| Africatime
Wednesday 22 March 2017
(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)
Most participants attending the Africa-China-U.S. two-day tripartite talks for peace in Africa that opened on Wednesday are calling for a win-win partnership between Africa and China as well as the U.S. in order to boost security on the continent. The talks, being held in the run up to an extraordinary security summit of the African Union later this year in Lome, will focus on improving maritime security and promoting peace in the Sahel. About 30 African, Chinese and American diplomats are taking part in the tripartite talks that are being held behind closed doors. Those taking part in the talks include the Special Representative of the UN Secretary General in West Africa and the Sahel Mohamed Ibn Chambas, special representative...
(Xinhuanet 07/28/16)
Togolese diaspora population has expressed its willingness to contribute to the country's economic growth. The revelations were made during the Togo's Diaspora Social-Economic Forum (FOSED) being held in Lome between July 27 to 31. The event whose main objective is to rediscover Togo as well as the potential of its diaspora population, is being held under the theme "Togolese Diaspora, Lever for Togo's Economic Emergence." According to organizers, close to 500 participants including political actors, business people, economic operators as well as government officials will take part in the discussions on various topics. Institutions involved in the process of registering companies will present to the diaspora population the different reforms initiated by the state, as well as the investment opportunities...
(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...
(Voice of America 07/23/16)
The 14th U.N. Conference on Trade and Development ended Friday in Nairobi with delegates adopting a measure giving the organization a central role in meeting U.N. sustainable development goals. UNCTAD said the quadrennial gathering also produced the beginning of an e-trade initiative, the launch of a multiple-donor trust fund on trade and productive capacity, and an agreement involving more than 90 nations on a road map for fisheries subsidies. A report released earlier in the week by UNCTAD, "Economic Development in Africa 2016," noted that African governments should take action to prevent rapid debt growth from becoming a crisis. The report also said the annual average foreign debt stock of Africa from 2011 to 2013 amounted to $443 billion, a...
(AFP (eng) 07/22/16)
French petroleum giant Total signed an eight-year deal to become the new sponsor of African football and its showpiece event, the Africa Cup of Nations, on Thursday. The sponsorship of the tournament will start at its next edition in Gabon from Jan 14 to Feb 5, 2017. "This partnership is a major milestone in our ongoing search for additional resources to accelerate African football’s development, bring its governance up to date, upgrade its sports infrastructure and advance its performance globally," said Issa Hayatou, the president of the Confederation of African Football (CAF). "As a leading multinational in its field, with strong ties to Africa, Total will make a significant contribution to CAF’s initiatives to foster personal and professional growth for...
(Xinhuanet 07/21/16)
The African Development Bank (AfDB) on Wednesday advised African countries to increase funding in water projects in the face of water crisis facing the continent. Mohamed El Azizi, AfDB Director for Water and Sanitation Department, said for Africa to achieve the Sustainable Development Goals there must be political commitment, prioritization of water and sanitation issues, as well as more budget allocation to the water and sanitation sector. El Azizi told a news conference in the east African nation's business capital Dar es Salaam that the AfDB has financed a number of water and sanitation projects in Africa, including Tanzania. He was speaking at the ongoing 6th Africa Water Week which started on July 18 through July 22 whose theme was...
(Xinhuanet 07/20/16)
The African Development Bank (AfDB) said on Tuesday that it has approved 12.4 million U.S. dollar grant to help empower women in the continent. A statement from AfDB said the funds will be used for a project called "50 million Women Speak" to create a networking platform dedicated to sub-Saharan women entrepreneurs. "Platform users will learn about their rights and the way to obtain financial support," said Salieu Jack, Chief ICT Engineer & Project's Team Leader at the AfDB. According to Jack, the rate of women entrepreneurs with access to banking loans in sub-Saharan Africa could jump from 4 percent to 10 percent by 2022. The grant will be spread between the Common Market for Eastern and Southern Africa (COMESA),...
(Voice of America 07/19/16)
Dr. Jill Biden, wife of U.S. Vice President Joe Biden, is focusing on women’s rights, immigration and education during a visit to three African countries: Ethiopia, Malawi and Niger. During her first stop in Ethiopia, Biden visited a transit center in the capital for refugees at the International Organization for Migration (IOM). There, she met with officials at the United Nations High Commissioner for Refugees, and learned more about the refugee screening process for those seeking resettlement in the U.S. One of the refugees accepted for resettlement is Sembetu Buratu, an Eritrean mother of a four-year-old girl, who left her home country to help her family. “I didn’t work, so my brothers used to assist me; when they left the...
(Voice of America 07/18/16)
The African Union summit meeting in Kigali will be voting for a new AU commission on Monday, despite rumors of a call for the election to be delayed. There have been persistent rumors at the summit that the ECOWAS bloc of west African states is unhappy with the choice of candidates offered to succeed outgoing AU commission chairperson Nkosazana Dlamini-Zuma. There are three candidates, two of them women, former Uganda vice president Specioza Wandira Kazibwe and Botswana Foreign Minister Pelonomi Venson Moitoi, and Equatorial Guinea Foreign Minister Agapito Mba Mokuy. Late Sunday an AU legal counsel, Vincent O Nmehielle, denied the rumors of a delay. "Stop speculating. There is no ECOWAS concern that has made an election to be postponed...
(CNN 07/16/16)
From an Africa-shaped mega solar plant powering Kigali, Rwanda, to a massive geothermal plant harvesting the power of Kenya's hot springs, renewable energy plants are popping up around the continent. Sub-Saharan Africa is desperately short of power and roughly 620 million Africans live without a reliable source of electricity. Africa's population is expected to double by 2050 and the demand for clean energy has never been greater, says Caroline Kende-Robb, executive director, Africa Progress Panel. She believes the continent could soon become a renewables superpower, and that it can leapfrog carbon-centered energy systems and go straight to renewables. "Because what we see is that Africa has got the advantage of coming in now without the heavy old systems that a...
(Voice of America 07/15/16)
The number of new malaria cases in Africa fell 42 percent from 2000 to 2015, according to the World Health Organization. The drop was due in large part to insecticide-treated mosquito nets, indoor spraying and better access to effective treatments. But this progress could be derailed by a new wave of drug-resistant malaria that's currently affecting Asia. Abdoulaye Djimde, head of the molecular epidemiology and drug resistance unit at the Malaria Research and Training Center in Bamako, Mali, said that "we should be concerned. ... Given the frequent interconnection between Asia and Africa — you have direct flights from almost everywhere to several parts of Africa — there is the risk for importing these resistant parasites. [It] is higher today.”...
(The Wall Street Journal 07/13/16)
This special bond brings back many mutual benefits, both economic and diplomatic. Prime Minister Benjamin Netanyahu’s recent visit to Africa signaled Israel’s renewed emphasis on its relationship with the continent. Beyond the mutual economic benefits, this renaissance in Israel-Africa relations is an opportunity, among other things, to bolster support for Israel on the international stage, particularly at the United Nations. In the early years after independence in 1948, Israel enjoyed a unique relationship with many African nations. Recently freed from British rule and newly independent after thousands of years of exile and occupation of our homeland, Israel served as a role model for many African states caught in their own struggles with colonialism. A special bond soon formed between the...
(Voice of America 07/12/16)
The 27th assembly of the African Union (AU) has opened in Kigali, Rwanda with the theme: “2016: Year of Human Rights” with a particular focus on the rights of women. The assembly of heads of state will take place between July 17 and 18. Also of interest at this year’s meeting is the fact that current AU commission chairperson Nkosazana Dlamini-Zuma of South Africa has decided not to seek a second term. There is speculation that Botswana, Equatorial Guinea, and Uganda will put forward the names of their foreign ministers to succeed Dlamini-Zuma. AU Commission Chair should represent a democratic government But Nigeria-born Chika Onyeani, publisher and editor-in-chief of the African Sun Times newspaper says there should be a democracy...
(Financial Times 07/11/16)
Despite wariness after Brexit, group of 54 countries moves towards pan-Africanism. They are calling it Africa’s answer to Brexit. Even as Britain’s decision to leave the EU threatens the very fabric of the European project, African countries that were once carved up by European colonialists, are seeking to break down borders through closer integration. Next week, the African Union, which groups 54 countries, will issue e-passports that permit recipients visa-free travel between all member states. Beneficiaries will initially be limited to heads of state, foreign ministers and permanent representatives of the member states to the AU’s Addis Ababa headquarters. The ideal is to eventually roll it out to all 1bn Africans, although that might take years, or even decades. Nkosazana...

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