Saturday 21 October 2017
(National Mirror Online 11/25/13)
In spite of the abundance of raw materials at its threshold, industrialisation in Africa, especially in Nigeria has been facing serious challenges with the continued unbridled importation of goods going on around the continent. To tackle the challenges, stakeholders are of the belief that total ban on importation of some goods would go a long way in bringing back the industries. Away from the stereotype that labour unions are mainly concerned with agitations, strikes and protests, the recently trilateral conference involving three major labour unions-the Nigeria Labour Congress, Ghana Trade Union Congress and South Africa Trade Union, gave a glimpse of their resourcefulness in addressing socio-economic issues pervading the African continent. The conference, with the theme, “Working Class Solidarity for...
(Bloomberg 11/23/13)
UBS AG (UBSN), the world’s biggest wealth manager, is targeting millionaire clients in oil-rich Nigeria and Angola as Swiss rival Credit Suisse Group AG (CSGN) withdraws from some African markets. “The amount of people on the continent that fall within our wealth-management bracket is increasing every day,” Sean Bennett, the Johannesburg-based managing director of UBS in sub-Saharan Africa, said in a Nov. 20 interview. “There’s still tons of opportunities still relatively untapped.” UBS is vying with Swiss banks from Julius Baer Group Ltd. to Pictet & Cie. for emerging market millionaires as a global crackdown on tax evasion forces European and American clients to withdraw funds. While Bennett sees potential to woo super-rich customers in Ghana, Kenya, Ethiopia, Uganda and...
(AL Jazeera 11/22/13)
The third Africa-Arab summit has concluded with leaders expressing their commitment to tackling terrorism and a call for closer economic cooperation.The Emir of Kuwait Sheikh Sabah al Ahmed al Sabah, host of this year's event, said on Wednesday, “we have a long way and hard work ahead, requiring doubled efforts, and vigorous follow up, to match the high expectations and various challenges." The Kuwait Declaration presented at the end of the two-day summit said "the leaders call for stronger ties to combat terrorism by criminalising ransom payments to terrorists and confronting transnational crime." The declaration also called for accelerating economic integration in the Arab world, which includes oil-rich Gulf States and investment-thirsty African states. Kuwait, the largest investor from the...
(Voice of America 11/22/13)
A study conducted by Results for Development Institute (R4D), revealed that out-of-school children of primary age significantly impact the economic growth of developing countries. The Washington-based NGO conducted the study in response to what they said is a worrying trend in global education. They found that there are 57 million children of primary school age who are not enrolled – with most living in sub-Saharan Africa and Southeast Asia. Milan Thomas, a program associate for R4D, stated although promising strides have been made in reducing the number of out of school children, progress has slowed down in recent years. “The benefits associated with primary education are really undisputed at this point because there are countless studies showing that children who...
(Bloomberg 11/21/13)
Ankur Varma, third officer on the oil tanker M/V Cotton, opened his cabin door at five minutes to midnight on July 14 to find two men pointing AK-47s at him. “They just pushed me into the cabin with the guns in my chest and they told me to stay silent,” Varma said in a phone interview from India. “They were threatening, they were showing the guns, pointing at us. They took everything -- everything that we had -- including clothes, toiletries, electronics.” Porters offload goods from a foreign vessel in the sea port in Mogadishu, Somalia. They also took the ship’s cargo. The Maltese-flagged vessel was carrying about 10,000 tons of fuel oil belonging to France’s largest oil company when...
(Voice of America 11/20/13)
The President of the Assembly of States Parties to the Rome Statute of the International Criminal Court (ICC) says members of the group will start a one-week annual meeting beginning Wednesday at The Hague. The Assembly of States Parties is a body that administers management oversight over the ICC. Ambassador Tiina Intelmann says high on the agenda will be a discussion on the immunity from prosecution of sitting heads of state. It’s an important issue to some members who say current leaders should not be prosecuted for crimes against humanity. “This year we will focus on how the court addresses and helps victims, also on the issue of cooperation and also on complementarity,” said Intelmann. “African states parties have asked...
(AFP (eng) 11/20/13)
KUWAIT CITY, November 20, 2013 (AFP) - Arab and African leaders ended a two-day summit in Kuwait Wednesday by calling for closer cooperation on the political and economic levels, as well as in the fight against terrorism. The leaders issued the Kuwait Declaration which called for accelerating economic integration in the Arab world, which includes oil-rich Gulf states and investment-thirsty African states. They called for the creation of a joint "Africa-Arab Financing Mechanism" to fund programmes and projects, under a plan adopted at the second summit in Libya three years ago. But there was no mention of any moves for an Africa-Arab common market, as recommended by businessmen. The Kuwait Declaration strongly condemned terrorism. It urged member states to "enhance...
(CNN 11/19/13)
(CNN) -- Tubes used to clear his lungs prevent Nelson Mandela from speaking, and he uses facial expressions to communicate with doctors and family, according to his former wife. "He remains very sensitive to any germs, so he has to be kept literally sterile," Winnie Madikizela-Mandela told South Africa's Sunday Independent newspaper in an article published Sunday. "The bedroom there [at his home] is like an ICU ward." Mandela, 95, "remains quite ill," she said, but doctors are tending to his needs at his residence in Houghton, a suburb of Johannesburg. The tubes are used to prevent infection in Mandela, who is said to be stable. "He communicates with the face, you see," Madikizela-Mandela told the newspaper. "But the doctors...
(AFP (eng) 11/19/13)
KUWAIT CITY, November 19, 2013 (AFP) - Kuwait's Emir Sheikh Sabah al-Ahmad Al-Sabah opened the third Africa-Arab summit Tuesday with a pledge to provide $1 billion in low-interest loans to African countries over a five-year period. Arab and African leaders gathered for the two-day summit in Kuwait City are to review steps to promote economic ties between wealthy Gulf states and investment-thirsty Africa. "I ordered officials of the Kuwait Fund for Arab Economic Development to provide soft loans worth $1 billion to Africa over the next five years," Sheikh Sabah announced. Thirty-four heads of state, seven vice presidents and three heads of government are attending the third Africa-Arab summit, which brings together 71 countries and organisations. The meeting is the...
(AFP (eng) 11/19/13)
WARSAW, November 19, 2013 (AFP) - Africa will need between $200 and $350 billion a year by 2070 to shore up its defences against climate change, a UN report said Monday. The $200-billion (150-billion-euro) figure is a best-case scenario, based on meeting the goal of limiting average global warming to 2.0 degrees Celsius (3.6 degrees Fahrenheit), the UN Environment Programme (UNEP) report said. It was issued on the sidelines of UN climate talks in Warsaw that are working towards sealing a global deal by 2015 to reach the 2 C target. The higher figure of $350 billion (260 billion euros) assumes warming of 3.5-4.0 C, which will cause much greater damage to Earth's climate system. "Missing the 2.0 C window...
(AL Jazeera 11/18/13)
Nelson Mandela remains in a "stable but critical" condition more than two months after doctors treating him for a lung infection sent him home to recover, the South African government said. The latest update on the anti-apartheid icon's health came after President Jacob Zuma visited Mandela at his home Monday. "The health of the former president remains much the same," the government said in a statement, noting "he continues to recover." Monday's statement was the first since September. The former South African president was still "quite ill" and unable to speak because of tubes being used to clear fluid from his lungs, ex-wife Winnie Madikizela-Mandela told the Sunday Independent newspaper. "He remains very sensitive to any germs, so he has...
(The Independent 11/18/13)
Why Africa should fight for free trade, not fair trade; for competitiveness in global markets and not kindness in consumers. Everyday there is an effort mainly in the West to save Africa from something - tyranny, impunity, poverty, disease, ignorance - whatever. Always, the savior is an institution or person from Western Europe and its off-shoots in North America. This "savior" is presented as kind, generous and altruistic. Consequently, the supposed beneficiaries need not be active participants in the efforts to save them. They are "victims" to be "helped." It was in this context that last week, I attended a presentation by researchers from the University of London on a new mantra to end poverty, "fair trade." There is a...
(Tanzania Daily News 11/18/13)
Arusha — Despite being operational for more than seven years now, the Arusha-based African Court on Human and Peoples' Rights has been under-utilized having handled only 28 petitions relating to contentious matters and five requests for advisory opinion. The court has therefore decided to make its presence felt through organising a continental conference for the media on the promotion of the court's activities. The occasion will be graced by Prof Makame Mbarawa, the Minister of Communication, Science and Technology and attended by among others, the president and other judges of the court, as well as representatives of international organizations established based in the region. According to Mr Jean- Pierre Uwanone, Senior Information and Communication Officer, the objective of the seminar...
(CNN 11/18/13)
(CNN) -- Notch this up to Swedes and another ridiculously cool, innovative design. This latest effort can be found off an African island and straightaway is placed high on that list of 'amazing hotels I wish i could get to' many travelers have. Just off the coast of Tanzania, The Manta Resort on Pemba Island has added a beautiful, other-worldly underwater bedroom to their original 16-room offering. The new 'digs' opened for business this month, designed by Swedish company Genberg Underwater Hotels. They are the brains behind the The Utter Inn, an underwater room in the middle of a Swedish lake which was also one of our 15 unusual places to spend the night. Lying approximately 250 meters offshore, the...
(AFP 11/17/13)
KUWAIT CITY, November 17, 2013 (AFP) - Arab and African foreign ministers met in Kuwait on Sunday hoping to accelerate a strategy to bolster economic cooperation, investment and trade ahead of a summit this week. The Third Africa Arab Summit on Tuesday and Wednesday will be the first meeting of its kind since 2010, when leaders met in Libya prior to the Arab Spring uprisings that toppled longstanding dictatorships there and elsewhere in North Africa and the Middle East. The one-day meeting will adopt the agenda for the summit, where leaders are expected to approve a raft of new measures to upgrade economic ties between the two regions, including the oil-rich Gulf and sub-Saharan Africa. "It is time to upgrade...
(AFP 11/17/13)
Cape Town (AFP) - South Africa's Nelson Mandela remains "quite ill" and is unable to speak, using facial expressions to communicate as he receives intensive medical care at home, his ex-wife told Sunday media. Winnie Madikizela-Mandela said the 95-year-old was not on life support but he was no longer talking "because of all the tubes that are in his mouth to clear (fluid from) the lungs". "He can't actually articulate anything" as a result, she told The Sunday Independent newspaper. "He communicates with the face, you see. But the doctors have told us they hope to recover his voice." Mandela was discharged on September 1 to his home in Johannesburg's upmarket Houghton suburb after nearly three months in hospital for...
(AFP 11/15/13)
UNITED NATIONS, November 15, 2013 (AFP) - African nations will Friday launch one of the biggest challenges yet to the International Criminal Court by forcing a UN Security Council vote on suspending the trial of Kenya's president. A resolution seeking to defer crimes against humanity charges against President Uhuru Kenyatta and Vice President William Ruto for one year is almost certain to fail through lack of support. But diplomats and justice experts say the action risks heightening tensions between the ICC and Africa. The two leaders are accused of masterminding unrest after a 2007 presidential election in 2007 in which at least 1,100 people died. Kenyatta and Ruto took office after an election this year. Ruto's trial has started, while...
(Reuters 11/15/13)
(Reuters) - U.S. military forces in Africa may lose well over a tenth - or some $40 million - from their 2014 budget, the U.S. Africa Command said on Thursday, although it saw success against militants in Somalia and Mali. The bulk of such cuts will fall on headquarters and training programs, AFRICOM commander General David Rodriguez said, most likely forcing smaller exercises. The size of AFRICOM headquarters in Stuttgart, Germany, is to be reduced by some 20 percent. The planned cuts are part of broader across-the-board U.S. spending restrictions dubbed "sequestration" and imposed after Congress failed to agree deficit reduction measures. AFRICOM - set up in 2007 to coordinate U.S. military activity on the continent - retains some 5,000...
(Voice of America 11/14/13)
A veteran U.S.-based African journalist said ending corruption in Africa is becoming more elusive because there is no incentive for government officials and others not to engage in corruption. Chika Onyeani, publisher and editor-in-chief of the New York-based African Sun Times newspaper, said part of the solution would be prosecution and lengthy prison terms for those implicated in official corruption. Onyeani was reacting to a study by the independent research firm Afrobarometer, which found that Africans are unhappy with efforts to fight corruption, and found that many still pay bribes to get basic services. The report said Nigeria, Egypt and Zimbabwe got the worst ratings, while Malawi, Lesotho and Botswana got the best. Onyeani said that while not surprised by...
(Bloomberg 11/14/13)
Royal Dutch Shell Plc (RDSA) is gearing up to sell about $15 billion of assets as Europe’s largest oil company accelerates disposals to offset the cost of projects from Australia to Canada. Asset sales will allow Shell’s net capital investment, spending on projects adjusted for acquisitions and disposals, to fall from this year’s record $45 billion, Chief Executive Officer Peter Voser said in an interview. New projects coming on stream give room to sell oil and natural gas fields, he said. While chief executive officer of Royal Dutch Shell Plc Peter Voser didn't put a figure on disposals, Shell needs to raise at least $15 billion over the next two years to meet its financial targets, according to data compiled...

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