Wednesday 18 October 2017
(APA 09/15/17)
Mauritanian Minister of Culture and Crafts, Mohamed Lemine Ould Cheikh has sought to justify the expulsion of a team of US human rights activists, claiming their presence slated for September 8 to 15, was in violation of his country’s law. Expelled by the Mauritanian authorities on Friday through the Oumutounsi Airport in Nouakchott, the US activists had “a program that espouses sectarianism in Mauritanian society” Cheikh who also doubles as government spokesman told a press conference in Nouakchott on Thursday. A dozen US activists have announced their wish to inquire about the efforts made to eradicate slavery
(Bloomberg 09/15/17)
Societe Generale SA, challenged on its home turf by Orange SA’s push into banking, is fighting back with a new mobile lender in Africa. The French lender started YUP, a new app for smartphones, in Senegal and Ivory Coast and plans to begin operating in four other sub-Saharan countries this year and next, the company said on Thursday. The bank aims to double its client base to 2 million in the region within three years. “Telcos have opened the way and they’ve gotten ahead,” Alexandre Maymat, who oversees Societe Generale’s operations in French-speaking Africa, said at a press briefing. “We’re catching up” by redefining the retail strategy and providing a broader offering than telephone companies. Chief Executive Officer Frederic Oudea...
(Alakhbar 09/14/17)
ALAKHBAR (Nouakchott) - L’ex-président de l’assemblée nationale mauritanienne et chef du parti APP, Messoud Ould Belkheir, a appelé ses compatriotes au boycott de la Chine et de l'Inde qu’il accuse de soutenir "les exactions commises par le régime birman contre les Rohingyas". « J’appelle les Mauritaniens a boycotter la Chine maudite », a dit Messaoud qui était accueilli ce mercredi l’aéroport de Nouakchott après un séjour médical aux Emirats arabes unis. L’ex président de l’assemblée nationale mauritanienne a également exprimé son soutien aux Emirats Arabes Unis dans le cadre du conflit opposant d’un côté Abou Dhabi, Riyad et Manama, et de l’autre, le Qatar. Ce dernier a reçu le soutenu de la Turquie.
(Xinhuanet 09/13/17)
In an effort to promote economic development and solve complex conservation challenges facing world heritage sites, the African World Heritage Fund Patron and former President of Namibia Hifikepunye Pohamba will host a business leader's breakfast event in Namibian Capital, Windhoek on Thursday. The African World Heritage Fund is an initiative of the African Member States of the African Union and UNESCO, launched in 2006. Webber Ndoro, executive director of the African World Heritage Fund, at a media briefing on Tuesday in Windhoek said that the aim of the event is to promote a holistic private sector engagement, raise a sense of ownership and accountability for heritage protection as well as transmission of World Heritage sites in Namibia and Africa. "To...
(Reuters (Eng) 09/12/17)
Olympic boxing’s governing body, AIBA, has banned African confederation head Kelani Bayor for three years for allegedly provoking the crowd at the continental championships in Brazzaville last June. Bayor is an AIBA vice-president and executive committee member as well as chairman of Togo’s national Olympic committee. “The Disciplinary Commission found that a hostile and threatening reaction to AIBA officials by spectators after the result of a bout on the last day of the competition was exacerbated by comments from Mr Bayor,” AIBA said in a statement on Monday. It found Bayor had “committed serious and unacceptable violations of the AIBA Disciplinary Code” at the tournament in Congo Republic. AIBA said the ban was from all boxing activities and responsibilities and...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for its manganese. While ARM is “confident in the long-term outlook for commodities,” the company said prices will “remain volatile” this year. The rand, in which ARM pays most of its costs, has strengthened against the dollar this year, reducing earnings...
(APA 09/06/17)
APA-Nouakchott (Mauritania) - Ten people were killed on Monday night in a violent storm with rain in the vicinity of Boghe village (320 kilometers south from Nouakchott) on the Mauritanian shore of the Senegal River, local sources reported. Some 26 people were injured in the storm, due in part to the collapse of mud and wattle structures. About ten people were evacuated to the Aleg hospital (the capital of the region) for intensive care, while the others were treated on the spot. Administrative authorities and ambulance vehicles rushed to the scene, while the medical personnel in the region were mobilized to rescue the wounded. The storm has also caused material damage, which have not yet been quantified. This storm is...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to thank: in South Africa, a bumper corn harvest following the worst drought in more than a century saw the sector surge 34 percent from the prior quarter, while in Nigeria, where farming vies with industries as the second-biggest contributor to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(Agence Ecofin 08/31/17)
Presently, 3,740 hectares are used in Mauritania for vegetable production, against 2,500ha previously, thus nearly 50% more. This was disclosed by the general secretary of the Ministry of Agriculture, Ahmedou Bouh. 3 740 hectares. The official who was expressing himself during a workshop to validate the national strategy for the development of vegetable farms held jointly by the ministry of agriculture and the United Nations Food and Agriculture Organization (FAO), said the increase aligns with the government’s plans to boost the contribution of this agricultural sector to the economy. “Despite challenges, there is a lot of potential for vegetable production both in River’s valley and in the oases. Drawing a national strategy to boost this sector will help implement general...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(APA 08/28/17)
APA-Nouakchott (Mauritania) - Heavy rains on Saturday evening have disrupted traffic in the Mauritanian capital Nouakchott, making it difficult for pedestrians and motorists to find their way around the city. Most of the city’s roundabouts are inundated as a result of unrelenting rainfall ranging from 15 to 37 mm depending on the area. There were traffic jams and even breakdowns of vehicles in the middle of the water. Pedestrians did their best to negotiate their way around the city, avoiding getting caught up in the mud or emerging with soaked garments by caused by careless drivers. Inundation is a regular experience for Nouakchott residents every rainy season, given that the city does not have a complete drainage system to drain...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(The Guardian 08/25/17)
US labour unions cite Mauritania’s unwillingness to act on slavery as Trump administration is urged to deny country duty-free exports. The routine abuse of thousands of enslaved Mauritanians, including rape, beatings and unpaid labour, should prevent the African republic from receiving US trade benefits, American labour unions have said. Mauritania, which has one of the highest rates of modern-day slavery in the world and has been roundly criticised for its poor human rights record, is currently on a list of countries that benefit from the African Growth and Opportunity Act (Agoa). The act, designed to promote the economic development of countries that can show they uphold human rights and meet labour standards
(APA 08/25/17)
Mauritania has more than 900 varieties of mineral, including iron, gold, copper, quartz, uranium, phosphate, manganese and chromium, the Secretary General of the Mauritanian Ministry of Oil, Energy and Mines, Mohamed Ould Chrif Ahmed said. Speaking at a mining seminar on Thursday in Nouakchott, Mohamed Ould Chrif Ahmed said in order to create the conditions for optimal investment, the government of Mauritania has adopted a strategy to modernize and develop mineral resources via an incentive mining code, a favorable competitiveness and the construction of basic infrastructures. Emphasis was also placed on good governance, the Mauritanian official said; commending the results obtained which enabled the country to occupy the top ranks on the transparency and good governance index. Mauritania produces iron,...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...

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