Word: africa
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Sitting in his majestic home in northern Johannesburg, Richard Maponya tells a story. After building up a retail empire in the 1960s and 1970s, South Africa's first black tycoon fought for six years to become a racehorse owner when the Jockey Club of Southern Africa (now known as the National Horseracing Authority) was a white-only bastion. But once he was admitted (after a lengthy legal battle), he couldn't resist the temptation to needle his adversaries. "I called my first horse Another Color," the 80-year-old Maponya recalls. "On his third time out, Another Color came scorching...
...Carmakers aren't just targeting India. Tata Motors has plans to export its econobox to Southeast Asia and Africa as well. Ratan Tata, the chairman of Tata Motors' parent company, Tata Group, believes they can eventually sell as many as a million cheap cars a year worldwide. That may be a realistic assessment. Globally, up to 3.7 million of such vehicles could be sold annually within the next few years, mostly in fast-growing markets like Brazil, China, India and Russia, says Abdul Majeed, a partner at PricewaterhouseCoopers in Chennai (formerly Madras). "It's all about affordability and fuel efficiency...
...link the floods directly to global warming but the number of "extreme rainfall events" is definitely on the rise - a fact confirmed by the World Meteorological Organization (WMO), which reported that 2007 has been marked by extreme weather not just in South Asia but worldwide. Examples: South Africa and parts of South America have experienced freak snowfalls in recent months, while heat waves across Russia and Southern Europe set new high-temperature records in some cities; the U.K. and Germany were hit by spells of torrential rain exceeding any in more than a century. The WMO, a branch...
High-Speed Internet for Africa...
Less than 4% of Africa's population has Internet access, but that may be about to change. Until now, Africa's only connection to the network that powers the Internet was a submarine cable running from Portugal down the west coast of Africa. Now the International Finance Corp., the private-sector arm of the World Bank Group, is investing up to $32.5 million in an undersea fiber-optic-cable project called the East African Submarine Cable System (EASSy), reaching approximately 250 million more people. Here are the parts of Africa that will be newly wired...