| Africatime
Thursday 30 March 2017
(AFP (eng) 12/14/16)
Family planning helps people in Africa to be healthier and wealthier, as women without contraceptives become locked in "a cycle of poverty," Melinda Gates told AFP as a conference on the topic was held in Ivory Coast. "When a woman has access to contraceptives she can lift herself out of poverty, and if she doesn't have access to contraceptives, it locks her inside a cycle of poverty for the rest of her life," said the wife of Microsoft co-founder and billionaire Bill Gates, whose foundation is very active in the field. Family planning has "huge health benefits for the woman and for her children, and it has economic benefits," Gates told AFP by telephone from the Ivorian economic capital Abidjan...
(APA 12/13/16)
Mozambique's Cahora Bassa Dam has reduced electricity supply by 18 percent following a technical fault on a generator, the company that operates the facility announced on Tuesday. Hidroelctrica de Cahora Bassa (HCB) said in a statement that the breakdown was caused by the rupture of insulation material that occurred last week. It said a technical team from the company was deployed to the site and would need at least 70 days to effect repairs. HCB is majority owned by the Mozambican government that controls 85 percent of the shares. The company exports 60 percent of its power to South African power utility Eskom and 35 percent to the Zimbabwe Electricity Supply Authority. The balance is used locally. Cahora Bassa Dam,...
(AFP (eng) 12/13/16)
The cocktails keep flowing by the pool on the tourist strip, but in The Gambia's markets many African migrant traders are packing up their businesses and heading home. The international community is piling pressure on President Yahya Jammeh to leave power after 22 years and hand over to opposition leader Adama Barrow, who won an election two weeks ago only for Jammeh to later reverse his original concession of defeat. Of the economy's two main sources of investment from abroad, tourism appears to be weathering the country's political storm far better than the thousands of petty traders who move to The Gambia from the rest of west Africa. President-elect Barrow told AFP on Monday claims that tourist numbers could be...
(Le Monde 12/09/16)
Dozens of politicians, diplomats, military and intelligence chiefs, members of the opposition and leading business figures were wiretapped across the continent. This rare overview of modern satellite espionage could hardly be less technical and abstract, for it not only names the victims of intercepts but also reveals the scale of a surveillance operation spanning an entire continent. That continent is Africa. New documents shown to Le Monde, in collaboration with The Intercept, from the data cache of the former NSA (National Security Agency) operative Edward Snowden, originally given to Glenn Greenwald and Laura Poitras, offer unprecedented insight into information on twenty African countries collected by GCHQ, the British intelligence service, between 2009 and 2010. Dozens of lists of intercepts examined...
(APA 12/07/16)
Mozambique's Minister of Economy and Finance, Adriano Maleiane says the government faces a $1.2 billion budget deficit for 2017, which he said is a challenge, given that all 14 donors and funding agencies who used to provide direct budget support suspended all further contributions last April, in the wake of the scandal involving up to $2 billion worth of state guaranteed loans. Maleiane was speaking Wednesday when he presented in parliament the state budget for 2017 of $3.5 billion. Maleiane said he expected the deficit to be covered mostly by foreign and domestic loans while the foreign grants are expected to shrink to just over
(APA 12/07/16)
The Prime Minister of Mozambique, carlos Agostinho do Rosario has predicted annual economic growth of 5.5 per cent in 2017 pushed by the extractive industry, APA can report on Wednesday. Presenting the Mozambican government’s Economic and Social Plan for 2017 to parliament on Wednesday, Do Rosario said the extractive industry’s forecast growth rate of 24 per cent when compared with an estimated 13.2 per cent this year, the 5.5 percent growth rate is achievable. The target growth rate for 2016 was seven per cent and although the final figures are not yet available, the current forecast is that growth this year has slumped to 3.9 per cent, with more than 11 million tonnes projected for 2017. The Prime Minister said...
(Independent Online 12/07/16)
JSE-listed Mara Delta, which operates as a property fund, has bought a property in Mozambique for almost R340 million. The property is home to the largest mall in the region and boasts tenants such as Shoprite, and KFC. The company, which has previously expressed its interest in expanding into Mozambique, has done the deal indirectly as its wholly-owned subsidiary, Delta International Mauritius, has bought Gerania - which owns Mall de Tete – from Sericea Holdings and Transformers Investment. Gerania holds 99.9 percent of Mall de Tete, which has the right of use and development of a property in Tete, Mozambique on which the retail shopping centre, known as Mall de Tete, is located. Mall de Tete, which was been developed...
(Reuters (Eng) 12/07/16)
Mozambique's cabinet has approved changes to liquefied natural gas (LNG) contracts with U.S. oil major Anadarko and Italy's Eni to allow the two companies to sell the government's share of gas from projects in the Rovuma Basin. "The government opted to relinquish its right to receive in kind its quota of available gas as well as the gas production tax. The aim is to turn the projects viable," government spokeswoman Ana Coana said late on Tuesday after the amendments were approved by cabinet. "The concessionaires commit themselves to a joint-sale of liquefied natural gas in order to offer huge volumes and get better prices at the market." The contracts relates to Anadarko's Dolphin Tuna project and Eni's South Coral project...
(Reuters (Eng) 12/07/16)
Debt-ridden Mozambique has no chance of meeting its year-end deadline for a restructuring deal, according to investors who are preparing to dig in their heels until the country comes clear on what it owes and to whom. The southern African country, one of the world's poorest, has seen its currency and investor confidence collapse since April, when the International Monetary Fund halted a loan after uncovering previously undisclosed debts that had not been approved by parliament. Mozambique says its debt position is "unsustainable", and wants an urgent restructuring agreement with commercial creditors so a new IMF loan can be approved. Without this, the economy will face a "downward spiral" that would be hard to control, it warned. But creditors insist...
(Reuters (Eng) 12/07/16)
As the darkness falls on the plains around Bunambiyu, a remote village in Tanzania's northern Shinyanga region, Elizabeth Julius switches on her solar lantern to finish sewing clothes for her customers. Not long ago, nightfall would have forced her to close her tailoring shop, or use a smoky kerosene lamp. But with the solar-powered lamp, Julius can now sew for as long as she wants. "Solar energy has entirely changed my life. I use it at work and at home, yet it doesn't cost me anything," said the 29-year-old entrepreneur and mother of two. "I often wake up at night to work because I need the money to support my family," she said. Julius and her husband, Zablon, used to...
(APA 12/06/16)
The Mozambican parliament has approved its own $16 million budget for 2017, with all opposition deputies abstaining and protesting that the Assembly could not do its job properly unless it received more money, APA can report. Three quarters of this sum comes from the 2017 state budget and the remainder from assorted foreign donors and partners such as the European Union, the United Nations Development Programme, and the Westminster Foundation. Opposition deputies from the main political force, Renamo complained that the budget was nowhere near large enough to allow the Assembly to monitor the activities of the government.
(APA 12/06/16)
The Economic Commission for Africa (ECA) says Africa can yield benefits from commodity-based industrialization and agro-alliance with new policy approaches, according to a statement issued here Tuesday. The ECA has on many editions of its annual Economic Report made a push for the developmental state and a return to planning, arguing that the strong role of the state is key to fostering Africa’s structural transformation. The acting ECA Executive Secretary Abdalla Hamdok spoke on the need for new policy approaches to incentivize agricultural production in activities and sectors with higher returns. In his remarks at the opening of the African Economic Conference on the theme, Feeding Africa: Towards Agro-Allied Industrialization for Inclusive Growth, Hamdok said: “Our desire for structural transformation...
(AfricaNews 12/05/16)
Cameroon’s Indomitable Lionesses failed to use home advantage and revenge in the final of the Women African Cup of Nations (AWCON 2016) losing by a goal to Nigeria’s Super Falcons. The Super Falcons thus successfully defended the title they won in 2014 by defeating Cameroon in Namibia. The hosts entered the final aiming to win their first title and avenge two previous defeats by Nigeria. But a late goal by Oparanozie Desire dashed hopes and sent disappointment through the teeming home fans. Desire slotted in from close range after a beautiful lob from team mate Ngozi Okobi hit a Cameroonian defender and fell on her path with six minutes to the end of the game. The remaining duration and three...
(Voice of America 12/02/16)
Activists are using the women's Africa Cup of Nations tournament in Cameroon to campaign for the protection of the continent's forests and animal species. The campaign, called “Sports for Nature," is spearheaded by conservationist groups who say some of Africa's natural resources are on the verge of going extinct. In Yaounde, birds sing at a makeshift park near the Ahmadou Ahidjo stadium, one of the sites of the 2016 women's football African Cup of Nations. Conservationist Nevielle Tanyi points toward a crocodile walking nearby and describes the danger it poses to workers trying to maintain a pond. "When we provoke the crocodile to leave the pond area, it goes toward the side where there is no water and it normally...
(AFP (eng) 12/01/16)
Anglo-Australian miner Rio Tinto on Thursday said that for more than three years it has faced an investigation by top US financial regulator SEC over a writedown of Mozambique assets. "In response to press reports regarding a US Securities Exchange Commission investigation, Rio Tinto confirms that it is cooperating with inquiries from the relevant authorities relating to the impairment included in the company's 2012 accounts in respect of Rio Tinto Coal Mozambique," Rio said in a statement. "As the SEC investigation, which started in April 2013, remains ongoing it would be inappropriate to comment further at this time," it added. In January 2013, Mozambique cast doubt over why the miner made a US$3 billion writedown on its Mozambican assets --...
(Xinhuanet 12/01/16)
The Chinese government through its embassy in Maputo has donated 10,000 tons of rice worth 10 million U.S. dollars expected to help 700,000 people in the southern region of Mozambique. The beneficiaries are from the provinces of Gaza and Inhambane who are among the most affected by the phenomenon El Nino that in the last two years reduced food production and led the government to declare a red alert in April this year. "The Chinese government has been following closely the evolution of the droughts and floods including its impact in Mozambique and the support aims to help the country overcome these challenges," said Chinese Ambassador in Mozambique Su Jian on Wednesday. "We would like to highlight this contribution in...
(Xinhuanet 12/01/16)
Despite being listed among the 10 countries most affected by AIDS in the world with more than 1.5 million people infected, Mozambican President Filipe Nyusi announced progress in the fight against the virus on Thursday in Maputo. Nyusi told participants in the official ceremony to memorize the World AIDS Day that efficient communication based in the community using local languages could be efficient in fighting AIDS. "From 2011 to 2013, we have registered a drop of sexual transmission by 25 percent, we also registered a drop of transmission from mother to child by nearly half from 11.9 percent in 2012 to 6.2 percent in 2015. We want to assure that by the end of this year, over 950,000 citizens infected...
(Xinhuanet 11/30/16)
Mozambican President Filipe Nyusi on Tuesday visited the Cuban Embassy in Mozambique and personally paid tribute to the late former statesman and leader of the Cuban Revolution, Fidel Castro. In an interaction with the Cuban ambassador to Mozambique, Nyusi acknowledged Castro as a great friend of Mozambique. He said that Cuba played and continues playing an important role in the development of the country, especially in improving the health status of Mozambique. Nyusi highlighted the fact that Cuban doctors are among those who hardly request benefits when providing humanitarian services. "That is one of the reasons that made us come here and pay tribute to Fidel Castro, someone whose vision included the development of our people, our country," said Nyusi...
(Xinhuanet 11/30/16)
Over 250 women security officers from 37 countries across Africa attending Africa Regional Convention of Women in Security Organs here vowed to step up efforts to stamp out gender-based violence (GBV) in the continent. The convention, organized according to the Kigali International Conference Declaration (KICD), was designed to redraw strategies for women officers to play their role in the fight against crimes, especially child abuse and violence against women and girls. At the two-day event that opened Monday, the women officers from police, military and prison services called for more workshops and regular conferences and establishing anti-GBV centers in all member countries of KICD. They also called for prioritizing countries that need more attention in fighting violence against women and...
(Xinhuanet 11/29/16)
Experts in capital markets are advocating the acceleration of the bourses markets across Africa in order to drive economic growth on the continent. Speaking at the opening of Africa securities exchanges conference in the Rwandan capital Kigali on Monday, experts emphasized that capital markets are becoming more important to African economies because they help raise funds for long term investment which will drive Africa into middle income status. Rwanda hosts the 20th African Securities Exchanges Association (ASEA) annual conference from November 27 to 29 dubbed: "The Road to 2030: Making the African Capital Markets Relevant to the Real Economy." The three-day meeting has brought together more than 300 global and regional experts and stakeholders in capital markets, regulators, law firms...

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