Politic Risks |

Former Exxon Manager Leads Congo Opposition Presidency Bid

KINSHASA (Capital Markets in Africa) – The Democratic Republic of Congo’s main opposition leaders chose Martin Fayulu as their candidate for next month’s presidential election. The opposition had been expected to select from two better-known politicians: Felix Tshisekedi, head of the biggest opposition party, or Vital Kamerhe, who finished third in the last vote in 2011. Fayulu will face President Joseph Kabila’s anointed successor, Emmanuel Ramazani Shadary, in the Dec. 23 race to lead the world’s largest cobalt…

Mnangagwa Wins Zimbabwe’s Presidency After Deadly Protests

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Emmerson Mnangagwa won Zimbabwe’s presidential election, a victory overshadowed by deadly protests, opposition allegations of rigging and criticism by observers that the contest was flawed. The controversy surrounding the vote may undermine efforts to reunify the southern African nation and rebuild an economy battered by almost two decades of misrule under Robert Mugabe, who was forced to quit in November. The country also risks a repeat of unrest that claimed six…

Burning Villages, Ethnic Tensions Menace Mozambique Gas Boom

Posted on by The Editorial Team

MAPUTO (Capital Markets in Africa) – Women’s cries just after 1 a.m. confirmed Barnabe Samuel Mussa’s worst fears — an attack was underway. He and other men from his village of Mitumbate in Mozambique were camped in a dense forest armed with bows, arrows, and machetes, awaiting the arrival of a little-known group of Islamist fighters that’s terrorized residents in the gas-rich area 1,800 kilometers (1,118 miles) northeast of the capital, Maputo. An explosive cocktail…

ANC to Balance White Fear, Black Anger in South Africa Land Push

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling party has decided to push for the right to seize land without compensation for redistribution to black citizens because it feels that the time has come for the 24-year old democracy to tackle an issue that divides the nation once infamous for a legislated system of racial segregation, a leading politician said. An earlier attempt to take land without paying for it could have jeopardized investor confidence…