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The BBC's Dickens Olewe looks at the state of democracy in Africa. The unexpected outcome of the election in The Gambia is by far the biggest political story of the year. Long-serving strongman President Yahya Jammeh was defeated in an open and free election and willingly conceded to the opposition candidate Adama Barrow. Even though Mr Jammeh subsequently rescinded his concession and has challenged the results in court, this has failed to dampen the symbolism of his defeat and the confidence it has given to many in Africa that a ballot revolution is possible. But did this moment, widely celebrated across the continent, represent a political trend? Two trajectories "We have two trajectories, one in which autocratic leadership is becoming more entrenched and it is undermining independence of electoral commission and in another where there is democratic consolidation and leaders are more willing to step down like in countries like Nigeria," Nic Cheeseman, associate Professor in African Politics at Oxford University, told the BBC. He says that African countries need to build institutions and insulate them from the influence of political leaders. Electoral commissions also need to be well funded and protected by the law and allowed to be in charge of their own activities, like registering of voters, he says. Key African elections in 2016: February: Uganda's President Yoweri Museveni won a fifth term in office in an election marred by violence and allegations of ballot fraud. Niger's President Mahamadou Issoufou won a second term after his main opponent Hama Amadou, who is serving time in jail, pulled out of the runoff.
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The pioneer of selling luxury handbags at affordable prices had been beaten at its own game by Michael Kors Holdings Ltd., which aped Coach's store designs, prices and even used the same factories to make its goods. In the latest fiscal year, Michael Kors's revenue reached $4.7 billion, eclipsing Coach's $4.5 billion. Three years ago, Kors had less than half the sales. "We were slow to evolve," Victor Luis, Coach's chief executive, said in an interview. "We did not innovate quickly enough, did not invest enough in differentiating ourselves from the new competition that was in some ways taking our playbook." Coach, which is based in Manhattan, paid the price with three years of declining sales, but it is starting to turn the corner. Its sales are up 2% at existing North American stores in the October quarter. Global sales at existing Michael Kors stores fell 5.4% in the same period. "Coach has made great strides in becoming more fashion relevant," said Oliver Chen, a Cowen & Co. analyst. "Kors had been very successful, but tastes have changed and they need to evolve." The 75-year-old Coach brought in a new executive creative director, Stuart Vevers, who launched a high-end collection this year that includes $2,700 shearling coats, $900 sweaters and $800 bags -- well above the $300 to $400 range of its regular handbags. And Coach is on the hunt for acquisitions following its purchase last year of the shoe company Stuart Weitzman Holdings LLC.
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