Features | - Part 156

African Gold Miner Endeavour Would Rather Be Agile Than Huge

LAGOS (Capital Markets in Africa) – Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better. “One of the reasons the majors have failed over the years is they’ve built such large corporate teams that the decision-making processes within those organizations is so slow,” Chief Executive Officer Sebastien De Montessus said in an interview in Cape Town. “Being able to remain quite lean gives you the agility to move and to take…

Zuma’s Protracted Exit Tests Ramaphosa’s Power in South Africa

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Less than two months after taking over the leadership of South Africa’s ruling party, Cyril Ramaphosa is facing a key test of his authority: President Jacob Zuma just won’t go away. Zuma initially defied a decision by top leaders of the African National Congress that he should quit, but his exit seemed imminent when parliament on Tuesday postponed the annual state-of-the-nation address just two days before he was due to deliver it. On…

Kenya Deports Opposition Politician as Others’ Travel Barred

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenyan authorities forced a key opposition backer to leave the country after his arrest triggered protests, as the state ordered other government opponents to surrender their passports. Miguna Miguna, an advocate and self-declared “general” of the opposition National Resistance Movement, left Kenya Tuesday, his lawyer Nelson Havi said by phone from Nairobi, the capital, on Wednesday. Miguna said by text message from Amsterdam he plans to challenge the deportation….

Zuma Exit Appears Step Closer as ANC Holds Transition Talks

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma appeared a step closer to resigning as he held crunch negotiations on the terms of his exit with the new leader of the ruling African National Congress, Cyril Ramaphosa. The talks prompted the ANC’s National Executive Committee, its top decision-making body, to postpone a special meeting called for Wednesday to decide whether to force Zuma from office. Ramaphosa said the talks about the transition of power would…

Zimbabwe Opposition Leader’s Cancer Is Said to Worsen

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – The health of Zimbabwe’s main opposition leader, Morgan Tsvangirai, has worsened with his cancer having appeared to have spread and his immediate family have been called to a hospital in South Africa, a senior party official said. Tsvangirai, 65, a former labor union leader, opposed former Zimbabwean President Robert Mugabe in every election since 2000 and won a first round presidential vote in 2008 before backing out of the second round, citing…

Tanzanian Police Arrest Opposition Leader as Detentions Mount

Posted on by The Editorial Team

DAR ES SALAAM (Capital Markets in Africa) – Tanzanian police arrested opposition leader Zitto Kabwe, the latest among dozens of politicians detained in the East African nation this year. The authorities detained Kabwe when he arrived at the airport in the largest city, Dar es Salaam, on Wednesday, then transferred him the capital, Dodoma, according to a statement on his Twitter account. Kabwe’s Alliance for Change & Transparency is making inquiries about why he was arrested,…

Kenya Charges Opposition Figure Amid Protests Over Arrests

Posted on by The Editorial Team

NAIROBI (Capital Markets in Nigeria) – Kenyan authorities charged an opposition figure over his attendance at a mock inauguration ceremony, as protests erupted over the arrest of anti-government leaders. Police charged Miguna Miguna with being present at the administering of an oath of office to National Super Alliance leader Raila Odinga on January 30 “purporting to bind” Odinga to a treasonous offense, according to a charge sheet published on the Twitter account of Ukweli Party leader Boniface…

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