Angola: Latest News
Keren Mikva, 8:47 pm AFKI Original
Mc Bright Kavari created a niche for his firm, Classic Fashion, as an elegant and dramatic fashion brand in Namibia. Kavari uses modern African styles combined with European-style twists, and loves to bend the norm and explore unique and untried ideas. An African fashion reception is underway through Sept. 15 at African Union headquarters in Addis Ababa showcasing designers from across the continent. Top designers — one each from 30 African countries — will be represented.
Dana Sanchez, 3:27 pm AFKI Original
With investors showing increased interest in African equity and bond markets and through direct investment, data issues are getting more urgent. Accurate and transparent statistics are essential indicators of economic potential, economists say. African countries generally fail to accurately record the size of the informal economy which could account for up to 62.7 percent of GDP. Three of the 10 countries listed here are expected to see their GDPs decrease in 2016. For others, it’s still Africa rising. Here’s what we know.
Staff, 7:37 am
The world of giraffe conservation just got turned upside down. The identification of new giraffe species reveals how endangered some of these populations have become. There are less than 4,750 northern giraffe in the wild, and less than 8,700 reticulated giraffe, making them them some of the most endangered large mammals in the world. This requires doubling protection efforts to secure these populations, a stakeholder said. Of the four species, only two appear to be fairly healthy.
Kevin Mwanza, 3:39 am
Angolan President Jose Eduardo dos Santos fired the country’s Finance Minister Armando Manuel on Monday two month after Luanda ended talks with the International Monetary Fund (IMF) over emergency funding. Dos Santos appointed Augusto de Sousa Mangueira, the former chairman of Angola’s Capital Markets Commission, as the new finance minister, according to a statement quoted by state-owned news agency Angop.
Peter Pedroncelli, 5:43 am AFKI Original
This coming weekend sees the final round of AFCON qualifiers, with teams from all over the continent finalising their qualifying campaign for the 2017 Africa Cup of Nations, which is set to take place in Gabon in January and February next year. Here is a brief look at some of the AFCON qualifiers, and what they will mean for the countries involved.
Staff, 6:53 pm
One of the worst yellow fever outbreaks in decades could soon spread globally. The World Health Organization is launching one of the largest emergency vaccination campaigns ever attempted in Africa. The epidemic could spread to the Americas, Asia, Europe and other cities in Africa. The virus is transmitted by the same species of mosquito that spreads Zika. Yellow fever is not highly contagious and easily prevented with vaccines, but just 18 million vaccines have been sent to Africa; 40 million are needed.
Keren Mikva, 2:56 pm
Nine out of the 10 biggest produce exporters to the U.K. are E.U. member countries. Potential changes to E.U. tariffs and the falling value of sterling have forced some retailers to consider sourcing from different countries. U.K. produce importers say they expect to see more produce from Africa. South Africa is already the No. 2 source of fresh fruit to the U.K. after Spain, and Kenya may become a beneficiary of the changing trade patterns.
Dana Sanchez, 4:46 pm
Both the U.S. Democratic and Republican parties adopted official party policy platforms for the upcoming presidential election, but not much was said about Africa. U.S. party platforms are not binding, but special interest groups pore over them and use them to try and influence policies in future governments. Just 174 words of the Democratic platform are devoted to Africa, on the next to last page. The Republican party discussed Africa in 197 words in its party platform. It’s still early to tell if Obama’s legacy, Power Africa, will be an enduring success.
Kurt Davis Jr., 10:48 am AFKI Original
Spending on gas projects in 2015 surpassed spending on oil for the first time in North Africa. The serendipitous discovery of gas in sub-Saharan Africa is bewildering to many investors. Discovering gas while searching for oil is like finding gold outside your door when you need cash. The question is how to turn the gold into cash. North Africa could be providing the near-term strategy for sub-Saharan Africa.
Dana Sanchez, 1:03 pm
Copper-rich Democratic Republic of Congo is vying with Zambia to be Africa’s top producer. A new hydropower facility that the DRC government is planning to build could help shape Africa this century. It is one of DRC’s strategies for providing the energy it needs to free its economy. These aren’t the largest or most developed countries in Africa. Some are plagued with corruption and inequality. All have fast-growing economies.
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