Why cassava may be the answer to Africa’s hunger problems

Climate change could have a significant impact on African agriculture over the coming decades. In a report last year, the African Development Bank even speculated that the continent’s economic growth will decline by around three per cent per year due to the effect of climate change on rain-fed farming. Can cassava beat climate change in Africa? While it is impossible to accurately predict the impact of climate change, one crop could potentially guarantee Africa’s food security, regardless of the weather. Scientists have found that cassava, the rugged root crop that looks like a sweet potato, will brush off expected temperature rises of up to 2°C in sub-Saharan Africa by 2030. … Continue reading

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The woman behind M-PESA:
Anyone with a 10 dollar phone can participate

M-PESA has changed the way money moves around in Kenya and has made a big difference to many people’s lives, offering them a safe, secure and low-cost way of transferring money, paying bills, receiving wages and running small businesses. At the time when M-PESA was still merely an idea, mobile commerce expert Susie Lonie was recruited to develop and manage the project on the ground in Kenya from pilot to commercial operation. Lonie was recently also the joint winner, together with Nick Hughes, in the Social and Economic Innovation category of The Economist’s Innovation Awards 2010. In an exclusive interview with How we made it in Africa, Lonie talks about … Continue reading

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PORSCHE ARRIVES IN LAGOS

Nigeria’s super rich are no strangers to conspicuous consumption, and there’s no better way to flaunt your wealth than by buying a brand new European sports car. German carmaker Porsche officially opened a new car dealership on Friday in the heart of Lagos’ wealthiest district, Victoria Island, a place with one of the world’s highest concentrations of millionaires. There are already dealerships specialising in Aston Martin and Lamborghini, but Porsche hopes to capitalise on a promise of providing sturdier vehicles that can cope with Nigeria’s rough roads. Its presence is being seen as a vote of confidence in the West African nation’s fast-growing economy. Porsche also plans to set up … Continue reading

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From IT technician to flower farmer – Peter Murimi’s success story

By James Karuga Peter Murimi In 2002 Peter Murimi from Njabini in central Kenya completed a diploma in information technology (IT) and, like many young Kenyans, was determined to land an office job. He seemed destined to fulfill that ambition after a Dutch man he befriended offered him an IT technician position in his flower company. However, a five month job stint there altered his life’s trajectory. Today Murimi is a successful flower farmer raking in millions of Kenyan shillings from exports to Europe. Having begun on half an acre of land, Murimi today grows four flower varieties on eight acres of land in Njabini. His foray into growing and … Continue reading

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Africa’s poor transport system not “impediment” to business

Speaking at the Ernst & Young Strategic Growth Forum in Cape Town last week, managers from both DHL and Engen identified Africa’s weak transport infrastructure as a major challenge of operating on the continent. Both, however, said that managing this and the continent’s other difficulties are not impossible. Charles Brewer has been managing director for sub-Saharan Africa at logistics company DHL Express for little over one year. He described the past year as “52 weeks of smiles and tears. There is not a single week that goes by where you don’t have an enthusiastic and very positive experience, but equally there is not a single week that goes by where … Continue reading

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KFC looking for African farmers capable of supplying chickens

African farmers have a chance to start making big money by selling their products to Yum Brands! the American-bases owner of Kentucky Fried Chicken (KFC). Chicken farmers in countries like Uganda, the Democratic Republic of Congo, Malawi, Angola and Tanzania, to name a few, may be encouraged by the fact that if they developed their chicken farms, chances are that they now have a customer willing to buy their produce in big numbers.  Yum Brands! plans to expand its KFC fast-food chain into seven more countries across Africa in 2012 and add 100 stores on the continent, as it seeks to tap into a rising middle class and strong economic … Continue reading

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Shoprite set to open store in DRC

South Africa-based pan-African retailer Shoprite Holdings plans to open its first store in the Democratic Republic of Congo (DRC) before June 2012. Shoprite, which has a presence in 15 African countries outside South Africa, has up to now stayed away from the DRC, a country notorious for its difficult business environment. In their Doing Business 2012 report, the World Bank and IFC ranks the DRC in position 178 out of a total of 183 economies. Jeremy Wiley, a well-known South African businessman who recently established a property services firm, CongoProp, in the south-eastern city of Lubumbashi, says the DRC “is not an easy environment . . . but if you … Continue reading

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No Smart Phone? Don’t worry:
Facebook soon to be available on any phone in Africa

Much has been written about the stunning growth of mobile telephony in Africa. It is estimated that the continent will have more than 735 million subscribers by the end of 2012. However, a large percentage of the mobile phones in Africa are very basic models with no internet connectivity, and subsequently no access to social networks such as Facebook. This is set to change. Mobile operator Orange has launched a service that will allow users to access Facebook from even the simplest handsets. “Facebook is already well established in Africa, since it already has 40 million users. On the other hand, most of these users are on fixed connections. And … Continue reading

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Political heavyweights eyeing World Bank presidency

Written and Researched by Robert Asketill An international scramble for the most powerful job in development economics is under way after Robert Zoellick announced that he would step down as president of the World Bank when his first term expires in June. The post is one of the most coveted in Washington, and speculation on who will fill it has so far focused on heavyweight figures from American politics including Hillary Clinton and the former White House chief economic adviser Larry Summers. Lael Brainard, US Under-Secretary of the Treasury for International Affairs is also said to be a contender, though her position is complicated by her role as head of … Continue reading

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Miners calibrate the cost of operating in lawless lands

By Greg Klein The Democratic Republic of the Congo is famously rich in mineral deposits. It is also notorious for destitution, corruption, sectarian violence, child soldiers and atrocities. Last November, election violence forced African Metals TSXV:AFR to evacuate expatriate personnel constructing its Luisha South Copper-Cobalt Property in Katanga Province. The workers have since returned following the re-election of Joseph Kabila, although his record of expropriation can hardly be reassuring to miners. Luisha’s plant is slated for production early this year. Last October, in South Kivu Province, on the DRC’s eastern border with Tanzania, Burundi and Rwanda, Banro Corp TSX:BAA opened the country’s first gold mine in 50 years. Banro plans … Continue reading

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