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Hong Kong protests spread to subway as bank warns of economic fallout

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Reuters- A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as demonstrators prepared a sit-in at a subway and site of a mid-summer mob attack.

Hong Kong-based Bank of East Asia Ltd (BEA) posted a 75% slump in first-half net profit after it wrote down loans in China because of a downturn in commercial property markets outside China’s top cities.

It also warned that social unrest in Hong Kong and a trade dispute between China and the United States could affect the economies of China and the former British colony.

“The tense atmosphere (in Hong Kong) is likely to weigh on consumer and business confidence, and on in-bound tourism, if there is no resolution soon,” it said in a statement.

Some Hong Kong companies have been dragged into controversy after 11 weeks of sometimes violent clashes between police and pro-democracy protesters, angered by a perceived erosion of freedoms.

Pilots and cabin crew at Cathay Pacific Airways described a “white terror” of political denunciations, sackings and phone searches by Chinese aviation officials.

“The recent situation in Hong Kong causes signs of concerns for the local SMEs (small and medium-sized enterprises),” bank co-chief executive Adrian Li told reporters. “It is because you see that if the current condition continues, (it) shall affect tourism, retail trade as well as investors’ confidence. Nevertheless, our Hong Kong asset quality remains very healthy.”

Protesters were preparing to gather on Wednesday at the suburban Yuen Long mass-transit rail station, one of a series of running demonstrations over 11 weeks that have sometimes turned violent, including the storming of the legislature and havoc at the airport.

On the night of July 21, about 100 white-shirted men stormed the station hours after protesters marched through central Hong Kong and defaced China’s Liaison Office – the main symbol of Beijing’s authority over the city.

The men attacked black-clad protesters returning from Hong Kong island, passers-by, journalists and lawmakers with pipes and clubs, wounding 45 people.

Anger erupted in June over a now-suspended bill that would allow criminal suspects in Hong Kong to be extradited to mainland China for trial. Hong Kong leader Carrie Lam said again on Tuesday the legislation was dead.

24 Hours Across Africa

Rwanda ban Burundi,s music star ahead of annual festival

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Burundian musician Jean Pierre Nimbona, popularly known as Kidum, has told the BBC he is confused by Rwanda’s decision to ban him from playing at the upcoming Kigali Jazz Fusion festival.

Kidum is one of Burundi’s biggest music stars and has performed in Rwanda for the past 16 years.

But a police official phoned the musician’s manager to warn that he would only be allowed to make private visits to Rwanda.

“[My manager was told] Kidum is not supposed to perform, tell him to leave. If he comes for private visits fine, but no performances,” the musician told BBC’s Focus on Africa radio programme.

The mayor of Rwanda’s capital said that in this instance permission had not been sought from the authorities for him to perform at the festival in Kigali.

Kidum was a leading peace activist during Burundi’s civil war between 1993 and 2003 and used his songs to call for reconciliation.

The 44-year-old musician said he had never had problems with Rwandan authorities until recently when three of his shows were cancelled at the last minute – including one in December 2018.

That month Burundi had banned Meddy, a musician who is half-Burundian, half-Rwandan, from performing in the main city of Bujumbura.

Kidum said he was unsure if the diplomatic tensions between Burundi and Rwanda had influenced his ban.

“I don’t know, I don’t have any evidence about that. And if there was politics, I’m not a player in politics, I’m just a freelance musician based in Nairobi,” he said.

He said he would not challenge the ban: “There’s nothing I can do, I just wait until maybe the decision is changed some day.

“It’s similar to a family house and you are denied entry… so you just have to wait maybe until the head of the family decides otherwise.”

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24 Hours Across Africa

Zimbawe’s doctor goes missing after masterminding strike

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Fearless Zimbabwe’s minister of health has called on the government to address insecurity lapses that has lead to the disappearance Peter Magombeyi, the head of a doctor’s union, who disappeared on Saturday.

Fears are rising over the fate of Zimbabwe medical doctor Dr Peter Magombeyi after he sent a message to say he had been abducted in that country by unknown persons – apparently for demanding a “living wage”.

An AFP report earlier on Sunday quoted the Zimbabwe Hospital Doctor’s Association (ZHDA) as saying Magombeyi had not been heard from since he sent a WhatsApp message on Saturday night saying he had been “kidnapped by three men”.

Zimbabwe doctors, who earn a miserly equivalent of about R3 000 are on strike to press for better wages, equipment and medicines in state hospitals.

The ZHDA has reportedly accused state security forces of abducting the doctor because of his role in organising work stoppages.

This week some doctors said the death of deposed Robert Mugabe, 95, in a Singapore hospital on 6 September was an indication of how bad health services in Zimbabwe

“Dr Magombeyi’s crime is only to ask for a living wage for his profession. This is a reflection of the troubles born out of refusal to implement Political Reforms.”

The Zimbabwe government led by Emmerson Mnangagwa has not publicly commented on the doctor’s disappearance

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