Thursday 17 August 2017
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital. “It’s quite clear that they won’t make those drastic cuts,” Gates said. “I’m hopeful they won’t make any cuts at all,...
(Bloomberg 08/02/17)
Julien Ochala can’t live without his morning cup of Joe. But not just any coffee will do. For the past five years, the 37-year-old physiology lecturer at King’s College London has visited the same store every week to grab a pack of his beloved Kenyan brew. And he’s not put off by the cost: at 37 pounds a kilogram ($22 a pound), it’s more than double a similar supermarket product. "I take Kenyan coffee every morning," said Ochala, who buys his beans from Monmouth Coffee Company in Borough Market. "I love it because of the relatively higher acidity level. It keeps me active in the afternoons." Customers willing to pay a premium for African brews, known for their floral, fruity...
(Bloomberg 08/01/17)
British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A BBC report two years ago said BAT had a lobbyist arrange bribes totaling $26,000 for three public officials in Rwanda, Burundi and the Comoros Islands...
(Voice of America 07/25/17)
European and African ministers are meeting in Tunisia about efforts to regulate the flow of refugees from Africa to Europe, primarily along the deadly central Mediterranean route originating in Libya. In a declaration Monday in Tunis, the capital, the ministers said they agreed on a multi-pronged approach to the crisis, including informing people about the risks of illegal migration and the possibility of voluntarily returning home, addressing why migrants leave home and beefing up actions against human traffickers. Participating in...
(Reuters (Eng) 07/24/17)
South Africa's Tongaat Hulett said on Monday it will build a refinery at its Mozambican sugar mill to process brown sugar into white sugar, in a country which has a shortage of refined white sugar. The sugar producer said it will build the 500 million rand ($39 million) refinery at its Xinavane Mill, north of Maputo, with the first production expected in September 2018. Mozambique is a net importer of sugar, although consumption is lower than in neighbor Zimbabwe, the...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30...
(Voice of America 07/11/17)
In the past five years, terrorist attacks have killed nearly 20,000 people across Africa. Two groups, Boko Haram and al-Shabab, accounted for 71 percent of reported incidents and 91 percent of fatalities. But, while these and other militant groups remain active, fatal terrorist attacks across the continent are on pace to fall for a second straight year, and the total number of attacks is running far below 2012 highs. These findings are part of VOA’s original analysis of data from...
(Bloomberg 07/10/17)
Many cell phone companies are rethinking their headlong rush into the continent. Only Orange is staying the course. Back when African countries were auctioning off mobile licenses by the boatload to serve the region’s young, tech-savvy population, investing in the continent’s fast-growing economies seemed like a no-brainer. Some of the world’s biggest wireless carriers rushed in. Now they’re wondering if they made a mistake. Increasing government and regulatory scrutiny, as well as a lack of expansion opportunities in sub-Saharan Africa,...
(Voice of America 07/04/17)
GENEVA — The U.N. children’s fund warns tens of thousands of malnourished children are at great risk in Yemen, Somalia and South Sudan, which are on the brink of famine. UNICEF reports an estimated 4.7 million children in the cholera-stricken countries are malnourished. Of these, UNICEF spokesman Christofe Boulierac tells VOA, more than one million are suffering from severe acute malnutrition. “Let me remind you that a child who is suffering from severe acute malnutrition are nine times more likely...
(RFI(EN) 07/04/17)
New tax rules in Israel could leave hundreds of African migrants worse off than they are. In May, the government introduced a new deposit law, enabling the governemnt to take 20 percent of migrants' salaries each month and place it out of reach. The money can only be accessed once they leave the country. Rights groups say the policy is designed to force them out of the country. "We're not pressuring you to leave but will make your life miserable...
(Bloomberg 06/30/17)
The head of the three Mozambican state-owned companies at the center of an audit into their previously undisclosed debts was defiant after the probe criticized his leadership. Antonio do Rosario, in a letter seen by Bloomberg that he authenticated, said Kroll LLC auditors personally attacked him in the report that was published on June 24. He also said he chased Kroll auditors from his office when they were conducting the probe “because they wanted details of questions about state security.” Kroll’s spokeswoman didn’t immediately respond to a voicemail left outside normal business hours requesting comment...
(Bloomberg 06/27/17)
The International Monetary Fund had suspicions about Mozambique’s hidden loans almost a year before the government finally admitted it had undisclosed debt, email exchanges between the fund and the government show. The communications, seen by Bloomberg and confirmed by the IMF, show for the first time how the fund sought to uncover the state’s concealment of its borrowings as far back as May 2015. The government’s eventual disclosure in April 2016 of more than $1 billion of previously hidden loans led the fund and...
(Reuters (Eng) 06/24/17)
An earthquake measuring 5.8 magnitude struck 60 kilometers (37.28 miles) northwest the Mozambique city of BEIRA, the United States Geological Survey said on Saturday. The USGS put the depth of the tremor at 10 km (6.21 miles). There were no other details immediately available. read more at: http://www.reuters.com/article/us-quake-mozambique-idUSKBN19F02K
(Voice of America 06/21/17)
WASHINGTON DC — On June 5, Saudi Arabia and its allies, including Egypt, the United Arab Emirates and Bahrain, cut diplomatic ties with Qatar, accusing it of funding extremist groups such as the Muslim Brotherhood and Islamic State. In response, Qatar said it was the victim of a policy of “domination and control” by its larger neighbor and that Saudi Arabia was, in fact, the one responsible for backing extremism. So what is the truth? Fundamentalist strains of Islam, including...
(Bloomberg 06/02/17)
Eni SpA led a group that signed off on a $7 billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni Chief Executive Officer Claudio Descalzi attended a ceremony in the capital Maputo on Thursday to formally approve the Coral South liquefied natural gas project. Once built, the floating LNG plant, with a capacity of about 3.4 million tons a year, will draw gas from the Rovuma Basin where Eni made its...
(Washington Post 05/31/17)
The old man’s house had become a camp for the displaced. In the back yard, groups of women boiled water for rice. Small children skittered across the dirt, running into the bedroom, where they careened around the long, skinny legs of Elijah Karama. “Because of the conditions, they are mine to take care of,” said Karama, 57, more tired than proud. By conditions, he meant Boko Haram’s destruction of vast areas of northeastern Nigeria, and the hunger crisis that has...
(Bloomberg 05/23/17)
As China's government sets up farms in developing countries, the nation's food companies are scouring the world for premium products Inside a gated compound patrolled by armed guards, hulking towers and concrete buildings loom over fields where Silva Muthemba once grew maize and fattened his cattle. The granaries and surveillance cameras in this corner of southern Mozambique were part of a wave of Chinese investment in overseas farms and agriculture companies a decade ago that sparked accusations of a land-grab...
(Bloomberg 05/18/17)
Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said Wednesday it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after moving its primary listing to Frankfurt from the South African commercial hub. The new business could be worth as much...
(Fox News 05/10/17)
After five years of no major attacks on merchant vessels, piracy around the Horn of Africa seemed to be on hiatus. Acts of piracy in those treacherous waters have fallen sharply since 2012, according to statistics released by the United States Navy. The Navy credits aggressive patrolling by international forces and increased vigilance by the commercial shipping industry for the decrease. However, in the past month, Somali pirates have intercepted five ships, raising concerns that piracy has returned to the...
(Voice of America 05/05/17)
As Africa grapples with a severe drought, and famine threatens millions of people, experts at the World Economic Forum on Africa this week in the South African city of Durban say food security needs to be a major part of discussions on advancing the continent economically. The annual World Economic Forum in Switzerland is usually a high-powered event, but at this week’s Africa meeting of the international organization, the continent’s big players are welcoming the humble farmer, now known as...

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