Daily Archives: October 31, 2013
Exclusive interview with Mr. Alexander Moskalenko, GCE Group CEO. What prospects do you see for your business in Africa?
Managing director of Product of the Year, Preetesh Sewraj, will assume the mantle of “brand archaeologist” at TEDxSoweto to uncover how the products we use will define our society for future generations.
Le Prix de l’innovation pour l’Afrique 2014 annonce une extension de la date limite pour promouvoir l’innovation menée par l’Afrique
New UK Public Registries to Become the Gold Standard to Combat Illicit Financial Flows
“Stable power supply is critical to West Africa’s economic growth”
Les leaders africains s’engagent à soutenir la compétitivité et le bien-être du continent
The African Guarantee Fund (AGF), the GICAM and Consortium of Banks Sign a Protocol Agreement to Finance and Support SME Businesses in Cameroon
MAPUTO, Mozambique, October 31, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) team, led by Doris Ross, visited Mozambique during October 16-30, 2013, to hold discussions towards the first review under the three-year Policy Support Instrument (PSI) approved in June 2013 (see Press Release 13/231). The team met with the Prime Minister, Hon. Alberto Vaquina, and held policy discussions with the Minister of Finance, Hon. Manuel Chang; the Minister of Planning and Development, Hon. Aiuba Cuereneia; the Governor of the Bank of Mozambique, Hon. Ernesto Gouveia Gove, several line ministers and other senior government officials. It also met with the President of the parliamentary Budget Commission, Hon. Eneas Comiche, as well as representatives from the private sector, civil society, and development partners. The mission also met with the Governor of the Nampula Province, Hon. Cidália Manuel Chaúque, to understand the development challenges affecting the region, and visited the Nacala Special Economic Zone to better understand the challenges of implementing large infrastructure projects and the progress in attracting private companies that can boost economic growth and employment in the region.
ADDIS ABABA, Ethiopia, October 31, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, is promoting increased participation of women in Africa’s private sector, helping them overcome long-standing barriers that prevent them from starting businesses or gaining employment opportunities open to their male counterparts.
Infrastructure Development in West Africa: AfDB Invests US$ 20 Million in ARM-Harith Infrastructure Fund
The lack of efficient infrastructure is a major obstacle to doing business in West Africa
AfDB Increases its Capital in Atlantic Coast Regional Fund to Support Local Private Sector Growth in Africa
TUNIS, Tunisia, October 31, 2013/ — The Board of Directors of the African Development Bank (AfDB) (http://www.afdb.org) approved on Wednesday, October 30, 2013 an additional US $10 million equity investment in Atlantic Coast Regional Fund (ACRF), a 10-year US$ 72 million generalist private equity fund whose area of focus includes fragile states and low income countries in Western and Central Africa. Through this targeting of growth and expansion oriented opportunities in the region; supporting indigenous entrepreneurs and converting promising local enterprises into regional players, ACRF is contributing to the development of the region’s Private Sector. AfDB’s financial contribution will therefore enable ACRF to scale up its operations and thus its contribution to poverty reduction, economic growth, capital markets development and regional integration.