Nigeria: Latest News

  • 15 African Sporting Highlights From 2016

    Athletes Nominated - Wayde van Niekerk - Rio 2016 Olympic Games By Peter Pedroncelli, 3:23 am AFKI Original

    The year 2016 has provided African sports fans with numerous moments to be proud of, with many African Sporting highlights that stand out after reflecting on the year that was. Sport can always be relied upon to lift the spirits of fans, and give everyone something to celebrate, even during difficult times. That is the beauty of sport. We gathered 15 highlights in African sport from the year 2016.

  • Geeks On A Plane: Building The Bridge Between Africa And Silicon Valley

    Demo Africa By Staff, 4:43 pm

    Demo Africa has sent 20 African startups to Silicon Valley over the last four years. Arriving there is no guarantee of success. Twelve of the startups are still alive and breathing, four are on life support and four “are just dead and done,” said angel investor Stephen Ozoigbo. Demo Africa was launched five years ago by the U.S. State Department. It’s the African edition of a bigger group of events that include Demo U.S., Russia, Europe, Brazil and Demo China. The Demo-brand launchpad has helped big-name startups such as Adobe got exposure.

  • Uganda Could Be 1st African Country To Regulate Digital Currencies. Bitcoin Africa: What To Expect In 2017

    Bitcoin Africa By Dana Sanchez, 4:52 pm

    Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone. Bitcoin transactions increased more than tenfold in Kenya in 2016, according to LocalBitcoins, the world’s largest online bitcoin trading marketplace. In 2017, Uganda could be the first African country to regulate digital currencies.

  • AfDB Says It Will Help Improve Land Ownership Rights For African Women

    By Dana Sanchez, 10:40 am

    Women must get a husband’s permission to obtain identity cards in at least two African countries. However there are many African countries where women have unequal access to property, land and tenure rights. This hinders women from contributing to their countries’ economic growth, the African Development Bank says. The finance institution was established in 1963 to contribute to African economic development and social progress. It provides financing to African governments and private companies. So how much money are we talking about? In 2015 alone, AfDB disbursed $8.8 billion US.

  • Volkswagen Wants To Pilot A New Business Model In Rwanda Combining Production, Ride Sharing

    Volkswagen By Dana Sanchez, 11:41 am

    Europe’s largest automaker is expanding in Africa, hoping to open an auto assembly plant in Rwanda and also pilot ride-hailing and car sharing services. VW’s move into “app-based integrated mobility” in Rwanda is significant for two reasons. It’s happening in an African city and it’s a new business model for future urban mobility. Rwanda does not have an established vehicle industry and Uber hasn’t entered the market yet. VW isn’t just competing with Uber. Other ride-hailing services are looking for new markets in Africa.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Nigeria, Angola And Debt: Borrowing Big To Support The Budget In 2017

    Nigeria, Angola and debt By Kurt Davis Jr., 10:11 am AFKI Original

    It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.

  • Super Eagles Coach Gernot Rohr Reveals Likely John Obi Mikel Destination

    John Obi Mikel - Super Eagles Coach Gernot Rohr By Peter Pedroncelli, 3:44 am

    Nigerian national team captain John Obi Mikel appears to be close to completing a move to struggling French Ligue 1 club Olympique Marseille, if Super Eagles coach Gernot Rohr is correct. Mikel has been frustrated at Chelsea this season, failing to appear on the pitch for the first team this term under new coach Antonio Conte.

  • Why Are Comcast, Tencent Investing In A Nigerian Payments Startup, And What’s The Trump Connection?

    Nigerian payments startup By Dana Sanchez, 8:34 am

    Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has secured $1.3M seed funding from investors including Tencent and Comcast Ventures. China’s Tencent is 46% owned by South African media company Naspers. Comcast is the largest broadcasting and cable TV company in the world. Donald Trump said he intends to keep business ties to Comcast, staying on as executive producer for the spin-off of Comcast affiliate NBC’s “Celebrity Apprentice” series.

  • 15 Things You Didn’t Know About The Sahel, World’s Great Biographic Transition

    things you didn't know about the Sahel By Derek Dias, 3:47 pm

    The Arabic word Sahel means shore or coast, and everyone knows coastlines recede. The name likens this band of scrub land stretching across Africa to a coastline separating the Sahara from the rest of the continent. The Sahara is encroaching on the Sahel, eating away at it mile by mile. From the Atlantic Ocean to the Red Sea, the Sahel passes through more than a dozen countries. Seldom visited, it acts as a barrier between arid North Africa and the moister sub-Sahara. It’s home to plants and animals that exist nowhere else.

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