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  • Why More African Governments Must Commit To Affordable Internet

    Internet Users - African governments commit to affordable internet By Tom Jackson, 11:52 am AFKI Original

    In most of the developed world, reliable internet costs less than 1% of average monthly income. In Africa, it’s 18%. Governments are vital to drive down internet prices in Africa, stakeholders say. When connectivity costs drop to 2% of monthly income, reaserch shows the internet becomes accessible to all. Just five of 27 African countries surveyed have achieved the 2% affordability target. Free internet access is the simplest way to tackle economic inequality, a stakeholder said. “It allows people to find and apply for jobs, start online businesses, and generally engage with the economy around them.”

  • Liverpool’s Sadio Mane Left Out Of PFA Player Of The Year Shortlist

    PFA Player of the Year By Peter Pedroncelli, 7:23 am AFKI Original

    The Professional Footballers’ Association announced their shortlist for the annual PFA Player of the Year award on Thursday, with six English Premier League stars on the list, but Liverpool’s Senegalese player Sadio Mane was not included. The Teranga Lions attacking player has been in impeccable form at Anfield this season after joining the club in an African record deal worth around $45.1 million.

  • 12 Things You Didn’t Know About South Africa’s New Finance Minister Malusi Gigaba

    Malusi Gigaba is a patron for Hope Hospice. Photo: BizNews By Peter Pedroncelli, 1:19 pm AFKI Original

    Following the turmoil of the last few weeks in South African politics, and an unpopular cabinet reshuffle imposed by president Jacob Zuma, the country has a new finance minister, with Malusi Gigaba now in charge of treasury. Popular previous minister Pravin Gordhan was axed from the role, and Gigaba is expected to fill the void left by the hard-working MP who Zuma saw as a threat. We take a look at 12 things you might not know about South Africa’s new finance minister, Malusi Gigaba.

  • The Top 10 Ranked African National Teams For April

    team of the tournament - Egypt striker Mohamed Salah. Photo: beIN Sports By Peter Pedroncelli, 7:02 am 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 April, according to the FIFA ranking.

  • Low Asset Prices Present Investment Opportunities In Lusophone Africa

    investment opportunities in Lusophone Africa By Kurt Davis Jr., 2:33 pm AFKI Original

    Investors are strategically betting on the upside in Francophone Africa due to strong economic growth rates and a stable CFA franc. Lusophone Africa also presents opportunity. Low assets prices have replaced the exorbitant numbers of the oil-and-gas heyday, particularly in Angola and Mozambique. Debt restructuring can restore some confidence in Mozambique’s economic system. Private investors are finding a government more willing to deal on better terms, and companies that are pricing assets at fairly digestible prices.

  • Kwesi Appiah Re-Appointed As Ghana National Team Coach

    Ghana national team By Peter Pedroncelli, 5:09 am AFKI Original

    The Ghana national team will see the return of a familiar face, with coach Kwesi Appiah re-appointed to the role he left after the 2014 World Cup. The 56-year-old softly spoken Ghanaian assumes control of the Black Stars following the departure of former coach Avram Grant, who resigned following the 2017 Africa Cup of Nations in Gabon in February. The Ghana Football Association (GFA) made the announcement this week, with a two-year contract that will officially begin on May 1.

  • Uber Fighting On All Fronts In Africa As New Competitors Emerge

    Uber Africa new competition By Tom Jackson, 8:48 am AFKI Original

    Uber says there’s enough room in Africa for all types of taxi and ride-hailing services. The US-based tech company headed off early competition on the continent, but new competitiors are rising. Uber hypes up the competition, saying it means more choices that are affordable, reliable, and produce jobs. One new Uber competitior, Africa Ride, offers drivers a share in the business, saying it empowers them more than Uber does. “Drivers will want to log in on the app which they own and have control over,” said Africa Ride founder Thabo Mashale.

  • 13 African Countries With The Lowest Central Bank Interest Rates

    Central Bank By Peter Pedroncelli, 2:18 am AFKI Original

    Many countries in Africa have extremely high central bank interest rates compared to most of the world, but there are some who boast lower rates that compare favourably on a global scale. Lower interest rates allow the people of that country to be able to afford loans and pay them back at more favourable rates versus countries where the interest rates are much higher. In comparison, the United States federal reserve has an interest rate of 1 percent, while the United Kingdom’s rate is currently set at 0.25 percent. We take a look at 13 African countries with the lowest central bank interest rates.

  • The Anglos Are Coming To Francophone Africa With An Appetite For Investment

    Anglos investing in Francophone Africa By Kurt Davis Jr., 10:13 am AFKI Original

    The Anglos have an apparently insatiable investment appetite for the region. Gabon will no longer fly under the radar after Washington, D.C.-based Carlyle Group — the world’s largest private equity fund — purchased Royal Dutch Shell’s onshore assets in Gabon for $587 million. Petroleum services, infrastructure and timber are rising on the radar for crafty investors in Gabon. Financial services and ICT too. Gabon is a stable provider of services and networks to neighboring countries. Here are six other Francophone African countries investors are looking at.

  • 13 African Countries With The Highest Central Bank Interest Rates

    Interest rates in Africa By Peter Pedroncelli, 3:05 am AFKI Original

    Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.

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