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Zambia’s Scott becomes Africa’s first white leader in 20 years

Zambia’s Vice President Guy Scott (L) listens as U.S. President Barack Obama (not pictured) speaks, at the first Leaders’ Session of the U.S.-Africa Leaders Summit, at the State Department in Washington, in this August 6, 2014 file picture.

 

CREDIT: REUTERS/LARRY DOWNING/FILES

(Reuters) – Zambia’s Guy Scott became Africa’s first white head of state in 20 years on Wednesday after the president, “King Cobra” Michael Sata, died in a London hospital aged 77.

Scott, a Cambridge-educated economist born in Zambia to Scottish parents, had been Sata’s vice president. He will be interim leader until an election in three ….. Continue Reading

The U.S.-Africa Leaders Summit: A Focus on Foreign Direct Investment

Editor’s Note: The U.S.-Africa Leaders Summit blog series is a collection of posts discussing efforts to strengthen ties between the United States and Africa ahead of the first continent-wide summit. On August 4, Brookings will host “The Game Has Changed: The New Landscape for Innovation and Business in Africa,” at which these themes and more will be explored by prominent experts. Details on how to register for the event will be available soon.

On the second day of President Obama’s three-day U.S.-Africa Leaders’ Summit, the U.S. Department of Commerce and Bloomberg Philanthropies will convene the inaugural ….. Continue Reading

Rockefeller And Tony Elumelu Foundation Launch African Impact Fund

The Rockefeller Foundation and the Tony Elumelu Foundation, founded by Nigerian philanthropist Tony Elumelu, have launched an impact investment fund for Africa.

The fund, called the Impact Economy Innovation Fund (IEIF) was officially launched on Fridayat an Impact Investment Forum in Cape Town, South Africa. The forum, which was attended by many leading African entrepreneurs, was jointly hosted by The Rockefeller Foundation, The Tony Elumelu Foundation and the Bertha Centre for Social Innovation & Entrepreneurship at the University of Cape Town (UCT) Graduate School of Business with the aim of introducing Africa’s business leaders to ….. Continue Reading

African National Congress Draws 62 Percent of the Vote in South Africa

JOHANNESBURG — As the final ballots of South Africa’s fifth post-apartheid election were tallied on Friday, the results handed the governing African National Congress a victory with 62 percent of the vote — nearly the same share it won in 1994, the year it assumed power under Nelson Mandela in the nation’s f irst truly democratic election.

But the nearly identical results mask glaring differences between the two periods, during which the party has been transformed from a liberation movement that inspired South Africans, as well as Africans on the rest of the continent, to a ….. Continue Reading

10 Memorable Quotes From The 2014 World Economic Forum On Africa

The 24th edition of the World Economic Forum on Africa is currently taking place in Abuja, Nigeria. The event, which has brought together close to 1,000 regional and global leaders, is centered on the theme of forging inclusive growth and creating jobs for Africa’s growing population. The began on Wednesday and is slated to close tomorrow. Here are some of the more memorable quotes from Thursday’s plenary and brainstorming sessions: Africa is an article of faith. I believe in this continent. – Sunil Bharti Mittal, Chairman, Bharti Airtel Nowhere in the world do you get the kind of returns ….. Continue Reading

One of the world’s largest gold mines opens in the DRC

Although it has been pouring gold since last September, The Democratic Republic of Congo’s Minister of Mines, Martin Kabwelulu, today officially opened the Kibali gold mine on behalf of the country’s president, Joseph Kabila Kabange, in a ceremony attended by Province Orientale governor Jean Bamanisa Saidi, DRC cabinet ministers, ambassadors of various countries and local dignitaries. Kibali will be, when it reaches full capacity, one of the world’s largest gold mines.

As 45% owner AngloGold Ashanti’s CEO, Srinavasan Venkatakrishnan (Venkat), says, though, to meet its full potential it was of the utmost importance that the DRC’s mining code remained supportive ….. Continue Reading

Address by His Excellency, President Goodluck Ebele Jonathan, GCFR

 

 

Address by His Excellency, President Goodluck Ebele Jonathan, GCFR on the

Occasion of the Centenary Conference on the Theme: “Human Security, Peace and Development: Agenda for the 21st Century”, Thursday, 27th February, 2014

PROTOCOLS

1. Today, as our Nation marks its first 100 years, we look back with gratitude to God and with pride in our citizens. We look forward also, to the future, with hope and confidence.

2. In this hall and beyond, I am delighted to welcome many of our past, ….. Continue Reading

Affleck urges US to invest in the DRC

WASHINGTON – Hollywood star Ben Affleck called on Wednesday for targeted investment in the private sector in eastern Democratic Republic of Congo, where he sees a window of opportunity to end a cycle of unrest.

The A-list actor and director, who has founded a non-profit group called the Eastern Congo Initiative and has made repeated trips to the region, advocated the United States shift its priorities in delivering aid, in a hearing at the Senate Foreign Relations Committee.

People would rather be invested in than accept aid, would rather have a job than ….. Continue Reading

Nelson Mandela death: World reaction

 

People around the world have been reacting to the news that South Africa’s first black president and anti-apartheid icon Nelson Mandela has died, aged 95.

World leaders…

South African President Jacob Zuma announced Nelson Mandela’s death, saying South Africa had lost “its greatest son” and calling on South Africans to conduct themselves with the “dignity and respect” that Mr Mandela personified.

 

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President Obama on Mandela: “He no longer belongs to us; he belongs to the ages”

“Although we ….. Continue Reading

Ivory Coast works towards Economic Facelift

Ivory Coast has seen dramatic growth and development since the country’s bitter civil war after its 2010 presidential elections.

Ivorian president Alassane Ouattara.

“The growth, by any metrics, has been remarkable. With Cote D’Ivoire, on the one hand, the economic and business environment has accelerated at a rapid pace. Growth is around nine per cent, inflation is lower, fiscal management has improved, foreign investment is flowing in,” Rand Merchant Bank country risk analyst Ronak Gopaldas told CNBC Africa.

“On the other side, on the political insecurity ….. Continue Reading

Remarks by His Excellency Mr Jacob Zuma, President of The Republic of South Africa, at the South Africa-DRC Business Forum, Kinshasa, DRC

29 Oct 2013

President Joseph Kabila Prime Minister Augustin Matata Ponyo Ministers present Captains of Industry Business delegates Program Director Distinguished guests Ladies and gentlemen.

It is a distinct pleasure for me to be addressing the South Africa-DRC Business Forum which marks the advancement of relations between South Africa and the DRC.

In this regard I wish to express my gratitude for the hospitality accorded to me and my delegation so far by His Excellency President Kabila and his Government. Although our countries’ paths to economic prosperity and political independence differ, we now share a common destiny ….. Continue Reading