Politics: Latest News
Staff, 6:29 pm
The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.
Dana Sanchez, 4:47 pm
Ethiopia was the world’s fastest growing economy in 2015 at 10.2 percent. China has invested heavily Ethiopian infrastructure, funding railways, roads, dams, and sub-Saharan Africa’s first modern tramway in Addis Ababa. Chinese firms have also stepped up engagement in Ethiopian manufacturing and upped their supply of manufactured goods exported from China. Ethiopian Airlines has a new $150 million cargo terminal under construction that is scheduled to be completed by April.
Global Risk Insights, 12:51 pm
Wildlife tourism represents 80% of total annual travel sales to Africa. Environmental crime deprives countries of future revenue. After China announced last week that it plans to end all commerce in ivory by the end of 2017, illegal poaching is back in the spotlight. Corruption remains the key enabler of wildlife trafficking. High-level members of poaching syndicates, sometimes government officials, are rarely convicted. The fight against environmental crime has to be addressed as a political issue. It’s the world’s fourth largest crime sector after drug smuggling, counterfeiting and human trafficking.
Dana Sanchez, 6:15 pm
Teodorin Obiang, the vice president of Equatorial Guinea, is in line to succeed his father, the president. The son also faces 10 years in prison and a $105 million fine for money-laundering. The country’s treasury paid almost $115 million into Obiang’s personal account. Africa’s only Spanish-speaking country is often criticized for repression, torture, corruption and unlawful killings. France is preparing cases against relatives of other African leaders including from Congo, Gabon and CAR.
Kurt Davis Jr., 8:15 am AFKI Original
Mozambique had a tough 2016. The country is unable to pay its debt until gas revenues are available after 2021. Public debt is expected to be near 130 percent of GDP by the end of 2016. The IMF continues to help Mozambique negotiate with creditors – a bright spot considering the IMF suspended aid to the country in April after evidence of $2 billion in hidden loans came to light. This “hidden debt” by state-owned firms has destroyed creditors’ trust in Mozambique.
Andrew Friedman, 5:44 pm AFKI Original
Sierra Leone takes religious tolerance seriously. Not only are relations cordial between the two main religious groups in the West African country, but it is not unusual here to be both Christian and Muslim. Thousands of Sierra Leoneans are known as ChrisMus. “I see it as the same religion,” one of the faithful said, sporting a Jesus bracelet. “All of us say it’s the same god that we’re worshiping.” Overall, the country ranks as “partly free” for human rights compliance.
Dana Sanchez, 11:28 am
Newly elected Tshwane Mayor Solly Msimanga went to Taiwan for trade opportunities. The ruling ANC is furious, crying treason, conspiracy against BRICS and disrespect for the One China policy. The mayor said he considered SA-China ties but the need to create business opportunities should transcend party politics. Msimanga was elected mayor after the Democratic Alliance’s victory in Tshwane in the Aug. 3 municipal election. His office spent the first 100 days undoing “financial disaster” left behind by the ANC.
Dana Sanchez, 10:40 am
Women must get a husband’s permission to obtain identity cards in at least two African countries. However there are many African countries where women have unequal access to property, land and tenure rights. This hinders women from contributing to their countries’ economic growth, the African Development Bank says. The finance institution was established in 1963 to contribute to African economic development and social progress. It provides financing to African governments and private companies. So how much money are we talking about? In 2015 alone, AfDB disbursed $8.8 billion US.
Staff, 8:50 am
Longtime Gambian ruler Yahya Jammeh took power in a coup 22 years ago. He lost the country’s Dec. 1 election, and initially conceded defeat, congratulating opposition leader Adama Barrow for his “clear victory.”Jammeh said, “I will help him work towards the transition. Then Jammeh changed his mind. The 15-country Economic Community of West African States (ECOWAS) is threatening military intervention with troops led by Senegal.
Kurt Davis Jr., 4:29 pm AFKI Original
A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.
- Real Estate