Essential The Africa the Media Doesn't Tell You About
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DRC's Katumbi plans December 2017 return to face 'scared' Kabila
DRC's Katumbi plans December 2017 return to face 'scared' Kabila | Africanews
@Frangala
DRC's Katumbi plans December 2017 return to face 'scared' Kabila | Africanews
@Frangala
Frangala
All Star
He is accurate. Kabila is very unpopular so any member of the opposition is likely a threat but Nikki Haley is touching down in DRC today so let's see what the result will be. He is running out of time.
brazil is in africa?Primeira negra campeã brasileira de tênis de mesa, quer publicar livro para inspirar outras mulheres
Meninas e mulheres estão carentes de referências no esporte, indústria famosa por tornar atletas tão populares quanto estrelas de cinema. Faça um exercício. Pense em poucos segundo, 5 nomes de mulheres famosas por serem atletas.
Uma pesquisa da marca Always, revelou dados alarmantes sobre sobre a relação das mulheres com o esporte. Até os 17 anos, o final da puberdade, mais da metade das meninas (53%) terá abandonado o esporte, justamente no momento em que o esporte poderia trazer maior benefício.
80% das jovens gostariam que houvessem mais modelos de mulheres nos esportes, porém o maior desafio é enfrentar o preconceito. Mulheres não são vistas como boas no esporte e 35% reclamam da falta de incentivo, inclusive dentro da família.
Maira Ranzeiro, 30, tem uma história que felizmente foge as estatísticas. Seu amor pelo esporte, mas especificamente pelo tênis de mesa, teve apoio total dos seus familiares ainda quando ela tinha 11 anos. E o resultado do investimento não poderia ser melhor. Maira foi a primeira negra a conquistar o título de Campeã Brasileira de Tênis de Mesa e atualmente é líder do ranking brasileir. Mas ela quer ir além e motivar mais mulheres, sobretudo as negras, publicando um livro. “O esporte tem características que a gente carrega para vida”.
Black Excellence
Angola’s banking sector grows by 16% in 2016, Deloitte says
20 October 2017
The value of total assets of banks operating in Angola increased by 16% to 8.70 trillion kwanzas in 2016, compared to 2015, according to a study on the Angolan banking sector presented on Thursday in Luanda by consulting firm Deloitte.
The study entitled “Banking under analysis, new era, new ways” said that the state-owned Banco de Poupança e Crédito continued to lead the list with total assets of 1.69 trillion kwanzas.
The value of the assets of five banks – Poupança e Crédito (BPC), Angolano de Investimentos (BAI), de Fomento Angola (BFA), BIC and Millennium Atlântico – grew by 23% compared to 2015, and in 2016 accounting for around 73% of the sector’s total assets.
The study of the 25 banks operating in Angola in 2016 also reported that net income amounted to 174 billion kwanzas, an increase of around 55% over 2015.
The study reported that the weight of deposits in Angolan currency maintained the growth trend – to the detriment of foreign currency – now accounting for 67% of total deposits.
The total value of customer deposits in the national banking sector reached 7.04 trillion kwanzas in that year, representing growth of 16% over 2015, including the effect of the appreciation of deposits in foreign currency at the official exchange rate.
In relation to net lending to customers, there was also an increase compared to 2015, which amounted to 3.06 trillion kwanzas, or growth of 12% over 2015.
Budget Secretary Aia-Eza da Silva said during the presentation of the study that the assets of commercial banks operating in Angola in 2016 were the equivalent of around 63% of the country’s Gross Domestic Product. (macauhub)
Angola’s banking sector grows by 16% in 2016, Deloitte says
20 October 2017
The value of total assets of banks operating in Angola increased by 16% to 8.70 trillion kwanzas in 2016, compared to 2015, according to a study on the Angolan banking sector presented on Thursday in Luanda by consulting firm Deloitte.
The study entitled “Banking under analysis, new era, new ways” said that the state-owned Banco de Poupança e Crédito continued to lead the list with total assets of 1.69 trillion kwanzas.
The value of the assets of five banks – Poupança e Crédito (BPC), Angolano de Investimentos (BAI), de Fomento Angola (BFA), BIC and Millennium Atlântico – grew by 23% compared to 2015, and in 2016 accounting for around 73% of the sector’s total assets.
The study of the 25 banks operating in Angola in 2016 also reported that net income amounted to 174 billion kwanzas, an increase of around 55% over 2015.
The study reported that the weight of deposits in Angolan currency maintained the growth trend – to the detriment of foreign currency – now accounting for 67% of total deposits.
The total value of customer deposits in the national banking sector reached 7.04 trillion kwanzas in that year, representing growth of 16% over 2015, including the effect of the appreciation of deposits in foreign currency at the official exchange rate.
In relation to net lending to customers, there was also an increase compared to 2015, which amounted to 3.06 trillion kwanzas, or growth of 12% over 2015.
Budget Secretary Aia-Eza da Silva said during the presentation of the study that the assets of commercial banks operating in Angola in 2016 were the equivalent of around 63% of the country’s Gross Domestic Product. (macauhub)
Angola’s banking sector grows by 16% in 2016, Deloitte says
Owendo Port Opens $300 Million Terminal
17 Oct 2017 10.28am
Owendo Port has launched a new multi-purpose and container terminal in a ceremony on October 14, 2017 attended by Gabon’s President Ali Bongo Ondimba.
Singapore-headquartered Portek manages investment and services the Port of Owendo, a port handling RoRo, Container, Vehicles and bulk cargoes.
Working with Gabon’s government, French logistics operator Bolloré Transport & Logistics and agribusiness multinational Olam Group agreed to develop and operate a new terminal through subsidiaries.
Owendo Port aims to start providing an even more competitive service to shipowners, importers and exporters.
Bolloré Transport & Logistics has been active in Gabon's logistics, port terminal and media sectors for more than 70 years.
Owendo Port’s new terminal will accommodate the traffic of container ships as well as conventional and bulk goods, increasing the overall capacity of the Port of Owendo as well as meeting demand generated by Gabon's growing trade.
Bolloré Transport & Logistics subsidiary STCG, which already holds the concession for an existing container terminal, will manage container traffic at the new terminal.
Meanwhile, Olam Group subsidiary GSEZ Ports will provide handling services for conventional, solid and liquid bulk goods.
Olam Group is present in the agricultural sector with oil palm plantations, and has been increasingly involved in industrial, logistical and port infrastructures.
Read a related paper by the Port of Angola on how African ports can rapidly develop terminals that are high quality, efficient and competitive.
Developing dock length, draft and equipment, two platform gantries and four park gantries is helping to bring Owendo's container terminal to the level of international port standards.
Now ships of up to 6,000 TEU will be treated under the productivity conditions required for vessels of this size.
Gabon’s government has launched in recent years an ambitious investment program with public-private partnerships to develop infrastructure in the Libreville region.
Development of the N'Kok Special Economic Zone and the Owendo mineral port has boosted the nation's raw materials exports.
Owendo Port Opens $300 Million Terminal
17 Oct 2017 10.28am
Owendo Port has launched a new multi-purpose and container terminal in a ceremony on October 14, 2017 attended by Gabon’s President Ali Bongo Ondimba.
Singapore-headquartered Portek manages investment and services the Port of Owendo, a port handling RoRo, Container, Vehicles and bulk cargoes.
Working with Gabon’s government, French logistics operator Bolloré Transport & Logistics and agribusiness multinational Olam Group agreed to develop and operate a new terminal through subsidiaries.
Owendo Port aims to start providing an even more competitive service to shipowners, importers and exporters.
Bolloré Transport & Logistics has been active in Gabon's logistics, port terminal and media sectors for more than 70 years.
Owendo Port’s new terminal will accommodate the traffic of container ships as well as conventional and bulk goods, increasing the overall capacity of the Port of Owendo as well as meeting demand generated by Gabon's growing trade.
Bolloré Transport & Logistics subsidiary STCG, which already holds the concession for an existing container terminal, will manage container traffic at the new terminal.
Meanwhile, Olam Group subsidiary GSEZ Ports will provide handling services for conventional, solid and liquid bulk goods.
Olam Group is present in the agricultural sector with oil palm plantations, and has been increasingly involved in industrial, logistical and port infrastructures.
Read a related paper by the Port of Angola on how African ports can rapidly develop terminals that are high quality, efficient and competitive.
Developing dock length, draft and equipment, two platform gantries and four park gantries is helping to bring Owendo's container terminal to the level of international port standards.
Now ships of up to 6,000 TEU will be treated under the productivity conditions required for vessels of this size.
Gabon’s government has launched in recent years an ambitious investment program with public-private partnerships to develop infrastructure in the Libreville region.
Development of the N'Kok Special Economic Zone and the Owendo mineral port has boosted the nation's raw materials exports.
Owendo Port Opens $300 Million Terminal
Frangala
All Star
Tanzania: Barrick in $11m Loss After Securing Money for Tanzania
Tanzania: Mining Company Barrick Reports U.S.$11 Million Loss
Angola's new president takes surprise steps to rein in dos Santos
shyt just got interesting...
@Claudex @Frangala @The Odum of Ala Igbo is it too early?
Angola's new president takes surprise steps to rein in dos SantosLUANDA (Reuters) - Angola’s new President João Lourenço is making swift moves to wrest power from his predecessor Jose Eduardo dos Santos, pushing out some of his key allies and vowing to combat monopolies controlled by a family that has run Angola for four decades.
Dos Santos, 75, handpicked Lourenço, 63, to succeed him when he stepped down last month after 38 years in power, prompting critics to suggest the little-known newcomer would be a puppet of the dominant dos Santos family.
But analysts, diplomats and politicians have been surprised by the speed at which Lourenço has tried to take on some of the entrenched vested interests that control sub-Saharan Africa’s third largest economy and second biggest oil exporter.
Heavyweights from the previous administration, such as Vice President Manuel Vicente and Minister of State Manuel “Kopelipa” Hélder Vieira Dias Jr, have found themselves out of a job.
Dos Santos still retains significant power as the head of the ruling MPLA party, and key posts such as the finance minister and central bank governor have not yet been touched.
But in the vital oil sector, responsible for 75 percent of government revenue, Lourenço curbed the control of dos Santos’ daughter, Isabel, who runs national oil company Sonangol.
This month Lourenço appointed Carlos Saturnino, who was sacked by Isabel dos Santos last year, as Secretary of State for Oil, a technically more senior role than that of his old boss.
“It was unexpected at this early stage,” said Marcolino Moco, a former Angolan prime minister and critic of Jose Eduardo dos Santos.
“It’s very early still, but Lourenço is sending a sign that the excesses of the dos Santos era will not continue.”
Isabel dos Santos, Africa’s richest woman, denied any tension with Lourenço, telling Reuters last week that their views were in “full alignment”.
MONOPOLIES
In his state of the nation address on October 16, Lourenço vowed to break up monopolies in the economy, directly mentioning the cement industry in which Isabel and her husband have large holdings.
He also abolished government communications department GRECIMA, with which a company co-owned by another dos Santos daughter, Welwitschia, had lucrative contracts. The company, Semba Comunicação, could not be reached for comment.
“Breaking the monopolies enjoyed by the dos Santos family would be going for the jugular,” said Ricardo Soares de Oliveira, an author and expert on Angola who teaches at Oxford University.
“But there is a danger of confusing a vendetta against dos Santos with a true reform agenda,” Oliveira said.
Major reform is desperately needed. Although an oil boom has made Angola one of Africa’s richest countries per capita, it is also one of the world’s most unequal, with the vast majority of the population sharing little of its wealth.
Angola’s economy fell into recession last year and unemployment is at least 25 percent. A lack of foreign currency has forced companies, such as airlines and oil services, to pull back operations. A dollar fetches three times the official rate on the black market.
Ratings agency Moody’s downgraded Angola’s credit rating last week, saying the economy remained constrained by foreign currency shortages, high inflation, low public spending and a weak banking system.
There are early indications Lourenço may be placing capable technocrats into roles to fix some of these problems.
Ricardo Viegas de Abreu, a banking executive and former deputy governor of the central bank, was appointed last week Presidential Secretary for Economic Affairs.
José Massano, a former central bank governor popular with international investors, could return to his old job, local media reported Wednesday. A spokesperson for the central bank declined to comment.
For Lourenço’s opponents the jury is still out.
“We’re still in the phase of promises… action hasn’t brought us anything yet,” Adalberto Costa Júnior, parliamentary head of main opposition party Unita, told Reuters.
shyt just got interesting...
@Claudex @Frangala @The Odum of Ala Igbo is it too early?
The Odum of Ala Igbo
Hail Biafra!
Frangala
All Star
A real ballsy move would be if he goes after the daughter Isabel and the son who is in charge of the sovereign wealth fund. If he does that, I know this guy is for real. Can you believe the daughter gets invited to talk about "entrepreneurship" at damn near every African economic panel abroad.
The article hints he has been doing after the daughter a bit.
Frangala
All Star
we will see
Too early! He just put a fukk nikka of the highest caliber in charge of the Central Bank.
It's true he's been making some odd moves, but time has yet to tell if he's playing chess or just moving the pieces about.
You'd be surprised to learn how many people see her as a Steve Jobs/Bill Gates type of entity.
Real brehs know though; that she's more Russian than she is Angolan.
Angolans don't forget though; she once said she started her hustle selling eggs in the streets. nikkas outchea legit hit the: "
Yo I thought that golden goose story was some ol' fairy tale bullshyt." 