| Africatime
Friday 28 April 2017
(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 to under the deal reached last year between the Organisation of the Petroleum Exporting Countries and other producers led by Russia. Under the deal, the producers agreed to cut output by 1.8-million barrels per day...
(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 has undermined hopes for a better harvest this year, they added, with swathes of southern, eastern and western Africa infested. "Now even Angola has confirmed (an outbreak)," said Joyce Mulila Mitti, a crop production and protection officer at the Food...
(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...
(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...
(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...
(AFP (eng) 04/25/17)
Angola's cabinet said on Monday that elections will be held on August 23 to choose a successor to President Eduardo dos Santos after 38 years of iron-fisted rule. Dos Santos, 74, has been in power since 1979 and has announced that he will not contest the election. His ruling party's presidential candidate will be the current defence minister. "At the suggestion of the president of the republic... the nation's cabinet on Monday approved August 23 as the date for Angola's...
(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...
(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...
(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
(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 Secretary of State for Foreign Affairs, Manuel Augusto, traveled to the Democratic Republic of Congo (DRC) Tuesday to attend the meeting of the SADC Political, Defense and Security Body, running from 19-20 April. At this meeting, in which Manuel Augusto is representing the Angolan head of diplomacy, Georges Rebelo Pinto Chikoti, the participants will analyze the latest developments in the political and security framework in the Democratic Republic of Congo. The troika is a structure of SADC, whose main...
(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.
(Xinhuanet 04/19/17)
UN Secretary-General Antonio Guterres, and the chairperson of the African Union Commission, Moussa Faki Mahamat, will convene Wedesday the first UN-AU Annual Conference. The two leaders will look into how to strengthen the partnership between the two organizations to face common challenges and opportunities in the continent, on issues of peace and security, sustainable development and human rights, said Stephane Dujarric, UN spokesman, at a daily briefing. "They will also sign the Joint United Nations-African Union Framework for an Enhanced...
(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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