Date Archives for 2014
Keren Mikva, 1:50 pm AFKI Original
Foreign investment in Cuba has actually decreased in recent years despite President Raúl Castro’s incentives. In 2013, Castro attempted to attract foreign investment by promising investors greater control over wage setting and a quick turnaround – 60 days – for proposals. However, continuing tight bureaucracy kept wary foreign investors at bay. More investors have left the country in the past few years than arrived. In mid December, the U.S. and Cuba restored diplomatic ties cut in 1960. Here are 15 things you didn’t know about Cuba’s relationship with the world.
Makula Dunbar, 1:31 pm
For Egypt’s younger population, there have always seemed to be hurdles in establishing small businesses, because government funding is more than often funneled to large enterprises, CCTV Africa reported. Now the country is putting aside $2 billion with hopes of jump-starting youth-led SMEs. “This will be a ray of light for the youth. We will fund the SME and help in marketing, but the youth must work hard for their project to succeed. It won’t be easy,” Ibrahim Mehleb, Egypt’s prime minister said in the report.
Mark Rausch, 12:43 pm AFKI Original
Charlie Chaplin’s 1940 classic, “The Great Dictator,” was his first “talkie” and his biggest crowd pleaser. Slamming Adolf Hitler, Chaplin dons a black mustache for the role of a weaselish lunatic, Adenoid Hynkel, dictator of “Tomania.” Released smack in the middle of rampant anti-Semitism in Europe, it’s today a chilling — and somehow still hilarious — portrayal of a man, a regime, and a world gone mad. The Sony hack and the satirical comedy, “The Interview,” drew attention to dictatorship and free speech. Here are 15 films about dictators you should watch.
Karen Elowitt, 11:00 am
If you’re after a holiday that doesn’t involve you doing more than laying on a beach chair, cocktail in hand, then the Indian Ocean islands are the perfect choice. Mauritius, the Seychelles and Mozambique all offer clear blue waters, glistening sand and a number of resorts to suit every budget and taste. Luxury travellers in particularly are spoilt for choice though, with swank resorts taking up huge areas of land, such that you can have a complete holiday without even leaving the hotel’s property.
Dana Sanchez, 9:50 am
A South African firm is trying to commercialize an injectable bone substitute derived from pigs to replace bones that cannot heal themselves and eliminate the need for costly bone grafts, according to a Bloomberg video. About 10 percent of bone injuries result in complications, says Nicolaas Duneas, CEO of Altis Biologics. Standard procedure is to harvest bone from a patient, usually from the hip, and graft it in the same patient. Bone grafts are invasive, expensive, and involve an operation. Complications and infections often occur.
Julia Austin, 3:55 am
Safari Investments develops and manages township shopping centers in South Africa and has a project in Namibia. The company has a pro-shareholder model that distributes 85-to-90 percent of its earnings to investors, so they don’t need to wait for capital gains. The company is trading at a discount that is expected to soon get smaller as the market values it higher, an expert said. Safari almost doubled its earnings in 2014, Business Day Live reports. Experts at Sanlam Private Wealth — a leading South African financial services group — gave advice on 12 South African stocks to watch in 2015. Here’s what they came up with.
D.A. Barber, 3:00 am AFKI Original
An interesting trend is taking hold within the traditionally conservative and closed African mining industry: They’re discovering renewable energy. While reducing electricity costs has become a major strategic goal for the Africa’s mines, most have not traditionally been considered sympathetic to renewable energy. Since mining operations depend on steady electricity supply – in some cases running 24 hours, some experts see a boom in joining the two industries ahead for 2015. Renewable investment by African mines expected to be between $600 million and $1.1 billion by 2016.
Andrew Friedman, 3:00 am AFKI Original
Late last month three Eritrean men filed a lawsuit in a Vancouver court against Nevsun Resources Limited. The lawsuit stemmed from allegations that Nevsun, a Canadian mining company, had used slave labor at its Bisha property, an industrial metal mine located in central Eritrea through its local contractor, the Segen construction company.
Ann Brown, 9:00 pm
From Venture Beat It’s easy to forget where you are when standing by the cappuccino machine on the sixth floor of the Telecom House in Kigali, Rwanda. The Telecom House, as the building is known (most buildings in Rwanda don’t have addresses), is the center of Rwanda’s startup scene. The building houses Carnegie Mellon–Rwanda and […]
Ann Brown, 8:00 pm
From The Namibian Namibia’s oyster industry suffered a blow on Christmas Eve when the Hong Kong’s Centre for Food Safety (CFS) suspended imports of live oysters from Walvis Bay after laboratory tests detected high levels of cadmium in oyster samples. The Chairman of the Namibian Mariculture Association, Henning du Plessis, confirmed this to The Namibian. […]
- Real Estate