Angola: Latest News

  • Namibian Cosmetic Manufacturing Firm Aiming To Be A Global Success

    Sandra Mwiihangele created Kiyomisandz, a cosmetic manufacturing company in Namibia. (Photo: Sandra Mwiihangele) By 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.

  • Top 5 Women In Africa Influencing Politics And Economies

    Isabel dos Santos is one of the most influential women in Africa By 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.

  • High School Dropout From Zimbabwe Builds Botswana’s Biggest Ad Agency

    Botswana's biggest ad agency By 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.

  • Global Entrepreneurship Meetup Group Startup Grind To Kick Off Its First Event In Angola

    By 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.

  • Angola Has Ambitions To Emerge As A Major Competitive Technology Force In Africa

    competitive technology force By 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.

  • African Financial Services In 2017: Buying Low For The Upside

    African financial services By 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.

  • 12 Biggest African Recipients Of Foreign Aid From The United States

    Biggest African Recipients Of Foreign Aid From The United States By 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.

  • Rent Is Falling In Oil-Exporting African Countries As Expats Exit

    Rent is falling in oil-exporting African countries By Dana Sanchez, 10:10 pm

    Luanda is still the world’s second most expensive city for expats after Hong Kong, but rent for office space fell almost 50 percent in the past two years. Demand has virtually ground to a halt in the region’s top oil-producing country. Rent has has also fallen for office space and luxury homes in Nairobi, where there’s an oversupply. Kenya became a hotspot for oil and gas exploration in 2012. With the price of crude down more than 50 percent since mid-2014, Nigeria, the region’s second-largest oil producer, is in recession. One bright spot: industrial space rent is rising in Kenya.

  • Low Asset Prices Present Investment Opportunities In Lusophone Africa

    investment opportunities in Lusophone Africa By Kurt Davis Jr., 2:33 pm AFKI Original

    Investors are strategically betting on the upside in Francophone Africa due to strong economic growth rates and a stable CFA franc. Lusophone Africa also presents opportunity. Low assets prices have replaced the exorbitant numbers of the oil-and-gas heyday, particularly in Angola and Mozambique. Debt restructuring can restore some confidence in Mozambique’s economic system. Private investors are finding a government more willing to deal on better terms, and companies that are pricing assets at fairly digestible prices.

  • 13 African Countries With The Highest Central Bank Interest Rates

    Interest rates in Africa By Peter Pedroncelli, 3:05 am AFKI Original

    Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.

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