| Africatime
Friday 24 March 2017
(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 sector. Over the same period the price paid to producers was 350 CFA francs (0.53 euro) per kilo, seen as low compared to neighbouring countries. This year they want a "sale price which makes money," industry officials said days before...
(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 offer. "I'm very honoured... but it doesn't feel like the right move for me at this time," wrote Drogba. The club thanked the player for showing an interest. "Life is made on choices and this renowned player will head for...
(Xinhuanet 02/01/17)
Newly elected senior officials of the African Union (AU) Commission, including Chairperson and Deputy Chairperson of the AU Commission, were sworn in on Tuesday at the conclusion of the 28th AU summit in Ethiopia's capital Addis Ababa. In addition to the two top officials, other officials took the oath for positions including, peace and security; political affairs; trade and industry; social affairs; infrastructure and energy; and rural economy and agriculture. The 28th AU summit also elected Alpha Conde, President of the Republic of Guinea, for a rotating chairmanship of the African Union. In his acceptance speech on Monday, Conde said, "It is with honor and humility that I accept to preside at the destiny of our Organization during the year...
(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 technology (ICT) areas, which she said are the biggest priorities in Africa's infrastructure sector. In cooperation and coordination with its regional, continental, and international partners, AU has been committed to development of infrastructure on the continent, which facilitates trade, economic...
(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 incident, it said. The protests come after the leaking of a draft report compiled by South Africa’s graft ombudsman that said Barclays Africa, which traded as Absa then, may have unduly benefited from state support when it bought Bankorp in...
(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 the free movement of persons, so that we unlock opportunities for intra-African trade, studies, business and tourism." In her remarks at the opening of the 33rd session of the AU Permanent Representatives Committee on Sunday, Dlamini-Zuma said the AU's major...
(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... I think they are the future of Ivorian football and I wish them god luck." Kalou won the man of the match award but it was Rachid Alioui who scored the only goal of the game for a Morocco side...
(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 with Beijing we’ll offer you $50 billion or even more,’’’ Barry said in an interview in the capital, Ouagadougou, this month. “Taiwan is our friend and our partner. We’re happy and we see no reason to reconsider the relationship.” Competition...
(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
(Ghana Web 01/24/17)
IVORY Coast exported 1,600 gigawatt hours (GWh) of power to neighbouring countries in 2016, about twice what it exported the year before, a senior industry official said. Total output was 10,076 GWh in 2016, up from 8,618 GWh the previous year, said Ibrahima Diaby, General Director of state oil company Petroci during the sector's annual assessment. "This is in line with our ambition of being the top energy market in West Africa," Diaby said. He said output from the Societe Ivoirienne de Raffinage (SIR) refinery reached 2,901,019 tonnes of refined oil products from January through November 2016. He said 1,748,675 tonnes were sold domestically with 1,097,220 tonnes exported. Ivory Coast, the world's top cocoa grower and the economic powerhouse of...
(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 no interest in joining the likes of Oscar and Carlos Tevez in China. "I always say that if I went to China I would end up feeling angry there," Toure said, in comments carried by several British newspapers on Tuesday...
(Cnbc Africa 01/24/17)
While Brexit and the U.S. election dominated headlines in 2016, the African continent witnessed major changes of its own. Its two largest economies were destabilized, with Nigeria being driven into recession and the South African political elite grappling for power. Conflict continued to make news, with the continuation of people trafficking across the Mediterranean and violence in South Sudan bubbling over. Macroeconomic concerns Growth in Sub-Saharan Africa fell to 1.5 percent in 2016 according to the World Bank, which deemed this "the weakest pace in over two decades." The slowdown was chiefly blamed on low commodity prices. But, the organization forecasts growth of 2.9 percent in the region for 2017. Africa's two biggest economies have a lot to account for...
(AFP (eng) 01/23/17)
Angry protests erupted in several Ivory Coast cities on Monday, including in the economic capital Abidjan where retired soldiers barricaded a major highway as a teachers' strike kept schools closed. The veterans threw up roadblocks on the main northbound highway in the morning, snarling traffic, as angry firemen blocked traffic to the east of the city. Most of the city's secondary schools remained closed as teachers remained at home as part of a two-week civil service strike to demand better pay and pensions. In the country's second city of Bouake hundreds of schoolchildren took to the streets, blocking traffic, in solidarity with the strikes. "We urge our government to settle the teachers' demands so our classes can restart," said a...
(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 made it beyond the group stage at the Cup of Nations since reaching the final in 2004 but a 3-1 win against Togo on Friday put them in a position to progress to the last eight. A draw would also...
(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 venue with Aziz Bouhaddouz, Romain Saiss and Youssef En-nesyri netting after Mathieu Dossevi had opened the scoring. DR Congo are top of Group C with four points and know a draw with Togo in their last game in Port-Gentil on...
(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 for the Congolese and Wilfried Bony and captain Geoffrey Serey Die were the Ivorian scorers.
(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 over the past eight years, with much of the continent living in the shadow of a violent extremist group: al-Shabab in Somalia and East Africa, Islamic State (IS) in Libya, al-Qaida in the Islamic Maghreb (AQIM) in Mali, the Lord's...
(AFP (eng) 01/19/17)
Ivory Coast's government on Wednesday pleaded for calm as deadly protests by angry security forces and troops spread across the country, shutting down the main port of Abidjan. In a bid to quell the rising unrest, which on Tuesday left four soldiers dead, the government pledged to improve the troops' livelihoods. "Nothing can be done so long as there is chaos," Interior Minister Hamed Bakayoko said after a cabinet meeting over the crisis. He called the growing tension "alarming", adding that he feared a "contagion" as more troops joined the revolt. A mutiny among troops over pay erupted on January 5, stoking security fears in the world's top cocoa producer. Initial protests were quelled when mutineers reached a deal with...
(Ghana Web 01/19/17)
The International Tribunal sitting on the case between Ghana and Cote d’Ivoire will determine the case before the end of 2017. A press release issued on the ITLOS website said the date was fixed after Ghana and Cote d’Ivoire had filed their memorials and responses, respectively. The statement indicated that preliminary issues on whether or not Ghana should be stopped from all activities at the disputed area were resolved in April 2015. The dispute was submitted by way of a special agreement between the two countries, to a special chamber of the tribunal, formed in application of Article 15, Paragraph 2 of the Statute by Order of the Tribunal dated January 12, 2015. The Tribunal recounted that, on February 27,...

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