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  • 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.
  • UN urges DR Congo to 'respect freedom' ahead of protest

    CONGO KINSHASA, 2017/11/30 The United Nations mission in the Democratic Republic of Congo called on Wednesday for officials to "respect" a turmoil planned by opposition groups in Kinshasa, which has been banned by the government. A last attempt at negotiations between an opposition delegation and the Kinshasa governor, Andre Kimbuta, failed to break the impasse over the march which opposition leaders have vowed to hold Thursday.
  • 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.
  • Pope Francis leads special prayer for peace in South Sudan and the Democratic Republic of Congo

    CONGO KINSHASA, 2017/11/29 Pope Francis led a appropriate prayer for peace in South Sudan and the Democratic Republic of Congo on Thursday, saying the mass murder of women and children is where “war shows its most horrid face”. “This evening, in prayer, we want to sow seeds of peace in the lands of South Sudan and the Democratic Republic of Congo, and in all lands devastated by war,” the pope said in a homily at St Peter’s Basilica.
  • Dangote opens $300m cement plant in Congo-Brazzaville, country's biggest

    CONGO BRAZZAVILLE, 2017/11/27 The Dangote group has opened a $300 million cement production plant in the Republic of Congo. The facility which has a capacity of 1.5 million metric tonnes per annum is expected to be the biggest such facility in the Central African country. The plant is located at the Mfila area of the capital Brazzaville. The event which was graced by Congolese president Denis Sassou Nguesso brings to five the Dangote Group’s African footprints in the cement production business. The Nigerian president Muhammadu Buhari was represented by a government delegation led by the Mines and Steel Development Minister, Kayode Fayemi. He emphasized the Buhari government’s desire to help indigenous companies to thrive.
  • Cameroonians protest against sale of migrants as slave

    CAMEROON, 2017/11/27
  • Internet restriction in Cameroon's Anglophone region hitting 60-day mark

    CAMEROON, 2017/11/27 The internet cut in Cameroon’s restive Anglophone regions is entering the 60th day according to activists tracking the shutdown. The government on September 30, 2017 placed restrictions on access to social media networks like Facebook, Twitter and whatsapp. This was despite a government statement saying that no such plans were to be implemented. September 30 was the eve of a symbolic declaration of independence by the two Anglophone regions. At the time a heavy security deployment across the regions was as well in place, subsequent clashes between separatists and security forces lead to deaths, injuries and mass arrests.
  • Namibia Scraps Visas for Africans

    BOTSWANA, 2017/11/01 Namibia has gotten the ball rolling on plans to scrap visa requirements for African passport holders next Cabinet authorised the implementation of this process - to be carried out in line with diplomatic procedures. Namibia will any minute at this time start issuing African passport holders with visas on arrival at ports of entry as a initial step towards the eventual abolition of all visa requirements for all Africans.
  • Africa: Experts Explore Infrastructure and Cooperation to Improve Lives

    BOTSWANA, 2017/11/01 Addis Ababa — African economies require structural transformation to attain sustained increase that trickles down to all its peoples, an official from the United Nations Economic Commission for Africa (ECA) told experts gathered at the organization’s Ethiopian headquarters. Soteri Gatera, who heads the ECA’s Industrialization and Infrastructure Section, says only such “inclusive” economic increase will help resolve the “persistent social economic problems” Africa faces.
  • Angola's banks look to rise to the challenges

    ANGOLA, 2017/10/31 The fortunes of Angola’s banks are continuing to split nearly three years next commodity prices began their swift collapse. While the larger private lenders are weathering a challenging economic environment relatively well, a lot of of their national-owned peers are being restructured and recapitalised. Meanwhile, smaller banks of all stripes are feeling the pinch from a stalling economy and a tighter regulatory landscape. These challenges are unfolding as Angola’s banking sector braces for full Basel II capital adequacy compliance by the end of 2017. Meanwhile, with dwindling quality increase opportunities, the structure of Angola’s banking sector could change in the coming years, with consolidation a likely (though by no means straightforward) outcome. Diminishing oil receipts, a threat of consolidation, a looming Basel II compliance deadline, a loss of US dollar correspondent banking relationships, a shortage of foreign capital... The challenges facing Angola's banks are many, which makes the strong performances of some in the sector all the more impressive, writes James King.