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G8 - Financial Crisis or No, Rich Can Help Fight Hunger

The World Food Programme (WFP) is urging G8 leaders to turn words into action and meet urgent hunger needs in Africa and other developing nations as they gather in Italy for the 2009 G8 Summit. At a press briefing ahead of the start of the three-day summit, WFP spokesperson Gregory Barrow said the global economic downturn has followed on the heels...

Strike Will Halt All 2010 Projects Tomorrow

WORK at all 2010 Soccer World Cup construction projects will grind to a halt tomorrow after unions yesterday rejected a revised pay offer and opted to strike in support of a higher demand. The latest offer of 10,4% by the South African Federation of Civil Engineering Contractors (Safcec), was turned down after the collapse of eleventh-hour talks...

Militants Target Trans-Saharan Gas Project in West Africa

There were fears at the weekend that the multi-billion dollar Trans-Saharan Gas Pipeline project being midwifed by Nigeria, Algeria and Niger is now a target for sabotage by the Movement for the Emancipation of the Niger Delta (MEND). The militant group, which has launched a string of onslaughts against operators in the oil industry, in its latest...

Nigeria, Algeria, Niger Seal $10bn Gas Pipeline Deal

Three African countries yesterday signed an accord to build a $10 billion trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. The project would convey gas destined for the European market more than 4,000 kilometres (2,485 miles) from the Niger Delta in Nigeria via Niger and Algeria. The head of Nigeria's state oil company,...

At Last, China Makes Dramatic Entry Into Nigerian Oil Sector

Last week's decision of China's largest petroleum refiner, Sinopec International Petroleum Corporation to acquire Addax Petroleum Corporation has been described as a victory of sort for the Asian country after years of unsuccessful bidding for a piece of action in the Nigerian oil industry. Sinopec, an acronym for China National Petroleum...

Zimbabwe Diamonds High on KP Windhoek Meeting Agenda

ZIMBABWE'S diamond trade will no doubt feature high on the agenda of the three-day Intersessional Meeting of the Kimberley Process Certification Scheme (KPCS), which began yesterday, with the opening remarks of chairperson Bernard Esau setting the tone for this. The Kimberley Process is a joint government, industry and civil society initiative to...

Reforms 'Irreversible' Prime Minister Morgan Tsvangirai of Zimbabwe Tells British PM

Prime Minister Morgan Tsvangirai of Zimbabwe told his British counterpart in London on Monday that his country was engaged in "an irreversible process" of consolidating democratic values. Speaking to journalists after meeting Gordon Brown at the prime minister's office at 10 Downing Street, Tsvangirai said he was "conscious of the shortcomings in...

U.S. President Barack Obama's First 100 Days

The 44th President of the United States has a triple ancestral heritage. Obama is descended from Africans, from Muslims and from mainstream Americans. In the bid to be elected President of the US, Barack Obama emphasised his affinity with mainstream Americans, and underplayed his African and his Muslim ancestry. Yet, there are great expectations...

Continent Buys Into Subsidising Own Farmers of Africa

Tired of seeing prices for their crops undercut by US and European producers who receive billions of dollars in government subsidies each year, African governments appear to increasingly favour implementing their own subsidies. The message from state representatives from numerous African countries attending the AgriBusiness Forum 2009 held in...

Militants Destroy 3 Chevron Facilities in Nigeria

Militants, under the auspices of Movement for the Emancipation of the Niger Delta (MEND), have destroyed more facilities in Delta State belonging to American oil giant, Chevron whose Otunana flow Station caught fire last week. However, the Joint Task Force Spokesman in the Niger Delta, Colonel Rabe Abubakar in response to an inquiry by THISDAY...

Obiageli Katryn Ezekwesili: Africa Needs $80 Billion Annual Infrastructural Investment

World Bank's Vice-President, Africa Region, Obiageli Katryn Ezekwesili, has said that African countries require an annual investment of $80 billion on infrastructure if it hopes to become competitive in the global market. Ezekwesili, who spoke at day two of the World Economic Forum (WEF) in Cape Town, South Africa, yesterday observed that the new...

Zimbabwe Prime Minister Morgan Tsvangirai to Ask Europe, U.S. to Lift Sanctions

Prime Minister Morgan Tsvangirai is today expected to leave for the United States and Europe after being tasked by the Government to call for the removal of sanctions and seek a financial package to revive the economy. President Mugabe met with US Congressman Donald Payne last week ahead of PM Tsvangirai's three-week visit to Washington and...

Southern Africa Ready to Tighten Screws as EU Trade Row Turns Ugly

SA WAS prepared to set up trade barriers with Botswana, Lesotho Mozambique and Swaziland to stop a flood of cheap imports entering the country. Trade and Industry Minister Rob Davies sounded the warning yesterday after SA's neighbours broke ranks and signed trade deals in the form of an interim economic partnership agreement (EPA) with the...

Visa Waiver 'Encumbering' Trade in Zimbabwe

The South African government's removal of visa requirements for Zimbabweans in April was aimed at easing entry for people still reeling from the crisis in Zimbabwe. But, for Alice Kakwindi, Grace Chimhosva and other cross-border traders, entering South Africa has subsequently turned into a nightmare. On the two occasions that they have visited...

Controversial Chinese Firm Given Another Copper Mine in Zambia

The desperate need to find an alternative investor for the closed Luanshya Copper Mines (LCM) in Zambia's Copperbelt has not prevented some Zambians from fiercely opposing the government's decision to let Chinese-owned Non-Ferrous Metals Mining Company (NFCA) run the mine. The choice of NFCA is controversial because 49 miners died in an accident...