Zambia: Latest News
Dana Sanchez, 6:28 pm
U.S. hotel firm Marriott, which bought South African hotel chain Protea in 2014, wants to reposition Protea from being a strong regional player to a globally recognized brand with international appeal by leveraging the power of its name, the parent company said. The Protea brand name may be changing, but among South African youth, it has been voted the coolest hotel brand six years in a row
Julia Austin, 4:53 pm AFKI Original
Ethiopian President Meles Zenawi died in 2012 at age 57, with no official autopsy report or death certificate released. Zenawi’s sudden deteriorating health was linked to an encounter with a journalist at a conference who allegedly confronted and humiliated him about his policies. Some say the stress of this encounter may have agitated the president’s pre-existing health conditions and led to his demise. Other reports suggest Zenawi was poisoned.
Lillian Mutiso, 5:49 am AFKI Original
Africa has one of the highest levels of unemployment in the world. Since 2000, more than 27,000 Africans have died while trying to illegally enter Europe via the sea. The search for jobs and an escape from high levels of poverty across the continent is a major motivation. Though unemployment in some African nations reportedly remains higher than 25 percent, general numbers are improving, and many believe that emerging economies in Africa are set to expand rapidly in the coming years.
Dana Sanchez, 8:50 pm
Ghana is the world’s No. 2 cocoa producer. The country issued its first Eurobond in 2007, successfully raising $750 million at a coupon rate 8.5 percent. Now the government needs the cash to retire it — it matures in 2017. A second Eurobond followed with another $750 million in 2013, while 2014 and 2015 each saw another $1 billion added to the debt. “Ghana is already in the market…So we have to think about the way to pay for the debts,” the finance minister said.
Dana Sanchez, 12:09 pm
The entrepreneurs running African firms tend to have longer planning horizons than foreign owned companies for kick-starting industries that don’t rely on extractives. This is pivotal to economic diversification in Africa. Often indigenous, they’re physically and psychologically vested in their operating environments. They have risk mitigation strategies which often elude their foreign counterparts.
Staff, 7:00 pm
There are many different lodging options when you go on an African safari. Tented camps, brick-and-mortar lodges, or self-drive RVs are just some of the places you can lay your head between excursions into the bush to experience the Big Five. But a tree house safari is an utterly unique experience you should not pass up. You’ll hear the soothing sounds of the wilderness, get supreme river views and watch mighty African sun setting on the distant horizon. Here is what to expect from a Zambian tree house safari at Tongabezi Safari Lodge.
Keren Mikva, 12:59 pm
Zambian artist Caleb Chisha sees his art as a religion, and he worships at the church of daily rituals, often portraying the culture and traditions of African daily life. Namibia and Zambia have artistic traditions that span thousands of years. Both are recent players in the global contemporary art scene as interest mounts globally to invest in African art. These are some artists whose voices make them standouts.
Kurt Davis Jr., 12:35 pm AFKI Original
Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.
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.
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