Kenya: Latest News
Peter Pedroncelli, 3:23 am AFKI Original
The year 2016 has provided African sports fans with numerous moments to be proud of, with many African Sporting highlights that stand out after reflecting on the year that was. Sport can always be relied upon to lift the spirits of fans, and give everyone something to celebrate, even during difficult times. That is the beauty of sport. We gathered 15 highlights in African sport from the year 2016.
Staff, 4:43 pm
Demo Africa has sent 20 African startups to Silicon Valley over the last four years. Arriving there is no guarantee of success. Twelve of the startups are still alive and breathing, four are on life support and four “are just dead and done,” said angel investor Stephen Ozoigbo. Demo Africa was launched five years ago by the U.S. State Department. It’s the African edition of a bigger group of events that include Demo U.S., Russia, Europe, Brazil and Demo China. The Demo-brand launchpad has helped big-name startups such as Adobe got exposure.
Dana Sanchez, 9:35 pm
For centuries, humans introduced alien species into new environments, sometimes with the hope of solving a problem. These acts often disrupted native ecosystems. Native to India, common mynas escaped into the wild in South Africa in 1902. Strong territorial instinct and a preference for living close to humans make the common myna an enormous urban pest. They’re known to kick other birds out of the nest. Their range is increasing so fast that they’ve been declared one of the world’s most invasive species — one of three birds in the top 100 species that could impact biodiversity, agriculture and human interests.
Uganda Could Be 1st African Country To Regulate Digital Currencies. Bitcoin Africa: What To Expect In 2017By Dana Sanchez, 4:52 pm
Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone. Bitcoin transactions increased more than tenfold in Kenya in 2016, according to LocalBitcoins, the world’s largest online bitcoin trading marketplace. In 2017, Uganda could be the first African country to regulate digital currencies.
Dana Sanchez, 3:50 pm AFKI Original
Trained as a pastry chef, Obado Obadoh learned his craft working for major Kenyan hotel chains. In 2011 he had an opportunity to buy out an existing restaurant. The result is Café Deli, Kenya. His secret to success? “Paying your debts,” he said. “When an investor or a bank gives you their money, just pay it back. They will trust you and help you in future.” Obadoh advises entrepreneurs not to get caught up trying to impress people with things they can’t afford. “I don’t … waste funds trying to live a life that’s not yet mine,” he said.
Dana Sanchez, 11:26 am
At 14,176 feet, Mount Elgon on the border of Uganda and Kenya isn’t Africa’s best-known mountain. An extinct volcano, it often gets overlooked on the regional adventure trail. It has one big thing going for it: It’s more suitable for beginner climbers than most other African mountains. It also has waterfalls, warm springs and lots of large caves. The Ugandan town of Mbale near the Kenyan border is the gateway to Mount Elgon.
Dana Sanchez, 10:40 am
Women must get a husband’s permission to obtain identity cards in at least two African countries. However there are many African countries where women have unequal access to property, land and tenure rights. This hinders women from contributing to their countries’ economic growth, the African Development Bank says. The finance institution was established in 1963 to contribute to African economic development and social progress. It provides financing to African governments and private companies. So how much money are we talking about? In 2015 alone, AfDB disbursed $8.8 billion US.
Dana Sanchez, 11:41 am
Europe’s largest automaker is expanding in Africa, hoping to open an auto assembly plant in Rwanda and also pilot ride-hailing and car sharing services. VW’s move into “app-based integrated mobility” in Rwanda is significant for two reasons. It’s happening in an African city and it’s a new business model for future urban mobility. Rwanda does not have an established vehicle industry and Uber hasn’t entered the market yet. VW isn’t just competing with Uber. Other ride-hailing services are looking for new markets in Africa.
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, 12:45 pm
Coca-Cola and AB InBev are the world’s largest makers of soft drinks and beer, respectively. Africa is important for Coke because soft drink consumption continues to grow on the continent. Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa. With little room left for AB InBev to grow meaningfully in beer, bankers speculate the deal-hungry mega brewer may eventually move into soft drinks. That could put Coke at the top of its list.
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