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Southern Africa News

  • AfDB to Participate At 5th African Union - European Union Summit

    EUROPEAN UNION, 2017/11/30 The African Development Bank (AfDB) will participate at the 5th African Union Commission (AUC) and European Union (EU) Summit taking place in Abidjan, Côte d'Ivoire, from November 29-30, 2017. The Summit is organized by the President of the European Council, the President of the European Commission, the President of the African Union and the Chairperson of the African Union Commission. This year's theme is "Investing in youth for a sustainable next." The AU-EU Summit brings together key decision-makers to deliberate the next relations and deepen connections between the two continents. The Summit, which takes place each three years, allows the AU and the EU to manage aspects of their partnership, monitor evolution in the implementation of commitments, and provide guidance for further work. The 2017 edition includes several key events, inclunding the EU-Africa Business Forum (EABF) and a focus on the new work programme for 2018-2020.
  • Slavery scandal overshadows EU-Africa summit

    ABIDJAN, 2017/11/30 Ivory Coast President Alassane Ouattara demanded action Wednesday to combat migrant slave trading in Libya, as the issue dominated a Europe-Africa summit meant to focus on long-term increase and stability. The summit comes just two weeks after US network CNN aired footage of black Africans sold as slaves in Libya, sparking outrage from political leaders and street protests in African and European capitals.   Summit host Ouattara lashed slavery as a "wretched drama which recalls the worst hours of human history." "I would like to appeal to our sense of responsibility to take all urgent measures to put an end to that practice, which belongs to an extra age," he said, opening the gathering of 55 African Union and 28 European Union nations in Ivory Coast's economic capital.
  • Zimbabwe announces amnesty for return of state funds taken abroad

    ZIMBABWE, 2017/11/29 President Emmerson Mnangagwa says anyone who fails to comply with directive within three months will be prosecuted . Zimbabwe’s new president has announced a three-month amnesty for the return of public funds hidden abroad by individuals and companies. At the same time as the amnesty expires, the government will arrest and prosecute those who have failed to comply with the directive, Emmerson Mnangagwa said in a statement on Tuesday.
  • Zimbabwe’s new leader issues ultimatum for externalised funds

    ZIMBABWE, 2017/11/29 Zimbabwe’s new president on Tuesday gave a three-month ultimatum for the return of funds siphoned out of the country by individuals and corporations, as he moves to stem graft and revive the moribund economy. “The government of Zimbabwe is gazetting a three-month moratorium within which those involved in the malpractice can bring back the funds and assets, with no questions being asked or charges preferred against them,” Emmerson Mnangagwa said in a statement.
  • Zimbabwe's economic situation "very difficult" - IMF

    ZIMBABWE, 2017/11/27 Zimbabwe’s economic increase is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said. Zimbabwe was once one of Africa’s most promising economies but suffered decades of decline as former President Robert Mugabe pursued policies that included the violent seizure of white-owned commercial farms and money-printing that led to hyperinflation. Mugabe, 93, resigned on Tuesday next nearly four decades in power following pressure from the military, the ruling ZANU-PF party and the general people.
  • The challenges to reform in post-coup Zimbabwe

    ZIMBABWE, 2017/11/27 Mugabe’s undoing came next he , Vice President Emmerson Mnangagwa, from the ruling Zimbabwe African National Union-Patriotic Front (ZANU-PF) Party. Mnangagwa had been locked in a succession struggle with Mugabe’s wife, Grace Mugabe, and the sacking triggered the military’s intervention. A volatile situation called for calmallegedly pacifying a degenerating economic, political and social situationBoth the Southern African Development Community (SADC) and the African Union (AU) saying they will not support any government that comes to power via a coup d’état. This likely underlies the military’s determination to avoid that term.
  • South Africa's credit ratings remains unchanged-Fitch

    SOUTH AFRICA, 2017/11/27 Ratings firm Fitch kept both South Africa’s local and foreign currency credit ratings unchanged at BB+, one notch below investment grade, with a stable outlook, the agency said on Thursday. In April, Fitch downgraded South Africa’s credit rating to sub-investment grade next Zuma abruptly fired Pravin Gordhan as finance minister, saying it would likely result in a change in economic policy direction.
  • Mugabe wept after 'chameleons' forced him to resign

    ZIMBABWE, 2017/11/27 Zimbabwe’s former president Robert Mugabe cried and lamented “betrayal by his lieutenants” at the same time as he agreed to step down last week under pressure from the military and his party next 37 years in power, the Standard newspaper said in its Sunday edition. President Emmerson Mnangagwa, a former Mugabe loyalist, was sworn in on Friday and attention is focused on whether he will name a broad-based government or select figures from Mugabe’s era.
  • How Mugabe's wife became the reason for his downfall

    ZIMBABWE, 2017/11/22 President Robert Mugabe's breakdown was caused by the ambitions of his combative wife Grace, whose emergence as his likely successor proved a step too far for Zimbabwe's military, analysts say. Grace Mugabe -- 41 years younger than her husband -- was once dismissed as a lightweight shopping addict.
  • South Africa: Meet Masiphumelele's Budding Violinists

    SOUTH AFRICA, 2017/11/18 In a small classroom learners from Masiphumelele are learning a new skill: playing the violin. The outreach program, that takes place on the campus of non-profit organisation Masiphumelele Corporation, is run by Titia Blake. "I'm trying to teach children to do what I do, and that is to play for weddings and functions," she says. Blake believes that education is the only way to solve the ills of society. "And my specialty is the violin and therefore the violin program."