Date Archives for August 2015
Staff, 5:27 pm
Akinwumi Adesina, the former Nigerian Agriculture Minister, takes over this week as president of the African Development Bank. He layed out his vision for the bank, which includes providing rapid assistance to African nations hit hard by the slowdown in China’s economic growth. Expectations are high for Adesina, who has a reputation for tackling ambitious projects. “Africa must think big. We can’t afford to have low aspirations for Africa,” he said.
Karen Elowitt, 5:00 pm
Adrenalin junkies love Victoria Falls, but adventure is not all this marvelous place has to offer. Victoria Falls and the Zambezi river are also divine locations for a peaceful, rejuvenating vacation that allows couples to feel the romance while enjoying the quieter pleasures of the region.
Dana Sanchez, 3:21 pm
Africa’s richest man, Nigeria’s Aliko Dangote is investing in Zimbabwe coal, power and cement. Zimbabwe has lagged behind neighbors Mozambique and Zambia in attracting foreign investment but the government said in July it had approved $971M in foreign investment in the first half of 2015 versus $555M a year ago. Dangote Cement faces intense competition in the African cement sector.
Staff, 1:06 pm
Africa’s creative industries are suffering from supply issues and lack of intellectual property protection, among others. Cape Verde, said to have the highest number of musicians per square kilometer in the world, is a good example of how a country can leverage such resources to place the creative economy at the cornerstone of its development strategy. With few exportable resources, Cape Verde is enabling its cultural assets to be a significant contributor to the economy.
Kevin Mwanza, 12:28 pm AFKI Original
Village Capital, a Washington D.C. based international non-profit venture-lending fund, has partnered with, Gearbox, a Nairobi-based hackerspace for hardware entrepreneurs and experimenters, to create a hardware accelerator focusing on tech startups in Africa. The hardware accelerator will use Village Capital’s model of letting peers select the two best startups out of 12 participants
Dana Sanchez, 12:05 pm AFKI Original
Gabon’s low-cost airline, Fly Africa, will expand to East and West Africa with the help of funding from South African arms manufacturer Ivor Ichikowitz. The airline has shaken up the airline industry in Africa by offering the lowest airfares on the continent and proving that the low-cost model is sustainable. Ichikowitz said FlyAfrica.com will be the game-changer for Africa’s aviation industry.
Kevin Mwanza, 11:54 am
Last week, as the African Growth and Opportunity Act (AGOA) meeting ended in Libreville, Gabon, one thing that was clear for the 39 African countries’ delegate at the event was that the newly signed treaty, that enables African countries to access US markets tax-free, will be different.
For starters, the over reliance on oil export to the US market will not cut it this time
Staff, 10:01 am
When world leaders at a United Nations conference agreed last month in Addis Ababa on how to finance international development over the next 15 years, the news made scant headlines. Fundamental questions remain regarding how the international community will achieve the new sustainable development goals, which will be formally adopted by the United Nations in September.
Staff, 9:11 am
Independent Media’s new continental weekly, African Independent, promises to be “a publication for minds without borders,” and one that conveys the full African story. Executive Chairman Iqbal Survé said he isn’t relying on “ideological orientation” to make the publication a success. Economic viability is the point of expanding media interests, Survé said. He’s counting on 300 million Africans with mobile phones to buy in.
Keren Mikva, 8:14 am AFKI Original
With 44 percent of Africa’s uranium supply, Niger is one of the continent’s leading producers. Minerals account for more than 40 percent of Niger’s exports. Niger also mines for cement, coal, goal, gypsum, limestone, salt, silver, and tin. Since uranium is naturally radioactive, it’s used most commonly in nuclear power plants to generate electricity. When it comes to the stuff bling is made of, Africa is blessed. These are the most mineral-rich countries in Africa.
- Real Estate