Features | - Part 180

Political Crisis With No Clear End Grinds Down Kenya Economy

NAIROBI (Capital Markets in Africa) – Joyce Njeri stands outside her clothes boutique in Nairobi, Kenya’s capital, trying to entice a handful of passers-by to look at the clothes she has for sale. There aren’t many takers. Commerce in Nairobi’s central business district already started tailing off before presidential elections on Aug. 8 that the Supreme Court annulled following vote-rigging allegations. It’s slowed dramatically during the twice-weekly protests the opposition called to demand an overhaul…

Congo Suspends Insurance Regulator Head, Stymying Industry Plans

Posted on by The Editorial Team

KINSHASA (Capital Markets in Africa) – The Democratic Republic of Congo suspended the head of the newly established insurance regulator for financial mismanagement, dealing a setback to the long-awaited liberalization of the industry. Finance Minister Henri Yav Mulang wrote to Insurance Regulatory Authority Managing Director Eric Mboma on Oct. 7 informing him that an audit had found him “guilty of several acts characteristic of bad management.” The findings were likely to result in disciplinary action,…

Johannesburg’s Executive Mayor Herman Mashaba to address African Real Estate & Infrastructure Summit in Sandton on 25 October

Posted on by The Editorial Team

“Growth in employment opportunities can only come about in the City if we transform the inner city, which has long been neglected; both the inhabitants and building infrastructure. To do this we must also work within the private sector to fix our infrastructure, generate jobs and achieve higher levels of service delivery.” This is according to the Honourable Herman Mashaba, the Executive Mayor of the City of Johannesburg, who will deliver the keynote address during…

Mkhize Plays Unity Card in Bid to Lead South Africa’s ANC

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – As the battle to succeed President Jacob Zuma as leader of South Africa’s ruling party grows increasingly bitter, party Treasurer-General Zweli Mkhize is positioning himself as the one candidate who can stop the African National Congress from splitting apart. “If I was to be elected there are specific things that I would contribute to the ANC that would take it forward — unity is the one main issue,” Mkhize said in an interview…

Liberia Begins Counting Ballots After Peaceful End to Voting

Posted on by The Editorial Team

MONROVIA (Capital Markets in Africa) – Election officials in Liberia started counting ballots after polling stations closed in presidential and parliamentary elections that regional observers said were conducted peacefully. Liberians chose a president to replace Nobel Peace Price laureate Ellen Johnson Sirleaf from among 20 candidates who include a retired soccer star, a former warlord and a wealthy chicken farmer. Voting ended at most stations from 6 p.m. on Tuesday, with the first official results expected to be released…

Kenya Opposition Takes to Streets as Election Decision Looms

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NAIROBI (Capital Markets in Africa) – Kenyan police fired teargas at opposition supporters in two cities as the East African nation awaits the electoral commission’s response toRaila Odinga’s withdrawal from a presidential vote rerun that threatens a constitutional crisis. Demonstrators marched in the capital, Nairobi, and the western city of Kisumu to protest what Odinga said is the electoral commission’s failure to ensure that the new vote ordered by the Supreme Court will be fair….

Africa’s Economic Future Depends on Its Farmers

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – When the economies of Nigeria and South Africa recently rebounded, it wasn’t oil or minerals that did the trick. It was agriculture. Faster and more sustainable agricultural growth is crucial not only to the continent’s economy, but also to its ability to feed and employ its surging population. Agriculture still accounts for a quarter of gross domestic product and as much as two-thirds of employment in sub-Saharan Africa. In fact, agricultural growth has the…

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