Tanzania: Latest News
Tom Jackson, 4:41 am AFKI Original
Last year, the annual AfricaCom conference in Cape Town finally got serious about startups, launching the co-located AHUB event to bring together entrepreneurs, investors and other stakeholders from across the continent. The event took place for the second year last week, bigger and better, and allowing the ecosystem to join together to map the sector’s progress and discuss obstacles.
Staff, 7:10 am
scrutiny continues to mount on the various factors that led to his taking the vote. One of the more poignant factors was the role women played, spurning Hillary Clinton. This, despite allegations of Trump’s sexual misconduct and that, by electing him, women’s and minority’s rights were under threat. Let me start with the minority voters. A much shared YouTube video shows Nigerian writer, Chimamanda Ngozi Adichie, dismantling apologist arguments
Dana Sanchez, 1:26 pm AFKI Original
Ugandan engineer Brian Turyabagye designed a biomedical smart jacket to quickly and accurately diagnose pneumonia, which kills 27,000 Ugandan children under the age of 5 every year. Most of these cases are due to pneumonia being misdiagnosed as malaria. He’s one of 16 African engineers who’ve come up with problem-solving innovations that got the attention of private and public stakeholders in the U.K. The 16 engineers are in the U.K. for 6 months of mentoring. They’re vying for a $30,000 prize.
Kevin Mwanza, 6:05 am
Mountain gorillas, one of the world’s most endangered species, received a boost in Uganda after the nation’s wildlife conservation agency discovered three new-born in as many months, adding to the growing population after years of decline in its population. Uganda Wildlife Authority (UWA) made the discovery on Friday morning in the Bwindi Impenetrable Forest National Park
Dana Sanchez, 3:36 pm
A hedge fund with Carlyle Group LP, the world’s second-largest private equity firm, has lost $400 million it invested in 2015 in a Moroccan oil refinery deal, according to a securities filing. Saudi billionaire Mohammed al-Amoudi owns 67.26% of Morocco’s Samir refinery. The deal highlights the risks U.S. investors face in emerging markets that have unfamiliar investor-protection laws. Still, despite the risks, investors continue to find the lure of higher growth in emerging markets attractive.
Kevin Mwanza, 6:35 am
Kenya Commercial Bank (KCB), the country’s largest by assets, is set to enter the Southern Africa market after it signed a deal with Motswedi Securities, a brokerage firm, to raise funds and trade at the Nairobi and Botswana Stock Exchanges. The move is part of the lender’s efforts to spread operations outside the Eastern Africa region and reduce reliance on the Kenyan market that accounts for 90 percent of its revenue.
Tom Jackson, 9:55 am AFKI Original
Around 650 million people in Africa live without access to electricity. The electrification rate is as low as 14.2 per cent in rural areas. In East Africa, only 23 per cent of Kenyans and 10.8 per cent of Rwandans have access to an electricity supply. The majority of these people as a result use costly and unhealthy forms of energy. But in the power of the sun, Africa also has the answer to this problem.
Dana Sanchez, 3:32 pm
Language is a barrier to investment in Africa, but economists say African innovators should think beyond English when developing innovations aimed at solving local problems. There are more than 3,000 languages spoken in Africa by some counts. Language barriers — especially an inability to communicate in English — have hampered trade in Mozambique, where Portuguese is spoken by more than half the population, and Rwanda, where Kinyarwanda is spoken by most Rwandans, but English is an official language.
Kevin Mwanza, 5:22 am
Geremi Njitap, one of Cameroon’s most successful footballers, was last week elected the head of National Union of Cameroon Footballers (SYNAFOC), while in Ethiopia, Haile Gebrselassie, one of the world’s athletics legends in long distance and marathon racing, was on sunday elected the president of the Ethiopian Athletics Federation (EAF) in Addis Ababa
Tom Jackson, 9:29 am AFKI Original
E-commerce in Africa is a very long-term play indeed. Aside from issues with logistics, there are also problems with online payments, which still suffer from a lack of trust, and the sheer fact Africans still prefer to shop online. Moreover, fewer than 30 per cent of Africans have internet access. The Nigerian e-commerce powerhouses, however, have their eyes on a far greater prize, and are prepared to stomach losses for a number of years.
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