Politics | - Part 14

Kenyan Senate Passes Controversial Electoral Law Amendments

NAIROBI (Capital Markets in Africa) – The Kenyan Senate passed contentious amendments to nation’s election laws that the opposition says could aid the ruling party rig a ballot to be held in August. The amendments to the electoral law provide for a manual mechanism for voter registration and results transmission as a fall-back plan should electronic methods fail. The Coalition for Reforms and Democracy, Kenya’s main political opposition group, says the changes may open the electoral…

President Buhari Faces Spreading Opposition as Nigerian Economy Slumps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Yusuf Rabiu went door-to-door urging people in the northern Nigerian city of Kano to vote for President Muhammadu Buhari in last year’s elections. Now he’s regretting his decision. “We expected him to solve our economic problems,” Rabiu, a 36-year-old hat seller, said at the city’s Kurmi market as a group of friends nodded in agreement. “I didn’t know voting for him would mean more hunger, more suffering.” After ending the 16-year reign…

Gambia’s Jammeh Rebukes Regional Leaders for Opposition Support

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BANJUL (Capital Markets in Africa) – Gambian President Yahya Jammeh said he will refuse a request from regional leaders to step down after losing this month’s election to opposition leader Adama Barrow, describing the intervention from neighboring heads of states as unacceptable interference. Leaders of the Economic Community of West African States pledged last weekend to take all the necessary measures to ensure that Barrow’s victory will stand and undertook to attend his inauguration in January when the incumbent’s term…

Ouattara Alliance Wins Ivory Coast Vote as Independents Gain

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ABIDJAN (Capital Markets in Africa) – Ivory Coast President Alassane Ouattara’s ruling coalition won an almost two-thirds majority in parliament, while the victory of a record 75 independent candidates showed growing discontent with the government and the opposition. Ouattara’s Rally of Houphouetists for Democracy and Peace won 167 of the 255 seats contested in Sunday’s election, Youssouf Bakayoko, head of the electoral commission, told reporters in the commercial capital, Abidjan. It was the second parliamentary vote…

Ghanaian President-Elect Akufo-Addo Walks in Father’s Steps in Rise

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ACCRA (Capital Markets in Africa) – Ghanaian president-elect Nana Akufo-Addo’s family is such an institution in the West African nation that his father’s portrait is printed on its currency. So is his uncle’s. A lawyer and former foreign minister, Akufo-Addo has always been a public figure. He won last week’s election against incumbent President John Mahama after vowing to create jobs, encourage mining of untapped bauxite deposits and boost agriculture in the impoverished north by building…

In Turbulent Region, Stable Ghana Heads for Tight Election

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Since the end of military rule more than two decades ago, to many Ghanaians presidential elections have become routine: a close race between the two main parties and disputes settled in court. While two of its West African neighbors have teetered on the brink of civil war and a third, Togo, has been ruled by the same family for 49 years, Ghanaians have come to take their nation’s political…

Zimbabwe’s President Mugabe decrees regulations paving way for bond notes

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of “bond notes” that have raised fears of a return to a domestic currency abandoned in 2009 as hyperinflation crippled the economy. The bond notes are meant to ease biting cash shortages that have gripped the southern African nation since March but have helped fuel anti-government protests in recent months. Mugabe late…

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