| Africatime
Thursday 23 March 2017
(Reuters (Eng) 03/23/17)
The International Monetary Fund hopes an audit into Mozambique's debt burden will be concluded in the next couple of weeks and that the government will publish the results, the head of the IMF's Africa department said on Wednesday. The fund is also looking to base any policies or programs designed for the Central African economic bloc (CEMAC) around maintaining the currency peg the six nations hold against the euro, Abebe Selassie told Reuters in an interview. Debt-ridden Mozambique, one of the world's poorest countries, is struggling to repay loans of more than $2 billion that were not approved by parliament.
(Bloomberg 03/23/17)
Mozambique said Exxon Mobil Corp.’s acquisition of a 25 percent stake in an offshore gas block from Eni SpA will generate capital gains revenue of $350 million. The government expects only to receive payment when the transaction is concluded, Anibal Balango, an official in Mozambique’s tax authority, told reporters in the capital, Maputo, on Tuesday. As a non-resident company, Eni was only eligible to pay tax on half the value of the $2.8 billion deal with Exxon. That value was further reduced to $1.1 billion after existing investments by the Italian company were accounted for, giving a tax rate of about 32 percent, the authority said. The tax windfall from the Exxon deal, announced on March 9, comes as Mozambique...
(Reuters (Eng) 03/23/17)
N'DJAMENA French far-right presidential candidate Marine Le Pen pledged on Wednesday to break with her country's decades-old relationship with Africa known as "Francafrique" and abolish the CFA franc currency policy that binds Paris and its former colonies. Francafrique describes an informal web of relationships Paris has maintained with its former African colonies and its support, sometimes in the form of military backing, for politicians who favor French business interests. Le Pen, one of the frontrunners in the presidential election, spoke...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(AFP (eng) 03/20/17)
A young Mozambican football player was snatched and killed by a crocodile while training along the banks of a river, his club said on Monday. Estevao Alberto Gino, 19, who played for Mozambique's second division club Atletico Mineiro de Tete, lived near the Zambezi river in the western province of Tete. The incident happened last Thursday. "On that night, he was training and after jogging he stretched his hands into the water and that was when the crocodile caught him," coach Eduardo Carvalho told AFP. Two neighbours who witnessed the attack estimated the crocodile to have been about five-metres (16-feet) long, and "they could not do anything"
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(APA 03/16/17)
Mozambique and Japan have agreed on two instruments of bilateral cooperation in the areas of infrastructure development of extreme importance for the socio-economic growth of the southern African country, APA learnt on Wednesday. State-run Radio Mozambique reported that two agreements were signed in the Japanese capital Tokyo on Wednesday during the official visit of Mozambican President Filipe Nyusi to the Asian country. An Agreement on the Exchange of Notes for the construction of roads and bridges in the northern province...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/16/17)
Africa will host a Commonwealth Games one day despite the blow of Durban being stripped of hosting the 2022 edition, David Grevemberg, the chief executive of The Commonwealth Games Federation (CGF), told AFP. Durban lost the right to host the Games on Monday -- just 18 months after being awarded them -- when it failed to meet criteria laid down by the CGF, primarily over costs. "I wouldn't want to make a judgement call," Grevemberg told AFP on the sidelines...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(AFP (eng) 03/14/17)
Mozambique is battling a cholera outbreak that has infected 1,222 people and killed two, the country's health ministry said Tuesday, warning that it has been unable to slow its spread. Four of Mozambique's 13 provinces have been affected since the infection spread from the capital Maputo on January 5, deputy director of public health Benigna Matsinhe told a press conference. It is the third consecutive year that Mozambique has suffered a cholera epidemic with the two fatalities reported to be...
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(Reuters (Eng) 03/10/17)
Exxon Mobil Corp (XOM.N), the world's biggest publicly traded oil producer, has agreed to pay Italy's Eni (ENI.MI) $2.8 billion for a 25 percent stake in a giant Mozambique gas field to strengthen its position supplying rich Asian markets. Eni is currently the operator of Mozambique's Area 4 license which, with 85 trillion cubic feet of gas in place, is one of the world's largest gas discoveries in recent years. The offshore reserves - big enough to supply Germany, Britain,...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Bloomberg 03/09/17)
Exxon Mobil Corp. said it will buy 25 percent of a project off Mozambique from Italy’s Eni SpA for about $2.8 billion as the U.S. oil giant expands in natural gas. The acquisition of the offshore Area 4 stake comes after former Exxon Chief Executive Officer Rex Tillerson -- now U.S. Secretary of State -- discussed plans to buy into Eni’s assets with Mozambique President Filipe Nyusi in July. “This strategic investment will enable Exxon Mobil’s LNG leadership and experience to support development of Mozambique’s abundant natural gas resources,” Tillerson’s successor as CEO, Darren W. Woods, said in a statement on Thursday. Exxon’s involvement could accelerate the development of one of the world’s
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
Lawyers and human rights campaigners launched an initiative for African whistleblowers in Senegal on Tuesday, aimed at providing a secure means of exposing wrongdoing on the continent. African nations such as Somalia, South Sudan, Libya and Guinea-Bissau regularly appear at the very bottom of rankings such as Transparency International's Corruption Index, while none make it into the top 30. The Platform for the Protection of Whistleblowers in Africa (PPLAAF) will provide guidance from legal experts, secure submission of information and...

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