Features | - Part 149

Nigerian President Buhari Will Seek Second Term in 2019

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari has decided to run for re-election in February, ending months of speculation about whether the former military ruler would seek a second term. The announcement of the decision by Buhari, 75, on Monday came at a time of growing criticism of his performance and uncertainty in his ruling All Progressives Congress about his plans. He was in the U.K. for a total of five months last year…

Angola Gets $500 Million From HSBC Account Frozen Due to Fraud

Posted on by The Editorial Team

LUANDA (Capital Markets in Africa) – Angola has recouped $500 million that was frozen in an HSBC Holdings Plc account in London linked to an alleged fraud, the Finance Ministry said. The funds were part of $1.5 billion that the Angolan government was to pay Mais Financial Services, a company managed by a person close to Jose Filomeno dos Santos, the son of Angola’s former president, for the start-up of a $35 billion strategic investment…

Zuma’s Graft Case Adjourned Until June by S. African Court

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Former South African President Jacob Zuma’s corruption case was adjourned until June 8, signalling that a criminal trial may be delayed until at least the end of the year. Zuma, 75, is facing 16 charges brought by the National Prosecuting Authority that range from corruption to racketeering related to bribes he allegedly took in the 1990s from weapons dealers including French arms maker Thales SA, which is also a defendant….

Ex-Civil War Leader Wins Presidential Vote in Sierra Leone

Posted on by The Editorial Team

FREE TOWN (Capital Markets in Africa) – Sierra Leone elected as president an opposition politician who briefly ruled the West African nation as head of a junta during the civil war in the 1990s. Julius Maada Bio of the Sierra Leone People’s Party was declared the winner on Wednesday of a tight presidential run-off by the electoral commission after receiving 51.81 percent of ballots cast against 48.19 percent for his opponent, Samura Kamara, of the All…

Tanzania Grants Bail to Opposition Leaders Accused of Sedition

Posted on by The Editorial Team

DAR ES SALAM (Capital Markets in Africa) – A Tanzanian court granted seven opposition officials bail after most were detained for a week on charges of sedition, incitement to violence and unlawful assembly, their political party said. Chadema Party Chairman Freeman Mbowe, Secretary-General Vincent Mashinji and four others had been remanded in custody since March 28. A seventh person, lawmaker Halima Mdee, was arrested April 1 on arrival at the airport in Dar es Salaam, the commercial…

Netanyahu Backtracks on African Migrant Plan, Then Shifts Again

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Prime Minister Benjamin Netanyahu backtracked on a just-announced agreement with the United Nations to let about 20,000 African migrants remain in Israel, following an outcry from coalition partners and his political base. On Monday afternoon, Netanyahu called a news conference to disclose Israel had cancelled an earlier plan to deport all 38,000 migrants to Africa, following mass demonstrations against the policy at home and criticism from abroad. Instead, he said, he…

Credibility of Zimbabwe’s First Post-Mugabe Vote Is at Stake

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – As Zimbabwe prepares to hold its first election since Robert Mugabe was toppled after almost four decades in power, a key question is whether the government can accomplish something he failed to do: oversee a free vote. Whether the election due before Sept. 1 is regarded as fair may determine the success of efforts by President Emmerson Mnangagwa, who replaced Mugabe as president in November, to attract investment to revive an economy…

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