The Digital revolution is happening in Africa on an exceptional scale affecting almost all facets of life. Innovators on the continent are using technology in a manner that is disrupting even established institutions. A case in point is the mobile money technology that provides financial services to those even without bank accounts. Despite this being a revolutionary technology, there are many that trace their “origin” to the African way of life. For this reason and in significant ways, the digital revolution is repackaging traditional African practices to make them more effective today. What practices were there in those pre-internet days?…
Author: aveditor
Africa has some breathtaking beaches and ocean life. Millions of people in Africa rely on oceans for employment, food, sports, and other important benefits, as well as economics and development. However, not all oceans get the same quality of care. The Ocean health index Africa report is an annual report that draws attention to the African and world’s ocean management and conservation efforts. The 2019 edition of the report shows Seychelles as the country in Africa with the best ocean index. Morocco takes the second best position while Egypt takes the third. Despite taking the last three positions in Africa, Democratic Republic of…
The United States and Japan house some of the largest proportion of rich people in the world, but neither of them are on the top 10 list of the fastest-growing high net worth countries in the world. This is despite being the leading economic powerhouses globally. TOP 10 HIGH NET WORTH COUNTRIES IN THE WORLD The U.S. remains by far the dominant high net worth nation, as it has done since the concept of high net worth was first recognized. However, as far as minting new millionaires is concerned, opportunities are knocking on the door in unexpected places as reported in…
Democratic Republic of Congo’s president-elect Felix Tshisekedi received a chorus of congratulations from African leaders on Sunday and Monday in a growing sign that his disputed election win will not be questioned internationally. Regional support is crucial for Tshisekedi after a disorganized election on Dec. 30 that runner-up candidate Martin Fayulu says was rigged and that Congo’s Catholic Church contested. Many worry that outgoing president Joseph Kabila will continue to hold sway, limiting Tshisekedi’s power. ALSO READ: Can Cobalt be Congo’s Golden Ticket to Prosperity for All The new president will be the first to take power through an election since…
In 2019, construction projects across Africa will begin, continue or reach their conclusions, bringing to various countries and cities important economic stimulators, updated infrastructure and new opportunities. Here’s a look at some of the largest and most important construction projects happening around the continent, including notes on how they will impact local populations. 1. Bourgreg Valley Development (Rabat, Morocco) Morocco’s $1 billion Bourgreg Valley Development project will bring new neighborhoods, commercial real estate and public spaces to 14,826 acres in the capital of Rabat. At the center of this project will be the Bank of Africa tower, which will stand…
What African city is most dynamic? JLL’s 2019 City Momentum Index covers 131 major established and emerging markets and identifies cities that have the strongest short-term economic and real estate market momentum. Although momentum in the global economy appears to have peaked, there are still many cities in the world where both real estate and economic momentum continue to be robust. JLL’s City Momentum Index (CMI) is now in its sixth iteration. This year it focuses purely on short-term momentum over a three-year horizon, tracking a range of socio-economic and commercial real estate indicators to identify attributes for success over the…
After rapid economic growth averaging 10% every year between 2004 and 2014, Ethiopia has emerged as an engine of development in Africa. And there are no signs that ambitions for further growth are fading. This is clear from the government’s blueprint to achieve middle-income status – or gross national income of at least US$1006 per capita – by 2025. This would see a rapid increase in per capita income in Ethiopia, which is currently US$783, according to the World Bank. Ethiopia’s growth has been propelled by at least two factors: the prioritisation of agriculture as a key contributor to development…
Netflix has ordered its first African original series, “Queen Sono,” a drama about a secret agent who fights crime while dealing with crises in her personal life. The series will launch globally in 2019. “Queen Sono” stars veteran South African actress Pearl Thusi, who tweeted in an emotional video that she “cannot wait for…every woman on this continent, and actually on this planet, to meet Queen Sono.” Of the deal with Netflix, she added: “It’s going to change the game for every artist on this continent.” ALSO READ: 5 Must Watch African Centered Movies Streaming on Netflix (January 2019) The announcement came last month,…
The newly crowned winner of Miss Algeria beauty pageant has hit back at critics who have hurled racial abuse at her because of her skin color. “I will not back down because of the people who criticized me,” Khadija Ben Hamou told Algerian news site TSA. Slurs about her dark skin colour, nose, and lips have been made on Facebook and Twitter. ALSO READ: Tunisia Becomes Second African Country And First Arab Nation To Outlaw Racism. Here Is What Will Happen If You Break The Law Darker-skinned Algerians face discrimination in the North African state. Ms. Ben Hamou, who…
President Uhuru Kenyatta has urged local motor vehicle assemblers to innovate ways of producing quality vehicles that are affordable for Kenyans. The President said this will discourage the buying of imported used vehicles that are being sold at lower prices than those assembled locally. ALSO READ: Is Kenya Becoming The New Dubai? “We have to think outside the box. I encourage you to come up with real solutions in the motor vehicle industry that will benefit Kenyans,” he said. The President spoke on Wednesday at State House in Mombasa when he met members of the Kenya Manufacturers Association. They discussed the national automotive policy that is…