Côte d'Ivoire | Africatime
Wednesday 22 March 2017

Côte d'Ivoire

(AFP (eng) 03/21/17)
Former Belgium coach Marc Wilmots has been appointed to lead Ivory Coast's World Cup qualifying bid, the country's football authorities said on Tuesday. Wilmots, 48, is one of an elite band of players to have played at four World Cups, and also led Belgium into the 2014 World Cup during his stint as coach with them between 2012-2016. One of Africa's big guns and a regular World Cup qualifier, Ivory Coast flopped badly at the defence of their continental title at African Cup of Nations in February crashing out in the first round. Then coach France's Michel Dussuyer was sacked and replaced by a caretaker coach Ibrahim Kamara, who last week unveiled a vastly changed...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses with hooves chopped off are...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(AFP (eng) 03/17/17)
Yaya Toure would consider a shock move to Manchester United if he leaves Manchester City at the end of the season, according to the Ivory Coast midfielder's agent. Toure is out of contract once the current campaign is over and his representative Dimitri Seluk has started talks with interested clubs. The 33-year-old has had a stormy relationship with City boss Pep Guardiola and was surprisingly left on the bench for his team's Champions League last 16 second leg defeat at Monaco on Wednesday. Toure hasn't been offered a new contract by City and the former Barcelona star would even consider becoming one of the few
(AFP (eng) 03/17/17)
Major chocolate makers, including Ferrero, Nestle and Mars, agreed Thursday a landmark initiative to tackle deforestation in top cocoa producers Ivory Coast and Ghana -- a move hailed by Prince Charles. Twelve cocoa and chocolate companies agreed to "a statement of collective intent" committing them to work to end deforestation and forest degradation in the global cocoa supply chain, with an initial focus on the two west African nations, the industry announced following a London meeting hosted by the British heir to the throne. "The agreement... commits the participating companies to develop and present a joint public-private framework of action to address deforestation" at UN climate talks in November, said a joint
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Xinhuanet 03/16/17)
Morocco and Cote d'Ivoire have called for sustainable and inclusive political solutions for crises facing Africa, a final statement issued following Morocco's King Mohammed visit to Cote d'Ivoire said. The King and Ivorian President Alassane Ouattara reiterated their will to see a more united and solidarity-based Africa, capable of fighting efficiently and victoriously against the new forms of criminality, namely terrorism, cybercrimes, sea piracy and drug trafficking, according to the statement carried by the official MAP news agency on Wednesday...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(AFP (eng) 03/14/17)
A year after a jihadist attack bloodied the sands of Ivory Coast's popular beach resort Grand-Bassam, killing 19 people, national leaders and locals marked a solemn anniversary Monday vowing to stand firm against the threat of terrorism. Hundreds of mourners wearing white joined in the day of remembrance to honour the victims of the assault, which was claimed by Al-Qaeda in the Islamic Maghreb, marking the first attack of its kind in the west African state. Their silent march led...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(Bloomberg 03/13/17)
Tumbling cocoa prices and unscheduled payments to civil servants and mutinous soldiers in the past two months could widen Ivory Coast’s budget deficit and curb growth this year. Cocoa prices have fallen by more than a third after reaching a six-year high in July, denting revenue for the world’s biggest producer of the chocolate ingredient. This year the West African country’s government has tried to defuse military and social unrest by agreeing to pay bonuses to soldiers and making some...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Agence Ecofin 03/09/17)
The Ivorian Human Rights Association (RAIDH) last Friday in Séguéla, North-West of Cote d’Ivoire, organized a workshop to explain the 23 Dec. 1998 Act on Rural Land, reports Agence Ivoirienne de Presse. Targeting community leaders of Séguéla, the workshop provided information regarding the bases of land ownership rule which now states that only Ivorian nationals are to own a land. The rule is however beneficial to only those who have their deeds regularized. “The rule, adopted in January 1999, recognizes customary rights which must be made formal through the acquisition of a land certificate, a document that grants temporary ownership of a land
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(Xinhuanet 03/07/17)
The Soubre hydroelectric dam, the largest of its kind in Cote d'Ivoire and being built by a Chinese company, has entered its final stage of construction before officially initiating electricity generation later in the year. The dam constructed by PowerChina is in the process of "impoundment," a technical operation of gradually closing the floodgates' valves so as to allow water levels to rise, explained Ballet Maxime, head of mission of Cote d'Ivoire's CI-Energies. The assistant to the Soubre project manager...

Pages

(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses...
(AFP (eng) 03/17/17)
Major chocolate makers, including Ferrero, Nestle and Mars, agreed Thursday a landmark initiative to tackle deforestation in top cocoa producers Ivory Coast and Ghana -- a move hailed by Prince Charles. Twelve cocoa and chocolate companies agreed to "a statement of collective intent" committing them to work to end deforestation and forest degradation in the global cocoa supply chain, with an initial focus on the two west African nations, the industry announced following a London meeting hosted by the British heir to the throne. "The agreement... commits the participating companies to develop and present a joint public-private framework of action to address deforestation" at UN climate talks in November, said a joint
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/14/17)
A year after a jihadist attack bloodied the sands of Ivory Coast's popular beach resort Grand-Bassam, killing 19 people, national leaders and locals marked a solemn anniversary Monday vowing to stand firm against the threat of terrorism. Hundreds of mourners wearing white joined in the day of remembrance to honour the victims of the assault, which was claimed by Al-Qaeda in the Islamic Maghreb, marking the first attack of its kind in the west African state. Their silent march led...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Agence Ecofin 03/09/17)
The Ivorian Human Rights Association (RAIDH) last Friday in Séguéla, North-West of Cote d’Ivoire, organized a workshop to explain the 23 Dec. 1998 Act on Rural Land, reports Agence Ivoirienne de Presse. Targeting community leaders of Séguéla, the workshop provided information regarding the bases of land ownership rule which now states that only Ivorian nationals are to own a land. The rule is however beneficial to only those who have their deeds regularized. “The rule, adopted in January 1999, recognizes customary rights which must be made formal through the acquisition of a land certificate, a document that grants temporary ownership of a land
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(AFP (eng) 02/28/17)
The Ibrahim Prize for Achievement in African Leadership -- the world's biggest individual prize -- drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstrated exceptional leadership, served their mandated term and left office within the last three years. The award comes with $5 million (4.7 million euros) paid over 10 years and $200,000 annually for life from then on. The prize, founded by Sudan-born...
(AFP (eng) 02/24/17)
Senegalese police have arrested two Malians suspected of involvement in a jihadist attack on an Ivory Coast beach resort last year that killed 19 people. More than 10 suspects have already been detained in relation to the March 13 assault, when assailants armed with grenades and assault rifles stormed three hotels in Grand-Bassam, a beachside resort popular with foreigners 40 kilometres (25 miles) from Abidjan. The attack, the first of its kind in the Ivory Coast, was claimed by Al-Qaeda in the Islamic Maghreb, which has also carried out assaults on tourist hotspots in Mali and Burkina Faso.
(Reuters (Eng) 02/24/17)
Senegalese authorities have arrested two suspected foreign jihadists in Dakar, including one who had been in contact with the mastermind of an attack on an Ivory Coast hotel a year ago. Police spokesman Henry Cisse said an operation in Dakar on Thursday had led to the arrest of Ould Sidy Mohamed Dina, a Malian, as he was trying to leave his home. He had been in Senegal for a month, he said. Another suspected jihadist, whom he did not name, from Mauritania, had been arrested trying to board a bus to Gambia. The suspects have not yet been charged.
(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...
(AFP (eng) 02/21/17)
The trial opened Tuesday in Ivory Coast of 10 men, mainly soldiers, accused of kidnapping and killing four men from the Novotel hotel in Abidjan in April 2011. "All the defendants are present," the presiding judge Mourlaye Cissoko announced. "They all have a lawyer." The case is expected to shed light on the abduction and murder of the hotel's manager, along with the head of Ivory Coast's largest agro-industrial group and two other businessmen in an unexplained crime, while bloodshed...
(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...
(AFP (eng) 02/13/17)
Six journalists, including three media owners, have been arrested in the Ivory Coast for "spreading false information" about a mutiny by security forces, their newspapers and the public prosecutor said. The move came after elite forces became the latest troops to protest over pay in recent weeks in the West African nation, firing into the air in the army barracks town of Adiake. "Regarding recent action taken by the military... we have come to believe that certain media organisations are spreading false information in a bid to encourage soldiers to revolt," said a statement from the public prosecutor broadcast on national television
(Ghana Web 02/10/17)
Cote D’ Ivoire on Thursday, February 9, protested what it describes as a threat from Ghana’s legal team to the President of the Special Chamber during its submission at the International Tribunal for the Law of the Sea in Germany. Cote D’ Ivoire is seeking to punch more holes in Ghana’s argument in the ongoing Maritime boundary case as it concludes its oral submission today, February 10. Ghana had already made its oral submission at the ten- day hearing, asking...
(AFP (eng) 02/09/17)
The Ivorian government planned Thursday to pursue talks with elite troops responsible for President Alassane Ouattara's security in a bid to end a revolt by the special forces, a defence ministry official said. "Normally the discussions should resume this morning," the source told AFP after the mutineers began talks with top military staff following armed protests this week in their barracks town of Adiake, 90 kilometres (56 miles) east of Abidjan. Inhabitants of Adiake returned to business as usual on...
(AFP (eng) 02/08/17)
Ivory Coast special forces troops fired in the air in the army barracks town of Adiake on Wednesday after weeks of trouble with mutinous soldiers over pay, residents said. "The shooting has started again. Today, it's market day, and they (the troops) told the women to return to their houses. Everyone is terrified, and holed up in their homes," a resident of Adiake told AFP by phone. The elite troops appeared to be angling for a deal with the government...

Pages

(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened." Flowers estimated that she...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Bloomberg 03/13/17)
Tumbling cocoa prices and unscheduled payments to civil servants and mutinous soldiers in the past two months could widen Ivory Coast’s budget deficit and curb growth this year. Cocoa prices have fallen by more than a third after reaching a six-year high in July, denting revenue for the world’s biggest producer of the chocolate ingredient. This year the West African country’s government has tried to defuse military and social unrest by agreeing to pay bonuses to soldiers and making some...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(Xinhuanet 03/07/17)
The Soubre hydroelectric dam, the largest of its kind in Cote d'Ivoire and being built by a Chinese company, has entered its final stage of construction before officially initiating electricity generation later in the year. The dam constructed by PowerChina is in the process of "impoundment," a technical operation of gradually closing the floodgates' valves so as to allow water levels to rise, explained Ballet Maxime, head of mission of Cote d'Ivoire's CI-Energies. The assistant to the Soubre project manager...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Agence Ecofin 02/22/17)
Cote d’Ivoire recently signed with the African Development Bank (AfDB) three funding agreements valued at FCFA70 billion (€107 million) to support three agricultural projects which aim to modernize the nation’s agriculture. In details, the first project focuses on the development of agricultural value chains in the Indénié-Djuablin region which is in the Central-Eastern part of the country. Valued at FCFA4.2 billion overall, the project will get a financing of FCFA3.3bn (€5M) from the Nigeria Special Fund (NSF), one of AfDB’s three entities. It will mainly focus on production, commercialization and processing of the region's main agricultural products.
(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...
(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...
(Bloomberg 02/13/17)
Local cocoa shippers in Ivory Coast, the world’s largest producer, said more than 80 percent of the contracts they bought cannot be fulfilled after wrongly speculating that prices would rise, according to a person familiar with the matter. Local exporters have told industry regulator Le Conseil du Cafe-Cacao that they can’t honor commercial agreements for about 350,000 metric tons of beans, said the person, who asked not to be identified because the information is confidential. After prices plunged, exporters can...
(Agence Ecofin 02/10/17)
Ivorian ministry of agriculture and rural development has secured from the African Development Bank (AfDB) FCFA3.8 billion ($6.2 million), reads a note published by l’Agence ivoirienne de presse. “The grant which was provided in line with AfDB’s 2013-2017 Country Strategy Paper will be used to boost rural land management in the country. It will be used to establish Village Committees for Rural Land Management, curb inter-community conflicts, carry out sensitization campaigns on land legislation and land transfer rights for women,...
(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...
(Bloomberg 02/07/17)
Ivory Coast, the world’s largest cocoa producer, is asking for compensation for losses from exporters that defaulted on contracts this season. Shippers that couldn’t fulfill their commercial agreements will have to reimburse industry regulator Le Conseil du Cafe-Cacao if defaults resulted in losses, according to a copy of a letter obtained by Bloomberg and sent by the CCC to a company in default in recent weeks. The companies will lose access to Ivory Coast cocoa auctions until the compensation is...
(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...
(AFP (eng) 02/01/17)
Ivory Coast's cashew producers called Wednesday for a fixed price that would allow them to make money this year, after a "disastrous" last season for the world's biggest producer of the tasty nuts. In 2016 the country produced 725,000 tonnes at the start of the harvest season, marred by clashes between farmers which left 33 people dead. Ivory Coast beat India last year while global production is 2.9 million tonnes, according to figures from the Cotton-Cashew Council, which manages the...
(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...
(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...
(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...

Pages

(AFP (eng) 03/21/17)
Former Belgium coach Marc Wilmots has been appointed to lead Ivory Coast's World Cup qualifying bid, the country's football authorities said on Tuesday. Wilmots, 48, is one of an elite band of players to have played at four World Cups, and also led Belgium into the 2014 World Cup during his stint as coach with them between 2012-2016. One of Africa's big guns and a regular World Cup qualifier, Ivory Coast flopped badly at the defence of their continental title at African Cup of Nations in February crashing out in the first round. Then coach France's Michel Dussuyer was sacked and replaced by a caretaker coach Ibrahim Kamara, who last week unveiled a vastly changed...
(AFP (eng) 03/17/17)
Yaya Toure would consider a shock move to Manchester United if he leaves Manchester City at the end of the season, according to the Ivory Coast midfielder's agent. Toure is out of contract once the current campaign is over and his representative Dimitri Seluk has started talks with interested clubs. The 33-year-old has had a stormy relationship with City boss Pep Guardiola and was surprisingly left on the bench for his team's Champions League last 16 second leg defeat at Monaco on Wednesday. Toure hasn't been offered a new contract by City and the former Barcelona star would even consider becoming one of the few
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(AFP (eng) 02/22/17)
Manchester City's Yaya Toure believes his side must score at least two more goals against Monaco if they are to reach the quarter-finals of the Champions League. City twice came from behind to defeat the Ligue 1 leaders in a stunning 5-3 win in the first leg of their last 16 clash at the Etihad Stadium on Tuesday, with Sergio Aguero scoring twice for the Premier League club. But given how their defence was tested at home, midfielder Toure said merely trying to defend their lead was not a viable tactic for the second leg in Monaco in three weeks' time.
(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...
(AFP (eng) 02/09/17)
Salomon Kalou's missed spot-kick put hosts Borussia Dortmund into the German Cup quarter-finals on Wednesday as Hertha Berlin lost 3-2 on penalties after a 1-1 draw. The Ivory Coast striker gave Hertha a first-half lead in the third-round cup clash in Dortmund when he volleyed home on 27 minutes after the hosts made a slow start. But Dortmund raised the pace as Marco Reus equalised straight after the break while Pierre-Emerick Aubameyang had a goal disallowed and Ousmane Dembele fired...
(AFP (eng) 02/01/17)
Former Chelsea striker Didier Drogba has refused an offer to join Corinthians of Brazil that would have included generous wages and a bullet-proof car. The Ivory Coast star, 38, is out of contract after a spell at Montreal Impact and was offered $120,000 (110,000 euros) a week, a 24-hours-per-day translator, six return tickets to Europe -- and a bullet-proof car. Drogba said on Twitter on Wednesday that he had spoken with the Corinthians president Roberto de Andrade to decline the...
(AFP (eng) 01/25/17)
Ivory Coast forward Salomon Kalou announced his retirement from international football after the reigning champions were eliminated from the Africa Cup of Nations on Tuesday. "I am 31, this is my sixth Africa Cup of Nations. I have been to a final and won another," said the 31-year-old after a 1-0 defeat to Morocco in Oyem condemned the Elephants to a group-stage exit. "This time things did not go so well. There are young players like (Franck) Kessie, (Wilfried) Zaha.....
(AFP (eng) 01/24/17)
Yaya Toure says he wants to remain at Manchester City and is not interested in moving to China, amid reports of a big-money offer from the Chinese Super League. Reports last week said Toure, 33, had rejected an approach from a Chinese club that would have seen him paid around £430,000 ($536,000, 499,000 euros) a week. With his contract up at the end of the season, the former Ivory Coast midfielder faces an uncertain future, but he says he has...
(AFP (eng) 01/23/17)
Having guided the Ivory Coast to glory at the 2015 Africa Cup of Nations, Herve Renard is now hoping to end his former side's defence of the trophy when they face his Morocco team on Tuesday. The script could not have been better written, with Renard's Morocco and the Elephants clashing in a winner takes all final Group C showdown in the northern Gabonese town of Oyem, kicking off at 2000 local time (1900 GMT). The Atlas Lions have not...
(AFP (eng) 01/21/17)
Reigning champions the Ivory Coast will need to beat the Morocco of their former coach Herve Renard to qualify for the Africa Cup of Nations quarter-finals after a second draw in as many games on Friday. The Ivorians had to come from behind twice to draw 2-2 with DR Congo in Oyem in the day's early game with Wilfried Bony and Geoffrey Serey Die getting their goals. Later, Renard's Morocco came from behind to defeat Togo 3-1 at the same...
(AFP (eng) 01/20/17)
Defending champions the Ivory Coast had to come from behind twice to draw 2-2 with the Democratic Republic of Congo Friday in a lively Africa Cup of Nations clash. The result in northern Gabonese town Oyem kept the Congolese top of Group C with four points from two matches followed by the Ivorians with two. Togo have one point and Morocco, their opponents later Friday in the second match of a double-header, are pointless. Neeskens Kebano and Junior Kabananga scored...
(AFP (eng) 01/18/17)
Manchester City midfielder Yaya Toure has rejected offers from Chinese Super League clubs that would have paid the Ivorian around £430,000 a week ($533,000), reports said on Tuesday. Toure is out of contract at the end of the season and has been approached by clubs from China who have been splashing on a host of star signings in recent months. The 33-year-old is said to have been the subject of interest from China last year. He snubbed those offers and...
(AFP (eng) 01/17/17)
Ivory Coast made a disappointing start to their Africa Cup of Nations title defence Monday when held 0-0 by lowest Group C seeds Togo in Gabonese town Oyem. Paris Saint-Germain defender Serge Aurier came close to breaking the deadlock with two minutes remaining, heading a cross narrowly wide in a match that failed to sparkle. The result maintained a trend of stalemates in the 2017 tournament, which kicked off two days ago, with four of the first five matches failing...
(AFP (eng) 01/17/17)
Defending champions the Ivory Coast and Morocco on Monday became just the latest strongly fancied teams to fail to deliver at the Africa Cup of Nations in Gabon. The Ivorians were held 0-0 by Togo -- 21 places below them in the African rankings -- after a duel that produced little excitement for a small crowd in the northern town of Oyem. Morocco, also considered potential champions under twice Africa Cup-winning coach Herve Renard, paid for a goalkeeping blunder as...
(AFP (eng) 01/16/17)
Yaya Toure is adamant Manchester City can still end the season as Premier League champions even after a humiliating 4-0 defeat by Everton left them 10 points behind leaders Chelsea. Sunday's reverse at Goodison Park prompted City manager Pep Guardiola to put an end to his side's title hopes by saying top spot was now out of the question. "The first one, yeah," said Guardiola when asked if finishing top of the table was no longer possible. "The first one...
(AFP (eng) 01/14/17)
Yaya Toure suggests Manchester City can forget about winning the Premier League this season if they fail to beat Everton this weekend. The Ivorian veteran's assertion that City have no more room for error appears to be shared by his team-mates judging by the performances in their first two matches of 2017. They overcame the sending off of Fernandinho -– his third in his last six appearances -– to beat Burnley 2-1 in the Premier League on January 2, then...
(AFP (eng) 01/13/17)
New-look Ivory Coast are preparing to defend the Africa Cup of Nations, which kicks off in Gabon on Saturday, buoyed by encouraging results and impressive form from new recruit Wilfried Zaha. The Crystal Palace flier hopes to make an impact in a competition that boasts Europe-based stars like Riyad Mahrez of Algeria, Pierre-Emerick Aubameyang of Gabon and Sadio Mane of Senegal. Zaha is a timely addition as many former stars like the Toure brothers Kolo and Yaya have retired and...
(AFP (eng) 01/11/17)
Football: We will raise our game, vows Ivorian Kalou Fbl | Afr | 2017 | CIV | Kalou Libreville, Gabon | AFP | Wednesday 1/11/2017 - 04:15 UTC+2 | 355 words Veteran striker Salomon Kalou believes the Ivory Coast will raise their game after a poor qualifying campaign and win a second successive Africa Cup of Nations title. The Elephants looked anything but defending African champions as they struggled to make the 2017 tournament in Gabon from a group including...
(AFP (eng) 01/11/17)
Ivory Coast want Crystal Palace flier Wilfried Zaha to replace injured Gervinho as they try to become only the fourth country to successfully defend the Africa Cup of Nations title. Egypt have achieved the feat three times in the 60-year-old African football showcase and Ghana and Cameroon once each. But two of those successful defences came when the competition was in its infancy with much smaller fields than the 16 teams who will challenge for glory in Gabon from Saturday...

Pages

(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to the West, criticism of the International Monetary Fund and World Bank, and pride in being African. One of 20 feature-length movies on show at the Panafrican Film and Television Festival (Fespaco) in Burkina Faso's capital...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset by customs officers, thieves, murderers and rapists. The film -- the first feature-length film to show at the festival -- deals with "the bravery of women," Traore told AFP at the festival in the Burkinabe capital Ouagadougou. "There is a...
(AFP (eng) 01/04/17)
As many African women spend much of their spare time in hair salons, Ivory Coast's chief librarian, also a woman, came up with a brainwave scheme to help them read and learn to read. Crammed on shelves between hair extensions, untangling creams and straightening lotions, a total 23 hair salons now offer customers a range of books on loan from the National Library. "Libraries are practically non-existent in our suburbs and the ones that do exist get very few visitors,...
(AFP (eng) 12/15/16)
Four privately owned TV channels have been authorised to operate in Ivory Coast, a major step in opening up the country's audiovisual sector after half a century of state monopoly, it was announced Thursday. The High Authority for Audiovisual Communication (HACA), in charge of the liberalisation programme, said in a statement the four had been selected at the end of a bidding process launched in late May. The four were named as Life TV, Optimum Media Cote d'Ivoire, Societe Audiovisuelle...
(AFP (eng) 12/09/16)
Journalists from Cameroon and Ivory Coast on Thursday won Africa's top fact-checking awards for investigating government claims that turned out to be false. Manfei Anderson Diedri, of the website Eburnietoday.com, scooped the francophone award for an eight-month investigation into a land dispute in central Ivory Coast. Diedri uncovered that while Abidjan claimed it had ownership of 11,000 hectares of land granted to a Belgian company for industrial rubber plantations -- which villagers claimed was their property -- there was no...
(AFP (eng) 11/15/16)
"Some people said I'd wasted my life, that I should be a doctor, do something else," recalls Aboudia, an Ivorian painter with international fame and a big show this month in Abidjan. Aboudia grew up as Abdoulaye Diarrasouba, a youth who still readily speaks Nouchi, the street dialect of working-class districts in Ivory Coast's economic capital. Though today he often abandons his easel in the city for cramped aircraft seatback tables and art galleries in Paris, London and New York, Aboudia remains close to his roots and his current exhibition hosted by the Fakhoury Foundation is called "Mogo Dynasty".
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(AFP (eng) 10/11/16)
Raised on the backstabbing intrigue of 1980s American soaps "Dallas" and "Dynasty", and later, the heady drama of South American telenovelas, Africans are enjoying a surge in local TV content they can finally identify with. It took a while, but in the past decade local programming has soared in sub-Saharan Africa's key economies, a rise driven by both foreign satellite networks and television stations on the continent. This growth has delivered up local shows such as Kenya's comedic "Real Househelps...
(AFP (eng) 09/23/16)
A century after the project was conceived in the throes of racial segregation, and a few months before the first black US president leaves office, the African American Museum in Washington opens Saturday. Here are key facts about the first national museum devoted entirely to showcasing African Americans' life, history and culture. - 1915: A project 101 years old The effort to open, in the US capital, a museum dedicated to the history of the black community "began more than...
(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...
(Voice of America 07/04/16)
To the beat of African drums, a few dozen people gathered at Dallas City Hall Friday to officially kick off the three-day African Film Festival. The event showcases films made by Africans, as well as a few made by non-Africans about issues important to different regions of the continent. City officials hailed the new festival as an expression of the increasing ethnic and cultural diversity in Texas’ second-largest city. Regina Hill Onyeibe, the Africa Liaison for the City of Dallas...
(Reuters (Eng) 06/28/16)
Africa's largest provider of pay-television services Naspers (NPNJn.J) has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday. Naspers, the biggest listed firm on the continent, which sells access to popular American series and blockbuster movies in 50 countries in Africa and the Indian Ocean via its Multichoice unit, reported an 18 percent rise in full-year profit on Friday, but flagged pay-TV as a drag on its performance. Weaker currencies...
(Fraternité Matin 06/27/16)
En déclinant ses émissions de vacances, le groupe de médias de service public a fait des annonces de taille. La saison estivale 2016 de la Radiodiffusion télévision ivoirienne (Rti) s’annonce plus que chargée au niveau des émissions grand-public, avec comme fait majeur, le retour du mythique concours d’orchestres, Podium. Avec, toutefois, un bémol, car elle ne sera diffusée qu’à partir d’octobre, donc à la rentrée. En attendant d’en savoir plus sur la forme et la programmation qui n’a pas été...
(APA 06/10/16)
Une campagne de lutte contre la violence sur les enfants sur le continent africain dénommé « End violences against Children in Africa » a été lancée, jeudi, à Abidjan par la presse ivoirienne à travers le réseau des acteurs des medias pour les droits des enfants (RAMEDE-CI). « Les violences faites aux enfants font partie des maux auxquels nous devons apporter des éléments de réponses appropriés », a relevé Mamadou Doumbia, le président du Conseil d’administration du RAMEDE-CI. Selon lui,...
(L'Intelligent d'Abidjan 06/01/16)
Korédé Odjo-Bella, directrice de Vibe Radio a animé un petit-déjeuner de presse le vendredi 27 mai 2016. Objectif de cette rencontre, donner les challenges de la radio et expliquer la campagne publicitaire en cours. La radio a démarré une campagne de communication depuis le 27 avril 2016. « Ce sont plus de 200 spots de 30 et 20 secondes qui sont diffusés sur les chaînes de télévision nationales et internationales et sur Fréquence 2 », a expliqué Korédé Odjo-Bella. Selon...
(AFP (eng) 05/14/16)
On a choice spot overlooking Washington's most stately monuments, a new museum swathed in bronze will showcase the tragedy and triumph of black America. The National Museum of African American History and Culture, 100 years in the making and now almost ready, will fill a gaping void: until now the city had no grand-scale museum dedicated solely to this chapter of US history. Slave cabins, a blacks-only train car from the segregation era and exhibits on the Reverend Martin Luther...
(AFP (eng) 05/03/16)
The drummer for popular Ivory Coast music group Magic System has drowned in an accident at a seaside resort in the country, the band announced Tuesday. A family member said Didier Bonaventure Deigna died "trying to save a person from drowning". Magic System said in a statement it "announces with regret and deep sorrow the death of its drummer and conductor Didier Bonaventure Deigna, known as Pepito, last Sunday May 1 by drowning in Jacqueville," in southern Ivory Coast, aged...
(BBC News Africa 05/03/16)
The drummer of Ivory Coast's famous Magic System band has drowned at the age of 46, the group has said in a Facebook post. Didier Deigna, known by the stage name Pepito, drowned at a beach in the small town of Jacqueville in southern Ivory Coast on Sunday, it said. Magic System are particularly popular in French-speaking West Africa and in France. Reports say Pepito died while trying to save another person who was drowning. "For the last 16 years,...
(APA 04/26/16)
Les journaux quotidiens ivoiriens parus, mardi, sur toute l’étendue du territoire, commentent la cherté de la vie et annoncent le décès de Parfait Gohourou, haut cadre de l’administration territoriale ivoirienne. Cherté de la vie, augmentation des factures d'eau et d'électricité : ‘'c'est un problème qui va être réglé'', rassure le ministre du commerce Jean-Louis Billon, selon Fraternité Matin. M. Billon, ajoute le confrère, a expliqué que ‘'les pouvoirs publics ont pleine conscience des difficultés qu'éprouvent les Ivoiriens''. En dépit l'assurance...
(BBC News Africa 04/25/16)
The influential Congolese musician Papa Wemba has died aged 66 after collapsing during a concert. Video from the show in Ivory Coast showed him slumped on stage behind a group of dancers, before they rushed to his aid. His pioneering blend of African, Cuban and Western sounds became one of Africa's most popular music styles. Wemba also toured around the world, and recorded with British artist Peter Gabriel. "I would put him in the same bracket as Fela Kuti when...

Pages

(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Bloomberg 03/13/17)
Tumbling cocoa prices and unscheduled payments to civil servants and mutinous soldiers in the past two months could widen Ivory Coast’s budget deficit and curb growth this year. Cocoa prices have fallen by more than a third after reaching a six-year high in July, denting revenue for the world’s biggest producer of the chocolate ingredient. This year the West African country’s government has tried to defuse military and social unrest by agreeing to pay bonuses to soldiers and making some...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(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...
(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...
(Bloomberg 02/13/17)
Local cocoa shippers in Ivory Coast, the world’s largest producer, said more than 80 percent of the contracts they bought cannot be fulfilled after wrongly speculating that prices would rise, according to a person familiar with the matter. Local exporters have told industry regulator Le Conseil du Cafe-Cacao that they can’t honor commercial agreements for about 350,000 metric tons of beans, said the person, who asked not to be identified because the information is confidential. After prices plunged, exporters can...
(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,...
(Bloomberg 02/07/17)
Ivory Coast, the world’s largest cocoa producer, is asking for compensation for losses from exporters that defaulted on contracts this season. Shippers that couldn’t fulfill their commercial agreements will have to reimburse industry regulator Le Conseil du Cafe-Cacao if defaults resulted in losses, according to a copy of a letter obtained by Bloomberg and sent by the CCC to a company in default in recent weeks. The companies will lose access to Ivory Coast cocoa auctions until the compensation is...
(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...
(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...
(Bloomberg 01/25/17)
Taiwan’s last two African allies have no plans to switch allegiances and break ties with Taipei as Beijing tries to woo the self-ruled island’s diplomatic partners. Burkina Faso won’t cut relations with Taiwan despite people and companies with links to China offering funding in return for recognition of the One-China principle, according to Foreign Minister Alpha Barry. Swaziland said its relationship with Taiwan is based on mutual interests, not on money. “We get outrageous proposals telling us, ‘if you sign...
(Bloomberg 01/24/17)
Ivory Coast’s cocoa regulator said late rains and inadequate port equipment are responsible for the piling up of cocoa at the West African nation’s harbors. Authorities have approved administrative and fiscal measures to accelerate the boarding of bags while large vessels are currently loading cocoa at the country’s second-biggest port in San Pedro, the industry regulator known as Le Conseil du Cafe-Cacao, or CCC, said in a statement on its website on Monday. The world’s biggest cocoa producer has experienced shipment backlogs since December after some smaller exporters stopped purchasing and their larger peers started to run out of space, leaving an estimated 125,000 tons of beans without a buyer, people familiar
(Bloomberg 01/20/17)
Political risk seems to be hounding bond investors wherever they go. In Ivory Coast, the world’s largest producer of cocoa, a mutiny in the army has destabilized the government, sending its debt to the world’s worst performance. President Alassane Ouattara’s grip on the 40,000-member armed forces appeared to be slipping, with many soldiers who helped to bring him to power in 2011 saying he has failed to deliver the promised pay bonuses or improve their living conditions. Moses Mozart Dzawu
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(Bloomberg 01/18/17)
Cocoa shippers in Ivory Coast halted exports after gendarmes disrupted operations at the West African nation’s largest port in the second day of renewed unrest among military personnel, according to a person familiar with the matter. The disruptions in the world’s biggest cocoa producer occurred at the port in the commercial capital, Abidjan, said the person, who asked not to be identified because he is not allowed to speak publicly. Gendarmes who usually guard entrances closed some gates, the person...
(RFI 01/14/17)
The 27th Africa-France Summit kicked off on Friday in the Malian capital Bamako with more than 30 African heads of state meeting French officials to discuss the threat of jihadists in the Sahel region and improve democracy in Africa. the meeting is also an opportunity for French president François Hollande to showcase his legacy. The choice to hold the 27th Africa-France summit in Mali is not insignificant. Bamako is where president François Hollande first revealed himself as an international statesman,...
(Huffingtonpost 01/10/17)
And it’s ironic given the growing consensus that Beijing is the U.S. president-elect’s enemy number one. Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China. The election of Donald Trump has introduced a new era of uncertainty in global politics, especially...

Pages