Morocco, ‘Major Economic Force in Sub-Saharan Africa’- UN Magazine

Africa Renewal, a magazine issued by the Africa Section of the UN department of public information, published an article detailing how Morocco gradually established itself as a major economic force in sub-Saharan Africa. Citing figures from the World Investment Report 2016, the magazine notes that Morocco has earmarked investments worth $600 million in Sub-Saharan Africa, notably in Mali, which got the lion’s share, followed by Côte d’Ivoire, Burkina Faso, Senegal and Gabon. “Over the decade ending in 2016, Morocco’s investment in sub-Saharan Africa represented 85% of its overall foreign direct investment (FDI) stocks,” underscored the UN publication. In tandem with its investments and economic clout, Morocco has launched a diplomatic offensive led by the King himself who toured several African countries. Morocco withdrew from the predecessor of the AU, the Organization of African Unity, in 1984, on grounds of the biased decision of the organization.

January 16, 2017 11:59 UTC

Libya: “Meeting with Kobler, a Waste of Time,” Haftar

Head of the Libyan National Army aligned with the Eastern Government has reiterated his unwillingness to meet with UNSMIL Chief Martin Kobler arguing that the meeting will be pointless. Field Marshall Khalifa Haftar has reportedly declined an invitation for a meeting with Martin Kobler, the Head of the UN Support Mission in Libya (UNSMIL). Both men met in December 2015, on the eve of the signing of the Libyan Political Agreement (LPA) in Morocco. Following the meeting, Kobler indicated that the Libya General threw his support behind the LPA. For him Kobler seeks to change the leadership of the Libyan National Army through the LPA.

January 16, 2017 11:47 UTC

High Atlas Foundation Launches Tree Planting Day across Morocco

The High Atlas Foundation (HAF) announces the third Monday of January, which corresponds this year to January 16, as a Tree Planting Day across its project sites in Morocco. “On January 16th, HAF is planting trees with members of local communities and students of all ages in 16 provinces of Morocco at approximately 50 locations,” the Foundation says in a statement. HAF notes that tree planting on the third Monday of January is a means to begin each year “with a commitment to making your community a better place.”“Growing trees are an integral part of achieving the people’s development. The High Atlas Foundation (HAF) is a Moroccan association and a U.S. 501 (c) (3) nonprofit organization founded in 2000 by former Peace Corps Volunteers, and is dedicated to participatory grassroots human development in disadvantaged areas in Morocco, mostly rural. The Foundation works to establish development projects in Morocco that local communities design and manage, and that are in partnership with government and non-government agencies.

January 16, 2017 11:35 UTC

Tunisia: Punishment and Rewards – Handelsblatt Global

North Africa Tunisia: Punishment and RewardsBerlin wants to persuade crisis-ridden Tunisia to quickly take back rejected asylum seekers. Facts Facts The man who drove a truck into a Christmas market crowd on Berlin’s Breitscheidplatz was Anis Amri, originally from Tunisia. Germany’s Ministry for Economic Cooperation and Development and the Federal Finance Ministry are debating on how to help North Africa. As Minister for Economic Cooperation and Development, he sees North African countries from another perspective: “We need an economic stabilization. The big difference to Mr. Müller’s plan is that Mr. Schäuble wants to require North African countries to make more efforts themselves through reforms.

January 16, 2017 11:04 UTC

T-Systems SA, Roambee aim to give IoT new meaning in Africa

T-Systems SA, Roambee aim to give IoT new meaning in AfricaDeutsche Telekom's corporate customer arm and ICT services provider T-Systems South Africa has partnered with Silicon Valley-based IoT firm Roambee to combine technologies and offer businesses in Africa an end-to-end analytics and asset monitoring solution. Roambee is an IoT smart logistics and asset management company. The alliance provides Roambee with the opportunity to engage a wider market and bolsters existing analytics and asset monitoring technology offerings. T-Systems will leverage Roambee's smart in-field monitoring to strengthen its IoT drive and help clients improve risk management and transform data into measurable value. Paul Warrenfelt, T-Systems' SVP Sales and Service Management Region Americas and APAC, and Managing Director North America, also noted, "Any transformation to Industry 4.0 is incomplete without a scalable IoT solution, a secure cloud infrastructure, and a global deployment team.

January 16, 2017 10:52 UTC



2017 outlook for Africa – threats or opportunities?

This has contributed to the massive drop in the African economic growth over the past few years. This will in turn affect the African economic growth in 2017. For 2017, growth in sub-Saharan Africa will improve with an overall forecast growth rate of 2.9%, which is slightly above the global growth rate of 2.7%. Major African economies, like Angola, Nigeria and South Africa, are facing economic difficulties and will marginally improve their performance for 2017. However, despite the disappointing overall figures for Africa, there are many other African countries that are improving by leaps and bounds.

January 16, 2017 09:16 UTC

Africa, Taiwan and the Hypocrisy of China’s Principle of Political Non-Interference

China has always said to anyone who cared to listen that it is only interested in doing business in and with Africa. “No dealing with Taiwan” is China’s commandment to African states, a code that is backed by the carrot/stick of huge financial investment. Beyond Nigeria, China has always seen any Africa-Taiwan deals as a political obstacle to business. The problem with China’s coercion of African countries with regards to Taiwan isn’t about the right of the latter to self-determination. Rather, it is about the right of African countries to form their own national and foreign policies independent of external influence.

January 16, 2017 08:54 UTC

Scores flee possible Gambia mayhem

Scores flee possible Gambia mayhemFrom MOMODOU DIBBA in Banjul, GambiaBANJUL, (CAJ News) – ANXIETY has gripped Gambia ahead of Thursday when President Yahya Jammeh must hand over power to rival Adama Barrow after the December 1 election. Several thousand people, mainly children, have crossed into neighbouring countries to escape possible mayhem. While some people have decided to stay in Gambia, many are sending their children to Senegal as a precautionary measure. United Nations High Commissioner for Refugees officials confirmed the surge mainly to Kaolack, Kolda Sédhiou and Ziguinchor areas. UNHCR and Senegalese authorities have deployed joint field missions to southern Senegal’s Casamance, bordering Gambia.

January 16, 2017 08:05 UTC

Congo govt says M23 rebel fighters cross over border from Uganda

Armed fighters led by the military commander of former Congolese rebel group M23 have crossed the border into the Democratic Republic of Congo from Uganda, Congolese officials said on Sunday. The rebels had been in camps for demobilised fighters in Uganda following their defeat in 2013. Formerly, they were the largest of dozens of armed groups in the country and controlled huge swaths of the country's mining heartland in the east. Since then, the fighters have been scattered in camps in neighbouring Uganda and Rwanda awaiting amnesties. Many other armed groups remain active.

January 16, 2017 07:58 UTC

BRIEF-Moody's: Stable outlook for Levant and North Africa sovereigns reflects reform momentum

Dollar skids vs yen to lowest level since early DecTOKYO, Jan 16 The dollar skidded against the yen to its lowest levels since early December as the safe-haven Japanese currency gained against the backdrop of a selloff in sterling, as well as uncertainty about the impact of President-elect Donald Trump's future policies.

January 16, 2017 06:45 UTC

Announcement: Moody's: Stable outlook for the Levant and North Africa sovereigns reflects reform momentum

Announcement: Moody's: Stable outlook for the Levant and North Africa sovereigns reflects reform momentumMonday, January 16, 2017 3:26 AM UTCThe stable outlook for sovereign creditworthiness in the Levant and North Africa -- namely Moody's rated Tunisia, Jordan, Lebanon, Morocco, and Egypt -- in 2017 reflects the lower for longer energy price environment as well as the reform momentum in the region, despite continuing political and security headwinds, says Moody's Investors Service in its annual Levant and North Africa Sovereign Outlook, published today. Moody's report, "Sovereigns -- Levant and North Africa: 2017 Outlook -- Reform Momentum Supports Stable Outlook Despite Continuing Challenges ", is available on www.moodys.com. In Tunisia, the negative outlook also reflects tighter external funding conditions arising from its substantial foreign-currency debt and funding structure. Moody's projects current account deficits of 7.5% and 6.0% in Egypt for 2017 and 2018, and 7.9% and 7.3% for Tunisia. Moody's notes that domestic and/or geopolitical risk remain among the main drivers of event risk in regional sovereign credit profiles, especially in the case of Egypt, Lebanon and Tunisia.

January 16, 2017 03:30 UTC

Despite declaration of agreement, Ivory Coast soldiers still mutinous

Soldiers seized roads leading into the city of Korhogo in northern Ivory Coast late on Friday, a mutineer and a resident said, as disgruntled troops appeared to relaunch an army mutiny that paralysed much of the country last week. That’s why we are here.”This came after disgruntled soldiers reached an agreement with the government late on Friday resolving a dispute over bonus payments that had threatened to reignite a nationwide army mutiny, negotiators for the mutineers said. “We haven’t finished up, but that’s the most important thing.”The soldiers had appeared poised to relaunch their mutiny on Friday. Sporadic gunfire continued through the evening, and telephone networks appeared to have been shut down, hindering communications with the city. The minister and his delegation will go home without any problems,” said the soldier, who asked not to be named.

January 15, 2017 21:51 UTC

Determined Zimbabwe hold Algeria in AFCON thriller

Determined Zimbabwe hold Algeria in AFCON thrillerFrom DIDIER NDONG in Libreville, GabonLIBREVILLE, (CAJ News) – AFRICAN Footballer of the Year, Riyad Mahrez,scored a brace but his Algerian side were held to a draw by Zimbabwe in an entertaining Africa Cup of Nations encounter at the Stade de Franceville in Gabon on Sunday evening. Zimbabwe suffered a setback in the 11th minute when prolific striker Knowledge Musona limped off injured in the Group B encounter. Algeria took the lead in the 17th minute courtesy of an expert finish by Mahrez, who curled a shot beyond a diving Tatenda Mkuruva. This spurred the Zimbabweans to action and five minutes later, they were level five minutes later after Kudakwashe Mahachi darted into the box to fire a low shot past Rais M’Bolhi. Nyasha Mushekwi put the underdogs in front in the 29th minuted from the penalty spot after a foul inside the Algerian box.

January 15, 2017 18:10 UTC

Millers grappling with new rules on importing wheat

But now the government has come up with a new strategy to force millers to exhaust local wheat before opting for imports. The new rule compels millers to exhaust their allocated local quotas to qualify for an import licence for duty free wheat. “We have a new system in place that requires millers to buy all locally produced wheat before we issue them with an import licence,” said Agriculture Cabinet Secretary Willy Bett. Mr Bett said that when millers seek the wheat import licence from the Treasury, their request is referred to the Ministry of Agriculture to confirm whether they have met the condition of buying their portion of local wheat. The low international cost of the produce has seen millers import huge volumes of the cereal in recent months.

January 15, 2017 18:05 UTC

Nearly 100 migrants missing in Mediterranean after wreck

Officials say 110 people were on board the boat(CNN) -- Nearly 100 people are missing after a boat carrying migrants wrecked in the waters between Libya and Italy, the International Organization for Migration said Saturday. Many migrants have died trying to make the perilous trip from North Africa to Europe, with Libya being a popular jumping-off point. "Bodies washing up in Libya is something we often see preceded by a large shipwreck in the Central Mediterranean," Julia Black, who works with the organization's Missing Migrants Project in Berlin, said earlier this year. 2016 closed out as the deadliest year for migrants attempting to cross the Mediterranean Sea to Europe, the group said. More than 380,000 migrants made the trip to Europe successfully last year, according to the group.

January 15, 2017 09:43 UTC



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