Tag Archives: Business
Business: Latest News
Kurt Davis Jr., 6:40 pm AFKI Original
Africa’s two biggest economies will have an election in 2019 with many observers and investors speculating on the side-effects of the political process on both economies, especially if fallout comes about before or after the process takes its due course. Perhaps Kenya’s current and past presidential election experiences can serve as a lesson for those two African powerhouse nations, in order for negative outcomes to be mitigated.
Peter Pedroncelli, 11:36 am
It is no secret that countries with the slowest broadband speeds globally have a distinct disadvantage over others with regards to development and business capabilities. New research from British company Cable, looked at over 63 million broadband speed tests across the globe to determine the slowest broadband speeds based on country averages. Yemen is in last place in the ranking at an average speed of only 0.34Mbps, but a number of African nations disappoint with slow speeds.
Ann Brown, 3:46 am AFKI Original
Former Miss Universe Tanzania Hellen Dausen has taken the body-care market by storm in her home country, making a name for herself as the founder of Nuya’s Essence. Faced with issues such as dealing with sexists, being looked down upon, and not being trusted to deliver good work, Dausen has overcome the odds to create and build a brand that is unique and well-respected.
Kurt Davis Jr., 1:32 pm AFKI Original
It is surprising how many business people assume Africa is behind the times in technology. Infrastructure may be a problem…but technology is a different story, and in fact, innovation and active appreciation for the wonders of technology are present throughout the continent. Sub-Saharan Africa, in many instances, can make a Western business person feel like they underuse their mobile phone…or simply feel behind the times when they do not know how to use M-Pesa.
Keren Mikva, 6:44 pm AFKI Original
Inspired by an MIT event in Lagos, Ogunlana Olumide and Chukwuwezam Obanor created PrepClass, software designed to help Nigerian students prepare for tests online. In addition to providing online test prep, the company employs over 100 tutors who travel to students’ homes to teach one-on-one. The personalized approach has been successful, and company revenue is up 1400 percent.
Keren Mikva, 7:52 pm AFKI Original
Hungarian-American businessman George Soros has become one of the most aggressive foreign investors in African economies. While many predict a decrease in investment due to regional instabilities and lingering Ebola fears, Soros says African investment remains one of the few bright spots on the gloomy global economic horizon. As one of the richest people in the world with a track record of investment profits, Soros might just know what he’s talking about.
Dana Sanchez, 12:35 pm
In parts of Kenya, the high altitude and cool temperature are perfect for growing large, long-lasting roses, which have helped make Kenya the world’s No. 4 supplier. Kenya is the sixth-largest flower exporter to the U.S. An NGO that offers HIV services handed out free condoms to mark Valentine’s Day in Ethiopia, where the Western tradition is not widely celebrated but is slowly taking hold among the youth. Flower sellers in Cape Town’s City Centre said they counted on Valentines Day in the past for big sales. This year has been different.
Keren Mikva, 8:00 am
The largest city in Somalia is also one of the largest in Africa. Cotton is among the city’s biggest industries, and more businesses are flocking there as efforts at heightened security and incentives grow to make it a more attractive destination. In addition to its rising music scene, Mogadishu serves as a media hub.
Alexis Borochoff, 2:43 am
Experts believe that camel milks could potentially become an even bigger market if the business owners worked at better marketing and advertisement. Little is known about the benefits of camel milk outside of Africa. Camel’s milk is still a new and growing industry with potential to thrive.
Staff, 11:45 pm
The world vented its collective scorn via social media when U.S. dentist Walter Palmer killed Cecil the lion. It’s important to question the economic legitimacy of the global business of trophy hunting. There is a case to be made for controlling populations in the interests of biodiversity, but can the killing of any endangered animal truly be justified? You be the judge.
- Real Estate