Features | - Part 155

Zuma’s Exit Sparks Shifting Political Alliances in South Africa

JOHANNESBURG (Capital Markets in Africa) – Jacob Zuma’s forced resignation as South Africa’s president did more than revive confidence in the ruling African National Congress. It’s deepened divisions between the two main opposition parties, threatening their control of the nation’s key cities. Together with the ANC’s shift to support expropriation of land without compensation, Zuma’s replacement by Cyril Ramaphosa has thawed its relations with the Economic Freedom Fighters. The party hounded Zuma over allegations of graft and…

Tiger Falls as Factory Blamed for Outbreak That Killed 180

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JOHANNESBURG (Capital Markets in Africa) – Tiger Brands Ltd. tumbled after the South African company’s processed meat was identified as a source of the listeriosis outbreak that’s killed 180 people and infected about 1,000. Africa’s largest packaged food maker has been ordered to recall certain Enterprise brand ready-to-eat items and has suspended operations at two plants, while South Africans are being advised to avoid all similar processed meat products. The listeriosis outbreak in South Africa was…

Sierra Leone to Vote Amid Discontent Over Ebola, Iron Ore

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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

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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…

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