Thursday 26 April 2018
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread and protracted period of policy easing. This will provide a boost to growth," said John Ashbourne, Africa analyst at Capital Economics. Ghana, which agreed a three-year fiscal discipline deal with the International Monetary Fund in exchange for aid in 2015,...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30 million mobile-banking customers, giving them “a very sizeable platform on the continent,” he said. Vodacom’s purchase of the Safaricom stake from U.K. parent company Vodafone Group Plc gives the South African company access to the fast-growing M-Pesa platform, which processed...
(Reuters (Eng) 07/18/17)
Three years after he risked his life crossing the Mediterranean Sea from Libya to Italy on a small boat crammed with migrants, 22-year-old Sow Muhammed can hardly believe his luck. The former street hawker from Guinea now works as a caterer in Venice, rents his own apartment, and sends money back home regularly to his mother and siblings in the West African nation. "I am happy I came to Europe, and my family is also happy," he told the Thomson Reuters Foundation as he packed up leftovers at a training event for people who work with refugees, where he had served a menu which included traditional African dishes. "I talk to my family frequently, ask them their needs, and help...
(Xinhuanet 07/17/17)
Africa is making progress towards the establishment of a trade zone by Oct. 30 that will cover approximately half of the continent's member states. The Common Market for the Eastern and Southern Africa (COMESA) Director of Trade and Customs, Francis Mangeni, said in a commentary published in the Star Newspaper on Monday that so far 19 of the 26 countries involved have signed the agreement. "Three outstanding annexes had meant the tripartite agreement was not complete and this was advanced by some countries as the reason they could not sign or ratify the agreement. However their adoption represented a milestone in the negotiation, as it removed the last obstacle to signing and ratifying the agreement," Mangeni said. The tripartite free...
(Face of Malawi 07/12/17)
One of the country’s leading Banks, First Merchants Bank (FMB) will move its headquarters from Malawi’s commercial city-Blantyre to Mauritius and will be called FMB capital holdings. Speaking in an interview Head of Marketing and Communications, Sylvia Nankhwenya –Makata said the Bank headquarters will move to Mauritius and shareholders will benefit more. “We want to assure all our shareholders that they will benefit more when we move our headquarters to Mauritius,” she said. Nankhwenya-Makata was speaking during this’s years FMB Annua21st Annual General Meeting (AGM) held in Blantyre.
(Cnbc Africa 07/12/17)
"Africa is an awakening giant," according to the former South African President Frederik Willem de Klerk speaking at the World Petroleum Congress in Istanbul. The leader who oversaw the transition of his country's power to Nelson Mandela said Tuesday that the future looks bright for a continent previously blighted by war, famine and a lack of infrastructure. "I believe Africa is an awakening giant and, yes, it is not performing according to what we expected soon enough, but it will perform," he said. De Klerk believes that African countries are primed to take advantage of the world's growing size. "If we look at food shortages for the rest of the world with a growing population, Africa is the solution," he...
(Voice of America 07/11/17)
In the past five years, terrorist attacks have killed nearly 20,000 people across Africa. Two groups, Boko Haram and al-Shabab, accounted for 71 percent of reported incidents and 91 percent of fatalities. But, while these and other militant groups remain active, fatal terrorist attacks across the continent are on pace to fall for a second straight year, and the total number of attacks is running far below 2012 highs. These findings are part of VOA’s original analysis of data from ACLED, the Armed Conflict Location and Event Data Project. ACLED tracks political violence, protests and terrorist events across Africa. Their reports include attacks since 1997 based on data collected from local news media, government statements, non-governmental organizations and published research...
(Bloomberg 07/10/17)
Many cell phone companies are rethinking their headlong rush into the continent. Only Orange is staying the course. Back when African countries were auctioning off mobile licenses by the boatload to serve the region’s young, tech-savvy population, investing in the continent’s fast-growing economies seemed like a no-brainer. Some of the world’s biggest wireless carriers rushed in. Now they’re wondering if they made a mistake. Increasing government and regulatory scrutiny, as well as a lack of expansion opportunities in sub-Saharan Africa, are making it harder for operators such as Vodafone Group Plc, Orange SA and Bharti Airtel Ltd. to grow. Their choice: Pull back or double down. Two companies beating at least a partial retreat are Millicom International Cellular SA, which...
(AFP (eng) 07/06/17)
The African Union's new chair Moussa Faki Mahamat on Wednesday questioned US commitment to fighting terrorism on the continent after it blocked efforts to get UN funding for an anti-jihadist force in the Sahel. "This is a specific case of a certain number of African states taking the initiative to create a dedicated force to fight terrorism. So, we don't understand how the United States could hold back or not engage in the fight against terrorism," Faki said in an interview with AFP. Faki's January election as chairperson of the AU commission came days after the inauguration of US President Donald Trump, who has proposed slashing US funding for aid projects and multilateral institutions like the UN. The former Chadian...
(AFP (eng) 07/06/17)
The costs of diabetes in sub-Saharan Africa could double to almost $60 billion annually just 13 years from now, as obesity fuels an explosion of the disease, a report said Thursday. In 2015, the overall diabetes cost in the region was nearly $20 billion (18 billion euros), or 1.2 percent of total economic production, according to research published by The Lancet Diabetes & Endocrinology. This included medication and hospital stays, and loss of labour productivity due to illness or death. About half of all treatment costs were paid for by patients themselves.
(Voice of America 07/04/17)
GENEVA — The U.N. children’s fund warns tens of thousands of malnourished children are at great risk in Yemen, Somalia and South Sudan, which are on the brink of famine. UNICEF reports an estimated 4.7 million children in the cholera-stricken countries are malnourished. Of these, UNICEF spokesman Christofe Boulierac tells VOA, more than one million are suffering from severe acute malnutrition. “Let me remind you that a child who is suffering from severe acute malnutrition are nine times more likely to die of disease than a well-nourished child," he said. "So, having cholera and diarrhea in countries where so many children are so fragile because of malnutrition among other things because of such a bad access to safe water is...
(RFI(EN) 07/04/17)
New tax rules in Israel could leave hundreds of African migrants worse off than they are. In May, the government introduced a new deposit law, enabling the governemnt to take 20 percent of migrants' salaries each month and place it out of reach. The money can only be accessed once they leave the country. Rights groups say the policy is designed to force them out of the country. "We're not pressuring you to leave but will make your life miserable so you decide to leave," Anwar Suliman, a Darfuri refugee living in Israel since 2008, told RFI . "Every time the state makes a different law, different pressure, but we said we can't go back right now." Suliman fled Darfur...
(AFP (eng) 06/28/17)
The generic version of the most advanced drug against HIV has been introduced in Kenya, a first in Africa where more than 25 million have the disease, the NGO Unitaid said Wednesday. The drug, Dolutegravir (DTG) is the anti-retroviral drug of choice for those living with HIV in developed countries, but its high price has put it out of reach for most struggling with the disease in Africa. "The generic DTG has two advantages: on the one hand, it is very good from a pharmaceutical point of view. On the other hand, it is much cheaper," said Robert Matiru of Unitaid, which works to reduce the costs of medicines treating AIDS, tuberculosis or malaria. He described the drug as "the...
(Reuters (Eng) 06/23/17)
DAR ES SALAAM (Thomson Reuters Foundation) - Sadick Thenest remembers how his 8-year-old daughter had a narrow brush with death two years ago, when she contracted cholera after drinking contaminated water. “She was so gaunt, weak and had terrible diarrhea,” said the refugee from Burundi. “A slight delay in rushing her to hospital would have meant something else - but with God’s grace she survived.” The father of four, aged 35, is among thousands of refugees grappling with frequent outbreaks of waterborne diseases in the crowded Nyarugusu camp in western Tanzania, due to poor sanitation. “Living in a refugee camp is a constant struggle. You either stick to health rules or contract diseases,” he told the Thomson Reuters Foundation by...
(Voice of America 06/21/17)
WASHINGTON DC — On June 5, Saudi Arabia and its allies, including Egypt, the United Arab Emirates and Bahrain, cut diplomatic ties with Qatar, accusing it of funding extremist groups such as the Muslim Brotherhood and Islamic State. In response, Qatar said it was the victim of a policy of “domination and control” by its larger neighbor and that Saudi Arabia was, in fact, the one responsible for backing extremism. So what is the truth? Fundamentalist strains of Islam, including Saudi-born Salafism and Wahhabism, form the ideological bedrock for most terror groups. According to a study by Leif Wenar of King’s College London based on the Global Terrorism Database, three out of four terror attacks in the last 10 years...
(AFP (eng) 06/14/17)
Extortion, corruption and fear; violence, hunger and sometimes even death: for west African migrants dreaming of reaching Europe, the road to get there can be an absolute minefield. - Departure - Whether it's The Gambia, Ivory Coast, Senegal or Nigeria, everything starts with the "hustlers" -- slang for the middlemen or fixers who organise the trip. Their honesty and prices vary, with the would-be migrant usually deceived about the welcome expected in Europe. Many possess no official documents from their home country, and do not understand illegal status in Europe. Most are ignorant about the extreme difficulties they will encounter en route. "We didn't know we were risking our lives," said Kante Sekou...
(AFP (eng) 06/14/17)
Maria gave smugglers all her family savings and crossed three countries and the searing Libyan desert, but when she finally boarded a boat for Europe her dream was swiftly shattered. She was 24 and pregnant with her second child when she left Liberia with her husband and their three-year-old son. The family passed through Guinea and Mali before crossing southern Algeria to reach the Libyan desert. "The smugglers took all our money" -- more than $2,150 (2,000 euros), she said. "We spent four days in the desert. People died of thirst and the sun in the back of the truck." They finally arrived on the beach at Sabrata, 70 kilometres (45 miles) west of Libya's capital Tripoli, a key departure...
(AFP (eng) 06/13/17)
Uche's real journey had yet to begin but he had already spent four days in the northern Nigerian city of Kano after travelling on public buses and potholed roads from Imo state in the southeast. He planned to go to Agadez, a transit town on the southern edge of the Sahara desert in central Niger, take a truck to Sebha, in southwestern Libya, and from there to the capital Tripoli, and then to Italy or Spain. But his contact, who was supposed to drive him and three women across Nigeria's northern border, was arrested on suspicion of people smuggling. "His house had been under surveillance," explains the 38-year-old electrician in Kano's bustling Sabon Gari district. "The movement of the three...
(AFP (eng) 06/12/17)
German Chancellor Angela Merkel will on Monday meet African leaders in Berlin on initiatives aiming to reduce the poverty and conflict driving a mass migrant influx to Europe. The idea is to team up African nations willing to reform with private investors who would bring business and jobs to a continent where instability or graft often scare off foreign companies. Merkel is hosting the initiative as part of Germany's presidency of the Group of 20 powerful economies, whose leaders meet in the northern port of Hamburg a month later. Invited to Berlin are Egyptian President Abdel Fattah al-Sisi and the leaders of Ghana, Ivory Coast...
(Reuters (Eng) 06/08/17)
More girls are completing secondary school across sub-Saharan Africa as attitudes change and state spending rises, but some of the most marginalized girls — like those married young or forced to work — are still missing out, education experts say. The percentage of girls completing secondary school has risen in all regions of Africa since 2005, said a recent report by the African Development Bank, the Organization for Economic Cooperation and Development, and the U.N. Development Program. Almost twice as many girls in East Africa and three times as many in Central Africa completed secondary education in 2014 as in 2005, according to the annual African Economic Outlook report, which was published at the end of last month. Yet more...

Pages