Angola is taking the world by surprise. With the recent explosion of advancements in healthcare, technology, and transportation the continent is seeing a major shift in the way of life. Luanda even now takes the number one spot for the most expensive city in the world for expats. Becoming one of the world’s most expensive cities isn’t always perceived as a positive. This is especially true for the native people of Luanda who are also affected and not yet adjusted to the big change in economy.
Politics: Latest News
Peter Pedroncelli, 7:13 pm
It may seem counter-intuitive, but Africa’s richest man, Aliko Dangote has been quoted as saying that he wishes for the oil price to remain low, with his oil-rich Nigerian homeland in mind. Speaking at the United Nations general assembly in New York, the business leader told investors about Nigeria’s potential as an agricultural powerhouse, as well as his prayers with regards to the oil price
Kurt Davis Jr., 4:31 pm AFKI Original
Betting on oil and gas prices these days is part-art and part-fun for bankers and investors, but major oil giants Total seem to be backing East Africa. Numerous pipelines for oil and gas are under construction across the African continent, and may be something for investors to monitor closely. Gas is the third largest fuel source in the global primary energy mix and the second largest source in power generation, contributing 24 percent and 22 percent to each market respectively
Kurt Davis Jr., 9:47 am AFKI Original
The re-election of the People’s Movement for the Liberation of Angola (MPLA), and a brave decision by Jose Eduardo dos Santos to step down should be celebrated, but with this development comes a list of opportunities and challenges. The stepping down of President dos Santos should not be understated for its rarity in the context of politics in other sub-Saharan African countries.
Peter Pedroncelli, 10:14 am AFKI Original
Africa is home to some of the strongest militaries in the world, with one North African country in particular featuring in the top 10 of the global list. Global Firepower produces an annual military ranking that takes into account 50 factors to determine a list of the most powerful armies in the world from a selection of 133 countries. Here are the 13 African countries with the strongest militaries.
Peter Pedroncelli, 5:50 am
South Africa and Russia have reportedly signed a cybersecurity cooperation agreement that will see the two BRICS nations working closer together in an effort to strengthen their defenses against cyber threats. The deal was officially signed at the BRICS summit in Xiamen, with high level diplomats from both countries, Sergey Lavrov of Russia and Maite Nkoana-Mashsbane of South Africa, putting pen to paper on the agreement.
Peter Pedroncelli, 1:03 pm AFKI Original
Mobile operators in sub-Saharan Africa have a unique set of challenges that they face in the region, but if they manage to overcome these obstacles, success awaits. Sub-Saharan Africa is home to many mobile operators who have dominated their markets, from Vodacom in South Africa to Safaricom in Kenya, but that dominance has not come easy. Now a fresh set of issues stand in the way of further success on the continent.
Peter Pedroncelli, 11:36 am
It is no secret that countries with the slowest broadband speeds globally have a distinct disadvantage over others with regards to development and business capabilities. New research from British company Cable, looked at over 63 million broadband speed tests across the globe to determine the slowest broadband speeds based on country averages. Yemen is in last place in the ranking at an average speed of only 0.34Mbps, but a number of African nations disappoint with slow speeds.
Peter Pedroncelli, 3:17 am
Ahead of Africa Code Week 2017, which will take place throughout the continent in late October, hundreds of teachers in Zambia have learned basic coding skills. Thanks to a partnership between Africa Code Week and software development group SAP, over 350 teachers in Zambia now have a basic level understanding of how to code, and will be able to pass that knowledge on to students in October.
Kurt Davis Jr., 8:02 am AFKI Original
The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result. The year 2017 has been a partial year of recovery or adjustment, but there remain a selection of African economies that continue to experience issues with their currencies as a reflection of the problems that are affecting them at home. Here we take a look at four prime examples.
Nigeria Bans Foreign Professionals Without Nigeria Certification As Move Tp Boost Boost Technological AcquisitionBy Staff, 8:30 am
The Federal Executive Council, FEC, approved a new policy that for any foreign professionals to practice in Nigeria, they have to be registered and certified. This is as the Federal Government has declared a state of emergency on science and technology to boost technological acquisition for the industrial growth of the country. To attract foreign industries, the Federal Executive Council has approved tax rebate which will serve as an incentive for pioneer industries operating in Nigeria.
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