Egypt: Latest News
Dana Sanchez, 2:22 pm AFKI Original
Shopping is changing in Africa. Formal retail developers are learning from the failures of malls in developed markets like the U.S., and applying new models to old ideas. African micro enterprises and small businesses will have a greater demand for shared space and flexible office space in the future. New or existing African office developments will need to apply design principles used in innovation labs, incubation centers and flexible work spaces, a stakeholder said.
Dana Sanchez, 12:02 am
If you own a mobile phone, chances are it has tantalum in it from Africa and you have small amounts of the rare metal within inches of your brain. U.S.-based AB Minerals claims to have invented a new disruptive tantalite processing technology that it says will enable tantalum-producing countries to add value to the ore themselves rather than exporting raw ore to China. The company hopes to sell this technology all over Africa. The first African plant is expected to begin operating in Rwanda in 2017. Here’s part of an interview with AB Minerals founder and CEO Frank Balestra.
Karen Elowitt, 12:01 am
In the 1920s when this photo was taken of a Xhosa man with a pipe, the South African government was busy reinforcing the foundations of apartheid. The government reserved skilled work for whites and denied black workers the right to organize. Legislation in the Natives Urban Areas Act of 1923 entrenched urban segregation and controlled movement by means of pass laws. The hated pass laws were designed to force blacks into labor and to keep them at wage levels that suited white employers.
Dana Sanchez, 10:57 am
A scholarly tradition tied to agriculture, stargazing in Ethiopia predates Christianity. Some historians argue that the first study of celestial bodies can be traced back to Ethiopia. Ethiopia’s space ambitions could make it the first country in the Horn of Africa and Northeast Africa to become a space power. Developing satellites and rocket launchers locally in Ethiopia could prompt Kenya, Uganda, Egypt and even Sudan to accelerate their own space ambitions.
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.
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