Gambia: Latest News
Julia Austin, 2:03 am AFKI Original
You may have read about a lot of tech companies building things like mobile pharmacy apps and virtual classrooms, but do you ever wonder where they get the capital? There is a good chance they went to one of these investors, who are putting a lot of money into the technology landscape in Africa.
Dana Sanchez, 11:06 am
As wealth gets more evenly distributed across the world, Africa is following in China’s footsteps as a major source of luxury spending power. Nigerian tourists became the fifth biggest spenders in London in 2014. Continued growth will pressure retailers to adapt to their needs. Staff with a grasp of Yoruba are in high demand. Key cities in Africa remain on the radar of luxury retailers planning entry or expansion. Check out the top African countries on their radar.
Dana Sanchez, 11:50 am
Orange’s ACE submarine cable has launched Phase II of a 17,000km fiber optic cable that promises high speed Internet access to the countries where the France-based telcom does business. ACE is the first international submarine cable to land in at least 7 African countries. The new segment will connect Sao Tomé & Principe to South Africa. South Africa is already connected to the rest of the world through five submarine cables.
Julia Austin, 10:04 am AFKI Original
Transportation of product is one of the top logistical issues facing the pharmaceutical industry in Africa. Many pharmaceutical companies will open branches in African cities, and eventually rural areas, say analysts at logistics company DHL. Global pharmaceutical companies are looking to Africa for growth opportunities. Here are some trends to look out for in the African pharmaceutical industry.
Julia Austin, 8:42 am AFKI Original
Events and festivals dedicated to African fashion are popping up all over the world and they’re well attended. All Things Ankara Fashion Week showcases Ankara print fashion and integrates it in international markets. Ankara is African wax print featuring vibrant patterns, a staple of African traditional clothing. The event has over 23,000 followers on Instagram. Here are 12 African fashion events that attract big business.
Dana Sanchez, 2:13 pm AFKI Original
African business aviation slowed in 2014. The business jet market in Africa isn’t growing in proportion to GDP economic growth on the continent, but it’s poised for significant expansion, experts say. Wealthy Africans are opting to acquire their own jets to save the time that would otherwise be lost waiting for commercial flights. Check out the size of the business jet fleets in 17 African countries.
Julia Austin, 5:56 pm
Since there’s always someone at Thanksgiving dinner who doesn’t like turkey, you’re smart to have another meat dish on the table. Bobotie is a traditional African dish with similar look and texture to a casserole—another Thanksgiving table staple. It’s made with minced lamb, beef or both, delicious spices, fruit and nuts.
Dana Sanchez, 10:38 am
South Africa — by far the largest user of AGOA benefits — more than doubled exports to the U.S. since 2000 under the African Growth and Opportunity Act, which gives duty-free status to elibible countries trading with the U.S. In renewing AGOA, Congress gave Obama the option to suspend non-compliant countries’ benefits on a product-by-product basis. Previously, countries were either in or out. Total two-way trade between SA and the U.S. was about $14B in 2014.
Dana Sanchez, 5:04 pm
In Africa, creative industries offer massive potential for job and GDP growth. “If you are investing in mines or crude oil, you should also invest in the cultural sector to get value,” an expert said. Textiles and clothing are No. 2 in developing countries after agriculture, with a workforce made up largely of women. There’s great scope to hire more youth. This growth is due in part to technological changes in manufacturing, distribution, marketing, and intellectual property in the digital world.
Staff, 12:01 am
Trevor Noah is South Africa’s most successful export to the U.S. since Charlize Theron. South Africans don’t mind losing him if it means that he uses his platform as the new host of “The Daily Show” to make South Africa more prominent in the eyes and minds of American and global audiences. But when Noah joked that Trump is basically like an African president, he was no longer on firm ground.
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