Politics | - Part 11

Morocco Rejoining African Union Seen Shaping Leadership Vote

RABAT (Capital Markets in Africa) – African heads of state gather in the Ethiopian capital on Monday for a two-day African Union summit in which Morocco’s bid for readmission to the continental bloc will shape the election of a new chairperson. Morocco formally submitted its bid to re-join the body last year, when King Mohammed VI set out his government’s objectives of placing the country “at the center” of Africa’s development. The North African nation withdrew from the African…

Revival Beckons for Sudan as U.S. Lifts Economic Sanctions

Posted on by The Editorial Team

KHARTOUM (Capital Markets in Africa) – The U.S. removal of sanctions on Sudan may unlock the potential for the government to tap its rich mineral and agriculture resources. Now the African state needs to carry out the large-scale reforms required to attract investors. Former President Barack Obama’s January 13 executive order reversed some measures put in place by the U.S. in 1997, four years after it first listed Sudan as a state sponsor of terrorism. It lifted restrictions…

Trump, Key Arab Allies Agree to Boost Anti-Terror Efforts

Posted on by The Editorial Team

WASHINGTON (Capital Markets in Africa) – U.S. President Donald Trump, facing growing criticism over his move to block immigration from seven predominantly Muslim countries, held talks with two prominent Arab leaders on Sunday to bolster ties and discuss anti-terrorism efforts in the Middle East. Trump spoke by phone with Saudi Arabia’s King Salman and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed. The call with the Saudi monarch lasted more than an hour, according to a senior…

Barrow Returns to Gambia as President Amid High Expectations

Posted on by The Editorial Team

BANJUL (Capital Markets in Africa) – Gambian President Adama Barrow returned from neighboring Senegal to take office after his predecessor went into exile under a threat by West African leaders to remove him by force. Barrow touched down at 5 p.m. at the airport in the capital, Banjul, on Thursday as thousands gathered for his arrival a week after his inauguration at the Gambian embassy in Senegal. This is “a proud day day for Gambians and a…

Mauritian Premier Succeeded by Son as Opposition Plans Protest

Posted on by The Editorial Team

Port Louis (Capital Markets in Africa) – Pravind Jugnauth took over as Mauritius’s new prime minister, a day after his father resigned and bequeathed the premiership to his son, as the opposition announced plans to demonstrate against the transfer of power. Jugnauth, 55, was sworn in Monday at a ceremony in the capital, Port Louis, and said he would retain his portfolio in the Finance Ministry. Opposition parties will gather in the city on Friday to…

Gambia’s Ex-leader Made Off With Millions, Luxury Cars

Posted on by The Editorial Team

Banjul (Capital Markets in Africa) — Exiled Gambian ruler Yahya Jammeh stole millions of dollars in his final weeks in power, plundering the state coffers and shipping out luxury vehicles by cargo plane, a special adviser to the new president said Sunday. Meanwhile, a regional military force rolled in, greeted by cheers, to secure this tiny West African nation so that democratically elected President Adama Barrow could return home. He remained in neighboring Senegal, where he took…

South Africa ANC Leaders Break Ranks on Succession, M&G Says

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) — Provincial office bearers in South Africa’s ruling party are in disagreement over who should take over as leaders of the African National Congress, the Mail & Guardian reported, citing party members. Free State province Deputy Chairman Thabo Manyoni says party Deputy President Cyril Ramaphosa should succeed Jacob Zuma, in line with party tradition, the Johannesburg-based newspaper reported, citing him. Free State Premier Ace Magashule says leaders are elected at…

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