Nigeria: Latest News

  • Why Connectivity Is Key To African Growth

    By Tom Jackson, 6:56 am AFKI Original

    A recent McKinsey report on “digital globalisation” found flows of data and information now generate more economic value than the global trade in goods. Essentially, this means that an industry that did not exist 15 years ago is now bringing in more value to a country’s Gross Domestic Product (GDP) than the centuries-old trade in goods. That is quite something.

  • 12 Things You Didn’t Know About The 5 African Player Of The Year Hopefuls

    Group A By Peter Pedroncelli, 3:35 am AFKI Original

    The African Player of the Year shortlist was recently reduced to a selection of the top five nominees for the 2016 award.
    These are 12 things you may not know about the five African Player of the Year nominees who remain in contention to win the prestigious continental award.

  • Can Solar Micro-Grids Transform The African Grid?

    solar power purchase agreements By Staff, 7:13 am

    Nearly 100 million people are now on the first steps of the energy ladder thanks to the rapid deployment of solar home systems in poor communities across the world. That’s incredible progress that marks the beginning, not the end, of clean energy access. With increasing attention being paid to the missing middle excitement about the opportunity to end energy poverty is palpable.

  • Burger King Opens First East African Outlet In Kenya

    By Kevin Mwanza, 5:46 am

    Burger King, the world’s second biggest fast food chain after McDonald’s, opened its Kenyan outlet on Monday, becoming the latest international food provider to enter the East African nation seeking to capitalize on its fast growing middle class population. “We are thrilled to introduce the Burger King brand in Kenya and look forward to giving our guests the opportunity to experience the great-tasting and high-quality products,”

  • Uganda Could Become First African Nation To Adopt Bitcoin Regulations

    By Kevin Mwanza, 5:27 am

    Uganda could become the first African nation to adopt legal regulations in the use of bitcoin in monetary transactions after hosting an event focused on the policy guidelines, legal and social-cultural issues on the use of crypto-currencies on the continent. The Ugandan government has left the digital currency, which is owned by BitPesa of Kenya, largely un-regulated since its entry into the region’s second biggest economy in November, last year.

  • Africans Embrace Black Friday, Online Retailers Want A Piece. Is This Cultural Colonialism?

    By Dana Sanchez, 3:26 pm

    South Africa has seen a massive adoption of North American retail trends, and Black Friday is no exception, a trend analyst says. “It is tested, it works and is already embedded in the minds of South Africans.” Other research analysts are more critical. “Black Friday…is an attempt to cash in on the hype surrounding the day in the U.S.,” said Arthur Goldstuck, managing director at tech research firm World Wide Worx. “It is a classic example of self-inflicted cultural colonialism, except that here the motive is unashamedly commercial. That, in turn, means it represents blatant exploitation of the consumer at its worst.”

  • AfDB Approves $10M Equity Investment In TIDE Africa Fund

    emerging market capital flight By Kevin Mwanza, 8:52 am

    African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries. The Technology and Innovation in Developing Economies (TIDE) Fund 1 will invest in companies that use new technology to provide affordable services in the energy, agribusiness, financial, education and healthcare sectors

  • African Govts. Holding $2B Revenue Owed To Foreign Airlines

    By Kevin Mwanza, 7:07 am

    The African Airlines Association (AFRAA) urged African governments to release about $ 2 billion in revenue owed to foreign carriers to avoid suspension or shut-down of operations on the continent. The pan-African body said that the Angolan, Nigerian, Egyptian and Sudanese governments have blocked repatriation of the earnings, which has also contributed to the turbulent market faced by several airlines.

  • 12 African Business Leaders Worth Following On Twitter

    African Business Leaders By Peter Pedroncelli, 2:33 am AFKI Original

    African business leaders make use of social media to communicate with and mentor their followers, dropping pearls of wisdom in under 140 characters. From South Africa to Nigeria, the high profile personalities and multi-millionaires from Africa offer their opinions on many issues while advancing their own agendas through social media. Here are 12 African business leaders worth following on Twitter.

  • Sub-Saharan Shrimp Farm Shines Spotlight On Growing African Aquaculture Subsector

    Sub-Saharan shrimp farm By Dana Sanchez, 2:53 pm

    Nigeria’s top shrimp producer, Atlantic Shrimpers has unveiled a 400-acre shrimp farm that it says will be the largest in sub-Saharan Africa, producing shrimp for Nigeria and the export market. A French-owned shrimp farm in Madagascar that is about 10 times bigger may already have claimed that title. Owned by a French company, the farm in Northwest Madagascar is one of two spread over 4,000 acres of natural clay soil, producing more than 5,000 tons of shrimp per year. The Madagascar farm is also the first in Africa to get international certification that promotes responsible fish farming.

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