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Qatar: Financial impact begins, Germany warns of military powder keg

The growing diplomatic rift between Qatar and other regional Doha as S&P downgraded its credit rating from AA to AA- while warning that further steps in this vein could follow. The decision was made late on Wednesday. The crisis has also reflected on the country’s stock market as it slipped by 9%. The riyal has […]

Guinea-Bissau president beefs up his own security, rules out risk of yet another coup

The appointment by the Guinea-Bissau’s president of two new officials responsible for his security — in a country accustomed to coups — are seen by experts and observers in the context of recent coups in Niger and Gabon and other nations in the Francophone Africa Guinea-Bissau’s President Umaro Sissoco Embalo has appointed Generals Tomas Djassi […]

South Africa’s Rand depreciates after poll showing Zuma’s political return

A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the Rand. The poll revealed that corruption-plagued ANC will face its first-ever electoral test since apartheid due to a surge in support for former president Jacob Zuma and his uMkhonto Wesizwe […]