South Sudan: Latest News
Staff, 12:01 am
Ethiopia may emerge as an African powerhouse like South Africa and Nigeria and ahead of Kenya, its regional rival. But the Ethiopian government doesn’t let in retailers such as Shoprite or Nakumatt. “The service sector here is one of the most restrictive in the world,” says a frustrated foreign banker. The official reason for keeping Ethio Telecom a monopoly is that the government can pour its annual $820m profit into roads. If the government opened the airwaves to competition as Kenya has, it could probably sell franchises for $10 billion. Safaricom is Kenya’s biggest taxpayer.
Dana Sanchez, 6:08 pm AFKI Original
There are words, and then there is action. Several African business leaders said things in 2015 that were inspiring, or true, or moving. Fewer were able to put those words into action. Below are some African businesswomen who walked the walk and talked the talk. That makes them AFKInsider’s candidates for the most memorable quotes by African businesswomen in 2015.
Ann Brown, 11:26 am AFKI Original
Cell phone use is growing exponentially in Africa, but with electricity scarce, charging those phones is a challenge. Africa-born, U.S.-educated entrepreneur Henri Nyakarundi saw a business opportunity. He developed a franchise system that lets other entrepreneurs run his solar-powered mobile kiosks as their own businesses in Rwanda. Now he’s developing software for content providers.
Julia Austin, 7:00 am AFKI Original
Facebook has gone the distance to promote itself in Africa. How far? To infinity and beyond. Well, maybe that’s overstating it, but it works through satellites in space beaming the Internet down on sub-Sahara. To combat the issue of expensive data on mobile phones in Africa, Facebook is offering Internet.org, a system that gives mobile Facebook users free airtime, specifically while on the social media site. Here’s how badly Facebook wants to be in Africa.
Kurt Davis Jr., 8:00 am AFKI Original
Fewer traffic jams for Kenya. Rebounding copper prices for Zambia. A less tarnished international image for Sudan that reaches beyond civil conflict — because there are investment opportunities in the country. 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 2015 makes way for 2016.
Julia Austin, 2:03 am AFKI Original
You may have read about a lot of tech companies building things like mobile pharmacy apps and virtual classrooms, but do you ever wonder where they get the capital? There is a good chance they went to one of these investors, who are putting a lot of money into the technology landscape in Africa.
Julia Austin, 4:31 am AFKI Original
Agro-Hub is a crowd-sourced information app based out of Cameroon. Through the app, farmers can learn everything from food storage tips to how to optimize their sales on social media. According to the company’s website Agro-hub.com, their main objective is to, “Combat poverty among rural farmers in Cameroon by improving farmers’ household incomes through agricultural market development.”
Julia Austin, 9:22 am AFKI Original
Economic analysts say that if African countries spend $1 billion a year on malaria prevention and treatment, they could see a GDP rise of anywhere from $3 billion to $12 billion per year. Malaria has devastating social and economic effects, and whoever finds a way to rid the world of the disease will be a hero. Here are 12 things you didn’t know about the fight against malaria in Africa.
Kevin Mwanza, 8:11 am
Getachew Betru left Ethiopia during the harsh years of dictatorship only to return decades later with an engineering degree and a vision to connect the horn of Africa with a fast modern railway line. As the chief executive of the Ethiopian Railway Corporation (ERC), Betru, launched the first phase of the railway line that now connects land-locked Ethiopia to Djibouti’s port, in late October
Julia Austin, 10:04 am AFKI Original
Transportation of product is one of the top logistical issues facing the pharmaceutical industry in Africa. Many pharmaceutical companies will open branches in African cities, and eventually rural areas, say analysts at logistics company DHL. Global pharmaceutical companies are looking to Africa for growth opportunities. Here are some trends to look out for in the African pharmaceutical industry.
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