Tag Archives: income
income: Latest News
Dana Sanchez, 3:22 pm AFKI Original
Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.
Dana Sanchez, 11:43 am
Disruption is expected to pick up in South Africa’s real estate industry in 2017, a stakeholder says. South African homeowners increasingly want to earn income from their real estate investments. Airbnb — a website that lets homeowners rent out space in their homes — is making it easier to do so. This is expected to impact how people buy property as they look for homes that will double as vacation rentals.
Dana Sanchez, 12:01 am
Norway-based Opera claims its web browser reaches 100 million African users. How did they get there? There is a high degree of correlation between income and the browser used. But there’s also frst-mover status. Long before smartphones arrived in Africa, Opera was the de facto mobile phone browser. Other browsers came in with more features that most people didn’t need at the expense of bandwidth. That’s how Opera built its name as the go-to browser in communities with low internet connectivity, especially for mobile users.
Kurt Davis Jr., 1:07 pm AFKI Original
After-work teas are becoming after-work beers and glasses of wine in Africa. As incomes grow in sub-Saharan Africa, consumers are demanding better quality wine and spirits – both imported and locally made. “Drink more please” — it’s not the best parenting line but it is the thinking of many top executives at wine and spirit companies. Sub-Saharan Africans drink 10-to-11 liters of beer per person per year. Comparatively, Asians drink about 19-to-20 liters and Americans drink about 73-to-74. Only South Africans drink more than the global average — around 46 liters.
Dana Sanchez, 9:51 am
South Africa’s 17 percent sales decline in new auto sales in July is the biggest since 2009 at the height of the global economic recession. “Despite the rand’s recent strength, what we’re experiencing now are the after effects of the currency’s weakness in months prior,” a stakeholder said. Despite the overall decline, certain classes of vehicles have seen sales increase. Toyota and Volkswagen dominate passenger car sales in Namibia. Ford and Isuzu are also strong.
Julia Austin, 5:31 pm AFKI Original
In some of the busiest African cities, a monthly bus pass or taxi fare can be a major expense, eating up nearly 20 percent of personal income. A monthly bus pass in Nigeria costs just shy of $40 and a single five-mile taxi trip costs around $9. Taking the bus into Lagos is noticeably more expensive than taking the bus out of the city. Tickets leaving Lagos can range between $13 to $26, but tickets into Lagos range between $17 and $45.
Staff, 12:03 am
Hair braiding is a tradition that has been practiced in various African societies for centuries. Across the U.S., women from countries such as Senegal, Ivory Coast and Togo, have used braiding as a bridge to a better life. Entrepreneurial instinct and the ability of braiders to marry traditional braiding styles with hair trends within African-American culture, meant braiding was a secure source of income. Most braiders come from French-speaking African countries.
Dana Sanchez, 3:40 pm
One of the world’s top gold producers, Ghana has about 1 million people working in artisanal gold mines including children. Miners process the gold with mercury. Ghana’s rivers, soil, and air are heavily polluted with mercury, and artisanal miners have shown high levels of mercury concentration in their bodies, according to Human Rights Watch. Mercury is deeply ingrained in mining culture. The alternatives are expensive and time consuming.
Staff, 8:19 pm
In some countries in Africa, spending on transportation is far higher for wealthy families than might be expected. Basic transport infrastructure is so inefficient that it pushes up costs to the stratosphere, relatively speaking. Just getting around is so expensive that the rich spend more than half their income doing so. All over Africa, the poor don’t even bother.
Dana Sanchez, 3:02 pm
More Africans describe themselves as religious than people in any other region of the world and income appears to exert an influence, according to a new Gallup poll. Among those with a medium-high and high income, less than 50 percent globally say they are religious compared with 70 percent of those with low, medium-low and medium income.
- Real Estate