pleiade

Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]

Libyan female lawyer gunned down in Benghazi for criticizing Haftar

A prominent Benghazi Libyan lawyer who lately turned critical of east-based retired Gen. Khalifa Haftar was shot dead Tuesday by gunmen aligned with the rogue warlord. Hanane Barasi was mowed down outside her house after three gunmen came out of three cars and showered her with bullets, on a busy street of the eastern Libyan […]

South Africa: Parliament Speaker takes leave to evade corruption probe

South African parliament Speaker asked for a special leave to avoid arrest after her home was raided as part of a corruption probe. Her case highlights rampant corruption within the ruling ANC elites as the country braces for presidential elections in two months, amid failing public services such as electricity and water supply. Nosiviwe Mapisa-Nqakula, […]