Tag Archives: jobs
jobs: Latest News
Tom Jackson, 8:35 am AFKI Original
Fresh from tech achievements M-Pesa, iHub and Ushahidi, Kenya in 2013 launched a $14.5B project to build Konza Techno City, a large tech hub planned outside Nairobi. Four years later, funding for Kenyan tech startups is in freefall. There have been few recent notable tech success stories and Konza City seems further away than ever. Investors have been wary to put up money until they have assurances from the government on reliable low-cost energy, water, plans to limit traffic and prevent slums from being built near Konza.
Reuters, 10:52 am
The deal includes 820 Chevron and Caltex gas stations, 220 convenience stores across South Africa and Botswana, a refinery in Cape Town, a lubricants plant in Durban, and other oil storage facilities. The Chinese firm says it will keep jobs and company names intact for up to six years before launching a rebranding strategy. Sinopec was the last remaining bidder in an auction to sell Chevron Corp’s South African assets and its subsidiary in Botswana. The auction lasted more than a year and drew interest from French oil firm Total and commodity traders Glencore and Gunvor.
Dana Sanchez, 2:33 pm
South African president Jacob Zuma discourages the use of the “X” word. “I think we love using phrases in South Africa that … cause unnecessary perceptions about us,” he said. “I think we are not (xenophobic).” A planned demonstration against immigrants and foreign-born South Africans turned violent Friday as police tried to control the crowd with rubber bullets, water cannons and stun grenades. Some South Africans say immigrants are taking their jobs, or are dealing in drugs and prostitution. Some migrants had their businesses and homes and robbed and looted in the past week.
Kurt Davis Jr., 1:00 am AFKI Original
The number of urban Africans almost doubled between 1995 and 2015 and is expected to double again by 2035. Rapid growth is driving the African phenomenon of the megacity — an urban area with a population of at least 10 million. Megacities have economic benefits – economies of scale, innovation, clusters of skilled labor, and higher incomes. But they also struggle with congested slums, unemployment and out-of-control traffic. More than 50 percent of the African urban population lives in slums.
Dana Sanchez, 12:10 am
Immigrant communities in South Africa have been reporting an upsurge of xenophobic violence for weeks, raising fears that anti-foreigner sentiment could spark a recurrence of attacks that claimed 67 lives in 2008 and 2015. Residents have complained on social media that foreigners are selling drugs and forcing South African girls into prostitution. A demonstration is planned on Feb. 24 to protest against the presence of Nigerians, Pakistanis and Zimbabweans.
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.
- Real Estate