Angola: Latest News
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.
Dana Sanchez, 12:30 pm
Lack of information on emerging markets prevents even standard comparative analysis of economies when deciding where to invest. It’s even worse in the private sector. Low-quality data may be useful in some cases but can quickly undermine corporate reputations. This reality displays the need for new actors in the data aggregation and publication space — actors like the U.S. government. An Asian-American congresswoman from Queens is working on finding money to do that.
Lillian Mutiso, 5:30 am AFKI Original
In recent years, African countries have increased spending on their militaries. This is mainly due to the need to fight terrorist organizations and rebel factions that have emerged across most parts of the continent. According to data compiles by SIPRI, while African countries don’t spend much on their militaries compared to developed nation, the ratio of annual budget spent on armies on the continent is among some of the highest in the world.
Dana Sanchez, 5:35 pm
Mauritania had the steadiest and fastest growth in the North Africa region in 2015, supported by sound macroeconomic and structural policies, the U.N. reported. Angola showed strong GDP growth despite low oil prices as the government invested in strategic non-oil sectors such as electricity, construction and technology. Guinea and Liberia returned to positive growth following the Ebola outbreak. Most countries in Central Africa maintained relatively high growth. Mozambique and Zambia recorded the highest growth in Southern Africa.
Dana Sanchez, 4:19 pm AFKI Original
Several theories link polygamy to poverty. Both are widespread in sub-Saharan Africa. Scholars suggest that polygamy reduces investment in girls’ education. But some of Africa’s wealthiest and most influential people engage in the controversial practice, which is legal in much of Africa. The debate around polygamy is fierce in Africa. Some argue men are polygamous “by nature.” What about women? Others say polygamy has no place in modern Africa. Here are 8 things you should know about the economics of polygamy in Africa.
Dana Sanchez, 10:48 am
The cable will connect Luanda to Fortaleza, Brazil, where it can be connected to another cable system to Miami, enabling Angola to connect directly with the U.S. The main beneficiaries of sub-Saharan Africa’s cables will likely be large domestic companies and multinational corporations operating in Africa, says an international trade expert. Many hope undersea cables’ transmission capacity will stimulate demand for Internet and promote economic growth. Undersea cables transport 95% of international telecommunications traffic.
Dana Sanchez, 6:34 pm
South Africa’s tourism industry has seen its ups and downs, and right now, it’s up, thanks in part to Chinese tourists. Tourist arrivals from China were up 93 percent in January. A fairly horrible year in 2015, SA tourism was hurt by Ebola fears over an outbreak thousands of miles away and changes in the country’s visa regulations. Tourism contributed more than agriculture to SA’s GDP in 2014.
Kurt Davis Jr., 3:58 pm AFKI Original
The commodities downturn and slowing growth instill fear in some investors. But the underlying fundamentals of West Africa and Central Africa are positive. Nearly a third of adults in West Africa have a bank account. Throw in a very young population — 44% of West and Central Africa is 14 years old or younger. Mobile banking becomes a massive opportunity if you digest these demographics in the long term. The commodity decline is changing the Africa rising story. The financial services sector deserves not to be wrapped up in the anxiety.
Peter Pedroncelli, 8:23 am AFKI Original
The African national teams are currently involved in Gabon 2017 Africa Cup of Nations (AFCON) qualifying with matches to decide the teams that will progress to the next round of the qualification campaign to take part in the Nations Cup in early 2017. There are many fixtures taking place, with some of Africa’s best national teams involved in the campaign in an effort to earn their ticket to Gabon and a chance to be champions of Africa.
Dana Sanchez, 12:21 pm AFKI Original
The world’s poorest people spend the most on water, and some of the countries with the worst access to safe water are in Africa. Africa, ironically, has possibly 20 times more water stored naturally underground than the 8,000 cubic miles of water visible in its lakes and rivers. Stakeholders are calling for sustained investment in water wells and pumps. Check out the 10 countries with the worst access to safe water.
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