Tag Archives: Africa
Africa: Latest News
Staff, 1:01 am
As a Chinese official dangled the possible reward of $40-billion US in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade office by China’s rival, Taiwan. The Chinese diplomatic offensive has ramped up sharply since last year, when the independence-minded Democratic Progressive Party emerged victorious in Taiwan’s election. Since then, Beijing has lured two more African countries away from Taiwan’s embrace, while also battling to weaken Taiwan’s links to individual African politicians.
Dana Sanchez, 5:03 pm
Democratic Alliance opposition leader Maimane met this week with the Palestinian and Israeli business leaders to discuss how trade can be used for peace when politics fail. Zuma has endured overwhelming criticism from South Africans over corruption. Citizens voiced their displeasure at the polls in the August municipal elections. All major South African areas are now controlled by the DA except for Durban, Bloemfontein and Kimberley. Zuma needs a place to hide, a critic said. The narrative of the “oppressed” is a safe place for him.
Staff, 8:15 am
Blockchain has applications in industries other than financial services, a stakeholder says. Start-ups are already offering products that cover specific use cases. Interest was intense at the Gartner Symposium/ITxpo Africa in Cape Town. Most of us do not understand TCP/IP protocol, but that doesn’t stop us from surfing the web and exchanging emails. In the same way, clients will come to trust blockchain the same way they trust the Internet. Organizations starting now on a blockchain journey will have a first-mover advantage.
Dana Sanchez, 11:08 am
Microsoft co-founder and philanthropist Bill Gates invested $9 billion in Africa over the course of 15 years, and said he plans to spend another $5 billion there in the next five. The world’s richest man says Africa is proof that life is getting better for more people. His optimism is not universal. His funding of GMO research to improve crop yields and reduce famine has been controversial. Anti-GMO voices don’t deter him. Here are five reasons why Gates said he sees the glass as more than half full in Africa.
Dana Sanchez, 5:05 pm
The Asian strain of Zika responsible for the outbreak in Brazil and the U.S. has not been reported on the African mainland. Cape Verde has reported nine cases of the Asian strain. It’s not known if exposure to the African strain gives protection against the Asian strain. A $54.2 million grant in 2016 from the U.S. Department of Health and Human Services is funding a candidate Zika virus vaccine now in its first phase of trials
Dana Sanchez, 11:24 am
Built in China, paid for by China, built by Chinese, operated and maintained by Chinese — news media reports often describe the newly refurbished, high-speed Addis Ababa-Djibouti Railway as a project in which China is fully vested. But China didn’t finance the entire railway by a long shot. Ethiopia and Djibouti financed about 45 percent of the Addis Ababa-Djibouti Railway.
Peter Pedroncelli, 5:45 am AFKI Original
The cosmetics industry in Africa is a burgeoning market that is set for increased interest from international brands as well as added opportunities for local entrepreneurs. From $400 per weekend to $1 million a month, local business successes form part of the cosmetics narrative in Africa, with opportunities waiting to be tapped. Here are 12 things you may not know about the cosmetics industry in Africa.
Dana Sanchez, 5:26 pm
South Africans supported Semenya overwhelmingly on social media with the hashtag #handsoffcaster during the Rio Olympics. She experienced open hostility and protests from other runners who said the race was unfair because they were competing against a man. Semenya was born without ovaries. Instead she has internal testes and testosterone levels three times higher than most women. “If I was a woman 800-meter runner right now, I’d be looking to change careers,” a sports scientist said. SA is the only African country where same-sex marriage is legal.
Staff, 5:32 pm
Over the last 20 years, Africa’s trade with emerging markets has grown rapidly. A slowdown in global trade could hurt demand for Africa’s export commodities. To counter this, African economies must boost intraregional trade. While unlikely to compensate for a global trade slowdown, this might mitigate some of its more negative effects. Faced with the threat of new disruptions to existing trade patterns, it’s important that African economies start trading more among themselves.
Dana Sanchez, 2:22 pm AFKI Original
Shopping is changing in Africa. Formal retail developers are learning from the failures of malls in developed markets like the U.S., and applying new models to old ideas. African micro enterprises and small businesses will have a greater demand for shared space and flexible office space in the future. New or existing African office developments will need to apply design principles used in innovation labs, incubation centers and flexible work spaces, a stakeholder said.
- Real Estate