Johannesburg – Cyanide was sprayed into the new Zimbabwean Vice President, Emmerson Mnangagwa’s office on Wednesday in a possible attempt on his life, ZBC radio reported. Mnangagwa’s secretary “was badly affected by the attempted poisoning and was taken to hospital for attention”, the radio quoted President Robert Mugabe as saying. The secretary was reportedly the…

Harare – Zimbabwe Justice Minister Emmerson Mnangagwa on Friday took the oath of office as the country’s new first vice president, before President Robert Mugabe in a ceremony at State House in Harare. On Tuesday Mugabe announced Mnangagwa’s promotion to the second highest office in the land after he sacked Joice Mujuru for allegedly plotting to topple him. “I,…

Eff Targets 1-million Membership

Membership is currently 527 343, but the EFF wants to double the number and is confident that it could perform better before the next elections. The Economic Freedom Fighters has set itself an ambitious target to reach 1-million membership before the 2016 local government elections. According to the party’s organisational report, expected to be presented…

Angola’s Military Expenditure to Top $13 Billion by 2019

AFRICANGLOBE- Angola’s military and defence expenditure will increase from the current $6.5 billion to $13 billion by 2019 due to increased demand for border security equipment, fighter jets, multi-role aircraft, helicopters, navy vessels and unmanned aerial vehicles (UAVs). In a new report entitled “Future of the Angolan Defence Industry – Market Attractiveness, Competitive Landscape and…

Aliko Dangote is “a Lion of Africa’s Business”

AFRICANGLOBE – The Nigerian billionaire business man, Aliko Dangote, was elected as African personality of 2014 by the American media Forbes. According to his investments on the African continent, his big heart and achievements of its foundation, the billionaire Aliko Dangote won the 2014 award of African personality. « Aliko Dangote is a lion of…

10 Africans Making Waves in Technology

AFRICANGLOBE – Lets take a look at ten of the continent’s up-and-coming entrepreneurs who are making some serious waves in the technology space – either by reimagining established products or services, expanding radically into new areas, or developing better solutions for Africa. 1. Bankole Cardoso, CEO of EasyTaxi Nigeria Born in Nigeria, Cardoso attended Boston…

Angola’s Sovereign Wealth Fund Bets $500 Million on Hotels in Africa

AFRICANGLOBE – The Fundo Soberano de Angola (FSDEA) is a Sovereign Wealth Fund wholly owned by the Republic of Angola. The Fund, which was established in October 2012 according to international governance benchmarks, will gradually diversify its investment portfolio across a number of industries and asset classes in accordance with its investment policy and guidelines. By…

Ugandan President Call on African Nations to Quit the Icc

AFRICANGLOBE – Ugandan President Yoweri Museveni on Friday called on African nations to drop out of the treaty establishing the International Criminal Court, amid accusations that it unfairly targets Africans. “I will bring a motion to the African Union’s next session. I want all of us to get out of that court of the West.…

Nigeria, Not Kenya, is About to Become Africa’s Next Big Technology Hub

AFRICANGLOBE – There’s too much money in Nairobi. That’s one way to explain why some venture capitalists are setting their sights elsewhere. Largely off the back of Mpesa, the hugely successful mobile money-transfer system, the Kenyan capital has gained a reputation for technological innovation—and with it an influx of no-strings (or few-strings) development funding that has crowded out some…

Black-white Wealth Gap Has Reached a 24-year High

AFRICANGLOBE – The economy is recovering, but not the bottom line for Black Americans, according to new figures from the Pew Research Center. The median wealth of Black households dropped an astonishing 34 percent from 2010 to 2013, according to Pew’s analysis of Federal Reserve data. That of white households grew slightly over the same…

U.s. Imprisons Blacks at Rates Higher Than South Africa During Apartheid

AFRICANGLOBE – The primary debate over race in this country seems to be whether the country needs to have a debate at all. Polls show white and Black Americans have markedly different views of where the problems lie. New York Times columnist Nicholas Kristof has written a series of articles called “When whites just don’t…