Date Archives for April 2017
Staff, 9:41 pm
Many South African business leaders say that malaria is among the top reasons they do not travel to other African countries. The world’s first malaria vaccine will undergo trials in Kenya, Ghana and Malawi in 2018, possibly heralding victory over a disease that still kills close to 500,000 people a year, mainly Africans. Although health is a cardinal element of the human development index, this is not a health story, but an economic and a human story. Africa’s bid for economic self-reliance stands to benefit from a malaria vaccine.
Staff, 8:14 pm
A U.S. company that builds bulletproof cars has contracted to outfit four helicopters for South Africa’s Anti-Poaching Task Force. Heavily armed poachers have become more aggressive, firing on agents as they patrol overhead in helicopters. International Armoring developed lightweight, high-tech fiber materials which weigh up to to 60 percent less than traditional bulletproof armor. “Just like the cars, our focus (with the helicopters) is on the passenger compartment, allowing them time to react and get out of a dangerous situation,” the company president said.
Staff, 10:26 am
The World Bank has announced the launch of XL Africa, an acceleration program aimed at supporting 20 top digital startups from Sub-Saharan Africa. XL Africa will run over five months and startups will be put through a tailored curriculum, while receiving mentorship and the chance to attract early-stage capital of between US$250,000 and US$1.5-million. The program will […]
Staff, 10:25 am
Venture Capitalists are becoming more and more interested in investing in African startups, and this is only expected to increase over the next few years. According to Clarium Capital founder Peter Thiel, entrepreneurs should look for secrets where no one is looking and turn them into business opportunities. Thiel says it best in his book: […]
Staff, 8:52 am
Paris & Co, the economic development and innovation agency of Paris, and Meltwater Entrepreneurial School of Technology (MEST) signed an MoU (memorandum of understanding ), underpinning France’s recognition of Ghana’s potential in new technologies and its support of the West African country’s startup ecosystem. A statement by the French Embassy in Ghana says the African […]
Ann Brown, 1:20 pm AFKI Original
Two young women hope to unite the Sudans with a digital media model for post-conflict Sudan. Sudanese internet use is robust. Sudan ranked No. 41 out of 201 countries for internet penetration. It has more internet users than Belgium. These entrepreneurs must overcome challenges unheard-of in the west.
Peter Pedroncelli, 7:36 am
President Donald Trump’s proposed plan to cut foreign aid funding to African countries by 28 percent provides an opportunity for nations such as Liberia to stand on their own and take responsibility for the well-being and future of their people. In March the American president unveiled a plan to cut funding for the State Department and USAID. The budget proposal will see a massive cut in funding to African beneficiaries, with West African nations such as Liberia set to lose out on a significant amount of aid from the U.S.
Tom Jackson, 1:00 am AFKI Original
South African startups were the most popular in Africa for investment in 2016, with Cape Town and Johannesburg establishing themselves as hubs. Junk status could have a serious impact on this. Michael Jordaan, former CEO of South Africa’s First National Bank, is now an investor in innovative tech startups. The ratings downgrade is bad news for the economy as a whole but startups will be less affected than larger firms, he told AFKInsider. “Startups need to dominate a niche at first and in this sense the macro economy is a very small factor,” he said. “Startups should take comfort that they will survive and thrive if they keep their customers happy.”
Ann Brown, 11:23 am AFKI Original
Tired of seeing Africa portrayed in a negative light, Diane Audrey Ngako left her Paris job as social media editor at Le Monde to start her own digital media platform. Visiter l’Afrique is all about Africa’s assets and opportunities. Interactive and collaborative, the site is dedicated to African tourism and culture. “Africa is mainly represented by non-Africans,” Ngako told AFKInsider. “They usually talk about a sordid continent where only famine, wars and poverty happen. It’s time for us to portray the Africa we know, the Africa we see. The Africa of our dreams.”
Peter Pedroncelli, 9:29 am
South African Reserve Bank governor Lesetja Kganyago believes that the country is still capable of thriving despite being downgraded to junk status by two credit ratings agencies in the past few weeks. President Jacob Zuma upset markets and triggered downgrades from both S&P Global Ratings and Fitch Ratings to BB+ after his surprise cabinet reshuffle at the end of March, which included the removal of respected finance minister, Pravin Gordhan.
- Real Estate