Date Archives for 2017
Staff, 2:20 pm
It’s somewhat disconcerting to look at gazelles with the roar of traffic as your soundtrack, or see a line of skyscrapers on the northern edge of the park, but this is Africa. If you’re visiting Nairobi and don’t have time to head out into the bush, you’ll find one of the best urban wildlife parks in the world just a few miles from the city’s central business district. All you need is a few hours. At the Nairobi National Park, I saw giraffe, Cape buffalo, wildebeest, baboons, impala, a rhino and her baby, and — unexpectedly — lions mating.
Dana Sanchez, 1:43 pm AFKI Original
Barack Obama’s 2008 election as U.S. president inspired millions of Africans with hopes that strong ties to Kenya, country of his father’s birth, would mean increased U.S. involvement. Some believe Obama will leave office Jan. 20, 2017, falling short of those expectations. He has been blamed for not making African issues a top priority of his foreign policy. Others say he leaves a lasting legacy that will live on — especially in Africa’s young leaders.
Peter Pedroncelli, 8:00 am AFKI Original
African heads of state and politicians make use of social media to communicate with peers and the people which they serve. Twitter is becoming a popular short-message platform in which to connect with the masses, and Donald Trump is not the only world leader that loves to communicate with posts of under 140 characters. From South Africa to Nigeria, the high profile African heads of state tweet, retweet and reply to followers, offering their opinions on many issues while advancing their own agendas through social media. Here are 12 African heads of state who are on Twitter.
Peter Pedroncelli, 4:37 am AFKI Original
An Andre Ayew penalty was enough to earn the Black Stars of Ghana three points thanks to a 1-0 victory over Uganda at the 2017 Africa Cup of Nations in Gabon. The West Africans defeated their East African counterparts in a Group D encounter at Stade de Port-Gentil in Gabon on Tuesday evening.
Dana Sanchez, 5:02 pm
In a sign that local credit ratings are becoming more lucrative in Africa, U.S. buyout firm Carlyle agreed to become the largest shareholder in Africa’s largest rating agency. GCR rates more credits on the continent than giants Fitch, Moody’s and S&P. Growth is constrained in the present credit ratings system, said the president of the BRICS New Development Bank. The Big 3 rate over 90% of the global sovereign ratings market. GCR specializes in national-level ratings, which rely less on a country’s sovereign rating.
Dana Sanchez, 1:55 pm
The African tech space is not immune to the economic pressures faced by other sectors, but it is proving resilient. Significantly more African tech startups raised funding in 2016 than the previous year, but the overall amount of recorded funds declined, according to a new report. Fintech startups were the winning sector, receiving the most investor funding in Africa in 2016. The economic downturn played a part in that. Fintech in Africa is different, a stakeholder said. It’s building new infrastructure rather than disrupting an existing one.
Kurt Davis Jr., 10:56 am AFKI Original
Kenya has long been known for fantastic athletes, but not so much for entrepreneurs focused on the business of fitness. Kenya-born Saloni Kantaria Mathur ranked No. 1 in Kenyan women’s tennis and studied law in the U.S. before starting an indoor cycling studio in Nairobi. The Reform brand is unmistakably Kenyan and it’s not your average gym experience. Reform integrates live-streamed performance data tech into classes, bringing the competitive instinct into the workout. Mathur shared with AFKInsider what she learned as a female African fitness entrepreneur.
Peter Pedroncelli, 4:17 am AFKI Original
The 2017 Africa Cup of Nations (AFCON) continued on Monday night with two more fixtures in Group C between Cote D’Ivoire and Togo, as well as Congo DR and Morocco. Defending champions Cote D’Ivoire struggled to break down a stubborn Togo side in the earlier match, and things ended in a goalless stalemate in the highly anticipated West African battle at the Stade d’Oyem.
Staff, 3:53 pm
Recently renewed by U.S. President Barack Obama, the African Growth and Opportunity Act, or AGOA, allows qualifying African countries to export certain products to the U.S. duty free. U.S. exports to Africa, however, are subject to customs duties. Incoming President Donald Trump isn’t going to go for that, says Herman Cohen, a former U.S. ambassador to several African countries. “I have the feeling that he will ask African governments to accept reciprocity in trade relations,” Cohen said.
Dana Sanchez, 3:04 pm
At the World Economic Forum, where finance ministers attract as much attention as presidents, Pravin Gordhan’s presence this week in Davos is expected to be a show of strength, leadership and survival. Gordhan was asked to be SA finance minister after a bizarre, four-day, four-finance-minister sequence of firings by President Zuma. Deputy South African President Cyril Ramaphosa is leading Team SA at WEF. Cyril could use some “sparkle on his presidential ambitions,” a commentator said. Zuma won’t be attending.
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