Features

NAIROBI (Capital Markets in Africa) – A proposed joint venture between Kenya Airways Plc and the East African nation’s airports manager to run the capital’s main airport will improve the facility and provide more income for the airline, its chairman said. The carrier partially owned by Air France-KLM is in talks with the Kenya Airports Authority to jointly oversee Nairobi’s Jomo Kenyatta International Airport. KQ, as the airline is also known, currently pays landing fees…

NAIROBI (Capital Markets in Africa) – Kenyan authorities arrested Deputy Chief Justice Philomena Mwilu Tuesday for alleged abuse of office and for accepting money “in circumstances which undermined public confidence in the integrity of her office.” The top judge got a loan from Imperial Bank Ltd., which is in receivership, under false pretences, Director of Public Prosecutions Noordin Haji told reporters in the capital, Nairobi. Mwilu, who was appointed to her post in October 2016,…

LAGOS (Capital Markets in Africa) – Nigerian President Muhammadu Buhari declined to sign an oil-industry reform bill passed by lawmakers and indicated his concerns in a letter to the legislature, a senior aide said. “The president has declined assent in a letter he sent to the National Assembly about a month ago,” Eta Enang, the presidential adviser on legislative affairs, told reporters Wednesday in Abuja, the capital. “It doesn’t mean that the bill is completely dead,” he…

HARARE (Capital Markets in Africa) – European and British diplomats proposed the creation of a U.K.-style parliamentary opposition structure in Zimbabwe to reduce political tensions after last month’s disputed presidential election. EU and U.K. emissaries met senior members of the ruling party and the opposition in the past 10 days to discuss the proposals, according to three people familiar with the talks who asked not to be identified because they aren’t authorized to speak to…

JOHANNESBURG (Capital Markets in Africa) – South Africa’s main labor group is pushing parliament to adopt proposed changes to laws regulating the continent’s biggest money manager, which oversees state workers’ pensions, to make it more accountable and give unions representation on its board. Parliament’s finance committee is processing the Public Investment Corp. Amendment Bill, but the Congress of South African Trade Unions fears the state’s decision to appoint a commission to investigate the fund manager’s governance and…

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