Saturday 21 October 2017
(Reuters (Eng) 09/14/17)
LONDON (Thomson Reuters Foundation) - Your afternoon chocolate bar may be fuelling climate change, destroying protected forests and threatening elephants, chimpanzees and hippos in West Africa, research suggests. Well-known brands, such as Mars and Nestle, are buying through global traders cocoa that is grown illegally in dwindling national parks and reserves in Ivory Coast and Ghana, environmental group Mighty Earth said. “Every consumer of chocolate is a part of either the problem or the solution,” Etelle Higonnet, campaign director at Mighty Earth, told the Thomson Reuters Foundation. “You can choose to buy ethical chocolate. Or you’re voting with your dollar for deforestation.” Nestle did not immediately respond to requests for comment while Mars said in an email: “We take a...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites in Namibia and Africa. "To...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all boxing activities and responsibilities and...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(Reuters (Eng) 09/08/17)
A group of allies of Ivory Coast's former president Laurent Gbagbo, including at least one living in exile in neighboring Ghana, are behind a wave of attacks on security installations this year, the interior minister said Thursday. Thirty-five people, a number of them soldiers, have been arrested for involvement in the "destabilization project," according to a statement released by Sidiki Diakite following a meeting of the National Security Council. Francophone West Africa's biggest economy has been shaken by army mutinies, violent protests by former rebels, and a spate of attacks on prisons and police stations this year. The attacks have raised fears over its long-term stability, more than six years after a prolonged crisis ended in a civil war that...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(Bloomberg 09/07/17)
The ruling alliance that steered Ivory Coast to become sub-Saharan Africa’s fastest-growing economy is at risk of falling apart as the main partners are bitterly divided over who will succeed President Alassane Ouattara when he steps down in 2020. Top officials of the Rally of Houphouetists for Democracy and Peace, a coalition known by its acronym RHDP, are jockeying for positions as each party claims the right to appoint a preferred presidential candidate. After six years of relative stability, succession politicking may grow increasingly disruptive. Presidential elections in Ivory Coast have often fueled tension since the death of the first post-independence ruler Felix Houphouet-Boigny in 1993 and two out of four votes have turned
(AFP (eng) 09/07/17)
Tottenham Hotspur manager Mauricio Pochettino said Thursday he is confident new signing Serge Aurier will seize his chance after the player was dogged by disciplinary problems at Paris Saint-Germain. The talented Ivorian right-back joined Spurs for £23 million ($30 million, 25 million euros) from PSG on transfer deadline day last week. The deal was held up as Spurs' request for a work permit was complicated by the suspended two-month prison sentence Aurier received after an assault on a police officer outside a Paris nightclub in May 2016. The 24-year-old was also suspended by PSG last year for making a homophobic slur against former coach Laurent Blanc in a social media video. Pochettino, speaking at the club's training centre in north...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for its manganese. While ARM is “confident in the long-term outlook for commodities,” the company said prices will “remain volatile” this year. The rand, in which ARM pays most of its costs, has strengthened against the dollar this year, reducing earnings...
(Bloomberg 09/06/17)
Ivory Coast is considering cutting taxes on buying and and exporting of cocoa to allow for an increase in the minimum price paid to farmers in the upcoming season, according to a person familiar with the matter. The world’s biggest producer of cocoa is unlikely to raise the minimum price that it allows merchants to pay from the current 700 CFA francs ($1.27) per kilogram unless the tax cuts are implemented, said the person, who asked not to be identified because he isn’t authorized to speak about the matter. Tax breaks will allow buyers room to pay producers more, they said. Industry regulator Le Conseil du Cafe-Cacao typically makes an official announcement on the minimum price at the beginning of...
(Agence Ecofin 09/05/17)
In Cote d’Ivoire, support to women entrepreneurs could generate at least six billion dollars, each year, or a 1/6 of the country’s GDP, according to the World Bank. This was reported by Reuters. Ivory Coast is ranked by the United Nations 155th out of 159 countries in terms of gender equity. To change this, the country intends to, with a $9 million loan it took from Morocco, bridge gender equity gap by financing small and medium enterprises headed by women. Ivorian women earn on average half of men’s revenues, according to the World Bank. This is mainly due to the fact that most of them are less educated than men, spending many hours a day cooking and taking care of...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to thank: in South Africa, a bumper corn harvest following the worst drought in more than a century saw the sector surge 34 percent from the prior quarter, while in Nigeria, where farming vies with industries as the second-biggest contributor to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
U.S. President Donald Trump’s plan to cut foreign aid supporting HIV/AIDS treatment could cost 9 million years of lost life in South Africa and Ivory Coast, according to a global study released on Monday. In the first study to measure the impact of cuts in global investment in HIV care in terms of health and costs, scientists found sky-rocketing deaths in the African nations would far outweigh savings. South Africa has the highest prevalence of HIV worldwide, with 19 percent of its adult population carrying the virus in 2015, according to UNAIDS, with a total of 7 million HIV-infected people. Ivory Coast counted 460,000 HIV-infected people in that same year. Trump’s proposed budget for 2018, made public in May, envisions...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(The Newdawn Liberia 08/28/17)
The Governments of Liberia and Côte d’Ivoire are expected to today hold the second Joint Commission meeting between the two countries in Monrovia. According to a Ministry of Foreign Affairs release, the three-day meeting, which takes place at the Ministry of Foreign Affairs, will be held in two phases: technical working sessions on Monday and Tuesday, August 28-29, 2017 and a ministerial meeting on Wednesday, August 30, 2017 to be climaxed with the signing of a Joint Commission Framework Agreement by the Foreign Ministers of Liberia and Côte d’Ivoire respectively, Her Excellency Ms. Marjon Kamara and His Excellency Mr. Marcel Amon-Tanoh. Both countries held the first Joint Commission meeting in Monrovia 45 years ago, in 1972, following which so many...
(APA 08/28/17)
APA - Douala (Cameroon) - The HTT Telecom SA Company or YooMee which specializes in providing Internet services, has crossed another milestone by becoming a mobile operator in Cameroon. This was after the transfer agreement of its activities obtained from the Ministry of Posts and Telecommunications (MINPOSTEL) sources told APA. Through a partnership which binds it to the Cameroon Telecommunications (CAMTEL), the state-owned incumbent telecom YooMee intends to offer combined services of a versatile technology for voice communications (GSM) and Internet (CDMA), managing director Emmanuel Forson revealed during a ceremony to inaugurate its new headquarters in Douala. The board said it is venture that required more than CFA10 billion in investment and could create over 2000 direct and indirect jobs...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...

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