Namibia: Latest News
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.
Dana Sanchez, 10:54 am
Investment in HIV/AIDS treatment is paying off. From 2000 to 2015, all sub-Saharan African countries saw life expectancy rise. Seven African countries are notable for their health care systems. This provides an upbeat alternative to the gloom of the Africa falling narrative that questions the growth of Africa’s much-hyped rising middle class and charges African leaders with poor governance.
Roxanne Reid, 7:00 pm
Etosha National Park in northern Namibia is probably one of the best wildlife parks in all of southern Africa, the game viewing at its water holes unmatched. There are more than 40 water holes in Etosha, each with its own strengths – unless they’re dry or there’s water everywhere in the veld after good rains, which usually fall between November and April. For the most consistently good wildlife sightings over the years, here are 10 of my favourites.
Carri WilbanksAFKI Original
Benni McCarthy played for seven football clubs in five countries during a glittering career that saw him become a South African football legend. With time spent as a professional footballer at Celta Vigo, Porto, the Blackburn Rovers and West Ham United, and a number of records to his name, he retired from football in June 2013 as one of the best players to emerge from South Africa. Here are 8 things you didn’t know about Benni McCarthy.
Lillian Mutiso, 6:35 am AFKI Original
Most African countries have reached the Millennium Development Goals of reducing the percentage of populations who are in danger of starvation by improving their agricultural produce through irrigation schemes. The continent has 60 percent of the world’s uncultivated land that is arable. Unpredictable weather conditions however pose a big challenge to the agricultural production. This has led to many countries adopting irrigation farming as a way of increasing food production
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