Features | - Part 161

Trump Denies Calling Haiti, African Nations `Shithole’ Places

LAGOS (Capital Markets in Africa) – President Donald Trump on Friday denied labeling Haiti, El Salvador and African nations “shithole countries” during an Oval Office meeting with senators on immigration, despite accounts of three people briefed on the conversation. “The language used by me at the DACA meeting was tough, but this was not the language used,,’ Trump said in a Twitter posting on Friday morning, using an acronym for the Deferred Action for Childhood Arrivals, a program protecting…

Calm Returns to Ivory Coast City After Military Dispute

Posted on by The Editorial Team

ADDIS ABABA (Capital Markets in Africa) – Calm returned to Ivory Coast’s second-biggest city of Bouake after a group of soldiers attacked a military special unit and ransacked its administrative headquarters late Tuesday. “This morning it’s calm,” Bouake mayor Nicolas Djibo said by phone Wednesday. “The population is going to work.” The soldiers fired shots as they approached the base of the elite unit, known as the CCDO, setting vehicles and property alight, the defense ministry said…

South Africa’s Zuma Retains Office as Ramaphosa Bides His Time

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Jacob Zuma retained his hold on South Africa’s presidency, defying speculation that he’d be forced to make way for his deputy, Cyril Ramaphosa, who won control of the ruling party last month. The option of toppling Zuma wasn’t raised at a meeting of the African National Congress’s National Executive Committee in the southern city of East London, according to three members of the panel who spoke on condition of anonymity. Earlier…

Zuma Is Said to Allow Gupta Probe in Bid to Keep Job

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma agreed to the appointment of a commission to probe allegations that his son’s business partners had exerted undue influence over state decisions, a move aimed at defusing calls for him to step down immediately, three ruling-party officials with knowledge of the matter said. The rand fell. Zuma, 75, announced the formation of the commission late Tuesday, two days after he agreed to the probe in a…

Zuma Is Said to Face Ouster Bid at South African ANC Meeting

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South African President Jacob Zuma will face a fresh bid to force him from office when the ruling African National Congress’s top leadership meets this week for the first time since he relinquished control of the party to his deputy Cyril Ramaphosa. A proposal to order Zuma to step down before his term ends in 2019 will be discussed at a Wednesday meeting of the party’s National Executive Committee in the southern…

Bitcoin Is Teaching Libertarians Everything They Don’t Know About Economics

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Bitcoin changes prices too quickly to be a currency and processes transactions too slowly to be a payments system, but it is juuust right for teaching libertarians everything they don’t know about economics. Not that they’re paying attention. If you listen to bitcoin’s biggest backers, it’s supposed to be our gleaming future, one where we can make money just by holding it, move it anywhere in the world for…

Angolan Leader Denies Targeting Predecessor’s Family in Shake-Up

Posted on by The Editorial Team

LUANDA (Capital Markets in Africa) – Angolan President Joao Lourenco denied he’s targeting the family of his predecessor, Jose Eduardo dos Santos, whose eldest daughter was among hundreds of officials fired after he took the helm of Africa’s second-biggest oil producer in September. “This isn’t about chasing people,” Lourenco told reporters Monday in the capital, Luanda. “It’s about fixing situations that proved to be harmful to the public interest.” Since replacing Dos Santos, Lourenco has removed his daughter,…

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