Features: Latest News
Dana Sanchez, 10:53 am AFKI Original
The annual survey evaluates the top 100 brands in Africa based on consumer responses via mobile text messaging. Results show that non-African brands strengthened their positions in Africa, while African brands’ share among most admired brands dropped from 23 percent to 16 percent. “It is a great concern that the share of African brands is so low and even declining,” said the founder of Brand Africa. “It is a wake-up call for African governments to create enabling environments to support entrepreneurs.”
Peter Pedroncelli, 4:26 am AFKI Original
New Leicester City signing Wilfried Ndidi of Nigeria was presented this week with the Belgian Goal of the Year award for a stunning strike that he scored last year while representing his former club Genk. The midfielder scored the long-range effort in a Belgian top-flight match against rivals Club Brugge while playing for Genk in the 2015-16 season, before he left the club for the English Premier League in January this year.
Peter Pedroncelli, 1:35 am AFKI Original
Zimbabwean business mogul Strive Masiyiwa has been incredibly successful in his career as an entrepreneur and investor, with business interests worldwide showing his pedigree as a businessman. The founder and CEO of telecoms company Econet Wirless is Zimbabwe’s richest man, and continues to use his fortune for philanthropic pursuits throughout the African continent, with education among the youth proving to be a particular passion for the British educated Masiyiwa. Here are 12 things you may not know about Zimbabwean businessman Strive Masiyiwa.
Tom Jackson, 12:55 pm AFKI Original
U.S. firms are suspicious of non-homegrown products, whereas Germany had a more positive view of Africa, says a South African fintech manager. “No technology product, no matter how cool, sells itself,” she said. The CEO of an African blockchain startup hopes to start doing business in Hollywood and Bollywood. He encourages new startups expanding internationally to “develop the narrative around their product, unique value proposition, back story, and successes.”
Peter Pedroncelli, 3:20 am AFKI Original
Africa loves soccer, and the popularity of the sport has inevitably attracted soccer sponsors that provide funds in the form of sponsorship deals to be associated with the various competitions taking place around the continent. These global and local brands are important to the development of the sport, ensuring that the most popular brands on the continent are associated with the regional and continental competitions that command the most attention and support from fans. We take a look at 12 soccer sponsors that are involved in sponsorship of the beautiful game on the African continent.
Kurt Davis Jr., 10:34 pm AFKI Original
Equatorial Guinea is not the easiest place to get to, or the easiest place to understand. Sub-Saharan Africa’s third-largest oil producer is aggressively spending oil revenue on building roads, schools, hospitals and housing. First-time visitors to this closed, mysterious country will encounter easily navigated highways. The government is constructing Oyala, a planned city deep in the rainforest, to possibly replace Malabo as the capital. Oyala will feature new government buildings, a university, five-star hotels and conference centers. Kempinski, one of Europe’s oldest luxury hotel groups, plans to operate the first Oyala hotel and golf resort.
Tom Jackson, 2:19 pm AFKI Original
Just 2% of retail transactions in Africa are electronic. Cash is still king and small transactions — less than $2 — have hindered the growth of mobile money outside of its Kenyan heartland. The value of M-Pesa and similar services is questionable for Africans living on just a few dollars a day. The average M-Pesa transaction value is closer to US$30. It’s unsustainable for agents to serve lower-income segments. They can’t afford to get down to the level of very small transactions, limiting the effect of mobile money on the bottom of the pyramid.
Peter Pedroncelli, 5:41 am AFKI Original
The allure of lucrative contracts continues to attract numerous African players to the Chinese Super League, with Nigerian striker Brown Ideye becoming the latest addition to the list of professionals swapping Europe for China. The Super Eagles attacker has completed a deal that will see him playing alongside national team captain John Obi Mikel at Tianjin Teda. The 28-year-old has made the decision to leave Greek side Olympiakos in favour of a three-year deal with his new side in China.
Peter Pedroncelli, 7:40 am AFKI Original
The rich will pay more tax. That’s one of the most riveting things to come out of South African Finance Minister Pravin Gordhan’s 2017 budget speech. Income tax increases across the board did not materialise, but wealthy South Africans will be taxed at a higher bracket. Taxpayers earning more than $115,000 a year will pay a 45% tax rate. Around 100,000 taxpayers will be affected. Investors and global credit agencies were keen to hear Gordhan’s speech — his second one in his second stint as finance minister. Here is a closer look at 12 things you should know about the 2016 South African budget speech.
Dana Sanchez, 2:43 pm AFKI Original
South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.
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