archives : September 2010


Panafrica - Kenya - Nigeria - Brazil
Africa is the place to go for the “frontier market investor” who is seeking a new investment venue with a high rate of return, says Donald Elefson, portfolio manager for the Harding Loevner Frontier Emerging Markets Fund, which invests the largest amount of its multi-billion dollar fund — about 33 percent — in Africa. - Friday 24 September 2010

Presidential aspirant and former Economic and Financial Crimes Commission boss Nuhu Ribadu has begun his campaign with a promise that no one will be safe from prosecution under his regime including members of his opposition Action Congress of Nigeria (ACN). - Friday 24 September 2010

Egypt - International
The campaign to succeed President Hosni Mubarak is in full swing. Tuesday, a demonstration against the candidacy of his son Gamal saw protests erupt in Cairo and Alexandria despite the National Democratic Party (NDP) announcing their support for Hosni Mubarak’s candidacy. Mohamed ElBaradei, the most prominent politician in the opposition, wants to put pressure on the government for a Constitutional reform that would enable him run. With a year to go before the presidential election, the Egyptian political scene has shifted into overdrive. - Friday 24 September 2010

Four crew members aboard the Bourbon Alexandre (three French and one Thai), a French vessel, were abducted off the coast of Nigeria. Yesterday, in a statement, the Movement for the Emancipation of the Niger Delta (MEND) claimed to have located the hostages and were negotiating with their captors for a transfer of the men to their custody. Paris wants to track the kidnappers. - Thursday 23 September 2010

Uganda’s electoral commission which is currently making final arrangements for the 2011 general and presidential elections in the country, has been overwhelmed by the big number of people aspiring to stand for president. - Thursday 23 September 2010

Ghana - United Kingdom - International
Somerset House in England’s capital played host to the just ended bi-annual London Fashion Week, an opportunity for top designers from every corner of the globe to display their Autumn/Winter collections on runway shows, and impress buyers with their latest trends. Ozwald Boateng was there to prove why he has become a household name in traditional tailoring. - Thursday 23 September 2010

Fear of looming rebellion is gripping Burundi following the discovery of fourteen bodies, some of them mutilated with machetes, in a river west of Burundi’s capital Bujumbura. The Central African nation is still recovering from a 12-year civil war. - Thursday 23 September 2010

Panafrica - Morocco
Twenty years after hosting the African Cup of Nations, Morocco has left no stone unturned to bring the games back to the northern African kingdom. They intend to host the games either in 2015 or 2017. But analysts believe that Morocco’s bid to host the games in 2015 could be rejected due to the CAN administration’s culture of alternating between Northern and Southern countries. - Thursday 23 September 2010

Panafrica - United States
Today the United States Court of Appeals for the District of Columbia issued an injunction protecting funds from the Road Home Program so that displaced homeowners can have an opportunity to show that Louisiana and HUD have distributed recovery funds in a discriminatory manner. The Road Home program is an $11 billion federally-funded program established by the Department of Housing and Urban Development (HUD) and the Louisiana Recovery Authority (LRA), now the Office of Community Development, to assist residents affected by Hurricanes Rita and Katrina to rebuild and return to their homes. HUD is responsible for overseeing Louisiana’s use of federal disaster recovery funding and assuring that the funds are used to promote equal housing opportunity. - Thursday 23 September 2010

United States
After two years of being under contract without any official album release date in sight, an unidentified rapper has just released an independent project under a new moniker. Renaming himself X Parallel and concealing his identity to avoid any potential repercussions, he has decided to strike out on his own without the backing of his label. - Wednesday 22 September 2010

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