South Sudan: Latest News
Dana Sanchez, 7:52 am
The U.K. has a growing problem with stolen cars showing up in African countries. Some cars stolen in the U.S. also are destined for Africa. South Africa has an extraordinarily high rate of car theft — 10% of the 11 million cars driven there are stolen. A high-tech tracking device recently led U.K. authorities to a cache of stolen luxury cars in Uganda. The cars are on their way back home.
Dana Sanchez, 12:20 am
DRC is the largest market for South African products in sub-Saharan Africa and ripe with business opportunities, says SA’s highest-ranking trade official. Considering it shares borders with nine countries, DRC is in a strategic neighborhood of some 200 million potential consumers. South Africa already has substantial influence there thanks to its military training and U.N. peacekeeping. Now the emphasis looks to be switching to trade and investment.
Staff, 2:33 pm
Lower oil prices will enable increased exploration and development because contractor and rig costs are lower, survey respondents said in the recently published PwC Africa Oil and Gas Review. “While the industry is in a fragile state, we at PwC envision that the players who survive the downturn in prices the best will emerge as agile machines with well-thought-out plans.”
Joe Kennedy, 8:30 pm
Sailors have navigated their away around the coast of Africa for centuries, but many of them weren’t so lucky and ended up at the bottom of the sea. These valiant attempts at seafaring may have not ended well for ancient mariners, but have left modern-day divers with hundreds of fascinating shipwrecks to explore. Here are just some of the best wreck dives in Africa.
Kevin Mwanza, 3:59 am
Foreign companies and businessmen operating in South Sudan are caught up in foreign exchange quagmire as the political crisis that sunk a East African nation into a civil war nearly two years show no signs of relenting. They are now stuck in the political deadlock that has caused them to incur huge foreign exchange losses over the last two years.
Dana Sanchez, 10:36 am
Bribery is not the African way and undermines the dignity of people doing business, U.S. President Barack Obama said Tuesday in Addis Ababa in a speech to the African Union. “Nothing will unlock Africa’s economic potential more than ending the cancer of corruption” as it drains billions of dollars from economies that are not able to afford it, Obama said. He also called for the end of early marriage and female genital mutilation, and condemned the imprisonment of journalists and activists.
Kevin Mwanza, 7:04 am
According to The Guardian, US President Barack Obama and other East African leaders are holding discussion this week that could see South Sudan face sanctions and other penalties if the country’s warring parties do not come to a lasting peace-deal soon. The World’s newest nation has experienced nothing but strife since its independence for its northern neighbor in 2011.
Kevin Mwanza, 5:02 am
Equity Bank, Kenya’s largest bank by customers, this week launched its own thin SIM in the market through its telecoms unit Equitel that run on the infrastructure of Bharti Airtel’s local arm. The bank, which has branches in Uganda, Tanzania, Rwanda and South Sudan, said it had already registered over one million subscribers during a trial run that started in October
Dana Sanchez, 8:13 pm AFKI Original
We may connect death with taxes but taxes indicate the health of a country’s economic development. In 1789 when the U.S. democracy was in its infancy, Benjamin Franklin famously wrote, “In this world nothing can be said to be certain, except death and taxes.” In African countries, the formal sector often accounts for less than half the economy. Here are 10 African countries with low tax-to-GDP ratios.
Julia Austin, 2:12 pm
Acacia is found in South Africa, Madagascar and many parts of Africa. It’s often used in aromatherapy essential oils as well as candies and soft drinks because of its glue-like properties. Organic products use acacia as a natural alternative to chemical binders. If the world understands the invaluable properties of these healing plants from ancient African cultures, maybe we’ll do a better job preserving them.
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