A few years ago, Luanda, the capital of Angola, was on every ambitious investor’s lips. With large infrastructure and housing projects rapidly changing its appearance, the city seemed to be leaving behind the country’s 27-year civil war. But hopes for renewal are slowly dissipating as the price of the commodity on which Angola’s future was…
The Third India Africa Summit takes place in New Delhi between Oct.26-30. Over 50 African countries are expected to take part with most of them represented by their heads of state or government. This will be India’s most important and extensive outreach and will set the stage for even more economic and political interaction between…
On Friday (Oct. 23), Mxit, the South African-born instant messaging service, once dubbed Africa’s largest social network, announced that it was giving up the battle to compete against other mobile messaging platforms. The company is “shutting down its commercial operations” reports Fin24, opting to hand over its IP and technology to the Reach Trust—a South…
Robert Mugabe, the Zimbabwean dictator, has been named the winner of this year’s Confucius Prize, otherwise known as “China’s Nobel Peace Prize.” Mugabe may not seem like the obvious choice for a peace prize, given his brutal, repressive 28-year rule of Zimbabwe that has been marked by torture and killing of political opponents and destruction…
The recent downturn in Africa’s commodities markets might seem to signal dark times for the continent’s emerging economies. The slump in global oil prices prompted Angola’s government to end fuel subsidies; weak copper rates dramatically reduced the value of Zambia’s currency; and J.P. Morgan delisted the Nigerian naira from the Emerging Markets Bond Index. But…
Seeing the economic vitality in Côte d’Ivoire, you could almost forget that this country was ever embroiled in a vicious conflict with undercurrents of xenophobia and ethnic hate. Yet when Alassane Ouattara—the runaway favorite to win a second term in this coming weekend’s presidential election—took office in May 2011, it was after five months of…
The Federal Government, Monday, threatened to cut gas supply to Ghana’s power plants over 100 million Ghanaian cedi indebtedness. According to a former Chief Executive Officer of the Volta River Authority Dr. Charles Wireku- Brobbey, Nigeria’s decision to cut gas supply to Ghana’s Aboadze thermal plant was occasioned by the failure of the government to…
Nearly 4,700 migrants were rescued off the coast of Libya on Saturday as they tried to reach Europe but one woman was found dead, Italy’s coastguard said. Tens of thousands of people, mainly from Africa and the Middle East, have tried to cross the Mediterranean this year, often dangerously packed into small vessels unsuitable for…
IykBethany Gist Ville 