Africa is not new to crowdfunding success stories, with the idea of funding a venture or idea by raising money through many small contributions via the Internet striking a cord among Africans – Ubuntu at its finest. There have already been a number of wonderful examples of how crowdfunding can prove to be an ingenious and resourceful way in which to raise capital for one reason or another. We take a look at 12 crowdfunding success stories that have emerged from the continent.
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Tom Jackson, 10:06 am AFKI Original
Vancouver tech innovator Barrett Nash was drawn to Rwanda for its repuation as an easy place to start a tech business. Rwanda issues entrepreneur visas to foreigners. It’s a lab-like environment where innovations can be cooked up and then brought to other African markets, Nash said. “Many startups try to conquer a market before they’ve mastered a product. A startup needs to grow into markets like Lagos and Nairobi, but getting the product right first is more important. Rwanda has created a continent-leading platform for taking this first pivotal step.”
Mongabay, 12:37 pm
An 8-pound monkey can cost $105 in Paris compared to $5.37 in Cameroon. In Europe’s biggest cities, demand for exotic delicacies or a “taste of home” drives a trade in African bushmeat that is as yet unquantified. African traffickers can get high prices for increasingly rare African species. The influx of bushmeat is small compared to the greater crisis in Africa. “Africa is eating its forests and we are looking at empty forest syndrome,” a stakeholder said. As African species get rarer and fetch a higher price abroad, Europe and the U.S. could become bigger bushmeat markets.
Peter Pedroncelli, 9:37 am AFKI Original
Egypt national team coach Hector Cuper has named his first squad since the Pharaohs lost in the final of the 2017 Africa Cup of Nations (AFCON) in Gabon, falling 2-1 to champions Cameroon at the beginning of February. Determined to refocus and put the disappointment of finishing second in the continental showpiece competition behind him, the Argentinian coach called up 25 players for national team duty in a friendly international against Togo set for next week.
Peter Pedroncelli, 3:51 am AFKI Original
Nigerian international Victor Moses has withdrawn himself from the Nigeria squad to face two friendly international assignments in the coming days, infuriating coach Gernot Rohr. The Chelsea player injured his calf muscle during the London team’s 1-0 FA Cup quarter-final victory over Jose Mourinho’s Manchester United, and as a result he will miss two matches for the Super Eagles.
Reuters, 10:52 am
The deal includes 820 Chevron and Caltex gas stations, 220 convenience stores across South Africa and Botswana, a refinery in Cape Town, a lubricants plant in Durban, and other oil storage facilities. The Chinese firm says it will keep jobs and company names intact for up to six years before launching a rebranding strategy. Sinopec was the last remaining bidder in an auction to sell Chevron Corp’s South African assets and its subsidiary in Botswana. The auction lasted more than a year and drew interest from French oil firm Total and commodity traders Glencore and Gunvor.
Peter Pedroncelli, 5:14 am AFKI Original
Marc Wilmots has been appointed the man in charge of guiding Cote D’Ivoire towards their World Cup and Africa Cup of Nations (AFCON) qualifying targets as coach of the national team. Former Belgium national team coach was confirmed as the Elephants’ tactician this week by the country’s soccer federation. The 48-year-old begins his new post immediately, taking over from caretaker coach Ibrahim Kamara, who replaced Frenchman Michel Dussuyer when he was sacked following the 2017 AFCON failure.
Dana Sanchez, 11:34 pm
Angola has pushed Egypt out of second place in Africa for number of hotel rooms under construction. Angolan tourism is thriving internally, but the former Portuguese colony isn’t attracting many international tourists. Education is one way African professionals can add value to hospitality and tourism, and carve out a niche that reflects national character, tradition, and culture. Angola’s College of Hospitality Management train locals as game reserve and safari lodge managers. This is how Africa’s hospitality sector should mature. Private equity investors should take notice.
Dana Sanchez, 3:40 pm
Passengers flying nonstop to the U.S. on 9 carriers from airports in Egypt, Morocco, and six other Middle Eastern countries will not be allowed to bring electronics larger than cell phones in carry-on baggage. This is in response to unspecified terror threats and will be effective indefinitely, senior Trump administration officials said. Would-be terrorists “are aggressively pursuing innovative methods to undertake their attacks, to include smuggling explosive devices in various consumer items,” the U.S. Department of Homeland Security said Tuesday.
Dana Sanchez, 3:22 pm AFKI Original
Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.
Peter Pedroncelli, 1:45 pm AFKI Original
Major League Soccer in the United States continues to be a popular league for many professional soccer stars from around the world, including some of the best African players. The current season is no different, and African players remain a sought after commodity within the MLS due to their ability to contribute quality performances for their American clubs in the top-flight.
We take a look at 12 African players to look out for in American Major League Soccer.
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