Thursday 20 July 2017
(Business Day 06/28/13)
MASERU — South Africa’s central bank should keep interest rates on hold to cushion the economies of dependent neighbouring states that have been bruised by a sharp weakening of the rand, Lesotho’s acting central bank governor said. The fortunes of Lesotho and its roughly 2-million people are closely linked to South Africa under a currency peg that also covers Swaziland and Namibia. "It would be very unwise for them to start increasing rates when the situation is like this," Masilo Makhetha told Reuters in an interview in the Lesotho capital late on Wednesday. The rand has fallen nearly 20% against the dollar in 2013, igniting price pressures in South Africa and, by extension, Lesotho, which relies on its neighbour for...
(Voice of America 06/28/13)
President Barack Obama says the U.S. wants ties with Africa based on trade and partnership instead of aid and assistance. Obama made his comments at a news conference with Senegal's President Macky Sall in Dakar Thursday. Senegal is the first leg of his three-nation Africa tour to promote trade, investment and democracy. The president said the reason he traveled to Africa is because the continent is rising and he does not want the U.S. to miss the opportunity to broaden and deepen its relations in the region. "All too often, the world overlooks the amazing progress that Africa is making, including progress in strengthening democracy," he said. "Many African nations have made tremendous strides in improving democratic governance and in...
(Reuters (Eng) 06/27/13)
Maseru - South Africa's central bank should keep interest rates on hold to cushion the economies of dependent neighbouring states that have been bruised by a sharp weakening of the rand, Lesotho's acting central bank governor said. The fortunes of the tiny mountain kingdom and its roughly 2 million people are closely linked to South Africa under a currency peg that also covers Swaziland and Namibia. “It would be very unwise for them to start increasing rates when the situation is like this,” Masilo Makhetha told Reuters in an interview in the Lesotho capital late on Wednesday. The rand has fallen nearly 20 percent against the dollar this year, igniting price pressures in South Africa and by extension, Lesotho, which...
(AFP (eng) 06/27/13)
JOHANNESBURG, June 27, 2013 (AFP) - Nelson Mandela is on life support in hospital, a family elder said, as South Africa's president cancelled a trip abroad following a visit to the revered anti-apartheid hero's bedside. "Yes, he is using machines to breathe," Napilisi Mandela told AFP late on Wednesday after he saw the 94-year-old in the Pretoria hospital where he has been treated for a recurrent lung infection for nearly three weeks. "It is bad, but what can we do," added the elder who usually presides over family rituals and meetings. President Jacob Zuma late Wednesday abruptly cancelled a trip to neighbouring Mozambique after he visited Mandela, who has been in critical condition for several days. It is the first...
(Star Africa 06/26/13)
Gem Diamonds Limited announced, on Wednesday in Maseru, the recovery of a 100-carat, white, Type IIa diamond from the Letšeng mine in northeast Lesotho on 22 June.According to the press statement issued by Gem Diamonds, the rough diamond is the third diamond over 100 carats in size to be recovered from Letšeng since May this year. The recovery of a 164ct D Colour Type IIa diamond, which was sold for US$9 million into a partnership arrangement; and the recovery of a 103 carat yellow diamond, sold on tender, were both announced on 31 May 2013. Reports say that the 100-carat stone could fetch over $5 million. Letšeng’s June export achieved an average price of US$2,087 per carat, for a total...
( 06/26/13)
The Southern African Development Community (SADC) will hold an Infrastructure Investment Summit in Maputo, Mozambique on Thursday. The summit is seen as highly important for the SADC as it seeks to accelerate its industrial and trade capacity through substantial infrastructure investment in order to expand economic growth and employment creation. The summit will be attended by representatives from the business and financial communities, as well as by the heads of state of Angola, Mozambique, Malawi and South Africa and the chairperson of the African Union Commission. President Jacob Zuma will participate in a high-level round table session on Thursday, during which he will focus on the North-South Corridor in his capacity as Champion of the AU-Nepad Presidential Infrastructure Championship Initiative...
(UN.org 06/26/13)
New HIV infections among children have been reduced by 50 per cent or more in seven countries in sub-Saharan Africa, the United Nations agency spearheading the global AIDS response said today. Botswana, Ethiopia, Ghana, Malawi, Namibia, South Africa, and Zambia have reduced new HIV infections among children by half since 2009, while Tanzania and Zimbabwe are also making substantial progress. This is according to the latest progress report on the Global Plan towards the elimination of new HIV infections among children by 2015 and keeping their mothers alive (Global Plan), which was launched in July 2011 at the UN General Assembly High-level Meeting on AIDS. The Plan has two main targets for 2015: a 90 per cent reduction in the...
(National Mirror Online 06/25/13)
Africa has lost at least $200 billion in five decades to illegal fishing and another $100 billion in illegal bunkering since 2003. Speaking at the opening of the Summit of Heads of States and Governments of the Economic Community of Central African States, ECCAS, the Economic Community of West African States, ECOWAS, and the Gulf of Guinea Commission, GGC, the African Union Commission Chairperson, Nkosazana Dlamini- Zuma, warned that such incursion should not be allowed to continue. The summit with focus on maritime safety and security in the Gulf of Guinea opened yesterday in Yaoundé, the Cameroonian capital with President Goodluck Jonathan in attendance, among 25 other African leaders. Jonathan, who had last week raised serious concern over crude oil...
(Public Eye 06/24/13)
The former Natural Resources Minister is expected to appear in court today in connection with a contract allegedly awarded by the Lesotho Electricity Corporation. Former Natural Resources Minister, Monyane Moleleki, is expected to appear in court today on refresh charges of corruption. Moleleki’s lawyer, King’s Counsel Salemane Phafane yesterday confirmed to Public Eye his client would be appearing before the Maseru Magistrate’s Court to answer graft charges. Phafane said the matter was in connection with a contract allegedly awarded by the Lesotho Electricity Corporation (LEC), in respect of the electrification of the Nazareth village, during the past government, which ceded power after the May 26, 2012 general election. Phafane could however, not give full details of Moleleki’s involvement in the...
(AFP (eng) 06/24/13)
JOHANNESBURG, June 24, 2013 (AFP) - Nelson Mandela was critically ill in hospital on Monday after his condition suddenly deteriorated, leaving South Africans anxiously awaiting the latest news of their revered anti-apartheid icon. "The condition of former president Nelson Mandela, who is still in hospital in Pretoria, has become critical," presidential spokesman Mac Maharaj said in a statement late Sunday. The frail 94-year-old was admitted to hospital over two weeks ago, in the early hours of June 8, for treatment for a lung infection. But after intensive treatment at Pretoria's Mediclinic Heart Hospital and some signs of improvement, his condition deteriorated. President Jacob Zuma visited Mandela on Sunday evening and was told by doctors "that the former president's condition had...
(AFP (eng) 06/22/13)
JOHANNESBURG, June 22, 2013 (AFP) - The ambulance that rushed Nelson Mandela to hospital two weeks ago broke down and another had to be called, but the mishap did not endanger the anti-apartheid hero, the South African presidency said Saturday. "All care was taken to ensure that the former president's medical condition was not compromised by the unforeseen incident," presidential spokesman Mac Maharaj told AFP. The ambulance had engine trouble on its way from the 94-year-old Mandela's Johannesburg home to a specialist heart clinic in Pretoria, some 55 kilometres (30 miles) away. Doctors are "satisfied" that Mandela, who is battling a serious lung infection, suffered no harm during the wait for a replacement ambulance, Maharaj said. Maharaj said the "fully...
(Voice of America 06/21/13)
The Committee to Protect Journalists says in the past year, 55 journalists in 21 countries have gone into exile because of violence, threats and imprisonment. An official of the committee says an estimated 40% of those who’ve fled are from sub-SaharanAfrica. A new report by the CPJ says most journalists who have fled violence or repression come from Iran and Somalia, followed by Ethiopia, Syria and Eritrea. They’re also found at the head of the CPJ’s annual Impunity Index. It ranks countries according to the degree to which attacks against journalists are investigated, and perpetrators punished. Tom Rhodes is the Eastern African consultant for the Committee to Project Journalists. He says the government of at least one of the top...
(Africa Review 06/21/13)
Sub-Saharan Africa is losing slightly above 1.5 million children under the age of five annually due to malnutrition, according to non-governmental organisation Save the Children. On June 8, thousands of people including Bill Gates gathered in Hyde Park for the Big IF London rally aimed at reversing the situation, estimated to cost two million lives of children under the age of five globally. The rally, a coalition of over 200 UK organisations, was campaigning for action by G8 leaders to eliminate hunger and save millions of lives. The campaign wanted the G8 leaders, during their June 18 meeting, to act on four issues that mean so many people do not get enough food. The issues were enough aid to stop...
(Mail & Guardian 06/20/13)
The government of Lesotho is preparing impeachment proceedings against its court of appeal president Michael Ramodibedi. The impeachment against Ramodibedi comes for his alleged role in a judicial crisis, gross misconduct and fraud. Ramodibedi, who is also Chief Justice of Swaziland, is involved in a protracted conflict over seniority with retiring Chief Justice Justice Lehohla – a feud that the government says was damaging the functioning of the courts and public confidence in the judiciary. Minister of Justice and Correctional Services Maphato Monyake has asked the Lesotho High Court in Maseru to dismiss an earlier application by Ramodibedi to prevent Prime Minister Thomas Thabane from forcing him (Ramodibedi) to step down, saying this was against that country's Constitution. In that...
(Ventures-Africa 06/20/13)
VENTURES AFRICA – Dr. Donald Kaberuka, President of the African Development Bank (AfDB), and Prof. David Malone, Rector of United Nations University (UNU), have signed a Memorandum of Understanding (MOU) to foster research and knowledge exchange on sustainable development in Africa. According to an official statement, the MOU was signed on June 5 after the Tokyo International Conference on African Development (TICAD V), which held in Yokohama, Japan, from June 1-3. The AfDB-UNU partnership aims to strengthen collaboration between Japan and African countries to strengthen Science, Technology and Innovation (STI) in Africa. The AfDB and UNU will contribute to the establishment of a joint Africa–Asia strategic plan for sustainable development and a joint program of activities for capacity building in...
(Myjoyonline 06/19/13)
Regular food shortages in Sub-Saharan Africa….shifting rain patterns in South Asia leaving some parts under water and others without enough water for power generation, irrigation, or drinking….degradation and loss of reefs in South East Asia resulting in reduced fish stocks and coastal communities and cities more vulnerable to increasingly violent storms….these are but a few of the likely impacts of a possible global temperature rise of 2 degrees Celsius[1] in the next few decades that threatens to trap millions of people in poverty, according to a new scientific report released today by the World Bank Group. Turn Down the Heat: Climate Extremes, Regional Impacts, and the Case for Resilience builds on a World Bank report released late last year, which...
(Voice of America 06/19/13)
WASHINGTON, DC — In June, Japan made a five-year commitment of $32 billion dollars in public and private funding to Africa. It will be used in areas prioritized as necessary for growth by the Fifth Tokyo International Conference on African Development (or TICAD). Japan’s new pledge is nearly four times larger than its last commitment to the group. The plan of action is ambitious. Japanese funds will help in a number of areas, including trade, infrastructure, private sector development, health and education, good governance and food production. Boosting agricultural production. TICAD wants African agriculture to grow by five percent a year and double the output of one crop that’s also a main food source and cultural symbol for Japan: rice...
(AFP (eng) 06/18/13)
This month somewhere in sub-Saharan Africa the one millionth baby will be born without HIV to a mother who suffers from the disease, thanks in large part to a decade-old US aid program. It is yet another remarkable step in the long fight against HIV and AIDS, as the United States and its global partners work towards what they call an AIDS-free generation, which just a decade ago would have been unimaginable. Mother-to-baby transmission has long been a source of concern among governments and organizations working to control the spread of HIV. But more effective anti-retroviral drugs and regimens are now dramatically cutting the chances of an infected mother passing on the disease to her baby during pregnancy or breastfeeding...
(Ethiopian Radio and Television Agency 06/17/13)
The Chinese equipment giant is leaving no stone unturned as it establishes itself in the tablet and smartphone market in Africa. After registering a $3.4bn turnover in 2011, Huawei's near omni-presence on the continent with its 2G, 3G, or even its 4G networks in Namibia and Angola is being felt. The Africa Report says the group has signed a $750 million contract to improve Globacom's network in Nigeria where it could become a major operator after a recent $627 million investment in cash-strapped Nitel. Huawei also has its eyes set on Ethiopia and Libya, where it completed its installation of the Silphium undersea cable in January. The quality of its implementation, its competitive rates and its credit line make the...
(AFP (eng) 06/15/13)
JOHANNESBURG, June 15, 2013 (AFP) - Nelson Mandela is a very lonely man, one of his bodyguards told AFP Saturday, accusing the ailing anti-apartheid icon's medical team of controlling visits like prison guards. As South Africa and the rest of the world held its breath a week after the revered 94-year-old was hospitalised, Shaun van Heerden spoke out against the team run by army Surgeon-General Vejay Ramlakan. "At times it felt like he was back in prison," Van Heerden said. The bodyguard said he was "given leave" by his employers over accusations he leaked the place where Mandela was being treated to the media. Before he was checked in last week to receive treatment for a recurring lung infection, in...

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