Features | - Part 191

Ramaphosa Targeted as S. Africa’s Succession Race Turns Ugly

JOHANNESBURG (Capital Markets in Africa) – The race to lead South Africa’s ruling party is turning increasingly nasty. Allegations that Deputy President Cyril Ramaphosa, a front-runner for the post, had extra-marital affairs with at least eight women and paid expenses for some of them were splashed across the front page of the Sunday Independent, which cited Ramaphosa’s private emails to back up the story. It didn’t say how it obtained them. Ramaphosa called the report part…

Nigeria Immigration Service bans cash payment at passport offices

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Nigeria Immigration Service (NIS), on Monday, 28 August 2017, announced the ban of cash payment for processing of Nigerian passports in all passport offices across the country. The ban is part of the efforts by NIS to eliminate perceived corruption associated with processing of Nigerian passports. This directive was made following an investigative report revealing that immigration officials engage ‘agents’ also known as touts to request for more…

Somalia Confirms Capture, Deportation of Ethiopian Rebel Leader

Posted on by The Editorial Team

MOGADISHU (Capital Markets in Africa) – Somali agents captured a senior Ethiopian rebel leader and handed him over to the authorities of his home country, the head of Somali intelligence said. Abdikarim Sheikh Muse, a member of the Ogaden National Liberation Front’s executive committee, was detained in the central town of Adado, 500 kilometres (311 miles) north of the Somali capital, Mogadishu, on Aug. 25, National Intelligence & Security Agency Director Abdullahi Mohamed Ali told…

Cash-Burning Activist Sets West Africa’s Social Media Alight

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A West African activist who burned a bank note to demonstrate his hatred of the regional CFA franc has reignited a decades-old debate and prompted thousands of supporters in former French colonies to turn to social media and demand that the currency be scrapped. The French-Beninese national, Kemi Seba, appeared in court in Senegal in connection with a video that showed him setting a bank note of 5,000 CFA francs…

Kenya Opposition Says Audit of Electoral System Shows Misuse

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s main opposition group said an audit of the electoral authority’s computer servers found they were accessed by “anonymous users” and that there’s no trace of data being submitted by polling stations in this month’s presidential election. The National Super Alliance also alleged in documents submitted to the Supreme Court on Tuesday that scrutiny of the Independent Electoral & Boundaries Commission servers showed Chairman Wafula Chebukati’s account was “used…

Managed IT Support Services To Eliminate Risks and Reduce Downtime!

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Thanks to online technology, life has become very simple and easy for you today. Even if you are a business owner, you will find computers, and the Internet makes your day to day tasks straightforward and easy. However, when it comes to information technology for streamlining the functions of your company, some tasks are complex and may be beyond your understanding. It is here that you need credible IT…

Money Smarts: How to beat the recession

Posted on by The Editorial Team

If you’re worried about the state of your finances as South Africa tilts into another full-blown recession, you’re not alone. Many thousands of South Africans are now feeling uncertain about their financial futures, especially following the nation’s credit rating downgrade to junk status in April 2017 and in light of the ongoing political unrest. On 6th June 2017, it was announced that South Africa had slid into yet another economic recession. The trigger? A gross…

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