Business: Latest News

  • Here Are 7 Challenges Facing African Tech Startups

    Here Are 7 Challenges Facing African Tech Startups By Staff, 10:03 am

    Strategy, promotion and partnerships are critical elements. What did panelists at the recent Africa Tech Summit London think were the major challenges to launching and monetizing tech solutions on the continent?

  • Cape Town To Host African Angel Investor Summit In November

    By Staff, 9:33 am

    The African Business Angels Network (ABAN) has announced it will host the fourth edition of its African Angel Investor Summit in November, with this year’s event moving to Cape Town for the first time.

  • Private Equity Enters New Phase In Africa

    private equity Africa By Staff, 8:48 am

    According to the African Private Equity and Venture Capital Association (AVCA), a total of US$6.5 billion has been raised for African PE from 2011 to 2016.

  • 12 Sub-Saharan African Countries With The Poorest Access To Electricity

    poorest access to electricity By 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.

  • Rwanda’s Partnership With Microsoft Boosts Online Education Roll Out

    made in rwanda - Online education By Peter Pedroncelli, 7:22 am

    The Rwandan government’s partnership with Microsoft is benefiting efforts to roll out online education initiatives that are envisaged to become standard across the country in the next three years. The giant American multinational technology company is working with the Rwandan authorities in the pursuit of their short and long-term objectives to make Rwanda a digital learning pioneer on the African continent. By June this year, the Rwandan government is aiming to see around 50 percent of all subjects taught online.

  • 6 Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa

    Six Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa By Peter Pedroncelli, 3:49 am

    The annual World Economic Forum on Africa will see a selection of impressive women tech entrepreneurs taking center stage in Durban, South Africa, with the aim of showcasing the wealth of entrepreneurial talent available on the continent. The 2017 meeting runs from Wednesday, May 3 to Friday, May 5, and will be conducted with the wider theme of “Achieving inclusive growth through responsive and responsible leadership” in mind. Women continue to be an important driver of African economies, with one-third of all businesses across Africa owned by women.

  • Bitcoin Soars To An All-Time High: What It Means For Africa

    Bitcoin soars to an all-time high By Dana Sanchez, 5:07 pm

    Bitcoin surged today above $1,400. Its most recent rise is attributed to strong demand in Japan, where the digital currency is designated legal tender. Most African banks charge 10-to-19% on remittances. Bitcoin has started taking a bite out of the $4B trade from international transfers to Africa, but it’s still moving slowly. The U.S. Securities and Exchange Commission is credited with helping boost the value of bitcoin. The Winklevoss brothers — disputed founders of Facebook — applied to list a proposed bitcoin-tracking exchange-traded fund, and were initially rejected. The SEC is reconsidering.

  • Demand For U.S. Investment Visas From Rich South Africans Doubles

    Demand For U.S. Investment Visas From Rich South Africans Doubles By Peter Pedroncelli, 6:00 am

    The number of wealthy South Africans looking to attain U.S. investment visas more than doubled from 2014 to 2015, with many considering the benefits and advantages of having an exit plan during economic and politically unstable times. Recently released data revealed that South African demand for US EB-5 visas, which enable investors in American companies to obtain a green card, increased noticeably since 2014. A U.S. EB-5 visa can be attained by investing at least $1 million (or $500,000 for projects in a “targeted employment zone”) and creating more than 10 full-time jobs in the U.S. within two years.

  • Opinion: Malaria Vaccine Will Increase Travel, Remove Trade Barriers In Africa

    By Staff, 9:41 pm

    Many South African business leaders say that malaria is among the top reasons they do not travel to other African countries. The world’s first malaria vaccine will undergo trials in Kenya, Ghana and Malawi in 2018, possibly heralding victory over a disease that still kills close to 500,000 people a year, mainly Africans. Although health is a cardinal element of the human development index, this is not a health story, but an economic and a human story. Africa’s bid for economic self-reliance stands to benefit from a malaria vaccine.

  • US Maker Of Bulletproof Cars To Outfit S. African Anti-Poaching Helicopters

    anti-poaching helicopters By Staff, 8:14 pm

    A U.S. company that builds bulletproof cars has contracted to outfit four helicopters for South Africa’s Anti-Poaching Task Force. Heavily armed poachers have become more aggressive, firing on agents as they patrol overhead in helicopters. International Armoring developed lightweight, high-tech fiber materials which weigh up to to 60 percent less than traditional bulletproof armor. “Just like the cars, our focus (with the helicopters) is on the passenger compartment, allowing them time to react and get out of a dangerous situation,” the company president said.

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