Botswana: Latest News
Lillian Mutiso, 3:37 am AFKI Original
In Africa, several families have immense influence in a country’s political power. These influential families directly or indirectly play huge roles in determining who gets elected to the big political seats, who is nominated to a key post and even who is in or out of the president’s inner circle. Some of these families have also made inroads into the economic sectors in their countries and across the continent, with numerous big investments.
Peter Pedroncelli, 7:17 am AFKI Original
Tech startups are all the rage these days, and Africa is not missing the boat in this regard, providing the tech sector with an abundance of great businesses geared at taking on challenges and finding innovative solutions to help people overcome these challenges. We decided to take a closer look at 8 things you probably didn’t know about funding for African tech startups.
Lillian Mutiso, 5:32 am AFKI Original
In recent years, many African economies on the continent have come under increased pressure as from a commodities price route that has characterized the last two years. An economic slowdown in China, the continent’s top trade partner, has fueled the fall in prices further. Africa’s leading economies including Nigeria, South Africa and Angola have all witnesses slowing growth. The Finance Ministers of these countries are tasked with the key role of turning the fortunes around and ensuring the gains made over the last decade of boom are not wiped out.
Peter Pedroncelli, 5:01 am AFKI Original
Africa is a continent that has embraced telecoms technology and mobile on a wide scale, with numerous telecommunication corporations based in and out of Africa providing millions of African subscribers with a variety of mobile-based services. We take a closer look at 8 of the African continent’s biggest telecoms companies.
Lillian Mutiso, 2:09 am AFKI Original
Investing in African can sometime be tricky business due to its fragmented markets and variance in regulation from one jurisdiction to the other. But Africa’s stock markets offer a rather direct line to investing in the continent’s top companies. Most stock exchanges on the continent have enjoyed a good run over the last decade, but economic challenges occasioned by a slump in commodity prices on the global market sliced most of their good performance in 2015.
Kevin Mwanza, 7:52 am
Share offers on African stock markets could hit a six-year high in dollar terms this year if all the planned issues comes to fruition, a report by law firm Baker & McKenzie said. According to the report, Nigeria’s fintech group InterSwitch Limited, that processes payments for banks operating in five African countries will lead other companies on the continent as they seek to raise a record $3.1 billion from Initial Public Offers (IPOs) this year.
Dana Sanchez, 5:41 pm
Barclays Africa announced today on Twitter that it is not ending its operations in Africa and no jobs will be lost — a response to viral reports that the company plans to pull out of Africa. The bank responded to customers’ concerns about the future of Absa and whether their cash deposits were safe. The reports are “still speculation at the moment” as there had been no announcement by Barclays, the company said. “We are strong and independently funded,” the JSE-listed company said Sunday on Twitter.
Julia Austin, 10:37 am AFKI Original
Taxing people’s personal income can be an unpopular proposition if you’re a politician. In Africa, there’s evidence that governments are actually lowering their overall personal income tax rates and taxing other things in an attempt to broaden their tax base. Governments and other powerful organizations such as FIFA, the soccer world’s governing body, find some creative ways to generate taxes — and tax exemptions. Check out 8 strange things that are taxed or tax exempt around the world.
Julia AustinAFKI Original
DarajaImports has a fusion of African designs, employing African artists that include widows, the physically disabled and young adults orphaned by genocide. Products are made from materials that are sustainable and often recycled. The shop owners work closely with the artists. Etsy is a platform for retailers who make and sell products for a cause. Check out 8 Etsy shops selling fair trade and African products.
Dana Sanchez, 1:20 pm
A lack of basic market data on African countries creates barriers to investment. How good a job are African countries doing in collecting, analyzing and disseminating data about their populations and economies? Not all the countries on this list can attribute poor data collection to war. Botswana’s data score started to deteriorate in 2013 when it dipped below the sub-Saharan Africa average, and it’s still going downhill. Check out these data deserts: 10 African countries we know little about.
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