Tag Archives: Africa
Africa: Latest News
Bridget Williamson, 3:59 pm
Victoria Falls gets all the attention when it comes to waterfalls in Africa, and deservedly so. It’s not the highest or the widest waterfall in the world, but it’s the biggest — about twice the height of North America’s Niagara Falls and more than twice as wide. Africa has other fabulous waterfalls that many people don’t know about. They’re on the periphery of the beaten path in regions previously overlooked or ignored. Some are hard to reach. They’re among the most underappreciated aspects of Africa’s natural heritage.
Tom Jackson, 9:51 am AFKI Original
In 2017, expect more African reverse innovations that address local challenges and have global applications. Expect more drones. More Africans connected to the internet. Expect the calls for faster, cheaper internet to grow louder in 2017. Four key players in the African tech space talked to AFKInsider about what they know for sure and what they’re looking forward to in 2017: BRCK co-founder Erik Hersman, project Isizwe founder Alan Knott-Craig, Jumia co-CEO Jeremy Hodara and Ovum analyst Danson Njue.
Staff, 5:31 pm
In KwaZulu-Natal the strongest activity is along the North Coast from Durban to Ballito — popular among investors. Residential development in upscale areas such as uMhlanga and Sibaya is enormous, prompting converns of oversupply, but home prices are expected to increase. Durban’s North and South Beach areas, including The Point, have increased as popular residential areas, thanks in part to the general upgrade to the Promenade.
Dana Sanchez, 4:55 pm
In Burundi, where just 5% of people have electricity, a new 7.5-megawatt solar power plant is under construction. It’s expected to add 15% power generation capacity to the East African country. The groundbreaking was held Thursday in Mubuga. The solar plant will be built on 42 acres, 65 miles from the capital of Bujumbura. Mubuga has never had electricity and is 6.8 miles away from the power grid. Its residents have depended on candles, lanterns, firewood and charcoal since time immemorial.
Staff, 12:17 pm
Nigeria should be witnessing major investment into its commercial property industry, given its large economy relative to the rest of the continent, its population, which is more than 184 million people and its general development potential. Yet its reliance on oil and its volatile currency had hindered investment. South African investment groups invested in Eastern Europe at the expense of opportunities closer to home, to the tune of around $1.5 billion in 2016. This was more than the total investment volumes recorded in Kenya, Nigeria and Ghana for the past five years or so.
Dana Sanchez, 6:42 pm AFKI Original
Large numbers of Chinese migrants have followed the money to Africa, but no one really knows how many — not even close. Estimates range from 250,000 to 2 million. Experts say informed guesses are anything from speculative to “very problematic.” It’s a problem because inaccurate claims about the Chinese migrant population can contribute to xenophobic election rhetoric and violence, says a migration researcher. In many countries, statistics on migration are incomplete, out of date or nonexistent. “Statistics are political,” a stakeholder said. The data may be out of date but it’s the only data we’ve got.
Dana Sanchez, 1:15 pm
Tourism has been the fastest-growing sector of The Gambia’s economy until now, accounting for 18-to-20% of the country’s revenue. The country, population about 2 million, is marketed to vacationers as “the smiling coast of West Africa.” In the wake of the current political unrest, tourism revenue will likely fall 50%, a stakeholder said. The sector will have to rebuilt just as it was after the 1994 coup that brought longtime ruler Yahya Jammeh to power. “I feel sorry for everybody here,” an evacuating Brit said. “It’s going to take years for tourism to pick up again.”
Dana Sanchez, 1:43 pm AFKI Original
Barack Obama’s 2008 election as U.S. president inspired millions of Africans with hopes that strong ties to Kenya, country of his father’s birth, would mean increased U.S. involvement. Some believe Obama will leave office Jan. 20, 2017, falling short of those expectations. He has been blamed for not making African issues a top priority of his foreign policy. Others say he leaves a lasting legacy that will live on — especially in Africa’s young leaders.
Peter Pedroncelli, 8:00 am AFKI Original
African heads of state and politicians make use of social media to communicate with peers and the people which they serve. Twitter is becoming a popular short-message platform in which to connect with the masses, and Donald Trump is not the only world leader that loves to communicate with posts of under 140 characters. From South Africa to Nigeria, the high profile African heads of state tweet, retweet and reply to followers, offering their opinions on many issues while advancing their own agendas through social media. Here are 12 African heads of state who are on Twitter.
Dana Sanchez, 5:02 pm
In a sign that local credit ratings are becoming more lucrative in Africa, U.S. buyout firm Carlyle agreed to become the largest shareholder in Africa’s largest rating agency. GCR rates more credits on the continent than giants Fitch, Moody’s and S&P. Growth is constrained in the present credit ratings system, said the president of the BRICS New Development Bank. The Big 3 rate over 90% of the global sovereign ratings market. GCR specializes in national-level ratings, which rely less on a country’s sovereign rating.
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