This week we tell you what African city is set to have the 13th biggest economy by next year, reveal why Nelson Mandela’s daughter is livid, and explain why Coco-Cola feels threatened by a local Tanzanian company.
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Three Nigerian States Under Lockdown
Nigerian President Goodluck Jonathan has imposed a "state of emergency" in three states - Borno, Yobe and Adamawa - in response to the increasingly violent attacks by armed group Boko Haram. Jonathan said "it has become necessary for Government to take extraordinary measures to restore normalcy."Read More »
Source: Punch NG
Lagos Could Soon Be Africa’s 13th Biggest Economy – Equivalent to That of Ghana
A new report by leading investment banking firm, Renaissance Capital, predicts that Lagos could soon have a $45 billion economy. That figure, expected to be reached by 2014, would place the Nigerian city's economy as the 13th biggest in Africa.Read More »
Source: How We Made it in Africa
Mandela Fades Amid Battles Over Who Will Claim Legacy
Nelson Mandela's eldest daughter says she was livid about the recent video recording of her elderly father. His current state has lead to "the struggle to claim his legacy, his image, his moneymaking potential and even the time he has remaining has begun in earnest", writes NYT's Lydia Polgreen.Read More »
Source: NYT
Mali Gets Billions in Pledges to Rebuild
International donors have pledged more than $4 billion to help rebuild Mali. Speaking at the donors' conference in Brussels, French President François Hollande said it marks "an important step forward in the social, economic and democratic renewal" of the west African country. Read More »Source: WSJ
Bensouda: ICC to 'Explore Other Options' if Kenya Fails to Cooperate
Speaking in Geneva, Switzerland, International Criminal Court (ICC) Prosecutor Fatou Bensouda says they will "explore other options" if Kenya fails to fully cooperate on charges brought against President Uhuru Kenyatta and his deputy William Ruto related to 2007-2008 post-election violence. Read More »Source: The East African
Al-Qaeda: Alive and Well in South Africa
South African authorities have been monitoring the training of al-Qaeda terrorists at secret military camps in three locations across the country for several years, but have reportedly failed to take any action. Read More »Source: Daily Maverick
Pentagon Continues Use of China Satellite in New Lease
The Pentagon has extended its multi-million dollar lease of China's commercial satellite, Apstar-7, to provide communications for its Africa Command despite previous criticism. The Pentagon says the Chinese satellite is the only solution available that meets their requirements. Read More »Source: Bloomberg
Internet Sales Flourish in Nigeria
With relatively few formal retail outlets, Nigeria's growing middle class are increasing going online for their shopping. The result is a growing number of "Amazon-style websites such as Konga and Jumia" in the west African country, that offer a wide array of products -- from books to groceries. Read More »Source: Financial Times
Zimbabwe Wants SA to Keep its Citizens
In this first three months of this year, South Africa deported more than 11,000 illegal Zimbabweans back to the neighbouring country. Zimbabwean authorities are now calling on the South African government to "regularise the stay of illegal immigrants." Read More »Source: Mail & Guardian
The Rise of Africa's B-Brands
They're local, often family-owned, and are giving large corporations like Coca-Cola sleepless nights. We're talking about the emergence of Africa's B-Brands that are now taking center stage across the continent. Read More »Source: The Africa Report
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