Political Risks |

South Africa Business Fears Political Limbo If ANC Vote Stalls

JOHANNESBURG (Capital Markets in Africa) – South Africa’s main business group fears the country will be stuck in political limbo if infighting causes the ruling party’s elective conference in December not to go ahead. The race to succeed President Jacob Zuma as leader of the African National Congress is widely seen as a head-to-head contest between his deputy, Cyril Ramaphosa, and Nkosazana Dlamini-Zuma, the leader’s ex-wife and former chairwoman of the African Union Commission. The battle has grown fractious…

Kenyatta Named Winner of Kenyan Vote Rerun as Odinga Cries Foul

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan President Uhuru Kenyatta was announced as the landslide winner of a chaotic election rerun that his main rival Raila Odinga rejected as a sham. Kenyatta, 56, won 7.48 million votes, or 98.3 percent of the total cast on Oct. 26, Wafula Chebukati, the chairman of the Independent Electoral & Boundaries Commission, said Monday in Nairobi, the capital. The turnout was 38.8 percent, down from 79 percent in an Aug. 8 contest that…

Ramaphosa Damns South African Graft Amid Rumors He’ll Be Fired

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JOHANNESBURG (Capital Markets in Africa) – South African Deputy President Cyril Ramaphosa said mounting allegations that the state has been “captured” by private business interests is damaging the nation’s international reputation, as rumors swirled that he’s about to be fired amid a battle for control of the ruling party. “Our state, comrades, is now being talked about in the most negative terms all over the world,” Ramaphosa said Friday in a speech to members of the National…

Liberia Vice President, Ex-Football Star Head to Runoff Vote

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MONROVIA (Capital Markets in Africa) – Liberia’s soccer star turned politician George Weah and Vice President Joseph Boakai will face each other in a runoff vote for the presidency next month after neither candidate secured a majority needed for an outright win. Weah had 38.4 percent of the votes in the Oct. 10 election, while Boakai got 28.8 percent with all ballots counted, Jerome Korkoya, chairman of the National Elections Commission, told reporters on Thursday in the capital, Monrovia….

Kenya president snubs vote crisis meeting, presses ahead with campaign

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NAIROBI (Capital Markets in Africa) – Kenyan President Uhuru Kenyatta snubbed a crisis meeting called by the top election official for Thursday, saying he would instead spend the day campaigning for next week’s presidential vote re-run. The first presidential vote in August, which Kenyatta won by 1.4 million votes, was annulled by the Supreme Court over procedural irregularities. The re-run is set for Oct. 26 but opposition leader Raila Odinga has pulled out, alleging a…

Kenya Electoral Official Quits Saying Vote Won’t Be Credible

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – A top Kenyan electoral official resigned and fled the East African nation a week before a scheduled rerun of an annulled presidential vote, saying it won’t be credible. Independent Electoral & Boundaries Commission staff face intimidation by political actors and protesters, senior personnel are serving partisan interests and the training of presiding officers is being rushed, Commissioner Roselyn Akombe said in an emailed statement on Wednesday. Akombe said by phone she’s…

Kenyan Electoral Authority in Disarray a Week Before Vote Rerun

Posted on by The Editorial Team

KENYA (Capital Markets in Africa) – Preparations for Kenya’s presidential election rerun next week are in disarray after a top official of the commission organizing the vote resigned and fled the East African nation and its chairman said his efforts to ensure a credible ballot are being thwarted. Roselyn Akombe quit the Independent Electoral & Boundaries Commission, citing issues including the intimidation of staff by “political actors” and protesters, and she accused unidentified senior personnel…

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