Features | - Part 172

African Union Begins Pulling Forces Out of War-Torn Somalia

MOGADISHU (Capital Markets in Africa) – The African Union mission in Somalia said it has started gradually withdrawing its forces from the war-torn nation and will have 1,000 fewer troops there by the end of the year. Troop movements have begun in various parts of the Horn of Africa country and will continue in the coming weeks, the mission known as Amisom said Tuesday on its Twitter account. Security responsibilities will be gradually transferred to Somali national…

Togo Agrees to Talks With Opposition After Two-Month Protest

Posted on by The Editorial Team

LOME (Capital Markets in Africa) – Togo is preparing to hold talks with opposition parties in the West African nation after two months of protests that left several people dead, government spokesman Ihou Yao Atigbe said in a statement he read on state-owned Television TVT. The government also announced the release of 42 opposition supporters arrested during the protests in September and October. “The government therefore hopes that all this will lead the political parties…

Credit Suisse Among Banks Probed on Mozambique, WSJ Reports

Posted on by The Editorial Team

MAPUTO (Capital Markets in Africa) – U.S. authorities are investigating Credit Suisse Group AG, BNP Paribas SA and VTB Group for their roles in selling about $2 billion of bonds for Mozambique, the Wall Street Journal reported, citing unidentified people familiar with the matter. The Federal Bureau of Investigation is examining whether the banks facilitated corruption by enabling officials from the African nation to take money raised in the debt sales, the newspaper reported. The Justice Department…

Corbyn Says Queen’s Offshore Investments Should Be Probed

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – U.K. opposition Labour Party leader Jeremy Corbyn said an inquiry into offshore investments and tax evasion that he’s calling for should also cover Queen Elizabeth II’s holdings. The monarch found her financial arrangements splashed over British newspaper front pages Monday after leaked information, known as the Paradise Papers, from Bermuda law firm Appleby Group Services Ltd. showed she had made a series of investments in a Cayman Islands fund through the British Royal Family’s private…

Mugabe Fires Deputy After Wife Says She Can Lead Zimbabwe

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwean President Robert Mugabe dismissed Emmerson Mnangagwa as his deputy, a day after first lady Grace Mugabe accused him of planning a coup and said she’s prepared to succeed her husband as leader of the southern African nation. Mngangagwa, 75, was fired for “among other things, disloyalty,” Information Minister Simon Khaya Moyo told reporters Monday at Mugabe’s office in the capital, Harare. The announcement followed the president’s comments at a rally on Saturday in the southern African…

Congo Plans to Hold Presidential Elections in December 2018

Posted on by The Editorial Team

KINSHSA (Capital Markets in Africa) – The Democratic Republic of Congo will hold delayed presidential elections on December 23, 2018, the electoral commission said, a year later than opponents of President Joseph Kabila have demanded. National and provincial parliamentary polls will take place on the same date, Independent Electoral Commission Rapporteur Jean-Pierre Kalamba told reporters Sunday in the capital, Kinshasa. A series of other votes including senatorial, gubernatorial and mayoral ballots will be held from March 2019 to…

Kenyan Politician Files Petition to Overturn Vote Rerun Result

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) A Kenyan politician lodged a petition at the Supreme Court challenging the validity of last month’s repeat presidential elections, arguing the vote breached the law and wasn’t free and fair. The petition was filed by Harun Mwau, a former legislator, the Judiciary’s spokeswoman, Lilian Mueni, said by phone from the capital, Nairobi. The Independent Electoral & Boundaries Commission proceeded with the Oct. 26 vote rerun despite opposition candidate Raila Odinga’s withdrawal. The…

« 1 … 170 171 172 173 174 … 259 »