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October 2017
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Africa
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October 20, 2017

African Airbnb hosts made R1.8 billion this year

In the last year, home owners in Africa who listed parts of their house or the whole dwelling on the app-based hospitality booking service Airbnb have made nearly $140 million (R1.8 billion) in profit.

A report on the global economic impact of Airbnb was released by the global tech company this week. It shows Africa now has over 100 000 listings across the continent, concentrated mainly in SA, Morocco, Kenya, Tanzania and Nigeria.

The company, founded in San Francisco in 2008, is a community marketplace for people to list, discover and book unique accommodation around the world using the Web or a mobile phone. The accommodation ranges from a shared arrangement, to a [...]

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October 3, 2017

Get your slice of the $45bn World Bank pie

The World Bank has urged South African companies to stake a claim to the $45 billion that the group has set aside for projects on the African continent.

Speaking at a seminar on doing business with the World Bank on Friday, Executive Director of the World Bank Group representing Angola, Nigeria and South Africa, Bongi Kunene, urged local companies to make use of opportunities presented by the group.

“This seminar provides a perfect opportunity for us to share with the private sector opportunities that are available in the World Bank Group. We have raised $72 billion for low-income countries of the world. As a board we have decided that US$45 billion of that money will [...]

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October 2, 2017

Zulu museum named as Africa’s best building

A museum built in Durban to celebrate Zulu heritage has won the first Africa Architecture Awards.

uMkhumbane Cultural and Heritage Museum in Cato Manor‚ built for R75-million in 2016 and designed by Choromanski Architects of Durban‚ was unveiled as the $10‚000 (R135‚000) winner on Thursday night at the new Zeitz Museum of Contemporary Art Africa in Cape Town.

The awards‚ sponsored by construction materials giant Saint-Gobain‚ attracted 307 entries from 32 countries. The shortlist of 21 projects‚ as well as the final winners‚ were chosen by a jury of leading African architects and academics.

Saint-Gobain retail division MD Evan Lockhart-Barker said: “Although this [...]

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September 20, 2017

Africa must unite to make Paris Agreement work

President Jacob Zuma has urged the Committee of African Heads of State and Government on Climate Change to work closely together to make the Paris Agreement a success.

“Climate change is a global challenge that requires no one to be left behind. The whole world affirmed this in Paris and Marrakech when the Paris Agreement entered into force on the 4th November last year,” said President Zuma on Monday.

The President was speaking at the Meeting of the Committee of African Heads of State and Government on Climate Change (CAHOSCC) at the United Nations (UN) Headquarters in New York.

The CAHOSCC meeting is hosted by the African Union Commission (AUC) on [...]

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