Features: Latest News
Peter Pedroncelli, 5:20 am AFKI Original
The French Ligue 1 enjoys a long history of attracting quality soccer players from all over Africa. The 2016-17 season in France is proving to be exciting, with players from the continent determined to contribute quality performances for their French clubs in the top-flight. Here are 12 African players to look out for in the French Ligue 1 this season.
Tom Jackson, 9:29 am AFKI Original
E-commerce in Africa is a very long-term play indeed. Aside from issues with logistics, there are also problems with online payments, which still suffer from a lack of trust, and the sheer fact Africans still prefer to shop online. Moreover, fewer than 30 per cent of Africans have internet access. The Nigerian e-commerce powerhouses, however, have their eyes on a far greater prize, and are prepared to stomach losses for a number of years.
Kurt Davis Jr., 3:41 pm AFKI Original
Sub-Saharan African banks are late to the party. More than 75% of Africans lack access to traditional banking. Fintech offerings with the most potential are the ones that address the unbanked and underserved. Addressing Africa’s poor is impactful and a money maker, but it’s also time-consuming — something to consider if you want a quick return. Africans may be quick to try a mobile app or technology but end users are not always quick adopters. Here are five sub-Saharan markets with the most opportunities in fintech.
Peter Pedroncelli, 5:07 am AFKI Original
The 2017 Nations Cup is around the corner, and unfortunately any players who suffer injuries at this late stage risk missing out on the showpiece continental tournament entirely. This is the case with Cote D’Ivoire star Gervinho, who this week suffered a knee cruciate ligament rupture in training with his Chinese Super League side, Hebei Fortune.
Ann Brown, 9:47 am AFKI Original
The African poultry sector is growing, especially in Tanzania. Eugene Paul Kavishe grew his poultry operation from 300 birds to 15,000 egg layers, thanks in part to U.S.-sponsored entrepreneur programs. Getting financing has been one of his biggest challenges. “Local financial institutions term agriculture as a very risky business,” he told AFKInsider. In 2014 he was chosen for Obama’s Young African Leaders Initiative. YALI offers African entrepreneurs a once-in-a-lifetime experience and a wealth of business knowledge, he said. “I hope that it will continue (in the next U.S. administration).”
Peter Pedroncelli, 6:02 am AFKI Original
Despite all of the issues plaguing South Africa at the moment, the country may manage to avoid a ratings downgrade in 2016. After surviving the potential downgrade of the country’s investment grade credit rating in June this year, the ratings agencies are set to pronounce judgement on South Africa once again in the coming months, and there is a risk that the country could be downgraded to below junk status. Here are 12 reasons why South Africa will avoid a ratings downgrade this December.
Dana Sanchez, 12:48 pm AFKI Original
New vehicle sales continue to fall in South Africa. The industry needed a creative idea to invigorate its local auto market, excite domestic motor enthusiasts, and appeal to people across sectors. The solution? A Cape Town Motor Show that promoters promise will rival motor shows in Paris, Tokyo, and New York. The show will go over well, a promoter predicts. “People are hungry. People always want to drive a better car. The mood is very positive.”
Peter Pedroncelli, 6:31 am AFKI Original
Belgian coach Georges Leekens has been confirmed as the new man in charge of the Algeria national team. The former Tunisia and Belgium coach takes over from Milovan Rajevac, who was relieved of his duties as the head coach of the Fennec Foxes after a disappointing result in the opening match of the group stage World Cup qualifiers.
Kurt Davis Jr., 8:49 am AFKI Original
Japan has a favorable rating in many countries. The Chinese have been criticized for executing half-effort projects such as using poor quality materials on roads. China-Africa trade in 2015 amounted to about $180 billion — nearly 7.5 times more than Japan-Africa trade. African leaders are watching and appear willing to benefit from the sociopolitical competition between the two countries. If the numbers grow because of the “race to Africa,” Africa will benefit.
Peter Pedroncelli, 5:41 am AFKI Original
The shortlist for the Ballon d’Or award which recognises the best soccer player in the world was released this week, with two African players included among the 30 nominees. The two African players nominated for the award are Algerian Riyad Mahrez and Gabon’s Pierre-Emerick Aubameyang. Both were also recently nominated for the CAF African Player of the Year accolade, with the duo among the favourites to scoop the continental prize.
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