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Access Bank has completed negotiations to acquire the sub-Saharan subsidiaries of Standard Chartered Bank for an undisclosed sum. With this move, Access Bank’s pan-African drive sees another boon: an acquisition that could make it one of the continent’s topmost banks.
Announcement of the death of former President Rawlings pic.twitter.com/7ext0fp4sd
— Nana Akufo-Addo (@NAkufoAddo) November 12, 2020
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Safa formally announced its backing for Patrice Motsepe, who is bidding for the role of Caf president on Monday.
BET Announces hosts and nominees for the 2020 show.
[allAfrica] Geneva/Windhoek -- While much of the world has been mesmerized by the United States election amid an out-of-control pandemic, the African Union (AU) special envoy @AUBinetaDiop has been thinking about peace. She is coordinating the 10-12 November Virtual Forum on Women, Peace and Security (WPS), whose focus is enhancing \"the synergy of actions and accountability in the delivery of the WPS Agenda in Africa\", making United Nations Resolution 1325 more effective. Register for the forum, scheduled to begin at 12:30pm East Africa
Political analysts had been saying since 2017 that Black voters will decide the 2020 presidential election in the U.S. And right from Joe Biden's Democratic primary where Black voters in South Carolina helped him win to the presidential election where Black people lifted his bid to the presidency, Black voters have definitely been the backbone...
The post Here's Ghana's Adjoa Asamoah, Joe Biden's National Adviser for Black Engagement who helped him win appeared first on Face2Face Africa.
Oppo launched a limited edition Reno 4 Mo Salah smartphone equipped with an octa-core Qualcomm Snapdragon and 48MP rear camera.
Press Release - Deals already signed suggest people in low-income countries will be excluded from Pfizer-BioNTech vaccine
Sierra Leone Telegraph: 13 November 2020: Yesterday, Thursday, President Dr Julius Maada Bio addressed the second annual Pan-African development conference on innovations in agriculture, trade and investment titled: “Creating the Africa, We Want, Creating the Sixth Region We Want – through Agribusiness, Research, and Innovation”. The virtual meeting, convened by the African Peer Review Mechanism…
UNIFREIGHT Africa Ltd has posted an inflation-adjusted profit before tax of $19 million despite the impact of the COVID-19 pandemic on its operations. BY KUDZAI KUWAZA In its financial results for the half year ended June 30, 2020, Unifreight chairman Peter Annesley said although the freight company had not managed to meet its targets due to the COVID-19 pandemic, it had remained profitable. “Our half year results for 2020 were slightly disappointing versus our forecasted figures, but given the completely unexpected downturn created by COVID-19 shutdowns in April and May, we are pleased to report an inflation-adjusted profit before tax of $19 million which is 18% above prior year,” Annesley said. He said they had fared well when compared to how other companies had fared as a result of the pandemic. “Given the volatility of the reporting currency making the results very difficult to understand, a very good measure of performance is volume of which our tonnage was 22% down on prior as at half year. Given that some of our customers were shut down completely and many others were below 50% of normal trading volumes, I think we can be very grateful that we came out relatively unscathed and were able to remain profitable,” he said. The Unifreight chairman said the third quarter had shown a dramatic comeback with cumulative revenue on budget being 5% ahead of prior year and net profit being 36% ahead of budget in real terms. He added that their key performance indicators were moving in the right direction with improving yields, improving fuel consumption levels which can be attributed to a new fleet, decreasing labour costs per tonne and overall improvement in cost controls. Annesley said despite being confident of being on the right track and ending the year on a high, the parlous state of the economy had prepared them for a difficult year ahead. “We are focusing on what we can control, working hard to maintain a positive attitude and keep searching for pockets of opportunity that have been created, while at the same time protecting shareholder value,” he said. The freight company said the proposed transaction in which Birmingham Investments, Birmingham Properties and Tredcor would cease to be subsidiaries of Unifreight would not have an effect on its share capital and shareholding structure. Unifreight did not declare a dividend for the 2020 financial year.
MAHEBOURG LAGOON, Mauritius - Greenpeace has published an open letter in Mauritius' biggest newspaper slamming the government for its handling of the disastrous MV Wakashio oil spill, a Japanese ship. The disaster happened three months [...]
ACCRA — When it comes to food security, the challenge is not always about producing more – it’s also about quality: producing food that is wholesome and preserved safely. About 690 million people go hungry each year. The COVID-19 pandemic is expected to add between 83-132 million people to this number based on socio-economic factors. Even before the pandemic, about half of Africa’s citizens were food insecure. And much of Africa’s food is of low quality or lost before it even reaches the consumer. Africa has made some great strides in food production over the last decade even though it continues to be a huge net food importer to the tune of US$47 billion in 2018. But this pandemic has halted successes chalked in fighting poverty and disease and progress towards reaching the Sustainable Development Goals (SDGs). COVID-19 is not the only challenge. In the past year, Africa has grappled with locust swarms, droughts, flooding and conflicts which have slashed livelihoods and brought hunger to many in the region. Restrictions on movement during lockdown also impact on commodities like seeds, fertilizers and farming implements which has, in turn, led to decreased food production. Many crops were not readily accessible and farmers struggled to get their produce to markets. And then, adding to the crisis, the continent’s poor storage facilities were not up to scratch. COVID-19 showed the fault lines in our food production systems and this has compromised the livelihoods of millions of farmers. Food systems on the continent — including production, storage and processing, distribution and transportation, retailing and promotion — are dominated by traditional methods which are vulnerable to unexpected crises. The Comprehensive African Agricultural Development Programme, one of African Union’s continental frameworks under Agenda 2063, urges African governments to increase investment for agriculture by allocating at least 10% of national budgets to achieve agricultural growth rates of at least 6% per annum. Also in the declaration on Food security and Nutrition during the COVID-19 pandemic, African ministers of agriculture committed to putting in place measures that will reduce food post-harvest losses and make more food available in the markets. Now, as countries struggle to recover from the impact of the pandemic, there is the need for an action plan to consolidate efforts at these policies. Past interventions for Africa have focused on food production through improvement on crop varieties and yield. But we are not living in normal times. We must do more than simply look at production. Resilient systems need efficient storage and production processes. Post-COVID-19 Africa must invest in appropriate storage technology which is lacking in most developing nations and this causes unnecessary waste and considerable loss to their economies. For example, it is estimated that 60%–70% of food grains produced in developing nations are stored in traditional structures either in threshed or unthreshed at the home. However, most traditional
[HRW] Angolan police used live bullets, teargas, and dogs to disperse a peaceful anti-government protest, killing one protester, in the capital, Luanda, on November 11, 2020, Human Rights Watch said today. Police severely beat the well-known activists Nito Alves and Laurinda Goveia, who are both in critical condition, and arbitrarily arrested a third activist, Luaty Beirao.
Coronavirus Makes for an Oily Situation
As coronavirus cases peak once again in Europe and the United States, the anticipated continued weakened demand for oil could see global energy producers able to tweak an agreement on production cuts till 202 — as per an announcement on Monday by Saudi Arabia's energy minister. The Covid-19 pandemic — as with most industries worldwide, has also seen the dampening of the price of oi which has affected the key revenue for several oil-producing nations.
Mohammad Barkindo, the OPEC Secretary-General, outlined the current industry situation, \"Yes we have seen, or we are seeing a contraction of nearly 9.8 million barrels a day for 2020, but 2021 forecasts are continuously being revised upwards of 6.5 million barrels a day at the moment. And you have seen the reaction of the market after the U.S. elections, so there is no cause for alarm.”
The OPEC+ agreement aimed to ease those cuts to 7.7 million barrels per day through the end of the year and to almost 6 million barrels a day for 16 months beginning in January 2021.
And Post-Covid-19 Pandemic?
Sultan al-Jaber, the CEO of Abu Dhabi National Oil Company, remains positive about the post-covid-19 possibilities, \"We know that the world will still need oil and gas when all of this is over with and done, even at the height of the lockdowns of March and April the world still consumed 75 million barrels of oil per day.\" The OPEC+ countries — whose African member states include Libya (1962), Algeria (1969), Nigeria (1971), Gabon (1975), Angola (2007), Equatorial Guinea (2017) and Congo (2018), are scheduled to reconvene November 17th.
[DW] As tensions remain high between Ethiopia's federal government and local leaders in the northern region of Tigray, thousands of people have been forced to flee their homes and seek refuge in neighboring Sudan.
For the first time in 175 years, students at the U.S. Naval Academy in Annapolis, Md., will be led by a Black woman. Midshipman First Class Sydney Barber will during the spring semester be the brigade commander, the academy said in a release Monday. 21-year-old Barber from Lake Forest, Illinois, will assume the role -...
The post 21-year-old Sydney Barber will be first Black woman to serve as U.S. Naval Academy brigade commander appeared first on Face2Face Africa.
Press Release - Reporters Without Borders (RSF) welcomes the Egyptian justice system's agreement in principle to release five journalists but points out that this is far from enough and that only two of the five have so far been freed.
In March of 1998, the charismatic and controversial William Jefferson Clinton embarked on a six-nation tour of Africa in his second term as president of the United States. Except for how many countries he visited in those 12 days, Clinton in Africa was not particularly historic. Jimmy Carter had been to Africa in 1978 and...
The post The story of how Museveni called African chiefs 'as the ones to apologize for slavery' appeared first on Face2Face Africa.
[Dalsan Radio] Somalia will get a share of ?17.2 million approved by the European Union through the EU Emergency Trust Fund for Africa (EUTF) to support COVID-19 preparedness in three Horn of Africa nations.
The architect David Adjaye discusses his plans for an institution to house the looted treasures on their to return to Nigeria.
[New Times] The national football team, Amavubi, will use a chartered RwandAir plane when they depart Kigali for Cape Verde on Monday ahead of the November 12 clash.
Curriculum adjustments that account for the minority experience in America has been a focus of history courses in Falls Church City schools, especially after a summer where students protested against racial injustice and questioned how they should remember the founding fathers.
President Cyril Ramaphosa will answer questions in the National Assembly on the steps government has taken in the fight against state capture.
[Premium Times] Nigeria's new COVID-19 infections have increased in the last two weeks, suggesting a possible resurgence.
Sierra Leone Telegraph: 11 November 2020: On November 19th 2020, the Intra-African Trade Fair (IATF2021), will present an expert panel discussion focused on African Fashion: The Journey to the Global Market. This online event, designed for the emerging African Fashion sector is part of a series of digital events supporting [Read More]
