Africa Economy Featured General 

Mo Salah brings hope and pride back to weary Egyptians

Mohamed Salah’s beaming face adorns huge advertising billboards across Egyptian cities. Merchants seeking to tap into his soaring popularity are selling bed linen and lanterns, traditionally given to children during the holy month of Ramadan, emblazoned with his image. In a popular café in downtown Cairo, a huge mural of Mr Salah has added a youthful look to a painted pantheon of past Egyptian greats, including Nobel laureates and Umm Kulthum, the renowned diva. After years of political turbulence, polarisation and economic hardship in the Arab world’s most populous nation, Egyptians…

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Africa Education Featured General 

10 Vital African Wedding Traditions You Should Know About (Photos)

An old African proverb says, “A man without a wife is like a vase without flowers.“ Africa, is made up of many nations and tribes with wedding traditions rooted deeply into the culture. Here is a quick look at 10 African wedding traditions. Bemba In the Bemba culture of Zambia, marriage starts with a class called Bana Chimbusa, a secret counselling session for the bride. The class is followed by Chilanga Mulilo, where the bride’s family takes different family dishes and presents them to the groom’s family, giving a symbolic…

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Africa Business Economy General 

African steel demand is expected to hit 3M tonnes per year by 2050

WASHINGTON D.C., United States of America, March , 2018/ — In 2015, The economist published “It’s a STEEL!” analyzing Chinese strategy of their over-production of steel. There may be reason to be suspicious of Chinese steelmakers’ motives. To some, it looks as if China simply wants to export its domestic pollution abroad. Officials are desperately trying to close dirty domestic steel plants. Persuading China’s Iron and Steel Association to do their business in Africa neatly blends environmental concerns with the government’s geopolitical motives to push investment in Africa. But now it seems that US Steel Industry…

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Africa General Sports Technology 

The World’s Premier Mountain Bike (MTB) Race Joins Forces with LiveU to Provide Highest Quality Live Coverage

CAPE TOWN, South Africa, March, 2018/ — The world’s most televised mountain biking race, The Absa Cape Epic (www.Cape-Epic.com), has teamed up with LiveU (www.LiveU.tv) to provide live coverage of the 8-day mountain bike stage race in South Africa’s Western Cape. The Prologue and Grand Finale will be broadcast live on TV, with the Grand Finale being broadcast in more than 50 countries around the world. During the intermediate days, a full live streaming broadcast of the racing will be streamed online to the Absa Cape Epic’s Facebook page. The…

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Africa Education General 

MIT and Mastercard Foundation Launch 2018 Zambezi Prize for Innovation in Financial Inclusion

CAMBRIDGE, United States, March 12, 2018 – The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent. There are multiple awards and opportunities available for finalists. The grand prize winner will be awarded $100,000 and the two runners-up will each…

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Africa Business Economy General 

The Gauteng Province and GE Sign Memorandum of Understanding to Advance Economic Development

Under the MoU, GE and the Office of the Premier will work together to identify critical areas for collaboration and leverage on the vast economic opportunities within the Gauteng Province JOHANNESBURG, South Africa, October 13, 2017/ — The MoU covers collaboration in the Energy and Healthcare sectors. Through the collaboration, GE will support the Premier’s Office’s “Tshepo 1 Million” youth empowerment programme, which focuses on creating employment and entrepreneurship opportunities for the Gauteng youth. The Gauteng Province (www.Gauteng.gov.za) and GE (www.GE.com) have signed a Memorandum of Understanding (MoU) to collaborate on…

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4th World Forum on Local Economic Development: African Local Governments to examine the informal economy and climate change

The theme of the 4th edition is, “The contributions of local economic development to the implementation of the 2030 development program” RABAT, Morocco, October 13, 2017/ — The City of Praia (Cape Verde) will host the 4th World Forum on Local Economic Development (LED), October 17-20, 2017. Over 1,500 participants from 120 countries are expected to attend the meeting organized by UNDP (United Nations Development Program); UCLG (United Cities and Local Government); ILO (International Labor Organization); FAMSI (The Andalusian Fund of Municipalities for International Solidarity); and ORU-FOGAR. UCLG Africa (http://APO.af/RHgtRo),…

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Africa Business Economy General Technology 

Global leader in online gaming selects Angonix, Africa’s third largest IXP

Angola’s largest IXP welcomes i3D.net as its first remote peering customer LUANDA, Angola, October 13, 2017/ — Angonix (www.Angonix.net), Angola’s largest Internet Exchange Point (IXP), today welcomed i3D.net as its first remote peering customer. i3D.net is a managed hosting provider specialising in online gaming that hosts tens of millions of players for game publishers on the Microsoft Xbox and Sony PlayStation networks. i3D.net joins 17 other companies at Angonix, Africa’s third largest IXP. According to Darwin Da Costa, project manager at Angonix: “With the Remote Peering services from Angola Cables,…

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The new kids on the blockchain, Modex, announces Initial Coin Offering in Financial Times Arab Banking and Finance report today

Modex is building on its existing fintech payment application, Moneymailme. The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem   Borderless social payment ecosystem is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia LONDON, United Kingdom, October 13, 2017/ — Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible. Modex,…

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Africa Business Economy Featured General 

Best Ideas to Invest in Gold

In the modern world, many people invest in Gold. Unlike other invest options, Gold investments are consider to be resistant to financial fluctuations. The securities and money markets tend to keep fluctuating and it is becoming more difficult to predict the value of stocks. The Gold assessment on the other hand tends to be more stable with little fluctuation. This may be the reason why many people turn to investing in Gold as opposed to other investment options. The two most common types of Gold investments are Gold Bullion Coins…

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