Wednesday 24 May 2017
(Reuters (Eng) 08/26/13)
MUMBAI/NEW YORK | Mon Aug 26, (Reuters) - India's Oil and Natural Gas Corp (ONGC.NS) has agreed to buy 10 percent in a gas field offshore Mozambique from Anadarko Petroleum Corp for $2.64 billion, as the explorer looks to offset diminishing supplies from domestic gas fields by buying overseas assets. The purchase of U.S. oil company Anadarko's (APC.N) stake is the latest in a handful of overseas assets that ONGC Videsh, the overseas business unit of state-controlled ONGC, has bought in the last couple of years to boost India's energy needs. In June, ONGC and state-run Oil India Ltd (OILI.NS) signed a deal to buy a 10 percent stake in a Mozambique gas field from Videocon Group (VEDI.NS) for $2.48...
(Voice of America 08/26/13)
DHL calls itself the “logistics company for the world,” providing transportation via rail, road, sea and air. And Company officials see Africa as a place where its business can boom. For that to happen, though, more international companies will need to invest in the continent and base their operations there. DHL’s Sumesh Rahavendra sees that happening. That’s one of the findings from a recent global technological conference sponsored by his company.“There’s quite a bit of evidence to that in terms of global companies starting to set up base in Africa. If you look at the likes of SAP or IBM or Hisense, which is the Chinese company, all of them are setting base in Africa and looking at how specifically...
(The Associated Press 08/26/13)
The United Nations world tourism body said Sunday it has chosen Zimbabwe to lead its Commission for Africa, the continent-wide group for tourism development for the next two years. The U.N. World Tourism Organization said that conflict-troubled Mali also joins the African tourism commission. Zimbabwe and Zambia are co-hosting the 155-nation tourism organization's summit, held every two years, at the resort of Victoria Falls on their common border. The six-day general assembly was formally opened by the two countries' presidents, Robert Mugabe of Zimbabwe and Michael Sata of Zambia. The United Nations said in a statement that July 31 elections in Zimbabwe, bitterly disputed over alleged rigging, "will be respected by the assembly." Australia, Britain, Canada and the United States...
(Voici 08/26/13)
The South African government says former President Nelson Mandela remains in critical but stable condition but his condition becomes "unstable" at times. The government said the ailing anti-apartheid icon who has been hospitalized since June has shown "great resilience" and that his condition "tends to stabilize as a result of medical interventions." In the Saturday statement, President Jacob Zuma urged South Africans to continue praying for the 95-year-old former leader. Mandela is hospitalized in Pretoria. He was admitted to a hospital on June 8 for a recurring lung infection. The former president's health has worsened in recent years. He had been in and out of the hospital for much of the past year. Mandela was elected to serve as South...
(Reuters 08/24/13)
Testimony in the trial of fallen Chinese politician Bo Xilai has produced salacious details about the opulent and supposedly corrupt lifestyle of the family of the once high-flying Communist Party aristocrat. But perhaps no tidbit has attracted as much attention as the piece of exotic meat Bo's son, Guagua, brought back from a visit to Africa in 2011. The trip was paid for by entrepreneur Xu Ming, once close to the Bo family and now detained, accused of paying bribes to Bo. The mystery meat was a given by Guagua to his father, according to written testimony at the trial from his wife, Gu Kailai, a transcript of which was published by the court. Gu said she did not remember...
(Xinhuanet 08/24/13)
The Japanese Defense Ministry is mulling to dispatch resident officials tasked with military information gathering to Africa countries in a move to strengthen its intelligence collecting capability in the countries, according to local media. The officials will be sent to seven African countries, namely Algeria, Morocco, Nigeria, Djibouti, Ethiopia, Kenya and South Africa, and Brazil in South America from fiscal 2014 to obtain information over terrorism and other security issues, Japan's Kyodo News quoted government officials as saying. The defense ministry will include the costs in its budget request for fiscal 2014, said the report, adding that the ministry also plans to increase the number of such staff in European countries that have influence on Africa countries, such as Britain,...
(Voice of America 08/21/13)
HARARE — Southern African leaders are calling for the West to lift all sanctions imposed on Zimbabwe after endorsing President Robert Mugabe's victory in disputed elections last month.At the July gathering of the Southern African Development Community (SADC), Malawi President Joyce Banda, who chairs SADC, said Zimbabweans had "suffered enough."The call comes before Mugabe has been sworn in, extending his 33-year-long rule for another five years.Mugabe's spokesman on Monday said the 89-year-old leader would take the oath of office on Thursday if the country’s Constitutional Court clears him. The country's electoral commission declared Mugabe the winner, defeating Prime Minister Morgan Tsvangirai 61 to 34 percent in the hotly-disputed election July 31. Just last week, Tsvangirai withdrew his election challenge, arguing...
(Reuters (Eng) 08/21/13)
(Reuters) - Tanzania-focused miner African Barrick Gold pinned its turnaround hopes on a new chief executive on Wednesday, appointing industry veteran Bradley A Gordon to replace Greg Hawkins at the helm of the struggling group. The FTSE 250 company, whose poor performance meant it was under pressure even before a gold price rout began in April, said Gordon's appointment would be effective immediately. Gordon, who has worked in the gold mining industry for 30 years, was previously CEO of Intrepid Mines, the Canadian and Australian listed precious metals exploration and development company with primary operations in Indonesia. Analysts welcomed the change, and said Gordon's his lack of African experience was balanced by his ability to manage difficult operations. "The announcement...
(Reuters (Eng) 08/21/13)
LONDON | Wed Aug 21, 2013 (Reuters) - Tanzania-focused miner African Barrick Gold on Wednesday named industry veteran Bradley A Gordon as its new chief executive, succeeding Greg Hawkins who has resigned to pursue other opportunities. African Barrick was under pressure even before a gold price rout began in April, hit by illegal mining, power generation problems and strikes, issues which forced it to warn in February that output would shrink for a fifth straight year. Gordon, who has worked in the gold mining industry for 30 years, was previously CEO of Intrepid Mines, the Canadian and Australian listed precious metals exploration and development company with primary operations in Indonesia. African Barrick initiated a review of its operations earlier this...
(AFP (eng) 08/20/13)
African immigrants warned Monday of a rise in racist attacks in Morocco, as hundreds gathered outside a morgue holding the body of a Senegalese man who was murdered last week. Some 250 people, mostly Senegalese immigrants, gathered outside the morgue in Rabat, where the man's remains were taken after he was stabbed to death on a bus in the Moroccan capital last Monday. Anna Bynes, a Senegalese student at Rabat university, said the attack was the latest in a string of racist violence targeting sub-Saharan Africans. "It is the last straw... The other day it was a Congolese man killed on a bus in Tangiers. Then a Gabonese woman was raped. Today a Senegalese has been killed." The police on...
(Reuters (Eng) 08/19/13)
LILONGWE | Sun Aug 18, 2013 (Reuters) - Southern African leaders on Sunday endorsed the re-election of veteran President Robert Mugabe, brushing aside a campaign from Zimbabwe's opposition MDC who said the vote July was rigged and its results should be overturned. The decision by the 15-nation Southern African Development Community (SADC), which helped broker a power-sharing deal after disputed elections in 2008, clears the way for Mugabe, 89, to be sworn as early as this week for a fresh five-year term. "The summit congratulated his honorable Robert Mugabe for winning the election in Zimbabwe," a South African foreign ministry official said. At its meeting in Malawi's capital Lilongwe, the group also named Mugabe, Africa's oldest leader, as its deputy...
(Voice of America 08/19/13)
LILONGWE, MALAWI — A Southern African Development Community heads of state summit has ended in Malawi’s capital, Lilongwe, with a call for finding ways to end the volatile political situation facing people in the region and Africa as a whole. In her remarks at the close of the two-day gathering, the new chairperson of the regional bloc, President Joyce Banda of Malawi, called for an immediate solution to political turmoil affecting the lives of people in a number of African countries. She cited people living in Madagascar, the Democratic Republic of Congo and Zimbabwe as examples. However, President Banda said SADC heads of state are impressed with recent developments in Zimbabwe that promise a peaceful political environment there. “The summit...
(Reuters (Eng) 08/17/13)
Mozambique’s President and outgoing SADC chairperson, Armando Guebuza has demanded that Zimbabwe’s elections dispute be tabled for discussions during the current SADC summit in Lilongwe. This emerged amid denials in the local media reports which claimed that the SADC Organ on Politics, Defence and Security Cooperation said the Zimbabwe issue is not at all on the summit’s agenda. President Jacob Zuma who has carried a SADC mandate to oversee political processes in Zimbabwe revealed Zimbabwe would be discussed at the summit which begins Saturday morning. He stated this as he arrived at Kamuzu International Airport in the Malawi’s capital Lilongwe, I don’t know yet the issues to be discussed so I can’t say anything now. But am sure there are...
(AFP (eng) 08/14/13)
Mozambique police on Wednesday dismissed claims by former rebels Renamo that they had killed 36 soldiers and police, admitting to only one death from the weekend clashes. "In reality, we had one light injury in the FADM (Mozambican Armed Defence Forces) and a colleague gravely wounded who lost his life on the way to the hospital," national police spokesman, Pedro Cossa, told state-run Radio Mozambique. The rebel-group-turned-opposition-party Renamo claimed in a statement on Tuesday that its fighters had killed 36 security forces in a fresh outbreak of violence. It said the killings had occurred in two separate clashes in the central province of Sofala, a region where unrest flared earlier this year, more than two decades after the end of...
(Times of swaziland 08/14/13)
MBABANE – As talks regarding the extension of AGOA post 2015 kicked off on Monday in Ethiopia’s Capital City Addis Ababa, Swaziland and other 49 African countries will be very lucky to see the legislation extended with the same existing terms and conditions, International Business Times has reported. Swaziland is one of the 49 AGOA beneficiaries. AGOA stands for Africa Growth Opportunity Act. AGOA was signed into law in 2000; it offers incentives mostly in the form of duty-free trade access to 49 eligible sub-Saharan economies to liberalise their markets and build connections with American trade partners. The agreement expires in 2015, and US and African officials would be setting fresh terms for its renewal. According to International Business Times,...
(Reuters 08/14/13)
LONDON | Wed Aug 14, 2013 (Reuters) - Iron ore mining group African Minerals (AMIq.L) surprised the market on Wednesday with the abrupt departure of both chief executive and chief financial officer and said it was scrapping expansion plans to focus on existing operations. Its shares fell almost 15 percent despite what some analysts said could prove a positive as the company concentrates on its Sierra Leone mine, Tonkolili. "From the onset it was clear that (Chief Executive Keith)Calder's broader ambition was to grow African Minerals into a diversified miner across West Africa in the near term," Jefferies analysts said in a note. "Perhaps our greatest concern for African Minerals in recent months was that the company would move too...
(News Day 08/13/13)
The Sadc Heads of State and Government Summit set for Lilongwe, Malawi, this week will deliberate on a wide range of regional issues including the Zimbabwe and Democratic Republic of Congo (DRC) political situations; and the appointment of a new leadership for the regional bloc’s secretariat. According to a draft agenda, the Sadc Summit will discuss a report of the Ministerial Task Force on Regional Economic Integration. The Task Force was mandated by southern African leaders to work on a roadmap for the proposed launch of the Sadc Customs Union, which is aimed at deepening integration and promoting the smooth movement of goods and services across the region through the removal of non-trade barriers. Establishment of a Sadc Customs Union...
(AFP 08/13/13)
MAPUTO, August 13, 2013 (AFP) - Mozambique's main opposition party Renamo Tuesday claimed its fighters killed 36 soldiers and police in a fresh outbreak of violence at the weekend between the government and its former civil war foes. Renamo said the killings occurred in two separate clashes in the central province of Sofala, a region where violence erupted earlier this year more than two decades after the end of a brutal civil war in the southern African country. National police spokesman Pedro Cossa confirmed the presence of armed men in the region, but did not comment on the reported casualties. Local media reported two deaths. In a statement emailed to AFP, rebel group-turned-opposition party Renamo said it had first clashed...
(Voice of America 08/13/13)
YAOUNDE, CAMEROON — The first Pan African Conference on Interreligious Freedoms has ended in Cameroon with participants from 80 countries from Africa and beyond. Participants pledged to work together for the service of peace in the name of God. Conference participants say development across Africa has been greatly slowed by interreligious conflicts. The case of Nigeria was cited as one of the worst, with tens of thousands of lives lost in fighting between Muslim and Christian communities, and thousands more killed by the Islamist militant-sect Boko Haram. South African-based Malawian cleric Hopeson Bonye says nothing good has come out of Boko Haram, saying it is just fighting everyone, and is extending its tentacles to neighboring countries. "It is wrong, and...
(Voice of America 08/13/13)
NAIROBI — The United States is keeping a close watch on potential European trade deals with African nations as Washington reviews its own preferential trade initiative with the continent. African ministers and U.S. officials discussed trade relations at a forum Monday in the Ethiopian capital Addis Ababa. The U.S. is considering an extension to the popular African Growth and Opportunity Act, known as AGOA, an American law that allows sub-Saharan African countries to export certain products to the United States duty free. First signed into law in 2000, the act has already been renewed once, and is set to expire in 2015. U.S. Trade Representative Michael Froman has been meeting with African ministers at an AGOA forum in Addis Ababa...

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