Tag Archive : Africa

/ Africa

VIENNA (Reuters) – India and South Africa want the World Trade Organization (WTO) to waive intellectual property rules to make it easier for developing countries to produce or import COVID-19 drugs, a letter https://docs.wto.org/dol2fe/Pages/SS/directdoc.aspx?filename=q:/IP/C/W669.pdf&Open=True to the WTO shows.

In their letter dated Oct. 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property rules globally.

“As new diagnostics, therapeutics and vaccines for COVID-19 are developed, there are significant concerns (over) how these will be made available promptly, in sufficient quantities and at (an) affordable price to meet global demand,” the letter posted on the Geneva-based WTO’s website says.

The two countries said that developing nations are disproportionately affected by the pandemic and that intellectual property rights, including patents, could be a barrier to the provision of affordable

Read More

Chinese Huawei Technologies Co. Telecom Operations in Africa

Photographer: Waldo Swiegers/Bloomberg

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

South Africa is planning to auction off more than 8 billion rand ($483 million) of high-speed internet spectrum following years of delays, giving a boost to wireless carriers such as Vodacom Group Ltd. and MTN Group Ltd.

The move will help to revive the economy by producing a rise in investment in broadband while helping to lower data costs, Independent Communications Authority of South Africa Chairman Keabetswe Modimoeng said at a briefing on Wednesday. Units of various bandwidth are priced at between 9.8 million rand and 1.16 billion rand, he said.

Vodacom and MTN, the country’s telecom market leaders, have long called for the release of spectrum to grow in their domestic market. Previous attempts at starting the auction have floundered on political disputes over how it should proceed and who

Read More

A map of African operations hangs on a wall near a glass elevator at MTN Group Ltd.'s headquarters in Johannesburg, South Africa.

Photographer: Waldo Swiegers/Bloomberg

South Africans were cheered Wednesday with two announcements many thought would never come: Arrests in relation to state corruption and plans to auction new internet spectrum.

Four government officials and business people were detained as part of an investigation into a 255 million-rand ($15-million) asbestos audit project awarded by a provincial housing department, according to a police unit. The move is a rare sign of progress in the fight to curb graft that became rife under former President Jacob Zuma.

Read More: South Africa Authorities Arrest Four in Asbestos Audit Probe

His successor, Cyril Ramaphosa, launched an inquiry into corruption shortly after ousting Zuma in early 2018, but many South Africans have become disillusioned with the process as few culprits have been

Read More