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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/

IMF Staff Concludes 2016 Article IV Mission to Equatorial Guinea

by Africa Business on Jul 17, 2016



A mission from the International Monetary Fund (IMF), led by Montfort Mlachila, visited Malabo from June 29 to July 13 to conduct the 2016 Article IV consultation discussions. At the conclusion of the mission, Mr. Mlachila made the following statement: “Equatorial Guinea has for two decades been one of Sub-Saharan Africa’s (SSA) largest hydrocarbon exporters. …Read More

Call for Zimbabwean Illegal Wildlife Challenge Fund project bids

by Africa Business on Jul 17, 2016



The United Kingdom’s Department of Environment, Food and Rural Affairshas launched the third round of the Illegal Wildlife Challenge Fund that eligible Zimbabwean organisations can bid for to access funding to curb illegal wildlife trade and promote wildlife conservation initiatives. Ambassador Catriona Laing said: The UK is at the fore front of tackling Illegal wildlife trade …Read More

“Unlock The Sea” – Underwater Discoveries Unveiled at Le Meridien Fisherman’s Cove, Seychelles

by Africa Business on Jul 17, 2016



Le Meridien Fisherman’s Cove, Seychelles (www.LeMeridienFishermansCove.com), launched “Unlock the Sea”, a unique programme to help the creative and curious minded traveler experience and explore the island and ignite their inspiration with an incredible underwater encounter. Created in partnership with The Marine Conservation Society Seychelles, this interactive program helps guests discover a treasure trove of marine …Read More

Uganda: Lethal Response to Killings

by Africa Business on Jul 17, 2016



The Ugandan government should investigate the killings of at least 50 people in the Rwenzori region, 17 of them by security forces, between February and April 2016, and make the findings public, Human Rights Watch said today in a letter to the police inspector general. A Human Rights Watch investigation found that members of the …Read More

ZIFF 2016 Awards Powerful Films

by Africa Business on Jul 17, 2016



Under the beautiful Zanzibar skies, ZIFF 2016 awarded some of the best films from across the globe.  ZIFF 2016 has seen over a week of film screenings and special events enjoyed by over 60 visiting filmmakers alongside hundreds of invited guests and thousands of Zanzibaris and visitors.   The Old Fort was the backdrop for …Read More

How GS1 Barcodes have revolutionized the Prison System

How GS1 Barcodes have revolutionized the Prison System

by Africa Business on Jul 17, 2016



With the drastic increase in crime, the prison systems in South Africa as well as throughout the world been forced to expand in order to accommodate the rising number of inmates.   This has led to the increasing need to develop a system to regulate and control the prison environment.  It is critical that the prison …Read More

New pilot initiative in Kaduna will boost inclusive growth in African food industry

by Africa Business on Jul 14, 2016



As Nigeria embraces a challenging economic diversification process, the United Nations Sustainable Development Goals Fund (SDG-F) is working in Kaduna to pilot an innovative approach aimed at revamping the food sector to creating new jobs for young people, increase farmers’ revenues, improve productivity, enhance nutrition and reduce food loss through more sustainable production practices. UN …Read More

IATA Signs MoU with The African Union Commission

by Africa Business on Jul 14, 2016



The International Air Transport Association (IATA) and The African Union Commission (AU) signed a memorandum of understanding (MoU) to expand strategic cooperation to further the continent’s economic and social development with the benefits of safe, efficient and sustainable air transport in Africa. The MoU was signed by Tony Tyler, IATA’s Director General and CEO and …Read More

Novare Africa Property Fund II Closes With $350 Million For Investment

by Africa Business on Jul 14, 2016



Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016. The fund, which will be listed on the Mauritius Stock Exchange at the end of July 2016, has raised …Read More

IMF Executive Board Completes Eighth Review of Niger’s ECF Arrangement and Approves US$17.1 Million Disbursement

by Africa Business on Jul 13, 2016



On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) completed the eighth review of Niger’s economic performance under theprogram supported by an Extended Credit Facility (ECF) 1 arrangement. The completion of the review enables an immediate disbursement of SDR12.34 million, (about US$17.1 million), bringing total disbursements under the ECF arrangement to SDR 107.745 …Read More

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