Democratic Republic of Congo: Latest News
Dana Sanchez, 4:43 pm
The worst is over and commodities prices are climbing, World Bank says. But not everyone is ready to call it a trend. Despite some improvement, gold and platinum remain flat. The bouyant, even euphoric mood at this year’s Mining Indaba contrasts with recent years — 2016 was gloomy. Towards the end of the year, commodity prices rebounded. Investors want a stable political environment, regulatory certainty and labor stability. “In 2017, we are looking at expansion, local and international. Mergers and acquisitions are also starting to take place. There is consolidation,” a stakeholder said.
Dana Sanchez, 12:35 pm
Facebook beat Wall Street expectations for sales and user growth in the fourth quarter of 2016, and it credits Internet.org, its free basic version of the internet in developing countries, for helping make that happen. It added more users worldwide in the fourth quarter than any quarter since the company went public in 2012. Founder Mark Zuckerberg’s vision is to get more Africans online. “This isn’t a purely altruistic venture,” an analyst said. Internet.org, is available in 23 African countries through partnerships with mobile operators.
Dana Sanchez, 11:39 am
Supporters of opposition leader Etienne Tshisekedi have gathered in Kinshasa to mourn the death of a hugely popular figure who has been compared to South African icon Nelson Mandela. Some fear Tshisekedi’s death could have a destabilizing effect in the DRC, a country with a history of foreign intervention, civil war, and leaders who won’t step down. The government has promised Tshisekedi will be buried in state. Tshisekedi’s son Felix has taken on a growing role in opposition politics in the past three years as his father’s health deteriorated.
Dana Sanchez, 3:04 pm
BitPesa, a bitcoin payments startup that launched in Kenya and expanded in Africa and beyond, announced a $2.5M round of funding. The Series A round is led by Silicon Valley-based industry investor Draper VC, with existing U.S. investors. Series A investors are willing to take on the risk when a new venture is generating revenue but not yet making a profit. BitPesa will use some of the funds to move to Luxembourg. The firm’s goal is to be the largest payment company in the U.K., Europe and Africa.
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, 4:57 am AFKI Original
Morocco and the Democratic Republic of Congo have progressed to the quarter-finals of the 2017 Africa Cup of Nations (AFCON) from Group C following their respective victories of defending champions Cote D’Ivoire and Togo. Morocco defeated the Ivorians 1-0 in Oyem on Tuesday night, with a 64th minute long-range curling effort from Rachid Alioui taking all three points for the North Africans.
Bridget Williamson, 3:59 pm
Victoria Falls gets all the attention when it comes to waterfalls in Africa, and deservedly so. It’s not the highest or the widest waterfall in the world, but it’s the biggest — about twice the height of North America’s Niagara Falls and more than twice as wide. Africa has other fabulous waterfalls that many people don’t know about. They’re on the periphery of the beaten path in regions previously overlooked or ignored. Some are hard to reach. They’re among the most underappreciated aspects of Africa’s natural heritage.
Peter Pedroncelli, 7:46 am AFKI Original
Social media is becoming an increasingly popular medium for African soccer players and other professional sportsmen and women to interact with their fans and fellow sports personalities, with Instagram accounts gaining in popularity. At a competition such as the 2017 Africa Cup of Nations (AFCON), fans are even more interested to follow their sporting heroes on social media platforms such as Instagram. Here are 12 African soccer players with Instagram accounts at the 2017 AFCON.
Peter Pedroncelli, 1:17 am AFKI Original
A goal from Asamoah Gyan secured Ghana a 1-0 win over Mali in their second 2017 Africa Cup of Nations Group D match at Stade de Port-Gentil on Saturday evening, thereby earning the Black Stars a quarter-final berth. It was the second win out of two for the Ghanaians, ensuring their top spot on the log with six points, and a definite spot in the last eight as a result.
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