The Economist (September 15)
“Debt stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the countries in sub-Saharan Africa. The risk of a crisis is growing.”
Tags: Africa, China, Construction projects, Crisis, Debt, Dollar bonds, GDP, Investors, Murky, Sub-Saharan, Syndicated loans, Yield
The Economist (July 14)
“Throughout rural parts of South Asia and Africa…mini-grids are increasingly seen as one of the most promising ways of connecting the 1.1bn people in the world who still lack access to electricity.” According to the World Bank, this will also require “microfinance and vocational training” to help users make the best use of electrification.
Tags: Access, Africa, Electricity, Electrification, Microfinance, Mini-grids, Promising, Rural, South Asia, Vocational training, World Bank
The Economist (December 9)
“Under President Jacob Zuma, the state is failing. Contracts are awarded through bribes and connections; ruling-party members murder each other over lucrative government jobs; crooks operate with impunity.” South Africa’s “people deserve better” than the Zuma corruption or his wife who now seeks to replace him as President. “The rainbow nation still has the potential to be a beacon of prosperity and good governance in Africa, but memories of its hopeful birth are a melancholy counterpoint to its dark present. The best chance for recovering that optimism is a victory for Mr Ramaphosa.”
Tags: Africa, Bribes, Connections; Ruling party, Corruption, Crooks, Failing, Governance, Impunity, Ramaphosa, South Africa, Zuma
BBC (June 18)
“Coffee production in Ethiopia, the birthplace of the high quality Arabica coffee bean and Africa’s largest exporter, could be in serious jeopardy over the next century unless action is taken.” According to a study by Kew Gardens, “current coffee growing areas in Ethiopia could decrease by up to 60% given a temperature rise of 4C by the end of the century.”
Tags: Action, Africa, Arabica, Coffee, Ethiopia, Exporter, Global warming, Jeopardy, Serious, Temperature
Newsweek (November 13)
“Poor vision is not a life-threatening condition,” but it affects 4.3 billion people worldwide and “is having a seismic impact on the economic and social development of countries around the world. A landmark report by Access Economics recently demonstrated that current rates of poor vision are costing the global economy an estimated $3 trillion a year—roughly equal to the gross domestic product of Africa.”
Tags: Access Economics, Africa, Economic and social development, GDP, Global economy, Life-threatening condition, Vision
Financial Times (January 29)
Though the Zika virus has been present in Africa since at least 1947, it only “arrived in South and Central America over the past two years and is now proliferating rapidly.” In addition to alarming the World Health Organization with its explosive growth, Zika has investors worried. “Shares in cruise operators and airlines took a hit on Thursday amid growing concerns that the virus could dissuade tourists from heading to the Caribbean.”
Tags: Africa, Airlines, Caribbean, Cruise operators, Investors, Proliferating, South America, Tourists, WHO, Zika
New York Times (October 15)
“India is a vigorous democracy that has sent an orbiter to Mars. Yet its children are more likely to starve than children in far poorer nations in Africa. In a remarkable failure of democracy, India is the epicenter of global malnutrition: 39 percent of Indian children are stunted from poor nutrition.”
Washington Post (July 27)
After great devastation, the Ebola crisis appears to be winding down in Africa. “Now it is time to confront another hard problem: addressing the weaknesses in global response that allowed the virus to spread so rapidly. Without the urgency of another outbreak, national governments and the World Health Organization will be disinclined to change the way they do business. But change they must, or there will be another wave of disease, panic and unnecessary death.”
Tags: Africa, Change, Death, Devastation, Disease, Ebola, Global response, Outbreak, Panic, Urgency, WHO
New York Times (April 20)
“The high season of migration from Africa to Europe has begun, bringing with it a new wave of tragic drownings in the Mediterranean…. Unless Europe acts to reform its policy on migration, 2015 could be the deadliest year yet for the thousands of people who fled to Libya from conflict-torn regions across the Middle East and Africa, only to find Libya equally dangerous.”
Tags: Africa, Conflict, Dangerous, Deadliest, Drownings, Europe, Libya, Mediterranean, Middle East, Migration
Washington Post (January 24, 2014)
“France’s counterterrorism operations in Africa deserve U.S. support.” Though the U.S. is now largely disengaged from the area, West Africa continues to be a hot bed of al-Quaeda activity. Fortunately, France has moved to fill the vacuum and will likely have 3,000 troops stationed in the region by year end. “For the government of François Hollande, this is a costly and risky initiative, and it deserves strong support from the United States.”
Tags: Africa, Al-Quaeda, Costly, Counterterrorism, Disengagement, France, Initiative, Risky, Support, Troops François Hollande, U.S., Vacuum, West Africa
