LUANDA, May 20 (Reuters) – A halving of oil prices last year
has increased hardship in Angola, one of the world’s most
unequal countries, and stirred resentment towards President
Eduardo dos Santos, the leader of Africa’s second largest crude
exporter for the last 36 years.
Angola’s government, which relies on oil sales for 95
percent of foreign exchange revenues, slashed a third off its
budget after a glut in global production caused a halving of oil
prices last year.
CAXITO, Angola, May 19 (Reuters) – After decades of civil
war destroyed Angola’s fertile farmland and a booming oil
industry pushed out all other commerce, Santa Rodrigo wondered
how she could ever bring up her five children in the poverty
that surrounded them.
Angola’s government spends more on its military than any
other department, and is often criticised for failing to answer
the needs of its population – there are many like Rodrigo -
while industries like manufacturing and food production have
LUANDA (Reuters) – An Angolan journalist who accused generals of human rights abuses in the illicit diamond trade faces libel charges in court on Thursday in a case that is putting the spotlight on a major African oil-producer keen to improve its reputation abroad.
Rafael Marques de Morais’ 2012 book “Blood Diamonds: Corruption and Torture in Angola” detailed more than 100 alleged killings and torture of civilians and workers at diamond mines owned by senior Angolan army officers.
JOHANNESBURG (Reuters) – The recall of Nigeria’s top diplomat after a spate of xenophobic attacks in South Africa follows several similar spats that expose the two countries’ deep rivalry for economic and political dominance in Africa.
Nigeria’s Acting High Commissioner to South Africa Martin Cobham said on Saturday he had been “invited” to Abuja to discuss this month’s anti-immigrant attacks in South Africa, which have killed at least seven people.
JOHANNESBURG (Reuters) – South African authorities detained a 15-year-old girl who was travelling to join Islamic State, the state security ministry said on Monday, the country’s first known arrest linked to the militant group.
The ministry said it was investigating whether Islamic State had a recruitment network in South Africa.
JOHANNESBURG (Reuters) – Google and Facebook are at the forefront of a scramble to win over new African Internet users, offering freebies they say give a leg-up to the poor but which critics argue is a plan to lock in customers on a continent of 1 billion people.
Africa’s Internet penetration will reach 50 percent by 2025 and there are expected to be 360 million smartphones on the continent by then, roughly double the number in the United States currently, Mckinsey Consultants data shows.
JOHANNESBURG, March 16 (Reuters) – Wider smartphone and
Internet access has allowed technology firms to reach remote
African farmers with apps providing veterinary diagnoses, crop
planting guidance and virtual marketplaces.
Human food production will need to increase 70 percent by
2050 to meet rising demand and Africa is home to more than half
of the world’s unused arable land, according to United Nations
JOHANNESBURG (Reuters) – Falling commodity prices, political upheaval and simmering conflict are exposing the differing fortunes of Africa’s economies, undermining the idea that the continent of a billion people is on one collective ascent.
Sub-Saharan Africa has achieved annual growth of more than 5 percent over the last decade, and foreign investment has more than quadrupled over the same period, feeding the popular catch phrase that Africa is ‘rising’.
JOHANNESBURG, March 2 (Reuters) – Angola’s central bank will
probably have to devalue the kwanza and raise interest rates
this year as a sharp drop in oil prices saps foreign exchange
supply, the Angolan unit of Africa-focused investment bank Imara
Securities said on Monday.
Oil-dependent Angola slashed $17 billion off its budget this
year due to the drop in the price of oil, which accounts for
around half of the southern African country’s gross domestic
product and 90 percent of its export revenues.
JOHANNESBURG, Feb 16 (Reuters) – South Africa’s main
opposition party has called for an investigation into why mobile
telephone reception was cut in parliament ahead of President
Jacob Zuma’s chaotic State Of The Nation address last week.
The Democratic Alliance (DA) branded the apparent jamming as
“censorship” and denounced the speaker of parliament, Baleka
Mbete, saying she was unfit to continue in office.