Tag Archives: Africa

Africa: Latest News

  • She’s There When African Governments Turn Off The Internet: Meet The Lawyer Advancing Facebook In Africa

    lawyer advancing Facebook in Africa By Staff, 1:01 am

    Some describe Ebele Okobi, 42, as Facebook’s secretary of state for Africa. Last year, at least 11 African governments shut down the internet for various temporary reasons. Where there are shutdowns, there is Okobi. Perhaps the most controversial aspect of her work is Free Basics, the Facebook-driven platform that provides a free version of the internet. Telecos in 22 African countries provide it. Facebook can control what is accessible, and many have criticized it for creating different classes of internet access. For its part, Facebook says half of all Free Basics users convert into paying internet customers within a month.

  • How Rwandan Aviation Is Moving The Country Closer To Conference Hub Status

    Rwandan aviation By Dana Sanchez, 1:01 am

    Rwanda has scheduled a string of aviation events this year that it hopes will help bolster its growing tourism sector. The country has a new convention center to host such events. In July it celebrated the opening of Kigali’s new $300-million five-star Radisson Blu Hotel & Convention Centre. More than 2,700 aviation experts are expected to attend five major international aviation events that include Aviation Africa 2017 and Africa Airport Summit. Kigali International Airport was ranked third-fastest growing in Africa in 2016.

  • Which Pension Funds Are Investing In African Infrastructure?

    pension funds are investing in African infrastructure By Dana Sanchez, 2:50 pm

    About 90% of managed assets are concentrated in four countries including South Africa and Nigeria. SA leads, thanks to rules that allow them to invest 10% of assets through private equity. Nigeria is held back by trust issues. “The thought of using our pension fund for investment in public-sector infrastructure development is highly frightening given the well-known penchant for mismanagement inherent in public-sector institutions in Nigeria,” the Nigerian Labour Congress says. Pension funds are ideal for driving inclusive growth and social stability through long-term projects such as infrastructure, says consultancy firm RisCura.

  • ‘This Is Huge’: Nigeria Seizes Africa’s Richest Oilfield From Shell, Eni In Corruption Investigation

    Shell, Eni in corruption investigation By Dana Sanchez, 12:54 pm

    A Nigerian court has ordered petroleum giants Shell and Eni to temporarily forfeit assets and control of a massive, long-disputed oilfield to the government. The OPL 245 bloc is considered the richest in Africa — big enough to provide all Nigeria’s oil production needs for 11 years. Shell and Eni bought the bloc in 2011 for $1.2 billion knowing it was a fraudulent transaction, the petition said. The government is investigating conspiracy, bribery, official corruption and money laundering. “Generations of Nigerians have been robbed of life-saving services while oil men have grown rich at their expense,” an anti-corruption NGO said.

  • ‘Most Luxurious Ship Ever’ To Cruise Rarely Traveled Africa Route

    cruise rarely traveled Africa route By Staff, 9:33 am

    What’s been billed as the world’s most luxurious cruise ship, the 750-passenger Seven Seas Explorer, in 2018 will operate a voyage down the west coast of Africa — rare in the cruise world. The voyage will bring one of the priciest cruise ships in the world to one of the globe’s poorest regions. The per capita income of many of the countries on the itinerary is less than $2,000 per year. The most expensive luxury ship ever built, it features some of the largest, most elaborate accommodations at sea, including a 4,443-square-foot suite — nearly 50% larger than the average home in the U.S. The ship spa is operated by Canyon Ranch.

  • Help Wanted: 1000s Of Unfilled Software Jobs On A Continent Plagued By Unemployment

    unfilled software jobs in Africa By Tom Jackson, 10:02 am AFKI Original

    Africa is outsourcing great tech jobs to skilled workers on other continents. There are tens of thousands of unfilled software jobs on a continent plagued by unemployment, especially among its digitally savvy youth. Digital skills training is vital to Africa’s future, says the co-founder of CodeX, one of many companies in Africa trying to address the shorfall. Many of the continent’s challenges can be solved with tech solutions, but ultimately they must be solved by the people who understand the problems intimately – Africans themselves. Help is on the way. Here are some of the companies offering skills training in Africa.

  • Adventure In The Air: Hot Air Ballooning In Magaliesburg, South Africa

    Hot air ballooning in Magaliesburg By Ishay Govender-Ypma, 8:09 am

    We have parachuted out of planes, bungeed off bridges, and done tandem paraglides, but only one in the group has been in a hot air balloon. Compared to other adventure activities, hot air balloons may seem tame. For me, the idea of being in a basket rising uncontrollably into space is terrifying. There’s a powerful whoosh of flames. We feel the heat and reel back. Ropes are loosened, the basket wobbles and starts to lift 18 adults into the air. The Magaliesburg region is marketed as the Cradle of Mankind. Cameras click. The air is crisp and still.

  • Opinion: Size Doesn’t Matter In Competitive African Marketing Sector

    competitive African marketing sector By Ann Brown, 2:31 pm AFKI Original

    In Nigeria’s competitive advertising and marketing environment, Adaora Mbelu-Dania has learned that standing out sometimes means sitting down — at the table, that is — with agencies much larger than her own. A creative consultant, she counts among her clients a violinist, graffiti artist and contortionist. “Size does not matter,” she told AFKInsider. “We are a small agency, and have pitched for jobs alongside the popular or large agencies. We’ve been chosen over them several times. We are not afraid to sit at the same table as global agencies.”

  • No. 1 Indian Mobile Operator Airtel May Sell Stakes In 15 African Countries

    Airtel may sell stakes in 15 African countries By Dana Sanchez, 10:32 am

    Faced with an escalating price war at home in India, Bharti Airtel is looking to its African operations to reduce debt. India is one of the most competitive telecom markets in the world. The company lost $91 million in Africa in Q3 of 2016. Airtel has 22.14 percent market share in Nigeria and 34.1 million customers. Market observers in Nigeria say lack of access to foreign exchange for operators, falling revenue per user and customers’ lack of disposable income are hurting telecom operators in the country.

  • How Africa’s Greenest Hotel Got $Millions Just For Being Green

    By Dana Sanchez, 3:21 pm AFKI Original

    There are not a lot of hotels near Cape Town International Airport. Most business and leisure travelers are in a hurry to get to Cape Town, or reluctant to leave, and understandably so, given the city’s many attractions. That’s why the 145-room Hotel Verde, a three-minute drive to Cape Town International Airport, feels like such a game changer. I stayed there on a trip to Cape Town and it felt like a glimpse into the future of the hotel industry. General Manager Samantha Annandale told me the hotel got at least $2.6M in free publicity just for being green.

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