Political Risks |

Mugabe Party Said to Fear Zimbabwe Vote Loss After His Exit

HARARE (Capital Markets in Africa) – Zimbabwe’s ruling party is growing increasingly nervous that it could lose power in its first election without Robert Mugabe at its helm against an opposition emboldened by the end of the 37-year rule of the liberation struggle leader. Three members of the Zimbabwe African National Union-Patriotic Front’s politburo, its most senior decision-making body, said the party is concerned that large rallies in rural areas show the opposition Movement for Democratic Change…

Kenya Leader Consolidates Power as Political Alliances Shift

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NAIROBI (Capital Markets in Africa) – Kenyan President Uhuru Kenyatta is redefining the nation’s tenuous political alliances in a move that’s likely to help him consolidate power during his final term and leave his deputy William Ruto out in the cold. Kenyatta has patched up a long-standing dispute with the main opposition leader, Raila Odinga, easing months of political tension in the East African nation over last year’s disputed election. The rapprochement has cast doubt over whether Kenyatta will honor…

Billionaire Bollore Is Charged in French Bribery Investigation

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JOHANNESBURG (Capital Markets in Africa) – Billionaire Vincent Bollore and two other men were charged by French investigators late Wednesday as part of a probe into the possible use of bribes in two African countries to obtain port contracts from public officials. The case stems from a case focusing on suspicions of foul play when Bollore SA was awarded contracts to operate container terminals in Lome, Togo, and Conakry, Guinea, according to a statement from his company….

Zimbabwe Massacre `Unresolved National Question,’ Biti Says

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HARARE (Capital Markets in Africa) – Zimbabwe needs to establish a system of national reconciliation to heal the wounds left by the 1980s massacre that killed 20,000 people and other violent incidents since independence if it’s to unify the southern African nation, prominent opposition leader Tendai Biti said. No one has been held to account for the massacre of members of the Ndebele minority by a North Korean-trained Zimbabwean military unit in a program known in the…

Nigerian President Buhari Will Seek Second Term in 2019

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LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari has decided to run for re-election in February, ending months of speculation about whether the former military ruler would seek a second term. The announcement of the decision by Buhari, 75, on Monday came at a time of growing criticism of his performance and uncertainty in his ruling All Progressives Congress about his plans. He was in the U.K. for a total of five months last year…

Credibility of Zimbabwe’s First Post-Mugabe Vote Is at Stake

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HARARE (Capital Markets in Africa) – As Zimbabwe prepares to hold its first election since Robert Mugabe was toppled after almost four decades in power, a key question is whether the government can accomplish something he failed to do: oversee a free vote. Whether the election due before Sept. 1 is regarded as fair may determine the success of efforts by President Emmerson Mnangagwa, who replaced Mugabe as president in November, to attract investment to revive an economy…

Ethiopian Ruling Party Picks Leader From Protest-Hit Region

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ADDIS ABABA (Capital Markets in Africa) – Ethiopia’s ruling coalition appointed a top official from the protest-hit Oromia region as leader, as the government tries to quell unrest that’s posed the biggest challenge to its rule in a quarter-century. The Ethiopian People’s Revolutionary Democratic Front chose Abiy Ahmed, 42, a retired lieutenant general and recently appointed chairman of the Oromo People’s Democratic Organization, to succeed Hailemariam Desalegn. Abiy is now expected to be voted in by…

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