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Promising African Development Fund Collapses – New York Times (blog)

Promising African Development Fund Collapses – New York Times (blog)

Today that program, the Southern Africa Enterprise Development Fund, is in its death throes, apparently victimized by mismanagement, insider dealings and a lack of oversight by federal officials. Current and former fund officials are fighting over money, and the eventual cost to American taxpayers of the fund’s missteps could run into the tens of millions […]

Yoga in Africa – New York Times (blog)

The language of yoga is universal. That is the message of Robert Sturman, an artist from Santa Monica, Calif., who has traveled across the United States to capture the tranquillity and beauty of yoga. A month ago, Mr. Sturman traveled to Kenya to document the work of the Africa Yoga Project, a nonprofit organization that […]

Google Backs First Africa Clean Power and May Invest in More – Bloomberg

Google Backs First Africa Clean Power and May Invest in More – Bloomberg

Google Inc. (GOOG), which has invested more than $1 billion in renewable-energy projects, is considering spending more on clean power in Africa after backing its first solar project on the continent. Google, based in Mountain View, California, put $12 million in the $260 million Jasper solar project in South Africa that will have 96 megawatts […]

South Africa’s Zuma seeks calm at mines, triggering rand fall – Reuters

By Jon Herskovitz PRETORIA | Thu May 30, 2013 10:42am EDT PRETORIA (Reuters) – South African President Jacob Zuma tried to play down the effect of labor unrest on the economy on Thursday but managed to trigger a nearly 3 percent plunge in the rand against the dollar instead. In a hastily convened news conference […]

South Africa Warns of Attacks on Immigrants – ABC News

South Africa Warns of Attacks on Immigrants – ABC News

The South African government is urging its citizens to be vigilant amid a possible resurgence of violence against immigrants. The Cabinet said Thursday that early evidence suggested criminals were behind the violence and cautioned against labeling the recent wave of attacks as xenophobic. The Cabinet statement appeared to be trying to downplay comparisons to mob […]

S Africa president: Econ. affected by mining problems – Press TV

“When our mining sector is in difficulties, this affects the wider economy, leading to industrial slowdown,” Zuma said on Thursday. Reports say that South Africa’s economy witnessed a growth of about 0.9 % percent in the first quarter of this year which is considered to be a weak recovery for the continent’s biggest economy […]

South Africa’s Zuma seeks calm at mines; rand falls – Reuters

By Jon Herskovitz PRETORIA | Thu May 30, 2013 9:11am EDT PRETORIA (Reuters) – South African President Jacob Zuma appealed on Thursday for a fair and speedy outcome to tense wage talks in the mining sector, but the rand fell further after his attempt to soothe investor concerns. In a hastily convened news conference two […]

UBS Hunts for Hidden Billionaires as It Expands in Africa – Bloomberg

UBS Hunts for Hidden Billionaires as It Expands in Africa – Bloomberg

UBS AG (UBSN), the Swiss bank seeking to boost profit from wealth management, said it plans to expand in Africa as economic growth rates surpassing 5 percent boost demand for banking services from the continent’s rich. “Wealth management is key to the Africa franchise,” Sean Bennett, the Johannesburg-based managing director of UBS in sub-Saharan Africa, […]

If it works in Africa, it’ll work anywhere: Kenya’s hard-as-nails BRCK modem … – ZDNet

BRCK, the ‘backup generator to the internet’. Image: Ushahidi Ushahidi, the Kenyan not-for-profit organisation behind the development of the BRCK communications device, hopes that its success in raising funds through Kickstarter to develop the product will help to spur more hardware innovation in Kenya and other parts of Africa. The BRCK, […]

South Africa warns of possible resurgence of attacks on immigrants – Fox News

JOHANNESBURG –  The South African government is urging its citizens to be vigilant amid a possible resurgence of violence against immigrants. The Cabinet said Thursday that early evidence suggested criminals were behind the violence and cautioned against labeling the recent wave of attacks as xenophobic. The Cabinet statement appeared to be trying to downplay comparisons […]