Centrafrique | Africatime
Tuesday 31 March 2015

Centrafrique

(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(Business Day 03/31/15)
Master Drilling, a supplier of drilling services to the mining industry, grew its headline earnings per share 32% in the year to December thanks to strong revenue growth from its specialised services in Africa. The group is benefiting from being diversified across emerging markets. It is listed on the JSE and in the US. On Monday it reported headline earnings per share of $131.5c for the year to last December compared with 99.3c for the year before. Sales revenue from its African business stood out, more than doubling from $9.34m to $19.26m. Sales revenue from its South African operations grew 18% to $44.46m from $37.64m. Master Drilling operates in the raise boring market and provides specialised drilling services to major,...
(Business Day 03/31/15)
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries...
(Xinhuanet 03/30/15)
ARUSHA, Tanzania, March (Xinhua) -- The Third Africa-China Young Leaders Forum concluded on Sunday with the call for African countries to make their own policies which will help in promoting regional macroeconomic stability, a very fundamental aspect in improving people's welfare. Wrapping up the forum, Tanzania's Vice President Mohammed Gharib Bilal stressed on the need for African policy makers to produce good investment policies. "While we looking at these opportunities, it is a fact that we cannot run away from the new global development approaches.
(Xinhuanet 03/28/15)
LUSAKA, Mar. (Xinhua) -- Africa's trading bloc said it has resolved about 80 percent of Non-Tariff Barriers (NTBs) restricting trade, a statement emailed to Xinhua on Thursday said. The Common Market for Eastern and Southern Africa (COMESA) said 385 out of 476 NTBs identified as most restrictive to trade in the region through an online reporting system have been resolved while seven were considered non-actionable, according to a statement released by the bloc's public relations officer Mwangi Gakunga. "Currently, eight categories of NTBs have been identified as most restrictive to trade in the region.
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug...
(Reuters (Eng) 03/27/15)
(Reuters) - The United Nations Security Council on Thursday boosted the number of peacekeepers in Central African Republic by more than 1,000 after the mission was overburdened by a need to protect infrastructure and senior officials in the capital Bangui. The 15-member council unanimously approved the request by U.N. Secretary-General Ban Ki-moon for an additional 750 troops and 280 police, which takes the mandated strength of the operation to nearly 13,000 uniformed personnel. The council also approved another 20 corrections officers, to help reopen prisons outside of Bangui.
(Xinhuanet 03/27/15)
ADDIS ABABA, March (Xinhua) -- Intra-regional trade in the Common Market for Eastern and Southern Africa (COMESA) has increased dramatically but a lot needs to be done to achieve more with focus on small, medium and micro enterprises (SMEs), noted Officials. Speaking at the 34th session of the Council of Ministers of COMESA on Thursday in Ethiopia's capital Addis Ababa, the officials of the sub-region also underlined the need to ensure value addition of products in member countries for more...
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(The Guardian 03/27/15)
African elephants could be extinct in the wild within a few decades, experts have warned at a major conservation summit in Botswana that has highlighted an alarming decline in numbers due to poaching for ivory. The Africa Elephant Summit, held at a tourist resort in Kasane, gathered delegates from about 20 countries across Europe, Africa and Asia, including China – which is accused of fuelling the illegal poaching trade. “This species could be extinct in our lifetime, within one or...
(Reuters (Eng) 03/26/15)
YALOKE, Central African Republic/DAKAR (Reuters) - Hunted through the bush of Central African Republic by Christian militiamen, hundreds of half-starved Muslim herders found sanctuary with U.N. peacekeepers in the town of Yaloke. For almost a year, they dared not set foot outside the camp. Now, after months of talks with local leaders, the frightened Fulani herders have finally ventured outside their small compound into the half-empty town, once home to an estimated 10,000 Muslims. It is two years since the...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Xinhuanet 03/25/15)
ARUSHA, Tanzania, March (Xinhua) -- African nations on Tuesday were urged to strengthen their national regulatory infrastructures for the nuclear energy to benefit the continent and its people. The call came at the time when a number of African countries are embarking into harnessing uranium energy to promote nuclear technologies for peaceful use.
(Reuters (Eng) 03/25/15)
JOHANNESBURG (Reuters) - Google and Facebook are at the forefront of a scramble to win over new African Internet users, offering freebies they say give a leg-up to the poor but which critics argue is a plan to lock in customers on a continent of 1 billion people. Africa's Internet penetration will reach 50 percent by 2025 and there are expected to be 360 million smartphones on the continent by then, roughly double the number in the United States currently,...
(Voice of America 03/24/15)
The U.N. Food and Agriculture Organization said farmers in Central African Republic are in urgent need of seeds and tools. Several years of conflict and violence have disrupted agriculture and created widespread food insecurity. The FAO has made an urgent appeal for more than six million dollars to help rebuild the agricultural sector. The planting season begins next month in Central African Republic. The rains have started and the soil is rich and plentiful – perfect conditions to produce a...
(Xinhuanet 03/24/15)
MURANG'A, Kenya, March 24 (Xinhua) -- Seated round the table and with chopsticks in their hands, Kenyan students living in suburb slums chatted animatedly while enjoying breakfast before Chinese class. The students are from the Mathare slums in Nairobi, and like many other poor kids living in slums of the capital Nairobi, they had to struggle for a chance of education. "But that was before the Chinese came," said Sharon Mwangi, a pioneer student at Beijing MCEDO School and will...
(Xinhuanet 03/24/15)
KASANE, Botswana, March 24 (Xinhua) -- A Chinese official has said that China will make more efforts on the fields of management, law enforcement, education and capacity building to help African countries battle elephant poaching. Meng Xianlin, executive director-general of Endangered Species of Wild Fauna and Flora Import and Export Management Office of China, made the remarks Monday after the African Elephant Summit in Kasane, Northern Botswana. China has also strengthened law enforcement, Meng said after the meeting, adding that...
(Voice of America 03/23/15)
YAOUNDE— Cameroon says suspected rebels from the Central African Republic have kidnapped 16 people from its territory, including influential local politicians, clergy and businessmen. Although the government says no group has claimed responsibility, it is widely speculated that supporters of rebel leader Abdoulaye Meskine are pressing for his release and that of his fighters who have been arrested and detained in Cameroon. Governor Samuel Dieudonne Ivaha Diboua of Cameroon's eastern region that shares a boundary with the troubled Central African Republic, says the 16 people including four women were attacked by at least 30 heavily armed men in Babio on March 19.
(Independent Online 03/23/15)
Direct marketing retailer HomeChoice seems to be making headway with growing business in Africa with plans to open its Pan-African office in Mauritius this year. The group which sells homeware merchandise, personal electronics and loan products, said on Friday that it planned to offer innovative retail and financial services products to the growing African middle class. “Expansion into the rest of Africa presents a major growth opportunity for the business in the medium to long term. “A solid platform for...
(The Independent 03/21/15)
For all the reports of war and famine, Africa is booming. Jim Armitage speaks to some of its CEOs at their annual get-together in Geneva. It’s easy to fall into the age-old narrative that Africa is a land hidebound by corruption. But, at the annual Africa CEO Forum in Geneva this week, corporate leaders were pushing a very different theme. In fact, the C-word was one that few delegates wanted to talk about, preferring instead to discuss the same kinds...

Pages

(Business Day 03/31/15)
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries where it operates. In the same week, global payment processor giants Visa and MasterCard both launched new mobile card services in Africa, eager to get a slice of the continent’s growing mobile payment industry. Better...
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug decorated with hieroglyphs and piles of letters from admirers and acolytes. Yosef Alfredo Antonio Ben-Jochannan seemed unaware of the shrine that had accumulated around him. His eyes were barely open. He sat hunched in his wheelchair, dressed in baggy pants,...
(Reuters (Eng) 03/27/15)
(Reuters) - The United Nations Security Council on Thursday boosted the number of peacekeepers in Central African Republic by more than 1,000 after the mission was overburdened by a need to protect infrastructure and senior officials in the capital Bangui. The 15-member council unanimously approved the request by U.N. Secretary-General Ban Ki-moon for an additional 750 troops and 280 police, which takes the mandated strength of the operation to nearly 13,000 uniformed personnel. The council also approved another 20 corrections officers, to help reopen prisons outside of Bangui.
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(The Guardian 03/27/15)
African elephants could be extinct in the wild within a few decades, experts have warned at a major conservation summit in Botswana that has highlighted an alarming decline in numbers due to poaching for ivory. The Africa Elephant Summit, held at a tourist resort in Kasane, gathered delegates from about 20 countries across Europe, Africa and Asia, including China – which is accused of fuelling the illegal poaching trade. “This species could be extinct in our lifetime, within one or...
(Reuters (Eng) 03/26/15)
YALOKE, Central African Republic/DAKAR (Reuters) - Hunted through the bush of Central African Republic by Christian militiamen, hundreds of half-starved Muslim herders found sanctuary with U.N. peacekeepers in the town of Yaloke. For almost a year, they dared not set foot outside the camp. Now, after months of talks with local leaders, the frightened Fulani herders have finally ventured outside their small compound into the half-empty town, once home to an estimated 10,000 Muslims. It is two years since the...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Xinhuanet 03/25/15)
ARUSHA, Tanzania, March (Xinhua) -- African nations on Tuesday were urged to strengthen their national regulatory infrastructures for the nuclear energy to benefit the continent and its people. The call came at the time when a number of African countries are embarking into harnessing uranium energy to promote nuclear technologies for peaceful use.
(Reuters (Eng) 03/25/15)
JOHANNESBURG (Reuters) - Google and Facebook are at the forefront of a scramble to win over new African Internet users, offering freebies they say give a leg-up to the poor but which critics argue is a plan to lock in customers on a continent of 1 billion people. Africa's Internet penetration will reach 50 percent by 2025 and there are expected to be 360 million smartphones on the continent by then, roughly double the number in the United States currently,...
(Xinhuanet 03/24/15)
MURANG'A, Kenya, March 24 (Xinhua) -- Seated round the table and with chopsticks in their hands, Kenyan students living in suburb slums chatted animatedly while enjoying breakfast before Chinese class. The students are from the Mathare slums in Nairobi, and like many other poor kids living in slums of the capital Nairobi, they had to struggle for a chance of education. "But that was before the Chinese came," said Sharon Mwangi, a pioneer student at Beijing MCEDO School and will...
(Xinhuanet 03/24/15)
KASANE, Botswana, March 24 (Xinhua) -- A Chinese official has said that China will make more efforts on the fields of management, law enforcement, education and capacity building to help African countries battle elephant poaching. Meng Xianlin, executive director-general of Endangered Species of Wild Fauna and Flora Import and Export Management Office of China, made the remarks Monday after the African Elephant Summit in Kasane, Northern Botswana. China has also strengthened law enforcement, Meng said after the meeting, adding that...
(Voice of America 03/23/15)
YAOUNDE— Cameroon says suspected rebels from the Central African Republic have kidnapped 16 people from its territory, including influential local politicians, clergy and businessmen. Although the government says no group has claimed responsibility, it is widely speculated that supporters of rebel leader Abdoulaye Meskine are pressing for his release and that of his fighters who have been arrested and detained in Cameroon. Governor Samuel Dieudonne Ivaha Diboua of Cameroon's eastern region that shares a boundary with the troubled Central African Republic, says the 16 people including four women were attacked by at least 30 heavily armed men in Babio on March 19.
(The Independent 03/21/15)
For all the reports of war and famine, Africa is booming. Jim Armitage speaks to some of its CEOs at their annual get-together in Geneva. It’s easy to fall into the age-old narrative that Africa is a land hidebound by corruption. But, at the annual Africa CEO Forum in Geneva this week, corporate leaders were pushing a very different theme. In fact, the C-word was one that few delegates wanted to talk about, preferring instead to discuss the same kinds...
(AFP (eng) 03/20/15)
Sixteen Cameroonians have been kidnapped in northeastern Cameroon in an alleged attack by armed militia from the Central African Republic (CAR), security sources said on Friday. The attack took place on Thursday night in Gbabio village, near the border with the CAR, and is thought to have been led by rebel chief Abdoulaye Miskine. "The kidnappers opened fire before driving off in a bus," a Cameroonian security source told AFP. All those abducted were residents of the northern Cameroonian city...
(Voice of America 03/20/15)
The International Food Policy Research Institute has released its Global Food Policy Report. IFPRI Director- General Shenggen Fan listed some of the accomplishments of last year. “We have achieved some progress. For example, we paid more attention to nutrition. We also think water, hygiene are very important in solving children’s under nutrition. We have also seen new commitments on trade and climate change – and [a] focus on family farming. The year 2014 was a year of family farming. So...
(Bloomberg 03/19/15)
(Bloomberg) -- James Wilde has climbed the tallest peaks on every continent, including Mount Everest. Now he’s drilling in Uganda for water to aid refugees fleeing South Sudan’s conflict. Global H20 was founded by Wilde after he caught dysentery from contaminated water on Tibet’s Mount Cho Oyu in 2009. Since then, the charity has won contracts to drill wells and dig latrines for refugee camps accommodating some 80,000 who escaped from South Sudan. A new Angola chapter kicks off operations...
(The New York Times 03/18/15)
NDJAMENA, Chad — Deep in the Sahara, late at night, a Reaper drone silently tracked a six-vehicle convoy crossing the desert into Niger from Libya. Minutes later, French attack planes and helicopter gunships swooped down on the convoy of Qaeda-backed fighters, turning the militant caravan into smoldering wreckage. The raid last October by French combat aircraft and commandos killed or captured 15 Islamist fighters, and recovered nearly three tons of weapons, including Russian-designed SA-7 shoulder-fired missiles and several hundred anti-tank rockets, all bound for guerrilla operations in Mali, French officials said.
(The Guardian 03/16/15)
The workshop will specifically focus on an independent inquiry into these emerging actors’ footprint in Africa by African media sources, distinct from the views and opinions of the West, which have always largely influenced the outlook and perceptions of key players in the business climate. Convener of the workshop, the Fahamu’s Emerging Powers in Africa, said it seeks to strengthen the voice of African media in investigating and reporting the impact of such emerging actors like China, India, Brazil, South...
(Ipp media 03/14/15)
The African Court of Human and Peoples’ Rights (AfCHPR) has embarked on a programme geared to produce multilingual promotional materials for the court proceedings so that it can be clearly understood by ordinary people. Despite the fact that Swahili is among the African Union’s official languages, it can be given due consideration in the new court programme. Other AU official languages include English, French, Portuguese and Arabic.
(The Citizen 03/14/15)
Arusha. The African Court on Human and People’s Rights (AfCHPR) has reiterated its concern on failure by African states to allow individuals and non-governmental organizations (NGOs) to file applications before the court. “Human rights pertain to individuals and not governments. If individuals cannot access the court, then something has gone wrong,” lamented AfCHPR President Judge Augustino Ramadhani here on Thursday. He said the court, which started operations about a decade ago, would fail its mandate if it does not serve...

Pages

(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(Business Day 03/31/15)
Master Drilling, a supplier of drilling services to the mining industry, grew its headline earnings per share 32% in the year to December thanks to strong revenue growth from its specialised services in Africa. The group is benefiting from being diversified across emerging markets. It is listed on the JSE and in the US. On Monday it reported headline earnings per share of $131.5c for the year to last December compared with 99.3c for the year before. Sales revenue from its African business stood out, more than doubling from $9.34m to $19.26m. Sales revenue from its South African operations grew 18% to $44.46m from $37.64m. Master Drilling operates in the raise boring market and provides specialised drilling services to major,...
(Xinhuanet 03/30/15)
ARUSHA, Tanzania, March (Xinhua) -- The Third Africa-China Young Leaders Forum concluded on Sunday with the call for African countries to make their own policies which will help in promoting regional macroeconomic stability, a very fundamental aspect in improving people's welfare. Wrapping up the forum, Tanzania's Vice President Mohammed Gharib Bilal stressed on the need for African policy makers to produce good investment policies. "While we looking at these opportunities, it is a fact that we cannot run away from the new global development approaches.
(Xinhuanet 03/28/15)
LUSAKA, Mar. (Xinhua) -- Africa's trading bloc said it has resolved about 80 percent of Non-Tariff Barriers (NTBs) restricting trade, a statement emailed to Xinhua on Thursday said. The Common Market for Eastern and Southern Africa (COMESA) said 385 out of 476 NTBs identified as most restrictive to trade in the region through an online reporting system have been resolved while seven were considered non-actionable, according to a statement released by the bloc's public relations officer Mwangi Gakunga. "Currently, eight categories of NTBs have been identified as most restrictive to trade in the region.
(Xinhuanet 03/27/15)
ADDIS ABABA, March (Xinhua) -- Intra-regional trade in the Common Market for Eastern and Southern Africa (COMESA) has increased dramatically but a lot needs to be done to achieve more with focus on small, medium and micro enterprises (SMEs), noted Officials. Speaking at the 34th session of the Council of Ministers of COMESA on Thursday in Ethiopia's capital Addis Ababa, the officials of the sub-region also underlined the need to ensure value addition of products in member countries for more...
(Independent Online 03/23/15)
Direct marketing retailer HomeChoice seems to be making headway with growing business in Africa with plans to open its Pan-African office in Mauritius this year. The group which sells homeware merchandise, personal electronics and loan products, said on Friday that it planned to offer innovative retail and financial services products to the growing African middle class. “Expansion into the rest of Africa presents a major growth opportunity for the business in the medium to long term. “A solid platform for...
(Bloomberg 03/21/15)
(Bloomberg) -- Barclays Plc has started lending to diamond dealers as the British bank seeks to expand in southern Africa, according to people familiar with the situation. The U.K.-based bank is financing buyers of rough stones in Botswana and South Africa, the people said, asking not to be identified as the move hasn’t been made public. Barclays customers include buyers of gems from the Botswana government, the biggest producing country, two of the people said. Barclays Chief Executive Officer Antony...
(Bloomberg 03/19/15)
(Bloomberg) -- Pioneer Foods Ltd., a South African food and beverage producer, plans acquisitions in at least five more African countries after taking a majority holding in Nigerian competitor Food Concepts Plc. “We’re talking to entrepreneurs for opportunities to expand our investments in the continent” within the next five years, Thushen Govender, the company’s head of international business, said in an interview in Lagos, Nigeria’s commercial hub, on Tuesday. “Our focus is on larger economies with a higher population -- for example, Angola, Kenya, Ethiopia, Tanzania and Ghana.”
(Xinhuanet 03/19/15)
NAIROBI, March (Xinhua) -- Megacities across Africa have suffered from the perennial problem of traffic congestion, a by- product of the remarkable economic boom over the past decade. Africa has outperformed many economies in the world in past decade with an average growth of near 5 percent. Despite headwinds, growth is projected to stand at 5.1 percent by 2017, lifted by infrastructure investment, increased agriculture production, and buoyant services. However, the economic boom has led to surging population in megacities...
(Forbes 03/18/15)
“There is always space for you to play, but approach it with diligence,” - Strive Masiyiwa, founder & Chairman, Econet Wireless Group. According to a research report published by Canadean, total consumption of non-alcoholic beverages in Africa in 2013 was 51,559 million liters (13,473 million gallons). Applying a multiplier to that consumption volume; average price of $1.06 per liter (combination of on and off trade sales values), the value of the non-alcoholic beverage industry in Africa was estimated at $54.6...
(Xinhuanet 03/16/15)
NAIROBI, March 16 (Xinhua) -- Telecommunications firm, Airtel Africa, on Monday announced the launch of a cross-border money- transfer service for customers between the Democratic Republic of Congo (DRC), Zambia and Rwanda. In a statement issued in Nairobi, the mobile firm, which operates in 17 countries across Africa, said the service will facilitate increased remittances and regional trades at very low cost with ubiquitous distribution network.
(Voice of America 03/14/15)
ABUJA—Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. But for the currency hawkers hanging around outside Abuja's Sheraton hotel, business has seldom been so good as wealthy Nigerians turn to the black market - sometimes changing up to $200,000 at a time - to dodge increasingly onerous FX regulations. In other African crude producers such as Angola and South Sudan, the sharp...
(Xinhuanet 03/12/15)
NAIROBI, March 12 (Xinhua) -- Sub-Saharan African countries have forged strong ties with China in order to acquire technologies and expertise that are crucial to accelerate an agrarian revolution, an African expert has said. Emmanuel Tambi, director of policy and advocacy with the Forum for Agriculture Research in Africa, noted that Sino-Africa cooperation in agriculture has unleashed mutual benefits. "There are a number of ongoing initiatives between China and Africa to strengthen cooperation in the field of agriculture. China is...
(Bloomberg 03/11/15)
(Bloomberg) -- The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies. The agency opened offices in Angola, Ethiopia, Mozambique and Tanzania in the past 12 months and is planning its biggest-ever trade mission to sub-Saharan Africa in September, Donald Nay, a regional senior commercial officer, said in an e-mailed response to questions. U.S. companies have faced increasing competition from China in Africa over the past decade as the Asian nation targeted the continent for oil and other mineral resources.
(BBC News Africa 03/10/15)
Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years. While north African countries such as Morocco, Algeria and Egypt receive the most, east African countries are particularly dependent on remittances. The average per migrant is almost $1,200, representing 5% of GDP on a country-by-country average. Yet the cost of sending this money is high. The Overseas Development Institute (ODI) reports Africans...
(Reuters (Eng) 03/10/15)
Falling commodity prices, political upheaval and simmering conflict are exposing the differing fortunes of Africa’s economies, undermining the idea that the continent of a billion people is on one collective ascent. Sub-Saharan Africa has achieved annual growth of more than 5 percent over the last decade, and foreign investment has more than quadrupled over the same period, feeding the popular catch phrase that ‘Africa is rising’. However, the regional co-operation, infrastructure development and political reforms needed to diversify economies and...
(Vanguard 03/09/15)
The Minister of Agriculture and Rural Development ,Dr Akinwumi Adesina , has predicted that Africa’s future millionaires and billionaires will make their money from agriculture as the governments marshal out plans to unlock wealth from the soil. He spoke Friday in Abuja as the African Development Bank (AfDB), the Federal Ministry of Agriculture and Rural Development (FMARD), and the International Institute of Tropical Agriculture (IITA) launched the Agricultural Transformation Agenda Support Program Phase 1 (ATASP-1) in Abuja. The ATASP-1 is...
(UN.org 03/07/15)
Ahead of International Women's Day, United Nations food relief agencies gathered to remind the world that women farmers play a central role in achieving food and nutrition security, urging countries to step up efforts to empower rural women who too often do "backbreaking work" to harvest food. "Women are the backbone of rural societies as they grow and process food and make sure their families are well-fed and well-nourished," said International Fund for Agricultural Development (IFAD) President Kanayo Nwanze in...
(Bloomberg 03/05/15)
(Bloomberg) -- Standard Bank Group Ltd. gained the most in six years in Johannesburg trading after it reported profit boosted by expansion in Africa, lower bad debts and curbs on costs. Standard Bank rose as much as 6.6 percent, the biggest intraday advance since April 2009. Full-year net income climbed to 17.9 billion rand ($1.52 billion) from 16.2 billion rand a year earlier, the bank said in a statement on Thursday.
(Reuters (Eng) 02/27/15)
SHANGHAI (Reuters) - China has announced a one-year ban on the import of African ivory carvings ahead of next week's visit by Britain's Prince William, a strong critic of the ivory trade. China will halt approval for imports until late February next year, newsagency Xinhua reported on Thursday, citing the State Forestry Administration, which regulates the trade. The ban will affect carvings acquired after 1975, it added. Prince William has previously been critical of China over its consumption of ivory,...

Pages

(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World Cup is set to finish in late December and the African Cup had been scheduled to start in mid-January 2023. Valcke said the aim of postponing the continental event was "to avoid there being a...
(Xinhuanet 01/23/15)
MALABO, Jan. (Xinhua) -- The Confederation of African Football (CAF) said on Thursday that the hosts for the 2017 Africa Cup of Nations will be announced on April 8 in Cairo, Egypt. According to the continental football body's statement, Algeria, Egypt, Gabon and Ghana are competing to replace strife-riven Libya who will not go ahead with their hosting of the finals for security concerns. The CAF also announced that the host nation will play games in the qualifiers, but its matches will be friendlies and won't have points on offer. The qualifiers will begin in June, and the 52 competing countries and regions will go straight into 13 groups of four teams each. The top team in each group and...
(SouthAfrica.info 01/19/15)
Top South African cycling outfit Team MTN-Qhubeka has received an invitation to participate in the 2015 Tour de France - the first African team ever to do so in 101 years. The 22 teams riding in the race were announced by the Amaury Sports Organisation (ASO) last week. Along with the 17 World Tour teams, five wild card teams also issued - including one to the South African team. This year will be the first time in the race's 101...
(BBC News Africa 01/15/15)
An African-registered team will compete in the Tour de France for the first time this summer. The MTN-Qhubeka outfit from South Africa is one of five teams granted wildcard invitations alongside the 17 World Tour entries. The team has previously stated its desire to mark Nelson Mandela Day on 18 July with a specially-designed kit if it was invited to take part. The 102nd Tour gets under way in Utrecht, Netherlands, on 4 July. Grand Tour stage winners Edvald Boasson...
(Daily Trust 12/22/14)
Football without superstars is like tea without sugar, like bread without butter, or beans without dodo (fried plantain). We are in the season of celebrating the super stars, the players whose light has shone brightest in the football constellation. Next January, the Confederation of African Football, CAF, will elect its winner of the prestigious African Footballer of the Year Award for 2014. The event has become very significant for the players because it shoots their status and profile sky high, onto a new pedestal of respect and prospect of additional fortune! In the final list of five players for the 2014 African award there are a few surprise inclusions.
(Xinhuanet 12/15/14)
NAIROBI, Dec. (Xinhua) -- The Council of East and Central Africa Football Associations (CECAFA) Senior Challenge Cup 2014 edition will not be held in 2014 owing to lack of a venue to host the tournament. CECAFA President Leodegar Tenga told journalists on Sunday in Nairobi after the association' s Extra-Ordinary General Assembly that the rising costs of holding the tournament was the sole reason the annual event will not take place. "At this time of the year we hold the...
(Independent Online 12/09/14)
Monaco – An African bid to stage the Olympic Games for the first time will get widespread sympathy in the IOC after its new reforms, Olympic chief Thomas Bach said. With Durban in South Africa considering a run for the 2024 Games, Bach said in an interview that it was up to Africa to make a “feasible” case. “This depends on Africa,” Bach said when asked when the first Olympics would be held in Africa. Reforms passed by the International...
(BBC News Africa 11/14/14)
It will be almost impossible to stage the 2015 Africa Cup of Nations on time, says the man who organised the 2008 tournament in Ghana. Morocco was due to stage the 2015 Cup but was removed as host after expressing fears over the Ebola virus. The Confederation of African Football (Caf) insists the tournament will go ahead on time, starting on 17 January. But Dr Kofi Amoah told the BBC: "It could be a sham. I don't think there is...
(BBC News Africa 11/12/14)
The new hosts for the 2015 Africa Cup of Nations will be named in "two or three days", says the Confederation of African Football (Caf). Caf president Issa Hayatou revealed the timeframe in a live interview with TV channel France 24 on Tuesday. Hayatou added that the tournament dates remained 17 January to 8 February. It was announced earlier on Tuesday that original choice Morocco would not host because of its fears over the Ebola outbreak on the continent. Morocco had asked to postpone the competition until 2016 but Caf refused and expelled them from the finals.
(The New York Times 11/12/14)
Fear of the spread of Ebola has now thrown Africa’s most important soccer tournament into disarray. Morocco was removed Tuesday as host of the 2015 Africa Cup of Nations and expelled from participating in the biennial championship after it sought to delay the 16-team event, concerned about a spread of the virus. No replacement host has yet been named for the tournament, which is scheduled from Jan. 17 to Feb. 8. The expulsion of Morocco was announced by the Confederation...
(PANA 11/11/14)
Addis Ababa, Ethiopia - Several innovations reported in recent years from across Africa bode well for the continent striving to get skills that meet its industry requirements in the 21st century, economic and labour experts meeting in Addis Ababa said on Saturday. But some basics must be in place for Africa to have the capacity to take advantage of what is happening globally in technology and innovation, according to Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African...
(BBC News Africa 11/10/14)
The five-man shortlist for the BBC African Footballer of the Year 2014 has been revealed. Title holder Yaya Toure has been nominated for the sixth consecutive year, along with Pierre-Emerick Aubameyang, Yacine Brahimi, Vincent Enyeama and Gervinho. The winner will be decided by fans of African football, who have until 18:00 GMT on Monday, 24 November to vote for their choice. Or to vote for BBC African Footballer of the Year 2014 by SMS, text the number of the player...
(PANA 10/07/14)
The qualifying series for the 2015 Africa Cup of Nations is set to resume next weekend, after a month-long break, PANA reported Sunday. The first set of two group matches were played last month, and two more matches are slated to be played this month. Match day three will be next Friday and Saturday, while Match day four will be four days later, on 15 Oct. After this month's matches, there will be two more matches to go, in November,...
(The New Times 10/07/14)
Head coaches and technical directors of African national teams have hailed progress in African football but emphasised the need to make improvements which would see an African team win a Fifa World Cup. The resolution was among the many passed by the coaches, who meet in a two-day conference held in Cairo, Egypt last week. It was organised by FIFA and CAF to review and learn from the 2014 FIFA World Cup Brazil. Rwanda was represented by Amavubi head coach...
(Africa Top sports 09/17/14)
L’attaquant franco-centrafricain Quentin Ngakoutou opte pour la Centrafrique. Selon Centrafriquefootball.cf, le joueur de l’AS Monaco prêté à Arles-Avignon (Ligue 2 France) a donné son accord de principe pour mener une carrière internationale sous les couleurs des Fauves, a annoncé le manager de la sélection centrafricaine, Willy Kongo. Ancien international français U17, Quentin Ngakoutou pourrait donc disputer son premier match avec la Centrafrique le 9 octobre. Les Fauves du Bas Obangui affronteront à cette date le Maroc, pays hôte de la...
(Dw-World 09/04/14)
As the continent gears up for its African Nations Cup qualifiers, concerns are growing that the deadly disease could ruin the games. Some argue soccer players and fans from Ebola-hit countries could spread the virus. The message from Africa's soccer governing body, the Confederation of African Football (CAF), was clear: Ivory Coast will be expelled from the 2015 Africa Cup of Nations if they refuse to host Ebola-hit Sierra Leone in their qualifier on Saturday (06.09.2014). CAF's statement prompted Ivory Coast to allow the match to be held in Abidjan after all.
(PANA 08/30/14)
The Malian Football Federation (FEMAFOOT) has asked the Confederation of African Football (CAF) to relocate its away Africa Cup of Nations (AFCON) qualifying match against Algeria scheduled for 10 September at Blida for security reasons. FEMAFOOT on Thursday cited insecurity in Algeria following the death on 23 August of the JS Kabylie Cameroonian player, Albert Ebossé, 24, after he was hit by an object thrown by supporters of his club.
(RFI(EN) 07/29/14)
No black African cyclist has ever taken part in the Tour de France. The most prestigous cycling event in the world ended in Paris on Sunday, and Team Africa Rising hopes to bring an African team to the Tour in the near future. Team Africa Rising wants to be the first hundred percent African team to race the European circuit and eventually take part in the Tour de France. Speaking to RFI, Jock Boyer, the founder of Team Africa Rising...
(The Point 07/05/14)
Football lovers in Africa are generally disappointed about the early exit of Africa's five representatives in the FIFA World Cup 2014 in Brazil. But the signs were already there for such a development. And squabbles over finances and administrative arrangements are a large contributing factor. However, since FIFA allocated 1.5 million dollars to each of the 32 participating teams, the payment of bonuses to African players should not be a problem, if based on prior agreement, which should be available...
(Zimbabwe Independent 06/21/14)
AT the Brazil 2014 World Cup shorn of African heroics so far, with the singular exception of Ivory Coast, Cameroon went down fighting on Wednesday, but unfortunately, among themselves! After hitting the headlines on the eve of football's global super show for staging an industrial action over bonuses for their participation, the West Africans hogged the limelight for all the wrong reasons yet again. This time it was violence and unmitigated failure in an embarrassing 4-0 loss to Croatia. All...

Pages

(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former colonial power France, but sporadic violence remains a problem and it is still potentially one of the most...
(Ventures-Africa 12/23/14)
VENTURES AFRICA – Tourism, the fastest growing economic sector within Africa, serves as one of the core investment opportunities on the continent. But beyond the safari experience, innovative companies offer a look into Africa which is capable of penetrating this global culture. “There is no reason the world shouldn’t experience the environments that breed such dynamic people,” said Cherae Robinson, Founder and CEO of Rare Customs. Cherae is the brilliant mind behind “Tastemakers Africa”, a mobile app and website that allows travellers secure exquisite, adventurous and curated trips across Africa.
(Leadership 12/16/14)
Top music acts from across the African continent will dazzle guests, VIPs and members of the football community at the forth-coming 2014 Glo-CAF Awards scheduled to hold in Lagos on January 8, 2015. The top acts expected to do their stuff at the high octane continental event are Congo DRC’s multiple award-winning song writer, singer and guitarist, Fally Ipupa; global Jazz icon, Hugh Masekela from South Africa and Egyptian folk singer and the first person from an Arab country to...
(Leadership 11/20/14)
It was another night of glamour and panache as this year’s edition of the prestigious Africa International Film Festival, AFRIFF, came to a glittering end Saturday in Calabar, the Cross River State capital. The grand finale of the festival, which kicked off amid gaiety on Sunday, November 9, held at the Cultural Centre, Calabar, with top Nollywood stars, producers, directors and stakeholders from Africa, Europe, America and other parts of the world in attendance. Leading Nollywood stars at the event...
(AFP (eng) 11/20/14)
An AFPTV video journalist from Central African Republic on Wednesday won the Rory Peck Award for News from a British media group that highlights the work of freelancers and campaigns for their safety. Pacome Pabandji, 23, was picked for his extensive coverage of the brutal civil conflict that has ravaged his country over the past year, illustrating both the horrific sectarian violence and individual stories of suffering. "He achieved one of the most difficult things in journalism -- to be...
(The Guardian 10/28/14)
Magnus Taylor picks his favourites from the upcoming Film Africa festival in London – from a pro-democracy struggle to a city battling religious extremists. In the dunes not far from Timbuktu, recently captured by militant jihadists, Kidane lives peacefully with his wife Satima, his daughter Toya, and shepherd, Issan. Residents in the culturally rich city are suffering: music, laughter, cigarettes and football have been banned and women are being chastised for not wearing the veil. Back in the dunes, an incident brings Kidane into the heart of the historic city and its new brutal regime.
(AFP (eng) 10/16/14)
Despite sparse resources and limited institutional support, the world will soon wake up to Africa's ingenious new artists, according to some of the continent's leading exponents taking part in London's Contemporary African Art Fair. The four-day event -- the largest such fair outside Africa -- opens on Thursday and showcases the work of over 120 artists in the grand setting of Somerset House in the heart of the British capital in a bid to reach a global market. Some 27...
(News Day 10/10/14)
IT was a night of fun and of course lots of glitz and glamour at The Big Brother Africa (BBA) Hotshots launch on October 5 at The Whippet in Linden, Johannesburg, South Africa. After the unexpected burning down of the former BBA house also located in Johannesburg, viewers and audiences were naturally eager to see how this new venue would turn out and with no doubt Big Brother did not disappoint. The usual presenter, Ik Osakioduwa, popularly known as Ik,...
(The Guardian 12/30/13)
Figures compiled by the Committee to Protect Journalists show that 29 journalists were killed in Syria, 10 in Iraq and six in Egypt. At least 70 journalists were killed around the world in 2013, including 29 who died covering the civil war in Syria and 10 in Iraq, according to the Committee to Protect Journalists. The dead in Syria included a number of citizen journalists working to document combat in their home cities, broadcasters who worked with media outlets affiliated...
( 12/17/13)
BBnZ Live turned the entire Accra metropolis upside-down with the maiden edition of the Afro-Beats Festival held at the Independence Square in Accra over the weekend. An ecstatic crowd made up of over 60,000 Ghanaian music fans from all walks of life including students from all Ghanaian second cycle and tertiary institutions thronged the venue to partake in the event. The three-day Afro-Beats Festival was an all night affair which provided non-stop entertainment till the break of dawn. It kicked...
(AFP 11/09/13)
LAGOS, November 9, 2013 (AFP) - The Africa International Film Festival (AFRIFF) opens in Nigeria on Sunday and although it is still in its infancy, organisers hope that with time it can become the continent's Cannes. Seventy films from across the continent will be screened in a series of venues over seven days in the southern coastal city of Calabar, which Nigeria has tried to promote as an emerging cultural hub. "For an African film to come out in Cannes...
(CNN 09/20/13)
London (CNN) -- The girls strutting down the runway in The Savoy Hotel share many features - all are long-limbed, fine-boned and have glowing complexions. A silent army marching to the heavy music, past the front row A-listers peering out from behind their dark glasses. But one girl is different: the only one with black skin in a battalion of white faces. Nadja is one of the few black models lucky enough to make this year's cut for London Fashion...
(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug decorated with hieroglyphs and piles of letters from admirers and acolytes. Yosef Alfredo Antonio Ben-Jochannan seemed unaware of the shrine that had accumulated around him. His eyes were barely open. He sat hunched in his wheelchair, dressed in baggy pants,...
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Voice of America 03/24/15)
The U.N. Food and Agriculture Organization said farmers in Central African Republic are in urgent need of seeds and tools. Several years of conflict and violence have disrupted agriculture and created widespread food insecurity. The FAO has made an urgent appeal for more than six million dollars to help rebuild the agricultural sector. The planting season begins next month in Central African Republic. The rains have started and the soil is rich and plentiful – perfect conditions to produce a...
(Voice of America 03/23/15)
YAOUNDE— Cameroon says suspected rebels from the Central African Republic have kidnapped 16 people from its territory, including influential local politicians, clergy and businessmen. Although the government says no group has claimed responsibility, it is widely speculated that supporters of rebel leader Abdoulaye Meskine are pressing for his release and that of his fighters who have been arrested and detained in Cameroon. Governor Samuel Dieudonne Ivaha Diboua of Cameroon's eastern region that shares a boundary with the troubled Central African Republic, says the 16 people including four women were attacked by at least 30 heavily armed men in Babio on March 19.
(Bloomberg 03/21/15)
(Bloomberg) -- Barclays Plc has started lending to diamond dealers as the British bank seeks to expand in southern Africa, according to people familiar with the situation. The U.K.-based bank is financing buyers of rough stones in Botswana and South Africa, the people said, asking not to be identified as the move hasn’t been made public. Barclays customers include buyers of gems from the Botswana government, the biggest producing country, two of the people said. Barclays Chief Executive Officer Antony...
(Voice of America 03/20/15)
The International Food Policy Research Institute has released its Global Food Policy Report. IFPRI Director- General Shenggen Fan listed some of the accomplishments of last year. “We have achieved some progress. For example, we paid more attention to nutrition. We also think water, hygiene are very important in solving children’s under nutrition. We have also seen new commitments on trade and climate change – and [a] focus on family farming. The year 2014 was a year of family farming. So...
(Bloomberg 03/19/15)
(Bloomberg) -- James Wilde has climbed the tallest peaks on every continent, including Mount Everest. Now he’s drilling in Uganda for water to aid refugees fleeing South Sudan’s conflict. Global H20 was founded by Wilde after he caught dysentery from contaminated water on Tibet’s Mount Cho Oyu in 2009. Since then, the charity has won contracts to drill wells and dig latrines for refugee camps accommodating some 80,000 who escaped from South Sudan. A new Angola chapter kicks off operations...
(The New York Times 03/18/15)
NDJAMENA, Chad — Deep in the Sahara, late at night, a Reaper drone silently tracked a six-vehicle convoy crossing the desert into Niger from Libya. Minutes later, French attack planes and helicopter gunships swooped down on the convoy of Qaeda-backed fighters, turning the militant caravan into smoldering wreckage. The raid last October by French combat aircraft and commandos killed or captured 15 Islamist fighters, and recovered nearly three tons of weapons, including Russian-designed SA-7 shoulder-fired missiles and several hundred anti-tank rockets, all bound for guerrilla operations in Mali, French officials said.
(Forbes 03/18/15)
“There is always space for you to play, but approach it with diligence,” - Strive Masiyiwa, founder & Chairman, Econet Wireless Group. According to a research report published by Canadean, total consumption of non-alcoholic beverages in Africa in 2013 was 51,559 million liters (13,473 million gallons). Applying a multiplier to that consumption volume; average price of $1.06 per liter (combination of on and off trade sales values), the value of the non-alcoholic beverage industry in Africa was estimated at $54.6...
(Voice of America 03/14/15)
ABUJA—Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. But for the currency hawkers hanging around outside Abuja's Sheraton hotel, business has seldom been so good as wealthy Nigerians turn to the black market - sometimes changing up to $200,000 at a time - to dodge increasingly onerous FX regulations. In other African crude producers such as Angola and South Sudan, the sharp...
(Bloomberg 03/11/15)
(Bloomberg) -- The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies. The agency opened offices in Angola, Ethiopia, Mozambique and Tanzania in the past 12 months and is planning its biggest-ever trade mission to sub-Saharan Africa in September, Donald Nay, a regional senior commercial officer, said in an e-mailed response to questions. U.S. companies have faced increasing competition from China in Africa over the past decade as the Asian nation targeted the continent for oil and other mineral resources.
(The Wall Street Journal 03/11/15)
The latest progress report on African aviation safety features surprisingly good and bad news: jetliner losses dropped precipitously in 2014, but the rate of major turboprop crashes exceeded every other region. Globally, commercial jet safety in 2014 was the best ever, according to data released this week by the leading airline trade group. There was one serious jetliner accident for every 4.4 million flights last year, which the International Air Transport Association said was a historic low—and significantly improved from...
(BBC News Africa 03/10/15)
Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years. While north African countries such as Morocco, Algeria and Egypt receive the most, east African countries are particularly dependent on remittances. The average per migrant is almost $1,200, representing 5% of GDP on a country-by-country average. Yet the cost of sending this money is high. The Overseas Development Institute (ODI) reports Africans...
(Voice of America 03/09/15)
World Wildlife Day is celebrated annually on March 3. While it is a day to celebrate wildlife, this year international organizations and governments are calling attention to the devastating affects poaching has had on the world’s animal species. The theme is “It’s time to get serious about wildlife crime.” The African Wildlife Foundation has released a downloadable infographic which reveals the scale of what it says is a multi-billion dollar illegal wildlife trade and its impact on many of Africa’s species.
(The Wall Street Journal 03/07/15)
Standard Bank Group Ltd., Africa’s biggest lender by assets, recorded a 12% rise in net profit in 2014 as it continued to dispose of business outside the continent. The Johannesburg-based bank said net profit rose to 15.93 billion South African rand ($1.35 billion) from 14.26 billion rand in 2013, on a 1% rise in group headline earnings to 17.32 billion rand in the year ended Dec. 31. Noninterest revenue climbed 14% from 2013 to 39 billion rand. Shares in the...
(Bloomberg 03/05/15)
(Bloomberg) -- Standard Bank Group Ltd. gained the most in six years in Johannesburg trading after it reported profit boosted by expansion in Africa, lower bad debts and curbs on costs. Standard Bank rose as much as 6.6 percent, the biggest intraday advance since April 2009. Full-year net income climbed to 17.9 billion rand ($1.52 billion) from 16.2 billion rand a year earlier, the bank said in a statement on Thursday.
(BBC News Africa 03/05/15)
The effort to build a synchrotron in Africa is gaining momentum, its leading proponent has told a US conference. Prof Herman Winick said a key meeting of scientists and officials has been scheduled for November. A synchrotron is a big accelerator that produces powerful X-rays for research; apart from Antarctica, Africa remains the only continent without one. The effort will be modelled on a Middle East synchrotron which resulted from a landmark international collaboration. Prof Winick, an eminent physicist from...
(Bloomberg 02/27/15)
Former Central African Republic leader Michel Djotodia declined to run for president in elections scheduled to take place in August, according to an official mediating the nation’s two-year conflict. “He agreed not to stand,” Albino Aboug, a special envoy for Republic of Congo President Denis Sassou-Nguesso who is leading international efforts to end fighting in the country, said in an interview Wednesday in the Kenyan capital, Nairobi. The Central African Republic has been gripped by lawlessness since Seleka, an alliance...

Pages