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AdvertisementThe world could mint its first trillionaire within a decade as the majority of us gets poorer, according to a new report. The prediction came in Oxfam's annual inequality report, published on Monday to coincide with the World Economic Forum in Davos, Switzerland. The predicted trillionaire would represent an unprecedented high-water mark in levels of global inequality that even now are starker than ever, the report said. Oxfam makes regular headlines with its annual wealth inequality report, which in recent years has made some jarring assessments. The report's calculations are based on Forbes' "Real-Time Billionaires" list and UBS' Global Wealth Report of 2023.
Persons: , Bernard Arnault, Jeff Bezos, Warren Buffett, Larry Ellison, Elon Musk, Rachel Riddell, Forbes, Charles Kenny Organizations: Oxfam, Service, World Economic, NPR, UBS, Global, Center for Global Development, World Bank Locations: Davos, Switzerland, Saharan Africa
The sexiest new hotels for 2024
  + stars: | 2024-01-05 | by ( Julia Buckley | ) edition.cnn.com   time to read: +23 min
This list tries to do just that – spotlight the hotels opening (or reopening, as one of them is) in 2024 that make us want to visit for the hotel alone. Properties with a little bit of oomph – the sexy hotels of 2024, as we like to call them. For spring 2024, Costa Rica’s on the cards, with this beachfront hotel at surfer central Santa Teresa, on the Pacific Coast. Existing ones have been refurbished, and new pool villas, suites and bungalows have been added to the mix. Pool villas are cute cabins with patio doors opening on the open-to-the-elements plunge pools, while the bungalows will be wood-clad, tropical spaces.
Persons: Will, , that’s, King Charles, Maria, Casa Lucia Argentina, swank, Kit Kemp, Kibale, Queen Elizabeth, George, Gran, Palazzo Cordusio, Cordusio, There’s, Emanuele II, Mina Al, Ras, Anantara Mina Al Arab, Ras Al Khaimah, Mina Al Arab, Al Riffa, Mollie's, who’ll, KAI Akiu, Hoshino, Rupert Peace, Michel Rojkind, Moxy Banff, Marie, they’re, Philippe Kjellgren, It’ll, Aman, you’ve, you’ll, Roma, Romeo Roma, Romeo, starchitect Zaha Hadid, Rome’s Piazza, Costa Rica’s Organizations: CNN, Casa Lucia, Bacan, Leinster, Collins, Gran Meliá, Milan, Galleria, Tunisia –, Soho, Manchester TV, Beatles, Granada Studios, Old Granada Studios, Soho House, Resorts, Michelin, Guadalupe, Moxy, VW, Brisbane . Tourism, Queensland, Casa, Hoxton, Popolo, Princeton, Hotels, Ivy League, Mercure, Darwin, Training Academy Locations: Matca, Transylvania, Romania, Romanian, Brașov, Maria, Helsinki, Finland, Buenos Aires, Argentina, Retiro, Dublin, Ireland, Merrion, Georgian Dublin, Uganda, Rwanda, Queen, Edward, Milan, Italy, Meliá, Piazza, Duomo, Ras Al Khaimah, UAE, Arabian, Dubai, Ras Al, Oman, Mina, Al, Tunisia, Douz, Sahara, Matmata, Manchester, Japan, Tokyo, Akiu, Sendai, superlatives, Kempinski, Dresden, Germany, grande, Taschenbergpalais, Baja California, Mexico, Valle, Mexican, Valle de Guadalupe, Canada, Banff, Brisbane, Australia, Brisbane ., Dios, Peru, Casa, Andina, Brazil, Bolivia, Peruvian, Folegandros, Greece, Santorini, , Hoxton Vienna, Austria, Hoxton, Vienna, Ennismore, Landstrasse, Sainte, Marie, Madagascar, Aman Nai, Bangkok, Thailand, Aman, Nai Lert, Thai capital’s, Rome, Naples, starchitect, New Jersey, Santa Teresa, Costa Rica, Morocco, Coast, Darwin, Larrakia, Northern Territory
Venom from snakes can cause internal bleeding, attack the nervous system, and even stop the heart. Making anti-venom is an expensive multi-step process yielding life-saving but inaccessible cures. AdvertisementThe World Health Organization reported that between 4.5 and 5.4 million people get bitten by snakes annually. Anti-venom can save the lives of thousands, but anti-venom isn't always widely available. The process of producing anti-venom is a multilayered and dangerous process involving horse blood, high-tech labs, and, of course, handling some of the most toxic snakes in the world.
Persons: Organizations: Service, Health Organization Locations: snakebites, India, Saharan Africa
It will see suspended payments repaid from 2027 to 2029 after a grace period from 2025 to 2026, the Paris Club said in a statement, noting that the deal was reached on Nov. 23. If Ethiopia does not get an IMF staff-level agreement by March 31, the official creditor committee "reserves the right to declare the suspension null and void", the Paris Club said. The Paris Club said 10 of its members were on Ethiopia's official creditor committee, which is co-chaired by France and non-Paris Club member China. Other non-Paris Club committee members are India, Kuwait, Poland, Saudi Arabia and Turkey. "We welcome the recent announcement of an interim standstill agreement with official creditors," the IMF spokesperson added.
Persons: Tellimer, Patrick Curran, Rachel Savage, Rodrigo Campos, Alex Richardson, Toby Chopra, Kirsten Donovan Organizations: International Monetary Fund, Paris Club, French Treasury, Ethiopian, IMF, Club, OCC, China, Thomson Locations: JOHANNESBURG, China, Addis Ababa, Tigray, Ethiopia, France, India, Kuwait, Poland, Saudi Arabia, Turkey
... Acquire Licensing Rights Read moreLITTLETON, Colorado, Dec 1 (Reuters) - A boom in clean power electricity generation has helped push Europe's forward power prices to their lowest levels since before Russia's invasion of Ukraine in 2022 severed natural gas pipeline flows and sent the region's power prices surging. CLEAN POWER CONVICTIONA major driver behind the subdued power price outlook has been the sharp rise in clean power capacity development across Europe in recent years, and widespread confidence that much further clean power development will emerge in the years ahead. EXTENDED LEADEurope's clean power share ranks second behind Latin America (65%) among major regions, and sharply exceeds the clean power share in North America (47%), Asia (33%) and Africa (25%). Clean power supply expansions are planned throughout every region, but strong government and societal support for an accelerated energy transition means Europe will likely be the largest clean power developer outside China for the remainder of this decade, according to the International Energy Agency (IEA). If those expected clean power expansions materialise, Europe's power prices may decline further and could help the region fulfil its ambitions of becoming a major clean energy hub to rival China.
Persons: Gavin Maguire, Miral Organizations: America, International Energy Agency, European Union, South East, Reuters, Thomson Locations: Cestas, France, Europe, LITTLETON , Colorado, Ukraine, Germany, North America, Asia, Africa, China, United States, Saharan Africa, South, South East Asia
CAPE TOWN, South Africa (AP) — Researchers in South Africa say they have rediscovered a species of mole with an iridescent golden coat and the ability to almost “swim” through sand dunes after it hadn't been seen for more than 80 years and was thought to be extinct. The De Winton's golden mole -- a small, blind burrower with “super-hearing powers” that eats insects -- was found to be still alive on a beach in Port Nolloth on the west coast of South Africa by a team of researchers from the Endangered Wildlife Trust and the University of Pretoria. With the help of a sniffer dog, the team found traces of tunnels and discovered a golden mole in 2021. But because there are 21 species of golden moles and some look very similar, the team needed more to be certain that it was a De Winton's. Golden moles are native to sub-Saharan Africa and the De Winton's had only ever been found in the Port Nolloth area.
Persons: hadn't, , Samantha Mynhardt, ‘ you’re, Winton's, Mynhardt, , Esther Matthew Organizations: , Wildlife Trust, University of Pretoria, Associated Press, ___ AP Locations: CAPE, South Africa, Port Nolloth, African, Saharan Africa, Guatemala, Djibouti, ___, africa
[1/4] Olympic and Paralympic track star Oscar Pistorius leaves court after appearing for the 2013 killing of his girlfriend Reeva Steenkamp in the North Gauteng High Court in Pretoria, South Africa, June 14, 2016. REUTERS/Siphiwe Sibeko/Files Acquire Licensing RightsJOHANNESBURG, Nov 24 (Reuters) - South African former Paralympic star Oscar Pistorius, jailed nine years ago for killing his girlfriend Reeva Steenkamp, was granted parole on Friday effective from Jan. 5. His total sentence was lengthened to six years in 2016, less than half the 15-year minimum term sought by prosecutors. In 2017, the Supreme Court more than doubled his total sentence to 13 years and five months, saying the six-year jail term was "shockingly lenient". Pistorius was denied parole in March after it was ruled that he had not completed the minimum detention period required to be considered for parole.
Persons: Oscar Pistorius, Reeva Steenkamp, Siphiwe, Pistorius, Steenkamp, Mr Pistorius, Rob Matthews, I'm, Oscar, Matthews, Bhargav Acharya, Tannur Anders, Nick Macfie, Toby Chopra, Andrew Heavens Organizations: North, North Gauteng High Court, REUTERS, Rights, Paralympic, Appeal, Department of Correctional Services, Pistorius, Rehabilitation, Constitutional, Thomson Locations: North Gauteng, Pretoria, South Africa, Rights JOHANNESBURG
Olympic and Paralympic track star Oscar Pistorius leaves court after appearing for the 2013 killing of his girlfriend Reeva Steenkamp in the North Gauteng High Court in Pretoria, South Africa, June 14, 2016. REUTERS/Siphiwe Sibeko/Files Acquire Licensing RightsJOHANNESBURG, Nov 24 (Reuters) - South Africa's former Paralympic star Oscar Pistorius, jailed in 2014 for killing his girlfriend Reeva Steenkamp, will get another chance for an early release at a parole hearing on Friday. He was sent back to jail for six years in 2016 after a High Court sentence, which was less than half the 15-year minimum term sought by prosecutors. Several factors are typically taken into account by a parole board before inmates are released on parole. Pistorius was denied parole in March after it was ruled that he had not completed the minimum detention period required to be considered for parole.
Persons: Oscar Pistorius, Reeva Steenkamp, Siphiwe, Pistorius, Steenkamp, Singabakho Nxumalo, Conrad Dormehl, Bhargav Acharya, Olivia Kumwenda, Ken Ferris Organizations: North, North Gauteng High Court, REUTERS, Rights, Paralympic, Appeal, South Africa's Department of Correctional Services, Correctional, Reuters, Atteridgeville Correctional, Constitutional, Thomson Locations: North Gauteng, Pretoria, South Africa, Rights JOHANNESBURG, Atteridgeville
Factbox-The Big Topics That Will Define Congo's Election
  + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +5 min
But despite its wealth of copper, cobalt and other resources, little is passed down to ordinary Congolese. Tshisekedi has sought to rein in China's 70% share of Congo's mining sector by re-negotiating that and other contracts. Risk-averse companies that had previously avoided Congo's mining sector due to instability are taking a second look as new opportunities to tap into its minerals emerge. Nearly 7 million people are displaced in Congo as of June, the International Organization for Migration said, up 17% from October 2022. Opposition parties said registrations were skewed by the national election commission to favour Tshisekedi's ruling coalition.
Persons: Edward McAllister DAKAR, Felix Tshisekedi's, Tshisekedi, Joseph Kabila, Zaynab Hoosen, Tshisekedi's, China's CMOC, Maja Bovcon, Kabila, Gecamines, Bovcon, Martin Fayulu, Moise Katumbi, Denis Mukwege, Edward McAllister, Ange Kasongo, Sonia Rolley, Bate Felix, Christina Fincher Organizations: Democratic, International Monetary Fund, Notre, Congolese, United Nations, International Organization for Migration, Oxford Economics, Islamic State, Allied Democratic Forces, Cooperative for, Senior, Catholic Church Locations: Democratic Republic of Congo, Saharan Africa, Kinshasa, Oxford Economics Africa, Congo, China, North Kivu, DR Congo
The IMF approved a tweaked deal, but official creditors again rejected it, Zambia said. The country's External Bondholder Steering Committee said it was deeply concerned with recent developments and that its latest offer would provide more debt relief than official creditors on a net present value basis, as well as a principal haircut when official creditors were offering none. The Common Framework has been severely criticised, as it is yet to provide any countries with debt relief. "If the OCC does not row back, sovereign debt restructuring would have taken a huge step backwards," said a second source familiar with the situation. Ghana, which is also undergoing Common Framework debt treatment, saw its international bonds slump up to 1.4 cents on the dollar .
Persons: Yuri Gripas, Rachel Savage, Karin Strohecker, Bhargav Acharya, Marc Jones, Libby George, Alexander Winning, William Maclean, Bernadette Baum Organizations: Monetary Fund, REUTERS, International Monetary Fund, IMF, OCC, Government, Paris Club, Thomson Locations: Washington , U.S, Zambia Zambia, Ghana, Sri Lanka, JOHANNESBURG, Zambia, China, Base, France, India, London
Iraq becomes EBRD shareholder, Senegal and Ghana apply to join
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsLONDON, Nov 16 (Reuters) - Iraq has become the 74th member of the European Bank for Reconstruction and Development, the multilateral lender said on Thursday, while Ghana and Senegal have also applied to join. Iraq first submitted its request to join the bank in 2018, and its shareholder status enables it to apply to become a recipient economy, which would unlock EBRD finance and policy support. "When the time comes, we are looking forward to starting work in Iraq, applying our expertise to developing its economy," EBRD President Odile Renaud-Basso said in a statement. Renaud-Basso told Reuters that Senegal and Ghana had submitted applications to join the bank in the latest sign of its push into sub-Saharan Africa.
Persons: Alishia, Odile Renaud, Basso, Renaud, Libby George, Marc Jones, Christina Fincher Organizations: European Bank for Reconstruction, REUTERS, Reuters, Ukraine, Thomson Locations: Canary Wharf, London, Britain, Iraq, Ghana, Senegal, Saharan Africa, Benin, Ivory Coast, Europe, East, North Africa, Asia
At the 45th session of the World Heritage Committee in September, UNESCO announced five new locations had joined the list of World Heritage Sites, taking sub-Saharan Africa’s total over 100 for the first time. Rwanda’s first two World Heritage Sites were named among 42 new entries worldwide. Vegetation in Rwasenkoko, Nyungwe National Park, one or Rwanda's two new UNESCO World Heritage Sites. CNLG/Courtesy UNESCOThere are currently 1,199 World Heritage sites, benefitting from the conservation agreements and tourism that come with that status. One is that some nations were slow to ratify the 1972 World Heritage convention, allowing them to submit applications for World Heritage status.
Persons: CNN —, Rwanda’s, Bale, Vande weghe, Lazare Eloundou Assomo, There’s, , Eloundou Assomo, , Yonas, Assomo, “ It’s Organizations: CNN, World Heritage Committee, UNESCO, Heritage, World, Getty, , World Heritage Fund Locations: Nyamata, Eastern, Odzala, Republic of Congo, Saharan Africa, Africa, Burundi, Comoros, Djibouti, Equatorial Guinea, Eswatini, Guinea, Bissau, Liberia, Sao Tome, Principe , Sierra Leone, Somalia, South Sudan, Rwasenkoko, Gisozi, Rwanda, Algeria, Egypt, Libya, Mauritania, Morocco, Sudan, Tunisia, Republic of the Congo, Cameroon, Uganda, Buganda, Kasubi, Kampala, Ethiopia, Bissagos
UKRAINE DIVERSIONReuters spoke to around a half dozen Czech and Polish defence companies and government officials who described renewed efforts to carve out a bigger share of the African arms market as the Ukraine conflict diverts Russia's attention. Privately-held defence and civil manufacturing company Czechoslovak Group - the biggest Czech defence company - said its ability to maintain and modernize armoured vehicles using Soviet-era standards has helped it win business in Africa. ...in Poland where our stand was visited by numerous delegations from African countries that appeared here for the first time," WB Group spokesman Remigiusz Wilk said. The effort to supply Ukraine has pushed Czech companies to boost production and expand supply lines, something Czech-based independent defence analyst Lukas Visingr said has burnished the region's reputation. "The Czech arms industry is stepping up its efforts towards certain African countries still using Soviet-style equipment but who start to see Russia as a problematic supplier," Visingr said.
Persons: David W Cerny, Jiri Hynek, Filip Kulstrunk, Andrej Cirtek, Pieter Wezeman, Sebastian Chwalek, , Remigiusz Wilk, Petr Fiala, Tomas Pojar, Tomas Kopecny, Kopecny, Lukas Visingr, Visingr, Michael Kahn, Anna Koper, Alex Richardson Organizations: Aero Vodochody, REUTERS, Western, Central, Russia Czech, Defence, Western NATO, Warsaw, Defence and Security Industry Association of, Reuters, Aero, Privately, Czechoslovak Group, CSG, Stockholm International Peace Research Institute, WB Group, WB, Ivory, Thomson Locations: Odolena Voda, Czech Republic, Russia, Africa, PRAGUE, WARSAW, European, Western, Czechoslovakia, Czech, UKRAINE, Polish, Ukraine, Stockholm, China, Saharan Africa, Poland's, Poland, Ethiopia, Kenya, Ghana, Prague, Mozambique
JOHANNESBURG/LONDON, Nov 15 (Reuters) - Zambia's official creditors including China rejected a deal the country struck with its international bondholders because they believed its "base case" scenario did not deliver debt relief comparable to what they offered in a separate deal, two sources familiar with the talks said. Official creditors said the agreement in principle, which the International Monetary Fund (IMF) also rejected, did not comply with "Comparability of Treatment", said the sources, who declined to be identified as the discussions are private. Both bondholders and official creditors had proposed extending the maturity of Zambia's debt and that it be paid back quicker if the country's economy performs better than expected. The bondholder deal proposed they would be paid more than $700 million before 2026 in the base case, while official creditors had offered a longer three-year grace period. Bondholders would need to offer more debt relief in the base case scenario for the deal to be acceptable to official creditors and the IMF, one of the sources said.
Persons: Rachel Savage, Karin Strohecker, Marc Jones, Alexandra Hudson Organizations: International Monetary Fund, IMF, Paris Club, Alexandra Hudson Our, Thomson Locations: JOHANNESBURG, LONDON, China, Zambia
So the method the foundation is working on with a biotech company is a pill that needs to be taken only monthly. It contains the same types of hormones that are in a daily pill, so the same set of side effects would apply. Another hot spot for innovation is in injectables, like the Depo-Provera shot, Vogelsong said. ”Injectables aren’t very popular in the U.S., but they are the No. 1 method used in many countries in sub-Saharan Africa for a variety of reasons,” she noted.
Persons: Ed Cara, , Wang, Kirsten Vogelsong, Melinda Gates, Vogelsong, I’ve Organizations: Melinda Gates Foundation Locations: injectables, U.S, Saharan Africa
Reuters GraphicsMuch of China's growing rescue lending is denominated in renminbi, the report found, with loans in the Chinese currency overtaking U.S. dollars in 2020. Overdue payments to Chinese lenders have also risen. The arrangement is controversial because it gives China debt seniority, meaning other lenders, including multilateral development banks, could get paid second during any coordinated debt relief. Half of its non-emergency lending in 2021 was syndicated loans, 80% of that alongside Western banks and international financial institutions. Loan commitments to African countries fell from 31% of the total in 2018 to 12% in 2021, while lending to European countries almost quadrupled to 23%.
Persons: Tingshu Wang, AidData, Xi Jinping, , Mary, Brad Parks, Rachel Savage, Clare Baldwin, Tomasz Janowski Organizations: REUTERS, Rights, Beijing, Initiative, People's Bank of China, State Administration of Foreign Exchange, Mary university, Reuters, Thomson Locations: Beijing, China, Rights JOHANNESBURG, HONG KONG, U.S, Sri Lanka, Zambia, renminbi, Africa
[1/3] Ukrainian Foreign Minister Dmytro Kuleba looks on during his meeting with his South African counterpart Naledi Pandor, as they hold a joint press conference in Pretoria, South Africa, November 6, 2023. Jacoline Schoonees/DIRCO/Handout via REUTERS Acquire Licensing RightsPRETORIA, Nov 6 (Reuters) - South Africa is recalling diplomats from Israel to assess its relationship with the country amid a rise in civilian casualties from its war with the Palestinian militant group Hamas, its foreign minister said on Monday. South Africa does not have an ambassador in Israel. The country is "extremely concerned at the continued killing of children and innocent civilians" in the Palestinian territory, the foreign minister said. Over 1,400 people were killed by Hamas in the deadly Oct. 7 attack on southern Israel, which South Africa has condemned, while also calling for the return of hostages.
Persons: Dmytro Kuleba, Naledi, Jacoline, Naledi Pandor, Cyril Ramaphosa, Pandor, Carien du Plessis, Tannur Anders, Bhargav, Promit Mukherjee, Christina Fincher Organizations: Ukrainian Foreign, REUTERS Acquire, Rights, Palestinian, Hamas, ., Cairo Peace, United Nations, Ukrainian, Thomson Locations: Pretoria, South Africa, Handout, Rights PRETORIA, Israel, Africa, Palestine, Cairo, Gaza, Russia, Ukraine
The Fourniers sold their mask in September of 2021 to a second-hand dealer for 150 euros, court documents show. The mask is an extremely rare artifact of great spiritual value to the Gabonese people, Betoe Bi Evie told CNN. It was through this information that the dealer was able to deduce the origins of the mask, Mansat Jaffré, the lawyer, told CNN. “We think he (the dealer) already had an idea at the back of his head, and that he knew the mask was rare,” Mansat Jaffré told CNN. However, as the Ngil mask at the center of the ongoing trial wasn’t held in a public collection, Gabon cannot demand its restitution from France.
Persons: Fournier, Fournier’s, René, Victor Edward Maurice Fournier, Frédéric Mansat Jaffré, , , Mr Fournier’s, Olivia Betoe Bi Evie, Betoe Bi Evie, Betoe, Evie, Jaffré, Mansat Jaffré, Solange Bizeau, weren’t, Emmanuel Macron, Omar Tall, Mali –, wasn’t Organizations: France CNN, CNN, Gabonese, BFMTV, , Senegal’s Museum of Black Civilizations, restitutions Locations: Paris, France, Central Africa, Gabonese, Gabon, , Gabonese State, Africa, Saharan Africa, restituted, Benin, Senegal, Chad, Madagascar, Ivory Coast, Ethiopia, Mali
First launched in 2000, the African Growth and Opportunity Act (AGOA) grants exports from qualifying African countries duty-free access to the United States - the world's largest consumer market. African countries are pushing for an early 10-year extension without changes to reassure businesses and investors. A recent push in the U.S. Senate is aiming to pass a quick AGOA renewal. 'FORWARD-LOOKING VISION'Over $10 billion worth of African exports entered the United States duty free last year under the programme. More than 80% of duty-free non-petroleum AGOA exports, for example, have come from just five countries - South Africa, Kenya, Lesotho, Madagascar and Ethiopia - in recent years.
Persons: Antony Blinken, Jonathan Ernst, Joe Biden's, Biden, Blinken, Katherine Tai, Cyril Ramaphosa, Harriet Ntabazi, We've, Ntabazi, Carien du, Tannur Anders, Alexander Winning, Nick Macfie Organizations: Hamas, Joint Base Andrews, REUTERS, U.S . Senate, United States Congress, United, U.S . International Trade Commission, U.S . Trade, U.S ., Central African, Thomson Locations: Israel, Gaza, Washington, East, Asia, Joint Base Andrews , Maryland, U.S, JOHANNESBURG, United States, Africa, China, Johannesburg, South Africa, Kenya, Lesotho, Madagascar, Ethiopia, Gabon, Niger, Uganda, Central African Republic, AGOA, Carien du Plessis
JOHANNESBURG (AP) — The extension of the U.S. program allowing sub-Saharan African countries duty-free access to U.S. markets is expected to be high on the agenda of the U.S. Africa Growth and Opportunity Act (AGOA) trade forum that will begin in South Africa on Thursday. AGOA is U.S. legislation that allows sub-Saharan African countries duty-free access to the U.S. market provided they meet certain conditions, including adherence to the rule of law and the protection of human rights. In May, Biden threatened to remove Uganda from AGOA and impose sanctions following the passing of a controversial anti-gay law. They also called on the forum to be held in a different country to send a message to South Africa about the impact of its close ties to Moscow. An inquiry appointed by President Cyril Ramaphosa has since cleared South Africa of supplying Russia with arms.
Persons: Katherine Tai, Joy Basu, Joe Biden, , John Stremlau, AGOA, Ebrahim Patel, Biden, Ofwono Opondo, Yoweri Museveni, Cyril Ramaphosa, Ramaphosa, ___ Rodney Muhumuza Organizations: U.S, U.S ., African, Congress, Republicans, Central African, Republican, Democratic Locations: JOHANNESBURG, U.S, U.S . Africa, South Africa, Johannesburg, Niger, Uganda, Central African Republic, Gabon, Africa, South, AGOA, U.S . South Africa, Cuba, Iran, Russia, Ukraine, Moscow, Kampala
[1/2] Kenyan workers check clothes made for export at the United Aryan Export Processing Zone (EPZ) factory, operating under the U.S. African Growth and Opportunity Act (AGOA), in Ruaraka district of Nairobi, Kenya October 26, 2023. REUTERS/Thomas Mukoya Acquire Licensing RightsNov 1 (Reuters) - South Africa will host the annual African Growth and Opportunity Act (AGOA) Forum in Johannesburg from Nov 2-4 to discuss the United States' flagship trade programme for the continent. The African Growth and Opportunity Act is a U.S. trade initiative passed in 2000 under former President Bill Clinton to deepen trade ties with Sub-Saharan Africa and help African countries develop their economies. AGOA provides duty-free access to the U.S. market for most agricultural and manufactured products exported by eligible African countries. African countries are pushing for an early 10-year extension without changes in order to reassure businesses and investors who might have concerns over AGOA's future.
Persons: Thomas Mukoya, Bill Clinton, AGOA, Nellie Peyton, Joe Bavier, Alexander Smith Organizations: United Aryan, Processing, U.S ., REUTERS, WHO, AGOA, U.S . Trade, Thomson Locations: Ruaraka district, Nairobi, Kenya, South Africa, Johannesburg, United States, U.S, Saharan Africa, Ghana, Lesotho, Madagascar, Ethiopia, AGOA .
WASHINGTON (Reuters) - U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program. Biden said he was taking the step because of "gross violations" of internationally recognized human rights by the Central African Republic and Uganda. He also cited Niger and Gabon's failure to establish or make continual progress toward the protection of political pluralism and the rule of law. "Despite intensive engagement between the United States and the Central African Republic, Gabon, Niger, and Uganda, these countries have failed to address United States concerns about their non-compliance with the AGOA eligibility criteria," Biden said in a letter to the speaker of the U.S. House of Representatives. Biden said he intends to terminate the designation of these countries as beneficiary sub-Saharan African countries under the AGOA, effective Jan. 1, 2024.
Persons: Joe Biden, Biden, Jasper Ward, Matthew Lewis Organizations: WASHINGTON, Central African, U.S . House, Representatives Locations: Gabon, Niger, Uganda, Central African Republic, United States, U.S, Washington
REUTERS/Ken Cedeno Acquire Licensing RightsWASHINGTON, Oct 30 (Reuters) - U.S. President Joe Biden said on Monday that he intends to end the participation of Gabon, Niger, Uganda and the Central African Republic in the African Growth and Opportunity Act (AGOA) trade program. Biden said he was taking the step because of "gross violations" of internationally recognized human rights by the Central African Republic and Uganda. He also cited Niger and Gabon's failure to establish or make continual progress toward the protection of political pluralism and the rule of law. "Despite intensive engagement between the United States and the Central African Republic, Gabon, Niger, and Uganda, these countries have failed to address United States concerns about their non-compliance with the AGOA eligibility criteria," Biden said in a letter to the speaker of the U.S. House of Representatives. Biden said he intends to terminate the designation of these countries as beneficiary sub-Saharan African countries under the AGOA, effective Jan. 1, 2024.
Persons: Janet Yellen, Joe Biden, Antony Blinken, Walter E, Ken Cedeno, Biden, Jasper Ward, Matthew Lewis Organizations: Africa, Food Security, Food Systems, Washington Convention Center, Washington , D.C, REUTERS, Rights, Central African, U.S . House, Representatives, Thomson Locations: Washington ,, Gabon, Niger, Uganda, Central African Republic, United States, U.S, Washington
RABAT, Oct 29 (Reuters) - Four explosions late on Saturday in the city of Smara in Morocco-controlled Western Sahara killed one man and injured three others, local authorities said. The blasts damaged two houses, authorities said in a statement, without adding further details. Morocco considers Western Sahara its own territory, but the Algerian-backed Polisario Front wants an independent state there. Morocco has said autonomy is the most it can offer to the territory as a political solution. Twenty-eight other countries - mostly African and Arab - have opened consulates in Dakhla or the city of Laayoune, in what Morocco sees as tangible support for its Western Saharan rule.
Persons: Ahmed Eljechtimi, Bernadette Baum Organizations: Western, Polisario Front, UN, Polisario, UN Security, Thomson Locations: RABAT, Smara, Morocco, Western Sahara, Algerian, Polisario, Algeria, U.S, Dakhla, Laayoune
REUTERS/Johanna Geron Acquire Licensing RightsABUJA, Oct 29 (Reuters) - German Chancellor Olaf Scholz said on Sunday his country was willing to invest in gas and critical minerals in Nigeria, Africa's largest oil producer, as he started a two-nation visit to sub-Saharan Africa. "There is a willingness to invest, especially in critical minerals," Scholz told reporters at a joint briefing with Nigerian President Bola Tinubu in the capital Abuja. "If we are successful, if there is a better chance of exporting the produced gas ... it is then the question for German companies to do their private business," said Scholz. Tinubu said he had "a very deep discussion" on the issue of gas and encouraged German businesses to invest in pipelines in Nigeria. Without giving details, Scholz said there was also a willingness from German companies to build railways in Nigeria.
Persons: Olaf Scholz, Johanna Geron, Scholz, Bola Tinubu, Tinubu, Felix Onuah, Andreas Rinke, MacDonald Dzirutwe Organizations: European Union, REUTERS, Rights, West African, ECOWAS, Thomson Locations: Brussels, Belgium, Rights ABUJA, Nigeria, Saharan Africa, Berlin, Abuja, Niger, Gabon
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