Namibia: Latest News
Kurt Davis Jr., 3:52 pm AFKI Original
Her quick rise to the top cracks the glass ceiling of Africa’s male-dominated business world. Critics say she’s privileged, but what about the Bushes, Clintons and Kennedys? She’s accused of pilfering state funds but the movement of money between family members does not establish corruption in the system. Funds may be owed. If allegations of money laundering are confirmed, particularly within Sonangol, analysts will change their views on Isabel.
Dana Sanchez, 2:07 pm AFKI Original
EcoSolutions manages some of the world’s largest bat and insect mitigation programs. Insects have decimated Nigeria’s tomato crop and Nigerian free-tailed bats could help control them, a director told AFKInsider. The company builds bat and owl houses and manages them for chemical-free pest control. “It would be better to include bats in the agricultural success of tomatoes in Africa than bailing out (countries) or providing aid when the tomato crop fails.”
Dana Sanchez, 1:40 pm
Eight other countries in Africa besides SA will have radio telescopes contributing to the Square Kilometre Array network. The SKA will outperform the most advanced modern instruments in exploring exploding stars, black holes, dark energy and traces of the universe’s origins 14 billion years back. It’s the first time African countries are hosting global science infrastructure of this scope. South Africa will become home to the most powerful instrument ever used in radio astronomy when SKA is fully operational.
Lillian Mutiso, 3:09 am AFKI Original
Most African countries do not recognize dual citizenship. This is mainly due to post-colonial concerns, when newly independent African countries wanted to ensure loyalty as part of nation building. They also wanted to control the demographic composition of their countries. In particular, these laws targeted those within the country who were not of “African” origin. Below are 12 African countries that allow dual citizenship.
Dana Sanchez, 1:24 pm AFKI Original
A tourism entrepreneur who runs a Cairo-to-Cape Town cycling expedition predicts e-bikes are the future of African transport. “E-bikes will be just like the cell phone revolution,” says Henry Gold, founder of Tour d’Afrique. Gold sees a future where Africans will be able to go home and charge their e-bikes. Africa still has relatively few cars, but emissions are mostly unregulated and much higher than the rest of the world. With e-bikes, Africa has a massive opportunity to go down another road, says the U.N.’s head of transport.
Staff, 12:01 am
Mugabe has resisted a switch to the rand as this would cede Zimbabwe’s financial authority to South Africa but he may be running out of options. Zimbabwe’s reserve bank governor and finance minister said that joining the Common Monetary Area — a monetary union linking SA, Namibia, Lesotho and Swaziland — is the only solution to Zimbabwe’s economic problems. Though their currencies have different names, they are all pegged to the rand and fall under the SA Reserve Bank’s monetary policy direction.
Dana Sanchez, 11:56 am
MTN making a bid to buy Barclays Africa assets might sound far-fetched and ridiculous – but an MTN bank with operations in 14 African countries would shake up both the cellular and financial services industries. MTN has a track record in integrating big assets. Two new hires at MTN include top-ranking executives with heavy banking experience. Building its own fintech solutions would be expensive for MTN. The trend is for fintech startups to partner with banks rather than telecoms.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Dana Sanchez, 3:57 pm
Sub-Saharan Africa is largely dependent on rainfall, which has been erratic lately, and new partnerships are being forged from necessity. In May, South Africa announced a partnership with Iran to develop desalination plants along all coastal communities to boost water supplies. Algeria is using desalination on a large scale. South Africa is the main user of desalination technology in sub-Sahara. Ghana and Namibia also have operational plants.
Dana Sanchez, 3:07 pm AFKI Original
When multinational companies expand in Africa, they often send employees there on assignment. How much they pay these employees depends a lot on fluctuations in currency, inflation and accommodation prices. New York City-based human resources consulting firm Mercer has carved out a niche for itself for the last 22 years by compiling data that help big companies decide what to offer by way of expat packages. These are the 10 cheapest places to live out of 209 cities around the world if you’re an expat.
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