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Date Archives for 2017

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

  • Four South African Players In Doubt For Angola Friendly International

    Bafana captain Dean Furman By Peter Pedroncelli, 6:13 am

    South Africa’s 3-1 win over Guinea-Bissau in a friendly international on Saturday in Durban came with a price as four Bafana Bafana players are doubtful for the friendly encounter against Angola on Tuesday through injury. Defenders Erick Mathoho and Thulani Hlatshwayo, as well midfielders Dean Furman and Andile Jali are being monitored by the national team’s medical staff. The quartet missed Bafana’s first training session at Sisa Dukashe Stadium in Mdantsane on Sunday night, and will need to be closely monitored before a decision on their availability is made.

  • 12 African International Friendly Results From The Last Week

    By Peter Pedroncelli, 4:57 am AFKI Original

    National teams throughout Africa were involved in international friendly matches over the weekend, as they used the FIFA international break as an opportunity to prepare for various qualifying campaigns with encounters against other nations. With the 2019 Africa Cup of Nations (AFCON) and 2018 World Cup qualifying campaigns taking place during the course of this year, the African teams are making the most of friendlies as part of their preparations. We take a look at 12 international friendly results involving African teams from the last few days.

  • Can Aliko Dangote’s Name Help Open The Africa Center In NYC’s Harlem?

    By Staff, 1:01 am

    Halima Aliko Dangote, daughter of Nigerian cement magnate Aliko Dangote, is trying to raise money in Africa to open an African art and policy institute in New York. She hoped to raise up to $5 million at a recent fundraiser in Nigeria, and said she planned similar events in Morocco and Kenya. The building that houses the Africa Center was completed several years ago but the center itself hasn’t opened yet for lack of funds.

  • The Face Of Stability, SA’s Gordhan To Woo US, UK Investors Ahead Of Moody’s Next Review

    Gordhan to woo US By Reuters, 1:01 am

    Gordhan is leading a team to London, Boston and New York provide an update on the most recent South African developments, “engage constructively with investors and share the government’s thinking behind its’ latest policy proposals.” Investors are concerned about rising political tensions in the ruling ANC, which is due to vote this year to replace President Jacob Zuma as ANC leader. For investors, Gordhan is the face of stability. Talk that Zuma might fire him has rattled financial markets.

  • GE Oil & Gas Opens New Sub-Saharan Africa Facility To Support ENI

    GE Oil & Gas opens new sub-Saharan Africa facility By Dana Sanchez, 4:58 pm AFKI Original

    African exploration took a hit the last two years. Eni’s success shows it’s not over. Eni is Africa’s leading gas producer. With an oil sector less than 10 years old, Ghanaian companies have limited experience providing tech services to offshore operators. GE says it plans to provide training and support for the local oil and gas supply chain, and SMEs. GE’s new Ghana facility is already supporting Eni. Eni’s exploration success rate is the envy of its peers. Most of Eni’s oil finds were discovered in the last decade, mainly in Nigeria, the Congo, Ghana and Angola.

  • Youthful Entrepreneur Uses Green Waste Recovery To Fight Malaria In Madagascar

    green waste recovery to fight malaria By Ann Brown, 1:04 pm AFKI Original

    When a coup in Madagascar sent her father into bankruptcy, 24-year-old Hanta Tiana Ranaivo Rajaonarisoa was forced to abandon her business administration studies in the U.S. She took over the family’s unused essential oil-making machine, and now supplies insect repellants to 40 pharmacies in Madagascar. Malaria is one of the country’s top 5 causes of death. Rajaonarisoa says she’s helping protect Madagascar’s amazing biodiversity — up to 90 percent of the country’s plant species are endemic — by using green waste recovery in her products.

  • 12 Crowdfunding Success Stories That Have Emerged From Africa

    Crowdfunding Success Stories By Peter Pedroncelli, 11:22 am AFKI Original

    The idea of funding a venture by raising money through many small contributions on the internet strikes a chord among Africans. It’s ubuntu at its finest. When Media 24 closed Ideas magazine in South Africa in 2016, former editor Terena le Roux took it upon herself to resurrect the publication. Thanks to support on social media, she launched a crowdfunding campaign via Thundafund. The money continues to come in, and she was able to relaunch the magazine.

  • For Tech Startups, Rwanda Is Becoming The Test Kitchen Of Africa

    Rwanda is becoming the test kitchen of Africa By Tom Jackson, 10:06 am AFKI Original

    Vancouver tech innovator Barrett Nash was drawn to Rwanda for its repuation as an easy place to start a tech business. Rwanda issues entrepreneur visas to foreigners. It’s a lab-like environment where innovations can be cooked up and then brought to other African markets, Nash said. “Many startups try to conquer a market before they’ve mastered a product. A startup needs to grow into markets like Lagos and Nairobi, but getting the product right first is more important. Rwanda has created a continent-leading platform for taking this first pivotal step.”

  • Researchers Call For DNA Samples At Airports To Determine Scope Of African Bushmeat Market

    African bushmeat market By Mongabay, 12:37 pm

    An 8-pound monkey can cost $105 in Paris compared to $5.37 in Cameroon. In Europe’s biggest cities, demand for exotic delicacies or a “taste of home” drives a trade in African bushmeat that is as yet unquantified. African traffickers can get high prices for increasingly rare African species. The influx of bushmeat is small compared to the greater crisis in Africa. “Africa is eating its forests and we are looking at empty forest syndrome,” a stakeholder said. As African species get rarer and fetch a higher price abroad, Europe and the U.S. could become bigger bushmeat markets.

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