Dana Sanchez

  • Mugabe Says Give Trump A Chance To Lift Sanctions Against Zimbabwe

    lift sanctions against Zimbabwe By Dana Sanchez, 10:26 am

    Mugabe has long opposed Western intervention in Zimbabwe and has accused opponents of being sponsored by the U.S. He hopes Trump’s America First platform bodes well for Zimbabwe. Mugabe said he was glad that Democratic candidate Hillary Clinton lost the election. He was afraid she would renew sanctions on Zimbabwe. In his last week in office, Obama renewed the sanctions on Zimbabwe for another year. “Why did he (Obama) have to do it? Why didn’t he leave it to the incoming incumbent to make his own decision?” Mugabe said on state-run TV.

  • Upsurge In South African Xenophobic Attacks Sparks Fears Of More Violence

    South African xenophobic attacks By Dana Sanchez, 12:10 am

    Immigrant communities in South Africa have been reporting an upsurge of xenophobic violence for weeks, raising fears that anti-foreigner sentiment could spark a recurrence of attacks that claimed 67 lives in 2008 and 2015. Residents have complained on social media that foreigners are selling drugs and forcing South African girls into prostitution. A demonstration is planned on Feb. 24 to protest against the presence of Nigerians, Pakistanis and Zimbabweans.

  • Nigerian Firm Plans Luxury E-Commerce Platform For The Ultra Rich

    Nigerian firm plans luxury E-commerce platform By Dana Sanchez, 1:01 am

    Local Nigerian appetites for luxury appear to be intact, despite the country’s financial hardship since crude oil prices fell off a cliff. Trendy hotspots are constantly appearing. There are rumors of a Nobu restaurant under construction. When wealthy Nigerians want a shopping spree without the airfare to London, some go to Polo Luxury, which operates luxury retail outlets across West Africa. Jennifer Obayuwana is executive director of the company founded by her father. She spoke to Forbes about the planned March launch of Polo’s luxury online shopping platform – a first of its kind in Africa.

  • Naspers Competes With Netflix In Europe By Offering Hyper-Local, Original Content

    Naspers competes with Netflix in Europe By Dana Sanchez, 11:07 am AFKI Original

    South African media giant Naspers is launching its 18-month-old internet TV service ShowMax in Poland. It plans to provide hyper-local content and original productions rather than trying to compete with expensive shows designed to appeal to audiences worldwide. It’s competing with the much older, bigger, more established U.S. firm Netflix, which launched in 1998. Netflix is also commissioning original content, but it has an overseas problem, one commentator said. “It just doesn’t have the amount of local content that some of the (streaming and pay TV) competitors have.”

  • The Market For African Beach Sand: Who’s Buying, Selling And Mining It?

    By Dana Sanchez, 5:34 pm

    With its island-building binge, Dubai is a big customer for African sand. So are Africa’s expanding concrete manufacturing giants. For the island project “The Palm Jumeirah,” Dubai used 200 million cubic meters of sand and stone. Some of the sand came from the sea off Dubai’s coast but a large amount came from African beaches. In Cape Verde, one in three people is unemployed. Sand mining is a fast way to earn money. The consequences of excessive sand mining are devastating. On beaches where tortoises once buried their eggs, there is now only dirt and stones.

  • Using Social Media For Rand Rigging: 17 Banks Face Fines By South Africa

    rand rigging By Dana Sanchez, 2:10 pm

    The South African rand lost almost half its value against the U.S. dollar over the past five years as the country struggled through economic crisis. Zuma welcomed the investigation, saying the government is prepared to act against distorted financial markets “to protect our country’s economy.” He said the financial sector needs new players to diversify, and the government plans to establish a state bank. South Africa’s competition watchdog recommends fines of 10% of banks’ annual in-country turnover.

  • Swedish Furniture Giant Ikea Plans An All-African Collection In 2019

    Ikea Plans An All-African Collection By Dana Sanchez, 4:16 pm

    The world’s largest furniture and homeware store, Ikea, has collaborated with some of the best designers in seven sub-Sahran African countries to curate its first African collection in what is described as an effort to “democratize design.” Ikea says it wants to tap into the “creative explosion” happening across the continent. The furniture and homeware collection will focus on “modern rituals and the importance they play in the home.” The collection probably won’t be accessible in the African cities that inspired it. Ikea’s only African outlets are in Morocco and Egypt.

  • 12 Things You Didn’t Know About South Africa-Iran Relations

    By Dana Sanchez, 12:25 pm AFKI Original

    Since the Iranian Revolution in 1979, some members of the international community including the U.S. have accused Iran’s government of sponsoring terrorism. South Africa is not one of the accusers. On the contrary, South Africa is expanding trade and defense commitments with the Islamic republic, with plans to expand tourism ties between the two countries. A potential loss of tourists to the U.S. from Muslim-majority countries could be South Africa’s gain as President Donald Trump attempts a travel ban and threatens to tear up the Iran nuclear deal.

  • Opinion: Dodd-Frank Act Caused Violence In The Congo

    Dodd-Frank Act caused violence By Dana Sanchez, 2:34 pm

    Supporters of the conflict minerals rule say it successfully held manufacturers accountable for the minerals they source from DRC. Its suspension would “enrich abusive thugs” and could lead to the complete repeal of Dodd-Frank regulations, implemented after the 2007-2009 financial crisis to limit risky practices that caused the U.S. banking crisis. However a U.S.association of manufacturers estimates the law costs U.S. businesses $9-to-$16 billion. This led to the suspension plan by Trump, who campaigned on a pro-business platform.

  • VIDEO: Surfing In Skeleton Bay, Namibia, One Of The World’s Sharkiest Spots

    By Dana Sanchez, 9:59 am

    The waves seem to roll down the coast for miles. The water is cold and great white shark-infested, “but those barrels are oh, so inviting; inviting enough to forget the sharks, take the beatings, fight the current and try to pump that little rubber body of yours out the other side.” Skeleton Bay has been identified as one of world’s 10 sharkiest spots that you can’t help but surf. Its waves are “reeling, pale green lefthand zoomers that cull all nonsense and set the brain to froth overload … going and going like the Energizer Bunny.” There have been no recorded shark attacks there yet, “but ask anyone who’s surfed there and they’ll tell you: The vibe is there.”