Tuesday 19 September 2017
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(AFP (eng) 08/30/17)
At least eight people, including civilians, were killed and 29 injured in the latest bout of growing sectarian unrest in the Central African Republic which has prompted warnings of genocide, the UN said Wednesday. "Over the past week, there were several reports of clashes" around the central town of Bria, some 450 kilometres (280 miles) north east of the capital Bangui, the UN's humanitarian affairs coordination office (OCHA) said. "There are reports of at least eight deaths, including civilians, and 29 injured on recent fighting" on the Bria to Yalinga highway, it added.. It was not immediately clear who was behind the latest violence but Bria was the scene earlier this month of clashes between a majority Muslim rebel group...
(APA 08/30/17)
APA - Douala (Cameroon) - Public spending within Central African Economic and Monetary Community (CEMAC) countries declined by 4000 billion CFA over the past triennium (2014-2017), the Bank of Central African States (BEAC) said Wednesday. Clearly, these expenditures have gone from 7,000 billion CFA in 2014 to stabilize at 3,000 billion CFA in 2017, a staggering decreased of 4,000 billion CFA in three years. This drastic reduction in public spending is the consequence of the fiscal adjustment measures implemented within the states or enacted by the BEAC since the decline in global commodity prices. These include the drop in oil price on the international market, which is detrimental to the economies of the subregion, especially as five of the six...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(RFI(EN) 08/28/17)
The sun is high in the sky at 3pm and Marceline Huila noisily stirs a metal pot with her wooden spoon-- there is not much in there, no bouillon cube or oil, and it is supposed to feed the 10 members of her family who are waiting nearby. The wild sorrel, a green leaf used for soup in fancy restaurants in Paris, will be their only meal of the day. Its nutritional value is far below the required daily calorie allowance for adults and children, but Huila is just one of 146,500 Central African refugees trying to cope with lack of food in southern Chad. “I used to eat four meals a day,” says Huila, who would feed her family...
(APA 08/28/17)
APA – Douala (Cameroon) - Cameroon has announced that it will on Monday hand over military equipment recovered in the hands of the Central African "armed groups" during a ceremony to be presided over by the minister of Defense (MINDEF) Joseph Beti Assomo. The Central African delegation will be led by the minister of Defense and Joseph Yakete in the presence of the Special Envoy of the UN Secretary General in the region. This move by the Cameroonian authorities is in the spirit of "the ongoing pacification of the Central African Republic", for since the outbreak of this socio-political crisis four years ago, Cameroon has always expanded efforts for its neighbor to find the peace and stability, Assomo said. “This...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(The Associated Press 08/24/17)
BANGUI, Central African Republic (AP) -- A U.S. congressional delegation is calling for urgent aid to Central African Republic during its visit to the impoverished country where deadly sectarian violence is surging again. Hundreds of people have been killed this year and more than 600,000 have been displaced. Rep. David Cicilline of Rhode Island, a member of the House Foreign Affairs Committee, tells The Associated Press that the international community "has to think about the long-term implications of abandoning our efforts to stabilize this country." Cicilline is criticizing the withdrawal of U.S. special operations troops and says it creates a "void" in the country's southeast. The U.S. military this year ended its operations against the Lord's Resistance Army rebel group...
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(AFP (eng) 08/23/17)
United Nations aid chief Stephen O'Brien told the Security Council Tuesday there are early signs of genocide in the violence-plagued Central African Republic, according to diplomats. O'Brien made his remarks in a closed-door meeting -- which was not on the official council agenda and was called for by France -- following his recent visit to the country, one of the diplomats told AFP. The aid chief's warning echoed what he said earlier this month, when he told a UN meeting "the early warning signs of genocide are there" and urged more troops and police to bolster the UN peacekeeping mission in the strife-torn country. The United Nations maintains some 12,500 troops and police on the ground to help protect civilians...
(The Associated Press 08/23/17)
UNITED NATIONS — U.N. humanitarian chief Stephen O'Brien said Tuesday he saw "the early warnings of genocide" during a recent visit to Central African Republic, which has faced sectarian fighting since 2013. He said in an interview with The Associated Press that "there's a terrible development of militias now using ethnic or religious" reasons for attacks. He spoke with AP after briefing the U.N. Security Council on his trip behind closed doors at the request of France. During a visit to the southeastern town of Bangassou last month, O'Brien said, he saw 2,000 Muslims trapped in a Catholic church where they fled after their homes were burned by mostly Christian anti-Balaka militiamen who were "just lying in wait to kill...
(APA 08/23/17)
World football governing body FIFA is threatening to ban the Central African Republic from all competitions if it does not pay Jules Accorsi, a former coach of the national team CFA 996 million in salary arrears by September 1st. FIFA also warned CAR that it could also face a four-year ban from competitions organized by the Confederation of African Football (CAF) in addition to fines. The amounts for the latter penalties have not been revealed. Accorsi who coached the “Fauves de Bas Oubangui” from 2009 to 2012 had not been paid his wage for several months. The salary arrears are estimated at CFA 120 million. The CAR football federation has met only CFA 25 million of their financial obligations towards...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(Dw-World 08/22/17)
The government of the Central Africa Republic plans to hold further peace talks with rebel factions. But rights group, Human Rights Watch, wants rebel leaders to be held accountable for war crimes. Fresh deadly clashes hit several areas of the Central African Republic this week as international alarm grows over the spread of violence in the deeply troubled country. The clashes involved the majority Muslim rebel group Seleka and a predominantly Christian group Anti-balaka. In a letter addressed to the UN secretary General, António Guterres, six human rights organizations expressed grave concerns about the rapid deterioration of the security situation the country. Since the start of the year, more than 800 civilians have been killed. Lewis Mudge, a researcher with...
(AfricaNews 08/22/17)
Bria in the Central African Republic is once again experiencing clashes between anti-balaka and ex-seleka militants. The number of those killed still remains unclear for now. The presence of rival factions in Bria sparked the violence. Similar clashes have already killed some 300 people displacing nearly 40 000 others since June. Following decades of violence and instability since gaining independence, an insurgency in CAR led by the Seleka—a coalition of armed, primarily Muslim groups— resulted in the severe deterioration of the country’s security infrastructure and heightened ethnic tensions. In September 2013, anti-balaka forces began committing widespread revenge attacks
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(AFP (eng) 08/21/17)
Thirteen people have been killed in a town in Central African Republic, a local doctor said Sunday, as the toll from sectarian violence that has sparked fears of genocide continued to rise. The clashes took place in Bria, in the centre of the country 450 kilometres (280 miles) from the capital Bangui, between a majority Muslim rebel group and a predominantly Christian militia called the anti-Balaka. "Thirteen bodies were found on Saturday after violent fighting between self-defence forces and parts of Abdoulaye Hissene's FPRC," Michel Ambapo told AFP, referring respectively to the anti-Balaka and a faction of the rebel coalition known as the Seleka. "At least 20 wounded were admitted to hospital, most of them combatants on both sides and...
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...

Pages