Tag Archives: Africa

Africa: Latest News

  • Opinion: Uber, Airbnb Drastically Shifting Power Balance In Africa. Made-In-Africa Is Fighting Back

    Made-in-Africa is fighting back By Global Risk Insights, 6:33 pm

    Proponents of the sharing economy say Uber and Airbnb benefit Africa, but who exactly is benefiting? They’re inserting themselves into existing informal sharing dynamics, acting as corporate middlemen and disrupting existing livelihoods. Underdeveloped formal sectors and high unemployment in Africa created the sharing economy out of necessity. Uber and Airbnb are taking a share of the profits.

  • 12 Least Attractive African Economies To Invest In For 2017

    African economies By Peter Pedroncelli, 2:08 am AFKI Original

    While Africa is a continent with great investment potential, some African economies have struggled to attract foreign investors. Certain economies have not experienced the positive growth that characterizes many of the nations within the African continent, and as a result they remain unattractive as investment destinations. Quantum Global Research Lab conducted research to produce the 2017 Africa Investment Index based on a variety of factors such as macroeconomic and financial indicators and the World Bank Group’s Ease of Doing Business Indicators. Here are the 12 least attractive African economies to invest in for 2017.

  • Senegal’s Eurobond Shows Investors Will Reward African Countries For Political Stability

    Senegal's eurobond By Kurt Davis Jr., 12:01 am AFKI Original

    African bond investors are laying the rules for 2017 after a tumultuous 2015 and 2016. Senegal’s $1.1 billion Eurobond launch earlier this month establishes the parameters. The offering – more than eight times oversubscribed – demonstrates investors will reward African countries for growth and political stability. But what many African sovereign bond issuers will have to consider is how big yields could become. In some corners of the continent, bankers may start to ask if there will be a penalty for those holding significant undisclosed debts.

  • Agriculture Is The No. 1 Opportunity For African Internet Of Things, Security The No. 1 Challenge

    African Internet Of Things By Tom Jackson, 10:33 pm AFKI Original

    The Internet Of Things is already widespread, but people aren’t using the terminology or the platforms that bring greatest value to connectivity between devices, says Arthur Goldstuck, MD of South African tech market research firm World Wide Worx. In Africa, IoT is used primarily in vehicle tracking and telemetry — you might call them the first generation of IoT. There isn’t an industry in Africa that has not been disrupted, a stakeholder said. “All industries are moving into this digital age and are transitioning or transforming their business models. IoT is a key driver for that.”

  • How The Threaded Man Built An Online Fashion Destination For African Men

    African mens fashion By Ann Brown, 1:00 am AFKI Original

    Siyabonga Beyile gives his mom the credit for inspiring the name of his business, The Threaded Man. The South African business started as a blog and evolved into an online mens fashion destination and consultancy. “She used to call me ‘Umfana Othungiweyo’ in Zulu which translates to ‘The Threaded Man,'” Beyile told AFKINsider. “It is the concept that you are not just ‘threaded’ through the clothes you wear but also how you carry yourself.” Major brands such as H&M reach out to Beyile for advice on how to market to the African millennial.

  • Will Kenya’s Konza Techno City Ever Get Off The Ground?

    Konza Techno City By Tom Jackson, 8:35 am AFKI Original

    Fresh from tech achievements M-Pesa, iHub and Ushahidi, Kenya in 2013 launched a $14.5B project to build Konza Techno City, a large tech hub planned outside Nairobi. Four years later, funding for Kenyan tech startups is in freefall. There have been few recent notable tech success stories and Konza City seems further away than ever. Investors have been wary to put up money until they have assurances from the government on reliable low-cost energy, water, plans to limit traffic and prevent slums from being built near Konza.

  • Microsoft Set To Build Cloud Data Centers In South Africa

    Microsoft will build two data centers in Africa. By Peter Pedroncelli, 4:51 am

    U.S. software giant Microsoft has announced plans to open two new cloud data centers in South Africa, in order to provide Microsoft Cloud services for the African market from centers based on the continent. These hyperscale data centers will be built in Cape Town and Johannesburg, representing a strategic advantage for Microsoft, as they will be the only top-tier cloud provider with a data center presence in Africa. With availability of cloud services expected in 2018, the services that will be delivered via the two South African data centers will include Microsoft Azure, Office 365, and Dynamics 365.

  • How More Agri-Traders Can Improve Liquidity In Africa At The Exchange Entry Point

    agri-traders could improve liquidity in Africa By Kurt Davis Jr., 10:55 am AFKI Original

    Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.

  • African Tech Startups And The Fourth Industrial Revolution

    The Fourth Industrial Revolution - Nairobi By Staff, 1:00 am

    The world has entered into a Fourth Industrial Revolution, and this time Africa is poised to take maximum advantage of it. Venture capitalists are investing large sums in Africa-based tech startups — $1 billion in 2016 — with the number of startups reaching 3,500. The revolution is led by entrepreneurs whose pioneering innovations seem destined to turn Africa into a global powerhouse and partner, changing its relationship with the rest of the world.

  • How Digital Technology Is Changing Farming In Africa

    Digital technology is changing farming in Africa By Staff, 1:00 am

    With Africa’s population projected to be about 2 billion by 2050, farming must undergo huge strides in productivity to ensure the ability to feed them. Numerous types of digital technology are available to take farming to this level, and entrepreneurs are beginning to introduce them to farming. To take advantage of them, however, there must be widespread internet availability, adequate funding, and ways overcome farmers’ reluctance to adopt new practices.

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