Democratic Republic of Congo: Latest News
Staff, 4:45 pm
The cars of the future will depend upon supplies of an obscure metal from a country in the African tropics where there has never been a peaceful transition of power and child labor is still used in parts of the mining industry. Most major automakers are pledging to build millions of electric vehicles as the world’s governments crack down on climate-damaging emissions from traditional-fuel engines.Demand is surging for lithium-ion batteries and the materials needed to make them–including cobalt.
Staff, 11:15 am
GreenWish Partners is planning to invest $800 million on solar-powered telecommunications towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth.
Staff, 9:20 am
Two years after it was announced, the Senegal Internet Exchange Point (SENIX) is scheduled for official launch on 29 August, according to Cheikh Bakhoum, Chairman of the Board of Directors at SENIX and Director General of Senegal’s State Information Technology Agency (ADIE). Bakhoum said the exchange point would be launched in the country’s capital city of Dakar and would bring about a revolution in the country’s telecoms ecosystem. SENIX is the result of collaboration between 23 partners.
Peter Pedroncelli, 5:53 am
Renewable energy firm, GreenWish Partners, which is run by former Morgan Stanley executive Charlotte Aubin-Kalaidjian, has announced plans to invest $800 million on solar-powered telecommunications towers to be built throughout Africa. GreenWish will partner with telecoms provider Orange to implement hybrid telecommunication tower systems that are completely off-grid thanks to the combination of a solar panel, a battery and a diesel generator.
Staff, 5:21 pm
African heads of governments are among the highest paid in the world despite the continent’s many challenges. Jacob Zuma, South African president is the highest paid in the continent earning $272 000 per year, ranked fourth in the world.Rwanda’s president, Paul Kagame is ranked tenth, earning only $85 000 per year. Jacob Zuma $272 000 per annum. Zuma has been the president of the Republic of South Africa since 2009. Zuma was among the world’s top 10 highest paid president, he was listed fourth.
Staff, 9:01 am
One of the biggest current challenges for the impact investing community is the aggregation and deployment of growth capital equity in the world’s poorest countries. Few would argue with the proposition that for the world’s poorest countries to move out of poverty there must be a new investment model. In view of the absence of local private equity, growth capital and venture funds in those countries, as well as the small deal sizes, there is a challenge in which growth capital can be deployed.
Kurt Davis Jr., 5:03 pm AFKI Original
The story line in 2017 is buy undervalued assets, especially those with massive upside — no surprise. The surprise, however, may be looking for that opportunity in the Democratic Republic of the Congo. Kabila is still in power despite his term of office ending. Mineral prices have been low and hurt local mining companies. Budget cuts are a big topic in local politics. The DRC, like one or two other countries on this list, is worrisome on the surface. But there are opportunities in the government’s desire to strengthen private-sector investment.
Peter Pedroncelli, 3:20 am AFKI Original
The United States provides foreign aid that benefits numerous African recipients, with over $43 billion of total obligations going to 222 countries around the world in 2015. Much of this goes to assisting countries in sub-Saharan and North Africa, with USAID funding countless programs for the good of people within those nations. We take a look at the 12 biggest African recipients of foreign aid from the United States.
Peter Pedroncelli, 7:57 am AFKI Original
Many of the countries with the poorest access to electricity are in Africa, with around 625 million people in sub-Saharan Africa devoid of any access to electricity whatsoever. Due to issues such as insufficient capacity, poor reliability, and high costs, only around 32 percent of the population within sub-Saharan Africa have access to electricity. We take a look at 12 Sub-Saharan African countries with the poorest access to electricity.
Peter Pedroncelli, 7:36 am
President Donald Trump’s proposed plan to cut foreign aid funding to African countries by 28 percent provides an opportunity for nations such as Liberia to stand on their own and take responsibility for the well-being and future of their people. In March the American president unveiled a plan to cut funding for the State Department and USAID. The budget proposal will see a massive cut in funding to African beneficiaries, with West African nations such as Liberia set to lose out on a significant amount of aid from the U.S.
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