Its entry into the continental finance system presents complex regulatory issues for authorities COMMENT | SIMON M. MUTUNGI | Social media titan Facebook is set to roll out its own cryptocurrency dubbed “GlobalCoin” in 2020 with trials starting later this year. This is global cryptocurrency aims to be used …
Read More »Sudan protesters, army rulers ink power sharing deal
Khartoum, Sudan | AFP | Sudan’s protesters and ruling generals Wednesday inked a deal that aims to install a civilian administration, a key demand of demonstrators since president Omar al-Bashir was deposed in a coup three months ago. The move loosens a deadlock that has gripped the country, following …
Read More »Industry and campaigners spar over S.Africa’s carbon tax
Johannesburg, South Africa | AFP | South Africa’s new carbon tax has provoked a storm of criticism from environmental campaigners who say it is too weak — and from industry that predicts it will cause mass job losses. The new tax, the first of its type in Africa, was cautiously …
Read More »Internet a distant dream for many in oil-rich E. Guinea
Malabo, Equatorial Guinea | AFP | Equatorial Guinea is awash in oil, although little of the wealth has trickled down to the poor. Yet one of the most glaring inequalities here is access to the internet. Other parts of the world are pushing ahead with plans for fast, free — …
Read More »Sudan protesters reject ‘absolute immunity’ for generals
Khartoum, Sudan | AFP | Sudan’s key protest group is opposed to giving the military “absolute immunity” against prosecution for violence against demonstrators, a spokesman said, as the two sides held talks on a power sharing deal. “We refuse absolute immunity that the military rulers have asked for,” Ismail al-Taj, …
Read More »S.Africa’s Zuma bats away graft inquiry questions
Johannesburg, South Africa | AFP | Former South African president Jacob Zuma on Tuesday rebuffed all accusations of wrongdoing on his second day of testimony at an inquiry into corruption under his rule. Zuma said he and his family had received death threats after his first day at the judicial inquiry being held in Johannesburg. …
Read More »Sudan paramilitaries ‘torture’ civilian to death: doctors
Khartoum, Sudan | AFP | Paramilitary men beat and tortured to death a civilian in Sudan’s war-torn Darfur region, a doctors committee linked to the country’s protest movement said Tuesday. The civilian died on Monday in El-Daen, in East Darfur state, after members of the Rapid Support Forces (RSF) clashed with …
Read More »Benin readies for return of treasures taken by France
Abomey-Calavi, Benin | AFP | The display cases at the royal palaces in Benin’s sleepy southern town of Abomey are coated in dust and the exhibition halls plunged in darkness. But local tourism chief Gabin Djimasse hopes all this will change with the return of 26 artefacts from former colonial master …
Read More »Africa’s historic free trade deal a game changer?
Economists say significant challenges remain, including poor road and rail links, excessive border bureaucracy and petty corruption | THE INDEPENDENT | On July. 07, African nations officially unveiled a landmark trade agreement at the African Union Summit in Niamey, Niger, with the long sought-after agreement hailed as a historic …
Read More »S.Africa’s Zuma tells graft probe he’s a victim of conspiracy
Johannesburg, South Africa | AFP | South Africa’s former president Jacob Zuma on Monday dismissed multiple graft allegations against him, telling a judicial inquiry he was the victim of conspiracies, years of “character assassination” and plots to kill him. In an often rambling monologue, Zuma accused unnamed foreign intelligence agencies and …
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