Zimbabwe: Latest News

  • Bitcoin Price Reacts To Potential Hyperinflation On Zimbabwean Exchange, Was Up 85% To $7,200

    By Peter Pedroncelli, 3:44 am

    In the confusion and concern surrounding the potential for hyperinflation to heavily affect Zimbabwe, bitcoin has become a viable and popular means of transacting with regards to big ticket items, driving the price of the cryptocurrency on the local exchange. The price of bitcoin on Zimbabwe’s exchange, BitcoinFundi, was trading at a 85 percent premium at $7,200 per bitcoin on Wednesday.

  • 13 African Countries With The Strongest Militaries

    The South African army is among the strongest militaries in Africa South African army Photo: weeklytimesofindia.com By Peter Pedroncelli, 10:14 am AFKI Original

    Africa is home to some of the strongest militaries in the world, with one North African country in particular featuring in the top 10 of the global list. Global Firepower produces an annual military ranking that takes into account 50 factors to determine a list of the most powerful armies in the world from a selection of 133 countries. Here are the 13 African countries with the strongest militaries.

  • 10 Challenges For Mobile Operators In Sub-Saharan Africa To Negotiate

    Mobile operators - Africa set to be the fastest growing mobile userbase in the coming years. Photo - Answers Africa By Peter Pedroncelli, 1:03 pm AFKI Original

    Mobile operators in sub-Saharan Africa have a unique set of challenges that they face in the region, but if they manage to overcome these obstacles, success awaits. Sub-Saharan Africa is home to many mobile operators who have dominated their markets, from Vodacom in South Africa to Safaricom in Kenya, but that dominance has not come easy. Now a fresh set of issues stand in the way of further success on the continent.

  • 4 African Currencies That Are Under Pressure In 2017

    African currencies By Kurt Davis Jr., 8:02 am AFKI Original

    The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result. The year 2017 has been a partial year of recovery or adjustment, but there remain a selection of African economies that continue to experience issues with their currencies as a reflection of the problems that are affecting them at home. Here we take a look at four prime examples.

  • 12 African Countries With The Fastest Broadband Speeds

    Fastest broadband speeds - Internet speeds are increasing across Africa. Photo - QZ By Peter Pedroncelli, 7:59 am AFKI Original

    In business terms, countries with the fastest broadband speeds have a distinct advantage over others, and this is especially true for Africa. The research took into account 189 countries, including most African nations ranking them from first to last with regards to average speeds that users experience in those countries. Singapore ranks as the world’s fastest country with speeds of 55.13Mbps, while Yemen is in last place in the ranking at an average speed of only 0.34Mbps.

  • Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion

    Streaming Video Company Iflix Raises $133M In Funding To Enable African Expansion. Photo - African Business Communities By Peter Pedroncelli, 6:42 am

    Malaysian subscription streaming video service iflix, which is focused on emerging markets, has secured significant funding that will be used to facilitate the company’s African expansion plans. The Netflix competitor announced that it had attracted investments amounting to $133m in new funding round led by U.S. media giant Hearst that was successful due to significant interest from both new investors and existing shareholders.

  • 12 Ways Tech Is Uplifting Agriculture Industries In Africa

    Tech Is Uplifting The Agricultural Industry In Africa By Peter Pedroncelli, 5:26 am AFKI Original

    As with many sectors in modern business, the agricultural industry in Africa is embracing technology to enhance production and ensure a more profitable future. Tech is able to reduce costs, upskill farm workers and save effort and time in Africa’s largest economic sector. From drone tech to mobile apps that assist farmers, Africa is a pioneer on the agritech front, and the technologies that are being incorporated into agriculture are helping to put food on the tables of people all over the world.

  • Opinion: Africa Is The Next Frontier For Design And Advertising Innovation

    Design and advertising innovation in africa By amcdermott, 12:22 pm AFKI Original

    Hailing from Jamaica, but American by way of higher education and culture, I’ve spent much of the last three years in countries around Africa, and I am excited by the potential for design and innovation there. I’ll go to a restaurant with friends in Maputo and fumble around for my credit card to cover the bill. By the time I look up, someone’s laughing at me because they already paid the bill in 10 seconds from their phone with M-Pesa. From Asia and Central America came tailors and tactile labor, from India came software engineers, and soon, from Africa, will come creatives.

  • Botswana Teachers Learn Basic Coding In Preparation For Africa Code Week 2017

    Africa Code Week 2017 By Peter Pedroncelli, 7:13 am

    In preparation for Africa Code Week 2017, which will take place throughout the continent in October, hundreds of teachers in Botswana have learned basic coding skills. Thanks to a partnership between the Ministry of Basic Education in Botswana and software development group SAP, over 400 teachers within the country now have a basic level understanding of how to code. In 2016, 426,000 youngsters across 30 countries learned to code over a nine-day period.

  • 10 Obstacles That Impede Africa’s International E-Commerce Growth

    By Peter Pedroncelli, 4:44 pm AFKI Original

    While e-commerce growth in Africa continues to take place at a faster rate with each passing year, there continue to be barriers that hamper development of e-commerce on the continent. The current share of consumer e-commerce by African enterprises is below 2 percent, and has great potential. By 2018, the African e-commerce market is projected to be worth around $50 billion, from just $8 billion in 2013, according to the International Trade Centre.

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