Thursday 19 October 2017
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008 and offers accommodation ranging from single bedrooms to whole homes in 65,000 cities in 191 countries. The company announced Tuesday that it would invest $1 million (850,000 euros) in Africa by 2020 to "promote and...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive the 2017 World Food Prize on Thursday October 19, announced a press release issued by the AfDB on October 16, which also said “the prize is to agriculture what the Nobel Prize is to peace, science and literature.” The World...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(Reuters (Eng) 10/04/17)
TRIPOLI/LONDON (Reuters) - Production at Libya’s giant Sharara oilfield resumed on Wednesday after an armed brigade forced a two-day shutdown, the National Oil Corporation (NOC) said. Operations at Sharara, which is crucial to a partial revival of Libya’s oil output, have been repeatedly disrupted this year due to blockades by armed groups, protests and security problems. As production resumed, the NOC lifted force majeure on loadings of Sharara crude from Zawiya port, where the tanker Seaways Hatteras was due to...
(Reuters (Eng) 10/03/17)
TRIPOLI (Reuters) - An armed group forced Libya’s giant Sharara oilfield to close late on Sunday, shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said. Libya’s National Oil Corporation (NOC) declared force majeure on deliveries of Sharara crude, citing “unrest”, according to a letter seen by Reuters. NOC Chairman Mustafa Sanalla promised that production would restart by Monday evening. Sanalla told reporters that the armed group, Brigade 30, were demanding...
(Reuters (Eng) 10/02/17)
BENGHAZI, Libya (Reuters) - Benghazi’s commercial port officially reopened on Sunday after a three-year closure due to fighting between rival factions in the east Libyan city. To mark the opening Abdullah al-Thinni, prime minister of a government based in the east, arrived on board a tanker sent from the eastern city of Tobruk. The port does not export oil, but imports gas and some petroleum products as well as general cargo, and local costs for these would be reduced by...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/28/17)
Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and allied suppliers step up efforts to contain a global glut. Output at the North African nation’s Sharara field has recovered to 230,000 barrels a day, according to a person familiar with the matter, who asked not to be identified because they aren’t allowed to speak to the media. Libya was pumping 1.05 million barrels a...
(Xinhuanet 09/28/17)
Libya's state-owned General Electricity Company on Wednesday signed a 370-million-USD contract with Greece's METKA to build a power plant in the eastern Libyan city Tobruk. The Libyan General Electricity Company said that the power plant would consist of four units, producing a total output of about 740MW. The company confirmed that the project will take 15 months to complete, and that the first generating unit will start functioning in September 2018. The signing of the contract was attended by the...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Middle East Monitor 09/26/17)
Moroccan yesterday hosted a two-day workshop to discuss the establishment of a joint electricity network for North African countries including representatives from the Maghreb region and Egypt. Economic Affairs Officer at the Arab Maghreb Union (AMU) Reda El Merini said: “The meeting aims to determine the current status of the electricity grid in North Africa, to get a clear vision ahead of implementing any regional networks to transfer power.” The size of trade in the field of electric power is...
(Reuters (Eng) 09/26/17)
Israel’s Elbit Systems Ltd said on Tuesday it won a contract worth $240 million to provide a wide array of defense electronic systems to an unnamed country in Africa. The contract, which will be carried out over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles, based on passive infrared systems, and includes missile warning systems, radio and communication systems, land systems, mini-unmanned air systems and helicopters upgrade.
(Bloomberg 09/25/17)
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said. Compliance with the output cuts is “acceptable,” Zanganeh told reporters Sunday in Tehran. The Organization of Petroleum Exporting Countries should focus on “the situation with Libya and Nigeria,” he said, referring to the two countries exempted from capping production due to their internal strife. Nigeria will be able to...
(Voice of America 09/25/17)
African first ladies and activists hailed progress that some governments on the continent are making on gender equality. They met on the sidelines of the United Nations General Assembly in New York. “We used to have 23 percent female representation in parliament but, with the stroke of a pen it went up to 48 percent. So, we managed to double our female representation with that decision,” said Namibia’s first lady Monica Geingos at a roundtable invitation-only event co-hosted by the...
(Libya Herald 09/21/17)
The head of the National Oil Corporation, Mustafa Sanalla, is expected to attend a meeting in Vienna on Friday between members of OPEC and other major oil producers outside the cartel to continue production cuts agreed last November beyond their scheduled expiry date of March 2018. However, the producers are now said to want the cuts to be extend to Libya as well as Nigeria, both of which were effectively exempted from the deal last year when it was agreed...
(AFP (eng) 09/19/17)
Libyans queued in long lines outside petrol stations in the capital Tripoli on Tuesday after fighters forced the closure of a fuel pipeline to the city. On Monday, "an armed militia trespassed (at) Zawiya Oil Storage Depot and forced the workers (in) the control room to stop pumping the fuel to Tripoli," Libya's oil company said in a statement in English. The National Oil Corporation said it changed the route of "fuel vessels heading to Zawiya port to discharge in...
(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...
(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...
(Liberian Observer 09/12/17)
30 hours of closure of the Mellita complex pipeline in western Tripoli lost Libya about 2 million dollars, the National Oil Corporation (NOC) said Monday. The NOC added in its statement that the technical team at the complex reopened the pipeline on Saturday and they did not know who shut it down and what for. "It is a sign by the spoilers of security saying they are still here." The statement reads, describing the unknown gunmen who shut the pipeline...

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