Botswana: Latest News
Becca Blond, 9:47 am
As an explorer’s paradise, traveling in Botswana exposes tourists to a vast, mostly roadless wilderness filled with with fascinating ecosystems including savannas, wetlands, deserts and massive salt pans, plus some of the world’s best, most luxurious safaris. The country is also one of Africa’s political and ideological success stories, with an economically stable population that has access to some of the continent’s best health care and education. Here are 10 essential things to know about traveling in Botswana.
Dana Sanchez, 1:24 pm AFKI Original
A tourism entrepreneur who runs a Cairo-to-Cape Town cycling expedition predicts e-bikes are the future of African transport. “E-bikes will be just like the cell phone revolution,” says Henry Gold, founder of Tour d’Afrique. Gold sees a future where Africans will be able to go home and charge their e-bikes. Africa still has relatively few cars, but emissions are mostly unregulated and much higher than the rest of the world. With e-bikes, Africa has a massive opportunity to go down another road, says the U.N.’s head of transport.
Dana Sanchez, 11:56 am
MTN making a bid to buy Barclays Africa assets might sound far-fetched and ridiculous – but an MTN bank with operations in 14 African countries would shake up both the cellular and financial services industries. MTN has a track record in integrating big assets. Two new hires at MTN include top-ranking executives with heavy banking experience. Building its own fintech solutions would be expensive for MTN. The trend is for fintech startups to partner with banks rather than telecoms.
Dana Sanchez, 12:21 pm
Barclays Africa said it plans to raise $88 million US to fund loans for small and medium enterprises as part of its growth strategy at a time when U.K.-based parent Barclays plc is selling down its stake in the group. The idea is to raise funds and make loans at attractive rates. Sub-Saharan Africa, home to some of the world’s poorest people, has some of the highest interest rates in the world, offering high rates of return for investors. Barclays corporate lending is up in Africa. The bank’s strategy for shared growth is not philanthropy. It’s business, its CEO said.
Peter Pedroncelli, 5:00 am AFKI Original
The 2016 Rio Olympics provide an opportunity for African countries to earn medals for Olympic sports in competition with the best athletes and sportsmen and women from around the world. With this in mind, we take a closer look at 8 Olympic sports that teams from the African continent will likely excel at.
Dana Sanchez, 7:19 pm
Diamonds have been fetching record prices at auction lately as the world’s ultra-rich seek shelter from stock market volatility. Lucara wanted to sell its tennis ball-size diamond directly to a wealthy buyer to capitalize on the boom in gem prices. That bet didn’t pay off. Stocks and financial assets have been volatile, especially after the Brexit vote. So how do diamond sales benefit Botswana? In parts of Africa, diamonds are associated with bloodshed. Botswana’s diamond story is different.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Stuart Butler, 7:00 pm
Northern Botswana’s Okavango Delta is home to some of the greatest concentrations of wildlife left in Africa. Elephants are present in numbers seen nowhere else on the continent. There are an estimated 130,000 elephants in northern Botswana, which amounts to about a third of all the elephants in Africa. Take a look at this fantastic slideshow by Stuart Butler, a very talented photographer who recently spent several weeks in Botswana getting extremely close to elephants.
Dana Sanchez, 3:07 pm AFKI Original
When multinational companies expand in Africa, they often send employees there on assignment. How much they pay these employees depends a lot on fluctuations in currency, inflation and accommodation prices. New York City-based human resources consulting firm Mercer has carved out a niche for itself for the last 22 years by compiling data that help big companies decide what to offer by way of expat packages. These are the 10 cheapest places to live out of 209 cities around the world if you’re an expat.
Dana Sanchez, 7:46 pm
Goodluck Jonathan seems to have met the criteria for the Mo Ibrahim $5 million prize. He was democratically elected, served a constitutionally mandated term, and “demonstrated exceptional leadership,” according to a local media outlet. Ibrahim had some tough words for African leaders. “Excellence is excellence,” he said. He criticized leaders who crack down on gays instead of focusing on issues, like Kenyatta in Kenya, where gay sex is a crime. “Don’t tell people whom they should love,” he said.
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