Thursday 25 May 2017

Angola

(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to the mainland during the two-day meeting. Out of sight does not mean out of mind. Italy chose to host the summit in Taormina, on the cliffs of eastern Sicily, to concentrate minds on Europe's migrant...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led to chimpanzees, our closest cousins. The jawbone, which included teeth, was unearthed in 1944 in Athens. The premolar was found in south-central Bulgaria in 2009. The researchers examined them using sophisticated new techniques including CT scans and established their age...
(AFP (eng) 05/22/17)
Angolan soldiers recruited by South Africa's apartheid government to fight against their homeland now live in squalor, forgotten and unwanted. Without healthcare, jobs or basic services, some 3,000 Angolan-born men call home the town of Pomfret in a far-flung northern corner of South Africa on the edge of the Kalahari Desert. Dilapidated buildings crumble by the side of the town's sun-baked main road, water and power are cut off, and the asbestos factory that once sustained the region was abandoned...
(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored...
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to...
(Bloomberg 05/18/17)
Angola’s main opposition party asked the government for official information about President Jose Eduardo dos Santos’s health after he left in a private trip to Spain more than two weeks ago. “There are many rumors about the health of the president and there is a need to officially provide clarification about what is happening,” Alcides Sakala, a spokesman for the National Union for the Total Independence of Angola, said by phone from Luanda, the capital. “While this is a society...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(AFP (eng) 05/17/17)
Angola's opposition called Wednesday for official clarification on the health of veteran President Jose Eduardo dos Santos, 74, who has been out of the country for nearly three weeks. Dos Santos's influential daughter Isabel this week moved to deny rumours the president had died in Spain, where he was confirmed to have travelled by state media on May 2. "We are all concerned about the lack of official information on the health of the president," Rafael Savimbi, a senior figure...
(AFP (eng) 05/17/17)
More than 1.4 million people in Angola, including many children, have been affected by a "chronic drought" that has increased the risk of disease, a UN report said Wednesday. Seven southern regions of Angola are affected, with the three border provinces of Cunene, Namibe and Huila hit the hardest. The UNICEF report said severe acute malnutrition rates in Cunene were at 3.6 percent, higher than the national average of one percent. The report said the El Nino weather phenomenon had...
(Reuters (Eng) 05/17/17)
Gay and lesbian Africans who fled abuse in their home countries face a "culture of disbelief" which makes their experience of seeking asylum in Britain traumatic, a Nigerian lesbian, gay, bisexual, transgender rights (LGBT) campaigner said. Aderonke Apata, 50, who fled persecution in Nigeria, said the practice of assessing Africans' sexual orientation claims based on Western standards was problematic. "They expect an LGBT person to have used sex toys, to go to gay clubs," Apata, an asylum seeker who founded...
(Bloomberg 05/16/17)
When the impoverished West African nation of Niger imposed a ban on donkey exports last year, a small community of traders just over the border in Nigeria was devastated. “Before the ban, you could see thousands of donkeys here,” said Mohammed Sani, a 45-year-old trader in the Nigerian town of Jibiya, as he wiped the sweat off his brow. “Now look at them: there’s no more than 50, crippling the business.” Donkeys are being slaughtered at an alarming pace to...
(AFP (eng) 05/13/17)
Hundreds of people from Democratic Republic of Congo's central Kasai region have been pouring into neighbouring Angola every day for more than a month to escape violence plaguing their homes. Some 20,000 people who have fled are now in or around three holding camps in Dundo in Angola's far north, living in increasingly dire conditions, according to the UN. And the flow of refugees shows no sign of abating. Patrice Ilunga managed to reach Mussungue with his children after four...
(AFP (eng) 05/13/17)
"It was flee or die," said Jean Makemissi, a refugee from the violence raging in Democratic Republic of Congo who has sought sanctuary in neighbouring Angola. "All of the villages in our region have been occupied by rebels. We left chaotically without taking anything with us. We were truly terrified," he said from the Mussungue camp in the extreme north of Angola, fear visibly etched on his face. "I'm scared for my children, I don't have any news on them...
(Reuters (Eng) 05/13/17)
Tackling climate change in Africa could help resolve multiple problems ravaging the continent, from drought to refugees and violence, the head of the African Union said on Friday. The mix of global warming with economic woes and political conflicts keeps peace from taking hold, said Moussa Faki Mahamat, the Union's new chairman, at Chatham House, an international think tank. "There is a link between climate change and prosperity, as well as peace, on the continent," Mahamat said in French with...
(Macau Daily Times 05/11/17)
Tax payments in Angola will be able to be made in foreign currency, under an amendment to the General Tax Code approved on Tuesday by the members of the Angolan parliament, Angolan news agency Angop reported. The document, which was discussed at the meeting of parliamentary committees on Constitutional and Legal Affairs and the Economy and Finance, is a government initiative that is justified, according to the Minister of Finance, “due to geopolitical and cyclical factors (…) which forces emerging...
(Macauhub 05/11/17)
Angolan bioenergy company Companhia de Bioenergia de Angola (Biocom) plans to produce 73,000 tonnes of sugar, 17,000 cubic metres of ethanol and 200 gigawatt hours of electricity this year, said the company’s production director, Marcos Brandão. The director of production also told the Angop news agency that the figures for 2017 represent an increase in production compared to 2016, when the company produced 52,000 tonnes of sugar, 14,000 cubic metres of ethanol and 100 gigawatts of energy. To increase production,...
(Reuters (Eng) 05/10/17)
Thousands of people have fled fighting in Democratic Republic of Congo over the past month and sought refuge in neighboring Angola, a provincial governor said, an exodus that is straining resources in villages along the border. Ernesto Muangala said officials had counted more than 20,000 refugees in his Lunda Norte province, almost double the number recorded a month ago. All had fled clashes between Congolese government and militia forces that erupted in Congo's Kasai-Central province in July, then spread to...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...

Pages

(Reuters (Eng) 05/24/17)
When U.S. President Donald Trump and other leaders of the world's seven major industrialized nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won't get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels that pick them up at sea to take them to the mainland during the two-day meeting. Out of sight does not mean out of mind. Italy chose to host the summit in Taormina, on the cliffs of eastern Sicily, to concentrate minds on Europe's migrant...
(Reuters (Eng) 05/23/17)
Fossils from Greece and Bulgaria of an ape-like creature that lived 7.2 million years ago may fundamentally alter the understanding of human origins, casting doubt on the view that the evolutionary lineage that led to people arose in Africa. Scientists said on Monday the creature, known as Graecopithecus freybergi and known only from a lower jawbone and an isolated tooth, may be the oldest-known member of the human lineage that began after an evolutionary split from the line that led to chimpanzees, our closest cousins. The jawbone, which included teeth, was unearthed in 1944 in Athens. The premolar was found in south-central Bulgaria in 2009. The researchers examined them using sophisticated new techniques including CT scans and established their age...
(AFP (eng) 05/22/17)
Angolan soldiers recruited by South Africa's apartheid government to fight against their homeland now live in squalor, forgotten and unwanted. Without healthcare, jobs or basic services, some 3,000 Angolan-born men call home the town of Pomfret in a far-flung northern corner of South Africa on the edge of the Kalahari Desert. Dilapidated buildings crumble by the side of the town's sun-baked main road, water and power are cut off, and the asbestos factory that once sustained the region was abandoned...
(Reuters (Eng) 05/20/17)
France will step up the fight against resurgent Islamist militants in north and west Africa and will work more closely with Germany to help the tinderbox region, President Emmanuel Macron said on his first trip outside Europe on Friday. Visiting Mali days after taking office, Macron vowed to keep French troops in the Sahel region until there was "no more Islamist terrorism" there. He said operations would be escalated in response to signs that militant groups were regrouping and uniting...
(AFP (eng) 05/17/17)
More than 1.4 million people in Angola, including many children, have been affected by a "chronic drought" that has increased the risk of disease, a UN report said Wednesday. Seven southern regions of Angola are affected, with the three border provinces of Cunene, Namibe and Huila hit the hardest. The UNICEF report said severe acute malnutrition rates in Cunene were at 3.6 percent, higher than the national average of one percent. The report said the El Nino weather phenomenon had...
(Reuters (Eng) 05/17/17)
Gay and lesbian Africans who fled abuse in their home countries face a "culture of disbelief" which makes their experience of seeking asylum in Britain traumatic, a Nigerian lesbian, gay, bisexual, transgender rights (LGBT) campaigner said. Aderonke Apata, 50, who fled persecution in Nigeria, said the practice of assessing Africans' sexual orientation claims based on Western standards was problematic. "They expect an LGBT person to have used sex toys, to go to gay clubs," Apata, an asylum seeker who founded...
(AFP (eng) 05/13/17)
Hundreds of people from Democratic Republic of Congo's central Kasai region have been pouring into neighbouring Angola every day for more than a month to escape violence plaguing their homes. Some 20,000 people who have fled are now in or around three holding camps in Dundo in Angola's far north, living in increasingly dire conditions, according to the UN. And the flow of refugees shows no sign of abating. Patrice Ilunga managed to reach Mussungue with his children after four...
(AFP (eng) 05/13/17)
"It was flee or die," said Jean Makemissi, a refugee from the violence raging in Democratic Republic of Congo who has sought sanctuary in neighbouring Angola. "All of the villages in our region have been occupied by rebels. We left chaotically without taking anything with us. We were truly terrified," he said from the Mussungue camp in the extreme north of Angola, fear visibly etched on his face. "I'm scared for my children, I don't have any news on them...
(Reuters (Eng) 05/13/17)
Tackling climate change in Africa could help resolve multiple problems ravaging the continent, from drought to refugees and violence, the head of the African Union said on Friday. The mix of global warming with economic woes and political conflicts keeps peace from taking hold, said Moussa Faki Mahamat, the Union's new chairman, at Chatham House, an international think tank. "There is a link between climate change and prosperity, as well as peace, on the continent," Mahamat said in French with...
(Reuters (Eng) 05/10/17)
Thousands of people have fled fighting in Democratic Republic of Congo over the past month and sought refuge in neighboring Angola, a provincial governor said, an exodus that is straining resources in villages along the border. Ernesto Muangala said officials had counted more than 20,000 refugees in his Lunda Norte province, almost double the number recorded a month ago. All had fled clashes between Congolese government and militia forces that erupted in Congo's Kasai-Central province in July, then spread to...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Reuters (Eng) 04/29/17)
The fall armyworm - which decimates fields as it marches ever forward - has spread to Angola as the caterpillar eats its way through southern Africa, a U.N. agency said. With Angola the latest country affected, only Lesotho and island nations in the region have escaped the pest, which devours crops in its path, U.N. officials said. Its spread has undermined hopes for a better harvest this year, they added, with swathes of southern, eastern and western Africa infested. "Now...
(Eye Witness News 04/28/17)
Officials said only Lesotho and island nations in the region have escaped the pest, which devours crops in its path. The fall armyworm - which decimates fields as it marches ever forward - has spread to Angola as the caterpillar eats its way through southern Africa, UN officials said on Thursday. With Angola the latest country affected, only Lesotho and island nations in the region have escaped the pest, which devours crops in its path, the officials said. Its spread...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(AFP (eng) 04/24/17)
A new malaria vaccine will be tested on a large scale in Kenya, Ghana and Malawi, the World Health Organization said Monday, with 360,000 children to be vaccinated between 2018 and 2020. The injectable vaccine RTS,S could provide limited protection against a disease that killed 429,000 people worldwide in 2015, with 92 percent of victims in Africa and two-thirds of them children under five. "The prospect of a malaria vaccine is great news. Information gathered in the pilot will help...
(Reuters (Eng) 04/22/17)
Thousands of refugees fleeing fighting between the army and armed groups in the central Democratic Republic of Congo have sought refuge in overcrowded villages across the border in Angola, the United Nations said on Friday. More than 11,000 refugees have fled Kasai-Central province amid clashes between local militias and Congolese forces that started last August, with some 9,000 arriving since the start of this month, the U.N. refugee agency (UNHCR) said. Refugees, about half of whom are children, are arriving in Angola in desperate conditions, many of them malnourished
(AFP (eng) 04/20/17)
Seven Angolan opposition activists have been sentenced to 45 days in jail over a protest calling for transparency in next year's election when veteran President Jose Eduardo dos Santos will stand down. The election, due to be held in August, will mark a new chapter for Angola as Dos Santos hands over power after ruling the oil-rich country since 1979. "The court condemns the accused to 45 days of imprisonment and a fine of 65,000 kwanzas ($390) for the offences...
(AFP (eng) 04/19/17)
Angola said Wednesday that it was reinforcing security patrols along its northern border through which thousands of refugees have fled violence in the Kasai region of the neighbouring Democratic Republic of Congo. "The Angolan police has intensified patrols on the border with the Democratic Republic of the Congo to prevent the infiltration of armed groups into our national territory," police chief Ambrosio de Lemos said on public RNA radio. The DRC's four central provinces of Kasai, Kasai-Central, Kasai-Oriental and Lomami have been gripped by a violent uprising since last year. The fighting erupted after government forces last August killed tribal chief Jean Pierre Mpandi, also known as Kamwina Nsapu
(Voice of America 04/17/17)
The Italian coast guard says it has rescued nearly 6,000 migrants on the Mediterranean since Friday, underscoring the continued flow of people along this dangerous route. A group of Africans living in Europe visited Cameroon this week to launch a campaign against illegal migration. The group is called “No More Death in the Desert or on the Sea.” Its mission is simple: to educate youth in Africa about the harsh realities of illegal migration. "We want to tell them that...

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(Reuters (Eng) 05/22/17)
Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations of a young and growing population. That, at least, is the three-pillared prescription from the International Monetary Fund as expressed by one of its top Africa researchers, Celine Allard, in an official IMF blog post and podcast. Allard co-authored the Fund's regional economic outlook, released earlier this month. It found that sub-Saharan economic growth hit only 1.4 percent last year, the lowest level in two decades and well off the 5-6 percent rates normally...
(Reuters (Eng) 05/19/17)
When rich countries wrote off billions of dollars of African debt in 2005, they hoped governments would think twice about borrowing again in costly foreign currencies. Over a decade later, most sub-Saharan African countries still rely on U.S. dollar-denominated debt to finance their economies. Some investors say this is sowing the seeds of future debt crises if local currencies devalue and make dollar debt repayments more expensive. Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(Bloomberg 05/16/17)
When the impoverished West African nation of Niger imposed a ban on donkey exports last year, a small community of traders just over the border in Nigeria was devastated. “Before the ban, you could see thousands of donkeys here,” said Mohammed Sani, a 45-year-old trader in the Nigerian town of Jibiya, as he wiped the sweat off his brow. “Now look at them: there’s no more than 50, crippling the business.” Donkeys are being slaughtered at an alarming pace to...
(Macau Daily Times 05/11/17)
Tax payments in Angola will be able to be made in foreign currency, under an amendment to the General Tax Code approved on Tuesday by the members of the Angolan parliament, Angolan news agency Angop reported. The document, which was discussed at the meeting of parliamentary committees on Constitutional and Legal Affairs and the Economy and Finance, is a government initiative that is justified, according to the Minister of Finance, “due to geopolitical and cyclical factors (…) which forces emerging...
(Macauhub 05/11/17)
Angolan bioenergy company Companhia de Bioenergia de Angola (Biocom) plans to produce 73,000 tonnes of sugar, 17,000 cubic metres of ethanol and 200 gigawatt hours of electricity this year, said the company’s production director, Marcos Brandão. The director of production also told the Angop news agency that the figures for 2017 represent an increase in production compared to 2016, when the company produced 52,000 tonnes of sugar, 14,000 cubic metres of ethanol and 100 gigawatts of energy. To increase production,...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...
(Xinhuanet 05/04/17)
The World Economic Forum (WEF) Africa Competitiveness Report 2017 released in Durban Thursday called for urgent policy reforms if the continent intends to create more jobs for its growing young population. According to the report issued at the 27th WEF on Africa, fewer than one-quarter of the 450 million new jobs required in the next 20 years will be created if current policies remain unchanged. The report called for structural reforms in the economies to create more jobs for the...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Mining Weekly 04/28/17)
Angolan oil minister José Maria Botelho de Vasconcelos said on Thursday his country was more than fully complying with Opec production cuts, and that he believed a deal to curb output would be extended beyond June. "Yes I think so," de Vasconcelos said at an industry event in Paris when asked whether the deal would be extended at the group's meeting in Vienna on May 25. He added that Angola was implementing more than 100% of the cuts it committed...
(Macauhub 04/28/17)
Non-resident foreign workers in Angola can once again be paid in foreign currency, not just in kwanzas, according to presidential decree 78/17, of 24 April, repealing another decree from 6 March. The new decree stipulates that “the value and currency of the remuneration of foreign non-resident workers are freely agreed between the employer and the worker,” in compliance with the general principles set out in the General Labour Law and new legislation. The decree of 6 March indicated that Angolan...
(Macauhub 04/27/17)
The loss of control of Banco de Fomento Angola led BPI from a profit of 45.8 million euros in the first quarter of 2016 to losses of 122.3 million euros in the same period of 2017, according to the quarterly results presented on Wednesday. The impact of the sale of a 2.0% stake taking its stake down to 49.1% and consequent loss of control of the bank was a negative 212.3 million euros, and without this impact BPI would have...
(Macauhub 04/27/17)
The VistaWater company won a tender to explore and manage the water supply system in Sumbe, the capital of Kwanza Sul province, in Angola, worth approximately 3.5 million euros, the company said in a statement. VistaWater is 45% owned by Portuguese group Indaqua – Indústria e Gestão de Águas, in turn 50.06% owned by Israeli group Miya, which in February 2016 paid 60 million euros for the stake held by Portuguese construction company Mota-Engil. The contract entered into with the...
(Macauhub 04/27/17)
Twenty-three new diamond, gold, phosphate, iron ore, copper and natural stone exploration projects are due to begin in Angola in the short and medium term, the Minister of Geology and Mining, Francisco Queiroz said on Wednesday in Luanda. The minister, who was speaking at the opening session of the 6th Consultative Council of the Ministry of Geology and Mines, did not quantify the amounts related to each project but said five were for diamond exploration, four for gold, two for...
(Business Day Ghana 04/27/17)
There are currently 960 million mobile subscriptions across Africa – an 80 percent penetration rate among the continent’s population. Internet penetration is at 18 percent with 216 million internet users, according to the latest Jumia mobile trend report for Africa. The 2017 edition of the African Mobile Trends Paper is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria. The study takes a look at the how the market has democratised mobile internet...
(Xinhuanet 04/26/17)
The Belt and Road (B&R) Initiative is a golden opportunity to bring about regional integration and sustainable economic growth for Africa, said Berhane Gebre-Christos, special envoy of the Ethiopian Prime Minister, on Tuesday. The special envoy made the remarks at the opening of a seminar organized on the B&R Initiative in Ethiopia's capital Addis Ababa. Welcoming the initiative, the special envoy said he is looking forward to the expected effects of the initiative. "The B&R is a project that will...
(Bloomberg 04/20/17)
WorldRemit Ltd., a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home. The seven-year-old company, in which Facebook Inc.-backer Accel Partners LP invested $40 million in 2014, will this year open a regional office in South Africa, its largest market on the continent in terms of money-transfer value, founder and Chief Executive Officer Ismail Ahmed said in an interview. Another site will start...
(Bloomberg 04/19/17)
The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies. The area’s gross domestic product will expand 2.6 percent in 2017, the bank said in an emailed copy of its Africa Pulse report Wednesday. That compares with a January projection of 2.9 percent and matches the International Monetary Fund’s prediction released this week. “The region’s three largest economies -- Angola, Nigeria, and South Africa -- are projected to...
(Angola Press(En) 04/19/17)
The construction of a railway heading to Luanda's new International airport has started four months ago with ground-levelling works from kilometro 30 locality in Viana municipality to Bungo, Luanda Port. The construction works are being carried out in three fronts and are set to be concluded within 18 months. The Luanda's new international airport will have the capacity to provide services to 10 million passengers per year, its partial conclusion and inauguration is due to take place this year.
(AFP (eng) 04/18/17)
The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. "Growth is projected to rise to 2.6 percent in 2017 and 3.5 percent in 2018, largely driven by specific factors in the largest economies, which faced challenging macroeconomic conditions in 2016," the IMF said its latest World Economic Outlook report. A slump in commodity price in 2016 and devastating drought had affected...

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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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(Xinhuanet 04/18/17)
Africa's diaspora is playing a big role in the economic transformation of the continent, the UN said on Tuesday. UN Population Fund (UNFPA) Regional Director Dr Julitta Onabanjo told Xinhua in Nairobi that remittances are important source of income for many African families. "The diaspora therefore complements government efforts to lift many families out of poverty," Onabanjo said on the sidelines of the First Africa-China Conference on Population and Development. Onabanjo said that Africans in the diaspora also bring back to the continent, the valuable skills and knowledge that they have acquired in the developed world. "This pool of skilled labour can help the continent address challenges that hinder social economic development," she added. The...
(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 Ouagadougou, the movie was punctuated...
(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...
(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...

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(Bloomberg 05/18/17)
Angola’s main opposition party asked the government for official information about President Jose Eduardo dos Santos’s health after he left in a private trip to Spain more than two weeks ago. “There are many rumors about the health of the president and there is a need to officially provide clarification about what is happening,” Alcides Sakala, a spokesman for the National Union for the Total Independence of Angola, said by phone from Luanda, the capital. “While this is a society that is very fertile when it comes to rumors, there is no official information available about the president’s health.” Dos Santos’s daughter, Isabel, said on her Instagram account that reports that her father had died...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much as 60 billion rand ($4.5 billion), said Evan Walker, a money manager at 36one Asset Management in Johannesburg, although the valuation could also be as low as 40 billion rand depending on how much debt Steinhoff puts into the vehicle...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(Bloomberg 04/20/17)
WorldRemit Ltd., a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home. The seven-year-old company, in which Facebook Inc.-backer Accel Partners LP invested $40 million in 2014, will this year open a regional office in South Africa, its largest market on the continent in terms of money-transfer value, founder and Chief Executive Officer Ismail Ahmed said in an interview. Another site will start...
(Bloomberg 04/19/17)
The World Bank cut its growth projection for sub-Saharan Africa this year because of weak expansion in the region’s three biggest economies. The area’s gross domestic product will expand 2.6 percent in 2017, the bank said in an emailed copy of its Africa Pulse report Wednesday. That compares with a January projection of 2.9 percent and matches the International Monetary Fund’s prediction released this week. “The region’s three largest economies -- Angola, Nigeria, and South Africa -- are projected to...
(Voice of America 04/17/17)
The Italian coast guard says it has rescued nearly 6,000 migrants on the Mediterranean since Friday, underscoring the continued flow of people along this dangerous route. A group of Africans living in Europe visited Cameroon this week to launch a campaign against illegal migration. The group is called “No More Death in the Desert or on the Sea.” Its mission is simple: to educate youth in Africa about the harsh realities of illegal migration. "We want to tell them that...
(Bloomberg 04/06/17)
China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market. West African producers led by Angola and Nigeria are poised to send crude to China at the rate of 1.48 million barrels a day in April, the most since Bloomberg began compiling the data in August 2011, according to loading programs and traders. Overall Asian...
(Voice of America 04/05/17)
A Red Cross report says African countries are failing their internally displaced people. Reversing that trend was the subject of a high level meeting of the International Red Cross and the African Union that wrapped up Tuesday in Zimbabwe. Africa has about 13 million internally displaced people, a third of the global number of IDPs, and more than double the amount of refugees on the continent. By definition, refugees flee across a national border, while IDPs leave their homes but...
(Financial Times 04/04/17)
Countries should develop policies to attract labour-intensive production leaving China. China’s initial wave of investments in Africa focused on natural resource extraction. Their demand for metals and energy was so large that it actually boosted global commodity prices overall, which in turn accelerated growth across the African continent. These times of China propping up global commodity prices are now over, as it has built up excess capacity in many sectors and now faces slow investment growth. This lower demand has...
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages...
(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...
(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...

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