| Africatime
Wednesday 26 April 2017
(AFP (eng) 11/20/16)
Above the sacks of seeds and coal, three kerosene lamps gather dust in the tiny shed that Kenyan chicken farmer Bernard calls home. He prefers to use solar energy to light up his evenings, listen to the radio or watch television, after abandoning a diesel generator he said was expensive to maintain and burned fuel too quickly. "Solar panels are a good, cheap solution," he told AFP. Across the continent, consumers are opting for their own off-grid solar solutions to power homes and small businesses, even as African governments unveil massive new solar projects seemingly every month to expand their grids. According to International Energy Agency projections, almost one billion people in sub-Saharan Africa will gain access to the grid...
(The Guardian 11/19/16)
At COP22, the African Development Bank’s president, Akinwumi Adesina, tells of strategies to improve energy supplies and fight the impact of climate change “We lose 5% of our potential GDP every year, and African industries cannot be competitive without access to electricity,” says Akinwumi Adesina, president of the African Development Bank. “I believe that’s why we can’t break away from reliance on exporting our raw materials – new industries will only go to where there’s power.” He is speaking on the sidelines of the COP22 climate change conference in Marrakech, which ends on Friday. Adesina and colleagues from the bank have been using the conference to highlight its new initiatives on energy, including the New Deal on Energy for Africa,...
(AFP (eng) 11/17/16)
African leaders met in Morocco Wednesday on the sidelines of UN climate talks to agree a joint stance to fight global warming on the continent. "Africa is paying a heavy price over the climate issue and is without doubt the continent worst affected," Morocco's King Mohammed VI told the summit attended by 20 African leaders. "These disruptions... greatly hamper Africa's development and gravely threaten the basic rights of tens of millions of Africans," he said. He said the continent needed to "speak in a single voice, demand climate justice". France's President Francois Hollande and UN chief Ban Ki-moon also attended the summit which took place alongside the COP22 climate change conference in Marrakesh. Ban said Africa was at the forefront...
(Maka Angola 11/16/16)
A much-lauded cartoon by Angola's premier pictorial satirist Sérgio Piçarra recently depicted the state of the country's economy, thanks to José Eduardo dos Santos, the country's President for the past 37 years. In his depiction, Angola has a 'Real Economy', and a 'Virtual Economy', but there is an even third one, the 'Fictitious Economy'. It's a reflection of a truth: every year the Angolan state budget (Orçamento Geral de Estado) is a mixture of the actual (real), anticipated (virtual) and the 'only on paper' (fictitious) spending for the year ahead. Now insiders say the 2017 Budget strays even further from reality than usual. One example: Angola expects to spend more than 1.7 billion kwanzas (US $6.5 million) on maintenance of...
(AFP (eng) 11/16/16)
"Don't go!" That was the heartfelt appeal to African nations as the International Criminal Court opened its annual meeting Wednesday under the cloud of a wave of unprecedented defections. Gambia on Monday formally notified the United Nations that it was withdrawing from the court, following in the wake of South Africa and Burundi. "Don't go," pleaded Senegalese politician Sidiki Kaba, the president of the ICC's Assembly of State Parties meeting in The Hague. "In a world criss-crossed by violent extremism... it is urgent and necessary to defend the ideal of justice for all," he said. The tribunal opened in 2002 in The Hague as a court of last resort to try the world's worst crimes. But in his passionate plea,...
(Forbes 11/14/16)
Africa will have 1-billion mobile subscriptions by the fourth quarter of 2016, while data use will drive the next phase of growth in Africa’s telecoms market, according to researchers Ovum. Mobile subs will reach 1.02-billion by the end of 2016 and will reach 1.33-billion by 2021, says Matthew Reed, Ovum’s practice leader, for the Middle East and Africa. “The take-up of mobile broadband will rise strongly, as operators continue to roll out 3G and 4G LTE networks and as smartphones become increasingly affordable,” says Reed. “There will be 1-billion mobile broadband connections in Africa in 2021, including 157.4-million 4G LTE connections. “Additionally, the number of smartphone connections on the continent will reach 929.9-million at the end of 2021. And non-SMS...
(AFP (eng) 11/12/16)
Across Africa, the approaching presidency of Donald Trump has provoked deep uncertainty over how the United States will pursue policies ranging from counter-terrorism and trade, to aid and climate change. Many African countries had high hopes that Barack Obama would bring transformative benefits to the continent and were left disappointed as he winds down his time in office. But Trump's rise to power poses fresh questions that reveal the lack of concrete detail on his foreign policy plans -- while the president-elect himself has seldom addressed African issues directly. One possible pointer is Trump's often repeated vow to kill "terrorists", which may lead to more aggressive US intervention against Islamist forces such as Nigeria's Boko Haram, linked to the Islamic...
(AfricaNews 11/11/16)
The United States has hailed Angola as a valued voice of peace in the Great Lakes region. This comes on the day the former Portuguese colony celebrates its 41st independence anniversary. The US congratulatory message was issued on behalf of President Obama by the Secretary of State, John Kerry. The statement read in part, ‘‘The United States deeply appreciates its strong and productive partnership with Angola. Your country has been a valued voice for peace in the region, and we applaud the leadership you have shown in helping to resolve conflicts, particularly in the Great Lakes area. In the year ahead, we look forward to continued collaboration to promote sustainable prosperity
(Macauhub 11/11/16)
The Angolan banking system for the last two years has seen a reduction of its direct Correspondent Banking Relations (CBR), which reduces its ability to handle payments for imports and remittances, the governor of the National Bank of Angola (BNA) said in Luanda. Valter Filipe, who was speaking at the opening of a round table meeting on “Correspondent Banking Relations,” attributed this to the increased demands of correspondent banks for compliance with the standards adopted by international regulators on supervision, risks of money laundering and terrorist financing and the costs incurred in customer due diligence procedures. “The closure of bank correspondence, along with the reduction in oil prices, affect the ability of banks to make payments to import food, medicines,...
(The Toronto Star 11/11/16)
Defence Minister Harjit Sajjan said Canada has committed to a three-year deployment in Africa that will be reassessed each year to ensure it has an “enduring” impact. Canadian troops headed to Africa will operate in dangerous territory where peacekeepers have been killed, says Defence Minister Harjit Sajjan. In an exclusive interview with the Star from Vancouver Sajjan said Canada has committed to a three-year deployment that will be reassessed each year to ensure it has an “enduring” impact. It will be spread among a number of unspecified African countries, have a major focus on training and increasing “capacity” of the host nation as well as other countries’ troops, and build on existing social, economic and deradicalization programs on the ground...
(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 more than South African club Mamelodi Sundowns received last month. There is an even bigger percentage increase for winners of the second-tier CAF Confederation Cup with first prize increasing from $660,000 to $1.25 million. Both the Champions League and Confederation...
(Macauhub 11/09/16)
The Angolan Minister of Economy restated Angola’s desire to have the capital and intellectual, management and technological resources from China to promote the country’s development, while speaking at the closing session of the Angola-China Investment Forum. This Forum, which on Monday and Tuesday in the Angolan capital, brought together over 450 Chinese businesspeople and many more Angolans, resulted in the signing of intent agreements and private investment projects valued at over US$1.2 billion. Abraão Gourgel, quoted by Angolan news agency Angop, said infrastructure remained Angolan government’s priority, which has a greater participation of the private sector
(Macauhub 11/09/16)
The Angola-China Investment Forum, held Monday and Tuesday in Luanda exceeded the expectations of the organising committee and participants by bringing together about 1,500 Angolan and Chinese investors against an initial forecast of just 700, Angolan news agency Angop reported. The event, which aimed to reflect on the implementation and acceleration of existing projects in Angola, as well as the signing of new contracts to attract more investments, brought together investors from the country’s 18 provinces, as well as some of the best companies in China. The Chinese ambassador to Angola, Cui Aimin, said the event was an important initiative to implement the consensus reached between the two heads of state and deepen the Angola-China strategic partnership. Cui Aimin reaffirmed...
(Macauhub 11/09/16)
Chinese entrepreneurs are expected to invest at least US$1.2 billion in agricultural, fishing, mining, industrial and construction projects in Angola, says the final statement of the Angola-China Investment Forum, held on 7 and 8 November in Luanda. The Forum was organised by the Technical Unit for Private Investment (UTIP) of the Civil House of the President of the Republic of Angola in partnership with the Chinese Ministry of Commerce. The Director of the UTIP, Norberto Garcia, reading of the statement, said that the figure is the result of the contracts signed, in terms of concrete proposals, between Angolan and Chinese businesspeople, who showed interest in investing in various sectors of economic activity in the country. In addition to these contracts,...
(Dw-World 11/09/16)
Africans across the continent followed the US presidential election with keen interest. While some fear that a Trump presidency could have disastrous consequences, others remain cautiously optimistic. Tanzania's President John Pombe Magufuli was one of the first African leaders to congratulate Donald Trump on his election victory. "Tanzanians and I assure you of continued friendship and cooperation," he wrote on his Twitter account. Burundi's controversial leader Pierre Nkurunziza - the subject of intense US and international criticism for his decision to stay in power beyond a constitutional two-term limit- followed suit. "Your victory is the victory of all Americans," he wrote on Twitter. Buzz on social media Social media platforms were abuzz with reactions just moments after the poll results...
(Mining.com 11/08/16)
It fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project. Shares in Australian Lucapa Diamond (ASX:LOM) jumped Monday after the company announced a record result from the latest sale of diamonds from the Lulo diamond project in Angola. The Africa-focused miner said it has fetched $8.3 million after selling 1,864 carats of rough diamonds, which worked out to be $4,452 per carat. The figures are the highest ever achieved for a sale of gems from the Angola mine, except from the 404.2-carat diamond sold for $16 million in February, it said. The company’s stock closed 3.4% higher at 0.455, which bring the annual gains to almost 61%. The Lulo diamond project, located 150km from Alrosa's Catoca...
(Angola Press(En) 11/08/16)
With its 1.7 million barrels of crude oil a day, well above Nigeria's 1.5 million, Angola stood in September this year, for seven running months, at the head of the African oil producing countries. The information is contained in a report from the Organisation of Petroleum Producing and Exporting Countries (OPEC). The report states that Nigeria led the African ranking in 2016 with its 1.8 million barrels a day, against Angola's 1.7 million, but recorded a drop to 1.4 million in May this year, caused by terrorist attacks, armed groups and internal political instability. Angola is faced with an economic crisis since 2014, as a result of the fall in the oil price on the world market, dropped from more...
(The Associated Press 11/08/16)
Hundreds of Chinese business executives are attending an investment forum in Angola, a major supplier of oil to China. Lusa, the Portuguese news agency, reports that Chinese entrepreneurs are looking at new business opportunities in agriculture, fisheries, construction and other areas. The forum in Luanda, Angola’s capital, ends Tuesday. Lusa says China purchases almost half of Angola’s oil production and that China surpassed Portugal, Angola’s former colonial ruler, as the Angolan economy’s leading supplier in 2015. Francisco Viana, a Luanda business leader, said there are opportunities and dangers in doing business with China. He said, for example, that he is concerned about the destruction of natural resources such as timber, which is exported to China. Angola’s economy has struggled because...
(Maka Angola 11/08/16)
When the United States warns of the risks of handing control of Angola's banks to politically exposed people (i.e. President José Eduardo dos Santos, his family members, and the Generals who back him), this is not an idle warning. It's because the USA know the President is planning to transfer control over the BFA (Banco de Fomento Angola) to his daughter, Isabel, and that once he does so, the Presidential group's control over almost the entire Angolan banking system will be in place. How so? According to African Business Magazine's list of Africa's Top 100 Banks in 2015, the five largest banks in Angola were: Banco Económico (BE - Economic Bank), Banco Angolano de Investimentos (BAI - Angolan Investment Bank),...
(Reuters (Eng) 11/08/16)
Germany on Monday pledged a 61-million-euro ($67.44 million) hike in funding for U.N. relief operations in Africa so that fewer of its people undertake perilous odysseys to Europe, which has struggled to absorb an influx of migrants since last year. The extra funding lifts Germany's total contribution to the U.N. refugee agency UNHCR to 298 million euros for 2016, Foreign Ministry officials said. Its total humanitarian budget for 2016 was 1.28 billion euros, up from just 105 million euros in 2012. Foreign Minister Frank-Walter Steinmeier announced the increase during a meeting with U.N. High Commissioner for Refugees Filippo Grandi in Berlin. Countries targeted by Germany's move are ridden by chronic conflict, disastrous climate change and poverty. Many of their citizens...

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