Staff, 3:04 pm
Efforts to set up a BRICS credit rating agency hit a roadblock Sunday. China is concerned and not in favor. Some members worry about lack of credibility and access to dependable data as they take on Wall Street’s Big 3 — S&P, Fitch and Moody’s. Fraud charges against South African Finance Minister Pravin Gordhan have raised fears the country is moving closer to a junk rating by Wall Street credit ratings services.
Staff, 1:08 pm
Russian and Egyptian airborne forces are conducting first-ever joint military exercises in Egypt, the Russian Defense Ministry said Saturday. The drill, code named “Defenders of Friendship 2016” is aimed at practicing joint anti-terrorist actions. Russia brought quad bikes to cross terrain inaccessible to tracked or wheeled armored vehicles. In 2015 the Russian and Egyptian Navies conducted first-ever joint naval drills in the Mediterranean.
Staff, 12:19 pm
Bitcoin remittances in Africa have not really taken off. The slowness of blockchain-based digital currency has been compared to the internet’s slow start, and how web use eventually became mainstream. Few consumer friendly applications have been created yet. Merchant adoption has been sluggish and there has been a lot of negative press regarding scams, money laundering and underground markets. Bitcoin growth is set to become exponential, especially in Africa. There are a number of reasons.
Staff, 7:19 am
Whale-watching season — June to September — just ended in South Africa. This is a good time to book for next year. Some of the best land-based whale watching can be found at De Kelders and De Hoop Nature Reserve. Don’t limit yourself to Hermanus. The Overberg region of the Western Cape is often overlooked, but it’s among the most beautiful destinations in South Africa with many luxurious escapes, five-star hotels, spas, boutiques, award-winning restaurants and wineries.
Staff, 7:54 am
On Tuesday, October 4, the Lagos State government appointed a convicted credit card fraudster and fugitive to head its Safety Commission. If approved by the House of Assembly, Hakeem Dickson, a former Internal Auditor at the now defunct Nigeria Airways, will resume as the Director General of the Lagos State Safety Commission despite fleeing from a 24-month jail term in the U.S.
Staff, 7:50 am
Durban is the largest “Indian” city outside India. That makes it curry central, and eating a spicy Indian dish here should top your tourist to-do list. Along with India’s well-known curry dishes like rogan josh you’ll find local concoctions such puri patha and the famous bunny chow. When you eat fiery curries in Durban’s sticky humidity, be prepared to feel the heat. Here’s the top pick of Durban’s best restaurants for curry.
Staff, 7:37 am
Dunkin’ Donuts brought its sprinkled donuts, drizzled danishes, and syrupy iced coffees—along with some of America’s poor dietary choices—to South Africa this week. Ironically, its grand opening coincided with national nutrition week, one of the health department’s efforts to get South Africans to eat healthier. The US food chain opened its first store in Cape Town on Oct. 13. Grand Parade Investments,
Staff, 7:22 am
Dutch suppliers have halted imports and production at their Ethiopian operations after anti-government protesters damaged their facilities. Prices have spiked in the Netherlands for products such as fine beans and exotic vegetables due to the disruption in supply from Ethiopia, with Kenya and Zimbabwe helping to fill the immediate sourcing gap.
Staff, 7:07 am
Perched above Lake Malawi is Livingstonia, a village of mud huts, limited electricity, and a huge Victorian church. The stone used to build the church was brought by ship from Scotland in the early 20th century. It probably seemed like a good idea at the time. “Of course we are proud” says a baker. “No other village has a building made from the best Scottish stone!” An emaciated woman shouts for my attention. She runs after me waving a 1000 kwacha note ($2.50) and stuffs it into my hand on the empty street. It had fallen from my pocket.
Staff, 12:01 am
Milk consumption in Africa is the lowest in the world. The continent has more than 10 percent of the world’s cattle, but contributes less than 3 percent to global milk production. African countries import more than $500 million worth of milk a year from Europe and North America. Ghana’s dairy industry has been plagued with challenges including lack of modern technology. Most dairy farmers milk cattle the traditional way, and don’t know where to market their product.