Mauritius: Latest News
Kurt Davis Jr., 3:41 pm AFKI Original
Sub-Saharan African banks are late to the party. More than 75% of Africans lack access to traditional banking. Fintech offerings with the most potential are the ones that address the unbanked and underserved. Addressing Africa’s poor is impactful and a money maker, but it’s also time-consuming — something to consider if you want a quick return. Africans may be quick to try a mobile app or technology but end users are not always quick adopters. Here are five sub-Saharan markets with the most opportunities in fintech.
Dana Sanchez, 3:24 pm
With a $500,000 US investment, foreigners can buy Mauritian residency and apply for a passport after five years of property ownership. By early 2016, there were 3,200 U.S. dollar millionaires living in Mauritius — population 1.3million. Most are from France and Southern Africa. Part of the attraction is low or no taxes. “No housing or property tax, no inheritance tax on properties purchased and no capital gains tax speaks directly to property investors,” a stakeholder said.
Dana Sanchez, 12:42 pm
While there is plenty of information available online about Airbnb’s growth in South Africa, not much is available on its progress throughout the rest of the continent. We know that Airbnb has 25,000 listings in South Africa, and more than half are in Cape Town. Marriott, meanwhile, is on track to have 205 hotels and 37,000 rooms in all of Africa after its six new African hotels are built. Three of the six new Marriott properties will be in Cape Town.
Dana Sanchez, 11:22 am
The Silicon Valley based Zipline team tested its drone delivery system for months in Rwanda to make sure it worked prior to launch, usually with an audience of locals. “Every day, we have hundreds of Rwandans lining up along the fence of the distribution center to watch operations,” said Zipline’s CEO. “The whole crowd cheers for every single takeoff and landing throughout the day. Some people show up at 6 a.m. to get good seats.” Some aid workers say drones have a bad reputation in Africa. People think they’re weapons.
Dana Sanchez, 8:52 pm AFKI Original
Burkina Faso is an Africa success story for press freedom. The recent military coup was accomplished without any major violations of freedom of information. Insulting the president may be decriminalized soon. Both print and broadcast media are more pluralistic and dynamic than most African countries. Transparent governments that respect human rights and the rule of law tend to be good for business and investment. We’ve highlighted 12 countries in Africa that rank highest for press freedom in 2016.
Dana Sanchez, 6:28 pm
Ibrahim got rich on telecommunications, but he has invested millions in good governance. “Power corrupts absolutely,” Ibrahim said. He called for more international outrage over stolen elections. “People are learning how to steal elections because that looks less brutal than saying ‘I’m president for life,'” he said. “There is a limit to how long they can go on stealing elections. More and more of these elections are being subject to the harsh light of … social media.”
Staff, 4:45 am
Many innovations in Africa fail to materialize due to of lack of knowledge about registering intellectual property. Resident applications for patents are low in African countries. In 2014, there were 132 patent applications in Kenya, 14 in Zambia and five in Rwanda compared to over 280,000 in the U.S. and 19,000 in the U.K. The registration of copyright in many African countries has not taken off and this data is not taken into account in economic surveys. Microsoft’a online IP registration system replaces traditional paper-based forms.
Dana Sanchez, 5:56 pm
International bookings for travel to Africa look highly encouraging through December, according to travel intelligence firm ForwardKeys. Travel within Africa is ahead 9.4 percent for the year. Europe, with more than 60 percent of forward bookings, is ahead 11.3 percent. North Africa has seen slow growth or even decline — people are scared to travel there — while East Africa has seen double-digit growth. Tourism tends to take up to two years to recover after terrorists attack tourists.
Lillian Mutiso, 3:58 am AFKI Original
Obesity is a health condition where a person has high levels of cholesterol, sugar or salt and insufficient nutrients. Poor dieting regimes, genetics or lack of physical exercises are major causes of the condition. In Africa, obesity has been on the rise in recent years due to a rapidly growing urban population across the continent. The continent accounts for nearly 25 percent of the global population of 41 million children under five years who are obese.
Lara Moses, 7:58 am
The island of Mauritius, located 2000 km off the African coast, is known for its stunning lagoons, white sandy beaches and unique culture and cuisine. But underneath its calm waters is an amazing underwater world filled with shipwrecks, coral reefs and a variety of sea life, making it one of the best places in Africa to scuba dive. With excellent visibility, warm water and dive sites ranging from 7 m to 45 m, it is a place for divers of all experience levels.
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