Kevin Mwanza, 10:10 am
247Solar, a company owned by U.S.-based private energy firm Wilson Solarpower Corporation, will build its first plant in South Africa as it starts off commercialization in the southern Africa region. The energy startup has partnered with Stellenergy (Pty) Ltd, a South African renewable energy company formed in 2013, to provide off-the grid electricity as the nation battles decreased electricity production
Kevin Mwanza, 9:11 am AFKI Original
Fidel Castro was a revolutionary leader and president of Cuba from January 1959 to February 2008 when he formally ceded power to his younger brother, Raul Castro, due to his ailing health. During his stay in power, Castro enjoyed good relations with African leaders and liberation activists such as the late Kwame Nkrumah of Ghana, Nelson Mandela of South Africa, Julius Nyerere of Tanzania and Augustinho Neto of Angola.
Kevin Mwanza, 9:29 am
Little Cab, a taxi-hailing app owned by Nairobi-based technology firms, Craft Silicon, and East Africa’s biggest telecommunication provider, Safaricom, plans to expand its operations to Uganda and Nigeria as it intensifies its market battle against the dominant U.S.-based taxi-haling firm, Uber. The decision is likely to change the app’s fortunes, whose increase in customers in Kenya has not led to a rise in its earnings
Kevin Mwanza, 8:29 am
Kiara Nirghin, a 16-year old South African schoolgirl, won the Google Science Fair’s Community Impact Award innovation prize, for her discovery that is set to help increase the soil’s ability to retain water. Nirghin, who won $50,000 in scholarship for the innovation undertook three experiments in 45 days to discover an orange peel and avocado skin mixture that is likely to replace the expensive and non-biodegradable super-absorbent polymers (SAPs).
Kevin Mwanza, 7:57 am
Kiira Motors Corporation, the Ugandan motor-vehicle manufacturer that produced Africa’s first ever solar-powered bus in February will not commercially produce similar buses for at least the next ten years, further pushing forward the continent’s dream of producing eco-friendly cars. The delay has been caused by lack of financial partners ready to support the Ugandan auto-maker venture into the market.
Kevin Mwanza, 7:43 am
Turkish companies have created over 10,000 jobs in Ethiopia, making them one of the leading foreign investors in the troubled horn of Africa country on the back of deepening financial and political relations between the two nations. The horn of Africa nation is the biggest recipient of Turkish Foreign Direct Investment (FDI) on the continent, attracting $2.5 billion of the total $6 billion by May.
Kevin Mwanza, 5:46 am
Burger King, the world’s second biggest fast food chain after McDonald’s, opened its Kenyan outlet on Monday, becoming the latest international food provider to enter the East African nation seeking to capitalize on its fast growing middle class population. “We are thrilled to introduce the Burger King brand in Kenya and look forward to giving our guests the opportunity to experience the great-tasting and high-quality products,”
Kevin Mwanza, 5:27 am
Uganda could become the first African nation to adopt legal regulations in the use of bitcoin in monetary transactions after hosting an event focused on the policy guidelines, legal and social-cultural issues on the use of crypto-currencies on the continent. The Ugandan government has left the digital currency, which is owned by BitPesa of Kenya, largely un-regulated since its entry into the region’s second biggest economy in November, last year.
Kevin Mwanza, 8:52 am
African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries. The Technology and Innovation in Developing Economies (TIDE) Fund 1 will invest in companies that use new technology to provide affordable services in the energy, agribusiness, financial, education and healthcare sectors
Kevin Mwanza, 7:07 am
The African Airlines Association (AFRAA) urged African governments to release about $ 2 billion in revenue owed to foreign carriers to avoid suspension or shut-down of operations on the continent. The pan-African body said that the Angolan, Nigerian, Egyptian and Sudanese governments have blocked repatriation of the earnings, which has also contributed to the turbulent market faced by several airlines.