| Africatime
Wednesday 26 April 2017
(AFP (eng) 01/13/17)
France's top diplomat Jean-Marc Ayrault struck a defiant tone at a summit on Friday with foreign ministers from across Africa as he urged them to show confidence and hope despite the deadly jihadist threat. With the battle against extremists, the struggle to improve governance and the migrant crisis high on the agenda, ministers from at least 30 nations met in Mali's capital Bamako ahead of heads of state due on Saturday. Mali called on France four years ago to help force jihadists out of key northern cities. To this day, 4,000 French troops remain in the country and across the Sahel region. "(Choosing) Bamako as the venue is an act of confidence after the intervention," Ayrault told journalists as the...
(AFP (eng) 01/13/17)
Talks gathering some 30 African states and France begin in Mali's capital Bamako on Friday, with leaders expected to focus on Africa's battle against jihadists and bid to improve its democratic record. The summit, also due to take in the migrant crisis, will see foreign ministers gather first, with heads of state expected to follow Saturday, according to Malian and French conference organisers. Many of the nations taking part were once ruled by France, which in recent years has boosted its military involvement in the continent. Several English-speaking African countries will also be present. In a bid to help crush the growing jihadist threat, France has trained more than 20,000 African soldiers every year since a Paris summit in 2013,...
(International Business Times 01/11/17)
Nigeria may have just reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria's 1.5 million barrels per day, in September 2016, for seven straight months. According to the December 2016 Monthly Oil Market Report (MOMR) of the OPEC, crude oil production from Nigeria went a notch above that of Angola even before the start of 2017 as per the planned production cut agreed by OPEC and non-OPEC producers. Angola would be expected to cut about 78,000 barrels per day of its production in the agreement that was sealed at the end of 2016. But as reported by secondary...
(AFP (eng) 01/10/17)
Iraq's oil minister called Tuesday for Angolan energy firm Sonangol to resume work at fields south of Mosul where the Islamic State group had set wells alight, sparking months-long infernos. Iraqi forces recaptured the Qayyarah and Najmah fields last year, but oil wells have burned long after IS was pushed back, blanketing areas for miles around in a haze of smoke. Oil Minister Jabbar al-Luaibi "called on Angolan company Sonangol to resume work in developing the Qayyarah and Najmah fields in Nineveh province," the oil ministry said in a statement. Luaibi made the call during a meeting with Sonangol executive administrator Edson dos Santos, and requested that work be resumed at the two fields by the end of next month,...
(AfricaNews 01/10/17)
Angolan state oil company Sonangol has cut output by 78,000 barrels per day to (bpd) to 1.673 million bpd as part of an OPEC agreement to lower supply from Jan. 1. The announcement by Sonangol follows a deal reached by OPEC members to reduce production by 1.2 million barrels a day from January in a bid to reverse a slump in global oil prices. The deal comes into effect despite Angola’s dire economic straits caused by a slump in crude oil prices. Angola is Africa’s largest oil producer—having recently overtaken Nigeria, whose production has dropped due to a resurgence of Niger Delta militancy. The southern African nation is reeling from low oil prices, with oil comprising about 45 percent of...
(Eye Witness News 01/10/17)
Angola’s department of hygiene says a French tourist left Angola after being diagnosed with Zika two months ago. Angolan health officials say they have recorded the country’s first two cases of Zika in a French tourist and a resident in the capital of Luanda. In November, the World Health Organisation announced the virus no longer posed a global public health emergency after the outbreak in 2015. Angola’s Department of Hygiene says the French tourist left Angola after being diagnosed with Zika two months ago. The Angolan patient was diagnosed last week. At least 1.5 million people have been infected with Zika, mainly in Brazil, and more than 1,600 babies have been born with microcephaly. Nompumelelo Ngubeni
(Huffingtonpost 01/10/17)
And it’s ironic given the growing consensus that Beijing is the U.S. president-elect’s enemy number one. Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China. The election of Donald Trump has introduced a new era of uncertainty in global politics, especially in Africa where the president-elect has said little about his foreign policy agenda for the continent. Not surprisingly, Trump’s unpredictable, provocative style is sparking widespread concern across the continent as to whether the United States plans to remain engaged in...
(AFP (eng) 01/09/17)
Angolan health officials said Monday they had recorded the country's first two cases of the Zika virus, a French tourist and a resident in the capital Luanda. The World Health Organization in November announced that the Zika virus no longer posed a global public health emergency after an outbreak centred on Brazil erupted in 2015. The French tourist left Angola after being diagnosed with Zika two months ago, said Eusebio Manuel, head of the department of hygiene, without further details. "The second case concerns an Angolan patient who lives in Luanda and was diagnosed last week," he said, adding that the patient was still hospitalised. Zika causes only mild symptoms in most people, but pregnant women with the virus risk...
(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 in brackets with W denoting a win, D a draw and L a loss): FAVOURITES Egypt (WWW) Back among the elite and in good form. After winning three consecutive Cup of Nations titles, they failed to qualify for the past...
(Agence Ecofin 01/06/17)
Indian firm Aaviskaar Venture Management Services (AVMS) has announced plans to raise between $100 million and $150 million for Africa investments. “We will start the fund-raising around the middle of 2017 and we expect to close it in 2018,” said Vineet Rai, founder of Intellecap-Aavishkaar group. The new African fund will focus on investing on African low-income groups, especially in the agriculture, finance and financial technology sectors. “We will use the sow-tend-reap strategy of multiple round investing and will be an early investor,” Rai told local Indian media Regions targeted are West and East Africa, especially Kenya, Ethiopia, Nigeria, Rwanda, Tanzania and Ghana. Investments will range from half a million to $5 million. The investment firm’s expansion strategy in Africa...
(AFP (eng) 01/04/17)
Italy vowed Wednesday to increase deportations of migrants whose asylum requests have been rejected, after a riot in a reception centre sparked by the death of a young woman. The country, which has been on the frontline of migrants arriving across the Mediterranean from North Africa, is pushing for an agreement with Niger and a renewed deal with Tunisia to facilitate returns. "We have saved many lives but we cannot accept rule-breaking. We need to speed up deportations," Foreign Minister Angelino Alfano, the country's former interior minister, said in an interview with La Stampa daily. He was "working to tie up agreements which will reduce arrivals and prevent departures" from the coast of North Africa, he said after a record...
(The Wall Street Journal 01/03/17)
The ruling party has tapped the current defense minister to succeed José Eduardo dos Santos. This upmarket new suburb on the edge of Angola’s capital stands as a ghostly monument to the challenges facing one of Africa’s biggest oil producers as it braces for its first political transition in almost four decades. Dozens of gated communities sit mostly empty, gathering dust. They were built during the first half of this decade for a middle class that never materialized and a foreign elite that largely packed up and left when a dizzying oil-price boom went bust in 2014. In glitzy shopping malls, stores that haven’t already closed struggle to stock their shelves, as a free-falling local currency and dollar shortages batter...
(Macauhub 01/03/17)
The national currencies of Angola and Mozambique are among the ten most depreciated currencies over 2016, with the kwanza falling almost 20% and the metical losing more than 30%, according to financial news agency Bloomberg. The currencies of Angola and Mozambique, the two largest Portuguese-speaking countries in Africa are among the ten worst, only surpassed by the currencies of Nigeria, Venezuela, Suriname and Egypt, in the case of Mozambique, which experienced a devaluation of 33.2%. Angola, whose kwanza depreciated by 18.9% over the last twelve months, performed slightly better than Mozambique, ahead of the currencies of Mongolia, the Congo and Sierra Leone. Angola and Mozambique are facing a significant economic downturn due to the fall in commodity prices, particularly oil,...
(Macauhub 01/03/17)
Angola’s Viana Industrial Development Hub in 2016 received more than US$300 million in investments in the construction, expansion, modernisation and equipping of industrial infrastructure, according to data compiled by news agency Angop. The agency added that the beverage industry, engineering units and for production of food and construction materials, as well as fish farming, were sub-sectors that attracted the most investment. Beverage company Refriango, for example, invested US$50 million in building a “Tigra” brand brewery, with an initial production capacity of 50 million litres per year, which is located in the company’s industrial complex. The Viana hub in the last quarter of 2016 became the location of the new Auto-Sueco Angola and Automaquinaria, which are part of the Nors group,...
(BBC News Africa 01/03/17)
An electricity grid for the whole village Problem: A total of 1.3 billion people worldwide currently don't have electricity, according to Yale Environment 360. Getting people in rural areas on to the national grid is proving too difficult and traditional solar panels generate meagre amounts of energy. Solution: Steamaco makes solar and battery micro-grids which can work for a whole village. They are small electricity generation and distribution systems that operate independently of larger grids. How it works: Micro-grids are nothing new. The new part is that Steamaco's technology automates the regulation of electricity. So, if the system detects there will be a surge in demand for electricity, for example on a Saturday night when people want to start playing...
(Voice of America 12/30/16)
2016 was predicted to be a tough year for African economies, and it delivered. Traditional economic leaders faltered this year amid a storm of falling commodity prices, unpredictable and destructive weather like droughts and floods across large swaths of the the continent. Slow economic growth in China, a major investor and trading partner, only added to their challenges. “This year, you’ve seen the two Africas: the commodity exporters going through tough times, while the non-commodity exporters being more resilient,” Nigerian economist Nonso Obikili, who researches Nigerian and sub-Saharan economic trends for Economic Research Southern Africa, told VOA. He says 2016 has been hard on African commodity giants as oil prices fell to lows not seen since the global financial crisis...
(AFP (eng) 12/29/16)
French border police intercepted 45 African migrants who were trying to enter the country from Italy and arrested the two smugglers involved, local prosecutors said Wednesday. Travelling in two vans, 25 migrants in the first vehicle were stopped while 20 in the second breached a checkpoint at Montgenevre in southeastern France, before later being found. According to the prosecutor's office, the migrants were returned to the border and the two smugglers are to be tried in Italy.
(AFP (eng) 12/28/16)
Its lower cost has made it popular in commercial food production, but after being blamed for deforestation in Asia, palm oil plantations are now getting a similar rap in Africa. The sheer scale of land required is having an impact in Gabon, Cameroon and the Congo Basin, environmentalists say. With financing coming from American, European and Asian agri-businesses, palm bunches are cultivated then cut from trees and sent to factories where oil is extracted by hot pressing. But the production process accelerates deforestation, contributes to climate change and threatens fauna and flora in vulnerable areas, opponents argue. However the companies say that palm oil is not only less expensive than soya or sunflower oil but requires much less land to...
(The Herald Online 12/27/16)
The end of 2016 provides an opportunity to take stock of Africa’s recent economic performance and future prospects. It’s been a tumultuous year for some African countries largely due to a commodities crisis and a global economic slowdown.Yet there were still pockets of good growth which displayed the huge potential of the African continent. And 2017 looks to be the year the countries hardest hit by the crisis seek to recover from the economic reversals of the past few years. Since the start of the new millennium average economic growth across Africa has been stronger than the global growth rate. Growth across the continent averaged 5 percent. This fuelled the “Africa Rising” narrative that permeated public discourse. Among the growth...
(Reuters (Eng) 12/24/16)
A record 5,000 migrants are believed to have drowned in the Mediterranean Sea this year, following two shipwrecks on Thursday in which some 100 people, mainly West Africans, were feared dead, aid agencies said on Friday. Two overcrowded inflatable dinghies capsized in the Strait of Sicily after leaving Libya for Italy, the International Organization for Migration (IOM) and the U.N. refugee agency UNHCR said. "Those two incidents together appear to be the numbers that would bring this year's total up to over to 5,000 (deaths), which is a new high that we have reported during this crisis," IOM spokesman Joel Millman told a Geneva briefing. The Italian coast guard rescued survivors and had recovered eight bodies so far, he said...

Pages