Tuesday 17 October 2017
(AFP (eng) 02/23/17)
For the first time in Africa, researchers said Wednesday they have detected a malaria parasite that is partially resistant to the top anti-malaria drug, artemisinin, raising concern about efforts to fight a disease that sickens hundreds of millions of people each year. The discovery means that Africa now joins southeast Asia in hosting such drug-resistant forms of the mosquito-borne disease. Malaria infected more than 200 million people and killed some 438,000 people worldwide in 2015, most of them children in Africa. "The spread of artemisinin resistance in Africa would be a major setback in the fight against malaria, as ACT (artemisinin-based combination therapy) is the only effective and widely used antimalarial treatment at the moment," said lead author Arnab Pain,...
(Xinhuanet 02/22/17)
Africa Energy Indaba, the continent's premier energy event, kicked off in Johannesburg on Monday with the aim of finding solutions to the continent's energy future. The three-day conference is being attended by the governments' representatives, business and funders. The meeting seeks to unleash the continent's potential by coming up with an energy mix to develop Africa. Dr. Garth Strachan, Deputy Director General and Head of Gas Industrialization Unit in South Africa's Department of Trade and Industry said the recent discoveries of gas in Mozambique, Angola and Tanzania provides a huge opportunity for the continent. He said there is a need for the countries to work together to tap benefits from the gas for the good of the continent. Strachan said...
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in the proceedings where a judge will have to decide how much Thakkar -- described in videos posted on his foundation’s website as "Africa’s Youngest Billionaire" -- is worth. Thakkar says he has assets of 445,532 pounds ($553,000) while his wife,...
(Reuters (Eng) 02/18/17)
Four Christian priests from a Benin anti-voodoo cult were arrested and charged on Thursday for their suspected role in five deaths during prayers held last month in anticipation of the end of the world. The followers of the "Very Holy Church of Jesus Christ of Baname" died after they were instructed to seal off their prayer rooms, burn incense and charcoal and wait for the world to end, residents and a survivor told Reuters. Others were treated in hospital for severe breathing problems. The four priests were charged with manslaughter in the capital Porto Novo and were sent to prison pending trial.
(AFP (eng) 02/15/17)
The French nuclear group Areva said Tuesday a truck carrying a chemical used in the uranium fuel process had tipped over in Benin, but there was "no risk" of contamination. The accident occurred in the West African country on Sunday near Dassa, about 200 kilometres (125 miles) north of the capital Cotonou. The truck was carrying uranate, an oxide used in the process to make nuclear fuel. The chemical has "very low radioactivity", a spokeswoman for Areva told AFP. A security cordon was set up at the site, and "it was quickly determined that there was no radioactive or chemical threat from the accident, the container stayed attached to the trailer without
(AFP (eng) 02/15/17)
Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy broadly available, developing renewable power sources and increasing efficiency, the inaugural Regulatory Indicators for Sustainable Energy report said. In a survey of 111 countries, the World Bank found that through 2015 nearly 80 percent had begun to adopt policies to expand electrical grids, connecting them to solar and wind generation, and to help make electric utilities creditworthy and financially viable while keeping energy prices down. More than a third of countries, home to 96 percent of...
(Agence Ecofin 02/14/17)
Benin plans to borrow from regional capital markets about 1 trillion CFA, by issuing public securities. The decree corresponding to the move was adopted during a council of ministers held last February 1. It will help the country fund part of its CFA2 trillion budget for 2017. The issuance of securities by the Benin government this year was decided jointly with the UMOA-Titres agency (UAT) and primary dealers of approved treasury securities. The new transaction comes while Benin’s reputation in the regional financial market was impaired the nation’s inability to secure FCFA35 billion issued on Treasury bills on February 2. According to a report from the regional agency for support to issuance and securities management in WAMU, the operation organized...
(Voice of America 02/14/17)
U.S. President Donald Trump made his first phone calls to African heads of state Monday, speaking with Nigerian President Muhammadu Buhari and South African President Jacob Zuma. Nigeria and South Africa said the calls were made at the request of the U.S. president, who until now has said little about Africa or African issues since assuming office last month. The Nigerian presidency said Trump and Buhari discussed issues of terrorism, and said Trump assured Buhari the United States is ready to make a new deal to help Nigeria "in terms of military weapons." The statement said Trump also commended Buhari for the strides Nigeria is making against Islamist radical group Boko Haram, and invited Buhari to come to Washington at...
(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...
(Standard Digital 02/09/17)
Hundreds of business and political personalities yesterday attended a German-African economic summit in Nairobi, where German Minister for Economic Cooperation and Development Gerd Mueller talked about his “Marshall Plan” for Africa. The plan is “with Africa, not for Africa,” Mueller (pictured) said, stressing that it would be based on cooperation between equals rather than the principles of traditional development aid. The plan, which Mueller presented to the German parliament’s development committee on Wednesday, is based on fair trade conditions, investment and increasing aid for educational projects. One of the goals of the plan, which the German opposition received with scepticism, is to curb migratory flows from Africa to Europe. Mueller called on German companies to focus on Africa, which he...
(AL Jazeera 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route, reality proved to be grimmer than he had anticipated. Patrick and two of his male relatives, also travelling from Douala, were beaten, robbed and held captive by organised predatory groups. Finally, their tumultuous journey came to an end in Algeria,...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax said it had secured as much as $416 million in commitments for the African venture from both its own funds and partners, including the Ontario Municipal Employees Retirement System, a Canadian pension fund and CI Investments Inc., according to the...
(Xinhuanet 02/03/17)
T20 Africa Conference, the meeting for the G20 think tanks and African countries, ended on Friday in Johannesburg with a commitment to accelerate cooperation between the G20 and Africa. The three-day conference aimed to chart a course for the future cooperation between Africa and the G20. The day ended with the formulation of the communique which will be given to the current G20 chair Germany. The communique will also be the reference for further discussion between Africa and T20. T20 comprises of the G20 think tanks. Dr. Christine Hackenesch, researcher at the German Development Institute (DIE) said, "There was an agreement that there must be a continuous and sustained engagement between G20 and Africa because there is a strong dependence...
(Reuters (Eng) 02/02/17)
African leaders have backed a "strategy of collective withdrawal" from the International Criminal Court (ICC), but it came with unspecified reservations, an African Union official said on Wednesday after this week's African Union summit. The official did not give details about the strategy or the reservations, but it highlights broad antipathy towards the court among Africans who feel the ICC unfairly targets them. A document seen by Reuters before the summit proposed a co-ordinated withdrawal unless the ICC was reformed. It included a call for "regionalization" of international law, a reference to proposals for an African war crimes court. Almost a third of the ICC's 124 members are African, and a withdrawal by a large number of them would cripple...
(Reuters (Eng) 02/01/17)
Five people died from asphyxiation in Benin this weekend and several more were hospitalized after a religious cult told followers to seal themselves into prayer rooms and burn incense and charcoal, residents and a survivor told Reuters. The group, whose name in French translates as the "Very Holy Church of Jesus Christ of Baname", has thousands of adherents across the country and has stirred tensions by vehemently opposing the local voodoo culture. Its young woman leader, Vicentia Chanvoukini, known by her followers as "Lady Perfect", has proclaimed herself a god.
(Xinhuanet 02/01/17)
Newly elected senior officials of the African Union (AU) Commission, including Chairperson and Deputy Chairperson of the AU Commission, were sworn in on Tuesday at the conclusion of the 28th AU summit in Ethiopia's capital Addis Ababa. In addition to the two top officials, other officials took the oath for positions including, peace and security; political affairs; trade and industry; social affairs; infrastructure and energy; and rural economy and agriculture. The 28th AU summit also elected Alpha Conde, President of the Republic of Guinea, for a rotating chairmanship of the African Union. In his acceptance speech on Monday, Conde said, "It is with honor and humility that I accept to preside at the destiny of our Organization during the year...
(AFP (eng) 01/29/17)
Surveying his sprawling car dealership on the fringes of Benin's commercial hub Cotonou, Kassem Hijazi alternates between chainsmoking Marlboro cigarettes and puffing on a hookah. He and his colleagues don't have much else to do. There hasn't been a single customer since December, when neighbouring Nigeria banned car imports by land as part of a wave of protectionist policies that are strangling Benin's economy. "We spend our days smoking, it's our life now," Hijazi sighs, sitting in a gazebo beside his stock of thousands of cars steadily accumulating the dry winter dust. This afternoon, Hijazi -- who, like the vast majority of car dealers in Benin, is Lebanese -- called in his Beninese accountant to help close up shop. Debts...
(Xinhuanet 01/28/17)
The African Union (AU) has been endeavoring to ensure robust, resilient and long-lasting economic transformation of Africa through promotion of infrastructure and energy development on the continent, noted Elham Mahmood Ibrahim, AU Commissioner for Infrastructure and Energy. Speaking at a press conference Friday ahead of the 28th AU leaders' summit here, the commissioner said the pan-African bloc has scored achievements in its flagship projects and programs on the development of energy, transport as well as in the information and communication technology (ICT) areas, which she said are the biggest priorities in Africa's infrastructure sector. In cooperation and coordination with its regional, continental, and international partners, AU has been committed to development of infrastructure on the continent, which facilitates trade, economic...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the incident, it said. The protests come after the leaking of a draft report compiled by South Africa’s graft ombudsman that said Barclays Africa, which traded as Absa then, may have unduly benefited from state support when it bought Bankorp in...
(Xinhuanet 01/26/17)
Adopting African Continental Free Trade Area (CFTA) has been named a major task for the African Union (AU) this year as the 30th session of its Executive Council opened on Wednesday. In her remarks at the opening of the meeting, Nkosazana Dlamini-Zuma, Chairperson of the AU Commission, called for member countries' commitment to meeting the first target in Agenda 2063 of commencing the CFTA by end of 2017. She underlines the need "to do what needs to be done on the free movement of persons, so that we unlock opportunities for intra-African trade, studies, business and tourism." In her remarks at the opening of the 33rd session of the AU Permanent Representatives Committee on Sunday, Dlamini-Zuma said the AU's major...

Pages