Monday 21 August 2017

Namibie

(Bloomberg 08/16/17)
Namibia’s central bank reduced its key rate for the first time since 2012 as consumer prices rose at the slowest pace in almost two years last month and the economy contracts. The Monetary Policy Committee reduced the repo rate by 25 basis points to 6.75 percent, Bank of Namibia Deputy Governor Ebson Uanguta told reporters Wednesday in capital, Windhoek. Inflation in the southwest African nation, the world’s biggest producer of marine diamonds, was 5.4 percent in July, the weakest since January last year after food-price growth eased as the country recovers from a regional drought.
(Xinhuanet 08/16/17)
As Namibia seeks to improve citizens' livelihoods through education, a China-funded school in the national capital Windhoek is contributing to the realization of the goal. Chairman Mao Zedong High School, named after the Chinese communist revolutionary leader, has become a beam of hope for students, who had to receive lessons in makeshift temporary structures. According to George Louw, the principal, the school in Otjomuise 7de Laan informal settlement in Windhoek is bridging gaps of education provision in the community. "The school has given hope not only to educators and the community, but also to our learners who now have the privilege of accessing inclusive education in a conducive learning environment. The learners were previously taught in tents before moving to...
(Reuters (Eng) 08/16/17)
Namibia's central bank cut its benchmark lending rate by 25 basis points to 6.75 percent on Wednesday, citing the need to support economic growth and maintain the one-to-one link between the Namibian dollar and the South Africa rand. Namibia's economy slipped into recession in the first quarter of 2017, shrinking by 2.7 percent in the quarter following a 1.4 percent contraction in the last quarter of 2016.
(Xinhuanet 08/14/17)
Namibia's President Hage Geingob has said Moody's should not have based its latest rating on the forthcoming ruling Swapo Party elective congress and the national elections scheduled for 2019. Geingob said this when he addressed a closed door Swapo central committee meeting Saturday in Windhoek. Swapo will hold its elective congress in December and already some members are jostling for positions. Moody's downgraded Namibia's credit rating from Baa3- to Ba1 but maintained the negative outlook on Friday. The rating agency...
(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...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the...
(Voice of America 08/09/17)
Namibia coach Ricardo Mannetti said here Wednesday that the team is upbeat and ready to go and do the nation proud in their 2018 CAF African Nations Championships qualifiers third round first leg match against the Comoros slated for Aug. 13. Mannetti told a press briefing that his team's advantage is their ball playing ability and he hopes it will work for them when they lock horns against the Islanders. "Comoros are not a ball playing team. They love to...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be...
(Xinhuanet 08/03/17)
Standard Bank Namibia, one of the southern African country's oldest banking institutions, says its relationship with Chinese companies and business people has grown from strength to strength. The relationship started in earnest in Feb. 2015 when the Industrial and Commercial Bank of China Limited (ICBC) acquired shares in Standard Bank's London-based Global Markets business. The acquisition allowed both ICBC and Standard Bank to create a platform to serve the growing demands of Chinese clients for global commodities, fixed income, currency and equities products while continuing as a distribution platform for African risk. This union also allows for the Chinese community to transact in renminbi
(Xinhuanet 08/03/17)
Namibia's Statistics Agency (NSA) and the central bank, in collaboration with FinMark Trust of South Africa, will conduct the 4th Namibia Financial Inclusion Survey (NFIS), to collect information on financial needs, access to financial service preferences and financial behaviors of the Namibians. The agency's Statistician General, Alex Shimuafeni on Thursday said the survey will be conducted to show how equal and accessible financial services and products are to all members of society including the vulnerable members such as women, youth...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year,...
(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...
(The Namibian 08/01/17)
President Hage Geingob yesterday said the state of the economy is actually better than what is currently being portrayed in the public domain. Speaking at a press conference at State House yesterday, Geingob said the underpinning fundamentals of the economy are stronger today than they were a year ago. In December 2016, Namibia slipped into a 'technical' recession, as growth figures showed that the economy contracted by 1% between October and December. A recession is a period of temporary economic...
(New Era 08/01/17)
Windhoek-Constructors can breathe a sigh of relief as all unpaid government invoices, amounting to more than N$3 billion will be settled by the end of August. President Hage Geingob made the announcement at a media briefing at State House yesterday, where he said government deeply regrets the accumulation of unsettled invoices that came about because of weak revenue collection during the economic slowdown. “We have realised that one key factor fueling discontent and opinion is the occurrence of unsettled invoices...
(The Namibian 08/01/17)
Government will welcome discussions on ancestral land at the second land conference scheduled for September this year, international relations minister Netumbo Nandi-Ndaitwah announced yesterday. The deputy premier said this during the diplomatic corps' bi-annual briefing, which was aimed at informing foreign diplomats in Namibia about the country's position on different global issues. At the event, diplomats discussed the country's developmental agenda, which is aligned to the African Union's Agenda 2063, and the United Nations' Agenda 2030. Nandi-Ndaitwah said Namibia could make use of the diplomatic representation in the country in order to benefit from different thematic clusters “that were recently agreed upon at the United Nations”.
(New Era 08/01/17)
Oshikango-Angolan business people have taken advantage of high poultry prices in Namibia by smuggling boxes of frozen chicken via Oshikango border post that they sell here cheaply. Some of the chickens are sold to Namibians at Okatwitwi informal market in Namibia, where business is booming. In addition to the chicken sales, there is also an ongoing sale of contraband products, including cheap alcohol and spirits. A box of 20 kg of chicken from Angola sells for N$250 compared to a...
(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...
(AFP (eng) 07/31/17)
Scores of people waving rainbow flags peacefully paraded through the streets of Namibia's capital Windhoek on Saturday, calling for better legal protection of gays, lesbians, bisexuals and transgender people in the largely conservative country. Around 150 people, decked out in the gay pride colours, danced and marched their way down Windhoek's main thoroughfare, Independence Avenue, chanting "we are one" in what was the first gay pride march in the Namibian capital. They were cheered on by most onlookers who applauded as the marchers made their way through the city centre. However some passersby yelled derogatory comments at the gay pride marchers.
(Xinhuanet 07/31/17)
Namibian President Hage Geingob on Sunday urged all Namibians to respect traditional authorities. Geingob made the remarks when he addressed a cultural festival in the Zambezi region, northeast of the country. The festival, organized by the Masubia Traditional Authority, is an annual event. This year's event was attended by several ministers and other chiefs from different traditional authorities. In his address, Geingob said Namibians should treat all traditional authorities with respect. He also said traditional authorities should also practice fair...

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(Xinhuanet 08/16/17)
As Namibia seeks to improve citizens' livelihoods through education, a China-funded school in the national capital Windhoek is contributing to the realization of the goal. Chairman Mao Zedong High School, named after the Chinese communist revolutionary leader, has become a beam of hope for students, who had to receive lessons in makeshift temporary structures. According to George Louw, the principal, the school in Otjomuise 7de Laan informal settlement in Windhoek is bridging gaps of education provision in the community. "The school has given hope not only to educators and the community, but also to our learners who now have the privilege of accessing inclusive education in a conducive learning environment. The learners were previously taught...
(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, but that’s still subject to...
(The Namibian 08/01/17)
Government will welcome discussions on ancestral land at the second land conference scheduled for September this year, international relations minister Netumbo Nandi-Ndaitwah announced yesterday. The deputy premier said this during the diplomatic corps' bi-annual briefing, which was aimed at informing foreign diplomats in Namibia about the country's position on different global issues. At the event, diplomats discussed the country's developmental agenda, which is aligned to the African Union's Agenda 2063, and the United Nations' Agenda 2030. Nandi-Ndaitwah said Namibia could make use of the diplomatic representation in the country in order to benefit from different thematic clusters “that were recently agreed upon at the United Nations”.
(AFP (eng) 07/31/17)
Scores of people waving rainbow flags peacefully paraded through the streets of Namibia's capital Windhoek on Saturday, calling for better legal protection of gays, lesbians, bisexuals and transgender people in the largely conservative country. Around 150 people, decked out in the gay pride colours, danced and marched their way down Windhoek's main thoroughfare, Independence Avenue, chanting "we are one" in what was the first gay pride march in the Namibian capital. They were cheered on by most onlookers who applauded as the marchers made their way through the city centre. However some passersby yelled derogatory comments at the gay pride marchers.
(Xinhuanet 07/31/17)
Namibian President Hage Geingob on Sunday urged all Namibians to respect traditional authorities. Geingob made the remarks when he addressed a cultural festival in the Zambezi region, northeast of the country. The festival, organized by the Masubia Traditional Authority, is an annual event. This year's event was attended by several ministers and other chiefs from different traditional authorities. In his address, Geingob said Namibians should treat all traditional authorities with respect. He also said traditional authorities should also practice fair...
(The Guardian 07/19/17)
Don’t despair that the huge gaps between rich and poor cannot ever be bridged. As our new index shows, some countries are taking steps to reduce inequality. When you hear eye-watering statistics like the fact that eight men own the same amount of wealth as the bottom half of humanity, the first reaction is often shock and anger. For many people, this is accompanied by a feeling of despair that such huge divides cannot be bridged; that the inequality crisis...
(Xinhuanet 07/19/17)
Namibia now has an Open Defecation Free village -- Ondingwanyama in the north of the country, about 730 kilometers from capital Windhoek. All 68 households in the village have built sanitation facilities in line with Goal Number 6 of the United Nations' Sustainable Development Goals. In a statement Wednesday, the Ministry of Agriculture, Water and Forestry said there is need to strengthen political will at all levels to ensure that sanitation and hygiene are included as one of the top...
(Reuters (Eng) 07/18/17)
Three years after he risked his life crossing the Mediterranean Sea from Libya to Italy on a small boat crammed with migrants, 22-year-old Sow Muhammed can hardly believe his luck. The former street hawker from Guinea now works as a caterer in Venice, rents his own apartment, and sends money back home regularly to his mother and siblings in the West African nation. "I am happy I came to Europe, and my family is also happy," he told the Thomson...
(APA 07/14/17)
The Inspector General of Namibian Police, Sebastian Ndeitunga, has said the police investigation into the case of former executives of the defunct SME Bank, concerning the disappearance of N$200 million is akin to organised crime. The state-owned New Era newspaper quoted Ndeitunga in its Thursday edition as saying evidence gathered by the police in Namibia and South Africa, in the SME Bank investment saga, points to a “high possibility of organised crime”. He said the police investigation concerns possible fraud,...
(APA 07/14/17)
Newspapers in Namibia on Friday zoomed conspiracy to weaken the national carrier - Air Namibia, the President silence on rampant abuse by public funds by government officials and the disbanding of SME Bank, which send 208 employees into the streets. Img : Namibia: Press zooms on national carrier, alleged mismanagement of public funds The Namibian said Air Namibia is aggrieved about being kept in the dark over the recent sale of four Embraer ERJ 135 (37-seater) planes leased for its...
(Cnbc Africa 07/12/17)
"Africa is an awakening giant," according to the former South African President Frederik Willem de Klerk speaking at the World Petroleum Congress in Istanbul. The leader who oversaw the transition of his country's power to Nelson Mandela said Tuesday that the future looks bright for a continent previously blighted by war, famine and a lack of infrastructure. "I believe Africa is an awakening giant and, yes, it is not performing according to what we expected soon enough, but it will...
(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...
(AFP (eng) 07/06/17)
The costs of diabetes in sub-Saharan Africa could double to almost $60 billion annually just 13 years from now, as obesity fuels an explosion of the disease, a report said Thursday. In 2015, the overall diabetes cost in the region was nearly $20 billion (18 billion euros), or 1.2 percent of total economic production, according to research published by The Lancet Diabetes & Endocrinology. This included medication and hospital stays, and loss of labour productivity due to illness or death. About half of all treatment costs were paid for by patients themselves.
(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...
(APA 06/28/17)
A state media delegation from Zimbabwe is in Namibia for a week-long visit during which it will discuss the renewal of a cooperation agreement that has seen the two countries cooperating in the areas of electronic and print journalism for more than a decade. The two sides are meeting to discuss the renewal of a 2004 Memorandum of Understanding (MOU) on Electronic and Print Media, which they believe has been overtaken by current developments in the media sector such as...
(AFP (eng) 06/28/17)
The generic version of the most advanced drug against HIV has been introduced in Kenya, a first in Africa where more than 25 million have the disease, the NGO Unitaid said Wednesday. The drug, Dolutegravir (DTG) is the anti-retroviral drug of choice for those living with HIV in developed countries, but its high price has put it out of reach for most struggling with the disease in Africa. "The generic DTG has two advantages: on the one hand, it is...
(Reuters (Eng) 06/23/17)
DAR ES SALAAM (Thomson Reuters Foundation) - Sadick Thenest remembers how his 8-year-old daughter had a narrow brush with death two years ago, when she contracted cholera after drinking contaminated water. “She was so gaunt, weak and had terrible diarrhea,” said the refugee from Burundi. “A slight delay in rushing her to hospital would have meant something else - but with God’s grace she survived.” The father of four, aged 35, is among thousands of refugees grappling with frequent outbreaks...
(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...
(Reuters (Eng) 06/15/17)
Anglo American's (AAL.L) diamond unit De Beers on Thursday launched the world's largest diamond exploration vessel off the coast of Namibia as it looks to maintain high production levels until 2035. The 12,000-tonne, 113-metre-long SS Nujoma was built at a cost of $157 million and is named after Sam Nujoma, Namibia's founding president. "I am very, very confident this (vessel) will allow us to continue to extract 1.2 million carats a year," De Beers CEO Bruce Cleaver told Reuters by...

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(Bloomberg 08/16/17)
Namibia’s central bank reduced its key rate for the first time since 2012 as consumer prices rose at the slowest pace in almost two years last month and the economy contracts. The Monetary Policy Committee reduced the repo rate by 25 basis points to 6.75 percent, Bank of Namibia Deputy Governor Ebson Uanguta told reporters Wednesday in capital, Windhoek. Inflation in the southwest African nation, the world’s biggest producer of marine diamonds, was 5.4 percent in July, the weakest since January last year after food-price growth eased as the country recovers from a regional drought.
(Reuters (Eng) 08/16/17)
Namibia's central bank cut its benchmark lending rate by 25 basis points to 6.75 percent on Wednesday, citing the need to support economic growth and maintain the one-to-one link between the Namibian dollar and the South Africa rand. Namibia's economy slipped into recession in the first quarter of 2017, shrinking by 2.7 percent in the quarter following a 1.4 percent contraction in the last quarter of 2016.
(Xinhuanet 08/14/17)
Namibia's President Hage Geingob has said Moody's should not have based its latest rating on the forthcoming ruling Swapo Party elective congress and the national elections scheduled for 2019. Geingob said this when he addressed a closed door Swapo central committee meeting Saturday in Windhoek. Swapo will hold its elective congress in December and already some members are jostling for positions. Moody's downgraded Namibia's credit rating from Baa3- to Ba1 but maintained the negative outlook on Friday. The rating agency...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal...
(Xinhuanet 08/03/17)
Standard Bank Namibia, one of the southern African country's oldest banking institutions, says its relationship with Chinese companies and business people has grown from strength to strength. The relationship started in earnest in Feb. 2015 when the Industrial and Commercial Bank of China Limited (ICBC) acquired shares in Standard Bank's London-based Global Markets business. The acquisition allowed both ICBC and Standard Bank to create a platform to serve the growing demands of Chinese clients for global commodities, fixed income, currency and equities products while continuing as a distribution platform for African risk. This union also allows for the Chinese community to transact in renminbi
(Xinhuanet 08/03/17)
Namibia's Statistics Agency (NSA) and the central bank, in collaboration with FinMark Trust of South Africa, will conduct the 4th Namibia Financial Inclusion Survey (NFIS), to collect information on financial needs, access to financial service preferences and financial behaviors of the Namibians. The agency's Statistician General, Alex Shimuafeni on Thursday said the survey will be conducted to show how equal and accessible financial services and products are to all members of society including the vulnerable members such as women, youth...
(Xinhuanet 08/03/17)
Trade between China and Africa reached 85.3 billion U.S. dollars in H1, surging 19 percent year on year as the two sides strengthened cooperation in a wide range of areas, official data showed Thursday. The data reversed the negative growth trend since 2015, according to Gao Feng, spokesperson with the Ministry of Commerce. During January-June, Chinese imports from Africa, including minerals, agricultural products and fruits, amounted to 38.4 billion U.S. dollars, jumping 46 percent from the same period last year,...
(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...
(The Namibian 08/01/17)
President Hage Geingob yesterday said the state of the economy is actually better than what is currently being portrayed in the public domain. Speaking at a press conference at State House yesterday, Geingob said the underpinning fundamentals of the economy are stronger today than they were a year ago. In December 2016, Namibia slipped into a 'technical' recession, as growth figures showed that the economy contracted by 1% between October and December. A recession is a period of temporary economic...
(New Era 08/01/17)
Windhoek-Constructors can breathe a sigh of relief as all unpaid government invoices, amounting to more than N$3 billion will be settled by the end of August. President Hage Geingob made the announcement at a media briefing at State House yesterday, where he said government deeply regrets the accumulation of unsettled invoices that came about because of weak revenue collection during the economic slowdown. “We have realised that one key factor fueling discontent and opinion is the occurrence of unsettled invoices...
(New Era 08/01/17)
Oshikango-Angolan business people have taken advantage of high poultry prices in Namibia by smuggling boxes of frozen chicken via Oshikango border post that they sell here cheaply. Some of the chickens are sold to Namibians at Okatwitwi informal market in Namibia, where business is booming. In addition to the chicken sales, there is also an ongoing sale of contraband products, including cheap alcohol and spirits. A box of 20 kg of chicken from Angola sells for N$250 compared to a...
(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...
(Reuters (Eng) 07/28/17)
Barclays reported a 1.2 billion pound ($1.57 billion)attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 percent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15...
(The Namibia Economist 07/27/17)
Having worked for a different bank for four years with no career advancements, Inokee Joseph made a bold moved recently and joined the blue family, which welcomed him with open arms. The new addition to Standard Bank's fold is a Namibia University of Science and Technology (NUST) graduate, who has a Diploma in Accounting and Finance and is now employed as a bank teller in Rundu. "I worked at another bank for 4 years with no career advancements. I then decided I wanted to work for a company that would
(AfricaNews 07/27/17)
At a time when Africa is going through a difficult situation, the blue economy is emerging as a stepping stone to relaunch the continent in the right economic direction. But this type of economy is seriously threatened by “predators” who do not hesitate to plunder resources. The “cancer of illegal fishing” costs Africa about $ 1.6 million annually based on Economic Commission for Africa’s estimates. This and more on this week’s edition segment on Business on the Morning Call with...
(AFP (eng) 07/26/17)
A vast mechanical monster rises from the Atlantic Ocean off the coast of Namibia, leaving a huge swell in its wake as seawater pours off its surface. The 285-tonne giant, dubbed "the butcher" by its operators, is diamond miner De Beers' hi-tech tool to collect the precious stones. After several hours of maintenance, the deep-sea vacuum is lowered again into the water on steel cables from the Mafuta vessel. It dredges the ocean bed, sucking thousands of tonnes of silt...
(New Era 07/26/17)
Angola has promised to honour its outstanding N$2.6 billion financial obligations to Namibia in a 2015 currency conversion agreement that saw Angola unable to pay over on time the billions owed to Namibia. The governor of Angola's central bank, Banco Naçional de Angola (BNA), Valter Filipe da Silva, promised President Hage Geingob that despite the ongoing economic challenges facing his country, Angola would continue to honour its repayment schedule. Accordimg to Bank of Namibia deputy governor Ebson Uanguta, BoN received about US$51 million (approximately N$661 million) from the BNA last week.
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread...
(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...
(Xinhuanet 07/17/17)
The Namibia Financial Institutions Union (Nafinu) said Sunday it will sue the SME Bank directors for causing job losses. The SME Bank is currently under liquidation after the Windhoek High Court ruled Tuesday last week that the institution was insolvent. There were more than 200 workers at the bank owned by the Namibian government and its Zimbabwean partners. The ruling came after the SME Bank management failed to recover about 200 million Namibian dollars (15 million U.S. dollars) invested with South African financial institutions in 2016.

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(Voice of America 08/09/17)
Namibia coach Ricardo Mannetti said here Wednesday that the team is upbeat and ready to go and do the nation proud in their 2018 CAF African Nations Championships qualifiers third round first leg match against the Comoros slated for Aug. 13. Mannetti told a press briefing that his team's advantage is their ball playing ability and he hopes it will work for them when they lock horns against the Islanders. "Comoros are not a ball playing team. They love to play on the second ball and play more on emotions and we need to control that and make sure we play the ball and use it well to get the goals we need in the...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be at his best in the 800m, where a clutch of athletes are suddenly dreaming of glory in the absence of Kenya's injured champion David Rudisha. Kenya is expected to continue its dominance of the men's 3,000m steeplechase - though American...
(AFP (eng) 07/24/17)
Zimbabwe were bundled out of the African Nations Championship Sunday by rusty Namibia, just two weeks after being hailed as national heroes for becoming regional champions. Many of the players who beat Zambia to win the COSAFA Cup southern Africa title were in the team that beat Namibia 1-0 in Harare, but lost 5-4 on penalties. The shootout was triggered by an aggregate deadlock after Namibia won the first leg of the second round qualifier 1-0 in Windhoek last weekend...
(AFP (eng) 07/21/17)
The 2019 Africa Cup of Nations will expand from 16 to 24 teams and be staged in June and July, the Confederation of African Football (CAF) announced on Thursday. The tournament has traditionally been held in January and February, with the timing of the tournament a source of frustration to European clubs forced to release players in the middle of the season. The CAF executive committee confirmed the changes to the format following a two-day symposium in Rabat, although the...
(AFP (eng) 07/18/17)
The International Olympic Committee (IOC) said Tuesday it was cooperating with French authorities investigating graft allegations against former world champion sprinter Frankie Fredericks. Namibia's Fredericks, an IOC member since 2012, stepped down in March as head of the committee evaluating bids to host the 2024 Olympics after corruption allegations were reported in the French media. Since then the chief IOC ethics official Paquerette Girard Zapelli "has been monitoring the situation closely and cooperating with the French judiciary authorities", the IOC said in a statement.
(AFP (eng) 07/17/17)
In-form Zimbabwe surrendered a nine-year unbeaten record in African Nations Championship (CHAN) qualifying when losing 1-0 to rusty Namibia in Windhoek Sunday. Since debuting in qualifiers for the biennial competition, Zimbabwe had won 11 matches and drawn five with their first victims being Namibia. But the four-time competitors in the finals now face a fight for survival at the National Sports Stadium in Harare next Sunday against rivals who have never played at the 16-nation tournament. Hendrik Somaeb scored the...
(Reuters (Eng) 03/22/17)
Frank Fredericks will stay on the IAAF Council while an ethics board reviews allegations that he accepted payments before the awarding of the 2016 Olympics to Rio, Sebastian Coe, the organization's head, said on Tuesday. Fredericks, an International Olympic Committee member, stepped down two weeks ago as head of the team evaluating bids to host the 2024 Olympics and has also removed himself from the IAAF task force looking into doping in Russia. Despite the allegations, however, he will remain a member of the IAAF council while the ethics board determines if an investigation is necessary.
(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...
(AFP (eng) 03/08/17)
Former sprinter Frankie Fredericks quit as head of the IOC commission monitoring candidates for the 2024 Olympics on Tuesday amid a probe into money he accepted from a sports marketing chief accused of corruption. Fredericks, 49, strongly denied any wrongdoing in accepting nearly $300,000 (283,000 euros) on the day that Rio de Janeiro was awarded the 2016 Olympics. But he said he had "personally decided that it is in the best interests of a good functioning of the International Olympic Committee candidature process that I step aside as chairperson of the 2024 Evaluation Commission
(AFP (eng) 03/07/17)
Former sprinter Frankie Fredericks said on Monday he had stepped down from an IAAF taskforce investigating Russian doping amid a corruption probe. "I have decided to step aside from the taskforce so that the integrity of its work is not questioned due to the allegations made against me in Le Monde," the 49-year-old Namibian was quoted as saying in an IAAF statement. "It is important that the taskforce's mission is seen as free and fair with no outside influence." Le...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first...
(AFP (eng) 01/09/17)
Gabon witnessed one of the most sensational finishes to an Africa Cup of Nations tournament when no-hopers Zambia stunned the Ivory Coast to win the 2012 final. Zambia failed to qualify this time, but the Ivorians will be among the favourites again when the competition returns to the central African state with the first fixtures scheduled for Saturday. AFP Sport rates the chances of the 16 challengers for the $4 million (3.8 million euros) first prize (last three competitive results...
(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...
(AFP (eng) 11/10/16)
All CAF competitions will offer increased prize money from 2017, the Cairo-based African football body said Wednesday. The announcement came months after French oil-gas company Total signed an eight-year sponsorship deal with CAF reportedly worth more than one billion dollars (915 million euros). Winners of the biennial Africa Cup of Nations will receive $4 million, up from the $1.5 million pocketed by 2015 champions the Ivory Coast. CAF Champions League title-holders are going to collect $2.5 million -- $1 million...
(APA 11/04/16)
Standard Bank of Namibia, through its Buy-a-Brick housing initiative has announced that it will construct a new house for Namibian athlete, Ananias Shikongo, who won five medals at the recent 2016 Summer Paralympics in Brazil. The 29-year old visually impaired athlete won a gold medal in men’s T11’ 200m, and two bronze in the 100m and 400m during the Rio Paralympics. The head of Corporate Social Investment Sigrid Tjijorokisa announced the banks decision to build Shikongo a N$500, 000 ($37,166)...
(AFP (eng) 11/03/16)
African champions Mamelodi Sundowns won for the first time in the South African Premiership this season Wednesday and climbed off the bottom of the table. The Pretoria club triumphed 2-0 at Polokwane City thanks to goals from Percy Tau and Zimbabwean Khama Billiat, two stars of the 2016 CAF Champions League triumph. Sundowns became African champions for the first time 11 days ago by defeating Zamalek of Egypt 3-1 on aggregate in the final. But a domestic fixture backlog meant...
(New Era 09/30/16)
The United Nations Report on the International Year of Sport and Physical Education 2005 highlighted the benefits that sport can bring in building national identity, especially at the level of elite sport. Sport can provide a positive image of the nation to the international community. Studies on specific cases have shown that sport, especially football, can positively contribute to strengthening national pride and forming a cohesive national identity. President Hage Geingob’s mantra of no one should feel left out of...
(AfricaNews 09/19/16)
The agreement on African games signed in Cairo over the weekend between the African Union and the Association of National Olympic committees of Africa will be implemented after validation by the Africa Union commission. The two parties are expected to mobilise renowned African athletes and the best teams to help raise their level of performance. Sources say the African Union will continue to manage the African games while the Union of African Sports Confederations will take care of its technical...
(AFP (eng) 07/22/16)
French petroleum giant Total signed an eight-year deal to become the new sponsor of African football and its showpiece event, the Africa Cup of Nations, on Thursday. The sponsorship of the tournament will start at its next edition in Gabon from Jan 14 to Feb 5, 2017. "This partnership is a major milestone in our ongoing search for additional resources to accelerate African football’s development, bring its governance up to date, upgrade its sports infrastructure and advance its performance globally,"...
(The Namibian 06/24/16)
National athletics coach Letu Hamhola on Thursday confirmed that the country's elite sprinters will not be at the Rio Olympic Games after missing out on the ongoing 20th African Senior Athletics Championships in Durban, South Africa. Hamhola's woes were compounded further on Wednesday when several of Namibia's athletes posted dismal times during the opening day of the continental championships, which double as the final Olympic qualifying event for athletes on African soil. Commenting on the poor results, Hamhola bemoaned the...

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(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the word for "ancestor" in the Turkana language of Kenya, where the lemon-sized skull was unearthed. The sole specimen is that of an infant that would have grown to weigh about 11 kilogrammes (24 pounds) in...
(AFP (eng) 05/26/17)
Entertainment | France | film | festival | Cannes | Zambia | witchcraft Cannes, France | AFP | Friday 5/26/2017 - 14:01 UTC+3 | 615 words by Katy Lee Being accused of witchcraft is no laughing matter in Africa -- but movie director Rungano Nyoni decided a dose of humour was just what was needed to tackle a problem rampant in parts of the continent. Set in Zambia, the sharp satire "I Am Not A Witch" has premiered to strong reviews at the Cannes film festival, taking aim at the blatant sexism behind accusations that overwhelmingly target women. White tourists are seen gawping at women detained in a "witch camp" in the movie, taking pictures of them as if they're...
(New Era 05/23/17)
Windhoek — The Ovaherero Traditional Authority (OTA) is said to be considering a trip to Germany in an effort to repatriate human remains of people taken from here by colonial authorities more than a 100 years ago that have been identified in Germany. This follows a statement by the Ministry of Education, Arts and Culture to the Ovaherero Genocide Foundation on the May 5 saying: "The government will not fund any individual who would like to go to Germany for...
(Xinhuanet 04/18/17)
Namibia will host its annual Crayfish Festival from April 27 to May 1 at the coastal town of Luderitz. The annual festival holds a significant place in the country's fishing industry and since its inception in 2008, has grown from strength to strength, cementing the quiet coastal town as a sought-after destination for both domestic and international tourists. Standard Bank Namibia, one of the sponsors on Monday in a statement said the Crayfish Festival, coupled with other developments such as...
(Xinhuanet 04/18/17)
Africa's diaspora is playing a big role in the economic transformation of the continent, the UN said on Tuesday. UN Population Fund (UNFPA) Regional Director Dr Julitta Onabanjo told Xinhua in Nairobi that remittances are important source of income for many African families. "The diaspora therefore complements government efforts to lift many families out of poverty," Onabanjo said on the sidelines of the First Africa-China Conference on Population and Development. Onabanjo said that Africans in the diaspora also bring back...
(AFP (eng) 03/02/17)
A film raging against colonialism and the exploitation of Africa wowed viewers at the continent's top cinema festival Wednesday, winning shouts of approval at a screening packed to bursting point. "The African Storm" tells the story of an African president who nationalises businesses run by racist, cynical Western executives. Directed and produced by its Beninese star Sylvestre Amoussou, it tackles several hot-button issues including an exit from the CFA franc currency, closer ties with Russia and China as opposed to...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset...
(AFP (eng) 10/21/16)
Demand for homegrown contemporary music is sweeping Africa and driving a creative boom in an industry otherwise battered by falling CD sales and rampant piracy. A recent study of the entertainment sector by PricewaterhouseCoopers (PwC) accountants showed rapid earnings growth in many African countries, fuelled largely by live performances by local artists. "Consumers are increasingly wanting local content," Vicki Myburgh, a PwC director who conducted the study released last month, told AFP. "The Nigerian music market... will (soon) grow at...
(AFP (eng) 10/11/16)
Raised on the backstabbing intrigue of 1980s American soaps "Dallas" and "Dynasty", and later, the heady drama of South American telenovelas, Africans are enjoying a surge in local TV content they can finally identify with. It took a while, but in the past decade local programming has soared in sub-Saharan Africa's key economies, a rise driven by both foreign satellite networks and television stations on the continent. This growth has delivered up local shows such as Kenya's comedic "Real Househelps...
(AFP (eng) 09/23/16)
A century after the project was conceived in the throes of racial segregation, and a few months before the first black US president leaves office, the African American Museum in Washington opens Saturday. Here are key facts about the first national museum devoted entirely to showcasing African Americans' life, history and culture. - 1915: A project 101 years old The effort to open, in the US capital, a museum dedicated to the history of the black community "began more than...
(The East African 09/10/16)
The Pan African Federation of Filmmakers (FEPACI) is seeking to raise $200 million from partners over the next two years to fund the continent's audiovisual and cinema sector. The funds will be used to establish centres of excellence in the five regions - East Africa, North Africa, Central Africa, Southern Africa, and West Africa -- and the locations will be decided by the African Council of Ministers of Culture. The money will be used to improve the quality and quantity...
(Voice of America 07/04/16)
To the beat of African drums, a few dozen people gathered at Dallas City Hall Friday to officially kick off the three-day African Film Festival. The event showcases films made by Africans, as well as a few made by non-Africans about issues important to different regions of the continent. City officials hailed the new festival as an expression of the increasing ethnic and cultural diversity in Texas’ second-largest city. Regina Hill Onyeibe, the Africa Liaison for the City of Dallas...
(The Namibian 06/28/16)
Fashion designer Easter Leah Manasse has been making her mark for some time now, both locally and in Angola where she is based, but now she's looking to make her mark globally too. Manasse started her career under the fashion house Atelier Nadir Tati in Angola, a brand owned by Nadir Tati who has been voted as one of southern Africa's top designers by Forbes. In 2014, Manasse interned at the brand, and worked her way up to being a...
(New Era 06/28/16)
Young and ambitious Anna ‘Nelago’ Shangevi says she is more than ready to represent the country at the Miss Teen International 2016 next month in Chiang Mai, Thailand. The competition is held under the global flagship of the Prince and Princess International pageant. “For the past two months I have been training very hard. I promise to do my best to at least win something,” says Nelago, adding that winning the title will be a “dream come true”. “I believe...
(Reuters (Eng) 06/28/16)
Africa's largest provider of pay-television services Naspers (NPNJn.J) has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday. Naspers, the biggest listed firm on the continent, which sells access to popular American series and blockbuster movies in 50 countries in Africa and the Indian Ocean via its Multichoice unit, reported an 18 percent rise in full-year profit on Friday, but flagged pay-TV as a drag on its performance. Weaker currencies...
(New Era 06/24/16)
The Namibia Film Commission (NFC) and South Africa’s National Film and Video Foundation (NFVF) signed a Memorandum of Understanding on Tuesday. Confirming the MoU on Facebook, NFC says it will set a path for the two countries to train film makers, do co-production, marketing as well as film distribution. The signing took place during the 37th of the Durban International Film Festival (DIFF) from June 16 till last Sunday. “We are certainly looking towards the long working relationship between these...
(AFP (eng) 05/14/16)
On a choice spot overlooking Washington's most stately monuments, a new museum swathed in bronze will showcase the tragedy and triumph of black America. The National Museum of African American History and Culture, 100 years in the making and now almost ready, will fill a gaping void: until now the city had no grand-scale museum dedicated solely to this chapter of US history. Slave cabins, a blacks-only train car from the segregation era and exhibits on the Reverend Martin Luther...
(The Namibian 05/12/16)
ZEPHYR Namibia held its second annual fashion show on Saturday, featuring garments by six upcoming Namibian designers, with Matheus Erastus getting top nods at the event. Other designers such as Christine Visser, Sean Renaldo Cloete, Happy Xamises, Maila Kalipi and Salmi Shilongo also showcased their designs at the event which featured 39 models who are also Miss Grand Namibia 2016 finalists. Erastus won the award for Best Overall Designer Collection and he will be joining the judging panel of Miss...
(BBC News Africa 04/24/16)
The influential Congolese music star Papa Wemba has died after collapsing on stage in Abidjan in Ivory Coast, media reports say. Video from the concert shows the artist, who was 66, slumped on the floor as dancers continue to perform, unaware of what is happening. French broadcaster France 24 confirmed the death, quoting his manager. On the African music scene since 1969, Papa Wemba won a world following with his soukous rock music. The Congolese band leader, whose real name was Jules Shungu Webadio, also inspired a cult movement known as the Sapeurs whose members, young men, spend huge amounts of money on designer clothes.
(The Namibian 03/17/16)
MONDAY not only marks Namibia's 26th year of independence, it will also mark one year since President Hage Geingob took office to become Namibia's third democratically elected president. To honour this milestone, Zambezi Magic (DStv Channel 160) will air the documentary 'Geingob - Man of the Hour' on Friday, 25 March at 20h30. 'Geingob - Man of the Hour' looks at the life of the President as a Namibian liberation hero. In the documentary, he takes his family back to...

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(Bloomberg 08/16/17)
Namibia’s central bank reduced its key rate for the first time since 2012 as consumer prices rose at the slowest pace in almost two years last month and the economy contracts. The Monetary Policy Committee reduced the repo rate by 25 basis points to 6.75 percent, Bank of Namibia Deputy Governor Ebson Uanguta told reporters Wednesday in capital, Windhoek. Inflation in the southwest African nation, the world’s biggest producer of marine diamonds, was 5.4 percent in July, the weakest since January last year after food-price growth eased as the country recovers from a regional drought.
(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, but that’s still subject to...
(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...
(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...
(The Guardian 07/19/17)
Don’t despair that the huge gaps between rich and poor cannot ever be bridged. As our new index shows, some countries are taking steps to reduce inequality. When you hear eye-watering statistics like the fact that eight men own the same amount of wealth as the bottom half of humanity, the first reaction is often shock and anger. For many people, this is accompanied by a feeling of despair that such huge divides cannot be bridged; that the inequality crisis...
(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...
(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...
(Reuters (Eng) 06/15/17)
Anglo American's (AAL.L) diamond unit De Beers on Thursday launched the world's largest diamond exploration vessel off the coast of Namibia as it looks to maintain high production levels until 2035. The 12,000-tonne, 113-metre-long SS Nujoma was built at a cost of $157 million and is named after Sam Nujoma, Namibia's founding president. "I am very, very confident this (vessel) will allow us to continue to extract 1.2 million carats a year," De Beers CEO Bruce Cleaver told Reuters by...
(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 05/18/17)
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...
(Voice of America 05/03/17)
African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This has kind of driven almost the entire regional trend,” said Nan Tian, a researcher at the Stockholm International Peace Research Institute’s (SIPRI) Arms and...
(Bloomberg 05/02/17)
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it increase sales and purchases of gasoline, diesel and other products to more than 2 million barrels a day, said Ibrahim Al-Buainain, chief...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...

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