Tag Archives: resources
resources: Latest News
Reuters, 9:38 pm
Monday’s hijack followed a long hiatus, with only 4 unsuccessful attempts in the past 3 years. The lull encouraged foreign fishing vessels to return to Somali waters. Now shipping companies are scrambling to learn if pirates will once again threaten one of the world’s most important shipping lanes and cost the industry billions of dollars. Locals are infuriated at government failure to crack down on foreign fishing vessels. The last straw was when 7n Thai fishing vessels paid the local government more than $672,000 for fishing licences, A Bosasso-based weapons dealer said orders have increased for rocket-propelled grenades, machine guns and ammunition.
Dana Sanchez, 12:10 am
Immigrant communities in South Africa have been reporting an upsurge of xenophobic violence for weeks, raising fears that anti-foreigner sentiment could spark a recurrence of attacks that claimed 67 lives in 2008 and 2015. Residents have complained on social media that foreigners are selling drugs and forcing South African girls into prostitution. A demonstration is planned on Feb. 24 to protest against the presence of Nigerians, Pakistanis and Zimbabweans.
Kurt Davis Jr., 8:49 am AFKI Original
Japan has a favorable rating in many countries. The Chinese have been criticized for executing half-effort projects such as using poor quality materials on roads. China-Africa trade in 2015 amounted to about $180 billion — nearly 7.5 times more than Japan-Africa trade. African leaders are watching and appear willing to benefit from the sociopolitical competition between the two countries. If the numbers grow because of the “race to Africa,” Africa will benefit.
Peter Pedroncelli, 4:40 am AFKI Original
South Africa is one of the most mineral- and resource-rich countries in the world, and mining commodities are 60 percent of the country’s exports. The depreciation in commodity prices over the past few years has been a major blow to the South African economy, with the demand for many of the mineral resources waning internationally. Eight of South Africa’s 10 largest individual export categories are characterized as commodities.
Dana Sanchez, 2:08 pm
Canadian money coach and self-described minimalist Lama Farran shares 5 things she says the West can learn about money and rural African values. On a trip this year to East Africa, Farran found the concept of spending money you have not yet earned — buying on credit — to be almost non-existent in the communities she visited.
Dana Sanchez, 3:29 pm
New data show Nigeria is no longer just an oil-based economy. While oil and gas are critical sources of government income and exports, resources account for just 14 percent of GDP. Agriculture and trade are larger and growing faster. While this is not generally recognized, Nigeria’s productivity, though low, has been growing recently and now contributes more to GDP growth than the country’s expanding population. Yet the results of Nigeria’s economic progress have not been spread evenly.
Makula Dunbar, 3:32 pm
G. Jayakrishnan, International Enterprise Singapore’s group director for Middle East and Africa recently sat down to pinpoint major approaches to business and why Africa’s overall investment potential has progressed. Noting that Africa is rich in resources and commodities, he said that the continent is in need of many products and services to accommodate the rise in development.
Makula Dunbar, 6:21 pm
In a recent interview with Namibia’s Prime Minister Hage Geingob, The Africa Report revisited infrastructure and economic initiatives implemented by government, inquiring about about status and overall satisfaction.
Makula Dunbar, 1:03 pm
In 1999 — about a decade after women in the country’s northern region began to demand equal treatment, Shoreview, Minnesota-based dairy company Land O’ Lakes’ international division created a partnership where women in dairy farming would gain tools and resources to aid them in taking charge of land, livestock and production.
Makula Dunbar, 12:32 pm
Cheryl Anderson, outgoing Country Director, United state Agency for International Development (USAID) Ghana, has urged Ghana to focus on becoming aid independent and a major supplier of goods and services to countries in the sub-region.
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