Tag Archives: Africa
Africa: Latest News
Tom Jackson, 12:55 pm AFKI Original
U.S. firms are suspicious of non-homegrown products, whereas Germany had a more positive view of Africa, says a South African fintech manager. “No technology product, no matter how cool, sells itself,” she said. The CEO of an African blockchain startup hopes to start doing business in Hollywood and Bollywood. He encourages new startups expanding internationally to “develop the narrative around their product, unique value proposition, back story, and successes.”
Dana Sanchez, 11:51 am
One of the world’s largest aircraft manufacturers, U.S.-based Boeing ranked No. 2 among defense contractor in the world in 2016. Boeing Defense does business with countries across Africa in security including surveillance drones. “The aerospace industry needs to start paying closer attention to Africa, because this continent is clearly on the move economically and all the trends are pointing in the right direction for the expansion of the sector,” a Boeing stakeholder said. Boeing hopes its two new African offices will be positioned to meet an anticipated demand of 1,150 new aircraft in Africa by 2035.
Staff, 12:14 pm
A New York pizza chain is taking extreme measures to keep its pizzas authentic when it opens a pizza parlor in Accra, Ghana — its first in Africa. “I want to have the exact same pizza as in New York City,” said Dan Isaacs, co-owner of the new franchise shop scheduled to open on May 1. “New York City water has a very unique chemical composition and taste to it. I’m a purist — I wouldn’t want to do anything less than the original.” Famous Famiglia has 16 shops in NYC and more than 100 across the U.S. and overseas. It exports NYC water to other overseas shops in Mexico, Canada, China and Ecuador.
Dana Sanchez, 11:11 am
Facebook wants to connect everyone in the world with its social network, but that’s hard to do if the world doesn’t have internet access. Facebook, Google, and Microsoft are building their own networking infrastructure on land and across the seas rather than just leasing bandwidth connections operated by telecoms. In doing so they’re assuming a role traditionally played by telecom companies. Facebook has announced plans to lay nearly 500 miles of fiber cable in Uganda by the end of the year, infrastructure it believes will provide internet access for more than 3 million people.
Becca Blond, 8:05 am
The true history of glamping is up for grabs. In the early 1900s, wealthy American and European travelers demanded luxuries while on safari in Africa. They wanted wild outdoors adventures, but their canvas safari tents usually included beds and a chef to prepare meals. When did this movement become glamping? According to Google Trends, the keyword first started being searched on Google in early 2007. With apologies to the buzzword-averse, here are some tried-and-true travel buzzwords — and some new ones — that apply to travel in Africa.
Kurt Davis Jr., 10:34 pm AFKI Original
Equatorial Guinea is not the easiest place to get to, or the easiest place to understand. Sub-Saharan Africa’s third-largest oil producer is aggressively spending oil revenue on building roads, schools, hospitals and housing. First-time visitors to this closed, mysterious country will encounter easily navigated highways. The government is constructing Oyala, a planned city deep in the rainforest, to possibly replace Malabo as the capital. Oyala will feature new government buildings, a university, five-star hotels and conference centers. Kempinski, one of Europe’s oldest luxury hotel groups, plans to operate the first Oyala hotel and golf resort.
Dana Sanchez, 4:10 pm
For many Western companies, Africa is a fresh start — an opportunity to build facilities and processes that are environmentally friendly and safe. And don’t forget the tax breaks. Manufacturing in Africa is expensive, training and the quality control are expensive. Most apparel will continue to be made in Asian countries where labor is still relatively cheap and infrastructure, in place. But in China, the world’s apparel manufacturing leader, wages have increased 80% since 2010.
Staff, 1:18 pm
Political instability and a strategic location in the Horn of Africa contributed to rising emigration from Ethiopia in recent years. Some Italian NGOs are trying to reduce the causes of illegal migration to Europe by educating locals on the risks. “We incentivize the development of micro-businesses to provide employment opportunities to young people,” one stakeholder said. Radiya Abdar, 28, found work through this project. She went to Kuwait, where she worked as a servant for $106 a month. “They took my passport and freedom,” she said. “They called me kaddama, slave.”
Dana Sanchez, 1:02 pm
It’s not just Africa that needs research and researchers for its own use. The world needs African researchers — 1 million of them in the next 10 years — and a leading U.K. university hopes to help bridge the gap. The world needs the unique knowledge and perspective that African researchers can provide to solve shared global challenges, says David Dunne, director of the Cambridge-Africa Programme. “We can’t have a situation where 14% of the world’s population — living on a continent with unique culture, diversity and environment — contributes less than 1% of published research output.”
Dana Sanchez, 2:43 pm AFKI Original
South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.
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