Features | - Part 196

Nigeria’s Former Ruling Party in Opposition Coalition Talks

LAGOS (Capital Markets in Africa) – Nigeria’s former ruling party is in talks with other opposition groups to build a new coalition to try to prevent its main rival, the All Progressives Congress led by President Muhammadu Buhari, from winning a second term in the West African nation’s next vote in 2019. “We’re talking to more than 16 political parties to see how we can come and work together,” Ahmed Makarfi, chairman of the People’s Democratic Party,…

Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about the thieves who’d shut him down. As much as 30 percent of the oil sent by pipelines through the swampy Niger River delta is stolen, consultant Wood Mackenzie Ltd. estimates. That’s…

South Africa Proposes Restriction on Renewal of Mining Rights

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African Mineral Resources Minister Mosebenzi Zwane proposed a restriction on granting and renewing mining rights that are needed by producers to operate in the country. Zwane has issued a request for submissions on the proposal, “having regard to the national interest and the need to promote the sustainable development of the nation’s national resources,” he said in a government gazette published Wednesday. The minister’s move raises the stakes in his dispute…

Struggling Kenyans Headache for Kenyatta as Elections Approach

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – About two-thirds of Kenyans say they’re worse off economically, expressing concerns that should “worry” President Uhuru Kenyatta as he seeks re-election in a vote in three weeks, pollsters Ipsos and U.S-based John Zogby said. Almost half of the population cite the cost of living and hunger as the most serious problems they grapple with daily, followed by unemployment, Nairobi-based Ipsos said in an opinion poll published on Wednesday. The survey found…

Nigeria to License Drones in New Rules for Unmanned Aircraft

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria plans to license drones used for both commercial and private purposes under new regulations governing unmanned aircraft, the head of the civil aviation agency said. “We have proposed regulations already,” Dele Sasegbon, director of general aviation at the Nigerian Civil Aviation Authority, told reporters Thursday in the capital, Abuja. “For the integration of unmanned aircraft into the national airspace system, we have to do it seamlessly.” Steps have…

U.S. Extends Sudan Sanctions Review Period by Three Months

Posted on by The Editorial Team

KHARTOUNM (Capital Markets in Africa) – The U.S. delayed by three months a decision on whether to permanently lift some sanctions imposed on Sudan, making the revocation dependent on the North African country sustaining progress in areas such as anti-terror cooperation. President Donald Trump’s executive order extends the six-month review period established by the Obama administration on Jan. 13, which detailed conditions Sudan must meet for certain sanctions to be revoked, the State Department said in…

President Buhari Due to Return to Nigeria Soon, Deputy Says

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari is recuperating and should be back in the country “very soon,” Vice President Yemi Osinbajo said a day after visiting him in the U.K. Osinbajo, who travelled to London Tuesday to meet Buhari, told reporters in the capital, Abuja, that they spoke for more than an hour. Buhari is “in very good spirits,” Osinbajo said. “He’s doing very well.” Buhari, 74, has been in the U.K. since May 7…

« 1 … 194 195 196 197 198 … 258 »