Wednesday 22 November 2017
(APA 08/30/17)
Thousands of supporters of the ruling Union for the Republic (UNIR) in Togo took to the streets of Lome in support of President Faure Gnassingbe, and to renew their “commitment to the institutions of the Republic with a view to fully implement the political and institutional reforms in a comprehensive and consensual manner,” APA can report. Starting from the Tokoin Tresor Square in the center of Lome, sympathizers of the ruling majority dressed in white and blue, marched through several streets in the Togolese capital city before stopping at the beach in Lome. "In the light of the latest events, we would like to reaffirm our attachment of the values of dialogue, brotherhood, solidarity, peace, unity and cohesion, which form...
(Bloomberg 08/30/17)
One Thousand & One Voices LLC, a private-equity fund started by the great-grandson of the founder of Coors Brewing Co., said it bought a producer of sushi-quality trout that is the largest such facility in Africa. SanLei’s operations are on the Katse Dam in Lesotho, an enclave surrounded by South Africa, 1K1V, as the fund is known, said in an emailed statement Tuesday. The company didn’t disclose the value of the transaction. SanLei has secured a marketing and distribution agreement with CGC Japan Co., which has more than 4,000 stores and collective revenue of more than $40.5 billion, making it Japan’s largest joint-procurement supermarket chain, 1K1V said. The fund has been hunting for private-equity investments that tap Africa’s growing consumer...
(Reuters (Eng) 08/29/17)
Europe’s “big four” continental powers and three African states agreed a plan on Monday to tackle illegal human trafficking and support nations struggling to contain the flow of people across the desert and Mediterranean sea. The 28-nation European Union has long struggled to reach a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. After hosting the leaders of Germany, Italy, Spain, Chad, Niger and Libya, French President Emmanuel Macron said it was time for greater coordination. “We must all act together - from the source countries to Europe and passing by the transit countries, especially Libya - to be efficient,”...
(Reuters (Eng) 08/28/17)
Getting Europe’s migrant crisis under control will be in focus at a summit of Europe’s “big four” continental powers and three African nations in Paris on Monday, with French President Emmanuel Macron seeking concrete action. The 28-nation European Union has struggled to agree on a coherent answer to the influx of migrants fleeing war, poverty and political upheaval in the Middle East and Africa, and the crisis is testing cooperation between member states. Over the summer, Macron sought to take the initiative on managing the flow of migrants crossing the Mediterranean from Libya, mainly into Italy. He proposed hotspots in Africa to handle asylum requests. The viability of such centers was questioned by European and African allies and on Monday...
(AFP (eng) 08/26/17)
Togo's capital was in security lockdown Friday with large numbers of police deployed and many businesses shuttered after opposition parties called for strikes marking the weekend deaths of two anti-government protesters. The protest, dubbed "Togo Mort" or "Dead Togo" by the opposition coalition, comes against a backdrop of soaring political tensions as the government resists pressure to change the constitution to limit the power of President Faure Gnassingbe. Two people were killed -- one after suffering a gunshot wound -- at weekend protests against Gnassingbe's rule in Sokode, 300 kilometres (185 miles) north of Lome.
(Ghana Business News 08/24/17)
The Togolese government is reported to have apologized to the citizenry over clashes between civilians and security forces which led to some loss of lives. The apology was reportedly carried by the country’s state media with an appeal to the opposition to calm tensions down in the West African state. Meanwhile, reports indicate that the opposition is planning a massive demonstration in the national capital-Lome, on Friday August 25 to herald the burial of victims of Saturday’s clashes with security forces. Last weekend, Togolese across the world went on street protests demanding term limits for their presidents. At Atakpame-Sokode, some kilometres away from the capital, two civilians and seven security persons were reportedly killed. Source: GNA
(Bloomberg 08/24/17)
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard Bank Group Ltd. index, even after Moody’s Investors Service cut Namibia to below investment grade on Aug. 11. The world’s biggest producer of marine diamonds had been the continent’s only dollar-bond issuer without a junk rating. A low interest rate environment in the developed world has encouraged investors to look past the problems plaguing African economies, including low commodity prices, dollar shortages in some of them and rising political tension...
(Agence Ecofin 08/23/17)
Backed by the African Development Bank (AfDB), the Sustainable Energy Fund for Africa (SEFA) has approved the release of a $975,000 (FCFA543.43 million) subsidy for the CIZO scheme, which aims to distribute PayGo solar kits to the people of Togo. The first stage of the off-grid electrification programme aims to improve living conditions of rural populations in the country. Under it, 300,000 solar kits should be distributed over five years in the country’s remote areas. Payment for the equipment will be made via mobile. It should be noted that the programme also aims to lay the foundations for more significant investments in the power sector, to benefit rural areas. “We are happy to back the rural electrification programme of the...
(Xinhuanet 08/23/17)
China is dedicated to enhancing its cooperation with Africa in human resource development through knowledge and technology transfer, a Chinese diplomat said Tuesday. Liu Tao, Charge d'Affaires of the Chinese Embassy in Ethiopia, made the remarks at the Chinese Government Training Program Fellowship Reception in Ethiopia's capital Addis Ababa. He said China, since the year 2000, has sent over 2,000 agricultural experts and over 7,000 medical personnel to Africa, and has trained more than 80,000 Africans from more than 50 countries. China has pledged that it would, in three years, train 200,000 technicians and provide 40,000 training opportunities in China, and will offer 30,000 government scholarships, he said. Stating that 1,100 Ethiopian candidates are invited this year to attend short-term...
(Xinhuanet 08/22/17)
African officials on Monday called for urgent infrastructural development and regional integration to boost the continent's economy. At the Infrastructure Africa 2017 in Johannesburg, Zambian Minister of Finance Felix Mutati encouraged Africans to speedily address infrastructural deficit. "We have to inject some sense of urgency in ourselves. If we remain captured by business as usual, we are headed for disaster," said Mutati at the opening ceremony of the two-day event. "Competitiveness in Africa is being constrained by infrastructure deficit. We need about 93 billion U.S. dollars every year to address the infrastructure gap in the continent. We need to urgently implement projects," he said. Mutati said Africa has to narrow focus to innovative financing and design, better use of existing...
(APA 08/21/17)
The Togolese opposition protest that ended on Saturday has left two civilians dead and twenty-seven police officers injured, said Teko Kudouwovo, the Inspector General of the National Police. “There are wounded people in the ranks of the armed forces, nine soldiers and six police officers. Two deaths were reported among the demonstrators, including one who was shot. Two police stations were burned and others were ransacked. Equipment was carried away by demonstrators,” IGP Teko Kudouwovo said. Moreover, he revealed that weapons (FAK model) with ammunition and an automatic pistol were carried away. “Two FAKs and another rifle were...
(AFP (eng) 08/21/17)
Kenya are to play friendlies against Togo and Mauritania in Morocco as part of their build-up for the African Nations Championships (CHAN) which they are hosting in January 2018. The warm-ups featuring local-based players will be played in Rabat on August 31 and September 4. "Whereas AFCON 2019 qualifiers and the FIFA Rankings remain crucial for us going forward, CHAN 2018, which will be hosted in Kenya is equally important, and we are happy to have secured the two friendlies," Football Kenya Federation (FKF) chief executive officer Robert Githiomi said. The CHAN 2018 championship scheduled to be held between January 11 and February
(Bloomberg 08/21/17)
GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. “We reduce the total cost of power by 30 percent,” said Charlotte Aubin-Kalaidjian, the founder and chief executive officer of GreenWish, who was formerly a managing director at Morgan Stanley Investment Management. “Smaller towers can run...
(Bloomberg 08/14/17)
The U.S. will probably maintain its current levels of aid to Africa despite President Donald Trump’s proposals to slash funding, according to Bill Gates, the world’s richest man. Trump said in May his government would no longer allocate funding for family planning, a move that has the potential to undermine aid programs in the poorest countries in the world. However, with Congress in control of the budget, it’s unlikely that all cuts proposed by the Trump administration will go ahead next year, Gates said in an interview in Dar es Salaam, Tanzania’s commercial capital. “It’s quite clear that they won’t make those drastic cuts,” Gates said. “I’m hopeful they won’t make any cuts at all, but that’s still subject to...
(APA 08/10/17)
Togo has obtained a textile and clothing visa under the African Growth and Opportunity Act (AGOA) of the United States, a senior American official announced on Wednesday. US Trade Department Representative, Robert Lighthizer is in Lome for the start of the 16th AGOA Forum where he made the announcement on Wednesday. “I would like to take a brief moment to announce an example of success in AGOA of a beneficiary country working hard to enhance its export strategy. I have just signed a letter approving a textile and clothing visa for Togo under AGOA” Lighthizer told the opening session of the AGOA ministerial meeting. "This milestone will enable Togolese entrepreneurs to take advantage of the many textile and clothing opportunities...
(AFP (eng) 08/10/17)
The skull of an infant ape buried by a volcano 13 million years ago has preserved intriguing clues about the ancestor humans shared with apes -- including a likely African origin, scientists said Wednesday. A previously-unknown creature that shared an extended family with the human forefather, had a flat face like that of our far-flung cousin the gibbon, but did not move like one, its discoverers wrote in the journal Nature. They named it Nyanzapithecus alesi after "ales" -- the word for "ancestor" in the Turkana language of Kenya, where the lemon-sized skull was unearthed. The sole specimen is that of an infant that would have grown to weigh about 11 kilogrammes (24 pounds) in adulthood. It had a brain...
(Xinhuanet 08/09/17)
Togo's Prime Minister Selom Komi Klassou on Tuesday urged African countries to consider trade as driver for substantial growth of wealth. He expressed this in his opening speech of the special sessions of private sector and civil society representatives as part of the 16th Forum of the African Growth and Opportunity Act (AGOA) themed "The U.S. and Africa: Partnering for Prosperity through Trade" in Lome, capital of Togo. "The Lome sessions must serve as catalyst to fulfill our shared dreams and actually consider trade as unavoidable driver for substantial growth of wealth of our nations and improve the living conditions of our people," Klassou said. Over a thousand participants from 38 Sub-Saharan African countries and the United States are expected...
(AFP (eng) 08/09/17)
US President Donald Trump barely mentioned Africa or trade with the continent during his whirlwind campaign and has been mostly silent about the region since taking office. But the annual African Growth and Opportunity Act (AGOA) forum being held in the Togolese capital Lome this week will bring together top US officials and African ministers. The gathering will finally shine a light on Trump's policies toward the region of 1.2 billion people. - What is the African Growth and Opportunity Act? - It was a trade deal inked between the United States and eligible African countries nations under Bill Clinton's presidency and enacted in 2000. It gives 39 African nations duty-free access to the US market for about 6,500 products...
(Xinhuanet 08/09/17)
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship." Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome. "The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal of establishing a true partnership for the future", Lighthizer said. "By lowering barriers and tackling other constraints that impede trade and investment, we are poised to see U.S.-Africa trade flourish", he said, underscoring that "much more work needs to be...
(Reuters (Eng) 08/08/17)
Tuesday's action at the World Athletics Championships sees two of the most intriguing races of the program as South Africa's Wayde van Niekerk bids for the first half of his 400/200 meters double and Nigel Amos goes for gold in the men's 800m. World record holder and defending champion Van Niekerk should be unbeatable in the 400m but faces a stiff challenge, not least from Botswanan duo Isaac Makwala and Thebe Baboloki. Another Botswanan, Amos, will also have to be at his best in the 800m, where a clutch of athletes are suddenly dreaming of glory in the absence of Kenya's injured champion David Rudisha. Kenya is expected to continue its dominance of the men's 3,000m steeplechase - though American...

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