Kenya: Latest News

  • Most Disputes Involving Private Investments In Africa Relate To Land Rights, Report Says

    By Mongabay, 9:25 am

    There’s a mistaken belief that Africa is a continent of empty, freely available land open for development. Companies investing in land in Africa feel they can cut a deal with the government, raze the land, and create vast plantations. “No land is unclaimed,” a stakeholder said. “Uprooting communities without their consent from their lands and traditional livelihoods creates conflicts and social unrest.” Most disputes involving private investments in Africa – 63 percent – relate to local people being displaced off their land. These disputes affect sugarcane and palm oil production, mining for gold, diamonds and coal, and green energy to harvest wind and solar power.

  • Expanding Internet Capacity In Africa: Best Opportunities For Private Investors In 2017

    Expanding internet capacity in Africa By Kurt Davis Jr., 7:45 am AFKI Original

    Everyone knows that Africa leapfrogged landlines to mobile phones, but without mobile, the continent is unconnected. Less than 20% are connected to the internet. Business and finance have become online activities globally. Africa needs to get up to speed to compete. Private investors are looking beyond the usual suspects. These are the African countries with the best opportunities for private investors to expand internet capacity in 2017.

  • 22 Pioneering Digital Media Projects Getting Paid To Tell Africa’s Stories And Hold Governments Accountable

    pioneering digital media projects By Dana Sanchez, 10:08 am AFKI Original

    Ideas that solve African problems but have the potential to be adopted globally are attracting investment. A jury that includes Google, World Bank and Ford chose 22 media projects to receive $1M in seed funding. The ideas tackle issues from fake news to frontline war reporting using technology such as bots, drones and sensors to improve journalism in Africa. It’s an experiment with leapfrog technologies, but the real goal is to build real-world solutions to real-world problems that can immediately be scaled by mainstream media.

  • Somalia’s New President Is A Dual US-Somali Citizen

    Somalia's New President By Dana Sanchez, 3:44 pm

    Mohamed Abdullahi “Farmajo” Mohamed spent much of his adult life in Buffalo, New York. He has lived in the U.S. since 1985, sent there with Somalia’s foreign affairs ministry. He earned degrees from the State University of New York, raised a family and worked for the NY state government. But he stayed involved in Somali politics. More than 20 candidates ran in the Somali presidential race. At least 16 have dual citizenship. Nine have U.S. passports, according to a leading private Somali radio station.

  • Crowdfunding In Africa: Opportunities And Challenges

    Crowdfunding in Africa By Staff, 9:40 pm

    Crowdfunding has been steadily gaining traction in Africa over the past decade. There are 57 crowdfunding platforms on the continent — most designed to serve local consumers and support projects in the host country only. Still, crowdfunding in Africa is limited compared to other regions. In 2015, the African crowdfunding market amounted to about $70 million, less than 1 percent of the global market. Investors and African entrepreneurs who use crowdfunding are operating in an unregulated space, at least in most African countries.

  • 7 African Countries Favored For Infrastructure Investment In 2017

    African countries favored for infrastructure investment By Kurt Davis Jr., 9:32 am AFKI Original

    Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.

  • 8.2 Percent Of The World’s Facebook Users Are In African Countries

    Facebook users are in African countries By Dana Sanchez, 12:35 pm

    Facebook beat Wall Street expectations for sales and user growth in the fourth quarter of 2016, and it credits Internet.org, its free basic version of the internet in developing countries, for helping make that happen. It added more users worldwide in the fourth quarter than any quarter since the company went public in 2012. Founder Mark Zuckerberg’s vision is to get more Africans online. “This isn’t a purely altruistic venture,” an analyst said. Internet.org, is available in 23 African countries through partnerships with mobile operators.

  • How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans

    disrupting remittances By Dana Sanchez, 3:22 pm AFKI Original

    If Ant expands access to mobile money, it could mean that even more people will receive remittances on their mobile money accounts, and that will be good for Ismail Ahmed. Mobile money is disrupting remittances and making formal transactions easier, says Ahmed, a Somali entrepreneur and CEO of online money transfer service WorldRemit. Only 5% of remittances today are sent online. The rest is cash, paid over the counter or at agents. Online remittances are projected to grow six-fold to reach at least 40 percent in the next few years.

  • If You Loved ‘Out Of Africa,’ Spend A Day In Karen, Nairobi

    spend a day in Karen, Nairobi By Susan McKee, 8:04 am

    A trip to Nairobi wouldn’t be complete without time spent in Karen, an affluent neighborhood of Kenya’s capital. The area has an English country feel. Houses are on five-acre lots with stone walls and iron gates. Many have stables. It’s still debated whether Karen is named for the author of the book, “Out of Africa.” One thing is clear. Karen Blixen is remembered here. The centerpiece of the neighborhood is her former home, now a museum. Much of the action in the 1985 movie starring Meryl Streep took place here.

  • African Union’s Resolution For ICC Withdrawal Reveals Divisions Over Impunity

    ICC withdrawal By Dana Sanchez, 1:49 pm

    The A.U. is divided on whether or not to collectively adopt a plan that Human Rights Watch described as having no timeline and “few concrete recommendations for action.” Unless the ICC undergoes reforms, African countries should make a coordinated withdrawal, according to the resolution. A proposal refers to the creation of an alternate regional African war crimes court. South Africa and Kenya have pushed for withdrawal. “They’ll be disappointed that the discussions about completely severing ties with the ICC will have to wait another six months for the next summit,” an analyst said.

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