Burkina Faso: Latest News
Dana Sanchez, 4:10 pm
For many Western companies, Africa is a fresh start — an opportunity to build facilities and processes that are environmentally friendly and safe. And don’t forget the tax breaks. Manufacturing in Africa is expensive, training and the quality control are expensive. Most apparel will continue to be made in Asian countries where labor is still relatively cheap and infrastructure, in place. But in China, the world’s apparel manufacturing leader, wages have increased 80% since 2010.
Peter Pedroncelli, 4:18 am AFKI Original
The Confederation of African Football (CAF) have decided on the eleven players that performed to outstanding levels at the 2017 Africa Cup of Nations, allowing them to be considered as part of the team of the tournament. The Nations Cup ended on Sunday with Cameroon victorious over Egypt in the final, but the team of the tournament focused on individuals who stood out at the competition, and as such, there were names included from various national teams involved in the tournament.
Kurt Davis Jr., 9:32 am AFKI Original
Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.
Peter Pedroncelli, 9:57 am AFKI Original
The 2017 Africa Cup of Nations (AFCON) has come to an end, with the Indomitable Lions of Cameroon securing ultimate victory in the final over Egypt with a 2-1 win that few saw coming. The competition in Gabon was entertaining, providing fans of the beautiful game with action-packed matches to enjoy over the course of three weeks. A number of records were broken, while some interesting statistics came to light during the premier African national team competition. Here are 12 records and facts that emerged from the 2017 Africa Cup of Nations.
Peter Pedroncelli, 4:31 am AFKI Original
Egyptian national team goalkeeper Essam El Hadary was named man of the match in Wednesday night’s 2017 Africa Cup of Nations (AFCON) semi-final victory over Burkina Faso at the Stade de I’Amitie in Libreville. The 44-year-old goalkeeper, who is now the oldest player to have taken part in an AFCON match, helped his side to a win over Burkina Faso after a 1-1 draw in normal time gave way to the lottery of penalties, with the Pharaohs winning the shootout 4-3.
Kurt Davis Jr., 10:23 am AFKI Original
French cosmetics company L’Oreal has invested in organic beeswax in Mali, the surprise country for 2017. Economic growth should hover around 5-to-6 percent this year as agricultural production strengthens. Lack of investment or interest in the country in recent years means there are unexploited opportunities with many investors still sitting on the sidelines. Opportunities exist in cashews, biofuels, shea butter and cotton. This year should see some investors put cash into the country, especially in agriculture.
Peter Pedroncelli, 4:29 am AFKI Original
Africa Cup of Nations (AFCON) favourites Senegal were knocked out of the competition at the quarter-final stage on Saturday, with rivals Cameroon defeating the Senegalese courtesy of a penalty shootout victory. The highly anticipated battle of the Lions, the Teranga Lions versus the Indomitable Lions, was played at the Stade de Franceville, with many pundits believing that AFCON favourites Senegal would be too strong for their opponents.
Peter Pedroncelli, 3:58 am AFKI Original
The 2017 Africa Cup of Nations (AFCON) group stage is now over, with only eight teams left in the competition, and the quarter-finals taking place over the weekend. Saturday and Sunday will see the knockout stages begin, with the final eight teams from around the continent desperate to qualify for the semi-finals in Gabon.
Dana Sanchez, 10:32 am
Faced with an escalating price war at home in India, Bharti Airtel is looking to its African operations to reduce debt. India is one of the most competitive telecom markets in the world. The company lost $91 million in Africa in Q3 of 2016. Airtel has 22.14 percent market share in Nigeria and 34.1 million customers. Market observers in Nigeria say lack of access to foreign exchange for operators, falling revenue per user and customers’ lack of disposable income are hurting telecom operators in the country.
Peter Pedroncelli, 3:33 am AFKI Original
AFCON host nation Gabon have bitterly disappointed their fans at the ongoing 2017 edition of the competition after failing to progress from the group stages of the tournament. Gabon drew 0-0 with Cameroon in 2017 Africa Cup of Nations action at the Stade de l’Amitié in Libreville on Sunday night, which meant that Cameroon finished behind Burkina Faso in second place in the Group A standings.
- Real Estate