Gabon | Africatime
Thursday 23 March 2017

Gabon

(Reuters (Eng) 03/23/17)
N'DJAMENA French far-right presidential candidate Marine Le Pen pledged on Wednesday to break with her country's decades-old relationship with Africa known as "Francafrique" and abolish the CFA franc currency policy that binds Paris and its former colonies. Francafrique describes an informal web of relationships Paris has maintained with its former African colonies and its support, sometimes in the form of military backing, for politicians who favor French business interests. Le Pen, one of the frontrunners in the presidential election, spoke at the end of a two-day visit to Chad where she sought to outline her policies regarding the continent, which has long held an important place in French foreign policy. "It was only in coming...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses with hooves chopped off are...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(AFP (eng) 03/18/17)
Pierre-Emerick Aubameyang, the Bundesliga's top-scorer, claimed his 23rd goal in as many league games as Borussia Dortmund laboured to a 1-0 home win over strugglers Ingolstadt on Friday. Aubameyang's first-half winner was his 30th goal in all competitions for Dortmund this season. Borussia remain third in the table, narrowing the gap behind RB Leipzig to three points, but 13 adrift of runaway leaders Bayern Munich. Borussia, who have drawn Monaco in the quarter-finals of the Champions League, were missing a host of stars, but there was no disguising a poor display.
(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...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(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...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(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...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(AFP (eng) 02/28/17)
The Ibrahim Prize for Achievement in African Leadership -- the world's biggest individual prize -- drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstrated exceptional leadership, served their mandated term and left office within the last three years. The award comes with $5 million (4.7 million euros) paid over 10 years and $200,000 annually for life from then on. The prize, founded by Sudan-born...
(AfricaNews 02/27/17)
The road map of dialogue proposed by Gabonese president, Ali Bongo Ondimba is becoming clearer. After the post electoral violence in August and September last year, the Gabonese president says his doors are open for dialogue. The final report of the preparatory work launched on February 15, was adopted on Monday and is expected to be summited on Wednesday to Ali Bongo Ondimba who will then decide on the date for the opening of negotiations. The dialogue is expected to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...

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(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly bludgeoned to death before being skinned in backyards and clandestine slaughterhouses. Around Mogosani village, in South Africa's North West province, residents say syndicates catch the animals in grazing fields and pens. Soon after, skinned carcasses...
(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 as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...
(AFP (eng) 02/28/17)
The Ibrahim Prize for Achievement in African Leadership -- the world's biggest individual prize -- drew a blank once again in finding a suitable laureate, it was announced Tuesday. The prize only goes to a democratically-elected African leader who demonstrated exceptional leadership, served their mandated term and left office within the last three years. The award comes with $5 million (4.7 million euros) paid over 10 years and $200,000 annually for life from then on. The prize, founded by Sudan-born...
(AFP (eng) 02/23/17)
For the first time in Africa, researchers said Wednesday they have detected a malaria parasite that is partially resistant to the top anti-malaria drug, artemisinin, raising concern about efforts to fight a disease that sickens hundreds of millions of people each year. The discovery means that Africa now joins southeast Asia in hosting such drug-resistant forms of the mosquito-borne disease. Malaria infected more than 200 million people and killed some 438,000 people worldwide in 2015, most of them children in...
(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 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route,...
(Reuters (Eng) 02/02/17)
African leaders have backed a "strategy of collective withdrawal" from the International Criminal Court (ICC), but it came with unspecified reservations, an African Union official said on Wednesday after this week's African Union summit. The official did not give details about the strategy or the reservations, but it highlights broad antipathy towards the court among Africans who feel the ICC unfairly targets them. A document seen by Reuters before the summit proposed a co-ordinated withdrawal unless the ICC was reformed...
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(Xinhuanet 01/18/17)
The Chinese government's decision to terminate ivory processing and trade by the end of 2017 marked a critical milestone in the journey toward eliminating poaching and other threats to Africa's elephant species, a conservationist group said on Wednesday. Kaddu Sebunya, president of African Wildlife Foundation (AWF) hailed China for taking bold measures to revitalize global efforts to save African elephants whose numbers had declined this decade due to poaching and climatic stresses. "The recent announcement by the central government of...
(New Vision 01/17/17)
“I can tell you that rats destroy up to 60% of health equipment in Africa,” Ssali said. Ssali sought to highlight the dangers that exist when biomedical engineers are not consulted in the management of health equipment including x-rays and CT scans. For instance, he narrated, cables of a CT scan installed at one unnamed facility were eaten up by rats, costing the institution over $5,000 to replace. Biomedical engineers are professionals who maintain and repair machines for diagnosing medical...
(AFP (eng) 01/12/17)
A powerful former minister and advisor to Gabon's President Ali Bongo has been jailed pending trial for graft in a rare move against corruption in the small oil-rich nation. Magloire Ngambia was placed in custody in a Libreville jail on Tuesday, according to the remand order released by Gabonese media. The 45-year-old former economy minister and advisor to Bongo, who quit the government in 2015, is facing charges of embezzling state funds to the tune of 500 billion CFA francs...
(AFP (eng) 01/04/17)
Italy vowed Wednesday to increase deportations of migrants whose asylum requests have been rejected, after a riot in a reception centre sparked by the death of a young woman. The country, which has been on the frontline of migrants arriving across the Mediterranean from North Africa, is pushing for an agreement with Niger and a renewed deal with Tunisia to facilitate returns. "We have saved many lives but we cannot accept rule-breaking. We need to speed up deportations," Foreign Minister...
(AFP (eng) 12/29/16)
French border police intercepted 45 African migrants who were trying to enter the country from Italy and arrested the two smugglers involved, local prosecutors said Wednesday. Travelling in two vans, 25 migrants in the first vehicle were stopped while 20 in the second breached a checkpoint at Montgenevre in southeastern France, before later being found. According to the prosecutor's office, the migrants were returned to the border and the two smugglers are to be tried in Italy.
(Reuters (Eng) 12/24/16)
A record 5,000 migrants are believed to have drowned in the Mediterranean Sea this year, following two shipwrecks on Thursday in which some 100 people, mainly West Africans, were feared dead, aid agencies said on Friday. Two overcrowded inflatable dinghies capsized in the Strait of Sicily after leaving Libya for Italy, the International Organization for Migration (IOM) and the U.N. refugee agency UNHCR said. "Those two incidents together appear to be the numbers that would bring this year's total up...
(The Globe and Mail 12/23/16)
The Square Kilometre Array will be the world’s most powerful radio telescope, opening new frontiers in our understanding of the universe. But the builders have to contend with an unforgiving climate and other formidable challenges first, In the desolate rocky plains of the Great Karoo, the dangers are endless. Scorpions and puff adders are underfoot. The harsh sun beats down, interrupted only by occasional lightning storms. Temperatures range from stifling heat to freezing cold. But at night, in the vast...

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(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More...
(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 rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened." Flowers estimated that she...
(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...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(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...
(Xinhuanet 02/22/17)
Africa Energy Indaba, the continent's premier energy event, kicked off in Johannesburg on Monday with the aim of finding solutions to the continent's energy future. The three-day conference is being attended by the governments' representatives, business and funders. The meeting seeks to unleash the continent's potential by coming up with an energy mix to develop Africa. Dr. Garth Strachan, Deputy Director General and Head of Gas Industrialization Unit in South Africa's Department of Trade and Industry said the recent discoveries...
(AFP (eng) 02/15/17)
Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy broadly available, developing renewable power sources and increasing efficiency, the inaugural Regulatory Indicators for Sustainable Energy report said. In a survey of 111 countries, the World Bank found that through 2015 nearly 80 percent had begun...
(Standard Digital 02/09/17)
Hundreds of business and political personalities yesterday attended a German-African economic summit in Nairobi, where German Minister for Economic Cooperation and Development Gerd Mueller talked about his “Marshall Plan” for Africa. The plan is “with Africa, not for Africa,” Mueller (pictured) said, stressing that it would be based on cooperation between equals rather than the principles of traditional development aid. The plan, which Mueller presented to the German parliament’s development committee on Wednesday, is based on fair trade conditions, investment...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax...
(Xinhuanet 01/28/17)
The African Union (AU) has been endeavoring to ensure robust, resilient and long-lasting economic transformation of Africa through promotion of infrastructure and energy development on the continent, noted Elham Mahmood Ibrahim, AU Commissioner for Infrastructure and Energy. Speaking at a press conference Friday ahead of the 28th AU leaders' summit here, the commissioner said the pan-African bloc has scored achievements in its flagship projects and programs on the development of energy, transport as well as in the information and communication...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the...
(Xinhuanet 01/26/17)
Adopting African Continental Free Trade Area (CFTA) has been named a major task for the African Union (AU) this year as the 30th session of its Executive Council opened on Wednesday. In her remarks at the opening of the meeting, Nkosazana Dlamini-Zuma, Chairperson of the AU Commission, called for member countries' commitment to meeting the first target in Agenda 2063 of commencing the CFTA by end of 2017. She underlines the need "to do what needs to be done on...
(Cnbc Africa 01/24/17)
While Brexit and the U.S. election dominated headlines in 2016, the African continent witnessed major changes of its own. Its two largest economies were destabilized, with Nigeria being driven into recession and the South African political elite grappling for power. Conflict continued to make news, with the continuation of people trafficking across the Mediterranean and violence in South Sudan bubbling over. Macroeconomic concerns Growth in Sub-Saharan Africa fell to 1.5 percent in 2016 according to the World Bank, which deemed...
(AFP (eng) 01/23/17)
Shell Gabon's 400 staff have returned to work, ending an 11-day walkout after a deal was reached with management over the planned sale of the business, union sources said Monday. "Work has resumed at all sites operated by Shell Gabon," after the government helped mediate a deal regarding workers' compensation, said the ONEP union which had originally organised the open-ended strike. Royal Dutch Shell, one of the two historic operators alongside French group Total, is selling its Gabon oil assets...
(AFP (eng) 01/16/17)
Oil giant Royal Dutch Shell will sign a deal to sell its Gabon oil assets to US fund Carlyle this month, a source close to the talks said Monday, as unions threatened further strike action. The expected sale, worth an estimated $700 million, is part of a drive by Shell to spin off a total of $30 billion worth of assets to cut debt. Shell Gabon's 400 staff started striking last week and threatened Monday to toughen their stance. The ONEP union said that Shell's withdrawal from Gabon was detrimental to staff and they should be paid damages.
(Voice of America 01/10/17)
As Gabon gets ready to host this year’s Africa Cup of Nations football (soccer) tournament, local businesses are hoping for a much needed boost to the economy. A song supporting the national team of Ivory Coast, nicknamed the Elephants, blasts through speakers at the Oyem market square in Gabon. The Africa Cup of Nations doesn’t kick off for another week, but diehard supporter Alain Traore is already here, with his music. He says his wish is for the Elephants to...
(Agence Ecofin 01/06/17)
Indian firm Aaviskaar Venture Management Services (AVMS) has announced plans to raise between $100 million and $150 million for Africa investments. “We will start the fund-raising around the middle of 2017 and we expect to close it in 2018,” said Vineet Rai, founder of Intellecap-Aavishkaar group. The new African fund will focus on investing on African low-income groups, especially in the agriculture, finance and financial technology sectors. “We will use the sow-tend-reap strategy of multiple round investing and will be...
(Agence Ecofin 01/03/17)
Gabonese subsidiary of Singapore group Olam International said it will, in 2017, focus on the Nkok privileged economic region (ZERP) as well as on transport, energy and hydraulic infrastructures. In the Nkok ZERP, the firm plans to develop 1126 ha of multi-sector industrial warehouses, to help diversify Gabon’s economy and make 100% made in Gabon products for both the local and external markets. Regarding infrastructures, besides the 2,300 km of power lines already laid for 450 villages, Olam plans to build 65 km of water pipes between Port-Gentil and Loanda’s beach. The new investments add to a hundred hydraulic standpipes already installed.
(BBC News Africa 01/03/17)
An electricity grid for the whole village Problem: A total of 1.3 billion people worldwide currently don't have electricity, according to Yale Environment 360. Getting people in rural areas on to the national grid is proving too difficult and traditional solar panels generate meagre amounts of energy. Solution: Steamaco makes solar and battery micro-grids which can work for a whole village. They are small electricity generation and distribution systems that operate independently of larger grids. How it works: Micro-grids are...

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(AFP (eng) 03/18/17)
Pierre-Emerick Aubameyang, the Bundesliga's top-scorer, claimed his 23rd goal in as many league games as Borussia Dortmund laboured to a 1-0 home win over strugglers Ingolstadt on Friday. Aubameyang's first-half winner was his 30th goal in all competitions for Dortmund this season. Borussia remain third in the table, narrowing the gap behind RB Leipzig to three points, but 13 adrift of runaway leaders Bayern Munich. Borussia, who have drawn Monaco in the quarter-finals of the Champions League, were missing a host of stars, but there was no disguising a poor display.
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines of a briefing by 2018 Games hosts Gold Coast on Wednesday. "Durban has hosted some great events, it is a fantastic city and are wonderful warm hosts with bright ambitions and great aspirations. "However, it takes more than a municipality,...
(AFP (eng) 02/15/17)
Borussia Dortmund's Thomas Tuchel has blamed Gabon striker Pierre-Emerick Aubameyang's Champions League shocker against Benfica on a loss of fitness at the Africa Cup of Nations. Tuchel hauled off Aubameyang moments after the 27-year-old missed a penalty in the 1-0 last 16 first leg defeat in Lisbon. It was one of four clear chances spurned by Aubameyang, the Bundesliga's top scorer with 17 goals. "'Auba' has been physically behind since returning from the Africa Cup," explained Tuchel. "After the missed...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(AFP (eng) 01/31/17)
Built in rainforest outside Gabon's fourth largest town as one of the venues for the Africa Cup of Nations, the Oyem stadium risks becoming a white elephant now the tournament has moved on. Ghana beat DR Congo at the venue in the quarter-finals on Sunday, the last of seven matches to be played at the stadium during the competition. It is anyone's guess when the next game will be held. Not least because construction work has not actually finished, and...
(AFP (eng) 01/24/17)
Sporting agony in the shape of an early elimination from their own Africa Cup of Nations has only added to the other woes facing Gabon, a country already in the midst of a political and economic crisis. "The Africa Cup of Nations is not finished. I encourage all football lovers to enjoy the quality of the remaining matches," said president Ali Bongo in a statement released following Sunday's 0-0 draw with central African neighbours Cameroon in Libreville. That result, Gabon's...
(AFP (eng) 01/23/17)
Africa Cup of Nations hosts Gabon crashed out of the competition in the group stage on Sunday after a goalless draw with Cameroon, who advance to the last eight. Gabon were left to regret an inability to convert their chances at the Stade de l'Amitie in Libreville, including one spectacular early miss from star man Pierre-Emerick Aubameyang. Denis Bouanga then hit the post in the fourth minute of added time as they were held to a third consecutive draw in Group A, their hopes of winning the trophy for the first time on home soil ended in agonising fashion.
(AFP (eng) 01/23/17)
Gabon coach Jose Antonio Camacho refused to discuss his own future as he said bad luck was to blame for the hosts' early exit from the Africa Cup of Nations on Sunday. "I am sorry for the fans and for the team. We went out to win the game but football is not fair, and we hit the post in injury time before their goalkeeper made a great save from the follow-up," said Camacho after a 0-0 draw with Cameroon...
(AFP (eng) 01/23/17)
Gabon talisman Pierre-Emerick Aubameyang admitted that the Africa Cup of Nations hosts had blown their chance and blamed a poor build-up to the tournament after they were sent packing in the group stage on Sunday. "We had chances. Unfortunately there are days when it doesn't go in," said the Borussia Dortmund striker, who missed a glorious early opportunity for the Panthers as they drew 0-0 with Cameroon in Libreville. Denis Bouanga also struck the post in stoppage time before Didier...
(AFP (eng) 01/23/17)
Burkina Faso and Cameroon secured progress to the quarter-finals of the Africa Cup of Nations on Sunday as hosts Gabon crashed out. Gabon were held to a 0-0 draw by Cameroon in Libreville, and their opponents went through to the last eight as runners-up in Group A. Burkina Faso won the group on goal difference after a 2-0 victory against Guinea-Bissau in Franceville. A Rudinilson Silva own goal and a Bertrand Traore effort gave 2013 runners-up Burkina Faso the win...
(AFP (eng) 01/19/17)
Cameroon closed in on the quarter-finals of the Africa Cup of Nations by beating Guinea-Bissau 2-1 on Wednesday while hosts Gabon were left still waiting for a win despite another goal from Pierre-Emerick Aubameyang. The Indomitable Lions came from behind to defeat Guinea-Bissau with Sebastien Siani and Michael Ngadeu netting after Piqueti's contender for goal of the tournament had given the debutants the lead. Cameroon now know a draw against Gabon in their final Group A game on Sunday will secure them a place in the last eight after a build-up to the finals marred by the refusal of several
(AFP (eng) 01/14/17)
The Africa Cup of Nations gets underway in Gabon on Saturday afternoon as the hosts, spearheaded by the brilliant Pierre-Emerick Aubemayang, face minnows Guinea-Bissau in the tournament's opening game in Libreville. The Panthers, coached by veteran Spaniard Jose Antonio Camacho, are looking to the French-born Borussia Dortmund striker to lead their bid to win the continental title for the first time, 60 years on from the inaugural Cup of Nations. "Pierre is one of the best players in the world. Gabon are lucky to have him," Camacho admitted at a press conference on Friday in the Gabonese
(AFP (eng) 01/12/17)
Nigeria boast one of the strongest current national teams in Africa, but will not be among the 16 countries challenging for the 2017 Africa Cup of Nations title from Saturday. The 'Super Eagles' were much less formidable early last year and taking only one point of a possible six against Egypt condemned them to second place in a qualifying group. Ordinarily, Nigeria could have squeezed through as one of the best two runners-up, but the withdrawal of Chad reduced the...
(AFP (eng) 01/09/17)
A new-look Ivory Coast will defend their Africa Cup of Nations title while the hosts' lightning-quick striker Pierre-Emerick Aubameyang leads the cast of superstar names as the 2017 tournament begins in Gabon on Saturday. As Borussia Dortmund striker Aubameyang prepares to carry the hopes of the small central African nation on his shoulders at the biennial African football showpiece, the fleet-footed Riyad Mahrez will aim to top a magnificent 12 months by taking Algeria to the February 5 final and...
(AFP (eng) 01/09/17)
Gabon witnessed one of the most sensational finishes to an Africa Cup of Nations tournament when no-hopers Zambia stunned the Ivory Coast to win the 2012 final. Zambia failed to qualify this time, but the Ivorians will be among the favourites again when the competition returns to the central African state with the first fixtures scheduled for Saturday. AFP Sport rates the chances of the 16 challengers for the $4 million (3.8 million euros) first prize (last three competitive results...
(AFP (eng) 01/06/17)
Lost luggage left Borussia Dortmund striker Pierre-Emerick Aubameyang under-dressed at African football's glitzy annual award ceremony, organisers said on Friday. Aubameyang jetted in to the Nigerian capital, Abuja, as the reigning Confederation of African Football (CAF) footballer of the year. But while his peers and dignitaries were dressed formally, the 27-year-old Gabon forward was forced to attend the ceremony in casual clothing, including a T-shirt and baseball cap. "Aubameyang only arrived at the Hilton Hotel in Abuja an hour before...
(AFP (eng) 01/05/17)
With just days to go before Pierre-Emerick Aubameyang's Gabon begin their quest to win the Africa Cup of Nations on home soil, the mood in the host nation remains gloomy. While the final touches are being put on the four stadiums due to host matches in the January 14-February 5 tournament, the small central African state remains in the midst of a social and political crisis. On the streets of the capital Libreville, decorated with banners advertising the upcoming continental...
(AFP (eng) 01/04/17)
Borussia Dortmund dismissed as "hypothetical" reports Wednesday that star striker Pierre-Emerick Aubameyang could be heading to big-spending Chinese outfit Shanghai SIPG for a record 150 million euros. "Borussia Dortmund has no information on this and we do not concern ourselves with hypothetical things," spokesman Sascha Fligge told German news agency DPA. Earlier Wednesday, a journalist with Italy's Gazzetta dello Sport tweeted: "Boom! Aubameyang receives an offer of 41 million euros a year from Shanghai and 150 million euros for Borussia Dortmund. The two would be world records."
(AFP (eng) 12/28/16)
Borussia Dortmund star Pierre-Emerick Aubameyang and Juventus midfielder Mario Lemina head Gabon's Africa Cup of Nations squad unveiled Tuesday by the hosts' manager Jose Antonio Camacho. Also figuring in the 23-player list for the Jan 14-Feb 5 continental showpiece is Bruno Ecuele Manga, a defender with English Championship side Cardiff City, China-based striker Malick Evouna and Didier Ndong with Premier League strugglers Sunderland. Gabon co-hosted the 2012 Nations Cup with Equatorial Guinea, making it into the quarter-finals. The Panthers are...
(AFP (eng) 12/19/16)
Ghana's Daniel Amartey struck late to salvage a draw for Premier League champions Leicester, and African Footballer of the Year Pierre Emerick Aubameyang's 16th Bundesliga goal rescued a point for Bayern Munich. ENGLAND DANIEL AMARTEY (Leicester) The Ghana midfielder capped a thrilling Leicester fightback with the late equaliser that rescued a 2-2 draw at Stoke on Saturday. Amartey had gone 19 games without a goal as he struggled to make an impact with the Premier League champions following his pre-season...

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(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to the West, criticism of the International Monetary Fund and World Bank, and pride in being African. One of 20 feature-length movies on show at the Panafrican Film and Television Festival (Fespaco) in Burkina Faso's capital...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset by customs officers, thieves, murderers and rapists. The film -- the first feature-length film to show at the festival -- deals with "the bravery of women," Traore told AFP at the festival in the Burkinabe capital Ouagadougou. "There is a...
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(AFP (eng) 10/11/16)
Raised on the backstabbing intrigue of 1980s American soaps "Dallas" and "Dynasty", and later, the heady drama of South American telenovelas, Africans are enjoying a surge in local TV content they can finally identify with. It took a while, but in the past decade local programming has soared in sub-Saharan Africa's key economies, a rise driven by both foreign satellite networks and television stations on the continent. This growth has delivered up local shows such as Kenya's comedic "Real Househelps...
(AFP (eng) 09/23/16)
A century after the project was conceived in the throes of racial segregation, and a few months before the first black US president leaves office, the African American Museum in Washington opens Saturday. Here are key facts about the first national museum devoted entirely to showcasing African Americans' life, history and culture. - 1915: A project 101 years old The effort to open, in the US capital, a museum dedicated to the history of the black community "began more than...
(The East African 09/10/16)
The Pan African Federation of Filmmakers (FEPACI) is seeking to raise $200 million from partners over the next two years to fund the continent's audiovisual and cinema sector. The funds will be used to establish centres of excellence in the five regions - East Africa, North Africa, Central Africa, Southern Africa, and West Africa -- and the locations will be decided by the African Council of Ministers of Culture. The money will be used to improve the quality and quantity...
(BBC News Africa 07/28/16)
A 17-year-old from Gabon has said he is "overwhelmed" after the Canadian pop star Celine Dion shared a video of him performing one of her hits. The video of the boy, Samuel, singing The Power of Love while sitting on a staircase in Libreville, has attracted millions of views on Facebook. "Samuel, your talent is as big as your voice," Dion wrote. "I hope we have the chance to meet one day." The song, originally by Jennifer Rush, was a...
(Voice of America 07/04/16)
To the beat of African drums, a few dozen people gathered at Dallas City Hall Friday to officially kick off the three-day African Film Festival. The event showcases films made by Africans, as well as a few made by non-Africans about issues important to different regions of the continent. City officials hailed the new festival as an expression of the increasing ethnic and cultural diversity in Texas’ second-largest city. Regina Hill Onyeibe, the Africa Liaison for the City of Dallas...
(Reuters (Eng) 06/28/16)
Africa's largest provider of pay-television services Naspers (NPNJn.J) has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday. Naspers, the biggest listed firm on the continent, which sells access to popular American series and blockbuster movies in 50 countries in Africa and the Indian Ocean via its Multichoice unit, reported an 18 percent rise in full-year profit on Friday, but flagged pay-TV as a drag on its performance. Weaker currencies...
(AFP (eng) 05/14/16)
On a choice spot overlooking Washington's most stately monuments, a new museum swathed in bronze will showcase the tragedy and triumph of black America. The National Museum of African American History and Culture, 100 years in the making and now almost ready, will fill a gaping void: until now the city had no grand-scale museum dedicated solely to this chapter of US history. Slave cabins, a blacks-only train car from the segregation era and exhibits on the Reverend Martin Luther...
(BBC News Africa 04/24/16)
The influential Congolese music star Papa Wemba has died after collapsing on stage in Abidjan in Ivory Coast, media reports say. Video from the concert shows the artist, who was 66, slumped on the floor as dancers continue to perform, unaware of what is happening. French broadcaster France 24 confirmed the death, quoting his manager. On the African music scene since 1969, Papa Wemba won a world following with his soukous rock music. The Congolese band leader, whose real name was Jules Shungu Webadio, also inspired a cult movement known as the Sapeurs whose members, young men, spend huge amounts of money on designer clothes.
(RFI 02/16/16)
Parents mode d'emploi, la série humoristique qui passionne chaque soir 4,5 millions de personnes en moyenne sur la chaîne de télévision française France 2, vient d'avoir une adaptation africaine. Deux sociétés de production ont obtenu le d'adapter le célèbre programme d'éducation des enfants. Samedi dernier, la version africaine de Parents mode d'emploi a été diffusée à l'Institut français de Libreville. La série met en évidence une famille dont les parents âgés de 40 ans se débrouillent pour éduquer leurs trois...
(AFP (eng) 01/11/16)
A soon-to-be-released African spinoff of a popular French series on the travails of parenting, made in Gabon, captures a continent divided between tradition and modernity. The French original, "Parenting: a how-to guide", is only three minutes long but is watched by 4.5 million people who track daily lives of a hapless couple and their progeny aged 16, 12 and eight. The Gabonese version however plays with the themes of age-old customs and Westernisation: two strong parallel strains in a continent...
(The Associated Press 07/13/15)
Babajide Olatunji sold his first portrait for about $7. Seven years later, his charcoal renderings of faces with tribal markings sell for thousands of dollars. This 24-year-old's success is part of a new global recognition of the value of contemporary African art. "It's the new 'Scramble for Africa,' no longer for land, gold or diamonds, but for art," said Giles Peppiatt, who holds the only auctions of modern African art outside the continent, at Bonham's in London. "It's a rather...
(Vanguard 06/25/15)
Grammy Award winning R&B icon, NE-YO, has been announced to perform at the MTV Africa Music Awards 2015. Performing songs from his sixth studio album 'Non Fiction' the singer-songwriter expressed his excitement about his first ever performance in the South African city, "I can't wait for you to see what I have in store Durban! I hope you're ready, because I am!" Since smashing onto the top spot of the Billboard Hot 200 Chart back in 2006 with his sophomore...
(Ips News 04/20/15)
Paris — Quick now, can you name a famous African sculptor from the 1800s or even the early 20th century? Anyone able to answer positively is part of a select minority - most museum-goers have become used to seeing traditional African carvings without knowing the name of the artist. But some experts are taking steps to change this, with the most extensive exhibition devoted to identifying Africa's expert sculptors now on in Paris at the Quai Branly Museum - a...
(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African...
(Ventures-Africa 12/23/14)
VENTURES AFRICA – Tourism, the fastest growing economic sector within Africa, serves as one of the core investment opportunities on the continent. But beyond the safari experience, innovative companies offer a look into Africa which is capable of penetrating this global culture. “There is no reason the world shouldn’t experience the environments that breed such dynamic people,” said Cherae Robinson, Founder and CEO of Rare Customs. Cherae is the brilliant mind behind “Tastemakers Africa”, a mobile app and website that allows travellers secure exquisite, adventurous and curated trips across Africa.
(Leadership 12/16/14)
Top music acts from across the African continent will dazzle guests, VIPs and members of the football community at the forth-coming 2014 Glo-CAF Awards scheduled to hold in Lagos on January 8, 2015. The top acts expected to do their stuff at the high octane continental event are Congo DRC’s multiple award-winning song writer, singer and guitarist, Fally Ipupa; global Jazz icon, Hugh Masekela from South Africa and Egyptian folk singer and the first person from an Arab country to...
(Leadership 11/20/14)
It was another night of glamour and panache as this year’s edition of the prestigious Africa International Film Festival, AFRIFF, came to a glittering end Saturday in Calabar, the Cross River State capital. The grand finale of the festival, which kicked off amid gaiety on Sunday, November 9, held at the Cultural Centre, Calabar, with top Nollywood stars, producers, directors and stakeholders from Africa, Europe, America and other parts of the world in attendance. Leading Nollywood stars at the event...

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(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 rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so...
(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 as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(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...
(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...
(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...
(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...
(AL Jazeera 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route,...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the...
(Bloomberg 01/25/17)
Taiwan’s last two African allies have no plans to switch allegiances and break ties with Taipei as Beijing tries to woo the self-ruled island’s diplomatic partners. Burkina Faso won’t cut relations with Taiwan despite people and companies with links to China offering funding in return for recognition of the One-China principle, according to Foreign Minister Alpha Barry. Swaziland said its relationship with Taiwan is based on mutual interests, not on money. “We get outrageous proposals telling us, ‘if you sign...
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(RFI 01/14/17)
The 27th Africa-France Summit kicked off on Friday in the Malian capital Bamako with more than 30 African heads of state meeting French officials to discuss the threat of jihadists in the Sahel region and improve democracy in Africa. the meeting is also an opportunity for French president François Hollande to showcase his legacy. The choice to hold the 27th Africa-France summit in Mali is not insignificant. Bamako is where president François Hollande first revealed himself as an international statesman,...
(Voice of America 01/10/17)
As Gabon gets ready to host this year’s Africa Cup of Nations football (soccer) tournament, local businesses are hoping for a much needed boost to the economy. A song supporting the national team of Ivory Coast, nicknamed the Elephants, blasts through speakers at the Oyem market square in Gabon. The Africa Cup of Nations doesn’t kick off for another week, but diehard supporter Alain Traore is already here, with his music. He says his wish is for the Elephants to...
(Huffingtonpost 01/10/17)
And it’s ironic given the growing consensus that Beijing is the U.S. president-elect’s enemy number one. Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China. The election of Donald Trump has introduced a new era of uncertainty in global politics, especially...
(BBC News Africa 01/03/17)
An electricity grid for the whole village Problem: A total of 1.3 billion people worldwide currently don't have electricity, according to Yale Environment 360. Getting people in rural areas on to the national grid is proving too difficult and traditional solar panels generate meagre amounts of energy. Solution: Steamaco makes solar and battery micro-grids which can work for a whole village. They are small electricity generation and distribution systems that operate independently of larger grids. How it works: Micro-grids are...
(Voice of America 12/30/16)
2016 was predicted to be a tough year for African economies, and it delivered. Traditional economic leaders faltered this year amid a storm of falling commodity prices, unpredictable and destructive weather like droughts and floods across large swaths of the the continent. Slow economic growth in China, a major investor and trading partner, only added to their challenges. “This year, you’ve seen the two Africas: the commodity exporters going through tough times, while the non-commodity exporters being more resilient,” Nigerian...
(The Globe and Mail 12/23/16)
The Square Kilometre Array will be the world’s most powerful radio telescope, opening new frontiers in our understanding of the universe. But the builders have to contend with an unforgiving climate and other formidable challenges first, In the desolate rocky plains of the Great Karoo, the dangers are endless. Scorpions and puff adders are underfoot. The harsh sun beats down, interrupted only by occasional lightning storms. Temperatures range from stifling heat to freezing cold. But at night, in the vast...
(Bloomberg 12/22/16)
Gabon’s bonds this month have returned more than any other dollar-denominated sovereign notes in emerging markets. The nation’s $1.5 billion bonds due December 2024 advanced as oil, which accounted for more than a third of government revenue last year, rose above $55 a barrel for the first time in about 17 months. Brent crude prices have risen 18 percent since OPEC members agreed to trim output for the first time in eight years. “If oil goes towards the $60 level,...
(CNN 12/15/16)
In the sleepy, sun-blasted town of De Aar in central South Africa, a mighty force is stirring. The largest solar plant in Africa, Middle East and the Southern hemisphere was inaugurated here earlier this year, a 175-megawatt facility that spreads over almost 500 hectares. The facility is the brainchild of Solar Capital, led by hotel magnate turned solar evangelist Paschal Phelan, which ploughed $400 million into the venture. The plant supplies power to the National Grid, but when the heat...

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