Angola: Latest News
Staff, 8:59 am
Angola is taking the world by surprise. With the recent explosion of advancements in healthcare, technology, and transportation the continent is seeing a major shift in the way of life. Luanda even now takes the number one spot for the most expensive city in the world for expats. Becoming one of the world’s most expensive cities isn’t always perceived as a positive. This is especially true for the native people of Luanda who are also affected and not yet adjusted to the big change in economy.
Kurt Davis Jr., 9:47 am AFKI Original
The re-election of the People’s Movement for the Liberation of Angola (MPLA), and a brave decision by Jose Eduardo dos Santos to step down should be celebrated, but with this development comes a list of opportunities and challenges. The stepping down of President dos Santos should not be understated for its rarity in the context of politics in other sub-Saharan African countries.
Staff, 9:20 am
Two years after it was announced, the Senegal Internet Exchange Point (SENIX) is scheduled for official launch on 29 August, according to Cheikh Bakhoum, Chairman of the Board of Directors at SENIX and Director General of Senegal’s State Information Technology Agency (ADIE). Bakhoum said the exchange point would be launched in the country’s capital city of Dakar and would bring about a revolution in the country’s telecoms ecosystem. SENIX is the result of collaboration between 23 partners.
Ann Brown, 3:09 am AFKI Original
Sandra Mwiihangele has a great passion for cosmetics and entrepreneurship, leading her to create Kiyomisandz, a cosmetic manufacturing company in Namibia. The 29-year-old businesswoman has been successful, but she remains ambitious. Mwiihangele wants Kiyomisandz to grow into a respected African business and international brand that can compete with the likes of L’Oréal, Revlon, and The Body Shop.
Kurt Davis Jr., 10:44 am AFKI Original
Women continue to be key stakeholders on the African continent, both in an economic and political sense, and certain influential women have already played their part in the African context during 2017. From Nigeria to Zimbabwe, the likes of Isabel Dos Santos and Grace Mugabe have had an incredible influence on the African continent, along with a few other important women.
Ann Brown, 5:46 pm AFKI Original
At age 18, Knight Ganje knew he wanted to be a businessman. When a friend invited him to visit Botswana he persuaded his mother to let him go. Once there he started taking odd jobs such as painting to survive until a local entrepreneur decided to mentor him, and the rest is history. Fast-forward 11 years and high school dropout Ganje is at the head of H&G Advertising Group, Botswana’s biggest ad agency with a turnover of $38 million annually and clients that include Unilever, Emirates, Coca-Cola, and Samsung.
Staff, 7:25 am
Angolan entrepreneurs will get access to regular entrepreneurship talks and information when global entrepreneurship meetup group Startup Grind kicks off its first event in Luanda. The event, on July 5th at the Belas conference center in Luanda, will feature agribusiness specialist Marcia Gomes, who will talk on soil quality and the tech behind agriculture. Founder of entrepreneurship news site Acelera Angola and the head of Startup Grind Luanda Jose Carlos dos Santos expects about 50 people.
Staff, 8:52 am
Angola has ambitions to emerge as a competitive technology force and internet hub in Africa. Hans Geldenhuys, Managing Sales Director at Intelsat Africa, say the Southern African country is undergoing a technology transformation underpinned by an increasing need for connectivity and innovations. According to data from the International Telecommunications Union, Angola’s ICT and telecoms sector has recorded an annual growth rate of 55 percent over the past 10 years and has 14 million consumers.
Kurt Davis Jr., 5:03 pm AFKI Original
The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.
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.
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