04 Dec

Uganda: When Women in Power Are Battered

High profile women to suffer gender-based violence. The majority, however, remain mute because of their position in society. Some, however, have gotten the courage to break the silence and are now points of reference to other women facing similar ordeals.

One of such women is Judith Babirye, the Buikwe Woman MP who is also a gospel singer. The lawmaker has never been shy to speak about how she suffered domestic violence in her previous marriage.

“Yes, I was once a victim and was able to pick myself up and move on with my life. I am now strong,” Babirye said in a recent phone interview. The mother of one says she picked up the pieces by seeking counselling from different people.

“They guided and gave me wise counsel but emphasised that the final decision had to come from me and not anyone else,” she says. Babirye, who is known for her strong Christian faith also prayed, fasted and sought divine intervention.

“It is on my knees that God gave me strength to stand and hold my head high,” she says. At one point, she had to cease focusing on herself and make her daughter a priority.

“I did not want the violence to compromise my little girl’s future, therefore, I shifted my energy to raising her,” she says. Babirye married Samuel Niiwo in 2005, and filed for divorce years later.

Another notable woman is Beatrice Kiraso, the former Woman MP for Kabarole who wrote the book, Making a Difference which casts a light on her past life as a victim of domestic violence abuse by her husband who she later divorced.

Beaten because of work

A female MP who preferred to speak on condition of anonymity says she previously faced the wrath of her husband because of the nature of her work.

To read the full article, click here.

09 May

Oil prices seem to be ignoring OPEC’s efforts to cut global supply

OPEC a non-member oil producers have announced plans to extend a global supply cut deal agreed in December until at least the end of 2017.

This comes after brent crude hit a six-month low of $46.64 last week amid a persistent glut driven by booming US shale oil production. Seeking to calm market Saudi energy minister Khalid al-Falih has said the coalition is ready to do “whatever it takes” to return stocks to levels five years ago.

The extension encapsulates the deal’s failure to meet is core objective of boosting depressed prices. Despite an initial uptick seeing Brent crude breach the mid-fifties in January they have remained volatile, and are now effectively back to where they were before the agreement.

All of this is bad news for big African producers like Nigeria and Angola, which have seen growth and investment hit hard and their reform efforts stifled by the commodities slump.

The International Energy Agency’s monthly outlook on oil demand is due on Tuesday. Oil exporters will be watching closely, hoping it could signal an end to the supply glut. Any reprieve looks likely to be temporary.

Read more: Oil prices seem to be ignoring OPEC’s efforts to cut global supply

27 Jan

Japanese Seminar to look at South African investment opportunities

JOHANNESBURG, South Africa, January 26, 2017/APO/ —

Brand South Africa is a partner to this initiative which aims to celebrate South Africa’s strengths and opportunities for Japanese businesses to grow and invest in the country

The Japan External Trade Organisation (JETRO), in cooperation with the Embassy of Japan in South Africa and the Japanese Chamber of Commerce and Industries in South Africa will on Tuesday 31 January 2017 host the 4th Japan Seminar under the theme “Proudly South African”.

Brand South Africa is a partner to this initiative which aims to celebrate South Africa’s strengths and opportunities for Japanese businesses to grow and invest in the country.

The Executive Managing Director Institute for International Trade and Investment, Japan, Mr Saburo Yuzawa, will be joined by senior representatives from various organisations, including the Department of Trade and Industry, in looking at the competitive strengths of the South African Nation Brand.

The seminar aims to deepen mutual understanding and strengthen collaborative relations between the businesses and public entities of both nations.

Media is invited to attend as follows:
Date: Tuesday 31 January 2017
Time: 14h00
Venue: Sandton Convention Centre, Sandton
RSVP: Manusha Pillai, 082 389 3587, Slindokuhle Mbuyisa, +27 11 784 6084

Media is invited to please RSVP by Friday, 27 January 2017 for accreditation and logistical purposes.

Interviews can be arranged with identified spokespeople.

Distributed by APO on behalf of The Department of Trade and Industry, South Africa.

04 Jan

Development in Africa is on a firm footing – how to take it to the next level

The end of 2016 provides an opportunity to take stock of Africa’s recent economic performance and future prospects. It’s been a tumultuous year for some African countries largely due to a commodities crisis and a global economic slowdown.

Yet there were still pockets of good growth which displayed the huge potential of the African continent. And 2017 looks to be the year the countries hardest hit by the crisis seek to recover from the economic reversals of the past few years.

Since the start of the new millennium average economic growth across Africa has been stronger than the global growth rate. Growth across the continent averaged 5%. This fuelled the “Africa rising” narrative that permeated public discourse.

Among the growth drivers were a commodity supercycle that powered the economies of resource-rich countries. And political and economic reforms paved the way for a growth in foreign investment.

Urbanisation and a burgeoning middle class expanded consumerism while growing mobile phone and internet penetration spurred the services sector. Increased innovation influenced investment and private consumption.

The economic optimism of the past two decades has, however, been tempered by a combination of factors. These include a worldwide decline in commodity prices; the slowdown and rebalancing of China’s economy; widespread drought, especially in the east and the south; and rising insecurity and instability in the Horn of Africa.

As they chart the way ahead in 2017 and beyond, African countries have to contend with what has been termed the reality of a “double challenge”. There are five that stand out.

  • The first is that African economies must increase productivity while creating and driving employment.
  • The second is that they must ensure they are both producers and consumers.
  • The third is to reduce extraction while simultaneously growing local industrialisation.
  • Fourth, African governments must build infrastructure for intra-Africa integration while controlling state-budget spending.
  • And finally, countries must grow African consumer spending while encouraging household savings.

 

You can read the full story @ How We Made It In Africa 

11 Nov

Huge Oil Discovery in Nigeria

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) today announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria.

The Owowo-3 well, which was spud on Sept. 23, encountered about 460 feet (140 meters) of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 515 feet (157 meters) of oil-bearing sandstone reservoir.

“We are encouraged by the results and will work with our partners and the government on future development plans,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company.

Owowo-3 was safely drilled to 10,410 feet (3,173 meters) in 1,890 feet (576 meters) of water. The Owowo field spans portions of the contract areas of Oil Prospecting License 223 (OPL 223) and Oil Mining License 139 (OML 139). The well was drilled by ExxonMobil affiliate Esso Exploration and Production Nigeria (Deepwater Ventures) Limited and proved additional resource in deeper reservoirs.

ExxonMobil holds 27 percent interest and is the operator for OPL 223 and OML 139. Joint venture partners include Chevron Nigeria Deepwater G Limited (27 percent interest), Total E&P Nigeria Limited (18 percent interest), Nexen Petroleum Deepwater Nigeria Limited (18 percent interest), and the Nigeria Petroleum Development Company Limited (10 percent interest).

CAUTIONARY STATEMENT: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans and schedules and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of future commercial negotiations; and other factors discussed here and in under the caption “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at www.exxonmobil.com. References to resources and barrels of oil include quantities not yet classified as proved reserves under SEC definitions but that we believe will likely be produced and moved into the proved reserve category in the future.

Distributed by ExxonMobil