This bi-annual analysis of Africa's economic health shows that the continent's strong growth has not been as powerful in reducing poverty due to high levels of inequality.
Via Carlo A. Zanaboni
Africa : Commodity Bridgehead to Asia
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Houston oil and gas companies support Angola’s upper class while the African country’s poor are left to fend for themselves.
"While technically a democracy, Angola is firmly under the control of the fabulously wealthy dos Santos family. A general election is scheduled for 2017, but no one expects the president to abandon his seat of power. It has been too profitable for his family and friends. Meanwhile, the majority of the population lives in wretched poverty. The United States, for its part, has veered every which way in its policy toward Angola"
SA’s Competition Commission had reasonable grounds to suspect that the companies had engaged in collusive practices.
"The anti-graft agency said it was conducting a search and seizure operation at the premises of Hamburg Sud South Africa, Maersk South Africa, Safmarine, Mediterranean Shipping Company, Pacific International Line South Africa and CMA CGM Shipping Agencies South Africa"
The Black Management Forum has accused the government of backtracking on transformation policies in South Africa.
South Africa's Black Management Forum (BMF) has accused the government of backtracking on transformation policies in South Africa.
Revenues from Harare-listed Simbisa Brands’ fast-food counters topped $67m in the nine months to June.
"Tills are chiming at Zimbabwe quick serve restaurants, with revenues from the Harare-listed Simbisa Brands’ fast foods counters that include Nando’s, Steers and Chicken Inn topping $67 million (R917m) in the nine months to June"
SA’s mining industry tends to make the mistake of defending itself only in terms of its direct contribution to the socia
"It is common to hear anti-mining activists suggesting that the South African mining industry is exploitative and that it fails to contribute any real social and economic benefits to South Africa. The facts tell a very different story"
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With their links to industry, access to research, and top drawer facilities, universities can be a catalyst to a Silicon Africa.
"If Africa is serious in its goal of becoming a breeding ground for hi-tech innovations and startups, it should bear these lessons in mind. With their links to industry, access to research, and top drawer facilities, universities can be a catalyst to a Silicon Africa"
Wells Fargo, a US bank to help fund power, infrastructure in Africa. The poorest countries are eligible. Malawi eyes the prize.
"San Francisco-based Wells Fargo bank has contributed $50 million to build an innovative power and infrastructure loan facility in Africa as part of $300 million in funding to be managed by South Africa-based Standard bank, one of Malawi’s largest banks"
Seychelles President Decision To Resign In Oct. Shocks Nation. President James Michel surprise announcement that he plans to leave office next month has shocked many
"Seychelles President James Michel surprise announcement that he plans to leave office next month has shocked many in the Indian Ocean archipelago island and dealt a blow to the ruling party, Parti Lepep, that lost majority for the first time in history in parliament since it came to power in 1977"
Botswana independence: The world's No. 1 diamond producer is celebrating 50 years of freedom from British colonization.
"The world’s No. 1 diamond producer, Botswana is home to a vibrant economy and is famous for its high-end safari experiences. As the country celebrates its golden jubilee — 50 years of independence from Britain — here are 10 things you didn’t know about Botswana"
She's accused by a high-ranking official of being a CIA spy. Does South Africa's public protector have the worst job in the world?
"South Africa’s deputy defense minister has accused her of being a spy for the U.S. Central Intelligence Agency (CIA). There’s a contract on her on her life by a Western Cape gang that she’s taking seriously, and she has been forced to investigate her boss — the person who hired her, President Jacob Zuma"
Africa's last remaining monarchy may be small, but it packs a potent punch for visitors. From sublime handicrafts (different from what you'll see in South Africa) to unique safaris, Swaziland's Ezulwini Valley is the traditional home of the royal family. There are plenty of ways to keep busy for 48 hours in the valley. Skip the capital, Mbabane, and continue south for about 12 kilometers. This is where most of Swaziland's tourism infrastructure is concentrated.
"Africa’s last remaining monarchy may be small, but it packs a potent punch for visitors. From sublime handicrafts (different from what you’ll see in South Africa) to unique safaris, Swaziland’s Ezulwini Valley is home to the royal family"
Some hotels and lodges in Kenya have voluntourism opportunities that show you a different side of Kenya by immersing yourself in the local culture.
"Different organizations offer week-long or two-week projects you can do at the beginning or end of your trip. This allows you to combine a vacation with volunteer work, and kill two birds with one stone. The reward? Getting to see a whole different side of Kenya by immersing yourself in the local culture"
Tourists Flock Somalia, as stability slowly returns to the nation, to visit attraction sites that have been left in ruins after two decades of war
"Tourists are flocking into Somalia, as stability slowly returns to the nation, to visit attraction sites that have been left in ruins after two decades of a civil war that turned the horn of Africa nation into one of the world’s most dangerous places"
Blockchain has been seen as a threat to central securities depositories: S. Africa, Russia collaborate on global first in fintech distributed ledger tech.
"The central securities depositories of South Africa and Russia have agreed to collaborate on finding fintech solutions using distributed ledger technology — the basis of blockchain — in a first-of-its-kind agreement globally"
Turkey's credit downgrade could be a bad omen for South Africa
"Emerging economies looked on, clutching one another’s arms and grimacing, as their Turkish peer was dealt its junk status blow by rating agency Moody’s last Friday. Like the climax of a B-grade horror movie, you couldn’t tear your eyes away from the screen despite its predictability"
Taking travel in Africa to a whole new level, with an app to guide the way
Since launching Rare Customs in 2014, which facilitated investment in small and medium African enterprises in agriculture and tourism, founder Cherae Robinson has continued on her upward trajectory. Her mobile app, TSTMKRS Africa, aims to disrupt “what the world thinks about Africa, one trip at a time”
Death of Israel's Peres: He won a Nobel prize but his Middle East peace dream remained elusive
"Shimon Peres, who died on Wednesday at the age of 93, never realised his vision of a new Middle East built upon a 1993 interim peace deal he helped to shape with the Palestinians. But Israel’s elder statesman won world acclaim and a Nobel prize as a symbol of hope in a region long plagued by war fuelled by deep religious and political divisions"
Kenya Airways is talking to about three or four foreign institutional investors and airlines about buying a stake to raise cash for the loss making carrier, its chief executive said on Monday.
"Kenya Airways is talking to "about three or four" foreign institutional investors and airlines about buying a stake to raise cash for the loss making carrier"
Morocco has signed an agreement that Boeing will seek to attract its suppliers to boost the kingdom's aeronautics industry.
"The "Boeing ecosystem" project aims to bring around 120 suppliers of the company to help raise Morocco's aeronautics exports by $1bn and create 8,700 jobs"
A highly informal economy has inspired tech innovators to find tailored solutions, and investors are responding.
"There is new hope for Egypt’s large unbanked population thanks to recently formed financial technology (fintech) accelerators and the launch of services to bring people into the banking sector"
African governments in the grip of Eurobond fever should look closer to home to secure financing vital to their economic development as borrowing costs on international debt markets rise, the president of the African Development Bank said.
"Africa has seen a boom in dollar-debt issuance over the past decade as countries have sought to borrow, often for costly infrastructure projects, at a time when investors in the United States and Europe sought out higher yields in emerging markets"
The Africa Report gains rare access to Eritrea, where tough living conditions are pushing young people out of the country and into perilous journeys to neighbouring countries and beyond.
"The government acknowledges that people are leaving in droves, but says it is part of an international conspiracy to weaken Eritrea"
BEIJING, Sept 22 (Reuters) - Russia reclaimed the top spot as China's largest crude oil exporter in August from Angola, customs data showed on Wednesday
"Russia reclaimed the top spot as China's largest crude oil exporter in August from Angola, customs data showed on Wednesday, reflecting stockpile building and increasing demand from independent refiners during the month"
Oil is slowly climbing back to $50 a barrel as a deals between Saudi Arabia and Russia and an agreement on production in Venezuela helped to stabilise prices.
"Oil is slowly climbing back to $50 a barrel as a deal between Saudi Arabia and Russia and an agreement on production in Venezuela helped to stabilise prices"