Saturday 21 April 2018
(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 with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(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, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(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 the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(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, had faced a maximum sentence of 15 years. Arrested in December 2016, prosecutors say he took millions of dollars in bribes from senior representatives of the Chinese conglomerate to facilitate mining rights while serving as a cabinet minister. Thiam was...
(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 for his native country when he returned there to take the government job in 2009. “I find he went to Guinea to help, not to rob it,” the judge said. “I find he did help in many ways.” “He saw...
(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 of Tropical Medicine are studying what's called post-Ebola syndrome. One of the senior authors of the study, Dr. Janet Scott, says researchers are unsure why survivors experience such disabilities. "I'm not sure we've quite gotten to the bottom of it...
(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 hours by rain. Camara scored once in the first half and twice after half-time and the other Guinean goals came during the opening half from Mohamed N'Diaye and Ibrahima Sory Sankhon at the Stade du 28 Septembre. It was the...
(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 dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(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 Hamdallai, located in the district of Ratoma, after week-long heavy rains. "The rubbish fell onto three homes," said Kasse, the police commissioner for Conakry. "There are still many people buried, and we have to do everything possible to save them...
(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 occurred in the morning in the Dar Es Salam neighborhood after an overnight deluge. The area is filled with wood and tin-roof houses, some of which are situated at the base of a towering mass of refuse. "I saw the...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(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 need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(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 into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...
(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 project. For Guinea, sealing the deal would be a major milestone in its objective to achieve an annual bauxite output of 60 million tons, by 2020. Currently fourth producer of the commodity worldwide, the country has produced 32 million tons of the ore in 2016.
(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 next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital. “It’s quite clear that they won’t make those drastic cuts,” Gates said. “I’m hopeful they won’t make any cuts at all, but that’s still subject to...
(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...
(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 of establishing a true partnership for the future", Lighthizer said. "By lowering barriers and tackling other constraints that impede trade and investment, we are poised to see U.S.-Africa trade flourish", he said, underscoring that "much more work needs to be...
(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 at his best in the 800m, where a clutch of athletes are suddenly dreaming of glory in the absence of Kenya's injured champion David Rudisha. Kenya is expected to continue its dominance of the men's 3,000m steeplechase - though American...
(Reuters (Eng) 08/03/17)
Several thousand opponents of Guinea's President Alpha Conde protested in the capital Conakry on Wednesday against election delays and insecurity, as political tensions escalate. Conde's election win in 2010 ended two years of violent military rule but his opponents say he has cracked down on dissent - some protests have been banned - and fear he might try to change the constitution to seek a third term in 2020. Conde has declined to comment on whether he wants to do so. "We demand respect for the law and more security and justice for our fellow citizens," Conde's main political rival, Cellou Dalein Diallo, told reporters as he rallied demonstrators in Conakry's Cosa neighborhood, an opposition stronghold. Conde and Diallo signed...
(Vision Guinée 08/03/17)
Il les avait rencontrés avant le début de la marche. Cellou Dalein Diallo a tenu à remercier les éléments des forces de l’ordre au terme de la manifestation pacifique de l’opposition qui s’est délourée du rond-point de Cosa à l’esplanade du stade du 28 septembre. Pour avoir encadré la marche sans incident majeur, les gendarmes et policiers ont été félicités par le chef de file de l’opposition. ‘’Je voudrais noter avec satisfaction le comportement de plus en plus républicain des forces de l’ordre’’, a indiqué le leader de l’opposition. ‘’Je les encourage à continuer sur cette voie pour arrêter de tirer sur leurs frères qui exercent un droit constitutionnel’’, a-t-il ajouté, précisant que ce n’est pas la première fois que...

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