Features | - Part 144

Zimbabwe’s Opposition Alliance Says It Will Scrap Bond Notes

HARARE (Capital Markets in Africa) – Zimbabwe’s main opposition pledged to scrap bond notes and compensate former white farmers who lost their land if it’s elected to rule at the next of next month. The Movement for Democratic Change alliance will immediately scrap the controversial bond notes, with a longer-term goal of joining the rand monetary union and the Southern African Customs Union, Tendai Biti, a spokesman for group, said at the launch of its election…

Mali Opposition Vows More Protests After Clashing With Police

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – Mali’s main opposition alliance said it will continue with protests to demand peaceful and transparent elections next month after police fired teargas to disperse a rally this weekend in the capital, Bamako. At least 16 people including protesters and security staff were hurt on Saturday as opposition supporters rallied at the office of the Alliance for Democracy and Progress coalition. They were demanding better coverage of their campaigning on state…

BILLIONS READY FOR INVESTMENT SAYS TOP ECONOMIST

Posted on by The Editorial Team

June 4, 2018, Harare. Hosted by Africa’s premier investment and real estate development conference producer, API Events, the ZimReal Property Investment Forum on the 13th of June is a keenly anticipated event for the local industry and regional investors said host Kfir Rusin. “We’ve received a lot of interest both from local stakeholders from both the private and public-sector, which is headlined by the Hon. July Moyo, Minister, Ministry of Local Government Public Works and…

Moroccan Potash Hopeful Wins London. Now It Has to Build Mine

Posted on by The Editorial Team

CASABLANCA (Capital Markets in Africa) – Potash developer Emmerson Plc staged a strong return on the London Stock Exchange — its shares surging 62 percent on the first day of being re-admitted as the miner set its sights on a deal with Moroccan fertilizer giant Office Cherifien des Phosphates. The Isle of Man-based Emmerson, which is building the Khemisset potash mine in northern Morocco, was re-admitted to the LSE after raising 6 million pounds ($8…

Ivory Coast President Ouattara Says He May Seek Third Term

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) – Ivory Coast President Alassane Ouattara may seek re-election in 2020 after the West African nation adopted a new constitution two years ago that he said allows him to extend his two terms in power. Since assuming office in 2011 after almost a decade of political instability, Ouattara repeatedly said he would step down after completing a second term, which he won in 2015. While his ruling Rally of Houphouetists for Democracy and…

After Wild Ride, Iron Ore Becalmed as Citi Warns on Outlook

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – $60s may just persist for a while longer. Citigroup Inc. expects prices will probably hold in that range through to the third quarter, while cautioning the raw material may trend lower longer term as scrap usage rises and steel demand weakens in China. The commodity will average $65 a ton this year, before easing to $60 in 2019, according to commodities strategist Tracy Liao. That compares with a year-to-date average…

Burundi Voters Back Longer Presidential Terms in Referendum

Posted on by The Editorial Team

BUJUMBURA (Capital Markets in Africa) – Burundian voters backed sweeping constitutional changes including extending presidential terms to seven years, setting the stage for Pierre Nkurunziza to continue ruling the East African country until 2034. The proposed changes were backed by 73.3 percent of people who cast a vote in the May 17 referendum, the head of the electoral committee, Pierre Claver Ndayicariye, told a briefing Monday in the capital, Bujumbura. About 19.3 percent voted “no,” while…

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