Rwanda: Latest News
Staff, 8:39 am
Many private equity firms exert more control on the companies they invest in than African entrepreneurs are comfortable with. Businesses built by African entrepreneurs are usually local. Local political patronage and connections often sustain them. The Dangotes, Elumelus and Thakkars are the exception. The majority of African entrepreneurs will continue to rely on debt capital – even at rates close to 30%. That may be another opportunity for foreign firms looking to Africa.
Julia Austin, 4:05 pm AFKI Original
Thakkar credits his success to being a refugee. He wants to get into farming and plans to invest in large-scale maize farming—something he says is a “no-brainer.” He also believes that for startups to succeed they must empower the country in which they are investing. Looking locally for everything from labor to investors rather than off-shoring is important to him. “Claiming that there is a skills deficit is nothing more than an excuse,” he said.
Keren Mikva, 5:11 pm AFKI Original
Burkina Faso’s De La Sébure mixes the warmth of African colors with modern European styles, reflecting the founder’s native Burkina Faso and adopted home in Europe. The clothes use elegant flair, vibrant colors, and refined materials to create something entirely its own. De La Sébure is one of 30 top designers from African countries being showcased at an African fashion reception, underway at the African Union headquarters in Addis Ababa.
Staff, 12:01 am
Political interference is a key challenge for sanitation in Africa. Public toilets are often owned by politicians, and this affects enforcement of sanitation law because the system is ripe for corruption. Citizen monitoring is effective in fighting corruption. Technology and citizen monitoring are necessary for good sanitation, stakeholders say. Private sector service is fundamental for achieving sanitation goals in sub-Saharan Africa. Entrepreneurship and business opportunities should be encouraged.
Staff, 9:08 am
The investments are being called historic and may represent the largest package of financial commitment to the African agricultural sector to date. The goal? A new era of business opportunities for the 70 percent of Africans who depend on farming for food and income, but often face poverty and poor nutrition. Presidents Kagame and Kenyatta opened the African Green Revolution Forum 2016, laying out a vision of how agricultural transformation should play out in Africa.
Staff, 8:15 am
Despite their rich natural resources, most African countries can’t compete for tourism in the global market. Nigeria is the leading African country generating outbound tourists to other African countries — mostly to other West African states. Kenya is among the top African countries looking to develop tourism by encouraging its residents to visit attractive local sites. This attracts more hotel investments. Kigali has been rated most attractive city in Eastern Africa for global hospitality. Conferences there are increasingly drawing African tourists.
Lillian Mutiso, 3:58 am AFKI Original
Obesity is a health condition where a person has high levels of cholesterol, sugar or salt and insufficient nutrients. Poor dieting regimes, genetics or lack of physical exercises are major causes of the condition. In Africa, obesity has been on the rise in recent years due to a rapidly growing urban population across the continent. The continent accounts for nearly 25 percent of the global population of 41 million children under five years who are obese.
Joe Kennedy, 9:43 am
Rwanda is one of the smallest countries in Africa, but it packs a punch in terms of things to do. While most people know about its troubled past, the country has turned around, and is now one of the safest places to visit on the continent. Here are 10 reasons you should add Rwanda to your bucket list.
Dana Sanchez, 12:53 pm
When Tanzania gets electric power from Ethiopia, it has to pass through Kenya. The dam has strained relations between Ethiopia and some of its neighbors. Countries that are integrated economically have to watch out for their political relationship, Ethiopia says. Ethiopia’s potential production capacity from hydro, geothermal, wind and solar is over 60,000MW — about 40% of Africa’s current installed capacity. South Africa’s Eskom exported 13,465GW of power during 2015-2016. Most of it wasn’t renewable. A gigawatt is 1,000MW.
Dana Sanchez, 3:13 pm AFKI Original
Informal cross-border trade is so important for Africa that about 43 percent of Africans are involved in this form of commercial activity in the 19 countries that make up the Common Market for Eastern and Southern Africa. It contributes to economic growth, job creation and food security for the majority of the region’s population. The majority of informal cross border traders are women, and they’re extremely vulnerable.
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