RDC | Africatime
Tuesday 28 March 2017

RDC

(AFP (eng) 03/28/17)
Congolese national police accused rebels Monday of massacring 39 of their officers in the violence-wracked Kasai region. The victims were killed in an "ambush" early Friday and buried in a mass grave by supporters of late militia leader Kamwina Nsapu around 75 kilometres north of Tshikapa, in the Democratic Republic of Congo's central Kasai region, a police spokesman said. The 39 massacred police officers had been travelling in two army transport trucks "with a substantial cargo" of material and law enforcement equipment, which their attackers hijacked, spokesman Colonel Pierre-Rombaut Mwanamputu added
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the World Health Organization Michel Zaffran...
(Xinhuanet 03/27/17)
There is need for China and its African allies to kick start a new dialogue aimed at revitalizing wildlife and ecological conservation in the world's second largest continent, a conservationist has told Xinhua in an interview. Kaddu Sebunya, president of African Wildlife Foundation (AWF), told Xinhua that Beijing is an indispensable partner in efforts to protect Africa's iconic wildlife species that are grappling with human and climatic induced threats to their survival. "China is playing a big role in Africa's...
(AFP (eng) 03/24/17)
The International Criminal Court Friday ordered 297 victims of ex-Congolese warlord Germain Katanga to each be paid "a symbolic" $250 in damages for a brutal 2003 attack on their village, in the tribunal's first such award. Awarding both individual and collective damages, the court also found that Katanga was liable for one million dollars of the total damages estimated at $3.7 million (3.4 million euros). Katanga was sentenced by the ICC to 12 years in jail in 2014, after being...
(AFP (eng) 03/24/17)
Judges at the International Criminal Court are expected on Friday to unveil the first compensation awards to victims of war crimes, with lawyers estimating a 2003 attack on a Congolese village caused $16.4 million in damage. Friday's order for reparations for 304 victims of former Congolese warlord Germain Katanga is set to be a landmark step for the tribunal, set up in 2002 to prosecute the world's worst crimes. Katanga was sentenced by the ICC to 12 years in jail...
(Xinhuanet 03/24/17)
A group of non-government organizations (NGOs) on Friday called on African leaders to find practical solutions to protect and assist Somali refugees and asylum seekers facing ongoing conflict and a humanitarian crisis in Somalia. In a joint statement issued on the eve of the regional summit on refugees, members of the Regional Durable Solutions Secretariat (ReDSS), Somalia NGO Consortium and the Inter-agency Working Group (IAWG) expressed hope that the leaders will take practical steps towards the development and implementation of...
(Voice of America 03/23/17)
Judges at the International Criminal Court Wednesday sentenced former Congolese vice president Jean-Pierre Bemba to an additional year in prison and fined him $324,000 for bribing witnesses during his earlier trial on war crimes. Four other members of Bemba's legal team also were sentenced by The Hague-based court. They were found guilty back in October of bribing and otherwise influencing 14 defense witnesses to try to tilt the outcome of the first trial, which led to a March 2016 conviction...
(APA 03/23/17)
The French coach of TP Mazembe, Thierry Froger, has been sacked by the management of the Congolese club, a month into his contract. The two parties agreed to an amicable settlement of the February 13 -December 31 contract after the French technician failed to qualify the club to the next round of the African Champions League. TP Mazembe were eliminated in the last-32 stage of the competition by Zimbabwe side Caps United. The Lubumbashi club dropped into CAF’s second tier...
(Reuters (Eng) 03/23/17)
N'DJAMENA French far-right presidential candidate Marine Le Pen pledged on Wednesday to break with her country's decades-old relationship with Africa known as "Francafrique" and abolish the CFA franc currency policy that binds Paris and its former colonies. Francafrique describes an informal web of relationships Paris has maintained with its former African colonies and its support, sometimes in the form of military backing, for politicians who favor French business interests. Le Pen, one of the frontrunners in the presidential election, spoke...
(AFP (eng) 03/22/17)
Former Congolese vice president Jean-Pierre Bemba and four associates will be sentenced Wednesday for bribing witnesses during his war crimes trial, in the first such case before the International Criminal Court. Hoping it will serve as a deterrent, prosecutors have asked for an eight-year sentence against Bemba, already serving an 18 year-term behind bars for crimes committed by his marauding troops in the Central African Republic in 2002 to 2003. "The type of sentence, whether heavy or light, will send...
(AFP (eng) 03/21/17)
France's ambassador to the United Nations warned Tuesday that drastic cuts to the UN peacekeeping mission in the Democratic Republic of Congo would be tantamount to "playing with fire" as the country faces election turmoil. France has circulated a draft resolution to renew the mandate of the UN peacekeeping mission, but is facing scrutiny from the United States which is seeking cuts to UN peace operations. "The DRC is at a crossroads," Ambassador Francois Delattre told reporters ahead of a...
(AFP (eng) 03/21/17)
Multiple CAF title winners TP Mazembe of the Democratic Republic of Congo and JS Kabylie of Algeria were paired Tuesday in the CAF Confederation Cup play-offs draw. Mazembe won the African equivalent of the Europa League last season, comfortably defeating another Algerian club, Mouloudia Bejaia, in the final. The Congolose club from southern city Lubumbashi are the second most successful in CAF competitions with 10 titles, nine less than Al Ahly of Egypt. Kabylie have won six African titles, and...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(Reuters (Eng) 03/20/17)
The increasingly brutal nature of fighting in central Congo between the army and local militia is on vivid display in the village of Tshienke, where the bodies of rebel fighters were dumped into a mass grave last month following intense clashes. A visit to this site this month was the first time that journalists including Reuters have been able to see the toll that the Congolese military has exacted on fighters of the Kamuina Nsapu militia, whose insurgency poses the most serious threat to the rule of President Joseph Kabila. Reuters was unable to determine the exact number of bodies in eight mass graves dug in January
(AFP (eng) 03/20/17)
Democratic Republic of Congo club TP Mazembe were the major casualties of the CAF Champions League last-32 stage that was completed at the weekend. The five-time African champions from mining hub Lubumbashi could only draw 0-0 with CAPS United of Zimbabwe in Harare and lost the tie on away goals. CAPS caused a first leg shock the previous weekend by drawing 1-1 in the DR Congo after taking a 45-second lead. It is the first time in 14 attempts since...
(Bloomberg 03/20/17)
The Democratic Republic of Congo warned that proposals by the Trump administration to rollback laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will jeopardize the stability and security of the DRC” by encouraging an “escalation in the activities of non-state armed groups,” Mines Minister Martin Kabwelulu said in a letter to the Securities and Exchange Commission dated March...
(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years,...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...

Pages

(AFP (eng) 03/28/17)
Congolese national police accused rebels Monday of massacring 39 of their officers in the violence-wracked Kasai region. The victims were killed in an "ambush" early Friday and buried in a mass grave by supporters of late militia leader Kamwina Nsapu around 75 kilometres north of Tshikapa, in the Democratic Republic of Congo's central Kasai region, a police spokesman said. The 39 massacred police officers had been travelling in two army transport trucks "with a substantial cargo" of material and law enforcement equipment, which their attackers hijacked, spokesman Colonel Pierre-Rombaut Mwanamputu added
(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the World Health Organization Michel Zaffran...
(Xinhuanet 03/27/17)
There is need for China and its African allies to kick start a new dialogue aimed at revitalizing wildlife and ecological conservation in the world's second largest continent, a conservationist has told Xinhua in an interview. Kaddu Sebunya, president of African Wildlife Foundation (AWF), told Xinhua that Beijing is an indispensable partner in efforts to protect Africa's iconic wildlife species that are grappling with human and climatic induced threats to their survival. "China is playing a big role in Africa's...
(AFP (eng) 03/24/17)
The International Criminal Court Friday ordered 297 victims of ex-Congolese warlord Germain Katanga to each be paid "a symbolic" $250 in damages for a brutal 2003 attack on their village, in the tribunal's first such award. Awarding both individual and collective damages, the court also found that Katanga was liable for one million dollars of the total damages estimated at $3.7 million (3.4 million euros). Katanga was sentenced by the ICC to 12 years in jail in 2014, after being...
(AFP (eng) 03/24/17)
Judges at the International Criminal Court are expected on Friday to unveil the first compensation awards to victims of war crimes, with lawyers estimating a 2003 attack on a Congolese village caused $16.4 million in damage. Friday's order for reparations for 304 victims of former Congolese warlord Germain Katanga is set to be a landmark step for the tribunal, set up in 2002 to prosecute the world's worst crimes. Katanga was sentenced by the ICC to 12 years in jail...
(Xinhuanet 03/24/17)
A group of non-government organizations (NGOs) on Friday called on African leaders to find practical solutions to protect and assist Somali refugees and asylum seekers facing ongoing conflict and a humanitarian crisis in Somalia. In a joint statement issued on the eve of the regional summit on refugees, members of the Regional Durable Solutions Secretariat (ReDSS), Somalia NGO Consortium and the Inter-agency Working Group (IAWG) expressed hope that the leaders will take practical steps towards the development and implementation of...
(Voice of America 03/23/17)
Judges at the International Criminal Court Wednesday sentenced former Congolese vice president Jean-Pierre Bemba to an additional year in prison and fined him $324,000 for bribing witnesses during his earlier trial on war crimes. Four other members of Bemba's legal team also were sentenced by The Hague-based court. They were found guilty back in October of bribing and otherwise influencing 14 defense witnesses to try to tilt the outcome of the first trial, which led to a March 2016 conviction...
(AFP (eng) 03/22/17)
Former Congolese vice president Jean-Pierre Bemba and four associates will be sentenced Wednesday for bribing witnesses during his war crimes trial, in the first such case before the International Criminal Court. Hoping it will serve as a deterrent, prosecutors have asked for an eight-year sentence against Bemba, already serving an 18 year-term behind bars for crimes committed by his marauding troops in the Central African Republic in 2002 to 2003. "The type of sentence, whether heavy or light, will send...
(AFP (eng) 03/21/17)
France's ambassador to the United Nations warned Tuesday that drastic cuts to the UN peacekeeping mission in the Democratic Republic of Congo would be tantamount to "playing with fire" as the country faces election turmoil. France has circulated a draft resolution to renew the mandate of the UN peacekeeping mission, but is facing scrutiny from the United States which is seeking cuts to UN peace operations. "The DRC is at a crossroads," Ambassador Francois Delattre told reporters ahead of a...
(AFP (eng) 03/21/17)
Under a cloudless sky in South Africa's northwestern farming region, donkeys still amble along muddy paths, pausing to nibble on grass, oblivious to the threat from a demand for Chinese medicine. The gelatin found in the animals' skin has made them a target, leading to a growing wave of donkey slaughtering in several African countries, as gangs seek to fuel a lucrative, and in South Africa illegal, trade. Animal rights groups say the docile beasts of burden are often cruelly...
(Reuters (Eng) 03/20/17)
The increasingly brutal nature of fighting in central Congo between the army and local militia is on vivid display in the village of Tshienke, where the bodies of rebel fighters were dumped into a mass grave last month following intense clashes. A visit to this site this month was the first time that journalists including Reuters have been able to see the toll that the Congolese military has exacted on fighters of the Kamuina Nsapu militia, whose insurgency poses the most serious threat to the rule of President Joseph Kabila. Reuters was unable to determine the exact number of bodies in eight mass graves dug in January
(Bloomberg 03/20/17)
The Democratic Republic of Congo warned that proposals by the Trump administration to rollback laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will jeopardize the stability and security of the DRC” by encouraging an “escalation in the activities of non-state armed groups,” Mines Minister Martin Kabwelulu said in a letter to the Securities and Exchange Commission dated March...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(Xinhuanet 03/16/17)
China's aid to the education sector in Africa is helping boost teacher training, a key component in skilling the population to fast track development, a UN official has said. Ann Therese Ndong-Jatta, Director of United Nations Educational, Scientific and Cultural Organization (UNESCO) Regional Office for Eastern Africa, in an interview recognized China's contribution to Africa's education sector over the years. "We value the initiative in teacher training in Uganda and other countries in Africa. This will revitalize the teaching profession,"...
(AFP (eng) 03/14/17)
Two foreign experts from the United Nations have been kidnapped in the violence-wracked central Kasai region of the Democratic Republic of Congo, UN and Congolese sources said Monday. "What we can say for now is that two members of our Group of Experts are missing and MONUSCO is looking for them," UN spokesman Farhan Haq said, referring to the UN peacekeeping mission in the troubled central African country. Haq said one of the victims was American and other Swedish-Chilean. "They were kidnapped at a bridge over the Moyo river and taken to the forest by unknown assailants," Congolese government spokesman Lambert Mende told AFP.
(Agence Ecofin 03/14/17)
The Land Policy Initiative (LPI), a joint programme of the tripartite consortium consisting of the African Union Commission (AUC), the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (ECA) has launched a pilot project to track progress in implementing in the AU Declaration on land issues in Africa. This was revealed by the ECA in a press statement dated March 7. In collaboration with the International Food Policy Research Institute (IFPRI), the project will assess progress...
(AFP (eng) 03/11/17)
UN Secretary-General Antonio Guterres on Friday asked the Security Council to send an extra 320 UN police to the Democratic Republic of Congo after a deal to end a dispute over elections stalled, raising fresh fears of violence. In a report obtained by AFP, Guterres said he was "deeply disturbed by the sharp increase in human rights violations," and argued that the new police units for the MONUSCO force would help protect civilians. Two additional units could be deployed to...
(AFP (eng) 03/10/17)
In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able to apply for a .africa domain name in the coming months, which outgoing AU commission chair Nkosazana Dlamini-Zuma said would allow the continent's people and businesses to better reach the world. "With .africa, I would say...
(Xinhuanet 03/09/17)
A critical mass of trained and well equipped community health workforce is key to easing the rising burden of infectious and noncommunicable diseases in Africa, experts said on Wednesday at a continental forum taking place in Nairobi. The experts, policymakers and campaigners who attended Africa Health Agenda International Conference agreed that optimal engagement of community health workers is key to revolutionize response to diseases ravaging the continent. Kenya's Cabinet Secretary for Health Cleopa Mailu in his opening remarks said that...
(AFP (eng) 03/08/17)
The UN's top rights official on Wednesday called for a high-level investigation into abuses committed against civilians in the violence-wracked Democratic Republic of Congo following the discovery of mass graves. Zeid Ra'ad Al Hussein praised the DR Congo government for quickly investigating the killings and other severe human rights violations in the isolated Kasai and Lomani provinces, but said a UN probe was also needed. "I commend the swift action taken by the government to begin processes of investigation and...

Pages

(Agence Ecofin 03/20/17)
At the Africa CEO Forum which opened this morning in Geneva, AFD Group – in partnership with the European Union – unveiled the “African Renewable Energy Scale-Up facility”, designed to boost private sector investment in on–grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get rejected but the others come," said Flowers, chair of the African Global Economic and Development Summit. "This year it was 100 percent. Every delegation. And it was sad to see, because these people were so disheartened." Flowers estimated that she...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(Reuters (Eng) 03/13/17)
The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced a rethink of government spending. The pace of economic growth in Asian and sub-Saharan African economies has made them ideal partners, Abdullah al-Saleh,...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(AFP (eng) 03/03/17)
International watchdog Global Witness on Friday accused Swiss-based mining corporation Glencore of paying more than $75 million to a scandal-hit Israeli businessman with close links to the Democratic Republic of Congo's President Joseph Kabila. "Between 2013 and 2016 mining giant Glencore paid over $75 million to Dan Gertler, a controversial businessman accused of bribing senior officials in Democratic Republic of Congo to advance his mining interests," Global Witness said in a statement. "These payments were due to be (made) to Congo's state mining company Gecamines under the terms of the original contract it had with Glencore," said the environmental and corruption watchdog. Instead, however, they were made to Gertler, whom
(Bloomberg 03/03/17)
Glencore Plc paid more than $100 million previously owed to the Democratic Republic of Congo’s state mining business to a company controlled by billionaire investor Dan Gertler, according to advocacy group Global Witness. It’s the first time the value of the payments made to Gertler have been made public, after London-based Global Witness reported in November that government-owned Gecamines signed over its royalties from the Kamoto copper project in southeastern Congo to Gertler in January 2015. Gertler’s privately held Fleurette Group said the payments were made on instruction from Gecamines to help repay a loan. Glencore’s Katanga Mining Ltd. made the royalty and contractual bonus
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Xinhuanet 02/22/17)
Africa Energy Indaba, the continent's premier energy event, kicked off in Johannesburg on Monday with the aim of finding solutions to the continent's energy future. The three-day conference is being attended by the governments' representatives, business and funders. The meeting seeks to unleash the continent's potential by coming up with an energy mix to develop Africa. Dr. Garth Strachan, Deputy Director General and Head of Gas Industrialization Unit in South Africa's Department of Trade and Industry said the recent discoveries...
(AFP (eng) 02/15/17)
Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy broadly available, developing renewable power sources and increasing efficiency, the inaugural Regulatory Indicators for Sustainable Energy report said. In a survey of 111 countries, the World Bank found that through 2015 nearly 80 percent had begun...
(AFP (eng) 02/14/17)
Mining giant Glencore said Monday it had struck a deal worth nearly $1 billion to purchase shares of two mines in the Democratic Republic of Congo from a controversial Israeli magnate. Switzerland-based Glencore said it will pay Israeli billionaire Dan Gertler's Fleurette group $960 million (905 million euros) for Fleurette's 31 percent share in the Mutanda mine and 10.25 percent stake in the Katanga mine. Glencore, widely regarded as a maverick in the global commodities sector, will assume full control...
(Standard Digital 02/09/17)
Hundreds of business and political personalities yesterday attended a German-African economic summit in Nairobi, where German Minister for Economic Cooperation and Development Gerd Mueller talked about his “Marshall Plan” for Africa. The plan is “with Africa, not for Africa,” Mueller (pictured) said, stressing that it would be based on cooperation between equals rather than the principles of traditional development aid. The plan, which Mueller presented to the German parliament’s development committee on Wednesday, is based on fair trade conditions, investment...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax...
(Xinhuanet 01/28/17)
The African Union (AU) has been endeavoring to ensure robust, resilient and long-lasting economic transformation of Africa through promotion of infrastructure and energy development on the continent, noted Elham Mahmood Ibrahim, AU Commissioner for Infrastructure and Energy. Speaking at a press conference Friday ahead of the 28th AU leaders' summit here, the commissioner said the pan-African bloc has scored achievements in its flagship projects and programs on the development of energy, transport as well as in the information and communication...
(Bloomberg 01/27/17)
The Democratic Republic of Congo’s state-owned Gecamines received at least $33 million to proceed with the $3.8 billion sale of one of the country’s biggest copper mines to Chinese buyers after blocking a deal for eight months. Freeport McMoran Inc. paid the settlement as its share in an agreement to resolve all claims against the sale in May of its 56 percent stake in the Tenke Fungurume copper and cobalt mine to China Molybdenum Co. The agreement was also signed...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the...
(Xinhuanet 01/26/17)
Adopting African Continental Free Trade Area (CFTA) has been named a major task for the African Union (AU) this year as the 30th session of its Executive Council opened on Wednesday. In her remarks at the opening of the meeting, Nkosazana Dlamini-Zuma, Chairperson of the AU Commission, called for member countries' commitment to meeting the first target in Agenda 2063 of commencing the CFTA by end of 2017. She underlines the need "to do what needs to be done on...
(Cnbc Africa 01/24/17)
While Brexit and the U.S. election dominated headlines in 2016, the African continent witnessed major changes of its own. Its two largest economies were destabilized, with Nigeria being driven into recession and the South African political elite grappling for power. Conflict continued to make news, with the continuation of people trafficking across the Mediterranean and violence in South Sudan bubbling over. Macroeconomic concerns Growth in Sub-Saharan Africa fell to 1.5 percent in 2016 according to the World Bank, which deemed...
(Bloomberg 01/17/17)
The Congolese government has dropped objections to Freeport-McMoRan Inc. and Lundin Mining Corp.’s $3.8 billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute. Minister of Mines Martin Kabwelulu said by text messages that he had written to all parties acknowledging agreements reached by state-owned miner Gecamines to settle objections to the sales and indicating the state had no further opposition. New terms between the parties will allow Freeport and...
(Bloomberg 01/06/17)
Glencore Plc, the commodities trader and miner headed by billionaire Ivan Glasenberg, is considering increasing its stake in the Mutanda copper mine in the Democratic Republic of Congo. The Swiss firm, which already owns 69 percent of the mine, will make a further announcement if appropriate, it said in a statement Thursday, without elaborating. Israeli billionaire Dan Gertler’s Fleurette Group owns the rest of Mutanda. A spokesman for Fleurette Group declined to comment. Glencore last year completed a debt reduction...

Pages

(APA 03/23/17)
The French coach of TP Mazembe, Thierry Froger, has been sacked by the management of the Congolese club, a month into his contract. The two parties agreed to an amicable settlement of the February 13 -December 31 contract after the French technician failed to qualify the club to the next round of the African Champions League. TP Mazembe were eliminated in the last-32 stage of the competition by Zimbabwe side Caps United. The Lubumbashi club dropped into CAF’s second tier Confederation Cup and are set for a play-off with Algerian outfit Jeunesse Sportive of Kabylie. TP Mazembe won the last edition of the Confederation Cup. Thierry Froger, a former coach of French sides Reims, Lille...
(AFP (eng) 03/21/17)
Zambia-based trio Jesse Were, David Owino and Anthony Okumu have been called up to the Kenyan squad for upcoming international friendlies against Uganda and DR Congo. Were and Owino were on target for Zesco United when they scored two vital second-half goals against Burundian side, Le Messager de Ngozi in Bujumbura last Saturday, to send the former Zambian league champions into CAF Confederation Cup semi-finals. The trio are among nine foreign-based players head coach Stanley Okumbi has called up as he puts his eight-match unbeaten record under the radar against two strong sides that competed in the 2017 African Cup of Nations finals in Gabon in January. They play Uganda on Thursday and DR Congo three days later. Both matches...
(AFP (eng) 03/21/17)
Multiple CAF title winners TP Mazembe of the Democratic Republic of Congo and JS Kabylie of Algeria were paired Tuesday in the CAF Confederation Cup play-offs draw. Mazembe won the African equivalent of the Europa League last season, comfortably defeating another Algerian club, Mouloudia Bejaia, in the final. The Congolose club from southern city Lubumbashi are the second most successful in CAF competitions with 10 titles, nine less than Al Ahly of Egypt. Kabylie have won six African titles, and...
(AFP (eng) 03/20/17)
Democratic Republic of Congo club TP Mazembe were the major casualties of the CAF Champions League last-32 stage that was completed at the weekend. The five-time African champions from mining hub Lubumbashi could only draw 0-0 with CAPS United of Zimbabwe in Harare and lost the tie on away goals. CAPS caused a first leg shock the previous weekend by drawing 1-1 in the DR Congo after taking a 45-second lead. It is the first time in 14 attempts since...
(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) 03/13/17)
African club giants TP Mazembe of the Democratic Republic of Congo stumbled at their first CAF Champions League hurdle Sunday when held 1-1 by CAPS United of Zimbabwe. Abbas Amidu put the visitors ahead inside a minute in southeastern mining city Lubumbashi and Zambian Rainford Kalaba levelled soon after. Intense pressure from the winners of 10 CAF titles failed to produce any more goals and they face the grim prospect of a second successive early Champions League exit. After winning...
(AFP (eng) 03/01/17)
Hull's DR Congo striker Dieumerci Mbokani will be sidelined for six weeks after suffering a hamstring injury, dealing a blow to their hopes of staying in the Premier League. Mbokani will miss a significant chunk of Hull's battle for survival after being forced off in the second half of Saturday's 1-1 draw with Burnley. "Dieumerci Mbokani is set to be out for six weeks after suffering a hamstring injury," Hull's website said. Mbokani has yet to score in 12 appearances...
(AL Jazeera 02/16/17)
Against the backdrop of a brutal civil war, millions of Congolese turn to football to cope with the conflict. The decades-long civil war in the Democratic Republic of Congo (DRC) divided communities that had previously coexisted peacefully. But millions of young Congolese still have a lot in common, particularly their love for football. Football is the most popular sport in the DRC and at the grassroots-level interest in it keeps growing. The sport brings together children from different ethnic and...
(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) 01/31/17)
They may be out of the tournament, but the Democratic Republic of Congo's footballers will be forever remembered by Africa Cup of Nations fans for their dance moves on the pitch. DR Congo players danced the "Fimbu" seven times at the CAN 2017 tournament in Gabon -- once for each goal scored -- as their supporters in the stands cheered with delight. After each goal, the players would gather side by side, hold their left arm up and wave their...
(AFP (eng) 01/30/17)
Mahmoud Kahraba's late goal allowed Egypt to beat Herve Renard's Morocco in the Africa Cup of Nations quarter-finals on Sunday as they joined Ghana in completing the line-up for the last four. Kahraba came off the bench in the second half in Port-Gentil and stabbed home from inside the six-yard box in the 88th minute, just as extra time looked inevitable. The dramatic finish came after the Ayew brothers, Jordan and Andre, both scored to give Ghana a 2-1 win...
(AFP (eng) 01/25/17)
Junior Kabananga set DR Congo on their way to a comfortable 3-1 win against Togo in Port-Gentil on Tuesday to clinch an Africa Cup of Nations quarter-finals spot. Kabananga's opener came just before the half-hour mark and Neeskens Kebano ran through to increase the lead in the 54th minute. Kodjo Fo-Doh Laba pulled one back for Togo but a Paul-Jose Mpoku free-kick with 10 minutes left completed the scoring as an impressive Congolese side secured first place in Group C...
(AFP (eng) 01/20/17)
Defending champions the Ivory Coast had to come from behind twice to draw 2-2 with the Democratic Republic of Congo Friday in a lively Africa Cup of Nations clash. The result in northern Gabonese town Oyem kept the Congolese top of Group C with four points from two matches followed by the Ivorians with two. Togo have one point and Morocco, their opponents later Friday in the second match of a double-header, are pointless. Neeskens Kebano and Junior Kabananga scored...
(AFP (eng) 01/17/17)
Junior Kabananga scored to give the Democratic Republic of Congo an upset 1-0 win over Morocco Monday in an Africa Cup of Nations Group C match in Gabonese town Oyem. Victory took the Congolese Leopards to the top of the table after defending champions the Ivory Coast were held 0-0 by Togo in the first half of a dobule-header. Kazakhstan-based midfielder Kabananga pounced on a mistake by goalkeeper Munir Mohamedi to score from close range 10 minutes into the second half.
(AFP (eng) 01/14/17)
Democratic Republic of Congo players have refused to train ahead of their opening Africa Cup of Nations match against Morocco in a dispute over pay. Norwich City midfielder Yousuf Mulumbu, the DR Congo captain, said the squad boycotted Friday training in a dispute over match bonuses. "It has been the same for years and years. We prepare well for our matches and in the end there is always a problem over bonuses," he said on Twitter. "Having said that, on...
(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...
(AFP (eng) 12/14/16)
The Democratic Republic of Congo has suspended its top-flight football league for one month over fears of match violence, the sports minister said Wednesday, amid high political tensions. "The suspension of the national football championship from December 15 to January 14 (is justified by fears of) pitch invasions (or) stone throwing" during the match, Youth and Sports Minister Denis Kambayi told AFP, warning of "provocation". "The clubs' leaders seem to be overwhelmed by the task of controlling supporters," he added,...
(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...
(AFP (eng) 11/05/16)
Leading scorer and captain Rainford Kalaba could be a key figure when Democratic Republic of Congo club TP Mazembe seek a first CAF Confederation Cup title Sunday. The star-studded Lubumbashi 'Ravens' are favoured after forcing a 1-1 draw at star-less Mouloudia Bejaia of Algeria last weekend in the first leg of the final. Overall success will make Mazembe the second most successful club in CAF competitions with 10 triumphs. Al Ahly of Egypt boast 19 titles. Bejaia, promoted to top-flight...

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(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 the West, criticism of the International Monetary Fund and World Bank, and pride in being African. One of 20 feature-length movies on show at the Panafrican Film and Television Festival (Fespaco) in Burkina Faso's capital...
(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 by customs officers, thieves, murderers and rapists. The film -- the first feature-length film to show at the festival -- deals with "the bravery of women," Traore told AFP at the festival in the Burkinabe capital Ouagadougou. "There is a...
(AFP (eng) 12/28/16)
In DR Congo's war-infested Great Lakes region, carpenter-turned-sculptor Sauveur Mulwana has left a trail of monumental statues over the past decade as part of his self-styled mission to revive local history and boost peace. The 42-year-old moved back home to Butembo, a teeming city of more than a million near the borders of Uganda, Rwanda and Uganda, when his carpentry business was razed by the eruption of the Nyiragongo volcano in the city of Goma. Butembo is home to the...
(AFP (eng) 11/16/16)
A public television broadcast journalist was shot dead at his home on Monday night in Mbuji-Mayi, in the central province of the Democratic Republic of Congo. The president of the National Union Of the Congo Journalists (UNPC), Joseph Boucard Kasonga Tshilunde confirmed the death of Marcel Lubala of the RTNC (National Radio and Television of Congo) on Wednesday. “We condemn the death of Marcel Lubala of the RTNC who was coldly slain on Monday night while he was sleeping peacefully...
(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...
(AFP (eng) 07/26/16)
Star Congolese rumba singer Koffi Olomide, who was expelled from Kenya at the weekend after allegedly kicking one of his dancers, was arrested Tuesday at his home in Kinshasa, police said. The city's police chief, General Celestin Kanyama, told AFP he had been arrested early in the morning on "a warrant from the prosecutor who wants to interrogate him". Neither Kanyama nor judicial sources explained why prosecutors sought his arrest. The 60-year-old entertainer, who has recorded 26 albums, was thrown...
(International Business Times 07/26/16)
Rumba star deported by Kenyan authorities after allegedly kicking female dancer on tour. One of Africa's biggest musicians, Koffi Olomide, has been arrested at his residence in the Democratic Republic of Congo's capital Kinshasa. The Congolese rumba star was deported by Kenyan authorities on Saturday (23 July) after he allegedly assaulted one of his female dancers in the country where he had planned a concert. The musician, who has a previous conviction for assault in 2012, denied the allegations after...
(AFP (eng) 07/25/16)
Zambian authorities said on Sunday they had called off a planned show by Congolese singer Koffi Olomide following his deportation from Kenya for kicking one of his female dancers. Olomide was scheduled to perform at the annual agricultural trade show in Lusaka this week. "Following the reported unfortunate incident in Kenya concerning Koffi Olomide, the Agricultural and Commercial Show Society of Zambia has decided to cancel his performance during this year’s show," Ben Shoko, head of the society said in...
(AfricaNews 07/25/16)
After his arrest and subsequent deportation from Kenya after kicking his female dancer, Koffi Olomide’s fate has rippled to Zambia where his performance at an agricultural show was canceled by organisers on Sunday. The Agricultural and Commercial Society of Zambia in a statement on Sunday decided to cancel the famous Congolese’s performance at it’s 90th show next week. “Following the reported unfortunate incidence in Kenya concerning Koffi Olomide, the Agricultural and Commercial Society of Zambia has decided to cancel his...
(AFP (eng) 07/24/16)
Kenyan authorities have expelled Congolese singer Koffi Olomide, a day after he was arrested for kicking one of his female dancers, his lawyer said Saturday. "I can confirm to you that my client Koffi Olomide was expelled this morning and I have just spoken to him," Olomide's Kenyan lawyer George Wajakoyah said, adding he had landed back in Kinshasa. The rumba singer, hugely popular across Africa, had Friday been caught on camera kicking out violently at a dancer in full...
(The Star 07/22/16)
Congolese Rumba maestro Koffi Olomide was on Friday captured on a video assaulting a female dancer when he arrived at the JKIA. Olomide who is in Nairobi for Bomas of Kenya concert, was seen attacking the dancer even kicking her as police watched. The female dancer is part of the six people who have accompanied him to Kenya for the concert. According to reports, the dancer is said to have had an altercation Koffi's wife Cindy. The musician was calmed...
(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...
(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...
(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...
(BBC News Africa 04/25/16)
The influential Congolese musician Papa Wemba has died aged 66 after collapsing during a concert. Video from the show in Ivory Coast showed him slumped on stage behind a group of dancers, before they rushed to his aid. His pioneering blend of African, Cuban and Western sounds became one of Africa's most popular music styles. Wemba also toured around the world, and recorded with British artist Peter Gabriel. "I would put him in the same bracket as Fela Kuti when...
(Voice of America 04/25/16)
Papa Wemba, one of Africa's greatest musicians and known around the world as the king of Congolese rumba, died early Sunday after collapsing on stage at a music festival in the Ivory Coast, officials said. He was 66. Papa Wemba had performed three songs at the Urban Musical Festival Anoumabo (FEMUA) in Abidjan before collapsing in front of thousands of fans, organizers said. Fellow performers rushed to his aid, but he died before reaching the hospital, officials said. The cause...
(AFP (eng) 04/24/16)
Papa Wemba, one of Africa's greatest music stars, has died after collapsing on stage during a festival in the Ivory Coast, the concert organisers said Sunday. Papa Wemba, who was known as the "king of Congolese rumba" for helping to bring the highly popular sound to an international audience, was 66. The flamboyant singer died after performing three songs at the Urban Musical Festival Anoumabo (FEMUA) in Abidjan, the organisers said on their website. Papa Wemba, who was born in...

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(Voice of America 03/28/17)
The World Health Organization and U.N. children's fund are spearheading a massive immunization campaign across Africa to rid the continent of the last vestiges of polio. Tens of thousands of health workers will fan out across 13 central and western African countries to vaccinate more than 116 million children under age five against the crippling disease. The U.N. agencies report more than 190,000 volunteers, traveling on foot or bicycle, will go house to house across all cities, towns, and villages in 13 countries to vaccinate every child under age five against polio. The synchronized vaccination campaign, one of the largest ever conducted in Africa, will run from March 25-28. Director of Polio Eradication at the...
(Voice of America 03/23/17)
Judges at the International Criminal Court Wednesday sentenced former Congolese vice president Jean-Pierre Bemba to an additional year in prison and fined him $324,000 for bribing witnesses during his earlier trial on war crimes. Four other members of Bemba's legal team also were sentenced by The Hague-based court. They were found guilty back in October of bribing and otherwise influencing 14 defense witnesses to try to tilt the outcome of the first trial, which led to a March 2016 conviction for war crimes and crimes against humanity. This was the ICC's first case dealing with witness tampering. Bemba's lawyer, Aime Kilolo, was given a two-and-a-half-year suspended sentence as well as a $32,000 fine for his involvement. Bemba is currently serving...
(Bloomberg 03/20/17)
The Democratic Republic of Congo warned that proposals by the Trump administration to rollback laws on so-called conflict minerals from central Africa risks stoking violence by armed groups in the region. The suspension of Section 1502 of the Dodd-Frank Act “in the long run, will jeopardize the stability and security of the DRC” by encouraging an “escalation in the activities of non-state armed groups,” Mines Minister Martin Kabwelulu said in a letter to the Securities and Exchange Commission dated March...
(Voice of America 03/18/17)
Each year, the University of Southern California hosts the African Global Economic and Development Summit, bringing delegations from Africa to meet with business leaders, government officials and others in the U.S. But this year, the African summit has no Africans. All were denied visas. Visa issues are not uncommon for people traveling from African nations. During her prior three summits, Mary Flowers saw a high percentage of her attendees unable to attain visas. "Usually we get 40 percent that get...
(Voice of America 03/17/17)
One of the enduring legacies of the Barack Obama presidency will be the relationship built between the United States and young Africans. As part of Obama’s Young African Leaders Initiative (YALI), each year 1,000 young people from sub-Saharan Africa travel to the United States to spend six weeks at a U.S. college or university. The program will continue this summer. But building enduring relationships is a two-way street, and many in Africa want to see Americans coming to their continent...
(The Wall Street Journal 03/15/17)
Ndalo Media founder Khanyi Dhlomo and Mara Group founder Ashish Thakkar on where the potential is and what’s blocking it How is innovation in Africa different from innovation in Silicon Valley? And how can innovation in Africa be encouraged? Dan Keeler, frontier-markets editor of The Wall Street Journal, discussed those questions with Khanyi Dhlomo, founder and chief executive of Ndalo Media, a publisher based in South Africa, and Ashish Thakkar, founder of Mara Group, a pan-African investment group with operations...
(The Independent 03/06/17)
Th term was coined by sceptical officials, worried about the importance given to Commonwealth trade deals ahead of Brexit negotiations. Plans by government ministers to boost trade links with African Commonwealth countries are being internally branded “empire 2.0” by sceptical officials who are worried about the importance being placed on such deals ahead of the UK’s negotiations of leaving the European Union (EU). International Trade Secretary Liam Fox is expected to promise to build better links with the whole of...
(Bloomberg 03/03/17)
Glencore Plc paid more than $100 million previously owed to the Democratic Republic of Congo’s state mining business to a company controlled by billionaire investor Dan Gertler, according to advocacy group Global Witness. It’s the first time the value of the payments made to Gertler have been made public, after London-based Global Witness reported in November that government-owned Gecamines signed over its royalties from the Kamoto copper project in southeastern Congo to Gertler in January 2015. Gertler’s privately held Fleurette Group said the payments were made on instruction from Gecamines to help repay a loan. Glencore’s Katanga Mining Ltd. made the royalty and contractual bonus
(Bloomberg 03/03/17)
Polar Star Management Ltd., which runs one of the best-performing African and Middle East hedge fund over the past five years, plans to start a private-equity unit that will invest in agriculture to exploit rising demand for food. The Cape Town-based firm plans to use its own money to buy small farms and processing companies in South Africa this year, then increase efficiency through consolidation and better management, said Murray Derksen, a director at Polar Star. It aims to raise...
(Bloomberg 02/21/17)
Ashish Thakkar, who co-founded Africa banking conglomerate Atlas Mara Ltd. with ex-Barclays Plc head Bob Diamond, lost a ruling over the ownership of family assets in a London divorce case, with a judge questioning Thakkar’s truthfulness. Judge Philip Moor ruled that Thakkar, and not his mother and sister, was the owner of disputed assets in the divorce. He found that the 35-year-old owned 100 percent of Mara Group Holdings Ltd. and other corporate entities. The result will have ramifications in...
(Voice of America 02/17/17)
The budget minister of the Democratic Republic of Congo has cast doubt on whether the country will be able to finance elections this year. His statement has sparked concern as delaying the polls last year led to violent unrest. DRC Budget Minister Pierre Kangudia gave reporters the news Wednesday. He said it will not be possible to disburse $1.8 billion from this year’s budget to organize elections in 2017. That hardly comes as a surprise. Total government spending for 2017...
(AL Jazeera 02/16/17)
Against the backdrop of a brutal civil war, millions of Congolese turn to football to cope with the conflict. The decades-long civil war in the Democratic Republic of Congo (DRC) divided communities that had previously coexisted peacefully. But millions of young Congolese still have a lot in common, particularly their love for football. Football is the most popular sport in the DRC and at the grassroots-level interest in it keeps growing. The sport brings together children from different ethnic and...
(Voice of America 02/14/17)
U.S. President Donald Trump made his first phone calls to African heads of state Monday, speaking with Nigerian President Muhammadu Buhari and South African President Jacob Zuma. Nigeria and South Africa said the calls were made at the request of the U.S. president, who until now has said little about Africa or African issues since assuming office last month. The Nigerian presidency said Trump and Buhari discussed issues of terrorism, and said Trump assured Buhari the United States is ready...
(Voice of America 02/11/17)
The United Nations and Congolese authorities launched an appeal Friday in Congo's capital, Kinshasa, for $748 million to provide lifesaving assistance for 6.7 million people across the conflict-wracked country. The appeal this year is 8 percent higher than last, and reflects a new three-year strategy. In Geneva, where the Office for the Coordination of Humanitarian Affairs, or OCHA, is based, spokesman Jens Laerke said the new action plan involves a more integrated approach in dealing with "two decades of recurring humanitarian crises."
(AL Jazeera 02/08/17)
The EU must espouse a transnational approach with a clear development agenda that replaces its current security policy. One year ago, 22-year-old Patrick left Douala, the largest city in Cameroon, to become a football star in Europe. A talented midfielder and an ambitious young man, Patrick felt compelled to reach Europe to help him to realise his dreams. But, as he passed through Agadez in Niger, which has become a major transit hub for migrants taking the Central Mediterranean route,...
(Bloomberg 02/06/17)
A recent rise in rebel activity in eastern Democratic Republic of Congo threatens to undermine a political agreement for a democratic transfer of power this year, the country’s foreign minister said. The Congolese government wrote to the United Nations Security Council last week requesting its support after the return of members of the former M23 rebellion to eastern Congo, Leonard She Okitundu said Friday by phone from the capital, Kinshasa. A new conflict with M23 would “drain our financial resources”...
(Bloomberg 02/06/17)
Prem Watsa’s Fairfax Financial Holdings Ltd. is expected to raise about $500 million for its new African investment fund, attracting less than its original goal as investor interest in the region proved weaker than anticipated, according to people familiar with the matter. The Toronto-based insurer sought to raise as much as $1 billion at $10 a share for Fairfax Africa Holdings Corp. in an initial public offering on the Toronto Stock Exchange, according to a regulatory filing in December. Fairfax...
(Bloomberg 01/27/17)
The Democratic Republic of Congo’s state-owned Gecamines received at least $33 million to proceed with the $3.8 billion sale of one of the country’s biggest copper mines to Chinese buyers after blocking a deal for eight months. Freeport McMoran Inc. paid the settlement as its share in an agreement to resolve all claims against the sale in May of its 56 percent stake in the Tenke Fungurume copper and cobalt mine to China Molybdenum Co. The agreement was also signed...
(Bloomberg 01/27/17)
Barclays Africa Group Ltd. was targeted by protesters who entered one of its branches on Thursday and demanded the bank pay back money from a bailout provided to a company it bought before the end of apartheid. Demonstrators linked to the youth league of South Africa’s ruling African National Congress gathered outside the branch in Durban on South Africa’s east coast, Johannesburg-based Barclays Africa said in an e-mailed response to questions. Police ensured customers and staff were protected during the...
(Bloomberg 01/25/17)
Taiwan’s last two African allies have no plans to switch allegiances and break ties with Taipei as Beijing tries to woo the self-ruled island’s diplomatic partners. Burkina Faso won’t cut relations with Taiwan despite people and companies with links to China offering funding in return for recognition of the One-China principle, according to Foreign Minister Alpha Barry. Swaziland said its relationship with Taiwan is based on mutual interests, not on money. “We get outrageous proposals telling us, ‘if you sign...

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