Features | - Part 156

Kenya Deports Opposition Politician as Others’ Travel Barred

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…

Zimbabwe Opposition Leader’s Cancer Is Said to Worsen

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – The health of Zimbabwe’s main opposition leader, Morgan Tsvangirai, has worsened with his cancer having appeared to have spread and his immediate family have been called to a hospital in South Africa, a senior party official said. Tsvangirai, 65, a former labor union leader, opposed former Zimbabwean President Robert Mugabe in every election since 2000 and won a first round presidential vote in 2008 before backing out of the second round, citing…

Tanzanian Police Arrest Opposition Leader as Detentions Mount

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzanian police arrested opposition leader Zitto Kabwe, the latest among dozens of politicians detained in the East African nation this year. The authorities detained Kabwe when he arrived at the airport in the largest city, Dar es Salaam, on Wednesday, then transferred him the capital, Dodoma, according to a statement on his Twitter account. Kabwe’s Alliance for Change & Transparency is making inquiries about why he was arrested,…

Kenya Charges Opposition Figure Amid Protests Over Arrests

Posted on by The Editorial Team

NAIROBI (Capital Markets in Nigeria) – Kenyan authorities charged an opposition figure over his attendance at a mock inauguration ceremony, as protests erupted over the arrest of anti-government leaders. Police charged Miguna Miguna with being present at the administering of an oath of office to National Super Alliance leader Raila Odinga on January 30 “purporting to bind” Odinga to a treasonous offense, according to a charge sheet published on the Twitter account of Ukweli Party leader Boniface…

Investec Swaps Brash for Suits as Koseff Makes Way for New CEOs

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Raised in the same industrial town as actor Charlize Theron, Investec Chief Executive Officer Stephen Koseff still retains the edge he picked up as a bloke from Benoni on the east of Johannesburg. Now, after 40 years of jostling with South Africa’s biggest banks and money managers to build Investec into a business managing more than 154 billion pounds ($215 billion) in assets, Koseff and Investec’s two other founding members are making way for new…

FinTech is Fast-tracking the Positive & Profitable Transformation of Banking & Financial Services in Africa

Posted on by The Editorial Team

The impact of Blockchain, Open Banking, Mobile Money and Payment innovations are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to incumbent banks and kickstart new opportunities in Kenya Nairobi, Kenya: Africa’s financial sector is in the midst of an exciting and profound transformation. The rapid growth of FinTech on the continent is driving the disruption and, in many cases, leapfrogging of legacy systems as innovators accelerate the digital transformation of…

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