The Pan-African Economy in Brief: Friday, May 14, 2021
Muhammadu Buhari pledges to preserve food security through fight against banditry:
President Muhammadu Buhari is committed to preserving Nigeria's food security through the fight against growing banditry. This was announced on Thursday, May 13, 2021, in a statement relayed by several media. According to the official, the government intends to put an end to the criminal acts that are rampant in Nigeria in order to allow access to farms and farming, with the aim of promoting food production and ensuring the supply of food to the population. In this regard, Buhari said he will "use all available resources and manpower to deal with the bandits.
Kasada Capital buys hotel asset in Namibia:
Sub-Saharan African hospitality investment platform Kasada Capital Management has acquired the Safari Hotels and Conference Center resort in Namibia for an undisclosed amount. This is the second acquisition made via Kasada Hospitality Fund LP, its investment vehicle that raised $500 million in April 2019 in a first closing.
White survivors and dogs rescued before blacks in Palma attack (Amnesty):
White individuals were evacuated ahead of black residents during an air rescue operation when the town of Palma in northeastern Mozambique was attacked by jihadist groups in March, denounces a report released Thursday by Amnesty International. Citing testimonies of 11 survivors, the human rights organization also claims that the rescue helicopter had prioritized the safety of two German shepherds, at the expense of human beings.
Prime Minister closes mobile money market to competition until May 2022:
Since May 11, Ethiopians can send and receive money on their cell phones. Ethio Telecom has launched Telebirr for this purpose. The incumbent operator is benefiting from special conditions offered by the government to allow it to get a head start in what promises to be a competitive segment.