Features | - Part 163

Ramaphosa’s Narrow ANC Vote Win Cuts Odds of Quick Zuma Ouster

JOHANNESBURG (Capital Markets in Africa) – Cyril Ramaphosa’s victory in a gruelling battle to lead South Africa’s ruling party may have been the easy part. His narrow win and his allies’ failure to secure three other top posts is likely to delay his ascendancy to the nation’s presidency and plans to revive a stuttering economy. While Ramaphosa won 52 percent of the vote for the top post of the African National Congress, edging out Nkosazana Dlamini-Zuma,…

Opinion Piece : Artificial intelligence (AI) a day …

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – One of the greatest benefits of artificial intelligence (AI) to humankind is its influence on the medical field. “Powered by some of the most sophisticated technology, AI is assisting in improving medical diagnosis,” says Anton Jacobs, managing director at African value-added technology distributor, Networks Unlimited. From an AI doctor and chatbot to AI’s powerful applications, machine learning and deep learning, a world that used to be all about coding,…

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

Posted on by The Editorial Team

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

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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…

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