Tag Archives: Africa
Africa: Latest News
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Peter Pedroncelli, 5:53 am
Cape Town has been named the best business tourism destination on the African continent once again, a ranking produced by the International Congress and Convention Association (ICCA) revealed. The Mother City is now considered the 39th best business tourism hub in the world, having improved last year’s ranking by 15 spots. In the last financial year, the city secured 33 new bids with an estimated attendance of 28,000 delegates and an estimated economic impact of around $31.7 million, while conferences over the past six years have had an estimated economic impact of more than $112 million.
Tom Jackson, 9:58 pm AFKI Original
TerraPay is the latest mobile payments platform to enter the crowded East African market with its launch in Tanzania. The challenge for the market lies in navigating regulatory hurdles from one country to the next, an expert said. Interoperability has the potential to unlock intra-African mobile remittances and could be key to promoting cross-border trade. It is expected to overcome challenges to scale and facilitate micro-transfers across borders, a common theme for Africa’s low-income population. Expect to see some consolidation in the market.
Peter Pedroncelli, 3:09 am AFKI Original
African consumers are increasingly able to enjoy numerous global tech brands due to a growing middle class on the continent that is savvy and mindful of what brands can offer them. Many of these brands have earned the admiration and loyalty of African consumers, with BrandAfrica ranking them in terms of the most admired brands from an African perspective. We take a look at 12 of the most admired global tech brands according to Africans.
Peter Pedroncelli, 7:57 am AFKI Original
Many of the countries with the poorest access to electricity are in Africa, with around 625 million people in sub-Saharan Africa devoid of any access to electricity whatsoever. Due to issues such as insufficient capacity, poor reliability, and high costs, only around 32 percent of the population within sub-Saharan Africa have access to electricity. We take a look at 12 Sub-Saharan African countries with the poorest access to electricity.
Ann Brown, 6:12 pm AFKI Original
When Afia Bobia Amanfo thinks about Ghana, she sees a country ripe for harvesting, full of opportunities for its young population but lacking many basic necessities crucial for the success of young people. “This might not be an advantage for every business but it is a great opportunity for us as a social enterprise to make a difference in the lives of these young ones and help redefine the future of Ghana,” Amanfo told AFKInsider. Amanfo co-founded Students Hub Ghana, an online platform for mentoring young Ghanaians in education, career, tech, and entrepreneurship. A month after launch, the site has 3,000-plus followers.
Dana Sanchez, 5:07 pm
Bitcoin surged today above $1,400. Its most recent rise is attributed to strong demand in Japan, where the digital currency is designated legal tender. Most African banks charge 10-to-19% on remittances. Bitcoin has started taking a bite out of the $4B trade from international transfers to Africa, but it’s still moving slowly. The U.S. Securities and Exchange Commission is credited with helping boost the value of bitcoin. The Winklevoss brothers — disputed founders of Facebook — applied to list a proposed bitcoin-tracking exchange-traded fund, and were initially rejected. The SEC is reconsidering.
Peter Pedroncelli, 1:49 pm AFKI Original
For the Nuba, wealth is measured in cattle. The Nuba people of Sudan’s Southern Kordofan Province have been historically discriminated against by the Arabic regimes that have been in power. In 2011, war broke out between the Sudan government and rebels in the Nuba Mountains. Conflict continues to this day, with humanitarian aid blocked. Sudanese journalists are banned from reporting on the war, and face potential imprisonment if they dare to cover the ongoing conflict in the region. Here are 14 things you didn’t know about the Nuba people.
Staff, 9:41 pm
Many South African business leaders say that malaria is among the top reasons they do not travel to other African countries. The world’s first malaria vaccine will undergo trials in Kenya, Ghana and Malawi in 2018, possibly heralding victory over a disease that still kills close to 500,000 people a year, mainly Africans. Although health is a cardinal element of the human development index, this is not a health story, but an economic and a human story. Africa’s bid for economic self-reliance stands to benefit from a malaria vaccine.
Staff, 8:14 pm
A U.S. company that builds bulletproof cars has contracted to outfit four helicopters for South Africa’s Anti-Poaching Task Force. Heavily armed poachers have become more aggressive, firing on agents as they patrol overhead in helicopters. International Armoring developed lightweight, high-tech fiber materials which weigh up to to 60 percent less than traditional bulletproof armor. “Just like the cars, our focus (with the helicopters) is on the passenger compartment, allowing them time to react and get out of a dangerous situation,” the company president said.
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