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☆ Factbox-The Big Topics That Will Define Congo's Election
  + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +5 min
But despite its wealth of copper, cobalt and other resources, little is passed down to ordinary Congolese. Tshisekedi has sought to rein in China's 70% share of Congo's mining sector by re-negotiating that and other contracts. Risk-averse companies that had previously avoided Congo's mining sector due to instability are taking a second look as new opportunities to tap into its minerals emerge. Nearly 7 million people are displaced in Congo as of June, the International Organization for Migration said, up 17% from October 2022. Opposition parties said registrations were skewed by the national election commission to favour Tshisekedi's ruling coalition.
Persons: Edward McAllister DAKAR, Felix Tshisekedi's, Tshisekedi, Joseph Kabila, Zaynab Hoosen, Tshisekedi's, China's CMOC, Maja Bovcon, Kabila, Gecamines, Bovcon, Martin Fayulu, Moise Katumbi, Denis Mukwege, Edward McAllister, Ange Kasongo, Sonia Rolley, Bate Felix, Christina Fincher Organizations: Democratic, International Monetary Fund, Notre, Congolese, United Nations, International Organization for Migration, Oxford Economics, Islamic State, Allied Democratic Forces, Cooperative for, Senior, Catholic Church Locations: Democratic Republic of Congo, Saharan Africa, Kinshasa, Oxford Economics Africa, Congo, China, North Kivu, DR Congo
☆ How the U.S. and South Africa ended up in a dispute over Russian gunrunning allegations
  + stars: | 2023-05-18 | by ( Elliot Smith | ) www.cnbc.com   time to read: +7 min
WASHINGTON, D.C - Sep. 16, 2022: U.S. President Joe Biden meets with South African President Cyril Ramaphosa (L) in the Oval Office of the White House. SAUL LOEB/AFP via Getty ImagesRelations between the U.S. and South Africa frayed last week, when U.S. South Africa's Department of International Relations and Cooperation (DIRCO), released a rather different interpretation of the conversation in its readout. RICHARDS BAY, South Africa - Feb. 22, 2023: Russian military frigate "Admiral Gorshkov" docked at the port in Richards Bay on February 22, 2023. South Africa drew criticism from the U.S. and Europe for holding 10 days of joint naval exercises with Russia and China.
☆ Explainer: Nigeria election: what to expect from president-elect Bola Tinubu
  + stars: | 2023-03-01 | by ( Macdonald Dzirutwe | ) www.reuters.com   time to read: +5 min
LAGOS, March 1 (Reuters) - Nigeria's president-elect Bola Tinubu has promised to tackle a litany of problems, including escalating violence, double-digit inflation and industrial-scale oil theft. Tinubu says he will build on Buhari's public infrastructure programme to create jobs and remove legal limits on government spending. Tinubu says he will set up a surveillance unit to protect the country's pipelines and attract new investors with tax incentives. Africa's top producer of crude oil depends on imported refined fuels, something Tinubu wants to end by increasing domestic refining through joint ventures with private investors. Tinubu wants to recruit more soldiers and police officers, while paying and equipping them better.
☆ Fed hikes and a stronger dollar are fueling risks of political instability in Africa
  + stars: | 2022-12-01 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
ACCRA, GHANA - NOVEMBER 05: Ghanaians march during the 'Ku Me Preko' demonstration on November 5, 2022, in Accra, Ghana. "Exposure to international interest rate changes is exacerbated by the large proportion of African public debt that is held in dollars." watch now"High public debt levels and elevated borrowing costs will constrain public spending, which will likely result in a deteriorating ESG and political risk landscape across the continent," Hunter added. Spotlight on Ghana Hunter pointed to Ghana as among the most affected by this negative feedback loop between a deepening public debt burden, a constrained fiscal position and a deteriorating ESG and political landscape. ACCRA, GHANA - NOVEMBER 05: Ghanaians march during the 'Ku Me Preko' demonstration on November 5, 2022, in Accra, Ghana.
☆ These currencies have tanked this year — and one is down over 75% against the dollar
  + stars: | 2022-11-14 | by ( Elliot Smith | ) www.cnbc.com   time to read: +4 min
The cedi hit a fresh record low against the dollar on Wednesday last week, at one stage hitting the 14.24 mark before recovering slightly. In second place is the Cuban peso, which is down 56.36% against the dollar, behind only the Zimbabwean dollar, which has lost a staggering 76.74% of its value against the dollar since January. A man holds Zimbabwean Dollar Bond Notes Dan Kitwood | Getty Images News | Getty ImagesHanke said last week that Zimbabwe's "economic death spiral just keeps spinning." Similar to Ghana, authorities in Zimbabwe have attempted to support the local currency and fight inflation by cracking down on Zimbabwean dollar payments. EgyptThe Egyptian pound last week slumped to a fresh low against the dollar, sliding to 24.42, making its way onto Hanke's list of the top 10 worst-performing currencies of 2022.watch now
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