Politics | - Part 8

Nigeria’s Buhari Recovering in U.K., Will Return Soon, Wife Says

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari is recovering fast from an undisclosed ailment while on medical leave in the U.K. and preparing to return to the West African nation, according to his wife. Buhari, who has been abroad for almost a month, will be back “soon” in Nigeria, the office of Aisha Buhari said in an emailed statement Tuesday, without giving further details. Vice President Yemi Osinbajo serves as acting leader…

Kenya Electoral Body Fires Procurement Officer as Vote Nears

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya’s electoral body fired its head of procurement as it seeks to source ballot papers less than two months before the country’s presidential elections. The Independent Electoral & Boundaries Commission “has relieved the procurement director, Mr. Lawy Aura, of his duties,” the Nairobi-based body said on its Twitter account on Tuesday. “We are addressing the delayed sourcing of ballot papers.” The dismissal comes a week after the body placed…

`Gupta Leaks’ Emails Set to Show Family’s South Africa Influence

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Two South African news organizations plan to publish a series of stories about the influence of the Gupta family in the country after they obtained thousands of emails they say exposes dealings that allegedly include influence over government and state company decisions. Scorpio, the investigative unit of the Daily Maverick, and the amaBhungane Centre for Investigative Journalism have access to as many as 200,000 emails and other documents about the work…

Mutinies `Humiliated’ Ivory Coast, Parliament Speaker Says

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ABIDJAN (Capital Markets in Africa) – A series of mutinies by soldiers in Ivory Coast demanding payments for supporting President Alassane Ouattara humiliated the West African nation, according to National Assembly Speaker Guillaume Soro, who once commanded the troops as a former rebel leader. “I can only note that we are despised,” Soro, 45, said in an interview Sunday at his residence in Abidjan, the commercial capital. “It’s a humiliation for us — the state, the president, myself…

Majority of South Africa’s ANC Want Zuma to Resign, Poll Shows

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JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma’s public approval rating has reached an all-time low and most members of his ruling African National Congress want him to resign, according to an opinion poll released two days after he survived a second bid to oust him. Almost two-thirds of eligible South African voters want Zuma to quit, the survey released Tuesday by research company Ipsos found. About 54 percent of ANC supporters say the president should…

HSBC Sees Buying Opportunity in South Africa Amid Zuma Turmoil

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JOHANNESBURG (Capital Markets in Africa) – While some stock investors may choose to flee South Africa as political turmoil engulfs President Jacob Zuma, HSBC analysts argue the noise around the embattled leader and his ruling party makes it a good time to buy. That’s because a pick-up in the South African economy and a favourable commodity price cycle as China, the biggest consumer of metals, avoids a hard landing are positive for the local market. In…

EU Sanctions Nine Congolese Including Two Government Figures

Posted on by The Editorial Team

CONGO (Capital Markets in Africa) – The European Union imposed sanctions on nine Democratic Republic of Congo citizens, including the interior and communications ministers, accusing them of undermining democracy and responsibility for human-rights abuses. The travel bans and asset freezes represent a significant escalation in EU action against President Joseph Kabila’s government since it failed to hold elections in November. While the EU sanctioned seven security officials in December, Monday’s move is the first time the EU has…

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