In news this week in Africa, democracy is very much on the mind of Africans, as former president Abdoulaye Wade conceded defeat in Senegal against his opponent, president-elect Macky Sall. The New York Times takes a look at this election, along with the coup d’état unfolding in Mali, to analyze the rise and setbacks of democracy on the continent. Elsewhere in the news, CNN profiles Luc Richard Mbah a Moute, a Cameroonian prince who also happens to be averaging 22 minutes per game for the Milwaukee Bucks of the NBA. Kenyans are currently weighing its country’s future after a discovery of oil, and the Economist takes a look at Egypt’s Coptic Christian community, which is reeling after the death of its leader, Pope Shenouda.
In business and finance in Africa this week, we continue analysis of the Kenyan oil discovery, and we also take a look at investors who are chasing yields in the Nigeria and Kenyan currency markets. The Economist takes a look at the growing brewing industry on the continent, specifically focusing on South Africa’s biggest brewer, SABMiller; and Egypt’s stock boom—the world’s best, at 37 percent—is causing investors concern.