Burkina Faso: Latest News
Dana Sanchez, 8:59 am
Business investors aren’t the only ones spotting Africa’s potential. Name-brand foundations are also investing in Africa, making grants on a historic level. Still, charity has its critics. Akon is one of the most vocal. The U.S.-based rap star is one of the most famous impact investors in Africa — and one of the most prominent voices against giving charity to Africans. These are some of the biggest philanthropic foundations giving money in Africa.
Lillian Mutiso, 4:47 am AFKI Original
Africa is known for its vast potential of mineral resources. It is a great investment destination for foreign business organization from across the world. Investors’ desire to do business on the continent depends largely on the ease of company registration with regard to meeting legal and regulatory demands. According to the World Bank’s Ease of Doing Business Index, a transparent and smooth registration process woos investors to any nation.
Peter Pedroncelli, 6:27 pm AFKI Original
The 2018 World Cup qualifying draw for the 20 African teams who still have a chance to qualify for the tournament took place in Cairo on Friday. This will be the third round of qualifying for teams in Africa, with 54 countries on the continent originally attempting to book a place in Russia come 2018.
Peter Pedroncelli, 3:55 am AFKI Original
Friday will see the World Cup qualifying draw for the 20 African teams who still have a chance to qualify for the tournament that is set to be held in Russia during 2018. This will be the third round of qualifying from Africa, with 54 teams on the continent originally attempting to book a place amongst the sport’s elite. Only 20 African countries remain.
Dana Sanchez, 2:30 pm
Analysts expect more mergers and acquisitions in West African gold driven by North American buyers. Australia-based Perseus Mining secured $135 million in debt and equity funding to bankroll the development of its Sissingue gold project in Cote D’Ivoire. Canada-based Teranga Gold struck a $62.95M deal to buy Australia’s Gryphon Minerals and its Banfora gold project in Burkina Faso. The deals put Sissingue and Banfora on a development growth path, shedding some of the uncertainty that dogged them in recent years.
Peter Pedroncelli, 6:08 am AFKI Original
FIFA have announced the African seeds for teams from the continent which still remain in contention for a qualification berth at the 2018 World Cup set to take place in Russia. A total of 20 teams from Africa will be involved in the draw, which will take place in Cairo, Egypt on June 24. Of those 20 remaining teams, which have been through a previous qualification phase thus far, five will ultimately qualify for the showpiece by topping their respective groups.
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.
Dana Sanchez, 12:01 pm
Cashew nuts are now the cheapest tree nuts on the market. New taxes on cashew exporters in Ivory Coast amount to about 8 cents US per kilogram. Some traders evade taxes by shipping Ivorian cashews into neighboring countries. Ivory Coast has been encouraging more cashew processing at home with plans to increase subsidies to from 5 percent to 30 percent or more. Taxes don’t apply to companies doing local processing.
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.
Staff, 5:56 pm
There is widespread social resistance under way in Africa. Grassroots protesters are questioning the logic of export-led “growth” and fiscal austerity. They are demanding that their basic needs be met instead. After the dramatic Arab Spring, protesters picked up the pace in many sub-Saharan countries. Even if it is ignored in Kigali, or repressed on the ground, the popular risings against the WEF’s dubious “Africa Rising” rhetoric await…
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