Daily Archives: May 8, 2017
Alumni of Australian funded mining course studies in West Africa have met in Accra to share knowledge and understanding of current challenges and opportunities in the region on attracting responsible mining investment and sustainable development. Ghana’s Minister of Lands and Natural Resources was present as a speaker and also Mr Henry Antwi, Head of Mining and Metals at Oman Oil Company, and Dr Kojo Busia Coordinator African Minerals Development Centre. During the minister’s speech, he mentioned that “Investing in West African mining for sustainable regional development.” Mr Andrew Barnes, Australian High Commissioner also mentioned at the forum that, “Australia is pleased to support development of the necessary skills in Ghana through our various scholarship programs and exchanges. Through their studies and experiences in Australia, Australian alumni bring cutting edge knowledge and skills to their jobs in the mining industry to the huge benefit of their countries.” The session focused on areas such as investment promotion, regulatory frameworks and incentives, political risks, social license to operate, local content, and transparency of information.
PwC (www.PwC.com) research across the continent shows that 91% of CEOs are confident about their own companies’ growth prospects in the medium term. “This is the highest level of confidence since we started our research on CEOs in Africa in 2012,” Hein Boegman CEO for PwC Africa said this while speaking on challenges and opportunities facing Africa’s CEOs at a press briefing held by PwC at the World Economic Forum on Africa 2017 in Durban, South Africa. Conversely, CEOs are concerned about uncertain economic growth and the impact this will have on their business as they anticipate growth prospects. “The returns for doing business on the continent are high, but so are the risks. Africa’s CEOs are operating in difficult times – infrastructure on the continent remains a challenge, finding and retaining the right talent for their businesses, dealing with many of the hurdles that come with working with governments, and managing growth plans across the continent,” Boegman added. Additionally, Dion Shango, CEO for PwC Southern Africa said “It is no longer enough for business leaders to steer their organizations through a complicated and challenging environment – they will need to adapt swiftly to change.”