Egypt: Latest News
Dana Sanchez, 1:45 pm
In the process of tapping into the sharing economy, Airbnb tapped into a relatively unfilled niche in Africa — the need for reliable, mid-range accommodation in African cities. Doing so helped Airbnb become the second most valuable U.S. startup in 2016. Valued at $68 billion, Uber is the most valuable startup in the U.S. and across the globe — proof that you can get rich by sharing.
Peter Pedroncelli, 3:14 am AFKI Original
Among the dark horses that will be fighting for the Africa Cup of Nations title in Gabon this month, Egypt have named a provisional squad of 27 players which will be cut down to a final squad in the coming days. The Pharaohs have returned to winning ways under Argentine coach Hector Cuper over the last year, and they are coming into the Nations Cup tournament on a high as one of the in-form teams.
Dana Sanchez, 7:00 am
You need a visa to visit Eritrea, and another permit to go to Eritrea’s Dahlak Archipelago, a chain of 124 small islands and two larger ones in the Red Sea near Massawa. Off the beaten path doesn’t begin to describe it. You can expect pristine beaches and unparalleled marine life with few other tourists for miles. Dahlak’s pearl fisheries have been famous since ancient times. Charter yachts can be hired for scuba diving and pearl fishing. During years of war, fishery came to a halt in the area. The unexpected result of isolation? There are lots of fish and they aren’t shy.
Kurt Davis Jr., 4:29 pm AFKI Original
A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. 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 2016 gives way to 2017.
Dana Sanchez, 12:15 pm
The deal could create a new liquified natural gas hub in Africa. BP is on a spending spree, bulking up its new drilling resources after years of selloffs. BP sold assets worth $40 billion since 2010 to cover the $60 billion costs of the Deepwater Horizon oil spill in the Gulf of Mexico. When Kosmos discovered the gas field off the coast of Mauritania and Senegal, investors were skeptical. “We think we’ve opened up one of the largest areas in the Atlantic basin in the last 15 years,” said the Kosmos CEO.
Peter Pedroncelli, 5:37 am
Telecommunications giant Orange has concluded a new long-term partnership deal as official sponsors for the Confederation of African Football (CAF) flagship competition. The new eight-year deal will see the France-based company confirmed as an official sponsor of five major CAF competitions from 2017 to 2024, beginning with the 2017 Africa Cup of Nations (AFCON) in Gabon this January.
Peter Pedroncelli, 2:30 am AFKI Original
While much of the focus inevitably falls on the African Player of the Year accolade, the various nominees for other soccer award categories have been revealed by CAF ahead of the gala event in January. The additional categories included Women’s Player of the Year, club and national teams of the year, coach of the year and accolades for promising young players.
Staff, 4:53 pm
Ethiopia’s controversial Gibe III dam got an official inauguration Saturday. UNESCO has condemned it. Human rights groups say it has displaced people in the Omo Valley and will decrease water downstream all the way to Kenya’s Lake Turkana. A far more controversial Ethiopian dam, Africa’s largest ever, is scheduled for completion in 2017. The Grand Renaissance Dam will produce the equivalent electricity of six nuclear reactors.
Kurt Davis Jr., 11:34 am AFKI Original
Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.
Peter Pedroncelli, 5:30 am AFKI Original
The January transfer window is always a busy time for European clubs, and this particular window will be no different, with numerous African soccer players identified as potential targets at the beginning of next year. We take a closer look at 12 of the African players who are transfer targets in the upcoming market window.
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