Egypt: Latest News
Kurt Davis Jr., 12:26 pm AFKI Original
Egypt floated its currency earlier this month. The Egyptian pound dropped nearly 50%. Early signs show increased investment in the country. Despite diverging perspectives on the methodology, most economists buy the long-term upside. If the Egyptian story is any indication of success, letting the naira hit rock bottom on a fully-floated basis will result in greater investment in the country and a recovering naira over time. As one local put it, Nigeria should be able to do this (and many other things) better than Egypt. Maybe this is the opportunity to back up such bold statements.
Peter Pedroncelli, 3:35 am AFKI Original
The African Player of the Year shortlist was recently reduced to a selection of the top five nominees for the 2016 award.
These are 12 things you may not know about the five African Player of the Year nominees who remain in contention to win the prestigious continental award.
Dana Sanchez, 3:26 pm
South Africa has seen a massive adoption of North American retail trends, and Black Friday is no exception, a trend analyst says. “It is tested, it works and is already embedded in the minds of South Africans.” Other research analysts are more critical. “Black Friday…is an attempt to cash in on the hype surrounding the day in the U.S.,” said Arthur Goldstuck, managing director at tech research firm World Wide Worx. “It is a classic example of self-inflicted cultural colonialism, except that here the motive is unashamedly commercial. That, in turn, means it represents blatant exploitation of the consumer at its worst.”
Peter Pedroncelli, 7:59 am AFKI Original
The African Player of the Year shortlist has been reduced to a selection of the top five nominees for the 2016 award. The Confederation of African Football (CAF) revealed the five players this week, choosing them from the original list of 30 players announced last month.
Peter Pedroncelli, 12:21 am AFKI Original
The third round of African World Cup qualifying continued this past weekend, with the 20 teams from the continent left with a chance of securing one of the five spots allocated to Africa in action across the continent. This is how the 10 African World Cup qualifying matches turned out for the participating nations looking to earn their ticket to Russia in two years’ time.
Staff, 12:01 am
Facebook is not the only big social media beast vying for users in Africa. WeChat, owned by Chinese firm Tencent, is also making forays on the continent, and has seen significant uptake in South Africa, where it has over 5 million users. WeChat is betting big on additional services such as money transfers and airtime purchases on top of its social network to encourage further growth, and is closing in on Facebook’s WhatsApp, which has been around much longer.
Kevin Mwanza, 8:45 am
Kenya will go on with plans to construct its first ever nuclear plant to fill its power deficit, defying calls from Italian and German experts who urged the nation to instead focus on developing its renewable energy. East Africa’s biggest economy identified possible sites near Lake Turkana, Lake Victoria and the Indian Ocean, targeting to use the vast water resources to cool off the reactors once they start generating power.
Peter Pedroncelli, 4:50 am AFKI Original
The third round of African World Cup qualifying continues this coming weekend, as the second set of matches see 20 teams from the continent left with a chance of securing one of the five spots allocated to the African continent. This weekend 10 fixtures will be played around the continent in the group stages. Here are 10 African World Cup qualifying matches to look out for this coming weekend.
Peter Pedroncelli, 4:20 am AFKI Original
Egypt international striker Mohamed Salah scored a hat-trick for Italian Serie A club Roma on the weekend against Bologna in a 3-0 victory over their opponents. The win allowed the club from the capital to move into second place, four points behind Italian top-flight leaders Juventus, while Salah’s form is good news for Egypt.
Dana Sanchez, 5:52 pm
Ghana hasn’t had a national long-haul carrier since Ghana Airways, one of Africa’s oldest airlines, stopped flying in December 2015. Getting one will remove one of the stumbling blocks that prevented Accra from becoming a West African hub for air travel. There is no strong airline and no airport hub in West and Central Africa. Ghana made up for the absence of a strong carrier by issuing other airlines rights to carry passengers from Accra.
- Real Estate