Rwanda: Latest News
Dana Sanchez, 6:05 pm
In a closed-door meeting at this week’s U.N. General Assembly, Netanyahu said he plans to visit West Africa later this year, “but I don’t intent to limit myself to East Africa or West Africa. Israel is looking at all of Africa,” he said. “And I hope that all of Africa looks at Israel.” Energyia Global Capital, a Jerusalem-based solar enterprise, launched East Africa’s first solar field in 2015 in Rwanda. The company is prepared to invest $2 billion in Africa over the next four years through Obama’s Power Africa program. The goal is clean electricity for 50 million people by 2020.
Dana Sanchez, 3:21 pm AFKI Original
Online retail is still small by global standards in much of Africa, but it’s growing fast thanks to increased penetration of smartphones. E-commerce in Africa is expected to be worth $50 billion in 2018, up from US$8 billion in 2013. There’s rising demand for warehouse space by manufacturers seeking to expand in Africa. Knight Frank singled out landlocked Zambia as one of the most promising logistics locations in sub-Sahara, thanks to its geographical position at the intersection of Southern, Eastern and Central Africa.
Godfrey Olukya, 10:26 am AFKI Original
Rwandan trader Pierre Ndimwibo exports raw materials and imports electronic devices. Eliminating barriers like roadblocks and weigh stations will help his profits and grow his business, he said. East African Community members agreed on Jan. 14 to no new non-tariff barriers. Now they want all non-tariff barriers removed. It will save up to 20% of the time it take to import and export goods. Cross-border traders are all for it — if it ever actually happens.
Staff, 8:39 am
Many private equity firms exert more control on the companies they invest in than African entrepreneurs are comfortable with. Businesses built by African entrepreneurs are usually local. Local political patronage and connections often sustain them. The Dangotes, Elumelus and Thakkars are the exception. The majority of African entrepreneurs will continue to rely on debt capital – even at rates close to 30%. That may be another opportunity for foreign firms looking to Africa.
Julia Austin, 4:05 pm AFKI Original
Thakkar credits his success to being a refugee. He wants to get into farming and plans to invest in large-scale maize farming—something he says is a “no-brainer.” He also believes that for startups to succeed they must empower the country in which they are investing. Looking locally for everything from labor to investors rather than off-shoring is important to him. “Claiming that there is a skills deficit is nothing more than an excuse,” he said.
Keren Mikva, 5:11 pm AFKI Original
Burkina Faso’s De La Sébure mixes the warmth of African colors with modern European styles, reflecting the founder’s native Burkina Faso and adopted home in Europe. The clothes use elegant flair, vibrant colors, and refined materials to create something entirely its own. De La Sébure is one of 30 top designers from African countries being showcased at an African fashion reception, underway at the African Union headquarters in Addis Ababa.
Staff, 12:01 am
Political interference is a key challenge for sanitation in Africa. Public toilets are often owned by politicians, and this affects enforcement of sanitation law because the system is ripe for corruption. Citizen monitoring is effective in fighting corruption. Technology and citizen monitoring are necessary for good sanitation, stakeholders say. Private sector service is fundamental for achieving sanitation goals in sub-Saharan Africa. Entrepreneurship and business opportunities should be encouraged.
Staff, 9:08 am
The investments are being called historic and may represent the largest package of financial commitment to the African agricultural sector to date. The goal? A new era of business opportunities for the 70 percent of Africans who depend on farming for food and income, but often face poverty and poor nutrition. Presidents Kagame and Kenyatta opened the African Green Revolution Forum 2016, laying out a vision of how agricultural transformation should play out in Africa.
Staff, 8:15 am
Despite their rich natural resources, most African countries can’t compete for tourism in the global market. Nigeria is the leading African country generating outbound tourists to other African countries — mostly to other West African states. Kenya is among the top African countries looking to develop tourism by encouraging its residents to visit attractive local sites. This attracts more hotel investments. Kigali has been rated most attractive city in Eastern Africa for global hospitality. Conferences there are increasingly drawing African tourists.
Lillian Mutiso, 3:58 am AFKI Original
Obesity is a health condition where a person has high levels of cholesterol, sugar or salt and insufficient nutrients. Poor dieting regimes, genetics or lack of physical exercises are major causes of the condition. In Africa, obesity has been on the rise in recent years due to a rapidly growing urban population across the continent. The continent accounts for nearly 25 percent of the global population of 41 million children under five years who are obese.
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