Month: October 2017

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France has sentenced the playboy son of Africa’s longest serving president to three years in jail

Teodorin Obiang, the playboy son of oil-rich Equatorial Guinea’s leader, and the country’s current vice president, has been found guilty of corruption and sentenced to three years in jail in France. The sentence comes after a long investigation by French authorities into allegations that Obiang embezzled $175 million from his country to buy luxury cars, ...

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Nigeria:Why Boko Haram Suspects Deserve Fair Trials

[allAfrica] Lagos -As I waited at Nigeria’s Murtala Mohammed Airport in Lagos, watching bags of various colors and shapes tumble onto the carousel, I cast a glance around the airport. It always feels good to be back in the city that was my home for over 20 years. Nearby were four men I believed were ...

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Even Africa’s poorest countries are too expensive to be the world’s next manufacturing hub

Even though the global economy has evolved significantly in the last few decades away from the industrial revolution—which transformed many of the world’s advanced countries—there’s still much hope tied to the idea that manufacturing will play a key transformative role in developing countries in Africa today. Yet, it may be foolish to place too big ...

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Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme

“Welcome to the System! Together we will change the world!” These are the words I found scrawled at the bottom of a web page, right next to a picture of Sergei Mavrodi, a convicted Russian fraudster infamous for operating Mavrodi Mundial Moneybox (or MMM), one of the world’s largest ponzi schemes. Two decades after MMM ...

Sudan’s economy is in trouble, even without sanctions

“THIS is the best you can find anywhere, and not just in Sudan,” says Ali Alsheikh, gesturing at the deep-green field behind him. His farm, which exports animal feed, belongs to DAL Group, Sudan’s largest conglomerate. Here, an hour’s drive south of the capital, Khartoum, one can glimpse a better economic future for Sudan: high-tech, ...

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Africa’s political elites have built the same wealth plundering structures as the colonialists

The story of corruption in Africa is not new: tens of millions of dollars missing from Kenya’s ministry of health; billions in mining exports never reaching government coffers in the DR Congo; and cabinet members in Nigeria using bribes received in exchange for lucrative government contracts to buy condos in New York and Paris. Corruption ...

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African startup founders can finally start looking for big-ticket funding nearer home

For startups founders in Africa, finding the capital to fund their vision is difficult. But, more than ever before, there are reasons to believe that’s starting to change. On Tuesday (Oct. 10), Andela, a pan-African startup that trains and pairs coders with global companies, revealed a new $40 million Series C round. There were a ...

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For Dignity and Development, East Africa Curbs Used Clothes Imports

Some countries in East Africa, to protect local industries and national pride, have enacted de facto bans of secondhand clothing from abroad. The United States has cried foul.

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How South Africans now learn French as an “African” language

  French has been taught and learned in South African classrooms for decades, even though it isn’t one of the country’s official languages. The language doesn’t carry the same colonial stigma as it does in other African countries such as Côte d’Ivoire and the Democratic Republic of Congo (DRC). In these countries people’s relationship with ...

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How hip hop became the force behind Gabon’s political activism

In Gabon as in other African states, rap has become instrumental in constructing political identity. On August 17, Gabon celebrated 57 years of independence with a massive free concert in the capital, Libreville. The aim: to promote national unity in a festive fashion. An impressive lineup of local hip hop stars—including Ba’Ponga, Tris, Tina and ...