Cameroon: Latest News
Staff, 8:47 am
The world’s first commercial drone delivery service operates from a hill in the middle of Rwanda. From here, Zipline, a San Francisco-based robotics company, delivers blood by drone to almost half of all Rwanda’s blood transfusion centers. Orders are made online, by text, phone, or WhatsApp. An order has come in for a hospital about two hours away by car. The drone delivers the package in 20 minutes. “To have a proven model here first in Rwanda is amazing,” says Maggie Jim, Zipline.
Peter Pedroncelli, 5:47 am
French telecommunications operator Orange have announced the launch of an African startup investment initiative that will support innovative startups across the continent. Orange has earmarked $56 million for investment, with half of it set to be invested indirectly through funds that specialize in the digital sector. The other half of the funds will go towards the creation of a new initiative, called Orange Digital Ventures Africa, which will invest directly in African startups within a number of industries including logistics, e-commerce, transport, energy, fintech, and e-health businesses.
Staff, 1:00 am
With Africa’s population projected to be about 2 billion by 2050, farming must undergo huge strides in productivity to ensure the ability to feed them. Numerous types of digital technology are available to take farming to this level, and entrepreneurs are beginning to introduce them to farming. To take advantage of them, however, there must be widespread internet availability, adequate funding, and ways overcome farmers’ reluctance to adopt new practices.
Staff, 8:20 am
African Heads of State and Government present at the recently concluded Transform Africa Summit pledged to advance the continent’s digital transformation. The leaders noted that they recognize the role of information and communication technology (ICT) in fast-tracking development of their countries and the continent in generals.
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Ann Brown, 11:23 am AFKI Original
Tired of seeing Africa portrayed in a negative light, Diane Audrey Ngako left her Paris job as social media editor at Le Monde to start her own digital media platform. Visiter l’Afrique is all about Africa’s assets and opportunities. Interactive and collaborative, the site is dedicated to African tourism and culture. “Africa is mainly represented by non-Africans,” Ngako told AFKInsider. “They usually talk about a sordid continent where only famine, wars and poverty happen. It’s time for us to portray the Africa we know, the Africa we see. The Africa of our dreams.”
Staff, 12:01 am
The fall in African private equity investment in 2016 could be a short-term blip. Among the losers was US-based Carlyle, one of the world’s winningest investment firms. Carlyle invested $147m in Nigeria’s Diamond Bank in 2014. The bank’s market cap fell by 90% over the subsequent two years. Bob Geldof’s PE firm 8 Miles just invested in Blue Skies, a British fruit firm that operates in Africa. Utilities including telecoms were the most popular target for private equity investment in 2016. West Africa was the most active region.
Peter Pedroncelli, 7:02 am
New Confederation of African Football (CAF) president Ahmad has unveiled plans to involve African legends in the continent’s favourite sport in order to develop the game and give younger generations access to their heroes. In an outcome that has surprised many in Africa, Issa Hayatou’s reign at CAF ended last month as Madagascan government minister Ahmad was elected as the new president of the Confederation of African Football.
Peter Pedroncelli, 7:02 am AFKI Original
African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of April, according to the FIFA ranking.
Peter Pedroncelli, 2:18 am AFKI Original
Many countries in Africa have extremely high central bank interest rates compared to most of the world, but there are some who boast lower rates that compare favourably on a global scale. Lower interest rates allow the people of that country to be able to afford loans and pay them back at more favourable rates versus countries where the interest rates are much higher. In comparison, the United States federal reserve has an interest rate of 1 percent, while the United Kingdom’s rate is currently set at 0.25 percent. We take a look at 13 African countries with the lowest central bank interest rates.
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