Archive for the ‘Africa’ Category

High Spending on Arms in Africa

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THE north-eastern Nigerian town of Chibok is spared little. Earlier this year fighters from the extremist group, Boko Haram, abducted more than 200 local schoolgirls. In the past week insurgents and government troops have traded possession of urban districts and surrounding farmland, leaving much of it burnt.

The Nigerian army, one of the biggest in Africa, should have little difficulty scattering the amateur jihadists. But its arsenal is decrepit and its troops poorly trained. Hence the government’s decision to spend $1 billion on new aircraft and training, among other things. Critics question how much will go towards appropriate kit (never mind how much gets stolen by corrupt generals) and whether it is sensible to lavish resources on a force implicated in atrocities and human-rights abuses.

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The Economic Consequences of Ebola

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The Economic Consequences of Ebola

While African countries are rolling out measures to stop Ebola from spreading, their double digit Economic Growth has been slowed. Since August 2014, South Africa on has banned travellers from Ebola-stricken countries from entering the country, and on Senegal announced it was closing its border with Guinea as a preventative measure, while Chad said it had closed its border with Nigeria. This ban on travel has meant imports and exports are affected, far beyond the borders of the affected countries. Riots broke out in a slum in Liberia’s capital, Monrovia, as residents desperate for food rations battled police. The World Food Programme (WFP) said that about 1 million people are facing food shortages because of quarantines around the region.  The fear of Ebola has hit African hotels and tourism companies hard – nowhere more so than at the epicentre of the crisis, Sierra Leone.

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Kibera Examined

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Kibera: Nairobi’s Biggest Slum Challenges the Development Narrative

Kibera is home to between 150k to one million people. The population is transient and undocumented so its difficult to fix a figure.

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Oprah finds many ways to Give Back

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A little-known statistic even the most altruistic don’t realize until they wade into heavy-duty giving: The majority of philanthropic initiatives don’t work; 75% close up shop in their first year. Even so, there’s merit in the effort: As in business, failures lead to insights and breakthroughs. With her immense wealth, Oprah has sort to make a difference in lives through education and various other charitable projects.

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The Billion Dollar Man – Patrice Motsepe of South Africa

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THIS SOUTH AFRICAN BILLIONAIRE PLANS TO GIVE HALF OF HIS MONEY TO CHARITY

Patrice Motsepe is worth $2.7 Billion as of March 2014. He is age 52, and made his monthy from mining.
He resides in Johannesburg, South Africa and is married with 3 children.

Raised in a poor rural area, Patrice Motsepe lays claim to two firsts. He is both South Africa’s first black billionaire and in January 2012, he became the first African to sign Bill Gates and Warren Buffet’s Giving Pledge. His publicly traded mining conglomerate, African Rainbow Minerals (ARM) has interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. He also holds a stake in Sanlam, a publicly traded financial services company. Motsepe trained as a lawyer and became the first black partner at the Bowman Gilfillan law firm in Johannesburg and then started a contracting business doing mine scut work.

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Who is the wealthiest black women of them all?

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Who is the wealthiest black women in the world?  It might not be whom you think it is.  The Wealthiest black women currently is Folorunsho Alakija, a 61-year-old oil tycoon from Nigeria, is reportedly worth at least $3.3 billion, or $500 million more than Oprah’s $2.7 billion net worth.

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Ethiopian shoemaker takes great strides

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Eight years ago Ethiopia’s Bethlehem Tilahun Alemu decided to sell cool colourful shoes made of recycled materials, including car tyres.

The company which she started, SoleRebels, would soon become the planet’s first fair trade green footwear firm – certified by the World Fair Trade Organization (WFTO) – and is now one of Ethiopia’s most thriving businesses.

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Nigerian music producer on the advantages of being blind

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Nigeria’s Cobhams Asuquo is one of his country’s leading music producers and has helped propel to stardom singers like Asa, whose 2007 debut album became an international hit.

In addition to producing the album, he wrote and co-wrote several of its songs.  Blind from birth, he says he always had a keen ear for music and would coax a tune from anything he could get his hands on.

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African coffee champion takes on Uganda challenge

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Although the stimulating properties of coffee are thought to have been discovered in Africa – according to legend, by an Ethiopian goatherd – the consumption of the beverage is not as widespread in the continent as it is elsewhere in the world.

That has been a major problem for Africa’s champion barista Roberts Mbabazi from Uganda, a nation of tea-drinkers, which is one of the world’s biggest producers of Robusta beans. ”Ugandans don’t really drink coffee. That has been my biggest challenge. Someone will ask you: ‘Why coffee? Why can’t I take tea? Why can’t I take a soda or a mineral water,” he told the BBC’s series African Dream.

The Ghanaian woman who made millions fighting skin-bleaching

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Ghana’s Grace Amey-Obeng, one of West Africa’s most successful businesswomen, made her fortune promoting products which emphasised the beauty of the black skin, at a time when many of her competitors were selling dangerous skin-bleaching formulas.

The business empire she started a quarter of a century ago with around $100 (£63) now has an annual turnover of between $8m and $10m.

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