Zambia: Latest News
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.
Joe Kennedy, 7:00 am
When the summer rains in Zambia and Zimbabwe are done, the swollen Zambezi River pours with all its might over the edge of Victoria Falls. Until the end of May the falls are at their peak, with over 3000 cubic meters of water falling per second. If you can’t be there yourself, or are wondering why you should go, here are 15 Instagrams of Victoria Falls that show off its majestic beauty.
Dana Sanchez, 1:34 pm
Marriott International, already the largest hotel chain in Africa, is continuing to expand on the continent and plans to build its first hotels in seven African countries between now and 2025. In 2014, Marriott acquired South Africa’s Protea hotels. In January, it said it would merge with competitor Starwood in a $12.2 billion deal that will make the U.S.-based corporation the largest hotel chain in the world. The buyout is expected to be complete in mid-2016.
Dana Sanchez, 10:54 am
Investment in HIV/AIDS treatment is paying off. From 2000 to 2015, all sub-Saharan African countries saw life expectancy rise. Seven African countries are notable for their health care systems. This provides an upbeat alternative to the gloom of the Africa falling narrative that questions the growth of Africa’s much-hyped rising middle class and charges African leaders with poor governance.
Lillian Mutiso, 6:41 am AFKI Original
Cecil Rhodes was a British imperialist and one of the most prominent in Southern Africa. He founded Northern and Southern Rhodesia, which are the modern-day Zimbabwe and Zambia. He was also Prime Minister of Cape Colony from 1890 to 1896. He died of heart failure on March 26, 1902 in Muizenberg, South Africa. He is regarded by the protesters as a founder of the apartheid regime by introducing Lawson voting and land ownership that shaped one of South Africa’s worst regimes.
Lillian Mutiso, 6:55 am AFKI Original
Zambia, a landlocked nation located in Southern Africa, has a population of 13.8 million people that is projected to triple by 2050. Copper mining is the major economic activity in the nation. The government is trying to diversify its economy to agriculture and tourism, after copper mining industry faced its worst run in 2015 due to dropping metal prices on the international market. Here are key things you need to know about copper mining in Zambia.
Staff, 5:15 am
The first quarter of 2016 has proven to be difficult with few bright spots across sub-Saharan Africa economies. According to Africa’s Pulse, the World Bank’s twice-yearly analysis of economic trends and the latest data for the region, economic activity in Sub-Saharan Africa slowed in 2015 to its lowest rates since 2009 with GDP growth averaging only 3.0%, down from 4.5% in 2014. The plunge in oil prices and other commodities is the primary reason for the economic downturn.
Kevin Mwanza, 10:17 am
An outbreak of yellow fever that started in Angola in December has spread to at least 16 other countries threatening to hurt travel business in Africa the way the Ebola virus in West Africa did a few years ago. This is the worst yellow fever outbreak recorded in over 30 years and has already killed 238 people and affected thousands others in several countries in sub-Saharan Africa, including Angola, Uganda, Rwanda and the Democratic Republic of Congo
Kurt Davis Jr., 10:50 am AFKI Original
East Africa has depended on economic diversity and local entrepreneurship to keep the economic pace in the past decade. The East African Community accordingly will expand faster than its peers. Lower import bills, less currency volatility and comparatively more foreign investment will bode well for the region’s growth and performance. It is hard to ignore how the integral parts of the system – the banks – do not benefit from that prognosis.
- Real Estate