Tag Archives: expats
expats: Latest News
Dana Sanchez, 10:10 pm
Luanda is still the world’s second most expensive city for expats after Hong Kong, but rent for office space fell almost 50 percent in the past two years. Demand has virtually ground to a halt in the region’s top oil-producing country. Rent has has also fallen for office space and luxury homes in Nairobi, where there’s an oversupply. Kenya became a hotspot for oil and gas exploration in 2012. With the price of crude down more than 50 percent since mid-2014, Nigeria, the region’s second-largest oil producer, is in recession. One bright spot: industrial space rent is rising in Kenya.
Peter Pedroncelli, 8:20 am AFKI Original
The 2016 Olympic Games have been ongoing in Rio, with numerous African Olympians doing well throughout the multi-sport competition. In some cases these African-born sports stars have compete for their adopted countries after switching allegiance from the African country to their new home nation. Here are 12 Olympians who are not representing their African countries of birth at the Olympic Games in Rio.
Peter Pedroncelli, 9:40 am AFKI Original
South African food products are appreciated and enjoyed throughout the world, especially in countries where expatriates from the rainbow nation have emigrated and resettled. Places that have large South African expat communities include countries such as the United Kingdom, the United States, New Zealand and Australia. We take a look at 12 South African food products which expatriates miss.
Dana Sanchez, 9:10 pm
Several cities in Africa rank among the world’s most expensive, reflecting high living costs and high prices of goods for expats. Luanda (No. 1) remains the most costly city in Africa and the world, followed by N’Djamena (No. 10), Victoria (No. 17), and Libreville (No. 30). Below we’ve ranked 13 cities in Africa with the lowest cost of living. South Africa made it onto this list twice. No. 1 on this list — the city in Africa with the lowest cost of living — ranked No. 206 out of 207 countries, only slightly more expensive than Bishkek, Kyrgyzstan.
Staff, 9:20 am
Morocco in January blocked widely-used VoIP services including Skype, Viber, Tango, Facebook Messenger and WhatsApp. The ban could impact companies’ operating costs and decrease Morocco’s competitive advantage. The country’s offshoring sector is dedicated to promoting Morocco as an attractive destination for outsourcing services, including call centers, many of which depend on VoIP services.
Julia Austin, 5:02 pm AFKI Original
Popular Pringles snacks are one of the costlier international groceries in South Africa, at about $1.20 per 100 grams. In the U.S. the same quantity costs around $1.80. The chip’s manufacturer, Procter & Gamble, is working on a $100 million-plus factory in South Africa. South Africa is the cheapest place for expats to live and retire, according to rates aggregator GoBanking. Check out 8 groceries that are cheap in South Africa for expats.
Dana Sanchez, 10:18 am AFKI Original
Real estate companies are struggling with rising vacancies and unpaid rents in South Africa, and rent is relatively cheap. Rents compare favorably with similar properties around the world. There are extra costs you should be aware of. In a South African rental home, you may have to maintain the garden and hire a gardener — around $12 a day plus breakfast and lunch. A live-in maid might be part of the rental contract and that will cost around $154 a month.
Kurt Davis Jr., 2:32 pm AFKI Original
Importers are struggling to pay suppliers. Shippers are delaying arrivals to the ports of Angola to provide importers a more appeasing option than simply going out of business. Banks are wondering if their dollar deficits — if they persist until 2017 — will sour relationships between Angolan importers and global suppliers. The presidential election is also hanging over this economy, scheduled for August 2017. Isabel dos Santos may be the person to watch.
Dana Sanchez, 12:26 pm
They took big risks to return home, giving up careers and opportunities elsewhere. They see themselves as trailblazers — skilled, educated Nigerians with vision, returning from the diaspora and in a great position to contribute towards a changing Nigeria. They challenge and reject the “poverty porn” images and negative stereotypes portrayed in the international media. “You can feel there’s a big rush,” said one U.K.-to-Nigeria repat. But they are not without their critics.
Dana Sanchez, 10:11 am
As U.S.-based health insurance companies undergo dramatic changes at home, one of the top five, Cigna, is expanding health coverage to Africa for expats. “With our already existing infrastructure and experience in Africa, we are in a good position,” said a Cigna Africa head. Cigna is in a buyout deal with Anthem that will create the largest U.S. health insurer and consolidate the industry from five players to three in the U.S.
- Real Estate