Politics | - Part 2

Mauritian Whistle-Blower Drops Claims Against Attorney General

PORT LOUIS (Capital Markets in Africa) – A Mauritian whistle-blower withdrew allegations of money laundering that forced Attorney General Ravi Yerrigadoo to step down this month. Husein Abdool Rahim, who made the allegations earlier in September, said he’d been pressured by Port Louis-based newspaper l’Express and former Financial Services Minister Roshi Badhain into making claims that Yerrigadoo helped set up a financial structure to enable the transfer of gambling winnings to bank accounts in Dubai…

Kenya Opposition Plans Mass Protests to Force Out Vote Officials

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s main opposition alliance will begin mass protests this week to force out electoral officials it suspects of rigging last month’s annulled presidential vote. The National Super Alliance will begin its campaign on Tuesday and will continue until the Independent Electoral & Boundaries Commission officeholders resign, said Norman Magaya, chief executive officer of the opposition coalition. It may escalate the protests if lawmakers from the ruling Jubilee Party continue…

Regional Power Split Threatens Vote on Zuma’s Succession

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The top leadership of South Africa’s ruling African National Congress starts meeting on Friday in a bid to heal a bitter split in the key region of KwaZulu-Natal that could derail its plans to elect a successor to President Jacob Zuma as party leader in December. The meeting comes after the High Court annulled the election of Zuma allies as the province’s party leadership because the conference that chose them wasn’t lawfully…

Uganda Fires Teargas as Protests Build Against `Life Presidency’

Posted on by The Editorial Team

KAMPALA (Capital Markets in Africa) – Ugandan police fired teargas and arrested students protesting at the capital’s main university, local media reported, as the ruling party prepares to propose a constitutional amendment that would allow President Yoweri Museveni to seek to extend his three-decade rule. The police and army fought running battles with students at Kampala’s Makerere University on Thursday, the Observer newspaper said on its website. It also reported that police arrested the capital’s lord…

Tanzanian Leader’s War for Taxes Puts Economy in Firing Line

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has been on a drive to increase revenue from natural resources to help fund his industrialization plans. His administration has passed laws enabling it to renegotiate contracts and ordered foreign mining firms to…

Zuma’s Fight to Avoid Trial Goes to South Africa’s Appeals Court

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s Supreme Court of Appeal will consider a case Thursday that may determine whether President Jacob Zuma should stand trial on graft charges that were dropped by the prosecutors eight years ago. Prosecutors probed allegations that Zuma took 4.07 million rand ($310,000) in bribes from arms dealers and brought 783 charges of fraud, corruption and racketeering against him. They scrapped the case a month before he became president in May…

Mauritius Attorney General Quits Over Money-Laundering

Posted on by The Editorial Team

PORT LOUIS (Capital Markets in Africa) – Mauritian Attorney General Ravi Yerrigadoo stepped down to allow an investigation into allegations of money laundering, Prime Minister Pravind Jugnauth said. Yerrigadoo quit at Jugnauth’s request to “ensure the investigation is conducted in a transparent manner,” the premier told reporters Wednesday in the capital, Port Louis. Le Defi, a Port Louis-based newspaper, reported that an affidavit was submitted to Mauritius’s Supreme Court on Tuesday alleging that Yerrigadoo helped set…

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