DIAA Says MOBILE MONEY USERS SAVE 19,329,887 MILLION HOURS A MONTH

A recent study by Digital Impact Awards Africa (DIAA) has revealed that at least 5,000,000 regular users of mobile financial services in Uganda during a 3 months period spent 7,113,356 man hours (296,390 man days) to clear simple financial transactions and saved 57,989,660 productive hours (An average of 19,329,887 million hours a month) that would otherwise be spent on using traditional transactions payment means. read more

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Blockchain’s powers goes way beyond Africa’s wheel of finance

Blockchain, the digital ledger that underpins cryptocurrency Bitcoin, is a software platform for digital assets; a clever piece of distributed database technology, which is waging a silent revolution that could take it way beyond its financial roots to radically change the way our society works. read more

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With Sukuk & Innovation Driving New Growth Momentum, the Prospects for Islamic Finance in Africa Look Increasingly Promising

Despite being in the early phases of development, the Islamic finance industry in Africa is fast gaining the attention of key stakeholders including central banks & regulatory authorities, as well as the leading international Islamic financial institutions and investors seeking to tap into high-growth opportunities on the continent read more

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Guinea: Real growth is expected to 6.7% in 2017

  • Significant progress was made in discussions of the economic policies and reforms that could be supported by a new IMF arrangement
  • Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance;
  • Average inflation would remain moderate at 8.5 percent in 2017.

An International Monetary Fund (IMF) mission led by Giorgia Albertin visited Conakry from July 31 to August 15, 2017 to negotiate a new program that could be supported by an Extended Credit Facility (ECF). read more

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USTDA Connects U.S. Companies to Wind Power Opportunities in Zambia

The U.S. Trade and Development Agency awarded a grant supporting a feasibility study for a 130 MW wind power project in Zambia. The grantee is Access Zambia Wind One Limited, a wind power project developer and subsidiary of Access Power, a Power Africa partner and developer, owner, and operator of power assets in emerging and frontier markets. read more

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Transparent and sustainable mining industry is the key to building Mali’s growing economy

Mali is the third largest gold producer in Africa and gold mining has become a mainstay of the economy with a high potential of funding economic development and poverty reduction. With the country’s improving governmental policies encouraging a more sustainable transparent and diversified mining sector, Mali has become a hotspot for foreign investment and major extractive companies focusing on other minerals in the country as well such as uranium, bauxite, iron, manganese and phosphates. read more

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ECA launches the 2016 Malawi country profile

The Country profiles provide evidence based information and analyses on socio-economic trends and tracks progress in areas of regional integration, gender equality and social development in member-states read more

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AGOA Support Industrialisation and Regional Value Chains in Sub-Saharan Africa

AGOA is a unilateral Act of Congress that was introduced in 2000 to provide duty-free quota-free treatment for over 6 000 tariff lines into the United States market read more

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LUX* implements 100% renewable energy production project on Ile des Deux Cocos property

LUX* Resorts & Hotels has implemented 130 solar panels and batteries to fully substitute diesel-based power generation for the needs of Ile des Deux Cocos, off-grid South-East Mauritius (www.iledesdeuxcocos.com/fr). The 20kWp project’s state-of-the-art design and storage solution will allow for 11 hours of utilization daily and fulfill self-sufficiency of the property including during night-time. read more

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FinTech is Accelerating the Digital Transformation of Banking in Africa

Due to their potent blend of trail‐blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, further spur incumbent banks to rapidly ramp‐up their own innovation initiatives to meet the financial needs of under‐served markets across the continent. read more

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Next generation of entrepreneurs gets a hand up at Small Business Expo

South Africa’s most innovative junior entrepreneurs will again gain exposure to the real world of business, when Eskom’s SimamaRanta finalists participate in the Small Business Expo in Johannesburg. read more

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African Real Estate & Infrastructure Summit comes to Gauteng in October to focus on continent’s urban opportunities and challenges

Africa’s cities are facing an urban ‘polycrisis’ read more

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Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy

Ehiedu Iweriebor, Phd, professor of history in the Department of Africana and Puerto, Rican/Latina Studies, Hunter College, City University of New York, USA

The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. The Nigerian economy, since independence, has been operated by the maintenance of the neo-colonial system of development incapacitation, primary commodity export, dependency and poverty generation. Its basic and long-standing focus has been on the expanded production and export of primary commodities, such as agricultural products like palm oil, groundnut, cotton, cocoa, rubber in the 1960s and 1970s and subsequently crude oil since the 1970s. But as raw material export depends on external demand, it does not activate autonomous and secure economic activity. Therefore, the Nigerian economy has no internal capacity for mass production and self-propulsion. It is a large, unfree, dependent and unviable economy. read more

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Angola Monitor

Acrobat Reader:

Angola Monitor 2017_3  

O Monitor de Angola 2017_3

Issue 3/2017

The Angola Monitor covers the politics, economics, development, democracy and human rights of Angola. It is published quarterly by Action for Southern Africa (ACTSA). read more

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