Monday 22 May 2017
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much as 60 billion rand ($4.5 billion), said Evan Walker, a money manager at 36one Asset Management in Johannesburg, although the valuation could also be as low as 40 billion rand depending on how much debt...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the Indian Ocean, beginning with the kidnapping of a Sri Lankan crew from the Aris 13 oil tanker on March 13th (they were later released without a ransom). Nobody thinks the problem will end until a stable government is restored in...
(Financial Times 05/08/17)
Hussein warns autocratic regime of need for ‘more open democratic space’. The Ethiopian government is putting more than a decade of economic development at risk by banning meaningful political opposition, muzzling the media and suppressing civil society, the UN’s human rights chief has warned. Zeid Ra’ad al-Hussein, the UN high commissioner for human rights, said there “appears to be a clear need” for Addis Ababa to “ensure a far more substantive, stable and open democratic space for all its people”...
(Dw-World 05/08/17)
UN human rights chief Zeid Ra'ad Al Hussein tells DW that despite Ethiopia's tremendous economic and sociocultural advances, the government there should allow the opposition, free media and rights council to thrive. The Ethiopian government has rejected requests by the United Nations and the European Union to investigate months of anti-government protests that left hundreds dead. Prime Minister Hailemariam Desalegn said not allowing an outside investigation was an issue of sovereignty. Ethiopia's Human Rights Commission has said at least 669...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...
(Voice of America 05/03/17)
Ethiopia’s state of emergency has seen thousands of people detained, allegedly in connection with the unrest last year in the Oromia region. Those arrested have included journalists and bloggers. VOA sat down with three of them in Addis Ababa ahead of World Press Freedom Day (May 3). University lecturer and commentator Seyoum Teshome was arrested in October and detained for two months after he gave a radio interview to Deutsche Welle in which he criticized the government. Since his release,...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Voice of America 04/28/17)
Kenya and Ethiopia have used excessive force against Somali civilians amid efforts to halt cross-border attacks by al-Shabab, according to an internal report by aid agencies working in Somalia. The report, obtained by VOA's Somali Service, says Kenya has carried out dozens of airstrikes targeting pastoral communities in Somalia's Gedo region since June of 2015. It says Kenyan Wildlife Service personnel pressed into border patrol duty have targeted people with arbitrary arrests and extrajudicial killings. The report says Ethiopia deployed...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(AL Jazeera 04/27/17)
Relations may be tense between the neighbouring countries but some Eritreans are crossing the disputed border. The disputed border town of Badme is where war broke out between Ethiopia and Eritrea in 1998. It lasted for two years and devastated both countries. In 2002, a Hague boundary commission ruled that Badme was part of Eritrea. It was a ruling that both countries initially accepted. But Ethiopian troops continue to occupy the town. Nowadays an uneasy standoff exists between the two...
(Bloomberg 04/26/17)
Pizza Hut is set to open three outlets in Ethiopia this year, becoming one of the first international restaurant chains to enter Africa’s second-most populous country. The restaurants are scheduled to begin serving in the capital, Addis Ababa, by November, franchisee Aschalew Belay said in an interview Monday. Aschalew’s company, Belayab Foods and Franchise, will run the local outlets of the Yum! Brands Inc. pizzeria and will have invested $5.5 million in the operations by next year, according to his...
(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...
(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...
(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...

Pages