FT News Briefing Scotland’s first minister resigns
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Apr 30, 2024 Humza Yousaf's surprising resignation as Scotland’s first minister sends shockwaves through the SNP and raises questions for the upcoming UK election. Meanwhile, WeWork is on the brink of restructuring, potentially charting a new course after past failures. In Africa, significant venture capital interest is fueling growth in the tech sector, driven by a need for innovative financial solutions. Investors are optimistic about revitalizing the region’s startups, even as challenges in funding and economic stability persist.
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Yousaf Resigns
- Scotland's First Minister, Humza Yousaf, resigned amid political turmoil.
- This resignation follows a series of problems for the Scottish National Party (SNP).
Reason for Resignation
- Yousaf's resignation was partly due to a broken power-sharing agreement with the Scottish Greens.
- He aimed to regain the political center ground but faced backlash.
SNP's Challenges
- The SNP's 17-year rule is marked by fatigue and a loss of fresh ideas.
- Yousaf inherited a difficult situation, including an investigation into party finances.