Alex Vines News
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Central African Republic’s rebel Seleka movement, which seized power two days ago, said it will reorganize the government by tomorrow and later hold elections.
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Guilhermina Simoes, a manager at Banco Bic SA in Angola, sat on a stool in the midday heat with a knapsack as she planned to camp overnight and beat the Monday morning crowd to buy a new apartment.
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Alassane Ouattara ’s handling of his political foes and their gunmen will determine whether he can attract investors after the prospect of civil war victory sparked a rally in Ivory Coast’s international bonds due 2032.
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The largest opposition party in Angola, Africa’s second-largest crude producer, plans to choose a leader this month to challenge the 32-year rule of President Jose Eduardo dos Santos in elections.
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Angola, sub-Saharan Africa’s second- biggest oil producer, will hold general elections on Aug. 31, according to a statement from the office of President Jose Eduardo dos Santos.
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Angolan President Jose Eduardo dos Santos, Africa’s second-longest serving leader, will probably be chosen this month as the ruling party’s presidential candidate for September’s election, a party spokesman said.
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Angola’s ruling party is gripped by a struggle over who should succeed President Jose Eduardo dos Santos, amid public rallies calling for the leader of Africa’s second-largest crude producer to quit after 32 years in power.
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A political wrangle over an Iranian arms shipment seized in Nigeria has set back the Persian Gulf nation’s efforts to cultivate links in Africa as it seeks to forestall diplomatic isolation over its nuclear program.
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Oil producers led by Exxon Mobil Corp. , Chevron Corp. and Tullow Oil Plc tripled spending in sub- Saharan Africa to $30 billion a year in a decade, finding twice the U.S.’s remaining reserves. The flow of cash is now at risk as nations from Uganda to Ghana tighten control of the industry.
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The Angolan Cabinet’s reappointment of Manuel Vicente as the head of the state oil company, Sonangol EP, appears to have thrown open the race to succeed President Jose Eduardo dos Santos.
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