Monthly Archives: January 2017

Tourism Prospects looking for lucrative year for Ethiopia and the Globe

Simien Lodge/Jumia Travel Ethiopia

Over the years, tourism proved itself as one of the best green sectors supporting developing countries such as Ethiopia in their initiative to tackle poverty, unemployment and development setbacks. Countries sustainable program towards tourism sector created new jobs, reduce poverty and increase overall revenue from the sector.

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Morocco Accepted Back to the AU: Good or Bad?

Thirty-nine out of fifty-four states of the AU agrees to accept the Kingdom of Morocco back into the AU after the country opted out 33 years ago. Having being named as one of the brightest 50 economies in the world by Bloomberg, it is of no doubt that Morocco is having a very good economic prospect in Africa and also visionary in diverse sectors needed for economic growth by many other African nations. Morocco is the second largest African investor in the continent, and between 2003 and 2013, 51% of its foreign direct investment went to Sub-Saharan Africa, peaking at 88% in 2010.

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Kenya to hold Summit on Economic Innovation in Africa Organized by The Economist

Kenya will hold a summit on the 1st of February organized by The Economist Events on the theme ‘Driving economic and health-care innovation for tomorrow’s Africa’. The summit which will be held at the Radisson Blu Hotel, Nairobi, will converge local and international delegates sourced from the private sector, the business community, African governments, media and international bodies to explore how African economies can effectively innovate and navigate through the challenges experienced in health care, infant health, infrastructure, productivity, education and make changes in their already established systems.

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RMB internationalisation stalls in 2016

SWIFT RMB Tracker shows an overall decline in RMB payments by value for 2016, closing out the year in sixth place among currencies used for international payments

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New landmark conference will explore sustainability for Africa’s buildings

“SPACE” brings together real estate decision-makers and clean energy sector

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CIEHC-3, 3rd Congo International Hydrocarbons Conference & Exhibition

24 – 26 April 2017

Palais des Congres, Brazzaville, Republic of Congo

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New report reveals devastating human toll of Blyvooruitzicht Mine liquidation

The Blyvooruitzicht Gold Mine used to be one of the world’s largest and most profitable mining concerns, purportedly yielding some one million kilograms of precious metals over its 70 years of operation

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IMF Executive Board Completes First Review Under the Stand-By Arrangement and Standby Credit Facility Arrangement for Kenya

IMF Board approved completion of first review of Kenya’s economic program supported by the Stand-By Arrangement (SBA) and the Standby Credit Facility (SCF).

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Virunga Foundation and Aera Group Launch Carbon Certification for Renewable Energy in Democratic Republic of Congo

Matebe will produce more than 13.6 MW, supplying 600,000 people with clean, accessible and affordable electricity, kickstarting the green economy and bringing over 12,000 sustainable employments for those in the region of Rutshuru

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Inaugural Susuk Transaction – $150m Issued by an African Entity.

A leading pan-African multilateral development finance institution and project developer, Africa Finance Corporation (AFC), has issued its maiden Sukuk – which the highest-rated Sukuk issuance from an African institution. After attracting high levels of investor interest, the initial target of 100 million USD was more than twice oversubscribed, resulting in the transaction being upsized to 150 million USD and a final order book of approximately 230 million USD. The transaction represents the first Sukuk to be issued by an African supranational entity, and also the first Sukuk transaction in 2017.

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