Mozambique - 04

Mozambique: Parliamentary Commission Questions Guebuza Over Sovereign Debt

On 28 November former President Armando Guebuza appeared before the parliamentary commission of inquiry investigating the debt incurred by public companies EMATUM, ProIndicus and MAM, which was backed by a sovereign guarantee. Notably, parliament should have provided the sovereign guarantee for the loans. Instead, it was illegally bypassed.

Turkey - 01

Turkey: How Erdogan’s Son-in-Law Toppled Davutoglu: Meaning for Investors

The machinations behind former Prime Minister Ahmet Davutoglu’s resignation in May 2016 is one of the most important, yet least known aspects of contemporary Turkish politics. Even for the rank-and-file Justice and Development Party (AKP) member, the reasons why Davutoglu stepped down, and how he was replaced by Binali Yildirim, remain unclear. Yet recent open-source

South Africa - 06

South Africa: Political Interference: Impact on the IRP

Last week Minister of Energy Tina Joemat-Pettersson released the long-awaited update to the IRP. Much has been made of the fact that the IRP’s base case proposes delaying additional nuclear power to 2037. This is a positive development in that it represents a pushback against those driving the nuclear procurement, particularly as it comes within

Libya - 05

Libya: Trump’s Election Boosts Haftar

President-elect Donald Trump paid scant attention to Libya during his campaign – apart from using the 2012 attack on the US diplomatic mission in Benghazi to target Hillary Clinton – and there is little to suggest it will be a high priority for his administration beginning in January. Trump has not yet presented a coherent

Mozambique

Mozambique: CTA-Central Bank Tensions: Banking Sector Fears

On 21 November CTA President Rogerio Manuel (please see our Personality of the Week) accused Bank of Mozambique governor Rogerio Zandamela of acting in bad faith. According to Manuel, rather than liquidating Nosso Banco, the central bank should have placed the financial institute under administration in the same way it did MozaBanco. His comments came

Kazakhstan - 03

Kazakhstan: Astana’s Anti-Corruption Campaign: Signal to Top Officials

Last week saw an unprecedented increase in anti-corruption operations in Kazakhstan. On 15 November the Anti-Corruption Service announced it had arrested Bigeldy Gabdullin, the editor-in-chief of the newspaper Central Asia Monitor and an Almaty parliament deputy, for libel against high-level officials and blackmail. This incident is apparently a continuation of Astana’s crackdown on journalism and

Turkey - 02

Turkey: Erdogan Renews Bid to Join Shanghai Cooperation Organization

On 20 November President Erdogan reasserted the possibility of Turkey joining the SCO during a stop in Uzbekistan on the return from his visit to Pakistan. Accompanied by Chief of Staff Hulusi Akar and National Intelligence Organization (MIT) Undersecretary Hakan Fidan, Erdogan noted, “Turkey should be relaxed and calm about the EU and not be