Tag Archives: Africa
Africa: Latest News
Dana Sanchez, 5:34 pm
With its island-building binge, Dubai is a big customer for African sand. So are Africa’s expanding concrete manufacturing giants. For the island project “The Palm Jumeirah,” Dubai used 200 million cubic meters of sand and stone. Some of the sand came from the sea off Dubai’s coast but a large amount came from African beaches. In Cape Verde, one in three people is unemployed. Sand mining is a fast way to earn money. The consequences of excessive sand mining are devastating. On beaches where tortoises once buried their eggs, there is now only dirt and stones.
Mongabay, 9:25 am
There’s a mistaken belief that Africa is a continent of empty, freely available land open for development. Companies investing in land in Africa feel they can cut a deal with the government, raze the land, and create vast plantations. “No land is unclaimed,” a stakeholder said. “Uprooting communities without their consent from their lands and traditional livelihoods creates conflicts and social unrest.” Most disputes involving private investments in Africa – 63 percent – relate to local people being displaced off their land. These disputes affect sugarcane and palm oil production, mining for gold, diamonds and coal, and green energy to harvest wind and solar power.
Staff, 8:00 am
Nigerian novelist Chimamanda Adichie tells a TED audience how she found her authentic cultural voice — and warns that if you hear only a single story about another person or country, you risk epic misunderstanding. For example, she says all she knew about Fide, a worker in her parents’ home, was how poor he was. When she visited his village, she saw a basket his brother had made. “It had not occurred to me that anybody in his family could actually make something,” she said. “All I had heard about them was how poor they were, so that it had become impossible for me to see them as anything else but poor. Their poverty was my single story of them.”
Tom Jackson, 12:35 pm AFKI Original
Despite the hype, profitability is still an unattainable ideal for Nigerian online shopping giants Konga and Jumia. Believers say e-commerce in Africa is “absolutely a long-term play.” They expect the short- and medium-term to be challenging. Players are still working on fast and easy payments and refunds, and trouble-free deliveries and returns. “It takes a long time for consumers to become comfortable shopping online, and it’s hard and expensive to accelerate this,” a stakeholder said. Investors aren’t all put off though. The potential prizes are too great.
Dana Sanchez, 2:34 pm
Supporters of the conflict minerals rule say it successfully held manufacturers accountable for the minerals they source from DRC. Its suspension would “enrich abusive thugs” and could lead to the complete repeal of Dodd-Frank regulations, implemented after the 2007-2009 financial crisis to limit risky practices that caused the U.S. banking crisis. However a U.S.association of manufacturers estimates the law costs U.S. businesses $9-to-$16 billion. This led to the suspension plan by Trump, who campaigned on a pro-business platform.
Dana Sanchez, 8:53 am
A combination of native African armyworms and Fall armyworms from the Americas are ravaging staple crops in southern Africa. Uncontrolled, they have the potential to cause food shortages. Damage to maize is likely to have the biggest impact because it’s the main staple food crop. The Fall armyworm destroys the cob itself. In parts of their native range in the Americas, genetically-modified Bt maize is grown to combat the Fall armyworm. This may be an option for South Africa and other countries where GM crops are already grown. But many parts of Africa do not allow or welcome GM varieties.
Opinion: Trump’s ‘America First’ Policy An Opportunity For China To Access AGOA, US Markets By Manufacturing In AfricaBy Dana Sanchez, 9:52 am
The main target of Trump’s America First policy is China, the world’s top industrial exporter. China has positioned itself as the world’s factory. Africa does very little trade with the U.S. and is no threat to U.S. jobs. Because China is Africa’s biggest export market, the America First policy will hurt Africa. The export-oriented China creates wealth by exporting manufactured goods to the U.S. and other Western markets. China can circumvent Trump’s efforts by relocating some of its manufacturing to Africa to take advantage of AGOA and access the U.S. market through Africa.
Kurt Davis Jr., 7:45 am AFKI Original
Everyone knows that Africa leapfrogged landlines to mobile phones, but without mobile, the continent is unconnected. Less than 20% are connected to the internet. Business and finance have become online activities globally. Africa needs to get up to speed to compete. Private investors are looking beyond the usual suspects. These are the African countries with the best opportunities for private investors to expand internet capacity in 2017.
Tom Jackson, 11:29 am AFKI Original
From digital educational materials for school children to the Uberisation of tutoring, tech is finding new ways of improving access to quality learning in Africa. But it isn’t happening fast enough for some people. Data is expensive, and many areas still have little or no connectivity. African governments have spent a lot of money to enable e-learning, but have not yet seen the results. Still, it’s an attractive sector to investors. Africa’s e-learning market doubled in size from 2011 to 2016.
Staff, 9:40 pm
Crowdfunding has been steadily gaining traction in Africa over the past decade. There are 57 crowdfunding platforms on the continent — most designed to serve local consumers and support projects in the host country only. Still, crowdfunding in Africa is limited compared to other regions. In 2015, the African crowdfunding market amounted to about $70 million, less than 1 percent of the global market. Investors and African entrepreneurs who use crowdfunding are operating in an unregulated space, at least in most African countries.
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