Monday 26 June 2017
(Bloomberg 04/27/17)
Ivory Coast plans to sell at least $1 billion in Eurobonds by the end of July to raise funds for infrastructure projects, the country’s first issuance of international debt since 2015, according to two people with knowledge of the plans. The government is negotiating to sell bonds with 10-year maturity and the sale will probably happen in June or July, according to the people, who asked not to be identified because a public announcement hasn’t been made. The West African nation is yet to decide which banks will be hired as financial advisers and a roadshow will be held in London and the U.S., according to the people. Ivory Coast sold $1 billion of debt in 2015 and $750 million...
(Xinhuanet 04/27/17)
The West African bloc is seeking to strengthen the role of the private sector in health service delivery in the sub-region as financing sources become increasingly difficult, Dr. Xavier Crespin, Director General of the West African Health Organization (WAHO), disclosed here on Monday. He explained that, for the sub-region to be able to attain its health targets, both public and private sector support would be critical in financing the health delivery needs of the countries. Dr. Crespin emphasized this during the opening of a day’s sub-regional meeting for both public and private sectors organized by WAHO here to develop a strategic framework for Public-Private Partnership (PPP) in the health sector. “We cannot really continue to do ‘Business as Usual’. It...
(Business Day Ghana 04/27/17)
There are currently 960 million mobile subscriptions across Africa – an 80 percent penetration rate among the continent’s population. Internet penetration is at 18 percent with 216 million internet users, according to the latest Jumia mobile trend report for Africa. The 2017 edition of the African Mobile Trends Paper is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria. The study takes a look at the how the market has democratised mobile internet use, the consumer behaviours driving increased smartphone adoption and the role of mobile brands, mobile operators and m-commerce in creating a synergy of an enhanced customer experience. This year’s Mobile Africa Study was carried out in 15 African countries which...
(Xinhuanet 04/26/17)
The Belt and Road (B&R) Initiative is a golden opportunity to bring about regional integration and sustainable economic growth for Africa, said Berhane Gebre-Christos, special envoy of the Ethiopian Prime Minister, on Tuesday. The special envoy made the remarks at the opening of a seminar organized on the B&R Initiative in Ethiopia's capital Addis Ababa. Welcoming the initiative, the special envoy said he is looking forward to the expected effects of the initiative. "The B&R is a project that will affect millions of people, and it will be one of the most important issues of the 21st century," he said, adding that the comprehensive approach of China means that the aspirations and development strategies of all countries involved will be...
(AFP (eng) 04/24/17)
A new malaria vaccine will be tested on a large scale in Kenya, Ghana and Malawi, the World Health Organization said Monday, with 360,000 children to be vaccinated between 2018 and 2020. The injectable vaccine RTS,S could provide limited protection against a disease that killed 429,000 people worldwide in 2015, with 92 percent of victims in Africa and two-thirds of them children under five. "The prospect of a malaria vaccine is great news. Information gathered in the pilot will help us make decisions on the wider use of this vaccine," said Dr Matshidiso Moeti, the WHO's regional director for Africa. The vaccine should be used alongside other preventative measures such as bed nets, insecticides, repellants and anti-malarial drugs, the WHO...
(Bloomberg 04/20/17)
WorldRemit Ltd., a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home. The seven-year-old company, in which Facebook Inc.-backer Accel Partners LP invested $40 million in 2014, will this year open a regional office in South Africa, its largest market on the continent in terms of money-transfer value, founder and Chief Executive Officer Ismail Ahmed said in an interview. Another site will start operating in Kenya, where the London-based business sees Africa’s highest number of individual transactions. “In the next two years we should be doubling our volume every year,” Ahmed said in Kenya’s capital, Nairobi. The continent accounted for half the company’s...
(Xinhuanet 04/19/17)
UN Secretary-General Antonio Guterres, and the chairperson of the African Union Commission, Moussa Faki Mahamat, will convene Wedesday the first UN-AU Annual Conference. The two leaders will look into how to strengthen the partnership between the two organizations to face common challenges and opportunities in the continent, on issues of peace and security, sustainable development and human rights, said Stephane Dujarric, UN spokesman, at a daily briefing. "They will also sign the Joint United Nations-African Union Framework for an Enhanced Partnership in Peace and Security," said Dujarric. It will be the first conference Mahamat will address with the United Nation since he was elected as chairperson of the African Union Commission. Although he had brief talks with Guterres in Addis...
(AFP (eng) 04/18/17)
The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. "Growth is projected to rise to 2.6 percent in 2017 and 3.5 percent in 2018, largely driven by specific factors in the largest economies, which faced challenging macroeconomic conditions in 2016," the IMF said its latest World Economic Outlook report. A slump in commodity price in 2016 and devastating drought had affected growth in several countries in the region, resulting in 1.4 percent growth of gross domestic product (GDP). Nigeria, the continent's most populous nation and a leading oil producer, was expected to return to growth in 2017 after a challenging 2016...
(AFP (eng) 04/17/17)
Ivorians Yaya Toure of Manchester City and Wilfried Zaha of Crystal Palace starred in the English Premier League at the weekend. Retired international and four-time African Footballer of the Year Toure bossed midfield as fourth-place City triumphed 3-0 at mid-table Southampton. Winger Zaha tormented Leicester City with his pace and power to help Palace come from two goals behind and draw 2-2 in a clash of lower-half sides. ENGLAND YAYA TOURE (Manchester City) The midfielder was at his commanding best as Manchester City secured an important 3-0 win over Southampton. Needing a victory to cement their place in the top four
(Voice of America 04/17/17)
The Italian coast guard says it has rescued nearly 6,000 migrants on the Mediterranean since Friday, underscoring the continued flow of people along this dangerous route. A group of Africans living in Europe visited Cameroon this week to launch a campaign against illegal migration. The group is called “No More Death in the Desert or on the Sea.” Its mission is simple: to educate youth in Africa about the harsh realities of illegal migration. "We want to tell them that all the information people give them before they start their journey are wrong," said Nantcha. The group’s leader Sylvie Nantcha was born in Cameroon. She has lived in the German town of Freiburg for 25 years. She arrived as a...
(Reuters (Eng) 04/15/17)
An Ivory Coast court convicted six ex-soldiers for the kidnapping, torture and murder of four foreigners in 2011 during a civil war that following a disputed election, the prosecution said. Gunmen kidnapped the four victims - two Frenchmen, a Beninese and a Malaysian - from the Novotel hotel in Abidjan in April 2011 and took them to the presidential palace where they were tortured and killed, according to a court statement from the public prosecutor. The ex-soldiers, sentenced on Thursday evening, were loyal to former president Laurent Gbagbo, who triggered the conflict by his refusal in 2010 to accept defeat in a run-off against current President Alassane Ouattara. The soldiers' victims included the Novotel's French manager and French citizen Yves...
(AFP (eng) 04/13/17)
Former Ivory Coast and Chelsea star Didier Drogba on Wednesday signed for US second tier team Phoenix Rising, vowing to help the club achieve its dream of entry to Major League Soccer. A Phoenix statement said Drogba, 39, would be a member of the club's playing staff before eventually switching to an executive role. "I have taken my time in deciding what I wanted to do next and am really excited about the opportunity at Phoenix Rising FC," Drogba said in a statement. "After seeing first hand the potential for expansion of the sport in North America and getting to know the ownership group in Phoenix, I am convinced that I can help them develop their organization on and off...
(Reuters (Eng) 04/13/17)
Former Chelsea striker Didier Drogba has agreed to join second-tier United States team the Phoenix Rising in an effort to help them join an expanded Major League Soccer (MLS) competition before he takes an executive role with the team when he retires. The Arizona team added on Wednesday the Ivorian would have a "vested interest" in the franchise. The Rising compete in the second tier United Soccer League (USL), but have applied for an expansion berth in MLS, who are planning to add four new teams over the next few years with two sides named later this year. "After seeing first hand the potential for expansion of the sport in North America and getting to know the ownership group in...
(Reuters (Eng) 04/13/17)
Ivory Coast and Ghana, the world’s top cocoa producers, will deepen collaboration in order to coordinate their production strategies to tackle price volatility, the heads of the two country’s marketing boards said on Wednesday. The two countries plan to hold regular meetings and are establishing a technical committee to discuss how best to manage production and ensure sustainability, they said following a meeting in Ivory Coast’s commercial capital, Abidjan. The two west African countries have been liaising on the front of cocoa smuggling across their respective borders. Farmers on both sides are known to try selling their produce where they are likely to get the best deal leading to cases of smuggling. Ghana recently announced plans to introduce hand pollination...
(AFP (eng) 04/13/17)
Africa's Matabele ants, fierce predators of termites, rescue their wounded soldiers and bring them back to the nest where they are "treated," a new study showed Wednesday. This helping behavior for the injured is the first to be detected in the insect world, according to an article in the US journal Science Advances by a German research team at the University of Wuerzburg's Biocentre. The ants, formally known as Megaponera analis, are widespread south of the Sahara on the continent. Two to four times a day, they set out in long files on raids to kill worker termites at their foraging sites. But the attacks meet strong resistance from soldier termites guarding the worker termites, which have powerful jaws that...
(AFP (eng) 04/11/17)
El Nino, the cyclical climatic phenomenon in the Pacific Ocean, is linked to shifts in cholera cases in Africa, providing an early warning that could save lives, scientists said Monday. During the years when El Nino is warming the eastern Pacific, East Africa has about 50,000 additional cholera cases a year, new research from the Johns Hopkins Bloomberg School of Public Health suggests. By contrast, the years when El Nino is not active, there were 30,000 fewer cholera cases in East Africa, according to the study published Monday in the journal Proceedings of the National Academy of Sciences. The researchers analyzed more than 17,000 annual observations from 3,710 different locations between 2000 and 2014 in Africa, which has the most...
(Bloomberg 04/07/17)
Heineken NV’s latest quest to seize a greater share of emerging markets has the brewer on a collision course with Groupe Castel in one of Africa’s fastest-growing economies. Officially opened on Wednesday, the Brassivoire brewery is the product of a joint venture with CFAO SA and cost 150 million euros ($160 million) to build. Located 24 kilometers (15 miles) north of the commercial capital, Abidjan, the facility is already producing Ivoire lager, a brand the world’s second-largest brewer is using to compete with market leader Castel’s Flag and Solibra Bock. “Ivory Coast is a burgeoning country,” Chief Executive Officer Jean-François van Boxmeer said in an interview at the plant. “It’s one of the fastest-growing economies in the world. Government policies...
(Reuters (Eng) 04/07/17)
Access to off-grid solar energy in rural areas of Africa goes beyond lighting up homes - it also enables people to connect to the wider world and boosts their economic prospects, said the head of one of the continent's biggest solar companies. Azuri Technologies' entry level solar system - for which customers pay a one-off installation fee, then use scratch cards or mobile phone payments to top up on a weekly or monthly basis - provides eight hours of lighting each day. Having power at home for the first time encourages customers to also buy mobile phones, radios and televisions, giving them regular access to the media and the internet, said Simon Bransfield-Garth, chief executive officer of UK-based Azuri. "This...
(Graphic Online 04/05/17)
The pollution of water bodies in the country through the activities of illegal miners is posing a threat to the quality of water in neighbouring Cote d’Ivoire. The situation, according to the Minister of Environment, Science, Technology and Innovation (MESTI), Professor Kwabena Frimpong-Boateng, had the potential to spark a misunderstanding between the sister countries if care was not taken to stop galamsey. “I went to Cote d’Ivoire last week only to be welcomed by the unpleasant news about how the effects of galamsey in Ghana have resulted in the pollution of some of their water sources. “They find it difficult to even treat the water to make it wholesome, and this is bad for us as a country because it...
(Voice of America 04/05/17)
A Red Cross report says African countries are failing their internally displaced people. Reversing that trend was the subject of a high level meeting of the International Red Cross and the African Union that wrapped up Tuesday in Zimbabwe. Africa has about 13 million internally displaced people, a third of the global number of IDPs, and more than double the amount of refugees on the continent. By definition, refugees flee across a national border, while IDPs leave their homes but stay within their own country. African Union Commission head of humanitarian affairs, refugees and displaced people Olabisi Dare says the situation of IDPs in Africa is very critical, dire and worsening. "...The issues that are generating internal displacement [are] multiplying...

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