Features | - Part 192

Nigerian President Buhari Vows to Intensify War on Militants

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari vowed to step up the fight against the Islamist militants and proponents of secession in his first speech after returning from three months of sick leave in London. Nigeria’s national unity is “not negotiable,” Buhari, 74, said Monday in a nationally televised address. “Terrorists and criminals must be fought and destroyed relentlessly so that the majority of us can live in peace and safety.” Buhari informed the…

Novartis Speeds New Anti-Malarial as Older Drug Loses Potency

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Novartis AG began testing a new anti-malaria pill in Africa, advancing development of an alternative to its most effective treatment that billionaire philanthropist Bill Gates said risked losing potency. Patients in Mali infected with the mosquito-borne parasite began receiving the experimental drug, known as KAF156, in combination with another medicine, the drugmaker said Monday. More than 500 children and adults across nine countries in Africa and Asia will be enrolled in the mid-stage study…

Angola Ruling-Party Candidate `a Chauffeur,’ Opposition Says

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LUANDA (Capital Markets in Africa) – Angolan ruler Jose Eduardo dos Santos will keep his grip on power if his party wins elections this month, even as he steps down as president after 38 years in office, according to the country’s main opposition leader. The ruling Popular Movement for the Liberation of Angola has picked 63-year-old Defence Minister Joao Lourenco as its presidential candidate for the August 23 vote. Dos Santos will remain the party’s chairman and has appointees…

Rwanda President Sworn In for Third Term After Landslide Victory

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KIGALI (Capital Markets in Africa) – Rwandan President Paul Kagame was sworn in for a third term after a landslide victory in the East African nation’s elections earlier this month that critics said took place amid a crackdown on his political opponents. Kagame received almost 99 percent of ballots in the Aug. 4 vote, extending his 17-year rule after a 2015 referendum backed amending the constitution to remove a two-term limit. The 59-year-old took the oath of…

Kenya’s Top Court Expected to Uphold Kenyatta’s Election Win

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NAIROBI (Capital Markets in Africa) – Kenya’s top court will decide over the next two weeks whether to nullify the outcome of this month’s presidential elections that the main opposition says were rigged. Most legal experts and political analysts expect President Uhuru Kenyatta’s victory to be upheld. Opposition leader Raila Odinga alleges that members of the ruling party hacked the electoral authority’s computers to deliver Kenyatta, 55, a second term. Odinga’s five-party National Super Alliance initially ruled out…

Africa’s Richest Man Will Fire Wenger If He Buys Arsenal

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LAGOS (Capital Markets in Africa) – Nigerian billionaire Aliko Dangote’s first order of business if he succeeds in buying English Premier League soccer club Arsenal will be to fire the manager, Arsene Wenger. Dangote, Africa’s richest man with a net worth of $11.1 billion, has coveted the team since becoming a supporter in the mid-1980s, he said in an interview. He’ll consider making an offer once the construction of an $11 billion oil refinery in Nigeria’s commercial capital, Lagos, is completed…

No Witch Hunt’ for S. Africa’s ANC Rebels, Mantashe Says

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Johannesburg (Capital Markets in Africa) – South Africa’s ruling African National Congress won’t try to expose its lawmakers who voted in secret with the opposition in the no-confidence motion against President Jacob Zuma, the party’s secretary-general said. “There will be no witch hunt for those who voted with the opposition,” Gwede Mantashe said in a post on his Twitter account on Tuesday. “We don’t know who voted what way.” More than two dozen members of the ANC backed…

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