Zambia: Latest News
Julia Austin, 6:20 pm AFKI Original
Aliko Dangote, the richest black person on Earth, typically gets three hours of sleep a night. He has admitted in interviews that he sleeps between 2 a.m. and 5 a.m. “I don’t rest until I achieve something,” the workaholic Nigerian said. He’s been credited with writing a revolutionary new African development narrative. Here’s a look inside the high-profile, hectic and sleep-deprived life of billionaire Aliko Dangote.
Dana Sanchez, 5:00 pm
Under Valdimir Putin, Russia caught the West off guard with military aggression. Economic sanctions didn’t stop its persistence in exporting nuclear technology all over the world. Rosatom has become a leading nuclear powerhouse. It operates in 40 countries with orders for the next 10 years exceeding $101B. There are 72 Russian designed reactors worldwide and 29 more due to be built by 2030. One in six reactors in the world operate with Russian nuclear fuel. Rosatum has 36 percent of the world’s uranium enrichment market.
Dana Sanchez, 2:46 pm
You won’t find U.S. chicken in South African locations of the mega chicken restaurant chain Nando’s, the company said Wednesday — proof that controversy hasn’t subsided over U.S. chicken exports and the African Growth and Opportunity Act. Nando’s does most of its business outside South Africa and is the largest collector of South African contemporary art, displaying it in its restaurants. “Nando’s is proudly South African,” said CEO Geoff Whyte.
Julia Austin, 4:08 am AFKI Original
Couples hoping for an intimate wedding can book the Mara Gypsy Camp in Masai Mara National Park, which accommodates just 20 guests. The staff are experts at planning weddings with plenty of romantic surprises up their sleeves. A stream that runs through the property attracts a lot of wildlife with some stunning photo opportunities—and unexpected furry guests. The camp includes spa treatments, butler service and sundown cocktail hour — an amazing place to spend your honeymoon too.
African governments have tried to limit and stop its use, but marijuana remains deeply ingrained in African traditions, economies and recreation. It is an important source of income, but is illegal everywhere in Africa. Tolerance and enforcement vary from country to country. There’s a growing belief that with the proper regulations, marijuana should be legalized for the greater good. AFKInsider compiled a list of African countries and ranked them for marijuana tolerance. We’ve also provided a list of most marijuana-friendly countries in the world as a basis for comparison.
Kevin Mwanza, 8:40 am
China has pledged to finance the Tanzania-Zambia Railways (Tazara) and extend it to four other countries. Official from the three governments are meeting in Dar es Salaam to put together details of the plan whose proposal include reducing the bloated Tazara workforce. The plan will include renovating the 1,860 kilometres track and linking Tazara to Tanzania’s new Bagamoyo port and to Malawi, the Democratic Republic of Congo, Rwanda and Burundi.
Peter Pedroncelli, 4:08 am
Recently elected FIFA president Gianni Infantino has confirmed that he will be visiting Nigeria next month, according to the Nigerian Football Federation (NFF). Amaju Pinnick of the NFF revealed the impending visit from FIFA president Infantino. Swiss former UEFA Secretary General Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.
Global Risk Insights, 3:47 am
A shrinking economy, violent escalations, and a possible IMF bailout have put Zambia’s President Lungu in a difficult position ahead of the August 2016 general election. Having to make a number of difficult decisions in the coming months, he risks triggering more public frustrations and violent outbursts. April started brightly for Zambia with news that Zambia’s currency, the kwacha,
Kurt Davis Jr., 6:00 am AFKI Original
Statistics suggest fertile ground for a regional boom in African insurance industries. Insurance companies have historically focused on South Africa, one of Africa’s most mature financial markets. Life insurance premiums there accounted for 90% of the African total in 2013. Fast growth, however, is changing the balance. Ghana and Kenya have already expanded the market, reducing South Africa’s market share. New consumers are forcing change in African insurance. Distribution through brokers and brick-and-mortar banks are inefficient ways to reach lower-income populations.
Julia Austin, 10:54 am AFKI Original
Zambeef is a leader in African agri-business and has helped make Zambia synonymous with good meat in Africa. The company is so diversified, it’s practically an anomoly. Investment analysts usually recommend that businesses focus on one main product or service. Zambeef raises its own cattle, sells its beef retail and wholesale, grows its own crops and produces ready-to-use products like milk and chicken feed.
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