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Date Archives for February 2014

  • Donkeys, Software And The Ethiopia Commodity Exchange

    By Dana Sanchez, 2:21 pm

    It’s important to adapt business models developed elsewhere to the context of the African market, says Eleni Gabre-Madhin, founder and former CEO of the Ethiopia Commodity Exchange. There’s constant tension between global standards of systems and processes and the reality of the people working on the ground in Africa, she said.

  • Zambia’s Economy Rebased, Grows By 25 Percent

    By Dana Sanchez, 1:38 pm

    The informal sector — businesses that are not paying taxes, not monitored by government and usually not included in the formal economy — was included in Zambia’s rebasing of its GDP, according to an AFP report. It accounts for 33.6 percent of the GDP, the report said.

  • E-Payment, ATM Use Picks up in Botswana

    By Makula Dunbar, 1:00 pm

    Botswana’s citizens are increasingly choosing electronic transfers over cheques to make payments, according to the country’s central bank governor. Mohohlo said that although banknotes and coins continue to be a major medium of exchange in Botswana, non-cash transactions, especially electronic transfers, have gained considerable ground.

  • Norway Oil Fund Increases Stock Investment in Africa

    By Makula Dunbar, 12:38 pm

    Norway’s $840 billion sovereign wealth fund sharply increased its exposure to government debt in the world’s most advanced economies in the fourth quarter and also raised its African equity holdings, it said on Friday. The fund, commonly known as the oil fund, was a big buyer of American, British, German and also Brazilian bonds in the quarter while ditching stocks

  • Investors Show Heightened Interest in Rwanda’s Local Currency Bonds

    By Makula Dunbar, 12:03 pm

    Investors sought the most local-currency bonds in Rwanda since the central bank began selling the debt in 2008, with yields lower than Uganda as the East African nation revives issuance in francs. The sale of 12.5 billion francs ($18 million) of three-year bonds had a coupon of 11.48 percent and a yield of 11.6 percent, the Kigali-based National Bank of Rwanda said in a statement on its website.

  • Portable Solar Power Finds a Niche in Rural Africa

    By D.A. Barber, 11:53 am AFKI Original

    Because a larger share of Africa’s population has mobile phones than electricity, this has created a unique opportunity to bring power to rural areas with no grid access. Pay-as-you-go plans for off-grid solar power are combining solar and mobile phone technology.

  • 10 Lesser-Known Paris Attractions

    By Becca Blond, 11:08 am AFKI Original

    The line stretches out the door on Saturdays at this little shop in the Fifth Arr. where locals come to stock up on an exhaustive collection of amazing French cheeses. One rule: don’t help yourself, let the sales clerks discus and hand-wrap your choices.

  • 10 Eco-Friendly Products Made Sustainably

    By Carri Wilbanks, 9:29 am AFKI Original

    They may be made of wood, but the company that makes Vers speakers also helps fight deforestation and supports environmental preservation of U.S. national forests. For every tree used to create a Vers 1Q Bluetooth Sound System, 100 trees are planted, the company says.

  • 10 Prominent Gay Rights Activists In Africa

    By Keren Mikva, 8:00 am

    Multimedia artist Jabulani Chen Pereira uses visual media in his activism through his organization, Iranti-Org. Pereira, a South African, identifies as gender queer, using the gender pronoun “they” rather than “he” or “she.” They are a powerful voice in advocating for LGBT awareness and rights across Africa.

  • African Designers Who Make Goddess Dresses

    By Julia Austin, 7:46 am AFKI Original

    A goddess should be comfortable! And Kiki Clothing has great, airy materials. They also mix patterns in a surprising but successful way, and aren’t afraid to use bold colors.

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