Latest Africa News
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Africa Can South Africa Help Nigeria to Industrialise
Johannesburg - The lack of economic diversification throughout sub-Saharan Africa means that despite South Africa's pledges to help Nigeria make the automotive sector the West African nation's flagship industrial target, it may be difficult to do so, experts say. Earlier this month, South African Trade and Industry Minister Rob Davies announced the initiative during a visit here by ...
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Africa World Increasingly Dangerous for Refugees and Migrants
Global inaction on human rights is making the world an increasingly dangerous place for refugees and migrants, Amnesty International said today as it launched its annual assessment of the world's human rights. The organization said that the rights of millions of people who have escaped conflict and persecution, or migrated to seek work and a better life for themselves and their families, ...
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Africa U.S. Praises Power of Inclusive Growth for World Economy
Washington - The United States is committed to injecting new capital into the World Bank, the International Monetary Fund (IMF) and other multilateral development banks with the aim of supporting inclusive growth in the global economy, according to Treasury Under Secretary Lael Brainard. "This past year, the U.S. committed to recapitalization across all MDBs [multilateral development ...
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Liberia Gunmen Target Local Oil Installation
Tripoli - An armed group on Monday (May 20th) struck the Mellitah oil and gas complex west of Tripoli, wounding at least two guards. According to a source at the facility, armed assailants from "outside the area" mounted their attack in the early morning. They were able to seize arms and some twenty vehicles before taking off, Libya Herald reproted. Colonel Juma Abdul Jalil, ...
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Namibia HRT Reports Oil Off Namibia
DESPITE skepticism about the latest oil discovery announcement, Namibia's Petroleum Commissioner, Immanuel Mulunga says the announcement by HRT on the non-commercial oil is the beginning of "good things for Namibia". Namibia's quest to find viable fields has been delayed after Brazilian oil company HRT confirmed that they have discovered oil which is not suitable for ...
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Africa AU Celebrates 50th Anniversary
The African Union (AU), previously the Organisation of African Unity (OAU), marks its 50th anniversary this week with a series of events aimed at building a common identity and sense of belonging among all people on the continent. On Monday, the Scramble for Africa Conference, involving academics from the continent and the diaspora, started in Pretoria. On Wednesday, a gala dinner pitched as a ...
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S.Africas Marcus monetary policy appropriately accommodative
PRETORIA | Thu May 23, 2013 9:23am EDT PRETORIA May 23 (Reuters) - For highlights of South African Reserve Bank Governor Gill Marcus' news conference after the Bank's policy meeting, and quotes from her speech, please double-click on (Reporting by Johannesburg ...
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Cemetery of giant creatures found in Central Africa
A team of anthropologists found a mysterious burial in the jungle near the city of Kigali Rwanda (Central Africa). The remains belong to gigantic creatures that bear little resemblance to humans. Head of research group believes that they could be visitors from another planet who died as a result of a ...
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S.Africa central bank outlook for mining sector remains bleak
PRTEORIA | Thu May 23, 2013 9:11am EDT PRTEORIA May 23 (Reuters) - For highlights of South African Reserve Bank Governor Gill Marcus' news conference after the Bank's policy meeting, and quotes from her speech, please double-click on (Reporting by Johannesburg ...
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S.Africa central bank sees breach of inflation target in Q3 of 2013
PRETORIA | Thu May 23, 2013 9:07am EDT PRETORIA May 23 (Reuters) - For highlights of South African Reserve Bank Governor Gill Marcus' news conference after the Bank's policy meeting, and quotes from her speech, please double-click on (Reporting by Johannesburg ...
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UPDATE 1-Nigerias NNPC and Exxon unit to tap bond market by 2016
Thu May 23, 2013 8:59am EDT * NNPC funding problems holding back oil projects * Exxon and NNPC joint venture has 550,000 bpd oil capacity By Joe Brock and Emma Farge ABUJA/GENEVA, May 23 (Reuters) - Nigeria's state-oil company and a local unit of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in developing oil exploration projects, the companies have said. The ...
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Terror Attack in London
A police officer carries an evidence bag containing a knife near the scene of the killing of a British soldier in Woolwich, London, May 23, ...
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Amnesty Growing Danger for Refugees
Amnesty International says the world is growing more dangerous for refugees and migrants. The organization’s annual report says the rights of millions of people who have escaped conflict and persecution -- or migrated to seek work and a better life -- have been abused. to De Capua report on Amnesty International 2013 findings Amnesty says, "Another year has been lost for ...
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Viettel Group adds Swaziland to list of prospective markets
In an interview with Vietnam Investment Review, Viettel's deputy general director Duong Van Tinh named Swaziland as a market in which it is keen to secure a mobile licence. South ...
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Kenya Liberian President Sirleaf makes stop-over in Nairobi
Nairobi and was received at the Jomo Kenyatta International Airport by Cabinet Secretary for Devolution and Planning Ms. Ann Waiguru. Liberia's Honorory Consul in Kenya Mr. Kimani Benson Mathu was also in ...
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Twin terror attacks in Niger leave several dead
Islamist suicide bombers a military barracks and a mine run by French nuclear group Areva on Thursday, killing and wounding several. Military sources said several soldiers were killed in a gun battle with radicals following a car bomb attack at the barracks in Agadez, the largest town in northern Niger. Areva said at least 13 members of staff were wounded in another bomb attack at about the ...
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Careless food storage sidelines Swaziland’s hungry
Smallholder farmers from Swaziland's eastern Lubombo District. The country suffers from persistent food insecurity and more than 100,000 people are currently estimated to be food insecure MBABANE, 23 May 2013 (IRIN) - Mounds of food aid intended for Swaziland’s food insecure were recently found rotting in the government’s main storage warehouses at the Matsapha Industrial ...
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Vale Rio Tinto attacked in Mozambique
Maputo - Global mining giants Vale and Rio Tinto have neglected thousands of Mozambicans who have been moved from mining areas and resettled without proper homes or income, Human Rights Watch alleged on ...
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SABMiller boosted by Latam Africa surges
Brussels - SABMiller, the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in earnings in Latin America and ...
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AFRICA INVESTMENT-Zambia risks breadbasket dream with subsidy cuts
By Chris Mfula LUSAKA | Thu May 23, 2013 8:44am EDT LUSAKA May 23 (Reuters) - Zambia's decision to cut subsidies on maize and remove a fuel subsidy is likely to hamper output of the staple grain, raise prices and dash its goal of becoming a regional breadbasket. The southern African country reduced a subsidy on fertiliser to 50 percent from 75 percent, so farmers will now pay more ...
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20 killed in 2 simultaneous car bombs in Niger
NIAMEY, Niger (AP) -- Niger's defense minister announced that 20 Nigerien soldiers were killed and another 16 injured when a suicide bomber detonated a car loaded with explosives inside a military installation in the city of Agadez on ...
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Zimbabwe The sweet business of Harares airport road
As part of a deal that Harare city council signed for the construction of a highway to the airport, the city is having to expand so it can award new land to the contractors. The contract says the city can pay for part of the $80m project in land, but Harare has run out of space.As a result it is re-designating agricultural land nearby.Signed in 2009, the public-private partnership is a sweet one ...
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South Africa Zuma expresses outrage at circumcision related deaths
South African President Jacob Zuma has expressed shock and outrage at the deaths of 30 young men at a traditional circumcision clinic in the country's Mpumalanga province. The circumcision, seen as a rite of passage for millions of young men in the country, has seen almost 30 young men die this week.Addressing the House of Traditional Leaders in parliament, Zuma called for swift justice for ...
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Namibia Drought-Stricken Farmers Sell Off Livestock
Walvis Bay - Some commercial and communal farmers in the Omaruru district have started to sell some of their livestock as the drought tightens its grip across the country. Last Friday President Hifikepunye Pohamba declared a national drought emergency and also issued an international appeal for assistance. The chairperson of the Omaruru Farmers Association, Marten van Wyk, said the situation is ...
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Namibia Trade With the UK Dropped in 2012
Windhoek - The decentralisation of De Beers' rough-diamond sorting and trading from London to Namibia, under the Namibian Diamond and Trading Company, and Botswana under Diamond Trading Company Botswana, put a dent on the overall trade figures between Namibia and the United Kingdom. Previously, exporting rough Namibian diamonds to the UK for sorting and processing had propped up overall ...
Nigeria Focus
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Nigeria calling on US for misconception help
Nigeria is one of the main producers of drug lords and immigrants and is beset by political instability and groans under the weight of poverty and human strife. At least, this is the perception many in the world have, a perception that is all too narrow in its scope.
Nigeria has an enduring reputation as an exporter of criminals, drug lords, terrorists and immigrants. Such perceptions are only amplified by the recent attempted bombing of a US-bound plane on Christmas Day by Umar Farouk Abdulmutallab, a Nigerian, or the arrests every year of various Nigerian drug lords in countries around the world. Read more
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