Tag Archives: Million

Airlines Recoup $500 Million in Blocked Funds From African Countries – Skift



Editor’s Note: Gateway is a Skift series featuring first-hand, original stories from our correspondents embedded in cities around the world. The logo reflects where the correspondent is based and not necessarily the article’s focus. Read about the series here.

The International Air Transport Association is finally making headway in resolving the issue of blocked funds, which has left airlines flying into certain African countries owed millions of dollars.

Wind the clock back to late 2017 and governments across Africa had blocked nearly $1 billion in payments due to global carriers. The likes of Nigeria, Sudan, Angola and Mozambique were amongst the worst offenders, their economies hard hit by the slump in the price of oil and other commodities.

“These countries were overly dependent on…

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Alibaba Founder Jack Ma Launches $10 Million Program For African Start-ups


Chinese Billionaire and Alibaba Group’s executive chairman Jack Ma has launched a new initiative called the Jack Ma Foundation Netpreneur Prize in South Africa –a $10 million program that aims to promote and accelerate the work of African entrepreneurs developing tech-driven solutions.

The program, which will be rolled out over the next 10 years to 100 entrepreneurs, is focused on grassroots innovation, economic empowerment of women and small business.

Resource -rich Africa is also emerging to be a hub for entrepreneurship, especially in the digital sector. E-commerce platforms such as South Africa’s Takealot, Nigeria’s Jumia and Kenya’s Kilimall are springing up in the continent as the enterprising Africans tap into the region’s consumer power. Africa’s potential to build a…

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International African American Museum set to break ground early next year after $11 million pledge


click to enlarge

  • Provided
  • Designs for the International African American Museum at Gadsden’s Wharf

Charleston’s International African American Museum…

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Alibaba Founder Jack Ma To Launch $10 Million African Entrepreneurial Prize



Alibaba founder Jack Ma is in South Africa for the first time to launch a new initiative for African entrepreneurs with $10-million in funding. Called the …
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Charleston Naval Base organization pledges $11 million to Africa – Live5News.com | Charleston, SC


CHARLESTON, SC (WCSC) -

The Charleston Naval Complex Redevelopment Authority’s board unanimously approved an $11 million donation to the International African American Museum.

“The IAAM will tell an important part of our nation’s history,” RADM William L. Schachte, Jr. (USN) (Ret.) said. “Part of our mission at the Charleston RDA is to help revitalize the Tri-County area. The IAAM will certainly impact our region and communities well beyond South Carolina, in a positive way.”

In 1994, the South Carolina Legislature created the Charleston RDA to redevelop the Charleston Naval Complex and revitalize the surrounding communities after the federal government announced the impending closure of the complex. At the time of closing, more than 6,000 civilians and more than 8,000…

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This tiny worm has saved South African companies more than R400 million


A microscopic worm, called a nematode. (Getty Images)

  • Scientists are breeding billions of microscopic worms to kill an invasive wasp in plantations all over the country.
  • The Sirex wasp is a serious threat to South Africa’s pine industry
  • Originally from Eurasia and North Africa, Sirex noctilio is one of many invasive species that are finding their way to South Africa

Every Monday, scientists at the University of Pretoria’s biological control facility send small plastic sandwich bags containing a cloudy liquid and more than 6-million microscopic worms, called nematodes to pine plantations all over the country.

Since 2007, the South African Sirex Control Programme, a collaboration between academia, government and Forestry South Africa, has reduced Sirex-related pine losses by…

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