Monday 23 October 2017
(AFP (eng) 10/18/17)
Rent-a-room giant Airbnb said Tuesday that it had provided accommodation for 1.2 million visitors to Africa over the last year -- double the previous year as tourism expands across the continent. The website now offers more than 100,000 accommodation options in Africa, global public affairs director Chris Lehane said on a visit to Johannesburg. "It's an incredibly rich and diverse continent, an incredibly dynamic place, certainly a big part of our future," Lehane told AFP. Airbnb was founded in 2008 and offers accommodation ranging from single bedrooms to whole homes in 65,000 cities in 191 countries. The company announced Tuesday that it would invest $1 million (850,000 euros) in Africa by 2020 to "promote and...
(APA 10/16/17)
APA-Dakar (Senegal) - The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration. AfDB President Adesina will receive the 2017 World Food Prize on Thursday October 19, announced a press release issued by the AfDB on October 16, which also said “the prize is to agriculture what the Nobel Prize is to peace, science and literature.” The World...
(AFP (eng) 10/10/17)
Economic growth in sub-Saharan Africa is set to accelerate to 3.4 percent next year, the International Monetary Fund said Tuesday, citing Nigeria's recovering oil and agricultural sectors. The IMF said in its latest World Economic Outlook report that the region would grow by 2.6 percent this year after 1.4 percent in 2016. "Growth is expected to rise gradually," it said, while noting that the rate would be uneven and "barely above population growth". GDP in the west African powerhouse Nigeria...
(Reuters (Eng) 10/05/17)
NAIROBI (Reuters) - Hilton Worldwide Holdings Inc. (HLT.N) plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent. One property will open in the Kenyan capital Nairobi by the end of this year and another in the Rwandan capital Kigali in 2018, it said in a statement. There was 11 percent growth in...
(AFP (eng) 09/29/17)
Government shutdowns of the internet have cost sub-Saharan Africa about $237 million since 2015, according to a study released Friday, as authorities increasingly implement planned disruptions. At least 12 countries have had internet shutdowns, often before elections or when protests erupt, with mobile internet networks most recently suspended in Togo during opposition demonstrations. "Internet disruptions, however short-lived, undermine economic growth, disrupt the delivery of critical services, erode business confidence, and raise a country’s risk profile," the CIPESA report said. The Collaboration on International ICT Policy for East and Southern Africa (CIPESA) released its...
(Bloomberg 09/27/17)
Studio 189, a label founded by actress Rosario Dawson and fashion executive Abrima Erwiah, is reinvesting in its African roots. It’s hard enough to build a fashion brand, let alone an empire. Rare is the person who makes a mission of using fashion to build communities. Such is the case with Studio 189, a label founded by longtime friends Abrima Erwiah (formerly a marketing executive at Bottega Veneta) and Rosario Dawson (an enduring star most recently seen in Netflix’s Marvel...
(Reuters (Eng) 09/26/17)
Israel’s Elbit Systems Ltd said on Tuesday it won a contract worth $240 million to provide a wide array of defense electronic systems to an unnamed country in Africa. The contract, which will be carried out over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder fired missiles, based on passive infrared systems, and includes missile warning systems, radio and communication systems, land systems, mini-unmanned air systems and helicopters upgrade.
(Voice of America 09/25/17)
African first ladies and activists hailed progress that some governments on the continent are making on gender equality. They met on the sidelines of the United Nations General Assembly in New York. “We used to have 23 percent female representation in parliament but, with the stroke of a pen it went up to 48 percent. So, we managed to double our female representation with that decision,” said Namibia’s first lady Monica Geingos at a roundtable invitation-only event co-hosted by the...
(Macauhub 09/21/17)
The Mozambican government remains committed to its goal of bringing electricity to the whole country by 2030, the Minister of Mineral Resources Leticia Klemens said on Wednesday in Maputo. The minister, who spoke at the presentation of the portfolio of projects of the National Energy Fund (Funae), stressed that the government has been intensifying efforts to bring the electricity supply to rural areas of the country. Quoted by Mozambican newspaper Notícias, Klemens said private entities “now have more room to finance renewable energy projects in Mozambique, thus opening the way for the investment to stop being just public.” As an example of private sector involvement, she cited the agreement signed last May between Funae
(Macauhub 09/21/17)
The United Kingdom’s exit from the European Union is an opportunity to make more investments in Mozambique and will not have a negative impact on bilateral trade relations, the British Minister for International Trade said on Wednesday in Maputo. Minister Liam Fox, who travelled to Mozambique as part of a tour of some southern African countries, said that what worries potential British investors is the guarantee of macroeconomic stability and a stable legal framework. The SADC Sugar Producers Federation last...
(Macauhub 09/19/17)
The Mozambican Energy Fund (Funae) on Tuesday is scheduled to present a portfolio of renewable energy projects worth an estimated US$500 million to help ensure that by 2030 the Mozambican population has full access to electricity, according to a statement issued on Monday in Maputo. The statement cited by Mozambican state news agency AIM said the project portfolio provides for electrification through the use of solar and hydro sources, covering the provinces of Maputo, Gaza and Inhambane (south), Sofala, Manica, Tete and Zambézia (central Mozambique) and Nampula, Niassa and Cabo Delgado
(Macauhub 09/19/17)
The governments of Mozambique and Malawi have decided to expand the Nacala Development Corridor, which includes a railway line that crosses the two countries linking Moatize, in Tete province, to the port of Nampula, in Nampula province, under a agreement signed on Friday in Maputo. The agreement, which provides for additional funding of US$2.5 billion for development of the corridor, will allow the corridor to evolve, “as well as fostering economic growth by promoting and coordinating economically viable businesses in...
(Macauhub 09/19/17)
India’s decision to freeze imports of some types of pulses to protect local production prices has meant that a number of farmers in Mozambique have run out of markets to export their produce, according to Mozambican newspaper Notícias. The newspaper wrote that more than 300 tonnes of Boer beans produced in the current agricultural campaign in the districts of Ancuabe, Montepuez, Chiúre, Balama and Namuno, in the south of the Mozambican province of Cabo Delgado, run the risk of deteriorating...
(Macauhub 09/19/17)
Mozambique’s banking sector has become reliant on loans to the public sector to maintain growth due to the economic environment created by the state’s financial default in 2016, according to consultancy BMI Research. In a note on the financial sector sent to analysts, the Fitch group consultancy adds that this is because “the government has increasingly been kept away from international markets following the disclosure of hidden debts and subsequent financial default.” With limited access to external financing, the government...
(The Guardian 09/18/17)
Anna Jones says that, through selling its cocoa cheaply, Africa is exporting its wealth overseas; while Sue Banford claims that the soya moratorium in the Amazon has done nothing to halt deforestation. Only the final paragraph in your article on cocoa farming causing deforestation in Ivory Coast (Forests pay price for world’s taste for cocoa, 14 September) mentioned the most fundamental thing – the farmer’s livelihood, or lack of it. The low value of his (or more likely her) crop...
(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...
(APA 09/13/17)
The Mozambican government has approved a US$25-million tourism project that seeks to increase the competitiveness of the sector, taking advantage of the country’s potential and providing quality tourist services. Cabinet spokesperson Ana Comoana told journalists on Tuesday night after a cabinet meeting in Maputo that two South African and United States companies have been authorised to develop a tourism and conservation farm at Mapulanguene Administrative Post in Magude district in Maputo province. "They (South African and US companies) have created a locally-based joint venture firm known as Nuanetsi Lda for this purpose,” said Comoana
(APA 09/07/17)
The government in Maputo has identified two foreign firms that will build an ambitious 3,800-kilometre north-south rail link costing US$20 billion. "It (the project) would cost about US$20 billion dollars to build the 3,800 kilometres of new railway to connect existing lines between the coast and the interior. The project would provide links to existing ports and those contemplated in the coming years", Mozambique’s Minister of Transport and Communications Carlos Mesquita told the Fifth Engineering Congress of Mozambique, which got...
(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...
(Xinhuanet 09/05/17)
Delegates from African countries are hoping to attract more Chinese investment at the ongoing 11th China-Northeast Asia Expo in Changchun, capital of northeastern Jilin Province. Representatives from Ethiopia, Kenya, Zambia and Mozambique presented a variety of collaborative projects at the expo, ranging from grain and dairy processing, light manufacturing, to machinery and construction, in the hope of finding Chinese counterparts to invest in their countries. Ethiopia has set up a one-stop service system to simplify the approval process for business...

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