Sunday 22 October 2017
(Business News (Ng) 09/11/13)
Africa’s vibrant mobile phone market is forecast to increase four fold in size from a value of $60 billion in 2013 to $234 billion by 2020, according to experts at Manifest Mind LLC, a U.S. based research firm. The continent’s mobile phone market is expected to grow at an annual rate of 21.27 per cent between 2013 and 2020, to reach the set target. Africa’s telecoms sector growth has surged in the last 10 years as the continent has overtaken Europe and Latin America to become the second biggest market in the world for handsets after Asia, according to global mobile phone body, the GSMA. Figures from the GSMA also indicate that from 2007 to 2012 mobile connections in Africa...
(Tanzania Daily News 09/10/13)
Maputo — The African Green Revolution Forum (AGRF) has warned that a Green Revolution cannot materialise in Africa without concerted effort to secure financing for agricultural production. The Forum, which ended on Friday and brought together over 200 delegates from across Africa and the world, focused on the critical role to be played by public-private partnership and inclusive business models in the development of Africa's agriculture. It heard that the global gap in financing for agriculture stood at 450billion US dollars, an issue which was more acute in Africa than anywhere else in the world. Evidence showed that only 10 per cent of African smallholder farmers had access to financing when they needed to expand their production and raise their...
(The Guardian 09/10/13)
Women are increasingly challenging the traditional male monopoly of African politics. In Cameroon, campaigners have worked tirelessly to boost the chances of women standing in the country's pending elections. On a sunny day in early May, in Ndu, northwest Cameroon, a group of women, many of whom have taken the day off from work on their farms, are evaluating the performance of an aspiring politician. One suggests smiling more, another that the candidate project her voice more and not look at her feet while talking. The women are here in the Bishop Shanahan Centre to improve their public-speaking skills and learn more about electoral procedures. There are no party divisions in the room – women from the Cameroon People's Democratic...
(Awoko 09/09/13)
The first ever West Africa Business Expo 2013, opened in Accra on Thursday, with a call on Ghanaians to develop interest in setting up their own businesses. The two-day event was designed to create platforms for business owners to access information and interact with service providers and encourage learning. The expo on the theme: “Kick starting and sustaining business growth, “was also aimed at educating the public on how entrepreneurial activities have been the backbone of many economies, and the focus of many countries to drive economic growth in a sustainable way. It would enlighten the participants on a number of implementations and successful interventions including finance, capacity and skill building, which have been adopted to drive growth in developed...
(Voice of America 09/09/13)
The Italian coast guard has rescued more than 700 people in the last two days from boats carrying migrants and refugees. Italian officials say four vessels got into difficulty in waters near Sicily. People from Syria, Egypt, Eritrea, Nigeria and Ghana were rescued. The Italian news agency ANSA reported Saturday that more than 207 people were taken to the island of Lampedusa after their rescue by the coast guard and navy. Among them were two women in the late stages of pregnancy. Another boat with 212 people aboard was being towed to Lampedusa. Two other broken-down boats carrying 293 people were taken to Augusta on Sicily's eastern coast. Violence in Syria and Egypt this year has spurred an increased number...
(AFP 09/07/13)
ACCRA, September 7, 2013 (AFP) - Ivory Coast's fragile peace will fracture unless former president Laurent Gbagbo is released from the International Criminal Court's custody and allowed to return home, his spokesman told AFP Saturday. Justin Kone Katinan, Gbagbo's ex-budget minister, is wanted in his home country for economic crimes allegedly committed as Gbagbo's regime crumbled during the civil conflict that followed disputed 2010 polls. Last month, Ghana denied Ivory Coast's extradition request, and Katinan said he would remain in Ghana and continue to speak on behalf of Gbagbo, the man he calls Ivory Coast's legitimate president. "My duty is to explain to the world that president Gbagbo is innocent and that his people want him back," Katinan said. "As...
(AL Jazeera 09/07/13)
As Kenya votes to withdraw from this 'court of last resort', we ask if other African nations will follow suit. Kenya's parliament has voted to withdraw from the International Criminal Court (ICC), sending another strong message from the continent against what is perceived to be interference from the West. The motion was passed after an emergency session of parliament was convened - and the timing could not have been more telling. William Ruto, Kenya's deputy president, is due to appear before the ICC on September 10, on charges of crimes against humanity, while Uhuru Kenyatta, the Kenyan president, is scheduled to face similar charges in November. They stem from violence that broke out after disputed elections at the end of...
(Business Day 09/06/13)
Multinational companies operating in Africa are hitting back at claims that government coffers are being eroded by deliberate intragroup mispricing and shifting of profits across borders to pay significantly less tax. Apart from a lack of clarity on what guidelines to use, reports of bribes to resolve tax disputes, poorly educated tax officials focusing only on their bonuses, and a lack of will to follow global guidelines are emerging. Governments are concerned that money they should be receiving is being diverted to other countries, which then receive the tax revenue. This is leading to major moves by tax authorities to ensure transactions between related companies or parties, such as employers and employees, are done at arm’s length. This means these...
(The Guardian 09/06/13)
Scheme could herald a 'green gold' revolution as mines commit to ban child labour, enforce safety rules and prevent toxic run off. In a bustling area of Nyarugusu, in the heart of Tanzania's gold lands, a stocky man is fanning a dustbin lid of smouldering charcoal, gold ore and mercury on the pavement. Each waft sends a cloud of toxic vapour into the faces of children and adults as they gather to watch. The burning of mercury is a common sight in the streets, homes and cottage-industry mines throughout east Africa. The liquid metal is used to extract the gold and then vaporised to leave behind flakes of the precious metal. But in this dangerous industry, seeds of a gold...
(Reuters (Eng) 09/05/13)
NEW YORK | (Reuters Health) - Despite concerns that iron supplements may increase children's risk of malaria in regions where it is common, a new study found kids in Ghana who received nutrient powder with iron were no more likely to get the disease than their peers. According the World Health Organization (WHO), there were approximately 660,000 deaths from malaria in 2010. About 90 percent of those occurred in Africa, most in children under five years old. Some studies have suggested giving children iron might increase their risk of malaria - including one trial that was halted early due to more hospitalizations for malaria and other infections among children receiving iron. The theory is that malaria-causing parasites can take up...
(AFP (eng) 09/03/13)
ABIDJAN, September 3, 2013 (AFP) - Mali's interim leader Dioncouda Traore thanked Ivory Coast for its support in resolving its severe political crisis, on his last overseas visit before leaving office on Wednesday. The west African country is slowly emerging from a turbulent period which saw it suffer the back-to-back blows of a Tuareg rebellion, a military coup and the seizure of half its territory by armed Islamist extremists linked to Al-Qaeda. "Mali has come a long way, we went through extremely difficult months but we can say today that we've reached the end of the tunnel after retaking all our territory," Traore said during talks with his Ivorian counterpart Alassane Ouattara. Ivory Coast contributed troops to an African force...
(Haaretz 09/03/13)
Last week’s announcement that an agreement had been reached with an African country, later identified as Uganda, to accept African migrants from Israel was not only premature but far too optimistic in terms of the number of people likely to be involved, a senior government official said Monday. Haaretz has learned that the contacts with Uganda relate to the absorption of only a few hundred migrants, so even if an agreement is successfully concluded, its influence will be limited. According to the Population, Immigration and Border Authority, some 54,000 African migrants are now living in Israel, more than 90 percent of them Eritrean and Sudanese nationals. The initial announcement about an agreement with Uganda was made last week by Interior...
(Voice of America 09/03/13)
JOHANNESBURG — Journalists and South Africans have flocked to former South African president Nelson Mandela’s home in Johannesburg following his release Sunday from a Pretoria hospital. Mandela spent 85 days there after being admitted on June 8 for a recurring lung infection. While many South Africans are breathing a sigh of relief, some have questioned why the world icon was released despite the fact that his condition remains critical and at times unstable. Since Sundays’ announcement that the 95-year-old former president was allowed to return home from the Medi-Clinic Heart Hospital in Pretoria, social media have been flooded with congratulatory messages, and the story has made international headlines. The media that was entrenched for months outside the hospital now has...
(BBC News Africa 09/03/13)
The origins of human tuberculosis have been traced back to hunter-gatherer groups in Africa 70,000 years ago, an international team of scientists say. The research goes against common belief that TB originated in animals only 10,000 years ago and spread to humans. The work, published in Nature Genetics, outlines the strong relationship between the evolutionary history of both humans and TB. The disease causes more than one million deaths every year. Previous research has indicated that human TB originated about 10,000 years ago in Africa during the Neolithic Demographic Transition (NDT), when the human population was expanding and agriculture was becoming prominent. Researchers combined geographic and genetic data from 259 strains of TB to reconstruct its evolutionary history and compare...
(Bloomberg 09/03/13)
China’s smallest oil imports from West Africa in at least two years are curbing demand for tankers on the third-longest trade route, prolonging the worst rates in more than a decade for Frontline Ltd. and other owners. Chinese refiners will buy 28 percent less West African crude this month than a year earlier, the least in data starting in August 2011, according to loading plans and a Bloomberg News survey of eight traders. Shares of Frontline, which operates 32 very large crude carriers, will drop 38 percent in 12 months, the average of 14 analyst estimates compiled by Bloomberg shows. Those of Euronav SA, with 13 supertankers in its fleet, will retreat 24 percent, the forecasts show. Tanker owners are...
(Voice of America 09/02/13)
JOHANNESBURG — Former South African president Nelson Mandela has been discharged from Medi-clinic Heart Hospital in the country’s capital, Pretoria, where he spent close to three months being treated for a recurring lung infection. However, his health is said to remain critical and at times unstable, and his doctors will keep providing him with intensive care at his Johannesburg home. Thuso Khumalo has more from Johannesburg. A spokesman for South African President Jacob Zuma has confirmed that Mandela left the hospital Sunday morning. Presidential spokesperson Mac Maharaj says the anti-apartheid icon is now recovering at his home in the Johannesburg suburb of Houghton. Mandela had been hospitalized since June 8. Maharaj referred to Mandela using his clan name, Madiba. We...
(Reuters (Eng) 09/02/13)
LONDON, Sept 2 | Mon Sep 2, 2013 (Reuters) - Africa-focused mining and infrastructure firm IMIC said on Monday it signed an offtake agreement with Chinese group Hebei Iron and Steel for iron ore produced from the Nkout project in Cameroon, which IMIC is in the process of acquiring. Junior miner Afferro IMIC, which is allied with African Iron Ore Group, run by Afren Plc founder Bert Cooper, says it can build the infrastructure necessary to begin production at its project in Cameroon. IMIC said the offtake agreements will be used as a vital part of financing the project through Chinese partners such as Hebei - the largest steel producer in China. A similar offtake agreement was crucial to African...
(AFP 09/01/13)
JOHANNESBURG, September 1, 2013 (AFP) - South Africa's anti-apartheid icon Nelson Mandela was Sunday discharged from hospital where he has been treated since June 8 for a recurring respiratory illness, the presidency said. "Former President Nelson Mandela has this morning, 1 September 2013, been discharged from the Pretoria hospital where he has been receiving treatment," said a statement. It is said his condition "remains critical and is at times unstable." An ambulance with police escort was seen arriving at his suburban home, north of Johannesburg, shortly after 0900 GMT. Officials said the 95-year-old will receive the same intensive care from his Johannesburg home. "If there are health conditions that warrant another admission to hospital in future, this will be done."...
(Reuters (Eng) 08/31/13)
(Reuters) - Ivory Coast cocoa exporters have rejected a price structure proposed by the industry regulator for the 2013/14 season, saying it underestimated their costs, and have called for government mediation, industry sources said. The standoff highlights disagreements that have plagued the sweeping reforms that the government has put in place in an effort by President Alassane Ouattara to guarantee farmers a minimum price for their crop. The main cocoa exporters, including Cargill, ADM , OLAM and Armajaro, have called for an increase of 27 CFA francs per kilo in the price structure from last year to take into account additional costs, notably in transport and taxation. "We are asking for a 27 CFA franc increase in next season's cost...
(AFP 08/31/13)
JOHANNESBURG, August 31, 2013 (AFP) - South Africa's presidency on Saturday denied reports that Nelson Mandela had been discharged from hospital and had returned to his Johannesburg home. "Madiba is still in hospital in Pretoria, and remains in a critical but stable condition," President Jacob Zuma's spokesman said in a statement, denying reports from several news organisations that he had left the facility. "At times his condition becomes unstable, but he responds to medical interventions." During Mandela's 80-plus days in hospital, the presidency through Maharaj has been the official source of information about the condition of the 95-year-old anti-apartheid icon. But updates have been infrequent and have offered few details, prompting frequent speculation. At the end of July, Zuma's office...

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