Features

Kenya Opposition Urges Probe of Cambridge Analytica Role in Vote

Posted on by The Editorial Team
Kenya Opposition Urges Probe of Cambridge Analytica Role in Vote

NAIROBI (Capital Markets in Africa) – Kenya’s biggest opposition party called for an independent probe of Cambridge Analytica’s role in last year’s protracted presidential elections that were marred by violence. “We would be interested in the truth about the role of Cambridge Analytica in spreading divisive propaganda in our election cycle,” Orange Democratic Movement Secretary-General Edwin Sifuna said Tuesday by phone from Nairobi, the capital. “We support an inquiry into their involvement.” Channel 4, a…

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Buhari’s Trump Card for Nigeria’s 2019 Vote: Weak Opposition

Posted on by The Editorial Team
Buhari’s Trump Card for Nigeria’s 2019 Vote: Weak Opposition

LAGOS (Capital Markets in Africa) – Samuel Okunola shares the frustration of many Nigerians with the man he voted for three years ago, President Muhammadu Buhari. The 52-year-old tailor no longer feels he can support him in elections next year, but he doesn’t see an alternative. “I can’t vote for Buhari in 2019,” Okunola said in an interview at his shop in the upscale Victoria Island district in Lagos, Nigeria’s biggest city. “I’m looking for someone…

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South Africa Awaits First Ratings Verdict of Ramaphosa Era

Posted on by The Editorial Team
South Africa Awaits First Ratings Verdict of Ramaphosa Era

JOHANNESBURG (Capital Markets in Africa) – South Africa will probably escape a junk assessment from Moody’s Investors Service this week in the first such verdict on the country’s creditworthiness since Cyril Ramaphosa came to power. The change in leadership last month from the troubled era of Jacob Zuma will allow Africa’s most-industrialized economy to cling on to the only major investment-grade rating it has left, according to all 15 respondents in a Bloomberg survey of economists and analysts. The rand has rallied and business…

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South African Tax Agency Head Suspended, Will Face Hearing

Posted on by The Editorial Team
South African Tax Agency Head Suspended, Will Face Hearing

JOHANNESBUGH (Capital Markets in Africa) – South African tax collection agency boss Tom Moyane was suspended and will face disciplinary proceedings as newly elected President Cyril Ramaphosa’s administration moved to restore trust in the institution. The ouster was Ramaphosa’s latest step to replace Jacob Zuma appointees in the government since taking over the presidency last month after his predecessor was forced to step down by the ruling party. He’s also removed the board of the state power utility, which…

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Ghana Cocoa Board Ex-CEO Charged for Causing Losses to State

Posted on by The Editorial Team
Ghana Cocoa Board Ex-CEO Charged for Causing Losses to State

ACCRA (Capital Markets in Africa) – The former chief executive officer of Ghana Cocoa Board, Stephen Opuni, has been charged for causing financial losses to the state during his tenure as head of the regulator, according to a justice ministry official. The charges against Opuni, who was fired by President Nana Akufo-Addo in January 2017, were filed Wednesday at the High Court in Accra, the capital, Joseph Addo, a spokesman for the office of the…

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Mauritius Premier Slams President Over Her Refusal to Resign

Posted on by The Editorial Team
Mauritius Premier Slams President Over Her Refusal to Resign

PORT LOUIS (Capital Markets in Africa) – Mauritian Prime Minister Pravind Jugnauth accused the nation’s president of back pedalling on a promise to resign amid allegations of misconduct, vowing to take unspecified actions. The dispute between the two leaders has ratcheted up uncertainty on the Indian Ocean island, which been politically and economically stable since it gained independence from Britain in 1968. The World Bank ranks the country as the easiest place to do business in Africa….

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Zuma Exit Rejuvenates South Africa’s Once-Cowed Parliament

Posted on by The Editorial Team
Zuma Exit Rejuvenates South Africa’s Once-Cowed Parliament

JOHANNESBURG (Capital Markets in Africa) – Jacob Zuma’s exit as South Africa’s president has given a new lease of life to the nation’s previously submissive parliament. While the African National Congress used its dominance of the legislature to shield Zuma and his appointees through repeated scandals, its lawmakers have found their voice since Cyril Ramaphosa replaced him as party leader in December and as president last month. Cabinet ministers and officials have been grilled over the misuse of…

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