Features | - Part 155

Sierra Leone to Vote Amid Discontent Over Ebola, Iron Ore

FREE TOWN (Capital Markets in Africa) – Sierra Leone will hold elections on Wednesday in which an unprecedented number of political parties will compete as discontent over the government’s handling of an economy battered by the Ebola outbreak has soared. The vote marks a departure from a decades-old tradition that mainly divided the balance of power between the All People’s Congress and the opposition Sierra Leone People’s Party, with a newcomer, the National Grand Coalition,…

CULTIVATING THE GREEN OPPORTUNITY IN KENYAN REAL ESTATE

Posted on by The Editorial Team

Nairobi, Kenya – Kenya has the opportunity to set a benchmark for Africa in implementing cost-saving green technologies, as it pursues its development goals as a committed signatory of the International Climate Agreement (ICA), said the Kenya Green Building Council’s (KGBS) Madhur Ramrakha. As the 49th ICA signatory, Kenya has committed to reducing its greenhouse gas emissions by 30 per cent by 2030, while achieving its housing, infrastructure, job and healthcare goals. But while the…

Opposition Party Sees Opening as Ethiopia Government Vows Reform

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ADDIS ABABA (Capital Markets in Africa) – An Ethiopian opposition party whose chairman was freed after more than a year in prison plans to step up its political activity as the Horn of Africa nation’s government pledges greater openness in the wake of mass protests. The Oromo Federalist Congress will open an initial 20 offices in the Oromia region and “start to organize our people,” Chairman Merera Gudina said in an interview in the capital,…

African Gold Miner Endeavour Would Rather Be Agile Than Huge

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LAGOS (Capital Markets in Africa) – Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better. “One of the reasons the majors have failed over the years is they’ve built such large corporate teams that the decision-making processes within those organizations is so slow,” Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. “Being able to remain quite lean gives you the agility to move and to take…

Zuma’s Protracted Exit Tests Ramaphosa’s Power in South Africa

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JOHANNESBURG (Capital Markets in Africa) – Less than two months after taking over the leadership of South Africa’s ruling party, Cyril Ramaphosa is facing a key test of his authority: President Jacob Zuma just won’t go away. Zuma initially defied a decision by top leaders of the African National Congress that he should quit, but his exit seemed imminent when parliament on Tuesday postponed the annual state-of-the-nation address just two days before he was due to deliver it. On…

Kenya Deports Opposition Politician as Others’ Travel Barred

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NAIROBI (Capital Markets in Africa) – Kenyan authorities forced a key opposition backer to leave the country after his arrest triggered protests, as the state ordered other government opponents to surrender their passports. Miguna Miguna, an advocate and self-declared “general” of the opposition National Resistance Movement, left Kenya Tuesday, his lawyer Nelson Havi said by phone from Nairobi, the capital, on Wednesday. Miguna said by text message from Amsterdam he plans to challenge the deportation….

Zuma Exit Appears Step Closer as ANC Holds Transition Talks

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma appeared a step closer to resigning as he held crunch negotiations on the terms of his exit with the new leader of the ruling African National Congress, Cyril Ramaphosa. The talks prompted the ANC’s National Executive Committee, its top decision-making body, to postpone a special meeting called for Wednesday to decide whether to force Zuma from office. Ramaphosa said the talks about the transition of power would…

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