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Namibia Namibia Strikes Oil Deposit
Windhoek - After spending millions of dollars on exploratory drilling, Brazilian oil and gas exploration company High Resolution Technology (HRT) and local businessman, Knowledge Katti, announced yesterday they found a liquid oil presence off the Namibian coast. However, the drilling results for this first well show that the rock penetrated does not contain commercially viable oil reserves. The ...
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Africa The Scandal of Invisibility - Making Every African Count
Addis Ababa - As Africa marks 50 years since the establishment of the Organization of African Unity and the Africa Union, a partnership between the African Union, the African Development Bank, the UN Economic Commission for Africa and UN agencies is urging African Heads of State and Government to make effective civil registration and vital statistics systems a political priority. With a growing ...
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Africa Researchers Use Bacteria to Control Malaria Parasite
Washington - Mosquitoes get a lot of the blame for malaria, but the single-cell parasite Plasmodium carried by the mosquito is the real cause of the disease. Researchers are finding they can control the reproduction of that parasite so the mosquito won't pass it to a human when the insect goes in for a blood meal. While Plasmodium brings on disease in humans, a naturally occurring ...
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Africa CAF Beach Soccer World Cup Qualifiers Begin in Morocco
The Confederation of African Football Beach Soccer qualifiers to find two representatives for the FIFA Beach Soccer World Cup which will be held in Tahiti from 18 to 28 September 2013, gets underway in Morocco this week. The 8 team tournament will kick off from Wednesday 22nd May with group games and finish on 26th May with final and third place matches. The draw conducted on 21st May produced ...
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Africa Global Fund Releases New and Updated Information Notes to Assist NFM Applicants
The Global Fund has released a series of 15 information notes designed to assist applicants under the new funding model (NFM). Most of the information notes are dated February and March 2013. Four of the information notes are completely new. They ...
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British Top Diplomat Stresses Need for Syria Conference
British Foreign Secretary William Hague speaks as Jordanian Foreign Minister Nasser Judeh (R) listens during their joint news conference before a meeting of the Friends of Syria alliance in Amman, May 22, ...
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Afghan President Asks India for Military Aid
Afghan President Hamid Karzai has given a "wish list" of military equipment to India in hopes of securing more aid before international troops leave his country next ...
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Zimbabwes president signs new constitution
President Robert Mugabe said Wednesday the new constitution, unanimously accepted in a March referendum, has shown that Zimbabweans are united, regardless of political affiliation and without outside ...
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Zimbabwe PM Chinese investment welcomed
Zimbabwe's Prime Minister Morgan Tsvangirai on Wednesday said Chinese investments are welcomed and he hopes the economic ties can be further strengthened after Zimbabwe's elections.Tsvangirai told visiting Chinese Vice Premier Wang Yang that Zimbabwe's new constitution, which was signed into law Wednesday, provides strong protection for foreign investments.Chinese businesses form ...
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Egypts Morsi welcomes freed soldiers at military airport
Egypt's President Mohamed Morsi welcomed Wednesday at Almaza military airport in Cairo the seven freed soldiers kidnapped by militants on the Sinai Peninsula last Thursday.Defense Minister Abdel-Fattah al-Sisi, Interior Minister Mohamed Ebrahim, Chief of Staff Sedqui Sobhy, and Prime Minister Hesham Qandil along with other senior officials of the state also welcomed the released security ...
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France beefs up Africa Middle East embassy security
PARIS, May 22 (Reuters) - France will invest about 20 million euros ($25 million) to increase security for diplomats and embassies in the Middle East and Africa after its mission in Libya was targeted by a car bomb in April, the Foreign Ministry said on Wednesday. Spokesman Philippe Lalliot confirmed an email sent by Foreign Minister Laurent Fabius to staff on Tuesday saying the measure ...
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Ethiopian corruption watchdog arrests 51 suspects
ADDIS ABABA, Ethiopia (AP) -- Ethiopian authorities have carried out another wave of arrests that brings the number of people detained on suspicions of corruption to more than ...
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Eric Garcetti Wins Los Angeles Mayors Race
After receiving a concession call from Wendy Greuel shortly after 2 a.m. Wednesday, Garcetti tweeted his supporters: "Let's make this city great ...
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Kenya truth report shows assassinations land grabs corruption plagued its past governments
NAIROBI, Kenya - Kenyan President Uhuru Kenyatta has received a long-awaited Truth Justice and Reconciliation Commission report whose findings show that his father, the country's first president, presided over a government responsible for numerous human rights violations, including political assassinations and illegal allocation of land. The report released late Tuesday also finds that two ...
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Etisalat says Nigeria unit inks $1.2bn loan deal
UAE telecommunications giant Etisalat said its Nigeria unit had secured a $1.2bn medium term syndicated loan facility to refinance existing debt and expand its ...
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Kenya Govt to Renegotiate EU Trade Deal
The government will in the next two months conclude a deal that will ensure goods from Kenya continue enjoying tax-free market in European Union countries. Deputy President William Ruto said the government will ensure the Economic Partnership Agreement is signed. He said Kenya will negotiate with East African countries over the same agreement. "It is our responsibility as a government to ...
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Uganda Sri Lanka Uganda Agree to Stronger Links
Kampala - Uganda signed a bilateral trade partnership with the Democratic Socialist Republic of Sri Lanka last week. President Mahinda Rajapaksa was in Uganda to hold talks with President Yoweri Museveni and meet a cross section of the business community. He also officially opened the new Sri Lanka High Commission in Kampala. This is expected to strengthen the diplomatic and business ...
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Kenya TSC Operations to Be Crippled Next Month
Operations at the Teachers Service Commission may grind to a halt next month when the term of current members expires in June.The Commission on Administration of Justice says the TSC faces a crisis as a majority of those shortlisted were rejected by parliament and their appointment stopped.The commission wants the president to consider forwarding a fresh list of ...
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Uganda Housing Teams Up With Umeme
Kampala - Housing Finance Bank Limited (HFBL) has gone into partnership with Umeme, the electricity distributor to ease payment of bills. HFBL is offering its MCash electronic platform for more customer convenience. Its attraction is that it allows you to save and transfer money to other people or make payments at participating outlets. MCash is an electronic wallet of money that you can ...
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East Africa EA Drug Plan On
Kampala - East African Community (EAC) member countries are getting ready to come out with a blueprint that will drive the pharmaceutical manufacturing sector forward. Burundi, Kenya, Rwanda, Tanzania and Uganda have started implementing the EAC Regional Pharmaceutical Manufacturing Plan of Action (EACPMPOA 2012-2016) by setting up a project steering committee. The committee is made up of ...
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Kenya Fake Doctor Found in Nakuru Hospital
A man who has been pretending to be a doctor at the Rift Valley Provincial General Hospital in Nakuru was yesterday arrested. The hospital's medical superintendent, John Murema, said the "fake doctor", Francis Kadaya has been attending to patients during night shifts for the past week. He said Kadaya had a doctor's coat and a fake name tag that he used to enter the hospital. ...
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East Africa EAC Eyes Capital Markets for Development Funds
Kampala - East African Community (EAC) partner states have been discussing the possibilities of raising more money from international capital markets and reduce donor dependency. The plan is to use this money for financing infrastructure projects to improve the EAC competitiveness as an investor destination. Most recently Rwanda managed to sell a $400 million Eurobond which was quickly snapped ...
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Kenya Citi Profits Dip 36 Per Cent to Sh800 Million
CITIBANK NA Kenya has reported a 35.9 per cent drop to Sh801 million for the first three months of this year, down from Sh1.2 billion posted in a similar period last year. The period saw the bank's interest income on loans and advances dropping by close to 50 per cent to Sh536 million from Sh1 billion the previous year. This is after its loans and advances to customers, primarily ...
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Uganda Uganda Hot On Turkish Airlines List
Kampala - Turkish Airlines, the two time winner of Europe's Best Airline Award and the people behind the popular ad of Lionel Messi dueling with Kobe Bryant, say they are ready to work with Uganda's Ministry of Tourism and other stakeholders to promote the country's attractions. Speaking to the East African Business Week in an exclusive interview last week, Erbil Akgun, the ...
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Africa Is Africas Economic Boom a Myth
Africa is celebrating 50 years of political unity and the economy is also booming. It's now widely seen as a region of great opportunities, but experts are skeptical about how long this will last. Two out of three Africans have a mobile phone or smartphone. Purchasing power on the continent is increasing, markets are growing and more and more Africans are becoming billionaires. This is a ...
Johannesburg Focus
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Security and Soccer in the City of Gold
In 1991, on the 11th of February, South Africa celebrated an immense moment of change as Nelson Mandela walked free from prison, then on the 25th of June 1995, the Springboks defeated the All Blacks and South Africa became the winners of the rugby world cup. These two events were indicative of the country’s potential, especially when set against the pessimism of the public and the global community at large.
South Africa has become a country used to exceeding expectations. When the ANC came to power in 1994 many South Africans expected violent reprisals, the 1994 genocide in Rwanda did nothing to allay these fears and South Africans flocked in numbers to the greener pastures of Australia, but the massacre never came, the reprisals never occurred, the white-owned property was never confiscated by the government. Read more
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