Features | - Part 178

Merkel Faces `Divided’ Germany as Talks on Coalition Begin

BERLIN (Capital Markets in Africa) – Angela Merkel is facing pressure to put her stamp on Germany’s next government as the chancellor begins talks on uniting four disparate parties into a coalition to govern Europe’s biggest economy. Almost a month after her Christian Democratic-led bloc emerged weakened from a national election, Merkel meets separately with the pro-market Free Democratic Party and the Greens on Wednesday to sound out the potential for a pact on cabinet posts and policy….

Kenya Opposition Suspends Vote Protests as Supporters Killed

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s main opposition group suspended protests calling for electoral reform as it accused the government of deliberately targeting supporters in a series of killings since the country’s annulled presidential election in August. The death of a student in the western city of Kisumu on Monday was the latest in a series of murders as the country gears up for a rerun of the election next week, National Super Alliance…

EU Is Said to Seek a Road Map for Future U.K. Deal by December

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – European Union countries are seeking to complete preparatory work on a future relationship with the U.K. before the end of the year, in a move intended to keep hope alive for Theresa May’s government as Brexit negotiations stall. The European Council, which represents member states, will start working with the European Commission as soon as this month on the key points, according to an EU government official familiar with the matter. The plan…

Franco-German Brexit Stance Is Said to Have Broad EU Support

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Germany and France insist they’re not alone in refusing British pleas to move ahead with Brexit talks, as they lay the blame for the impasse with Prime Minister Theresa May’s government. Officials in Berlin and Paris said their stance in negotiations is no tougher than that of other member states. Even though the bloc’s positions have been unanimously agreed, there is a concern in the German government that some countries…

Zuma’s Moves Threaten Split in South Africa’s Ruling Alliance

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma’s decision to fire communist party leader Blade Nzimande from his cabinet is widening a rift with two of the African National Congress’s closest allies before a key leadership conference in December. In dismissing Nzimande as higher education minister Tuesday, Zuma, 75, targeted the communist party, which along with the main labor confederation, Cosatu, has said the president must step down because of a series of scandals that have…

Irish Said to Weigh Border Demand as Price for Brexit Progress

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Ireland’s government is considering pushing for guarantees that no border will be imposed on the island of Ireland as the price for allowing Brexit talks to move ahead, according to three people familiar with the matter. Irish authorities are keen to use their leverage in the first part of the negotiations to extract maximum concessions on the border issue, according to the people, who asked not to be named because the deliberations are ongoing….

McKinsey Admits to Failures in Eskom Scandal After Probe

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – McKinsey & Co. will review its practices in South Africa and suspend work for state companies after an internal investigation found it failed to follow its own procedures while working with the country’s power company. The U.S. consultancy never worked with any business linked to the Gupta family and didn’t make payments to directly or indirectly win contracts, the company said in a statement on the findings of its probe…

« 1 … 176 177 178 179 180 … 259 »