Zimbabwe: Latest News
Peter Pedroncelli, 3:26 am
Google and three strategic partners have committed to investing a combined $100 million in a broadband infrastructure project to benefit African cities, with fast and reliable internet capabilities in the pipeline. The agreement signed between the four investors sees the creation of a new entity known as CSquared, which will operate as an independent company and will be based out of offices in Nairobi, Kenya.
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Tom Jackson, 9:58 pm AFKI Original
TerraPay is the latest mobile payments platform to enter the crowded East African market with its launch in Tanzania. The challenge for the market lies in navigating regulatory hurdles from one country to the next, an expert said. Interoperability has the potential to unlock intra-African mobile remittances and could be key to promoting cross-border trade. It is expected to overcome challenges to scale and facilitate micro-transfers across borders, a common theme for Africa’s low-income population. Expect to see some consolidation in the market.
Peter Pedroncelli, 5:36 am
The World Bank Group has committed to supporting the growth of Africa’s digital economy with the launch of XL Africa, a business acceleration initiative that will provide a raft of benefits for the 20 most promising startups in sub-Saharan Africa over the next five months. African digital entrepreneurs will have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
Staff, 6:40 pm
South African President Jacob Zuma has emptied his cabinet of his critics. Now that he has collaborators in all key cabinet spots, we know the country’s path if he stays in power. South Africa will move ahead with a deal for a large number of Russian nuclear plants. Property rights for farmers and mines will be further diminished so that Zuma allies can participate in once-thriving South African industries now in decline because of a lack of business confidence. Foreign investors will look elsewhere, and South Africans will move their money out.
Staff, 10:34 am
Tests developed to treat white people may be unsuitable for Africans. Ethiopia banned the painkiller codeine because many Ethiopians carry a gene variant that causes their bodies to convert the drug to morphine. Scientists have been pushing to improve health care by tailoring to the environment, lifestyle and genes of individuals. Few have taken this precision-medicine approach in Africa, but that’s changing. Precision public health is a new approach to precision medicine that bases decisions on populations and communities rather than on individuals. There’s a big problem though. Precision medicine is expensive.
Staff, 1:01 am
The U.S. did not have a trade policy for Africa when Rosa Whitaker went to work for the U.S. State Department. U.S. policy was to view Africa as a charity case. Whitaker helped draft AGOA, the law gives duty-free access to the U.S. for African countries meeting eligibility requirements on human rights, rule of law and labor standards. With AGOA, the whole narrative changed, Whitaker said. “We no longer saw Africa as benefactors of charity. We were able to substitute paternalism with partnership.” The U.S. had trade representatives for every other region of the world except Africa. President Bill Clinton did not wait for AGOA to be passed before appointing Whitaker assistant trade representative for Africa.
Peter Pedroncelli, 1:35 am AFKI Original
Zimbabwean business mogul Strive Masiyiwa has been incredibly successful in his career as an entrepreneur and investor, with business interests worldwide showing his pedigree as a businessman. The founder and CEO of telecoms company Econet Wirless is Zimbabwe’s richest man, and continues to use his fortune for philanthropic pursuits throughout the African continent, with education among the youth proving to be a particular passion for the British educated Masiyiwa. Here are 12 things you may not know about Zimbabwean businessman Strive Masiyiwa.
Dana Sanchez, 10:26 am
Mugabe has long opposed Western intervention in Zimbabwe and has accused opponents of being sponsored by the U.S. He hopes Trump’s America First platform bodes well for Zimbabwe. Mugabe said he was glad that Democratic candidate Hillary Clinton lost the election. He was afraid she would renew sanctions on Zimbabwe. In his last week in office, Obama renewed the sanctions on Zimbabwe for another year. “Why did he (Obama) have to do it? Why didn’t he leave it to the incoming incumbent to make his own decision?” Mugabe said on state-run TV.
Dana Sanchez, 12:10 am
Immigrant communities in South Africa have been reporting an upsurge of xenophobic violence for weeks, raising fears that anti-foreigner sentiment could spark a recurrence of attacks that claimed 67 lives in 2008 and 2015. Residents have complained on social media that foreigners are selling drugs and forcing South African girls into prostitution. A demonstration is planned on Feb. 24 to protest against the presence of Nigerians, Pakistanis and Zimbabweans.
- Real Estate