| Africatime
Tuesday 25 April 2017
(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...
(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...
(Bloomberg 04/05/17)
Sudan will receive electricity from Ethiopia’s flagship dam via a transmission line once Africa’s biggest hydropower plant is complete, the two countries’ leaders said. The line will connect the Grand Ethiopian Renaissance Dam on the Blue Nile River with Sudan’s capital, Khartoum, Ethiopian Prime Minister Hailemariam Desalegn said Tuesday. Sudanese President Umar al-Bashir, addressing reporters alongside the premier in the Ethiopian capital, Addis Ababa, praised an existing road and telecommunications networks connecting the neighboring nations. He also mentioned plans for...
(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...
(Financial Times 04/04/17)
Countries should develop policies to attract labour-intensive production leaving China. China’s initial wave of investments in Africa focused on natural resource extraction. Their demand for metals and energy was so large that it actually boosted global commodity prices overall, which in turn accelerated growth across the African continent. These times of China propping up global commodity prices are now over, as it has built up excess capacity in many sectors and now faces slow investment growth. This lower demand has...
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages...
(Bloomberg 03/20/17)
Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses to groups of unemployed youths. The Nigerian company, controlled by Africa’s richest man, Aliko Dangote, and others such as Saudi billionaire Mohammed al-Amoudi’s Derba MIDROC Cement Plc, should allow the youth to run their pumice mines, according to a draft contract drawn up by Oromia state’s East Shewa Zone administration this month. Pumice is an additive used in cement...
(Bloomberg 03/20/17)
The European Union said it’s giving an extra 165 million euros ($178 million) to battle humanitarian crises in East Africa, including a famine in South Sudan and drought in Somalia. From the total, 100 million euros will be allocated to help responses to the crisis in South Sudan and an influx of its refugees to neighboring countries, the EU said Monday in an emailed statement. Humanitarian assistance for droughts in Somalia, Ethiopia and Kenya will be targeted with 65 million...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(BBC News Africa 03/14/17)
Twenty-one rhino horns worth an estimated $5m have been seized in Thailand after being found in luggage sent from Ethiopia in the biggest such haul in years. The seizure comes days after 300kg of elephant ivory was also impounded in the country. Thailand is seen as a transit point for the illegal trafficking of wildlife. Several species of rhino are at critical risk of extinction, conservationists say. The horns arrived at Bangkok's international airport where two Thai women who had...
(BBC News Africa 03/14/17)
Twenty-one rhino horns worth an estimated $5m have been seized in Thailand after being found in luggage sent from Ethiopia in the biggest such haul in years. The seizure comes days after 300kg of elephant ivory was also impounded in the country. Thailand is seen as a transit point for the illegal trafficking of wildlife. Several species of rhino are at critical risk of extinction, conservationists say. The horns arrived at Bangkok's international airport where two Thai women who had...
(Voice of America 03/09/17)
U.N. Secretary-General Antonio Guterres warned Wednesday that East Africans are facing starvation and that the situation might worsen if nothing is done to avert the crisis. The United Nations estimates more than 17 million people are facing hunger in nine countries. Somalia is facing its second famine in less than six years, South Sudan has declared some parts of the country in famine, and Kenya's government declared the drought there a national disaster. More than 10 million people are going...
(Dw-World 03/08/17)
The Menschen für Menschen charity has said 5.7 million Ethiopians could die of a lack of food. Part of the problem is that other countries are faring even worse and thus getting most of the publicity. Some 6 percent of Ethiopia's population of 98 million suffers from food shortages resulting from a catastrophic drought in the eastern African country. But that doesn't qualify as a risk of famine for the United Nations, which defines the term as 20 percent of...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Dw-World 02/27/17)
The World Mobile Congress gets underway in Barcelona on Monday and one highlight is the reported relaunch of the Nokia 3310. In parts of Africa, simpler phones are coveted because they are robust and cheap. Melaketsehay Melese, a 33 year old resident of Addis Ababa, capital of Ethiopia, is known among friends and colleagues for being tech savvy. With his two jobs, as graphic designer and computer programmer, he's familiar with all the latest gadgets. He's often to be seen...
(The Guardian 02/27/17)
Bezawit Hailegiorgis says western powers could help free Anania Sorri, one of tens of thousands held in Ethiopia since last year. The wife of a blogger and journalist detained in Ethiopia has called on the international community to pressure local authorities to release her husband, who is among tens of thousands held since a state of emergency was declared in the emerging east African power last year. Anania Sorri, a 34-year-old writer and intellectual, was arrested in November on his...
(Bloomberg 02/23/17)
Ethiopia may finance a road linking it with South Sudan’s largest oilfields, allowing the war-torn country to sell its neighbor fuel produced at a planned new refinery, a South Sudanese official said. The plan for a road linking the Paloch oilfields in South Sudan’s Upper Nile region with Malakal city and western Ethiopia is among the memoranda of understanding President Salva Kiir is due to sign this week during a visit to Ethiopia, according to Mayik Ayii Deng, a minister...

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