| Africatime
Tuesday 28 March 2017
(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 an early investor,” Rai told local Indian media Regions targeted are West and East Africa, especially Kenya, Ethiopia, Nigeria, Rwanda, Tanzania and Ghana. Investments will range from half a million to $5 million. The investment firm’s expansion strategy in Africa...
(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 Angelino Alfano, the country's former interior minister, said in an interview with La Stampa daily. He was "working to tie up agreements which will reduce arrivals and prevent departures" from the coast of North Africa, he said after a record...
(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 nothing new. The new part is that Steamaco's technology automates the regulation of electricity. So, if the system detects there will be a surge in demand for electricity, for example on a Saturday night when people want to start playing...
(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 economist Nonso Obikili, who researches Nigerian and sub-Saharan economic trends for Economic Research Southern Africa, told VOA. He says 2016 has been hard on African commodity giants as oil prices fell to lows not seen since the global financial crisis...
(AFP (eng) 12/29/16)
A Guinean soldier implicated in a 2009 massacre at a Conakry stadium has appeared before a court prosecutor in Dakar, as details emerged about his years living in neighbouring Senegal under a false identity. Fugitive Aboubacar Sidiki Diakite, who gained notoriety for the December 2009 shooting of Guinea coup leader Dadis Camara after a dispute over responsibility for the massacre, was arrested two weeks ago in Dakar. Diakite's lawyer told AFP Thursday a prosecutor questioned him on Wednesday to confirm his identity and informed him he could be extradited to face justice in Guinea.
(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.
(AFP (eng) 12/28/16)
Its lower cost has made it popular in commercial food production, but after being blamed for deforestation in Asia, palm oil plantations are now getting a similar rap in Africa. The sheer scale of land required is having an impact in Gabon, Cameroon and the Congo Basin, environmentalists say. With financing coming from American, European and Asian agri-businesses, palm bunches are cultivated then cut from trees and sent to factories where oil is extracted by hot pressing. But the production process accelerates deforestation, contributes to climate change and threatens fauna and flora in vulnerable areas, opponents argue. However the companies say that palm oil is not only less expensive than soya or sunflower oil but requires much less land to...
(The Herald Online 12/27/16)
The end of 2016 provides an opportunity to take stock of Africa’s recent economic performance and future prospects. It’s been a tumultuous year for some African countries largely due to a commodities crisis and a global economic slowdown.Yet there were still pockets of good growth which displayed the huge potential of the African continent. And 2017 looks to be the year the countries hardest hit by the crisis seek to recover from the economic reversals of the past few years. Since the start of the new millennium average economic growth across Africa has been stronger than the global growth rate. Growth across the continent averaged 5 percent. This fuelled the “Africa Rising” narrative that permeated public discourse. Among the growth...
(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 to over to 5,000 (deaths), which is a new high that we have reported during this crisis," IOM spokesman Joel Millman told a Geneva briefing. The Italian coast guard rescued survivors and had recovered eight bodies so far, he said...
(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 empty darkness, the stars are impossibly bright and clear. And it is the stars that have lured a Canadian-backed project to build the world’s most powerful radio telescope, with the potential to unlock the deepest secrets of the universe. For...
(AFP (eng) 12/22/16)
Selma saunters on her stilt-like legs, batting thick lashes as she extends a blackish tongue -- as long as an arm -- to grab pellets offered by an awed tourist. The giraffe is after all, eating for two. Her pregnancy is good news for one of the rarest giraffe species, protected at the Giraffe Centre in the Kenyan capital, but experts warn the outlook for the rest of the world's tallest land mammals is far gloomier. While it is hoped the shocking news that the gentle giants of the African savannah are facing extinction will spur action, conservationists largely have their hands tied as many giraffe live in Africa's most conflict-torn regions. Somalia, the Democratic Republic of Congo, South Sudan...
(Reuters (Eng) 12/21/16)
Israeli police arrested a former business associate of mining billionaire Beny Steinmetz on Tuesday in a widening inquiry into allegations of bribery and corruption in Africa. Asher Avidan, ex-president of a company linked to Steinmetz's BSG Resources (BSGR) and a former employee of Israel's Ministry of Foreign Affairs, has been placed under house arrest until Jan. 2, police said. The move follows the detention on Monday of Steinmetz, 60, who along with other Israelis living abroad is alleged to have paid tens of millions of dollars to senior public officials in Guinea to advance their businesses, police said. Yuval Sasson, a lawyer for Steinmetz and BSGR in Israel, said on Tuesday that Steinmetz would fight the allegations and prove his...
(The Citizen 12/21/16)
Tanzania is among some African countries which may see a drop in development aid as the US is likely to expand fiscal stance and cut spending during Donald Trump's presidency, a new report shows. The move by the world's largest economy will affect dependent countries such as Ethiopia, Kenya, Tanzania, Nigeria and DRC according to the Institute of Chartered Accountants in England and Wales (ICAEW) latest report released in London yesterday. In its Economic Insight: Africa Q4 2016, the accountancy and finance body points out that signs of an expansionary fiscal stance under the Trump administration coupled with spending cuts to accommodate increased infrastructure expenditure are likely to lead to the decrease in aid. "Aid is one of the main...
(AFP (eng) 12/20/16)
Guinea on Tuesday said that an aide to coup leader Dadis Camara had been arrested in neighbouring Senegal, raising hopes that he will face justice over a 2009 massacre in which both were implicated. In December 2009, soldier Aboubacar Sidiki Diakite shot Camara in the head at a military camp in Conakry, accusing his ally of wanting him to bear sole responsibility for the massacre of 157 people. Guinean Justice Minister Cheick Sako told AFP: "The arrest of 'Toumba' Diakite was not a surprise," using the soldier's nickname. Camara took power by force in 2008 after the death of longtime leader Lansana Conte and ruled until the attempt on his lfie, when he fled the country. Guinea has since returned...
(AFP (eng) 12/20/16)
Guinean illegal immigrants kicked out of Algeria told AFP Tuesday that dire detention conditions in the north African country left at least two of their group dead, describing hellish experiences at the hands of Algerian police. Around 280 people returned to Guinea's capital Conakry on Monday after a two-week return journey via Mali, becoming the latest west African migrants to accuse the Algerian police of abusing them. "We were treated very badly in Algeria," said their ad-hoc spokesman Aboubacar Sylla, who is in his 30s. "We were rounded up like chickens at our workplaces or while sleeping and forced to head to south Algeria, before being locked in mini-containers where
(The Associated Press 12/20/16)
Authorities in Senegal have arrested a former Guinean military leader long sought in connection with a 2009 stadium massacre that killed more than 150 people, Guinean officials confirmed Tuesday. Abubakar "Toumba" Diakite was the head of the presidential guard at the time of the massacre, and an investigative commission later determined he was to blame for ordering the violence. An Interpol notice was issued for him five years ago. Ibrahima Beavogui, spokesman for Guinea's justice ministry, confirmed that Diakite had been arrested in Senegal's capital, Dakar, where he had been living under a fake name for an undetermined amount of time. "Toumba was arrested thanks to the solidarity of international justice," he said. "He will be tried in Guinea. That...
(AFP (eng) 12/20/16)
When Rose Kariuki first felt a lump on her left breast, the spectre of cancer -- a disease she had only heard of on television -- was the last thing on her mind. "To me, cancer was nowhere near us. It was shocking, I feared death, I feared so many things," the 46-year-old Kenyan school teacher told AFP. Rose is one of a growing number of Africans suffering from cancer, one of the lifestyle diseases -- along with diabetes and heart problems -- proving increasing deadly on the continent. A World Health Organisation (WHO) survey released Tuesday showed that most Africans had at least one risk factor for developing one of these diseases, such as smoking, a lack of exercise,...
(Bloomberg 12/19/16)
Beny Steinmetz, the billionaire entangled in a long-running dispute over rights to one of the world’s most valuable mining assets, has been put under house arrest in Israel after being detained on suspicion of bribing Guinean government officials. The 60-year-old, who made his fortune in the diamond trade, was detained on suspicion of bribery and money laundering, Israeli police said. Steinmetz was released to house arrest for two weeks on bail of 100 million shekels ($26 million), court documents show. His Israeli and French passports were confiscated and he was barred from leaving Israel for 180 days. Steinmetz didn’t appear in court. Steinmetz, and other Israelis who live abroad, “are suspected of giving tens of millions of dollars in bribes...
(AFP (eng) 12/16/16)
The number of migrants feared to have died this year has soared to nearly 7,200 -- a more than 20-percent increase over 2015 -- with most of the fatalities in the Mediterranean, IOM said Friday. In total, 7,189 migrants and refugees have died or remain missing on migratory routs around the world, the International Organization for Migration said. That number is already 1,449 more than in all of 2015. And since it represents an average of 20 deaths per day, another 200 to 300 people could perish by the end of the year if the trend continues, the Geneva-based IOM warned in a statement. The Mediterranean Sea routes, used so far this year by nearly 360,000 people seeking a new...
(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 is fiercest it produces far more than the Grid can use, and the excess power goes to waste. "It's like you have a Ferrari and you run a small car," says Massimiliano Salaorno, plant manager of Solar Capital De Aar...

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