| Africatime
Thursday 30 March 2017
(AFP (eng) 09/16/16)
Campaigning has begun ahead of an October 2 presidential election in the tiny Atlantic island state of Cape Verde, where the liberal Movement for Democracy (MPD) hopes to return its candidate to power for a second term. Incumbent Jorge Carlos Fonseca, 66, began a tour of markets in the capital, Praia, on Thursday, bolstered by landslide victories in municipal elections held two weeks ago and a general election in March. In Cape Verde, home to 500,000 people and considered one of the most democratic countries in the world, executive power lies mainly with the prime minister
(Xinhuanet 09/16/16)
Campaigns for Cape Verde's presidential elections scheduled for Oct. 2 kicked off on Thursday by all the three presidential candidates including incumbent President Jorge Carlos Fonseca. According to political analysts, Fonseca who is contesting for his second term, is the favourite candidate. He is supported by the Movement for Democracy which recorded significant electoral victories this year. Fonseca who is a constitutional lawyer, is contesting against the current vice-chancellor of Mindelo University, Albertino Graca. The latter is not supported by any particular political party. The third candidate is Jaime Joaquim Monteiro, a former freedom fighter who is running for the presidency for the second time. The incumbent president won the 2011 presidential elections with 54.3 percent of the votes cast...
(Reuters (Eng) 09/16/16)
Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy. U.S. firm Carlyle (CG.O), Standard Chartered (STAN.L) and emerging market-focused Actis have all seen a change of top executives at their Africa funds, according to these six individuals. Once seen as a beacon of growth, private equity firms expanded their business in the region just before the financial crash. A weak economy and falling currencies have now taken the gloss off a decade of 'Africa rising' optimism. Some investments by these companies have struggled in the downturn. The changes at these groups, which pool the money of pension funds...
(BBC News Africa 09/15/16)
Swiss firms have been criticised in a report for their links to the African trade in diesel with toxin levels that are illegal in Europe. Campaign group Public Eye says retailers are exploiting weak regulatory standards. Vitol, Trafigura, Addax & Oryx and Lynx Energy have been named because they are shareholders of the fuel retailers. Trafigura and Vitol say the report is misconceived and retailers work within legal limits enforced in the countries. Three of the distribution companies mentioned in the report have responded by saying that they meet the regulatory requirements of the market and have no vested interest in keeping sulphur levels higher than they need to be. Although this is within the limits set by national governments,...
(New Era 09/13/16)
Tourism, trade, free movement of Africans on the continent and intra-Africa relations were some of the issues that made up discussions between President Hage Geingob and the acting head of state of the Cape Verde Islands, Jorge Santos. Geingob was in Cape Verde on Saturday during a mandatory technical stopover to allow the plane crew to rest as per international aviation rules. Geingob and his delegation left earlier that day for the United States of America to attend the 71st session of the United Nations General Assembly. As a sign of respect and the high regard in which he holds Geingob’s leadership on the continent, Santos travelled from the capital Praia, which is 30 kilometres away, to meet him. Santos...
(Voice of America 09/13/16)
Representatives of 30 African countries have been working this week to map out ways to stop the continent’s mass rural exodus at the Forum on Rural Development in Yaounde. Emmanuel Afessi works on his desk top at Odja center in Cameroon's capital, Yaounde, where he is training 30 youths on information technologies at the center he created when he returned from the United States a year ago. "Africa needs to produce its own knowledge, its own equipment and that is why we want to train people within the continent," he said. "ICTs help close the gap between the developed and the developing world much faster than any technology including the motor vehicles. It is a large contributor to most African...
(The East African 09/10/16)
The Pan African Federation of Filmmakers (FEPACI) is seeking to raise $200 million from partners over the next two years to fund the continent's audiovisual and cinema sector. The funds will be used to establish centres of excellence in the five regions - East Africa, North Africa, Central Africa, Southern Africa, and West Africa -- and the locations will be decided by the African Council of Ministers of Culture. The money will be used to improve the quality and quantity of films, documentaries and other forms of audiovisual productions and create market channels for selling the films. The funding plan is one of the key planks of the Ambika Afrika Safari Film Festival (AASFF) to be held in Nairobi from...
(Voice of America 09/09/16)
The organizers of this week's Africa Green Revolution Forum in Kenya say the continent is well on its way to an agricultural renaissance. The forum is wrapping up with a significant boost toward that goal: a pledge of $30 billion during the next 10 years to support smallholder farmers and local African agribusinesses. The donors include African governments, businesses and development partners, many of whom have been present for the Nairobi forum. But significant challenges remain for the continent, and experts have many theories about what it will take to make Africa’s green revolution a reality. Country manager James Craske of Yara, a leading fertilizer manufacturing company in Africa, said quality seeds and fertilizer would make a difference. “I think...
(AFP (eng) 09/06/16)
Cape Verde's opposition leader Janira Hopffer Almada submitted her resignation on Monday, a day after the liberal Movement for Democracy (MFD) clinched a landslide victory in municipal elections. The MFD won 19 of 22 constituencies, according to official results published on Monday, while the main opposition African Party for the Independence of Cape Verde (PAICV) took two, in a vote widely seen as a key indicator for a presidential election next month. The MFD only ousted the PAICV from power after 15 years in a general election in March, but has long enjoyed a majority in the municipalities. Its sights are now set on October 2, when MFD candidate Jorge Carlos Fonseca hopes to win a second term in power...
(AFP (eng) 09/05/16)
Cape Verde's liberal Movement for Democracy (MFD) looked ready to cement its hold over the Atlantic island Sunday after provisional results indicated a landslide victory in municipal elections seen as a key indicator for a presidential vote next month. More than 360,000 Cape Verdians turned out to vote across the 22 municipalities of the archipelago, which is one of Africa's most stable democracies. The MFD had taken 19 constituencies by 2305 GMT, or 86.4 percent of the vote, according to provisional results issued by the election commission. The beleaguered African Party PAICV took just two, lower than expected, with 9.1 percent of votes, while an independent took one (4.5 percent). The MFD only ousted the African Party for the Independence...
(AFP (eng) 09/04/16)
As Gabon is rocked by violence following the contested re-election of President Ali Bongo, experts says electoral fraud in Africa is becoming harder, thanks to civil society vigilance and spread of mobile technology. Opposition leader Jean Ping on Friday declared himself the rightful president of Gabon and called for a recount, following Bongo’s claim of victory with a razor-thin margin of just under 6,000 votes in the August 27 election. But recent elections in Nigeria, Ivory Coast, Benin and Burkina Faso have all been held largely without dispute, overseen by engaged citizens who assured careful monitoring of the process, said Mathias Hounkpe...
(AFP (eng) 08/27/16)
Japan will pour $30 billion (27 billion euros) in investment in Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in Nairobi. "When combined with the investment from the private sector I expect the total real amount to be $30 billion," Abe said at the opening of the Tokyo International Conference on African Development (TICAD). "This is an investment that has faith in Africa's future," he said. Abe will use the conference to meet dozens of leaders from across Africa, among them Kenya's President Uhuru Kenyatta and South Africa's Jacob Zuma. It is the first time that the TICAD conference is being held in Africa, with all five previous events...
(AFP 08/19/16)
Maps, road signs, sat navs, Google maps -- it all makes travelling so easy. But how do you get around in a city with few street names, where buildings have no numbers? "Cross 'Death Junction' then after about 500 metres on the left, you'll see a curtain seller. Go up the path until you see a black building -- that's where I live," says Judith Koumis, giving directions to her home in Yaounde, the Cameroon capital. "It's easy," she says, forgetting, like everyone else, that "Death Junction" has an official name -- Friendship Junction. In this west African country, like many other places on the continent, getting around town can be something of a puzzle without a firm grasp of...
(AFP (eng) 08/16/16)
West African troops who have provided security to the unstable west African state of Guinea-Bissau will pull out within a year, a top official for the ECOWAS regional bloc said Monday. The troops were deployed in May 2012 following one of the nation's many coups and have since served with a mandate to protect public figures and institutions. "That's four years now. The contingent cannot stay in Guinea-Bissau forever. It's costing us a lot, and more and more often the head of state has asked me to organise the demobilisation," said Marcel Alain De Souza, the head of the ECOWAS Commission. "That's what we are working on, to extend our stay for a year so that the security situation can...
(The Wall Street Journal 08/09/16)
Deal would mark South African furniture retailer’s entry into U.S. market. Steinhoff International Holdings NV, Africa’s retailing giant but little-known outside the continent, has made its first foray into the U.S., agreeing to pay $2.4 billion for Sleepy’s owner Mattress Firm Holding Corp. Steinhoff, a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s IKEA” for its home furnishing retail chains. Until recently, it had trained its sights on expansion in Europe, from Germany and Switzerland to Poland and Bulgaria, and Australasia. Last month, it agreed to pay £597 million ($793.77 million) for British retailer Poundland Group PLC, which sells most of its goods for a pound, or about $1.31 at today’s rates. The company said on...
(The Associated Press 08/06/16)
The World Health Organization and its partners shipped more than 6 million yellow fever vaccines to Angola in February to quash an emerging epidemic, yet when they asked country officials the following month what happened to the vaccines, they discovered that about 1 million doses had mysteriously disappeared. Of the shipments that did make it to Angola, some vaccines were sent to regions with no yellow fever cases, while others arrived at infected areas without syringes. In neighboring Congo, some vaccines weren't always kept cold enough to guarantee they would be effective. This lack of oversight and mismanagement has undermined control of the outbreak in Central Africa, the worst yellow fever epidemic in decades, an Associated Press investigation has found...
(Reuters (Eng) 08/05/16)
In an expanse of sand 60 miles (100 km) north of Senegal's capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa. In less than a year, says developer Senergy PV SA, this shrubby lot will be covered with 96,000 gleaming solar panels from China, injecting up to 30 megawatts into the grid. It is an attractive prospect for a nation with a dire power deficit, and which currently meets most of its needs by burning imported oil in hugely inefficient diesel generators. "The context is favorable," Karim Ndiaye, investment director at French private equity firm Meridiam, which bought out the original Senergy company in...
(Voice of America 08/04/16)
On the eve of President Barack Obama’s 55th birthday, he was greeted in song with "Happy Birthday" Wednesday by about a thousand participants at this year’s Young African Leaders summit in Washington. Obama launched the Young African Leaders Initiative (YALI) six years ago to support an emerging generation of young African entrepreneurs, activists and public officials. Its flagship program, the Mandela Washington Fellowship, began two years ago with the goal of empowering young Africans through academic coursework, leadership training and networking. "Today's Africa is a place of unprecedented prosperity and opportunities," Obama told the excited crowd, noting that he'd visited sub-Saharan Africa four times, more than any other U.S. president. During his time as president, Obama said, "I've worked to...
(Reuters (Eng) 08/03/16)
Barclays is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50% and strengthen the UK parent bank's capital. A lock-up period following a previous share sale expires on Tuesday, and Barclays is expected to sell more stock in Barclays Africa as part of its plan to deconsolidate the business. Barclays CEO Jes Staley, who took over a year ago, decided in March to sell down the stake in its African operations because the bank's 62% ownership meant it had to fully allocate capital to the business, but got less than two-thirds of its profits. The bank sold a 12.2% stake on May 4,...
(Voice of America 07/30/16)
The president of the African Wildlife Foundation has called on African governments to urgently address the issue of poaching, which he said is depriving the continent of its resources. But Zimbabwe says the international ban on the sale of ivory — which was imposed to discourage poaching — is hurting its interests. Winding up a five-day visit to Zimbabwe on Friday, Kaddu Sebunya said poaching is depleting Africa of its vital natural resources in the same way the slave trade once did. He said animal populations are dropping rapidly around the continent. “We have been losing an average of 30,000 elephants annually. Many African countries in the last 20 years have lost all their rhino population. All. Zero left. It...

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