Africa News blog
African business, politics and lifestyle
Good news and bad news for Africa from the latest take on global risks from the World Economic Forum. Not much danger for most of the continent, it says, from an asset bubble burst. That’s the good. The bad, of course, is that this is because there are not many financial assets to bubble. In fact, it deems the overall exposure even to economic risks is small because African economies are not particularly tied in to global markets.
Actually, the report shows that there are two Africas. Mapped by their susceptibility for economic and asset bubble trouble, most African countries are bunched together in a low risk range. But another, smaller cluster, including Nigeria and South Africa, finds itself in much more peril and shares space on the WEF risk map with Western and Eastern Europe.
Good news, in a contradictory sort of way.
This week, Ghana completed its smooth transfer of power from the ruling party to the opposition after an election that won praise around the continent.
President John Atta Mills certainly faces plenty of challenges, but the change of guard – the second such democratic victory of the opposition over a ruling party in Ghana – was a big achievement in itself on a continent where such a possibility sometimes seems more theoretical than real.
Ghana’s epic nail-biter of an election has finally ended with opposition leader John Atta Mills being declared the winner by the narrowest of margins: barely 40,000 votes out of 9 million, or less than 0.5 percent of votes from the past week’s run-off.
Virtually everybody was expecting a close race, but the contest got tighter and increasingly acrimonious as both rival camps sensed power was within their reach. As the vote went down to the wire, to be decided with delayed voting held in one final constituency on Jan 2, the ruling New National Party (NNP) announced a boycott and launched legal proceedings to postpone the poll and freeze the announcement of results.
After a year that has seen electoral bloodshed in Kenya and Zimbabwe one analyst who has followed the vote closely warned that incidents of violence during the polls indicated Ghana “may be coming close to that abyss of no-return”.
Yet shortly after the Electoral Commission announced results on Saturday, Akufo-Addo conceded defeat, congratulated Mills and both candidates were stressing the need for cooperation and consensus between their two parties.
from Global News Journal:
A little while back, we asked who is and isn’t fighting corruption effectively in Africa. This week, a number of examples bring us back to the subject.
In Tanzania, two former ministers have been charged with flouting procurement rules over the award of a tender for auditing gold mining back in 2002. The pair, who deny wrongdoing, served in the government of President Jakaya Kikwete’s predecessor Benjamin Mkapa. One of them also served under Kikwete himself.
from Global News Journal:
Members of Guinea-Bissau's unruly armed forces have blotted the military's record again with another attack against the country's political institutions. Early on Sunday, Nov. 23, renegade soldiers, their faces hooded, sprayed the Bissau residence of President Joao Bernardo "Nino" Vieira with machine-gun and rocket-propelled grenade fire. The president survived unhurt this latest apparent attempt to topple him.
But The attack underlined the fragility of the small, cashew nut-exporting West African nation, one of the poorest in the world and a former Portuguese colony which has suffered a history of bloody coups, mutinies and uprisings since it won independence in 1974 after a bush war led by Amilcar Cabral. The assault followed parliamentary elections on Nov. 16 which donors were hoping would restore stability and put in place a new government capable of resisting the serious threat posed by powerful Latin American cocaine-trafficking cartels who use Guinea-Bissau as a staging post to smuggle drugs to Europe.
There seems to be quite a thirst for faith these days in Angola, which abandoned Marxism in the 1990s after three decades of civil war and is now experiencing a boom in religious sects that often mix traditional African belief in witchcraft with elements of the Christianity brought by the Portuguese colonialists.
Some 900 religious groups are waiting for the official registration required by the government, which has launched a campaign to stamp out illegal sects in the capital Luanda and provinces bordering Democratic Republic of Congo where witchcraft is believed to be widespread. Last week, an ailing 28-year-old woman died when her sect barred her from seeking medical treatment and 40 children were rescued from two other religious groups that accused them of possesing evil powers.
from Global News Journal:
Islamist militants imposing a strict form of Islamic law are knocking on the doors of Somalia's capital, the country's president fears his government could collapse -- and now pirates have seized a super-tanker laden with crude oil heading to the United States from Saudi Arabia.
Chaos, conflict and humanitarian crises in Somalia are hardly new. It's a poor, dry nation where a million people live as refugees and 10,000 civilians have been killed in the Islamist-led insurgency of the last two years. A fledgling peace process looks fragile. Any hopes an international peacekeeping force will soon come to the rescue of a country that has become the epitome of anarchic violence are optimistic, at best.
from Global News Journal:
After the Algerian parliament changed the constitution to lift presidential term limits, north Africans are asking whether Algeria now has a president for life.
In making the change, Algeria has followed a route taken in recent years by other African countries such as Cameroon, Chad and Uganda, all of which removed the limit of two presidential terms.
Sudan’s President Omar Hassan al-Bashir was in a jubilant mood when he announced to crowds of supporters that he was declaring a ceasefire in Darfur.
From his body language, you might have thought he had already ended the crisis and achieved his goal of avoiding a possible indictment by the International Criminal Court for alleged war crimes in Darfur.
Three African trading blocs comprising some 527 million people and with an estimated gross domestic product of $624 billion, have agreed to move towards a free trade area. It would span 26 countries from Egypt to South Africa, and would go a long way towards streamlining some of the continent’s numerous trading blocs. Africa is home to some 30 regional trade arrangements, and on average each nation belongs to about four groups, according to international financial institutions. This has led to conflicting and overlapping agreements.
So in a move to ease some of these issues, heads of state who chair the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and the Southern African Development Community (SADC), met in the Ugandan capital to draw up a pact on integration, and eventually hoping to have a unified customs union. Ugandan President Yoweri Museveni said at the meeting’s opening that: “The greatest enemy of Africa, the greatest source of weakness has been disunity and a low level of political and economic integration.” The meeting’s final communiqué said a timeframe for integration would be considered in one year. Rwandan President Paul Kagame cautioned delegates that African nations must make sure to enforce the protocols and treaties that they’ve adopted. Heads of state at the meeting stressed the need to create economies of scale, bigger markets equal more opportunities to grow, they said.