Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these heavy-hitters in the competition for investment, according to the newly released Africa Risk-Reward Index developed by Control Risks ) and Oxford Economics.
Ghana, Kenya and Malawi will pilot the world’s first malaria vaccine from 2018, offering it for babies and children in high-risk areas as part of real-life trials.
Africa’s top tomato paste maker, Chief Eric Umeofia, has set machinery in motion to set up manufacturing concerns in four additional African countries—Kenya, Cameroon, Cote d’Ivoire and Ethiopia.
NAIROBI, Kenya – A Kenya hospital official says a descendant of British aristocrats who twice had been accused of murdering locals has died after cardiac arrest.
Doping scandals have reduced public interest in the Olympics, according to a poll for the BBC World Service.
A majority of 57%, from 19,000 people surveyed across 19 countries, said doping has had “a lot” or “some” negative effect on the level of attention they will pay the Games.
Respondents from Germany and the host nation, Brazil, were least affected.