Latest Articles

  • Opportunities abound for foreign investment in Africa's hospitality sector - PwC report

    The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travellers, a new report by global assurance, advisory and tax services firm PricewaterhouseCoopers (PwC) indicates. According to PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ report, the emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world’s leading hotel developers. Pietro Calicchio, the hospitality and gaming industry leader for PwC Southern Africa, said the growth potential of Africa is high mainly “because of the rapid economic growth in some economies, a growing middle-class and an increase in visits from foreign visitors”. “The emerging markets are a sought after destination for foreign investors… it is in these markets where there is continued economic growth and a need for additional infrastructure. In addition, governments and policy makers are introducing a range of tax incentives and other incentive schemes to foreign investors,” said Calicchio. Although the potential for foreign investment has improved substantially in Africa over the past several years it is not without a number of challenges. Some of these challenges include a drop in oil prices and other commodities, social unrest, unstable electricity supply and the impact of one of the most severe droughts across the African continent, the report indicates. The study that was released on Tuesday features information about hotel accommodation in South Africa, Nigeria, Mauritius, Kenya and Tanzania, and also looks into Ghana and Ethiopia as emerging hotel markets. Read more

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  • President Lungu: HIV, Aids testing now compulsory in Zambia

    Lusaka – Zambian President Edgar Lungu has reportedly announced that HIV and Aids testing is now compulsory in the southern African country, as his government tries to eradicate the diseases by 2030. According to Lusaka Times, Lungu made the announcement during the inaugural HIV Testing Counselling and Treatment Day commemoration under the theme "Test and Treat: Towards Ending Aids" held at the Olympic Youth Development Centre (OYDC) in Lusaka. Lungu said that compulsory HIV and Aids testing was a government policy that was non-negotiable. "I must admit that there were some colleagues who felt that this policy would infringe on human rights but there [is] no one [who] has the right to take away somebody’s life. Just the same way we don’t consult you for consent when we are testing for Malaria, we will go ahead and test you for HIV and we will counsel you and if you are positive, we will commence you on treatment," Lungu was quoted as saying. The newly introduced government policy was reportedly against the World Health Organisation (WHO) and Unaids that promoted voluntary counselling and testing. Several studies have shown that as much as compulsory testing increased treatment outcomes, it also promoted stigma towards HIV. Unaids, the UN agency battling the disease, estimated that 2.1 million adolescents were living with HIV in 2013, 80% of them in sub-Saharan Africa. Read more

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  • Ethiopia Desirous to Execute 50% of imports through Sudan

    Prime Minister Hailemariam Desalegn said that Ethiopia is desirous to use ports in Sudan to execute 50 percent of its import-export transactions. Prime Minister Hailemariam who is on official visit to Sudan expressed his country's interest to President al-Bashir while discussing bilateral ties. The Horn African nation wants to make export-import transactions through Port Sudan because of its nearness to the northern part of the country. The Premier said Ethiopia wants half of its import-export transactions to be executed through Port of Sudan. To realize this, the Premier said Ethiopia is building a dry port facility to transit commodities, he added Over 90 percent of Ethiopia’s current foreign trade is conducted through Djibouti, making it the sole outlet for the country’s export and import transactions. Because of the geographical location of Port of Djibouti, Ethiopia has been forced to spend extra cost to transport commodities to and from the northern part of the country. In addition to lowering transport costs, Ethiopia’s access to Port Sudan would also help to reduce congestions at Djibouti and facilitate timely transit of commodities. In addition to Sudan, Ethiopia is looking for alternative sea ports in neighboring countries of Kenya and Somalia to improve the country’s international trade. The country has planned to use the Mombasa port, the Port of Sudan and Berbera, in addition to the Djibouti port.  Read more

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  • Barack Obama’s tweet just became the most ‘liked’ and the 4th most retweeted in Twitter’s history

    According to Twitter, Obama’s post-Charlottesville tweet has drawn 3.8 million likes, 1.47 million retweets, and 59,000 replies Former President Barack Obama has made history again, it appears. This time his mark has been made in the Twitter universe, on the back of a message and photo that he posted Sunday in response to the weekend’s violent and racially charged protests in Charlottesville, Va. “No one is born hating another person because of the color of his skin or his background or his religion,” was Obama’s message, partially quoting remarks from former South African President and activist Nelson Mandela’s 1994 biography “Long Walk to Freedom.” It is accompanied by a picture (see below) of him greeting a diverse group of children at a day-care center’s window. Twitter Inc. TWTR, +1.32% declared the tweet the most liked in history at 10:07 p.m. Eastern on Aug. 15, according to a Twitter spokeswoman. As of late Wednesday in New York, the tweet had garnered 3.8 million likes, 1.47 million retweets and 59,000 replies. Previously, as MarketWatch’s Need to Know column reported, the most liked tweet in Twitter’s history was from pop star Ariana Grande with more than 2.7 million likes. Wednesday afternoon, the tweet also eclipsed Grande’s retweets of 1.14 million, also making it the 4th most retweeted message ever. A Tuesday evening news conference in an elevator lobby at Trump Tower in Manhattan, intended to discuss Trump’s plans to ramp up infrastructure spending, devolved into a combative tête-à-tête between Trump and reporters, where the 45th president doubled down on weekend remarks placing blame on “both sides” for violence at a white-supremacist rally in Charlottesville that left one woman dead. “There is blame on both sides, and I have no doubt about it,” Trump said Tuesday. “You had a group on one side that was bad and you had a group on the other side that was also very violent, and nobody wants to say that, but I’ll say it right now,” he said, adding that there were also in attendance “very fine people, on both sides.” Read more

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  • Saudi King Salman invites Qatar pilgrims to Hajj

    Muslims from around the world gather in Mecca to perform the annual Hajj [Reuters] Saudi Arabia had closed its land border with Qatar in June as part of an economic and political blockade. Saudi Arabia will open its land border with Qatar to allow Hajj pilgrims to pass through, its official press agency said. A statement on the official Saudi Press Agency on Thursday said the Salwa border point would be open for Qatari citizens who wish to perform the annual pilgrimage to pass through with no electronic permissions needed. The statement added that Saudi Arabia's King Salman bin Abdulaziz Al Saud has invited Qatari pilgrims to perform this year's Hajj pilgrimage at his expense. King Salman also ordered that private jets belonging to Saudi airlines be sent to Doha airport "to bring all Qatari pilgrims on his expenses". he Salwa border crossing had been shut after Saudi Arabia, Egypt, Bahrain and the United Arab Emirates (UAE) severed diplomatic and trade ties with Qatar on June 5, accusing Doha of supporting "terrorism". Qatar denies the accusations. Jeddah is the airport hub for pilgrims travelling to Mecca and Medina to perform the annual Hajj pilgrimage. Under the same royal directive, Qatari citizens will also be transported to Mecca from King Fahad airport and Ihsaa airport in the east of the country. There has been no reaction yet by Qatar's government to the announcement. Read more

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  • Unskilled Nigerian Behind Phishing Offensive Targeting World's Biggest Companies

    A relatively unskilled man in his mid-20s, operating from a location near the capital of Nigeria, is the kingpin behind a four-month cyber-offensive that has affected 4,000 organizations globally. According to an investigation by Check Point, a range of companies have been targeted by cyberattacks which aim to infect their networks, steal data and commit fraud. The victims include a marine and energy solutions company in Croatia, a transportation company in Abu Dhabi, a mining company in Egypt, a construction organization in Germany, and so on—leading international names in industries such as oil & gas, manufacturing, banking and construction. “Successful attacks on this scale are usually attributed to expert gangs of cybercriminals—often backed by a nation-state, with the aim of destabilizing economies,” Check Point researchers said. “[Instead], he is a Nigerian national, working on his own. On his social media accounts, he uses the motto ‘get rich or die trying’.” His attack campaign uses fraudulent emails which appear to originate from oil and gas giant Saudi Aramco, the world’s second largest daily oil producer, targeting financial staff within companies to trick them into revealing company bank details, or open the email’s malware-infected attachment. “It’s particularly striking that his techniques display a low level of cyber-skills,” the researchers said. “His fraudulent emails are crude and unsophisticated; there is almost no research or social engineering involved in creating them. The titles of the emails are generic, and phrased as “Dear Sir/Ms.” The same mail is sent to numerous targets, all in blind carbon copy, urging victims to send back banking details, perhaps for future scams.” The malware used is NetWire, a remote access Trojan which allows full control over infected machines, and Hawkeye, a keylogging program. These are old, generic and readily available online; and, he uses freeware to ‘scrape’ email addresses from corporate websites which he then uses as targets for his campaigns, Check Point said. The ramifications are myriad: Both financial losses and the ability for follow-on attacks should both be concerns, the firm cautioned. Read more

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  • Egypt is always associated with Nile dam discussions between Ethiopia and Sudan: Ghandour

      The Sudanese Foreign Minister Ibrahim Ghandour Tuesday praised the exemplary relationship between Ethiopia and Sudan but was keen to underscore that the talks on Renaissance Dame and Nile Water are always done with the Egyptian participation. The Sudanese top diplomat was speaking at a press conference held in Khartoum after the arrival of the Ethiopian Prime Minister Hailemariam Desalegn in an official three-day visit where the two neighbors will sign a number of bilateral agreements in various fields. "Sudan’s relationship with Ethiopia goes beyond water issues. The water is a national security issue for Sudan, Ethiopia and the rest of the Nile Basin countries. Also, it is one of the most important issues under the Nile Basin Initiative, the Technical Committee of the Nile Basin and the water agreement between the three countries.(Egypt, Ethiopia, and Sudan), particularly about the Renaissance Dam," he said. The issue of water has always been present when two of the three parties meet, but the concern is always "how to have tripartite cooperation between the three countries," he further stressed. The Ethiopian multi-billion dollar Renaissance Dam is being constructed on the Blue Nile, about 20 kilometers from the Sudanese border, and has a capacity of 74 billion cubic meters, and is expected to generate electrical power of up to 6,000 megawatts. Sudan backs the project because its water will be used to develop the eastern Sudan region while Ethiopia says it intends to produce only electricity and has no interest in the water or any intention to harm Egypt. However, Cairo is openly opposed to the project and requests more guarantees that the project will not affect its share of the Nile water. Ghandour who held a joint press conference with State Minister for Foreign Affairs, Mrs. Hirut Zemene told reports that bilateral meetings would be held between the respective ministers in the two countries to discuss issues of security, water, economic cooperation, etc.
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  • 63 percent of Ethiopian Women Believes Husbands Can Beat a Wife: Survey

            The result of the latest study is somewhat surprising. Sixty-three percent of women Ethiopia believes that a husband punch is right if necessary, a survey pointed out. “Wife’s failure to take care of children, offers argument with her husband, refuses to have sex with husband, and going anywhere without husband’s knowledge are some of the reason that makes a husband’s beating Valid,” the survey indicated. Twelve thousand sixth hundred and eighty-eight females and fifteen thousand six hundred eight three male interviewees from 15-49 ages have included in the study, which has conducted for six months. From the male sides, 28 percent of the respondents opined that “if the above reasons are there, a beating is acceptable.” The study finally recommends that the government and other pertaining organs should design and implement a strategy to reduce such harmful traditional outlooks and practices. Violence against Women and Girls is a global pandemic that has or will affect 1 in 3 women in their lifetime. Violence is not only a personal struggle for the victims but also has severe consequences on social and economic outcomes. The World Bank is uniquely positioned to address violence against women and girls around the world and currently supports 128 million USD in development projects aimed at resolving the issue.
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  • A man who killed a 4 years old daughter executes, kills by AK 47

      The mother of a four-year-old girl who was raped and murdered today told of their joy at the execution by machine gun of their daughter's killer. Safaa al-Matari's parents said justice had been done as the little girl's father spoke of his 'happiness' that the murderer had been punished in 'spectacular way'. Hussein al-Saket, 25, was shot five times before his body was strung up from a crane in front of a large crowd in the Yemeni capital Sanaa's Tahrir Square for Saffa's abduction, rape and murder. Speaking exclusively to MailOnline the girl's mother Amal al-Matari said: 'I am very happy that the killer has been executed. 'I felt so relieved even after it had taken all this time – one year and eight months ago. 'I am more than happy and content now that justice has been done. 'I know my innocent daughter Safaa will now rest in peace and in heaven.' Her father Muhamad Taher al-Matari said: 'I am so happy the killer of my daughter has finally been punished in such a spectacular and deterrent way so that he would set an example for all to see. He added: 'My tribe, family and I tahnk all those have have sympathized with us in Yemen whether they are Muslims, Christians or any other religion because attacking innocent children is forbidden by God and all religions.' Safaa's mother revealed how heartless al-Saket snatched her 'beautiful' daughter while she was giving birth to her youngest brother in November 2015. Amal al-Matari told MailOnline: 'I was giving birth to my youngest son, Saleh, who is now 20 months old when Safaa who was playing outside our house disappeared.
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  • 63 percent of Ethiopian Women Believes Husbands Can Beat a Wife: Survey

            The result of the latest study is somewhat surprising. Sixty-three percent of women Ethiopia believes that a husband punch is right if necessary, a survey pointed out. “Wife’s failure to take care of children, offers argument with her husband, refuses to have sex with husband, and going anywhere without husband’s knowledge are some of the reason that makes a husband’s beating Valid,” the survey indicated. Twelve thousand sixth hundred and eighty-eight females and fifteen thousand six hundred eight three male interviewees from 15-49 ages have included in the study, which has conducted for six months. From the male sides, 28 percent of the respondents opined that “if the above reasons are there, a beating is acceptable.” The study finally recommends that the government and other pertaining organs should design and implement a strategy to reduce such harmful traditional outlooks and practices. Violence against Women and Girls is a global pandemic that has or will affect 1 in 3 women in their lifetime. Violence is not only a personal struggle for the victims but also has severe consequences on social and economic outcomes. The World Bank is uniquely positioned to address violence against women and girls around the world and currently supports 128 million USD in development projects aimed at resolving the issue.
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