Business: Latest News
Staff, 12:14 pm
A New York pizza chain is taking extreme measures to keep its pizzas authentic when it opens a pizza parlor in Accra, Ghana — its first in Africa. “I want to have the exact same pizza as in New York City,” said Dan Isaacs, co-owner of the new franchise shop scheduled to open on May 1. “New York City water has a very unique chemical composition and taste to it. I’m a purist — I wouldn’t want to do anything less than the original.” Famous Famiglia has 16 shops in NYC and more than 100 across the U.S. and overseas. It exports NYC water to other overseas shops in Mexico, Canada, China and Ecuador.
Dana Sanchez, 11:11 am
Facebook wants to connect everyone in the world with its social network, but that’s hard to do if the world doesn’t have internet access. Facebook, Google, and Microsoft are building their own networking infrastructure on land and across the seas rather than just leasing bandwidth connections operated by telecoms. In doing so they’re assuming a role traditionally played by telecom companies. Facebook has announced plans to lay nearly 500 miles of fiber cable in Uganda by the end of the year, infrastructure it believes will provide internet access for more than 3 million people.
Dana Sanchez, 9:08 am
The allegation that Nigerians are taking up jobs that could otherwise go to black South Africans is false. Nigerians employ local people in their small businesses. The claim that Nigerians are destroying the moral fabric of the South Africa through drug peddling and prostitution is not entirely true. Yes, some Nigerians may be in the business but their number is negligible. They are however loud and showy, which could trigger envy. Most Nigerians in SA are legitimate — academics, professionals, artisans and other needed service providers. When Nigeria helped SA in its liberation struggles, “we were called brothers. Now, we are expendable strangers.”
Peter Pedroncelli, 3:20 am AFKI Original
Africa loves soccer, and the popularity of the sport has inevitably attracted soccer sponsors that provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These global and local brands are important to the development of the sport, ensuring that the most popular brands on the continent are associated with the regional and continental competitions that command the most attention and support from fans. We take a look at 12 soccer sponsors that are involved in sponsorship of the beautiful game on the African continent.
Kurt Davis Jr., 10:34 pm AFKI Original
Equatorial Guinea is not the easiest place to get to, or the easiest place to understand. Sub-Saharan Africa’s third-largest oil producer is aggressively spending oil revenue on building roads, schools, hospitals and housing. First-time visitors to this closed, mysterious country will encounter easily navigated highways. The government is constructing Oyala, a planned city deep in the rainforest, to possibly replace Malabo as the capital. Oyala will feature new government buildings, a university, five-star hotels and conference centers. Kempinski, one of Europe’s oldest luxury hotel groups, plans to operate the first Oyala hotel and golf resort.
Dana Sanchez, 1:01 am
Namibia is one of youngest countries in the world, gaining independence in 1990. Its capital is the place to experience its modern culture and energy. Begin at the Post Street Mall, Windhoek’s main shopping district. There you’ll find a sculpture made from 33 meteorites that dumped 21 tons of mostly ferrous iron rocks some 600 million years ago. The Nama people discovered the meteorites and turned the fragments into weapons and tools. Today, pieces are incorporated in local jewelry designs.
Dana Sanchez, 4:10 pm
For many Western companies, Africa is a fresh start — an opportunity to build facilities and processes that are environmentally friendly and safe. And don’t forget the tax breaks. Manufacturing in Africa is expensive, training and the quality control are expensive. Most apparel will continue to be made in Asian countries where labor is still relatively cheap and infrastructure, in place. But in China, the world’s apparel manufacturing leader, wages have increased 80% since 2010.
Dana Sanchez, 2:33 pm
South African president Jacob Zuma discourages the use of the “X” word. “I think we love using phrases in South Africa that … cause unnecessary perceptions about us,” he said. “I think we are not (xenophobic).” A planned demonstration against immigrants and foreign-born South Africans turned violent Friday as police tried to control the crowd with rubber bullets, water cannons and stun grenades. Some South Africans say immigrants are taking their jobs, or are dealing in drugs and prostitution. Some migrants had their businesses and homes and robbed and looted in the past week.
Staff, 1:18 pm
Political instability and a strategic location in the Horn of Africa contributed to rising emigration from Ethiopia in recent years. Some Italian NGOs are trying to reduce the causes of illegal migration to Europe by educating locals on the risks. “We incentivize the development of micro-businesses to provide employment opportunities to young people,” one stakeholder said. Radiya Abdar, 28, found work through this project. She went to Kuwait, where she worked as a servant for $106 a month. “They took my passport and freedom,” she said. “They called me kaddama, slave.”
Some Ghanaians Believe Trump Will Restore Christian Values, Others Say He’s God’s Punishment To AmericaBy Staff, 4:32 pm
Many Ghanaians either supported Trump’s election, or are optimistic about his presidency. They believe Trump will restore America’s conservative Christian values. They aren’t really concerned with Trump’s seemingly never-ending string of controversial statements. Many expressed a souring for Obama over his support of gay rights and same-sex marriage; a lack of U.S. aid for struggling, African countries, and lack of progress for African Americans under his administration. “I see Trump as someone who is going to transform America. God is on his side,” said a Ghanaian broadcast journalist.
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