| Africatime
Thursday 30 March 2017
(Reuters (Eng) 09/12/16)
Opposition parties have swept to victory in Seychelles parliamentary elections, shaking up the political landscape after decades of control by President James Michel’s party. The win by the Linyon Demokratik (LDS) coalition, which was announced on Sunday, follows growing public frustration over economic inequality, analysts said. It has not triggered an immediate change in the government appointed by the president, but lawmakers will be able to use their powers to challenge new ministerial appointments and block legislation, including budgets that the opposition has objected to in the past. Analysts said Michel might soon decide to reshuffle the cabinet to reflect changes in the Indian Ocean archipelago.
(AFP (eng) 09/11/16)
The Seychelles opposition on Sunday hailed its "historic" victory at parliamentary polls after gaining control of the Indian Ocean nation's parliament for the first time in more than two decades. Before the result was announced, President James Michel pledged to work with the newly elected legislature, which had been expected to slip from his party's control. "The results just announced by the electoral commission are historic for our country and I feel somewhat proud," said Roger Mancienne, head of the opposition coalition of the Seychellois Democratic Alliance (known by its Creole acronym LDS). The LDS won 15 seats, with the Parti Lepep (meaning People's Party in the local Seychellois Creole language), which has been in power since 1977, taking the...
(AFP (eng) 09/10/16)
Voters in the tourism-dependent nation of Seychelles cast their ballots Saturday, the third and final day of a poll that may see the opposition win control of parliament for the first time in two decades. Polls in the Indian Ocean nation kicked off Thursday to allow the roughly 70,000 registered voters of the archipelago nation of 115 islands to choose their representatives. Voting began on the islands furthest away from the main island of Mahe, and its capital Victoria. Mahe voted on Saturday, along with the two other main islands Praslin and La Digue. The three account for 98 percent of the archipelago's 90,000 people. Voting appeared to have taken place peacefully though some booths closed behind schedule, possibly delaying...
(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 of films, documentaries and other forms of audiovisual productions and create market channels for selling the films. The funding plan is one of the key planks of the Ambika Afrika Safari Film Festival (AASFF) to be held in Nairobi from...
(Voice of America 09/09/16)
The organizers of this week's Africa Green Revolution Forum in Kenya say the continent is well on its way to an agricultural renaissance. The forum is wrapping up with a significant boost toward that goal: a pledge of $30 billion during the next 10 years to support smallholder farmers and local African agribusinesses. The donors include African governments, businesses and development partners, many of whom have been present for the Nairobi forum. But significant challenges remain for the continent, and experts have many theories about what it will take to make Africa’s green revolution a reality. Country manager James Craske of Yara, a leading fertilizer manufacturing company in Africa, said quality seeds and fertilizer would make a difference. “I think...
(AFP (eng) 09/07/16)
Voters in the tourism-dependent Indian Ocean nation of Seychelles go to the polls on Thursday at the start of parliamentary elections which the opposition is tipped to win after boycotting the last one. The main opposition Seychelles National Party (SNP) shunned the 2011 elections claiming it would not be fair but is contesting this time. The three-day polls start on Thursday to allow the roughly 60,000 registered voters of the archipelago nation of 115 islands to choose their representatives. SNP leader Wavel Ramkalawan came a close second in presidential elections in December 2015, losing to President James Michel by just 193 votes. It marked the first time a candidate from the dominant Parti Lepep (meaning People's Party in the local...
(AFP (eng) 09/04/16)
As Gabon is rocked by violence following the contested re-election of President Ali Bongo, experts says electoral fraud in Africa is becoming harder, thanks to civil society vigilance and spread of mobile technology. Opposition leader Jean Ping on Friday declared himself the rightful president of Gabon and called for a recount, following Bongo’s claim of victory with a razor-thin margin of just under 6,000 votes in the August 27 election. But recent elections in Nigeria, Ivory Coast, Benin and Burkina Faso have all been held largely without dispute, overseen by engaged citizens who assured careful monitoring of the process, said Mathias Hounkpe...
(AFP (eng) 08/27/16)
Japan will pour $30 billion (27 billion euros) in investment in Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in Nairobi. "When combined with the investment from the private sector I expect the total real amount to be $30 billion," Abe said at the opening of the Tokyo International Conference on African Development (TICAD). "This is an investment that has faith in Africa's future," he said. Abe will use the conference to meet dozens of leaders from across Africa, among them Kenya's President Uhuru Kenyatta and South Africa's Jacob Zuma. It is the first time that the TICAD conference is being held in Africa, with all five previous events...
(AFP 08/19/16)
Maps, road signs, sat navs, Google maps -- it all makes travelling so easy. But how do you get around in a city with few street names, where buildings have no numbers? "Cross 'Death Junction' then after about 500 metres on the left, you'll see a curtain seller. Go up the path until you see a black building -- that's where I live," says Judith Koumis, giving directions to her home in Yaounde, the Cameroon capital. "It's easy," she says, forgetting, like everyone else, that "Death Junction" has an official name -- Friendship Junction. In this west African country, like many other places on the continent, getting around town can be something of a puzzle without a firm grasp of...
(The Wall Street Journal 08/09/16)
Deal would mark South African furniture retailer’s entry into U.S. market. Steinhoff International Holdings NV, Africa’s retailing giant but little-known outside the continent, has made its first foray into the U.S., agreeing to pay $2.4 billion for Sleepy’s owner Mattress Firm Holding Corp. Steinhoff, a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s IKEA” for its home furnishing retail chains. Until recently, it had trained its sights on expansion in Europe, from Germany and Switzerland to Poland and Bulgaria, and Australasia. Last month, it agreed to pay £597 million ($793.77 million) for British retailer Poundland Group PLC, which sells most of its goods for a pound, or about $1.31 at today’s rates. The company said on...
(The Associated Press 08/06/16)
The World Health Organization and its partners shipped more than 6 million yellow fever vaccines to Angola in February to quash an emerging epidemic, yet when they asked country officials the following month what happened to the vaccines, they discovered that about 1 million doses had mysteriously disappeared. Of the shipments that did make it to Angola, some vaccines were sent to regions with no yellow fever cases, while others arrived at infected areas without syringes. In neighboring Congo, some vaccines weren't always kept cold enough to guarantee they would be effective. This lack of oversight and mismanagement has undermined control of the outbreak in Central Africa, the worst yellow fever epidemic in decades, an Associated Press investigation has found...
(Reuters (Eng) 08/05/16)
In an expanse of sand 60 miles (100 km) north of Senegal's capital, two men set to work digging up tree stumps to clear space for what could soon be the biggest solar plant in West Africa. In less than a year, says developer Senergy PV SA, this shrubby lot will be covered with 96,000 gleaming solar panels from China, injecting up to 30 megawatts into the grid. It is an attractive prospect for a nation with a dire power deficit, and which currently meets most of its needs by burning imported oil in hugely inefficient diesel generators. "The context is favorable," Karim Ndiaye, investment director at French private equity firm Meridiam, which bought out the original Senergy company in...
(Voice of America 08/04/16)
On the eve of President Barack Obama’s 55th birthday, he was greeted in song with "Happy Birthday" Wednesday by about a thousand participants at this year’s Young African Leaders summit in Washington. Obama launched the Young African Leaders Initiative (YALI) six years ago to support an emerging generation of young African entrepreneurs, activists and public officials. Its flagship program, the Mandela Washington Fellowship, began two years ago with the goal of empowering young Africans through academic coursework, leadership training and networking. "Today's Africa is a place of unprecedented prosperity and opportunities," Obama told the excited crowd, noting that he'd visited sub-Saharan Africa four times, more than any other U.S. president. During his time as president, Obama said, "I've worked to...
(Reuters (Eng) 08/03/16)
Barclays is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50% and strengthen the UK parent bank's capital. A lock-up period following a previous share sale expires on Tuesday, and Barclays is expected to sell more stock in Barclays Africa as part of its plan to deconsolidate the business. Barclays CEO Jes Staley, who took over a year ago, decided in March to sell down the stake in its African operations because the bank's 62% ownership meant it had to fully allocate capital to the business, but got less than two-thirds of its profits. The bank sold a 12.2% stake on May 4,...
(Voice of America 07/30/16)
The president of the African Wildlife Foundation has called on African governments to urgently address the issue of poaching, which he said is depriving the continent of its resources. But Zimbabwe says the international ban on the sale of ivory — which was imposed to discourage poaching — is hurting its interests. Winding up a five-day visit to Zimbabwe on Friday, Kaddu Sebunya said poaching is depleting Africa of its vital natural resources in the same way the slave trade once did. He said animal populations are dropping rapidly around the continent. “We have been losing an average of 30,000 elephants annually. Many African countries in the last 20 years have lost all their rhino population. All. Zero left. It...
(Cnbc Africa 07/29/16)
"One cannot get to the top by being average,” says Noletu Moti, Koeberg Nuclear Plant’s first female chief inspector. Moti who is in her mid-30s, hailing from the outskirts of East London, is taking others with her to the top by assisting young Africans who want to be where she is through Bhongoletu Youth Foundation, which she started in 2012 with the slogan ‘Live The South African Dream’. ‘’Youth development has always been a dream. If I was not doing science, I would be in youth development full time, travelling Africa helping young children in literacy & numeracy. A nation without education suffers immensely,” says Moti The highly fashionable inspector is responsible for the establishment and coordination of Koeberg Nuclear...
(Xinhuanet 07/28/16)
Cooperation among China, the United States and Africa can effectively fight maritime piracy in Africa, a UN senior official said here on Wednesday. UN General Secretary special representative Mohamed Ibn Chambas made the remarks on the sidelines of the two-day meeting which kicked off on Wednesday. About thirty diplomats and experts from Africa, China and the United States discussed collective strategies to address maritime security, protect the blue economy in the Gulf of Guinea and promote peace in the Sahel region. The first day of trilateral consultation among Africa, China and the United States has laid the ground for further cooperation on fight against maritime piracy in Africa, he said. "China and U.S., two world powers and members of the...
(Business Day 07/27/16)
The rapid uptake of digital services across the continent requires that the region’s governments urgently release more spectrum for mobile broadband services. This is according to a report by global mobile network operators association GSMA, which was released on Tuesday. The lack of spectrum has hampered the rapid deployment of faster wireless network infrastructure in many parts of Africa, including SA. At the end of 2015, the continent had 557-million unique mobile subscribers, equivalent to 46% of its population. This has made Africa the second-largest, but least penetrated, market in the world. Africa’s three largest national markets — Egypt, Nigeria and SA — together account for around a third of the total subscriber base. However, Africa is barely scratching the...
(Xinhuanet 07/26/16)
Despite Africa's slowdown, property developers and private equity funds continue to pour investment into the continent, but with more focused strategies, organizers of the upcoming Africa Property Investment (API) Summit said on Monday. "Over 1.2 billion U.S. dollars has been raised and allocated to real estate investment in Africa over the past year and we expect this trend to continue," said Kfir Rusin, General Manager of APIS. This year's summit, scheduled for August 18-19 in Johannesburg, will feature various discussions on innovative strategies and collaboration, as well as showcasing new real estate opportunities and projects across Africa. Commenting on the global capital flows making their mark on African real estate, Peter Welborn, Chairman of Knight Franks' Africa business, said the...
(Xinhuanet 07/25/16)
Sub-Saharan Africa remains a fast-growing region in the world despite a relative slow down, multinational professional services firm Ernst & Young (EY) said on Monday. This is reflected in the foreign direct investment (FDI) levels in 2015, where FDI project numbers increased by seven percent, EY said in its 2016 Africa Attractiveness Program, issued in Johannesburg. Although the capital value of projects was down year-on-year, from 88.5 billion U.S. dollars in 2014 to 71.3 billion in 2015, this was still higher than the 2010-2014 average of 68 billion U.S. dollars, the report said. Similarly, jobs created were down year-on-year, but still ahead of the average for 2010-2014, the report showed. "Over the past year, global markets have experienced unprecedented volatility...

Pages