Politics: Latest News
Staff, 5:36 pm
Poor power supply is partly to blame for the Nigerian government’s inability to build a robust auto industry. That leaves vehicle imports as one of the only ways to meet local demand. Nigeria’s auto market is worth over $4 billion a year, but it does not translate into anything meaningful, a stakeholder said. Starting in 2015, stiff new tariffs were levied on new and used Nigerian vehicle imports. Imports fell more than 50 percent.
Staff, 1:01 am
Obama should instruct the U.S. State Department to designate ivory poachers for what they are: Terrorist financiers and facilitators of ISIS- and al-Qaeda-affiliated groups in sub-Saharan Africa. Make the life expectancy of poachers so short that no one will risk taking the job. And that requires a few well-placed military drone strikes on poaching camps from any number of our established drone bases in Djibouti, Niger, Kenya, Ethiopia, Somalia, South Sudan, Burkina Faso or the Seychelles.
Dana Sanchez, 10:57 am
A scholarly tradition tied to agriculture, stargazing in Ethiopia predates Christianity. Some historians argue that the first study of celestial bodies can be traced back to Ethiopia. Ethiopia’s space ambitions could make it the first country in the Horn of Africa and Northeast Africa to become a space power. Developing satellites and rocket launchers locally in Ethiopia could prompt Kenya, Uganda, Egypt and even Sudan to accelerate their own space ambitions.
Peter Pedroncelli, 1:25 am AFKI Original
The year 2016 was not an easy one for South Africa, but investor outlook for the year 2017 certainly looks more positive. Having survived a tough year, investors are now looking at South Africa to gauge whether or not to invest their funds in the emerging market, but there are a flurry of reasons to give the country a second glance in 2017. We take a look 12 things that are expected to improve investor outlook in South Africa during 2017.
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.
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