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Date Archives for March 2015

  • Victory For Muhammadu Buhari, Now He Faces Huge Economic Challenges

    By Dana Sanchez, 5:33 pm

    Muhammadu Buhari today became the first opposition candidate to win a Nigerian presidential election. Incumbent Goodluck Jonathan conceded defeat in what Nigerians are celebrating as a democratic election process. Buhari will be taking over some big headaches. The largest ones facing the Nigerian economy include security, oil prices, currency, corruption and inequality.

  • Five Of Our Favorite Durban Hotels

    By Becca Blond, 5:30 pm

    As South Africa’s third-largest city, Durban has plenty of sleeping options for all budgets, with dozens of hotels, inns, guesthouses and backpackers to choose from. Here we round up five favorite Durban hotels for every price bracket, from the ocean to the city center.

  • FIFA Presidential Hopeful Prince Ali Visiting Zimbabwe

    Prince Ali bin Al-Hussein By Peter Pedroncelli, 12:37 pm AFKI Original

    Current FIFA president Sepp Blatter is running for re-election for a fifth term, but he will not be running unopposed, as Prince Ali and former Portugal international Luis Figo are both aiming to give Blatter competition in his quest to continue as the head of football’s governing body.

  • Dubai-Based Abraaj Raises $1.3B For Two African Funds

    By Staff, 12:20 pm

    Abraaj Group has raised about US$1.3 billion for two funds investing in Africa to tap into the continent’s economic growth, a person familiar with the deal said. One fund focusing on Sub-Saharan Africa will be about $1bn, while the second North African fund will be more than $300 million, the source said. Abraaj, with assets of about $7.5bn, has been boosting its reach with investments in Sub-Saharan Africa.

  • Things To Do In Stellenbosch When You’re Almost Broke

    By Lara Moses, 12:17 pm AFKI Original

    An hour outside Cape Town, Stellenbosch is in the heart of South African wine country, surrounded by vineyards and buzzing with business and tourist opportunities. You can get tipsy just thinking about it. South Africa is a major wine exporter — No. 9 in the world. Stellenbosch can be expensive. Here are some things to do in Stellenbosch when you’re almost broke.

  • Jonathan Concedes Defeat: What Could A Buhari Presidency Mean?

    By Kevin Mwanza, 11:22 am

    Nigeria’s opposition candidate Muhammadu Buhari of the took an early lead a presidential election pitting him and the incumbent Goodluck Jonathan as front runners and that could turn out to be one of the most historic for the Africa’s largest economy. According to a Reuters tally from 33 of Nigeria’s 36 states, the 72-year-old Buhari had more than 14 million votes

  • Things You Need To Know About The 12 Richest Nigerian States

    By Julia Austin, 10:10 am AFKI Original

    Port Harcourt, the capital of Rivers State, is central to the Nigerian oil industry and home to companies including Shell, Texaco and Michelin. It was considered a key battleground in the presidential election, and a curfew was imposed during the election. As Nigeria awaits the outcome of its 2015 presidential election, here are some things you need to know about the 12 richest Nigerian states.

  • 12 Things To Know About The Gates Foundation In Africa

    By Keren Mikva, 9:22 am AFKI Original

    In Uganda, the Gates Foundation has supported a genetically modified food project to create a new version of matooke, a banana-like staple devastated by banana leaf wilt. The GM project aims to create a modified version immune to the disease. A grant-making foundation created to tackle global challenges, the foundation still invites controversy. Here are 12 things you didn’t know about the Gates Foundation in Africa.

  • Tanzania Seeks $14.2B Loan To Build New Rail Network In Five Years

    By Staff, 8:31 am

    Tanzania plans to spend $14.2 billion to construct a new rail network in the next five years financed with commercial loans, the transport minister said, as the country aims to become a regional transport hub. Tanzania, like its neighbour Kenya, wants to profit from its long coastline and upgrade existing rickety railways and roads to serve growing economies in the land-locked heart of Africa.

  • West Ham Considering Move For Senegal’s Moussa Konate

    Moussa Konate By Peter Pedroncelli, 7:05 am

    Konate currently plays in Switzerland for FC Sion. He managed to show his class once again at the weekend, scoring twice for his national team to allow the Teranga Lions to record a 2-1 victory over 2015 Africa Cup of Nations (AFCON) runners up, Ghana.

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