Botswana: Latest News
Julia Austin, 5:36 pm AFKI Original
South Africa has just under 56 million people and is home to the largest European-descended population in Africa. Of the white population, 61 percent speaks Afrikaans and over 30 percent speaks English. The country was under Dutch and British colonization. South Africa’s white population isn’t all affluent. More than 400,000 white South Africans are thought to live in poverty and the country has around 80 white squatter townships for Afrikaans-speaking whites.
Kurt Davis Jr., 12:35 pm AFKI Original
Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.
Dana Sanchez, 3:29 pm
As of 2016, Mauritius has the highest per capita GDP in Africa, with 5.7 percent growth predicted in 2016-2017. Its stock exchange is widely regarded as one of the best in Africa for a country of 1.2 million. There’s an entire business strategy known as “the Mauritius Route” used by investors as a conduit to connect them to Indian markets. In fact, 39.6 percent of foreign direct investment to India between 2001 and 2011 made its way via Mauritius. However, this money does not pass through Mauritius in a vacuum.
Lillian Mutiso, 5:07 am AFKI Original
Most nations in Sub Saharan Africa have poor legislation on taxation which is not well-detailed and interpretation on taxation guidelines are in most cases ambiguous. But there a few countries that have managed to position themselves as tax havens for foreigners. Apart from Mauritius and Seychelles, there are a few other country that have achieved the tax haven status but are not has prominent as these two. Below are countries in Africa that you probably didn’t consider tax-havens:
You won’t find an African country among the world’s top 25 performers for innovation, but several low-income African countries are outperforming their peers based on GDP, earning the designation “innovation achievers.” Co-published by Cornell University, the World Intellectual Property Organization, and A.T. Kearney, the Global Innovation Index goes beyond traditional measures of innovation such as research and development.
Lillian Mutiso, 6:13 am AFKI Original
In 2014, Africa received a total of $128 billion, which made it the second biggest destination of Foreign Direct Investment (FDI) capital globally. In 2015, the flow of FDI capital was projected to exceed US$190 billion. Investment flow into the continent has significantly grown over the last decade in tandem with the high economic growth witnessed by most countries in the region. Much of the investments have been made in the infrastructure, financial services, real estate and consumer-based sectors.
Kevin Mwanza, 7:07 am
Angola’s sovereign wealth fund increased its investment in private equity firms operating in the country and across sub-Saharan Africa to more than half of its $5 billion, the fund said in a 2015 update. A sovereign wealth fund is a state-owned investment fund investing in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds.
Dana Sanchez, 4:41 pm
When diamond marketers describe the qualities of diamonds, the adjectives they use can translate into millions of dollars — adjectives like “exceptional,” “supreme” and “vivid.” Sotheby’s auction house has sold a rare pear-shaped vivid pink diamond for $31.5 million, and stakeholders pulled out all the stops describing it. Global demand for diamonds fell 2 percent in 2015 despite record sales in the U.S.. But interest in a spectacularly rare vivid pink diamond was overwhelming, according to Sotheby’s — proof that for the right diamond and for buyers with deep pockets, “demand is as deep as it’s ever been.”
Dana Sanchez, 2:46 pm
You won’t find U.S. chicken in South African locations of the mega chicken restaurant chain Nando’s, the company said Wednesday — proof that controversy hasn’t subsided over U.S. chicken exports and the African Growth and Opportunity Act. Nando’s does most of its business outside South Africa and is the largest collector of South African contemporary art, displaying it in its restaurants. “Nando’s is proudly South African,” said CEO Geoff Whyte.
African governments have tried to limit and stop its use, but marijuana remains deeply ingrained in African traditions, economies and recreation. It is an important source of income, but is illegal everywhere in Africa. Tolerance and enforcement vary from country to country. There’s a growing belief that with the proper regulations, marijuana should be legalized for the greater good. AFKInsider compiled a list of African countries and ranked them for marijuana tolerance. We’ve also provided a list of most marijuana-friendly countries in the world as a basis for comparison.
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