Tag Archives: policy
policy: Latest News
Peter Pedroncelli, 6:38 pm AFKI Original
Africa is a continent of great opportunity and potential, but as a whole, the continent needs to work to become more globally competitive for the benefit of industries such as tech to truly thrive. Africa competes for foreign direct investment with other emerging markets such as Asia, Latin America, and the Caribbean. Africa needs to address a number of key issues in order to rival their main competitors in the market and carve out a competitive landscape that will attract foreign direct investment. Africa’s average competitiveness ranking is 21 percent compared to Latin America and The Caribbean’s average ranking of 40 percent, and Asia’s average ranking of 57 percent.
Tom Jackson, 12:36 pm AFKI Original
Across Africa, banks are choosing to work with startups rather than compete against them. Citibank has run mobile challenges in Nairobi, Standard Bank has incubators in South Africa, and Barclays has just selected its second cohort in its Cape Town-based accelerator. Fintech startups are reimagining the concept, delivery and consumption of financial services in ways banks have been unable. However, such companies lack the financial clout and access to customers to ensure mass uptake of their solutions. Banks can offer them this.
Opinion: Getting Africa’s Energy Transformation Right Will Involve Policies, Investments That Boost DiversityBy Staff, 1:00 am
Africa has an opportunity to pioneer the next investment frontier. Rather than treating new climate-related risks as hurdles to overcome, African policymakers should view them as opportunities for investment and innovation. To accelerate a market shift on the scale that Africa needs will require increased financing from export credit agencies, development banks, commercial financial institutions, and other cross-border sources.
Staff, 11:55 am
South Africa sees itself as a gateway to Africa and a spokesman for the continent. The rest of the continent doesn’t necessarily agree. African Union officials and observers of continental politics spoke anonymously on perceptions of South Africa’s policies and role in Africa. Respondents all raised similar concerns — paternalism, xenophobia, hypocracy and poor communication. Despite South Africa’s rhetoric of ubuntu (human kindness) and the African Agenda, its economic interests always come first, respondents said.
Dana Sanchez, 1:43 pm AFKI Original
Barack Obama’s 2008 election as U.S. president inspired millions of Africans with hopes that strong ties to Kenya, country of his father’s birth, would mean increased U.S. involvement. Some believe Obama will leave office Jan. 20, 2017, falling short of those expectations. He has been blamed for not making African issues a top priority of his foreign policy. Others say he leaves a lasting legacy that will live on — especially in Africa’s young leaders.
Staff, 10:06 pm
For African nations that have recently thought of playing China against the West, it may be time to dust up and reconsider that policy, says Kwame Owino, CEO of a Nairobi policy think tank. There will be a shortage of funds. Projects will be prioritized. The flow of money from China will be better targeted or reduced. It will not be possible for China alone to ensure Africa’s modernization.
Staff, 11:00 pm
China is competing with the U.S. in Africa, and is changing the way African politicians seek aid and investment. It’s going where its major rival — the U.S. — is thinly represented on the ground, lightly engaged in terms of political, economic and policymaking resources — in other words, places where the U.S. has simply not brought its “A Game,” according to author Howard W. French.
Staff, 9:02 pm
An increasingly strong voice has risen in China calling for the reform of its foreign aid policies and systems. The need to emphasize “aid” rather than the commercial aspects is gradually influencing the thinking and making of Chinese foreign aid reform and policy. China is already contributing to less-developed African countries through vocational schools and technical training. African countries should not stay passively as mere recipients, but actively voice their needs and concerns.
Dana Sanchez, 4:16 pm
Most of the private equity funds surging into Africa excluded Zimbabwe. This is likely to change with the removal of sanctions and greater political stability, according to Ritesh Anand, a London-based economist and fund manager. Much of the early investment went into businesses based on fixed assets, such as mobile phone towers. Now restaurants, payment systems, retailers and packagers are attracting investor interest. Zimbabwe needs more than US$25 billion across all sectors of the economy in the next 10 years.
Staff, 12:18 pm
The Zambia Development Agency (ZDA) has signed a Memorandum of Understanding (MoU) with the Zambia Information and Communication Technology Authority (ZICTA) to review existing policies and drive more investment into the country’s telecommunications sector. ZDA wants ZICTA to help it develop policies and regulations that will make it easier to secure regional and international investment.
- Real Estate