Politics: Latest News
Dana Sanchez, 11:22 am
It’s cheaper to produce tomato paste in China and export it to Nigeria and other African markets than to produce it locally, according to Nigeria’s No. 1 tomato paste processor. Tomato paste is used widely in Nigerian dishes from jollof rice to soups. Eric Umeofia, CEO of Erisco Foods, said he plans to exit the Nigerian market. The news came as a shock to Nigerians. Erisco has the largest tomato processing plant in Nigeria and the fourth largest in the world.
Dana Sanchez, 3:59 pm
When it comes to predicting how President Donald Trump will affect U.S-Africa trade relations, opinions are divided. The election will result in few changes for Africa, a Liberian activist said. Obama has demonstrated that “regardless of a person’s race, gender, or socioeconomic position, U.S. presidents always protect U.S. interests.” Others say it will be bad news for Africa. Trump’s opposition to multilateral trade deals – which he says are unfair to the U.S. – could endanger the African Growth and Opportunity Act introduced in the Clinton era.
Dana Sanchez, 4:31 pm
PIC may get international investment to buy Barclays Plc’s remaining 50 percent stake in Barclays Africa, worth around $4 billion, an unnamed source told Reuters. Any investor with PIC would have to meet South Africa’s government quotas on black ownership. “PIC has always looked at Barclays Plc’s retreat as an opportunity to create a black-owned bank, but there aren’t many people with deep pockets to make that happen,” an unnamed source said.
Dana Sanchez, 12:57 pm
More than 70 percent of the world don’t have a street address, and sub-Saharan Africa leads. About 200 million people live in slums — home to the informal economy that is creating jobs. Big box stores like Cape Town-based clothing retailer Foschini Group are tapping in to the economic buying power of informal settlements. They’re coming up with innovative solutions to deliver e-commerce purchases to people who don’t have addresses.
Dana Sanchez, 3:32 pm
Language is a barrier to investment in Africa, but economists say African innovators should think beyond English when developing innovations aimed at solving local problems. There are more than 3,000 languages spoken in Africa by some counts. Language barriers — especially an inability to communicate in English — have hampered trade in Mozambique, where Portuguese is spoken by more than half the population, and Rwanda, where Kinyarwanda is spoken by most Rwandans, but English is an official language.
Dana Sanchez, 10:28 am
Ethiopia is home to nine UNESCO World Heritage sites — more than any other African country. The U.S. and U.K. have warned citizens against traveling there after peaceful anti-government protests led to police violence and a state of emergency. Mixed messages are coming from the government and citizens. The U.K. Foreign Office reported widespread disruption to road travel with official and unofficial roadblocks appearing with no warning. “The lack of consistency is concerning,” a stakeholder said.
Kevin Mwanza, 7:08 am AFKI Original
The Democratic Republic of Congo (DRC) has experienced years of civil war mainly due to fights for political power and control of the country’s vast mineral deposits. The Central African nation was set to hold its presidential election in November, this year, but the poll was postponed to next year, a move that has led to wide-spread violence across the country.
Staff, 12:01 am
Obama’s push for LGBT rights has shifted attitudes globally but some are fighting it. Washington, D.C.-based World Bank lends money in developing countries. This year, it researched LGBT discrimination globally and collected data. The bank created a new advisor whose job is to report violence gainst LGBT in the 136 countries in which it does business. Fifty-four African countries want a new U.N. investigator suspended whose job is to investigate human rights violations against LGBT. There’s a good chance their resolution will pass.
Staff, 8:25 am
South African President Jacob Zuma’s chances of serving out a second term may have dimmed after being implicated in a new graft probe and that could tip the race to succeed him in favor of his deputy Cyril Ramaphosa. Ramaphosa, 63, and Nkosazana Dlamini-Zuma, Zuma’s 67-year-old ex-wife whose term as chairwoman of the African Union Commission ends in January, are regarded as front-runners to take over from Zuma
Kevin Mwanza, 6:19 am
President Jacob Zuma is facing strong calls by the opposition and a section of the ruling party, religious leaders and business community to resign following the release of a report linking him to various counts of corruption on Wednesday. The nation’s former Public Prosecutor, Thuli Madonsela, appointed to investigate complaints of government misconduct released the 355-page report dubbed, ‘State of Capture’
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