Botswana: Latest News
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.
Dana Sanchez, 5:09 pm
Angola is the fourth largest diamond-producing country by value, and almost 75% of its diamond production comes from one mine — Lulo — about 300 miles east of Angola’s capital, Luanda, in Angola’s Lunda Norte province. This is the fourth 100-plus carat diamond recovered there and it’s the largest diamond found by an Australian miner. “We’re not used to valuing 400-carat diamonds,” the mine chairman said.
Julia Austin, 9:47 am AFKI Original
Ghana stands out for peaceful elections and several transfers of power that didn’t incite riots or protests. The media are allowed at the election polling places, which encourages transparency in the process. Several active civil society groups were formed just to oversee election processes. Political instability is the biggest stumbling block for companies doing business in Africa. Here are 8 of the most peaceful countries in Africa.
Julia Austin, 8:55 am AFKI Original
In much of rural Africa, traditional medicine is the only form of treatment. Silene capensis has been used by Xhosa tribes of South Africa during rites-of-passage rituals. It comes from the roots of a plant that South African natives call undlela ziimhlophe. It’s mostly known for helping people have lucid dreams but many people report waking up feeling incredibly well rested. The roots can be chewed or boiled down and steeped in tea. Some buyers share their experience with the root online. More than 4,000 plants are used for medicinal purposes in Africa. Check out 8 natural sleep remedies from Africa.
Dana Sanchez, 12:22 pm
Daimler Trucks & Buses opened a regional center Tuesday in Nairobi and a second one Thursday in Pretoria as part of the Germany-based vehicle manufacturer’s efforts to regionalize sales and service of commercial vehicles in emerging markets. The two African centers will serve markets in South, East, Central and West Africa. A young population, growth in transport and demand for commercial vehicles are big draws for Daimler in Africa.
Dana Sanchez, 2:47 pm
It’s worse in Malawi, where citizens spend more than $12 a month on average for mobile phones — that’s more than 50 percent of what an ordinary Malawian earns in a month. South Africa’s Western Cape province plans to spend more than $125 million on a broadband roll-out project, but Internet is still too high, said its minister of economic opportunities. How much do Africans spend on mobile as a percentage of their income? Check out the cheapest and most expensive ones here.
Dana Sanchez, 3:26 pm
Milken speaks highly of immigrants; 50 percent of the scientists and engineers in Silicon Valley are first-generation immigrants, he told a crowd of 600-plus at the Tiger 21 conference. Members of the North American Tiger 21 network are high-net-worth investors who collectively manage $35 billion in investable assets. Miliken has done a lot to restore his image since being banned for life from the securities industry. He has an institute named for him and he’s full of optimism for Africa.
Dana Sanchez, 2:55 pm
Barclays is preparing to sell some of its 62% stake in Barclays Africa Group Ltd, the publicly-traded entity that houses most of its African business, according to a January WSJ report. Barclays needs to exit Africa completely, say analysts at NYC-based asset management firm Sanford C Bernstein. “The Africa business has absolutely no synergy whatsoever with the rest of the bank – be it with retail, commercial or the investment bank. You should let the franchise go.”
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