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from Photographers' Blog:

Fishing and firearms on Lake Turkana

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Lake Turkana, Kenya

By Siegfried Modola

When Simon Choko goes out fishing on Kenya’s lake Turkana, he brings a gun as well as a net.

In the drought-stricken corner of northwestern Kenya, the native Turkana community to which Choko belongs is involved in deadly conflict with rivals from across the border in neighboring Ethiopia, as the poor populations compete for dwindling food.

“I have been a fisherman since I was a boy and I have never experienced such a tense and dangerous period as the one we are living now. Everyone has a gun these days to protect themselves against attacks,” said Choko.

The Turkana are traditionally nomadic pastoralists but they have seen the grass that they need to feed their herds wither in the face of recurring droughts. As conditions change, the Turkana have had to change too, and many have turned to fishing.

from Global Investing:

Frontier markets: past the high water-mark

By Julia Fioretti

Ethiopia's plans to hit the Eurobond trail once it gets a credit rating are highlighting how fast frontier debt markets are growing.

IFR data shows that sub-Saharan Africa alone issued $4.2 billion of sovereign debt in the year to September, compared to $3.6 billion in the same 2012 period. And returns on frontier market bonds have outgunned their high-yield emerging sovereign peers this year.

from Full Focus:

Photos of the week

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Our top photos of the week.

from Nicholas Wapshott:

In Nairobi mall, a layered ‘clash of civilizations’

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What can we make of the terrible events in Nairobi, where innocent shopping trips turned into a bloodbath? It is usual to think of such horrors as acts of senseless killing. For every civilized person, the slaughter is inexcusable and incomprehensible. But in this case, as in so many others, it is not inexplicable.

The notion of a “clash of civilizations” has gained widespread currency since the September 11 al Qaeda attacks, particularly in the United States, where the idea has not only been used to explain why many young Muslims hate the West but to encourage a general fear and suspicion of all Muslims.

from Photographers' Blog:

Witnessing the Nairobi mall massacre

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WARNING: GRAPHIC CONTENT

Nairobi, Kenya

By Goran Tomasevic

(Editor's Note: Goran Tomasevic is a veteran war photographer, covering conflict for over 20 years in countries including Afghanistan, Iraq, Libya, Egypt and Syria. As Reuters chief photographer for East Africa, Goran is now based in Nairobi, Kenya. This is his story of the attack on the Westgate shopping center on September 21, 2013.)

I was at home when I heard from a friend about something happening, but we weren't sure what it was. I went to the Westgate mall and saw some bodies lying in the car park and realized it was serious. I saw some police so I hid behind the cars to take cover and slowly got closer to the gate.

from Full Focus:

Westgate mall massacre: Goran Tomasevic

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WARNING: GRAPHIC CONTENT

Photographer Goran Tomasevic went inside Nairobi's Westgate shopping center as gunmen from Somalia's al Shabaab group killed dozens of mall goers. Read Goran's personal account of what he witnessed here.

from The Great Debate:

Democracy emerges in sub-Saharan Africa

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The recent re-election of Zimbabwe’s 89-year old president Robert Mugabe, in office for 33 years, resembled a period not long ago when sham elections were the norm in sub-Saharan Africa. Peaceful transitions of power were almost unheard of.

Though the African Union disappointingly endorsed the elections as “honest and credible,” Zimbabwe’s electoral commission has now faced a spate of resignations and international condemnation over allegations of vote-rigging, intimidation and state media control.

from Global Investing:

Cheer up Morocco, frontier markets are hot

Morocco fears its stock market is on the verge of being re-classified as a frontier market when  index provider MSCI announces its annual rejig of equity indices this month.

Maybe it should pray for relegation instead. A report at the end of last week by Citi notes the boom in frontier market equities -- they have risen 15 percent since the start of this year, a stark contrast to their better known, more liquid emerging market cousins which have fallen around 5 percent so far this year. In fact the performance of the frontiers -- comprising less liquid, smaller markets from Kenya to Kazakhstan -- has been more akin to the U.S. or Japanese equity markets which have earned investors double-digit returns this year.

from Global Investing:

New frontiers to outpace emerging markets

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Fund managers searching for yield are increasing exposure to frontier markets (FM) as a diversification from emerging markets (EM), as the latter have been offering negative relative returns since January, according to MSCI data.

Barings Asset Management  said on Monday it plans to launch a frontier markets fund in coming weeks, with a projected 70 percent exposure to frontier markets such as Nigeria, Saudi Arabia, the UAE, Sri Lanka and Ukraine.

from Full Focus:

Photos of the week

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WARNING: GRAPHIC CONTENT
Our top photos from the past week.

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