Essential The Africa the Media Doesn't Tell You About

[The Odum of Ala Igbo]

This is good news.

Give that man another term

 

[MikelArteta]

The American University of Nigeria is decent. As is the University of Nigeria at Nsukka

what about unilag

 

[The Odum of Ala Igbo]

what about unilag

University of Ibadan is better than that cult school

 

[Bawon Samedi]

Give that man another term

Still waiting on the supposed land reform and ultimately prefer the EFF.

 

[AB Ziggy]

Kenya's Risk of Defaulting on Debts has Increased, Warns IMF

Kenya’s Risk of Defaulting on Debts has Increased, Warns IMF
By Richard Kamau / Thursday, 25 Oct 2018 06:47AM / 0 Comments / Tags: debt distress, external debt, IMF

The country’s risk of defaulting on loan repayments has risen from low to moderate, the International Monetary Fund (IMF) has said.

According to the Washington-based lender, this has been occasioned by the government’s public investment drive and revenue shortfalls in recent years.

IMF forecasts that Kenya’s total public debt will peak at 63.2 percent of gross domestic product this year and gradually decline over the medium term. This compares with 58 percent in 2017 and 53.2 percent in 2016, when the nation ramped up infrastructure projects.

“The higher level of debt, together with rising reliance on non-concessional borrowing, have raised fiscal vulnerabilities and increased interest payments on public debt to nearly one fifth of revenue, placing Kenya in the top quartile among its peers”, the IMF said in an emailed statement on Tuesday.

The IMF recommended Kenya’s Treasury to refinance debt using concessional loans to lengthen maturities in the coming year and limit commercial credit for projects with high social and economic returns.

The lender also urged the central bank to allow “greater exchange-rate flexibility,” given well-anchored inflation expectations and adequate reserves, saying this would boost the shilling’s role as a potential shock absorber.

The IMF reclassified the shilling from “floating” to “other managed arrangement” to reflect the currency’s limited movement due to periodic central bank interventions. The currency, which has the fourth-best performance globally, is also overvalued by about 17.5 percent, it said.

The central bank reiterated its position on the shilling’s value, saying the currency reflects its true and fundamental value.

“Our calculations support the view that there is no fundamental misalignment reflected in our exchange rate,” it said as quoted by Bloomberg.

 

[The Odum of Ala Igbo]

Kenya's Risk of Defaulting on Debts has Increased, Warns IMF

Kenya’s Risk of Defaulting on Debts has Increased, Warns IMF
By Richard Kamau / Thursday, 25 Oct 2018 06:47AM / 0 Comments / Tags: debt distress, external debt, IMF

The country’s risk of defaulting on loan repayments has risen from low to moderate, the International Monetary Fund (IMF) has said.

According to the Washington-based lender, this has been occasioned by the government’s public investment drive and revenue shortfalls in recent years.

IMF forecasts that Kenya’s total public debt will peak at 63.2 percent of gross domestic product this year and gradually decline over the medium term. This compares with 58 percent in 2017 and 53.2 percent in 2016, when the nation ramped up infrastructure projects.

“The higher level of debt, together with rising reliance on non-concessional borrowing, have raised fiscal vulnerabilities and increased interest payments on public debt to nearly one fifth of revenue, placing Kenya in the top quartile among its peers”, the IMF said in an emailed statement on Tuesday.

The IMF recommended Kenya’s Treasury to refinance debt using concessional loans to lengthen maturities in the coming year and limit commercial credit for projects with high social and economic returns.

The lender also urged the central bank to allow “greater exchange-rate flexibility,” given well-anchored inflation expectations and adequate reserves, saying this would boost the shilling’s role as a potential shock absorber.

The IMF reclassified the shilling from “floating” to “other managed arrangement” to reflect the currency’s limited movement due to periodic central bank interventions. The currency, which has the fourth-best performance globally, is also overvalued by about 17.5 percent, it said.

The central bank reiterated its position on the shilling’s value, saying the currency reflects its true and fundamental value.

“Our calculations support the view that there is no fundamental misalignment reflected in our exchange rate,” it said as quoted by Bloomberg.

 

[Premeditated]

I never realized Gabon had a good gdp
for almost 2 million folks, there gdp is $15 billion. per capita is $19 thousand a year. I didn't know they were next to DRC either.hopefully theire wealth spread out.I don't really look at maps. They have the most Gorillas is the world too.

 

[loyola llothta]

As Dictator Kagame Unmasked, It Is Time to Reveal the Canadian Connection
October 26, 2018

Canada’s paper of record pulled another layer off the rotting onion of propaganda obscuring the Rwandan tragedy. But, the Globe and Mail has so far remained unwilling to challenge prominent Canadians who’ve crafted the fairy tale serving Africa’s most ruthless dictator.

Two weeks ago a front-page Globe article added to an abundance of evidence suggesting Paul Kagame’s RPF shot down the plane carrying President Juvénal Habyarimana, which sparked the mass killings of spring 1994. “New information supports claims Kagame forces were involved in assassination that sparked Rwandan genocide”, noted the headline. The Globe all but confirmed that the surface-to-air missiles used to assassinate the Rwandan and Burundian Hutu presidents came from Uganda, which backed the RPF’s bid to conquer its smaller neighbour. (A few thousand exiled Tutsi Ugandan troops, including the deputy minister of defence, “deserted” to invade Rwanda in 1990.) The new revelations strengthens those who argue that responsibility for the mass killings in spring 1994 largely rests with the Ugandan/RPF aggressors and their US/British/Canadian backers.

Despite publishing multiple stories over the past two years questioning the dominant narrative, the Globe has largely ignored the Canadians that shaped this Kagame-friendly storyline. I’ve written a number of articles detailing Roméo Dallaire’s important role in this sordid affair, but another widely regarded Canadian has offered significant ideological support to Kagame’s crimes in Rwanda and the Congo.

As Deputy Executive Director of UNICEF in the late 1990s Stephen Lewis was appointed to a Panel of Eminent Personalities to Investigate the 1994 Genocide in Rwanda and the Surrounding Events. Reportedly instigated by US Secretary of State Madeleine Albright and partly funded by Canada, the Organization of African Unity’s 2000 report, “The Preventable Genocide”, was largely written by Lewis recruit Gerald Caplan, who was dubbed Lewis’ “close friend and alter ego of nearly 50 years.”

While paying lip service to the complex interplay of ethnic, class and regional politics, as well as international pressures, that spurred the “Rwandan Genocide”, the 300-page report is premised on the unsubstantiated claim there was a high level plan by the Hutu government to kill all Tutsi. It ignores the overwhelming logic and evidence pointing to the RPF as the culprit in shooting down the plane carrying President Habyarimana and much of the army high command, which sparked the mass killings of spring 1994.

On Invoking Rwanda to Attack Syria
The report also rationalizes Rwanda’s repeated invasions of the Congo, including a 1,500 km march to topple the Mobutu regime in Kinshasa and subsequent re-invasion after the government it installed expelled Rwandan troops. That led to millions of deaths during an eight-country war between 1998 and 2003.

In a Democracy Now interview concerning the 2000 Eminent Personalities report Lewis mentioned “evidence of major human rights violations on the part of the present [Kagame] government of Rwanda, particularly post-genocide in the Kivus and in what is now the Democratic Republic of the Congo.” But, he immediately justified the slaughter, which surpassed Rwanda’s 1994 casualty toll. “Now, let me say that the [Eminent Personalities] panel understands that until Rwanda’s borders are secure, there will always be these depredations. And another terrible failure of the international community was the failure to disarm the refugee camps in the then-Zaire, because it was an invitation to the génocidaires to continue to attack Rwanda from the base within the now- Congo. So we know that has to be resolved. That’s still what’s plaguing the whole Great Lakes region.”

An alternative explanation of “what’s plaguing the whole Great Lakes region” is US/UK/Canada backed Ugandan/RPF belligerence, which began with their invasion of Rwanda in 1990 and continued with their 1996, 1998 and subsequent invasions of the Congo. “An unprecedented 600-page investigation by the UN high commissioner for human rights”, reported a 2010 Guardian story, found Rwanda responsible for “crimes against humanity, war crimes, or even genocide” in the Congo.

Fifteen years after the mass killing in Rwanda in 1994 Lewis was still repeating Kagame’s rationale for unleashing mayhem in the Congo. In 2009 he told a Washington D.C. audience that “just yesterday morning up to two thousand Rwandan troops crossed into the Eastern Region of the Congo to hunt down, it is said, the Hutu génocidaires.”

A year earlier Lewis blamed Rwandan Hutu militias for the violence in Eastern Congo. “What’s happening in eastern Congo is the continuation of the genocide in Rwanda … The Hutu militias that sought refuge in Congo in 1994, attracted by its wealth, are perpetrating rape, mutilation, cannibalism with impunity from world opinion.”

In 2009 the Rwanda News Agency described Lewis as “a very close friend to President Paul Kagame.” And for good reason. Lewis’ has sought to muzzle any questioning of the “RPF and U.S.-U.K.-Canadian party line” on the tragedy of 1994. In 2014 he signed an open letter condemning the BBC documentary Rwanda’s Untold Story. The 1,266 word public letter refers to the BBC’s “genocide denial”, “genocide deniers” or “deniers” at least13 times. Notwithstanding Lewis and his co-signers’ smears, which gave Kagame cover to ban the BBC’s Kinyarwanda station, Rwanda the Untold Story includes interviews with a former chief prosecutor at the International Criminal Tribunal for Rwanda (ICTR), a former high-ranking member of the United Nations Assistance Mission in Rwanda and a number of former Rwandan Patriotic Front (RPF) associates of Kagame. In “The Kagame-Power Lobby’s Dishonest Attack on the BBC 2’s Documentary on Rwanda”, Edward S. Herman and David Peterson write: “[Lewis, Gerald Caplan, Romeo Dallaire et al.’s] cry of the immorality of ‘genocide denial’ provides a dishonest cover for Paul Kagame’s crimes in 1994 and for his even larger crimes in Zaire-DRC [Congo]. … [The letter signees are] apologists for Kagame Power, who now and in years past have served as intellectual enforcers of an RPF and U.S.-U.K.-Canadian party line.”

Recipient of 37 honorary degrees from Canadian universities, Lewis has been dubbed a “spokesperson for Africa” and “one of the greatest Canadians ever”. On Africa no Canadian is more revered than Lewis. While he’s widely viewed as a champion of the continent, Lewis has backed Africa’s most bloodstained ruler.

It is now time for the Globe and Mail to peel back another layer of the rotting onion of propaganda and investigate Canadian connections to crimes against humanity in Rwanda, Congo and the wider Great Lakes region of Africa.

The original source of this article is Yves Engler
Copyright © Yves Engler, Yves Engler, 2018

 

[loyola llothta]

Thousands rally in DR Congo against use of electronic machines in key polls
Thousands rally in DR Congo against use of electronic machines in key polls

@Frangala

i wonder who suggest this method

 

[The Odum of Ala Igbo]

i wonder who suggest this method

That dastardly Kabila. Apparently, he has ties to the company doing the electronic voting. Kabila thinks he's smart shaaa

 

[Premeditated]

Tanzania might start manufacturing smartphones and other gadgets now.

East Africa: Ipp to Open First EA Smartphones Plant in Dar

TANZANIA has become the first country in East Africa to produce smartphones, thanks to 11.5bn/- investment between IPP Group of Companies and Dubai based Touchmate.

The company, IPP Touchmate Limited, the first in East Africa region, will produce 1,200 smartphones a day at its initial stage and employ some 2,000 people, majority being those with physical disabilities.

According to IPP Chairman Dr Reginald Mengi, the firm will make various affordable electronic gadgets, including home appliances to enable many to own them.

"We will begin production of smartphones and later laptops, smart watches, tablets, Bluetooth speakers and home appliances," Dr Mengi told a packed news conference yesterday.

He said they have studied the market thoroughly and are ready to offer competitive products, high quality and durable in the market of international standard.

"We are ready to compete with importers of similar electronic gadgets in Africa in a unique way. Our products are made taking into consideration rural Africa electrification challenges," Dr Mengi said.

He named such products as smartphones that can store power for seven days and some will double as power banks to charge other electronic gadgets to cater for rural electrification challenges.

The IPP Chairman said the tablet will formed to help TCRA fight cybercrime, being conducted through promoting prostitution, deception and all other behaviours that lead to moral decay in the society.

"We have decided to take serious actions against all culprits of social media," he said, adding, he will start receiving names of all people who are suspected to be performing homosexual acts.

The doors will be open for a period of one week from Monday October 29 to Sunday, November 4. The names should be sent direct to his mobile phone number 0682 009 009.

And, as of yesterday, the RC said he had received more than 5,763 messages with more than 100 names of people engaged in homosexuality.

Mr Makonda said the problem of people promoting prostitution and homosexuality is alarming and that the regional administration has no reason to sit back and relax.

"We shall take action against all who will be found responsible of promoting and circulating pornographic footage on social media," he said.

He went on to explain that they will hold a crackdown to arrest those who are engaging in the immoral acts that are also prohibited by the laws of the land.

b...b....but he's making them pay fees for blogs

 

[Bawon Samedi]

Tanzania might start manufacturing smartphones and other gadgets now.


b...b....but he's making them pay fees for blogs

Im BACK on the Tanzania hype train. Dont like the govt but heck I didnt like the former Ethiopia govt andnI visited that country and that govt is steadily building Ethiopia.

At least Tanzania and Ethiopia have ruthless govts that want to build the nation like China instead of govts filled wit nepotism and cronyism.

 

[Red Shield]

Im BACK on the Tanzania hype train. Dont like the govt but heck I didnt like the former Ethiopia govt andnI visited that country and that govt is steadily building Ethiopia.

At least Tanzania and Ethiopia have ruthless govts that want to build the nation like China instead of govts filled wit nepotism and cronyism.

you shoulda never got off.

like I said... save all that moral high road shyt for when the cake is finally done

 

[Bawon Samedi]

I am VERY PROUD of you both yall country.

@How Sway? @AB Ziggy

 

[phcitywarrior]

Im BACK on the Tanzania hype train. Dont like the govt but heck I didnt like the former Ethiopia govt andnI visited that country and that govt is steadily building Ethiopia.

At least Tanzania and Ethiopia have ruthless govts that want to build the nation like China instead of govts filled wit nepotism and cronyism.

My next East Africa must include Tanzania in addition to Kenya, Rwanda and Uganda.