Daily Archives: June 15, 2017
Power Africa attended the Africa Energy Forum (AEF) to further advance its goal to increase energy access and power generation in sub-Saharan Africa. Through grant signings, facilitated events, and targeted meetings with government and private sector partners, Power Africa plans to further increase the number of transactions that have reached financial close. Currently, the 76 projects that have reached this status are expected to generate over 7,107 megawatts (MW) since the initiative’s 2013 launch.
The regulatory environment is changing based on a society that is more health conscious, advocating for the preservation of life. Increasing of taxes on products such as tobacco, alcohol and now sugar-sweetened beverages are a result of increased lobbying from non-profit organisations who are pushing governments to penalize consumers to protect themselves from themselves by making it relatively unaffordable to purchase these products. By increasing taxes it is assumed that the consumers will use less of the good based on a higher pricing point. The fewer units that are consumed, the less strain on your body and ultimately the longer you live. Raised taxes also benefits the tax man because, from a human nature standpoint, it takes a lot of willpower to kick a habit, let alone reduce your utility threshold. We live in an increasingly stressful world and the products we are told to consume less and less of, sometimes provide the temporary relief we need to get by. A rather controversial but true state of affairs based on our daily trials and tribulations.
The new government of Ghana is aiming to turn the tables around for agricultural development in the country. This includes the new project ‘Planting for Food and Jobs’ which seeks to support farmers with some basic necessities including fertilizers. In view, regional Government heads and international industry leaders to gather in Accra to discuss opportunities for West African fertilizer and agribusiness trade. The event which is organized by CRU Events and the African Fertilizer and Agribusiness Partnership (AFAP – an organization committed to providing services to the public private sectors on sustainable development programs and policies focused on market-driven business solutions in the agriculture inputs and agribusiness value chain) is scheduled for 10-12 July at the Movenpick Hotel in Accra.
Ghana will be witnessing the development an industrial business center officially unveiled as The WestPark which will be a center for industries to manufacture products locally and also engage in business comfortably to aid in the development of West Africa’s growing market. The WestPark was officially announced during the G20 Africa Partnership Conference in Berlin by the developers, BlackIvy – company that build and grows logistics and infrastructure solutions for emerging economies and businesses that serve the needs of the growing middle class. The project is estimated to cover an area of 405 acres and situated in Takoradi, along with the coast of Ghana. Germany’s Robert Bosch GmbH and Kärcher GmbH & Co. KG, America’s sports apparel manufacturer DTRT Apparel Ltd. and Ghana’s Quantum Group are strategic partners of the WestPark project. The partners are positive that this project will increase employment opportunities and ease trade growth within the West African region.