Features | - Part 141

Zimbabwe Opposition Party Denied Access to Voters Roll

HARARE (Capital Markets in Africa) Zimbabwean opposition party Movement for Democratic Change hasn’t been given an electronic copy of the voters roll despite repeated requests, a party official said. The MDC has been trying to obtain an electronic copy for two weeks, but has been rebuffed on a daily basis, Senator David Coltart told Bloomberg News in a telephone interview from Zimbabwe’s second city, Bulawayo, on Monday. “I’m apoplectic. How come the Zimbabwe Electoral Commission…

Ivory Coast Coalition Partner Rejects Merger Before Elections

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) – The main partner in President Alassane Ouattara’s ruling coalition won’t go ahead with a proposal to unify their parties before presidential elections in two years and plans to field its own candidate. The announcement is a setback for Ouattara and plans to merge the six parties that make up the ruling coalition, which would have consolidated its grip on power in the world’s biggest cocoa producer and forced the two…

Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

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LAGOS (Capital Markets in Africa) – Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. “Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour Ardebili said in comments to Bloomberg on Sunday. “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity….

South Africa’s New Mining Charter to Credit Past Black Deals

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JOHANNESBURG (Capital Markets in Africa) – South Africa will give mining companies credit for past black-empowerment deals even when the investors later sold their shares to whites or foreigners, removing a major concern for the industry. The country’s new Mining Charter, which is aimed at distributing South Africa’s mineral wealth more widely, will apply the “once empowered, always empowered” principle as long they met the previous 26 percent black-ownership requirement. The minimum percentage will also…

Eskom Says Some South Africa Power Stations Hindered by Protests

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JOHANNESBURG (Capital Markets in Africa) – Some South African power stations are operating below full strength as workers protest state-owned Eskom Holdings SOC Ltd.’s insistence that it won’t offer pay increases. All the facilities are still running though, and the company, which supplies most of South Africa’s electricity, is determined to “keep the lights on,” Chief Executive Officer Phakamani Hadebe told reporters in Johannesburg. The company is implementing contingency plans and will get court orders to stop…

Zuma’s Defiance Hampers Ramaphosa Bid to Reform South Africa

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JOHANNESBURG (Capital Markets in Africa) – Pressured to resign as the nation’s president in February, Zuma retains significant influence in the ruling African National Congress, and his successor, Cyril Ramaphosa, has been forced to keep some of the former leader’s allies in the cabinet. That’s hampered the new president’s bid to unify the party, fight corruption and implement policies to restore confidence in the economy. Zuma, 76, still attends ANC events, including at least one…

Politicians Look Set for Easy Ride in Kenyan Graft Crackdown

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan prosecutors have rounded up scores of officials they intend putting on trial for looting billions of shillings from state coffers. Few of their political masters — seen by many as the kingpins behind repeated scandals — look set to face similar censure. The spate of arrests are part of an effort by President Uhuru Kenyatta, who won a disputed election last year, to improve controls over public funds and…

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