Politics: Latest News
It’s Back: South Africa Invites Foreign Financing ‘Solutions’ On Nuclear Fleet, Cites Koeberg SuccessBy Dana Sanchez, 12:46 pm
Nuclear fleet South Africa – it’s back. After many delays, SA has invited foreign financing solutions, formally jumpstarting its stalled nuclear build program. It put out a request for information from potential foreign contractors. Despite public protests, the government wants to build a new fleet of nuclear power stations. A RFP was delayed following reports that Russia had already secured the deal. France, U.S., China and South Korea are interested too. One thing SA has on its side is experience.
Kurt Davis Jr., 10:11 am AFKI Original
It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.
Dana Sanchez, 1:29 pm
Steinmetz’s attorney says his client is determined to prove his innocence. He says Guinean President Alpha Conde is trying to cover his own corruption by confiscating Steinmetz’s mining rights. The investigation is being conducted in the U.S., Switzerland and Guinea, part of a global push led by the OECD to address official corruption in member states, an Israeli newspaper reported. Guinea is not an OECD member. There are no African member countries in the Paris-based Organisation for Economic Co-operation and Development.
Dana Sanchez, 8:34 am
Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has secured $1.3M seed funding from investors including Tencent and Comcast Ventures. China’s Tencent is 46% owned by South African media company Naspers. Comcast is the largest broadcasting and cable TV company in the world. Donald Trump said he intends to keep business ties to Comcast, staying on as executive producer for the spin-off of Comcast affiliate NBC’s “Celebrity Apprentice” series.
Dana Sanchez, 2:09 pm
Grace bought a $1.4 million diamond ring from a Dubai dealer and paid for it from her Zimbabwe account at the Commercial Bank of Zimbabwe. She changed her mind and demanded a refund to her bank in Dubai. The country’s economy is crippled by cash shortages and a forex crisis. President Robert Mugabe is immune from prosecution while in office. Grace is not immune. Many Zimbabwean lawyers won’t risk taking on Grace, but the diamond ring case is the second time Beatrice Mtetwa has gone head-to-head with the first lady.
Staff, 4:53 pm
Ethiopia’s controversial Gibe III dam got an official inauguration Saturday. UNESCO has condemned it. Human rights groups say it has displaced people in the Omo Valley and will decrease water downstream all the way to Kenya’s Lake Turkana. A far more controversial Ethiopian dam, Africa’s largest ever, is scheduled for completion in 2017. The Grand Renaissance Dam will produce the equivalent electricity of six nuclear reactors.
Dana Sanchez, 11:42 am
With 13.5M people, Guangzhou, China, is one of the most populous metropolitan areas on Earth, and it’s though to have Asia’s largest African population. Formerly known as Canton, the city was home at one point to up to 200,000 Africans, although that number has been disputed. One trend seems undisputed. The African population in Guangzhou is shrinking. Africans are leaving for greener pastures elsewhere in Asia.
Staff, 9:19 am
South African anti-apartheid activist Steve Biko would have been 70 years old today. He was killed at age 30 by South African police while in detention. Biko fought to promote black consciousness during apartheid. While in medical school, he co-founded South Africa’s Black Consciousness Movement, which rejected apartheid and encouraged pride in racial identity and cultural heritage. Google is honoring the memory of Biko today with a doodle, altering the logo on its homepage. Apart from Nelson Mandela, nobody symbolized the struggle against the apartheid more than Steve Biko.
Kurt Davis Jr., 11:34 am AFKI Original
Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.
Dana Sanchez, 10:53 am
They made headlines around the world when peaceful protests against government land use changes turned violent. Now Oromo voices are being heard thanks to an entity more often associated with tourism than governance — UNESCO. The traditional Oromo governance system, Gada, has been inscribed on UNESCO’s list of intangible cultural heritage of humanity. Gada could be a basis for modern democracy, researchers say. Gada has some features that differ from western democracies. One is the distribution of power. Another is a testing period for elected leaders.
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