Seychelles: Latest News
Staff, 2:28 pm
Bharti Airtel, the No. 4 cellphone carrier globally, said it’s talking with France’s Orange to sell four African units but has no plans to exit Africa. Airtel has yet to turn a profit in Africa, Reuters reports. The sale of operations in four countries, which account for around 16 percent of its African revenue should help the company cut down debt.
Dana Sanchez, 12:16 pm
In the trade-not-aid environment, developed countries like the U.S. often question the ability of African countries to spend aid efficiently. How well are African countries doing when it comes to collecting taxes? It all depends on the data. Economists use tax-to-GDP ratios to measure how much a country’s tax revenue stimulates its economy. The higher the ratio, the more a country is increasing growth and decreasing aid dependence. These are 10 African countries with the highest tax-to-GDP ratios.
Julia Austin, 2:12 pm
Acacia is found in South Africa, Madagascar and many parts of Africa. It’s often used in aromatherapy essential oils as well as candies and soft drinks because of its glue-like properties. Organic products use acacia as a natural alternative to chemical binders. If the world understands the invaluable properties of these healing plants from ancient African cultures, maybe we’ll do a better job preserving them.
Staff, 12:25 pm
Africans and members of the African diaspora are using Twitter to challenge stereotypes about the continent with a hashtag that started trending after its June 23 kickoff. A Twitter user asked followers to showcase the beauty of Africa. “I got involved because growing up I was made to feel ashamed of my homeland, with negative images that paint Africa as a desolate continent,” the 22- year-old said.
Dana Sanchez, 6:40 pm AFKI Original
The annual Fragile States List is out, and it’s not looking good for Africa. With two-thirds of the population under 30, job opportunities have not kept up with population growth in Africa, making it a more fragile place. But we’re looking at the African countries that are doing best — the least fragile, if you will, according to the Fund For Peace.
Dana Sanchez, 12:19 pm AFKI Original
Mo Ibrahim got rich on telecommunications, and he has invested millions in the belief that good governance is more important for African development than anything else. The Mo Ibrahim Foundation rewards African leaders who transfer power democratically and deliver economic development. We’ve listed the 16 top-ranking African countries for governance according to the Ibrahim Index of African Governance.
Peter Pedroncelli, 4:00 am AFKI Original
The 2017 Africa Cup of Nations (AFCON) qualifying campaign began this past weekend with the first set of matches to decide the teams which will descend on Gabon at the beginning of 2017 to determine Africa’s best national team. AFKSports rounds up the results from the first matchday of AFCON qualifying action.
Dana Sanchez, 1:35 pm
Just 12 percent of Africa’s trade is between countries on the continent. The newly signed 26-member Tripartite Free Trade Area aims to encourage intra-Africa trade. Three blocs that make up the new free trade area have made some real economic strides, but Nigeria, the continent’s largest economy, is not a member of the new deal. Can the Tripartite Free Trade Area live up to the hype?
Dana Sanchez, 12:58 pm AFKI Original
On a continent where tech innovation is exploding, intellectual property protection is mostly undeveloped, ineffective and unenforced. African inventors often work in secret, sacrificing peer feedback for fear their ideas will be stolen. The World Economic Forum asked survey respondents, “In your country, how strong is the protection of intellectual property, including anti-counterfeiting measures?” Here are the results: the top 15 countries in Africa for intellectual property protection.
Staff, 5:58 pm
Just 12 percent of African countries’ total trade is with each other, but this week in Egypt, the Tripartite Free Trade Area will be signed creating an open market that spans half of Africa. It’s considered by some a “monumental step” toward African unity. Intra-African trade is expected to grow substantially in the free trade area and it sets the stage for an even more for-reaching trade agreement — the proposed continental free trade agreement.
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