Wednesday 18 October 2017
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands in 2015. The British broadcaster said the bribery was revealed by a former employee, Paul Hopkins. At the time, BAT said “we do not tolerate corruption in our business, no matter where it takes place.” The SFO investigation adds to...
(Xinhuanet 07/31/17)
Algeria vowed Sunday not to resort to external debt under any circumstances, despite the sharp decline in the country's oil revenue since the collapse of oil prices in 2014. Algerian Prime Minister Abdelmadjid Tebboune made the remarks at a tripartite meeting between the government, the General Union of Algerian Workers, and the Employers Forum, the largest Algerian business organization in the North African nation. "Resorting to foreign debt is not allowed and we do not even accept to think about it," Tebboune said. "We will not undermine our sovereignty under any circumstances," he noted. He further reassured that Algeria has enough resources to maintain the country's economy
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(AFP (eng) 07/27/17)
Algerian security forces have foiled a "terrorist plot" masterminded by a militant with links to France-based jihadist Amedy Coulibaly and the Islamic State group, the Al-Khabar daily reported Thursday. Citing "well-placed security sources", the newspaper said early results of an investigation "show a strong link between the head of the terrorist cell" and Coulibaly, who in 2015 killed a municipal police officer then four hostages in a Jewish supermarket in Paris before being killed. The alleged head of the Algerian cell, Mohamed Yacine Aknouche, was sentenced by a French court in 2004 to eight years in prison for taking part in a failed plan to blow up a Christmas market in the eastern city of Strasbourg. The French-Algerian dual national...
(Reuters (Eng) 07/27/17)
Algerian police have broken up an Islamic State militant cell led by a former al-Qaida commander convicted in France more than a decade ago for planning an attempted bombing in Strasbourg, a security source said on Wednesday. Mohamed Yacine Aknouche, 43, was once a Europe-based affiliate of Algeria's Islamic Armed Group (GIA), and was sentenced in absentia by a French court in 2004 to eight years prison, said the source, who asked not to be named. The source told Reuters that Algerian forces captured Aknouche this week near Tipaza, a coastal city 50 km west of the capital Algiers where officials charge he had been planning to carry out attacks on security forces. It was not clear when he had...
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with Jean David Mihamle.
(Voice of America 07/25/17)
European and African ministers are meeting in Tunisia about efforts to regulate the flow of refugees from Africa to Europe, primarily along the deadly central Mediterranean route originating in Libya. In a declaration Monday in Tunis, the capital, the ministers said they agreed on a multi-pronged approach to the crisis, including informing people about the risks of illegal migration and the possibility of voluntarily returning home, addressing why migrants leave home and beefing up actions against human traffickers. Participating in the meetings were interior ministers from Algeria, Austria, Chad, Egypt, France, Germany, Italy, Libya, Mali, Malta, Niger, Slovenia, Switzerland, Tunisia and Estonia, which currently holds the EU Council presidency. Through the first half of 2017, nearly 84,000 migrants arrived in...
(AFP (eng) 07/22/17)
An Algerian-Irish man extradited from Spain appeared before a US magistrate Friday, the first foreigner sent to the United States to answer terror charges since President Donald Trump took office. Ali Charaf Damache, 52, has been wanted in the United States for years on charges that he conspired with an American woman known as "Jihad Jane" to recruit people online to carry out attacks in Europe and South Asia. The suspect -- who was also known by the online username "Theblackflag" -- made an initial appearance before a federal magistrate judge in Philadelphia on Friday, said officials in the eastern district of Pennsylvania. He is scheduled to attend a bail hearing and arraignment on August 28, a spokeswoman for the...
(AFP (eng) 07/21/17)
The 2019 Africa Cup of Nations will expand from 16 to 24 teams and be staged in June and July, the Confederation of African Football (CAF) announced on Thursday. The tournament has traditionally been held in January and February, with the timing of the tournament a source of frustration to European clubs forced to release players in the middle of the season. The CAF executive committee confirmed the changes to the format following a two-day symposium in Rabat, although the tournament will continue to be held every two years and exclusively on African soil. The decision to increase the number of teams mirrors a similar one taken by UEFA to expand the European Championship, with 24 nations taking part at...
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread and protracted period of policy easing. This will provide a boost to growth," said John Ashbourne, Africa analyst at Capital Economics. Ghana, which agreed a three-year fiscal discipline deal with the International Monetary Fund in exchange for aid in 2015,...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30 million mobile-banking customers, giving them “a very sizeable platform on the continent,” he said. Vodacom’s purchase of the Safaricom stake from U.K. parent company Vodafone Group Plc gives the South African company access to the fast-growing M-Pesa platform, which processed...
(Reuters (Eng) 07/18/17)
Three years after he risked his life crossing the Mediterranean Sea from Libya to Italy on a small boat crammed with migrants, 22-year-old Sow Muhammed can hardly believe his luck. The former street hawker from Guinea now works as a caterer in Venice, rents his own apartment, and sends money back home regularly to his mother and siblings in the West African nation. "I am happy I came to Europe, and my family is also happy," he told the Thomson Reuters Foundation as he packed up leftovers at a training event for people who work with refugees, where he had served a menu which included traditional African dishes. "I talk to my family frequently, ask them their needs, and help...
(Xinhuanet 07/17/17)
Africa is making progress towards the establishment of a trade zone by Oct. 30 that will cover approximately half of the continent's member states. The Common Market for the Eastern and Southern Africa (COMESA) Director of Trade and Customs, Francis Mangeni, said in a commentary published in the Star Newspaper on Monday that so far 19 of the 26 countries involved have signed the agreement. "Three outstanding annexes had meant the tripartite agreement was not complete and this was advanced by some countries as the reason they could not sign or ratify the agreement. However their adoption represented a milestone in the negotiation, as it removed the last obstacle to signing and ratifying the agreement," Mangeni said. The tripartite free...
(Middle East Monitor 07/13/17)
Saudi’s ambassador to Algeria, Sami Bin Abdullah Al-Saleh, angers Algerians by labelling Hamas as a terrorist organisation. Saudi’s ambassador to Algeria, Sami Bin Abdullah Al-Saleh, has caused anger for his comments describing Hamas as a “terrorist” movement. Speaking in an interview with Ennahar television, Al-Saleh was asked if Hamas is a terrorist organisation to which he replied, “It’s now categorised….if it seeks to cause and create trouble then of course.” “The right to resistance is guaranteed for an organisation, not for him to stay at a five-star hotel in Qatar and from there run conspiracies.
(Middle East Monitor 07/13/17)
Algeria’s population will reach 51 million people in 2030, the Algerian Minister of Health, Population and Hospital Reform, Mokhtar Hasbellaoui, announced on Tuesday. Speaking at the inauguration of a symposium which was held at Algeria’s National Institute of Public Health, Hasbellaoui said that the country’s total population was 41.7 million inhabitants on 1 July 2017, warning of greater “population needs”. Given the new demographic trends that the North African country is facing, Hasbellaoui called on the National Population Commission (NPC) to reconsider the population policy adopted by the government, and to work on adjusting its strategic objectives “in order to achieve a balance between the population growth and the country’s economic and social development.” It will also help attain the...
(Cnbc Africa 07/12/17)
"Africa is an awakening giant," according to the former South African President Frederik Willem de Klerk speaking at the World Petroleum Congress in Istanbul. The leader who oversaw the transition of his country's power to Nelson Mandela said Tuesday that the future looks bright for a continent previously blighted by war, famine and a lack of infrastructure. "I believe Africa is an awakening giant and, yes, it is not performing according to what we expected soon enough, but it will perform," he said. De Klerk believes that African countries are primed to take advantage of the world's growing size. "If we look at food shortages for the rest of the world with a growing population, Africa is the solution," he...
(Voice of America 07/11/17)
In the past five years, terrorist attacks have killed nearly 20,000 people across Africa. Two groups, Boko Haram and al-Shabab, accounted for 71 percent of reported incidents and 91 percent of fatalities. But, while these and other militant groups remain active, fatal terrorist attacks across the continent are on pace to fall for a second straight year, and the total number of attacks is running far below 2012 highs. These findings are part of VOA’s original analysis of data from ACLED, the Armed Conflict Location and Event Data Project. ACLED tracks political violence, protests and terrorist events across Africa. Their reports include attacks since 1997 based on data collected from local news media, government statements, non-governmental organizations and published research...
(Bloomberg 07/10/17)
Many cell phone companies are rethinking their headlong rush into the continent. Only Orange is staying the course. Back when African countries were auctioning off mobile licenses by the boatload to serve the region’s young, tech-savvy population, investing in the continent’s fast-growing economies seemed like a no-brainer. Some of the world’s biggest wireless carriers rushed in. Now they’re wondering if they made a mistake. Increasing government and regulatory scrutiny, as well as a lack of expansion opportunities in sub-Saharan Africa, are making it harder for operators such as Vodafone Group Plc, Orange SA and Bharti Airtel Ltd. to grow. Their choice: Pull back or double down. Two companies beating at least a partial retreat are Millicom International Cellular SA, which...
(AFP (eng) 07/06/17)
The African Union's new chair Moussa Faki Mahamat on Wednesday questioned US commitment to fighting terrorism on the continent after it blocked efforts to get UN funding for an anti-jihadist force in the Sahel. "This is a specific case of a certain number of African states taking the initiative to create a dedicated force to fight terrorism. So, we don't understand how the United States could hold back or not engage in the fight against terrorism," Faki said in an interview with AFP. Faki's January election as chairperson of the AU commission came days after the inauguration of US President Donald Trump, who has proposed slashing US funding for aid projects and multilateral institutions like the UN. The former Chadian...

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