Kenya: Latest News
Kurt Davis Jr., 10:56 am AFKI Original
Kenya has long been known for fantastic athletes, but not so much for entrepreneurs focused on the business of fitness. Kenya-born Saloni Kantaria Mathur ranked No. 1 in Kenyan women’s tennis and studied law in the U.S. before starting an indoor cycling studio in Nairobi. The Reform brand is unmistakably Kenyan and it’s not your average gym experience. Reform integrates live-streamed performance data tech into classes, bringing the competitive instinct into the workout. Mathur shared with AFKInsider what she learned as a female African fitness entrepreneur.
Staff, 3:53 pm
Recently renewed by U.S. President Barack Obama, the African Growth and Opportunity Act, or AGOA, allows qualifying African countries to export certain products to the U.S. duty free. U.S. exports to Africa, however, are subject to customs duties. Incoming President Donald Trump isn’t going to go for that, says Herman Cohen, a former U.S. ambassador to several African countries. “I have the feeling that he will ask African governments to accept reciprocity in trade relations,” Cohen said.
Dana Sanchez, 12:29 pm
Despite reports of inequality and xenophobia, South Africa’s relative wealth and stability continue to draw migrants from all over Africa. South Africa has the highest number of pending asylum claims in the world — more than 1 million. African refugees heading to Europe get disproportionate media coverage. A far greater number would rather seek security and livelihood elsewhere in Africa. Of the world’s 17 million displaced Africans, only about 3 percent are in Europe. The vast majority are in Africa.
Staff, 1:38 pm
A four-page list of Africa-related questions from Trump’s transition team to the State Department suggests a U.S. pullback from development and humanitarian goals but not necessarily from trade. How does U.S. business compete with others in Africa? Are we losing out to China? How much U.S. funding is stolen due to corruption? Why should we spend these funds on Africa when people are suffering in the U.S.? Americans believe the U.S. spends 25% of its budget on foreign aid. In reality it’s closer to 1%.
Global Risk Insights, 12:13 pm
While the world electrification rate is roughly 84 percent, only 19 percent of the sub-Sahara Africa population is connected. The grid is unlikely to expand fast enough to satisfy demand. Pioneering business models relying on pay-as-you-go could push off-grid solar energy to reach 9 million African households by 2020. Despite the early success of off-grid solar energy access through pay-as-you-go payment models, challenges remain.
Dana Sanchez, 11:24 am
Built in China, paid for by China, built by Chinese, operated and maintained by Chinese — news media reports often describe the newly refurbished, high-speed Addis Ababa-Djibouti Railway as a project in which China is fully vested. But China didn’t finance the entire railway by a long shot. Ethiopia and Djibouti financed about 45 percent of the Addis Ababa-Djibouti Railway.
Peter Pedroncelli, 5:45 am AFKI Original
The cosmetics industry in Africa is a burgeoning market that is set for increased interest from international brands as well as added opportunities for local entrepreneurs. From $400 per weekend to $1 million a month, local business successes form part of the cosmetics narrative in Africa, with opportunities waiting to be tapped. Here are 12 things you may not know about the cosmetics industry in Africa.
Kurt Davis Jr., 11:03 am AFKI Original
Presidential term limits are a slippery thing. Occasionally they can seem like a good idea. Most of the time, not so much. That’s what makes these five upcoming African elections so riveting. Everyone is watching to see who replaces Liberia’s popular Ellen Johnson-Sirleaf — Africa’s first female president. Will it be a former soccer player, or the ex wife of former Liberian President Charles Taylor? He was convicted of aiding crimes against humanity. She’s one of the most powerful woman in Liberian politics. Or it may be a former Coca-Cola executive, a former central bank governor or an attorney.
Alexis Borochoff, 7:43 am
Owls have been feared since ancient times, considered symbols of death or bad omens. Some Swahili believe owls bring illness to children. In parts of Cameroon and Nigeria, some consider owls right up there with Voldemort in the Harry Potter series — too evil to name. But owls also have fan clubs — birders who have the passion and means to travel to Africa and look for owls on birding tours. If you don’t agree that owls deserve their bad reputation, owls can be quite amusing. Here’s a little levity on the topic.
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.
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