Egypt: Latest News
Dana Sanchez, 12:53 pm
When Tanzania gets electric power from Ethiopia, it has to pass through Kenya. The dam has strained relations between Ethiopia and some of its neighbors. Countries that are integrated economically have to watch out for their political relationship, Ethiopia says. Ethiopia’s potential production capacity from hydro, geothermal, wind and solar is over 60,000MW — about 40% of Africa’s current installed capacity. South Africa’s Eskom exported 13,465GW of power during 2015-2016. Most of it wasn’t renewable. A gigawatt is 1,000MW.
Dana Sanchez, 11:41 am
Youth unemployment, especially in failing states, is one of the causes of extremism. Firms less than 5 years old have for decades accounted for nearly all net job creation in the U.S. In less mature economies, entrepreneurs are just as critical for job creation, economists say. Entrepreneurship promotes peace. “We have to give people something to live for, instead of the guys that pitch them something to die for,” said Egyptian-American investor Ahmed El Alfi. Is the U.S. doing enough to promote entrepreneurship in its African foreign policy?
Kevin Mwanza, 2:43 am
Egypt has accepted a $12 billion loan from the International Monetary Fund (IMF) that the North African country hopes will help jumpstart its ailing economy as it struggles to recover from effect of the Arab Spring. The loan will be extended over a three year period and will help the Arab Gulf state to undertake key reforms that will help it reduce unemployment and arrest a rising inflation. The reforms are also expected to include another devaluation of the Egyptian pound
Alexis Barnes, 7:13 pm AFKI Original
Pregnancy is a legitimate fear in Mozambique, where 48 percent of women were married by age 18. Child brides are more likely to be poor and stay poor. Mozambique recently joined Egypt, Zambia and Ethiopia as a growing number of governments develop strategies, on paper at least, to end child marriage. “It is a waste when half the population is not contributing to the prosperity of a country,” a stakeholder said.
Dana Sanchez, 9:46 am
Used cars rule African roads. Africa’s tiny new car market is dominated by giant global automakers like Toyota. Eight out of 10 new cars are sold in just four African countries. It is in this environment that made-in-Africa auto makers like Uganda’s Kiira Motors hope to compete. How a school project became the focal point of Uganda’s vision for economic transformation may be one of the most amazing stories of the rise of African automakers.
Lillian Mutiso, 7:50 am AFKI Original
The Arab Spring was a series of anti-government protests that rocked Middle East and the North African nations of Tunisia, Libya and Egypt. It started on December 18, 2010 in Tunis, Tunisia. The revolution led to the fall of long standing regimes in the region. In Libya, various factions sprang up, trying to seize control of the nation. Most parts of the country are still relatively unstable
Julia Austin, 11:56 am AFKI Original
Dakar’s colorful car rapides — “fast cars” — are the most popular mode of transportation in Senegal’s capital. Part of history, some of these buses and mini-buses have been operating for over 40 years, and even have an exhibit dedicated to them. A ride on a car rapide costs around 16 cents. Some newer buses called tatas or kinglongs cost around 90 cents per ride. There’s a plan to phase out car rapides by 2018 as Dakar upgrades its urban transportation network.
Dana Sanchez, 5:52 pm
Today, 80 percent of all West African airline traffic is carried by non-African carriers and about 15 percent by non- West African carriers. East African airline Kenya Airways recorded a 28 percent increase in passengers in West Africa for the year ending June 2016. Yet West Africa, with 40 airports and 300 million population in 15 countries, has no strong airline and no airport hub. Several airports are vying to be hubs.
Dana Sanchez, 12:23 pm
Global tech and mobile giants are increasingly involved in Africa’s 314 active tech hubs. New tech hubs are opening on a weekly basis, according to new research by GSMA, the powerful mobile trade and lobbying association. GSMA recently launched its own innovation fund to tap local startups. Regardless of their type, it’s the facilitator role of tech hubs that explains their proliferation in Africa.
Joe Kennedy, 7:00 pm
The massive pyramids in Egypt reigned as the largest and tallest structures in the world for nearly four millennia. All were built in the path of the setting sun on the west bank of the Nile River, which the ancient Egyptians considered the realm of the dead. Of the 118 known pyramids in Egypt, here are ten that we consider the most captivating.
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