| Africatime
Friday 24 March 2017
(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...
(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 as well. That’s what 26 Americans selected to participate in a Reciprocal Exchange program, a new component of the Mandela Washington Fellowship for Young African Leaders, are now planning to do. The U.S. Department of State partnered with IREX, a...
(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...
(Middle East Monitor 03/09/17)
Sudan’s Finance Minister Badr Al-Din Mahmoud said yesterday that his country has lost nearly $45 billion as a result of the US sanctions imposed on Khartoum. Mahmoud said the US sanctions have impacted the Sudanese economy, citizens’ standard of living and the banking sector. The United States lifted economic sanctions imposed on Sudan in January last year. The minister stressed that the banks have lost a significant portion of their profits while foreign banks stopped dealing with them for fear...
(Middle East Monitor 03/09/17)
Sudan’s foreign ministry said it was disappointed with US President Donald Trump’s revised executive order banning citizens from six Muslim-majority nations from travelling to the United States. “The foreign ministry expresses its regret and disappointment over the executive order issued by the US president on March 6 that renewed the ban on immigration of citizens from six countries including Sudan to the United States for 90 days,” it said in a statement. Trump signed a revised executive order yesterday banning...
(Middle East Monitor 03/09/17)
Rebels from Sudan have reportedly been smuggling weapons into Libya, a senior Sudanese official has said. In a statement, Sudanese General Ahmed Khalifa Al-Shami said a rebel group in western Sudan affiliated with the Darfur movement has been smuggling large quantities of weapons into the north African country. The general had mentioned that the Darfur movement in western Sudan had started doing business with Libyans, with authorities having seized large quantitates of cars attempting to smuggle weapons and even people...
(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)
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...
(The Guardian 02/21/17)
Dialogue with Sudan to tackle migrant numbers is putting UK and EU’s reputation for championing human rights at risk, says parliamentary committee. UK and European Union attempts to reduce migration from Sudan risk giving legitimacy to its government, which has been accused of human rights abuses, politicians have warned. The focus on cutting migration from Sudan “is likely to push the UK towards institutions and individuals with whom we differ on principle”, said a report by MPs and peers (pdf) on the all-party parliamentary group for Sudan and South Sudan. Mark Durkan, the APPG’s chairman, said official language, which depicts the efforts as humanitarian engagement to tackle
(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 02/14/17)
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...
(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 01/30/17)
Sudan’s criticized U.S. President Donald Trump’s decision to bar visitors from the country, two weeks after former President Barack Obama lifted decades-old sanctions on the North African nation. Trump’s executive order also comes amid increased cooperation between the two countries’ intelligence agencies to combat “transnational terrorism,” Foreign Minister Ibrahim Ghandour said in an interview in the Ethiopian capital, Addis Ababa, where he’s attending an African Union summit that began Monday. “We feel sorry that the decision was taken at a time we started cooperating and the sanctions were lifted,” Ghandour said. “We’ll wait until the period mentioned, until the executive decision passes and see what is next after that and then
(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...
(AL Jazeera 01/03/17)
Rebels blame government forces for killings of civilians at a camp for displaced people. A Sudanese official and rebels have traded blame over civilian deaths in central Darfur, an area that has seen sporadic clashes between the army and armed groups despite a government-announced ceasefire. The Darfur Union UK, an activist group, reported on Tuesday that gunmen, reportedly in military uniforms, killed 11 at a camp for displaced people in the Jabal Marra area.A Sudanese official and rebels have traded...

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