CNBC Africa

Tsogo Sun owns Southern Sun hotels and a number of gaming venues, including Montecasino north of Johannesburg. It has a market cap of R29.3 billion, a price to earnings ratio of 14.89 and a dividend yield of 3.61 per cent. Guest Joseph Busha from JM BUSHA Investment Group and resident expert Paul Theron from Vestact decide whether Tsogo Sun is hot or not.

March 17, 2017 06:00 UTC

Millions infected, thousands dead in Burundi malaria crisis

Millions infected, thousands dead in Burundi malaria crisisFrom OMEGA SSUUNA in Bujumbura, BurundiBUJUMBURA, (CAJ News) – A FATAL outbreak of malaria has claimed the lives of more than 3 000 Burundians since it erupted in the north of the country in 2016. The deaths are from about 10 million cases between 2016 and last week. In 2016, 3 000 died while this year alone, already 800 Burundians have died from the disease out of about 2 million cases reported. Nijimbere said the ministry was finalizing a response plan worth over US$31 million (R395 million) to address the epidemic from multiple angles. Burundi, with a population of 12 million is also enduring political problems that has led to 370 000 fleeing the country.

March 17, 2017 05:37 UTC

Hundreds executed without trial in DRC

Hundreds executed without trial in DRCFrom JEAN KASSONGO in Kinshasa, DRCKINSHASA, (CAJ News) – STATE agents have killed more than 230 civilians is extra-judicial executions in the Democratic Republic of Congo since the beginning of the year as the worsening political crisis coincides with escalating violations. The Armed Forces of the DRC (FARDC) soldiers were responsible for 183 extrajudicial executions – including 71 children and five women – accounting for more than half (56%) of the total number of extrajudicial executions in February. These were mainly in Central Kasaï Province (151 victims, including 60 children), Tanganyika (20 victims including five women and eight children), North Kivu (10 victims including one child) and Haut-Uélé Minor). In total, UNJHRO documented 461 human rights violations throughout the DRC, an increase from January 2017, during which 427 violations were documented. State agents were responsible for nearly 48% of the violations documented during the month, equaling 219 violations.

March 17, 2017 05:37 UTC

Kenya Re sets sights on North after South, West Africa entry

Kenya Reinsurance Corporation says it will build on its past successful regional expansion strategy to penetrate more markets in Africa, with a key focus on North Africa. Managing director Jadiah Mwarania says this will enable the corporation increase reinsurance capacity for insurance companies in Africa. Mwarania said the reinsurance, with heavy presence in Eastern and Central Africa, wants to increase its presence on the continent after successful entry into Southern and West African markets. Kenya Re officially opened a regional office in Lusaka, Zambia, in February 2016 to act as the hub for Southern Africa’s operations. The office serves Zambia, Zimbabwe, Botswana, Namibia, Mozambique and South Africa.

March 16, 2017 21:11 UTC

Julia McQuaid on the Complex Link Between Water and Conflict in the Middle East and North Africa

Does global water stress matter for U.S. national security, and if so, how? Understandably, the primary focus of much of the U.S. national security apparatus has been terrorist organizations like ISIS and Al Qaeda. “Incidentally many of them are also experiencing the conditions of water stress.” The correlation has made water a natural point of interest. But while there is an implicit sense that water stress and conflict are connected, there is little comprehensive research that defines and articulates the link. “Killing bad guys and working with partners to kill bad guys will only get us so far in this fight,” she tells the Wilson Center’s Sherri Goodman.

March 16, 2017 21:00 UTC

Pipeline cuts fuel transport costs in fight with Tanzania

Economy & Politics Pipeline cuts fuel transport costs in fight with TanzaniaA pipeline: Mombasa is facing increased competition from neighbouring Tanzania. FILE PHOTO | NMGKenya Pipeline Company Limited (KPC) has cut the cost of transporting fuel to neighbouring countries by nearly a third in a bid to win back business lost to Tanzania. This will see the importers save about Sh1.52 per litre for fuel transported on the pipeline and picked in Kisumu or Eldoret for neighbouring countries. The Kenya Transporters Association earlier said importers from regional countries were opting to route shipments through Tanzania because its fuel were untainted. In addition to the new port, the country is planning a $7.6-billion railway connecting Dar es Salaam to Burundi, Rwanda, Congo and Uganda.

March 16, 2017 19:13 UTC

Tribunal nullifies expulsion of Mutua, MPs by Wiper

Economy & Politics Tribunal nullifies expulsion of Mutua, MPs by WiperMachakos governor Alfred Mutua. Those affected were Mr Mutua, MPs Regina Nthambi (Kilome), Joe Musyimi (Mwingi Central), John Munuve (Mwingi North), Michael Kisoi (Mbooni), and Richard Makenga (Kaiti). “There was no due process in respect of the expulsion process applied with regard to the alleged misconduct of the complainants. The Political Parties Disputes Tribunal said that it was not clear whether Wiper Party was using its 2012 or 2016 party constitution. Wiper Party relied on the 2016 party constitution to expel them.

March 16, 2017 19:07 UTC

Spain: Moroccan arrested for funding IS in Syria

Spanish Interior Ministry Wednesday announced the arrest of a 43 year-old Moroccan man in the province of Girona, in Catalonia, for sending money to the Islamic State group (IS) in Syria. The network used fake identities and intermediaries to send several but limited amounts of money, a way to avoid suspicion. The man came under the radar of the security forces after authorities started monitoring a group of people sending money to IS militants. Another Moroccan was arrested early this month, in Catalonia, for threatening to blow off a train traveling from Barcelona to Girona. Some 194 jihadists have been arrested in Spain since 2015, the year authorities raised security alert level to four.

March 16, 2017 15:45 UTC

Examples of indigenous plants being used by Kamelia Zaal - in pictures

These plants can be found in Emirati landscape designer Kamelia Zaal’s most recent garden design, which can be found at Canvas, a new development by Koa, adjacent to Al Barari. She uses indigenous and naturalised plant species and aims to craft a design that works with the prevailing environment, by consuming just 10 per cent to 20 per cent of the water required by conventional planting designs.

March 16, 2017 12:33 UTC

Egypt's ICT Minister on charm offensive in Silicon Valley

Egypt's ICT Minister on charm offensive in Silicon ValleyThe campaign by Egypt's Ministry of Communications and Information Technology (MICT) to promote investment by US technology companies in the North African country's ICT sector is currently underway in Silicon Valley. Oracle General Manager and Senior Vice President Gary Miller pointed out that Oracle established two training centres in Borg El Arab and New Assiut Technology Parks," read the statement. "The Minister talked about the growth of the ICT sector, reaching a positive 11.2%, allowing the sector to rank first in growth rates among the other state sectors during the first quarter of the current fiscal year. ITWeb Africa has learned that Cisco Academy in Egypt is already planning an IoT Creathon to take place next week Wednesday. Students at Cairo University will compete to develop solutions to tackle IoT-related problems, according to organisers of the event.

March 16, 2017 11:37 UTC

Middle East and North Africa braces for fintech boom

Middle East and North Africa braces for fintech boomThe Middle East and North Africa (Mena) is set to experience a boom in fintech innovation over the next three years, propelled by a large unbanked population, VC inflows and the rapid emergence of a host of new startups, according to a state of the nation report prepared by local payment services outfit Payfort and entrepreneurial platform Wamda. According to the report, the number of startups in Mena’s Fintech ecosystem doubled from 46 to 105 over the three years 2013 to 2015 and the region could see a total of 250 fintech startups launch by the year 2020. Payments is the most developed of the sectors, with startups offering bill payment, electronic wallets, mobile and online payment solutions, including integrated payment services platforms. The report forecasts that some $50 million will be invested in the local fintech space during 2017 alone. “We’re also seeing more talented people choose entrepreneurship over corporate employment and more professionals from the financial sector identifying fintech opportunities.”

March 16, 2017 09:45 UTC

Creating a culture for digital civility by starting at the grassroots

In fact, South Africa is one of the worst countries when it comes to the level of civility across various online interactions. Microsoft is challenging people around the world to embrace “digital civility” through the Digital Civility pledge, which formed part of the recent Safer Internet Day (7 February). Teaching civility along with calculusFurthermore, because we live in a digital culture, citizenship skills that encompass a child’s full life must be a priority. In South Africa, the non-profit organisation Bridge2Africa, is one of the companies aiming to do this locally. By Angela Schaerer, Teacher Engagement Lead for Microsoft South Africa« Interview: Underwriter Laboratories’s Steven Jackets discusses The Future of Authetication Creatives invited to register for #CreativeHack2017 »

March 16, 2017 07:07 UTC

Ashley Mason seals his spot on Middle East & North Africa Tour

Ashley Mason claimed his Middle East & North Africa Tour (MENA) card when he successfully negotiated the 54-hole qualifying school at El Jadida in Morocco. Mason said: "Unfortunately I was ill when I arrived and was unable to play the first practice round. The MENA Tour is in two halves with a total of 15 events. "I will miss the first half, which starts this week in Casablanca, but plan to play in the second-half events later in the season. "Before that, I will compete in the EuroPro Tour Final qualifying school early next month for which I am eligible.

March 16, 2017 06:00 UTC

Morocco: King Mohammed VI fires Prime Minister Benkirane

Morocco: King Mohammed VI fires Prime Minister BenkiraneThe North Africa Journal – March 15, 2017 – The Moroccan King, Mohamed VI has reportedly sacked Prime Minister Abdelilah Benkirane and is preparing to appoint a replacement from within Benkirane’s party, the moderate Islamist PJD. The firing of Benkirane is the result of his inability to form a coalition government, that would have included ministers from other parties, as required by Moroccan law. Morocco has been without a functioning executive branch for nearly six months, following the parliamentary elections that saw the PJD win the biggest number of seats in parliament. As per Moroccan law, Mohammed has to appoint another member of PJD to form the cabinet. The next PJD Prime Minister is likely going to be more in line with the politicians who are close to the monarchy, even though Benkirane himself was no so autonomous from the monarchy in his policies.

March 15, 2017 22:41 UTC

Turkish chocolates seek to capitalize on MENA's sweet tooth

I opened it and saw Ülker labels, the leading Turkish biscuit and chocolate producer. "Something savory would be good," I thought, but then saw that all the biscuits were sweet. The factory has 6 assembly lines in total, out of which two produce biscuits while three are used for wafer production and one for chocolates. The factory has a range of 15 different products in three different categories: biscuits, wafers, and chocolate. As well as hygienic raw material storage with a cooling mechanism, the factory also has a shipment storage that ensures a separate temperature for biscuits and chocolate products.

March 15, 2017 21:45 UTC

Trending Today