Tag Archives: Africa

Africa: Latest News

  • African Consumers In The Spotlight At Consumer Electronics Show 2017 In Las Vegas

    Consumer Electronics Show 2017 in Las Vegas By Dana Sanchez, 2:41 pm

    Sweden-based Ericsson is at the show, predicting that 5G will dominate mobile subscriptions in Africa by 2022. It’s one of several companies trying to connect the dots between the latest technology innovations and their dependence on infrastructure. Thermal cameras that help protect African elephants from poachers are on display there, backed by Google and the World Wildlife Fund. And The Swazi Bridge Project is there — a tech company using white space bandwidth to deliver high-speed internet to people in Swaziland.

  • New Year’s Resolution: Investing In African Healthcare And Fitness

    investing in African healthcare By Kurt Davis Jr., 7:57 am AFKI Original

    In cities from Victoria Island in Lagos, Nigeria to Maputo, Mozambique, gym memberships can be above $100 per month. Africans are paying higher fees than in more mature markets. Zumba classes are abundant, yoga is everywhere, and biking and running are an ever-growing trend in Africa. Putting cash into the facilities for these types of activities is lucrative. Scalability is still a concern but branding across borders and within regions is necessary for growth.

  • What Does The Trump Administration Mean For Power Africa?

    Trump Administration Mean For Power Africa By Staff, 6:29 pm

    The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.

  • Chinese Ivory Sales Help Fuel World’s 4th Largest Crime Sector

    Chinese ivory sales By Global Risk Insights, 12:51 pm

    Wildlife tourism represents 80% of total annual travel sales to Africa. Environmental crime deprives countries of future revenue. After China announced last week that it plans to end all commerce in ivory by the end of 2017, illegal poaching is back in the spotlight. Corruption remains the key enabler of wildlife trafficking. High-level members of poaching syndicates, sometimes government officials, are rarely convicted. The fight against environmental crime has to be addressed as a political issue. It’s the world’s fourth largest crime sector after drug smuggling, counterfeiting and human trafficking.

  • Halal Economy: South Africa Among Top 5 Global Producers Of Halal Products

    halal products By Dana Sanchez, 4:10 pm

    Around 60% of all products in South African stores are halal certified. Despite Muslims forming 1.5% percent of the population, this huge percentage of halal products is due to the large quantity of exports sent north in the continent, much of which is Muslim. South African traders make up about half of Africa’s fast-moving consumer goods sector, and 35 percent of these traders are Muslim. SA has helped other African countries set up halal certification including Zambia, Namibia, Botswana and Mozambique.

  • Uber, Airbnb Are Most Valuable US Tech Startups Doing Business In Africa

    most valuable US tech startups doing business in Africa By Dana Sanchez, 1:45 pm

    In the process of tapping into the sharing economy, Airbnb tapped into a relatively unfilled niche in Africa — the need for reliable, mid-range accommodation in African cities. Doing so helped Airbnb become the second most valuable U.S. startup in 2016. Valued at $68 billion, Uber is the most valuable startup in the U.S. and across the globe — proof that you can get rich by sharing.

  • 12 Things You Didn’t Know About The CAF African Player Of The Year Award

    Group A By Peter Pedroncelli, 7:16 am AFKI Original

    Each year the best soccer players on the African continent are nominated for the CAF African Player of the Year award. The three nominees have been decided, and it is a tight race to see which of the three African superstars will be crowned the continent’s best for the year. We take a look 12 things you should know about the African Player of the Year Award.

  • Silicon Valley Drone Startup Expanding Blood Deliveries In Africa With UK Funding

    Silicon Valley drone startup expanding By Dana Sanchez, 12:01 am

    Tanzania, Rwanda and Malawi have a permissive approach to drone regulations, helping make them attractive places for trials. Madagascar has also tested drones to reduce the time it takes to transport life-saving supplies in areas where roads are impassable or transport infrastructure is nonexistent. How useful are drones for carrying out human welfare tasks? The work is still too new and the data too thin to know. One study said humanitarian cargoes are often much heavier than a drone can handle.

  • Opinion: Perception Of Bitcoin As A New Safe Haven Should Persist In 2017 Thanks To Fed Rate Hike

    bitcoin as a new safe haven By Staff, 12:00 am

    Throughout 2016, the perception of bitcoin as a new safe haven persisted. People thought that if the U.S. Federal Reserve hiked interest rates, bitcoin’s perceived use as protection against economic uncertainty might be diminished. Its price might then fall. But despite the dollar’s 2016 gains and year-end rate hike, bitcoin still outpaced. When the U.S. dollar surges, currencies in emerging markets are devalued, increasing demand and the price of bitcoin, says investor Vinny Lingham.

  • Small African Economies With Big Debt Burdens In 2017

    small African economies with big debt By Kurt Davis Jr., 8:15 am AFKI Original

    Mozambique had a tough 2016. The country is unable to pay its debt until gas revenues are available after 2021. Public debt is expected to be near 130 percent of GDP by the end of 2016. The IMF continues to help Mozambique negotiate with creditors – a bright spot considering the IMF suspended aid to the country in April after evidence of $2 billion in hidden loans came to light. This “hidden debt” by state-owned firms has destroyed creditors’ trust in Mozambique.

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