Zimbabwe: Latest News
Staff, 12:19 pm
Bitcoin remittances in Africa have not really taken off. The slowness of blockchain-based digital currency has been compared to the internet’s slow start, and how web use eventually became mainstream. Few consumer friendly applications have been created yet. Merchant adoption has been sluggish and there has been a lot of negative press regarding scams, money laundering and underground markets. Bitcoin growth is set to become exponential, especially in Africa. There are a number of reasons.
Dana Sanchez, 11:10 am
Ousted Vice President Joice Mujuru agreed to pay $1.4M in personal funds to a white farmer whose land was taken by her late husband. Some analysts say this will inspire investor confidence in Zimbabwe and demonstrate respect for property rights. The ruling Zanu-PF party will do its best to discredit Mujuru as a traitor. “People should not be fooled by Mujuru’s gesture,” an analyst said. “Mujuru was a member of Zanu PF most of her life and she now wants to rebrand herself as (its) acceptable face.”
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.
Kevin Mwanza, 5:19 am
Zimbabwe President Robert Mugabe has appointed his son-in-law as the Chief Operations officer at Air Zimbabwe, a move that sparked anger from the opposition that the long-serving leader has reduced the country to family control. Simba Chikore, husband to the veteran leader’s only daughter, Bona Mugabe, claims to be a trained pilot and worked at Emirates and Qatar Airways, claims that the two airlines have denied.
Dana Sanchez, 6:28 pm
Ibrahim got rich on telecommunications, but he has invested millions in good governance. “Power corrupts absolutely,” Ibrahim said. He called for more international outrage over stolen elections. “People are learning how to steal elections because that looks less brutal than saying ‘I’m president for life,'” he said. “There is a limit to how long they can go on stealing elections. More and more of these elections are being subject to the harsh light of … social media.”
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.
Derek Dias, 9:47 am
From 1549 until 1875, Jolof or Wolof, was a powerful kingdom in what is now Senegal and Gambia. In 1875, the theocratic Imamate of Futa Jallon brought jihad upon its neighbor. The kingdom never recovered and the French took over soon after. C’est la vie. The next time you eat Jollof rice, you can thank this kingdom. Not enough people besides history buffs know about the great empires, kingdoms, and sultanates of Africa. Here are some of the great African empires you may never have heard of.
Dana Sanchez, 12:04 pm
The Chinese have entered many sectors of the economy under Zimbabwe’s Look East policy, but until recently avoided white-owned farms liberated by Mugabe. Chinese are now investing in tobacco production, growing it on formerly white-owned farms, and paying rent to landowners who were given farms seized by Zimbabwe’s ruling Zanu-PF. Mugabe’s disastrous land reforms caused agricultural production to nosedive. Now there are plenty of jobs in the tobacco-growing district, a worker said.
Dana Sanchez, 12:12 pm
All the big geopolitical players are refining their transition strategies and post-Mugabe plans. Two transitional bailout plans — one from Western backers and another from China — are being refined in anticipation of the post-Mugabe era. The Western package underwrites Vice President Emmerson Mnangagwa’s ascendancy while the Chinese deal is largely designed to shore up First Lady Grace Mugabe and her Zanu PF faction’s political ambitions, according to local Zimbabwean media.
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