Saturday 21 October 2017
(Reuters (Eng) 09/21/17)
Makers of generic AIDS drugs will start churning out millions of pills for Africa containing a state-of-the-art medicine widely used in rich countries, after securing a multi-million dollar guarantee that caps prices at just $75 per patient a year. Global health experts hope the deal will help address two looming problems in the HIV epidemic - the rising threat of resistance developing to standard AIDS drugs, and the need for more investment in manufacturing capacity. Bill Gates’ charitable foundation will guarantee minimum sales volumes of the new combination pills using dolutegravir, a so-called integrase inhibitor that avoids the drug resistance that often develops with older treatments. In return the drugmakers, India-based Mylan Laboratories and Aurobindo Pharma, will agree the maximum...
(Reuters (Eng) 09/20/17)
Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol. Angola LNG on Wednesday said the deal was another step toward building its sales book with the most important players in the LNG market. Last month it sold LNG to Vitol over a multi-year period and also entered a sales deal with the trading arm of Germany's RWE. Until recently, Angola has been selling all of its LNG via competitive tenders in the spot market, partly because a previous plan to ship LNG to the US fell through
(Angola Press(En) 09/20/17)
Luanda - Foreign currency sales dropped by 62 percent last week after the National Bank of Angola (BNA) has sold EUR 52.7 million ($ 58.9 million) to cover various operations. This is according to the BNA data delivered to Angop. The financial institution put at EUR 85.9 million the drop compared to the previous week. Of the amount available, EUR 17.3 million was earmarked for Letters of Credit to coverage operations of industry and food sectors. On the other hand, the banking institution mentioned EUR 13.4 million as having covered operations of various Sectors. Other sectors include healthcare with EUR 11.2 million, industry sector benefitted from EUR 10.6 million and EUR 134.3 thousand for operations of Ministries and State-owned institutions...
(Angola Press(En) 09/20/17)
Luanda - The Standing Committee of the National Assembly will on Wednesday hold a meeting in Luanda to prepare and approve the programme of institutional integration of the MPs of the IV Legislature of the 2017/2022 National Assembly, elected afterwards in the general elections of last August 23. Summoned by the Speaker of the National Assembly, Fernando da Piedade Dias dos Santos, the meeting will alsodiscuss and approve the proposal of the constitutive meeting of the said legislature. The 2017-2022 Legislature, whose solemn opening session will take place on 15 October, will be comprised of 150 MPLA MPs, 51 UNITA MPs, 16 CASA-CE Coalition MPs, two PRS MPs and one FNLA, in a total of 220 parliamentarians.
(Angola Press(En) 09/20/17)
Luanda - The President of the Republic, José Eduardo dos Santos, returned Tuesday afternoon to the country's capital, after paying a working visit to the south-eastern Cuando Cubango province, where he inaugurated the Memorial to the Victory of the Cuito Cuanavale Battle. At Luanda’s “4 de Fevereiro” International Airport, the Angolan Head of State was welcomed by the Vice-president of the Republic, Manuel Vicente, provincial governor of Luanda, Higino Carneiro and distinguished members of the Executive. built in honor of the fighters who fought and defended this locality against the occupation of the then apartheid regime, the memorial symbolises the heroic resistance of the Angolan combatants against the South African armed forces invasion, at the time of the apartheid regime...
(Macauhub 09/19/17)
Angolan company Lisa Pulsares will start producing mobile phones in a factory due to be inaugurated in 2018 that will have the capacity to manufacture 6 million units per year under an investment contract signed in Luanda on Friday, Angolan news agency Angop reported. The project approved by the Technical Unit for Private Investment (UTIP) involves an investment of US$8.5 million, and the mobile phones will be produced in the Luanda plant from components partially assembled in Hong Kong and finished in Angola. The company’s managers intend, in a second phase, to start producing tablets, according to the investment contract signed with the UTIP, which grants the company a number of tax benefits. On Friday the UTIP signed six contracts...
(Macauhub 09/19/17)
Chinese state-owned company RSI Su, Lda is building 200 tilapia tanks in the Barra do Dande district of Angola’s Bengo province, the company’s spokesperson told Angolan news agency Angop. Pedro Panzo also said that this project represents an investment of US$1 million and the production will be sold both in the province and in other parts of Angola. The spokesman said that the company had already purchased enough fish food to launch the business, which requires tank construction to be completed, but it plans to produce fish food locally at a later date. Tilapia is the name given to various species of freshwater fish, which are naturally occuring in Africa and are now produced in many places in South America...
(Angola Press(En) 09/19/17)
President José Eduardo dos Santos left Tuesday morning for the south-eastern Cuando Cubango Province, where he will inaugurate the memorial that honours the bravery of those that fought in the renowned 1988 Cuito Cuanavale Battle against the then apartheid forces of South Africa. The Head of State was bid farewell by several members of his Executive, with highlight on the Vice President of the Republic, Manuel Domingos Vicente. The Cuito Cuanavale Battle was a decisive turning point in the war that was going on for many years. The reference date in the military confrontation between the then People's Armed Forces for the Liberation of Angola (FAPLA) and the invading South African forces is 23 March, 1988. The FAPLA, supported by...
(Macauhub 09/19/17)
The Sovereign Fund of Angola has so far invested US$4.2 million of an initial estimate of US$20 million in the Pedras Negras Farm, said the public relations director of Quantum Global Group, the management company of the farm located in the municipality of Cacuso, Malanje province. Reginalda Pedro also said that the investment of the Sovereign Fund began in 2016, and the funds were used to buy equipment and production factors, “which will contribute to the production and processing of grains, such as sorghum (known as mapira in Mozambique), soy and corn into flour and animal feed.” The company’s public relations director reported that 3,500 hectares are currently being prepared for maize sowing, 900 hectares for sorghum and 500 hectares...
(AFP (eng) 09/18/17)
The leading opposition party in Angola said Saturday its lawmakers would take their seats in parliament, withdrawing a threat to boycott the assembly to protest last month's election outcome. The National Union for the Total Independence of Angola (UNITA), which won 27 percent of the vote, also said it was dropping its call for supporters to take to the streets against the vote that kept the country's ruling MPLA party in power. "We will sit in parliament in order to continue the democratic struggle within and outside of our institutions," UNITA head Isaias Samakuva said at a press conference in Viana, a suburb of the capital Luanda. "Are we going to allow others to be alone at the National Assembly.....
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop is undoubtedly the cause of this problem. But cocoa farming could also provide the solution. Recently, I was in Ivory Coast for the African Green Revolution Forum (AGRF) in Abidjan. It united many different parties – governments, the UN’s Food...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way and they’ve gotten ahead,” Alexandre Maymat, who oversees Societe Generale’s operations in French-speaking Africa, said at a press briefing. “We’re catching up” by redefining the retail strategy and providing a broader offering than telephone companies. Chief Executive Officer Frederic Oudea...
(AFP (eng) 09/14/17)
Angola's constitutional court on Wednesday upheld the ruling party's landslide win in last month's election which will usher in the MPLA's fourth decade in power and rejected opposition claims the poll was flawed. The ruling Popular Movement for the Liberation of Angola won 61.7 percent of the vote, and 150 of the 220 seats in parliament, the country's electoral commission said in its final results. President Jose Eduardo Dos Santos, 75, who has ruled since 1979 and is reportedly in poor health, will hand over to former...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites in Namibia and Africa. "To...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all boxing activities and responsibilities and...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(AFP (eng) 09/09/17)
Three Angolan opposition parties on Friday filed a complaint against the outcome of nationwide elections on August 23 that asserted the 42-year grip of the ruling MPLA party. Representatives from the National Union for the Total Independence of Angola (UNITA) and two smaller parties, the FNLA and PNS, lodged a request at the Constitutional Court in Luanda for the results to be overturned, AFP reporters saw. A fourth party, Casa-CE, will follow suit on Saturday, party officials said. UNITA campaign manager Ruben Sikato said electoral laws had been breached in 15 out of the country's 18 provinces. "We will recount votes, polling station by polling station, to establish the truth of the ballot box," he told reporters. On Wednesday, the...
(Xinhuanet 09/08/17)
Communication ministers from the Southern Development Community (SADC) countries vowed on Thursday to turn the region into an information and knowledge-based economy. This emerged from a ICT (information and communication technology) meeting taking place in Durban, a coastal city in southeastern South Africa. Communication ministers from 15 SADC countries have been meeting in Durban since Monday to discuss the region's ICT infrastructure. The meeting, also attended by policy regulators, implementing agencies and ICT industry players, was designed to help create a more integrated region and help move its communication systems forward. "An accessible, affordable and reliable telecommunications is essential for us to benefit from the Fourth Industrial Revolution which has the potential to leapfrog SADC region economically and socially as...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(Voice of America 09/07/17)
Angola's first new president in decades has a big job ahead of him: He inherits a nation mired in recession, plagued with corruption, and home to some of the worst income inequality seen anywhere in the world. Worse still, the falling price of oil — the nation's main cash cow — means that president-elect Joao Lourenco has limited means to dig his nation out of this difficult situation. He also starts this historic epoch in Angolan history with a credibility issue, after four of the five opposition parties challenged the official results, saying they performed better than official results indicate. However, no one disputes that Lourenco's party, the Popular Movement for the Liberation of Angola, won the largest share of...

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