| Africatime
Sunday 26 March 2017
(BBC News Africa 02/27/17)
Hosts Zambia got off to a flying start in the Under-20 Africa Cup of Nations when they beat Guinea 1-0 in front of a packed home crowd at the Heroes Stadium in Lusaka. Austria based Patson Daka put on a match-winning performance as he picked up a split pass before slotting the ball in the net in the 48th minute. Daka, who stars for FC Liefering, had been tormenting the Guinea backline for the better part of the first half but had to wait until the second half to get his reward. The hosts started on a fast-paced note that saw Zambia register the first threat as early as the second minute when Mohammed Camara appeared to trip Daka although...
(AFP (eng) 02/27/17)
An African road movie about four women wowed its audience Sunday as it kicked off the Panafrican cinema and television festival (Fespaco), a showcase for the continent's burgeoning film industry. "Borders" ("Frontieres") directed by Apolline Traore, a Fespaco laureate in 2013, sweeps across Africa as its protagonists journey through Senegal, Mali, Burkina Faso and Benin on their way to Nigeria. Along the way the women -- Ivorian, Senegalese, Burkinabe and Nigerian actresses -- are spared nothing as they are beset by customs officers, thieves, murderers and rapists. The film -- the first feature-length film to show at the festival -- deals with "the bravery of women," Traore told AFP at the festival in the Burkinabe capital Ouagadougou. "There is a...
(Xinhuanet 02/23/17)
Zambia's year-on year inflation slowed down by 0.2 percentage points in February, its statistics agency said on Thursday. The annual inflation declined from 7.0 percent in January to 6.8 percent in February, according to the Central Statistical Office (CSO) monthly release. John Kalumbi, the director of the statistics agency attributed the decline to changes in non-food prices. However, monthly inflation remained unchanged at 1.2 percent, he added. On Wednesday, the country's central bank projected that the annual rate of inflation will remain within the target rate of 6 to 8 percent over the medium term.
(AFP (eng) 02/23/17)
For the first time in Africa, researchers said Wednesday they have detected a malaria parasite that is partially resistant to the top anti-malaria drug, artemisinin, raising concern about efforts to fight a disease that sickens hundreds of millions of people each year. The discovery means that Africa now joins southeast Asia in hosting such drug-resistant forms of the mosquito-borne disease. Malaria infected more than 200 million people and killed some 438,000 people worldwide in 2015, most of them children in Africa. "The spread of artemisinin resistance in Africa would be a major setback in the fight against malaria, as ACT (artemisinin-based combination therapy) is the only effective and widely used antimalarial treatment at the moment," said lead author Arnab Pain,...
(Xinhuanet 02/22/17)
Africa Energy Indaba, the continent's premier energy event, kicked off in Johannesburg on Monday with the aim of finding solutions to the continent's energy future. The three-day conference is being attended by the governments' representatives, business and funders. The meeting seeks to unleash the continent's potential by coming up with an energy mix to develop Africa. Dr. Garth Strachan, Deputy Director General and Head of Gas Industrialization Unit in South Africa's Department of Trade and Industry said the recent discoveries of gas in Mozambique, Angola and Tanzania provides a huge opportunity for the continent. He said there is a need for the countries to work together to tap benefits from the gas for the good of the continent. Strachan said...
(Itweb Africa 02/21/17)
Despite a public outcry, the Zambian government has refused to reverse its decision to award 60% shares of the national broadcaster to Chinese digital television provider TopStar. This follows a joint venture between the Zambia National Broadcasting Corporation (ZNCB) and TopStar television which will see the rolling out of set top boxes for digital television under the TopStar brand as the country migrates to digital television. Before the deal, ZNBC was 100% owned by the Zambian government. According to the deal for the next 25 years, TopStar will be collecting all ZNBC advertising revenues and tower rental fees. The money will go towards the servicing of a US$273 million loan that the Zambian government has contracted from the Export-Import Bank...
(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 the proceedings where a judge will have to decide how much Thakkar -- described in videos posted on his foundation’s website as "Africa’s Youngest Billionaire" -- is worth. Thakkar says he has assets of 445,532 pounds ($553,000) while his wife,...
(Xinhuanet 02/18/17)
Zambia recorded an increase in coal production in 2016 compared to the previous year, the ministry of mines said on Friday. The southern African nation saw coal production increasing to 126,050 tonnes in 2016 from 103,439 tons in 2015, representing a 21.9 percent increase, according to figures released by the Ministry of Mines and Minerals Development. The increase was due to the reopening of a coal mine, Column Coal Mine, in southern Zambia's Sinazongwe district, which commenced operations in August 2015 after being placed on care and maintenance in 2013, Ministry Permanent Secretary Paul Chanda said in a statement. The ministry has since projected a bright future for coal mining in the country as demand for the commodity was expected...
(AFP (eng) 02/17/17)
Zambian authorities on Friday sought to arrest the managing editor of the country's leading opposition newspaper, which was closed down last year ahead of presidential elections. Fred M'membe faces contempt of court charges in a long-running legal battle over tax payments and alleged unpaid salaries since The Post newspaper was shut and its publishing company wound up. Police raided M'membe's house in Lusaka on Wednesday evening but they failed to find him, and his wife Mutinta M'membe was arrested for allegedly obstructing the police. An arrest warrant was issued for Fred M'membe on February 14, according to documents seen by AFP. He is accused of "failing to deliver up to the provisional liquidator the real and personal property, books and...
(Zambia Reports 02/16/17)
Fred M’membe’s wife Mutinta has spent a night in police cells after she was picked up by police following a search at their Nangwenya road house. And the Lusaka Magistrate Court has issued a warrant of arrest for M’membe over the tabulation of property of the liquidation facing Post Newspapers. Police went to M’membe’s house with a search warrant that his wife tore apart infuriating the police who picked her up and detained her at Lusaka Central Police. The police however went ahead and searched M’membe’s house. Meanwhile, a manhunt for M’membe has been launched following problems over the properties that the liquidator has been having. M’membe is accused of concealing property and also posing as a Post Newspapers agent...
(Zambia Reports 02/16/17)
Former Church of God Overseer Bishop John Mambo has backed calls by some sections of the Zambian society for the country to maintain its membership of the International Criminal Court (ICC). Bishop Mambo says there is no reason to warrant Zambia’s withdraws from the ICC. He states that judicial systems in most African countries as well as democratic systems are still developing and have more to learn from countries with developed systems. Bishop Mambo notes that most African leaders have poor records of promoting human rights in their countries and as such, their countries need to maintain membership of the ICC. He stresses that as long as African leaders have poor records of promoting human rights in their countries, the...
(AFP (eng) 02/15/17)
Sub-Saharan Africa, where more than a half billion people live without electricity, trails the world in government policies that promote sustainable energy, according to a new World Bank report Wednesday. Much of the rest of the world, however, has made strides toward making energy broadly available, developing renewable power sources and increasing efficiency, the inaugural Regulatory Indicators for Sustainable Energy report said. In a survey of 111 countries, the World Bank found that through 2015 nearly 80 percent had begun to adopt policies to expand electrical grids, connecting them to solar and wind generation, and to help make electric utilities creditworthy and financially viable while keeping energy prices down. More than a third of countries, home to 96 percent of...
(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 to make a new deal to help Nigeria "in terms of military weapons." The statement said Trump also commended Buhari for the strides Nigeria is making against Islamist radical group Boko Haram, and invited Buhari to come to Washington at...
(Xinhuanet 02/10/17)
The Zambian government on Friday announced the start of a fish farming project aimed at boosting the production of fish for both local consumption and export. The Aquaculture Productivity and Market Enhancement project aims at achieving the target of producing 50,000 tons of fish per year in two years. Minister of Fisheries and Livestock Michael Katambo said the African Development Bank (AfDB) has pumped 50 million U.S. dollars into the project. Apart from producing fish for local consumption, the project will help the country produce surplus fish for export, he added. According to him, the high demand for fish in neighboring countries such as the Democratic Republic of Congo as well as the international market provides an opportunity for the...
(Reuters (Eng) 02/10/17)
Canada’s First Quantum Minerals plans to invest over $1-billion in a new smelter and modernisation of a copper mine in Zambia, a senior Zambian official said on Wednesday, but the company said the investment was “very conditional.” Zambia’s high commissioner (ambassador) to South Africa Emmanuel Mwamba told Reuters by telephone that First Quantum Minerals Chief Executive Officer Phillip Pascal had announced the investment on Wednesday when he met Zambian officials attending a mining conference in Cape Town. First Quantum planned to invest $700-million in a new smelter whose location the company did not specify and $350-million would be invested in modernizing its Kansanshi copper mine, Mwamba said. “These are fresh investments which should help boost Zambia’s economic growth,” Mwamba said...
(AFP (eng) 02/10/17)
Up to 18 players at the just-completed Africa Cup of Nations could be involved in the new-look CAF Champions League when it kicks off this weekend. Among them is Georges Bokwe, one of two unused goalkeepers in the Cameroon squad that defeated Egypt in the final last Sunday in Gabon. Bokwe was kept out of the starting line-up by the consistent brilliance of Spain-based Fabrice Ondoa, who was included in the team of the tournament. But Bokwe is the first choice for regular Champions League entrants Coton Sport from northern Cameroon cotton town Garoua. Coton qualified for the 2008 final, losing to Al Ahly of Egypt, but have fared poorly recently with first round exits in the past two seasons...
(Standard Digital 02/09/17)
Hundreds of business and political personalities yesterday attended a German-African economic summit in Nairobi, where German Minister for Economic Cooperation and Development Gerd Mueller talked about his “Marshall Plan” for Africa. The plan is “with Africa, not for Africa,” Mueller (pictured) said, stressing that it would be based on cooperation between equals rather than the principles of traditional development aid. The plan, which Mueller presented to the German parliament’s development committee on Wednesday, is based on fair trade conditions, investment and increasing aid for educational projects. One of the goals of the plan, which the German opposition received with scepticism, is to curb migratory flows from Africa to Europe. Mueller called on German companies to focus on Africa, which he...
(Xinhuanet 02/08/17)
The Zambian government said Tuesday that the plan by the European Investment Bank (EIB) to set up an office in the country was a clear endorsement by Europe that Zambia was one of the best investment destinations in Africa. Minister of Finance Felix Mutati, who has just returned from a tour of some European countries to strengthen economic cooperation, said the European bank promised to set up an office in Zambia by the third quarter of 2017. According to him, the coming of the European bank will improve the country's credit-rating bench mark. The Zambian delegation held a seminar with the European bank during the visit to the EIB headquarters, during which EIB Deputy Director Patrick Walsh said significant progress...
(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, reality proved to be grimmer than he had anticipated. Patrick and two of his male relatives, also travelling from Douala, were beaten, robbed and held captive by organised predatory groups. Finally, their tumultuous journey came to an end in Algeria,...
(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 said it had secured as much as $416 million in commitments for the African venture from both its own funds and partners, including the Ontario Municipal Employees Retirement System, a Canadian pension fund and CI Investments Inc., according to the...

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