Features

NAIROBI (Capital Markets in Africa) – Former Kenyan Prime Minister Raila Odinga, who narrowly lost last week’s presidential elections, rejected the official results, setting the stage for a protracted battle over control of East Africa’s biggest economy. Odinga, 77, secured 48.9% of the valid votes cast on Aug. 9 — his fifth unsuccessful run at the presidency. Deputy President William Ruto was declared the winner with 50.5% support.  “We reject the presidential results,” Odinga told a televised…

DAKAR (Capital Markets in Africa) – On the back of its recent and substantial oil and gas discoveries, Senegal is now preparing to ensure that its vast natural gas resources will help meet future electricity demand and put an end to the excessive electricity prices undermining its economy.  Senegal’s domestic gas reserves will be mainly used to produce electricity. Authorities expect that domestic gas infrastructure projects will come online between 2025 and 2026, provided there is…

LAGOS (Capital Markets in Africa)  — The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) is inviting nominations for the IsDB Prize for Impactful Achievement in Islamic Economics for the year 1444H (2023). Focusing on the Development Solutions Achievement category, this cycle of the Prize aims to recognize, reward, and encourage creative projects that successfully solve economic and financial challenges in the IsDB Member Countries. Individuals and institutions can apply or nominate other individuals and institutions based on…