Central Africa Republic News

  • Routes Africa forum aims to improve African air connectivity

    BOTSWANA, 2016/05/15  An event dedicated to the development of the African aviation industry will take place next month in Tenerife (26-28 June) to encourage the launch of new air services to, from and within the African continent. Routes Africa 2016 will help to improve African connectivity by bringing together airlines, airports and tourism authorities to discuss next air services. Around 250 route development professionals are expected to attend the forum which was founded ten years ago to stimulate increase in the industry.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • Africa’s economic growth is likely to be slower in the intervening years

    BOTSWANA, 2016/05/12 Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Central African Republic s newly elected president vows to strengthen cooperation with China

    CHINA, 2016/03/23 Central African Republic's (CAR) newly elected President Faustin Archange Touadera promised to intensify cooperation with China, saying China is an significant partner of the country. Touadera said in an exclusive interview with Xinhua on Sunday that CAR will like to work together with China to promote the friendly relationship and strengthen cooperation between the two nations. Touadera said his country is in urgent need to be normalized next three years of civil war, adding that the new government will focus on a series of issues inclunding security, peace, reconciliation and disarmament.
  • Africa,Protect Refugees With Mobile Banking

    BOTSWANA, 2016/02/08 "Mean spirited", "inhumane" and desecrating the spirit of the Refugee Convention are some of the milder criticisms levelled at Denmark's harsh new asylum laws, passed last week. Part new measures is a decision to strip new arrivals of any cash and valuables worth additional than 10,000 kroner (US$1,450), purportedly to pay for their upkeep. Switzerland and some southern German states have introduced similar policies. It's a move that reflects the fragmenting world of European migration policy, lacking in solidarity, empathy and basic human decency. But what of the financial implications for asylum seekers?
  • African Union merges science and education bodies

    BOTSWANA, 2016/01/13 The Africa Union has merged its science and education bodies in a move designed to improve sectoral relationships, effectiveness and efficiency. The African Ministerial Council on Science and Technology and the Conference of Ministers of Education of the African Union will presently operate as one entity. “The decision of the heads of states was as well motivated by the need to streamline ministerial conferences, limit their number and confer the power to convene them to the African Union Commission and save costs,” Dr Mahama Ouedraogo, the African Union’s chief of human resources, science and technology, told University World News.
  • Central African Republic – candidates call for vote count to be halted

    CENTRAL AFRICA REPUBLIC, 2016/01/06 Electorate queue to cast their ballots at a polling centre during the presidential election in the mainly Muslim PK-5 neighborhood in Bangui, the capital of Central African Republic, December 30, 2015. Two thirds of the 30 candidates standing for president of Central African Republic on Monday demanded the authorities halt the vote count because of what they said were irregularities in the ballot. A lot of voters hoped the Dec. 30 poll would replace peace to a country where thousands have died and around 1 million have fled during three years of conflict, but with such dissent from the 20 or so candidates, that may be a forlorn hope.
  • Central African Republic's voters head to polls

    CENTRAL AFRICA REPUBLIC, 2016/01/03 Presidential and legislative elections in the Central African Republic began on Wednesday morning, albeit with delayed opening of polling stations due to logistical challenges. The double elections which were initially supposed to be held on Sunday, were postponed for three days due to shortage of voting materials. Some 1.9 million registered voters are expected to turn out in 5,996 polling stations distributed across the 16 prefectures in the country. Thirty candidates are contesting for the presidency and 1,642 others are contesting for the 140 parliamentary seats, according to figures released by the National Elections Authority.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.