Features: Latest News
Kurt Davis Jr., 5:18 pm AFKI Original
While some African supermarket chains are achieving success, Kenyan brands Nakumatt and Uchumi are struggling badly. Smaller countries, such as Mozambique and Namibia, provide bigger opportunities for expansion (and returns) compared to East African nations. One can better manage growth expectations and costs in neighboring southern African countries, including Zambia, than in the rising East African giants.
Tom Jackson, 1:11 am AFKI Original
Technology has not pervaded the legal profession as it has other industries, especially in Africa, where issues with access and affordability remain. There are a small number of African legal-tech startups – backed by international organisations – that are looking to propel that change with the use of technology. From South Africa to Nigeria, the legal profession is in the process of getting a tech boost.
Kurt Davis Jr., 9:47 am AFKI Original
The re-election of the People’s Movement for the Liberation of Angola (MPLA), and a brave decision by Jose Eduardo dos Santos to step down should be celebrated, but with this development comes a list of opportunities and challenges. The stepping down of President dos Santos should not be understated for its rarity in the context of politics in other sub-Saharan African countries.
Peter Pedroncelli, 6:38 pm AFKI Original
The World Bank Group is committed to supporting the growth of Africa’s digital economy through XL Africa, a business acceleration initiative that is providing a raft of benefits for the 20 most promising startups in sub-Saharan Africa. These African digital entrepreneurs have an opportunity to be mentored by various global specialists, increase their visibility on the continent and receive access to corporate partners and investors.
Peter Pedroncelli, 10:14 am AFKI Original
Africa is home to some of the strongest militaries in the world, with one North African country in particular featuring in the top 10 of the global list. Global Firepower produces an annual military ranking that takes into account 50 factors to determine a list of the most powerful armies in the world from a selection of 133 countries. Here are the 13 African countries with the strongest militaries.
Peter Pedroncelli, 8:25 am AFKI Original
There are a number of ways in which drone technology is positively impacting industries in Africa, with numerous sectors benefiting from the advantages that drone tech provides. Previously associated with warfare and destruction, drones of all shapes and sizes are now being developed to tackle everyday issues and empower communities across the continent. From agriculture to safety in shark-infested waters, drones have found their place in a modern African context.
Peter Pedroncelli, 1:03 pm AFKI Original
Mobile operators in sub-Saharan Africa have a unique set of challenges that they face in the region, but if they manage to overcome these obstacles, success awaits. Sub-Saharan Africa is home to many mobile operators who have dominated their markets, from Vodacom in South Africa to Safaricom in Kenya, but that dominance has not come easy. Now a fresh set of issues stand in the way of further success on the continent.
Kurt Davis Jr., 8:02 am AFKI Original
The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result. The year 2017 has been a partial year of recovery or adjustment, but there remain a selection of African economies that continue to experience issues with their currencies as a reflection of the problems that are affecting them at home. Here we take a look at four prime examples.
Peter Pedroncelli, 6:14 am AFKI Original
The bigger they are, the harder they fall. Ten tech stocks did poorly on the Johannesburg Stock Exchange over the course of the year which ended on June 30, and investors linked to those particular companies will be disappointed with the performances of their stocks during that period. While big names such as Vodacom and Naspers grew their valuations on the JSE, the likes of Telkom and Blue Label Telecoms lost value over the period.
Tom Jackson, 1:52 am AFKI Original
Finding skilled workers is a major barrier to the development of Africa’s fintech space, which is catering to a large unbanked African population through mobile and other avenues, but the market is slowly responding. The University of Cape Town recently became the first university in Africa to offer a specialized fintech degree, and other ed-tech and related startups have come to the party in an effort to fill the fintech skills gap.
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