Features | - Part 163

Investor Demand and Business Activity to Increase as Political Stability Returns to Kenya

NAIROBI, Kenya, December 17, 2017/ — Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organizations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses operating in the region in the year ahead, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in its annual…

Court Action Buoys Ramaphosa’s Bid to Lead South Africa’s ANC

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The fractious race to succeed South African President Jacob Zuma as leader of the African National Congress faced further disarray by court rulings likely to disqualify more than 100 delegates who were scheduled to vote at a party conference this weekend. The decisions on the members in North West, KwaZulu-Natal and Free State provinces, which mainly support Nkosazana Dlamini-Zuma, the president’s ex-wife and preferred candidate, buoyed her main rival, Deputy President Cyril Ramaphosa….

Zimbabwe Government Meets Evicted White Farmers Who Left Country

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean Deputy Finance Minister Terence Mukupe has met with white farmers who moved elsewhere after being evicted during the country’s often-violent land seizures. Mukupe, who was appointed to the role in new President Emmerson Mnangagwa’s government, sees opportunities for the farmers to return and participate in the economy, he said in an interview this week. Zimbabwe should treat exiled white farmers like “any other Zimbabwean” and offer them opportunities to farm in…

Wrong ANC Leaders Will See It Lose Power, Gauteng’s Makhura Says

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The premier of South Africa’s richest province warned the ruling African National Congress will lose its majority and extend an economic slump if it elects the wrong leaders this weekend. “If it doesn’t give South Africa the leadership that will win public confidence, not only is the ANC going to lose 2019 elections, but the country will be in a much longer protracted economic disaster, with deep pain for…

Africa’s Richest Woman Prepares New Deals After Losing Oil Post

Posted on by The Editorial Team

LUANDA (Capital Markets in Africa) – Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell shares as part of plans to strengthen their operations at home and abroad. She also said Friday she remains committed to her investments in Portuguese oil company Galp Energia SGPS…

Allianz Maroc announces management change

Posted on by The Editorial Team

Casablanca, December 11, 2017 – Dirk De Nil, CEO of Allianz Morocco has decided to step down from his current role for personal reasons on 7 December 2017. Coenraad Vrolijk, will assume the role of Interim CEO of Allianz Morocco, in addition to his current responsibilities as Regional CEO Africa of Allianz. With over 25 years of insurance experience, Dirk De Nil came to Morocco in 2014 to lead Zurich Assurances Maroc until the company was…

Threat of Split Looms as South Africa’s ANC Picks New Leader

Posted on by The Editorial Team

JOHANNESBBURG (Capital Markets in Africa) – As delegates from South Africa’s ruling African National Congress gather this week to pick a new leader to succeed President Jacob Zuma, they face a challenge that’s threatening to overshadow the contest: to stop the party from splitting. The likelihood of a breakup is probably the biggest in the ANC’s 105-year-old history, especially if Nkosazana Dlamini-Zuma, the president’s ex-wife and favored contestant, beats his deputy, Cyril Ramaphosa, in the vote for party leader,…

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