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Old August 23rd, 2019, 10:32 AM   #26841
Nyumba
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Quote:
Originally Posted by Genbank View Post
Does anything that Europe did in the past justify that others could do it now?

Weirdest reasoning ever...only in Africa.
How long ago, do you mean the 60s? That law was never repealed by them, in facts it's still part of the Rwandan code (and probably Congolese/Burundese) to this day, even if of course it's not implemented.

Rwanda to repeal all colonial laws
Quote:
“It is hard for us to explain how we still have colonial laws when we currently have a functional parliament,

“Right now we are fighting for our economic independence and there is no way we can’t fight for our legal independence as well,” he added.
The country is going to remove all those laws that were democratically imposed on us from the point of view of someone that looked at us as subhumans. You can have whatever political system, humans are still going to do the same things over and over.

Democratic US police doesn't shoot easily at Blacks for error, it's because they see them as dangerous threat and are scared to deal with what they see as semi-animals, that's how they easily unload their guns. Again, there is no whataboutism in pain/death, what happens to AAs happen to many ethnic groups in different countries and different political systems.

Belgium to this day, like all European countries, has ideologies and parties built on the idea of the intrinsic inferiority of Blacks, the neonazi Vlaams Belang for example. They can democratically get votes and get seats in parliament, doesn't mean it will protect the right of Blacks to be considered equals to other humans, in facts their idea is to take power and trump that same right. (they also want to dissolve Belgium so they have my full support)

Last edited by Nyumba; August 23rd, 2019 at 10:43 AM.
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Old August 23rd, 2019, 11:55 AM   #26842
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with the help of China the most important hospital in Kigali built by the Belgians in 1918 will be relocated to a new facility, the old one bulldozed because it's on prime real esate land (near Serena Hotel and the Kigali Village expo area).

Construction of new $100m hospital to start in 2020
Quote:
“Currently, the Chinese are in the process of recruiting a construction company and the budget is put at $100 million. The new project will bring onboard 837 beds and this is a significant boost to the health sector.”

In February, sources indicated that the government intended to relocate CHUK to Masaka but not much – including cost estimates of the new facility – was, at the time divulged.

At the time, Dr Théobald Hategekimana, CHUK Director-General, only confirmed that all aspects were being handled by the Ministry of Health.

The Minister for Health, Dr Diane Gashumba, then said designs for the facility’s new location were being wrapped up, with the help of the Chinese government.
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Old August 23rd, 2019, 12:42 PM   #26843
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Im not interested.

What I want is successful AAs coming and investing like Jews do in Israel and Lebanese do in Lebanon.
I don’t like the narrow focus on africa Americans. America actually receive the least amount of enslaved people. It seems overly commercial because AAs have more income. This focus should also be on the Caribbean and South America. In fact the impact there may be stronger and the cultures easier to blend
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Old August 23rd, 2019, 02:52 PM   #26844
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Quote:
Originally Posted by Genbank View Post
The civil rights movement happened many decades ago... another generation, and other customs, compare them with their Chinese contemporaries (Tiananmen, Tibet...).

Both systems are amoral??? Gosh what did we miss in Africans' education to generate such slaves mentality...
After expelling our former european masters, we seem to have developped a Stokholm syndrome that require local masters to continue the enslavement... Are you able to think by yourself? trust your fellow citizens? or will you need some sort of a master to tell you what to do until the end of times?

When you compare countries with similar cultures, the democratic version almost always beat the autocratic form, because democracies have good institutions, an independant justice system, human rights, free economies with fair competition... a dictator will always need corruption, a predatory class and a biased justice to survive.

India vs Pakistan
China vs Taiwan (or Korea)
Senegal vs Mauritania
...



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Based on your responses, I think you have a balloon in your head that exploded, not a brain.
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Old August 23rd, 2019, 02:59 PM   #26845
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US names Nigerians in massive fraud investigation

The US authorities have charged 80 people, "most of whom are Nigerian nationals", with participating in a conspiracy to steal millions of dollars, prosecutors say.

They are accused of using business email fraud schemes and romance scams to con victims - many of them elderly.

Police have so far arrested 14 suspects across the US, 11 in Los Angeles alone.

The authorities say it is one of the "largest cases of its kind in US history".

The FBI investigation is a major step to disrupt criminal networks, US Attorney Nick Hanna said.

"This case is part of our ongoing efforts to protect Americans from fraudulent online schemes and to bring to justice those who prey upon American citizens and businesses," he added.

The FBI started investigating the case in 2016 in a single bank account but it later extended to cover multiple victims in the US and around the world.

All the 80 defendants have been charged with conspiracy to commit fraud, conspiracy to launder money, and aggravated identity theft, the US Attorney's Office in the Central District of California said in a press release.

Two Nigerian nationals, identified as Valentine Iro and Chukwudi Christogunus Igbokwe, who are part of those arrested in the US, have been named as co-conspirators working with others in the US and in Nigeria, to obtain money from victims and then transfer it abroad.

They managed to fraudulently obtain $6m (£5m) in a conspiracy aimed at stealing $46m, the US Attorney's Office alleges.

The remaining 66 defendants are believed to be abroad, "with most them located in Nigeria", the authorities say.

The suspects used illicit money exchangers to move money to Nigeria, generally avoiding transferring the funds directly through banking institutions, the indictment says.

The authorities have listed a total of 252 charges against the 80 suspects.

One of the victims, a Japanese woman named FK in court papers, was conned out of $200,000 after being contacted by a fraudster identifying themselves as US Capt Terry Garcia who wanted to smuggle diamonds out of Syria.

https://www.bbc.com/news/world-africa-49446845
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Old August 23rd, 2019, 03:15 PM   #26846
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Heated reactions trail FBI's arrest of 80 Nigerians in US for massive fraud

The United States government on Thursday, August 22, released full details and identities of the 80 suspected Nigerian fraudsters arrested in the country. They were charged with participating in a massive conspiracy to steal millions of dollars through a variety of fraud schemes and launder the funds through a Los Angeles-based money laundering network. As the news of the massive fraud which the US termed as "historic" broke out on Thursday, Nigeria's social media space has been awash with heated reactions.

The most populous nation in Africa already has a very fragile image owing largely to the activities of internet fraudsters, Yahoo boys, over the years. This latest discovery is considered by many Nigerians as a complete shattering of the national image so many Nigerians have been struggling to rebuild.

Meanwhile, the arrest of the 80 Nigerians is coming barely a week after the Federal Bureau of Investigation (FBI) apprehended a Nigerian serial entrepreneur identified as Obinwanne (Invictus Obi) Okeke. Okeke, who was listed among Forbes 100 Most Influential Young Africans 2018, was arrested by the FBI over $12m fraud.







Read more: https://www.legit.ng/1255807-heated-...ive-fraud.html
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Old August 23rd, 2019, 05:01 PM   #26847
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Standard Bank expecting the Ivory Coast to start taking off

Standard Bank Group expects its investment into French-speaking West African countries to start taking off once its Ivory Coast business becomes established and Senegal becomes operational.

“The real growth acceleration will come after 2020,” Joel Toure, the chief executive of Standard Bank’s Ivory Coast unit, said in an interview in Abidjan, the economic hub of the world's biggest cocoa producer. “This zone was one of the missing links of the group in Africa.”

Africa's largest lender is relying more and more on its operations outside of South Africa, where it's known as Stanbic Bank, to bolster earnings amid slumping economic growth in its main home market.

The Johannesburg-based company started an office in Ivory Coast in April last year, with its eye on Senegal next, as it seeks to add to operations across 17 African countries, mainly in corporate and investment banking.

Regulatory approval to open a branch in Senegal using its Ivorian licence probably won't come before the end of next year, said Toure.

Stanbic expects to grow with multinational corporates, especially Chinese firms and state-owned companies, expanding in the region, said Toure, who was appointed chief executive in June, taking over from Herve Boyer, who is transitioning to a new role as director of regional development for the West African Economic and Monetary Union. The company is well positioned to handle transactions within the West African region from its Abidjan base, he added.

The eight-member West African Economic and Monetary Union is largely driven by the Ivorian economy, which is expected to expand by 7.5percent in 2019, according to the International Monetary Fund. Ivory Coast is preparing to hold presidential elections in 2020 amid increasing political tension in an economy that's been one of Africa's top performers.

https://www.iol.co.za/business-repor...g-off-31159512
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Old August 23rd, 2019, 11:53 PM   #26848
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World Bank senior official acknowledges Tanzania's SGR project

DAR ES SALAAM, Aug. 23 (Xinhua) -- A senior official with the World Bank on Friday acknowledged the standard gauge railway (SGR) project being undertaken by the government of Tanzania using local resources, saying it was a vital economic link.

Anne Kabagambe, the World Bank's Executive Director for Africa Group, praised President John Magufuli after she had visited construction of the SGR between the business capital Dar es Salaam and Morogoro region, said a statement by the Ministry of Finance and Planning.

Kabagambe said the project being constructed by a Turkish company called Yapi Merkezi will, upon completion, act as an economic link between Tanzania and other African countries, said the statement.

"I have been impressed by measures being taken by President Magufuli toward the implementation of this mega project by using local funding," said the official.

She said she will consult with the World Bank and other international financial institutions to see how they can support Tanzania toward the construction of the SGR.

"This SGR project will definitely open socio-economic opportunities for the African region," said Kabagambe.

Felix Nlalio, the Tanzania Railway Corporation (TRC) director for Infrastructure, said the construction of the first phase of the SGR from Dar es Salaam to Morogoro region covering 300 kilometers started on May 2, 2017 and will be completed on Nov. 2, 2019 at a cost of 2.7 trillion Tanzanian shillings (about 1.2 billion U.S. dollars).

Nlalio said upon completion of the construction of the SGR project, transport along the central corridor covering Burundi, the Democratic Republic of Congo, Uganda and Rwanda will improve tremendously.



http://www.china.org.cn/world/Off_th...t_75132257.htm

World Bank pledges to continue supporting Tanzania's poverty reduction

DAR ES SALAAM, Aug. 23 (Xinhua) -- The World Bank has pledged to continue supporting Tanzania's poverty reduction initiatives under the Tanzania Social Action Fund (TASAF), the bank's senior official said on Friday.

Anne Kabagambe, the World Bank's Executive Director for Africa Group, pledged the support after she had visited implementation of the first and second phases of TASAF at Keko in the commercial capital Dar es Salaam.

A statement by the Ministry of Finance and Planning said Kabagambe was impressed to see women supported by TASAF, a program being financed by the World Bank, making high quality goods including leather shoes, baskets, beads, pots and decorations.

"After I have witnessed the impressive work being done by women to pull themselves out of the poverty trap I will appeal to the World Bank in Washington to continue supporting implementation of phase three of the program," the statement quoted Kabagambe as saying.

Uwessu Misanga, an executive officer for Keko Machungwa area, said between Feb. 2015 and Feb. 2019, TASAF released 86.1 million Tanzanian shillings (about 37,461 U.S. dollars) to assist poor families.

Misanga said the money was spent on buying food, boosting primary school attendance and enabling women to send children aged below five years to clinic.

TASAF was initiated in 2000 by the government of Tanzania as one of its initiatives on poverty reduction.

The program is aimed at empowering poor households graduate out of poverty and gain sustainable social and economic development.

On Wednesday, Kabagambe said the World Bank was ready to release loans to Tanzania to the tune of 1.7 billion U.S. dollars that the bank had withheld, a senior official with the bank said on Wednesday.

"I have come to inform the minister (of Finance and Planning) that the World Bank is back actively in business with the Republic of Tanzania," said Kabagambe.

Kabagambe announced the World Bank's commitment to assisting Tanzania during talks with Philip Mpango, the Minister for Finance and Planning.

Kabagambe said the money will be used for funding implementation of education, health, urban development and economic inclusion in Zanzibar. She said the money will be released starting July 2020.

http://www.xinhuanet.com/english/201..._138332881.htm
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Old August 24th, 2019, 12:00 AM   #26849
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Home to Over Half the Population, Nigeria's Cities Continue to Boom

In an article for Bloomberg, Judd Devremont and Todd Moss highlight the rapid urbanization of Africa, arguing that the success or failure of Africa in the global economy will depend on its cities. In Nigeria, this can be seen most clearly in Lagos.

At independence in 1960, Lagos had an estimated population of 763,000; today it is about 13 million. Together with Lagos state, the population reaches 21 million. While Lagos is by far the largest city in Nigeria, security concerns, rural poverty, and hopes for greater economic opportunity are driving people to cities all over the country. In the decade between 2007 and 2017, Nigeria’s urban dwellers increased from 41 percent of the population to about 50 percent. In 2019, there were 7 cities with a population of one million or more, 80 with a population ranging between one hundred thousand and one million, and 248 with a population between ten thousand and one hundred thousand.

But much of this urbanization is unplanned and chaotic. According to a World Bank report about African cities, "Africa’s cities feel crowded precisely because they are not dense with economic activity, infrastructure, or housing and commercial structures." They lack "formal housing in reach of jobs, and without transport systems to connect people living farther away," forcing residents to "forgo services and amenities to live in cramped quarters near their work." The realities of life in Nigerian cities are hard. In Lagos, about two of every three people live in a slum. Less than 10 percent of residents have access to piped water (for those that do, it is often riddled with sediment and unsafe to drink), forcing urban households to purchase water from vendors at up to three times the normal price charged by Lagos state. Only six percent of urban households have a flushing toilet that is connected to a sewage system.

But life goes on. For all its shortcomings, Lagos is the center of much of what is dynamic and vibrant about Nigeria, a point Judd and Todd stress about African cities in general. The informal economy provides employment incompletely captured by statistics. In Lagos, there are few beggars; everyone has a hustle. Vendors working the city’s ubiquitous traffic jams (“go slows”) sell everything from mops and buckets to juju materials to the complete works of Shakespeare. Others provide services, such as washing the feet of market ladies several times a day. It is the home of Nollywood, a home-grown film industry that is widely influential in Africa and spreading around the world. It is the center of Nigerian telecommunications, and cell phone use is ubiquitous. The Nigerian Communications Commission stated that Internet users in Nigeria numbered 116 million in March 2019—well over half of the country’s estimated population. The most modern of financial and other services are available to clients in the Lagos-Ibadan corridor, the capital Abuja, and sporadically elsewhere. Information technology and sophisticated financial services are starting to power the modern sectors of the economy, though not to the same extent as in South Africa or Kenya, though the economy of Lagos state is larger than that of Kenya. Hence, as Judd and Todd argue, they require attention for their enormous potential, both good and bad.



https://www.cfr.org/blog/home-over-h...-continue-boom
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Old August 24th, 2019, 12:03 AM   #26850
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Senegal Eager to End Poverty

After leaving Senegal for France as a young girl, Wade says she was struck by the stark differences between life in her home country and the one in her new home.

The passion behind Senegalese-born entrepreneur Magatte Wade’s perseverance runs close to home indeed: born in a small fishing village south of Dakar, Wade now runs organic skincare company Skin Is Skin, whose products are currently stocked in the upscale Whole Foods supermarket chain across the United States. She is determined to demonstrate firsthand the central role entrepreneurship plays in lifting communities out of poverty.

After leaving Senegal for France as a young girl, Wade says she was struck by the stark differences between life in her home country and the one in her new home. Why was one region of the world so wealthy, she wondered, while another languished in extreme poverty?

Why is it that a couple decades ago, China, for example, was at the same level as many African countries. And yet today … countries like Singapore made it, countries like Hong Kong made it,” she commented in the documentary Made in Mékhé, produced by the Foundation for Economic Education (FEE), “Even a place like Dubai, bare land of sand—desert sand—and then all of the sudden within 12 or 15 years Dubai is one of the financial centers of the world. What happened?

The question was one that would ultimately shape her career. In wealthier nations, Wade observed, commerce and trade was facilitated by authorities. In the economically successful cities of Hong Kong and Dubai, for example, it was historically much easier for individuals to start and operate a business than it was in Senegal. More business means more economic opportunities— not just for individuals but for the country as a whole

Frustratingly for Wade, Africa has a long-standing problem with excessive regulations and red tape which makes starting a business profoundly difficult compared to overseas ventures. Despite a burgeoning entrepreneurial culture throughout the continent, many hurdles remain for individuals keen to kick off an innovative venture.

Wade’s home country of Senegal, however, is now making a serious effort to change all that. President Macky Sall has made developing an entrepreneurial culture one of his highest priorities, and his administration has announced a number of measures that look to make his pledge a reality. Government support has been a long time coming—the pervasive corruption that characterised the government of Abdoulaye Wade, Macky Sall’s predecessor, particularly thwarted would-be entrepreneurs.

...



https://www.africanexponent.com/post...iating-poverty
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Old August 24th, 2019, 12:04 AM   #26851
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Uganda’s coffee, maize, beans exports fall

Kampala, Uganda | THE INDEPENDENT | Uganda exported less merchandise in the 2018/2019 financial year compared to the previous year, according to information from the Bank of Uganda research department.

The country’s export earnings were only upped by gold, which came from other countries but was re-exported from Uganda.

Dr. Adam Mugume, the Executive Director for Research at BoU, said the main drop in exports was in maize and beans. For coffee, he said, the drop was in volume but also the prices of the cash crop nosedived.

Flowers, hides and skins, and tea also saw a drop in their export earnings in the 2018/19 financial year. Also, a fall was seen in light manufacturing products.

Mugume said it was not necessarily about being out competed in the country’s traditional market, Kenya, but also because our customers had stocked.

According to figures compiled by the Central bank, coffee earnings dropped from US$492m in 2017/18 to US$416m in 2018/19 financial year. Maize had the sharpest drop from US$124m in 2017/18 to US$59M in the just concluded financial year.

Beans exporters also faced it rough in the last financial year with their earnings falling from US$123m in 2017/18 to US$39m in 2018/19 financial year.

Christopher Makode, the director of Mega Holdings Ltd, who deal in maize exports, told URN that one of the reasons could be that production was low locally last year amidst high demand – especially from schools.

According to the Famine Early Warning Systems Network (FEWS NET), a kilogram of maize now costs Shillings 1200 up from Shillings 600 it cost in August 2018.

The slight up in prices is due to a drop in production as farmers stayed away from the crop after prices fell heavily in the 2017/18 financial year.

Julius Kalonde, a member of the Uganda Maize Exporters Association, said Kenya had turned to Tanzania for its maize needs because Uganda’s quality was poor due to poor post-harvest handling.

Overall, according to BoU, Uganda’s imports went up by 20.7% last financial year.

While exports were up by 12% if you include gold, figures show a fall of 9% if you exclude it.

Uganda is on the offensive to increase export earnings so as to reduce on the trade deficit but also support the local currency against major currencies like the US dollar and British pound.



https://www.independent.co.ug/uganda...-exports-fall/
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Old August 24th, 2019, 12:16 AM   #26852
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Angola expected to have two more years of economic recession in 2019 and 2020

Angola is expected to see another two years of recession, with rates of -2.2% in 2019 and -1.9% in 2020, according to the latest forecasts from the Economist Intelligence Unit (EIU), released on Thursday.

The expected economic growth from 2021 onward at a rate of 2.5%, which will be followed by 4.1% in 2022 and 5.0% in 2023, will be the result of the positive developments in the non-oil sector.

The EIU analysts point out the reforms introduced by the new Angolan government in the oil sector to attract investment in the exploration of new deposits but add that this activity will take years to deliver and falls beyond the period under analysis (2018/2023).

Oil production fell by almost 10% in 2018 to an average of 1.488 million barrels per day, due precisely to the depletion of some of the wells and a lack of investment.

“Notwithstanding the introduction of numerous tax incentives, Angola has been struggling to attract international investment to deep and ultra-deepwater blocks, where the cost of extracting each barrel of oil is higher,” the EIU said.

Accordingly, the EIU expects Angola’s oil production to fall further in 2019 and 2020, remaining below the production quota of 1.48 million barrels per day agreed by the Organization of Petroleum Producing Countries (OPEC), with international oil prices expected to fall further and, consequently, investment decisions to be postponed.

The average economic growth of 3.9% per year over the 2021/23 period will be the result of the development of the agricultural, mining, construction, industry and services sectors, also due to the need to introduce reforms that improve the business environment considering the decline of the oil sector.

The EIU also forecasts a continued depreciation of the kwanza, Angola’s currency, in 2019, with the dollar averaging 338 kwanzas, which in 2023 is expected to have increased to 384.8 kwanzas.



https://macauhub.com.mo/2019/08/23/p...m-2019-e-2020/
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Old August 24th, 2019, 12:41 AM   #26853
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Japan Is Taking on China in Africa

With more strategic investments, Japan may hold a key to sustainable development on the continent.

In late August, Japan will host the Seventh Tokyo International Conference on African Development (TICAD) in Yokohama. The conference is the cornerstone of Japan’s development efforts on the continent and is co-organized with a number of international partners, including the United Nations, the United Nations Development Programme, the World Bank, and the African Union Commission. This year’s summit will look to cement Tokyo’s shift from focusing on outright assistance to a more holistic partnership with Africa that involves working with the private sector on sustainable development and critical infrastructure. As Japanese Prime Minister Shinzo Abe noted at the last conference—held in Kenya in 2016—Japan wants African countries to view Tokyo as a partner rather than simply a donor.

Traditionally, Tokyo focused its efforts in Africa on soft-power diplomacy, mainly through the provision of development aid. That is changing, though, for a number of reasons. First, given its size and its domestic economic woes, Japan is finding it harder and harder to compete in terms of quantity of funding with other players on the continent, especially China.First, given its size and its domestic economic woes, Japan is finding it harder and harder to compete in terms of quantity of funding with other players on the continent, especially China. Second, Tokyo is realizing that its assistance should be more directly linked to its core foreign-policy interests, including promoting its Free and Open Indo-Pacific (FOIP) vision, in which Africa plays an important role.

Despite Japan’s strong relationships in Africa, especially with Algeria, Nigeria, and South Africa, among others, it is struggling to catch up with China’s recent spending spree. Although Japan’s foreign direct investment in Africa remains substantial—as of 2017, it had a stock of $9 billion in investments there—it is a fraction of that provided by China. According to the United Nations Conference on Trade and Development, by the end of 2017, China’s stock in Africa was $43 billion. The spread between those numbers is set to grow even more. As Japan has leveled off spending, China has more than doubled its own investment in the last five years, a trend that is set to continue.

The story is even worse when it comes to trade. Japanese exports to Africa dropped by almost half over the last decade and now sit at approximately $7 billion. Meanwhile, Chinese trade has accelerated at breakneck speed, with exports surpassing $100 billion in 2018. It also imports nearly $100 billion worth of goods from Africa. The closer economic relationship has led to some political convergence as well, with most African states openly endorsing Beijing’s flagship Belt and Road Initiative, despite concerns from Japan and others about the sustainability and transparency of the initiative.

Although Japan is unable to narrow the gap—in real financial terms—with China, it can provide a credible alternative. In Africa, Chinese investment is not just focused on gaining access to resources, but it also has political and security dividends, including China’s first-ever overseas military base in Djibouti and its picking off of the few remaining diplomatic allies of Taiwan. (Eswatini, formerly Swaziland, is the only remaining country on the continent that recognizes Taiwan.) China’s foothold in Africa creates complications for Japan. Tokyo also maintains a base in Djibouti, and the close proximity of their bases—in addition to a large base maintained by the United States—has led to concerns about Chinese surveillance.

Beyond China, Japan also hopes that its support for Africa’s sustainable development will help Japan gain backing from the TICAD’s other members for reforming the United Nations, especially the U.N. Security Council. Tokyo, one of the largest donors to the U.N., has long lobbied for a permanent seat on the Security Council and has urged African states, among others, over the years to support its position. This campaign has been particularly important in Africa considering the number of votes (54) African countries hold in the U.N. Japan’s goal this year will be to get the conference’s participants to go even further than they did at the end of the last TICAD in 2016, when they issued a joint statement stressing a determination by all sides to “urgently reform” the United Nations.

Chinese investment may be a challenge, but Japan can still capitalize on its long-standing commitment to Africa.

...



https://foreignpolicy.com/2019/08/22...ina-in-africa/
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Old August 24th, 2019, 01:23 AM   #26854
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Zambia’s Government Says Corn-Meal Prices of ‘Grave Concern’

Record-high and rising prices for corn meal in Zambia are the result of distortion and a matter of “grave concern,” according to Information Minister Dora Siliya.

This is a clear case of price distortion by unscrupulous retailers who wish to enjoy abnormal profits at the expense of ordinary Zambians,” Siliya said in an emailed statement Thursday.

Agriculture Minister Micheal Katambo will meet major outlets to address the problem, she said. “Government will not stand by and watch the staple food go out of reach of ordinary Zambians.

The country is experiencing the worst drought in almost 40 years, and a report last month by the Southern Africa Development Community forecast 2.3 million people will be food insecure by March. Over the same period, the report forecast Zambia would have an 888,000-ton cereal deficit.

The government says it has enough corn, the staple food, to last until the next season and won’t need to import.



https://www.bloomberg.com/news/artic..._medium=social
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Old August 24th, 2019, 02:34 AM   #26855
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H&M partners with South Africa's Mantsho in first collaboration with an African label




Swedish retail giant H&M has joined forces with South African brand Mantsho, in its first ever collaboration with an African designer.

The Mantsho label was created by Johannesburg-based designer, Palesa Mokubung, in 2004, and has graced many runways worldwide including in the United States, Greece, and India.

In Mokubung's native Sesotho language, Mantsho means "Black is beautiful."

"Mantsho x H&M is an exciting collection celebrating the elegance and vibrancy of Africa with modern edgy designs created for the stylish carefree woman," reads a statement jointly released by H&M and Mantsho.

The collection which launched August 15th is for women's accessories and clothes, and introduces a uniquely South African feel to H&M customers around the world.

https://edition.cnn.com/style/articl...-hm/index.html
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Old August 24th, 2019, 02:38 AM   #26856
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SA on the way to being the first African country to implement universal healthcare

South Africa to roll out sweeping health reform in stages

A proposed move to universal health coverage in South Africa will be rolled out in stages as the budget improves, a senior presidential aide told Reuters, forecasting the landmark reform would cost $2.2 billion per year by 2025/26.

The National Health Insurance (NHI) program, to be debated in parliament soon, is a flagship policy of the governing African National Congress, which has wanted to overhaul the crisis-ridden health system since it swept to power under Nelson Mandela in 1994.

More than two decades after the end of white minority rule, a privileged few receive world-class care in private hospitals while many poor black people in a population of near 60 million queue at understaffed state facilities short of equipment.

The ANC government is proposing a new system in which medical insurance schemes will cover fewer treatments and the government will control how much private clinics charge. The aim is to narrow the gap between the private and public systems.

Some opposition politicians and analysts have questioned the affordability and practicality of those changes, given a struggling economy. They say healthcare could suffer if the changes are rammed through hastily.

Responding to that concern, Olive Shisana, special adviser to President Cyril Ramaphosa, said the program would be introduced in a fiscally responsible manner.

“This government is not going to do something that will collapse the economy,” she said.

Spending on NHI would increase from around 2 billion rand in the 2019/20 fiscal year to 33 billion rand ($2.2 billion) in 2025/26, Shisana said. That expenditure would come on top of the health budget, currently around 220 billion rand a year.

https://www.reuters.com/article/us-s...-idUSKCN1VD0UA
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Old August 24th, 2019, 03:54 AM   #26857
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Southern Africa: Tanzania's Economy Seen As Role Model



TANZANIA'S economic performance has been described as a role model that other Southern African Development Community (SADC) member states should embrace after recording over 7 per cent growth last year.

Opening the 39th Ordinary Summit of the SADC Heads of State and Government in Dar es Salaam yesterday, SADC Executive Secretary, Dr Stergomena Tax, said although the general economic environment was relatively stable last year the macro-economic position of the region remained critical for the realisation of the goals set.

She said economic growth averaged 3.1 per cent in 2018 in the region compared to three per cent in 2017.

"Botswana, the Democratic Republic of Congo (DRC), Madagascar and Tanzania recorded strengthened growth levels, but only Tanzania met the Gross Domestic Product (GDP) growth target of 7 per cent in 2018," Dr Tax said amidst a big round of applause from Tanzanian delegates, who attended the summit session yesterday.

Speaking on per capita GDP, Dr Tax said the income per person in the region had improved slightly from $4,004 in 2017 to $4,171 in 2018, with all member states, except one, recording growth.

According to her, analysis showed there was an improvement from only five member states namely, Botswana, the DRC, Mauritius, Seychelles and Tanzania, which recorded growth the previous year (that is 2017).

On inflation, Tanzania again performed well as it was in the group of 10 SADC countries, whose annual inflation rate ranged between three and seven per cent last year.

According to Dr Tax, the annual inflation rate decreased to an average of 8.0 per cent in 2018 from 10.1 per cent in 2017, attributing the slowdown to, among other things, favourable weather conditions in some member states, low demand and stability in exchange rates.

"Botswana, Eswatini, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa and Tanzania met the inflation target range of 3-7 per cent," she stressed.

In her speech, Dr Tax was quick to raise concern over poor investment level recorded last year, saying a downward trajectory in investments and savings registered since 2014 continued through 2018.

She said records showed the region had recorded investments of 22.8 per cent of GDP in 2018 compared to 24.4 per cent in 2017, an indication that the trend was taking a downward trajectory.

"Botswana, Lesotho, Seychelles, Tanzania and Zambia performed above the regional target of 30 per cent of GDP for investment," she said.

On savings, Dr Tax said the region remained subdued at 19.9 per cent of GDP in 2018, lower than the 20.6 per cent realised in 2017, singling Botswana, Mozambique and Zambia as the only SADC countries in the region that had attained the regional savings target of 30 per cent in 2018.

She also spoke on fiscal deficit, saying it averaged at 3.1 per cent in 2018 compared to 4.3 per cent of GDP in 2017 with Angola, the DRC, Mauritius, Seychelles and Tanzania meeting the fiscal deficit target of three per cent of GDP last year.

The public debt, she said, maintained an upward trend across all member states in 2018, where the region's public debt increased to 48.8 per cent of GDP, slightly above the 47.8 per cent recorded in 2017.

She said the number of member states that met the regional target of public debt of 60 per cent of GDP remained constant at 11 in both 2017 and 2018.

The executive secretary also spoke on peace, security and stability in the region, saying the three aspects were essential for creating a conducive political and social environment for livelihoods to thrive and businesses to operate and flourish.

She said during the year, the region maintained its enviable record of peace, security and stability, consolidating democracy on the right trajectory.

However, she was quick to warn that while the SADC region enjoyed peace and tranquility, terrorism and other transnational crimes continued being matters of great concern with organised crime also posing a significant threat to peace and security and undermining regional economic integration.

"It is, therefore, imperative that SADC member states continue cooperating and undertaking joint initiatives to address this menace of great concern to all of us," she urged.

She also spoke on gender-based violence (GBV), saying the malpractice continued to adversely impact on the socioeconomic development of the region.

She said a study conducted by the SADC Secretariat on GBV prevalence in the region, among other things, showed GBV was a common phenomenon in the SADC region.

https://dailynews.co.tz/news/2019-08...f81f9a52e.aspx
It would make sense if Tanzania was actually in Southern Africa, and if the GDP per capita was similar to that of many SADC states like Angola and Namibia.
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Old August 24th, 2019, 09:41 AM   #26858
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It would make sense if Tanzania was actually in Southern Africa, and if the GDP per capita was similar to that of many SADC states like Angola and Namibia.
GDP per capital ..is not even the best measure of development ....look at the inequality HDI ...u will see its only SA, Namibia above Tz ...mind you Nambia has less population than Dar yet ..Nambia's IHDI is 0.42 while Tz 0.40
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Old August 24th, 2019, 12:41 PM   #26859
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Angola to sell stakes in JV with China International Fund





The biggest privatisation programme Angola has ever seen – and likely one of the largest in Africa – will begin this year, involving some of the country’s most important companies. Under the programme, which runs through 2022, the state will sell its stakes in dozens of companies in all sectors. Among the assets to be sold are stakes in the two joint-ventures of the state-owned oil company, Sonangol, with China International Fund.

The presidential decree, seen by CLBrief, setting the terms for the 2019–2022 Privatisation Programme (ProPriv), lists among the companies to be sold China Sonangol International Limited (CSIL) and China Sonangol International Holding (CSIH), in both cases through public tenders in 2020.
The Hong-Kong based CSIL, a partnership between Sonangol and China International Fund (CIF), was officially a marketer of Angolan crude exports to China but also has several oil concessions, both in Angola and abroad.

CIF was also involved in the biggest reconstruction projects in Angola post-2002, including railroads and the new Luanda International Airport (still ongoing).

https://macauhub.com.mo/feature/ango...national-fund/
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Old August 24th, 2019, 12:56 PM   #26860
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It would make sense if Tanzania was actually in Southern Africa, and if the GDP per capita was similar to that of many SADC states like Angola and Namibia.
Ask yourself why South Africa the economic powerhouse of SADC, want DRC and Tanzania in SADC...
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