Africa 

Death, destruction, displacement as Cyclone Belna hits Madagascar

Cyclone Belna has hit northwestern Madagascar, with 2 dead and three missing from the first tropical storm of the season, according to local officials. Belna blew into the coastal town of Soalala, where more than 1,400 residents were made homeless because their houses were destroyed, damaged or flooded, Col. Elack Olivier Andriakaja of the national catastrophe management office, said Tuesday.… Read More
Africa 

Madagascar plans higher royalties on nickel, cobalt, at least 20% stake in mining production

ANTANANARIVO (Reuters) – Madagascar plans to increase its royalties on nickel and cobalt to 4% from 2% at present, a draft mining law said on Tuesday. The law, presented to reporters by Mines Minister Fidiniavo Ravokatra, showed that Madagascar also proposes to allow the government to take at least a 20% stake in any marketable mining production. Reporting by Lovasoa… Read More
Africa 

Angolan ex-president’s son on trial in rare corruption case

LONDON (Reuters) – The son of Angola’s veteran ex-president faced corruption charges before the country’s supreme court in a trial which opened on Monday, state news agency ANGOP said, the most high-profile case yet under the government’s anti-corruption drive. Jose Filomeno de Sousa dos Santos, the former head of Angola’s sovereign wealth fund, along with three other defendents including the… Read More
Investments 

African Development Bank and partners inaugurate Shango power substation in Rwanda to facilitate access to the regional electricity market

The African Development Bank, Embassy of Germany in Rwanda and the KfW Development Bank joined the Government of Rwanda to inaugurate the high voltage 188 MVA Shango power substation in the capital Kigali and its related transmission network. The substation is part of the NELSAP Regional Interconnection Project involving Kenya, Uganda, Rwanda, DRC and Burundi. The Rwandan component, at an… Read More
Africa 

Two ex-Algerian Prime Ministers jailed for corruption, activists celebrate

Two former prime ministers of Algeria have been convicted and sentenced to prison for corruption-related charges in a landmark trial. Cheers rose from a crowd of pro-democracy activists who gathered outside the courthouse in Algiers Tuesday to hear the verdict against Ahmed Ouyahia and Abdelmalek Sellal. Ouyahia was sentenced to 15 years in prison and $16,000 in fines. Sellal was… Read More
Africa 

Nigeria: Ex-presidential candidate Omoyele Sowore re-arrested [Morning Call]

Human rights groups called on Monday for the release of a former presidential candidate facing treason charges who was re-arrested a day after being freed from detention on bail. Omoyele Sowore, who ran against President Muhammadu Buhari in an election in February, was first arrested in August and has pleaded not guilty to charges of treason, money laundering and harassing… Read More