Gambia: Latest News
Dana Sanchez, 8:13 pm AFKI Original
We may connect death with taxes but taxes indicate the health of a country’s economic development. In 1789 when the U.S. democracy was in its infancy, Benjamin Franklin famously wrote, “In this world nothing can be said to be certain, except death and taxes.” In African countries, the formal sector often accounts for less than half the economy. Here are 10 African countries with low tax-to-GDP ratios.
Dana Sanchez, 4:41 pm
A thousand entrepreneurs from 51 African countries attended a two-day boot camp in Nigeria hosted by Tony Elumelu with speeches by a who’s who of African influence. Chosen from 20,000 applicants, each of the winning 1000 entrepreneurs will receive $10,000 from Elumelu to support their businesses. Elumelu pledged $100 million to help grow 10,000 exceptional startups and young businesses from across Africa over the next 10 years.
Julia Austin, 2:12 pm
Acacia is found in South Africa, Madagascar and many parts of Africa. It’s often used in aromatherapy essential oils as well as candies and soft drinks because of its glue-like properties. Organic products use acacia as a natural alternative to chemical binders. If the world understands the invaluable properties of these healing plants from ancient African cultures, maybe we’ll do a better job preserving them.
Staff, 10:57 am
In 2014, South Africa became the first non-Muslim country to issue a sukuk, or Islamic bonds, in sub-Saharan Africa. U.A.E. is No. 4 in Africa for foreign investment after the U.S., the U.K. and South Africa. Middle Eastern investors were especially strong in real estate, hospitality and construction, financial services, and consumer products and retail.
Staff, 12:25 pm
Africans and members of the African diaspora are using Twitter to challenge stereotypes about the continent with a hashtag that started trending after its June 23 kickoff. A Twitter user asked followers to showcase the beauty of Africa. “I got involved because growing up I was made to feel ashamed of my homeland, with negative images that paint Africa as a desolate continent,” the 22- year-old said.
Dana Sanchez, 10:14 am
Benin now has expanded broadband Internet access via submarine cable launched by French telecommunications giant Orange and the ACE submarine cable consortium. This furthers Orange’s goal to expand widespread Internet access in African countries where it does business. The 17,000-kilometer cable now serves 18 countries including 13 in Africa.
Staff, 12:50 pm
Monsanto tries to genetically engineer superfoods. Thing is, such superfoods already exist in Africa. The leaves of amaranth, pumpkin, and cowpea (black-eyed pea) plants are packed with vitamins, minerals, and protein. Their popularity waned as urbanization swept through Africa, but they’re gaining renewed interest from urban dwellers and food-security experts. Their leaves outshine rival Western greens introduced into African agriculture over the past century.
Dana Sanchez, 11:05 pm
Gambia’s President Yahya Jammeh has reversed a decision to deport a Lebanese businessman listed on a U.S. anti-terror list for financing Hezbollah. Again. Husayn Tajideen owns the largest shopping center in Gambia and the U.S. says he’s using the proceeds to finance the Iran-backed Shi’ite Muslim group. Gambia ordered Tajideen’s expulsion once before in 2013. He was pardoned that time too.
Staff, 9:07 pm
U.S. researchers have developed a laser scan that gives an accurate malaria diagnosis in seconds without breaking the skin. They’re preparing for trials in Africa. Malaria threatens half the world’s population, killing 584,000 people in 2013. Existing tests for malaria are already quick, taking only 15 to 20 minutes to give a diagnosis, but blood has to be taken, the test must be conducted by trained personnel and extra chemical reagents must be used.
Dana Sanchez, 4:08 pm
It’s harder to get into Fred Swaniker’s African Leadership Academy just outside Johannesburg than it is to get into Wharton or Stanford or Harvard. A lucky 100 students each year are selected because of the potential impact they can have on the continent. Many of them at age of 16 or 17 started companies, invented products, or led political movements in their countries. Swaniker plugs them into a powerful network of venture capitalists.
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