Political Risks |

Ramaphosa Treads Carefully in Sidelining Zuma in South Africa

JOHANNESBURG (Capital Markets in Africa) – Less than a month after Cyril Ramaphosa assumed the leadership of South Africa’s ruling party, he’s taking a diplomatic tack as he moves to stamp his authority over Jacob Zuma’s scandal-ridden government. Ramaphosa, speaking in a television interview broadcast Sunday by Johannesburg-based eNCA, said the African National Congress has to be careful about deciding on Zuma’s future as the nation’s leader before he’s due to step down in 2019 when general elections…

Tanzanian Probe Finds Airtel Unit Was Privatized Illegally

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – A Tanzanian probe found that the local unit of Indian mobile-phone company Bharti Airtel Ltd. was originally transferred from the state illegally and the government will start talks to retake what it says is its rightful share of the business. The investigation discovered that the initial privatization of Tanzania Telecommunications Corp. “broke the law, regulations and procedure,” according to a statement from President John Magufuli’s office that quoted Finance Minister Philip…

Zimbabwe Opposition Mulls Future Without Founder Tsvangirai

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HARARE (Capital Markets in Africa) – Zimbabwe’s main opposition party, the Movement for Democratic Change, is in a quandary over whether its long-serving leader and founder Morgan Tsvangirai, who’s undergoing treatment for colon cancer, should retire before this year’s elections. While Tsvangirai, 65, has appeared increasingly frail, he remains the party’s most-popular official and his absence from the ballot could undermine its campaign. The MDC will be up against the ruling Zimbabwe African National Union-Patriotic Front, which…

Zuma Is Said to Face Ouster Bid at South African ANC Meeting

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JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma will face a fresh bid to force him from office when the ruling African National Congress’s top leadership meets this week for the first time since he relinquished control of the party to his deputy Cyril Ramaphosa. A proposal to order Zuma to step down before his term ends in 2019 will be discussed at a Wednesday meeting of the party’s National Executive Committee in the southern…

Angolan Leader Denies Targeting Predecessor’s Family in Shake-Up

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LUANDA (Capital Markets in Africa) – Angolan President Joao Lourenco denied he’s targeting the family of his predecessor, Jose Eduardo dos Santos, whose eldest daughter was among hundreds of officials fired after he took the helm of Africa’s second-biggest oil producer in September. “This isn’t about chasing people,” Lourenco told reporters Monday in the capital, Luanda. “It’s about fixing situations that proved to be harmful to the public interest.” Since replacing Dos Santos, Lourenco has removed his daughter,…

Egypt Presidential Vote in March as Top El-Sisi Rival Out

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CAIRO (Capital Markets in Africa) – Egypt’s top election body said Monday that the next presidential election will be held in March, and gave prospective candidates about three weeks to declare. So far the race has only one potential contender: incumbent Abdel-Fattah El-Sisi. His most serious possible challenger to date, former premier and air force general Ahmed Shafiq, backed out of contention late Sunday after a mysterious string of events. That left the field wide open…

Zimbabwean Opposition Leader Tsvangirai Suggests He May Retire

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HARARE (Capital Markets in Africa) – The leader of Zimbabwe’s main opposition party hinted Monday at his possible retirement, less than two months after the end of his long-time foe President Robert Mugabe’s almost four-decade rule. “We must recognize the imperative that new hands, with the full blessing of the people, must take this struggle and this country forward,” Morgan Tsvangirai of the Movement for Democratic Change said in a statement emailed from the capital, Harare. Mugabe, 93,…

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