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Liberians Elect New President As Johnson Sirleaf Steps Down

MONROVIA (Capital Markets in Africa) – Liberians vote Tuesday to choose a new legislature as well as a president to replace Nobel Peace Prize laureate Ellen Johnson Sirleaf from among 20 candidates who include a retired soccer star, a former warlord and a wealthy chicken farmer. Johnson Sirleaf, Africa’s first elected female president who’s governed the impoverished nation for 12 years, has thrown her support behind Vice President Joseph Boakai, 72. He’s the leader of the ruling Unity…

Mugabe Dents Deputy’s Leadership Bid in Zimbabwe Cabinet Change

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HARARE (Capital Markets in Africa) – Zimbabwean President Robert Mugabe replaced his finance minister in a cabinet reshuffle that weakened his vice president, who’s considered one of the main contenders to succeed him as leader of the southern African nation. Mugabe, 93, removed Patrick Chinamasa as finance minister, giving him a new cyber-security portfolio and stripped Vice President Emmerson Mnangagwa of his position as justice minister. Chinamasa was replaced by former Home Affairs Minister Ignatius Chombo, while the justice portfolio was given…

KPMG Revamps S. African Top Management as Clients Dump Firm

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JOHANNESBURG (Capital Markets in Africa) – KPMG LLP’s South African unit appointed nine new executives in an attempt to restore trust in the auditing firm as clients continued to distance themselves over its involvement with the politically connected Gupta family. Andrew Cranston, a partner and former chief operating officer of parent KPMG International, will be the local firm’s interim COO, while 36-year company veteran Brian Stephens will take the new position of head of risk,…

ANC Must Decide on Zuma’s Future, South Africa’s Mkhize Says

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s ruling African National Congress must decide whether Jacob Zuma should see out the remaining two years of his term as the nation’s president, said party Treasurer-General Zweli Mkhize, a top contender to succeed Zuma as ANC leader in December. “The ANC will have to take the decision on what happens to the president,” Mkhize said in an interview with Bloomberg TV in Johannesburg on Tuesday. “There’s been discussions in the…

Kenya to Deploy Police for Opposition Protests as Business Slows

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NAIROBI (Capital Markets in Africa) – Kenya will deploy security forces to monitor protests planned by the main opposition alliance, the government’s spokesman said, as he criticized the demonstrations for slowing down business. The opposition National Super Alliance plans to hold demonstrations in the capital, Nairobi, and other cities on Friday. The coalition began a campaign of twice-weekly protests on Monday to press its demands for an overhaul of the electoral commission before a rerun…

Graft, Faction Fights Undermine South Africa, Minister Says

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s future is being undermined by rampant corruption and faction fights in the ruling African National Congress ahead of its conference to choose a new leader to succeed President Jacob Zuma, Human Settlements Minister Lindiwe Sisulu said. Sisulu, who’s vying to succeed Zuma as the ANC leader at the party’s national conference in December, made her comments Wednesday in a wide-ranging discussion at a town hall meeting in Johannesburg hosted…

Togo Opposition Rebuffs Mediators, Continues Nationwide Protest

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LOME (Capital Markets in Africa) – Togo’s opposition rejected a joint statement from three regional diplomatic blocs urging the government to set a date for a referendum about constitutional change, as nationwide protests continued for a second day. The African Union, the Economic Community of West African States, known as Ecowas, and the United Nations Office for West Africa called on the Togolese government to fix a date for a nationwide poll on a proposal…

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