| Africatime
Wednesday 22 March 2017
(AfricaNews 09/20/16)
The European Union (EU) has announced a €44 billion ($50 billion) investment proposal for Africa and the Mediterranean as part of the European investment plan aimed at helping fight migration. The plan according to the EU foreign affairs chief, Frederica Mogherini, is ‘‘an innovative new youth investment plan for Africa and the Mediterranean, mobilizing EU funds and we plan to mobilize up to 44 billion euros to have investments in Africa. ‘’(It) is the biggest investment plan ever proposed for Africa and the Mediterranean, something that only the European Union, with all economic and diplomatic power can put in place,’‘ she added. Speaking to journalists in New York, Ms Mogherini said the EU sees a great potential of growth and...
(AfricaNews 09/19/16)
The agreement on African games signed in Cairo over the weekend between the African Union and the Association of National Olympic committees of Africa will be implemented after validation by the Africa Union commission. The two parties are expected to mobilise renowned African athletes and the best teams to help raise their level of performance. Sources say the African Union will continue to manage the African games while the Union of African Sports Confederations will take care of its technical coordination. The agreement has been concluded to improve the competitiveness, income and marketing of the African games. Organisers are looking forward to attaching more importance to the African games by ensuring that the games are used as qualifiers for the...
(Xinhuanet 09/17/16)
The UN World Tourism Organization (UNWTO) has reiterated its commitment to continue supporting African countries to boost the number of tourist arrivals so as to spur economic growth and job creation on the continent. Elcia Grandcourt, UNWTO Programme Director for Africa, told Xinhua Friday at an ongoing three-day workshop in Addis Ababa that UNWTO is also committed to helping African countries address the challenges in tourism sector. "Today and yesterday, we talked about the issues of travel facilitation, for example, accessibility, visa facilitation, the right and appropriate infrastructure, the right policy framework-- these are all the challenges that are there," she said. "We work with our members to try and see how progressively we can have to address these issues."...
(Reuters (Eng) 09/16/16)
Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy. U.S. firm Carlyle (CG.O), Standard Chartered (STAN.L) and emerging market-focused Actis have all seen a change of top executives at their Africa funds, according to these six individuals. Once seen as a beacon of growth, private equity firms expanded their business in the region just before the financial crash. A weak economy and falling currencies have now taken the gloss off a decade of 'Africa rising' optimism. Some investments by these companies have struggled in the downturn. The changes at these groups, which pool the money of pension funds...
(BBC News Africa 09/15/16)
Swiss firms have been criticised in a report for their links to the African trade in diesel with toxin levels that are illegal in Europe. Campaign group Public Eye says retailers are exploiting weak regulatory standards. Vitol, Trafigura, Addax & Oryx and Lynx Energy have been named because they are shareholders of the fuel retailers. Trafigura and Vitol say the report is misconceived and retailers work within legal limits enforced in the countries. Three of the distribution companies mentioned in the report have responded by saying that they meet the regulatory requirements of the market and have no vested interest in keeping sulphur levels higher than they need to be. Although this is within the limits set by national governments,...
(Voice of America 09/13/16)
Representatives of 30 African countries have been working this week to map out ways to stop the continent’s mass rural exodus at the Forum on Rural Development in Yaounde. Emmanuel Afessi works on his desk top at Odja center in Cameroon's capital, Yaounde, where he is training 30 youths on information technologies at the center he created when he returned from the United States a year ago. "Africa needs to produce its own knowledge, its own equipment and that is why we want to train people within the continent," he said. "ICTs help close the gap between the developed and the developing world much faster than any technology including the motor vehicles. It is a large contributor to most African...
(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) 09/04/16)
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 (eng) 08/25/16)
Employees of Togo's state-run phosphate mining firm have begun their second strike in a month to press demands for better pay and safety measures, a trade union activist said Thursday. "We launched a fresh strike because nothing has changed," Poro Egbohou, spokesman for workers at the SNTP firm, told AFP. "We have had no talks with the top managers of the company." The two-day strike by some 1,500 SNTP (New Phosphate Company of Togo) personnel started on Wednesday, in the wake of a 72-hour stoppage on August 10-12, which paralysed a key economic sector in the small west African country. "Since Wednesday, it's been completely still at the mining site at Hahatoe (about 40 kilometres / 25 miles north of...
(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...
(AFP (eng) 08/18/16)
Wearing a brightly-coloured wrap-around dress, Sonia ambles through the crowds at a market in a popular neighbourhood of Lome, a string of tiny red beads dangling from her hips. "I'm very comfortable wearing waist beads. But it is also a way of attracting men," says the 24-year-old hairdresser, a coy smile playing on her lips. In the Togo capital, the fashion for wearing strings of beads around the waist -- an ancient tradition known as 'djonou' in the Gulf of Guinea region -- has made a comeback in recent years. Favoured by young women as an object of both beauty and seduction, the djonou also has a spiritual aspect, guaranteeing the wearer the protection of her ancestors. Some say it...
(AFP (eng) 08/16/16)
West African troops who have provided security to the unstable west African state of Guinea-Bissau will pull out within a year, a top official for the ECOWAS regional bloc said Monday. The troops were deployed in May 2012 following one of the nation's many coups and have since served with a mandate to protect public figures and institutions. "That's four years now. The contingent cannot stay in Guinea-Bissau forever. It's costing us a lot, and more and more often the head of state has asked me to organise the demobilisation," said Marcel Alain De Souza, the head of the ECOWAS Commission. "That's what we are working on, to extend our stay for a year so that the security situation can...
(Xinhuanet 08/10/16)
LOME, Aug. 10 (Xinhua) -- Experts from 25 member states of the Maritime Organization of West and Central Africa (MOWCA) have been meeting since Tuesday to launch a regional campaign with the theme "cutting piracy from the root." The meeting is in preparation for the African Union Summit on maritime security and development in Africa that will be held in Lome in October, and whose main objective will be reducing the number of piracy cases to zero in West and Central Africa. In this regard, the experts are seeking ways and means of preventing piracy acts which have an impact on the economies of the affected countries. The ongoing meeting is expected to urge the 25 participating nations to enhance...
(Xinhuanet 08/09/16)
The West Africa Health Organization (WAHO) has launched a six-day family planing and HIV/AIDS testing campaign along the border between Benin and Togo, an official source has said. The regional campaign, launched on Sunday in collaboration with KFW, a German financial institution, is aimed at promoting reproductive health and prevention of HIV. The campaign is also funded by USAID, World Health Organization, UNICEF, United Nations Population Fund and the Joint United Nations Programme on HIV/AIDS (UNAIDS). Togo's Health Minister Napo-Koura Gado said the objective of this regional program is to contribute to the reduction of maternal mortality in the West African member states.
(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...

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