Friday 23 February 2018
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(APA 08/24/17)
Pan-African banking group Coris Bank International (CBI), based in Ouagadougou Burkina Faso, posted a net profit of 10.073 billion CFA in the first half of 2017, officials told APA Wednesday. This result is up by 22.6 percent compared to the first half of 2016. The balance sheet total stands at 1021 billion CFA, net banking income at 22.7 billion CFA, while gross operating income stands at 15.4 billion CFA. These results foreshadow good prospects for CBI, which had realized a profit of about 16 billion CFA in 2016. Coris Bank is considering another capital increase by September 2017. CBI was the third company in Burkina Faso to enter the Abidjan Regional Stock Exchange (BRVM) in 2016, after Onatel owned by...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(APA 08/21/17)
Hundreds of people marched silently Saturday in Ouagadougou, following last Sunday’s terrorist attack on the Aziz Istanbul Restaurant (in the heart of the Burkinabe capital), in which 18 people were killed. According to the organizers, it is a patriotic activity to “say no to terrorism, to show compassion to the grieving families, to wish a speedy recovery to the wounded and to salute the bravery of Burkina Faso’s Forces of Defense and Security (FSD).” It is also an opportunity to “magnify the dedication and self-denial of the hospital staff, who have mobilized since the terrorist attacks to save lives and reaffirm the love of the people for their homeland.” Trade union leaders, civil society organizations (CSOs), religious communities and political...
(APA 08/21/17)
Burkina Faso’s National Assembly Speaker, Salifou Diallo has passed away on Saturday in the French capital Paris, Marc Christian Kabore has announced. “It is with deep sadness that I learned of the death on Saturday of Mr. Salifou Diallo, the Speaker of the National Assembly. In this painful circumstance, I have a thought for the family of the distinguished Mr. Salifou Diallo and all his afflicted relatives,” President Kabore wrote on his Tweeter account. After undergoing medical care in Tunis, Salifou Diallo flew to Paris for a break and was expected to return to Ouagadougou this Saturday, according other sources in the country’s capital. Born on May 9, 1957 in Ouahigouya, Burkina Faso, Salifou Diallo holds a PhD in international...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...
(The Associated Press 08/18/17)
The scene was all too familiar: Islamic extremists striking a popular dining spot while dozens of patrons, many of them foreigners, took a break from daily life in Burkina Faso. Victims were gunned down at random. Gunfire rang out for hours as special forces worked to secure the scene. After Sunday night’s deadly attack on Kwame N’krumah Avenue, some in this West African nation are wondering: How could this happen again only 200 meters (yards) away from the first massacre in January 2016? And why is the capital no safer? “There are no words to explain our anger and despair,” said Ousseni Tanagda, whose job selling phone credit has suffered since the 2016 attack on a popular cafe. “I was...
(Reuters 08/18/17)
OUAGADOUGOU (Reuters) - A roadside bomb in northern Burkina Faso on Thursday killed three soldiers and wounded two, the military said. They did not say who was behind it, but Islamist militants are waging a sporadic campaign to destabilise the region and the attack followed a shooting spree by suspected jihadists in a popular restaurant in the capital Ouagadougou on Sunday. That killed 18 people, most of them foreign nationals. Colonel Fofana Lamoussa, an officer of the national order, said Thursday's attack involved a vehicle on patrol with a military detachment in Djibo that was hit by an improvised explosive device. "This explosion caused the deaths of three soldiers and injuries of two," he said in a statement on Friday...
(APA 08/18/17)
Four employees of the restaurant Aziz Istanbul which was attacked by terrorists on 13 August in Ouagadougou said they saved their lives by hiding in an empty container for almost six hours. Noellie Yameogo, a cleaner at the Aziz Istanbul, located along the Kwame N'Krumah Avenue in the heart of Ouagadougou, will recall the night from 13 to 14 August for the rest of her life. She is one of the survivors of the terrorist attack at her workplace, and three days after the tragedy, she still speaks with great emotion. Yameogo and three of her colleagues, including a man (the restaurant cook) were saved by the container placed at the back of the restaurant. "That day I was eating...
(Bloomberg 08/18/17)
Germany will train soldiers from Burkina Faso to help the West African nation combat a surge in terrorism, according to government officials. The announcement comes days after gunmen killed 18 people and injured 22 in an attack on a restaurant in Burkina Faso’s capital, Ouagadougou, the second assault in the city center in less than two years. A West African force is gearing up to fight militancy in the region, with Mali, Burkina Faso, Niger, Chad and Mauritania pledging soldiers for the unit. “Germany is engaged in Mali in the training of its forces, and we decided to enlarge it to the Burkinabe and they accepted,” Parliamentary State Secretary in the German Defense Ministry, Ralf Brauksiepe, said in Ouagadougou on...
(Bloomberg 08/18/17)
Islamist militant attacks in West Africa are increasing in intensity. High-profile strikes on resorts and restaurants that have shattered the area’s tourist industry get most of the attention. Yet barely a week goes by without a deadly incident in a remote rural zone where some of the world’s poorest people live. Instability in the region affects Europe because it benefits organized crime networks which are engaged in the smuggling and trafficking of migrants to the shores of Italy. 1. What’s the source of the trouble? Mainly continuing instability in Mali and, further afield, in Libya, where turmoil has opened up smuggling routes and access to weapons. A French military intervention in 2013 dealt a heavy blow to jihadist groups that...
(RFI(EN) 08/17/17)
French President Emmanuel Macron has called for the swift launch of a five-nation African anti-terror force following Sunday's murderous attack on a restaurant in Burkina Faso's capital, Ouagadougou. Macron spoke by phone to Burkina Faso's President Roch Marc Christian Kaboré on Monday after 18 people were killed and about 10 injured in the attack on a Turkish restaurant frequented by foreigners. He expressed France's solidarity "in this new ordeal faced by Burkina Faso" and repeated his intention to deepen contacts between the two countries, a statement by the French presidency said. The pair discussed efforts to identify the victims and the authors. French prosecutors have opened an terrorism investigation after one of the victims was identified as being a French...
(RFI(EN) 08/17/17)
Jihadi attacks in Mali and Burkina Faso overshadowed Tuesday's UN Security Council meeting, which discussed efforts to establish peace in Africa. Delegates were mulling plans to roll out an all-African force in the Sahel to tackle the armed Islamist threat, but the plan has been beset by challenges. The Security Council condemned Monday's attacks on two UN camps in Mali, which resulted in the deaths of one UN peacekeeper, a Malian soldier and a member of the Malian gendarmerie, along with six Malian contractors. “The Secretary-General stresses that attacks targeting United Nations peacekeepers may constitute war crimes under international law,” a spokesperson for UN Secretary-General António Guterres said in a statement. The day before, gunmen killed 18 people in an...
(APA 08/17/17)
Aziz Istanbul Restaurant in Ouagodougou is still struggling to resume brisk business two days after it was targeted in a terrorist attack which killed 18 people. A reporter of the African Press Agency on Wednesday witnessed far from brisk business in the restaurant along the Kwame Nkrumah Avenue in the he Burkinabe capital where people are slowly beginning to go about their normal business. However, on the other side of the avenue opposite the restaurant, business activity is picking up with banks and shops open ...
(The Associated Press 08/16/17)
The scene was all too familiar: Islamic extremists striking a popular dining spot while dozens of patrons, many of them foreigners, took a break from daily life in Burkina Faso. Victims were gunned down at random. Gunfire rang out for hours as special forces worked to secure the scene. After Sunday night’s deadly attack on Kwame N’krumah Avenue, some in this West African nation are wondering: How could this happen again only 200 meters (yards) away from the first massacre in January 2016? And why is the capital no safer? “There are no words to explain our anger and despair,” said Ousseni Tanagda, whose job selling phone credit has suffered since the 2016 attack on a popular cafe. “I was...
(The Associated Press 08/16/17)
OUAGADOUGOU, Burkina Faso (AP) — Hours after suspected Islamic extremists opened fire as patrons dined at the popular restaurant where she worked as a waitress, Amy Sawadogo was still wandering around barefoot at a crisis center asking about her colleagues. “I just want to go to the hospital and see who is still alive,” the distraught young woman, who was still dressed in her uniform, said early Monday. “I am calling them in vain, no response.” The death toll rose to 18 and authorities said many of the victims were children dining with their families on a Sunday night at the Aziz Istanbul restaurant when horror struck once again in Burkina Faso’s capital of Ouagadougou. At least 22 people were...
(The Associated Press 08/16/17)
Suspected Islamic extremists opened fire at a Turkish restaurant in the capital of Burkina Faso late Sunday, killing at least 18 people in the second such attack on a restaurant popular with foreigners in the last two years. There was no immediate claim of responsibility for the violence, which continued into the early hours Monday. Gunfire could be heard almost seven hours after the attack began. Communication Minister Remi Dandjinou told journalists that at least 18 people were dead and eight others wounded, according to a provisional toll. He said two of the attackers were also killed. The victims came from several different nationalities, he said. At least one of the dead was French. Security forces arrived at the scene...
(AFP (eng) 08/14/17)
The "terrorist" attack on a restaurant in Burkina Faso killed at least 18 people including eight foreigners and seven locals, the country's foreign minister Alpha Barry said Monday. The foreigners killed in Sunday's attack included one Frenchman; one Canadian woman; male victims from Senegal, Niger, Lebanon and Turkey; and two Kuwaiti women, while three victims remain unidentified, he said.

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