Zambia: Latest News

  • Is MTN Recruiting Bankers Because It Wants To Buy Barclays Africa?

    By Dana Sanchez, 11:56 am

    MTN making a bid to buy Barclays Africa assets might sound far-fetched and ridiculous – but an MTN bank with operations in 14 African countries would shake up both the cellular and financial services industries. MTN has a track record in integrating big assets. Two new hires at MTN include top-ranking executives with heavy banking experience. Building its own fintech solutions would be expensive for MTN. The trend is for fintech startups to partner with banks rather than telecoms.

  • Nigerian Tomato Emergency Forces Dangote Factory Shutdown, Spreads To Other African Countries

    Nigerian Tomato Emergency By Dana Sanchez, 6:00 pm

    A threat to the Nigerian tomato crop is affecting Africa’s richest man in a country trying desperately to diversify its economy and add value locally to products produced within its borders. The tomato-leaf miner has spread to at least 15 African countries. It has the potential to eliminate tomato from the agricultural cycle, a pest researcher said. “Until it hits, nobody’s ready and there’s total devastation. Eventually the farmer will find a way to deal with it but at a cost to the consumer’s health,” said the head of a U.K. pest control firm.

  • Barclays Africa Says ‘Africa Is Our Destiny,’ Wants To Lend Small Businesses $88M

    Barclays Africa By Dana Sanchez, 12:21 pm

    Barclays Africa said it plans to raise $88 million US to fund loans for small and medium enterprises as part of its growth strategy at a time when U.K.-based parent Barclays plc is selling down its stake in the group. The idea is to raise funds and make loans at attractive rates. Sub-Saharan Africa, home to some of the world’s poorest people, has some of the highest interest rates in the world, offering high rates of return for investors. Barclays corporate lending is up in Africa. The bank’s strategy for shared growth is not philanthropy. It’s business, its CEO said.

  • Nigeria National Team Coach Shortlist To Be Unveiled Friday

    Nigeria national team coach By Peter Pedroncelli, 11:13 am

    The shortlist of tacticians to be considered for the post of Nigeria national team coach will be announced on Friday, according to the Nigeria Football Federation. The position, which was vacated by Sunday Oliseh earlier in the year, has been temporarily filled by the Olympic Dream Team VI coach Samson Siasia, but the time has come for a permanent head coach to be selected.

  • 12 Most Promising African Entrepreneurs of 2016

    most promising African Entrepreneurs By Keren Mikva, 6:44 pm AFKI Original

    Inspired by an MIT event in Lagos, Ogunlana Olumide and Chukwuwezam Obanor created PrepClass, software designed to help Nigerian students prepare for tests online. In addition to providing online test prep, the company employs over 100 tutors who travel to students’ homes to teach one-on-one. The personalized approach has been successful, and company revenue is up 1400 percent.

  • 8 Olympic Sports That African Countries Will Excel At

    Olympic sports - Seabelo Senatla - South Africa Rugby Sevens By Peter Pedroncelli, 5:00 am AFKI Original

    The 2016 Rio Olympics provide an opportunity for African countries to earn medals for Olympic sports in competition with the best athletes and sportsmen and women from around the world. With this in mind, we take a closer look at 8 Olympic sports that teams from the African continent will likely excel at.

  • 12 Things You Didn’t Know About the Economy of the Zambezi River

    By Keren Mikva, 4:50 pm

    It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.

  • World Cup Qualifying Draw – African Groups Revealed

    2017 Africa Cup of Nations By Peter Pedroncelli, 6:27 pm AFKI Original

    The 2018 World Cup qualifying draw for the 20 African teams who still have a chance to qualify for the tournament took place in Cairo on Friday. This will be the third round of qualifying for teams in Africa, with 54 countries on the continent originally attempting to book a place in Russia come 2018.

  • Of The World’s 10 Cheapest Cities For Expats, 7 Are In Africa

    cheapest cities for expats By Dana Sanchez, 3:07 pm AFKI Original

    When multinational companies expand in Africa, they often send employees there on assignment. How much they pay these employees depends a lot on fluctuations in currency, inflation and accommodation prices. New York City-based human resources consulting firm Mercer has carved out a niche for itself for the last 22 years by compiling data that help big companies decide what to offer by way of expat packages. These are the 10 cheapest places to live out of 209 cities around the world if you’re an expat.

  • World Cup Qualifying Draw For Africa On Friday

    Most loved sports - World Cup Qualifying Draw By Peter Pedroncelli, 3:55 am AFKI Original

    Friday will see the World Cup qualifying draw for the 20 African teams who still have a chance to qualify for the tournament that is set to be held in Russia during 2018. This will be the third round of qualifying from Africa, with 54 teams on the continent originally attempting to book a place amongst the sport’s elite. Only 20 African countries remain.

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