Egypt: Latest News
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.
Joe Kennedy, 7:00 am
Climbing Egypt’s Mount Sinai on a camel means you get to experience one of the most biblical hikes on the planet without a workout. If you can’t climb, rent a camel and let it negotiate the switches for you through arid, craggy terrain, to the 7496-foot summit. Also known as Gabal Musa, it’s the possible location of the biblical Mount Sinai, mentioned many times in the Book of Exodus and the Quran. Jewish, Christian, and Islamic faith agree. Mount Sinai is where Moses received what forms the basis of law today: the Ten Commandments.
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.
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