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As Chaos and Despair Grow in Libya, Qaddafi Son Plans Comeback

TRIPOLI (Capital Markets in Africa) – The fugitive son and onetime heir apparent of Libya’s late Muammar Qaddafi is planning a comeback. Seif al-Islam “decided to run in presidential elections and I see a big chance for him because all the big tribes are supporting him,” said Abdel Majeed al-Mansouri, who headed Libya’s economic development board before 2011 and was close to him. “People are frustrated. Even those who were against the old regime will side…

South Sudan Rebel Attacks Kill 34 People Since Beginning of Year

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South Sudan (Capital Markets in Africa) – Attacks by rebel groups in South Sudan killed 34 people in the first three days of this year even as warring parties agreed in December to cease hostilities, according to a military official. Three attacks in the south of the country by rebels loyal to former Vice President Riek Machar and the army’s ex-deputy chief of staff, Thomas Cirillo Swaka, left six assailants dead Wednesday while an ambush on traveling…

Politics Trumps Oil Recovery: A Guide to Mideast Markets in 2018

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LAGOS (Capital Markets in Africa) – For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalated, ties between Qatar and its neighbours were severed, rebels in Yemen fired rockets over Riyadh and Saudi Arabia started a crackdown on corruption that led to the arrest of high-profile…

Ramaphosa’s Narrow ANC Vote Win Cuts Odds of Quick Zuma Ouster

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JOHANNESBURG (Capital Markets in Africa) – Cyril Ramaphosa’s victory in a gruelling battle to lead South Africa’s ruling party may have been the easy part. His narrow win and his allies’ failure to secure three other top posts is likely to delay his ascendancy to the nation’s presidency and plans to revive a stuttering economy. While Ramaphosa won 52 percent of the vote for the top post of the African National Congress, edging out Nkosazana Dlamini-Zuma,…

Investor Demand and Business Activity to Increase as Political Stability Returns to Kenya

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NAIROBI, Kenya, December 17, 2017/ — Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organizations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses operating in the region in the year ahead, says specialist global risk consultancy Control Risks (www.ControlRisks.com) in its annual…

Court Action Buoys Ramaphosa’s Bid to Lead South Africa’s ANC

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JOHANNESBURG (Capital Markets in Africa) – The fractious race to succeed South African President Jacob Zuma as leader of the African National Congress faced further disarray by court rulings likely to disqualify more than 100 delegates who were scheduled to vote at a party conference this weekend. The decisions on the members in North West, KwaZulu-Natal and Free State provinces, which mainly support Nkosazana Dlamini-Zuma, the president’s ex-wife and preferred candidate, buoyed her main rival, Deputy President Cyril Ramaphosa….

Zimbabwe Government Meets Evicted White Farmers Who Left Country

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HARARE (Capital Markets in Africa) – Zimbabwean Deputy Finance Minister Terence Mukupe has met with white farmers who moved elsewhere after being evicted during the country’s often-violent land seizures. Mukupe, who was appointed to the role in new President Emmerson Mnangagwa’s government, sees opportunities for the farmers to return and participate in the economy, he said in an interview this week. Zimbabwe should treat exiled white farmers like “any other Zimbabwean” and offer them opportunities to farm in…

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