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Photo: coca-colacompany.com
Coca-Cola Pays $3.15B To Buy Out AB InBev From Their African Bottling Joint Venture
Airbnb, Cape Town. Photo: airbnb.com/rooms/9483988
1 In 4 African Airbnb Properties Is In Cape Town: How It’s Changing The Way People Buy Homes
Christo Wiese. Photo: Getty
Is Steinhoff Planning A Shoprite Takeover? Merger Could Create A Firm To Rival Walmart
Shola Akinlade and Ezra Olubi, founders of Nigerian payments startup Paystack. Photo: Techpoint.ng
Why Are Comcast, Tencent Investing In A Nigerian Payments Startup, And What’s The Trump Connection?
Sol Kerzner has built hotels and resorts throughout the world. Photo: SA newsAFKI Original
12 Things You Didn’t Know About South African Business Magnate Sol Kerzner
Prince Harry in Lesotho. Photo: PA:Press Association/thesun.co.uk
Why Prince Harry Is In Love With Lesotho, ‘Kingdom Of The Sky’
Latest News
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Agriculture
An Investment Banker’s 54 Christmas Wishes For African Economies In 2017
By Kurt Davis Jr., 4:29 pm AFKI Original
A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.
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Basketball
US’s NBA To Open First African Basketball Academy In Senegal
By Dana Sanchez, 2:32 pm
The U.S.’s National Basketball Association is on a fast track to build a brand in soccer-crazy Africa. The NBA held its first game in Africa in August 2015.
Now it’s launching its first African basketball academy for boys and girls. This will be the NBA’s sixth academy globally. This is its latest move to unearth talent from outside the U.S. and extend the league’s reach into new territories. Amadou Gallo Fall, the NBA’s vice president for Africa, is originally from Senegal. -
Business
It’s Back: South Africa Invites Foreign Financing ‘Solutions’ On Nuclear Fleet, Cites Koeberg Success
By Dana Sanchez, 12:46 pm
Nuclear fleet South Africa – it’s back. After many delays, SA has invited foreign financing solutions, formally jumpstarting its stalled nuclear build program. It put out a request for information from potential foreign contractors. Despite public protests, the government wants to build a new fleet of nuclear power stations. A RFP was delayed following reports that Russia had already secured the deal. France, U.S., China and South Korea are interested too. One thing SA has on its side is experience.
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Business
Nigeria, Angola And Debt: Borrowing Big To Support The Budget In 2017
By Kurt Davis Jr., 10:11 am AFKI Original
It is the end of the year, a time when companies close the books and forecast 2017. As African governments roll out 2017 budgets or budget adjustments, it’s an ideal time to take an early look at the two gigantic problem countries — sub-Saharan Africa’s second- and third-largest economies. A sustained low oil price could all but doom these African budgets and burden their economies. Will debt markets be willing to service Nigeria? President dos Santos said he is prepared to step down — not bad timing. Angola may be the giant taking the hardest punches.
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Business
12 Interesting Facts About Loyalty Programmes In South Africa
By Peter Pedroncelli, 3:58 am AFKI Original
Much like in the United States, rewards and loyalty programmes are popular in South Africa, with numerous retail and business giants structuring schemes that benefit loyal consumers as they understand the value of building a relationship with their customers. There are many well-structured loyalty programmes currently running in South Africa, with millions of consumers enjoying benefits, earning points and taking up offers that these plans afford them.
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Business
Arrested On Suspicion Of Bribery In Africa: Israeli Billionaire, Former Official, Others Implicated
By Dana Sanchez, 1:29 pm
Steinmetz’s attorney says his client is determined to prove his innocence. He says Guinean President Alpha Conde is trying to cover his own corruption by confiscating Steinmetz’s mining rights. The investigation is being conducted in the U.S., Switzerland and Guinea, part of a global push led by the OECD to address official corruption in member states, an Israeli newspaper reported. Guinea is not an OECD member. There are no African member countries in the Paris-based Organisation for Economic Co-operation and Development.
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Tourism
Baked Beans, Gospel Music, And 8 Other Reasons To Love Swaziland
By Marinda Louw-Coetzee, 7:00 am
As I sat down for breakfast under a thorn tree at the Hlane Royal National Park, two waitresses swayed in my direction, singing. They were serving plates of bacon, eggs, sausages and baked beans. “Jesus, touch me,” Millicent sang as she served me. Swazis love their baked beans and gospel music, but there are other reasons to visit this tiny country, squeezed between South Africa’s Kruger National Park and Mozambique. Whether you like baked beans or not, Swaziland will blow you away.
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Business
12 International Artists And Events Who Are Performing In South Africa In 2017
By Peter Pedroncelli, 3:39 am AFKI Original
South Africans will be able to enjoy a number of international artists and events in 2017, with the likes of Justin Bieber and the Blue Man Group touching down in the country next year. We take a closer look at 12 international artists and events that South African audiences will be able to look forward to during 2017.