Namibia: Latest News
Dana Sanchez, 8:50 pm
Ghana is the world’s No. 2 cocoa producer. The country issued its first Eurobond in 2007, successfully raising $750 million at a coupon rate 8.5 percent. Now the government needs the cash to retire it — it matures in 2017. A second Eurobond followed with another $750 million in 2013, while 2014 and 2015 each saw another $1 billion added to the debt. “Ghana is already in the market…So we have to think about the way to pay for the debts,” the finance minister said.
Keren Mikva, 12:59 pm
Zambian artist Caleb Chisha sees his art as a religion, and he worships at the church of daily rituals, often portraying the culture and traditions of African daily life. Namibia and Zambia have artistic traditions that span thousands of years. Both are recent players in the global contemporary art scene as interest mounts globally to invest in African art. These are some artists whose voices make them standouts.
Kevin Mwanza, 5:48 am
Zimbabwe will not burn its stockpile of ivory like Kenya did last month, but is seeking ways to sell it off on the international market, the country’s environment minister said. The Southern Africa country has over 70 tons of ivory stocks estimated to be worth $35 million. Together with its regional counterpart Namibia they are seeking to open up international trade of the elephant tusks
Julia Austin, 5:36 pm AFKI Original
South Africa has just under 56 million people and is home to the largest European-descended population in Africa. Of the white population, 61 percent speaks Afrikaans and over 30 percent speaks English. The country was under Dutch and British colonization. South Africa’s white population isn’t all affluent. More than 400,000 white South Africans are thought to live in poverty and the country has around 80 white squatter townships for Afrikaans-speaking whites.
Kurt Davis Jr., 12:35 pm AFKI Original
Competing consumer and developer interests are finding middle ground in some African countries and striking out in others. Low energy prices are the most desirable political outcome, but investment slows or is avoided altogether below a certain price threshold. Short term, coal will remain a vital part of African power generation. But the potential for investing in Africa’s renewable energy market shouldn’t be ignored.
Julia Austin, 10:37 am AFKI Original
Bob and Don Manonga star in “Rich Kids,” a reality TV series aired on Vuzu, a South African youth-oriented TV channel produced by M-Net for sister pay TV platform DStv. The brothers live in a 14-bedroom mansion with their prominent familiy in Pretoria and were some of the first to drive the Merceds A45 AMG. The boys also have access to the family’s four Bentleys and four Ferraris.
You won’t find an African country among the world’s top 25 performers for innovation, but several low-income African countries are outperforming their peers based on GDP, earning the designation “innovation achievers.” Co-published by Cornell University, the World Intellectual Property Organization, and A.T. Kearney, the Global Innovation Index goes beyond traditional measures of innovation such as research and development.
Roxanne Reid, 7:00 pm
In the Namib Desert, life is defined by lack of water – just 3-15mm of rain a year – and by overwhelming heat, where sand surface temperature can reach 75C (167F). Luckily, the Atlantic Ocean supplies moisture in the form of fog that can reach 140 km inland. This fog is the heartbeat of the Namib and directly or indirectly benefits all living things, which have adapted in ingenious ways to survive. Here are some of the miraculous little critters of the Namib that manage to thrive in this harsh environment.
Dana Sanchez, 2:46 pm
You won’t find U.S. chicken in South African locations of the mega chicken restaurant chain Nando’s, the company said Wednesday — proof that controversy hasn’t subsided over U.S. chicken exports and the African Growth and Opportunity Act. Nando’s does most of its business outside South Africa and is the largest collector of South African contemporary art, displaying it in its restaurants. “Nando’s is proudly South African,” said CEO Geoff Whyte.
Julia Austin, 4:08 am AFKI Original
Couples hoping for an intimate wedding can book the Mara Gypsy Camp in Masai Mara National Park, which accommodates just 20 guests. The staff are experts at planning weddings with plenty of romantic surprises up their sleeves. A stream that runs through the property attracts a lot of wildlife with some stunning photo opportunities—and unexpected furry guests. The camp includes spa treatments, butler service and sundown cocktail hour — an amazing place to spend your honeymoon too.
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