Egypt: Latest News
Dana Sanchez, 2:41 pm
Africa has 700 companies with revenue of more than $500 million and half are in South Africa. About 40 percent of the 700 are publicly listed, and the continent needs more of them, McKinsey reported. How did they get there? By growing strong at home, not giving up, integrating what other companies would usually outsource, and investing in talent. Family businesses make up 10-to-20 percent of the companies by revenue.
Dana Sanchez, 5:56 pm
International bookings for travel to Africa look highly encouraging through December, according to travel intelligence firm ForwardKeys. Travel within Africa is ahead 9.4 percent for the year. Europe, with more than 60 percent of forward bookings, is ahead 11.3 percent. North Africa has seen slow growth or even decline — people are scared to travel there — while East Africa has seen double-digit growth. Tourism tends to take up to two years to recover after terrorists attack tourists.
Dana Sanchez, 3:27 pm AFKI Original
With investors showing increased interest in African equity and bond markets and through direct investment, data issues are getting more urgent. Accurate and transparent statistics are essential indicators of economic potential, economists say. African countries generally fail to accurately record the size of the informal economy which could account for up to 62.7 percent of GDP. Three of the 10 countries listed here are expected to see their GDPs decrease in 2016. For others, it’s still Africa rising. Here’s what we know.
Dana Sanchez, 11:23 am
In the same way that ATMs did not make bank branches obsolete, autonomous cars won’t make Uber drivers obsolete, said Alon Lits, managing director of Uber sub-Saharan Africa. All the major auto makers are experimenting with autonomous vehicles, but Uber, which has disruption embedded in its DNA, is the first to actually put it to test on city streets with everyday commuters. The Uber test cars in Pittsburgh aren’t actually self driving. Uber employees are behind the wheel in case the cars’ self-driving systems make mistakes.
Lillian Mutiso, 3:58 am AFKI Original
Obesity is a health condition where a person has high levels of cholesterol, sugar or salt and insufficient nutrients. Poor dieting regimes, genetics or lack of physical exercises are major causes of the condition. In Africa, obesity has been on the rise in recent years due to a rapidly growing urban population across the continent. The continent accounts for nearly 25 percent of the global population of 41 million children under five years who are obese.
Karen Elowitt, 1:32 am
White Desert National Park, which is located about 45km north of the oasis town of Farafra, gets its name from the giant, surreal rock formations made from white chalk. These stark limestone monoliths, which were carved by sandstorms over thousands of years, contrast sharply with the brilliant orange dunes. Enjoy this visual journey through White Desert, an otherworldly place that will mesmerize, haunt and amaze you.
Peter Pedroncelli, 9:00 am
South African national team midfielder Dean Furman says that Bafana Bafana have what it takes to win the 2016 Nelson Mandela Challenge against Egypt on Tuesday, 6 September, at Orlando Stadium in Soweto. Bafana have won the past two editions of the Mandela Challenge, defeating Senegal and Cote D’Ivoire 1-0 and 2-0 respectively.
Peter Pedroncelli, 5:22 am AFKI Original
Over the past weekend the final qualifying matches took place for the 2017 Africa Cup of Nations (AFCON), which will take place in Gabon this coming January. With qualifying now complete, the 16 teams that will be present in Gabon to compete for the title of Africa’s best are now known, and final preparations can begin. Here are the 16 African national teams that have qualified to take part in the 2017 AFCON tournament.
Staff, 11:14 am
The Twitter hashtag #IfAfricaWasASchool was trending a few weeks back. It’s is a celebration of what makes each country unique in a fun way, says Egyptian-American Malaka Gharib. The funny memes, tweets and one-liners disarm people and cut tension about political strife and interstate rivalries. They also defy backward stereotypes the West may have about people on the continent. And they invite Africans in the diaspora to participate.
Peter Pedroncelli, 5:43 am AFKI Original
This coming weekend sees the final round of AFCON qualifiers, with teams from all over the continent finalising their qualifying campaign for the 2017 Africa Cup of Nations, which is set to take place in Gabon in January and February next year. Here is a brief look at some of the AFCON qualifiers, and what they will mean for the countries involved.
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