Tag Archives: global
global: Latest News
Peter Pedroncelli, 3:09 am AFKI Original
African consumers are increasingly able to enjoy numerous global tech brands due to a growing middle class on the continent that is savvy and mindful of what brands can offer them. Many of these brands have earned the admiration and loyalty of African consumers, with BrandAfrica ranking them in terms of the most admired brands from an African perspective. We take a look at 12 of the most admired global tech brands according to Africans.
Dana Sanchez, 3:29 pm
Johannesburg-based Standard Bank is the latest to join the R3 consortium after some global heavyweights pulled out. The network represents a collaboration of 75-plus banks exploring blockchain as a solution for digital payments. Goldman Sachs, Santander, Morgan Stanley and the National Australian Bank have quit the NYC-based R3. Their departure raises questions about how much distributed ledger and blockchain technology are worth to the financial sector. One expert says they could have quit over competition and not wanting to share.
Dana Sanchez, 9:46 am
Used cars rule African roads. Africa’s tiny new car market is dominated by giant global automakers like Toyota. Eight out of 10 new cars are sold in just four African countries. It is in this environment that made-in-Africa auto makers like Uganda’s Kiira Motors hope to compete. How a school project became the focal point of Uganda’s vision for economic transformation may be one of the most amazing stories of the rise of African automakers.
Ann Brown, 11:33 am AFKI Original
Of Somali heritage, Shukri Hashi was born in Kenya and has lived in London since she was 8. Educated at the London College of Fashion, she makes wedding dresses that combine traditional Somali touches with modern Western styles. She embraces her Somali heritage by marrying traditional bridal Somali print — iyo Dhaqan — with Western fabrics such as satin, tulle and chiffon. Her dream? That every Somali bride will one day wear one of her creations. Read her fascinating business story here at AFKInsider.com.
Dana Sanchez, 6:40 pm
While its expansion to Africa is a welcome development, the U.S. company could face challenges due to the high cost of Internet mobile data and lack of quality broadband. Africans are already fans of most Netflix content. Netflix could oust Naspers-owned digital satellite TV service, whose users complain about its fees. However, Netflix isn’t cheap either. Still, the U.S.-based company has 65 million streaming customers worldwide.
Dana Sanchez, 4:38 pm
The entrepreneurial spirit is strong in Africa’s advertising and marketing industries, according to new research by the World Federation of Advertisers. Plenty of exciting new agency start-ups are emerging, but not enough young talented people are entering the field to work for them. The best talent with local African experience is being wooed by other countries and regions, MediaUpdate reports.
Dana Sanchez, 3:37 pm
Africa’s private equity market is overcrowded with too many people going after the same few large deals, but there’s a lot of opportunities in smaller deals, a stakeholder says. The new phenomenon is the appearance of global private equity players – global behemoths looking to allocate to Africa – alongside larger fund raisers by traditional players and South African players extending their mandates north of the border, BizNews reports.
István Tarrósy, 9:28 am AFKI Original
From a global perspective, the U.S.-Africa Leaders Summit may create a new image of Africa advocating for itself as integral to the interdependent world order in terms of trade and investments. With the summit, the U.S. wants to reduce the influence of China over Africa. However, “the U.S. should not redefine its positions in Africa by compromising its approach and demand for democracy and good governance practice among African leaders,” an expert said. “Africa cannot remain a dark and backward continent forever because of bad autocratic leadership.”
Dana Sanchez, 1:54 pm
Venture capitalist Steven Sinofsky talks about the transformative nature of mobile phones in developed and developing markets. For those in extreme poverty, mobile has been equally, if not more, transformative, Sinovsky said in Recode.net. Many immigrants in the U.S. send remittance funds to developing markets. Seattle, for example, has one of the largest populations of Somalians outside of Northern Africa, and they routinely send funds home. Today, this is a difficult process, and could be made a lot easier with a global mobile solution. Sinofsky talks about how African innovation is disrupting payments.
Jessica Harris, 1:17 pm AFKI Original
South Africa, Nigeria, Rwanda, Kenya are among the pioneering countries in which businesses have successfully tapped into the retail industry. While many investors are taking the wait-and-see approach, there is no denying that Africa’s growth will flourish. When retailers choose Africa as a location for investment, there is job creation for a job-ready population — and this is a key in increasing Africa’s middle class.
- Real Estate