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/ 14 February 2008

Dozens killed in Uganda boat crash

Ugandan marine police have found 30 bodies in Lake Victoria in eastern Uganda after two boats collided earlier this week, police said on Thursday. ”We have called off the operations after recovering 30 bodies from the lake,” said Christopher Kubayi, regional police commander in eastern Uganda.

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/ 14 February 2008

Angola welcomes responsible foreign investment

A high-level mission from Angola has visited Portugal to entice potential investors with business opportunities arising from the new-found stability in the south-western African nation, one of the fastest-growing economies in the world. But foreign investors should forget about merely transferring profits abroad without leaving any benefits behind.

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/ 14 February 2008

DA: ANC subscribes to the ‘big-lie’ theory

The African National Congress (ANC) is subscribing to the ”big-lie” theory, the Democratic Alliance (DA) said on Thursday. ”The ANC subscribes to the theory that if the ”big lie” is repeated often enough, then people will believe it, and reality can be shaped by the ruling party,” the DA’s Gauteng provincial safety spokesperson, James Swart, said.

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/ 14 February 2008

New Tanzanian Cabinet faces vast challenges

A new, leaner Cabinet for Tanzania was sworn in Wednesday, its predecessor having fallen apart last week amid a corruption scandal. President Jakaya Kikwete dissolved his last Cabinet on February 7 after Edward Lowassa stepped down as prime minister. He and other lawmakers were implicated in a $179-million corruption scandal.

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/ 14 February 2008

UN calls for compromise in climate-change talks

The United Nations climate chief on Thursday called for rich and developing nations to reach a compromise as they held talks in Japan in their bid to forge a new deal on fighting global warming by the end of next year. Officials from the United Nations and 21 countries opened two days of closed-door talks in Tokyo to help find common ground.

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/ 14 February 2008

Africa: A bright spot in Bush’s foreign policy

United States President George Bush travels this week to Africa, one of the few regions where he can claim globally recognised successes for efforts on Aids and development in a foreign-policy legacy dominated by the Iraq war. But conflicts in Kenya and Darfur will intrude on a trip intended to show the positive impact from US investment.

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/ 14 February 2008

Kumba headline EPS up 43% as demand booms

Kumba Iron Ore, Africa’s biggest iron-ore producer, saw full-year headline earnings per share (EPS) leap by 43% as prices and demand soared, the company said on Thursday. Kumba said tight global supplies should support prices in the coming year, but said costs resulting from an energy shortage in South Africa could weigh.