Politics: Latest News
Kevin Mwanza, 4:34 am
The United Nations (UN) is calling for the formation of a tribunal or special court to prosecute Eritrean leaders over allegations of widespread human rights abuses since 1991. The calls come after a UN Commission of Inquiry on human rights in the nation found that the government enslaved, imprisoned, committed forced disappearances, torture, rape, persecution, murder and other crimes against the citizens to remain in power
Dana Sanchez, 1:46 pm
Nairobi traffic is among the worst in Africa. With 3.915 million people, the city has tried for years without success to solve the gridlock in the CBD. Kenya’s souped-up minibuses — some with names, flashing lights and onboard entertainment — are often blamed for the traffic. Kenyan regulators have tried repeatedly to ban them. Brian Wanyama is on a one-man quest to document matatus before they’re forced to disappear.
Kevin Mwanza, 4:30 am
Kenya, East Africa’s biggest economy, is embroiled in yet another corruption scandal after $49.2 million (Sh 5 billion) went missing in the Ministry of Health through manipulation of a tendering system, diversion of funds and double payments of goods. The latest corruption case comes barely a week after President Uhuru Kenyatta publicly admitted his administration might be losing the war against a vice that has seen Kenya lose millions of dollars
Kevin Mwanza, 3:32 am
Zimbabwean president, Robert Mugabe issued a presidential decree to amend the Reserve Bank Act of Zimbabwe (RBZ) Act, paving way for the use of bond notes in efforts to ease a cash shortage that has hit the struggling African economy since March. The presidential decree passed on Monday did not however set timelines for the introduction of the bond notes, which will be used as legal tender.
Dana Sanchez, 5:45 pm
Elephant conservation in protected areas has positive economic returns comparable to investing in education and infrastructure, according to new research. In African game parks where elephant numbers are suffering due to poaching, tourist numbers are suffering too. There have always been strong moral reasons for conserving elephants, a study author said. “Our research now shows that investing in elephant conservation is actually smart economic policy.”
Kevin Mwanza, 11:05 am
The Ethiopia government has released about 2,000 #OromoProtest detainees who had been arrested since the declaration of the state of emergency mid-last month and pledged to call for a political dialogue with the Oromo and Amhara communities. At least 1,500 weapons were also recovered by security forces and over 400 people surrendered to the police during a 10-day amnesty period declared by the government,
Dana Sanchez, 12:11 pm
Oil-importing African countries are showing an improved business environment as the continent endures its slowest growth in more than two decades. In contrast, countries that export commodities are under economic pressure due to low oil prices including three of Africa’s largest economies. Some countries that are doing better are predicted to grow at more than 6 percent. IMF predicts average growth will fall to 1.4 percent in 2016, less than half of 2015 growth.
The South Africa rand jumped against the U.S. dollar on Monday after the country’s National Director of Public Prosecutions, Shaun Abraham dropped fraud charges that had been preferred against Finance Minister Pravin Gordhan. The rand gained 1.6 percent to the green back after the news reached the market, according to Reuters data. Gordhan was due to appear in court on Wednesday over fraud charges related to the approval of Ivan Pillay’s early retirement package
Peter Pedroncelli, 6:02 am AFKI Original
Despite all of the issues plaguing South Africa at the moment, the country may manage to avoid a ratings downgrade in 2016. After surviving the potential downgrade of the country’s investment grade credit rating in June this year, the ratings agencies are set to pronounce judgement on South Africa once again in the coming months, and there is a risk that the country could be downgraded to below junk status. Here are 12 reasons why South Africa will avoid a ratings downgrade this December.
Staff, 12:12 am
Trade deals criticized as harmful to U.S. economic interests have emerged as a key issue in the race for the White House. Trump could include AGOA as part of a general offensive against U.S. trade agreements. A threat to the program will more likely come from unfair competition on the part of the European Union. African regional trade blocs are in talks with the E.U. on deals that would allow E.U. goods to enter the continent duty-free.
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