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Volatile environments test the resilience of firms: The experience of businesses in Nigeria during the 2015-16 FX scarcity

Volatile environments test the resilience of firms: The experience of businesses in Nigeria during the 2015-16 FX scarcity

by Africa Business on Jul 26, 2016



Adapt or leave Even as most firms found it difficult to adapt to the hitherto foreign exchange (FX) scarcity in Nigeria – eased in June 2016 after the Nigerian central bank floated the naira – others embraced it by adopting innovative strategies to remain in business. Shoprite, a South African grocer, advertised in April 2016, …Read More

Why sport is the ‘business’ in the digital content space

by Africa Business on Jul 26, 2016



According to Ant Pascoe, General Manager at TEAMtalk media – a division of the Ole! Media Group – sleeplessness makes for the best marriage (and keeps newsrooms alive and kicking) Monday to Friday, nine to five, that is when business generally occurs and when most corporates take the opportunity to speak to their clients. But …Read More

15,000 Entrepreneurs gather for SAGE Summit 2016

by Joshua Amponsem on Jul 26, 2016



From July 25 – 28th, SAGE is glad to host over 15,000 business owners and entrepreneurs of all background around the world for their annual Sage Summit. The summit which is organized by Sage will be held in Chicago. Sage is the market leader for integrated accounting, payroll and payment systems, supporting the ambition of …Read More

7th Annual Africa Weeks for the Animals Coming July 30-August 14, 2016!

by Africa Business on Jul 26, 2016



The special celebration will highlight the importance that African animals and beautiful people play in the world and provide opportunities to protect and conserve the ever-growing endangered species of Africa. CAPE TOWN, South Africa – Africa Weeks for the Animals is coming July 30-August 14, 2016! The annual celebration is spotlighting animals, advocates, humane orgs, …Read More

IMF Executive Board Concludes Annual Discussions on CEMAC Countries’ Common Policies

by Africa Business on Jul 26, 2016



Growth is projected to be 1.9 percent in 2016, as oil production and investment remain sluggish On July 13, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on Common Policies and Challenges of Member Countries with the Central African Economic and Monetary Community (CEMAC).[1] CEMAC growth was subdued in 2015. It slowed to 1.6 percent, …Read More

British High Commissioner Accra, Jon Benjamin speaks about BREXIT at the World Trade Centre Accra Business Breakfast

by Africa Business on Jul 26, 2016



A diversification of exports to Ghana and exports from Ghana to the UK benefits both of our countries I would like to thank the World Trade Centre for inviting me to talk about BREXIT this morning. I want to make a few points on the referendum and the UK’s trading relationship with Ghana before opening …Read More

UK’s new Minister for Africa – Tobias Ellwood

by Africa Business on Jul 26, 2016



Speaking following his appointment, Mr Ellwood said: “I am incredibly honoured to be continuing as a UK Foreign Office Minister and very pleased to take on responsibility for our work in Africa. “The economic potential of Africa is vast with one third of all African economies expected to grow by 5 % or more this …Read More

Global Capital Fuelling African Property Markets

Global Capital Fuelling African Property Markets

by Africa Business on Jul 25, 2016



This year’s summit will feature various discussions on innovative strategies and collaboration, as well as showcasing new real estate opportunities and projects across Africa Despite Africa’s slowdown; property developers and private equity funds continue to pour investment into the continent, but with more focused strategies.  “Over $1,2 billion has been raised and allocated to real …Read More

Private Sector is Key Driver for Growth in the Middle East and North Africa

by Africa Business on Jul 25, 2016



The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international development and financial institutions. The report from the European Bank for Reconstruction …Read More

Staying the Course, Despite a Relative Economic Slow Down

by Africa Business on Jul 25, 2016



US remains the leading investor into Africa – Africa one of the only two regions in the world achieving growth in FDI project numbers over 2015 – Seven percent rise in FDI projects for Africa – East Africa the biggest gainer, while other key economies recover ground – US remains the leading investor into Africa …Read More

The Diamond Industry and African Socio-Economy

The Diamond Industry and African Socio-Economy

by Joshua Amponsem on Jul 25, 2016



Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest .  In accordance, there has been a substantive growth in the extractive …Read More

Hospitality Jobs Boost in Ethiopia

Hospitality Jobs Boost in Ethiopia

by Eden Sahle on Jul 25, 2016



The Ethiopian tourism industry reached into its record high growth collecting a revenue of 3.5 billion dollars in 2015 while the sector hires over 2 million people according to the Ministry of Culture and Tourism. Though tourism is still at its infant stage even compared to African counterparts, it continues to register growth revealing its …Read More

The Key Reason Startups will Keep Failing in Africa

by Cobe on Jul 25, 2016



By Cobe (Junior Partner at Purple People Consulting) Reading this will only take 5 minutes of your time, but trust me it will be 5 minutes well invested. Why are most startups failing; and particularly in Africa? Does Africa have what it takes for a startup to thrive? You will agree with me that most …Read More

Small Business Expo South Africa September 2016

Small Business Expo South Africa September 2016

by Africa Business on Jul 25, 2016



International Islamic Banking Summit Africa: Djibouti 2016

International Islamic Banking Summit Africa: Djibouti 2016

by Africa Business on Jul 25, 2016



Event Dates – 2nd & 3rd of November 2016 Venue – Djibouti Palace Kempinski, Djibouti Website URL – http://www.ethicolive.com/events/islamicbankingdjibouti/ Hosted by the Central Bank of Djibouti and Held under the patronage of H.E. Ismaïl Omar Guelleh, President of the Republic of Djibouti, Head of Government, IIBSA 2016 will address the 3 key catalysts that are …Read More

UNCTAD Warns on Debt, Says Africa Should Find New Ways to Finance Development

by Africa Business on Jul 22, 2016



African governments should add new revenue sources to finance their development, such as remittances, public-private partnerships, and a clampdown on illicit financial flows, an UNCTAD report said on Thursday, warning that debt looks unsustainable in some countries. This year’s UNCTAD Economic Development in Africa Report 2016 finds that Africa’s external debt ratios appear manageable, but African …Read More

The Sierra Leonean fashion designer who is helping children play their way out of poverty

The Sierra Leonean fashion designer who is helping children play their way out of poverty

by Memuna Forna on Jul 22, 2016



In Sierra Leone, fashion designer Jenneh Mason is best known for frocks and fashion shows. She also dreams of public playgrounds, lots of them, dotted all across the country bringing safe places to play for children who are unlikely to have ever seen one, imagined one or even understand the concept of safe play. She …Read More

The United States Agency for International Development (USAID) Promotes Discussion to Advance Ghana Food Exports

by Africa Business on Jul 22, 2016



On July 21, the United States Agency for International Development (USAID) convened local stakeholders at the Alisa Hotel to discuss Ghana’s sanitary and phytosanitary export certification system. USAID/Ghana Acting Mission Director Steven E. Hendrix and the Honorable Deputy Minister for the Ministry of Food and Agriculture (Crops), Dr. Ahmed Yakubu Alhassan, opened the discussion with …Read More

South Africa: No sign that push into property is slowing, says Dr Andrew Golding

by Africa Business on Jul 21, 2016



Cash-strapped homeowners with mortgages, who are faced with inexorably rising consumer costs across the board, will be relieved at the Monetary Policy Committee’s decision today (21 July 2016) to keep the repo rate steady, says Dr Andrew Golding, CE of the Pam Golding Property group. “Against the backdrop of a sharp spike in global political …Read More

True to form, resilience characterises SA’s property market

True to form, resilience characterises SA’s property market

by Africa Business on Jul 21, 2016



Despite a local and global economic landscape characterised by unusually high levels of economic and political uncertainty, the South African property market remains remarkably resilient, according to the Winter 2016 issue of ‘The Study’, a report which incorporates the Pam Golding Residential Property Index. Published by Pam Golding Properties Research, The Study provides insights into …Read More

Youth Skills Development in Eritrea:

Youth Skills Development in Eritrea:

by Fikrejesus Amahazion on Jul 20, 2016



Recently, the United Nations Development Programme (UNDP) highlighted an exciting skills development program being implemented in Eritrea. Undertaken in collaboration with the National Union of Eritrean Youth and Students (NUEYS) and the Norwegian Government, the program, specifically targeting youths, was scaled-up from a pilot project that was conducted from 2007 to 2011. The skills development …Read More

Democratic Republic of Congo: Government Announce New National Park

by Joshua Amponsem on Jul 20, 2016



In about a decade now, the Democratic Republic of Congo has lost most of its forest cover, amounting to an area of about 31,000 square miles. As described by the Global Forest Watch, Congo has lost a forest area which is equivalent to the size of the country, Austria. Surprising, as it might seem, this …Read More

Diversification and Industrialisation are Critical for the Integration of African Countries into the Global Economy

by Africa Business on Jul 20, 2016



The Minister of Trade and Industry, Dr Rob Davies says African countries need policy space to diversify, industrialise and transform their economies in order to integrate into the global economy. Minister Davies was speaking at the 14th United Nations Conference on Trade and Development (UNCTAD), held at Kenyatta International Convention Centre (KICC) in Kenya. Minister …Read More

Ghana Receives 11.9 Million Euros (GHC 52 Million) from the European Union to Support Decentralisation

Ghana Receives 11.9 Million Euros (GHC 52 Million) from the European Union to Support Decentralisation

by Africa Business on Jul 20, 2016



The European Union (EU) has this month paid 11.9 million Euros (GHC 52 million) to support decentralization in Ghana. The grant supports the decentralization reform process of the country that aims to improve service delivery at the district level. In the framework of the European Union’s Financing Agreement with Ghana, the amount of 11.9 million …Read More

Ghana: Consumer Inflation Rate Drops

by Joshua Amponsem on Jul 19, 2016



The increasing inflation rate in Ghana for the past two years can be related to the country’s wretched economic functioning and fluctuating energy supply which has led to the poor performance of the industrial sector and also increasing unemployment in the country. It is no doubt that inflation affects the standard of living for Ghanaians. …Read More

FAO Study Provides the Most Detailed Snapshot to Date on Trees, Forests and Land Use in the World’s Drylands

by Africa Business on Jul 19, 2016



A new FAO report helps to fill a significant knowledge gap on the presence and extent of forests and trees in the world’s drylands, where the food security and livelihoods of millions of people, already precarious, are increasingly being threatened by climate change. Issued today, the study’s preliminary findings – the full report will be …Read More

2016 U.S. Sub-Saharan Africa Trade and Economic Cooperation Forum

by Africa Business on Jul 19, 2016



The United States will host the fifteenth annual U.S.-sub-Saharan Africa Trade and Economic Cooperation Forum, commonly known as the AGOA Forum, on September 26, 2016, at the U.S. Department of State, in Washington, D.C. The African Growth and Opportunity Act (AGOA) is the U.S. government’s signature trade initiative with sub-Saharan Africa. The AGOA legislation mandates …Read More

Policy coherence needed to turn trade into an engine for growth in Africa

by Gilbert Houngbo on Jul 19, 2016



By Gilbert Houngbo, Deputy Director for Field Operations and Partnerships, the International Labour Organization (ILO) Trade and investment can be drivers of inclusive growth for sustainable development in Africa, says the ILO’s Deputy Director-General for Field Operations and Partnerships, Gilbert Houngbo, at UNCTAD 14 in Nairobi but calls for more integrated policies to realize that …Read More

Bridging South Africa’s Economic Divide

by Africa Business on Jul 19, 2016



David Lipton / Witwatersrand University, Johannesburg Thank you very much for your kind introduction and the warm welcome from the Witwatersrand community. It is a pleasure to be back in South Africa. Let me begin with a tribute to South Africa’s achievements. This country offers an extraordinary legacy of freedom and reason that is a …Read More

Investing in Emerging Markets Summit

Investing in Emerging Markets Summit

by Africa Business on Jul 17, 2016



Date: 16 & 17 November 2016 Place: Sandton, Johannesburg, South Africa Link: http://www.theglobalinvestgroup.com/emerging-markets/

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