Angola: Latest News
Peter Pedroncelli, 9:00 am AFKI Original
Africa loves the beautiful game, and the popularity of soccer has created fertile ground for brands to provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These brands sponsor African soccer and provide funding to take the game forward. We take a look at 8 big brands that are involved in sponsorship of soccer on the African continent.
Kurt Davis Jr., 8:45 am AFKI Original
South African commodities will likely feel more pain in the second half of 2016. Some argue that a potential sale of Barclays Africa is influenced by the significant drop in its value relative to the rand and the subsequent effect on the JSE. Customers in Africa, at the end of the day, all want better access to financial services. Banks must be efficient, competitive and reduce cost to retail customers in mature and immature markets. That would benefit the entire continent, not simply Southern Africa.
Dana Sanchez, 12:04 am
What makes one an expat? The term embodies a double standard, according to one source. Many African governments have made it difficult for companies to get work permits for expats, hoping instead to fill executive positions locally. One alternative for multinational companies is to recruit Africans returning from the diaspora. This aligns with the push in most African countries for indigenisation – a policy to use local people to fill senior positions rather than going expat.
Staff, 5:15 am
The first quarter of 2016 has proven to be difficult with few bright spots across sub-Saharan Africa economies. According to Africa’s Pulse, the World Bank’s twice-yearly analysis of economic trends and the latest data for the region, economic activity in Sub-Saharan Africa slowed in 2015 to its lowest rates since 2009 with GDP growth averaging only 3.0%, down from 4.5% in 2014. The plunge in oil prices and other commodities is the primary reason for the economic downturn.
Julia Austin, 10:35 am AFKI Original
French-Tunisian graffiti artist el Seed uses Arabic calligraphy and has been featured on the Ted Talks blog for the art form he named calligraffiti. Cities around the world have commissioned el Seed to paint his murals on their walls — murals that inspire hope and unity. He often includes famous quotes in his work. Artists can reshape the way the world sees a place — and its people. Here are 8 young African entrepreneurs rebranding the continent.
Kevin Mwanza, 10:17 am
An outbreak of yellow fever that started in Angola in December has spread to at least 16 other countries threatening to hurt travel business in Africa the way the Ebola virus in West Africa did a few years ago. This is the worst yellow fever outbreak recorded in over 30 years and has already killed 238 people and affected thousands others in several countries in sub-Saharan Africa, including Angola, Uganda, Rwanda and the Democratic Republic of Congo
Kurt Davis Jr., 10:50 am AFKI Original
East Africa has depended on economic diversity and local entrepreneurship to keep the economic pace in the past decade. The East African Community accordingly will expand faster than its peers. Lower import bills, less currency volatility and comparatively more foreign investment will bode well for the region’s growth and performance. It is hard to ignore how the integral parts of the system – the banks – do not benefit from that prognosis.
Peter Pedroncelli, 5:52 am
New FIFA president Gianni Infantino has suggested that Africa should receive two more World Cup qualification spots if his plan to expand the flagship competition from 32 to 40 teams is successful. Swiss UEFA Secretary General Gianni Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.
Staff, 5:07 am
The yellow fever outbreak that started in December 2015 has killed hundreds of people in Angola. The often fatal mosquito-borne disease has now spread to the Democratic Republic of Congo (DRC) where it has already killed 21 people. The present outbreak is the worst in Angola in over 30 years and the disease has since spread to 16 or the country’s 18 provinces. This week, the DRC is reporting that 21 people have died from yellow fever, many of the deaths being people who had contracted the disease in Angola.
Dana Sanchez, 4:41 pm AFKI Original
Founded by an entrepreneurial Angolan couple, AJS transported goods in and out of Luanda during the Angolan civil war when no one else would. The family-owned company didn’t just survive. It’s now Angola’s No. 1 logistics provider, and wants to tell its story to the world at a time when competition is mounting. Logistics and transport are often cited as some of the best investment opportunities in Africa. AJS CEO Luis Silva talked to AFKInsider about how the company is differentiating.
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