Angola | Africatime
Wednesday 22 March 2017

Angola

(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More specifically, it focuses on poorly-served...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(AFP (eng) 03/16/17)
An Angolan court handed down jail terms Wednesday ranging from four to 10 years to eight men accused of seeking to topple the country's long-ruling president, Jose Eduardo dos Santos. The men were described as the ringleaders among 35 former fighters from the UNITA opposition party who allegedly tried to seize power in January 2016. The purported plot was reported by the Angolan media only last November, and 35 people were placed on trial in Luanda, the capital, just a...
(Bloomberg 03/16/17)
In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise announcement on Wednesday, Agarwal said he plans to buy a stake of as much as 2 billion pounds ($2.4 billion) in Anglo, representing 13 percent of the company. Agarwal’s ultimate motivations and how he plans to...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(AFP (eng) 03/15/17)
Angolan authorities are considering deploying police outside cinemas to ensure that no one aged 16 or under gains entry to watch erotic drama "Fifty Shades Darker". The culture ministry said it was "working with institutions such as the national police... to enforce a ban on screening the film during the day and entry of 16-year-olds." The movie, a sequel to smash-hit "Fifty Shades of Grey", was released in Angola on February 9 without any age restrictions, reportedly attracting a large...
(Maka Angola 03/15/17)
The net is closing around Angola's Vice-President, Manuel Vicente, the former CEO of the country's oil giant Sonangol and a man long accused of being a conduit for the diversion of oil revenues into international business deals linked to the Angolan President, his family and close associates. He faces charges in connection with the alleged suborning of a Portuguese prosecutor. Orlando Figueira, in 2013 to set aside an investigation into money-laundering involving the purchase of a US $4 million luxury...
(Angola Press(En) 03/15/17)
Microsoft encourages governments to review the regulatory policies for the use of information technology as needed to improve the utilization of their cloud platforms. This positioning of the multinational was presented on Tuesday in Luanda by the director of marketing and operations of Microsoft Africa, Natasha Matos-Hemeningway, at the end of the Microsoft Cloud Forum, destined for entrepreneurs of different segments in Angola. According to Natasha Matos-Hemeningway, the improvement in the use of cloud platforms enables the latest features and...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Angola Press(En) 03/09/17)
The president of French oil company Total, Patrick Pouyanné, Tuesday in Houston (Texas), expressed confidence in the strength and robustness of the Angolan market. Patrick Pouyanné made these references to the press at the end of a meeting between delegations of Angolan oil company Sonangol, led by its chairperson of the Board of Directors, Isabel dos Santos, and France's Total, on the fringes of Ceraweek, which is one of the major experts meetings of the sector. He said that this...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Maka Angola 03/03/17)
Although at 74 he is well over retirement age (65) and was expected to be forcibly retired this month, General António José Maria - the Angolan President's most faithful servant for nearly 40 years - is being allowed to remain at the head of the Military Intelligence and Security Service (SISM) until the elections at which President José Eduardo dos Santos will step down. His subordinates, who were expecting him to have left already, are increasingly unable to contain their...

Pages

(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(AFP (eng) 03/16/17)
An Angolan court handed down jail terms Wednesday ranging from four to 10 years to eight men accused of seeking to topple the country's long-ruling president, Jose Eduardo dos Santos. The men were described as the ringleaders among 35 former fighters from the UNITA opposition party who allegedly tried to seize power in January 2016. The purported plot was reported by the Angolan media only last November, and 35 people were placed on trial in Luanda, the capital, just a...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/15/17)
Angolan authorities are considering deploying police outside cinemas to ensure that no one aged 16 or under gains entry to watch erotic drama "Fifty Shades Darker". The culture ministry said it was "working with institutions such as the national police... to enforce a ban on screening the film during the day and entry of 16-year-olds." The movie, a sequel to smash-hit "Fifty Shades of Grey", was released in Angola on February 9 without any age restrictions, reportedly attracting a large...
(Angola Press(En) 03/15/17)
Microsoft encourages governments to review the regulatory policies for the use of information technology as needed to improve the utilization of their cloud platforms. This positioning of the multinational was presented on Tuesday in Luanda by the director of marketing and operations of Microsoft Africa, Natasha Matos-Hemeningway, at the end of the Microsoft Cloud Forum, destined for entrepreneurs of different segments in Angola. According to Natasha Matos-Hemeningway, the improvement in the use of cloud platforms enables the latest features and...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(Maka Angola 03/03/17)
Although at 74 he is well over retirement age (65) and was expected to be forcibly retired this month, General António José Maria - the Angolan President's most faithful servant for nearly 40 years - is being allowed to remain at the head of the Military Intelligence and Security Service (SISM) until the elections at which President José Eduardo dos Santos will step down. His subordinates, who were expecting him to have left already, are increasingly unable to contain their...
(AFP (eng) 02/28/17)
The Ibrahim Prize for Achievement in African Leadership -- the world's biggest individual prize -- drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstrated exceptional leadership, served their mandated term and left office within the last three years. The award comes with $5 million (4.7 million euros) paid over 10 years and $200,000 annually for life from then on. The prize, founded by Sudan-born...
(AFP (eng) 02/25/17)
Angola's parliament has approved changes to a colonial-era law and decriminalised abortion in some cases, including for victims of rape. Under the changes, abortions may be carried out before the sixth month of pregnancy in cases where the mother's life is in danger or if the pregnancy is a result of rape. But abortion per se remains illegal and can fetch up to three years in jail for the woman and four years for the practitioner. "Abortion is forbidden, it...
(AFP (eng) 02/23/17)
For the first time in Africa, researchers said Wednesday they have detected a malaria parasite that is partially resistant to the top anti-malaria drug, artemisinin, raising concern about efforts to fight a disease that sickens hundreds of millions of people each year. The discovery means that Africa now joins southeast Asia in hosting such drug-resistant forms of the mosquito-borne disease. Malaria infected more than 200 million people and killed some 438,000 people worldwide in 2015, most of them children in...
(AFP (eng) 02/21/17)
An official investigation into a stampede that killed at least 17 fans at a football match in Angola has blamed security measures and crowd control, the national football federation said Tuesday. Several witnesses accused the police of provoking panic by attempting to disperse crowds outside the ground in the northern town of Uige at the game earlier this month. Hundreds of fans were reported to have turned up without tickets for the clash between Santa Rita de Cassia and Recreativo de Libolo in Angola's domestic league season.
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in...
(AFP (eng) 02/15/17)
Angola has ordered the closure of a school linked to the Gulen movement, which is blamed by Turkey for a July coup attempt, an official source said Wednesday. Luanda also expelled all of the Turkish staff working at the Colegio Esperanca Internacional (Coespi) and their families -- 66 people in total -- saying that the closure was for "national security reasons". The Hizmet movement which ran the school is linked to US-based cleric Fethullah Gulen and operates schools across the world, including in Africa. Turkish President Recep Tayipp Erdogan has rallied African leaders on the continent to help him fight Gulen's influence
(AFP (eng) 02/11/17)
At least 17 football fans died in a stampede at a stadium in northern Angola on Friday, police said, adding that scores of other spectators were injured, many of them seriously. Panic spread through the crowd at the match in the town of Uige between Santa Rita de Cassia and Recreativo de Libolo in Angola's domestic league season. "There was a blockage at the entrance to the January 4 stadium... this obstruction caused multiple fatalities -- 17 deaths, and there are 56 injured in the hospital," police spokesman Orlando Bernardo told AFP. He added that there were an unknown number of children among the dead
(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,...
(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...

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(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened." Flowers estimated that she...
(Bloomberg 03/16/17)
In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise announcement on Wednesday, Agarwal said he plans to buy a stake of as much as 2 billion pounds ($2.4 billion) in Anglo, representing 13 percent of the company. Agarwal’s ultimate motivations and how he plans to...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(Angola Press(En) 03/09/17)
The president of French oil company Total, Patrick Pouyanné, Tuesday in Houston (Texas), expressed confidence in the strength and robustness of the Angolan market. Patrick Pouyanné made these references to the press at the end of a meeting between delegations of Angolan oil company Sonangol, led by its chairperson of the Board of Directors, Isabel dos Santos, and France's Total, on the fringes of Ceraweek, which is one of the major experts meetings of the sector. He said that this...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Macauhub 02/27/17)
Chinese entrepreneur Deng Xingwu plans to invest along with the Angolan group Ovaxing about US$3 million to produce maize in Benguela province, thereby creating 130 jobs, indicates the investment contract accessed by Lusa news agency. The contract was approved by order of the Agriculture Ministry and involves Ovaxing; the latter sells 49 percent of its share capital to the Chinese entrepreneur Deng Xingwu, who will also assure part of the new investment. Based in Benguela’s Ganda municipality, Ovaxing and the Chinese investor plan to cultivate and transform maize and other agricultural products in that province
(Reuters (Eng) 02/24/17)
South African drinks company Distell, which makes Savanna cider and cream liqueur Amarula, has started producing canned drinks in Angola, the company's chief executive said on Thursday. Angola is Distell's largest export market in Africa but sales have fallen sharply there as a decline in oil revenues and lower economic growth have limited the availability of foreign exchange and hit Angolan consumers. "We've just started up local production of cans in Angola and that investment will be followed up by...
(Reuters (Eng) 02/22/17)
U.S. energy company Chevron is in talks with the Angolan government and state oil firm Sonangol to revise tax terms and any future investment will hinge on those talks, a senior company official was quoted as saying on Wednesday. "Existing tax terms are not very attractive ... We have been working both with Sonangol and with various departments of the government of Angola so that we can make it feasible and we can invest. Our investment will depend on what...
(Xinhuanet 02/22/17)
Africa Energy Indaba, the continent's premier energy event, kicked off in Johannesburg on Monday with the aim of finding solutions to the continent's energy future. The three-day conference is being attended by the governments' representatives, business and funders. The meeting seeks to unleash the continent's potential by coming up with an energy mix to develop Africa. Dr. Garth Strachan, Deputy Director General and Head of Gas Industrialization Unit in South Africa's Department of Trade and Industry said the recent discoveries...
(AFP (eng) 02/15/17)
Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy broadly available, developing renewable power sources and increasing efficiency, the inaugural Regulatory Indicators for Sustainable Energy report said. In a survey of 111 countries, the World Bank found that through 2015 nearly 80 percent had begun...
(AfricaNews 02/14/17)
Angola has taken over from Nigeria as Africa’s top oil producer, according to a report by the Organization of Petroleum-Exporting Countries (OPEC). OPEC’s Monthly Oil Market Report (MOMR) released on Monday disclosed that Angola’s current production was at 1.651 million barrels per day (bpd). Nigeria’s output on the other hand, was between 1.576 million bpd to 1.604 million bpd, in both cases the report cited secondary sources and direct communication for its latest figures. Crude oil output increased the most in Iraq, Angola and Libya, whiles production in Saudi Arabia, Nigeria and Venezuela showed the largest decline.
(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...
(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...
(AFP (eng) 01/29/17)
When Portugal was suffering in the depths of the global financial crisis, Marina Pereira followed thousands of her compatriots and took a job in Angola as it rode the wave of an oil boom. But now the collapse in global crude prices has hammered the southwest African country's economy and sent Pereira and many others like her heading back to Europe. "At the start I was earning 4,200 euros ($4,500) a month working in a spa. I was housed and fed, it was paradise," the 33-year-old osteopath said. In 2012 she had moved to Luanda, capital of the former Portuguese colony, rich in oil and diamonds.
(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...
(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...
(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...

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(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines of a briefing by 2018 Games hosts Gold Coast on Wednesday. "Durban has hosted some great events, it is a fantastic city and are wonderful warm hosts with bright ambitions and great aspirations. "However, it...
(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) 01/09/17)
Gabon witnessed one of the most sensational finishes to an Africa Cup of Nations tournament when no-hopers Zambia stunned the Ivory Coast to win the 2012 final. Zambia failed to qualify this time, but the Ivorians will be among the favourites again when the competition returns to the central African state with the first fixtures scheduled for Saturday. AFP Sport rates the chances of the 16 challengers for the $4 million (3.8 million euros) first prize (last three competitive results...
(Angola Press(En) 12/15/16)
Luanda - Recreativo do Libolo eliminated on Wednesday 1º de Agosto out of the men's basketball African Champions League, after beating them by 83-78 in the quarter-finals of the competition taking place in Cairo, Egypt. At half-time, Libolo were already winning the game by 40-35. In the semi-finals, Recreativo do Libolo will play the winner of the game between Africain Club of Tunisia and AS Sale of Morocco. With this defeat, 1º de Agosto, eight times champions of this event,...
(AfricaNews 12/05/16)
Cameroon’s Indomitable Lionesses failed to use home advantage and revenge in the final of the Women African Cup of Nations (AWCON 2016) losing by a goal to Nigeria’s Super Falcons. The Super Falcons thus successfully defended the title they won in 2014 by defeating Cameroon in Namibia. The hosts entered the final aiming to win their first title and avenge two previous defeats by Nigeria. But a late goal by Oparanozie Desire dashed hopes and sent disappointment through the teeming...
(AFP (eng) 11/10/16)
All CAF competitions will offer increased prize money from 2017, the Cairo-based African football body said Wednesday. The announcement came months after French oil-gas company Total signed an eight-year sponsorship deal with CAF reportedly worth more than one billion dollars (915 million euros). Winners of the biennial Africa Cup of Nations will receive $4 million, up from the $1.5 million pocketed by 2015 champions the Ivory Coast. CAF Champions League title-holders are going to collect $2.5 million -- $1 million...
(AFP (eng) 11/03/16)
African champions Mamelodi Sundowns won for the first time in the South African Premiership this season Wednesday and climbed off the bottom of the table. The Pretoria club triumphed 2-0 at Polokwane City thanks to goals from Percy Tau and Zimbabwean Khama Billiat, two stars of the 2016 CAF Champions League triumph. Sundowns became African champions for the first time 11 days ago by defeating Zamalek of Egypt 3-1 on aggregate in the final. But a domestic fixture backlog meant...
(AfricaNews 09/19/16)
The agreement on African games signed in Cairo over the weekend between the African Union and the Association of National Olympic committees of Africa will be implemented after validation by the Africa Union commission. The two parties are expected to mobilise renowned African athletes and the best teams to help raise their level of performance. Sources say the African Union will continue to manage the African games while the Union of African Sports Confederations will take care of its technical...
(AFP (eng) 07/22/16)
French petroleum giant Total signed an eight-year deal to become the new sponsor of African football and its showpiece event, the Africa Cup of Nations, on Thursday. The sponsorship of the tournament will start at its next edition in Gabon from Jan 14 to Feb 5, 2017. "This partnership is a major milestone in our ongoing search for additional resources to accelerate African football’s development, bring its governance up to date, upgrade its sports infrastructure and advance its performance globally,"...
(AFP (eng) 06/16/16)
Demarte Pena was too young to fight in Angola's civil war, where his family played a major role, but he has fought his way to a mixed martial arts championship. Instead of an AK47, "The Wolf" as he is known in the ring, uses fists, feet and pure muscle to subdue his opponents in what is seen as one of the fastest growing sports in Africa. Pena is bantamweight champion among the new crop of mixed martial arts fighters in...
(AFP (eng) 06/14/16)
Angolan forward Djalma Campos has signed a three-year contract for an undisclosed fee with PAOK, the Greek Super League club announced Tuesday. Campos, 29, has been capped 36 times with the Angola national team and has scored four goals. On a club level he has played for Turkish teams Genclerbirligi and Konyaspor, and Portuguese sides Porto and Maritimo.
(APA 06/06/16)
A supporter of the Central African Republic (CAR) football team has been killed on Sunday upon leaving Boganda Bartholomew sports complex. The young man was killed while expressing his joy following CAR football team’s 3-1 victory over Angola in the qualifying for the African Cup of Nations 2016 Gabon. The United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (minusca) deplored the death, explaining that the victim was a CAR civilian shot during an incident in which an...
(Angola Press(En) 04/22/16)
The coach Alberto de Carvalho Ginguba is henceforth coordinator for the training of basquetebol in Petro de Luanda, replacing in the post the Angolan former international Manuel Silva" Gi". Ginguba, 60-year old was presented on Thursday on the sidelines of a board meeting of the club of the "Eixo Viario". As a coach, Alberto de Carvalho was champion by Petro de Luanda in the 2006/2007 season, won the Afrobasket2007 and worked in the 1970s, with young group of Benfica de...
(Angola Press(En) 04/08/16)
Luanda - Petro de Luanda’s power forward Reggie Moore is currently at the head of the score in the first phase of the national senior basketball championship (Bic-Basket) with 317 points from 18 matches. The player also features in five of the ten items of the competition (free throws, double throws, triple throws and rebounds). Following come Recreativo do Libolo’s Olímpio Cipriano with 306 points and Carlos Morais (277), who also feature on the competition’s top ten items. Olímpio leads...
(Angola Press(En) 03/29/16)
Luanda - With the victory on Monday of Central African Republic over Madagascar by 2-1 for the fourth round, rising o the top of Group B with seven points, Angola is obliged to beat DR Congo this Tuesday to continue to depend on itself in the qualification for the final phase of Africa Cup of Nations (AFCON2017) in Gabon. With four points, now lying third, in the match against DRC, who come second with six points, the national team must...
(Voice of America 03/15/16)
George Wyndham of Sierra Leone is a force to be reckoned with. He’s been playing table tennis for 14 years, despite being paralyzed by polio as a child. Now, at age 26, he is among the best physically challenged players in Africa. "Whenever I play table tennis, it always makes me happy and forget about my disability," Wyndham said. Having polio has pushed him even harder to make something of his life, he says, especially in a country where there...
(Angola Press(En) 03/11/16)
Ndalatando - The coach of Porcelana F.C, Luís Mariano, said Thursday in Ndalatando, that his team will try and win the Friday’s game at home against Kabuscorp. Speaking to the press in the capital of northern Cuanza Norte province, the home to the club, Luis Mariano said the team will do its homework ahead of the fourth round of the national first division football championship (Girabola). He stated that despite the negative results so far, the team’s production has been...
(Angola Press(En) 03/10/16)
Luanda - The encounter between Petro de Luanda and Interclube, set for March 15 in Cidadela Pavilion, in Luanda, is the main highlight of the quarter-finals of the Angola League Basketball Cup in senior males category. Still for the quarter-finals and on the same day, Recreativo do Libolo will face Vila Clotilde (Dream Space Pavilion), 1º de Agosto will face Marinha de Guerra (Vitorino Cunha Pavilion) and Atlético Sport Aviação (ASA) are to play Heja Sport Clube from Lubango (Cidadela...
(Angola Press(En) 03/04/16)
Angola have risen two places in the FIFA rankings, now taking the position 109 with 306 points after the update made Thursday by the governing body of the world football association. At African level, Angola remain in the 32nd position in a ranking led by Cabo Verde in the 31st position with 789 points. On the other hand, Brazil come first among the Portuguese speaking countries in the sixth position with 1254 points, in a ranking headed by Belgium with 1506 points.
(Angola Press(En) 03/03/16)
Huambo - Hélder Teixeira has quit as head coach of central Huambo province’s Recreativo da Caála FC, after the parties failed to reach an agreement on some internal matters on Wednesday. In his Thursday’s announcement of his parting from the club, Helder Teixeira denied that it was motivated by the two losses to Kabuscorp do Palanca (3-1) and Interclube (1-0). He claimed that failure to reach an agreement has led him to discontinue as the team’s head coach. Hélder Teixeira...

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(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to the West, criticism of the International Monetary Fund and World Bank, and pride in being African. One of 20 feature-length movies on show at the Panafrican Film and Television Festival (Fespaco) in Burkina Faso's capital...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset by customs officers, thieves, murderers and rapists. The film -- the first feature-length film to show at the festival -- deals with "the bravery of women," Traore told AFP at the festival in the Burkinabe capital Ouagadougou. "There is a...
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(AFP (eng) 10/11/16)
Raised on the backstabbing intrigue of 1980s American soaps "Dallas" and "Dynasty", and later, the heady drama of South American telenovelas, Africans are enjoying a surge in local TV content they can finally identify with. It took a while, but in the past decade local programming has soared in sub-Saharan Africa's key economies, a rise driven by both foreign satellite networks and television stations on the continent. This growth has delivered up local shows such as Kenya's comedic "Real Househelps...
(Angola Press(En) 10/03/16)
Ganda - The Angolan singer and composer Rafael Jamba "Dom - Tchipa" Saturday and Sunday, in the municipality of Ganda, Benguela province, held a sale and autograph signing session of his CD entitled "Twapandula". The 14- musical tracks album has songs in Portuguese and Umbundu, especially the tracks " Unidos ", "Twapandula", "Febre Amarela ," "Katchokwe", "Otchikuma", "Unbadako", "Lamento de Morte ""Felicidades , "" Kolela "and" Conjunto". Speaking to ANGOP, "Don Tchipa" reported that the CD was produced in the...
(AFP (eng) 09/23/16)
A century after the project was conceived in the throes of racial segregation, and a few months before the first black US president leaves office, the African American Museum in Washington opens Saturday. Here are key facts about the first national museum devoted entirely to showcasing African Americans' life, history and culture. - 1915: A project 101 years old The effort to open, in the US capital, a museum dedicated to the history of the black community "began more than...
(The East African 09/10/16)
The Pan African Federation of Filmmakers (FEPACI) is seeking to raise $200 million from partners over the next two years to fund the continent's audiovisual and cinema sector. The funds will be used to establish centres of excellence in the five regions - East Africa, North Africa, Central Africa, Southern Africa, and West Africa -- and the locations will be decided by the African Council of Ministers of Culture. The money will be used to improve the quality and quantity...
(AFP (eng) 09/01/16)
An Angolan activist rapper who spent nearly a year behind bars has vowed to step up his vocal campaign against President Jose Eduardo dos Santos, despite the risk of returning to jail. "There's a lot to be done in Angola and I'm trying to do my part," Luaty Beirao told AFP two months after his release from prison where he was held on charges of plotting a rebellion against dos Santos. Beirao, a well-known rapper, was arrested during a book club meeting in June last year where one of the titles up for discussion was about non-violent resistance to repressive regimes.
(Angola Press(En) 07/12/16)
Angola, through its embassy in Mozambique, participated on Saturday July 9 in Maputo at the 14th edition of language and culture festival. According to a press note from the Angolan diplomatic representation in Maputo that reached Angop, the festival was entitled to a jury that assessed all the displayed items, including dances, fashion shows, declamation of poems, cuisine and exhibitions with videos and various products that translated the socio-economic and cultural aspects of the participating countries. The event was tapped...
(Voice of America 07/04/16)
To the beat of African drums, a few dozen people gathered at Dallas City Hall Friday to officially kick off the three-day African Film Festival. The event showcases films made by Africans, as well as a few made by non-Africans about issues important to different regions of the continent. City officials hailed the new festival as an expression of the increasing ethnic and cultural diversity in Texas’ second-largest city. Regina Hill Onyeibe, the Africa Liaison for the City of Dallas...
(Reuters (Eng) 06/28/16)
Africa's largest provider of pay-television services Naspers (NPNJn.J) has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday. Naspers, the biggest listed firm on the continent, which sells access to popular American series and blockbuster movies in 50 countries in Africa and the Indian Ocean via its Multichoice unit, reported an 18 percent rise in full-year profit on Friday, but flagged pay-TV as a drag on its performance. Weaker currencies...
(Angola Press(En) 05/18/16)
Strengthening of cooperation between Angola and Mozambique in the Media field topped Monday audience the incumbent minister José Luís de Matos granted to the director of Mozambican Information Office, Emilia Moiane. Speaking to the press after the meeting, the director of the Angolan Exchange Office of Media Ministry, Maria de Lourdes Mouzinho, said that the meeting discussed various issues. The official mentioned, among the other topics, the evolution of media in Angola and strengthening of the sector between Angola and...
(AFP (eng) 05/14/16)
On a choice spot overlooking Washington's most stately monuments, a new museum swathed in bronze will showcase the tragedy and triumph of black America. The National Museum of African American History and Culture, 100 years in the making and now almost ready, will fill a gaping void: until now the city had no grand-scale museum dedicated solely to this chapter of US history. Slave cabins, a blacks-only train car from the segregation era and exhibits on the Reverend Martin Luther...
(Angola Press(En) 04/26/16)
Angolan musicians are lamenting the passing of the renowned DR Congo musician Papa Wemba, which took place last Saturday evening in Abidjan, Côte D'ivoire, on the stage of a concert. Speaking last Monday to ANGOP, some Angolan musicians said that Papa Wemba is an icon of African culture. The veteran singer Prado Paim said that the achievements of the Congolese musician should be used as lessons for future generations of artists. He said Papa Wemba was a nationalist that defended...
(BBC News Africa 04/24/16)
The influential Congolese music star Papa Wemba has died after collapsing on stage in Abidjan in Ivory Coast, media reports say. Video from the concert shows the artist, who was 66, slumped on the floor as dancers continue to perform, unaware of what is happening. French broadcaster France 24 confirmed the death, quoting his manager. On the African music scene since 1969, Papa Wemba won a world following with his soukous rock music. The Congolese band leader, whose real name was Jules Shungu Webadio, also inspired a cult movement known as the Sapeurs whose members, young men, spend huge amounts of money on designer clothes.
(Angola Press(En) 03/18/16)
Luanda - The chairperson of Afrimma, the Nigerian Anderson Obiagwu, who arrived Tuesday in Angola said Thursday, in Luanda, the need for the Angolan music to leave the local market to go to others who consume more, such as Africa. Speaking to Angop, Anderson Obiage advises Angolans not to be afraid of language barriers, exemplified the Latin music in the United States of America (USA) is often heard by the Americans, who only speak English and do not understand Spanish,...
(Angola Press(En) 03/16/16)
Luanda - Angolan musicians will take part in the 2016 edition of African Music Magazine Awards (Afrimma) contest scheduled for October in the United States of America (USA). The Afrimma chairperson, the Nigerian Anderson Obiagwu, who has been in Luanda since Tuesday, announced this to Angop. The official, who will stay in the country until the 20th of this month, said that he will take advantage of this period to check the Angolan music market. According to him, he will...
(Angola Press(En) 03/09/16)
The Angolan musician Matias Damásio enlivened on Saturday Andulo population, 130 kilometers north away from Cuito city, central Bié province, during the act of exaltation of the acts of the President of the Republic, José Eduardo dos Santos, in a promotion of the National Spontaneous Movement (MNE). Matias Damásio stepped on the stage, playing the theme "Angola", melody combined with the exaltation, dedicating the song to the Head of State, José Eduardo dos Santos. The excitement silenced the audience for...
(Angola Press(En) 02/11/16)
Luanda - The exchange of costumes, choreography, song and organization allowed the carnival group of Uniao Njinga Mbande, from Viana municipality, to win Luanda class A Carnival, said its chairman, António Domingos. The official stressed that this victory was made possible thanks to the effort and unity of all members of the group, where each with his idea, sought to improve some aspects that were bad in terms of choreography and the organizational level in 2015. "Last year we finished...
(Angola Press(En) 02/10/16)
Luanda - The Culture minister, Rosa Cruz e Silva, said on Tuesday here that the continuity of carnival is surely guaranteed due to the growing number of young people participating in each edition of the Luanda Carnival. Speaking to the press at the end of carnival'2016, the minister said that besides the bet and increase of youths, it is also recorded the growing quality of groups regarding the presentation, vestments and perfection of dance. Rosa Cruz e Silva expressed satisfaction...

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(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(Bloomberg 03/16/17)
In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise announcement on Wednesday, Agarwal said he plans to buy a stake of as much as 2 billion pounds ($2.4 billion) in Anglo, representing 13 percent of the company. Agarwal’s ultimate motivations and how he plans to...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in...
(Voice of America 02/14/17)
U.S. President Donald Trump made his first phone calls to African heads of state Monday, speaking with Nigerian President Muhammadu Buhari and South African President Jacob Zuma. Nigeria and South Africa said the calls were made at the request of the U.S. president, who until now has said little about Africa or African issues since assuming office last month. The Nigerian presidency said Trump and Buhari discussed issues of terrorism, and said Trump assured Buhari the United States is ready...
(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,...
(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...
(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...
(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...
(Bloomberg 01/24/17)
Angola’s $4.8 billion sovereign wealth signaled a shift towards managing more of its own investments, the latest in a string of institutional investors seeking to cut costs and reduce their reliance on external managers. Fundo Soberano de Angola, known by its Portuguese acronym FSDEA, plans to train staff to start managing more of its assets over the next four years and will inject more cash into the fund as oil prices improve, Chairman Jose Filomeno dos Santos said in an...
(Bloomberg 01/23/17)
Angolan banks are appealing to the government to help put together a bailout package to protect account holders as lenders reel from low oil prices that make up almost all of the nation’s foreign-exchange earnings. Financial assistance could come from the administration of President Jose Eduardo dos Santos or be shared by all of the southwest African country’s 28 operational lenders, Amilcar Silva, chairman of the Association of Angolan Banks, said in an interview in the capital, Luanda. He didn’t specify whether lenders were calling for a liquidity boost that would improve the industry’s ability to convert short-term
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(RFI 01/14/17)
The 27th Africa-France Summit kicked off on Friday in the Malian capital Bamako with more than 30 African heads of state meeting French officials to discuss the threat of jihadists in the Sahel region and improve democracy in Africa. the meeting is also an opportunity for French president François Hollande to showcase his legacy. The choice to hold the 27th Africa-France summit in Mali is not insignificant. Bamako is where president François Hollande first revealed himself as an international statesman,...
(International Business Times 01/11/17)
Nigeria may have just reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria's 1.5 million barrels per day, in September 2016, for seven straight months. According to the December 2016 Monthly Oil Market Report (MOMR) of the OPEC, crude oil production from Nigeria went a notch above that of Angola even before the start of 2017 as per...
(Huffingtonpost 01/10/17)
And it’s ironic given the growing consensus that Beijing is the U.S. president-elect’s enemy number one. Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China. The election of Donald Trump has introduced a new era of uncertainty in global politics, especially...
(The Wall Street Journal 01/03/17)
The ruling party has tapped the current defense minister to succeed José Eduardo dos Santos. This upmarket new suburb on the edge of Angola’s capital stands as a ghostly monument to the challenges facing one of Africa’s biggest oil producers as it braces for its first political transition in almost four decades. Dozens of gated communities sit mostly empty, gathering dust. They were built during the first half of this decade for a middle class that never materialized and a...
(BBC News Africa 01/03/17)
An electricity grid for the whole village Problem: A total of 1.3 billion people worldwide currently don't have electricity, according to Yale Environment 360. Getting people in rural areas on to the national grid is proving too difficult and traditional solar panels generate meagre amounts of energy. Solution: Steamaco makes solar and battery micro-grids which can work for a whole village. They are small electricity generation and distribution systems that operate independently of larger grids. How it works: Micro-grids are...

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