Tag Archives: Africa
Africa: Latest News
Staff, 10:34 am
Tests developed to treat white people may be unsuitable for Africans. Ethiopia banned the painkiller codeine because many Ethiopians carry a gene variant that causes their bodies to convert the drug to morphine. Scientists have been pushing to improve health care by tailoring to the environment, lifestyle and genes of individuals. Few have taken this precision-medicine approach in Africa, but that’s changing. Precision public health is a new approach to precision medicine that bases decisions on populations and communities rather than on individuals. There’s a big problem though. Precision medicine is expensive.
Peter Pedroncelli, 7:02 am AFKI Original
African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of April, according to the FIFA ranking.
Reuters, 9:55 am
Zuma fired former Finance Minister Pravin Gordhan over the weekend. The ANC party is blamed for inequality in a country where 80% of the population is black, but whites own most of the land. New Finance Minister Malusi Gigaba said he will make unpopular choices to oversee radical economic transformation and redistribution of wealth. Gigaba also said said he will stick with budget plans to seek up to $2B per year in foreign funding. “We are not a bunch of wild gunmen running amok, gung-ho into Treasury…We are going maintain the programs that are being implemented,” Gigaba said.
Tom Jackson, 8:48 am AFKI Original
Uber says there’s enough room in Africa for all types of taxi and ride-hailing services. The US-based tech company headed off early competition on the continent, but new competitiors are rising. Uber hypes up the competition, saying it means more choices that are affordable, reliable, and produce jobs. One new Uber competitior, Africa Ride, offers drivers a share in the business, saying it empowers them more than Uber does. “Drivers will want to log in on the app which they own and have control over,” said Africa Ride founder Thabo Mashale.
Peter Pedroncelli, 9:00 am
World soccer governing body FIFA has proposed that Africa receive nine automatic qualification spots when the World Cup expands to 48 teams at the 2026 competition. The proposal would see four extra places for the continent, as Africa is currently offered five automatic qualifying berths. In addition to the nine places, a tenth African country will be able to take part in a six-nation play-off tournament between all of the global continental confederations to decide two additional spots.
The Conversation, 2:38 pm
Blockchain, an almost incorruptible digital ledger of transactions, has the potential to be both foundation and springboard in Africa for a new developmental infrastructure. The blockchain can be “the ledger of everything.” A house can become an intelligent entity registered on a secure, distributed database once it’s tagged with a geospatial reference and sensors that monitor its continuing existence. The owner of the asset can, through an Ethereum-based smart contract, secure a loan to expand a startup enterprise. Property and financing aren’t the only areas where the new Internet of Intelligent Things has the potential to compensate for Africa’s legacies of underdevelopment.
Peter Pedroncelli, 3:05 am AFKI Original
Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.
Kurt Davis Jr., 5:44 pm AFKI Original
Africans are demanding more meat in their diets, but consumption may be limited because there are not enough commercial livestock owners producing affordable food. Firms are gobbling up arable land, not just for crop production but also for livestock and cattle. Investment shops are slowly redirecting capital to this subsector of agriculture. Nigeria is in tough times, but people still have to eat. About 45% of rural households own livestock, and meat consumption is strongly correlated to livestock ownership in Nigeria. Fewer than 10 percent of livestock owners function as a business. Most are just supporting the household livelihood.
Global Risk Insights, 3:31 pm
Lacking substantial oil reserves, Morocco took a backseat to Angola and Algeria during China’s resource binge in the 2000s. That has changed as China seeks to diversify investments. Morocco now has three Confucius Institutes and is becoming the default investment destination in North Africa as instability continues in the region. Anti-Chinese sentiment in more established China-Africa relationships is also leading China to diversify its investment portfolio. Casablanca is scheduled to play host to the China-Morocco Trade Week in December 2017.
Ann Brown, 1:04 pm AFKI Original
When a coup in Madagascar sent her father into bankruptcy, 24-year-old Hanta Tiana Ranaivo Rajaonarisoa was forced to abandon her business administration studies in the U.S. She took over the family’s unused essential oil-making machine, and now supplies insect repellants to 40 pharmacies in Madagascar. Malaria is one of the country’s top 5 causes of death. Rajaonarisoa says she’s helping protect Madagascar’s amazing biodiversity — up to 90 percent of the country’s plant species are endemic — by using green waste recovery in her products.
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