Dana Sanchez, 1:19 pm
Hardly a day goes by when US. marijuana attorney Hilary Bricken does not get a call from someone overseas (often South Africa) asking about cannabis real estate opportunities in the U.S. With plans underway to legalize medical marijuana in South Africa, locals there hope to come up with alternative products that costs less and benefit the country more than Western treatment counterparts. South Africa is a major player in the global cannabis industry, producing a top strain — Durban Poison “The (South African) economic implications are absolutely astronomical if you look at what is going on in the rest of the world,” a local stakehoder said.
Dana Sanchez, 3:50 pm AFKI Original
Trained as a pastry chef, Obado Obadoh learned his craft working for major Kenyan hotel chains. In 2011 he had an opportunity to buy out an existing restaurant. The result is Café Deli, Kenya. His secret to success? “Paying your debts,” he said. “When an investor or a bank gives you their money, just pay it back. They will trust you and help you in future.” Obadoh advises entrepreneurs not to get caught up trying to impress people with things they can’t afford. “I don’t … waste funds trying to live a life that’s not yet mine,” he said.
Dana Sanchez, 1:36 pm
In future, insurers, asset managers and banks are likely to benefit from the innovation revolution taking place in financial technology, which is creating new means of distribution. Partnerships will be key in reaching new customers, especially in parts of Africa where insurance premiums are being built into mobile subscriptions. “For insurers, the need to drive the distribution model and mobile platforms can fundamentally help,” an EY leader says.
Dana Sanchez, 11:26 am
At 14,176 feet, Mount Elgon on the border of Uganda and Kenya isn’t Africa’s best-known mountain. An extinct volcano, it often gets overlooked on the regional adventure trail. It has one big thing going for it: It’s more suitable for beginner climbers than most other African mountains. It also has waterfalls, warm springs and lots of large caves. The Ugandan town of Mbale near the Kenyan border is the gateway to Mount Elgon.
Dana Sanchez, 10:40 am
Women must get a husband’s permission to obtain identity cards in at least two African countries. However there are many African countries where women have unequal access to property, land and tenure rights. This hinders women from contributing to their countries’ economic growth, the African Development Bank says. The finance institution was established in 1963 to contribute to African economic development and social progress. It provides financing to African governments and private companies. So how much money are we talking about? In 2015 alone, AfDB disbursed $8.8 billion US.
Dana Sanchez, 11:41 am
Europe’s largest automaker is expanding in Africa, hoping to open an auto assembly plant in Rwanda and also pilot ride-hailing and car sharing services. VW’s move into “app-based integrated mobility” in Rwanda is significant for two reasons. It’s happening in an African city and it’s a new business model for future urban mobility. Rwanda does not have an established vehicle industry and Uber hasn’t entered the market yet. VW isn’t just competing with Uber. Other ride-hailing services are looking for new markets in Africa.
Dana Sanchez, 7:00 am
You need a visa to visit Eritrea, and another permit to go to Eritrea’s Dahlak Archipelago, a chain of 124 small islands and two larger ones in the Red Sea near Massawa. Off the beaten path doesn’t begin to describe it. You can expect pristine beaches and unparalleled marine life with few other tourists for miles. Dahlak’s pearl fisheries have been famous since ancient times. Charter yachts can be hired for scuba diving and pearl fishing. During years of war, fishery came to a halt in the area. The unexpected result of isolation? There are lots of fish and they aren’t shy.
Dana Sanchez, 2:32 pm
The U.S.’s National Basketball Association is on a fast track to build a brand in soccer-crazy Africa. The NBA held its first game in Africa in August 2015.
Now it’s launching its first African basketball academy for boys and girls. This will be the NBA’s sixth academy globally. This is its latest move to unearth talent from outside the U.S. and extend the league’s reach into new territories. Amadou Gallo Fall, the NBA’s vice president for Africa, is originally from Senegal.
It’s Back: South Africa Invites Foreign Financing ‘Solutions’ On Nuclear Fleet, Cites Koeberg SuccessBy Dana Sanchez, 12:46 pm
Nuclear fleet South Africa – it’s back. After many delays, SA has invited foreign financing solutions, formally jumpstarting its stalled nuclear build program. It put out a request for information from potential foreign contractors. Despite public protests, the government wants to build a new fleet of nuclear power stations. A RFP was delayed following reports that Russia had already secured the deal. France, U.S., China and South Korea are interested too. One thing SA has on its side is experience.
Dana Sanchez, 2:53 pm
Sentebale means “forget me not” in in Sesotho, the language of Lesotho. That’s the name of Prince Harry’s charity, which helps the littlest victims of Lesotho’s HIV/AIDS epidemic. Harry stars in a new documentary about Lesotho. On his first visit, he was struck by Lesotho’s raw beauty, but also by the many children whose lives were shattered by HIV. Lesotho is often overlooked by travelers to Africa, but once people venture within its borders, they fall in love with the country, writes Lucy Corne for AFKTravel.com.