Features: Latest News
Kurt Davis Jr., 9:32 am AFKI Original
Infrastructure in Africa is at the forefront of investors’ minds. Private equity investors see great opportunity, especially in power projects. The Ivorian president is a former IMF economist. The Ivorian budget minister is a former Goldman Sachs trader, and they’re on the same wavelength. The Côte d’Ivoire economy is expected to grow 8-9% in 2017 and 2018. Strengthening infrastructure will be key in the next phase of the Ivorian growth story. The government plans to spend $60 billion on infrastructure through 2020.
Peter Pedroncelli, 5:29 am AFKI Original
Springbok rugby legend Joost van der Westhuizen passed away on Monday after struggling with with Motor Neurone Disease (MND) since his diagnosis in 2011. He was only 45. Van der Westhuizen was a multiple record holder during his time as a player for numerous famed Springbok teams and his beloved Blue Bulls franchise. At a time he was the most-capped Springbok with 89 tests and record try scorer with 38 tries for the South Africans.
Peter Pedroncelli, 9:57 am AFKI Original
The 2017 Africa Cup of Nations (AFCON) has come to an end, with the Indomitable Lions of Cameroon securing ultimate victory in the final over Egypt with a 2-1 win that few saw coming. The competition in Gabon was entertaining, providing fans of the beautiful game with action-packed matches to enjoy over the course of three weeks. A number of records were broken, while some interesting statistics came to light during the premier African national team competition. Here are 12 records and facts that emerged from the 2017 Africa Cup of Nations.
Peter Pedroncelli, 4:07 am AFKI Original
Cameroon have emerged from Gabon with their fifth Nations Cup title after a 2-1 comeback victory over Egypt in the final in Libreville on Sunday night. The Indomitable Lions were not expected to beat the Pharaohs in the decider, as Egypt had only conceded one goal throughout the tournament up to that point, and they were aiming to lift their eighth AFCON trophy with victory in Gabon.
Dana Sanchez, 3:22 pm AFKI Original
If Ant expands access to mobile money, it could mean that even more people will receive remittances on their mobile money accounts, and that will be good for Ismail Ahmed. Mobile money is disrupting remittances and making formal transactions easier, says Ahmed, a Somali entrepreneur and CEO of online money transfer service WorldRemit. Only 5% of remittances today are sent online. The rest is cash, paid over the counter or at agents. Online remittances are projected to grow six-fold to reach at least 40 percent in the next few years.
Peter Pedroncelli, 3:34 am AFKI Original
The Indomitable Lions of Cameroon managed a 2-0 win over the Black Stars of Ghana in the second semi-final played at the Stade de Franceville on Thursday evening, securing their place in the 2017 Africa Cup of Nations final against Egypt. Goals from Michael Ngadeu-Ngadjui and Christian Bassogog made sure of victory over a more favoured Ghanaian outfit, with captain Benjamin Moukandjo leading his charges by example with a fine display in midfield.
Dana Sanchez, 9:12 pm AFKI Original
Daniel Adidwa, founder and CEO of Tour 2.0, said he built a tourism company that creates new perceptions about Africa by exposing tourists to people living in communities once considered “no-go” zones. His tours of Alexandra Township — it’s next door to Sandton, Africa’s richest square mile — allow tourists to get an authentic experience of South Africa and its cultural diversity. Adidwa’s new Cocktails and Culinary tour of Alexandra continues to blast away at stereotypes.
Peter Pedroncelli, 4:31 am AFKI Original
Egyptian national team goalkeeper Essam El Hadary was named man of the match in Wednesday night’s 2017 Africa Cup of Nations (AFCON) semi-final victory over Burkina Faso at the Stade de I’Amitie in Libreville. The 44-year-old goalkeeper, who is now the oldest player to have taken part in an AFCON match, helped his side to a win over Burkina Faso after a 1-1 draw in normal time gave way to the lottery of penalties, with the Pharaohs winning the shootout 4-3.
Peter Pedroncelli, 2:15 am AFKI Original
The African continent is home to some of the fastest growing economies on the planet, with numerous nations on the continent among the top 10 best performing economies globally. The best performing economies in Africa have benefited from government policies and structural reforms, which have resulted in strong inclusive growth. According to the International Monetary Fund’s (IMF) World Economic Outlook for 2016, a long list of African economies were in line to achieve positive growth above 3% for the year 2016.
Kurt Davis Jr., 10:23 am AFKI Original
French cosmetics company L’Oreal has invested in organic beeswax in Mali, the surprise country for 2017. Economic growth should hover around 5-to-6 percent this year as agricultural production strengthens. Lack of investment or interest in the country in recent years means there are unexploited opportunities with many investors still sitting on the sidelines. Opportunities exist in cashews, biofuels, shea butter and cotton. This year should see some investors put cash into the country, especially in agriculture.
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