Friday, February 28, 2014

Nigeria's suspended Central Bank governor, Lamido Sanusi, could have the last laugh

by Ikechukwu Kelikume for The Conversation


The Nigerian business community and international investors into Africa's most populous country are still reeling from the shock of the suspension of Central Bank of Nigeria (CBN) governor Lamido Sanusi. President Goodluck Ebele Jonathan claimed the suspension of the CBN governor came against the backdrop of a report from the Financial Reporting Council of Nigeria and other investigating bodies, which indicated that Sanusi's tenure has been

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Botswana forgoing cheques for e-payments

Botswana’s citizens are increasingly choosing electronic transfers over cheques to make payments, according to the country’s central bank governor. Mohohlo advised that although banknotes and coins continue to be a major medium of exchange in Botswana, non-cash transactions, especially electronic transfers, have gained considerable ground.

“The result is that the average monthly cheque payments have declined by over 50% to about P3 billion in the five years to 2013,” Mohohlo

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Attorney General Eric Holder hospitalized and in good condition

U.S. Attorney General Eric Holder was in good condition after being taken to a Washington, D.C., hospital on Thursday for feeling faint and short of breath during a morning meeting with his staff, his office said. According to a statement, from his office, “He is currently resting comfortably and in good condition. He is alert and conversing with his doctors.”

Holder, 63, an appointee of President Barack Obama and has been the head of the U.S. Justice Department since 2009. He

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Antigua prepares for general elections and requests CARICOM observers

Antigua and Barbuda has asked the Caribbean Community (CARICOM) to send a mission to observe the general election likely to be held next month. The current administration has requested that the regional grouping mount a CARICOM Electoral Observer Mission (CEOM) “when the date is announced and which is at least 21 days before the actual day of polls”.

Prime Minister Spencer has not yet named the date for the poll, but told supporters of the United Progressive Party (UPP) to keep

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Antigua & Barbuda: Spencer Administration requests for CARICOM observers in preparation for general election

Antigua & Barbuda has asked the Caribbean Community (CARICOM) to send a mission to observe the general election likely to be held next month.

The Baldwin Spencer administration, which is seeking a third consecutive term in office, has requested that the regional grouping mount a CARICOM Electoral Observer Mission (CEOM) “when the date is announced and which is at least 21 days before the actual day of polls”.

Prime Minister Spencer has not yet named the date for the poll, but

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Mozambique: FRELIMO party meets to choose presidential nominee

Mozambique’s ruling party - the Front for the Liberation of Mozambique (FRELIMO) are set to nominate a candidate as its presidential frontrunner in a bid to unify factions that support former Prime Minister Luisa Diogo and ex-Defense Minister Filipe Nyussi.

Incumbent President Armando Guebuza, who will be stepping down as his second and final term comes to an end this October, has endorsed Nyussi, while supporters of his predecessor, former president Joaquim Chissano, have endorsed Ms.

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Thursday, February 27, 2014

Africa's local retail market promise

Many of the continent's largest retailers are dialing back their expansion plans and looking to make smaller advances closer to home. In a year that saw many African retailers pushing ahead with plans to expand on the back of growing consumer demand, 2013 was tempered by tougher conditions for consumers in the continent's biggest market, South Africa.

While the honeymoon is not yet over, a degree of reality has certainly appeared in the valuations of retailers listed on the Johannesburg

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Industrial engineer develops indoor mini-farms to beat climate change

Industrial engineer Ancel Bhagwandeen thinks that growing your food indoors is a great way to protect crops from the stresses of climate change.

So he developed a hydroponic system that "leverages the nanoclimates in houses so that the house effectively protects the produce the same way it protects us," he says.

Bhagwandeen told IPS that his hydroponic project was also developed "to leverage the growth of the urban landscape and high-density housing, so that by growing your own food at

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COMESA Encouraged with Regional Trade Cooperation in East Africa

A senior official at the Common Market for Eastern and Southern Africa (COMESA) stated that the organization is encouraged by an agreement between heads of state from Uganda, The Democratic Republic of Congo (DRC) and Ethiopia to join the group’s free trade program, a decision taken at the just-concluded summit.

The heads of state and government that attended the COMESA summit, which ended Thursday, in the DRC capital, Kinshasa, include Joseph Kabila, Michael Sata, Yoweri Museveni,

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Barbados to begin FATCA negotiations

Barbados International Business Minister, Donville Inniss recently announced that the Freundel Stuart administration and the United States have agreed to start negotiations with respect to an Inter-Governmental Agreement (IGA) that will give effect in Barbados to the provisions of the Foreign Account Tax Compliance Act (FATCA).

FATCA, enacted by the US Congress in 2010 and taking effect on July 1, 2014, is intended to ensure that the U.S. obtains information on accounts held abroad at

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Zambia GDP adds 25 percent after rebasing its economy

[caption id="attachment_412670" align="alignnone" width="512" caption="Zambia Central Bank"][/caption]

Zambia's gross domestic product is now estimated to be over 25 percent bigger after a rebasing its economy and updating the base year from 1994 to 2010, the country's statistics office said on Thursday. "According to the new benchmark estimates the GDP for 2010 is estimated at 97.2 billion kwacha( $16.7 billion). The new estimates are 25.2 percentage points higher than the old," acting

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Ghana's economy grew 5.5 percent in 2013 according to IMF

Ghana's economy grew 5.5 percent in 2013, less than the 8 percent targeted by the government, the International Monetary Fund said on Wednesday. The 2013 fiscal deficit rose to 10.9 percent of gross domestic product on revenue shortfalls, wage overruns and rising interest costs, the Fund said in a statement at the end of a mission visit.

That figure is higher than the government's revised target of 10.8 percent and the Fund also said the government's 2014 deficit target of 8.5 percent

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Kenyan banks fail to engage customers online

Most Kenyan banks are failing to engage with customers online. This is according to a survey conducted by the Kenya Bankers Association (KBA), which has revealed that less than half of all banks in the country are not engaging with their customers on social media tools such as Twitter and Facebook.

According to the survey conducted with 500 respondents countrywide, KBA said that only 19 out of the 43 commercial banks in the East African Nation engage customers online. This is despite

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Obama launches initiative to lift African American and Hispanic men today

U.S. President Barack Obama. PHOTO/File

U.S. President Barack Obama will Thursday launch a personal quest that will outlast his presidency to help young African American men survive and prosper despite deprived violent inner city environments where many grow up.

Obama plans to partner with foundations and businesses on an initiative known as “My Brother’s Keeper” to connect boys and young men to support networks and to equip them with the skills needed to go to college or get

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Jamaica: Sprinters Asafa Powell, Sherone Simpson to learn fate in April

Asafa Powell. PHOTO/Getty Images

Jamaican sprint star Asafa Powell must wait until April 10 to learn if he can resume his career this year after submissions were completed Wednesday in a doping hearing.

The 3-member Jamaica Anti-Doping Disciplinary Panel heard final arguments from attorneys representing Powell and the Jamaica Anti-Doping Commission (JADCO) completed submissions in the case on Thursday.

Powell, a former world 100-meter champion, and training partner Sherone Simpson

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Wednesday, February 26, 2014

African food delivery app partners with Nokia

Food delivery application ‘Hellofood’, which has a presence in nine African countries, has become available for users of Nokia Asha, Lumia and the X family of devices. The Hellofood country websites, which can be viewed on the ‘Foodpanda’ site, help restaurants to boost delivery sales through online and mobile systems. For consumers, the service helps them order food online.

The service is available in 38 countries. In Africa, the app can be downloaded in Nigeria, Morocco,

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Race on to save Caribbean banana industry from impact of climate change

When Dean, the first storm of the 2007 Atlantic hurricane season, lashed Dominica on Aug. 16, it left behind a trail of destruction, claimed the lives of a mother and son, and decimated the island's vital banana industry. Seven years later, Dominica's agricultural sector remains painfully vulnerable to natural disasters and climate variability. Every year, farmers lose a significant portion of their crops and livestock during the six-month hurricane season.

"Our first major hurricane was

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Hip Hop artist Akon launches initiative to bring electricity to 1 million homes in Africa

Akon at the 2010 World Festival of Black Arts and Cultures press conference held at the Grand Hyatt on September 24, 2010 in New York City. PHOTO/File

Five-time Grammy nominated hip-hop artist, entrepreneur and philanthropist Akon has has initiated a partnership with various organizations to bring electricity to 1 million homes in West and Central Africa by the end of 2014.

The initiative known as "Akon Lighting Africa" covers 9 countries including: Burkina Faso, Congo, Equatorial

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Health care insurance enrollment hits 4 million - Obama

Pro-Obamacare demostrators lobbying outside the U.S. Supreme Court. PHOTO/Carolyn Kaster/Associated Press

Pressing for a final rush of health care enrollees, U.S. President President Barack Obama said Tuesday that about 4 million people have signed up for health insurance through federal or state marketplaces set up under his health care law.

But with a key deadline approaching fast, he urged some of his most steadfast backers to help sign up millions more by then.

"We've only got

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South Africa: 5 miners die in abandoned gold shaft

Five illegal miners have been found dead in an abandoned shaft near Johannesburg, emergency services said on Wednesday, highlighting the dangers of scavenging for bullion beneath Africa's financial center.

Emergency services spokesman Robert Mulaudzi said the 5 bodies were brought to surface on Tuesday night and were confirmed dead at the scene. The bodies were recovered in an old shaft in Roodepoort, just west of Johannesburg.

"We can't confirm the cause of death yet, it could have

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Veronica Campbell-Brown cleared by Court of Arbitration for Sport - will return to competition

Veronica Campbell-Brown at the 2012 London Olympic Games. PHOTO/File

Decorated Jamaican sprinter Veronica Campbell-Brown has revealed that she has been cleared to return to the track by the world sports court some 10 months after returning a positive test at a meet.

The Court of Arbitration for Sport has confirmed my innocence and she intends to focus on advancing her career, including regaining her world 200-meter title next year, Campbell-Brown said in a Monday statement.

The

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Tuesday, February 25, 2014

Ghana's Government adopts free education plan of the Opposition

Ghana will look toward boosting its local industries to strengthen its economy, President John Dramani Mahama said in his annual state of the nation address in parliament. The president stated that the structure of the economy has not changed since colonial times with reliance on the exportation of raw materials.

Around $1.5 billion is currently spent on importing rice, sugar, fish, wheat, poultry, vegetable oil and tomatoes. However this money could be otherwise kept in the country if

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Technology sees al-Shabaab emerge to become a threat to Ethiopia

Security experts and government officials from more than a dozen Middle East and Horn of Africa countries are meeting in the Ethiopian capital, Addis Ababa, to find ways to counter violent extremist groups. The meeting brings together security officials and experts working on how to counter extremist messages being disseminated in the Horn of Africa.

The meeting, themed "Countering Violent Extremist messaging in the Greater Horn of Africa", brings together the U.S. Defense Threat

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Investors promise $7.8 billion to jump start Senegal's economic growth plans

Senegal secured pledges worth about $7.8 billion at a donor conference that began in Paris on Monday to help kick-start a development plan aimed at doubling economic growth rates over the next decade. Senegal is one of West Africa's most stable democracies.

Its president, Macky Sall, has been praised for anti-corruption measures he has implemented since winning office in 2012. But his government is under pressure to create more jobs and diversify the economy. The development plan

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Africa needs Trade not Aid

By Paul Frimpong


DEAD AID: Why TRADE facilitation is necessary but not AID

Indeed to realize the potential of Africa, there is the need to develop means to facilitate trade across borders and this means major investments in transport infrastructure including roads, ports, internal container depots, inland water ways and railways.

In the post-independence period, trade has being a core element of the development strategy of African countries and despite claiming regional trade as a

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Uganda Telecom to 'relaunch' voice SMS service

Uganda Telecom has announced that it plans to 'relaunch' its voice short message service (SMS) for both feature phones and smartphones in the country. The new service is planned to be launched by Kirusa, a voice and social media solutions firm for emerging markets.

Uganda Telecom is using Kirusa’s voice SMS technology, which is planned to enable mobile subscribers to send messages by voice and eliminating the need to type according to a written statement. Kirusa Voice SMS service is

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Commonwealth seeking to establish trade facility to assist CARICOM countries

The Commonwealth is seeking to establish a trade facility that would benefit Caribbean Community (CARICOM) countries, Commonwealth Secretary General, Kamalesh Sharma, has said. Sharma, who held talks with CARICOM chairman and Prime Minister of St. Vincent and the Grenadines, Dr. Ralph Gonsalves on Monday, said that the facility would provide to small states a facility which larger economies enjoy.

Sharma said his talks with Gonsalves, focused on economic issues, trade, the environment

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Caribbean countries working to strengthen HIV programs through human rights

UNAIDS Caribbean said Monday that 8 regional countries have finalized specific strategies aimed at strengthening their HIV programs by making them more responsive to human rights.

It said that the representatives from Barbados, the Dominican Republic, Guyana, Haiti, Jamaica, St. Lucia, Suriname and Trinidad & Tobago met her last week for a 3-day workshop hosted by the Joint United Nations Program on HIV/AIDS (UNAIDS).

It said they discussed cultural, social and political barriers to

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Massachusetts Governor Deval Patrick does not rule out presidential bid beyond 2016

Governor Deval Patrick of Massachusetts. PHOTO/File

Governor Deval Patrick of Massachusetts is not ruling out a bid to run for the presidency of the United States at some point in future.

In July last year, Deval ruled out running for the White House in 2016.

Asked in an interview whether he could see himself as a national candidate in the future, Deval - a second term governor, responded: “Maybe. Maybe.”

“That’s a decision I have to make along with my wife of 30 years,

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South Africa: Judge allows television cameras in Pistorius murder trial

Double amputee Oscar Pistorius of South Africa at the London 2012 Olympic Games. PHOTO/Olivier Morin/AFP/Getty Images

A South African judge ruled on Tuesday that the murder trial of Olympic and Paralympic track star Oscar Pistorius can be televised, giving millions around the world direct access to one of the most sensational celebrity trials since O.J. Simpson's.

Pistorius, 27, has admitted to shooting his girlfriend, model Reeva Steenkamp, at his Pretoria home on Valentine's Day

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Monday, February 24, 2014

Links Foundation to donate $1 million towards African American History museum

Design concept for the National Museum of African American History and Culture. IMAGE/David Adjaye

The Links Foundation Inc., an international non-profit, has revealed that it will give US$1 million to help build the Smithsonian’s National Museum of African American History and Culture on the National Mall in Washington DC.

The foundation which also serves as the philanthropic extension of The Links, an largely black female organization, made the announcement on Saturday during an

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Kenya turns to technology to fight corruption in the tendering process

The Kenyan government is in the process of developing an online procurement system to fight tender corruption. The system dubbed ‘Procure to Pay (P2P)’ is scheduled for launch for July 2014, by the country’s treasury, and is planned to be part of Kenya’s Integrated Financial Management Information System (IFMIS), which connects government ministries, agencies and all 47 counties.

This was revealed by Treasury IFMIS department director, Jerome Ochieng, who said corruption affects

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Ericsson Chief states that $10 price-cut could grow smartphone adoption by millions

Ericsson chief executive officer, Hans Vestberg, says that if the average price of smartphones came down by $10 some 100 million more people could have access to these devices. Vestberg was speaking at a briefing at the 2014 Mobile World Congress (MWC) in Barcelona, Spain on Monday morning where he said one billion smartphones were shipped in 2013.

Last year an Ericsson ConsumerLab report said that smartphones as cheap as $50 could help bridge sub-Saharan Africa’s digital divide. In

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Nigeria: Dangote leads in record syndicated loan surge

Aliko Dangote. PHOTO/File

(Bloomberg) - Billionaire Aliko Dangote, Africa’s richest man, helped fuel a record surge in syndicated loans by Nigerian borrowers last year with a US$3.3 billion facility.

The nation’s companies signed more than US$13 billion of syndicated debt, four times the amount raised in 2012, according to data compiled by Bloomberg. Dangote Industries Ltd. got its loan from local and international banks to help fund construction of a US$9 billion oil refinery and

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Middle class growth driving B2C e-commerce in Africa

Research and Markets Africa B2C E-Commerce Report - 2013 indicates that growing Internet penetration, the spread of mobile technology and improvement of payment and delivery infrastructure are factors that can boost E-Commerce on the continent.

Research and Markets CEO Yücel Yelken says E-Commerce has high potential in Africa as the growing middle class seeks more convenient shopping and better price quality, driving local and international Internet merchants to operate in the

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Africa's opportunities at the 2014 World Cup in Brazil

At the 2014 World Cup in Brazil, five African nations will be competing. According to The Africa Report's, there will be several countries and players to watch. What was once a field of close to 50 African teams has now been narrowed down to a final five for the 2014 World Cup in Brazil as the year drew to a close.

The battle saw the best and worst of African football on display with exciting plays, passionate fans and also questionable refereeing that accompanies soccer in general.

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Barbados political parties try to rally support as economic downturn continues

The ruling Democratic Labour Party (DLP) is observing its first year in office by telling supporters that despite the ongoing economic crisis in Barbados, it was still confident that the policies in place will bear fruit. Finance Minister Chris Sinckler, addressed DLP supporters in the St Michael North constituencies on Sunday night by saying the Stuart administration had been able to hold the economy together and maintain adequate levels of foreign reserves up to May last year.

The

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Serena Williams keeps No. 1 spot in WTA rankings

Serena Williams celebrates her win over Li Na 2-6, 6-3, 6-0, to win the WTA Championships title, October 27, 2013. PHOTO/Bulent Kilic/AFP

Serena Williams continues to dominate the rankings and is nearly a massive 6,000 points clear of second ranked Li Na of China despite going out in the semi-finals in Dubai last week to Alize Cornet of France.

Her sister Venus Williams, who won the title in Dubai, her first tournament triumph in 16 months, gained 15 places to stand at 29th.

The

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Didacus Jules named Director General of Organization of Eastern Caribbean States

The Organization of Eastern Caribbean States (OECS) has announced the appointment of St. Lucian, Didacus Jules (pictured) as the organization’s new Director General.

Jules, the Registrar and Chief Executive Officer of the Barbados Caribbean Examinations Council (CXC) will take up his new position on May 1, 2014.

He replaces Len Ishmael, who demitted office at the end of December 2013.

"The Authority is confident that the correct choice has been made and we look forward to working

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Egypt: Government resigns

(Reuters) - Egypt's government has resigned, the prime minister said on Monday, a step likely to pave the way for army chief Field Marshal Abdel Fattah al-Sisi to declare his candidacy for president of a strategic U.S. ally gripped by political strife.

"The government made every effort to get Egypt out of the narrow tunnel in terms of security, economic pressures and political confusion," Prime Minister Hazem el-Beblawi said in a live nationwide speech.

Beblawi, who was tasked by

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Sunday, February 23, 2014

Meet Lisa Fritsch the first African American woman to run for Texas governor

Lisa Fritsch (pictured), is the first African American woman to run for Texas governor.

Fritsch is a University of Texas graduate, writer and commentator. Fritsch says her candidacy is historic for more than just her race and gender.

Fritsch a Republican, has said that she is running on the platform of economic opportunity and growth for all Texans, and intends to address the more than 18 percent of Texans living in poverty; to address education issues and immigration reform in the

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WHITE GOLD - Jamaica Looking To Earn Millions From Cotton

The Japanese government is investing just under US$107,000 (J$11 million) to resuscitate the local West Indian Sea Island Cotton industry, for which there is an annual global demand of six-million pounds of lint. Less than one per cent of that amount is being supplied now.

The money from the Japanese will be used to purchase a row-crop tractor, a high-crop tractor, two boom sprayers, and a cultivator which are vital to get Jamaica on track to tap into this lucrative market where it

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Haiti: Human Rights groups applaude appelate court's decision to open new investigations into Duvalier

Former Haitian leader, Jean-Claude Duvalier. PHOTO/File

Human rights watchdog, Amnesty International, has welcomed a decision by the appeal court in Haiti to open new investigations into former dictator Jean-Claude Duvalier for crimes against humanity.

Amnesty International said the decision is a “major boost for the victims in their long quest for truth and justice.”

“This much-needed green light to continue the investigations is a victory for the victims of torture,

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Saturday, February 22, 2014

South Sudan government orders the embattled oil state to keep crude flowing

South Sudan has reversed a plan by local authorities to partially shut down oil production and evacuate foreign workers in its main oil-producing region after it was hit last week by the worst fighting since a January ceasefire. Currently, thousands have been killed and more than 800,000 have fled their homes since the fighting began in South Sudan, two months ago, triggered by a power struggle between President Salva Kiir and Riek Machar.

On January 23, the warring sides signed the

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Kenya Power to spend $1 billion over 3 years to upgrade network

Kenya Power said it planned to spend 86 billion shillings in the next three years to upgrade its electricity distribution network in order to keep up with growing demand. In a statement, Ben Chumo, the company's chief executive, said in a statement that the cash will go to building new substations and power lines and upgrading existing infrastructure to enhance the stability of the power supply.

Currently, Kenya suffers from frequent blackouts due to supply shortfalls and an aging grid,

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Friday, February 21, 2014

Gabon tells French Total oil company to pay $805 million in back taxes

Gabon's government has told French oil major Total's local subsidiary to pay $805 million in back taxes from 2008 to 2010, in a case watched closely by potential new investors in the West African country's energy sector. However, Total Gabon said it would challenge the tax demand, which follows a state audit of the former OPEC member's petroleum industry that began in 2010.

The company said it "considers this tax adjustment unfounded" and was confident that discussions with the

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Dominican Republic delegation advises that Haitians will not be stripped of citizenship

The Dominican Republic delegation to the Organization of American States (OAS) made assurances that nationals who were born in the Dominican Republic of Haitian parentage will not be stripped of Dominican Republic citizenship.

The delegation, via Alternate Representative Mayerlyn Cordero Diaz, made this statement on Wednesday during a debate on the issue by the Permanent Council of the Organization of American States (OAS).

“The Government of the Dominican Republic reaffirms that no

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Botswana to become a new home for diamond trading

Gaborone's first gem sales will bolster the negotiating power of African governments in the natural resource sector. In a significant early victory in the battle for local countries benefiting from their own natural resources, De Beers held its first diamond sale on November 11th in Gaborone, Botswana, after ending the sales operations of its London-based Diamond Trading Company.

Known as 'sights,' these sales are held 10 times a year in which each sale brings more than 80 sight holders

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Kenya's Longhorn profit increases due to regional expansion

Kenyan book publisher Longhorn reported a 78 percent increase in its pretax profit for the six months ended in December. The growth was driven by the company's expansion into regional markets to supply school textbooks. Longhorn reported a pretax profit of 43.1 million Kenyan shillings.

However, the company said the introduction of value-added tax (VAT) on books in Kenya in September had marked a major setback, but that business had continued to grow nonetheless. Furthermore, Longhorn

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Haiti: More calls for further investigation on Duvalier human rights abuse case

Former Haitian leader, Jean-Claude Duvalier. PHOTO/File

A appellate court in Haiti, has called for further investigation into human rights abuses allegedly committed during the 15-year rule of former dictator Jean-Claude Duvalier, creating an opportunity for the prosecution to submit more evidence and perhaps even launch a trial against him.

A panel of 3 judges, said Thursday that an earlier court ruling was incomplete, and called for one of the judges to interview witnesses including

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The African American Experience and the African Diaspora

In 1926, the Association for the Study of Negro Life and History proposed that a week in February each year be reserved to remembering Abraham Lincoln, Frederick Douglass and the many others who had contributed to the freedom and emancipation of the African American – then known as the negro. That week was to be dedicated to teaching African American history in public schools throughout the country. However, it was not until 1976 when that the week became a month-long celebration of

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Thursday, February 20, 2014

Antigua Finance Minister, Harold Lovell, confirms Antigua removed from FATF "Grey List"

Finance Minister Harold Lovell proclaimed that Antigua and Barbuda has been removed from the “Grey List” of the Paris based Financial Action Task Force (FATF). He said, "The United Progressive Partyadministration has shown that we not only talk about accountability and adherence to the highest ethical standards associated with international norms, but we put or words into action."

Lovell went on to add, "The hard work of the staff of the Ministry of Finance, the Financial Services

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Mugabe states that he is not ready to retire

Zimbabwe President Robert Mugabe, who turns 90 on Friday, says he is not retiring soon and will deal decisively with party leaders who are vying to succeed him. Speaking in a traditional interview on the eve of his birthday, to be aired on state television Thursday, Mugabe said that any discussion of his succession would cause division among his Zanu PF party.

He asked, "But why should it (succession) be discussed when it is not due? Is it due?" However, he went on to add, "The

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BMe - A New Network Community of Inspired Black Men leading positive change

(BlackPRWire) - Miami, Florida - Earlier this week, a national story-gathering campaign kicked off to acknowledge black men and boys as assets to society. BMe Community, a high-growth, mission-driven social enterprise is leading this campaign, and has set a goal of getting thousands of people to share stories about black males they know who help others.

Trabian Shorters, former vice president of communities for the John S. and James L. Knight Foundation and founder of BMe Community said,

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Nigeria: Naira takes a hit after Central Bank Governor Sanusi leaves

Immediate Past Nigeria Central Bank Governor, Lamido Sanusi. PHOTO/File

Nigeria's President Goodluck Jonathan on Thursday suspended the Central Bank governor
in a surprise move that halted bond trading and sent the Nigerian naira to a record low, after his accusations of missing oil revenue sparked a public outcry and criticism against the government.

According to President Jonathan's spokesman Reuben Abati, in an e-mailed statement, Lamido Sanusi, was suspended for alleged

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Wednesday, February 19, 2014

The Future of South Africa: Seven Things That Need to Happen

By Jakkie Cilliers
A new paper by the Institute for Security Studies (ISS), called South African Futures 2030, outlines several plausible scenarios for the country, based on the most likely implications and actions by South Africans and their leaders.

Of these, the most prosperous scenario is dubbed 'Mandela Magic'. In order for the country to be set on this pathway, seven strategic interventions are required. The first is the reform of the state's political institutions, Parliament in

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Ericsson bets on 3G in Africa's fast-growing telecoms

The world's top mobile infrastructure supplier, Ericsson, is betting that the fast-growing African mobile broadband market will remain dominated by 3G services over the next years as the newest 4G smartphones remain too expensive for African consumers.

Africa's rapid telecoms expansion has come to symbolize the continent's economic growth, with the World Bank estimating that a 10 percent increase in broadband coverage could add 1.4 percentage points to economic output. But while

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Cleanliness Is Next To Wealthiness: African Americans Have Always Been Leaders In The Laundry Business

The axiom reads “Cleanliness is next to godliness.” So I suppose there’s no reason to be surprised that African Americans — a community known for its spirituality — have a long history caring for and cleaning garments. The relationship between Blacks and laundry is more than an offshoot of plantation duties with a washboard.

It’s an industry that has long been good to both women and the darker-skinned of the United States. Better, the clean clothes business has also proven a

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GSMA says global investors ignoring Kenyan start-up opportunities

Global investors are not taking notice of Kenyan start-ups as 60% of new tech businesses in the East African country are ‘bootstrapped’, according to a GSMA report. The term ‘bootstrapped’ refers to businesses funding themselves in their initial start up phases with little or no money.

“As in many low-income countries, venture capital firms are dipping toes in the water but failing to take the plunge,” says the GSMA in its ‘Digital Entrepreneurship in Kenya 2014’ report.

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Caribbean Tourism Organization to target Caribbean Diaspora in bid to further grow industry

The contribution of the Caribbean Diaspora to the regional tourism industry will be among matters discussed when the Caribbean Week begins in New York in June.

The June 1-8 event is being organized by the Barbados-based Caribbean Tourism Organization (CTO) and will bring together various stakeholders to discuss the state of the industry, which for some Caribbean countries, is the main contributor to their economies.

The organization said that the “frank and open discussion” on

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Barbados targets Chinese investors and visitors for business opportunities

The Barbados government says it wants a speedy conclusion for an air services agreement with China as it hopes to lure visitors and investors from the Asian country.

A government statement providing details of a meeting between the island’s Ambassador - Designate to the People’s Republic of China, Dr. Chelston Brathwaite, quoted Prime Minister Stuart as saying that Barbados was in the development phase of its relationship with China and it was now necessary to familiarise the Chinese

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South Africa: Court delays decision on televising Oscar Pistorius murder trial

Double amputee Oscar Pistorius of South Africa at the London 2012 Olympic Games. PHOTO/Olivier Morin/AFP/Getty Images

South Africa's High Court on Wednesday delayed judgment on an application by local television stations to broadcast live the murder trial of double-amputee Oscar Pistorius who is charged with murder in the shooting death of his girlfriend in February last year.

Judge Dunstan Mlambo said he would deliver judgment on Tuesday next week for the application submitted by

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Tuesday, February 18, 2014

Obama meets with African American Civil Rights leaders

U.S. President Barack Obama (c) and Attorney General Eric Holder (l) meet with African American civil rights leaders at the White House., February 18, 2014. PHOTO/Pablo Martinez Monsivais/AP

U.S. President Barack Obama and U.S. Attorney General Eric Holder met Tuesday with a group of African American civil rights leaders, discussing income inequality and jobs, voter suppression and controversial state laws like Florida's Stand Your Ground.

Several African American leaders have been

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Zimbabwe Plans Shanghai and Dubai Sales for Marange Diamonds

Zimbabwe plans to sell diamonds from its eastern Marange fields in Dubai and Shanghai starting in March as it expands a marketing push for the stones following the removal of European Union sanctions. Mines Minister Walter Chidakwa advised, "The intention is not to sell only in Antwerp, the next sale will be in Dubai and we intend to go to Dubai in March." He also added, “Shanghai will be next.”

In October, EU lifted sanctions on gems from Zimbabwe’s Marange diamond fields. Many

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Kenya plans zones to draw textile firms away from Asia

Kenya is setting up three special economic zones that will offer tax breaks to lure global textile firms and help it seize a share of the West's textile market now dominated by Asian rivals, the industry minister said. The east African nation of 40 million people has a fairly diversified economy and is popular with tourists, but exports are dominated by farm commodities with volatile prices and low returns, leading to a gaping current account deficit.

If it succeeds in drawing textile

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Rwanda's politicians and business brains step up to the challenge

A new slate of leaders in the public and private sectors are seeking to prove their independence, improve credibility and attract investment. Rwanda's great and good are in a period of flux, with new faces and old hands in fresh roles.

As Ebenezer Asante (1) settles into office as the new chief executive of MTN Rwanda, he is faced with the task of ensuring the telco maintains its market share in the face of cut-throat competition. The first telecom company to launch mobile telephony

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Jamaica aiming to become global logistics port hub and transform economy

Old Harbor town on Jamaica's southern coast seems an unlikely contender in an emerging regional competition over the shipping routes that carry global trade.

But as Jamaica joins a rush to lure the bigger, deeper-drafting ships expected to cross an expanded Panama Canal by mid-2015, political leaders and civic boosters envision the Old Harbor area as a cornerstone of what they envision as a transformative, dream development for the Caribbean island-nation.

Jamaica aims to become a

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Saya - Ghana based mobile app making rapid gains outside Africa

Robert Lamptey, CEO and co-founder of Saya Mobile

Ghana-based chat application Saya has gained a huge following among mobile phone users across the globe. Founded in 2012, Saya is a replacement for text messaging much like WhatsApp, but built for feature phones.

Robert Lamptey built Saya to solve the problem of expensive SMS messaging which most feature phone users face.



The app has gained users in 35 countries across the globe and is actively used in developing countries

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Central Bank of Nigeria expands SWIFT as method for payment adoption

Nigeria has become the twentieth country in Africa to adopt SWIFT for its domestic payments as well as its international payments infrastructure, according to a press statement from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

SWIFT is a member-owned cooperative that provides technology to connect more than 10,000 financial institutions and corporations in 212 countries and territories. Globally, SWIFT is relied on by several clearing and settlement systems in

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U.S. Attorney General Eric Holder will not be stepping down this year - Report

Latest reports have suggested that the U.S. Attorney General Eric Holder (pictured), has no plans to resign this year.

In a lengthy interview he gave the New Yorker magazine last year, the magazine identified voting rights as the top priority of Holder's tenure and quoted him as saying he would remain in office "well into 2014." - This led some conservatives to intuit he would step down this year.

A Justice Department spokesman said Holder did not mean to imply that at all.

Holder

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Barbados struck by 6.5 magnitude earthquake

A magnitude 6.5 earthquake struck northeast of Barbados early Tuesday, jolting thousands from their sleep but causing no reported damage or casualties.

The earthquake was felt in the nearby French speaking Caribbean island of Martinique.

Barbados Police Constable Chris Greg told reporters by telephone that the earthquake was felt throughout the island-nation.

“It was strong,” he said.

The U.S. Geological Survey said the earthquake struck at a depth of 17 kilometers (10.5

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Monday, February 17, 2014

Black History Month Video: Economist Dambisa Moyo on China's Pursuit of Resources

Please enjoy this video which features a 2012 lecture by Dambisa Moyo on China's investment in Africa in its quest for resources. Although featured in 2012, it is still very relevant today because the race for Africa's resources is still going on and Africa's economy has been

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Black History Month Video: Economist Dambisa Moyo on China's Pursuit of Resources

Please enjoy this video which features a 2012 lecture by Dambisa Moyo on China's investment in Africa in its quest for resources. Although featured in 2012, it is still very relevant today because the race for Africa's resources is still going on and Africa's economy has been

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Stuart optimistic that his policies will reverse Barbados' economic troubles

Prime Minister Freundel Stuart insisted that he was “not for sale” and stated that his administration’s pledge to implement policies that would help Barbados overcome its present economic crisis. At an event for Democratic Labour Party supporters, he advised, “We are doing what we think we need to do to get Barbados back to where it should be.”

Prime Minister Stuart was critical of the opposition whom he said had been giving the impression to the outside world that his

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Me-tooism approaches payback time - Hannibal

If your neighbors get a cheap loan to build their new railway, you are going to want one too. But Hannibal cannot help worrying about the flush of 'me-tooism' behind the flurry of African countries heading to the international sovereign debt markets.

They might be wiser to first peer over the fence at how quickly the train tracks are being laid and how their neighbrs are planning to pay back their creditors. Those countries sitting ready with sovereign credit ratings are keen to issue

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Liquid Telecom to launch African VSAT service

Pan African broadband provider Liquid Telecom plans to launch a satellite service targeting business owners across the continent. In a conversation with ITWeb Africa, Ben Roberts, the acting CEO and CTO at Liquid Telecom, said that the company’s very small aperture terminal (VSAT) offering is a slight tweak on a previous service. He also added, “It’s a cost effective dish that you will have on your home or business.”

He went on to say that the company is set to cover southern and

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Poor marketing strategies hinder African start-ups

At the recently concluded Mobile East Africa 2014 event, experts stated that poor marketing strategies are holding back African start-ups from experiencing further growth. With over 50 countries on the continent, 30 million square kilometers of land and a population of over 1 billion people, marketing experts asked why African start-ups have a problem making their voices heard.

“We have so many brilliant innovations by innovators in Africa. However, most these solutions remain

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Sunday, February 16, 2014

Serena Williams to play in Dubai Open

Serena Williams celebrates her win over Li Na 2-6, 6-3, 6-0, to win the WTA Championships title, October 27, 2013. PHOTO/Bulent Kilic/AFP

Serena Williams' bid to extend her phenomenal career into her 33rd year will take a tentative but crucial step forward when she unexpectedly lines up at the head of the field for the Dubai Open which starts on Monday.

Tennis' iconic female had planned to give the popular and lucrative tournament a miss until a back injury at last month's Australian

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31 cases of chikungunya confirmed in Dominica

Health officials in Dominica have confirmed 31 cases of chikungunya.

Chikungunya, which is an infection, causes an illness with a similar mode of transmission as dengue fever. Chikungunya is a viral disease, carried mainly by the Aedes aegypti mosquito and causes a dengue-like sickness. Symptoms of the disease includes a sudden high fever, severe pain in the wrists, ankles or knuckles, muscle pain, headache, nausea, and rash. Joint pain and stiffness are more common symptoms associated

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Rescue workers working to free trapped miners in Benoni, South Africa. PHOTO/Mike Hutchings/Reuters

Rescue workers working to free trapped miners in Benoni, South Africa. PHOTO/Mike Hutchings/Reuters

Rescue workers in South Africa have cleared the shaft entrance of an abandoned mine and have lifted at least 11 of the estimated 200 illegal miners who had been trapped by debris in an abandoned gold shaft near Johannesburg.

Some of the victims appeared to be reluctant to emerge because of fears they would be arrested.

Some of those who came out were dehydrated but in good spirits.

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Saturday, February 15, 2014

Genzebe Dibaba shatters indoor 2 mile record at Birmingham Grand Prix

Genzebe Dibaba of Ethiopia after winning the women's indoor 2-mile race. PHOTO/Getty Images

(Reuters) - Ethiopia's Genzebe Dibaba ran the fastest indoor 2-mile ever as the world indoor champion continued her whirlwind season at the British Grand Prix in Birmingham on Saturday.

Dibaba, who broke world records at 1,500 meters and 3,000 meters earlier this year, clocked 9 minutes, 00.48 seconds to smash compatriot Meseret Defar's mark of 9:06.26 set in 2009.

"I am very delighted

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Moody’s downgrades Suriname economic outlook

The US-based international credit rating agency, Moody’s Investors Service, has changed the outlook on Suriname's Ba3 government bond rating from positive to stable. The Wall Street-based agency attributed the change to deterioration in the government's fiscal performance and rising debt levels, despite rapid economic growth”.

Moody’s also said the change resulted from the “impact of lower anticipated reference level prices for key commodities on Suriname's fiscal performance”

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Grenada to host OAS corruption commission

[caption id="attachment_410601" align="alignnone" width="504" caption="Organization of American States Flag"][/caption]

A commission from the Organization of American States (OAS) is to visit Grenada in April as part of the follow up process of the Inter American Convention against Corruption.

The Commission from the OAS Mechanism for Follow-Up on the Implementation of the Inter-American Convention against Corruption (MESICIC) says it will conduct an on-site visit to the Caribbean island

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Friday, February 14, 2014

Black History Month Video: Slavery in Brazil

Although the slavery of black people is primarily associated with the US. It is very interesting to note that slavery was very prevalent throughout the entire Americas, especially in South America. Brazil was most notable for slavery especially since it was right across from Angola, another Portuguese colony. Please enjoy this informative

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Rwanda's Central Bank Governor Says its Economy has Reached a Turning Point

Loans to the private sector have picked up as Rwanda emerges from the effects of delayed aid disbursement, but the country is still too dependent on imports. Entering 2014, Rwanda's Central Bank Governor, John Rwangombwa, is focused on encouraging banks to extend credit to the private sector, expanding financial inclusion and stabilising the economy after donors cut off aid to the government in 2012.

The International Monetary Fund predicts that the economy will grow by 7.5% in 2014 but

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Angola's financial institutions experience growth while profits feel the pinch

New oil legislation will give Angola's currency and banks a boost, but for some, non-performing loans are spreading at an alarming rate. Banks in Angola are growing and diversifying fast, pulled in the slipstream behind the oil and gas economy, although their profits have been hit by lower interest rates and higher levels of bad debt.

In 1999, Angola had just six banks; now London-listed Standard Chartered hopes to become the 24th bank with a full operating licence. Standard Chartered

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Jamaica has reached its targets according to the IMF

According to the IMF, Jamaica has met all its quantitative targets paving the way for a draw down of US$71 million.

The announcement was made on Thursday at the conclusion of an IMF mission to conduct discussions on the third review of Jamaica’s IMF-supported program under the Extended Fund Facility (EFF).

According to Jan Kees Martijn, the Fund’s mission chief for Jamaica, "the Fund mission reached preliminary understandings with the authorities on a set of economic policies

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Jamaica Bobsled team: - We are not jokers

Two-man Jamaican bobsled team. PHOTO/Peter Andrews/Reuters

(Bloomberg) - Jamaica’s Olympic bobsled team have said that they are as serious as their Swiss, German and Canadian competitors as they prepare for the heats at the weekend.

“We are not a bunch of jokers,” driver Winston Watts told reporters in Sochi today. “Competing in bobsled means the world to me. The fact that we are here means a lot to Jamaica, even if in my country we have ice only in refrigerators.”

Heats

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Nigeria: Senate orders audit to track down oil revenue

Nigeria's Senate is ordering a forensic audit to track down billions of missing petrodollars.

The Central Bank of Nigeria last year reported nearly US$50 billion worth of oil sold by the state oil corporation had not been paid to the government. In December the Finance Ministry reported it had accounted for all but US$10.8 billion.

The Senate Committee on Finance heard Thursday that the unaccounted amount has grown to US$20 billion. Finance Minister Ngozi Okonjo-Iweala told senators

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Thursday, February 13, 2014

Myrlie Evers-Williams stepping down from NAACP board

Myrlie Evers-Williams. PHOTO/Tyler Cleveland

Civil rights leader Myrlie Evers-Williams is stepping down from the board of the National Association for the Advancement of Colored People (NAACP), marking an end to her 30 years as an official of the civil rights organization.

Evers-Williams, will retain have the honorary title as chair emeritus of the NAACP. She has been deeply involved in the organization and in civil rights issues over the course of the last 50 years.

“I was

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Black History Month Video: Berber Kingdom of Morocco

Although people see Morocco as a predominantly Arab country in Africa, it is quite the opposite. The Berbers were African and they had an empire that reached as far as Southern Spain. In fact, the Moors that were in Spain were Berbers and distinctly black.

Please enjoy this documentary on the Berber Kingdom of

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Kenyan Police Break Up Protest & Accuses US of Funding Activists

[caption id="attachment_410301" align="alignnone" width="466" caption="Courtesy of Associated Press"][/caption]

Kenya police cracked down on an anti-corruption protest in the streets of Nairobi Thursday after accusing the U.S. government of funding political activists. Many of the activists were seen hoisting giant foam babies and accused leaders of behaving like children and seemed to have a “diaper mentality.”

Earlier on, Kenyan authorities had banned the protest citing security

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Angola-Brazilian connection could mean higher production

The implications of the shared geological history between Angola – currently producing 1.8 million barrels per day (bpd) – and Brazil – 2.1 million bpd – is exciting petroleum geologists and oil companies. During the Lower Cretaceous period, some 125 million years ago, Angola and Brazil were part of the super continent of Pangaea.

When continental drift started and Africa and South America began to separate from each other, extensive rift valleys formed similar to the East

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CAR vows to turn the heat on Christian militants

Central African Republic (CAR) has declared war on anti-balaka, the rogue Christian militia bent on killing Muslims. This declaration comes after United Nations peacekeepers uncovered a mass grave at a military camp in the capital city of Bangui. Anti-balaka militias were formed to defend Christians from attacks by Muslim Seleka rebels following the ouster of former president Francois Bozize last year.

Despite the retreat and surrender of the Muslim Seleka group, the anti-balaka have

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Debate Emerging among East Africa Telecoms Regarding Infrastructure Sharing

Telecom operators should share infrastructure to speed up development of the industry and suppress the cost of data according Dr. Bitange Ndemo, the honorary chairperson for the Alliance for Affordable Internet. This statement was made while he was speaking at Mobile East Africa 2014 event in Nairobi on Wednesday.

Ndemo also said that telecoms should come together and share infrastructure for the sake of the industry. He added, “Companies should share infrastructure to bring down the

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Experts Claim that Skill Shortages Hamper African Technology Developers

Skills shortages are holding back more Africans from building technology companies, many experts claim at the Mobile East Africa conference in Nairobi. In a panel discussion, Sarah Mudukuti, a telecommunications consultant, said she thinks that Africa has talent, but that other areas need development.

Mudukuti went on to say, "I think we still need to go back and review our curriculum, as most what is taught there does not reflect on the industry requirements.” Mudukuti, who is also

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45 students graduate from Jamaica's "Animate Jamaica" project

The World Bank says Jamaica is one step closer to positioning itself as a credible player in the global animation industry with the graduation of 45 newly minted animators under the “Animate Jamaica” project.

On Wednesday, the Washington-based financial institution said Jamaica’s Minister of Finance, Dr. Peter Phillips, was optimistic as he delivered the keynote address at the graduation ceremony for the first cohort in the certificate program at the University of the West Indies

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RLJ Credit Management, LLC announces final closing of RLJ Credit Opportunity Fund

Robert L. Johnson, Founder and Chairman of The RLJ Companies

(PRNewsire) - Bethesda, Maryland - RLJ Credit Management, LLC has today announced the closing of RLJ Credit Opportunity Fund I, LP ("RLJ Credit" or the "Fund"). With the closing of this Fund, RLJ Credit Management, LLC has approximately US$135 million in assets under management.

"RLJ Credit and its limited partners are pleased that, in cooperation with the SBA, we have created one of the largest minority-owned SBIC Funds.

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Somalia: Al-Shabaab claim responsibility in car bomb blast

A car bomb has exploded close to a convoy of United Nations vehicles near Mogadishu's international airport on Thursday, killing 6 Somalis on the street, officials said. Al-Qaeda-linked militants have claimed responsibility.

A U.N. vehicle was damaged but said no U.N. staff were injured, said Nicholas Kay, U.N. representative to Somalia. He said 4 security escorts were lightly wounded.

Al-Qaeda affiliated Al-Shabaab, Somalia's most lethal militant group in claiming responsibility,

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Wednesday, February 12, 2014

Black History Month Video: Kingdom of the Zulus

The Zulus were a militaristic warrior kingdom that united all the neighboring villages under one banner in South Africa. Led by the great leader, Shaka Zulu, this kingdom became powerful and prosperous with access to lucrative trade routes. They also would become a force to reckon with in battle. In fact, their independence and fierce bravery made the British cower in fear when they first encountered these warriors.

Please enjoy this wonderful video about the Zulu

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MTN partners with Ghana Multimedia Incubator Center

MTN Ghana Foundation has signed a partnership agreement with Ghana Multimedia Incubation Center (GMIC) to sponsor a business incubation project targeted at final year tertiary students.

The Foundation has partnered GMIC for a special ICT Business Incubation and Entrepreneurship project with an amount of GH₵308, 000 for two years. The project will entail the organization of an innovations competition to select 10 start-ups into a Business Incubator Program. The innovations competition

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Mobile Data, Like Oil and Gold, is the New Precious Commodity

Digital trends specialist, Tomi Ahonen, believes mobile data will be the black gold of 21st century, and it remains the next sure frontier for companies. Speaking on Wednesday at the ongoing Mobile East Africa 2014 conference in Nairobi, Ahonen, who is an author and mobile and digital trends specialist and consultant, called on app developers to leverage on mobile platforms to offer solutions.

Ahonen also advised that the mobile industry will be worth 6 trillion dollars this year.

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New hotels and infrastructure raise Kigali's game in Rwanda

[caption id="attachment_410119" align="alignnone" width="500" caption="Marriott under construction in Kigali, Rwanda"][/caption]

Global chains, direct flights and a state-of-the-art conference centre will bring yet more visitors to a capital in demand. Rwanda's drive to become one of East Africa's conference hub is gaining speed with the anticipated entry of two global hotel brands in 2014.

Rezidor, owners of the Radisson brand, and Marriott are expected to open hotels by the end of this

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All aboard the Luanda express

Leaders never miss an opportunity to remind us of the positive changes since the end of the civil war in 2002. Take a ride on the train to hear Angolans' differing views. For a country that has been wracked by war for more than four decades, first the nationalist campaign against the colonial rulers and then a civil war fueled by the geopolitics of the Cold War, the coming of peace has indeed changed our reality.

Our people travel around the country without difficulty. And to help them,

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Ghana Government curbing enthusiasm for the dollar amid black market boom fears

President John Dramani Mahama on Tuesday reiterated government's plan to rescue the depreciating cedi and add value to the country's commodities that are currently exported in their raw form. Mahama pointed to the global effects of the American Federal Reserve's recovery on tapering that has led to currency reactions in emerging markets.

He stated that this economic situation, coupled with the demand for dollars in Ghana's import-dependent economy, are reasons why the local currency has

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Rwanda says it may miss target of 6.6 percent growth rate for 2013

Rwanda says it is likely to miss its 2013 economic growth forecast of 6.6 percent after the performance of the service sector fell short of expectations due to the effects of aid cuts from the prior year. The country's finance ministry released a document on Wednesday indicating that growth, for the year, was likely to fall below 6 percent.

The landlocked east African nation of about 10 million people suffered from a decrease in budgetary support by donors in 2012 after receiving

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Caribbean Development Bank states that Caribbean recorded modest economic growth in 2013

The Caribbean Development Bank (CDB) Tuesday said that regional countries experienced average economic growth of 1.5 per cent last year as compared with 1.2 per cent in 2012. But the CDB said the region is likely to record average economic growth of 2.3 per cent in 2014. “Led by Guyana, Haiti and Suriname, growth is expected for all 19 BMCs (Borrow Member Countries), with most again set to grow by one to three per cent.

“The recovery in regional tourism is expected to strengthen with

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Barbados to receive up to $100 million in EU grant funding

[caption id="attachment_410092" align="alignnone" width="506" caption="Barbados National Bank"][/caption]

The European Union advised that it is willing to provide BDS$100 million (One BDS dollar = US$0.50 cents) to Barbados in grant funding. In a statement issued following talks between Barbados and EU delegations, it was noted that the funds would become available once certain macro-economic and public finance criteria were fully met. The statement also said that BDS$65 million could

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Grenada to sign letter of intent with IMF by the end of the month

[caption id="attachment_410090" align="alignnone" width="448" caption="St. Georges - Capital of Grenada"][/caption]

Grenada's Economic Affairs Minister, Oliver Joseph, advised that the Grenada government will sign the Letter of Intent to implement the International Monetary Fund (IMF) backed home grown structural adjustment program by the end of February even if trade unions fail to reach an agreement with regards to a three year wage freeze. He went on to say, "We are still trying to get

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Algeria: Plane crash claims 77, 1 survives

An Algerian military transport plane slammed into a mountain Tuesday in the country's rugged eastern region, killing 77 people and leaving just 1 survivor, the defense ministry said.

Air traffic controllers lost radio and radar contact with the U.S.-built C-130 Hercules turboprop just before noon and dispatched helicopters to try to find it. The plane was discovered in pieces on Mount Fortas near the town of Ain Kercha, 50 kilometers (30 miles) southeast of Constantine, the main city in

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Tuesday, February 11, 2014

Black History Month Video: Kingdom of Ethiopia

Ethiopia is usually associated with poverty and starvation. However, this is not the case. Ethiopia has been known to have one of the oldest kingdoms in the world. In fact, Ethiopia is also considered to be one of the key origins of human civilization. Please enjoy this video and learn about the great Kingdom of

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The Africa Report Special Feature: iPads versus locally made tablets

[caption id="attachment_409939" align="alignnone" width="480" caption="Inye Tablet made by African company Encipher"][/caption]

Tablets, which are light mobile computers, are in vogue. Because they are handy and easy to use, tablets are especially popular with students, businesspeople and professionals. Tech industry analysts say that most Africans cannot afford the up to $700 price tag for an iPad in African capitals although a growing number of those in the middle-class desire

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Obama to sign minimum wage order Wednesday

U.S. President Barack Obama. PHOTO/File

The White House says President Barack Obama will sign an executive order Wednesday increasing the minimum wage for federal contractors.

Obama first announced the measure during his State of the Union address. He has cast the move as a way to spur Congress to increase the hourly minimum wage for all workers from US$7.25 to US$10.10.

The president will sign the order at a White House event. Officials have said the measure will raise wages for a

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Oil: Potential hope for Liberia's development

While oil could potentially accelerate the country's development, Liberians also remember that mismanagement of its forestry, gold and diamonds resources was a factor that led to the last war. When Liberia's 14-year civil war was ending 10 years ago, citizens desperately wanted to live in a country where children could go to school safely, women are not molested and traders travel between cities.

Today, with those goals mostly met, the country faces another challenge: how to manage its

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South Africa to use Technology to Improve Election Credibility

[caption id="attachment_409925" align="alignnone" width="452" caption="African National Congress president Jacob Zuma, dances at an election rally in Ngwelezane township- Associate Press"][/caption]

The spokesperson of South Africa’s Independent Electoral Commission (IEC) stated that the electoral body will deploy new technologies as part of its preparations to administer a credible election scheduled for May 7. Last week, South Africa President Jacob Zuma announced the country will hold

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MPs in Kenya to be fingerprinted to prove parliamentary attendance

Kenya's parliament has launched a biometric fingerprint system to register MPs' attendance. Parliamentary speaker Justin Muturi denied that it was introduced to "curb fraud" and speed up registration and for security. Currently, there have been allegations that MPs have been using an official to sign in on their behalf in order to get a $58 (£35) attendance fee.

Kenyan MPs are among the highest paid in the world. The BBC's Odeo Sirari in the capital, Nairobi, says MPs spent the

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Detroit Lions Hires Team's First Black Head Coach: Jim Caldwell

After reportedly interviewing four candidates over the course of two weeks, the Lions have selected Jim Caldwell, known as a respected quarterbacks guru who this year served as offensive coordinator of the Baltimore Ravens. Prior to his stint at Baltimore, Mr. Caldwell served as head coach of the Indianapolis Colts from 2009 to 2011, and is a former head coach at Wake Forest.

An NFL.com report indicated that Ken Whisenhunt was the Lions' first choice. It appeared so certain, that a

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Barbados slated to host inaugural Caribbean Economic Forum

Barbados is slated to host the inaugural Caribbean Economic Forum on February 19.

This discussion forum, the first of its kind in the region, will examine the economic prowess of emerging markets, reforming the international monetary system, a strategy for the world economy in the 21st century and reform of the International Monetary Fund (IMF).

According to a statement from the Central Bank of Barbados, the institution is "deeply honored" to provide the opportunity for Barbadians and

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U.S. Attorney General Eric Holder stepping down later this year

U.S. Attorney General Eric Holder (pictured), will step down this year, he said in an interview with the New Yorker’s Jeffrey Toobin in the magazine’s February 17 edition.

In a feature article, Holder said he plans on staying in his position“well into” the year.

Last November, Holder, the first African American Attorney General of the United States, told CBS News he didn’t have “any plans” to step down.

Holder has made voting rights the test case of his tenure. He has

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Monday, February 10, 2014

Black History Month Video: Kingdoms of Bunyoro and Buganda

The Kingdoms of Bunyoro and Buganda were the most powerful kingdoms in East Africa that shared a rivalry similar to that of Egypt and Nubia. A highly developed culture, these sophisticated kingdoms specialized in many things including metallurgy. Please enjoy this video about two rival kingdoms that were so powerful in East

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Angola's lessons from Brazil

The old colonial capital of Luanda is being reborn. Work is well advanced on the new multibillion-dollar international airport.



Rows of luxury skyscrapers are under construction: for private apartments with astronomic rents to vie with Tokyo's as the world's highest, or for air-conditioned offices housing the latest multinational corporation taking its chance in one of Africa's fastest-rising economies. Scores of multi-starred hotels have opened.

Yet many Angolans are asking how

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Africa – The Confident Continent

The pace of development in today’s Africa is like a steam train whose cadence is – much to everyone’s surprise - getting into bullet train territory.

While we must juxtapose the Economist’s May 2000 headline The Hopeless Continent to their December 2011 one - Africa’s hopeful economies: The Sun shines bright, we are much better asking why the newspaper to be reckoned with changed its spots in an 11-year period. Interestingly, the Economist completed its evolution two years

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President Museveni endorsed for next elections in Uganda

Uganda's ruling NRM has nominated President Yoweri Museveni to stand for re-election in two years-time. Museveni has been in power since 1986 and if he wins the next election and serves his full term, he would have served 35 years easily becoming one of Africa's longest serving presidents.

"The NRM parliamentary caucus has proposed that President Museveni, who is also the NRM party chairman, stands unopposed for the party presidency in 2016," youth legislator, Evelyn Anite said and was

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Egypt unveils $4.9 billion stimulus package to aid struggling economy

Egypt's interim government unveiled its second stimulus package on Monday, which will inject 33.9 billion Egyptian pounds into the economy, with most of that money coming from aid pledged by the United Arab Emirates. Initially, the finance ministry said Egypt planned to spend around 30 billion Egyptian pounds and launched the first stimulus package in August.

Ahmed Galal, the finance minister, said in a statement on Monday that the new spending would be financed mostly by the United Arab

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Stuart defends economic policy to revive struggling Barbados economy

Prime Minister Freundel Stuart has defended the economic policies of his administration saying that he was certain that the current policies being pursued today, would yield the success for the future in the future. The government has begun laying off employees as part of a program to revive the ailing economy and has also indicated that it would not be rushing to fill vacancies within the public service.

The government’s policy has come under fire from the trade unions and even Dr.

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Rebels threaten to stall peace talks in South Sudan

Peace talks, aimed at ending nearly two months of fighting in South Sudan, are under threat after rebels refused to take part in the next round of negotiations aimed at ending months of conflict.

An opposition delegation spokesman, Taban Deng, indicate that rebels would not take part in Tuesday's talks until prisoners had been released and foreign forces had withdrawn from the country.

He also called for the immediate withdrawal of Ugandan troops, which have been in the country at

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John Thompson becomes Microsoft's Black Chairman Of Board

[caption id="attachment_409743" align="alignnone" width="400" caption="John Thompson named Microsoft Chairman of the Board- Business Insider"][/caption]

BET reports that Microsoft recently named a new CEO, Satya Nadella, and now comes word they have just named their first African-American chairman of the board. The seasoned Silicon Valley executive, John Thompson, will succeed Bill Gates as the new chairman of the board of Microsoft.

Thompson will be the second chairman in the

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Kenya Mobile money transactions top $22 billion in 2013

Kenya's Central Bank has revealed in a report that a total of KSh1.9 trillion (US$22 billion) was transferred in mobile transactions in the country last year.

According to the report, mobile money subscribers rose to 25.1 million in September with 732 million mobile transactions recorded in the year.

Mobile money has continued to witness steady rise in Kenya and the east African region and gained widespread adaption as the region's primary system of financial transaction.

According

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Essence Magazine to honor African American men in cinema

Essence Magazine is known for honoring black women, but during Oscar week, it will also be lauding the accomplishments of African American men in film.

The magazine is launching its first "Black Men in Hollywood" dinner, an intimate affair that will salute the work of Spike Lee, Lee Daniels, Malcolm Lee, and filmmaker Tyler Perry, who will host the event.

The California Endowment's "Sons and Brothers" campaign, which acknowledges role models for young men of color, will also be

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Trinidad & Tobago: PETROTRIN dismisses 6 in connection to recent oil spills

Cleaning crews working to clear up pollution resulting from oil spill, Dec. 23, 2013. PHOTO/Trinidad Express

Six senior employees of the Trinidad & Tobago state owned company PETROTRIN have been dismissed in the aftermath of oil spills that led to the loss of more than 7,000 barrels of oil late last year.

This was disclosed by PETROTRIN CEO Khalid Hassanali at a press conference held on Friday to disclose the findings of the investigation into the oil spills that affected hundreds

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South Africa: Platinum pay-strike talks set to resume Tuesday

Talks to end a strike over pay that has crippled production at the world’s largest platinum mines will resume in South Africa tomorrow.

The Commission for Conciliation, Mediation and Arbitration (CCMA) will meet negotiators for Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. (IMP) and Lonmin Plc (LMI), Nerine Kahn, a director at the mediator, said by phone today. Talks between the 3 companies and the Association of Mineworkers and Construction Union (AMCU) were suspended on

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Sunday, February 9, 2014

Black History Month Video: Kingdom of Benin in West Africa

Benin once had a powerful empire within West Africa. Like the Asante people, this was a militaristic empire that was highly disciplined and formed a mighty cities that flourished in learning as well as building and art. This video focuses on the mighty West African Kingdom that was Benin.

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Ivory Coast Reopens for Business Despite Being Scarred by War

Ivory Coast is re-emerging as the prime investment destination in French-speaking West Africa after a decade of political turmoil but President Alassane Ouattara must weed out corruption and promote reconciliation to keep cash flowing in.

Long considered the jewel in the crown of France's former West African territories, a 1999 coup destroyed the reputation of Ivory Coast - the world's largest cocoa producer - as an island of stability in a troubled region.

A bloody presidential

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South Sudan to Resume Peace Talks on Monday

On Monday, peace negotiations between South Sudan’s warring factions will begin in Addis Ababa, Ethiopia, according to Ethiopia’s Foreign Ministry Spokesman Dina Mufti.

Officials indicate that after Monday’s opening ceremony of the resumption of the peace talks, the negotiations will be moved to Debre Zeit, a town 45 kilometers south of Addis Ababa.

Mufti says both factions have claimed to abide by the cessation of hostilities agreement despite reports of conflict between the

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Saturday, February 8, 2014

Black History Month Video: Kingdom of Nubia

Nubia, a kingdom that rivaled Egypt in greatness similar to how Carthage rivaled Rome. However, Nubia and Egypt would battle one another for control of the Nile and both empires would be interchangeable in their rule of the Nile region. Enjoy this video about a powerful kingdom that influenced Egypt and by-in-large, the rest of the

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Women are Gaining Power in African Politics

Africa now has three female heads of state, after Catherine Samba-Panza of the Central African Republic took office in January.

Though women leaders are still a rarity in African politics, activists say things are improving as women break into the "boys club" of the African presidency.

Liberian President Ellen Johnson Sirleaf, or "Ma Ellen," was the first woman to be elected president, in 2005, as the country emerged from 13 years of brutal civil war.

Joyce Banda became president

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Black History Month:Kingdom Of Asante

[caption id="attachment_409598" align="alignnone" width="505" caption="Picture of the stool. A sacred symbol for the Kingdom of Asante"][/caption]

The Asante Kingdom was one of the most powerful kingdoms in West Africa. A disciplined and militaristic people, the Asante people were able to unite the Akan people under one banner and forge one of the richest and most powerful empires in African history. This video sheds light on the culture and the history of the people and hopefully it

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Friday, February 7, 2014

Africa's richest man, Aliko Dangote, pays Liberian President a visit to discuss Cement and Coal Burning Plants

Africa’s richest man, billionaire Alhaji Aliko Dangote paid a courtesy call, on Thursday, to President Ellen Johnson Sirleaf at her Foreign Ministry Office and briefed her on the progress of his investment in Liberia. According to an Executive Mansion release, the two discussed ongoing arrangements for a cement plant which Dangote's company, Dangote Cement Liberia Ltd., intends to build in Liberia short along with plans for a coal-based power plant increasing access to electricity to the

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We have got the African continent talking says African Union chief

A special interview by The Africa Report:

Sixteen months into her mandate, Dlamini-Zuma, Head of the African Union, is encouraged by consultations on the future and the reform of the commission.

The Africa Report: What do you feel has been you biggest achievement so far?

Nkosazana Dlamini-Zuma: To have the continent talking. Together with the Economic Commission for Africa and the African Development Bank (AfDB), we have been looking at Agenda 2063 [the African Union's strategy and

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Central Bank of Nigeria tightens rules to support naira

Nigeria's central bank announced new rules on Friday requiring currency dealers to put naira in their accounts at the bank two days before bidding in its forex auctions. Such a move, dealers say, was unlikely to stop the local currency from weakening.

Nigeria has been selling dollars directly to lenders to prop up the naira, which has lost 2.9 percent this year as the US Federal Reserve begins reducing its stimulus, which has led offshore investors pulling money out of local bonds. The

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Ethiopian Airlines CEO says company is interested in purchasing 10 Boeing 777X

Ethiopian Airlines is in preliminary talks with Boeing that could lead to an order for 10 of the U.S. plane manufacturer's latest model, the 777X, the airline's chief executive said. Tewolde Gebremariam told Reuters, in a telephone interview, "When the 777X comes, as soon as we can get the (production) slots we will be there."

With the deal worth a potential $3.8 billion, at list prices, he also added, "We are discussing with Boeing for about 10 777X."
The comments also represents a

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South Africa elections slated for May 7. Reduced majority expected for ANC

Incumbent South African President Jacob Zuma (l) and leader of opposition Democratic Alliance Party Helen Zille (r). PHOTO/Daily Maverick

South Africa will hold general elections on May 7, President Jacob Zuma announced on Friday, with his African National Congress (ANC) likely to easily extend its two-decade rule, despite rising discontent among its poverty-stricken grassroots supporters.

Zuma himself has lost popularity amid allegations of using public funds for private purposes,

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Sochi Winter Olympics 2014: Shani Davis on verge of making history

U.S. speed skater Shani Davis. PHOTO/Alexei Filippov/AP

Shani Davis is in the final preparations for a run at Olympic history.

At age 31, he'll be competing in his third Winter Games at this resort city of Sochi along the Black Sea. Already a 2-time champion in the 1,000 meters, Davis can become the first male speedskater to pull off a three-peat in the same event.

He wants the gold. Badly.

Yet it won't ruin his life if he doesn't get it.

"It still really hasn't hit me that

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Caribbean Community working to explore alternative forms of renewable energy

Wigton wind farm in Manchester, Jamaica. PHOTO/Jamaica Gleaner

At least 3 Caribbean countries have committed themselves to using renewable sources of energy like wind, solar and the earth’s heat to generate electricity.

St. Lucia, St. Kitts & Nevis, the Turks & Caicos Islands and the British Virgin islands (BVI), Thursday signed a pact that help island-nations implement near-term, demonstrative renewable solutions in schools, hospitals, public transport, tourism and utility scale

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South Africa: Harmony Gold stops operations after mining accident deaths

(Reuters) - South Africa's Harmony Gold stopped all its operations for a 24-hour safety shift on Friday after at least 8 workers were killed in a rock-fall and fire, the worst accident in South Africa's mines in nearly 5 years.

In addition to the accident at its Doornkop mine near Johannesburg, South Africa's third-largest bullion producer said 2 other workers had died in separate incidents at different mines on Thursday.

Mining Minister Susan Shabangu said the incidents showed that

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Thursday, February 6, 2014

Black History Month Video: Lost Kingdom of Zimbabwe

[youtube]http://www.youtube.com/watch?v=AyKrTdv-t4E[/youtube]

Despite the portrayals of blacks as uncivilized savages, our achievements never cease to amaze. Enjoy this video about the Lost Kingdom of Zimbabwe and see the true genius of our people. Despite what people tell us about who we are, we have to know the truth about WHO we are and where we came from. Please enjoy this powerful video and there will be definitely more to

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Ethiopian Air Selects Congo as theFourth Hub to Tap into China Demand

Ethiopian Airlines Enterprise said it will place its fourth hub in the Democratic Republic of Congo as Africa’s No. 2 carrier seeks to tap into the Chinese economic links and fill long-haul flights to destinations such as Brazil. Currently, Ethiopian Airlines is negotiating with the Congolese government and could reach an agreement for start-up carrier based in Kinshasa later this year; Tewolde GebreMariam, CEO, said today in an interview in London.

The DRC’s population of more

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Uganda government signs agreements with several oil companies

Uganda on Wednesday signed a Memorandum of Understanding (MoU) on the sustainable development of petroleum resources discovered in the country with licensed oil companies. The signing is seen as the first step in speeding up efforts to start oil production, while offering a road map for the commercialization of petroleum resources.

Irene Muloni, Energy and Oil Development Minister, read in a statement, "The purpose of the MoU is to provide a framework for achieving a harmonized

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Roslyn Clark Artis confirmed as 135th President of Florida Memorial University

(Black PR Wire) – Miami Gardens, Florida - The Board of Trustees of Florida Memorial University (FMU) earlier this week announced the appointment of Dr. Roslyn Clark Artis as the University’s 13th President. This historic appointment is unprecedented and Artis has made history by becoming the first woman President of the 135-year-old higher education institution.

After serving as Interim President since July 15, 2013, Artis has performed admirably during her 6 months in the position

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Ghana moves to bolster currency - adds 2 percentage points to interest rate

(Reuters) - Ghana's central bank - The Bank of Ghana, raised its main policy rate by 200 basis points 18 percent on Thursday in a drive to curb a fall in the cedi currency and combat external pressures, Governor Henry Kofi Wampah told a news conference.

It was the first shift in the rate since May. A move had been expected, although most analysts forecast a 100 basis point rise. Analysts said they welcomed the decision.

Ghana follows emerging markets such as India, Turkey and South

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Trinidad & Tobago working to implement new natural gas master plan

Trinidad & Tobago’s Point Fortin LNG terminal. PHOTO/File

The Trinidad & Tobago Energy conference launched in the twin-sland nation's capital (Port of Spain) on Monday with the Persaud-Bissessar administration indicating that it would roll out a new master plan for the natural gas sector by 2015.

According to Energy Minister Kevin Ramnarine, the administration had already received “expressions of interest” from companies for the new natural gas master plan for the period

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Magic Johnson leads group that buys WNBA franchise - The Los Angeles Sparks

Earvin ‘Magic’ Johnson

An investment group led by Magic Johnson and co-owner of the Los Angeles Dodgers, Mark Walter has bought the WNBA franchise Los Angeles Sparks. The WNBA and NBA Board of Governors have unanimously approved the sale.

''We are totally thrilled,'' WNBA President Laurel Richie told reporters. ''When Magic chooses to enter into a partnership with a WNBA team, that's a great thing. He is a legend within basketball. He is very knowledgeable about the game. He is a

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Jamaican bobsled team ready for Sochi Olympics - dream of having Usain Bolt on board

Two-man Jamaican bobsled team. PHOTO/Peter Andrews/Reuters

Jamaica's Olympic bobsled team on Thursday pleaded with their adoring fans to stop sending money to fund their Sochi Olympic bid while also dreaming of converting Usain Bolt from sprint to snow.

Pilot Winston Watts admitted that the Internet campaign to fund their trip had been such a success that he and brakeman Marvin Dixon feared they would be damned as greedy opportunists if they didn't call a halt.

"The donations were

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South Africa: At least 8 dead in gold mine accident

Rescuers recovered 8 bodies and continued to search for another missing worker on Thursday after a fire and rock-fall at a Harmony Gold mine near Johannesburg, the worst accident in South Africa's mines in nearly 5 years.

Mineral Resources Minister Susan Shabangu ordered an investigation into the incident at the Doornkop mine, 30 km west (20 miles) of the city, after initial reports that the fire was triggered by a small earthquake on Tuesday evening.

"The situation is deeply

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Wednesday, February 5, 2014

Black History Video: A Discussion about CARICOM and its development

[youtube]http://www.youtube.com/watch?v=NSnkwF9lNM0[/youtube]

An interesting discussion about CARICOM and its importance to the development of regional integration within the Caribbean. Although it was recorded on April 2013, it provides insight into how the Caribbean is trying to work together to compete on the global stage, as one collective group. Please

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South Africa Police get Ready for Track Star Oscar Pistorius' Trial

South African police are ready to present their case when Olympic and Paralympic track star Oscar Pistorius goes on trial on March 3 for the murder of his girlfriend, domestic news agency SAPA reported on Wednesday. Pistorius claimed that he shot his girlfriend, Reeva Steenkamp, in the head, arm and hip in the mistaken belief that she was an intruder at his upscale home on Valentine's Day last year.

Pistorius, who is out on bail, could face life in prison if convicted in a case which

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Zimbabwe's ruling party rejects economic dialogue with MDC

Zimbabwe President Robert Mugabe's ruling party has rejected calls for dialogue by the main opposition to resolve the country's worsening economic problems saying its rivals were rejected by the electorate. Zanu PF won resoundingly in last year's elections to end a coalition government that had been formed in 2009. However, Mugabe's new government has failed to prevent an economic decline that began during the run-up to the controversial elections.

Former Finance minister, Tendai Biti

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Nigerian Muslims fear possibility of civil war

The ethnic and religious profiling of the Muslims community in Nigeria is similar to the tensions that precipitated the West African country's three year civil war in the 1960s, observers have warned.

As terror attacks by Islamist group Boko Haram have increased, what has resulted is the profiling of Muslims in Nigeria's southern states, leading analysts to say that the country has been divided along ethnic and and religious lines.

Earlier this year, in the southern Rivers State,

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Haiti and Dominican Republic report progress regarding talks on Haitian migrant issues

The Dominican Republic will present new legislation to Parliament on February 27 to address the Constitutional court ruling that denies citizenship to children of Haitian migrants in the Spanish-speaking country.

In a joint statement issued at the end of the latest round of talks Monday between Dominican Republic and Haitian, officials in the Dominican town of Jimani indicated that progress had been made on some of the contentious issues between the two countries.

"The Dominican

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