Zambia: Latest News
Kevin Mwanza, 6:00 am AFKI Original
The governments of Ethiopia and Djibouti opened a 752.7 kilometer electric railway, to serve the two horn of Africa neighbors. The railway will provide a faster transportation of goods and people between the two nations. It will also boost Ethiopia’s landlocked economy through the transport of cargo from the Port of Djibouti. The port handles about 90 percent of the imports into Ethiopia. Below are 10 things you need to know about the railway.
Peter Pedroncelli, 5:23 am AFKI Original
The third round of African World Cup qualifiers began this past weekend, with the 20 teams from the continent left with a chance of securing one of the five spots allocated to Africa in action throughout the continent. Drawn into five groups of four teams each, with the winner of the group after a round-robin format qualifies for Russia 2018.
Becca Blond, 12:43 am
I’ve rafted the Zambezi River twice — once at high water and once at low, and I didn’t fall out of the raft. But that’s not everyone’s experience. My sister’s raft flipped during her run, and she nearly drowned. To this day she won’t get back in a boat. Rafting the Zambezi is the adrenaline rush of a lifetime. Don’t let my sister’s near-death experience scare you. Yes, this river is intense. If it was in the U.S. it likely wouldn’t be commercially run. No insurance company would cover the risk. But this is Africa, where extreme experiences are a rite of passage.
Dana Sanchez, 8:33 pm
Kenya is the second country in Africa where Ford Mustangs will be available now that there’s a right-hand-drive factory version. Ford’s 2014 overhaul of the Mustang included opening sales in new countries. Mustang is the top-selling sports car this year in South Africa. Despite the price tag there — $51,463 to $67,467 — Mustang has a massive pre-order backlog. Its waiting list could extend into 2018.
Peter Pedroncelli, 5:11 am
Nigeria national team coach Gernot Rohr expects victory from his charges this weekend against Zambia in Ndola, as the Super Eagles begin their group stage run in the third round of African World Cup qualifying. Nigeria face the Chipolopolo of Zambia on Sunday in a Group B World Cup qualifier, as the final 20 African teams with a chance to qualify for Russia 2018 beginning the group stage this weekend.
Peter Pedroncelli, 7:23 am AFKI Original
The third round of African World Cup qualifying is upon us, with 20 teams from the continent left with a chance of securing one of the five spots allocated to the African continent. This weekend will see the opening matches of the third round group stage. Here are 10 African World Cup qualifying matches to look out for this coming weekend.
Kurt Davis Jr., 1:34 pm AFKI Original
African private equity deals fell to $2.5 billion in 2015, compared with $8.1 billion in 2014. Fundraising and transactions are expected to be down further in 2016. It is time to buy for 2017. Market expectations are low in some places, so asset prices are low. Logistics and financial services – going against the past market movement – are huge opportunities if you can buy in at low asset prices and ride the unavoidable African rebound in the next year and beyond.
Staff, 4:45 am
Many innovations in Africa fail to materialize due to of lack of knowledge about registering intellectual property. Resident applications for patents are low in African countries. In 2014, there were 132 patent applications in Kenya, 14 in Zambia and five in Rwanda compared to over 280,000 in the U.S. and 19,000 in the U.K. The registration of copyright in many African countries has not taken off and this data is not taken into account in economic surveys. Microsoft’a online IP registration system replaces traditional paper-based forms.
Dana Sanchez, 10:33 am
Malawi is rich in natural resources and tourism potential, but consistently scores near the bottom of economic indexes. Its citizens typically earn about $1 a day and total installed electricity is less than 300 megawatts. A 12-year finance program signed on the sidelines of the U.S.-Africa Business Forum targets low-income and IDA-eligible countries in Africa to finance renewable energy projects, said Wells Fargo VP Chuck Silverman. The International Development Association (IDA) offers loans and grants to the world’s poorest developing countries.
Dana Sanchez, 5:28 pm
Bids from other consortiums including one led by South Africa’s Public Investment Corporation and Dubai-based Abraaj Group haven’t materialized. The Barclays Africa stake that is for sale is valued at about $4.3 billion. South Africa’s PIC manages pensions for government employees and is Africa’s largest money manager with about $13.5 billion in assets. In May it said it’s forming a group of black investors to ensure Barclays Africa remains in local hands.
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