Tuesday 23rd March 2010
Quote of the Day:
“Africa’s dependence on rice imports is no longer sustainable. The time has come to transform rice production into an engine for economic growth across the continent.” Dr. Papa A. Seck, director general of AfricaRice, speaking at the Africa Rice Congress 2010 in Mali
AFRICAN POLITICS
Sudan threat to expel poll monitors – Al Jazeera (QA)
23 March 2010
Sudan's president has threatened to expel international election monitors after they called for a delay in the country's first multi-party elections in 24 years. Full Story
Niger's ruling junta leader receives AU special envoy – Afrique En Ligne (FR)
23 March 2010
Niger ruling junta leader, Squadron Leader Djibo Salou, on Monday received the special envoy of the chairman of the African Union Commission, Professor Albert Tevoedjre. Full Story
DRC: UN may withdraw 2 000 troops – News 24 (SA)
23 March 2010
The UN mission in the Democratic Republic of Congo (Monuc) is planning the withdrawal of 2 000 troops at the end of June, the UN sources said on Monday. Full Story
El Baradei returns to Egypt - News 24 (SA)
23 March 2010
Mohammed ElBaradei, who has campaigned for political reform in Egypt since leaving his post at the top of the UN nuclear agency, has quietly returned to Cairo. Full Story
AFRICAN ECONOMY
Italy ups support for Mozambique's state budget – Macau Hub (MAC)
23 March 2010
The Italian government will provide 12 million euros to support the Mozambican state budget during the three-year period 2010-12, per the terms of an agreement signed on Monday in Maputo. Full Story
Low deficit fuels rand strength – News 24 (SA)
23 March 2010
SA's current account deficit - often described as the Achilles' heel of the economy - narrowed to only 2.8% of gross domestic product (GDP) in the fourth quarter of last year from 3.1% in the third, explaining why the rand has been so strong. Full Story
Int'l donors raise 841 mln USD for Darfur reconstruction – Xinhua News (CHN)
22 March 2010
The International Donors Conference for the Reconstruction of Darfur wrapped up here on Sunday with pledges to provide 841 million U.S. dollars for development and reconstruction projects in the war-torn Sudanese region. Full Story
AFRICAN BUSINESS
Banking and Finance
Investrust Bank anticipates growth in lending capacity – The Post (ZAM)
23 March 2010
Investrust Bank plc has stated that the successful closure of lines of credit with international financial institutions (IFI) will enable the bank to grow its lending capacity. Full Story
BoN raps banks over the knuckles – The Namibian (NAM)
23 March 2010
The Bank of Namibia (BoN) has lashed out against the public reaction to the proposed amendments on the Banking Institutions Act and Payments Systems Management Act tabled in Parliament recently, saying the statements ... Full Story
Stanbic Uganda Says Its Full-Year Profit Jumped 21% - Bloomberg (US)
23 March 2010
Stanbic Bank Uganda Ltd., the country’s biggest lender, said full-year profit jumped 21 percent after deposits, loans and advances to customers grew. Full Story
Oil and Energy
Dunavant oil plant cheers State – Times of Zambia (ZAM)
23 March 2010
Government has commended Dunavant Zambia Limited (DZL) for setting up an oil plant in Katete.The move is a good example of creating employment for the Zambian people both on permanent and seasonal arrangements. Full Story
FG to flood domestic market with gas – Vanguard (NG)
23 March 2010
The former Minister of State for Petroleum, Mr. Odein Ajumogobia, has assured Nigerians of adequate gas supply for domestic use as efforts are intensified to get Brass NLG and other gas plants in the country on stream. Full Story
Metals and Mining
Temasek Seeks Mining Investments in Africa, Mongolia – Bloomberg (US)
23 March 2010
Temasek Holdings Pte., Singapore’s state-owned investment company, is “fairly bullish” about mining investments and is seeking opportunities in Africa, Mongolia and the rest of the world. Full Story
Equinox reaches settlement with ZESCO – The Post (ZAM)
22 March 2010
Equinox Minerals Limited, the holding company of Lumwana mine and ZESCO have signed a settlement for the payment of US $4 million electrical charges incurred during the construction phase of the mine. Full Story
Technology and Communications
Rwandatel introduces high speed internet modem – The New Times (RW)
23 March 2010
Rwanda’s largest Internet Service Provider (ISP) by market share, Rwandatel, has introduced a new internet modem. Full Story
African telecoms to Rival Middle East – IT News Africa (SA)
23 March 2010
Since 2001, Investment into the African telecommunications sector has hit $18bn, however Africa has missed many opportunities to deploy cable infrastructure to the same extent as its competitive continents such as the Middle East and Asia. Full Story
Transport and Infrastructure
Mozambican cities of Inhambane and Maxixe to have permanent drinking water supply – Macau Hub (MAC)
23 March 2010
The cities of Inhambane and Maxixe will have a permanent 24-hour supply of potable water following completion of the project to restore and expand the respective systems, Mozambique’s Ministry of Public Works and Housing has indicated. Full Story
Rehabilitation of Eastern and Western Rail line to start soon – Ghana Web (GH)
23 March 2010
Rehabilitation of the Eastern and Central rail lines will soon begin at the cost of 2 billion dollars, Mrs. Peace Aku Attivor, the Deputy Minister of Roads and Highways, has disclosed. Similarly, government had invested 25 million dollars in the Western rail lines mainly to help the mining industry. Full Story
Airlines Swoop In on Growing African Market – Wall Street Journal (US)
23 March 2010
Airlines world-wide have been slashing flights to match dropping demand amid the economic crisis, but one unlikely region is bucking the trend: Africa. Full Story
Agriculture
Mozambique may become cereal exporter after 2015 – Macau Hub (MAC)
23 March 2010
Mozambique may become a cereal exporter starting in 2015, when its government hopes to achieve food self-sufficiency with the help of technical and financial aid from Japan and Brazil, an official from the Mozambican Agriculture Ministry ... Full Story
Let's create a brand for the local rice - Ghana Web (GH)
22 March 2010
The General Agricultural Workers Union (GAWU) of GTUC is leading a campaign that aims at branding the locally produced rice. Full Story
Other
Tanzania-Chinese company to manufacture construction equipment beginning Saturday – IPP Media (TZ)
22 March 2010
A Tanzanian company, Complete International, in collaboration with a Chinese firm, Changlin Company, plan to spend USD3m in a period of five months in a project to produce construction equipment beginning Saturday. Full Story
AFRICAN ENVIRONMENT
Flood victims to get long-term help – Times of Zambia (ZAM)
23 March 2010
Vice-President George Kunda has assured people affected by foods that Government will work hard to ensure that a lasting solution to the problem is found. Full Story
10,000 people at risk as new cracks emerge on Mt. Elgon – Daily Monitor (UG)
23 March 2010
The government last night ordered settlers on Mt. Elgon slopes to evacuate following discovery of 5-kilometre uphill fissure likely to trigger landslides that could kill some 10,000 people. Full Story
Gabon: SEEG provides educational kit on rational use of water – Afrique En Ligne (FR)
23 March 2010
The Gabonese Energy and Water Supply Company (SEEG) has offered educational kits to the "Association generation eau claire" with a view to raising awareness among pupils, aged between nine and 11 years, on the rational use of water. Full Story
40 hurt in Niger bee attack – News 24 (SA)
23 March 2010
Angry bees attacked villagers in southwestern Niger after being disturbed on Monday, putting more than 40 badly-stung residents in hospital and killing some of their animals, private radio Anfani reported. Full Story
“Africa’s dependence on rice imports is no longer sustainable. The time has come to transform rice production into an engine for economic growth across the continent.” Dr. Papa A. Seck, director general of AfricaRice, speaking at the Africa Rice Congress 2010 in Mali
AFRICAN POLITICS
Sudan threat to expel poll monitors – Al Jazeera (QA)
23 March 2010
Sudan's president has threatened to expel international election monitors after they called for a delay in the country's first multi-party elections in 24 years. Full Story
Niger's ruling junta leader receives AU special envoy – Afrique En Ligne (FR)
23 March 2010
Niger ruling junta leader, Squadron Leader Djibo Salou, on Monday received the special envoy of the chairman of the African Union Commission, Professor Albert Tevoedjre. Full Story
DRC: UN may withdraw 2 000 troops – News 24 (SA)
23 March 2010
The UN mission in the Democratic Republic of Congo (Monuc) is planning the withdrawal of 2 000 troops at the end of June, the UN sources said on Monday. Full Story
El Baradei returns to Egypt - News 24 (SA)
23 March 2010
Mohammed ElBaradei, who has campaigned for political reform in Egypt since leaving his post at the top of the UN nuclear agency, has quietly returned to Cairo. Full Story
AFRICAN ECONOMY
Italy ups support for Mozambique's state budget – Macau Hub (MAC)
23 March 2010
The Italian government will provide 12 million euros to support the Mozambican state budget during the three-year period 2010-12, per the terms of an agreement signed on Monday in Maputo. Full Story
Low deficit fuels rand strength – News 24 (SA)
23 March 2010
SA's current account deficit - often described as the Achilles' heel of the economy - narrowed to only 2.8% of gross domestic product (GDP) in the fourth quarter of last year from 3.1% in the third, explaining why the rand has been so strong. Full Story
Int'l donors raise 841 mln USD for Darfur reconstruction – Xinhua News (CHN)
22 March 2010
The International Donors Conference for the Reconstruction of Darfur wrapped up here on Sunday with pledges to provide 841 million U.S. dollars for development and reconstruction projects in the war-torn Sudanese region. Full Story
AFRICAN BUSINESS
Banking and Finance
Investrust Bank anticipates growth in lending capacity – The Post (ZAM)
23 March 2010
Investrust Bank plc has stated that the successful closure of lines of credit with international financial institutions (IFI) will enable the bank to grow its lending capacity. Full Story
BoN raps banks over the knuckles – The Namibian (NAM)
23 March 2010
The Bank of Namibia (BoN) has lashed out against the public reaction to the proposed amendments on the Banking Institutions Act and Payments Systems Management Act tabled in Parliament recently, saying the statements ... Full Story
Stanbic Uganda Says Its Full-Year Profit Jumped 21% - Bloomberg (US)
23 March 2010
Stanbic Bank Uganda Ltd., the country’s biggest lender, said full-year profit jumped 21 percent after deposits, loans and advances to customers grew. Full Story
Oil and Energy
Dunavant oil plant cheers State – Times of Zambia (ZAM)
23 March 2010
Government has commended Dunavant Zambia Limited (DZL) for setting up an oil plant in Katete.The move is a good example of creating employment for the Zambian people both on permanent and seasonal arrangements. Full Story
FG to flood domestic market with gas – Vanguard (NG)
23 March 2010
The former Minister of State for Petroleum, Mr. Odein Ajumogobia, has assured Nigerians of adequate gas supply for domestic use as efforts are intensified to get Brass NLG and other gas plants in the country on stream. Full Story
Metals and Mining
Temasek Seeks Mining Investments in Africa, Mongolia – Bloomberg (US)
23 March 2010
Temasek Holdings Pte., Singapore’s state-owned investment company, is “fairly bullish” about mining investments and is seeking opportunities in Africa, Mongolia and the rest of the world. Full Story
Equinox reaches settlement with ZESCO – The Post (ZAM)
22 March 2010
Equinox Minerals Limited, the holding company of Lumwana mine and ZESCO have signed a settlement for the payment of US $4 million electrical charges incurred during the construction phase of the mine. Full Story
Technology and Communications
Rwandatel introduces high speed internet modem – The New Times (RW)
23 March 2010
Rwanda’s largest Internet Service Provider (ISP) by market share, Rwandatel, has introduced a new internet modem. Full Story
African telecoms to Rival Middle East – IT News Africa (SA)
23 March 2010
Since 2001, Investment into the African telecommunications sector has hit $18bn, however Africa has missed many opportunities to deploy cable infrastructure to the same extent as its competitive continents such as the Middle East and Asia. Full Story
Transport and Infrastructure
Mozambican cities of Inhambane and Maxixe to have permanent drinking water supply – Macau Hub (MAC)
23 March 2010
The cities of Inhambane and Maxixe will have a permanent 24-hour supply of potable water following completion of the project to restore and expand the respective systems, Mozambique’s Ministry of Public Works and Housing has indicated. Full Story
Rehabilitation of Eastern and Western Rail line to start soon – Ghana Web (GH)
23 March 2010
Rehabilitation of the Eastern and Central rail lines will soon begin at the cost of 2 billion dollars, Mrs. Peace Aku Attivor, the Deputy Minister of Roads and Highways, has disclosed. Similarly, government had invested 25 million dollars in the Western rail lines mainly to help the mining industry. Full Story
Airlines Swoop In on Growing African Market – Wall Street Journal (US)
23 March 2010
Airlines world-wide have been slashing flights to match dropping demand amid the economic crisis, but one unlikely region is bucking the trend: Africa. Full Story
Agriculture
Mozambique may become cereal exporter after 2015 – Macau Hub (MAC)
23 March 2010
Mozambique may become a cereal exporter starting in 2015, when its government hopes to achieve food self-sufficiency with the help of technical and financial aid from Japan and Brazil, an official from the Mozambican Agriculture Ministry ... Full Story
Let's create a brand for the local rice - Ghana Web (GH)
22 March 2010
The General Agricultural Workers Union (GAWU) of GTUC is leading a campaign that aims at branding the locally produced rice. Full Story
Other
Tanzania-Chinese company to manufacture construction equipment beginning Saturday – IPP Media (TZ)
22 March 2010
A Tanzanian company, Complete International, in collaboration with a Chinese firm, Changlin Company, plan to spend USD3m in a period of five months in a project to produce construction equipment beginning Saturday. Full Story
AFRICAN ENVIRONMENT
Flood victims to get long-term help – Times of Zambia (ZAM)
23 March 2010
Vice-President George Kunda has assured people affected by foods that Government will work hard to ensure that a lasting solution to the problem is found. Full Story
10,000 people at risk as new cracks emerge on Mt. Elgon – Daily Monitor (UG)
23 March 2010
The government last night ordered settlers on Mt. Elgon slopes to evacuate following discovery of 5-kilometre uphill fissure likely to trigger landslides that could kill some 10,000 people. Full Story
Gabon: SEEG provides educational kit on rational use of water – Afrique En Ligne (FR)
23 March 2010
The Gabonese Energy and Water Supply Company (SEEG) has offered educational kits to the "Association generation eau claire" with a view to raising awareness among pupils, aged between nine and 11 years, on the rational use of water. Full Story
40 hurt in Niger bee attack – News 24 (SA)
23 March 2010
Angry bees attacked villagers in southwestern Niger after being disturbed on Monday, putting more than 40 badly-stung residents in hospital and killing some of their animals, private radio Anfani reported. Full Story
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