Uganda: Latest News
Peter Pedroncelli, 3:05 am AFKI Original
Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.
Peter Pedroncelli, 11:22 am AFKI Original
The idea of funding a venture by raising money through many small contributions on the internet strikes a chord among Africans. It’s ubuntu at its finest. When Media 24 closed Ideas magazine in South Africa in 2016, former editor Terena le Roux took it upon herself to resurrect the publication. Thanks to support on social media, she launched a crowdfunding campaign via Thundafund. The money continues to come in, and she was able to relaunch the magazine.
Peter Pedroncelli, 5:40 am AFKI Original
Africa is the new tech frontier, with a great deal of potential and passion for technology that should translate into the right environment to nurture and grow successful African tech startups, but obstacles and struggles remain. These issues scupper the necessary investment and growth that these startups require so that they can become sustainable and successful on a continental and global scale. We take a look at 12 things that need to be addressed in order to help struggling African tech startups.
The Conversation, 9:16 am
Disruptive competition through technology can benefit consumers, but it also raises socioeconomic issues. Africa is no exception. There are concerns that Uber, with its first-mover advantage in the ride-sharing market, is growing into a monopoly despite the benefits to consumers. Traditional metered taxis are seeing red. In South Africa, new entrants into the ride-sharing app market have made little progress. The picture is very different in Kenya. Safaricom appears to have overcome the seemingly insurmountable first-mover position enjoyed by Uber.
Not Just Theory Anymore: Gates Foundation Funds Malarial Mosquitoes, Being Bred In Labs To Destroy Their Entire SpeciesBy Staff, 5:18 pm
In Africa, scientists are preparing to use genetics to end malaria. The Gates Foundation is exploring technology that involves altering mosquitoes so that new generations are almost all male. Male mosquitoes don’t bite people, and a population without females can’t reproduce. It’s never been done before. No one knows if a gene drive, once released into the wild, could jump to other species. Malaria is one of the greatest public health threats on the planet. If we have the power to end it, should we?
Staff, 1:01 am
Accessing utilities in the Western world is relatively straightforward. You have an address, a bank, and a measurable credit rating. Service providers know you have credit in place to pay for the service in advance. However, if you are one of the millions of people across Africa who are unbanked, the process is not nearly as easy. Africans have been forced to find alternative solutions to solve the problem and drive innovation as they do so. By ensuring people have access to credit and services, organisations can open further access to infrastructure.
Peter Pedroncelli, 2:22 am AFKI Original
Africans who tweet don’t like to talk about brands nearly as much as their American counterparts. Instead, Africans are increasingly talking politics as Twitter comes of age in Africa, according to a London-based communications firm. Previous research showed that Twitter in Africa was more of a space for social interaction. Now serious debate about politics and government prevails. Twitter continues to be one of the most popular social networks available in Africa, enabled through a heavy mobile usage and apps that cater to smartphone users.
Dana Sanchez, 11:52 am AFKI Original
Africa has been reluctant to adopt GM food technology for crop production, but that’s changing. Many African countries are willing to overcome domestic and international opposition to GM technology to boost their agriculture sector. Just four African countries allow GMO crops for cotton. In Africa, only South Africa grows GM food. Opponents urge African countries not to commercialize GM crops, saying it will put their agricultural sector in the hands of large multinational agri-businesses and hurt biodiversity. Proponents say GM crops are as safe.
Dana Sanchez, 11:11 am
Facebook wants to connect everyone in the world with its social network, but that’s hard to do if the world doesn’t have internet access. Facebook, Google, and Microsoft are building their own networking infrastructure on land and across the seas rather than just leasing bandwidth connections operated by telecoms. In doing so they’re assuming a role traditionally played by telecom companies. Facebook has announced plans to lay nearly 500 miles of fiber cable in Uganda by the end of the year, infrastructure it believes will provide internet access for more than 3 million people.
Peter Pedroncelli, 3:20 am AFKI Original
Africa loves soccer, and the popularity of the sport has inevitably attracted soccer sponsors that provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These global and local brands are important to the development of the sport, ensuring that the most popular brands on the continent are associated with the regional and continental competitions that command the most attention and support from fans. We take a look at 12 soccer sponsors that are involved in sponsorship of the beautiful game on the African continent.
- Real Estate