Since China’s devaluation of the yuan last month, an estimated $5tn has been wiped off global stock markets. Jolting financial markets, emerging and developing nations have been the hardest hit and have seen their currencies fall to multi-year lows. Albert Essien, the CEO of the pan-African bank EcoBank, joins the programme to discuss the impact on African economies. http://bc05.ajnm.me/665003303001/201508/2957/665003303001_4451892567001_CTC-Clip—Currency.mp4 Source:: Al Jazeera The post China’s currency wars rattle African economies appeared first on African Media Agency.
Author: AMA
Al-Shabab fighters in Somalia have killed “scores” of African Union troops in an attack south of capital, Mogadishu, a spokesman for the armed group told Al Jazeera. The attack in Janaale, in the country’s Lower Shabelle province, early on Tuesday was confirmed by residents, but an exact casualty figure was not immediately available. The assault involved the use of a car bomb, which breached the defences at an African Union Mission in Somalia (AMISOM) base in Janaale, residents told Al Jazeera. Heavily armed fighters then stormed the base. In July, al-Shabab claimed to have killed “dozens” of AMISOM troops at…
Six soldiers have been killed in the Democratic Republic of Congo’s (DRC) North Kivu province, a region where Rwandan Hutu rebels are known to operate, regional and military sources said. The attack took place in Rugari, about 50km north of Goma, the capital of North Kivu. “A Republican Guard jeep was ambushed in Rugari,” said Justin Mukanya, administrator of Rutshuru territory, which lies on the border of Rwanda and Uganda, on Monday. “Six soldiers were killed by a rocket during in the ambush,” he said, indicating that the attackers had not yet been identified but that an inquiry was under…
The Ethiopian highlands are often called “the roof of Africa”. It’s a rugged, breathtakingly beautiful landscape and a discovery in recent years has got precious gem experts around the world excited: opals. Ethiopia’s government has supplied the miners with basic tools and says it wants to improve health and safety standards. Miners who have formed cooperatives told Al Jazeera they have been able to save money to buy cars and houses. Ethiopia’s opal industry currently generates around $25m a year. http://bc05.ajnm.me/665003303001/201508/1940/665003303001_4454171992001_20150831-ethiopia-cst-opal-nostraps.mp4 Al Jazeera’s Charles Stratford reports from the Wollo district in the country’s northeast. Source:: Al Jazeera The post Ethiopia…
Burkina Faso’s Constitutional Council has rejected the chosen nominee of the ousted President Blaise Compaore’s party prompting threats of a boycott of the presidential elections slated to be held in October. Eddie Constance Konboigo, head of Compaore’s Congress for Democracy and Progress party, was among six candidates barred from running on Saturday, along with Gilbert Noel Ouedraogo of the ADF/RDA grouping that was allied to the former leader’s administration. The council provisionally cleared 16 other candidates to contest the polls. Compaore was toppled in October last year and fled into exile in Ivory Coast after a popular uprising triggered by…
Johnny Magdaleno relays that Ethiopia’s Jews see small gains in tolerance. Source:: Al Jazeera
In January 2013, a large part of northern Mali was under the control of Ansar Dine and the rule of Sharia law. The al-Qaeda-linked group imposed a harsh interpretation of Islamic law on the local population. Adulterers were being stoned, thieves mutilated, women forced to wear veils in public, and World Heritage sites were destroyed. The fighters were largely depicted as inhuman in the media, and so when one voice offered a slightly different view, it resonated around the globe. Mauritanian filmmaker Abderrahmane Sissako’s latest movie,Timbuktu, talks about occupation, resistance, extremism, and above all, about humans, including fighters in all…
Deep in the remote countryside of Senegal, a unique arts centre is aiming to bring inspiration to local villagers. It is called “The Thread” – and its ambition is to widen the appeal of modern art, away from its usual hubs of London, New York and Berlin. http://bc05.ajnm.me/665003303001/201508/435/665003303001_4450815211001_20150829-SENEGALART-NHA-nostraps.mp4 Al Jazeera’s Nicolas Haque reports from Sinthian. Source:: Al Jazeera The post Senegal art village hope to attract world designers appeared first on African Media Agency.
The anti-Balaka militia has released 163 children from its ranks in the Central African Republic (CAR), a country where as many as 10,000 youth have been recruited to fight for armed groups since 2013. The children were handed over at a ceremony on Friday in the northern town of Batangafo that was facilitated by the UN children’s agency (UNICEF) and the UN peacekeeping mission (MINUSCA) in the country. The youth were freed from the anti-Balaka group, which still vies with the Seleka rebels for control of this town where some 30,000 people are living in a refugee camp. “The move…
At least 82 people have been killed and more than one hundred others are still missing after a boat, reportedly packed with people from Africa and South Asia bound for Italy, capsized and sunk off the Libyan coast. The Libyan Red Crescent said on Friday it had recovered 82 bodies. Nearly 200 had been rescued, the organisation said. A security official in Zuwarah, a town in the North African nation’s west from where the overcrowded boat had set off, said that there were about 400 people on board. The UNHCR, the UN Agency for refugees, in a statement, released on…