Wednesday 20 September 2017

Guinée

(Reuters (Eng) 09/19/17)
CONAKRY (Reuters) - Guinean bauxite miner CBG’s operations were halted again on Tuesday by protesters who blocked roads and train tracks in the town of Kamsar out of frustration at electricity cuts, a company official and a state agency source said. Deadly riots froze mining operations in the town of Boke and surrounding region including Kamsar last week, the latest in a series of protests to grip the West African country this year. CBG’s operations resumed Monday afternoon but protesters again erected barricades overnight, stopping a train that runs between its mine and factory and preventing employees...
(Bloomberg 09/19/17)
Kadi Bah saw people starving in the Sahara desert and drowning in the Mediterranean during her failed six-month odyssey to reach Europe. But as soon as the United Nations plane bringing her back home from Libya to Ivory Coast touched down, she was hatching plans to try again. “I’ll be so proud of myself if I can make it to Europe; I’ll tell everybody I managed to leave,” the 23-year-old hairdresser said. “That’s why I keep trying.” At first glance, Bah’s determination to emigrate is puzzling. She has a four-year-old daughter. She had a job. Ivory Coast is a regional economic powerhouse, with an average annual growth of 9 percent. Ivorians don’t fit the profile of migrants fleeing war and...
(AFP (eng) 09/18/17)
Guinea's government said Sunday that it was sending electric generators to the mining town of Boke to help ease tensions after deadly clashes sparked by protests against water and power cuts. The town's prefect has also been dismissed as officials try to restore order to the town, where shops and markets have been looted and vehicles destroyed during protests which have also seen armed youths set up barricades to take de facto control. Boureima Conde, minister for territorial administration and...
(APA 09/18/17)
APA - Conakry (Guinea) - Electricity supply has resumed in some districts of Boke, a mining town in Guinea, where two days of clashes between the police and demonstrators left two people dead and 78 others wounded. There was serious material damage. According to hospital sources, among the 78 injured are seven police officers and 14 gendarmes, and ten young protesters who were shot. However, government officials put the number of dead at two, 40 wounded and many buildings, vehicles...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop...
(AFP (eng) 09/16/17)
Armed youths in Guinea destroyed the offices of the ruling party and occupied parts of the restive mining town of Boke on Friday, witnesses told AFP, following the deaths of two protesters this week. The youths controlled entire sections of the northeastern city by early evening after erecting barricades, with local officials and soldiers alike sheltering in military barracks, the witnesses and a local official said. "The demonstrators are massing downtown where everything has shut, nothing is operating normally," trader Almamy Conte told AFP by phone.
(Reuters (Eng) 09/15/17)
CONAKRY (Reuters) - Unrest over wages and electricity cuts kept the Guinean bauxite mining hub of Boke partially blocked on Friday after a night of gunfire in which witnesses said youths set up roadblocks and burnt tyres. A 17-year-old boy was shot and killed on Thursday, his grandfather said. The West African state’s Security forces shot dead another man when they intervened to break up riots on Wednesday. A hospital official, speaking on condition of anonymity, said over 50 people had been injured, including some police. “What is happening in Boke is unfortunate,” government spokesman...
(APA 09/15/17)
APA-Conakry (Guinea) - The Guinean minister of Agriculture, Jacqueline Marthe Sultan, was dismissed by decree published late Thursday, while she was conducting an evaluation tour in the region of Labe, the capital of Middle Guinea. “Jacqueline Sultan who was named minister in January 2014, following the parliamentary elections of September 2013, is appointed to another position,” the decree stated without further specifying the nature of her new function. It merely specified that the Agriculture ministry is now attached to the...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way...
(Reuters (Eng) 09/14/17)
At least one person was killed and several wounded when Guinean security forces opened fire to break up a riot in the bauxite mining hub of Boke, witnesses said on Wednesday. Boke has suffered waves of rioting rooted in a perceived failure of mining to raise living standards, despite 15 million tonnes of aluminium ore being extracted annually by the West African nation’s largest mining companies Societe Miniere de Boke (SMB) and Companie Bauxite de Guinee (CBG). Rioters on Wednesday...
(APA 09/14/17)
APA-Conakry (Guinea) - The US State Department has decided to stop issuing visas to Guinean officials as of Wednesday 13 September 2017, due to Conakry’s refusal to take back its nationals residing illegally in the United States. According to the US Embassy in Guinea, this decision concerns visas of the B, F, J and M category issued to Guinean officials and members of their immediate families. Shortly after the decision was announced, the Guinean authorities, through the new Foreign Affairs...
(Reuters (Eng) 09/14/17)
LONDON (Thomson Reuters Foundation) - Your afternoon chocolate bar may be fuelling climate change, destroying protected forests and threatening elephants, chimpanzees and hippos in West Africa, research suggests. Well-known brands, such as Mars and Nestle, are buying through global traders cocoa that is grown illegally in dwindling national parks and reserves in Ivory Coast and Ghana, environmental group Mighty Earth said. “Every consumer of chocolate is a part of either the problem or the solution,” Etelle Higonnet, campaign director at...
(The Associated Press 09/13/17)
The United States will stop issuing certain visas to Eritrean nationals and Guinean officials as of Wednesday, the embassies in those countries announced Tuesday. The new restrictions are aimed at four Asian and African nations that have refused to take back citizens who've been deported. Under federal law, Secretary of State Rex Tillerson can stop all or specific types of visas from being issued to such nations. The U.S. Embassy in Eritrea said in a statement that it will stop issuing business and tourism visas to Eritrean nationals, with "limited exceptions." Eritrean officials were not immediately available for comment. The East African nation is a major source of migrants who say they are fleeing a system...
(AfricaNews 09/13/17)
The United States has officially issued new visa restrictions on two African countries – Eritrea and Guinea. The respective embassies in Asmara and Conakry confirmed the order. They added that the directive took effect on Wednesday September 13. The move is believed to be as part of a threat issued by the U.S. State Department last month in respect of ‘recalcitrant nations,’ a term that describes countries that had refused to take back nationals scheduled for deportation from the U.S...
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday...
(AFP (eng) 09/12/17)
Local elections in Guinea, expected since 2005, will not take place before the end of the year, an opposition party spokesman said Monday, a month after demonstrations calling for polls. Opposition spokesman Aboubacar Sylla said the Independent National Electoral Commission (CENI) had announced the delay at a meeting called to resolve the issue. The CENI's timetable "provides for a 120-day deadline from a date to be determined (...) which brings us to 2018," he added. Local elections should have been held in February under an agreement reached in October 2016 between the government, opposition
(APA 09/12/17)
The Independent National Electoral Commission (CENI) in Guinea needs 120 days to organize the local government elections in the country, which is supposed to end the transition process in place since in 2010, APA learned from an official source on Tuesday. According to Etienne Soropogui, the director of Operations of the electoral body, the period cannot be reduced and the 120 days is necessary to registers voters, while another period of 30 days is required for the distribution of voter...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(AFP (eng) 09/09/17)
Naby Keita and Timo Werner netted second-half goals to seal RB Leipzig's 2-0 win at Hamburg on Friday to give the Bundesliga club a confidence-boost before their Champions League debut. It was an important win for Leipzig who play in the Champions League for the first time at home to Monaco on Wednesday. Liverpool-bound Keita, who will join the Merseyside club for the 2018/19 season, gave Leipzig the lead in Hamburg on 67 minutes when the Guinea midfielder fired home from 20 metres out. Leipzig's goalkeeper Peter Gulacsi then stopped Hamburg from equalising with a superb save to deny Hamburg striker Sven Schipplock.

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(Reuters (Eng) 09/19/17)
CONAKRY (Reuters) - Guinean bauxite miner CBG’s operations were halted again on Tuesday by protesters who blocked roads and train tracks in the town of Kamsar out of frustration at electricity cuts, a company official and a state agency source said. Deadly riots froze mining operations in the town of Boke and surrounding region including Kamsar last week, the latest in a series of protests to grip the West African country this year. CBG’s operations resumed Monday afternoon but protesters again erected barricades overnight, stopping a train that runs between its mine and factory and preventing employees...
(Bloomberg 09/19/17)
Kadi Bah saw people starving in the Sahara desert and drowning in the Mediterranean during her failed six-month odyssey to reach Europe. But as soon as the United Nations plane bringing her back home from Libya to Ivory Coast touched down, she was hatching plans to try again. “I’ll be so proud of myself if I can make it to Europe; I’ll tell everybody I managed to leave,” the 23-year-old hairdresser said. “That’s why I keep trying.” At first glance, Bah’s determination to emigrate is puzzling. She has a four-year-old daughter. She had a job. Ivory Coast is a regional economic powerhouse, with an average annual growth of 9 percent. Ivorians don’t fit the profile of migrants fleeing war and...
(APA 09/18/17)
APA - Conakry (Guinea) - Electricity supply has resumed in some districts of Boke, a mining town in Guinea, where two days of clashes between the police and demonstrators left two people dead and 78 others wounded. There was serious material damage. According to hospital sources, among the 78 injured are seven police officers and 14 gendarmes, and ten young protesters who were shot. However, government officials put the number of dead at two, 40 wounded and many buildings, vehicles...
(AFP (eng) 09/16/17)
Armed youths in Guinea destroyed the offices of the ruling party and occupied parts of the restive mining town of Boke on Friday, witnesses told AFP, following the deaths of two protesters this week. The youths controlled entire sections of the northeastern city by early evening after erecting barricades, with local officials and soldiers alike sheltering in military barracks, the witnesses and a local official said. "The demonstrators are massing downtown where everything has shut, nothing is operating normally," trader Almamy Conte told AFP by phone.
(Reuters (Eng) 09/15/17)
CONAKRY (Reuters) - Unrest over wages and electricity cuts kept the Guinean bauxite mining hub of Boke partially blocked on Friday after a night of gunfire in which witnesses said youths set up roadblocks and burnt tyres. A 17-year-old boy was shot and killed on Thursday, his grandfather said. The West African state’s Security forces shot dead another man when they intervened to break up riots on Wednesday. A hospital official, speaking on condition of anonymity, said over 50 people had been injured, including some police. “What is happening in Boke is unfortunate,” government spokesman...
(Reuters (Eng) 09/14/17)
At least one person was killed and several wounded when Guinean security forces opened fire to break up a riot in the bauxite mining hub of Boke, witnesses said on Wednesday. Boke has suffered waves of rioting rooted in a perceived failure of mining to raise living standards, despite 15 million tonnes of aluminium ore being extracted annually by the West African nation’s largest mining companies Societe Miniere de Boke (SMB) and Companie Bauxite de Guinee (CBG). Rioters on Wednesday...
(AfricaNews 09/13/17)
The United States has officially issued new visa restrictions on two African countries – Eritrea and Guinea. The respective embassies in Asmara and Conakry confirmed the order. They added that the directive took effect on Wednesday September 13. The move is believed to be as part of a threat issued by the U.S. State Department last month in respect of ‘recalcitrant nations,’ a term that describes countries that had refused to take back nationals scheduled for deportation from the U.S...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist...
(AFP (eng) 08/30/17)
Authorities in Guinea said Tuesday that they had found at least 19 bodies believed to have washed up from neighbouring Sierra Leone following catastrophic flooding and mudslides there. Some 500 people died and more than 800 were reported missing after the disaster that struck Sierra Leone's capital Freetown on August 13-14, when heavy rains swept away everything in their path. Two weeks later, officials in Guinea said bodies had washed up as far away as the capital Conakry, some 250...
(Reuters (Eng) 08/30/17)
CONAKRY (Reuters) - The bodies of 19 people thought to have perished in a mudslide in Sierra Leone more than a fortnight ago have washed up on Guinea’s shores, the government in Conakry said on Wednesday. The Aug. 14 mudslide at Freetown’s crowded Mount Sugar Loaf killed an estimated 500 people, but hundreds of others are still missing. Sporadic downpours have continued since, flooding parts of the coastal city and washing away more mud containing unrecovered human remains. “The bodies...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy,...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take...
(AFP (eng) 08/26/17)
A former Guinean cabinet minister was sentenced to seven years in a US prison Friday and ordered to pay back $8.5 million for laundering bribes from a Chinese conglomerate in exchange for mining rights. Mahmoud Thiam, 50, learned his fate in a Manhattan federal courtroom from Judge Denise Cote, more than three months after he was convicted on May 3 of money laundering. Thiam, who was minister of mines and geology in Guinea from 2009-10 and is a US citizen,...
(Reuters (Eng) 08/26/17)
A former Guinea government minister was sentenced to seven years in prison on Friday following his conviction of laundering $8.5 million in bribes that U.S. prosecutors say he took in exchange for helping a Chinese conglomerate secure mining rights. The sentence, as imposed by U.S. District Judge Denise Cote in Manhattan federal court, was less severe than the more than ten years suggested by federal guidelines. Cote said she had considered the good that Thiam, a U.S. citizen, had done...
(Voice of America 08/25/17)
Patients who survive infection with the Ebola virus often continue to face numerous health problems. New research finds 80 percent of Ebola survivors suffer disabilities one year after being discharged from the hospital. Approximately 11,000 people died in the Ebola outbreak that hit West Africa from 2014 to 2016; tens of thousands more who were infected survived. Of those survivors, many battled vision problems and headaches that lasted for months. Researchers at the University of Liverpool and the Liverpool School...
(AFP (eng) 08/23/17)
Eight people died and dozens were injured in the West African state of Guinea on Tuesday when a rubbish dump on the outskirts of the capital collapsed after heavy rain. Five bodies, including those of two children, were taken to a morgue in Conakry, senior police official Boubacar Kasse said. An AFP reporter on the scene later saw three other bodies that were recovered from the landside. Dozens of injured were taken to hospital, police said. The incident happened in...
(Reuters (Eng) 08/23/17)
At least eight people died and others were injured in Guinea when a portion of a rubbish landfill site collapsed on houses on the outskirts of the capital, Conakry, in torrential rain, police and government officials said on Tuesday. The disaster followed landslides in Sierra Leone and Democratic Republic of Congo in which hundreds of people have been killed since early last week. Authorities have said that heavy rain in the region could cause more deaths. Monday's incident in Guinea...
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead...
(AFP (eng) 07/27/17)
Guinean reggae musician Takana Zion was arrested Tuesday and charged with disturbing public order by a court in the capital Conakry, days after colleague reggae musician Elie Kamano was charged for the same offence. Takana Zion, real name Mouctar Soumar was arrested while leading a protest in the capital against President Alpha Conde’s suspected third term bid, corruption and ethnocentrism, his lawyer Berete Fidiki told AFP. Dozens of protesters made up of musicians and human rights activists were dispersed by...

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(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop is undoubtedly the cause of this problem. But cocoa farming could also provide the solution. Recently, I was in Ivory Coast for the African Green Revolution Forum (AGRF) in Abidjan. It united many different parties...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way and they’ve gotten ahead,” Alexandre Maymat, who oversees Societe Generale’s operations in French-speaking Africa, said at a press briefing. “We’re catching up” by redefining the retail strategy and providing a broader offering than telephone companies. Chief Executive Officer Frederic Oudea...
(Reuters (Eng) 09/14/17)
LONDON (Thomson Reuters Foundation) - Your afternoon chocolate bar may be fuelling climate change, destroying protected forests and threatening elephants, chimpanzees and hippos in West Africa, research suggests. Well-known brands, such as Mars and Nestle, are buying through global traders cocoa that is grown illegally in dwindling national parks and reserves in Ivory Coast and Ghana, environmental group Mighty Earth said. “Every consumer of chocolate is a part of either the problem or the solution,” Etelle Higonnet, campaign director at...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for...
(Reuters (Eng) 09/06/17)
China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminum which the West African country has in abundance, the mines minister said. The projects guaranteed by the loan included China Power Investment Corp’s (CPI) planned alumina refinery and Aluminium Corp of China’s (601600.SS) (Chalco) bauxite mine and another bauxite project by China Henan International Cooperation Group, all of them in the northwestern town of Boffa. “Those are...
(Xinhuanet 09/05/17)
Delegates from African countries are hoping to attract more Chinese investment at the ongoing 11th China-Northeast Asia Expo in Changchun, capital of northeastern Jilin Province. Representatives from Ethiopia, Kenya, Zambia and Mozambique presented a variety of collaborative projects at the expo, ranging from grain and dairy processing, light manufacturing, to machinery and construction, in the hope of finding Chinese counterparts to invest in their countries. Ethiopia has set up a one-stop service system to simplify the approval process for business...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only...
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting...
(Agence Ecofin 08/18/17)
Chinese firm Chinalco plans to invest $500 million to develop a bauxite project in the Boffa region, Guinea. This was disclosed by the Guinean minister of mining, Abdoulaye Magassouba, who recently visited China. According to the official, the project should focus on the reserves abandoned by mining giant BHP Billiton. Mining is expected to begin at the site in 2018. If effective, Chinalco would expand its footprint in the Guinean mining sector, as it already is active on Simandou iron...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year,...
(Reuters (Eng) 08/02/17)
(Reuters) - Miner Rio Tinto is making good progress in the deal to sell its stake in the Simandou project in Guinea, Chief Financial Officer, Christopher Lynch said on Wednesday. Citing the complexity of the deal due to three parties being involved, he said discussions were still underway. The miner had signed a preliminary deal to sell its stake in the project to China's Chinalco in October last year. If the deal to sell to Chinalco goes ahead, Rio will...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15...

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(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all...
(AFP (eng) 09/09/17)
Naby Keita and Timo Werner netted second-half goals to seal RB Leipzig's 2-0 win at Hamburg on Friday to give the Bundesliga club a confidence-boost before their Champions League debut. It was an important win for Leipzig who play in the Champions League for the first time at home to Monaco on Wednesday. Liverpool-bound Keita, who will join the Merseyside club for the 2018/19 season, gave Leipzig the lead in Hamburg on 67 minutes when the Guinea midfielder fired home from 20 metres out. Leipzig's goalkeeper Peter Gulacsi then stopped Hamburg from equalising with a superb save to deny Hamburg striker Sven Schipplock.
(AFP (eng) 08/24/17)
Amadou Sekou Camara scored a hat-trick as Guinea crushed Senegal 5-0 Wednesday to complete the line-up for the 2018 African Nations Championship (CHAN) finals in Kenya. Angola, Burkina Faso, Cameroon, Congo Brazzaville, Equatorial Guinea, Ivory Coast, Kenya, Libya, Mauritania, Morocco, Namibia, Nigeria, Sudan, Uganda and Zambia qualified earlier. Guinea shrugged off a 3-1 first-leg loss eight days ago to lead 3-0 at half-time and romp to a 6-3 aggregate win despite missing a penalty in a Conakry match delayed 24...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be...
(AFP (eng) 07/24/17)
Guinea thrashed Guinea-Bissau 7-0 in Conakry Saturday for a record winning margin for an African Nations Championship (CHAN) qualifier. The west Africans overtook Tanzania, who walloped Somalia 6-0 in Dar es Salaam during 2011 qualifying. In 15 previous qualifying matches since the competition for home-based players kicked off in 2008, Guinea never won by more than two goals. Sekou Amadou Camara was the destroyer-in-chief for the Guineans at the national stadium, netting four times to equal the individual scoring record...
(AFP (eng) 07/21/17)
The 2019 Africa Cup of Nations will expand from 16 to 24 teams and be staged in June and July, the Confederation of African Football (CAF) announced on Thursday. The tournament has traditionally been held in January and February, with the timing of the tournament a source of frustration to European clubs forced to release players in the middle of the season. The CAF executive committee confirmed the changes to the format following a two-day symposium in Rabat, although the...
(AfricaNews 07/07/17)
Guinean President, Alpha Conde, who is also President of the African Union (A.U.) has been talking sports, specifically football. In a recent interview with the BBC, Conde spoke about a series of issues relating to the game, he touched on the fact that he is the number one fan of the men’s national team, the Syli Nationale. He hailed French international, Paul Pogba on two fronts – for his exploits in the game and also for sending him a shirt...
(AFP (eng) 03/30/17)
RB Leipzig's Guinean striker Naby Keita insists he has totally recovered from a circulatory collapse he suffered after a Bundesliga match earlier this month and will be fit to face Darmstadt this weekend. "I've fully recovered," the 22-year-old told AFP subsidiary SID. "I could and I would like to be able to start Saturday's game, but it is up to the coach (Ralph Hasenhuttl) to decide." Medical exams have revealed nothing on the origin of Keita's collapse following Leipzig's 1-0 defeat by Wolfsburg on March 11. One of the Bundesliga's revelations this season can now only speculate about the reasons behind it.
(AFP (eng) 03/29/17)
Cameroon lost for the first time since winning the Africa Cup of Nations last month when falling 2-1 to Guinea on Tuesday in an international friendly in Belgium. Aboubacar Demba Camara gave Guinea a 21st-minute lead with a shot that went between the legs of a defender and under the body of goalkeeper Jules Goda. Shoddy defending also contributed to the equaliser 10 minutes later as Guinea goalkeeper Abdoulaye Sylla fumbled a shot and Karl Toko Ekambi netted the rebound...
(AFP (eng) 03/20/17)
RB Leipzig are hoping Naby Keita will miss Guinea's forthcoming friendly internationals as the defensive midfielder works his way back to fitness after collapsing following a Bundesliga match. The 22-year-old suffered a circulatory collapse upon leaving the dressing room following Leipzig's shock 1-0 defeat by Wolfsburg ten days ago. Test results have thrown no light on exactly what caused Keita to collapse. A fifth yellow card meant he was suspended for Saturday's 3-0 defeat at Werder Bremen, but was not fit to play having only returned to individual training last week.
(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...
(BBC News Africa 02/27/17)
Hosts Zambia got off to a flying start in the Under-20 Africa Cup of Nations when they beat Guinea 1-0 in front of a packed home crowd at the Heroes Stadium in Lusaka. Austria based Patson Daka put on a match-winning performance as he picked up a split pass before slotting the ball in the net in the 48th minute. Daka, who stars for FC Liefering, had been tormenting the Guinea backline for the better part of the first half...
(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) 01/09/17)
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...
(AfricaNews 12/05/16)
Cameroon’s Indomitable Lionesses failed to use home advantage and revenge in the final of the Women African Cup of Nations (AWCON 2016) losing by a goal to Nigeria’s Super Falcons. The Super Falcons thus successfully defended the title they won in 2014 by defeating Cameroon in Namibia. The hosts entered the final aiming to win their first title and avenge two previous defeats by Nigeria. But a late goal by Oparanozie Desire dashed hopes and sent disappointment through the teeming...
(AFP (eng) 11/10/16)
All CAF competitions will offer increased prize money from 2017, the Cairo-based African football body said Wednesday. The announcement came months after French oil-gas company Total signed an eight-year sponsorship deal with CAF reportedly worth more than one billion dollars (915 million euros). Winners of the biennial Africa Cup of Nations will receive $4 million, up from the $1.5 million pocketed by 2015 champions the Ivory Coast. CAF Champions League title-holders are going to collect $2.5 million -- $1 million...
(AFP (eng) 11/03/16)
African champions Mamelodi Sundowns won for the first time in the South African Premiership this season Wednesday and climbed off the bottom of the table. The Pretoria club triumphed 2-0 at Polokwane City thanks to goals from Percy Tau and Zimbabwean Khama Billiat, two stars of the 2016 CAF Champions League triumph. Sundowns became African champions for the first time 11 days ago by defeating Zamalek of Egypt 3-1 on aggregate in the final. But a domestic fixture backlog meant...
(Gbc Ghana 10/25/16)
The Black Starlets of Ghana have been drawn in the same group with hosts Madagascar, Guinea and Cameroon in the 2017 African U-17 Championships. A draw for the final tournament which was held on Monday, 24 October at the CAF Headquarters in Cairo saw the two-time competition winners placed in Group A. Defending Champions Mali are in Group B with Congo, Angola and Niger as all eight teams seek for a place in the semi-finals of the tournament. Ghana qualified...
(APA 09/29/16)
Guinean national, Almamy Kabele and Ghanaian Kwesi Nyantakyi were elected Thursday to the Council of the International Football Federation (FIFA) for the transitional period running from 30 September 2016 to 16 March 2017 (6 months), during the extraordinary general meeting of the African Football Confederation (CAF) held in Cairo, Egypt. After the vote, Kabele, also second vice president of CAF and a member of the Executive Committee of the continental body, garnered 37 votes. He was followed by Nyantakyi who...
(AfricaNews 09/19/16)
The agreement on African games signed in Cairo over the weekend between the African Union and the Association of National Olympic committees of Africa will be implemented after validation by the Africa Union commission. The two parties are expected to mobilise renowned African athletes and the best teams to help raise their level of performance. Sources say the African Union will continue to manage the African games while the Union of African Sports Confederations will take care of its technical...

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(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the word for "ancestor" in the Turkana language of Kenya, where the lemon-sized skull was unearthed. The sole specimen is that of an infant that would have grown to weigh about 11 kilogrammes (24 pounds) in adulthood. It had a brain...
(AFP (eng) 05/26/17)
Entertainment | France | film | festival | Cannes | Zambia | witchcraft Cannes, France | AFP | Friday 5/26/2017 - 14:01 UTC+3 | 615 words by Katy Lee Being accused of witchcraft is no laughing matter in Africa -- but movie director Rungano Nyoni decided a dose of humour was just what was needed to tackle a problem rampant in parts of the continent. Set in Zambia, the sharp satire "I Am Not A Witch" has premiered to strong...
(Xinhuanet 04/18/17)
Africa's diaspora is playing a big role in the economic transformation of the continent, the UN said on Tuesday. UN Population Fund (UNFPA) Regional Director Dr Julitta Onabanjo told Xinhua in Nairobi that remittances are important source of income for many African families. "The diaspora therefore complements government efforts to lift many families out of poverty," Onabanjo said on the sidelines of the First Africa-China Conference on Population and Development. Onabanjo said that Africans in the diaspora also bring back...
(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) 02/27/17)
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...
(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...
(AFP (eng) 09/15/16)
For years, Guinea's main dance company brought glory to the west African state, touring the globe for sell-out performances. Today, ageing and forgotten, it struggles to train a new generation of dancers facing a very uncertain future. "Les Ballets Africains was the biggest cultural institution not just in Guinea but, as their name suggests, in the whole of Africa," said national culture director Jean Baptiste Williams. "They made Guinea proud on stages around the world." Yet now, the stars once...
(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...
(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.
(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.

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(Bloomberg 09/19/17)
Kadi Bah saw people starving in the Sahara desert and drowning in the Mediterranean during her failed six-month odyssey to reach Europe. But as soon as the United Nations plane bringing her back home from Libya to Ivory Coast touched down, she was hatching plans to try again. “I’ll be so proud of myself if I can make it to Europe; I’ll tell everybody I managed to leave,” the 23-year-old hairdresser said. “That’s why I keep trying.” At first glance, Bah’s determination to emigrate is puzzling. She has a four-year-old daughter. She had a job. Ivory Coast is a regional economic powerhouse, with an average annual growth of 9 percent. Ivorians don’t fit the profile...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop is undoubtedly the cause of this problem. But cocoa farming could also provide the solution. Recently, I was in Ivory Coast for the African Green Revolution Forum (AGRF) in Abidjan. It united many different parties – governments, the UN’s Food...
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement...
(Voice of America 08/25/17)
Patients who survive infection with the Ebola virus often continue to face numerous health problems. New research finds 80 percent of Ebola survivors suffer disabilities one year after being discharged from the hospital. Approximately 11,000 people died in the Ebola outbreak that hit West Africa from 2014 to 2016; tens of thousands more who were infected survived. Of those survivors, many battled vision problems and headaches that lasted for months. Researchers at the University of Liverpool and the Liverpool School...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting...
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands...
(Voice of America 07/25/17)
European and African ministers are meeting in Tunisia about efforts to regulate the flow of refugees from Africa to Europe, primarily along the deadly central Mediterranean route originating in Libya. In a declaration Monday in Tunis, the capital, the ministers said they agreed on a multi-pronged approach to the crisis, including informing people about the risks of illegal migration and the possibility of voluntarily returning home, addressing why migrants leave home and beefing up actions against human traffickers. Participating in...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30...
(Voice of America 07/11/17)
In the past five years, terrorist attacks have killed nearly 20,000 people across Africa. Two groups, Boko Haram and al-Shabab, accounted for 71 percent of reported incidents and 91 percent of fatalities. But, while these and other militant groups remain active, fatal terrorist attacks across the continent are on pace to fall for a second straight year, and the total number of attacks is running far below 2012 highs. These findings are part of VOA’s original analysis of data from...
(Bloomberg 07/10/17)
Many cell phone companies are rethinking their headlong rush into the continent. Only Orange is staying the course. Back when African countries were auctioning off mobile licenses by the boatload to serve the region’s young, tech-savvy population, investing in the continent’s fast-growing economies seemed like a no-brainer. Some of the world’s biggest wireless carriers rushed in. Now they’re wondering if they made a mistake. Increasing government and regulatory scrutiny, as well as a lack of expansion opportunities in sub-Saharan Africa,...
(Voice of America 07/04/17)
GENEVA — The U.N. children’s fund warns tens of thousands of malnourished children are at great risk in Yemen, Somalia and South Sudan, which are on the brink of famine. UNICEF reports an estimated 4.7 million children in the cholera-stricken countries are malnourished. Of these, UNICEF spokesman Christofe Boulierac tells VOA, more than one million are suffering from severe acute malnutrition. “Let me remind you that a child who is suffering from severe acute malnutrition are nine times more likely...
(RFI(EN) 07/04/17)
New tax rules in Israel could leave hundreds of African migrants worse off than they are. In May, the government introduced a new deposit law, enabling the governemnt to take 20 percent of migrants' salaries each month and place it out of reach. The money can only be accessed once they leave the country. Rights groups say the policy is designed to force them out of the country. "We're not pressuring you to leave but will make your life miserable...

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