Political Risks |

Gabon Government Says It Quashed Coup by Army Mutineers

LIBREVILLE (Capital Markets in Africa) – Gabonese authorities said they put down an attempted coup by a group of mutineering soldiers who’d seized control of the national broadcaster and vowed to “save a democracy in danger.” Communication Minister Guy-Bertrand Mapangou told Radio France Internationale on Monday that order had been restored, and the capital, Libreville, was largely quiet. His statement came hours after Ondo Obiang Kelly, an army lieutenant, read a statement on state TV…

Gambia Truth Commission Begins Hearings Into Ex-Dictator’s Rule

Posted on by The Editorial Team

BANJUL (Capital Markets in Africa) – A commission that is investigating abuses under the 22-year rule of former Gambian President Yahya Jammeh began proceedings Monday as victims say they demand justice for atrocities committed against them. The repressive reign of Jammeh, who seized control of the West African nation in a 1994 coup, was characterized by human-rights violations such as torture, disappearances and forcing HIV sufferers to follow his own treatment methods. He was ousted two years…

JPMorgan Says Payments to Libya Oil-Fund Fixer Weren’t Bribes

Posted on by The Editorial Team

TRIPOLI (Capital Markets in Africa) – JPMorgan Chase & Co. acknowledged that Bear Stearns made millions of dollars of payments to a friend of the son of Libyan dictator Moammar Al Qaddafi around the time it raised $200 million for the country’s wealth fund. But the bank is refuting the Libyan Investment Authority’s central allegation in a London lawsuit that the funds were used to bribe and intimidate officials who awarded the 2007 bond deal. The payments were for help…

Congo Opposition Leader Backs Electoral-Commission Results Delay

Posted on by The Editorial Team

KINSHASA (Capital Markets in Africa) – Democratic Republic of Congo presidential candidate Felix Tshisekedi backed the electoral commission’s postponement of election results, cleaving the opposition’s response to the delay. The National Independent Electoral Commission, or CENI, put off the announcement of the outcome of the Dec. 30 presidential election indefinitely on Sunday — the day it was scheduled to announce a provisional winner. While two African observer missions endorsed the polls, rival opposition candidate Martin Fayulu criticized the delay…

Congo Presidential Candidate Says Election Set to Be Delayed

Posted on by The Editorial Team

KINSHASA (Capital Markets in Africa) – A presidential candidate in the Democratic Republic of Congo said the country’s electoral commission plans to postpone elections scheduled for Dec. 23. National Independent Electoral Commission President Corneille Nangaa met candidates or their representatives earlier on Thursday to inform them of the delay, Tryphon Kin-Kiey, an independent candidate, said by phone. Nangaa is due to address a media briefing in the capital, Kinshasa, this afternoon. The electoral commission said…

Key Congo Opposition Leaders Join Forces for Presidency Bid

Posted on by The Editorial Team

KINSHASA (Capital Markets in Africa) – Two of the Democratic Republic of Congo’s most popular opposition politicians joined forces to compete in next month’s presidential election. The joint ticket splits the opposition vote and raises the likelihood that President Joseph Kabila’s chosen successor, Emmanuel Ramazani Shadary, will win the Dec. 23 vote to lead the world’s largest cobalt producer. Felix Tshisekedi, the head of Congo’s biggest opposition party, will run for president backed by Vital Kamerhe, who came…

State Funds Seen at Risk in Congo Presidential Vote Campaign

Posted on by The Editorial Team

KINSHASA (Capital Markets in Africa) – Democratic Republic of Congo presidential-hopeful Emmanuel Ramazani Shadary’s appointments to his campaign-finance team raises the risk state funds will be used to finance his election bid, two anti-graft groups said. Shadary, the ruling-coalition candidate chosen by President Joseph Kabila to succeed him, is seeking to become the leader of the world’s biggest cobalt producer in a vote scheduled for Dec. 23. The 57-year-old former interior minister has been sanctioned by the European…

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