Thursday 19 April 2018
(AFP (eng) 03/21/18)
Forty-four African countries have signed an agreement establishing a free trade area seen as vital to the continent's economic development, the head of the African Union said Wednesday. "The agreement establishing the CFTA (African Continental Free Trade Area) was signed by 44 countries," said Moussa Faki Mahamat, chairperson of the AU commission. The creation of a free trade area -- billed as the world's largest -- comes after two years of negotiations, and is one of the AU's flagship projects for greater African integration. However, the agreement will still have to be ratified at a national level, and is only due to come into force in 180 days. The full list of countries which did...
(AFP (eng) 02/19/18)
About 224 million people are suffering from malnutrition across Africa as climate change and conflicts heighten food insecurity across the continent, a top UN food agency official said Monday. The official, speaking at a conference on Africa organised by the UN's Food and Agriculture Organization (FAO), said the situation was a "cause of concern" as the continent's population was expected to reach 1.7 billion by 2030. "Under-nourishment appears to have increased from about 21 percent to nearly 23 percent between 2015 and 2016," Bukar Tijani, FAO's assistant director general for Africa, said at the regional conference that opened on Monday in Khartoum. "Over the same period, the number of under-nourished rose from 200 million to 224 million in Africa. This...
(Agence Ecofin 01/25/18)
Industrial Développement Corporation of South Africa (IDC), une institution sud-africaine de financement du développement, s’est associée à des banques maliennes dont les identités n’ont pas été dévoilées, pour financer le projet agro-industriel dénommé Sada Sy, à hauteur de 16,2 milliards de Francs CFA (30,4 millions $). Ce projet mis en place par le Malien Tahirou Sy, porte sur la production, à partir de la paille de riz, de panneaux de particules qui seront transformés pour réaliser des contreplaqués et des...
(Reuters (Eng) 11/14/17)
KIGALI (Reuters) - The global airline industry has $1.2 billion blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government revenue and caused chronic dollar shortages and immense pressure on local currencies. The fiscal slump has meant governments have not allowed foreign airlines to...
(Reuters (Eng) 10/31/17)
HARARE (Reuters) - Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders. The IMF said a...
(AFP (eng) 10/30/17)
The United States will pledge $60 million to support the new G5 Sahel regional counter-terrorism force, Secretary of State Rex Tillerson said Monday, ahead of UN talks on the operation. "This is a fight we must win, and these funds will play a key role in achieving that mission," he said, describing G5 members Burkina Faso, Chad, Mali, Mauritania and Niger as "regional partners." Washington has previously expressed support for the force, and has troops and drone operators in the...
(Reuters (Eng) 10/30/17)
UNITED NATIONS/ABIDJAN (Reuters) - The United States has promised up to $60 million to support the Group of Five Sahel States (G5 Sahel) Joint Force’s counter-terrorism efforts, the State Department said on Monday. The force - which will eventually comprise nearly 5,000 troops units from Mali, Niger, Burkina Faso, Chad and Mauritania - is meant to counter a growing jihadist threat in West Africa’s arid Sahel region that includes groups linked to Al Qaeda and Islamic State. It is due...
(AFP (eng) 10/24/17)
The 15-nation West African bloc ECOWAS told regional leaders Tuesday that the goal of establishing a single currency among their economies in 2020 had failed. "The roadmap has not been implemented vigorously," Marcel de Souza, president of the ECOWAS Commission, told a summit in Niamey, the capital of Niger. "We cannot move to the single currency in 2020," he said.
(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...
(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...
(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)
BAMAKO (Reuters) - Mali has allowed informal gold mining to resume after a three-month suspension during which the government restructured the sector to capture more tax revenue, the mines minister said on Wednesday. Africa’s third biggest gold producer behind South Africa and Ghana, Mali’s informal mining sector has exploded in recent years and more than 1 million miners now work on at least 350 sites, according to a chamber of mines estimate. “We decided that, from now on, everyone who...
(AFP (eng) 10/03/17)
Mauritania on Monday called for more support to roll out an anti-jihadist force in Africa's Sahel region where the deployment of 5,000 troops has been delayed by a lack of financing. The new joint force being set up by five countries of the Sahel region -- Burkina Faso, Chad, Mali, Mauritania and Niger -- has an annual budget of about $496 million (422 million euros) a year, but only about $127 million has been pledged so far. Khadijetou Mbareck Fall,...
(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...
(APA 09/27/17)
The Kingdom of the Netherlands has contributed 200 million fCFA to the Invest-in-Mali Forum scheduled for December 7-8, 2017, and which has an estimated budget of 1.5 billion CFA, APA can report on Wednesday. The financing agreement was signed by Dutch Ambassador to Mali Jolke Oppewal and Investment Minister Konimba Sidibé. The organizers are looking for further funding because the budget of the forum is still not completely funded. Speaking at the signing of the convention, Minister Konimba Sidibé urged...
(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...
(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.
(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...
(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...

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