Sunday 19 November 2017
(The Associated Press 10/25/17)
Addis Ababa, Ethiopia (AP) -- The U.S. ambassador to the U.N. says her government will continue sending aid to South Sudan despite the stalling of a peace process to end the civil war that has killed tens of thousands. Nikki Haley spoke Monday in the Ethiopian capital Addis Ababa after meeting with Ethiopian and African Union leaders to discuss Africa's peace and security challenges. Haley said South Sudan's president "doesn't care if we pull USAID. He doesn't care if his people suffer. That's the concern we have." Haley warned South Sudan could become a breeding ground for extremist groups amid the suffering. South Sudan plunged into conflict in December 2013 after a dispute in the...
(Bloomberg 09/28/17)
Ivory Coast President Alassane Ouattara will propose to his counterpart in Ghana that the two neighboring countries and world’s biggest cocoa producers narrow a gap in producer prices to discourage smuggling of beans, according to a person familiar with the matter. Ouattara will call Ghanaian President Nana Akufo-Addo on Thursday before Ivory Coast announces a new minimum price for cocoa purchases on Oct. 1, said the person, who asked not to be identified because he’s not authorized to speak about the matter. Ivory Coast is proposing payments of 750 CFA francs ($1.31) per kilogram for its farmers for the bigger of the two annual harvests that starts next month, compared with 1,100 francs for the previous main crop, said the...
(Bloomberg 09/28/17)
Nigeria plans to sell as much as $5.5 billion of Eurobonds in the next three months to fund capital projects and replace local-currency debt, according to the Debt Management Office. Yields on existing bonds rose. That would bring the amount raised through Eurobond sales by Africa’s most-populous nation this year to more than $7 billion as President Muhammadu Buhari’s administration restructures its debt portfolio to almost double the portion of foreign borrowing in a bid to reduce financing costs. The government wants to raise $2.5 billion in October to help fund 2017’s 7.4 trillion-naira ($20.8 billion) budget
(Bloomberg 09/28/17)
As the battle to succeed South African President Jacob Zuma as leader of the African National Congress grows increasingly fractious, party Treasurer-General Zweli Mkhize is emerging as a possible compromise choice to keep the continent’s oldest political movement from tearing itself apart. While the race for the top job is widely seen as a head-to-head contest between Deputy President Cyril Ramaphosa and Nkosazana Dlamini-Zuma, the president’s ex-wife and former chairwoman of the African Union Commission, Mkhize, a 61-year-old medical doctor, has two advantages: he’s stayed above the infighting and has strong support in his home region of KwaZulu-Natal, which has the most ANC members of the nation’s nine provinces.
(Voice of America 09/27/17)
Al-Shabab militants have launched what appears to be a forced recruitment campaign in Somalia's southwestern regions of Bay and Bakool, according to Somali officials. The group, which controls large parts of both regions, is pressuring leaders of local villages to make sure teenagers join its ranks, according to the governor of Bay region, Ali Wardhere Doyow. "They have been holding meetings for clan elders and told them to meet specific numbers of recruits they want collected from clans," Doyow told VOA's Somali Service. Doyow said many families and their children have fled their villages to larger towns in the Bay region
(Bloomberg 09/26/17)
Ghana’s central bank kept its key lending rate at the lowest since 2015 after inflation accelerated for the first time in four months. The Bank of Ghana left the rate at 21 percent, Governor Ernest Addison told reporters Monday in the capital, Accra. Two of seven economists in a Bloomberg survey predicted the hold, while the rest forecast cuts ranging from 50 to 100 basis points. The central bank of West Africa’s biggest economy after Nigeria’s had reduced the key...
(Bloomberg 09/25/17)
Ayaak Deng’s first-ever flight let her skip over a hundred miles of bloodily contested South Sudan and visit family she hadn’t seen in a year. It’s the kind of trip that’s revitalizing small airlines that initially struggled because of the almost four-year civil war. The airport in the capital, Juba, has recorded about 1,000 domestic passengers a day this month, more than five times the average in the first half of 2016, before a peace deal collapsed and gunmen began...
(Bloomberg 09/25/17)
Rwanda’s police said they arrested an activist barred from running for the presidency and two family members for alleged offenses against state security and forgery. Diane Rwigara, her mother and sister were arrested Saturday after the East African nation’s police “uncovered credible evidence linking the trio to offenses against state security,” the force said in a statement on its website. Investigators have five days to complete the probe and decide whether to forward the case to prosecution, the police said. Rwigara’s lawyer didn’t immediately answer phone calls seeking comment. A women’s rights activist, Rwigara attempted to run in August’s presidential vote against long-time ruler Paul Kagame only to be disqualified
(Bloomberg 09/25/17)
Kenya’s main opposition alliance will begin mass protests this week to force out electoral officials it suspects of rigging last month’s annulled presidential vote. The National Super Alliance will begin its campaign on Tuesday and will continue until the Independent Electoral & Boundaries Commission officeholders resign, said Norman Magaya, chief executive officer of the opposition coalition. It may escalate the protests if lawmakers from the ruling Jubilee Party continue with plans to amend the country’s electoral laws, he said. “Demonstration...
(Bloomberg 09/25/17)
Now that Nigeria’s economy is recovering from its worst slump in 25 years, the central bank can turn its focus to fighting inflation again -- and shoring up its currency. The Monetary Policy Committee has kept its interest rate at a record-high 14 percent since July 2016, trying to support the economy, and will probably hold it there at its decision this week to contain above-target consumer-price growth. Officials can take heart from a pickup in West Africa’s biggest economy...
(Euronews 09/25/17)
Egypt’s economy has started to improve but has yet to recover from the country’s 2011 uprising and the years of unrest that followed – according to the Ratings Agency… Egypt’s economy has started to improve but has yet to recover from the country’s 2011 uprising and the years of unrest that followed – according to the Ratings Agency Moody’s. One of the top reforms on the agenda concerns small and medium enterprises (SMEs). A new law is expected to come...
(Financial Times 09/23/17)
Government departments told to examine relationships with firm after political scandal. South Africa’s finance minister has told all government departments to review their relationship with KPMG in response to the accounting firm’s role in a political scandal over links between the Gupta family and President Jacob Zuma. In a statement published yesterday, South African finance minister Malusi Gigaba, who was appointed in March, said he had “deep concerns about audit matters currently surrounding KPMG”. “These developments further threaten to undermine...
(Bloomberg 09/22/17)
Nigeria’s decision to designate a group campaigning for an independent state of Biafra as “terrorist” and ban it runs the risk of backfiring. A federal high court in the capital, Abuja, on Wednesday granted an application by President Muhammadu Buhari’s attorney general to proscribe the Indigenous People of Biafra, known as Ipob, designating it as a terrorist organization. The move came as tensions escalated in southeastern Nigeria, with the group’s leader, Nnamdi Kanu, threatening to disrupt state elections unless there’s a vote on secession and his supporters clashing with the security forces. “We saw in videos young people willing to confront the military with their bare hands,” Freedom Onuoha
(Bloomberg 09/22/17)
Kenya’s electoral commission rescheduled the date for a rerun of last month’s annulled presidential vote, as President Uhuru Kenyatta slammed the Supreme Court ruling that overturned his victory as a “judicial coup.” The Independent Electoral & Boundaries Commission said Thursday the vote will be held Oct. 26, nine days later than its initial suggestion, to ensure the body is “fully prepared” to deliver a credible election. Just before, Kenyatta said in a televised address that the East African country’s highest...
(Bloomberg 09/22/17)
Dangote Cement Plc, the Nigerian company controlled by Africa’s richest person, has written to PPC Ltd. offering South Africa’s biggest cement maker cash and shares as part of a takeover deal that is fueling a bidding war. PPC’s shares rose. “We are waiting for them to get back to us, hopefully early next week,” Aliko Dangote said in an interview with Bloomberg TV in New York. “They can be part and parcel of the Dangote Cement story, where we’re going...
(Bloomberg 09/21/17)
The United Nations said its road map for peace in Libya wasn’t working in its current form and unveiled plans to revamp the agreement to unify the North African country and pave the way for new elections. Ghassan Salame, the UN’s envoy for Libya, outlined an action plan at a high-level meeting Wednesday in New York. He said the initiative would be led by Libyans to find a way out of the crisis that’s split the nation among rival militias...
(Bloomberg 09/20/17)
South African programs to add coal and gas power generation from independent providers should wait until policies are updated and the nation’s future needs are clearer, said Energy Minister Mmamaloko Kubayi. The government is also seeking a “middle ground” with developers in a program to add renewable-energy projects, she said in a phone interview Tuesday. Kubayi announced earlier this month that the long-delayed contracts must be signed by the end of October, but not before pricing was renegotiated to make the deals more attractive to state-owned power utility Eskom Holdings SOC Ltd. South Africa expanded the so-called independent power-producer
(Bloomberg 09/20/17)
President Muhammadu Buhari urged the international community to support the Lake Chad region in its fight against Islamist extremism even as other conflicts emerge. Nigeria and neighboring countries lack the resources and the capacity to effectively deal with the security threat from groups linked to al-Qaeda and other Islamist organizations, he said Tuesday at the United Nations General Assembly in New York. “New conflicts should not make us lose focus on ongoing unresolved old conflicts,” Buhari said. The Islamist group...
(Bloomberg 09/19/17)
A United Nations commission urged the International Criminal Court to investigate possible crimes against humanity committed in Burundi, saying it had compiled a list of alleged perpetrators of violence during the country’s two-year crisis. The UN Commission of Inquiry on Burundi has reasonable grounds to believe “serious human-rights violations and abuses” have been committed in the East African country since April 2015, its chairman, Fatsah Ouguergouz, said Tuesday in Geneva. The abuses included torture, extrajudicial executions, enforced disappearances and rape, with most victims being opponents of President Pierre Nkurunziza’s government, he said. The commission has drawn
(Bloomberg 09/19/17)
Nigerian Senate President Bukola Saraki said lawmakers will investigate the crisis that erupted in the country’s southeast following clashes between troops and supporters of a group campaigning for an independent state of Biafra. The legislature “intends to embark on a fact-finding investigation aimed at determining what actually happened during the period of the military exercise in the southeast,” Saraki said in a statement on Twitter on Monday. “We want to be able to sift the facts from the fiction and...

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