Editor’s Note: August 14, 2018
It was never going to be easy for Zimbabwe
It was too good to be true. After decades in the wilderness under Robert Mugabe Zimbabwe would retake its place among Africa’s rising economies. All it had to do was get through an election.
Two weeks after the country’s first post-Mugabe vote the dream looks to be in tatters.
Six people have lost their lives in a security crackdown on post-election protests, prompting international condemnation.
The opposition is challenging the result, which saw the ruling Zanu-PF and its presidential candidate Emmerson Mnangagwa declared the winners. The U.S. has extended Mugabe-era economic sanctions, pouring cold water on hopes for a spike in international investment.
A major setback, but it’s too early to call time on the ‘new’ Zimbabwe.
It was never going to be a smooth ride for the landlocked economy. From tackling deep structural economic problems to rebuilding its relationship with the international donor and business communities the to do list is long.
Mnangagwa over promised, pledging a level of credibility many countries would struggle to attain. This was fuelled by overzealous enthusiasm abroad, where excitement about the demise of Mugabe too often trumped realism.
A difficult task has become harder, but getting over Mugabe was never going to be easy.
From The Continent
South Africa’s Constitutional Court has declared the appointment of state prosecutor Shaun Abrahams by former president Jacob Zuma ‘invalid’, ordering his replacementwithin 90 days. Abrahams has been accused of shielding Zuma, who faced numerous corruption allegations during his time in office, from prosecution. More: Reuters
Uganda’s president Yoweri Museveni has reportedly come under attack while campaigning in the western town of Arua ahead of a highly contested by-election on Wednesday.Museveni’s press secretary has accused opposition supporters of being behind the attack. More: Africanews
The Daily Stat
The estimated turnout in Mali’s presidential runoff vote on Sunday, which incumbent Ibrahim Boubacar Keïta is expected to win. More: Eyewitness News
The Global Perspective
Malaysia’s state-owned oil company Petronas has acquired a 30% stake in Senegal’s Rufisque Offshore Profond block, marking it’s entry into the country. It joins oil majors like Total, which will retain 60% ownership of the block with Société Nationale des Pétroles du Sénégal, hoping to tap into large estimated reserves in the West African country. More: New Straits Times
South Sudan has been declared the most violent country in the world for aid workers for the third time in a row by the Norwegian Refugee Council, accounting for a third of major incidents against aid operations last year. This comes after Norway, along with the US and UKon Friday expressed doubts about the viability of a recent peace deal aimed at ending a bitter five-year civil war. More: BBC
The Daily Follow
Exotix Capital @ExotixCapital: Economic and business analysis specializing in frontier markets.