| Africatime
Monday 24 April 2017
(AFP (eng) 02/12/17)
Once one of Africa's biggest car buyers, Algeria is embarking on an ambitious programme aimed at replacing hundreds of thousands of foreign imports with domestically produced models to keep drivers on the road. Facing up to a sharp drop in the price of oil -- its main revenue source -- the North African nation has launched a "new economic model" which seeks to reduce reliance on crude sales. One of the ways it hopes to achieve this is by developing its domestic automotive industry, which has been given incentives to produce more models after the government radically slashed imports. As fears grow over US President Donald Trump's impact on global free trade, Algeria's move towards homegrown manufacturing is a possible...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first choice for regular Champions League entrants Coton Sport from northern Cameroon cotton town Garoua. Coton qualified for the 2008 final, losing to Al Ahly of Egypt, but have fared poorly recently with first round exits in the past two seasons...
(AFP (eng) 02/09/17)
Germany arrests Algerian, Nigerian 'IslamisGerman police in overnight raids arrested an Algerian and a Nigerian man suspected of planning an Islamist attack, authorities said Thursday. More than 450 officers took part in the mass raids targeting 12 locations, mostly in the central city of Goettingen in Lower Saxony state, they said. Police investigating the fundamentalist Islamist community had acted on information pointing to "a possibly imminent terrorist attack", said the city's police chief Uwe Luehrig. They detained the two men, a 27-year-old Algerian and a Nigerian, 23, who had both lived for some time in the city with their families.
(Standard Digital 02/09/17)
Hundreds of business and political personalities yesterday attended a German-African economic summit in Nairobi, where German Minister for Economic Cooperation and Development Gerd Mueller talked about his “Marshall Plan” for Africa. The plan is “with Africa, not for Africa,” Mueller (pictured) said, stressing that it would be based on cooperation between equals rather than the principles of traditional development aid. The plan, which Mueller presented to the German parliament’s development committee on Wednesday, is based on fair trade conditions, investment and increasing aid for educational projects. One of the goals of the plan, which the German opposition received with scepticism, is to curb migratory flows from Africa to Europe. Mueller called on German companies to focus on Africa, which he...
(Xinhuanet 02/08/17)
Algerian and Tunisian officials on Tuesday agreed on working to increase and optimize energy supply on the border areas of the two neighboring North African nations. The two nations held their bilateral energy committee in Algiers, as part of the visit of Tunisian Energy Minister Hela Cheikh Rouhou. The meeting focused on ways and means to boost energy interconnection network between the two nations, in a bid to increase electricity and supply to the border areas, said a statement of the Algerian Energy Ministry quoted by APS news agency.
(AL Jazeera 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route, reality proved to be grimmer than he had anticipated. Patrick and two of his male relatives, also travelling from Douala, were beaten, robbed and held captive by organised predatory groups. Finally, their tumultuous journey came to an end in Algeria,...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax said it had secured as much as $416 million in commitments for the African venture from both its own funds and partners, including the Ontario Municipal Employees Retirement System, a Canadian pension fund and CI Investments Inc., according to the...
(Xinhuanet 02/03/17)
T20 Africa Conference, the meeting for the G20 think tanks and African countries, ended on Friday in Johannesburg with a commitment to accelerate cooperation between the G20 and Africa. The three-day conference aimed to chart a course for the future cooperation between Africa and the G20. The day ended with the formulation of the communique which will be given to the current G20 chair Germany. The communique will also be the reference for further discussion between Africa and T20. T20 comprises of the G20 think tanks. Dr. Christine Hackenesch, researcher at the German Development Institute (DIE) said, "There was an agreement that there must be a continuous and sustained engagement between G20 and Africa because there is a strong dependence...
(Reuters (Eng) 02/02/17)
African leaders have backed a "strategy of collective withdrawal" from the International Criminal Court (ICC), but it came with unspecified reservations, an African Union official said on Wednesday after this week's African Union summit. The official did not give details about the strategy or the reservations, but it highlights broad antipathy towards the court among Africans who feel the ICC unfairly targets them. A document seen by Reuters before the summit proposed a co-ordinated withdrawal unless the ICC was reformed. It included a call for "regionalization" of international law, a reference to proposals for an African war crimes court. Almost a third of the ICC's 124 members are African, and a withdrawal by a large number of them would cripple...
(Xinhuanet 02/01/17)
Newly elected senior officials of the African Union (AU) Commission, including Chairperson and Deputy Chairperson of the AU Commission, were sworn in on Tuesday at the conclusion of the 28th AU summit in Ethiopia's capital Addis Ababa. In addition to the two top officials, other officials took the oath for positions including, peace and security; political affairs; trade and industry; social affairs; infrastructure and energy; and rural economy and agriculture. The 28th AU summit also elected Alpha Conde, President of the Republic of Guinea, for a rotating chairmanship of the African Union. In his acceptance speech on Monday, Conde said, "It is with honor and humility that I accept to preside at the destiny of our Organization during the year...
(Xinhuanet 01/28/17)
The African Union (AU) has been endeavoring to ensure robust, resilient and long-lasting economic transformation of Africa through promotion of infrastructure and energy development on the continent, noted Elham Mahmood Ibrahim, AU Commissioner for Infrastructure and Energy. Speaking at a press conference Friday ahead of the 28th AU leaders' summit here, the commissioner said the pan-African bloc has scored achievements in its flagship projects and programs on the development of energy, transport as well as in the information and communication technology (ICT) areas, which she said are the biggest priorities in Africa's infrastructure sector. In cooperation and coordination with its regional, continental, and international partners, AU has been committed to development of infrastructure on the continent, which facilitates trade, economic...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the incident, it said. The protests come after the leaking of a draft report compiled by South Africa’s graft ombudsman that said Barclays Africa, which traded as Absa then, may have unduly benefited from state support when it bought Bankorp in...
(Xinhuanet 01/26/17)
Algeria announced the end of a 50-year mine-removal operation on Wednesday, as its army has destroyed 8.9 million mines dating back to the French colonial era along the country's eastern and western borders, Algeria Press Service (APS) reported Thursday. "This mine-removal operation has come to an end after over 50 years of constant work on the ground by army explosive-specialized units, for the final eradication of mines in our country," APS quoted Gen. Boualem Madi as saying. He stressed the significance of the mine clearance operation, as large fertile lands have been retrieved for various development projects. The destruction of mines illustrates Algeria's commitment to Ottawa Treaty, which aims at banning the use, storage, production and transfer of anti-personnel mines,...
(Xinhuanet 01/26/17)
Adopting African Continental Free Trade Area (CFTA) has been named a major task for the African Union (AU) this year as the 30th session of its Executive Council opened on Wednesday. In her remarks at the opening of the meeting, Nkosazana Dlamini-Zuma, Chairperson of the AU Commission, called for member countries' commitment to meeting the first target in Agenda 2063 of commencing the CFTA by end of 2017. She underlines the need "to do what needs to be done on the free movement of persons, so that we unlock opportunities for intra-African trade, studies, business and tourism." In her remarks at the opening of the 33rd session of the AU Permanent Representatives Committee on Sunday, Dlamini-Zuma said the AU's major...
(AFP (eng) 01/25/17)
Tired of living in fear of gang violence, Karima and her children left the drab satellite town of Ali Mendjeli near Constantine in northeast Algeria to seek refuge with in-laws. The 45-year-old mother of three, who asked not to give her surname, said living with in-laws is far from ideal but it beats the anxiety of daily life in her former home where rival gangs battle it out with knives and swords. "I was afraid they would attack my children," she said. "I have two teenagers and I feared it would end badly." Experts say urban violence is on the rise due to social insecurity, traumatic memories of Algeria's civil war in the 1990s and the mushrooming of deprived towns...
(Bloomberg 01/25/17)
Taiwan’s last two African allies have no plans to switch allegiances and break ties with Taipei as Beijing tries to woo the self-ruled island’s diplomatic partners. Burkina Faso won’t cut relations with Taiwan despite people and companies with links to China offering funding in return for recognition of the One-China principle, according to Foreign Minister Alpha Barry. Swaziland said its relationship with Taiwan is based on mutual interests, not on money. “We get outrageous proposals telling us, ‘if you sign with Beijing we’ll offer you $50 billion or even more,’’’ Barry said in an interview in the capital, Ouagadougou, this month. “Taiwan is our friend and our partner. We’re happy and we see no reason to reconsider the relationship.” Competition...
(AFP (eng) 01/24/17)
Algeria's Belgian coach Georges Leekens quit Tuesday after the side crashed out of the Africa Cup of Nations. Algeria were one of the pre-tournament favourites for the competition in Gabon but failed to win a game in their opening group. "For the good of all I decided to quit even though I do it with heart ache, and I wish all the success in the world to the national side," he said in a statement on the Algerian Football Federation website. Algeria bowed out of the tournament after their 2-2 draw with Senegal on Monday. Senegal join Tunisia in qualifying from the group for the quarter-finals. After the game in Franceville, Leekens indicated he hoped to continue as coach, with...
(AFP (eng) 01/24/17)
Islam Slimani scored twice but Algeria's Africa Cup of Nations hopes were ended after a 2-2 draw with Senegal in Franceville on Monday. The Leicester City striker put Algeria ahead on two occasions but each time Senegal equalised, first through Papa Diop and then courtesy of Moussa Sow as they finished Group B in first place with seven points. Like the Senegalese, Algeria were one of the pre-tournament favourites but they go out without winning a game, with Tunisia finishing in second place after their 4-2 victory against Zimbabwe in Libreville. It is Tunisia who progress to a quarter-final against Burkina Faso in the Gabonese capital at the weekend, while Senegal already knew they would be playing Cameroon in Franceville...
(Cnbc Africa 01/24/17)
While Brexit and the U.S. election dominated headlines in 2016, the African continent witnessed major changes of its own. Its two largest economies were destabilized, with Nigeria being driven into recession and the South African political elite grappling for power. Conflict continued to make news, with the continuation of people trafficking across the Mediterranean and violence in South Sudan bubbling over. Macroeconomic concerns Growth in Sub-Saharan Africa fell to 1.5 percent in 2016 according to the World Bank, which deemed this "the weakest pace in over two decades." The slowdown was chiefly blamed on low commodity prices. But, the organization forecasts growth of 2.9 percent in the region for 2017. Africa's two biggest economies have a lot to account for...
(AFP (eng) 01/23/17)
Le gardien international algérien Raïs M’bolhi (30 ans), qui dispute actuellement la Coupe d'Afrique des Nations avec les Fennecs, a signé un contrat d’un an et demi en faveur de Rennes, a annoncé lundi le club de 1re division française. Formé à l’Olympique de Marseille, il est le troisième international algérien - une sélection que dirigeait l'entraîneur Christian Gourcuff avant de venir à Rennes - au club rennais avec Ramy Bensebaini et Mehdi Zeffane, même si ce dernier n'a pas été retenu pour la compétition continentale qui se déroule au Gabon. M'Bohli est un véritable globe-trotter, puisqu'il a joué en Ecosse, en Grèce, au Japon, en Bulgarie, en Russie, aux Etats-Unis... Son dernier club en date était Antalyaspor en Turquie...

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