Tag Archives: money
money: Latest News
Peter Pedroncelli, 6:06 pm AFKI Original
There are 25 African billionaires who can stake their claim among the estimated 2,043 dollar billionaires worldwide that make up the richest of the rich. A number of the African billionaires have earned some of their wealth thanks to tech and related industries, with the modern digital world contributing revenues that have helped them to grow their personal net worth to billionaire status.
Godfrey Olukya, 10:26 am AFKI Original
Rwandan trader Pierre Ndimwibo exports raw materials and imports electronic devices. Eliminating barriers like roadblocks and weigh stations will help his profits and grow his business, he said. East African Community members agreed on Jan. 14 to no new non-tariff barriers. Now they want all non-tariff barriers removed. It will save up to 20% of the time it take to import and export goods. Cross-border traders are all for it — if it ever actually happens.
Julia Austin, 3:46 pm AFKI Original
Sports stadiums are some of the biggest money makers for African countries. The FNB stadium isn’t just the largest sports arena in South Africa — it’s the largest venue of any kind, a stunning structure that had a $200 million makeover for the 2010 African World Cup. Nelson Mandela, Lady Gaga and Justin Bieber have played host there. Here are 8 of Africa’s biggest money-making sports stadiums.
Dana Sanchez, 2:08 pm
Canadian money coach and self-described minimalist Lama Farran shares 5 things she says the West can learn about money and rural African values. On a trip this year to East Africa, Farran found the concept of spending money you have not yet earned — buying on credit — to be almost non-existent in the communities she visited.
Dana Sanchez, 9:03 am
Is wildlife interaction ever ethical? Showing off vacation photos on social media has contributed to increased demand for wildlife interaction. It satisfies tourists’ egos but does nothing for the lion. Here’s another view: insisting that animals only be viewed in the wild is unreasonable and elitist — most people can’t afford that. You have to check out the adorable baby animals in this urban wildlife rescue video.
Staff, 9:24 am
Iran’s nuclear deal means a jump in oil supply, which could see Nigeria’s revenues dwindle as the price of crude drops. This is bad timing for President Buhari, who campaigned on expensive promises like destroying Boko Haram, rebuilding Nigeria’s war-torn northeast and rehabilitating the country’s oil refineries. Numerous hurdles remain to the Iran deal’s implementation, perhaps none greater than the approval by the U.S. Congress.
Keren Mikva, 12:51 pm AFKI Original
Africa’s 17th-richest person, he has a net worth of $2.7 billion from oil and gas. He is known for his reclusiveness. Peters has made it known that he is not a fan of the spotlight, often refusing to be photographed. He is intensely secretive about his personal life, and extremely religious. Here are 12 things you didn’t know about Nigerian billionaire Benedict Peters.
Makula Dunbar, 6:53 pm
“We used to get monthly bills from the U.S. to pay the children’s school fees and to buy food. This month we did not get any money, so we request that the U.S. and the government of Somalia cooperate in lifting the ban,” Mogadishu resident Safiyo Hassan told CCTV Africa. Roughly $1.3 billion in remittances from the Somali diaspora is sent to Somalia from the U.S. annually. According to CCTV Africa, this trumps foreign aid to the country and is done so through money transfer services and banks.
Keren Mikva, 9:53 am AFKI Original
He is a staunch defender of the Afrikaans language. In 2005, Rupert made headlines after he withdrew millions of rand of advertising from the British design magazine, “Wallpaper.” This was in response to the magazine’s description of the Afrikaans language as “the ugliest language in the world.” His influence extends far beyond South Africa’s borders. Here are 12 things you didn’t know about the richest South African, Johann Rupert.
Keren Mikva, 8:55 am AFKI Original
She has more money than Oprah. With more than $3.3 billion USD, Alakija has about $300 million more than the American TV personality and business mogul. Unverified estimates place Alakija’s wealth in excess of $7 billion. Here are 12 things you didn’t know about Folorunsho Alakija, Nigeria’s richest woman.
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