Date Archives for April 2016
Kevin Mwanza, 4:44 am
Mobile phones are driving e-commerce sales in Africa as more people on the continent acquire smartphones and internet use, especially in urban areas, rise, a new report by performance marketing firm, Criteo has shown. The report showed that the number of retail e-commerce transactions taking place through smartphones in Nigeria spiked by 73 percent within the first quarter of 2016
Staff, 4:27 am
A South African court ruled Friday that prosecutors acted “irrationally” when they decided to drop more than 700 corruption and fraud charges against President Jacob Zuma in 2009. “Mr. Zuma should face the charges as outlined in the indictment,” North Gauteng High Court Justice Aubrey Ledwaba said. The court said the decision by the National Prosecuting Authority should be set aside and reviewed.
Staff, 4:05 am
Embraer Commercial Aviation released, during the Marrakech Air Show, in Morocco, its market outlook for Africa, which forecasts that the region will take delivery of 240 new jets in the 70 to 130-seat segment over the next 20 years. The 70 to 130-seat jet fleet in service is estimated to grow from the current 120 units to 260 by 2034. “Africans are turning progressively to air travel.”
Joe Kennedy, 7:00 pm
Lagos is undoubtedly one of the best nightlife spots in Africa. This shouldn’t come as a surprise, as the city is known for its music and film industries, and those folks always like to party. Of course, other locals, tourists and expats like to party as well, and there are plenty of places around the city where they can let their hair down and do just that. From lavish clubs filled with celebrities to casual lounges, here are the best places to get drunk and party it up in Lagos, Nigeria.
Dana Sanchez, 3:19 pm
At least seven investors said they’re interested in buying part of Barclays’ stake in Africa. The bank said it expects to maintain single-digit loan growth this year with the rest of its African operations expanding faster than South Africa. Revenue continued to improve and growth in the rest of Africa is well above that of South Africa. What happens to Barclays in the future could depend a lot on what the South African Reserve Bank wants, one investment manager said.
Dana Sanchez, 11:42 am
Equatorial Guinea is sub-Saharan Africa’s third biggest oil producer. Oil revenues account for more than 70% of GDP. Obiang, 73, took power in a 1979 coup, ousting his uncle and having him shot by firing squad. The constitution has since been changed to impose term limits in the former Spanish colony, but they don’t apply to him. Human rights groups say Obiang stayed in power by suppressing the media and dissident voices and stealing public funds.
Julia Austin, 10:04 am AFKI Original
Most paleoanthropologists take years–sometimes decades–to organize their findings and publish a book. In 2010, Lee Berger discovered a new species called the Australopithecus sediba–a small-brained bipedal ape. By 2013, he published his book on the species. Some of his peers have criticized Berger, saying that this pace resulted in sloppy work. He’s a rock star of anthropology. Here’s why Time named him one of the world’s 100 most influential people.
Julia Austin, 9:37 am AFKI Original
There’s a new fashion website that’s gained the nickname “Amazon in Africa,” thanks to 29-year-old Nigerian finance and fashion whiz, Olatorera Oniru. Oniru is working to give African designers recognition on the global fashion market and make international brands more accessible to African consumers. Oniru said she has the resources to personally finance her company for the next five years. During that time she hopes to multiply her supplier and client base.
Julia Austin, 9:10 am AFKI Original
Bodybuilding champion Tumi Masite is sometimes called “South Africa’s Schwarzenegger,” not only for his giant muscles but because he went into business with Reg Park, the late former trainer of the iconic Austrian-American bodybuilder, Arnold Schwarzenegger. Masite started a popular gym in his family home in Alexandra township. The dedication of his gym members caught the attention of Richard Branson. Now the local fitness celebrity has expanded his business into a chain of gyms. Here’s a look at how Masite is bringing gyms to a South African township.
Peter Pedroncelli, 9:00 am AFKI Original
Africa loves the beautiful game, and the popularity of soccer has created fertile ground for brands to provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These brands sponsor African soccer and provide funding to take the game forward. We take a look at 8 big brands that are involved in sponsorship of soccer on the African continent.
- Real Estate