Date Archives for June 2016
Dana Sanchez, 8:45 pm
It’s hard to get a loan in Kenya. Most people have very little credit history and few assets so banks are unwilling to take the risk lending them money. A new partnership between Uber and a local bank is allowing Uber drivers to use data from satisfied customers to apply for car loans. “I felt like I won a jackpot,” said Uber driver Michael Muturi, who got an Uber message saying his profile was good enough to apply. “With my own car I will be able to afford a good house, take my kids to a good school and save for the future.”
Dana Sanchez, 7:19 pm
Diamonds have been fetching record prices at auction lately as the world’s ultra-rich seek shelter from stock market volatility. Lucara wanted to sell its tennis ball-size diamond directly to a wealthy buyer to capitalize on the boom in gem prices. That bet didn’t pay off. Stocks and financial assets have been volatile, especially after the Brexit vote. So how do diamond sales benefit Botswana? In parts of Africa, diamonds are associated with bloodshed. Botswana’s diamond story is different.
Joe Kennedy, 7:00 pm
There is so much worth knowing about this coastal Kenyan city: the origins of its rich, diverse cultural life; the stories behind its numerous monuments and historical sites; and of course, why those tusks are sitting in the middle of the road! Here are 10 things you didn’t know about Mombasa, Kenya.
Keren Mikva, 4:50 pm
It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.
Karen Elowitt, 9:57 am
Whether you’re shopping for curios, the latest women’s fashions or just local crafts during your trip to Africa, it pays to buy fair trade sourced items. Knowing that your purchase will help to enrich the lives of local African artisans and communities — instead of factory owners in China or multi-national corporations — will give you a sense of personal satisfaction and also make the continent (and world) a better place for all. Luckily there are hundreds of fair trade shops in Africa, which we’ve provided a sampling of here.
Kevin Mwanza, 9:02 am
South Africa’s state-owned Strategic Fuel Fund (SFF) announced on Wednesday it had offered to buy Chevron’s 110,000 barrel a day refinery in Cape Town, its fuel stations in the country and other downstream assets in neighboring countries. The US oil major company, which started selling-down its assets in Africa in 2014 in a three-year asset sale program,said in January it planned to sell 75 percent of its South African business unit, which it estimated could fetch about $1 billion
Kevin Mwanza, 7:11 am
East Africa’s airspace is getting crowded by the increasing number of commercial airlines plying the region and is likely to get even more competitive if Uganda successfully revives its national carrier. President Yoweri Museveni wants search for a strategic investor who will help revive Uganda Airlines found urgently. He termed the lack of a national airlines in the East African landlocked country as “a big shame”
Kevin Mwanza, 5:59 am
London-based Liquid Telecom, a subsidiary of Econet Wireless Global, has acquired South Africa-based communication network operator Neotel for about $430 million effectively creating the largest independent internet broadband operator in Africa. The deal, which is still awaiting regulatory approval, will make Liquid the “largest pan-African broadband network” with over 40,000 kilometres of internet fibre across 12 countries on the continent
Peter Pedroncelli, 5:41 am
The South African National Lotteries Commission has thrown their financial support behind Team SA ahead of the Olympic games in Rio this August, committing funds to support those representing the country in Brazil in the form of a partnership between The National Lotteries Commission and the South African Sports Confederation and Olympic Committee.
Stuart Butler, 7:00 pm
Northern Botswana’s Okavango Delta is home to some of the greatest concentrations of wildlife left in Africa. Elephants are present in numbers seen nowhere else on the continent. There are an estimated 130,000 elephants in northern Botswana, which amounts to about a third of all the elephants in Africa. Take a look at this fantastic slideshow by Stuart Butler, a very talented photographer who recently spent several weeks in Botswana getting extremely close to elephants.
- Real Estate