Essential The Africa the Media Doesn't Tell You About

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Cool.:ehh:

Hey, what do you think of the young African leaders initiative funded by the U.S.?

nothing really... Its not like its going to have any impact on the continent. Give it a couple of months and people will be asking afican leaders who?
 

TMNT4000

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They need to bring american football in a large scale in Africa, because there is lot of Football stars in the NFL that are from Africa.

It can bring more money and jobs over there and become a big boom for sports in Africa.





Also MMA can also be a big boom for Africa sports.
 
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Tough Nigerian security issues are oiling local empowerment

A MAJOR deal signed between a home-grown Nigerian oil company and one of the world’s largest multinationals in Paris last week highlights a radical change taking place in Africa’s largest economy.

The $1.6bn purchase by Nigerian company Oando of US-based ConocoPhillips’s onshore assets in the West African country is one of the largest transactions in Africa this year, and it catapults Oando into the high-stakes game of upstream oil and gas, with anticipated production of 50,000 barrels of oil a day.

It is the second significant deal to be done in the sector this year. A few months ago, another large local energy player, Seplat, raised $500m in an initial public offering on the London and Lagos stock exchanges. It was the largest listing out of sub-Saharan Africa since Dangote Cement in 2010. Seplat’s fundraising was aimed at acquiring the oil assets of international oil companies, which are divesting from their onshore operations. The company is after Chevron’s assets in Nigeria — for which is it competing with another home-grown oil and gas company, Brittania-U.

International oil companies such as Shell, Total, Eni and Chevron are reducing their onshore presence in Nigeria because of unrest, kidnapping, sabotage of oil pipelines and widespread theft of crude oil. They are redirecting their energies into developing more profitable deep-water blocks, which are less exposed to the problems on land.

But this has been a catalyst for a dramatic turnaround in the fortunes of the indigenous oil industry, opening up opportunities for locals to get a greater stake in a still lucrative industry. Over the past five years, companies such as Oando, Seplat, Shoreline Natural Resources, Seven Energy and Lekoil have jumped in, acquiring assets worth about $11.5bn.

The government, which has conveniently papered over problems in the oil industry by flagging the success of its indigenisation programme, predicts local oil companies will account for about 25% of production within five years, up from 10% this year.

The programme was kick-started by the passing of the Local Content Act in 2010, which was designed to develop local skills across the oil and gas value chain.

Companies have largely dismissed concerns about whether they have the capacity to increase, or even maintain, present levels of production, saying the fact that they have secured the necessary funding shows confidence in their ability to do so.

They are also confident they can rein in the security problems and oil theft by communities and well-organised criminal gangs.

Seplat says there has been no theft at any of its oil operations — in some of the same areas where Shell lost almost $1bn to sabotage last year. The company says it has developed its own model of engagement by hiring locals to provide services and oilfield security. Oando, too, says Nigerian companies do not have the historical baggage with local communities that the oil majors do and are likely to have more success in tackling the serious challenges of operating in the Niger Delta.

Perhaps the local companies will also have more success in getting the government to push ahead with the long-awaited reform of the sector that will give more impetus to the real empowerment of the country’s growing corporate giants.

http://www.bdlive.co.za/opinion/col...-security-issues-are-oiling-local-empowerment
 
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The government, which has conveniently papered over problems in the oil industry by flagging the success of its indigenisation programme, predicts local oil companies will account for about 25% of production within five years, up from 10% this year.

Dont mind this quote. This is misinformation on their part. Nigeria indigenous oil compnaies at the moment account for over 37% of our oil production presently. Current production stands at 865,229 out of 2.3 million daily.

http://allafrica.com/stories/201408070831.html

Nigeria: Indigenous Oil Firms Produce 865,000 Barrels Per Day

By Hamisu Muhammad

Top 20 indigenous oil producing companies have a combined production capacity of 865,229 barrels per day (bpd), according to a report by Africa Oil & Gas.
The report made available at the ongoing Society of Petroleum Engineers (SPE) 2014 meeting in Lagos yesterday shows that, as at May 2014, the companies achieved the feat through individual and equity production.

Top among the list is the National Petroleum Development Company (NPDC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) with gross production of 186,918 bpd from its 10 oil fields.

Seplat is the largest private field operator at the moment with 60,113 bpd from three fields - Ovhor, Sapele and Oben.

Midwestern produces 12,654 bpd from its Umusadege field. Conoil is producing 10,100 bpd from Otuo South field, and Pan Ocean 7500bpd from Ogharefe field.

Other producers are: Moni Pulo 4000bpd, Walter Smith 3800bpd, Niger Delta 3800bpd, Energia 3500 bpd, Pillar Oil 2500 bpd, Amni Petroleum 18000 bpd, Allied Energy 2000bpd, Platform 2000 bpd, Shebah 1500 bpd, Prime Energy 1500 bpd, Dubri 200 bpd, and Shoreline Resources 41,201bpd among others.


The report also revealed Nigeria's top five indigenous natural gas producers with combined capacity of 873.91 million standard cubic feet per day (mmscf/d).

Among the five, NPDC is the largest gas producer with 404.35 mmscf/d, ND Western 322.46 mmscf/d, Seplat 84.1mmscf/d, Frontier 35mmscf/d and Niger Delta 28mmscf/d.

The indigenous producers, who are mostly licensed for marginal oil fields and sole risk, have also increased their productions through joint venture with International Oil Companies operating in the country.

Nigeria currently produces about 2.3 million barrels of oil per day.

Experts said the delay in the award of new marginal oil fields by government has reduced the performance of the indigenous firms.



http://allafrica.com/stories/201408070831.html
 
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Panel probes herbal cure claims for Ebola virus, others

A Scientific Committee on Verification of Herbal Cure Claims set up last year by the National Agency for Food, Drug and Control (NAFDAC) has begun probe of herbal cure claims for Ebola Virus Disease (EVD). CHUKWUMA MUANYA writes.

THERE is no cure for Ebola Virus Disease (EVD), says the World Health Organisation (WHO). But local studies by Nigerian scientists and several foreign researches indicate that plants or rather herbal medicine hold the hope for a globally accepted cure for EVB.

Indeed, researchers have identified asthma herb (Euphorbia hirta), pawpaw (Carica papaya), neem tree (Azadiratcha indica), lemon grass (Cymbopogum citratus), bitter melon (Momordica charantia) and guava (Psidium guajava) extracts as potential cures for viral infections.
In fact a member of the committee inaugurated by the Director General of the National Agency for Food Drug Administration and Control (NAFDAC), Dr. Paul Orhii, to champion the development of herbal medicine through scientific validation of all the cure claims, Dr. Ben Amodu, says he has the cure for EVD.

Amodu, a pharmacist, and his team of researchers from Halamin Herbal centre, 10 George Innih Crescent, Apo District, Abuja and Department of Histopathology and Cytology, Jos University Teaching Hospital (JUTH) Jos, Plateau State, found that the poly herbal preparations strengthen the immune system through many cytokines and chemokines regulations.
The pharmacist said his team is a step closer to a universally accepted cure for Ebola virus, dengue fever and leishmaniasis and that the herbal preparation has also been successfully used, in clinical studies, to treat hepatitis B and C, cancer, diabetes and tuberculosis.

Amodu told The Guardian yesterday: “Base on the fact that our products have been peer reviewed for denque fever and other similar viral fever and published and currently the combination of our products SAABMAL, DAABS 2 & SAAAB are currently undergoing peer review for EVD for publications. Our products have lots of positive effects on Ebola virus.”

NAFDAC DG also confirmed to The Guardian yesterday that Amodu has samples of hispoly herbal preparations for the treatment of EVD to the Scientific Committee on Verification of Herbal Cure Claims.

Also, the executive director of the Bio-resources Development and Conservation Programme, Prof. Maurice Iwu, has given reasons why bitter kola (Garcinia kola) can stop EVD. Iwu, a professor of Pharmacognosy from the University of Nigeria Nsukka (UNN) said that an extract derived from the seeds of bitter kola could inhibit Ebola virus in cell culture at non-toxic concentrations.

Botanically known as Garcinia kola, bitter kola belongs to the plant family Guttifereae. In Nigeria it is called oje in Bokyi, edun or efiari in Efik, efrie in Ejagham-Ekin, cida goro in Hausa, efiat in Ibibio, emiale in Icheve, igoligo in Idoma, aku-ilu or ugolo in Ibo, akaan in Ijo-Izon, okain in Isekiri, and orogbo in Yoruba.

The results of the study were first presented in 1999 at the 16th International Botanic Congress in St Louis, Missouri, United States. The report also published by the BBC indicated that ‘bitter cola (Garcinia kola), a plant widely used in traditional African medicine may contain a compound that is effective against Ebola virus disease.’

Iwu and his colleagues identified Garcinia kola as a possible source of drugs using the method called Corbel (clinical observation-based ethnomedical lead).

Extracts from Garcinia kola seeds were tested against many complex viral diseases. The active compound, now known to be a bioflavonoid, was found to be active against a wide range of viruses including the influenza virus.

Iwu told The Guardian recently: “The active substance is an extract from bitter kola called Kolaviron, which contains bioflavonoids and prenylated xanthones and benzophenones.

“Work was done while a scientist at the Division of Experimental Therapeutics of Walter Reed Army Institute of Research Washington DC in collaboration with Southern Research Institute (SRI).

“But no follow up. Others at Ibadan and other Nigerian universities have done follow-up work on Kolaviron.”

Phytochemical screening of the extracts of bitter kola revealed the presence of some bioactive components like alkaloids, saponins, tannins, anthraquinones and cardiac glycosides. These components determine the antibacterial activity of the seed and leaf extracts.


The results from the study published in Journal of Orthopaedic Surgery and Research by medical doctors, pharmacists and nurses at Obafemi Awolowo University Teaching Hospital (OAUTH) provides scientific evidence that Garcinia kola has the capability of inhibiting the growth of pathogenic micro-organisms; thus it will be useful in tropical medicine for the treatment of microbial infections.

The herbal preparations that have been identified to provide the elusive cure for Ebola virus disease, Dengue fever and Leishmaniasis are made predominantly with bitter leaf (Vernonia amygdalina), bitter cola (Garcinia kola), garlic (Allium sativum), neem tree (Azadiratcha indica), guava (Psidium guajava), lemon grass (Cymbopogum citratus), water yam (Dioscorea alata), corn/maize (Zea mays), sesame (Sesamum indicatum), Aloe vera (Aloe barbadensis), sugar cane, (Saccharum officinarum), and Green amaranth (Amaranthus caudatus, inine in Ibo, tete abalaye in Yoruba




http://ngrguardiannews.com/sunday-m...bes-herbal-cure-claims-for-ebola-virus-others

The media is making it look like africans are helpless and are not doing anything to deal with this ebola virus. This is to show that work is being done on the continent by
Africans to find a cure.
 

TMNT4000

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Its unfortunate. The Congo at the moment is truly a mess. I truly hope there will be some skill transfer and the revenue from the oil is used to develop the nation.

Plus at the moment congo does not have the indigenous capacity to produce their own oil, so outside help is the only way.
Why doesn't other Africans like Nigeria, Kenya, or others own resources at the Congo? They have the skills for it.
 

Lord Scion

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Oh a growing african vacation spot, if you'd like to invest early

Mauritius

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Mauritius is a place I must visit before I die, at least before it grows into a major tourist spot. I've been looking at pictures of it for a while like:ohhh::wow: Port Louis (I think it was the name) look damn near ethereal
 

TTT

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Dan Gertler is a shady character based on media reports i have read about his dealings in the Congo. He was in the diamond trade before and that industry is choke full of Glencore type companies. I am skeptical about any gain they may get out of these deals that they failed to get from other mining deals. The guy was trading diamonds from Liberia and Angola when he was 22 and those countries were some of the notorious blood diamond trade


Here is a full profile of the guy in Bloomberg

http://www.bloomberg.com/news/2012-...llions-as-mine-deals-leave-congo-poorest.html
 
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