Car Bomb Hits Mogadishu

[East African] Mogadishu -Somali authorities were Monday evening interrogating suspects behind an explosion at Hamarweyne, Mogadishu’s oldest district.

[East African] Mogadishu -Somali authorities were Monday evening interrogating suspects behind an explosion at Hamarweyne, Mogadishu's oldest district.

source: AllAfrica News: Somalia

Gunfire Erupts In Cities as Soldiers Mutiny

[Al Jazeera] Gunfire has erupted in several cities in Ivory Coast, according to witnesses, as the military presses an operation aimed at ending a mutiny by soldiers demanding bonus payments.

[Al Jazeera] Gunfire has erupted in several cities in Ivory Coast, according to witnesses, as the military presses an operation aimed at ending a mutiny by soldiers demanding bonus payments.

source: AllAfrica News: Cote d'Ivoire

In the Eye of a Storm – Top Central Banker Speaks

[The Conversation Africa] Central banks everywhere play a critical role in shaping the direction of a country’s economy. The South African Reserve Bank is the central bank of South Africa. Its main mandates are to ensure financial and economic stabilit…

[The Conversation Africa] Central banks everywhere play a critical role in shaping the direction of a country's economy. The South African Reserve Bank is the central bank of South Africa. Its main mandates are to ensure financial and economic stability and to regulate the banking sector. It achieves the first through monetary policy which involves targeting inflation to prevent borrowing costs from rising and competitiveness of the economy from deteriorating. But the bank has been criticised for focusing too much on curbing inflat

source: AllAfrica News: South Africa

Wanjiru, Kiplagat Target Podium Places in London

[Nation] Former world champion Edna Kiplagat and London Marathon title holder Daniel Wanjiru say they are happy with their selection to Kenya’s team to the IAAF World Championships in London with Kiplagat gleefully targeting a hat-trick of global victo…

[Nation] Former world champion Edna Kiplagat and London Marathon title holder Daniel Wanjiru say they are happy with their selection to Kenya's team to the IAAF World Championships in London with Kiplagat gleefully targeting a hat-trick of global victories.

source: AllAfrica News: Kenya

Stop The Threats, Electoral Body Warns Opposition Alliance

[Nation] The electoral commission has defended its appeal against a ruling to have the presidential election results at the constituency deemed as final, even as it warned against what it said were threats to its independence.

[Nation] The electoral commission has defended its appeal against a ruling to have the presidential election results at the constituency deemed as final, even as it warned against what it said were threats to its independence.

source: AllAfrica News: Kenya

President Seeks U.S.$35bn More to Extend Railway to Kisumu

[Nation] Kenya is seeking an additional Sh370 billion ($3.59 billion) Chinese loan to extend the standard gauge railway (SGR) from Naivasha to Kisumu, pushing the total cost of President Uhuru Kenyatta’s pet project to Sh847 billion.

[Nation] Kenya is seeking an additional Sh370 billion ($3.59 billion) Chinese loan to extend the standard gauge railway (SGR) from Naivasha to Kisumu, pushing the total cost of President Uhuru Kenyatta's pet project to Sh847 billion.

source: AllAfrica News: Kenya

Imported Maize ‘Was Mexican Stock Stored in South Africa’

[Nation] Fresh intrigues hit the importation of 330,000 bags of maize into the country when it emerged that the consignment was a surplus of an old stock purchased by South Africa last year when it was experiencing food shortages.

[Nation] Fresh intrigues hit the importation of 330,000 bags of maize into the country when it emerged that the consignment was a surplus of an old stock purchased by South Africa last year when it was experiencing food shortages.

source: AllAfrica News: Kenya

Fuel Price Set To Go Up

A few days after the Energy Regulation Board approved the adjustment of electricity tariffs, the agency is on the verge of hiking fuel pump price by nearly 50%. According to information obtained, the price of fuel will possibly be increased … Continued

The post Fuel Price Set To Go Up appeared first on Zambia Reports.

A few days after the Energy Regulation Board approved the adjustment of electricity tariffs, the agency is on the verge of hiking fuel pump price by nearly 50%. According to information obtained, the price of fuel will possibly be increased by the end of this week. But opposition United Progressive People’s party president Saviour Chishimba has opposed this decision saying it will affect the poor. BELOW IS SAVIOUR CHISHIMBA’S STATEMENT ON FUEL HIKES URGENT APPEAL TO THE PF GOVERNMENT NOT TO INCREASE THE PUMP PRICE OF FUEL BY 48% THIS WEEK We, in the United Progressive People (UPP), urgently and seriously urge the PF regime not to increase the Pump Price of Fuel by 48% this week. UPP pleaded with the Government in December, 2016 not to increase the Pump Price of fuel to K21 per litre and we were happy that our advice was heeded to. Nonetheless, it would appear to us that whenever the PF regime decides on a particular course of action it leaves no room for counsel on issues that affect Zambians. The 48% increase, as we have learned from sources, will bring to pass what we exposed last year. There is no country in the history of the world that ever drove the economy out of recession by increasing the cost of doing business. The people of Zambia are already struggling and aggregate demand in our economy continues to drop. Chicken sales have dropped by 30% because the cost of living has gone up sharply and suddenly. The drop in the consumption of consumer goods is an early warning sign of doom. The PF has continued on a ruinous path of raising income taxes, increasing tariffs, imposing costly toll gates, among other harsh actions while maintaining the salaries of civil servants, defense and security personnel at the same level. Our balance of payment remains unfavourable with a trade deficit of close to K1 billion. Jobs are dwindling and all other indicators on social mobility are in a decline mode. Meanwhile, our nation continues to contract huge debts and yet there is no tangible change in the living conditions of ordinary citizens because more than 50% of borrowed funds have lined the pockets of the PF regime through corruption in partnership with bogus Chinese contractors. Under the #BringBackOurMoney! anti corruption crusade, UPP urges the people of Zambia to demand accountability from the PF regime. Let us ask the government #ShowUsOurMoney! Where have the billions of Eurobond dollars gone? Where have the billions of dollars borrowed from other nations, banks, individuals and institutions gone? Surely, the poor quality roads, which are being washed away are not worth over US$10 billion in debt. The people of Zambia are now being subjected to high taxes and tariffs to pay for the corruption they have not benefited from. The corruption of the PF regime is the very reason why they have lost the moral duty to govern – hence the call for early elections in 2018. Otherwise, Zambia will be driven into deeper troubles of which it will take many years to come out. Corruption cannot continue to be entertained as the way of doing business. Justice on the K345 million Maizegate saga is still being delayed through various tactics. We have been calling the Chief Justice on this matter for over a month now. God bless our nation! Saviour Chishimba UPP PRESIDENT The post Fuel Price Set To Go Up appeared first on Zambia Reports.

source: Zambia Reports

Cost Of Living Drops By K40 In Zambia – Catholic Agency

JESUIT Centre for Theological Reflection (JCTR) has disclosed that the cost of living for a family of five in Lusaka has reduced by more than K40 due to a general decline in food prices. Announcing the latest JCTR “Basic Needs … Continued

The post Cost Of Living Drops By K40 In Zambia – Catholic Agency appeared first on Zambia Reports.

JESUIT Centre for Theological Reflection (JCTR) has disclosed that the cost of living for a family of five in Lusaka has reduced by more than K40 due to a general decline in food prices. Announcing the latest JCTR “Basic Needs Basket†(BNB), which normally takes into account the cost of living for a family of five across 15 major urban towns in the country, the cost of living for a family of five in Lusaka was recorded as K4,973.03 in April, 2017, down from more than K5,000 in March. This is on account of reduced food and non-food prices. “The April 2017 JCTR Basic Needs Basket (BNB) for a family of five living in Lusaka stood at K4,973.03, reflecting a K44.06 decrease from the March 2017 BNB of K5,017.09. The reduction in the April BNB is attributed to reduction in the cost of some food items such as beans which reduced from K40.1 to K30 per kg,†JCTR media and information officer Tendai Posiana states in a press statement. The reduction in food items is attributed to increased food supply as the harvest season begins. However, according to the BNB, data shows an increase in the price of kapenta from K181.05 per kg in March to K208.17 per kg in April, mainly attributable to the scarcity of the commodity due to depletion of species, while demand has remained constant. And JCTR states that the BNB has ranged between K4,500 and K5,300 in the past four months, far higher than the monthly urban average income of K3,152.00, as estimated by the Central Statistical Office in the 2015 living conditions monitoring survey. The annual rate of inflation, a major macroeconomic fundamental in influencing food and non-food prices, dropped to single digits last November and was 6.7 percent as at April, 2017. The post Cost Of Living Drops By K40 In Zambia – Catholic Agency appeared first on Zambia Reports.

source: Zambia Reports

Pres. Lungu Heads To Equatorial Guinea

President Edgar Lungu is tomorrow expected in Equatorial Guinea to attend the Summit of Heads of State of the African Union Committee of Ten (C10) on the reforms of the United Nations (UN) Security Council. Minister of Foreign Affairs Harry … Continued

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President Edgar Lungu is tomorrow expected in Equatorial Guinea to attend the Summit of Heads of State of the African Union Committee of Ten (C10) on the reforms of the United Nations (UN) Security Council. Minister of Foreign Affairs Harry Kalaba told journalists at a media briefing in Lusaka today that the C10 Summit will be preceded by a Ministerial and Ambassadorial segment starting today. Kalaba said the C10 Summit will map out strategies to further expand and intensify advancement of the African common position in the UN Security Council as agreed by the AU Ministerial meeting held in Swaziland in March, 2005. He said the importance of ensuring that Africa takes its rightful position within the decision making process of the UN Security Council cannot be overemphasized. The Committee of Ten comprises Algeria, Libya, Congo, Equatorial Guinea, Kenya, Uganda, Senegal, Sierra Leone, Namibia and Zambia. The post Pres. Lungu Heads To Equatorial Guinea appeared first on Zambia Reports.

source: Zambia Reports