Features: Latest News
Dana Sanchez, 7:17 pm AFKI Original
500 Startups invests 70% in the U.S. The rest of its deals are in 60 other countries and the VC fund has its eyes on Africa. “We continue to look for and source deals from traditionally underrepresented ecosystems,” said 500 Startups founding partner Dave McClure. Geeks on a Plane has done 17 tours. This will be its first in Africa. “We are looking to build stronger relationships with investors on the ground, maybe even find a few startups to invest in.” 500 Startups has invested in 1,700-plus companies. The tour is a way for startups, investors, and executives to learn about high-growth tech markets.
Peter Pedroncelli, 2:28 am AFKI Original
The Chinese Super League has become an attractive top-flight competition for players from around the world thanks to the lucrative contracts being offered to those willing to call China their new home. The recent list of world class players dedicating their immediate futures to a new soccer adventure in China has boosted the league, with numerous African players making the decision to join clubs in the country. We take a look at 12 African soccer professionals who are now playing in the lucrative Chinese Super League.
Tom Jackson, 12:09 pm AFKI Original
ShowMax’s European launch is proof that its hyper-local video-on-demand concept, pioneered in Africa, has wider application, says ShowMax Africa head Chris Savides. The cost of mobile data may be the biggest factor affecting the uptake of subscription video-on-demand on the continent. A number of services have tried and failed. It’s not an easy business because it’s not just about the technology, but also about understanding customer needs and content. “It may be that your niche isn’t the type of content but how you deliver that content in a way nobody else is doing,” Savides told AFKInsider.
Peter Pedroncelli, 4:10 pm AFKI Original
African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of March, according to the FIFA ranking.
Kurt Davis Jr., 10:24 am AFKI Original
Mauritania requires no royalty payments, which is not the norm. This is a benefit for oil, gas and mining explorers anxious about paying royalties when commodity prices are unpredictable. Mauritania’s corporate income tax rate is relatively low at 25% — a plus in a region where the tax and fiscal systems can change any investor’s outlook on risk and reward. Large government irrigation projects have aided agricultural production in the desert. Israeli technology and cropping strategies have had some success in other parts of Africa. There is potential here, but it requires investment in technology — not always a priority in agriculture.
Peter Pedroncelli, 2:22 am AFKI Original
Africans who tweet don’t like to talk about brands nearly as much as their American counterparts. Instead, Africans are increasingly talking politics as Twitter comes of age in Africa, according to a London-based communications firm. Previous research showed that Twitter in Africa was more of a space for social interaction. Now serious debate about politics and government prevails. Twitter continues to be one of the most popular social networks available in Africa, enabled through a heavy mobile usage and apps that cater to smartphone users.
Dana Sanchez, 11:52 am AFKI Original
Africa has been reluctant to adopt GM food technology for crop production, but that’s changing. Many African countries are willing to overcome domestic and international opposition to GM technology to boost their agriculture sector. Just four African countries allow GMO crops for cotton. In Africa, only South Africa grows GM food. Opponents urge African countries not to commercialize GM crops, saying it will put their agricultural sector in the hands of large multinational agri-businesses and hurt biodiversity. Proponents say GM crops are as safe.
Peter Pedroncelli, 6:26 am AFKI Original
Italian Serie A side Inter Milan are aiming to secure the transfer of Egyptian winger Mohamed Salah from top-flight rivals Roma in the upcoming summer transfer market window. The talented Egyptian has been a top performer for the club from the capital during the current campaign, and as a result he is an interesting prospect for teams looking to strengthen their attacking lines for next season. According to Italian reports linking the Nerazzurri from Milan with the 24-year-old Egyptian international, the Italians previously monitored the youngster’s progress when he was still with FC Basel, before joining Chelsea in the English Premier League.
Peter Pedroncelli, 7:37 am AFKI Original
AFCON-winning coaches Herve Renard and Hugo Broos are among the final candidates being considered for the unoccupied position of South African national team coach, with a final decision set to be made in the coming days. Broos, who is currently Cameroon coach, and Renard, who is in charge of Morocco, are both successful tacticians as far as the continental game is concerned. Belgian coach Broos masterminded a stunning Africa Cup of Nations title triumph for the Central Africans in Gabon last month month, where Cameroon managed a 2-1 victory over favourites Egypt in the final to earn their fifth AFCON trophy.
Peter Pedroncelli, 5:10 am AFKI Original
South Africa’s Springbok Sevens team, known as the Blitzboks, won the Las Vegas sevens tournament on the weekend, making it their fourth title in five tournaments so far this year, giving them a decisive 23-point lead at the top of the HSBC World Sevens Series standing. Interestingly, the one out of the five tournaments thus far that the South Africans did not manage to win came in Cape Town, their home tournament, where they lost in the final to a determined England side.
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