Features | - Part 200

Comey Leaves Trump Under a Crippling `Cloud’ of Investigations

WASHINGTON (Capital Markets in Africa) – Donald Trump’s White House had feared the worst from former FBI Director James Comey’s testimony – the revelation of what one close associate called a “salacious bomb” that would send the investigations off into entirely new, and entirely unpredictable, directions. It never came, as Comey mostly hewed to previously reported details. But calmly, carefully, Comey actually might have done something just as dangerous. Ex-FBI chief James Comey testifies to Congress. Here’s what…

Britain Votes as Narrowing Polls Indicate These Five Scenarios

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Polls are open and voting is underway in a U.K. election dominated by Brexit, austerity and in the closing phases, security. The first indications of the result will come at 10 p.m. London time, when broadcasters will release an exit poll. While such surveys have generally been accurate in the past, they are not precise and the final result will not be known until Friday morning. Prime Minister Theresa May called the snap election to…

Kenyan Opposition Leader May Consider Tax Cuts to Woo Investors

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan opposition leader Raila Odinga said he would consider tax cuts to woo foreign investors and measures to boost manufacturing to drive export-led growth if he wins the country’s presidential elections in August. The National Super Alliance also plans measures to assist small-scale businesses and farmers, and a crackdown on corruption to boost revenue collection if it comes to power, Odinga said in an interview Wednesday in the capital, Nairobi. The…

Kenyan Election Body Denies Awarding Deal to Blocked Company

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s electoral commission said it’s yet to decide which company will print ballot papers for elections being held in two months, after a local newspaper said the deal had been handed to a Dubai-based firm whose contract has been blocked twice. “We are still working on it,” Andrew Limo, spokesman for the Independent Electoral & Boundaries Commission, said by phone on Wednesday from the capital, Nairobi. “Communication will be…

OECD Sets Out an Economic To-Do List for Next U.K. Government

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – As campaigning comes to a close before Thursday’s U.K. election, the Organization for Economic Cooperation and Development has issued a list of priorities for the next government. In its latest global outlook, the OECD says the U.K.’s exposure to international trade has helped the economy, but some industries have suffered and jobs have been lost. It also warned that poorer regions, reliant on manufacturing and agricultural exports, are “exposed to…

Nigeria Energy Overhaul Nears as Lawmakers Aim for December

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – After years of delays, Nigeria may finally be about to overhaul its oil and gas industry. Senators on May 25 passed the Petroleum Industry Governance Bill. By December, they should have enacted two more pieces of legislation, completing an overhaul that will replace current laws, Senate President Bukola Saraki said in an interview in Abuja, the capital. The goal of reforming the industry was first set out at the end of 2008. “That’s…

Nigeria’s Buhari Recovering in U.K., Will Return Soon, Wife Says

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari is recovering fast from an undisclosed ailment while on medical leave in the U.K. and preparing to return to the West African nation, according to his wife. Buhari, who has been abroad for almost a month, will be back “soon” in Nigeria, the office of Aisha Buhari said in an emailed statement Tuesday, without giving further details. Vice President Yemi Osinbajo serves as acting leader…

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