Features

LAGOS (Capital Markets in Africa) – Saudi-Ethiopian billionaire Mohammed Al Amoudi was released more than a year after his arrest in what authorities said was a crackdown on corruption, becoming the latest detainee to be freed under mysterious circumstances. Al Amoudi was let go after Ethiopian Prime Minister Abiy Ahmed raised his case during a visit to Saudi Arabia last year, the premier’s office said. A Saudi official said in December that Al Amoudi was charged with corruption and…

CAIRO (Capital Markets in Africa) – French President Emmanuel Macron said on Sunday that Egypt’s stability is threatened by President Abdel-Fattah El-Sisi’s crackdown against political opponents, and that he’ll seek a “balance” by denouncing abuses while not cutting off dialogue. On the first day of a three-day visit to Egypt, Macron said El-Sisi’s regime has become more repressive than under the government of Hosni Mubarak that was overthrown in 2011. “I believe in both stability and respect for sovereignty, but…

YAOUNDE (Capital Markets in Africa) – Cyprain fled his home when separatist fighters in Cameroon’s Northwest region threatened to kill him after he served government soldiers at his roadside bar. He’s one of a growing number of civilians trapped between the army and roaming gangs of English-speaking insurgents fighting to break away from the majority-Francophone nation. The conflict has decimated the local economy in the conflict zone, and according to the United Nations, left hundreds…

LAGOS (Capital Markets in Africa) – Nigeria’s main opposition candidate in next month’s elections, Atiku Abubakar, said President Muhammadu Buhari breached the constitution by suspending the nation’s top judge last week. “I want to note the universal condemnation of this unlawful act by all Nigerians, as well as the international community,” Abubakar, 72, said at a press conference Monday in Abuja, the capital. “How we react to this challenge in the following days will determine the fate of…