Tag Archives: jobs
jobs: Latest News
Dana Sanchez, 11:24 am
Built in China, paid for by China, built by Chinese, operated and maintained by Chinese — news media reports often describe the newly refurbished, high-speed Addis Ababa-Djibouti Railway as a project in which China is fully vested. But China didn’t finance the entire railway by a long shot. Ethiopia and Djibouti financed about 45 percent of the Addis Ababa-Djibouti Railway.
Staff, 6:12 pm
Where there are challenges or deficits, business and investment opportunities often emerge in the informal sector. The East African informal sector contributes 30-40% of GDP. Operating off the grid (not paying taxes), informal-sector employers and employees run the risk of punishment, limited police protection, and lack of social support services. Consumers help keep the informal sector growing, and it’s not going away anytime soon. Formal companies are getting rich providing services to the millions of consumers who use informal services. Here are some of them.
Staff, 5:34 pm
South Africa this week put on hold proposals to introduce a national minimum wage as part of an effort to stabilize the labor market. Labor upheaval is a potential risk factor to the country’s credit rating, which faces in the next two weeks a possible downgrade to junk status by ratings agencies. The economy has grown slowly in the last six years — too slowly to recoup the 1 million jobs lost during the 2008-2009 recession. Despite the gloomy numbers, the rand held its ground, propped up by firmer metal prices which boosted commodity currencies.
Dana Sanchez, 12:04 pm
The Chinese have entered many sectors of the economy under Zimbabwe’s Look East policy, but until recently avoided white-owned farms liberated by Mugabe. Chinese are now investing in tobacco production, growing it on formerly white-owned farms, and paying rent to landowners who were given farms seized by Zimbabwe’s ruling Zanu-PF. Mugabe’s disastrous land reforms caused agricultural production to nosedive. Now there are plenty of jobs in the tobacco-growing district, a worker said.
Dana Sanchez, 10:01 pm
Pretoria’s new Democratic Alliance-led municipality is trying to reverse gains made by the ANC in improving the lives of black children, the ANC says. BMW’s history in Tshwane is a source of pride for the city, but does not entitle politicians to luxury cars paid for with public money, says the DA. The money should be spent on services instead. The ANC national government has been criticized for extravagant spending. South Africans are watching how the opposition plans to do things differently.
Ann Brown, 9:37 am AFKI Original
Namibian Beata Mandy Shemuvalula predicts youth development in Africa will be one of the top five profitable businesses. “We are always looking to evolve new ways to monetize old business models,” Shemuvalula told AFKInsider. Her company, Youthia, aims to empower youth entrepreneurs. It is not a charity. “How could we just talk about entrepreneurship? We had to do it ourselves,” she said. Shemuvalula was part of Obama’s Young African Leaders Initiative.
Dana Sanchez, 7:54 am
There’s a potential bonanza for South Africa. If 10 proposed new nuclear power plants are built as hybrid electricity-desalination plants, the amount of fresh water produced from seawater will provide so much fresh water that unused land could be turned into a garden, creating an agricultural industry. This happened in California’s semiarid Central Valley (with snowmelt, not desalination), which now produces over half the produce consumed in the U.S. on land previously unusable.
Staff, 12:01 am
Young Africans may be doing productive work, but they’re doing it in economies where informality is an institution owing to lack of data. With the help of the private sector, African governments must understand how the informal economy works and how it can be improved. Africa has addressed complex and far-reaching problems before. The HIV/AIDS epidemic once seemed insurmountable. Now it’s largely under control. The key to tackling it was cooperation among governments, development partners and local communities in collecting, processing, and using data to adjust strategies.
Dana Sanchez, 10:11 am
The new Chinese investment will bring much-needed jobs to South Africa, although there are fears Chinese will bring in their own laborers as they have elsewhere in Africa. These fears are largely unfounded, according to a China scholar. She estimates the ratio works out to one Chinese for every five African workers. Auto manufacturing is one of the fastest-growing industries in South Africa. Despite a downturn in domestic auto sales, exporters anticipate improved vehicle exports in the second half of 2016.
Keren Mikva, 1:52 pm
When it comes to the stuff bling is made of, Africa is enormously bountiful. Its mineral deposits make it one of the richest natural resource-laden places on Earth and everyone wants some. The following are the most mineral-rich African countries.
- Real Estate