Jump to navigation

Published 1st June 2018

Vol 59 No 11


Korean barbecue down south

African Economic Indicators | Copyright © Africa Confidential 2018
African Economic Indicators | Copyright © Africa Confidential 2018

After a grilling by bank governors, President Adesina wins backing to open talks on a capital increase

On the morning of 24 May, the universe of the African Development Bank shrank to a single room of the cavernous BEXPO exposition hall in Busan, South Korea's second city, where bankers, African finance ministers and bank governors had gathered for the bank's 53rd Annual Meeting. The main item on the agenda for the closed meeting that morning was whether the shareholders of the bank would agree to increase the bank's capitalisation.

READ FOR FREE

The Sahara conflict is back

Rabat’s new engagement with sub-Saharan Africa is raising the temperature of its dispute with Polisario

One of Africa's most prominent militant groups gathered thousands of supporters and threatened to storm the Moroccan wall on 10 May. It was not a confrontation between Polisario...


Debt spike threatens reserves

The uncontrolled borrowing by the Lungu circle is growing too large to cover up

Having said it was certain of its figures, Zambia's Ministry of Finance has once again revised its external debt upwards, from US$8.7 billion to $9.1 bn. While its...



BLUE LINES
THE INSIDE VIEW

The one unsurprising thing about Zimbabwe's presidential and parliamentary elections is the date: they are now set for 30 July with a rerun on 8 September if no candidate clears 50% in the first round of the presidential poll. Few want to see a second round.

Many political insiders predict this year's vote will produce a coalition. Some insist that talks have already started. But political conditions are defying expectations in many ways. Six months ago, few believed that the election...

The one unsurprising thing about Zimbabwe's presidential and parliamentary elections is the date: they are now set for 30 July with a rerun on 8 September if no candidate clears 50% in the first round of the presidential poll. Few want to see a second round.

Many political insiders predict this year's vote will produce a coalition. Some insist that talks have already started. But political conditions are defying expectations in many ways. Six months ago, few believed that the elections would be remotely free and that President Emmerson Mnangagwa, 75, and ZANU-PF were heading for an epic majority.

Now the Movement for Democratic Change's Presidential candidate, Nelson Chamisa, 40, has the momentum and spends half the week addressing mass rallies around the country telling the electorate, 60% of whom are under 40, that the MDC is the party of youth and change. Despite his gaffes and a lacklustre BBC interview, Chamisa's message is hitting its mark at a time of record youth unemployment and a chronic foreign exchange shortage.

It's all to play for in the next two months. ZANU-PF is expected to use its incumbency and cash reserves – giant posters of a smiling Mnangagwa already adorn billboards across every city in the country – to claw back the advantage. This time, unlike a decade ago, it will be doing so under the spotlight of thousands of well-equipped and trained local and international election observers.

Read more

Cracks spread in APC alliance

The governing party is tested as factions jostle for power and settle old scores with Buhari’s placemen

Bola Tinubu's appointment to lead the reconciliation committee of the All Progressives' Congress was meant to signal that the APC hierarchy was ready to salve wounds of aggrieved...


This land may be your land

The President may be carrying all before him, despite resistance from his predecessor, but the land issue could derail him

President Cyril Ramaphosa's personal approval ratings are at 76% and his handling of the economy has the nod from 82% of South Africans. The Democratic Alliance leader, Mmusi...


Shabaab takes to the air

Far from being on the brink of defeat, Al Shabaab is improving its propaganda and still holding its own on the military front

Al Shabaab's leader, Abu Ubaydah, made a major speech on jihadist broadcast media on 18 May marking the beginning of Ramadan and setting out his political stall, scotching...


All things to all factions

The new premier plays a clever game of balancing competing interests – but bringing the corrupt to book is not on the agenda

Prime Minister Abiy Ahmed has been boosting his reputation as a crowd-pleaser with government actions which have delighted a Saudi tycoon, youthful demonstrators, opposition leaders, jailed executives and...


An untimely death

The Renamo leader’s demise is an opportunity for the party to re-invent itself but Frelimo could still abandon reconciliation

The opposition Resistencia Nacional Moçambicana (Renamo) is going through a difficult rebalancing act in the wake of the death of its leader, Afonso Dhlakama, on 3 May. In...


Solutions scarce as chaos grows

Neither the President nor the UN forces have a grip on deteriorating security. The killing of a priest in his church illustrates the growing disorder

Faustin-Archange Touadéra stepped into the presidency in February 2016 on a wave of goodwill, seemingly ready to face the challenge of national reconciliation. Now, he is booed whenever...



Pointers

Conté's long shadow

Ibrahima Kassory Fofana is not merely Guinea's new prime minister. His appointment by President Alpha Condé marks a return of the cadre of politicians who came to prominence...


Migration clouds treaty hopes

Arguments about migration could scupper the successor to the Cotonou Agreement – the treaty governing relations between the European Union and 78 African, Caribbean and Pacific countries –...


Ely Calil, 1945-2018

When British newspapers decided that Ely Calil was the mysterious architect of a spectacular failed mercenary operation to topple the government of Equatorial Guinea in 2004, the only...