Tag Archives: Africa
Africa: Latest News
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.
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.
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.
Betting On Poorer Africans, Soros-Backed Leapfrog Raising $800M For Investments, Eyes Kenyan InsurersBy Dana Sanchez, 9:50 am
LeapFrog Investments is betting on poorer Africans, or “emerging consumers” because they outnumber the continent’s middle class about four to one. Kenya’s new regulations will create buyout opportunities. Nigeria’s huge population and Ghana’s more sophisticated consumers make those markets attractive too. “We’re looking at payment companies because it’s becoming a popular tool that just offers much cheaper ways of doing business” across the continent, a LeapFrog partner said.
Derek Dias, 7:00 am
One of the smallest African countries, Rwanda has a dark past. Genocide 22 years ago claimed the lives of nearly 1 million people. Foreign aid, strong leadership and a national resolve for unity and progress helped transform Rwanda into one of the most forward-looking countries in Africa. It is clean, safe and increasingly modern. President Paul Kagame’s vision is for the country to qualify for middle-income status by 2020. See for yourself. Check out these 15 photos and start dreaming about how you’ll make it to Rwanda.
Colin Kilkelly, 7:00 am
Merzouga, a bustling desert town, is the jumping-off point for journeys into the desert. You’ll need a 4×4 and a local driver. You can feel the sand, soft as talcum powder, sucking the vehicle down as you cross the wadi. The locals are friendly. They’ll invite you for tea in exchange for cigarettes. Nomads have been living here for millennia, but the rhythm of life is the same as it ever was. To be a nomad is the pinnacle of Arabian nobility. The Prophet himself was a nomad. In ancient times, it took camel trains two months to get from Merzouga to Timbuktu. Now the same journey takes two days in a 4×4.
Linda Markovina, 7:00 am
In the Ugandan dialect of Lukiga, “bwindi” means “dark place.” A “dark place” could not be more apt to describe Bwindi Impenetrable Forest as you veer off the well-trodden path and into the jungle. With an untrained eye, you’ll probably only spot a gorilla when it’s close enough to feel its breath. Gorillas and humans are on each other’s doorsteps. The challenge? Finding ways for humans to meet their basic needs without competing with gorillas for limited resources. In Uganda, gorilla tourism contributes more than half of total tourism revenue. There are about 700 highland gorillas left in the world. About half live in Bwindi.
Dana Sanchez, 11:04 am
One of South Africa’s largest banks bought a majority stake in the team that built the country’s largest mobile payments product. Africa has the highest mobile money adoption rate in the world, but it’s hardly universal, catching on more in some countries and less in others. While banks and mobile payments startups would like to see large-scale adoption of mobile money, the reality is cash is likely to remain king in Africa — internet penetration and trust in the financial system are low on the continent.
Staff, 12:02 am
One aspect of U.S. military operations in Africa that remains vastly under-covered and unappreciated is the role of private military and security contractors. Private military and security contractors are the U.S. military’s American Express card. It dare not deploy overseas without them. This is nowhere truer than in Africa. It is fitting that modern private military and security contractors should be operating in Africa. After all, Africa gave rise to much of the industry. The pioneer in the field was the South Africa-based Executive Outcomes, which shut down in 1998.
Dana Sanchez, 9:39 pm
At 17,057 feet, Mount Kenya gets less attention than its taller counterpart, Mount Kilimanjaro, but Africa’s second-highest mountain offers everything its bigger neighbor does, and then some. The area around the foothills is emerging as a hot spot for residential and commercial real estate. The focus of Mount Kenya Wildlife Estate is the wildlife, with houses clustered around waterholes and salt licks, and views of the Mount Kenya. The development consists of 100 holiday homes on 1,000 acres. Most houses have sold for $330,000 each.
- Real Estate