| Africatime
Saturday 25 March 2017
(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 manufacturing and its extraction is overseen by local bureaucrats, rather than Ethiopia’s central government. “The youth have to get the advantage from the resource, and side-by-side the companies must get advantage from this resource,” Yohan...
(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 euros. The new funds will “scale up and strengthen” the more than 400 million euros that the EU allocated last year to address the crises and the impact of the El Nino weather phenomenon on the region, the EU said...
(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...
(Dw-World 02/23/17)
The Ethiopian government has been trumping the country's recent economic success. But a new plan to employ young people appears to be more about quelling protests than providing employment. The town of Ambo is located in the Oromo region of Ethiopia, 120 kilometers (75 miles) west of Addis Ababa and is known as the kicking off point of the protests against the infamous re-zoning plan of the government almost three years ago. Reports show that security forces responded to the...
(Dw-World 02/22/17)
For the last two decades, the Ethiopian government has been trumping the country's economic successes , which earned it the title the "African Tiger." However the youth appear to have been left behind. The town of Ambo is located 120 kilometers (75 miles) west of Addis Ababa and is knows as the kicking off point of the protests against the infamous re-zoning plan of the government almost three years ago. Reports show that security forces responded to the protests with...
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in...
(AL Jazeera 02/16/17)
Investing in localised initiatives to mitigate drought can help the continent to break the cyclic nature of disasters. The United Nations Food and Agriculture Organization (FAO) recently declared that millions of citizens in the Horn of Africa face food shortages. Owing to a persistent lack of rainfall between October and December, as many as 12 million people across Ethiopia, Kenya and Somalia are in dire need of food assistance. But this is not new. Almost every year, around the same...
(Voice of America 02/15/17)
Ethiopia opened its Gibe III dam in December 2016 in the lower Omo Valley as part of a large project that includes sugar and cotton plantations, as well as dams. Water started collecting in a reservoir behind the dam in 2015, preventing it from flowing downstream to Lake Turkana in neighboring Kenya. Human Rights Watch says little is being done by either government to mitigate the impact and that as the plantations are developed, even more water will be diverted...
(Voice of America 02/14/17)
U.S. President Donald Trump made his first phone calls to African heads of state Monday, speaking with Nigerian President Muhammadu Buhari and South African President Jacob Zuma. Nigeria and South Africa said the calls were made at the request of the U.S. president, who until now has said little about Africa or African issues since assuming office last month. The Nigerian presidency said Trump and Buhari discussed issues of terrorism, and said Trump assured Buhari the United States is ready...

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