Rwanda: Latest News
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.
Staff, 10:16 pm
Africa is less risky now in terms of politics, trade and governance, and offering rates of return far more appealing than developed economies. African firms are riding high on this momentum, aggressively expanding across the continent. Even as more American, European, and Asian businesses acquire leading African businesses, intra-African investment into new projects has grown four times faster than investment flows from developed economies, Ernst and Young reports.
Keren Mikva, 2:56 pm
Nine out of the 10 biggest produce exporters to the U.K. are E.U. member countries. Potential changes to E.U. tariffs and the falling value of sterling have forced some retailers to consider sourcing from different countries. U.K. produce importers say they expect to see more produce from Africa. South Africa is already the No. 2 source of fresh fruit to the U.K. after Spain, and Kenya may become a beneficiary of the changing trade patterns.
Dana Sanchez, 1:03 pm
Copper-rich Democratic Republic of Congo is vying with Zambia to be Africa’s top producer. A new hydropower facility that the DRC government is planning to build could help shape Africa this century. It is one of DRC’s strategies for providing the energy it needs to free its economy. These aren’t the largest or most developed countries in Africa. Some are plagued with corruption and inequality. All have fast-growing economies.
Dana Sanchez, 11:31 am
Traders in East Africa have to convert local currencies to the U.S. dollar before making transactions, then convert the currency back to their national currency. In the process, they pay exchange-related costs at least twice at a time when African economies are struggling with U.S. dollar shortages. About 43 percent of Africans are involved in some form of informal cross-border trade, with women representing the lion’s share – around 75 percent.
Keren Mikva, 9:38 am AFKI Original
Beginning as a YouTube celebrity in her home country of Uganda, Anne Kansiime has transformed into an international star. Despite much of her material focusing on her life as a Ugandan woman, Kansiime’s comedy resonates around the world. “People, let’s be ourselves,” Kansiime urges fellow Africans. “Let’s own our ‘Africanness.’ If we all start being proud of who we are, the Kim Kardashians of the world will be out of business.”
Staff, 4:08 pm
Johannesburg hackers say the language of law is so complicated that many SA citizens do not realize how it should protect them. They’re working on a website that will help people quickly find parts of the constitution relevant to them. Many are familiar with the African hacker cliché revolving around a badly written email from someone claiming to be a friend. The reality is more nuanced. Gaps in basic infrastructure have created the perfect hacking environment, says tech expert Ethan Zuckerman.
Kevin Mwanza, 8:54 am
Rwanda, one of Africa’s fastest growing economies, has called on the United States government to grant easier access to traders from across Africa doing business with America market under the renewed African Growth Opportunity Act (AGOA). The East African nation is one of the beneficiaries of AGOA, the signature trade initiative by the US government to allow at least 7000 products from 39 nations in Sub Saharan Africa to America market duty-free.
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