Sunday 22 October 2017
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...
(Reuters (Eng) 08/01/17)
China formally opened its first overseas military base on Tuesday with a flag raising ceremony in Djibouti in the Horn of Africa, the same day as the People's Liberation Army marks its 90th birthday, state media said. Djibouti's position on the northwestern edge of the Indian Ocean has fueled worry in India that it would become another of China's "string of pearls" military alliances and assets ringing India, including Bangladesh, Myanmar and Sri Lanka. China began construction of a logistics base in Djibouti last year. It will be used to resupply navy ships taking part in peacekeeping and humanitarian missions off the coasts of Yemen and Somalia, in particular. It is China's first overseas naval base, though Beijing officially describes...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands in 2015. The British broadcaster said the bribery was revealed by a former employee, Paul Hopkins. At the time, BAT said “we do not tolerate corruption in our business, no matter where it takes place.” The SFO investigation adds to...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 percent, ending more than 90 years as a major presence in the continent as it shifts its focus back to Britain and the United States. The losses from the sale of unwanted assets including the Africa business showed the costs...
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with Jean David Mihamle.
(Voice of America 07/25/17)
European and African ministers are meeting in Tunisia about efforts to regulate the flow of refugees from Africa to Europe, primarily along the deadly central Mediterranean route originating in Libya. In a declaration Monday in Tunis, the capital, the ministers said they agreed on a multi-pronged approach to the crisis, including informing people about the risks of illegal migration and the possibility of voluntarily returning home, addressing why migrants leave home and beefing up actions against human traffickers. Participating in the meetings were interior ministers from Algeria, Austria, Chad, Egypt, France, Germany, Italy, Libya, Mali, Malta, Niger, Slovenia, Switzerland, Tunisia and Estonia, which currently holds the EU Council presidency. Through the first half of 2017, nearly 84,000 migrants arrived in...
(AFP (eng) 07/21/17)
The 2019 Africa Cup of Nations will expand from 16 to 24 teams and be staged in June and July, the Confederation of African Football (CAF) announced on Thursday. The tournament has traditionally been held in January and February, with the timing of the tournament a source of frustration to European clubs forced to release players in the middle of the season. The CAF executive committee confirmed the changes to the format following a two-day symposium in Rabat, although the tournament will continue to be held every two years and exclusively on African soil. The decision to increase the number of teams mirrors a similar one taken by UEFA to expand the European Championship, with 24 nations taking part at...
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread and protracted period of policy easing. This will provide a boost to growth," said John Ashbourne, Africa analyst at Capital Economics. Ghana, which agreed a three-year fiscal discipline deal with the International Monetary Fund in exchange for aid in 2015,...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30 million mobile-banking customers, giving them “a very sizeable platform on the continent,” he said. Vodacom’s purchase of the Safaricom stake from U.K. parent company Vodafone Group Plc gives the South African company access to the fast-growing M-Pesa platform, which processed...
(Reuters (Eng) 07/18/17)
Three years after he risked his life crossing the Mediterranean Sea from Libya to Italy on a small boat crammed with migrants, 22-year-old Sow Muhammed can hardly believe his luck. The former street hawker from Guinea now works as a caterer in Venice, rents his own apartment, and sends money back home regularly to his mother and siblings in the West African nation. "I am happy I came to Europe, and my family is also happy," he told the Thomson Reuters Foundation as he packed up leftovers at a training event for people who work with refugees, where he had served a menu which included traditional African dishes. "I talk to my family frequently, ask them their needs, and help...
(APA 07/17/17)
The Inter-Governmental Authority on Development (IGAD) on Saturday adopted a regional biodiversity protocol and related strategies at the conclusion of a two-day meeting in Addis Ababa, Ethiopia. Executive Secretary of IGAD Mahboub Maalim said the protocol would help to mobilize resources and create much more cooperation on the issue of ecosystem development in the region. IGAD ministers of environment approved the protocol on biodiversity management, which the Maalim described as a milestone achievement. According to Maalim, regional economic integration in the Horn of Africa could be realized through prudent management of natural resources and trans-boundary ecosystems. Recently, Ethiopia and Kenya launched a cross-border program which is the first of its kind. “We are building on that high-level political support to...
(Xinhuanet 07/17/17)
Africa is making progress towards the establishment of a trade zone by Oct. 30 that will cover approximately half of the continent's member states. The Common Market for the Eastern and Southern Africa (COMESA) Director of Trade and Customs, Francis Mangeni, said in a commentary published in the Star Newspaper on Monday that so far 19 of the 26 countries involved have signed the agreement. "Three outstanding annexes had meant the tripartite agreement was not complete and this was advanced by some countries as the reason they could not sign or ratify the agreement. However their adoption represented a milestone in the negotiation, as it removed the last obstacle to signing and ratifying the agreement," Mangeni said. The tripartite free...
(Xinhuanet 07/13/17)
The UN food agency on Thursday called on countries in the Horn of Africa region to embark on radical overhaul of agricultural policies coupled with targeted investments in climate resilience in order to contain endemic food insecurity. The UN Food and Agriculture Organization (FAO) Representative in Kenya Gabriel Rugalema said that robust policy frameworks, increased funding and technology adoption were required to enhance food production in the Horn of African region amid harsh climatic conditions. "The Horn of African region is facing the worst food crisis in recent history but the situation can be reversed if countries explore new policies, technologies and innovations to enhance resilience of farming and pastoralism," said Rugalema. He spoke in Nairobi during a forum on...
(AFP (eng) 07/12/17)
China has deployed troops to its first overseas naval base in Djibouti, a major step forward for the country's expansion of its military presence abroad. Chinese sailors sailed out of a naval base in Zhanjiang in the southern province of Guangdong on Tuesday and towards the Horn of Africa nation, according to a statement posted on the defence ministry's website. The logistics base is the first of its kind for China, which will use it to support "naval escorts in Africa and southwest Asia, (UN) peacekeeping and for humanitarian support," the statement said. It will also allow China to evacuate its nationals in a crisis, support anti-piracy activities off Somalia and work with other nations to "jointly defend the security...
(BBC 07/12/17)
Ships carrying Chinese troops are heading to Djibouti to set up Beijing's first overseas military base, reports state media. China says the support base will be used for peacekeeping and humanitarian aid in Africa and West Asia. It will also be used for military co-operation, naval exercises and rescue missions, Xinhua said. China has ramped up investment in Africa, as well as rapidly modernised its military in recent years. The Xinhua report said the ships departed from the port city of Zhanjiang in China's southern Guangdong province on Tuesday. Read more at: http://www.bbc.com/news/world-asia-china-40578106
(Xinhuanet 07/12/17)
China on Wednesday said the establishment of a Chinese People's Liberation Army (PLA) support base in Djibouti is a decision made by the two countries after friendly negotiations and will be conducive to China's performance of international obligations. Foreign Ministry spokesperson Geng Shuang made the remarks at a daily press briefing. He said that in accordance with UN Security Council resolutions, China has deployed vessels to the Gulf of Aden and the waters off the Somali coast on escort missions since 2008. During the process of escorting, Chinese officers and men encountered difficulties in replenishing food and fuel, and Djibouti offered logistical support in multiple instances. Geng said the support base will better serve Chinese troops when they escort ships...
(Cnbc Africa 07/12/17)
"Africa is an awakening giant," according to the former South African President Frederik Willem de Klerk speaking at the World Petroleum Congress in Istanbul. The leader who oversaw the transition of his country's power to Nelson Mandela said Tuesday that the future looks bright for a continent previously blighted by war, famine and a lack of infrastructure. "I believe Africa is an awakening giant and, yes, it is not performing according to what we expected soon enough, but it will perform," he said. De Klerk believes that African countries are primed to take advantage of the world's growing size. "If we look at food shortages for the rest of the world with a growing population, Africa is the solution," he...
(The Associated Press 07/11/17)
China on Tuesday dispatched members of its People’s Liberation Army to the Horn of Africa nation of Djibouti to man the rising Asian giant’s first overseas military base, a key part of a wide-ranging expansion of the role of China’s armed forces. The defense ministry said on its website that a ceremony was held at a naval peer in the southern Chinese port of Zhanjiang presided over by navy commander Vice Adm. Shen Jinlong. It said the personnel would travel by navy ship but gave no details on numbers or units. Photos on the website showed naval officers and marines in battle dress lining the rails of the support ships Jingangshan and Donghaidao. China says the logistics center will support...
(Xinhuanet 07/11/17)
ZHANJIANG, Guangdong -- Ships carrying Chinese military personnel departed Zhanjiang in southern China's Guangdong Province on Tuesday to set up a support base in Djibouti. Shen Jinlong, commander of the People's Liberation Army (PLA) Navy, read an order on constructing the base in Djibouti, and conferred military flag on the fleets. The establishment of the PLA Djibouti base was a decision made by the two countries after friendly negotiations, and accords with the common interest of the people from both sides, according to the PLA navy. The base will ensure China's performance of missions, such as escorting, peace-keeping and humanitarian aid in Africa and west Asia. The base will also be conducive to overseas tasks including military cooperation, joint exercises,...
(Voice of America 07/11/17)
In the past five years, terrorist attacks have killed nearly 20,000 people across Africa. Two groups, Boko Haram and al-Shabab, accounted for 71 percent of reported incidents and 91 percent of fatalities. But, while these and other militant groups remain active, fatal terrorist attacks across the continent are on pace to fall for a second straight year, and the total number of attacks is running far below 2012 highs. These findings are part of VOA’s original analysis of data from ACLED, the Armed Conflict Location and Event Data Project. ACLED tracks political violence, protests and terrorist events across Africa. Their reports include attacks since 1997 based on data collected from local news media, government statements, non-governmental organizations and published research...

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