| Africatime
Wednesday 22 February 2017
(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 the proceedings where a judge will have to decide how much Thakkar -- described in videos posted on his foundation’s website as "Africa’s Youngest Billionaire" -- is worth. Thakkar says he has assets of 445,532...
(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 to make a new deal to help Nigeria "in terms of military weapons." The statement said Trump also commended Buhari for the strides Nigeria is making against Islamist radical group Boko Haram, and invited Buhari to come to Washington at...
(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)
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)
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...
(Voice of America 01/20/17)
By most measures, Africa is safer today than it has been in the modern era: Diseases are less deadly and wars are less frequent. But recent years have also been marked by a rise in radical extremism on the continent, and the terror threat could derail some of the world's fastest-growing economies. Dealing with the spread of radicalization has been a central focus of U.S. President Barack Obama's foreign policy during his time in office. Few areas have been spared...
(RFI 01/14/17)
The 27th Africa-France Summit kicked off on Friday in the Malian capital Bamako with more than 30 African heads of state meeting French officials to discuss the threat of jihadists in the Sahel region and improve democracy in Africa. the meeting is also an opportunity for French president François Hollande to showcase his legacy. The choice to hold the 27th Africa-France summit in Mali is not insignificant. Bamako is where president François Hollande first revealed himself as an international statesman,...
(Huffingtonpost 01/10/17)
And it’s ironic given the growing consensus that Beijing is the U.S. president-elect’s enemy number one. Eric Olander and Cobus van Staden are the duo behind the China Africa Project and hosts of the popular China in Africa Podcast. We’re here to answer your most pressing, puzzling, even politically incorrect questions, about all things related to the Chinese in Africa and Africans in China. The election of Donald Trump has introduced a new era of uncertainty in global politics, especially...
(BBC News Africa 01/03/17)
An electricity grid for the whole village Problem: A total of 1.3 billion people worldwide currently don't have electricity, according to Yale Environment 360. Getting people in rural areas on to the national grid is proving too difficult and traditional solar panels generate meagre amounts of energy. Solution: Steamaco makes solar and battery micro-grids which can work for a whole village. They are small electricity generation and distribution systems that operate independently of larger grids. How it works: Micro-grids are...
(Voice of America 12/30/16)
2016 was predicted to be a tough year for African economies, and it delivered. Traditional economic leaders faltered this year amid a storm of falling commodity prices, unpredictable and destructive weather like droughts and floods across large swaths of the the continent. Slow economic growth in China, a major investor and trading partner, only added to their challenges. “This year, you’ve seen the two Africas: the commodity exporters going through tough times, while the non-commodity exporters being more resilient,” Nigerian...
(The Globe and Mail 12/23/16)
The Square Kilometre Array will be the world’s most powerful radio telescope, opening new frontiers in our understanding of the universe. But the builders have to contend with an unforgiving climate and other formidable challenges first, In the desolate rocky plains of the Great Karoo, the dangers are endless. Scorpions and puff adders are underfoot. The harsh sun beats down, interrupted only by occasional lightning storms. Temperatures range from stifling heat to freezing cold. But at night, in the vast...
(CNN 12/15/16)
In the sleepy, sun-blasted town of De Aar in central South Africa, a mighty force is stirring. The largest solar plant in Africa, Middle East and the Southern hemisphere was inaugurated here earlier this year, a 175-megawatt facility that spreads over almost 500 hectares. The facility is the brainchild of Solar Capital, led by hotel magnate turned solar evangelist Paschal Phelan, which ploughed $400 million into the venture. The plant supplies power to the National Grid, but when the heat...
(Le Monde 12/09/16)
Dozens of politicians, diplomats, military and intelligence chiefs, members of the opposition and leading business figures were wiretapped across the continent. This rare overview of modern satellite espionage could hardly be less technical and abstract, for it not only names the victims of intercepts but also reveals the scale of a surveillance operation spanning an entire continent. That continent is Africa. New documents shown to Le Monde, in collaboration with The Intercept, from the data cache of the former NSA...
(The Guardian 12/06/16)
The Ebola epidemic in Sierra Leone remains among the most devastating events in our country’s history, perhaps more dreadful even than the 11 years of civil war. It has been more than a year now since we were first cleared of a sickness we had had little or no idea of – or readiness to tackle. It was traumatic, and has had a huge impact on both the life and education of young people in Sierra Leone. Many were afflicted...
(Voice of America 12/02/16)
Activists are using the women's Africa Cup of Nations tournament in Cameroon to campaign for the protection of the continent's forests and animal species. The campaign, called “Sports for Nature," is spearheaded by conservationist groups who say some of Africa's natural resources are on the verge of going extinct. In Yaounde, birds sing at a makeshift park near the Ahmadou Ahidjo stadium, one of the sites of the 2016 women's football African Cup of Nations. Conservationist Nevielle Tanyi points toward...
(Washington Post 11/28/16)
Following his release after 27 years in prison, Nelson Mandela made sure one of his first trips abroad was to Havana. There, in the Cuban capital in 1991, Mandela lavished his host, Fidel Castro, with appreciation. Castro, said Mandela, was a “source of inspiration to all freedom-loving people.” The scene might seem paradoxical in some corners of the West. How could the global symbol of African liberation and democracy say such a thing about a man whose death last Friday...
(The Guardian 11/23/16)
Rulers of the DRC, Burundi, Zimbabwe and others say tide has turned after Obama’s efforts to promote democracy abroad. As the sun rose over Kinshasa on 9 November, Martin Fayulu was awoken by a phone call from a relative in the US telling him to switch on his television – Donald Trump appeared set to become the next US president. Fayulu, an opposition politician at the forefront of recent protests calling for elections to be held on time in the...
(The Guardian 11/19/16)
At COP22, the African Development Bank’s president, Akinwumi Adesina, tells of strategies to improve energy supplies and fight the impact of climate change “We lose 5% of our potential GDP every year, and African industries cannot be competitive without access to electricity,” says Akinwumi Adesina, president of the African Development Bank. “I believe that’s why we can’t break away from reliance on exporting our raw materials – new industries will only go to where there’s power.” He is speaking on...
(Forbes 11/14/16)
Africa will have 1-billion mobile subscriptions by the fourth quarter of 2016, while data use will drive the next phase of growth in Africa’s telecoms market, according to researchers Ovum. Mobile subs will reach 1.02-billion by the end of 2016 and will reach 1.33-billion by 2021, says Matthew Reed, Ovum’s practice leader, for the Middle East and Africa. “The take-up of mobile broadband will rise strongly, as operators continue to roll out 3G and 4G LTE networks and as smartphones...

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