Business: Latest News

  • 10 Things You Should Know About Safari Surgery Nip-Tuck Tourism In South Africa

    By Julia Austin, 5:40 pm

    Plastic surgery can be expensive and risky. The best surgeons charge more. So how do those searching for a little nip-tuck reduce the cost without adding risk? Some travel to South Africa, where the exchange rate is good and many of the country’s surgeons are top notch. South Africa has seen a significant increase in black men and women opting for cosmetic procedures in the last decade or so. Black women prefer buttock augmentations, breast reductions, lip reductions and nip-tuck procedures. White women prefer nose jobs and liposuction, according to a South African plastic surgeon.

  • The Problem With EU Plan To Pay For Migrant Camps In Libya? Migration Is A Plus For Africa

    EU plan to pay for migrant camps in Libya By Dana Sanchez, 4:05 pm

    The E.U. wants to pay for migrant holding camps in Libya or neighboring countries that will be run by the U.N. and aid groups. There, in a supposedly “safe place,” migrants who want to attempt the treacherous Mediterranean crossing will be processed and returned before they ever attempt it. A similar deal with Turkey worked. The E.U. approach fails to recognize that migration is a positive thing for African countries which receive remittances from workers abroad and get rid of people who could politically destabilize the country, an analyst said.

  • Opinion: South Africans Are Not Really African. They Are Their Own Africa

    South Africans Are Not Really African By Staff, 11:55 am

    South Africa sees itself as a gateway to Africa and a spokesman for the continent. The rest of the continent doesn’t necessarily agree. African Union officials and observers of continental politics spoke anonymously on perceptions of South Africa’s policies and role in Africa. Respondents all raised similar concerns — paternalism, xenophobia, hypocracy and poor communication. Despite South Africa’s rhetoric of ubuntu (human kindness) and the African Agenda, its economic interests always come first, respondents said.

  • Help Wanted: 1000s Of Unfilled Software Jobs On A Continent Plagued By Unemployment

    unfilled software jobs in Africa By Tom Jackson, 10:02 am AFKI Original

    Africa is outsourcing great tech jobs to skilled workers on other continents. There are tens of thousands of unfilled software jobs on a continent plagued by unemployment, especially among its digitally savvy youth. Digital skills training is vital to Africa’s future, says the co-founder of CodeX, one of many companies in Africa trying to address the shorfall. Many of the continent’s challenges can be solved with tech solutions, but ultimately they must be solved by the people who understand the problems intimately – Africans themselves. Help is on the way. Here are some of the companies offering skills training in Africa.

  • Opinion: Size Doesn’t Matter In Competitive African Marketing Sector

    competitive African marketing sector By Ann Brown, 2:31 pm AFKI Original

    In Nigeria’s competitive advertising and marketing environment, Adaora Mbelu-Dania has learned that standing out sometimes means sitting down — at the table, that is — with agencies much larger than her own. A creative consultant, she counts among her clients a violinist, graffiti artist and contortionist. “Size does not matter,” she told AFKInsider. “We are a small agency, and have pitched for jobs alongside the popular or large agencies. We’ve been chosen over them several times. We are not afraid to sit at the same table as global agencies.”

  • No. 1 Indian Mobile Operator Airtel May Sell Stakes In 15 African Countries

    Airtel may sell stakes in 15 African countries By Dana Sanchez, 10:32 am

    Faced with an escalating price war at home in India, Bharti Airtel is looking to its African operations to reduce debt. India is one of the most competitive telecom markets in the world. The company lost $91 million in Africa in Q3 of 2016. Airtel has 22.14 percent market share in Nigeria and 34.1 million customers. Market observers in Nigeria say lack of access to foreign exchange for operators, falling revenue per user and customers’ lack of disposable income are hurting telecom operators in the country.

  • 12 Insightful Quotes From Africans At Davos 2017

    Kagame Tweet By Peter Pedroncelli, 7:00 am AFKI Original

    Last week Davos 2017 took place in Switzerland, with the annual week-long World Economic Forum meeting bringing together the world’s economic elite to discuss global issues and solutions to challenges that face the world at large. Africa plays a key part in these discussions, with politicians, business people and others with an interest in Africa’s economic future making their way to the gathering in order to contribute to various discussions. Here are 12 insightful quotes from African representatives who were present at Davos 2017.

  • How Africa’s Greenest Hotel Got $Millions Just For Being Green

    By Dana Sanchez, 3:21 pm AFKI Original

    There are not a lot of hotels near Cape Town International Airport. Most business and leisure travelers are in a hurry to get to Cape Town, or reluctant to leave, and understandably so, given the city’s many attractions. That’s why the 145-room Hotel Verde, a three-minute drive to Cape Town International Airport, feels like such a game changer. I stayed there on a trip to Cape Town and it felt like a glimpse into the future of the hotel industry. General Manager Samantha Annandale told me the hotel got at least $2.6M in free publicity just for being green.

  • Global Law Firms Bypass South African Alliances And Set Up Independent Offices For African Expansion

    global law firms bypass South African alliances By Dana Sanchez, 2:20 pm

    When apartheid ended, local law firms had unprecedented growth as SA re-entered the global economy. Leading law firms came calling and formed local alliances. “South African firms had to decide whether they wanted to be South African, African or global,” a stakeholder said. More recently, international firms have bypassed local ones, opening their own offices. SA is a jumping-off point for building networks of offices throughout the continent. Don’t expect the SA influx of international firms to end anytime soon, stakeholders say.

  • Leading Pan-African Infrastructure Financier Issues $150M Maiden Sukuk

    sukuk By Dana Sanchez, 11:22 am

    Islamic finance is in its early stages in Africa but the potential is getting huge attention from financiers on the continent, due in part to the demographic realities of Africa. Muslims account for 40 percent or more of the population in nearly half the countries in Africa. Africa’s infrastructure deficit needs around $90 billion in investment each year for the next 10 years, according to consulting firm EY. Sukuk could be an affordable way for African governments to fill the gap.

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