Interview | - Part 9

Zuma Vows to Fight Back as South African Graft Trial Delayed

JOHANNESBURG (Capital Markets in Africa) – South Africa’s former President Jacob Zuma warned opponents and ruling party officials against attacking him in public and vowed to prove his innocence after the High Court postponed his corruption case until next month. Zuma, 76, appeared briefly in the court in the eastern port city of Durban on Friday where the case was delayed until July 27 to enable his lawyers to get clarity on who will pay his legal…

Winnie Madikizela-Mandela, Apartheid Activist, Dies Age 81

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JOHANNESBURG (Capital Markets in Africa) – Winnie Madikizela-Mandela, whose reputation as a hero of the fight to end white-minority rule in South Africa was tainted by kidnapping and fraud convictions, has died. She was 81. The former wife of Nelson Mandela died in Johannesburg on Monday after a long illness, a family spokesman said in a statement. Her marriage to Mandela in 1958 thrust her onto center stage of South African politics, and she emerged as a…

ICD Board of Directors names Al Ammari as Acting CEO & General Manager following departure of Al Aboodi

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Jeddah, 12 Feb 2018 – The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) named Mr. Mohammed Al Ammari as Acting CEO & General Manager, succeeding Mr. Khaled Al Aboodi, who has recently been appointed to lead the government-owned Saudi Agricultural and Livestock Investment Company (SALIC). “I am deeply honored to have served as ICD CEO & General Manager working with talented and dedicated staff to fulfill…

In Nigerian `Cash-and-Carry’ Politics, Ambition Is Constant

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LAGOS (Capital Markets in Africa) – At recent rallies of Nigeria’s ruling All Progressives Congress for next year’s general elections, the list of speakers is often dominated by former members of the opposition People’s Democratic Party who switched sides. Former ministers, two-term governors and other senior officials who served with the PDP during its 16-year rule take turns to denounce the “corruption and waste” of their erstwhile party while touting the virtues of President Muhammadu…

Africa Prefers Fair Trade to Marshall Plans – Nigerian VP Osinbajo

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DAVOS, Switzerland, January 25, 2018/ — Remarks by His Excellency, Prof. Yemi Osinbajo, SAN, GCON, The Vice President of The Federal Republic of Nigeria, at an Interactive Session Titled “Stabilizing The Mediterranean” at the World Economic Forum in Davos, Switzerland, on Wednesday, 24 January, 2018: Q: How realistic is Africa replacing China as the factory of the world, how realistic is that? How do you look at the Marshall plan for Africa, is it something…

Buffett Elevates Abel or Jain as Likely Successor With New Roles

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LAGOS (Capital Markets in Africa) – Warren Buffett finally confirmed what many investors have already guessed about who will succeed him as chief executive officer of Berkshire Hathaway Inc., the sprawling conglomerate he’s built over the past five decades. In naming two senior executives — Ajit Jain and Greg Abel — to the company’s board and giving them each responsibility for large swaths of Berkshire’s businesses, he positioned one of the two men to probably be his replacement. “It’s part…

Billionaire Wiese’s Hold on Steinhoff Weakens Amid Scandal

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JOHANNESBURG (Capital Markets in Africa) – Christo Wiese’s grip on his global furniture retailing empire is slipping after the South African billionaire resigned from the board of troubled Steinhoff International Holdings NV and creditors forced a sale of part of his stake. Wiese stepped down from his role as chairman to resolve questions over any conflict of interest as the owner of Mattress Firm in the U.S. and Conforama in France fights for survival amid a deepening accounting…

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