Burkina Faso: Latest News
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.
Staff, 8:34 am
The thorny topic of genetically modified (GM) crops was recently thrust into the global spotlight again. Speaking at the World Economic Forum in Davos, Bill Gates said that GM crops are a necessary tool to fight hunger and poverty in Africa. But something Gates did not discuss was the news that the largest and most significant African adopter of GM crops – Burkina Faso – recently began a phase out of Bt cotton.
Dana Sanchez, 11:04 am
Historically, Africa has been slow to accept new agricultural technologies. Many people think indigenous agriculture and traditional crops must be protected. Seeds that can’t be saved are the enemy of that tradition. But with drought and food shortages, perceptions about GMOs are changing. Zambia rejected GM corn aid in 2002 during a drought. In December, it said it couldn’t afford to ignore the benefits of this technology. “We are prepared to deal with possible adverse risks,” a minister said.
Dana Sanchez, 6:40 pm
While its expansion to Africa is a welcome development, the U.S. company could face challenges due to the high cost of Internet mobile data and lack of quality broadband. Africans are already fans of most Netflix content. Netflix could oust Naspers-owned digital satellite TV service, whose users complain about its fees. However, Netflix isn’t cheap either. Still, the U.S.-based company has 65 million streaming customers worldwide.
Staff, 6:27 pm
Obama traveled to Africa five times during his presidency but not to Nigeria, the continent’s largest Muslim country, largest democracy and largest economy. Nigeria’s economy is almost twice the size of South Africa’s and 30 percent larger than Egypt’s. Here are 12 things Obama should do in Africa before he leaves office in January 2017.
Dana Sanchez, 3:53 pm
Government support alone is not enough for Chinese companies to go big abroad, says a Chinese IT expert. They also need a tech advantage. A China-UK joint venture beat out France’s Alcatel-Lucent and Japan’s NEC Corp. to win a 6,000km cable project connecting Cameroon and Brazil. The company says it’s using “a self-developed technique” that can reduce construction costs, although it hasn’t disclosed the cost of the project. Analysts say it could exceed $200,000 per kilometer.
Peter Pedroncelli, 4:14 am AFKI Original
Portuguese coach Paulo Duarte has been put in charge of the Burkina Faso national team, returning to the post he previous occupied. Duarte’s return was made possible with the resignation of previous coach Gernot Rohr last week, as the German decided to take up a position with the German Football Association, while focusing on his career as a television analyst.
Dana Sanchez, 10:01 am AFKI Original
A free press always has a positive influence on a country’s economy and on its governance, according to the U.N. The 2015 World Press Freedom Index ranked 180 countries for media independence, respect for the safety and freedom of journalists, and the level of intimidation journalists have to endure to do their jobs. These are the 12 African countries that score highest for freedom of the press.
Peter Pedroncelli, 6:21 pm AFKI Original
Gernot Rohr has announced his decision to quit his post as coach of the Burkina Faso national team in favour of a position with the German Football Association, while also freelancing as a television analyst. His decision comes at a strange time for the Burkinabe, who progressed to the next stage of 2018 World Cup qualifying with Rohr’s guidance.
Kurt Davis Jr., 8:00 am AFKI Original
Fewer traffic jams for Kenya. Rebounding copper prices for Zambia. A less tarnished international image for Sudan that reaches beyond civil conflict — because there are investment opportunities in the country. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2015 makes way for 2016.
- Real Estate