<p><iframe loading="lazy" src="https://www.youtube.com/embed/4LAHSBT4uTA" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Ranjeni Munusamy, Associate Editor at Tiso BlackStar raised important concerns about policy versus implementation in regards to land talks at this year&#8217;s SAPOA property convention.<br />
http://cnbc.africa/videos/</p>


Ranjeni Munusamy on tangible implementation of land policy talks

<p><iframe loading="lazy" src="https://www.youtube.com/embed/1BocvdEf-og" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>Omnia Holdings have released its full year earnings and are reporting improved performance for the year. Its successful acquisitions of Umongo Petroleum and Oro Agri expanded their business capabilities. Omnia did express concerns about the performance of its regional farmers, joining CNBC Africa for more is Adriaan de Lange, Omnia Group MD.<br />
http://cnbc.africa/videos/</p>


Umongo Petroleum, Oro Agri acquisitions lift Omnia’s FY earnings

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Di843JpzE4I" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>An explosion rocked Zimbabwe President Emmerson Mnangagwa’s Saturday campaign rally in the opposition stronghold Bulawayo, leaving one person dead and more than 40 injured. However the election is still set to take place in July. Joining CNBC Africa for more is Lulu White-Raheem, CEO,  Elections Consulting Agency of Africa.<br />
http://cnbc.africa/videos/</p>


How will Mnangagwa’s assassination scare impact upcoming Zimbabwe polls?

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<p>Blockchain technology is leading the new era of transformations in financial services, but capital market regulators across the Africa are still trying to figure out how to incorporate this into their markets. Deji Soetan, Managing Partner at Blockchain Asset Management and Andrew Nevin, Chief Economist at PWC Nigeria join CNBC Africa to discuss this how blockchain will shape financial services in the future.<br />
http://cnbc.africa/videos/</p>


Blockchain & the future of finance in Africa

<p><iframe loading="lazy" src="https://www.youtube.com/embed/6bOZKkZYoxc" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>As the first half of the year winds down, the NSE Industrial goods index took biggest hit in the second quarter, down 10.7 percent, while the banking index and the consumer goods index followed closely.  Johnson Chukwu, CEO of Cowry Asset Management joins CNBC Africa to review the NSE&#8217;s performance this year and for an outlook for the next half of the year.<br />
http://cnbc.africa/videos/</p>


Cowry Asset Management’s Johnson Chukwu on the NSE mid-year performance

<p><iframe loading="lazy" src="https://www.youtube.com/embed/DmghTI1Ug-8" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>The Bank of Ghana has announced plans to deepen financial inclusion in the country by increasing the percentage of financial inclusion in the country from 58 per in 2017 to 75 per cent by 2023. Nana Otuo Acheampong, a Banking Consultant joins CNBC Africa to discuss this development.<br />
http://cnbc.africa/videos/</p>


Expanding financial inclusion in Ghana

<p><iframe loading="lazy" src="https://www.youtube.com/embed/7G5YD_9eBEo" width="640" height="360" frameborder="0" allowfullscreen=""></iframe></p>
<p>As the second quarter of the year draws to a close this week, Damilola Akinbami, Head of Research at Financial Derivatives joins CNBC Africa to discuss what to expect from Nigeria&#8217;s second quarter GDP figures.<br />
http://cnbc.africa/videos/</p>


Expectations for Nigeria’s second quarter GDP

<p><a href="https://theconversation.com/profiles/mohammed-girma-480174">Mohammed Girma</a>, <em><a href="http://theconversation.com/institutions/university-of-pretoria-1645">University of Pretoria</a></em></p>
<p><em>At least two people died and 156 were wounded in a <a href="https://www.aljazeera.com/news/2018/06/police-officials-arrested-ethiopia-grenade-attack-180624133728775.html">grenade attack</a> at a political rally in Addis Ababa addressed by reformist Ethiopian Prime Minister Abiy Ahmed. Abiy was a surprise guest on the day and, moments after sitting down once he’d made his speech, there was an explosion metres away. He was not hurt, but the rally’s organisers have claimed he was <a href="https://www.nytimes.com/2018/06/23/world/africa/ethiopia-explosion-abiy.html">the main target</a>.</em></p>
<p><em>The Conversation Africa spoke to Ethiopian scholar Mohammed Girma to analyse the impact of the attack.</em></p>
<p><strong>Was this an unprecedented moment in Ethiopia’s history?</strong></p>
<p>The attempted assassination on a national leader isn’t entirely new to Ethiopia. There was, at least, one such attempt in 1976 targeting <a href="https://books.google.co.uk/books?id=vCHtAAAAMAAJ&amp;q=Assassination+attempt+on+Megistu+Hailemariam&amp;dq=Assassination+attempt+on+Megistu+Hailemariam&amp;hl=en&amp;sa=X&amp;ved=0ahUKEwjDsK2ewu7bAhVLZlAKHTOkA_wQ6AEIKzAA">Mengistu Hailemariam</a>, a former leader who now lives in Zimbabwe as a fugitive. He survived with slight injuries.</p>
<p>That attack was interpreted by many as the incident that triggered horrendous political violence known as <a href="https://books.google.co.uk/books?id=5jcsAQAAMAAJ&amp;q=Assassination+attempt+on+Megistu+Hailemariam&amp;dq=Assassination+attempt+on+Megistu+Hailemariam&amp;hl=en&amp;sa=X&amp;ved=0ahUKEwjDsK2ewu7bAhVLZlAKHTOkA_wQ6AEIOzAD">“Red Terror”</a>, which <a href="https://study.com/academy/lesson/red-terror-in-ethiopia.html">left thousands</a> of young people dead.</p>
<p>But the scale and the audacity of this attack is unprecedented. It appears that those who planned it couldn’t deliver on the scale they might have wanted. Had they succeeded, the human cost and its political implications would have been immense.</p>
<p><strong>What is the current political context?</strong></p>
<p>The ruling party, the Ethiopian People’s Revolutionary Democratic Front which has been in power <a href="https://theconversation.com/a-strong-opposition-is-the-only-solution-to-dislodging-ethiopias-ruling-coalition-89698">for nearly 30 years</a>, is decaying. It lacks the political will to introduce fundamental <a href="http://foreignpolicy.com/2018/01/11/ethiopia-is-falling-apart/">reforms</a> which would address issues like endemic corruption, the incarceration of journalists and political opponents and widespread economic marginalisation.</p>
<p>These concerns precipitated protests from various segments of society and forced <a href="https://www.theguardian.com/world/2018/feb/15/ethiopia-prime-minister-hailemariam-desalegn-resigns-after-mass-protests">former Prime Minister Hailemariam Desalegn to resign</a>.</p>
<p>Abiy emerged from within the ruling <a href="https://www.aljazeera.com/indepth/opinion/ethiopia-abiy-ahmed-survival-ruling-eprdf-180528082306152.html">party</a> amid this disarray. His message was markedly different. He spoke the language of the people and tapped into society’s aspirations and fears. While it was expected that he’d be a safe pair of hands for ordinary people as well as the ruling elites, nobody expected him to be as direct and decisive as he has turned out to be in his reform efforts.</p>
<p>These have met with resistance, particularly from the Tigrayan People’s Liberation Front, which is the dominant wing of the ruling coalition. It’s started to act as an <a href="https://www.africaintelligence.com/ion/corridors-of-power/2018/06/15/the-tplf-gives-abiy-ahmed-ali-a-rocky-political-ride,108313827-bre">opposition from within</a> to Abiy’s work.</p>
<p>The rally at which the attack occurred was called to disentangle Abiy from the establishment and give him a unambiguous mandate to run the country.</p>
<p>People are enchanted with his message of “medemer”, or togetherness, as opposed to ethnic compartmentalisation. They support his systematic and nonviolent removal of corrupt leaders who thrived on spreading fear and using violence to cling to power.</p>
<p><strong>The Prime Minister immediately laid blame on anti-peace forces. Who is he referring to and what is their agenda?</strong></p>
<p>It’s not entirely clear who he had in mind. There are all sorts of <a href="https://www.ft.com/content/c10e0ae8-752e-11e8-aa31-31da4279a601">theories swirling around</a>. It’s not only unfruitful, but also dangerous, to point fingers at this or that entity. It would be wise to wait until justice runs its course.</p>
<p>However, one can say with some level of justification that whoever made this attempt must have felt threatened by Abiy’s popularity, message and reform efforts. Ethiopians are accustomed to fearing their leaders. But Abiy is loved.</p>
<p>Instead of deploying the usual tactics of violence, he has used a message of love and togetherness. As a result, he has garnered support across ethnic, religious and ideological boundaries. Even in the aftermath of the explosions, the message coming out of his office was one of <a href="https://twitter.com/fitsumaregaa/status/1010400524460613633?ref_src=twsrc%5Etfw&amp;ref_url=https%3A%2F%2Fwww.opride.com%2F2018%2F06%2F23%2Flive-blog-mass-rally-in-support-of-ethiopias-new-pm-abiy-ahmed-reforms%2F">love, healing and solidarity</a>, not revenge.</p>
<p>Regardless of who the “anti-peace forces” might be, their agenda seems to be to subvert the new rhetoric and render Ethiopia ungovernable.</p>
<p><strong>What does this attack say about Abiy’s authority and the country’s stability?</strong></p>
<p>The implications can be looked at in two different ways. On the one hand, overwhelming support for what he’s doing lessens the chances of the “anti-peace” forces using the people to instigate a major conflict. On the other, the attack shows that such anti-peace elements still carry enough venom to disrupt Abiy’s narrative and hamper the progress of his reform.</p>
<p><strong>What happens next?</strong></p>
<p>Under Abiy’s leadership Ethiopia has taken a few steps forward. He has started the right conversation, injected hope and managed to change the national mood. He has made some <a href="http://www.africanews.com/2018/05/27/ethiopia-pm-hints-of-visa-free-entry-for-all-africans/">clever diplomatic moves</a>, and he is not afraid to make bold and even edgy decisions.</p>
<p>But the country isn’t out of woods yet. Social cohesion and economy are his biggest challenges.</p>
<p>The ramifications of the latest violence are still unknown. The investigation might open a can of worms and, if poorly handled, might deepen suspicion between dissenting groups. The support and the understanding of the masses are of critical importance for Abiy to steer the country out of turbulence.<img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/98839/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" />There is also good reason to question whether or not he is producing supporters who would see him as a cult hero rather than someone who can be criticised, questioned and held to account when he crosses the line.</p>
<p><a href="https://theconversation.com/profiles/mohammed-girma-480174">Mohammed Girma</a>, Visiting Lecturer at London School of Theology and Research associate, <em><a href="http://theconversation.com/institutions/university-of-pretoria-1645">University of Pretoria</a></em></p>
<p>This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/explosion-at-rally-proves-that-ethiopia-isnt-out-of-the-woods-yet-98839">original article</a>.</p>


This is what the explosion at a political rally in Addis Ababa tells us about Ethiopia

<figure><img decoding="async" src="https://images.theconversation.com/files/224034/original/file-20180620-137711-kxzb6.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="File 20180620 137711 kxzb6.jpg?ixlib=rb 1.1" /><figcaption>Rosewood is popular in China for ‘hongmu’ &#8211; antique furniture.<br />
<span class="attribution"><span class="source">Shutterstock/HelloRF Zcool</span></span></figcaption></figure>
<p><a href="https://theconversation.com/profiles/paolo-omar-cerutti-496591">Paolo Omar Cerutti</a>, <em><a href="http://theconversation.com/institutions/centre-for-international-forestry-research-1081">Centre for International Forestry Research</a></em> and <a href="https://theconversation.com/profiles/davison-gumbo-496595">Davison Gumbo</a>, <em><a href="http://theconversation.com/institutions/centre-for-international-forestry-research-1081">Centre for International Forestry Research</a></em></p>
<p>Rosewood is the generic name for several dark-red hardwood species found in tropical regions across the globe. It fetches very high prices because it’s strong, heavy, has a beautiful red hue and takes polish very well – and because the trees are becoming increasingly scarce. On the Chinese market in 2014, for example, prices were <a href="https://www.ft.com/content/5134ca48-bd41-11e4-b523-00144feab7de">in excess</a> of USD$17,000 per ton. That’s ten times higher than the price of more standard tropical hardwood.</p>
<p>There’s a huge demand in China for rosewood logs to make <em>hongmu</em> – antique furniture. <em>Hongmu</em> was used historically by the imperial elite and is now <a href="https://www.forest-trends.org/publications/chinas-hongmu-consumption-boom/">coveted</a> by China’s rising middle class. Supplies of the wood from markets in Latin America and South-East Asia have dwindled in recent years, so Africa has become a key source. Within Africa, Zambia has become one of China’s main rosewood exporters in the past decade.</p>
<p>But the harvesting of rosewood is often not done sustainably. Several African species have already <a href="https://news.mongabay.com/2016/02/threatened-west-african-rosewood-species-gets-cites-protection/">received protection</a> under the Convention on Trade in Endangered Species.</p>
<p>We <a href="https://www.cifor.org/library/6826/informality-global-capital-rural-development-and-the-environment-mukula-rosewood-trade-between-china-and-zambia/">researched</a> the rosewood trade between China and Zambia in 2016 and 2017. We wanted to study the relationship between global and local sources of capital, rural development and environmental impacts. We also wanted to see whether regulations, adopted to preserve natural resources like rosewood, provide the right set of incentives and disincentives for business to be sustainable.</p>
<p>The most common name used to identify rosewood in Zambia is <em>mukula</em>. But because several different species are categorised as <em>mukula</em>, and because comprehensive inventories are lacking, current rosewood stocks are not known. Legal uncertainties and corruption mean that laws, regulations, or sustainable forest management plans, related to rosewood, are rarely implemented and monitored.</p>
<p>This means that Zambia doesn’t benefit much from rosewood trade. Its forests are being decimated, causing serious environmental degradation. And though rural Zambians and their families do profit, this is short-lived. We also found that because the trade isn’t being effectively monitored or taxed, the government loses about USD$ 3.2 million in potential revenue every year.</p>
<h2>Monitoring challenges</h2>
<p>A couple of big factors have allowed this situation to thrive.</p>
<p>The first is that mukula was only recently added to Zambia’s list of official commercial species. It was previously recorded under the general term “other”, so its trade wasn’t properly recorded or taxed appropriately. In addition, even though there’s an export ban on mukula leaving in log form, it has been allowed to leave the country almost exclusively in log form. Aside from legal considerations, this defies the purpose of the ban, which is to boost local processing and job creation in Zambia.</p>
<p>The second is that the government has been issuing and lifting various regulations in rapid sequence over the years, which have left enforcement agencies on the ground unclear about what rules applied where and when. This has boosted corruption, which means many officials have no incentive to ensure the trade is well regulated. About US$1.7 million is paid in rosewood-linked bribes each year. Most of which are collected along Zambian roads where trucks must make payments to proceed towards the points of export.</p>
<p>The results of these legal uncertainties can be seen in the graph below which shows log exports, as recorded by Zambian authorities through the Food and Agriculture Organisation of the United Nations, and log imports as recorded by Chinese authorities.</p>
<figure class="align-center "><img decoding="async" src="https://images.theconversation.com/files/223788/original/file-20180619-126559-7e76s9.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="" /><figcaption></figcaption></figure>
<p>The discrepancies, in volume and value, between the declarations are huge. For example, in 2016, Zambia declared exports for about 3,000 cubic metres at an approximate value of USD$900,000. China, meanwhile, declared imports of about 61,000 cubic metres for an approximate value of USD$87 million. Because Chinese customs do not recognise mukula as rosewood, we cannot determine the amount, but because Zambia exports only a few species whose volumes haven’t changed much over the years, we are sure that mukula represents the vast majority of those volumes.</p>
<p>It’s clear that a series of measures, in particular log-export and production bans <a href="https://af.reuters.com/article/africaTech/idAFL8N1PJ552">adopted</a> over the years, don’t work. Bans only make sense when coupled with other measures, like effective enforcement or a system of incentives. In fact, bans have contributed to keep the rosewood market underground without really affecting harvest and trade. But solutions are possible.</p>
<h2>Focus areas</h2>
<p>Our research suggests that four points need immediate attention.</p>
<ol>
<li>The strategy of continuously adopting and lifting production and export bans is not working and should be abandoned. If a ban is deemed necessary, a coherent enforcement strategy must be adopted, enforced and monitored. If not, The Zambian Forestry Department should propose a revision of the legal framework and ensure logs for export are appropriately taxed.</li>
<li>The Zambian government must support the Forests Act of 2015. This aims to protect the country’s forests and people’s long-term livelihoods by implementing innovative management and monitoring measures, including community, joint and private forest management approaches.</li>
<li>The governments of Zambia and China need to engage in discussions with their respective CITES management and scientific authorities and list <em>mukula</em> as a species that may be threatened with extinction, should the trade not be closely controlled. This would hopefully limit international demand.</li>
<li>Countries in sub-Saharan Africa should learn from each other’s environmental challenges and work better together. While Zambian forests were emptied of rosewood – and the government was deliberating potential countermeasures – buyers and traders <a href="http://pubs.iied.org/pdfs/13603IIED.pdf">had already</a> moved into Malawi, the Democratic Republic of Congo and Mozambique. While trying to perfect domestic laws, the precious resource will already be gone.</li>
</ol>
<p>By working together, the battle to save these fragile forests could be won.</p>
<p><img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/98092/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><em>Valued contributions to the research leading to this article were also made by: Xiaoxue Weng, George Schoneveld, Kaala Moombe, Nils Bourland, and Robert Nasi.</em></p>
<p><a href="https://theconversation.com/profiles/paolo-omar-cerutti-496591">Paolo Omar Cerutti</a>, Senior Scientist Centre for International Forestry Research, <em><a href="http://theconversation.com/institutions/centre-for-international-forestry-research-1081">Centre for International Forestry Research</a></em> and <a href="https://theconversation.com/profiles/davison-gumbo-496595">Davison Gumbo</a>, Scientist with the Center for International Forestry Research, <em><a href="http://theconversation.com/institutions/centre-for-international-forestry-research-1081">Centre for International Forestry Research</a></em></p>
<p>This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/why-zambia-has-not-benefitted-from-its-rosewood-trade-with-china-98092">original article</a>.</p>


Rosewood fetches in excess of USD$17,000 per ton but Zambia is failing to benefit, here’s why

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<p>The Alexandra Taxi Association and its affiliates suspended services, after hundreds of taxis were impounded by the Johannesburg Metro Police for not being roadworthy at the weekend. CNBC Africa correspondent Aviwe Mtila gives more insight.<br />
http://cnbc.africa/videos/</p>


Taxi strike leaves Joburg commuters stranded

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<p>The African Union has set December 20 as the target to have at least 30 African countries ratifying the African Continental Free Trade Area. CNBC Africa spoke to Anne-elvire Esmel for a quick look into the agreement.</p>


AU targets 30 countries to ratify AfCTA by December

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<p>According to the International Labour Organization, Kenya ranks low in Sub-Saharan Africa in productivity (GDP vis-a-vis hour worked), compared to similar economies globally.</p>


Kenya ranks low in productivity

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<p>NSE-listed Crown Paints Group Plc is set to invest about $4.5 Million (KES450 Million) in their Tanzania and Uganda business to meet the growing product demand. For more CNBC Africa is joined by group CEO Rakesh Rao break this plan down.</p>


Crown Paints to invest KES450mn in Uganda and Tanzania subsidiaries

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<p>The Nigerian Police Force&#8217;s Public Relations Officer in Plateau State, Tyopev Mathias Terna says peace is returning to the region, after a recent communal clash between herders and farmers claimed at least 70 lives. He joins CNBC Africa from Plateau State, to give an update on the situation.</p>
<p>http://cnbc.africa/videos/</p>


Ending communal killings in Plateau State

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<p>Turkish President Tayyip Erdogan has won more than half the votes in Sunday’s presidential election, easing the country&#8217;s anxiety prior to elections. The South African rand and other emerging currencies could benefit from the boost seen in the Turkish Lira. CNBC Africa is joined by Ali Cinar, President of The Turkish Heritage Organization for more.<br />
http://cnbc.africa/videos/</p>


What Tayyip Erdogan’s re-election means for Turkish democracy

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<p>Although Kenya has a $1.5 billion standby financing facility with the IMF the facility can only be accessed if Kenya cuts its budget deficit. As a structural reform though Treasury Secretary Henry Rotich recently unveiled steps to revoke the interest capping legislation that the International Monetary Fund has said is damaging the economy. Who benefits from revoking the legislation though? Dumi Jere, AfricaCatalysts CEO joins CNBC Africa for more.</p>


Kenya’s rate cap revision-winners & losers

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<p>Following the output increase that was agreed at the headquarters of the Organisation of the Petroleum Exporting Countries in Vienna last week, oil prices fell by more than 2 per cent in early trade today. Kola Karim, Chairman of Shoreline Natural Resources joins CNBC Africa to discuss the outlook for oil prices.</p>
<p>http://cnbc.africa/videos/</p>


CNBC Africa

Ranjeni Munusamy on tangible implementation of land policy talks

Umongo Petroleum, Oro Agri acquisitions lift Omnia’s FY earnings

How will Mnangagwa’s assassination scare impact upcoming Zimbabwe polls?

Blockchain & the future of finance in Africa

Cowry Asset Management’s Johnson Chukwu on the NSE mid-year performance

Expanding financial inclusion in Ghana

Expectations for Nigeria’s second quarter GDP

This is what the explosion at a political rally in Addis Ababa tells us about Ethiopia

Rosewood fetches in excess of USD$17,000 per ton but Zambia is failing to benefit, here’s why

Taxi strike leaves Joburg commuters stranded

AU targets 30 countries to ratify AfCTA by December

Kenya ranks low in productivity

Crown Paints to invest KES450mn in Uganda and Tanzania subsidiaries

Ending communal killings in Plateau State

What Tayyip Erdogan’s re-election means for Turkish democracy

Kenya’s rate cap revision-winners & losers

Oil prices fall on OPEC’s output deal

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Ranjeni Munusamy on tangible implementation of land policy talks

Umongo Petroleum, Oro Agri acquisitions lift Omnia’s FY earnings

How will Mnangagwa’s assassination scare impact upcoming Zimbabwe polls?

Blockchain & the future of finance in Africa

Cowry Asset Management’s Johnson Chukwu on the NSE mid-year performance

Expanding financial inclusion in Ghana

Expectations for Nigeria’s second quarter GDP

This is what the explosion at a political rally in Addis Ababa tells us about Ethiopia

Rosewood fetches in excess of USD$17,000 per ton but Zambia is failing to benefit, here’s why

Taxi strike leaves Joburg commuters stranded

AU targets 30 countries to ratify AfCTA by December

Kenya ranks low in productivity

Crown Paints to invest KES450mn in Uganda and Tanzania subsidiaries

Ending communal killings in Plateau State

What Tayyip Erdogan’s re-election means for Turkish democracy

Kenya’s rate cap revision-winners & losers

Oil prices fall on OPEC’s output deal

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