CIM Magazine: Zijin to delist Nevsun from stock exchanges after acquisition complete – 8 January

  • The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Magazine reports that the majority owner of Nevsun Resources, Chinese company Zijin Mining Group, has purchased a further three per cent of the company’s outstanding shares for $57 million.
  • The purchase means that Zijin will own more than 92 per cent of Nevsun shares, allowing it to be granted the final 8 per cent by compulsory acquisition, making it the sole owner of the company.
  • Once the full purchase is complete, Zijin said it will de-list Nevsun from the TSX and NYSE, and cause Nevsun to cease to be a reporting issuer in Canadian provinces and any other jurisdiction where it currently has that obligation.
  • Three Eritrean refugees have accused Nevsun of being complicit in the use of forced labour at its Bisha mine. The case will be heard in the Supreme Court of Canada on 23 January.

Food and Agriculture Organization of the United Nations: Desert Locust situation update – 9 January

  • The FAO reports an outbreak of Desert Locust across Eritrea and Sudan in December 2018.
  • Due to favourable ecological conditions and extensive breeding, a Desert Locust outbreak developed throughout winter along the Red Sea Coast. Plagues of Desert Locusts are a threat to crops in Africa, the Middle East, and Asia.
  • The full extent of the outbreak was not detected until December. In response, FAO ground teams treated 7,235 hectares of land in Eritrea and 1,247 in Sudan.
  • Small-scale swarms were also detected in Egypt, Oman, Yemen and Saudi Arabia.

Eritrea Hub: Tigray acting regional president meets President Isaias – 10 January

  • Eritrea Hub carries the story that the Chairman of the Tigray People’s Liberation Front (TPLF) has met with President Isaias, according to an interview he gave to BBC Tigrinya.
  • Debretsion Gebremichael, current Chairman of the TPLF and acting President of the Tigray Region, explained that he met President Isaias to talk about the recent opening of the Omhager-Humera border crossing point. The two also discussed the opening of the whole Tigray/Eritrea border.
  • Dr Debretsion said he would prefer to see the whole border opened to allow the people of Tigray and Eritrea to trade freely, drawing on the flourishing relationships between the two peoples established in the last few months.
  • Two crossings in Rama and Zalambessa were abruptly shut two weeks ago by Eritrean officials. Dr Debretsion made references to the motivation behind the sudden closures as being an effort to “bring order on the way things were developing”, and said that they would be reopened as soon as “certain measures have been put into place”.

African Daily Voice: Ethiopian governor warns against renewed conflict along Eritrean border – 10 January

  • The African Daily Voice reports on the security situation in Ethiopia’s northern Tigray region, where groups of youths blocked the paths of military trucks demobilising from the border.
  • A troop withdrawal plan was agreed by Ethiopia and Eritrea as part of the July 2018 peace agreement.
  • The demobilisation has led to protests by Ethiopian youths, who successfully blocked the army trucks to prevent them from leaving the area over fears around the current security situation at the border with Eritrea.
  • Dr Debretsion, leader of Ethiopia’s northern Tigray region, told reporters in the city of Mekelle that the situation could lead to conflict.

TRT World: Is the US making moves to counter Chinese and Russian influence in Africa? – 10 January

  • Turkish media outlet TRT World publishes an analysis by Linus Unah, a Nigerian journalist, of the struggle between global powers for economic influence in Africa.
  • Unah says that “the Trump administration recently launched a new Africa policy to counter the ‘predatory’ practices of Russia and China”, who have recently made moves to secure a presence on the African continent. Russia is currently planning to build a logistics base in Eritrea, while China already has a military base in Djibouti, just miles from a US military base. The African Union headquarters in Ethiopia was also built by China.
  • Trump’s administration has made steps to create a new agency, the US International Development Finance Corp (IDFC), in order to make the most of its current investment portfolio and expand America’s commercial ties with Africa.
  • Damimola Olawuyi of SBM Intelligence, a Lagos-based geopolitical consultancy firm, said: “While the US is returning to Africa late in the game, it must be noted that among the general populace, it still retains significant goodwill in major parts of Africa compared to its adversaries.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here