Mauritanie | Africatime
Friday 06 May 2016

Mauritanie

(Bloomberg 05/04/16)
The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class. The median price for buyouts in 2015 increased to more than seven times the ratio of a company’s value to its earnings before interest, depreciation, tax and amortization, compared with 5.4 times in 2012, Cape Town-based RisCura Solutions (Pty) Ltd. said in a report on the industry released Wednesday. “Industries serving consumer staples and discretionary spending fetch the highest prices because of favorable demographics in the growing middle class,” Rory Ord, head valuations at RisCura, said by phone. “High growth expectations, fierce competition and decreased risk...
(IMF 05/03/16)
After a prolonged period of strong economic growth, sub-Saharan Africa is set to experience a second difficult year as the region is hit by multiple shocks, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa. The steep decline in commodity prices and tighter financing conditions have put many large economies under severe strain, and the new report calls for a stronger policy response to counter the effect of these shocks and secure the region's growth potential. The report shows growth fell to 3.5 percent in 2015, the lowest level in 15 years. Growth this year is expected to slow further to 3 percent, well below the 6 percent average over the last decade, and barely above population...
(AFP (eng) 05/01/16)
While petro-states reel from plunging oil prices and gas producers brace for American exports to hit the market, two west African nations are forging ahead with potentially massive extraction projects others might fear to touch. Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020, betting on long-term demand and the eventual recovery of the slumped market, as well as their proximity to Europe. Located off Africa's western extremity, three oil wells drilled by Scottish firm Cairn Energy have yielded a "significant resource base" in Senegalese waters, its chief executive Simon Thomson...
(Voice of America 04/30/16)
More than 200 people, including three African presidents, attended the opening of a three-day summit Friday near Mount Kenya, where activists and officials have gathered to discuss the future of Africa’s elephants and their habitats. Poaching has escalated to alarming heights in recent years, as 100,000 African elephants were killed between 2010 and 2012 alone. Tens of thousands continue to be poached every year across the continent. The goal of the event is to find ways to stop the slaughter...
(African arguments 04/29/16)
As Africa finds its voice after centuries of being silenced, well-intentioned outsiders must be careful to help and not hijack this moment. Just back from the Tana Forum on Peace and Security, held in the sleepy town of Bahir Dar on the shores of Ethiopia's Lake Tana, my head churns with questions about how African debates like this should be organised. Should they be held under a Baobab tree or in international hotels? Should they be formal or informal? Should...
(Forbes 04/29/16)
I write about how innovation is better in Africa. Opinions expressed by Forbes Contributors are their own. “If we can prove our basic supposition that children can learn to read, write and do math on their own, and with each other using only technology, the positive results will be global and exponential.” – XPRIZE’s Matt Keller. Having propelled humanity to the edge of space, the XPRIZE now hopes to inspire education for hundreds of millions of children, starting with a...
(Voice of America 04/28/16)
Press freedom declined in Africa and around the world in 2015, according to a new report by the monitoring and advocacy group Freedom House. The worst clampdown on the African continent took place in Burundi, a Great Lakes nation where efforts by the president to extend his time in office beyond constitutional limits have pushed the country to the brink of civil war. There, journalists have been imprisoned, beaten and killed and nearly all independent media outlets have been shut down. Worldwide, press freedom dropped to the lowest recorded level in 12 years, Freedom House said.
(BBC News Africa 04/28/16)
The call for better management of sport is heard across Africa - often as a lament, more regularly as an outburst of barely contained frustration. In football, former Ajax and Juventus defender Sunday Oliseh recently quit as Nigeria's national football coach, citing contractual violations and lack of support from his local federation. Months earlier, Zimbabwe were disqualified from the 2018 World Cup qualifying tournament after its football association failed to pay a former national coach. In athletics, Kenya only recently...
(UN.org 04/27/16)
The United Nations human rights office today deplored the confirmation of the death sentence for apostasy against a Mauritanian blogger, Mohammad Ould M'Kaitir, by the appellate court on 21 April. According to the Office of the UN High Commissioner for Human Rights (UNHCR), Mr. Ould M'Kaitir was convicted in the first instance by the criminal court in Nouadhibou in December 2014 for an article he had published online. He had expressed repentance on several occasions since, including during the appeals...
(The Guardian 04/27/16)
Barclays has revealed it has received approaches for its African operations – which its former chief executive Bob Diamond wants to buy – as it reported a 25% slump in first quarter profits and losses on oil-related loans. The bank, currently undergoing a restructuring under new chief executive Jes Staley, reported first quarter profits of £793m and a 15% rise in bad debts, largely a result of problems facing clients in the oil and gas sector. Staley, an American banker...
(Washington Post 04/27/16)
The pejorative phrase “Go back to Africa” made news last month when hurled at protesters at Donald Trump rallies. At the canceled rally on the campus of the University of Illinois–Chicago on March 11, protestor Jedidiah Brown was irate after he was allegedly told to “go back to Africa” by a Trump supporter. A natural-born American citizen, Brown said he had never been to Africa and therefore no one had the right to tell him to go back to a...
(Huffingtonpost 04/26/16)
The foreign aid arena in Africa has traditionally been dominated by the Organisation of Economic Co-operation and Development (OECD) countries. However, over the last three decades non-traditional donors such as China, have emerged. The increasing importance of non-traditional donors has meant that the economic and political stronghold of western countries in sub-Saharan Africa has gradually ebbed. China is now the largest non-traditional contributor of aid to sub-Saharan African countries. In the 1960s Africa provided China with an opportunity to increase its political and diplomatic reach.
(Financial Times 04/26/16)
This is likely to be the first year this millennium when Africa grows more slowly than the rest of the world, the IMF predicts. With the respected Ibrahim Index of African Governance suggesting that standards of governance have declined since the global financial crisis, and the IMF having warned that too few countries used the boom years to improve their public finances, a picture emerges of a continent that has largely squandered its commodity-led windfall. The recent slowdown has also...
(Voice of America 04/25/16)
Foreign policy almost always takes a back seat to domestic concerns during the U.S. presidential campaign season. Candidates rarely win over any voters in diners in New Hampshire or town hall events in Iowa touting their plans for economic investment and security frameworks in Africa. In 1999, then-candidate George W. Bush went so far as to declare Africa “irrelevant” to U.S. foreign policy during his first presidential run.
(BBC News Africa 04/24/16)
The influential Congolese music star Papa Wemba has died after collapsing on stage in Abidjan in Ivory Coast, media reports say. Video from the concert shows the artist, who was 66, slumped on the floor as dancers continue to perform, unaware of what is happening. French broadcaster France 24 confirmed the death, quoting his manager. On the African music scene since 1969, Papa Wemba won a world following with his soukous rock music. The Congolese band leader, whose real name was Jules Shungu Webadio, also inspired a cult movement known as the Sapeurs whose members, young men, spend huge amounts of money on designer clothes.
(BBC News Africa 04/23/16)
An appeal court in Mauritania has upheld the death sentence of a blogger convicted of apostasy, but referred his case to the Supreme Court. Mohamed Cheikh Ould Mohamed M'khaitir was arrested in January 2014 for an article criticising those who use religion as a means of discrimination. M'khaitir has apologised and said he never meant to insult the Muslim Prophet Muhammad. The Supreme Court can pardon him if it feels his repentance is sincere. The original announcement of his death...
(The New Times 04/23/16)
The apparent end to the commodity super-cycle has sent shockwaves across the global economy. It has sparked turbulence in world stock markets, put pressure on currencies, and fuelled major concerns about prospects for growth and the stability of public finances. Africa has not escaped this pessimism. Questions have been asked about the continent's economic future, with widespread fears that the remarkable gains of the last two decades could be reversed. The mood reminds me of the IMF/World Bank meetings I...
(AfricaNews 04/23/16)
More than a century after the light bulb was invented most of the African continent is still in the dark after nightfall. School children often cannot read after dusk, businesses cannot grow, clinics cannot refrigerate medicine or vaccines and industries are idled, hampering economic growth, jobs, and livelihoods. Today some 25 countries in sub-Saharan Africa are facing a crisis evidenced by rolling blackouts. Although the African continent is well endowed both with fossil fuels and renewable resources, these are not...
(AFP (eng) 04/22/16)
An appeal court in the west African state of Mauritania has upheld the death sentence of a blogger accused of blasphemy, a judicial source told AFP on Thursday. Cheikh Ould Mohamed Ould Mkheitir, who has also been named as Mohamed Cheikh Ould Mohamed, was initially handed the death sentence in 2014 on charges of "apostasy". The appeal court on Thursday upheld the sentence but downgraded the charge from apostasy to the lesser charge of being an "infidel" after the blogger...
(Zimbabwe Independent 04/22/16)
The year 2015 has been an annus horribilis for several economies in Africa. First, currencies across the board have depreciated dramatically against the dollar. Second, prices of almost all major commodities have crashed, which has had huge impact on government revenues. Third, China’s slowdown has put a damper on Africa’s economic growth. As a result, Africa’s economy will grow by 3,75% — lower than the 5% average of the last decade — and is expected to grow slightly higher in...

Pages

(Voice of America 04/30/16)
More than 200 people, including three African presidents, attended the opening of a three-day summit Friday near Mount Kenya, where activists and officials have gathered to discuss the future of Africa’s elephants and their habitats. Poaching has escalated to alarming heights in recent years, as 100,000 African elephants were killed between 2010 and 2012 alone. Tens of thousands continue to be poached every year across the continent. The goal of the event is to find ways to stop the slaughter of Africa’s elephants, protecting at least 50 percent of these animals and their landscapes by 2020. And to do so, conservationists say that government leaders must flex their political muscle in support of the cause...
(African arguments 04/29/16)
As Africa finds its voice after centuries of being silenced, well-intentioned outsiders must be careful to help and not hijack this moment. Just back from the Tana Forum on Peace and Security, held in the sleepy town of Bahir Dar on the shores of Ethiopia's Lake Tana, my head churns with questions about how African debates like this should be organised. Should they be held under a Baobab tree or in international hotels? Should they be formal or informal? Should they emulate Western or Asian styles or ignore them altogether? And ultimately, after centuries in which African voices have rarely been heard - from slavery, through colonialism, and up to the present day - who should now talk for Africa...
(Forbes 04/29/16)
I write about how innovation is better in Africa. Opinions expressed by Forbes Contributors are their own. “If we can prove our basic supposition that children can learn to read, write and do math on their own, and with each other using only technology, the positive results will be global and exponential.” – XPRIZE’s Matt Keller. Having propelled humanity to the edge of space, the XPRIZE now hopes to inspire education for hundreds of millions of children, starting with a...
(Voice of America 04/28/16)
Press freedom declined in Africa and around the world in 2015, according to a new report by the monitoring and advocacy group Freedom House. The worst clampdown on the African continent took place in Burundi, a Great Lakes nation where efforts by the president to extend his time in office beyond constitutional limits have pushed the country to the brink of civil war. There, journalists have been imprisoned, beaten and killed and nearly all independent media outlets have been shut down. Worldwide, press freedom dropped to the lowest recorded level in 12 years, Freedom House said.
(BBC News Africa 04/28/16)
The call for better management of sport is heard across Africa - often as a lament, more regularly as an outburst of barely contained frustration. In football, former Ajax and Juventus defender Sunday Oliseh recently quit as Nigeria's national football coach, citing contractual violations and lack of support from his local federation. Months earlier, Zimbabwe were disqualified from the 2018 World Cup qualifying tournament after its football association failed to pay a former national coach. In athletics, Kenya only recently...
(UN.org 04/27/16)
The United Nations human rights office today deplored the confirmation of the death sentence for apostasy against a Mauritanian blogger, Mohammad Ould M'Kaitir, by the appellate court on 21 April. According to the Office of the UN High Commissioner for Human Rights (UNHCR), Mr. Ould M'Kaitir was convicted in the first instance by the criminal court in Nouadhibou in December 2014 for an article he had published online. He had expressed repentance on several occasions since, including during the appeals...
(Washington Post 04/27/16)
The pejorative phrase “Go back to Africa” made news last month when hurled at protesters at Donald Trump rallies. At the canceled rally on the campus of the University of Illinois–Chicago on March 11, protestor Jedidiah Brown was irate after he was allegedly told to “go back to Africa” by a Trump supporter. A natural-born American citizen, Brown said he had never been to Africa and therefore no one had the right to tell him to go back to a...
(Financial Times 04/26/16)
This is likely to be the first year this millennium when Africa grows more slowly than the rest of the world, the IMF predicts. With the respected Ibrahim Index of African Governance suggesting that standards of governance have declined since the global financial crisis, and the IMF having warned that too few countries used the boom years to improve their public finances, a picture emerges of a continent that has largely squandered its commodity-led windfall. The recent slowdown has also...
(Voice of America 04/25/16)
Foreign policy almost always takes a back seat to domestic concerns during the U.S. presidential campaign season. Candidates rarely win over any voters in diners in New Hampshire or town hall events in Iowa touting their plans for economic investment and security frameworks in Africa. In 1999, then-candidate George W. Bush went so far as to declare Africa “irrelevant” to U.S. foreign policy during his first presidential run.
(BBC News Africa 04/23/16)
An appeal court in Mauritania has upheld the death sentence of a blogger convicted of apostasy, but referred his case to the Supreme Court. Mohamed Cheikh Ould Mohamed M'khaitir was arrested in January 2014 for an article criticising those who use religion as a means of discrimination. M'khaitir has apologised and said he never meant to insult the Muslim Prophet Muhammad. The Supreme Court can pardon him if it feels his repentance is sincere. The original announcement of his death...
(The New Times 04/23/16)
The apparent end to the commodity super-cycle has sent shockwaves across the global economy. It has sparked turbulence in world stock markets, put pressure on currencies, and fuelled major concerns about prospects for growth and the stability of public finances. Africa has not escaped this pessimism. Questions have been asked about the continent's economic future, with widespread fears that the remarkable gains of the last two decades could be reversed. The mood reminds me of the IMF/World Bank meetings I...
(AFP (eng) 04/22/16)
An appeal court in the west African state of Mauritania has upheld the death sentence of a blogger accused of blasphemy, a judicial source told AFP on Thursday. Cheikh Ould Mohamed Ould Mkheitir, who has also been named as Mohamed Cheikh Ould Mohamed, was initially handed the death sentence in 2014 on charges of "apostasy". The appeal court on Thursday upheld the sentence but downgraded the charge from apostasy to the lesser charge of being an "infidel" after the blogger...
(Zimbabwe Independent 04/22/16)
The year 2015 has been an annus horribilis for several economies in Africa. First, currencies across the board have depreciated dramatically against the dollar. Second, prices of almost all major commodities have crashed, which has had huge impact on government revenues. Third, China’s slowdown has put a damper on Africa’s economic growth. As a result, Africa’s economy will grow by 3,75% — lower than the 5% average of the last decade — and is expected to grow slightly higher in...
(Standard Digital 04/22/16)
Afrobarometer, a pan-African, non-partisan research network, recently released a report highlighting Africa’s electricity challenges. Power shortages can hamper socioeconomic development, but they also have implications for health and education. The electricity crisis in Africa is serious. One of the most glaring disparities is that across the 36 countries surveyed, 94% of urban dwellers have access to the electric grid, whereas only 45% do in rural areas. The urban-rural divide is most pronounced in Guinea, Mali and Niger. This suggests that...
(APA 04/21/16)
The Mauritanian presidency released on Wednesday in Nouakchott a statement announcing the appointment of members of the National mechanism for the prevention of torture (NPM). This institution, thé first of its kind in the history of Mauritania, includes a president and 12 members from the civil society more or less concerned with the issue. There are two members of the National Order of Physicians, two of National Bar Association, two independent personalities, 5 representatives of national non-governmental organizations working in...
(Voice of America 04/20/16)
Many parts of Asia, Africa and the Americas are scorching in heat caused by a cyclical phenomenon known as El Niño. The unusually warm waters that come up to the surface in the Pacific Ocean every three to six years cause extreme weather conditions. The resulting drought is especially hard on the poorest people of sub-Saharan Africa. Somaliland is one of the poorest African regions. Its rural population is struggling to make a living in the best of times, but...
(Dw-World 04/19/16)
The Munich Security Conference is convening a meeting in Ethiopia to discuss the fight against extremism, crisis prevention and democracy in Africa. This is the first conference of its kind on the African continent. Around 60 senior leaders from Africa, Europe and the US are gathering in the Ethiopian capital Addis Ababa to exchange ideas on how they can work together to fight terrorism and prevent crises in northern and eastern Africa. German diplomat, Wolfgang Ischinger, chairs the Munich Security...
(Xinhuanet 04/18/16)
HANGZHOU – Trade between African countries and the eastern Chinese city of Yiwu increased 20−fold, while the city’s imports from the continent rose 30−fold in the past half−decade. Local companies from the city have also invested US$39 million in seven African countries by the end of 2015, about 16% of the city’s overseas investment, according to Yiwu deputy mayor Xiong Tao during the fifth China−Africa Think Tanks Forum, which was held over the weekend. Last year, imports and exports between African countries and Yiwu reached 49,8 billion yuan (US$7,7 billion ), up 49% year−on−year, accounting for 2,7% of China’s total trade volume with Africa.
(The New York Times 04/18/16)
“Drought Cuts Short an African Success Story” (front page, April 13), about Zambia’s big Kariba Dam, describes the predicament facing those countries in Africa that are reliant on hydroelectricity in a time of climate destabilization. Turning to essentially waterless technologies like rooftop solar and wind can provide electricity to thousands of rural communities that have not been served and are unlikely to be by expensive transmission lines from big dams. The World Bank could have funded decentralized renewable energy that...
(The Economist 04/14/16)
“Is anyone here actually hoping to make any money, or are you all just trying to minimise your losses?” The question, asked at a dinner in London for investors who specialise in Africa, showed how the mood has changed in the past year. The financiers around the table—mostly holders of African bonds—all said they were simply trying not to lose money. Only a few years ago people were queuing up to invest in Africa. As recently as 2012 Zambia paid less than Spain to borrow dollars.

Pages

(Bloomberg 05/04/16)
The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class. The median price for buyouts in 2015 increased to more than seven times the ratio of a company’s value to its earnings before interest, depreciation, tax and amortization, compared with 5.4 times in 2012, Cape Town-based RisCura Solutions (Pty) Ltd. said in a report on the industry released Wednesday. “Industries serving consumer staples and discretionary spending fetch the highest prices because of favorable demographics in the growing middle class,” Rory Ord, head valuations at RisCura, said by phone. “High growth expectations, fierce competition and decreased risk...
(IMF 05/03/16)
After a prolonged period of strong economic growth, sub-Saharan Africa is set to experience a second difficult year as the region is hit by multiple shocks, the IMF said in its latest Regional Economic Outlook for Sub-Saharan Africa. The steep decline in commodity prices and tighter financing conditions have put many large economies under severe strain, and the new report calls for a stronger policy response to counter the effect of these shocks and secure the region's growth potential. The report shows growth fell to 3.5 percent in 2015, the lowest level in 15 years. Growth this year is expected to slow further to 3 percent, well below the 6 percent average over the last decade, and barely above population...
(AFP (eng) 05/01/16)
While petro-states reel from plunging oil prices and gas producers brace for American exports to hit the market, two west African nations are forging ahead with potentially massive extraction projects others might fear to touch. Energy firms say Senegal and Mauritania's current oil and gas ventures will transform them into net exporters by 2020, betting on long-term demand and the eventual recovery of the slumped market, as well as their proximity to Europe. Located off Africa's western extremity, three oil wells drilled by Scottish firm Cairn Energy have yielded a "significant resource base" in Senegalese waters, its chief executive Simon Thomson...
(The Guardian 04/27/16)
Barclays has revealed it has received approaches for its African operations – which its former chief executive Bob Diamond wants to buy – as it reported a 25% slump in first quarter profits and losses on oil-related loans. The bank, currently undergoing a restructuring under new chief executive Jes Staley, reported first quarter profits of £793m and a 15% rise in bad debts, largely a result of problems facing clients in the oil and gas sector. Staley, an American banker...
(Huffingtonpost 04/26/16)
The foreign aid arena in Africa has traditionally been dominated by the Organisation of Economic Co-operation and Development (OECD) countries. However, over the last three decades non-traditional donors such as China, have emerged. The increasing importance of non-traditional donors has meant that the economic and political stronghold of western countries in sub-Saharan Africa has gradually ebbed. China is now the largest non-traditional contributor of aid to sub-Saharan African countries. In the 1960s Africa provided China with an opportunity to increase its political and diplomatic reach.
(AfricaNews 04/23/16)
More than a century after the light bulb was invented most of the African continent is still in the dark after nightfall. School children often cannot read after dusk, businesses cannot grow, clinics cannot refrigerate medicine or vaccines and industries are idled, hampering economic growth, jobs, and livelihoods. Today some 25 countries in sub-Saharan Africa are facing a crisis evidenced by rolling blackouts. Although the African continent is well endowed both with fossil fuels and renewable resources, these are not...
(Business Day 04/21/16)
The apparent end to the commodity supercycle has sent shock waves across the global economy. It has sparked turbulence in stock markets, put pressure on currencies and fuelled concerns about prospects for growth and the stability of public finances. Africa has not escaped this pessimism. Questions have been asked about the continent’s economic future, with fears that the remarkable gains of the past two decades could be reversed. The mood reminds me of the International Monetary Fund-World Bank meetings I...
(AfricaNews 04/21/16)
The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged by 3.4% to $35.2 billion, in 2015. The sum which includes intra-African transfers, represents 6 percent of total transfers by migrants worldwide to their region or country of origin, Ecofin agency reports. The total migrants transfers worldwide, though lesser compared to the previous year is estimated at $581.6 billion. Africa is seen as number one...
(CNN 04/16/16)
Growth in Africa has outpaced most emerging markets in recent years, but that's changing fast as a slew of problems beset its leading economies. Cheap oil, political uncertainty and weak banks are all to blame. Here's what you need to know about sub-Saharan Africa's big four: South Africa The prospects for Africa's most advanced economy are not looking good. The country is set to grow by just 0.6% this year, according to the International Monetary Fund. It's one of the...
(Cnbc Africa 04/16/16)
The apparent end to the commodity super-cycle has sent shockwaves across the global economy. It has sparked turbulence in world stock markets, put pressure on currencies, and fuelled major concerns about prospects for growth and the stability of public finances. Africa has not escaped this pessimism. Questions have been asked about the continent’s economic future, with widespread fears that the remarkable gains of the last two decades could be reversed. The mood reminds me of the IMF/World Bank meetings I...
(Bloomberg 04/15/16)
Less than two years after International Monetary Fund Managing Director Christine Lagarde heralded Africa for its “remarkable resilience,” some of the continent’s former brightest stars are seeking bailouts. Ghana and Angola have turned to the IMF for help in the past year, as has Mozambique, which Lagarde had said epitomized the new “positive spirit” on the continent. Zambia may soon be forced to follow suit, Kenya took on a $1.5 billion standby facility and Nigeria, Africa’s biggest economy, is negotiating...
(Forbes 04/13/16)
By training one million young Africans with digital skills in the next year, Google GOOGL +0.78% is hoping to grow the continent’s digital economy and change the nature of its media and advertising industries. With 500m internet users expected to be online in Africa by 2020, according to Google, the Digify program will run in South Africa, Nigeria and Kenya – where youth unemployment stands at 35%, 13% and 17% respectively, it says.
(The Wall Street Journal 04/12/16)
Fortune seekers across Africa are clambering down gold shafts closed by some of the world’s biggest miners, fueling dystopian conflicts between companies waiting out a commodity rout and poor villagers with little to lose. The result is a chaotic and often deadly tableau playing out deep underground across the mineral-rich continent. Dozens of miners have been killed in subterranean gunfights over turf ceded by mining companies, many of whom fear the collateral damage to shaft walls and winches could make...
(News24 04/12/16)
The number of planned hotel rooms in Africa has soared to 64 000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey. The increase is largely down to strong growth in sub-Saharan Africa, which is up 42.1% on 2015 and is significantly outstripping North Africa which achieved only a modest 7.5% pipeline increase this year. South Africa ranks in position 9 of the hotel...
(Business Day 04/11/16)
There is no evidence to prove bilateral investment treaties signed by African countries have made them more attractive to foreign direct investment, despite it being the main reason to sign them. The private sector tends to be the main beneficiary of treaties, with governments weakened by a lack of negotiating capacity. These are among the findings of an Economic Commission for Africa report looking at issues about, and the consequences of, investment policies and bilateral investment treaties. The report was...
(Business Day 04/08/16)
As we face the challenges of the 21st century, there is more that unites Africa and Europe than divides us. We share a common history of thousands of years. Today more than ever, we need to work together to build our common future and to work jointly on the defining global issues of our age. We have a shared view of the benefits of co-operation on our continents. Europe’s journey from the devastation of 1945 to a union of more...
(The Guardian 04/06/16)
Reeling from external trade shocks, resulting in search for alternative source of funds for financing public expenditures, experts have advised African countries to exercise restraint in sourcing for foreign loans. This is even as the government of Nigeria may have shelved any plan to increase taxes, especially the Value Added Tax (VAT), at least this year.
(This Day Live 04/06/16)
The 18 member countries of African Petroleum Producers Association are considering strategies that will keep them afloat in the wake of the challenging crude oil price environment. Since the prices of crude oil in the international market took an uncertain path, the economies of some key African oil producing countries have received some significant battering, especially those that rely heavily on crude oil export to meet their respective economic and social responsibilities. Over the periods that oil prices have slipped...
(Foreign Policy 04/05/16)
Africa’s petrostates are crashing hard. A cool $115 in the summer of 2014, a barrel of Brent crude, the international pricing benchmark, now fetches below $40. And having failed to build massive foreign exchange reserves like Saudi Arabia or other Gulf monarchies, African oil exporters are now being forced to grapple with depreciating national currencies, mounting inflation, and deep cuts in government spending. Some of these states are now dangerously unstable, staring down popular unrest or domestic insurgencies that left unaddressed could set them back years, if not decades, in development terms.
(Independent Online 04/05/16)
The African Union (AU) Conference of African Ministers of Finance, Planning and Integration concludes in Addis Ababa, Ethiopia, on Tuesday with Dr Nkosazana Dlamini Zuma, the chairperson of the African Union Commission, imploring African countries to improve young people’s skills in science and engineering. The Conference of Ministers is an annual event jointly organised by the Economic Commission for Africa and the African Union Commission. It is being held at the Conference Centre of the Economic Commission for Africa in...

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(Voice of America 03/15/16)
George Wyndham of Sierra Leone is a force to be reckoned with. He’s been playing table tennis for 14 years, despite being paralyzed by polio as a child. Now, at age 26, he is among the best physically challenged players in Africa. "Whenever I play table tennis, it always makes me happy and forget about my disability," Wyndham said. Having polio has pushed him even harder to make something of his life, he says, especially in a country where there is not much support for disabled people. Having an outlet like table tennis is a way to give other people confidence, he adds. "I feel good, because for [the] past 14 years I was alone,...
(Reuters (Eng) 01/16/16)
FIFA presidential candidate Prince Ali Bin Al Hussein of Jordan has asked soccer's world governing body to investigate Friday's agreement signed between the African and Asian confederations in case it breaches the electoral code. Asian Football Confederation (AFC) President Sheikh Salman Bin Ebrahim Al Khalifa and Confederation of African Football (CAF) counterpart Issa Hayatou signed the 'co-operation agreement' in Rwanda, just over a month before the FIFA presidential election in Zurich on Feb. 26. Sheikh Salman, South African politician and businessman Tokyo Sexwale and Prince Ali are among five candidates standing in the election, with the Jordanian fearing vote deals had been struck between the two confederations who will have a combined 100 votes in the 209 member poll. "I...
(Dw-World 12/22/15)
Joseph Blatter has pledged to fight the eight-year ban handed down to him by FIFA's Ethics Committee with all means at his disposal. He also reiterated earlier assertions that he had done nothing wrong. The FIFA president told reporters at a press conference in Zurich on Monday that he would go to the Lausanne-based Court of Arbitration for Sport and to a Swiss human rights court in a bid to get his ban on all football-related activities overturned. "I will...
(Xinhuanet 11/25/15)
(Xinhua) -- Confederation of African Athletics (CAA) believes its officials are targeted negatively in the fight against doping that is bedeviling track and field discipline at the moment. CAA believes embattled International Association of Athletics Federation (IAAF) former president Lamine Diack is being condemned without trial for abetting doping.
(This Day Live 09/14/15)
After running previous 11 editions, as the All Africa Games, the Games has now been renamed the 'African Games,' an official revealed at the weekend. The Games returned to its birthplace, Brazzaville, in 2015, where it was first held 50 years ago in 1965 as the All Africa Games. The Games are expected to be held every four years. However, for one reason or the other, the four yearly cycle has not been maintained. According to the Executive Secretary of...
(Caj News Africa 07/03/15)
Johannesburg — A number of countries that won their opening matches for the CAF 2017 African Nations Championship (CHAN) are tipped to progress to the next stage while others face an uphill task. Among the highlights of the preliminary rounds is an East African Derby pitting Kenya and Ethiopia with the former expected to sail through after an impressive 2-0 away win in Addis Ababa in the first leg two weeks ago. Down south, Bafana Bafana , as South Africa...
(CNN 06/20/15)
(CNN)The insults are crude, but they hit home hard. The players of Koa Bosco have suffered many such racial taunts since their football club was formed in 2013. On occasion, physical violence has even flared on the pitch, says the Italian team's manager Domenico Mammoliti. "The ignorance of some people..." he sighs, revealing a hint of exasperation at the abuse he says his players have endured. Life in the Italian lower leagues is clearly tough. Yet it's nothing compared to the journey undertaken by this team of African immigrants and refugees from countries such as Ghana, Senegal, Gambia, Burkina Faso, Mali, the Ivory Coast, Togo and Sudan.
(Dw-World 06/15/15)
Two African teams are playing in the FIFA Women's World Cup on Friday (12.06.2015): Nigeria and Cameroon. African women's football has performed poorly in previous tournaments. DW's Sam Olukoya finds out why. Some blame the poor state of African women's football in general for the continent's lackluster performance at international tournaments. 20-year-old professional footballer Igmemeka Ike has been playing since the age of 15. She said the main difficultly women footballers face in Nigeria is the shortage of funds caused...
(Dw-World 06/04/15)
There have been many expressions of regret by soccer fans and functionaries across Africa following Sepp Blatter's announcement that he will step down as as president of FIFA later this year. If there was one thing Sepp Blatter could be sure of during his nearly 18 years as FIFA president, it was that he had the support of African soccer. The continent's governing soccer body CAF, and its individual 54 voting members, has repeatedly expressed thanks and appreciation for Blatter's...
(RFI(EN) 05/28/15)
The arrest of senior members of Fifa is "quite extraordinary", an expert told RFI Wednesday as two crimininal investigations into corruption within world football's governing body were opened.Seven senior officials were arrested in Zurich on corruption charges at the request of the United States. Two others officials were arrested by the American authorities. Separately, Swiss police also seized files and emails at the Fifa headquarters as part of an investigation into the awarding of the 2018 and 2022 World Cups...
(CNN 04/27/15)
(CNN)The NBA announced Wednesday that it will play its first ever exhibition game in Africa on August 1 at Ellis Park Arena in Johannesburg, South Africa. Team Africa will tip-off against Team World and will feature two-time NBA All-Star Luol Deng, born in South Sudan, as its captain. The Miami Heat star will lead a roster made up of first and second generation African players. Team World will be led by eight-time NBA All-Star Chris Paul of the Los Angeles...
(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 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...
(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...

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(BBC News Africa 04/24/16)
The influential Congolese music star Papa Wemba has died after collapsing on stage in Abidjan in Ivory Coast, media reports say. Video from the concert shows the artist, who was 66, slumped on the floor as dancers continue to perform, unaware of what is happening. French broadcaster France 24 confirmed the death, quoting his manager. On the African music scene since 1969, Papa Wemba won a world following with his soukous rock music. The Congolese band leader, whose real name was Jules Shungu Webadio, also inspired a cult movement known as the Sapeurs whose members, young men, spend huge amounts of money on designer clothes.
(The Associated Press 07/13/15)
Babajide Olatunji sold his first portrait for about $7. Seven years later, his charcoal renderings of faces with tribal markings sell for thousands of dollars. This 24-year-old's success is part of a new global recognition of the value of contemporary African art. "It's the new 'Scramble for Africa,' no longer for land, gold or diamonds, but for art," said Giles Peppiatt, who holds the only auctions of modern African art outside the continent, at Bonham's in London. "It's a rather different kind of tussle that is making art a viable occupation for artists across Africa," he said. Nigeria, with the continent's largest economy and population, is leading the art field, too, with a host of established and up-and-coming painters, sculptors,...
(Vanguard 06/25/15)
Grammy Award winning R&B icon, NE-YO, has been announced to perform at the MTV Africa Music Awards 2015. Performing songs from his sixth studio album 'Non Fiction' the singer-songwriter expressed his excitement about his first ever performance in the South African city, "I can't wait for you to see what I have in store Durban! I hope you're ready, because I am!" Since smashing onto the top spot of the Billboard Hot 200 Chart back in 2006 with his sophomore...
(Ips News 04/20/15)
Paris — Quick now, can you name a famous African sculptor from the 1800s or even the early 20th century? Anyone able to answer positively is part of a select minority - most museum-goers have become used to seeing traditional African carvings without knowing the name of the artist. But some experts are taking steps to change this, with the most extensive exhibition devoted to identifying Africa's expert sculptors now on in Paris at the Quai Branly Museum - a...
(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...
(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...
(Bloomberg 05/04/16)
The prices private equity firms pay for stakes in African companies are the highest in six years, driven by record fundraising and competition for the continent’s expanding middle class. The median price for buyouts in 2015 increased to more than seven times the ratio of a company’s value to its earnings before interest, depreciation, tax and amortization, compared with 5.4 times in 2012, Cape Town-based RisCura Solutions (Pty) Ltd. said in a report on the industry released Wednesday. “Industries serving consumer staples and discretionary spending fetch the highest prices because of favorable demographics in the growing middle class,” Rory Ord, head valuations at RisCura, said by phone. “High growth expectations, fierce competition and decreased risk...
(Voice of America 04/30/16)
More than 200 people, including three African presidents, attended the opening of a three-day summit Friday near Mount Kenya, where activists and officials have gathered to discuss the future of Africa’s elephants and their habitats. Poaching has escalated to alarming heights in recent years, as 100,000 African elephants were killed between 2010 and 2012 alone. Tens of thousands continue to be poached every year across the continent. The goal of the event is to find ways to stop the slaughter of Africa’s elephants, protecting at least 50 percent of these animals and their landscapes by 2020. And to do so, conservationists say that government leaders must flex their political muscle in support of the cause. Kenyan President Uhuru Kenyatta gave...
(BBC News Africa 04/28/16)
The call for better management of sport is heard across Africa - often as a lament, more regularly as an outburst of barely contained frustration. In football, former Ajax and Juventus defender Sunday Oliseh recently quit as Nigeria's national football coach, citing contractual violations and lack of support from his local federation. Months earlier, Zimbabwe were disqualified from the 2018 World Cup qualifying tournament after its football association failed to pay a former national coach. In athletics, Kenya only recently...
(Voice of America 04/25/16)
Foreign policy almost always takes a back seat to domestic concerns during the U.S. presidential campaign season. Candidates rarely win over any voters in diners in New Hampshire or town hall events in Iowa touting their plans for economic investment and security frameworks in Africa. In 1999, then-candidate George W. Bush went so far as to declare Africa “irrelevant” to U.S. foreign policy during his first presidential run.
(The Wall Street Journal 04/12/16)
Fortune seekers across Africa are clambering down gold shafts closed by some of the world’s biggest miners, fueling dystopian conflicts between companies waiting out a commodity rout and poor villagers with little to lose. The result is a chaotic and often deadly tableau playing out deep underground across the mineral-rich continent. Dozens of miners have been killed in subterranean gunfights over turf ceded by mining companies, many of whom fear the collateral damage to shaft walls and winches could make...
(BBC News Africa 04/09/16)
A mobile insurance scheme to help small-scale farmers in Kenya ensure their agricultural produce against drought and other natural disasters is spreading to other parts of Africa, as Neil Ford explains. A greater proportion of sub-Saharan Africans work in agriculture than anywhere else on the planet but only 6% of the population of Africa and the Middle East have any form of agricultural insurance. "The insurance man" was a feature of many Western countries in past decades. Local agents collected...
(Forbes 04/01/16)
Africa seems to be the only continent today that is regularly referred to as a country. It bristles me every time I hear it said. It’s reminiscent of Ronald Reagan’s chatter with the press aboard Air Force One in late 1982 on his way back to the US from a Presidential visit to Latin America: “I learned a lot down there…You’d be surprised, because, you know, they’re all individual countries.” As a relatively freshly minted PhD in international business economics...
(Bloomberg 03/22/16)
The corn that is a food staple for much of southern Africa is now so expensive it has become a luxury many can’t afford, after the worst drought in three decades damaged crops from Ethiopia to South Africa. In Malawi, one of a dozen nations affected by the dry spell, Meleniya Mateyu says she has to forage for wild water-lily roots called nyika from streams and swamps to feed her two orphaned grandchildren. The small amount of grain she gets...
(CNN 03/21/16)
What makes a country happy? Is it wealth, freedom or a trustworthy government? According to the latest World Happiness Report, compiled by the Sustainable Development Solutions Network for the United Nations, all these factors are key, and measuring happiness is fast becoming a good measure of social progress. Six key factors were measured to establish a global ranking of the happiest countries; GDP per capita, social support, healthy life expectancy, freedom to make life choices, generosity and perceptions of corruption...
(The New Times 03/15/16)
In pursuit of socio-economic transformation, African countries have often tried to either follow into the Western or Asian development footprints, often too, oblivious to the fact that their systems may not be compatible back home. During the first day of the inaugural African Transformation Forum (ATF) in Kigali, yesterday, several economists said Africa does not need to follow anyone’s development model but rather chart its own path to unlock rapid and sustained growth. The two-day meeting is co-hosted by African Centre for Economic Transformation (ACET), one of Africa’s leading think-tanks, and the Government of Rwanda.
(Voice of America 03/09/16)
Climate change is threatening some of Africa's most important crops, including corn, beans and bananas, and scientists warn that the agriculture system there needs some adjustments, and fast. The problem is, as climate change has a greater impact on the continent's crops, some areas currently growing staple crops won't be able to support them. The study was done by the University of Leeds and was released in Nature Climate Change. Staple crops at risk The numbers are startling. A full...
(Voice of America 02/11/16)
Resource-poor countries like Kenya, Rwanda and Ethiopia are experiencing growth, while resource-rich countries like Nigeria and Angola are battling. The former finance minister of Zimbabwe, Tendai Biti, told the Investing in African Mining Indaba annual conference Tuesday that diversification is key, but African leaders in resource rich countries don’t learn. However, he said the silver lining to the current slump is for policy makers to see this as an opportunity, a sentiment also expressed in the National Bureau of Statistics...
(Voice of America 01/25/16)
HARARE— Zimbabwe President Robert Mugabe and Equatorial Guinea President Teodoro Obiang Nguema Mbasogo say Africa wants to see reforms enacted at the U.N. Security Council and they want the continent to be given at least one spot as a permanent member. The call came at the end of a visit to Zimbabwe by Nguema and ahead of an African Union General Assembly later this month. Mugabe — who is handing over the rotating AU chairmanship — said his Equatorial Guinea...
(CNN 01/22/16)
(CNN)This week, the African Union is meeting to discuss human rights, and particularly how the continent can realize the full potential of its women. Naturally, the power of information and communication technologies are on the agenda for discussion. But haven't we been here before? We are more than half way through the "African Women's Decade" launched in 2010. What has happened in the intervening six years? Since 2010, much has been made about Africa's mobile and digital revolution and its...
(CNN 01/22/16)
(CNN)Fancy a drink of Sparletta Stoney Tangawizi? Or maybe a glass of Krest Bitter Lemon? Those are two of over 100 drinks that Coca-Cola produces in Africa, many tailored to local taste. The approach in each city may differ, but the company's strategy is the same everywhere: a Coke product should always be within reach. "It is very important that as a business we really ensure that we continue to be relevant to consumers and customers," Nathan Kalumbu, President Coca-Cola...
(The Wall Street Journal 01/19/16)
Barclays PLC was one the few western banks to blaze a trail into sub-Saharan Africa. Now it is preparing to stage a gradual retreat. Barclays executives have concluded that being the majority owner of a sprawling African business no longer fits with the bank’s strategy, according to people familiar with the matter. The bank is drawing up plans to sell some of its 62% stake in Barclays Africa Group Ltd. , the publicly traded entity that houses most of its...
(CNN 01/16/16)
London (CNN)With over 1,000 restaurants in the continent, KFC is the leading fast food chain in Africa. But its dominance is limited to South Africa, home to about 80 percent of them. Despite its success, the company faces many challenges as they try to establish the brand in other regions, for example by making sure its food is relevant and recognizable to Africans. Serving jollof rice, a spicy dish native to West Africa, is one way in which KFC is...
(BBC News Africa 01/14/16)
African exports to China fell by almost 40% in 2015, China's customs office says. China is Africa's biggest single trading partner and its demand for African commodities has fuelled the continent's recent economic growth. The decline in exports reflects the recent slowdown in China's economy. This has, in turn, put African economies under pressure and in part accounts for the falling value of many African currencies. Is China a brake on Africa's progress? Presenting China's trade figures for last year,...
(CNN 01/14/16)
(CNN)In 2014, 100 million people were using Facebook each month across Africa, over 80% via mobile. That figure has now jumped to over 120 million. Four and a half million of those Facebook users are based in Kenya, 15 million in Nigeria and 12 million in South Africa, in statistics first reported by Reuters. Overall, around 9% of Africans use social media, with South Africans among the world leaders in time spent on social networks with an average of 3.2...
(BBC News Africa 01/13/16)
The BBC's southern Africa correspondent Karen Allen looks at the areas in which Africa can expect big social change this year, some of which have seen campaign groups turn to the internet to state their case. They say information is power and we've seen that demonstrated in the past year, with the protests about quality and access to affordable education right across the continent. Watch out for more developments in the #Feesmustfall campaign in South Africa, as students prepare to...

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