Cameroon: Latest News
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, 4:07 am AFKI Original
Cameroon have emerged from Gabon with their fifth Nations Cup title after a 2-1 comeback victory over Egypt in the final in Libreville on Sunday night. The Indomitable Lions were not expected to beat the Pharaohs in the decider, as Egypt had only conceded one goal throughout the tournament up to that point, and they were aiming to lift their eighth AFCON trophy with victory in Gabon.
Dana Sanchez, 3:22 pm AFKI Original
If Ant expands access to mobile money, it could mean that even more people will receive remittances on their mobile money accounts, and that will be good for Ismail Ahmed. Mobile money is disrupting remittances and making formal transactions easier, says Ahmed, a Somali entrepreneur and CEO of online money transfer service WorldRemit. Only 5% of remittances today are sent online. The rest is cash, paid over the counter or at agents. Online remittances are projected to grow six-fold to reach at least 40 percent in the next few years.
Peter Pedroncelli, 3:34 am AFKI Original
The Indomitable Lions of Cameroon managed a 2-0 win over the Black Stars of Ghana in the second semi-final played at the Stade de Franceville on Thursday evening, securing their place in the 2017 Africa Cup of Nations final against Egypt. Goals from Michael Ngadeu-Ngadjui and Christian Bassogog made sure of victory over a more favoured Ghanaian outfit, with captain Benjamin Moukandjo leading his charges by example with a fine display in midfield.
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, 7:43 am AFKI Original
The 2017 Africa Cup of Nations is underway in Gabon, with the 16 best teams in Africa fighting for continental glory. Among those teams are many of the continent’s best individual players, some of whom have been producing world-class performances in front of the AFCON crowds. Here we take a look at 14 African soccer players who are performing well at the 2017 Africa Cup of Nations.
Tom Jackson, 7:55 am AFKI Original
As tech becomes more widespread in Africa, democratic processes will become more accessible. Internet and mobile technologies can reach remote areas and give voice to many. Rashaad Alli is a manager at South African nonprofit People’s Assembly, which supports websites that make parliamentary information more accessible to ordinary people. “Access to information is a great enabler to effect social change and deepen democracy,” Alli said. “Tech tools help increase transparency, expose corruption, strengthen democracy and hold governments to account.”
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.
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