuss next steps,” Alfredo Baldini, the fund’s resident representative in Lusaka, Zambia’s capital, said in reply…

Africa’s Economic Future Depends on Its Farmers

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – When the economies of Nigeria and South Africa recently rebounded, it wasn’t oil or minerals that did the trick. It was agriculture. Faster and more sustainable agricultural growth is crucial not only to the continent’s economy, but also to its ability to feed and employ its surging population. Agriculture still accounts for a quarter of gross domestic product and as much as two-thirds of employment in sub-Saharan Africa. In fact, agricultural growth has the…

World Bank Says Africa GDP Rebound Inadequate to Tackle Poverty

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The rebound in sub-Saharan Africa’s economic growth is insufficient to meaningfully reduce poverty, the World Bank said. Gross domestic product in the region will probably expand by 2.4 percent in 2017, the Washington-based lender said in an emailed copy of its Africa Pulse report on Wednesday. While that’s down from the World Bank’s April forecast of 2.6 percent, it’s an improvement on the two-decade low growth rate of 1.3…

« 1 … 626 627 628 629 630 … 1,078 »