Jacob Zuma: ANC leaders call NEC meeting for Wednesday
February 6, 2018 | 0 Comments
South Africa’s ruling party has called a meeting of its top body for Wednesday, amid growing pressure on President Jacob Zuma to stand down.
In a statement, the ANC said that the meeting was called to discuss the “management of the transition” between the Zuma and Ramaphosa administrations.
On Monday, senior politicians held an emergency meeting in Johannesburg to discuss Mr Zuma’s future.
The president has resisted calls to quit over corruption allegations.
Mr Zuma, 75, was replaced as party leader in December, and his deputy and successor, Cyril Ramaphosa, 65, would step into the presidency if he were recalled by the ANC.
An ANC spokeswoman told Reuters news agency that the removal of President Zuma was not on the agenda at Monday’s meeting.
The president, in power since 2009, is due to make a state of the nation address on Thursday, and some in the party want Mr Zuma to leave office ahead of that speech.
On Wednesday the ANC’s National Executive Committee will meet.
If the committee agrees to recall Mr Zuma, the BBC’s Andrew Harding says, it would be very hard for him to resist.
He might even face a no-confidence motion in parliament the next day, our correspondent adds.
Mr Zuma, who spent time in prison for his part in the fight against apartheid, met the ANC’s top six on Sunday. They are said to have failed to convince him to stand aside.
Julius Malema, an opposition leader and former ANC member, said on Twitter that Mr Zuma had refused to go early.
Other unconfirmed reports from Sunday’s meeting say that Mr Zuma asked for protection from prosecution for himself and his family.
Why does the ANC want to remove him?
Mr Zuma’s presidency has been overshadowed by allegations of corruption.
In recent years his links to the wealthy India-born Gupta family, who are alleged to have influenced the government through their relationship with Mr Zuma, have caused his popularity to plummet. In South Africa, it has become known as “state capture”.
Both Mr Zuma and the Guptas deny the allegations.
Then there is also the country’s struggling economy, with the unemployment rate rising to about 28%.
As a result, many in the ANC fear his presidency has become toxic – and is hurting the party’s standing.
That appeared to be borne out at the 2016 local elections, when the ANC lost ground to the opposition Democratic Alliance (DA) and Economic Freedom Fighters (EFF).
With a general election set for 2019, the ANC will be keen to distance itself from any more negative press – and therefore it is perhaps not surprising that Mr Ramaphosa was elected the party leader on an anti-corruption platform.
However, Mr Zuma still has his supporters within the ANC – including three of the top six – so nothing is definite.
On Monday, there were scuffles out the ANC headquarters between small groups of pro- and anti-Zuma supporters.
What are the allegations against him?
- 2005: Charged with corruption over multi-billion dollar 1999 arms deal – charges dropped shortly before he becomes president in 2009
- 2016: Court orders he should be charged with 18 counts of corruption over the deal
- 2005: Charged with raping family friend – acquitted in 2006
- 2016: Court rules he breached his oath of office by using government money to upgrade private home in Nkandla – he has repaid the money
- 2017: South Africa’s public protector said he should appoint judge-led inquiry into allegations he profiteered from relationship with wealthy Gupta family – he denies allegations, as have the Guptas
- 2018: Zuma approves inquiry
Will the Stability Doctrine in Africa destabilise the world?
February 6, 2018 | 0 Comments
Amidst rising discontent, foreign governments are increasingly asserting the importance of “stability”. But for whom? To what end? For how long?
BY NANJALA NYABOLA*
In 2017, the world watched as Kenya endured one of the most complicated election cycles ever. In the hotly-contested initial August vote, the incumbent won. As expected, the opposition contested the result in court. Many saw merit in the complaints, but were nonetheless shocked when the Supreme Court ordered a re-run. Unhappy with the hurried process that ensued, and fuelled in part by an opposition boycott, however, voters largely avoided the repeat poll in October, which registered a paltry turnout of less than 40%.
The Kenya case throws up an interesting contradiction of modern foreign policy. Western diplomats have long preached the gospel of good governance in the developing world. But as these uncertain events unfolded last year – with the police killing 78 civilians and the electoral commission itself admitting it had made a shambles of the second vote – Western ambassadors kept urging Kenyans to recognise the importance of one particular idea.
That idea was not “rule of law”, “democracy” or “free, fair and credible” elections. It was “stability”.
More than 15 million voters refused to participate in the Kenyan election re-run. The process was widely seen as illegitimate and has likely sowed seeds of dissatisfaction that could undercut the ability of the ruling party to govern for the next five years. But despite this, diplomats continue to parrot the cardinal importance of “stability”.
This was not the first or last time this word echoed around the continent in 2017. From Togo to Egypt, and from Chad to Gabon – all of which have seen popular protests come up against state power – the emphasis on stability has taken precedence over, say, political engagement. As Cameroon’s government gunned down protesters, arrested activists en masse, and shut down the Internet in Anglophone regions, for example, international actors urged a return to stability. As simmering discontent in Ethiopia led to online blackouts, heavy force and a state of emergency, Western diplomats supported the government in restoring the same.
It has even become the strategy taken in relation to Eritrea, nominally a pariah state, but now a lynchpin in Europe’s immigration policy. When it comes to Western engagement with Africa, stability is the mot du jour.
The Stability Doctrine
In the name of this “Stability Doctrine”, foreign governments tip the political balance in favour of existing power and the state. They bolster the short-term status quo, even if that means disregarding visible discontent and overlooking state abuses. They pick power over protesters, and privilege the interests of others over those of the citizens in the countries at hand.
One of the main reasonings behind this approach is inseparable from the global march of neoliberalism. Foreign extraction from Africa is not new, but steady social and political conditions are a particular priority for today’s predominant form of exploitation. Corporations hungry for endless growth – more so than states looking to manage a balance of power – need predictable politics to operate.
Unlike some periods of history, the focus today is also notably short-termist. During the Cold War, African nations were seen as potential allies in long-term, ideological world-building projects. But today’s Stability Doctrine is focused only on the next few years. It has no interest in building institutions, embedding good governance, or understanding the underlying causes of threatened instability. It has little concern for the implications of its actions in the future – because by that time, it will be someone else’s problem.
Two things have changed in the last ten years that have led to this particular brand of the Stability Doctrine. Firstly, the rise of China, Turkey and other non-Western countries has threatened the West’s long-standing economic domination in Africa. This has given African elites – amongst the key beneficiaries of “stability” – more leverage and led Western policymakers, afraid of losing their patronage networks, to weaken their good governance agenda.
At the same time, the 2007/8 global economic collapse has made opportunities to extract from Africa all the more important. African markets, labour and natural resources have never been more integral to resolving urgent economic challenges in other parts of the world.
Delay, defer, deny
What’s wrong with stability uber alles? First and foremost, it puts a risky mortgage on the future of Africa. It is an alliance between outsiders and African elites whose mantra is eat now and delay, defer or deny the consequences.
The Stability Doctrine treats Africa as a place to make as much money as quickly as possible, not a place where people live, love and exist. It ensures African countries continue to play a position in the periphery of global politics, providing raw materials, markets, and an acquiescent labour force for multinational corporations.
The focus on stability treats the tremendous effort and risk that African activists and politicians take to shift the political discourse as secondary to the interests of foreign governments. It sees widespread demands for greater justice, democracy and accountability as less important than holding things steady – at least at the levels important for foreign business.
The reality, however, is that while outsiders are tipping the scales in favour of wealth and the status quo in the corridors of power, African countries are growing increasingly inhospitable for many of their citizens, particularly the youth. In 2017, thousands died attempting to cross the Mediterranean, while the African Union estimates that another 200,000 are currently zig-zagging across the Sahara chasing after the same dream.
They leave partly because of the collateral damage of “stability” or profiteering over all else. They leave because there is no land to work – much of it sold off or unusable thanks to the ravages of climate change. They leave because their educations are worthless as privatisation has eaten away at public universities. They leave because their leaders spend more on weapons to maintain power than they do on healthcare. They leave because police officers show up at their doorstep and summarily arrest, detain or kill anyone who dares to hold a political opinion that threatens the country’s “stability”.
Stability for whom? For how long?
In 2018, things in many countries in Africa are probably going to get worse before they get better. Millions of young people will come of age in countries that have little room for them.
In Kenya, the authority of the executive elected under suspect conditions will probably be tested more than ever. In Cameroon and Ethiopia, protests will likely continue and may escalate. Meanwhile, in Gabon, the two Congos, Equatorial Guinea, Eritrea, Sudan, Uganda, Rwanda and beyond, disillusionment will continue to swell even while African and Western elites hold fast on the promise, and profit, of short-term stability.
The point is not that instability is the answer. Rather, it is that when confronted with the Stability Doctrine, we must ask “stability for whom?”, “stability to what end?” and “stability for how long?”.
The Stability Doctrine as it is shuts African citizens out of their politics, lest they rock the boat, and leaves them abandoned. That may pave the way for predictable market conditions that benefit international corporations and African elites today and maybe even tomorrow. But what of everyone else? And what of the day after?
The Stability Doctrine is an imposter usurping a vacuum left by the slow erosion of ideological (versus commercialised) Pan Africanism. In 2018 and beyond, it’s important to re-assert that Africa is not just an idea or a market that must remain open for business at all costs. Enough Stability Doctrine – it’s time for a foreign policy ideology that asserts the dignity and personhood of African people over all else.
*Source African Arguments.Nanjala Nyabola is a Kenyan writer, humanitarian advocate and political analyst, currently based in Nairobi, Kenya. Follow her on twitter at @Nanjala1
U.S. ROADSHOW TOUR TO SPUR ACTION ON INCREASING U.S. INVESTMENT IN AFRICA
February 6, 2018 | 0 Comments
TOUR AIMS TO FOSTER GREATER BUSINESS CONNECTIONS BETWEEN AFRICAN AND U.S. BUSINESSES AND INVESTORS
WASHINGTON, D.C. – January 17, 2018 – The Initiative for Global Development (IGD) will embark on a four-city roadshow tour from April 18-28, 2018, across the United States aimed at re-shaping perceptions on doing business in Africa by highlighting investment opportunities and forging stronger connections between U.S. and African business leaders in key growth sectors.
The U.S. roadshow tour, “Africa Investment Rising: Building Momentum for Investing in Africa’s Economic Prosperity”, is a multi-city series of site visits, panel discussions, and speed networking among investors and business leaders to spur greater U.S. investment in Africa.
African and global CEOs and senior executives from sector-leading companies and investors in the U.S. and African countries are invited to participate in the U.S. roadshow. IGD is a U.S.-based network of African and global business leaders who are committed to sustainable development and inclusive growth through business investment.
Launching the U.S. roadshow in Washington, D.C on April 18, the roadshow tour will travel to New York City to highlight banking, financing, insurance and investment; Des Moines, IA for agriculture and agro-industry; and Houston, TX for oil and gas, energy, natural resources and infrastructure.
With some of the world’s fastest-growing economies, the African continent is increasingly becoming an attractive investment destination for emerging markets investors. Yet, estimates show that only 0.3% of the average portfolio in the U.S. is invested in Africa.
“Those of us investing in Africa know about the high returns and lucrative business and investment opportunities on the continent,” said Dr. Mima S. Nedelcovych, President & CEO of the Initiative for Global Development. “Creating favorable global perceptions about the business environment in Africa will go a long way in attracting greater investment in African countries with the right business climate.”
“Now, more than ever, there’s a need to change the narrative about doing business in Africa. The Africa Investment Rising roadshow will travel into the heartland of the U.S. to bring real business opportunities and connect African and American business leaders for networking, business matching and knowledge sharing,” said Nedelcovych.
Each city will begin with an exclusive site visit for African delegates featuring innovations in leading industries, followed by a half-day forum and executive speed networking where U.S. and African private sector leaders and investors can make deals and business agreements to create new markets in both regions. Participants have the option of attending one or all stops on the U.S. roadshow.
The Initiative for Global Development (IGD) is a Washington, DC-based network of African and global business leaders who are committed to advancing sustainable development and inclusive growth in Africa through business investment. IGD brings together CEOs and senior executives from leading African and global companies through our Frontier Leader Network to catalyze greater business investment and impact on the African continent.
SOUTH AFRICAN AIRWAYS VACATIONS® OFFERS AN AIR-INCLUSIVE “LOVE CAPE TOWN” PACKAGE FROM $1999*
February 5, 2018 | 0 Comments
Fort Lauderdale, FL (February 02, 2018) – Just in time to celebrate Valentine’s Day, South African Airways Vacations® (SAA Vacations®), the leisure division of South African Airways is offering a 5-night air-inclusive experience in the beautiful city of Cape Town. Starting at just $1,999* per person (restrictions apply) travel from New York – JFK between April 01 – May 31, 2018, and August 11-31, 2018 and enjoy the breathtaking views and exhilarating activities in sophisticated Cape Town.
SAA Vacations’® “Love Cape Town” package offers a stay in one of the hottest new hotels in the city center, Tsogo Sun’s Sun Square Cape Town City Bowl. This modern hotel boasts a hip and fresh edgy design, free wi-fi, an onsite restaurant serving complimentary breakfast daily, great service and personalized hospitality. With its convenient central location, travelers can explore the city of Cape Town, the Victoria & Alfred Waterfront, iconic Table Mountain and Lion’s Head and the trendy neighborhood restaurants and club scene of the “Mother City”.
The “Love Cape Town” package includes a Cape Point bike & hike tour. A fun way to experience the sights and sounds of the picturesque Cape Peninsula exploring the Cape of Good Hope Nature Reserve and enjoying the breathtaking views of the Atlantic Ocean from the summit at the Cape Point lighthouse. Also included is a Hop on Hop off Red City Tour, the easiest and most convenient way to visit Table Mountain, explore the City Bowl, Camps Bay, and the Atlantic Seaboard for the complete Cape Town adventure.
“The Love Cape Town package provides what active travelers are asking for at an incredibly affordable price.” said Terry von Guilleaume, president of SAA Vacations®. “Experience the breathtaking scenery of Cape Town and the Cape Point Peninsula with an exciting bike & hike activity as well as a hop on hop off bus tour to stretch those legs!
This vacation package is a great introduction to the Mother City.”
“It’s fantastic to have a travel partner in South African Airways, which will make travelling to a worldclass destination more accessible. said Enver Duminy, CEO of Cape Town Tourism. The “Love Cape Town” package has been carefully selected to provide a wonderful introduction to some of the best bucket list attractions and experiences the city has to offer. We look forward to welcoming our visitors and sharing everything with them, from our natural environment to our award-winning restaurants and bars.”
SAA Vacations® “Love Cape Town” Package Includes:
• Round-trip Economy Class air transportation from New York JFK Airport to Cape Town on
South African Airways.
• 5-nights at the NEW Sun Square Cape Town City Bowl, on a bed and breakfast basis
• Full-day Cape Point, Bike and Hike Tour
• Full-day pass on the Hop on Hop off Red City Tour bus
• Airport transfers and meet and greet service by South African Airways Vacations
representative in South Africa
“Love Cape Town” package is available for new reservations made as of February 01, 2018. Travelers can book by calling 1-855-359-7228 or their professional travel consultant. South African Airways Vacations offers air-inclusive vacation options for all budgets, with their African Specialist available to ensure their clients experience the vacation of their dreams. For more vacation packages throughout Africa, please visit www.flysaavacations.com.
Starving in the land of plenty: Cape Town’s water woes
February 4, 2018 | 0 Comments
By Prince Kurupati*
The Cape Times of 16 April 1990 carried a story written by Barry Streek titled, “City (Cape Town) will run out of water in 17 years.” According to Barry’s timeframe, this meant Cape Town would run out of water in 2007. Things did not go that way unfortunately for Barry but ‘fortunately’ for the people of Cape Town. Though his timeframe failed him, Barry was indeed right when it came to the main message he was trying to bring out and that is, Cape Town was to have water problems in the near future.
The day of reckoning predicted by Barry 27 years ago is around the corner. Cape Town is fast running out of water and official reports from both local and national government state that in the following two months, Cape Town’s water taps will run dry. That will be ‘Day Zero’.
As the old saying goes, “Water is life” the shortage of water definitely worries not only Cape Town residents but everyone in the region because it puts the lives of many people in danger. As such, a collective effort is needed in seeking solutions for this water challenge. However, before we go into that, how did it all start?
How did it all start?
According to experts, there are two reasons that brought Cape Town here. These are the changing climatic conditions and the ever-growing population. Cape Town like Australia is traditionally a dry area; as such, it is most affected by extreme weather patterns. The changing climatic conditions in recent years contribute largely to Cape Town water shortages because as the rainfall amount each year decreased, so did the water stored in rivers and dams.
Additionally, the ever-growing population exacerbated by the high numbers of foreign immigrants’ means there is more demand for limited water supplies.
However, despite all the negatives, climate change, ever growing population and depleting reservoirs, I think Cape Town is at best a resemblance of the biblical saying, “a starving belly in the land of plenty.” There is one reason I say so and that has to do with technology.
They say it’s very expensive and difficult to process seawater, that desalinisation is more strenuous and expensive than recycling. This may be true, no doubt, but when faced with a problem with a magnitude as big as Cape Town is facing, then it’s past the time for complaining about how expensive it is more so for a country with an economy that is ranked as one of the biggest on the continent.
A more focused and concerted approach to cultivating seawater into safe drinking water is the only way to go and can be done with much ease if the requisite resources are channelled towards one common goal. Below are some methods of desalinisation the government of South Africa and Cape Town residents can look at that can work for the city to eliminate this challenge.
For all other purposes except cooking and drinking, vacuum distillation can ease Cape Town’s water woes. Vacuum distillation simply entails the boiling of seawater. By boiling seawater, the impurities settle at the bottom. This then means you can use the boiled water in the toilet and for other cleaning tasks without the worry of destroying steel pipes.
Another easy homemade desalinisation method is reverse osmosis. All you have to do is purchase a large piece of cloth if you do not already own one. With that piece of cloth, you have to ‘sieve’ seawater separating the impurities from the clean water. Water from reverse osmosis though not totally recommended for consumption can be used for other house chores.
Besides these, communities and start-ups can utilise any of the following to ease the water challenge, membrane distillation, electrodialysis reversal, solar evaporation, freeze-thaw, vapour compression distillation, multi-effect distillation, and multi-stage flash distillation.
They say in challenges and problems lie opportunities, the Cape Town water problem presents several opportunities for start-ups looking to make a name for themselves.
Unprecedented worldwide support for the Global Partnership for Education and addressing the global learning crisis
February 3, 2018 | 0 Comments
|Significant new financial commitments from donors and developing countries will enable new and improved support for the education of millions of children|
DAKAR, Senegal, February 3, 2018/ — Ten current and three former heads of state and more than 60 ministers gathered at the Global Partnership for Education (GPE) Financing Conference (www.GlobalPartnership.org), making this the highest-level education financing event of its kind.
The conference, co-hosted by President Macky Sall of the Republic of Senegal and President Emmanuel Macron of the French Republic, marks the first time an education financing conference has been hosted by a G7 leader and the president of a developing country.
More than 1200 participants attended including leaders from UNESCO, UNICEF, the World Bank, civil society, philanthropic foundations and the private sector. Rihanna, GPE’s Global Ambassador supported by Global Citizen, also participated.
The size and nature of the attendance at the conference was a visible demonstration of the strengthened global political will to ensure every child is in school and learning. This heightened momentum will enable the Global Partnership for Education to reach the goal of providing US$2 billion a year by 2020 for education planning and delivery to support children’s learning in developing countries.
Donor countries pledged US$2.3 billion in financing to GPE. This is a substantial increase in funding compared to the US$1.3 billion contributed over the past three years. In addition, several donor countries have indicated their intention to pledge further funds over the course of the financing period.
The biggest source of education financing comes from developing countries themselves. More than 50 developing countries announced they would increase public expenditures for education for the period 2018 to 2020 to a total of US$110 billion, compared to US$80 billion between 2015 and 2017.
GPE encourages developing countries to increase their share of education spending to 20% of their overall budget. Of those governments committing today, over two-thirds will have reached that goal by 2020.
“I am energized by the generosity and determination we have seen here today to ensure every child and young person has access to a quality education. After today’s commitments, we are seeing a clear trend to seriously address the global learning crisis” said Julia Gillard, Board Chair of the Global Partnership for Education and former Prime Minister of Australia. “The success of the conference marks a turning point for global political support for education financing and brings a new breadth and depth to our partnership.”
At the conference, the United Arab Emirates joined GPE, becoming the first Arab donor and pledging US$100 million. Senegal, in addition to pledging to increase its own expenditure on education, became GPE’s first African donor. The Netherlands and Spain renewed their involvement, and China attended for the first time.
“The unprecedented support today means that the Global Partnership for Education can continue to focus on the most excluded and vulnerable children and work to extend assistance to up to 89 countries, which are home to 870 million children and 78 percent of the world’s out-of-school children,” said Alice Albright, Chief Executive Officer, Global Partnership for Education.
The Global Partnership for Education’s funding model is a catalyst for education investment, working hand in hand with governments of low-income and lower middle-income countries to strengthen their education systems. The Global Partnership for Education supports governments to develop robust national education plans so that funds can then be channeled into their priority areas with confidence that they will contribute to improved quality of education for all children.
The conference was sponsored by: Ecobank, the Pan African Bank; Fondation Sonatel; and Altissia, and supported by Girls Not Brides; Global Campaign for Education; Global Citizen; Malala Fund; ONE; Plan International; RESULTS; and Women Deliver.
ARC and UN Partner to Increase Insurance Coverage in Africa
February 2, 2018 | 0 Comments
ADDIS ABABA – The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for Africa (ECA) have announced a new partnership which will see the two organisations work together to increase insurance coverage against climate risks for African states.
The multilateral deal was announced at the African Union’s Annual Summit in Addis Ababa, and commits ARC and ECA to build the capacity of their 33 common Member States by embedding risk management investments into government planning through policy development. ARC and ECA also will share expertise and commit financial resources to joint analytical work in areas of economic and climate risk research in order to promote risk transfer instruments.
The UN estimates that Africa will see the adaptation costs of climate change rise to $50 billion per year by 2050.
“This partnership marks a bold new phase of heightened collaboration on combatting the effects of climate change in Africa,” said Mohamed Beavogui, Director-General of ARC Agency. “The future of disaster risk management is an increasingly urgent economic issue, and ECA’s unique expertise will complement ARC’s work serving its Member States and building preparedness and resilience on the continent.”
In the four years that ARC has offered insurance coverage to its Member States, it has paid out more than USD $34 million to Member States affected by drought events. These resources have assisted over two million people affected by climate disaster.
“Climate change is one of the biggest threats to Africa’s economic and social development,” said ECA Executive Secretary Vera Songwe. “We believe that efforts like our partnership with ARC will help move the needle, so that African countries can be well-guarded against these threats, and they can thrive.”
ECA is a UN regional commission established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958. ECA’s mandate is to promote the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa’s development. Made up of 54 Member States, and playing a dual role as a regional arm of the UN and as a key component of the African institutional landscape, ECA is well positioned to make unique contributions to address the Continent’s development challenges.
ECA’s strength derives from its role as the only UN agency mandated to operate at the regional and sub-regional levels to harness resources and bring them to bear on Africa’s priorities. To enhance its impact, ECA places a special focus on collecting up to date and original regional statistics in order to ground its policy research and advocacy on clear objective evidence; promoting policy consensus; providing meaningful capacity development; and providing advisory services in key thematic fields.
ARC consists of ARC Agency and ARC Insurance Company Limited (ARC Ltd). ARC Agency was established in 2012 as a Specialised Agency of the African Union to help Member States improve their capacities to better plan, prepare and respond to weather-related disasters. ARC Ltd is a mutual insurance facility providing risk transfer services to Member States through risk pooling and access to reinsurance markets; it is owned by Member States with active insurance policies as well as KfW Development Bank and the UK Department of International Development (DfiD), as capital contributors.
ARC plays an important role in responding to countries’ needs at times of crisis by providing fast access to funding for pre-agreed-upon, rapid response plans developed in conjunction with governments. ARC’s financing complements other forms of local and international support.
In the few years since ARC began, it has proved to be an effective and vital model – paying out USD $34 million to four countries (Senegal, Niger, Mauritania, and Malawi) affected by drought events. Those resources provided assistance for over two million people and approximately one million cattle.
ARC is using its expertise to help tackle some of the greatest threats faced by the continent, including droughts, outbreaks and epidemics, and tropical cyclones.
For more information, please visit: www.africanriskcapacity.org
African Reinsurance Corporation joins Africa Finance Corporation
February 2, 2018 | 0 Comments
LAGOS, Nigeria, 1 February 2018,-/African Media Agency (AMA)/- African Reinsurance Corporation (“Africa Re”) announces its membership of Africa Finance Corporation (“AFC”), and becomes the first multi-lateral financial institution to invest in AFC.
Africa Re, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continent’s premier reinsurance corporation, operating across 41 African countries. Africa Re’s membership of AFC will be officially sealed at a signing ceremony to be held in Lagos, Nigeria, on February 1, 2018.
Africa Re’s membership of AFC advances AFC’s growth strategy for its country membership and greater diversification of its shareholding. In recent months, AFC has grown its country membership in Francophone, East and Southern Africa, with the accession in 2017 of Benin, Kenya and Zambia, respectively. AFC now seeks to consolidate this success by further expanding its shareholder base.
Andrew Alli, President and CEO of AFC commented: “We welcome African Reinsurance Corporation (Africa Re) as a member and shareholder of AFC. As the first multilateral financial institution to become a member of AFC, this is a key milestone for us, as the Corporation seeks to further diversify its shareholding. We are, therefore, pleased to welcome Africa’s premier reinsurance corporation into membership of AFC and look forward to collaborating with Africa Re to provide innovative solutions to the development and financing of infrastructure assets in Africa.”
Corneille Karekezi, Group Managing Director & Chief Executive Officer of Africa Re, commented: “As a Corporation with both private and public shareholders, we see many synergies with AFC in the pursuit of African continent development agenda as well as business growth. Indeed, we have long admired AFC, and the transformative impact it has made across many of the geographies in which we operate, whilst delivering competitive returns. We are therefore delighted to become a part of one of Africa’s best success stories.”
Greenpeace Africa’s Executive Director Wins a Prestigious Human Rights Award
January 31, 2018 | 0 Comments
|Njeri has mentored many and her recent advances in the environmental protection crowns her lifelong commitment to human rights promotion and protection|
|NAIROBI, Kenya, January 30, 2018/ — Greenpeace Africa’s (www.Greenpeace.org/africa) Executive Director, Njeri Kabeberi, has won the 2017 Munir Mazrui ‘Lifetime Achievement Human Rights Defenders Award’ in a ceremony organised by the National Coalition of Human Rights Defenders (NCHRD-K) at the Royal Netherlands embassy in Nairobi, Kenya. This is one of three categories of Human Rights Defenders (HRD) Awards launched in 2016 to recognise and honour the work of human rights defenders in Kenya.
NCHRD-K is a national organization that promotes the safety and security of human rights defenders in Kenya through advocacy, capacity building and protection. It works in partnership with a Working Group on the Protection of Human Rights Defenders, chaired by the Royal Netherlands Embassy.
Announcing the award, Kamau Ngugi, Executive Director of the HRDs coalition in Kenya said:
“Njeri is a selfless Woman Human Rights Defender who has broken chains of patriarchy to lead successful campaigns for justice, good governance and human rights in Kenya and beyond. Njeri has mentored many and her recent advances in the environmental protection crowns her lifelong commitment to human rights promotion and protection that deserves recognition and celebration.”
Upon receiving the award, Njeri Kabeberi said she was humbled and honoured.
“Despite having received a number of International Awards this is the first time I have been recognised in my own country – and since it is said that a ‘prophet is never recognised in their own home’, this then becomes the biggest victory and the sweetest award to date.”
“Human rights defenders’ work is lonely and hardly appreciated but I know that focus, persistence and resilience always cause the desired impact. We earn our freedom when we learn to face fear head on; that is what others call courage” continued Ms. Kabeberi.
Njeri’s activism career spans over three decades; as a young girl in 1982, she quietly began supporting mothers and wives of political prisoners but her human rights work was only thrown into limelight a decade later when she was invited to the late Prof. Wangari Maathai’s house to join the organization of the campaign to release Kenyan political prisoners.
With this long history in human rights activism, Njeri is now leading Greenpeace Africa into a new wave of environmental justice for Africans by Africans. Human rights is inextricably linked to climate change.
“If we won the human rights and governance battle, but lost our planet, we would have lost everything.”
“My current vision is to build an Environmental Movement in Africa so powerful that African citizens begin to take responsibility for their future. This can be achieved by restoring the continent through green pathways and seeking global environmental justice to mitigate climate change impacts” concluded Kabeberi.
Africa Business and Investment Forum set for Addis Ababa, Ethiopia
January 29, 2018 | 0 Comments
Washington, DC – January 29, 2018: A high level public- private sector dialogue on ways of supporting and promoting private-sector led growth in Africa will take place on Tuesday, January 30, 2018 in Addis Ababa, Ethiopia.
The African Business and Investment Forum will serve as a platform for African and U.S. private sector executives to share insights with African heads of state, ministers, senior USG officials, representatives of multilateral institutions and other stakeholders.
The one-day Forum will feature roundtable discussions on issues related to trade and diversification, energy, agribusiness, and health. This will ensure that private sector voices and views are heard by leaders and key stakeholders, and that the day-to-day challenges faced by private sector operators in Africa are addressed.
Among the more than 150 expected participants are Prime Minister Hailemariam Desalegn of Ethiopia; President Filipe Nyusi of Mozambique; President Paul Kagame of Rwanda; President Alpha Condé of Guinea; President Macky Sall of Senegal; President Yoweri Museveni of Uganda; President Mahamadou Issoufou of Niger; President João Lourenço of Angola; and President Uhuru Kenyatta of Kenya; CEOs and senior executives of key U.S and African companies, both multinationals and SMEs will also attend.
In addition to providing a platform for a high-level public-private sector dialogue, the objectives of the Forum are to increase opportunities for business partnerships, secure commitments as well as track the adoption of business-friendly policies, and showcase countries and policies that are contributing to an enabling environment for enhanced African regional and global trade and investment, including with the United States.
The Africa Business and Investment Forum is organized by the Corporate Council on Africa (CCA) in partnership with the United Nations Economic Commission for Africa (ECA). ECA’s Executive Secretary, Vera Songwe, and CCA’s President and CEO, Florizelle Liser, will be representing the two organizing institutions at the event.
CCA, as the premier U.S. business association solely focused on promoting U.S.-Africa trade, investment and business engagement, will bring its 23-year expertise of successfully providing insights, connections and access critical to U.S. and African businesses operating on the continent.
ECA provides a unique platform for intermediation between the public and the private sector policies and programs, offering solutions and support to accelerate sustainable private sector development on the continent.
ARSENAL CLOSE IN ON £55M AUBAMEYANG SIGNING
January 29, 2018 | 0 Comments
By Chris Wheatley*
Arsenal are on the verge of completing the signing of Pierre-Emerick Aubameyang from Borussia Dortmund after the clubs agreed a £55 million (€63m) fee in principle, Goal understands.
Aubameyang, 28, has been subject of negotiations between the Gunners and Dortmund for several weeks, with Arsenal having refused to meet the Bundesliga side’s €70m asking price.
Goal understands the Gabon international has already agreed personal terms with the north Londoners, with an official announcement to arrive in the coming days.
The striker, who scored 31 league goals last season, was left out of two consecutive games for Dortmund after missing a team meeting, with head coach Peter Stoger accusing the frontman of not being focused.
However, Aubameyang started in Dortmund’s draw with Freiburg on Saturdayamid claims from the Bundesliga side that a transfer would be sanctioned if Arsenal reached “certain parameters”.
“We are ready to agree a transfer under certain parameters, but only if these are fully met,” sporting director Michael Zorc told German TV.
“We have a clear position. Arsenal has made several attempts so far. We have refused them all up to now.”
Aubameyang would join up with former Dortmund team-mate Henrikh Mkhitaryan at Arsenal after the Armenian joined in a swap deal which saw Alexis Sanchez head to Manchester United. The duo combined for 62 goals in all competitions two seasons ago.
This season, Aubameyang has scored 21 goals in 24 matches in all competitions. He has found the net 141 times since joining BVB from Saint-Etienne for €13m in July 2013, and he also has 23 goals in 56 caps for Gabon.
The 28-year-old’s on the verge of joining an Arsenal side that sit sixth in the Premier League table, five points off the pace in the race for the top four.
The Gunners were eliminated in their FA Cup third round meeting with Nottingham Forest earlier this month but have advanced to the Carabao Cup final against Manchester City and will face Swedish side Ostersunds in the Europa League last 32.
As previously reported, West Brom defender Jonny Evans is also a target at the Emirates Stadium, although a hamstring injury sustained at the weekend could see a transfer put on hold until the summer.
Evans is open to a move, but Arsenal may face a late battle, with the likes of Liverpool and Manchester City also keen to land the former Manchester United player, depending on his fitness status.
Diafra Sakho: Striker leaves West Ham to join French club Rennes
January 29, 2018 | 0 Comments
West Ham forward Diafra Sakho has joined French Ligue 1 club Rennes for an undisclosed fee.
The 28-year-old Senegalese, who joined the Hammers from Metz in 2014, scored 24 goals in 71 games for the club.
Sakho’s career at West Ham began well as he equalled a Premier League record by scoring in his first six starts.
However, injuries hampered the rest of his time at the club and he has started only two Premier League matches since the start of the 2016-17 season.