Monthly Archives: February 2017

Tanzania: A Leader among Africa’s Emerging Markets

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. read more

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Kenya Grounding Africa’s Economic Growth

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. read more

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Mozambique’s Economic Outlook

Mozambique country report

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. read more

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Number of Global Mobile Subscribers to Surpass Five Billion This Year, Finds New GSMA Study

Mobile Ecosystem Accounted for 4.4 Per Cent of Global GDP in 2016 read more

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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. read more

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Investing in Congo through oil, gas and related infrastructure

CIEHC-3The 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. read more

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4th African Islamic Finance summit

Opportunity to gain knowledge about Global Practices on Islamic Finance read more

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Africa Sustainable Livestock 2050 launched

On the 25th of March, a cross-sectorial initiative analyzing the impact of a growing livestock sector on public health, the environment, and livelihood launched in Addis Ababa. The Africa Sustainable Livestock 2050 (ASL2050) encourages governments to think beyond livestock today, for the people of tomorrow. Government ministers and representatives from Burkina Faso, Egypt, Ethiopia, Kenya, Nigeria and Uganda, the United States Agency for International Development (USAID), and the Food and Agriculture Organization of the United Nations (FAO) met today in Ethiopia to discuss the future of the livestock sector in Africa. read more

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Attracting a cheap first class flight deal with ease

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. read more

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ACCRA: Africa’s Most Expensive and Most Polluted City

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. read more

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South Africa: Product of the Year winners announced

Product of the Year, the world’s largest consumer-voted awards programme, on the night of the 23rd, announced the recipients of this accolade for 2017, at a gala event hosted at The Galleria in Sandton, Johannesburg. read more

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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. read more

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Flagship African energy events EAPIC and WAPIC transition to Future Energy.

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. read more

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SAMSUNG commit to improving digital transformation in Africa’s education system.

digital transformation in Africa’s education system

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.” read more

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