Tag: Africa - Page 4 - African News Today

World: Want to Lose Money? Put it to Work in Nigeria. – Forbes

29May

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Economy, News, Nigeria

World: Want to Lose Money? Put it to Work in Nigeria. – Forbes

In five years, the Nigeria ETF has blown up, now down over 74.5%. Equity investment between 2013 and 2018 has fallen from around $2.9 billion in 2013 to just $139 million in 2018. Nigeria has become Africa’s money-losing machine. Want to lose money in one of Africa’s biggest markets? Put it to work in Nigeria. Despite sitting on nearly 40 billion barrels of proven oil reserves and over $48 billion worth of investment opportunities in the oil and gas sector, Africa’s largest economy is mired in problems with big corporate investors as president Muhammadu Buhari readies his second-term after a swearing-in ceremony scheduled for May 29. Nigeria’s stock index is down 0.4% year-to-date while emerging markets are up 2.3% and the MSCI Frontier Markets 100 is up 10.2%. As o...

Africa: Impose Sanctions on France and Other Countries that Impoverish Africa – Di Maio to the EU

22Jan

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Africa, Human Rights, Justice, News

Africa: Impose Sanctions on France and Other Countries that Impoverish Africa – Di Maio to the EU

He said France had "never stopped colonising tens of African states". Luigi di Maio called on the European Union to impose sanctions on France for its policies in Africa. He said France had "never stopped colonising tens of African states". Ever since Italy's Five Star and League parties came to power in June 2018 relations have been tense. Much of the tension has been about migration. The two countries have argued over France sending back migrants across Italy's northern border. When France criticised Italy for not allowing rescue boats carrying migrants in the Mediterranean to dock, Italy responded by accusing France itself of refusing to accept migrants. Mr Di Maio made his latest comments during a visit to central Italy at the weekend. It came as the UN said about 17...

Nigeria: Reliance On Imported Foreign Food Fuels Hunger, Says FAO

14Nov

By Akanimo SampsonNo Comments

Africa, Agriculture, Economy, Nigeria

Nigeria: Reliance On Imported Foreign Food Fuels Hunger, Says FAO

Nigeria and all the other developing countries of the world will continue to experience hunger if they fail to shift from depending on imported foreign food. This is the underlying conclusion tumbling out of the Food and Agriculture Organisation (FAO) seminar on achieving a world of zero-hunger. Going by what the experts say, making hunger history, will greatly depend on local food systems. Indigenous food systems and indigenous traditional knowledge have survived hundreds and sometimes thousands of years, therefore they may have some of the answers we are looking for, FAO Director-General José Graziano da Silva said on Friday. FAO, an agency of the United Nations, considers indigenous and tribal peoples as fundamental actors in the fight against poverty, hunger and all other form...

Cameroon: 85 Year Old Biya Seeks 7th Term in Office as Polls Open Today

7Oct

By admin2 Comments

Africa, Cameroon, News

Cameroon: 85 Year Old Biya Seeks 7th Term in Office as Polls Open Today

Polls have opened in Cameroon with President Paul Biya seeking a seventh term. Polling stations opened at 8am (07:00GMT) and will close at 6pm (17:00GMT) with more than six million people eligible to cast their ballots. Biya, 85, faces an attempt by the opposition parties to forge a unified front under Maurice Kamto, leader of the Movement for the Rebirth of Cameroon (MRC). Biya has been in power since 1982, making him one of Africa's longest-serving rulers. Al Jazeera's Hiba Morgan reporting from the capital, Yaounde said many voters were staying away from polling stations. "Not many voters have showed up at the polling station where the president is expected to cast his vote shortly. Election observers and officials we spoke to have also told us they are not seeing a high voter tur...

Africa: Africans Deserve to Know Details of Deals their Leaders Sign with China

7Sep

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Africa, Economy, Nigeria

Africa: Africans Deserve to Know Details of Deals their Leaders Sign with China

China's footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. The China-Africa deals ought to be transparent, and the public has the right to scrutinise the agreements. The news of China taking over Sri Lanka’s port and 15000 hectares of land on a 99 year lease recently raised questions and debate on the African continent about the kind of agreements African presidents are signing with China. The deal which has raised eyebrows was signed between two state firms, Sri Lanka Ports Authority (SLPA) and China Merchants Port Holdings. The South African parliament, led by the minority...

Nigeria: Nigeria’s former ICT Minister, Omobola Johnson Joins World Wide Web Foundation board

6Sep

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Africa, News, Nigeria

Nigeria: Nigeria’s former ICT Minister, Omobola Johnson Joins World Wide Web Foundation board

After a 3-year tenure as an Honorary Chairperson of the Alliance for Affordable Internet (A4AI) where she provided guidance and advocacy to help drive down internet costs, Dr. Omobola Johnson is joining the Web Wide Web Foundation as a board member. The Alliance for Affordable Internet (A4AI) — a global coalition, led by the Web Foundation, working to make broadband affordable for all. While the World Wide Web Foundation was founded in 2009 by Sir Tim Berners-Lee to ‘advance the open web as a public good and a basic right.’ A part of an official statement by the A4AI reads: “As the second Honorary Chair of A4AI — a role she assumed on September 1, 2015 — Omobola has provided invaluable policy guidance and has led high-level advocacy efforts to drive down the cost of internet. In t...

Africa: Africa looks for something new out of Trump

27Aug

By adminNo Comments

Africa, Economy, Justice, Kenya, News, Nigeria, Security

Africa: Africa looks for something new out of Trump

Donald Trump will welcome Kenya’s Uhuru Kenyatta to the White House on Monday for what will be only the second one-on-one meeting the US president has held with an African leader since he took office last year. The first meeting, with Nigeria’s ailing 75-year-old Muhammadu Buhari in April, ended with the US president telling aides he never wanted to meet someone so lifeless again, according to three people familiar with the matter. Advocates of closer US-Africa ties hope his encounter with the younger, more urbane Mr Kenyatta, 56, will breathe fresh life into a relationship with a region that Washington is seen to have neglected as other countries, notably China, develop ever-closer trade and investment ties with the continent. Under Emmanuel Macron, France is also trying to reset...

World: I Never Want to Meet Someone as Lifeless Again – Trump, Speaking About Buhari

27Aug

By admin10 Comments

Africa, Kenya, Nigeria

World: I Never Want to Meet Someone as Lifeless Again – Trump, Speaking About Buhari

"I never want to meet someone so lifeless again". This according to Financial Times was what Donald Trump, President of the United States said to an aid after President Buhari's much touted visit to the United States Months back. This revelation is coming on the heels of Kenya's President Uhuru Kenyatta's scheduled visit to the White House. According to the report, Trumps aids pushing for closer ties with Africa say they hope "his encounter with the younger, more urbane Mr Kenyatta, 56, will breathe fresh life into a relationship with a region that Washington is seen to have neglected." Source: Financial Times

18Aug

By adminNo Comments

Africa, Breaking News, News

Africa: Kofi Annan Passes On at 80

Koffi Annan, former United Nations Secretary-General, has passed on at the age of 80. His death was announced in a tweet from his Twitter account @KofiAnnan. The tweet read "It is with immense sadness that the Annan family and the Kofi Annan Foundation announce that Kofi Annan, former Secretary General of the United Nations and Nobel Peace Laureate, passed away peacefully on Saturday 18th August after a short illness." Kofi Annan passed on in Switzerland and his family has requested that some privacy be accorded them as they mourn the passing of their father and the Nobel Peace Prize winner. They however promised to announce arrangements for his burial later.

Zimbabwe: Enthusiasm Greets First Post-Mugabe Polls

30Jul

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News, Zimbabwe

Zimbabwe: Enthusiasm Greets First Post-Mugabe Polls

As Zimbabweans go to their first post-Mugabe polls, there is a high level of enthusiasm as many feel this is a new era. The turn out for the election has been impressive with long queues of enthusiastic voters seen at different polling stations. A total of about 5,635,706 registered for the elections with about 43.5% of these being under 35 years. The battle will mainly be between the two top contenders. They are incumbent President, 75 year old Emmerson Mnangagwa of Zanu-PF and 40 year old Nelson Chamisa of the MDC Alliance. Emmerson Mnangagwa is a shrewd politician who has been in the game for a while. His is nicknamed "the crocodile" and his faction is called "Lacoste." He has survived several assassination attempts and is also accused of being behind the attacks of oppositi...