Peter Pedroncelli, 4:39 am
South African telecommunications giant Vodacom is in the process of acquiring a majority stake in Kenya’s largest company and major East African telecoms firm, Safaricom. The announcement was made on Monday, with a proposed 34.94 percent indirect stake set to be bought from the Kenyan government. The stake is worth 284 billion Kenyan shillings or around $2.76 billion, based on Safaricom’s current share price on the Nairobi Securities Exchange.
Peter Pedroncelli, 6:31 am
The CodeBus Africa initiative, which sees African and Finnish programmers and tech experts working together to run coding workshops for young people throughout Africa, is aimed at inspiring a new generation of coders who will create innovative tech on the continent. The CodeBus Africa project is essentially a 100-day tour through 10 countries on the African continent, with Finnish and African innovators collaborating as part of Finland’s official 100th-anniversary celebrations.
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Peter Pedroncelli, 5:53 am
Cape Town has been named the best business tourism destination on the African continent once again, a ranking produced by the International Congress and Convention Association (ICCA) revealed. The Mother City is now considered the 39th best business tourism hub in the world, having improved last year’s ranking by 15 spots. In the last financial year, the city secured 33 new bids with an estimated attendance of 28,000 delegates and an estimated economic impact of around $31.7 million, while conferences over the past six years have had an estimated economic impact of more than $112 million.
Peter Pedroncelli, 6:09 am
Nigeria is looking to invest in plans to expand electricity generation and capacity with a proposed $5.2 billion loan from the World Bank, thereby boosting economic recovery following the country’s first contraction in a quarter of a century. Nigeria’s power, works, and housing minister Babatunde Fashola has identified the loan amount as a requirement in order to address the issues that the country has in terms of distribution of power, transmission-capacity and poor access to electricity in rural areas. These issues have a knock-on effect for the economy, and addressing these would allow for improved electricity capacity for Nigerian private and public enterprise
Peter Pedroncelli, 4:18 am
In an effort to attract foreign direct investment back to the country, Egypt has passed a law that is designed to cut red tape and make conducting business in the country far easier. Along with reducing bureaucracy for new business ventures in the country, incentives have been created in order to attract businesses to return to the North African nation. Egypt’s economy has been struggling in the last six years since the 2011 uprising that saw Hosni Mubarak overthrown as Egyptian president.
Peter Pedroncelli, 4:30 am
Seven South African biotech, health, agro-processing, and manufacturing projects have received a funding boost from the Cape Craft and Design Institute (CCDI) through their Design Innovation Seed Fund (DISF) initiative. The grants, which form part of the Cape Craft and Design Institute’s second round of seed funding, will allow for the innovative projects to be developed for use in a variety of sectors that will benefit from the ideas in development.
Peter Pedroncelli, 3:09 am AFKI Original
African consumers are increasingly able to enjoy numerous global tech brands due to a growing middle class on the continent that is savvy and mindful of what brands can offer them. Many of these brands have earned the admiration and loyalty of African consumers, with BrandAfrica ranking them in terms of the most admired brands from an African perspective. We take a look at 12 of the most admired global tech brands according to Africans.
Peter Pedroncelli, 5:49 am
The World Health Organization has admitted that a new Ebola outbreak is something of an inevitability due to the nature of the virus, but the group is confident that the world is now better prepared to combat an outbreak thanks to the successful vaccine that has been developed and tested. The Ebola crisis that began in December 2013 hit West Africa hard, killing 11,300 people in Guinea, Sierra Leone, and Liberia while leaving thousands of survivors with long-term health problems. The urgency of the previous epidemic led to the development of a new vaccine and rapid-response measures that are designed to quickly assist with an Ebola outbreak.
Peter Pedroncelli, 7:57 am AFKI Original
Many of the countries with the poorest access to electricity are in Africa, with around 625 million people in sub-Saharan Africa devoid of any access to electricity whatsoever. Due to issues such as insufficient capacity, poor reliability, and high costs, only around 32 percent of the population within sub-Saharan Africa have access to electricity. We take a look at 12 Sub-Saharan African countries with the poorest access to electricity.