Tag Archives: Africa

Africa: Latest News

  • US’s NBA To Open First African Basketball Academy In Senegal

    African basketball academy By Dana Sanchez, 2:32 pm

    The U.S.’s National Basketball Association is on a fast track to build a brand in soccer-crazy Africa. The NBA held its first game in Africa in August 2015.
    Now it’s launching its first African basketball academy for boys and girls. This will be the NBA’s sixth academy globally. This is its latest move to unearth talent from outside the U.S. and extend the league’s reach into new territories. Amadou Gallo Fall, the NBA’s vice president for Africa, is originally from Senegal.

  • Nigeria, Angola And Debt: Borrowing Big To Support The Budget In 2017

    Nigeria, Angola and debt By Kurt Davis Jr., 10:11 am AFKI Original

    It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.

  • Why Prince Harry Is In Love With Lesotho, ‘Kingdom Of The Sky’

    in love with Lesotho By Dana Sanchez, 2:53 pm

    Sentebale means “forget me not” in in Sesotho, the language of Lesotho. That’s the name of Prince Harry’s charity, which helps the littlest victims of Lesotho’s HIV/AIDS epidemic. Harry stars in a new documentary about Lesotho. On his first visit, he was struck by Lesotho’s raw beauty, but also by the many children whose lives were shattered by HIV. Lesotho is often overlooked by travelers to Africa, but once people venture within its borders, they fall in love with the country, writes Lucy Corne for AFKTravel.com.

  • Coca-Cola Pays $3.15B To Buy Out AB InBev From Their African Bottling Joint Venture

    African bottling joint venture By Dana Sanchez, 12:45 pm

    Coca-Cola and AB InBev are the world’s largest makers of soft drinks and beer, respectively. Africa is important for Coke because soft drink consumption continues to grow on the continent. Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa. With little room left for AB InBev to grow meaningfully in beer, bankers speculate the deal-hungry mega brewer may eventually move into soft drinks. That could put Coke at the top of its list.

  • 1 In 4 African Airbnb Properties Is In Cape Town: How It’s Changing The Way People Buy Homes

    African Airbnb properties By Dana Sanchez, 11:43 am

    Disruption is expected to pick up in South Africa’s real estate industry in 2017, a stakeholder says. South African homeowners increasingly want to earn income from their real estate investments. Airbnb — a website that lets homeowners rent out space in their homes — is making it easier to do so. This is expected to impact how people buy property as they look for homes that will double as vacation rentals.

  • Why Are Comcast, Tencent Investing In A Nigerian Payments Startup, And What’s The Trump Connection?

    Nigerian payments startup By Dana Sanchez, 8:34 am

    Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has secured $1.3M seed funding from investors including Tencent and Comcast Ventures. China’s Tencent is 46% owned by South African media company Naspers. Comcast is the largest broadcasting and cable TV company in the world. Donald Trump said he intends to keep business ties to Comcast, staying on as executive producer for the spin-off of Comcast affiliate NBC’s “Celebrity Apprentice” series.

  • Volkswagen To Begin Auto Assembly Again In Kenya After 40 Years

    Kenyan Volkswagen auto assembly By Dana Sanchez, 9:39 am

    The Kenyan production facility will be Volkswagen’s third on the continent. Volkswagen hasn’t assembled cars in Kenya since the 1970s when it manufactured the Beetle model. Kenyans overwhelmingly buy second-hand imports. Used car sellers account for about 80% of total vehicle sales. VW is expanding in Africa to tap the enormous growth potential of the African new car market. The cars will be assembled in Kenya using vehicle kits imported from VW’s South African plant.

  • African Immigrants Are Leaving China As Economic Opportunities Shrink

    African immigrants are leaving China By Dana Sanchez, 11:42 am

    With 13.5M people, Guangzhou, China, is one of the most populous metropolitan areas on Earth, and it’s though to have Asia’s largest African population. Formerly known as Canton, the city was home at one point to up to 200,000 Africans, although that number has been disputed. One trend seems undisputed. The African population in Guangzhou is shrinking. Africans are leaving for greener pastures elsewhere in Asia.

  • Who Is South Africa’s Steve Biko And Why Is He On A Google Doodle?

    By Staff, 9:19 am

    South African anti-apartheid activist Steve Biko would have been 70 years old today. He was killed at age 30 by South African police while in detention. Biko fought to promote black consciousness during apartheid. While in medical school, he co-founded South Africa’s Black Consciousness Movement, which rejected apartheid and encouraged pride in racial identity and cultural heritage. Google is honoring the memory of Biko today with a doodle, altering the logo on its homepage. Apart from Nelson Mandela, nobody symbolized the struggle against the apartheid more than Steve Biko.

  • Opinion: Be Patient With Trump In Africa. First He Has To Make America Great Again

    Trump in Africa By Kurt Davis Jr., 11:34 am AFKI Original

    Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.

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