D.A. Barber, 10:19 am AFKI Original
Peace is good for business. Just ask anyone who owns an oil field in Africa. China began deploying soldiers to a U.N. peacekeeping force in South Sudan in September to help guard their beleaguered oil fields,
D.A. Barber, 3:33 am AFKI Original
The coming year is shaping up to witness a number of important national elections in sub-Saharan Africa. And when leadership changes occur fear is raised that foreign projects and contracts will come under review, be postponed, or even cancelled
D.A. Barber, 10:44 am AFKI Original
When the new Republican-led 114th Congress convenes in January, it will be tasked with dealing with some important legislation – all harbingers of U.S.-Africa relations for 2015 – and further into the decade. The Energize Africa Act has been waiting for Senate action since this past summer;
D.A. Barber, 12:10 am AFKI Original
Angola’s Oil Minister, Botelho de Vasconcelos, told a press conference on Dec. 12 after the approval of the State General Budget for the 2015 economic year that all the country could do was “just wait,” since the new budget was based on oil being estimated at $81 a barrel. Nigeria and Angola are the main oil producers in sub-Saharan Africa. But imports to the United States of light crude from Africa declined by 92.7 percent between 2010 and 2014, particularly from Nigeria and Algeria,
D.A. Barber, 2:08 am AFKI Original
South Africa’s national utility Eskom was forced to implement “stage 2 rotational load shedding” over the last few weekends to augment its lack of diesel fuel for reserve power. In fact, November was a rough month for South Africa’s traditional power industry trying to keep the lights on amidst announcements of more power outages eminent through 2015.
D.A. Barber, 3:09 am AFKI Original
The Corporate Council on Africa will serve as the officially launch the group’s new Power Africa/Trade Africa web portal to maneuver the complexities of doing business in sub-Saharan Africa during a Dec. 16 meeting of their Power Africa working group. That evening, the Council’s Annual Awards Dinner will also take place, recognizing four African business members
D.A. Barber, 5:22 am AFKI Original
The UN’s Food and Agriculture Organization recognized the progress made by 13 countries – including Cameroon, Ethiopia, Gabon, The Gambia, Mauritania and Mauritius – for achieving outstanding progress in fighting hunger at a Nov. 30 awards ceremony that was broadcasted live on webcast.
D.A. Barber, 12:47 am AFKI Original
When it comes to drawing investors to Africa’s green economy projects, perception can be everything, according to U.S.-based consultancy Dual Citizen LLC. The 4th edition of Dual Citizen’s Global Green Economy Index took an in-depth look at how 60 countries and 70 cities are developing their environmentally friendly economies and found that actual performance of green economies and how experts perceive that performance can differ widely.
D.A. Barber, 2:09 pm AFKI Original
A new online tool ranks 19 sub-Saharan African countries for their potential as renewable energy investment destinations. South Africa ranked third out of 55 in the world and No. 1 in Africa. Kenya and Uganda made it onto the list’s top 10 in Africa. Despite the current development challenges, Ebola-ravaged Sierra Leone and Liberia also made the list of 19 top African nations. Green energy is expected to supply half of Africa’s new power generation by 2040, according to an October International Energy Agency report.
D.A. Barber, 2:19 am AFKI Original
With grand rivers like the Nile, Congo, Niger, Zambezi and Limpopo, sub-Saharan Africa appears to have ample water. But the uneven distribution of those and other water resources leaves many countries facing increasing levels of water stress as population and economic growth outpaces existing water infrastructure. “Only 58 percent of Africa’s population enjoys access to safe drinking water,” according to the African Development Bank,