Bureau Chief, Egypt & Sudan
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Apr 23, 2015

Analysis – Burundi on knife edge over president’s possible third-term run

BUJUMBURA/NAIROBI (Reuters) – Any move by Burundi’s president to run for a third five-year term risks undermining a peace deal that has kept the African nation calm since civil war ended a decade ago and could stoke tensions in a region blighted by ethnic conflict.

Pierre Nkurunziza has yet to say if he will stand in the June 26 vote, but diplomats and opponents expect him to run even though they say it would violate the constitution and the Arusha peace deal, credited with helping heal Burundi’s ethnic rifts.

Apr 23, 2015

Burundi on knife edge over president’s possible third-term run

BUJUMBURA/NAIROBI (Reuters) – Any move by Burundi’s president to run for a third five-year term risks undermining a peace deal that has kept the African nation calm since civil war ended a decade ago and could stoke tensions in a region blighted by ethnic conflict.

Pierre Nkurunziza has yet to say if he will stand in the June 26 vote, but diplomats and opponents expect him to run even though they say it would violate the constitution and the Arusha peace deal, credited with helping heal Burundi’s ethnic rifts.

Apr 22, 2015

Burundi party to decide at weekend if president runs again

NAIROBI (Reuters) – Burundi’s ruling CNDD-FDD will hold a party congress this weekend to decide whether President Pierre Nkurunziza will seek a third five-year term, a move that the opposition and diplomats worry could trigger fresh unrest in the African nation.

“It will be on Saturday,” CNDD-FDD party president Pascal Nyabenda told Reuters in a short phone message when asked about the date for the congress. He also confirmed the party would vote that day on whether Nkurunziza will be the candidate.

Apr 20, 2015

Opponent sees protests if Burundi president seeks re-election

NAIROBI (Reuters) – Burundi’s president will provoke more protests if he announces plans this month to seek a third five-year term and the poor African nation risks being dragged back into a cycle of unrest, a rebel-turned-politician said.

Agathon Rwasa, a presidential hopeful who in 2009 was the last rebel commander to lay down weapons, told Reuters he would call for peaceful protests if Pierre Nkurunziza chose to run, a move opponents say would violate the constitution and the Arusha deal that ended a 12-year civil war in 2005.

Apr 1, 2015

Foreign brewers battle for Ethiopia’s beer drinkers

ADDIS ABABA, April 1 (Reuters) – International brewers are
helping transform Ethiopia’s business landscape as it slowly
sells the assets of the former communist state and opens up to
foreigners drawn to one of Africa’s fastest growing economies.

Heineken, Diageo and privately-owned Dutch
brewer Bavaria, have snapped up state breweries or built new
ones in the past four years, introducing new beverages and
increasing competition for St George, Ethiopia’s oldest beer
brand, that was itself bought by France’s Castel Group in 1998.

Mar 26, 2015

Kenya’s president promises to fight graft, critics doubtful

NAIROBI (Reuters) – Kenya’s president promised on Thursday to take personal charge of a battle against corruption and said anyone in office cited in a report by an anti-graft watchdog should step aside pending investigation, regardless of their rank.

President Uhuru Kenyatta made the fight against graft a priority on taking office in 2013, but critics say he has failed to sweep out corrupt officials in a nation where corruption is seen as a major obstacle to business and law enforcement.

Mar 26, 2015

Somali entrepreneur to launch scheme to ease cash transfer fears

NAIROBI, March 25 (Reuters) – A Somali businessman is
betting on a biometric fingerprint system to keep alive vital
money transfer firms which face closure after Western banks cut
ties due to fears remittance cash may be channelled to militant
groups.

Somalia’s leaders say the closure of money transfer
companies would be disastrous for a nation where millions depend
on remittances from family members abroad to buy food, pay for
schools and set up businesses.

Mar 24, 2015

Singapore’s visionary draws followers in Africa

NAIROBI/KIGALI (Reuters) – Few world leaders transform their own nations, let alone create a model that dozens of other countries seek to emulate. Singapore’s Lee Kuan Yew, who died this week aged 91, did both.

The economic miracle he masterminded is regularly cited by world leaders. And for many poorer nations in Africa and elsewhere, the Asian state offered lessons that were not imposed by institutions such as the World Bank or cooked up by former colonial powers.

Mar 3, 2015

Kenya plan needs oil price rebound-Africa Oil

NAIROBI (Reuters) – Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil (TLW.L: Quote, Profile, Research, Stock Buzz) and Africa Oil (AOI.TO: Quote, Profile, Research, Stock Buzz) to go ahead with their Kenyan project, the chief executive of Africa Oil said.

CEO Keith Hill told the Reuters Africa Investment Summit he was confident that crude prices would recover to around those levels long before a final investment decision, due by the end of 2016, is made.

Feb 27, 2015

Rwanda bourse chief sees at least two public share offerings in 2015

By Edmund Blair

NAIROBI(Reuters) – Rwanda’s stock exchange expects to have at least two initial public offerings (IPOs) by local companies before the end of the year, the chief executive of the bourse said.

The main bourse has two local stocks, Bank of Kigali BOK.RW and brewer Bralirwa BLR.RW, and four regional cross-listings. The smaller companies market is still awaiting its launch listing.

    • About Edmund

      "Responsible for Reuters coverage from Egypt and Sudan, and overseeing operations of the Cairo-based Reuters Arabic language service. Previously was Bureau Chief, Iran. Have worked throughout the Middle East for most of the past 15 years, including covering the Iraq war and Palestinian-Israeli conflict. Have also covered financial and energy affairs, holding positions that inlude equities reporter in London."
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