| Africatime
Saturday 25 March 2017
(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...
(The Guardian 02/23/17)
Ministers say scale of looting by autocratic former leader Yahya Jammeh was much higher than originally thought and that he left country $1bn in debt. The former Gambian president Yahya Jammeh stole far more money from the state than previously thought, the new government has alleged, leaving the country with a “monstrous debt” of more than $1bn. The autocratic former leader of the small west African country siphoned off at least $50m from social security, the country’s ports, and the...
(AL Jazeera 02/22/17)
Spy chief Yankuba Badjie has been accused of overseeing kidnappings, arbitrary arrests, torture, killings and rape. Police in The Gambia have arrested the country's former head of the national intelligence agency and his deputy, both accused of overseeing killings, kidnappings, arbitrary arrests, torture and rape during their time in office. Spy chief Yankuba Badjie and director of operations Sheikh Omar Jeng were detained on Monday and being investigated for potential abuses of power, spokesman Foday Conta told the DPA news agency on Wednesday. The arrests were part of new President Adama Barrow's attempts
(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,...
(AL Jazeera 02/06/17)
The Gambian political crisis appears to be over with President Adama Barrow having taken the reins of power, successfully and peacefully, with the backing and support of ECOWAS. So, what is next for sub-Saharan Africa's newest democracy following 22 years of authoritarian rule by outgoing dictator Yahya Jammeh? First and foremost, expectations of Barrow's government are high, not only from the Gambian people. Many of ECOWAS's leaders - of note: Senegal's Macky Sall, Nigeria's Muhammadu Buhari, and Liberia's Johnson Sirleaf,...
(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)
Gambian President Adama Barrow returned from neighboring Senegal to take office after his predecessor went into exile under a threat by West African leaders to remove him by force. Barrow touched down at 5 p.m. at the airport in the capital, Banjul, on Thursday as thousands gathered for his arrival a week after his inauguration at the Gambian embassy in Senegal. This is “a proud day day for Gambians and a day of freedom from the ruling of modern slavery,”...
(AL Jazeera 01/27/17)
Following the departure of their former president, Yahya Jammeh, Gambians reflect on the opportunities ahead. On Saturday, Yahya Jammeh boarded a private jet with a smile on his face. Holding a Quran in one hand, the former president of The Gambia waved at a group of about 50 well-wishers who had gathered on the tarmac. Outside Banjul airport, the streets of the administrative capital were quiet. Fearing violence and unrest, many residents had left the city - either for rural...
(AL Jazeera 01/27/17)
New president arrives from Senegal on Thursday after weeks of political turmoil that left his country in disarray. The Gambia's new president Adama Barrow will return to the capital Banjul on Thursday, days after long-standing ruler Yahya Jammeh, who initially disputed the election results, was forced into exile. Barrow had to be inaugurated in neighbouring Senegal as regional powers threw their weight behind the new leader and threatened military intervention if Jammeh refused to stepped down after 22 years in...
(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...
(NPR 01/23/17)
Gambia's defeated leader Yahya Jammeh has departed the country, after a weeks-long standoff as he tried to maintain his grip on power which culminated in West African troops crossing Gambia's borders. Now, the country is awaiting the arrival of new president Adama Barrow. He fled to Senegal for his own protection and was sworn in at Gambia's embassy in Dakar last week. And as NPR's Eyder Peralta reports, Barrow's spokesman Halifa Sallah described a long list of tasks ahead of...
(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...
(Bloomberg 01/19/17)
Gambia’s President Yahya Jammeh is negotiating stepping down with Mauritania’s president Mohamed Ould Abdel Aziz as regional forces mass on the West African country’s borders to force him to cede power to Adama Barrow, who won an election last month, two people familiar with the situation said. Jammeh, who has ruled Gambia since 1994, is seeking a security detail and clearance to take his assets, the regional officials said, asking not to be identified because a public announcement has not...

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