Mauritanie | Africatime
Wednesday 04 March 2015

Mauritanie

(Xinhuanet 03/03/15)
NAIROBI, March (Xinhua) -- A UN-backed wildlife project on Monday urged the international community to be serious about organized wildlife crime, the threat of which, it said, has been on the rise to wild species. The Great Apes Survival Partnership (GRASP) said wildlife and forest crime today has transformed into one of the largest transnational organized criminal activities alongside drug trafficking, arms, and trafficking in human beings. "Beyond immediate environmental impacts, the illegal trade in natural resources is depriving developing economies of billions of dollars in lost revenues," GRASP said in a statement received in Nairobi.
(Xinhuanet 03/03/15)
NAIROBI, March (Xinhua) -- Forensic experts from Sub-Saharan Africa on Monday sounded alarm over a spike in violence and sophisticated crime that threatens stability and development. Kenyan Cabinet Secretary for health James Macharia told a conference in Nairobi that African countries have witnessed an upsurge in violence, terrorism, rape and cross border crimes. "Africa is reeling from many disasters; rape cases, domestic violence, mass deaths in terrorist attacks and motor vehicle accidents. This calls for strengthening of our forensic capacity to apprehend culprits," Macharia said. The 4th African Society of Forensics Medicine Conference was attended by pathologists, legal experts and advocacy groups to explore ways to strengthen the nations' capacity to unearth perpetrators of crime. Delegates agreed to share best...
(Ips News 03/02/15)
Johannesburg — The most persistent myth about genetically modified organisms (GMOs) is that they are necessary to feed a growing global population. Highly effective marketing campaigns have drilled it into our heads that GMOs will produce more food on less land in an environmentally friendly manner. The mantra has been repeated so often that it is considered to be truth. Now this mantra has come to Africa, sung by the United States administration and multinational corporations like Monsanto, seeking to...
(Reuters (Eng) 02/28/15)
Nairobi — The World Bank is working with other development finance institutions to raise some $500 million to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the African Development Bank and the Islamic Development Bank, about mobilising the funds to improve prediction, particularly in sub-Saharan Africa. More accurate and timely warnings of extreme weather would help protect lives and assets from disasters, experts...
(Reuters (Eng) 02/27/15)
SHANGHAI (Reuters) - China has announced a one-year ban on the import of African ivory carvings ahead of next week's visit by Britain's Prince William, a strong critic of the ivory trade. China will halt approval for imports until late February next year, newsagency Xinhua reported on Thursday, citing the State Forestry Administration, which regulates the trade. The ban will affect carvings acquired after 1975, it added. Prince William has previously been critical of China over its consumption of ivory,...
(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World...
(Xinhuanet 02/26/15)
NAIROBI, Feb. (Xinhua) -- Sub-Saharan African countries will scale up investments in social programs like education and health to tackle poverty and inequality, ministers said on Wednesday Ministers, scholars and grassroot advocates attending a social development forum in Nairobi noted that endemic poverty, inequality and exclusion dims Africa's rising narrative. Kenyan Deputy President William Ruto opened the African ministerial forum that discussed innovative policy and funding options to accelerate socioeconomic transformation in the continent. The UN Educational, Scientific and Cultural...
(Xinhuanet 02/25/15)
NAIROBI, Feb.(Xinhua) -- Negotiations have been finalized in preparation for the launch of Africa's largest free trade area in May, officials said on Tuesday. The Common Market for Eastern and Southern Africa (COMESA) Assistant Secretary Kipyego Cheluget told a media briefing in Nairobi that the free trade zone will result from merger of the East African Community (EAC), Southern Africa Development Community (SADC) and COMESA. "All the 26 member states in the three trading blocs have expressed great political will...
(Voice of America 02/25/15)
A new study suggests reforms to help improve United Nations peacekeeping operations around the world. It includes the better matching of mandates with mission capacity and resources, and clarifying expectations surrounding UN troop deployments. The goal of the report is to provide input to a UN review that will update peacekeeping operations. It sought feedback on potential reforms from stakeholders - including governments and policy makers -- in Africa and other world regions. New risks Among their concerns are new...
(AFP (eng) 02/24/15)
Miners have been on strike for more than three weeks in Mauritania's northern iron ore hub of Zouerate, in a dispute over wages, their union told AFP on Tuesday. Mohamed Abdallahi, of the General Confederation of Mauritanian Workers, said members had downed tools on January 28 to demand that the National Industrial and Mining Company (SNIM) honour agreed pay rises. "Workers had negotiated and obtained increases from SNIM, the level to be determined by a board of directors of the...
(AFP (eng) 02/24/15)
The Arab League said Tuesday that it would hold its annual summit on March 28-29 in Egypt's Red Sea resort of Sharm el-Sheikh, with national security topping the agenda. Arab League chief Nabil al-Arabi said he met Egyptian President Abdel Fattah al-Sisi on Tuesday to prepare for the high-level talks. "The main topic of the summit will be how to maintain national security in Arab countries," Arabi told reporters at the League's Cairo headquarters. The threat from the Islamic State...
(Xinhuanet 02/24/15)
NAIROBI, Feb. 24 (Xinhua) -- African experts and scholars have acclaimed China's aid to boost the development of the African continent as the West's fantastic theories like "neocolonialism" and "China is exploiting Africa's resources" are floating up. "When the West labels Chinese aid and infrastructural projects in Africa as neocolonial it is a question of sour grapes," Professor Munene Macharia, Lecturer of International Relations with Kenya-based United States International University, told Xinhua in an exclusive interview.
(Xinhuanet 02/24/15)
NAIROBI, Feb. (Xinhua) -- The African Union on Monday urged the continent's governments to embrace the use of science in order to transform its agricultural sector. African Union (AU) Commissioner for Rural Economy and Agriculture Rhoda Peace Tumusiime told an agricultural forum in Nairobi that all known advances in humanity are based on appropriate investment in science and technology. "The African continent should therefore prioritize the role of science in order to improve its agricultural productivity," Tumusiime said during the...
(Xinhuanet 02/24/15)
KAMPALA, Feb. (Xinhua) -- Africa is benefiting from China's investment in infrastructure in the region as road and railway development coupled with enough power are key pillars in unlocking the continent's economic potential, experts said. In a recent interview with Xinhua, Elly Twineyo, a local economist and author of a book "Why Africa Fails" said most of the aid Africa gets from the West is consumption aid and goes into things like building capacities of human resource, governance and writing...
(AFP (eng) 02/23/15)
Three jailed Mauritanian anti-slavery activists went on hunger strike Monday to protest their treatment by prison authorities, their campaign group said in a statement. Biram Ould Dah Ould Abeid, the runner-up in 2014 presidential elections, is serving two years in the central Aleg prison, along with aide Bilal Ramdane and Djiby Sow, a civic and cultural rights campaigner. Ould Abeid's Initiative for the Resurgence of the Abolitionist Movement (IRA) objected to the way the trio were being treated, denouncing the...
(Voice of America 02/23/15)
Commerce of the future will take place, increasingly, on the internet. But African countries worry they won’t be equipped to embrace this brave new digital world without help from outsiders and one another. Not enough Africans are getting online and developing websites, especially for businesses, delegates from the continent said earlier this month at the Internet Corporation for Assigned Names and Numbers (ICANN) conference in Singapore. “We are in an information economy and the internet is the currency of that economy,” ICANN fellow Onica Makwakwa of South Africa said.
(Dw-World 02/23/15)
The UN has set June as the deadline for moving from analog to digital transmission. Only a few African countries seem prepared for the change. Even the largest television markets on the continent are lagging behind. Staring at a blank TV screen has become a reality for most Kenyans, and many other African TV viewers could face the same fate come June 17. That is the deadline set by the UN's International Telecommunication Union (ITU) for television programs to be...
(AFP (eng) 02/21/15)
Timbuktu, which won a Cesar award -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former...
(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African...
(IRIN 02/20/15)
London — Late last year the Italian government scrapped its Mediterranean search and rescue operation the Mare Nostrum after funding shortages. The project was partially replaced by Operation Triton - but the service is far more restricted than its predecessor, both in geography (the patrols only go up to 30 miles off the Italian coast) and budget (roughly a third of Mare Nostrum). Critics have said it could leave tens of thousands of migrants at far greater risk. The most common argument for the shift was deterrence.

Pages

(Xinhuanet 03/03/15)
NAIROBI, March (Xinhua) -- A UN-backed wildlife project on Monday urged the international community to be serious about organized wildlife crime, the threat of which, it said, has been on the rise to wild species. The Great Apes Survival Partnership (GRASP) said wildlife and forest crime today has transformed into one of the largest transnational organized criminal activities alongside drug trafficking, arms, and trafficking in human beings. "Beyond immediate environmental impacts, the illegal trade in natural resources is depriving developing economies of billions of dollars in lost revenues," GRASP said in a statement received in Nairobi.
(Xinhuanet 03/03/15)
NAIROBI, March (Xinhua) -- Forensic experts from Sub-Saharan Africa on Monday sounded alarm over a spike in violence and sophisticated crime that threatens stability and development. Kenyan Cabinet Secretary for health James Macharia told a conference in Nairobi that African countries have witnessed an upsurge in violence, terrorism, rape and cross border crimes. "Africa is reeling from many disasters; rape cases, domestic violence, mass deaths in terrorist attacks and motor vehicle accidents. This calls for strengthening of our forensic capacity to apprehend culprits," Macharia said. The 4th African Society of Forensics Medicine Conference was attended by pathologists, legal experts and advocacy groups to explore ways to strengthen the nations' capacity to unearth perpetrators of crime. Delegates agreed to share best...
(Ips News 03/02/15)
Johannesburg — The most persistent myth about genetically modified organisms (GMOs) is that they are necessary to feed a growing global population. Highly effective marketing campaigns have drilled it into our heads that GMOs will produce more food on less land in an environmentally friendly manner. The mantra has been repeated so often that it is considered to be truth. Now this mantra has come to Africa, sung by the United States administration and multinational corporations like Monsanto, seeking to...
(Reuters (Eng) 02/28/15)
Nairobi — The World Bank is working with other development finance institutions to raise some $500 million to modernise weather and flood forecasting services in Africa. Daniel Kull, a disaster risk specialist with the World Bank, said it was talking to lenders, including the African Development Bank and the Islamic Development Bank, about mobilising the funds to improve prediction, particularly in sub-Saharan Africa. More accurate and timely warnings of extreme weather would help protect lives and assets from disasters, experts...
(Voice of America 02/25/15)
A new study suggests reforms to help improve United Nations peacekeeping operations around the world. It includes the better matching of mandates with mission capacity and resources, and clarifying expectations surrounding UN troop deployments. The goal of the report is to provide input to a UN review that will update peacekeeping operations. It sought feedback on potential reforms from stakeholders - including governments and policy makers -- in Africa and other world regions. New risks Among their concerns are new...
(AFP (eng) 02/24/15)
Miners have been on strike for more than three weeks in Mauritania's northern iron ore hub of Zouerate, in a dispute over wages, their union told AFP on Tuesday. Mohamed Abdallahi, of the General Confederation of Mauritanian Workers, said members had downed tools on January 28 to demand that the National Industrial and Mining Company (SNIM) honour agreed pay rises. "Workers had negotiated and obtained increases from SNIM, the level to be determined by a board of directors of the...
(Xinhuanet 02/24/15)
KAMPALA, Feb. (Xinhua) -- Africa is benefiting from China's investment in infrastructure in the region as road and railway development coupled with enough power are key pillars in unlocking the continent's economic potential, experts said. In a recent interview with Xinhua, Elly Twineyo, a local economist and author of a book "Why Africa Fails" said most of the aid Africa gets from the West is consumption aid and goes into things like building capacities of human resource, governance and writing...
(AFP (eng) 02/23/15)
Three jailed Mauritanian anti-slavery activists went on hunger strike Monday to protest their treatment by prison authorities, their campaign group said in a statement. Biram Ould Dah Ould Abeid, the runner-up in 2014 presidential elections, is serving two years in the central Aleg prison, along with aide Bilal Ramdane and Djiby Sow, a civic and cultural rights campaigner. Ould Abeid's Initiative for the Resurgence of the Abolitionist Movement (IRA) objected to the way the trio were being treated, denouncing the...
(Dw-World 02/23/15)
The UN has set June as the deadline for moving from analog to digital transmission. Only a few African countries seem prepared for the change. Even the largest television markets on the continent are lagging behind. Staring at a blank TV screen has become a reality for most Kenyans, and many other African TV viewers could face the same fate come June 17. That is the deadline set by the UN's International Telecommunication Union (ITU) for television programs to be...
(IRIN 02/20/15)
London — Late last year the Italian government scrapped its Mediterranean search and rescue operation the Mare Nostrum after funding shortages. The project was partially replaced by Operation Triton - but the service is far more restricted than its predecessor, both in geography (the patrols only go up to 30 miles off the Italian coast) and budget (roughly a third of Mare Nostrum). Critics have said it could leave tens of thousands of migrants at far greater risk. The most common argument for the shift was deterrence.
(SouthAfrica.info 02/19/15)
The African East-Asian Affairs (AEAA) journal of the Centre for Chinese Studies (CCS) at Stellenbosch University is the first African journal on East Asian- Africa relations to be accredited by the Department of Higher Education and Training, according to the university. "East Asia's relationship with emerging markets such as Africa, South America, South East Asia and Central Asia is still fairly new and Africa is an important player in this new field," explains Dr Ross Anthony, the interim director of...
(Bloomberg 02/18/15)
(Bloomberg) -- Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone. It’s a perception he’s been working to dispel since selling his African mobile-phone network for $3.4 billion in 2005 and founding the Mo Ibrahim Foundation to promote honest and accountable government. His primary tool: data. The Ibrahim Index of African Governance measures how well nations are developing their economies, safeguarding rights and guaranteeing the...
(The Star 02/18/15)
The African Union's 24th summit of the heads of state and government held in January passed a unanimous resolution to create an alternative court to replace the International Criminal Court. Africa and the ICC do not get along very well. This is a problem for the ICC considering that all their investigations are centered on African countries and all their suspects are African men. It is even more of a pity for Africa because the continent houses many warlords and...
(Voice of America 02/18/15)
The International Organization for Migration (IOM) said Tuesday that 933 people had arrived on the island of Lampedusa over the previous 24 hours. These latest arrivals, thought to be African or Syrian, were among some 3,800 migrants rescued at sea since last Friday, according to IOM. More than 640 rescued migrants were taken to the town of Porto Empedocle on Sicily. According to Italy’s Ministry of Interior, 3,528 migrants arrived in the country by sea in January. Totals for February...
(Bloomberg 02/17/15)
(Bloomberg) -- The rout in commodity prices to the lowest in 12 years will spur deeper spending cuts by the world’s biggest mining companies in Africa, hurting a region more reliant on mineral exports than any other on the planet. Miners will scale back spending by $20 billion this year, according to Macquarie Group Ltd., as they cut growth plans amid waning demand for raw materials. With projects planned during the decade-long commodities boom now being shelved, Africa is likely...
(Voice of America 02/16/15)
ROME—Italy's coast guard went to the rescue of at least 1,000 migrants in difficulty in the sea between Europe and North Africa on Sunday, the third operation of its kind in as many days. The coast guard said it had plucked more than 130 people from two rubber boats about 180 kilometers (110 miles) south of the island of Lampedusa so far, and was working to save eight more vessels. “We are certainly at more than 1,000 migrants” involved in...
(Reuters (Eng) 02/14/15)
Conflict Armament Research (CAR) is currently active in 13 war-affected regions - including Iraq, Somalia, South Sudan, Sudan, and Syria - CAR deploys small investigation teams into armed conflicts to identify and trace the supply of conventional weapons. We do this to enable the international community to understand and regulate arms supplies more effectively, challenging the threat that arms-fuelled war and insurgency pose to development in large parts of the world.
(The Guardian 02/14/15)
The African Union Commission (AUC)'s proposal for the establishment of a single African air transport market by 2017 has received support of African ministers of transport. Speaking at a meeting in Johannesburg, South Africa recently, the Transport Minister of the country, Dipuo Peters, who hosted transport ministers from around Africa said the meeting was part of a ministerial working group to the establishment of a single air transport market in Africa. According to the online report, the outcome of the...
(APA 02/13/15)
Lawyers of three Mauritania anti-slavery activists have withdrawn from the trial of their clients, forcing the adjournment of the hearing, reports said on Friday.After the opening of the trial, the magistrate interviewed the three defendants including Saad Ould Louleid, Vice President of the Initiative for the Resurgent Abolition Movement (IRA), Mariem Mint Cheikh and Yacoub Ould Inalla, leading members of that organization. He subsequently denied lawyers to ask questions to their clients during the hearing, which caused immediate withdrawal of...
(Ips News 02/13/15)
Harare — Hidden by the struggles to defeat Ebola, malaria and drug-resistant tuberculosis, a silent killer has been moving across the African continent, superseding infections of HIV and AIDS. World Cancer Day commemorated on Feb. 4 may have come and gone, but the spread of cancer in Africa has been worrying global health organisations and experts year round. The continent, they fear, is ill-prepared for another health crisis of enormous proportions. By 2020, according to the World Health Organisation (WHO),...

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(Reuters (Eng) 02/27/15)
SHANGHAI (Reuters) - China has announced a one-year ban on the import of African ivory carvings ahead of next week's visit by Britain's Prince William, a strong critic of the ivory trade. China will halt approval for imports until late February next year, newsagency Xinhua reported on Thursday, citing the State Forestry Administration, which regulates the trade. The ban will affect carvings acquired after 1975, it added. Prince William has previously been critical of China over its consumption of ivory, while animal rights groups say the country's growing appetite for the contraband material has fueled a surge in poaching in Africa. "The move is to protect African elephants, and the one-year timeframe is designed to...
(Xinhuanet 02/26/15)
NAIROBI, Feb. (Xinhua) -- Sub-Saharan African countries will scale up investments in social programs like education and health to tackle poverty and inequality, ministers said on Wednesday Ministers, scholars and grassroot advocates attending a social development forum in Nairobi noted that endemic poverty, inequality and exclusion dims Africa's rising narrative. Kenyan Deputy President William Ruto opened the African ministerial forum that discussed innovative policy and funding options to accelerate socioeconomic transformation in the continent. The UN Educational, Scientific and Cultural Organization (UNESCO) organized the forum. "As a continent, we need to start a new conversation on development models that are viable and trickles down to the grassroots," Ruto told ministers. Ruto stressed that a paradigm shift in governance and management...
(Xinhuanet 02/25/15)
NAIROBI, Feb.(Xinhua) -- Negotiations have been finalized in preparation for the launch of Africa's largest free trade area in May, officials said on Tuesday. The Common Market for Eastern and Southern Africa (COMESA) Assistant Secretary Kipyego Cheluget told a media briefing in Nairobi that the free trade zone will result from merger of the East African Community (EAC), Southern Africa Development Community (SADC) and COMESA. "All the 26 member states in the three trading blocs have expressed great political will...
(Xinhuanet 02/24/15)
NAIROBI, Feb. 24 (Xinhua) -- African experts and scholars have acclaimed China's aid to boost the development of the African continent as the West's fantastic theories like "neocolonialism" and "China is exploiting Africa's resources" are floating up. "When the West labels Chinese aid and infrastructural projects in Africa as neocolonial it is a question of sour grapes," Professor Munene Macharia, Lecturer of International Relations with Kenya-based United States International University, told Xinhua in an exclusive interview.
(Xinhuanet 02/24/15)
NAIROBI, Feb. (Xinhua) -- The African Union on Monday urged the continent's governments to embrace the use of science in order to transform its agricultural sector. African Union (AU) Commissioner for Rural Economy and Agriculture Rhoda Peace Tumusiime told an agricultural forum in Nairobi that all known advances in humanity are based on appropriate investment in science and technology. "The African continent should therefore prioritize the role of science in order to improve its agricultural productivity," Tumusiime said during the...
(Voice of America 02/23/15)
Commerce of the future will take place, increasingly, on the internet. But African countries worry they won’t be equipped to embrace this brave new digital world without help from outsiders and one another. Not enough Africans are getting online and developing websites, especially for businesses, delegates from the continent said earlier this month at the Internet Corporation for Assigned Names and Numbers (ICANN) conference in Singapore. “We are in an information economy and the internet is the currency of that economy,” ICANN fellow Onica Makwakwa of South Africa said.
(Bloomberg 02/20/15)
Pizza Hut knows a few things about fast expansion in emerging markets. In less than 25 years, the chain has added more than 1,300 restaurants across China. But Randall Blackford, the general manager of Pizza Hut’s operations in Africa, says the restaurant operator is taking its time expanding on the continent. In Africa, “we are a small company right now and will stay small for some time,” he says, eating pizza at one of his restaurants in Soweto township in...
(Bloomberg 02/19/15)
(Bloomberg) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, is seeking to boost African coffee output 50 percent by mid-2017 as part of a $200 million global program aimed at farmers of the bean. The project, called Coffee Made Happy, began this month in Africa with assistance for 24,000 Ethiopian small-holder farms, the company said on Wednesday. Deerfield, Illinois-based Mondelez’s initiative gives training in agronomy, financial literacy and promoting coffee farming to youth and women, he said. It plans to reach a million farmers worldwide over the next five years.
(African arguments 02/17/15)
Does Economics have an Africa problem? Yes, says Griewe Chelwa in a post for the blog Africa is a Country. Earlier this year, the Economist deservedly got in a lot of trouble for not being able to come up with any women on their so-called list of 25 most influential economists. It further spurred a needed debate about how big the problem of discrimination against women in economics is. How big is the Africa problem in Economics? Chelwa points out...
(Bloomberg 02/17/15)
(Bloomberg) -- Mainstream Renewable Power Ltd., a Dublin-based clean-energy developer, and Actis LLP agreed to work together to develop $1.9 billion of solar and wind power projects across Africa. Their venture, called Lekela Power, intends to provide 700 megawatts to 900 megawatts of wind and solar power by 2018 and is 40 percent owned by Mainstream and 60 percent by Actis, Barry Lynch, Mainstream’s managing director of onshore procurement, construction and operations, said today by e-mail. They expect an investment...
(Daily Maverick 02/13/15)
How can you tell the difference between the Mining Indaba and the Alternative Mining Indaba? One trick is to look for people who are actually miners, or who come from mining-affected communities. If there are any around, chances are good that you’re at the Alternative incarnation. Another trick is to ask people if they paid up to R23,000 for a ticket to the event. If the answer is ‘yes’, then they’re at the Mining Indaba. REBECCA DAVIS has been at...
(Voice of America 02/12/15)
NAIROBI— Crowdfunding is a way to raise money from a large number of people via the Internet to fund a project. The concept is well established in the West, but is still new in Africa. A World Bank project in Kenya has launched a mentorship program to help business owners take advantage of crowdfunding, which some say could help replace the kind of aid they currently receive from NGOs. Marion Moon started her organic fertilizer business, Wanda Organic, three years...
(Voice of America 02/10/15)
 
00:00
WASHINGTON— Energy experts say there is an urgent need for more public and private investment to bring more electricity to Africa. They say governments need to work with the private sector to bridge power capacity gaps. While sub-Saharan Africa has enormous untapped resources of gas, oil, coal, geothermal, solar, hydro and wind power, World Bank experts say one out of three Africans lives without electricity. Stephen Njiru, a director of Kenya’s Geothermal Development Company and an energy advisor to the...
(Bloomberg 02/06/15)
(Bloomberg) -- As Ivory Coast prepares to sell sub-Saharan Africa’s first Eurobond of 2015, the strengthening dollar risks curbing issuance across the continent as debt payments for governments grow more expensive. Sales will probably decline from last year’s record $16 billion as issuers fret about exchange rates amid the drag placed on local economies by slumping oil, according to Rand Merchant Bank. Last year, Ghana, Zambia, Ethiopia and Kenya were among countries that took advantage of all-time low borrowing costs...
(Bloomberg 02/05/15)
(Bloomberg) -- Orange SA has explored various acquisitions in Africa including assets owned by Bharti Airtel Ltd., as the French company seeks to bolster its business in the region, according to people familiar with the matter. France’s largest phone company has held on-and-off again discussions with potential partners as it moves ahead with a plan to group its emerging-market operations into a single unit, the people said. No deal is imminent and there are no formal negotiations underway, the people...
(The Wall Street Journal 02/04/15)
Companies and government officials are illegally moving as much as $60 billion out of Africa each year, according to a report released Sunday, depriving the world’s poorest continent of capital and tax revenue that could spur faster economic growth. A joint panel run by the United Nations and the African Union and led by former South African President Thabo Mbeki released a report describing the methods some companies use to send money out of the continent illicitly. The losses are...
(AL Jazeera 02/03/15)
More than a trillion dollars is said to have flowed illegally out of Africa over the past 50 years, a sum roughly equivalent to all of the official development assistance received during that same period. And the problem is not only continuing, it's getting worse. A new report estimates that Africa is currently losing as much as 60 billion dollars a year in what's called Illicit Financial Flows. It's a conclusion reached by a joint panel run by the United...
(SouthAfrica.info 02/03/15)
African equity capital markets (ECM) posted their highest level of activity in the past five years in 2014, with a significant increase in both transaction volume and capital raised compared to the previous year, according to a report issued by financial services firm PricewaterhouseCoopers (PwC) on 2 February. PwC's inaugural publication, IPO Watch Africa 2014, found that $11-billion (about R128-billion) was raised in 2014 in equity markets across the continent, almost equal to the $11.1-billion raised in the whole of...
(Voice of America 02/02/15)
ADDIS ABABA, ETHIOPIA— More than $60 billion leaves the African continent every year through illicit financial flows, and the amount keeps on growing. A report with recommendations for African countries was presented Sunday. A new report says African countries need to take concrete measures to stop billions of dollars from illegally being moved out of the continent each year. The report by a joint United Nations and African Union panel focuses on the illicit financial flows used to move the...
(Bloomberg 02/02/15)
(Bloomberg) -- Investors in African Eurobonds face losses of more than $10 billion because of the weakness of currencies on the continent, according to a report published on Wednesday by U.K. research center the Overseas Development Institute. “Today’s economic environment in sub-Saharan Africa is similar to the boom that preceded the bust in the debt crises in Africa and Asia in the 90s when western governments and banks wrote off billions of pounds of debt,” Judith Tyson, ODI research fellow...

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(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World Cup is set to finish in late December and the African Cup had been scheduled to start in mid-January 2023. Valcke said the aim of postponing the continental event was "to avoid there being a...
(Xinhuanet 01/23/15)
MALABO, Jan. (Xinhua) -- The Confederation of African Football (CAF) said on Thursday that the hosts for the 2017 Africa Cup of Nations will be announced on April 8 in Cairo, Egypt. According to the continental football body's statement, Algeria, Egypt, Gabon and Ghana are competing to replace strife-riven Libya who will not go ahead with their hosting of the finals for security concerns. The CAF also announced that the host nation will play games in the qualifiers, but its matches will be friendlies and won't have points on offer. The qualifiers will begin in June, and the 52 competing countries and regions will go straight into 13 groups of four teams each. The top team in each group and...
(SouthAfrica.info 01/19/15)
Top South African cycling outfit Team MTN-Qhubeka has received an invitation to participate in the 2015 Tour de France - the first African team ever to do so in 101 years. The 22 teams riding in the race were announced by the Amaury Sports Organisation (ASO) last week. Along with the 17 World Tour teams, five wild card teams also issued - including one to the South African team. This year will be the first time in the race's 101...
(BBC News Africa 01/15/15)
An African-registered team will compete in the Tour de France for the first time this summer. The MTN-Qhubeka outfit from South Africa is one of five teams granted wildcard invitations alongside the 17 World Tour entries. The team has previously stated its desire to mark Nelson Mandela Day on 18 July with a specially-designed kit if it was invited to take part. The 102nd Tour gets under way in Utrecht, Netherlands, on 4 July. Grand Tour stage winners Edvald Boasson...
(Daily Trust 12/22/14)
Football without superstars is like tea without sugar, like bread without butter, or beans without dodo (fried plantain). We are in the season of celebrating the super stars, the players whose light has shone brightest in the football constellation. Next January, the Confederation of African Football, CAF, will elect its winner of the prestigious African Footballer of the Year Award for 2014. The event has become very significant for the players because it shoots their status and profile sky high, onto a new pedestal of respect and prospect of additional fortune! In the final list of five players for the 2014 African award there are a few surprise inclusions.
(Independent Online 12/09/14)
Monaco – An African bid to stage the Olympic Games for the first time will get widespread sympathy in the IOC after its new reforms, Olympic chief Thomas Bach said. With Durban in South Africa considering a run for the 2024 Games, Bach said in an interview that it was up to Africa to make a “feasible” case. “This depends on Africa,” Bach said when asked when the first Olympics would be held in Africa. Reforms passed by the International...
(BBC News Africa 11/14/14)
It will be almost impossible to stage the 2015 Africa Cup of Nations on time, says the man who organised the 2008 tournament in Ghana. Morocco was due to stage the 2015 Cup but was removed as host after expressing fears over the Ebola virus. The Confederation of African Football (Caf) insists the tournament will go ahead on time, starting on 17 January. But Dr Kofi Amoah told the BBC: "It could be a sham. I don't think there is...
(BBC News Africa 11/12/14)
The new hosts for the 2015 Africa Cup of Nations will be named in "two or three days", says the Confederation of African Football (Caf). Caf president Issa Hayatou revealed the timeframe in a live interview with TV channel France 24 on Tuesday. Hayatou added that the tournament dates remained 17 January to 8 February. It was announced earlier on Tuesday that original choice Morocco would not host because of its fears over the Ebola outbreak on the continent. Morocco had asked to postpone the competition until 2016 but Caf refused and expelled them from the finals.
(The New York Times 11/12/14)
Fear of the spread of Ebola has now thrown Africa’s most important soccer tournament into disarray. Morocco was removed Tuesday as host of the 2015 Africa Cup of Nations and expelled from participating in the biennial championship after it sought to delay the 16-team event, concerned about a spread of the virus. No replacement host has yet been named for the tournament, which is scheduled from Jan. 17 to Feb. 8. The expulsion of Morocco was announced by the Confederation...
(PANA 11/11/14)
Addis Ababa, Ethiopia - Several innovations reported in recent years from across Africa bode well for the continent striving to get skills that meet its industry requirements in the 21st century, economic and labour experts meeting in Addis Ababa said on Saturday. But some basics must be in place for Africa to have the capacity to take advantage of what is happening globally in technology and innovation, according to Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African...
(BBC News Africa 11/10/14)
The five-man shortlist for the BBC African Footballer of the Year 2014 has been revealed. Title holder Yaya Toure has been nominated for the sixth consecutive year, along with Pierre-Emerick Aubameyang, Yacine Brahimi, Vincent Enyeama and Gervinho. The winner will be decided by fans of African football, who have until 18:00 GMT on Monday, 24 November to vote for their choice. Or to vote for BBC African Footballer of the Year 2014 by SMS, text the number of the player...
(Reuters (Eng) 10/09/14)
Former France international midfielder Corentin Martins has been named as the new coach of Mauritania but no details of the 45-year-old's contract were given by the country's football federation in a statement confirming the appointment on Tuesday. Martins, who has limited coaching experience with lower-league Quimper and Stade Brest in the French league, replaces compatriot Patrice Neveu, who was fired after Mauritania were eliminated from African Nations Cup qualifiers in August. (Reporting by Mark Gleeson in Cape Town; Editing by...
(PANA 10/07/14)
The qualifying series for the 2015 Africa Cup of Nations is set to resume next weekend, after a month-long break, PANA reported Sunday. The first set of two group matches were played last month, and two more matches are slated to be played this month. Match day three will be next Friday and Saturday, while Match day four will be four days later, on 15 Oct. After this month's matches, there will be two more matches to go, in November,...
(The New Times 10/07/14)
Head coaches and technical directors of African national teams have hailed progress in African football but emphasised the need to make improvements which would see an African team win a Fifa World Cup. The resolution was among the many passed by the coaches, who meet in a two-day conference held in Cairo, Egypt last week. It was organised by FIFA and CAF to review and learn from the 2014 FIFA World Cup Brazil. Rwanda was represented by Amavubi head coach...
(Kawowo Sports 09/30/14)
The Mauritania Football Federation (FFRIM) has shortlisted four coaches among which one will be named to take over the vacant position of the national team coach. The list announced by the FA after its meeting held last week includes French trio; Pierre Lechantre, Corentin Martins and Sebastien Lechantre. Serbian Milovan Rajevac completes the foursome. The four names will today be reviewed by the selection committee headed by FFRIM President, Ahmed Ould Yahya, to decide on the best choice for onward...
(Dw-World 09/04/14)
As the continent gears up for its African Nations Cup qualifiers, concerns are growing that the deadly disease could ruin the games. Some argue soccer players and fans from Ebola-hit countries could spread the virus. The message from Africa's soccer governing body, the Confederation of African Football (CAF), was clear: Ivory Coast will be expelled from the 2015 Africa Cup of Nations if they refuse to host Ebola-hit Sierra Leone in their qualifier on Saturday (06.09.2014). CAF's statement prompted Ivory Coast to allow the match to be held in Abidjan after all.
(PANA 08/30/14)
The Malian Football Federation (FEMAFOOT) has asked the Confederation of African Football (CAF) to relocate its away Africa Cup of Nations (AFCON) qualifying match against Algeria scheduled for 10 September at Blida for security reasons. FEMAFOOT on Thursday cited insecurity in Algeria following the death on 23 August of the JS Kabylie Cameroonian player, Albert Ebossé, 24, after he was hit by an object thrown by supporters of his club.
(RFI(EN) 07/29/14)
No black African cyclist has ever taken part in the Tour de France. The most prestigous cycling event in the world ended in Paris on Sunday, and Team Africa Rising hopes to bring an African team to the Tour in the near future. Team Africa Rising wants to be the first hundred percent African team to race the European circuit and eventually take part in the Tour de France. Speaking to RFI, Jock Boyer, the founder of Team Africa Rising...
(The Point 07/05/14)
Football lovers in Africa are generally disappointed about the early exit of Africa's five representatives in the FIFA World Cup 2014 in Brazil. But the signs were already there for such a development. And squabbles over finances and administrative arrangements are a large contributing factor. However, since FIFA allocated 1.5 million dollars to each of the 32 participating teams, the payment of bonuses to African players should not be a problem, if based on prior agreement, which should be available...
(Zimbabwe Independent 06/21/14)
AT the Brazil 2014 World Cup shorn of African heroics so far, with the singular exception of Ivory Coast, Cameroon went down fighting on Wednesday, but unfortunately, among themselves! After hitting the headlines on the eve of football's global super show for staging an industrial action over bonuses for their participation, the West Africans hogged the limelight for all the wrong reasons yet again. This time it was violence and unmitigated failure in an embarrassing 4-0 loss to Croatia. All...

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(AFP (eng) 02/21/15)
Timbuktu, which won a Cesar award -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former colonial power France, but sporadic violence remains a problem and it is still potentially one of the most dangerous parts of the region for unwary Westerners. Originally to be filmed in Mali, most of the...
(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former colonial power France, but sporadic violence remains a problem and it is still potentially one of the most dangerous parts of the region...
(Ventures-Africa 12/23/14)
VENTURES AFRICA – Tourism, the fastest growing economic sector within Africa, serves as one of the core investment opportunities on the continent. But beyond the safari experience, innovative companies offer a look into Africa which is capable of penetrating this global culture. “There is no reason the world shouldn’t experience the environments that breed such dynamic people,” said Cherae Robinson, Founder and CEO of Rare Customs. Cherae is the brilliant mind behind “Tastemakers Africa”, a mobile app and website that allows travellers secure exquisite, adventurous and curated trips across Africa.
(Leadership 12/16/14)
Top music acts from across the African continent will dazzle guests, VIPs and members of the football community at the forth-coming 2014 Glo-CAF Awards scheduled to hold in Lagos on January 8, 2015. The top acts expected to do their stuff at the high octane continental event are Congo DRC’s multiple award-winning song writer, singer and guitarist, Fally Ipupa; global Jazz icon, Hugh Masekela from South Africa and Egyptian folk singer and the first person from an Arab country to...
(Leadership 11/20/14)
It was another night of glamour and panache as this year’s edition of the prestigious Africa International Film Festival, AFRIFF, came to a glittering end Saturday in Calabar, the Cross River State capital. The grand finale of the festival, which kicked off amid gaiety on Sunday, November 9, held at the Cultural Centre, Calabar, with top Nollywood stars, producers, directors and stakeholders from Africa, Europe, America and other parts of the world in attendance. Leading Nollywood stars at the event...
(The Guardian 10/28/14)
Magnus Taylor picks his favourites from the upcoming Film Africa festival in London – from a pro-democracy struggle to a city battling religious extremists. In the dunes not far from Timbuktu, recently captured by militant jihadists, Kidane lives peacefully with his wife Satima, his daughter Toya, and shepherd, Issan. Residents in the culturally rich city are suffering: music, laughter, cigarettes and football have been banned and women are being chastised for not wearing the veil. Back in the dunes, an incident brings Kidane into the heart of the historic city and its new brutal regime.
(AFP (eng) 10/16/14)
Despite sparse resources and limited institutional support, the world will soon wake up to Africa's ingenious new artists, according to some of the continent's leading exponents taking part in London's Contemporary African Art Fair. The four-day event -- the largest such fair outside Africa -- opens on Thursday and showcases the work of over 120 artists in the grand setting of Somerset House in the heart of the British capital in a bid to reach a global market. Some 27...
(News Day 10/10/14)
IT was a night of fun and of course lots of glitz and glamour at The Big Brother Africa (BBA) Hotshots launch on October 5 at The Whippet in Linden, Johannesburg, South Africa. After the unexpected burning down of the former BBA house also located in Johannesburg, viewers and audiences were naturally eager to see how this new venue would turn out and with no doubt Big Brother did not disappoint. The usual presenter, Ik Osakioduwa, popularly known as Ik,...
(AFP 05/15/14)
CANNES, May 15, 2014 (AFP) - The director of "Timbuktu", a powerful film about the Islamist occupation of northern Mali, broke down in tears in Cannes on Thursday as he spoke about this dark moment in the country's history. Featuring death by stoning, lashings, and extreme restrictions, the film, which is up for the film festival's top Palme d'Or prize, portrays the forced submission of residents in the fabled Malian city of Timbuktu to jihadists in 2012, before a French-led...
(The Guardian 12/30/13)
Figures compiled by the Committee to Protect Journalists show that 29 journalists were killed in Syria, 10 in Iraq and six in Egypt. At least 70 journalists were killed around the world in 2013, including 29 who died covering the civil war in Syria and 10 in Iraq, according to the Committee to Protect Journalists. The dead in Syria included a number of citizen journalists working to document combat in their home cities, broadcasters who worked with media outlets affiliated...
( 12/17/13)
BBnZ Live turned the entire Accra metropolis upside-down with the maiden edition of the Afro-Beats Festival held at the Independence Square in Accra over the weekend. An ecstatic crowd made up of over 60,000 Ghanaian music fans from all walks of life including students from all Ghanaian second cycle and tertiary institutions thronged the venue to partake in the event. The three-day Afro-Beats Festival was an all night affair which provided non-stop entertainment till the break of dawn. It kicked...
(AFP 11/09/13)
LAGOS, November 9, 2013 (AFP) - The Africa International Film Festival (AFRIFF) opens in Nigeria on Sunday and although it is still in its infancy, organisers hope that with time it can become the continent's Cannes. Seventy films from across the continent will be screened in a series of venues over seven days in the southern coastal city of Calabar, which Nigeria has tried to promote as an emerging cultural hub. "For an African film to come out in Cannes...
(CNN 09/20/13)
London (CNN) -- The girls strutting down the runway in The Savoy Hotel share many features - all are long-limbed, fine-boned and have glowing complexions. A silent army marching to the heavy music, past the front row A-listers peering out from behind their dark glasses. But one girl is different: the only one with black skin in a battalion of white faces. Nadja is one of the few black models lucky enough to make this year's cut for London Fashion...
(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World Cup is set to finish in late December and the African Cup had been scheduled to start in mid-January 2023. Valcke said the aim of postponing the continental event was "to avoid there being a...
(Voice of America 02/25/15)
A new study suggests reforms to help improve United Nations peacekeeping operations around the world. It includes the better matching of mandates with mission capacity and resources, and clarifying expectations surrounding UN troop deployments. The goal of the report is to provide input to a UN review that will update peacekeeping operations. It sought feedback on potential reforms from stakeholders - including governments and policy makers -- in Africa and other world regions. New risks Among their concerns are new challenges to traditional peacekeeping, including the spread of international criminal networks and jihadists who cross poorly guarded borders, especially in Africa. The author of the report is Jair van der Lign, head of peace operations research at the Stockholm International...
(Voice of America 02/23/15)
Commerce of the future will take place, increasingly, on the internet. But African countries worry they won’t be equipped to embrace this brave new digital world without help from outsiders and one another. Not enough Africans are getting online and developing websites, especially for businesses, delegates from the continent said earlier this month at the Internet Corporation for Assigned Names and Numbers (ICANN) conference in Singapore. “We are in an information economy and the internet is the currency of that economy,” ICANN fellow Onica Makwakwa of South Africa said.
(Bloomberg 02/20/15)
Pizza Hut knows a few things about fast expansion in emerging markets. In less than 25 years, the chain has added more than 1,300 restaurants across China. But Randall Blackford, the general manager of Pizza Hut’s operations in Africa, says the restaurant operator is taking its time expanding on the continent. In Africa, “we are a small company right now and will stay small for some time,” he says, eating pizza at one of his restaurants in Soweto township in...
(Bloomberg 02/19/15)
(Bloomberg) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, is seeking to boost African coffee output 50 percent by mid-2017 as part of a $200 million global program aimed at farmers of the bean. The project, called Coffee Made Happy, began this month in Africa with assistance for 24,000 Ethiopian small-holder farms, the company said on Wednesday. Deerfield, Illinois-based Mondelez’s initiative gives training in agronomy, financial literacy and promoting coffee farming to youth and women, he said. It plans to reach a million farmers worldwide over the next five years.
(Bloomberg 02/18/15)
(Bloomberg) -- Mo Ibrahim, a Sudanese-born billionaire philanthropist, says the Ebola outbreak in West Africa has once again painted the entire continent as a disaster zone. It’s a perception he’s been working to dispel since selling his African mobile-phone network for $3.4 billion in 2005 and founding the Mo Ibrahim Foundation to promote honest and accountable government. His primary tool: data. The Ibrahim Index of African Governance measures how well nations are developing their economies, safeguarding rights and guaranteeing the...
(Voice of America 02/18/15)
The International Organization for Migration (IOM) said Tuesday that 933 people had arrived on the island of Lampedusa over the previous 24 hours. These latest arrivals, thought to be African or Syrian, were among some 3,800 migrants rescued at sea since last Friday, according to IOM. More than 640 rescued migrants were taken to the town of Porto Empedocle on Sicily. According to Italy’s Ministry of Interior, 3,528 migrants arrived in the country by sea in January. Totals for February...
(Bloomberg 02/17/15)
(Bloomberg) -- The rout in commodity prices to the lowest in 12 years will spur deeper spending cuts by the world’s biggest mining companies in Africa, hurting a region more reliant on mineral exports than any other on the planet. Miners will scale back spending by $20 billion this year, according to Macquarie Group Ltd., as they cut growth plans amid waning demand for raw materials. With projects planned during the decade-long commodities boom now being shelved, Africa is likely...
(Bloomberg 02/17/15)
(Bloomberg) -- Mainstream Renewable Power Ltd., a Dublin-based clean-energy developer, and Actis LLP agreed to work together to develop $1.9 billion of solar and wind power projects across Africa. Their venture, called Lekela Power, intends to provide 700 megawatts to 900 megawatts of wind and solar power by 2018 and is 40 percent owned by Mainstream and 60 percent by Actis, Barry Lynch, Mainstream’s managing director of onshore procurement, construction and operations, said today by e-mail. They expect an investment...
(Voice of America 02/16/15)
ROME—Italy's coast guard went to the rescue of at least 1,000 migrants in difficulty in the sea between Europe and North Africa on Sunday, the third operation of its kind in as many days. The coast guard said it had plucked more than 130 people from two rubber boats about 180 kilometers (110 miles) south of the island of Lampedusa so far, and was working to save eight more vessels. “We are certainly at more than 1,000 migrants” involved in...
(Voice of America 02/12/15)
NAIROBI— Crowdfunding is a way to raise money from a large number of people via the Internet to fund a project. The concept is well established in the West, but is still new in Africa. A World Bank project in Kenya has launched a mentorship program to help business owners take advantage of crowdfunding, which some say could help replace the kind of aid they currently receive from NGOs. Marion Moon started her organic fertilizer business, Wanda Organic, three years...
(Voice of America 02/11/15)
Italian authorities say at least 29 African migrants have died of hypothermia while crossing the Mediterranean in freezing weather and rough seas. The Italian coast guard says it found seven people dead when it answered a distress call from the migrants' boat off Libya late Sunday. It says 22 others died on a vessel that brought the migrants to the island of Lampedusa through waves as tall as nine meters high. All 29 victims were men from sub-Saharan Africa. Another...
(Voice of America 02/10/15)
 
00:00
WASHINGTON— Energy experts say there is an urgent need for more public and private investment to bring more electricity to Africa. They say governments need to work with the private sector to bridge power capacity gaps. While sub-Saharan Africa has enormous untapped resources of gas, oil, coal, geothermal, solar, hydro and wind power, World Bank experts say one out of three Africans lives without electricity. Stephen Njiru, a director of Kenya’s Geothermal Development Company and an energy advisor to the...
(Voice of America 02/07/15)
GENEVA— February 6 is International Day of Zero Tolerance to Female Genital Mutilation, and the World Health Organization is joining a chorus of voices demanding an end to this injurious procedure, still widely practiced in the developing world. Female genital mutilation (FGM) is a dangerous procedure that can cause severe physical problems, including complications in childbirth, maternal deaths, heavy bleeding, and infertility. It also can result in psychological and sexual problems. The international community considers FGM to be a gross...
(Bloomberg 02/06/15)
(Bloomberg) -- As Ivory Coast prepares to sell sub-Saharan Africa’s first Eurobond of 2015, the strengthening dollar risks curbing issuance across the continent as debt payments for governments grow more expensive. Sales will probably decline from last year’s record $16 billion as issuers fret about exchange rates amid the drag placed on local economies by slumping oil, according to Rand Merchant Bank. Last year, Ghana, Zambia, Ethiopia and Kenya were among countries that took advantage of all-time low borrowing costs...
(The Guardian 02/05/15)
Kimani Maruge was 84 when he started school – after the government introduced free primary education. His story inspired a film but was not unique, says Lee Mwiti. Earlier this month Google used its famous doodle to celebrate the anniversary of Kimani Maruge’s first day of school – at the ripe old age of 84. At the time the Kenyan student was the oldest person to start primary school, earning his place in the Guinness World Records. He first attended...
(Bloomberg 02/05/15)
(Bloomberg) -- Orange SA has explored various acquisitions in Africa including assets owned by Bharti Airtel Ltd., as the French company seeks to bolster its business in the region, according to people familiar with the matter. France’s largest phone company has held on-and-off again discussions with potential partners as it moves ahead with a plan to group its emerging-market operations into a single unit, the people said. No deal is imminent and there are no formal negotiations underway, the people...
(Voice of America 02/05/15)
Most young women who are at the highest risk of contracting the AIDS virus do not use drugs designed to prevent HIV infection, even when they're offered. That’s the conclusion of a new study that looked at so-called pre-exposure prophylaxis, or PrEP, in thousands of women in Africa. Among those who take PrEP every day, the risk of HIV infection is greatly reduced — up to 92 percent lower compared with those who do not use pre-exposure prophylaxsis. The strategy...
(The Wall Street Journal 02/04/15)
Companies and government officials are illegally moving as much as $60 billion out of Africa each year, according to a report released Sunday, depriving the world’s poorest continent of capital and tax revenue that could spur faster economic growth. A joint panel run by the United Nations and the African Union and led by former South African President Thabo Mbeki released a report describing the methods some companies use to send money out of the continent illicitly. The losses are...
(Voice of America 02/02/15)
ADDIS ABABA, ETHIOPIA— More than $60 billion leaves the African continent every year through illicit financial flows, and the amount keeps on growing. A report with recommendations for African countries was presented Sunday. A new report says African countries need to take concrete measures to stop billions of dollars from illegally being moved out of the continent each year. The report by a joint United Nations and African Union panel focuses on the illicit financial flows used to move the...

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