Monthly Archives: February 2017
The United Republic of Tanzania (Tanzania) has recorded an annual average growth rate of more than 6% over the past decade and is on course to maintain a robust growth rate of over 6.5% going forward. Despite global economic and financial uncertainties, the economy has been able to achieve these consistent growth rates coupled with a low inflation rate, driven by activity in sectors such as mining, energy, construction and manufacturing.
Located in East Africa and sharing its borders with countries including Ethiopia, South Sudan, Tanzania and Uganda, Kenya has often been referred to as the commercial “gateway” to and regional hub of East Africa. This comes as a result of the strategic importance the coastal city of Mombasa plays, which is one of the busiest ports along the East African coastline.
Introduction The discovery of large natural gas reserves in the Rovuma Basin has positioned Mozambique as an exciting investment opportunity in Africa. Natural resource discoveries are attracting major investment and demanding a qualified workforce, although the large majority of Mozambique’s workforce does not possess the necessary skills.
Mobile Ecosystem Accounted for 4.4 Per Cent of Global GDP in 2016
2016: Dangote ends Nigeria’s Cement importation…exports 0.4m metric tons cement to neighboring countries
Following continuous increase in its production capacity, foremost cement manufacturer, Dangote Cement Plc (www.Dangote.com) has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.
The Republic of Congo’s Ministry of Hydrocarbons recently adopted a new Hydrocarbons code intending to increase investment in the country’s oil and gas industry through renewed activities of exploration and production. This new hydrocarbon bill, passed in August last year, aims to create sincere transparency throughout the industry, from the government sectors to participating contractors and developers seeking to invest.
Thirteen blocks are on offer in the Congo Licensing Round 2016, eight in the offshore Coastal Basin and five in the onshore Cuvette Basin. Interested companies are able to register for the round via www.congolr2016.com.
Opportunity to gain knowledge about Global Practices on Islamic Finance
Flights have been a much known mode for travelling across the globe. Globally, travel and tourism is growing as a lucrative industry and generate over 3 billion dollars daily. More to it, the industry contribution to gross domestic product (GDP) exceeds 5% and its annual turnover has been growing at a faster pace than GDP.
Numbeo index at the end of 2016 shows the city of Accra as the most expensive place to live in Africa with a Cost of Living index of 66.24 and Cost of Living plus Rent index of 58.03. In Africa, Accra is followed by Dar Es Salaam, Harare, Tripoli, Addis Ababa, and Johannesburg who had a cost of living index of 56.20, 52.45, 49.14, 47, and 45 respectively; while leading global cities like Madrid and Lisbon in the cost of living. More so, the city is the most polluted in Africa. Accra, the capital of Ghana, in recent years has received increasing number of expatriates and tourists. Hospitality and Real Estate development is on the boom as the city promises to be one of the most fast developing cities in Africa.
Flagship African energy events EAPIC and WAPIC transition to Future Energy to address continent’s power potential.
Flagship African energy events EAPIC and WAPIC transition to Future Energy to address continent’s power potential. The industry is changing and so is the role of the traditional utility. Some of Africa’s most iconic regional power events in East, West and Central Africa, including EAPIC and WAPIC, have been renamed to Future Energy, reflecting the optimism and potential of the energy and power sectors on the continent. “Energy is fundamental to economic development of every country, driven by population increase and industrialisation, with a landscape of depleting fossil fuels and climate change,” says Claire O’Connell, the event director of the Future Energy Power Portfolio at the event organiser Spintelligent.
The head of Public Relations and Corporate Citizenship at Samsung Electronics Africa Office, Ms. Sthembile Shabangu, has revealed at the Samsung Africa Forum 2017 that Samsung is advancing plans to improve digital transformation in Africa’s education system. She said, “In today’s digital era, any community, especially disadvantaged areas, will benefit from hands-on experience with technology. Our aim is to make sure that every African child has access to education, no matter where they are – be it in a rural area lacking infrastructure or perhaps in an existing infrastructure that lacks educational resources – by providing access to technology.”
That innovation is important and necessary for survival goes without saying. While there is no universal solution for organisations looking to improve their ability to generate, develop, and disseminate new ideas, some strategies are superior to others. Investing in Innovation.