Namibia: Latest News
Dana Sanchez, 2:20 pm
Many in the U.S. are tired of one-way trade preferences to Africa without reciprocal access for U.S. goods. “It’s time to start looking at what comes next,” said the U.S. Trade Representative at the World Economic Forum. Regional integration could play a role. “Part of what motivates us is that we are hearing from Africans that they want to move towards a more permanent, reciprocal kind of relationship.” South Africa risked losing its AGOA benefits over U.S. chicken, which finally hit SA shelves for the first time in 15 years.
Joe Kennedy, 10:06 am
Africa has some of the largest, hottest, highest and most awe-inspiring deserts in the world. The images they conjure are intoxicating, from herds of camels plodding through Saharan dunes, to crazy critters skittering through sands of the Karoo, to the hauntingly desolate rock-scapes of Namibia. And who better to capture the beauty of Africa’s deserts than Instagrammers? These 10 folks headed out to the desert to see it for themselves, and brought back these amazing photos.
Ann Brown, 5:00 am AFKI Original
Namibian naturopath Petrina N. Auino-Mwandingi, 31, was one of nine young African leaders chosen from 600 applicants to come to the U.S. and learn American style entrepreneurship as part of Obama’s Young African Leaders Initiative. “We focused on social entrepreneurship and how to build strong businesses,” she told AFKInsider. “Skills like marketing and branding.” Two young women in a not-so-popular health field, she and her partner had to turn obstacles into challenges and then work to overcome them. “We kept on going even when it would have been easier to just quit,” she said. Read her inspiring interview here.
Dana Sanchez, 3:50 pm
All the major mobile network operators in South Africa offer services in the major languages — there are 11 official ones in SA. Language alone is probably not enough to run a successful mobile communications business, an analyst said. An Afrikaans-language MVNO could theoretically reach 10 million people but customers are more concerned with the quality and value. MVNOs seek to exploit a niche in the market that the bigger players may not be serving well. Getting new customers will likely be about identity and cultural affinity.
Dana Sanchez, 8:21 am
Sizakele Mzimela is the co-founder, CEO and majority shareholder of Fly Blue Crane. Her trajectory in aviation began with her first job as an analyst at South African Airways. After that, she kept getting promoted. Her advice to other female aviators? “You can stand up and say ‘I am the best person for the job’. Understand that we just have to work harder. It’s unfair, but you spend less time complaining and more time finding a way to move on and break through.” Fly Blue Crane begins flights from Cape Town to Windhoek May 13. One-way fares are around $103.
Staff, 12:02 am
Without public debate, the environmental impact assessment for mining licences has been finalized. Uranium was first discovered in 1967 in the Karoo, when the state-owned Southern Oil Exploration Company drilled exploration boreholes for oil and found uranium. Karoo uranium is found in at a shallow depth of 5 to 50 meters below the surface and will be excavated in open pits. Why suddenly such large-scale plans to mine a resource that the market hardly needs, just as the market for nuclear power is shrinking?
Dana Sanchez, 3:19 pm
At least seven investors said they’re interested in buying part of Barclays’ stake in Africa. The bank said it expects to maintain single-digit loan growth this year with the rest of its African operations expanding faster than South Africa. Revenue continued to improve and growth in the rest of Africa is well above that of South Africa. What happens to Barclays in the future could depend a lot on what the South African Reserve Bank wants, one investment manager said.
Kurt Davis Jr., 8:45 am AFKI Original
South African commodities will likely feel more pain in the second half of 2016. Some argue that a potential sale of Barclays Africa is influenced by the significant drop in its value relative to the rand and the subsequent effect on the JSE. Customers in Africa, at the end of the day, all want better access to financial services. Banks must be efficient, competitive and reduce cost to retail customers in mature and immature markets. That would benefit the entire continent, not simply Southern Africa.
Dana Sanchez, 9:10 pm
Several cities in Africa rank among the world’s most expensive, reflecting high living costs and high prices of goods for expats. Luanda (No. 1) remains the most costly city in Africa and the world, followed by N’Djamena (No. 10), Victoria (No. 17), and Libreville (No. 30). Below we’ve ranked 13 cities in Africa with the lowest cost of living. South Africa made it onto this list twice. No. 1 on this list — the city in Africa with the lowest cost of living — ranked No. 206 out of 207 countries, only slightly more expensive than Bishkek, Kyrgyzstan.
Dana Sanchez, 1:34 pm
Marriott International, already the largest hotel chain in Africa, is continuing to expand on the continent and plans to build its first hotels in seven African countries between now and 2025. In 2014, Marriott acquired South Africa’s Protea hotels. In January, it said it would merge with competitor Starwood in a $12.2 billion deal that will make the U.S.-based corporation the largest hotel chain in the world. The buyout is expected to be complete in mid-2016.
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