MEPI

South Africa: China’s Huawei launches innovation center amid security concerns

South African President Cyril Ramaphosa has welcomed the opening of a new Huawei Innovation Center in the country, expressing hope that the Chinese giant’s new technologies would help Africa “leapfrog into the Fourth Industrial Revolution.” Speaking at the launch event in Johannesburg, Ramaphosa commended Huawei for its “confidence in the South African economy and its […]

Southern Africa hit by extreme drought, leaving some 20 millions facing hunger

The unprecedented drought that has enveloped large parts of southern Africa since late last year has impacted more than 6 million people in Zambia, 3 million of them children, nearly half of Malawi’s population and 30% of Zambia’s, United Nations Children’s Fund (UNICEF) has warned. The drought in Zimbabwe, Zambia and Malawi has now reached […]

Algeria’s Foreign Reserves to Further Shrink to $97 bln in 2017

Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]