Monday 29 May 2017
(Business Day 05/02/17)
Russian mining company Norilsk Nickel is to sue the Botswana government to recover more than $277m, excluding damages and costs, because of "reckless trading" of state-owned Botswana Copper (BCL) and the failed sale of the Nkomati nickel mine in SA. Botswana is African country rated highest in annual mining surveys conducted by Canada’s Fraser Institute. "The government has displayed a complete disregard for the fair, frank and reasonable dealing with outsiders that BCL’s insolvent circumstances demanded," said Norilsk Nickel Africa CEO Michael Marriott. "Botswana has a reputation as one of the safest and best places to invest in the whole of Africa and it has earned
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief executive officer of Saudi Aramco’s trading unit, Saudi Aramco Products Trading Co. Owning refineries gives the unit, known as Aramco Trading Co., options for buying and selling fuel that some of its competitors don’t have. “The key is that you...
(Financial Times 04/28/17)
Russia group wants to reclaim $270m after state-backed company failed to complete deal. Norilsk Nickel, the Russian miner, is suing Botswana’s government to recover more than $270m after a state-backed mining company walked away from a deal to buy its stake in a South African mine last year. Notice of the lawsuit was served on Thursday in Gaborone, Botswana’s capital, according to two people briefed on the matter. Norilsk agreed to sell operations including its 50 per cent stake in South Africa’s Nkomati mine to BCL Group, which is owned by Botswana’s government, for $337m in 2014, later reducing its price to $271m. But BCL filed for liquidation in October last year just before the transaction was due to be...
(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 there is new hope. In the 1960s, Japanese researchers developed a drug called tranexamic acid, which works by stopping blood clots from breaking down. But they could not persuade doctors to try the drug for treating PPH. The London School...
(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 use, the consumer behaviours driving increased smartphone adoption and the role of mobile brands, mobile operators and m-commerce in creating a synergy of an enhanced customer experience. This year’s Mobile Africa Study was carried out in 15 African countries which...
(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 affect millions of people, and it will be one of the most important issues of the 21st century," he said, adding that the comprehensive approach of China means that the aspirations and development strategies of all countries involved will be...
(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 us make decisions on the wider use of this vaccine," said Dr Matshidiso Moeti, the WHO's regional director for Africa. The vaccine should be used alongside other preventative measures such as bed nets, insecticides, repellants and anti-malarial drugs, the WHO...
(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 operating in Kenya, where the London-based business sees Africa’s highest number of individual transactions. “In the next two years we should be doubling our volume every year,” Ahmed said in Kenya’s capital, Nairobi. The continent accounted for half the company’s...
(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 Partnership in Peace and Security," said Dujarric. It will be the first conference Mahamat will address with the United Nation since he was elected as chairperson of the African Union Commission. Although he had brief talks with Guterres in Addis...
(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 growth in several countries in the region, resulting in 1.4 percent growth of gross domestic product (GDP). Nigeria, the continent's most populous nation and a leading oil producer, was expected to return to growth in 2017 after a challenging 2016...
(Voice of America 04/17/17)
The Italian coast guard says it has rescued nearly 6,000 migrants on the Mediterranean since Friday, underscoring the continued flow of people along this dangerous route. A group of Africans living in Europe visited Cameroon this week to launch a campaign against illegal migration. The group is called “No More Death in the Desert or on the Sea.” Its mission is simple: to educate youth in Africa about the harsh realities of illegal migration. "We want to tell them that all the information people give them before they start their journey are wrong," said Nantcha. The group’s leader Sylvie Nantcha was born in Cameroon. She has lived in the German town of Freiburg for 25 years. She arrived as a...
(AFP (eng) 04/13/17)
Africa's Matabele ants, fierce predators of termites, rescue their wounded soldiers and bring them back to the nest where they are "treated," a new study showed Wednesday. This helping behavior for the injured is the first to be detected in the insect world, according to an article in the US journal Science Advances by a German research team at the University of Wuerzburg's Biocentre. The ants, formally known as Megaponera analis, are widespread south of the Sahara on the continent. Two to four times a day, they set out in long files on raids to kill worker termites at their foraging sites. But the attacks meet strong resistance from soldier termites guarding the worker termites, which have powerful jaws that...
(AFP (eng) 04/11/17)
El Nino, the cyclical climatic phenomenon in the Pacific Ocean, is linked to shifts in cholera cases in Africa, providing an early warning that could save lives, scientists said Monday. During the years when El Nino is warming the eastern Pacific, East Africa has about 50,000 additional cholera cases a year, new research from the Johns Hopkins Bloomberg School of Public Health suggests. By contrast, the years when El Nino is not active, there were 30,000 fewer cholera cases in East Africa, according to the study published Monday in the journal Proceedings of the National Academy of Sciences. The researchers analyzed more than 17,000 annual observations from 3,710 different locations between 2000 and 2014 in Africa, which has the most...
(Reuters (Eng) 04/07/17)
Access to off-grid solar energy in rural areas of Africa goes beyond lighting up homes - it also enables people to connect to the wider world and boosts their economic prospects, said the head of one of the continent's biggest solar companies. Azuri Technologies' entry level solar system - for which customers pay a one-off installation fee, then use scratch cards or mobile phone payments to top up on a weekly or monthly basis - provides eight hours of lighting each day. Having power at home for the first time encourages customers to also buy mobile phones, radios and televisions, giving them regular access to the media and the internet, said Simon Bransfield-Garth, chief executive officer of UK-based Azuri. "This...
(Independent Online 04/06/17)
Johannesburg - Eskom on Wednesday signed a three-year supply agreement with Botswana Power Corporation (BPC) as the power utility continues to bask in excess capacity of 4000 megawatts. Eskom said the agreement was in line with its plan to increase its electricity exports to South Africa’s neighbouring states. It said it was looking for new markets because of relatively flat electricity demand and additional capacity from its power projects. In the six months to end of September last year, Eskom’s international sales volumes increased 31.6 percent. Overall electricity sales volumes increased by 1.2 percent during the period. According to Statistics South Africa figures, electricity production grew by 0.9
(Reuters (Eng) 04/05/17)
Former U.S. President George W. Bush touted his signature aid project for Africa during a visit to Botswana on Tuesday, saying he hoped Washington would recognize its importance in saving lives threatened by AIDS. Launched in 2003 during the first Bush administration, PEPFAR, the President's Emergency Plan for AIDS Relief, is the world's largest provider of AIDS-fighting medicine and has branched out over the years to include provision of services for cervical cancer, which is linked to HIV infections in women. U.S. President Donald Trump has proposed steep cuts in the budget for diplomacy and foreign aid but his administration has so far said it will "maintain current commitments and all current patient levels on HIV/AIDS treatment" under PEPFAR. Bush,...
(Voice of America 04/05/17)
A Red Cross report says African countries are failing their internally displaced people. Reversing that trend was the subject of a high level meeting of the International Red Cross and the African Union that wrapped up Tuesday in Zimbabwe. Africa has about 13 million internally displaced people, a third of the global number of IDPs, and more than double the amount of refugees on the continent. By definition, refugees flee across a national border, while IDPs leave their homes but stay within their own country. African Union Commission head of humanitarian affairs, refugees and displaced people Olabisi Dare says the situation of IDPs in Africa is very critical, dire and worsening. "...The issues that are generating internal displacement [are] multiplying...
(AFP (eng) 04/04/17)
A strong earthquake with a magnitude of 6.5 struck the southern African nation of Botswana on Monday, US seismologists said, with the tremor felt in several neighbouring countries. The epicentre of the quake, which hit at 7:40 pm (1740 GMT), was in a sparsely populated area 238 kilometres (about 150 miles) northwest of Botswana's capital Gaborone, the US Geological Survey said. It struck at a depth of 29 kilometres, and rumbled throughout the capital for about 30 seconds, an AFP correspondent said. In a statement published on social media late Monday, the government of Botswana said no deaths had been reported.
(Financial Times 04/04/17)
Countries should develop policies to attract labour-intensive production leaving China. China’s initial wave of investments in Africa focused on natural resource extraction. Their demand for metals and energy was so large that it actually boosted global commodity prices overall, which in turn accelerated growth across the African continent. These times of China propping up global commodity prices are now over, as it has built up excess capacity in many sectors and now faces slow investment growth. This lower demand has contributed to the overall slump in global commodity prices since 2014, making it unlikely that China will again fulfil the role of driving commodity prices. Rather, its position has now shifted to becoming the largest exporter of capital. This provides...
(Botswana Daily News 04/03/17)
Maun — In an effort to control and regulate commercial fishing in the Okavango Delta, the Department of Wildlife and National Parks through the Fisheries Unit has introduced a new system where a raffle will be conducted and the winners issued with licences. An official from the Fisheries Unit, Mr Choto Choto revealed in a meeting that due to the high number of applications for commercial fishing, his department had to make an administrative decision to control the number of licences and population of fish. He said the department also took the decision to demarcate the delta into seven fishing zones and that each zone was allocated quotas. It was reported that zoning and allocation of quotas were based on...

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