Reuters | @SABCNews Angolan state oil company Sonangol will keep its stakes in Portugal’s Galp Energia and Millennium bcp lender as it considers them strategic assets, Sonangol CEO Sebastiao Gaspar Martins told Reuters on Wednesday. With a 19.49% stake, Sonangol is Millennium bcp’s second-largest shareholder after China’s Fosun, which controls 29.95% of the capital in Portugal’s largest listed bank. The…
By ARNALDO VIEIRA Angola President João Lourenço has formed a working group to draft a national plan to ban plastics to address environmental degradation and regulate the production and use of non-biodegradable products. In a presidential order, quoted by state-owned Jornal de Angola, Mr Lourenço states that there are “worrying levels of pollution resulting from the…
By AGGREY MUTAMBO Africa’s elections have either been improving or regressing. It largely depends on who you ask. Doubters say a recent outbreak of coups and coup attempts suggests low belief in elections as a means of choosing leaders. Proponents argue that the frequency of elections shows that people and politicians are now more confident…
Emergency teams are on high alert after 50mm of rainfall was forecast for KwaZulu-Natal. The rain could lead to flooding, authorities cautioned. Orange Level 9 and Level 5 warnings were issued. KwaZulu-Natal disaster management teams are on high alert after heavy rainfall was forecast for the province. The South African Weather Service issued an Orange…
West Africa has seen coups and military takeovers in three countries in 2022. Like those of the past, they came with promises of a quick return to civilian regimes once socio-economic and political challenges had been met. The challenges are usually listed as inept governance, corruption, rising insecurity and popular revolts amid economic hardship. One view of governance on…
On top of a R2 petrol price cut taking effect this week, a lower oil price and a stronger rand are lining motorists up for another sizeable cut in February. While it is still too early in the month to call prices for February 2023, early data from the Central Energy Fund (CEF) is pointing…
The Pietermaritzburg Economic Justice and Dignity (PMBEJD) group says that the South African government should introduce a special ‘back to school’ grant in the country to assist parents with preparations for getting their kids ready for the new school year. “We advocate that the government provides some type of additional grant allocation every January to…
By Mary HarperBBC News, Daallo Mountain The three kings of the biblical nativity carried three precious gifts to mark the birth of Jesus – but a modern-day gold rush in Somaliland is putting the ancient perfume trade in frankincense and myrrh at risk. “The gold, frankincense and myrrh brought by the three wise men to…
By Rédaction Africanews and AP EGYPT The Egyptian pound tumbled on Wednesday in its largest single-day slide since the cash-strapped government agreed to a $3 billion International Monetary Fund deal in mid-December, authorities said. The pound fell from around 24.7 for $1 to just over 26.3 against the dollar, some three weeks after Egypt and…