Category Archives: African News
Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector
On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles.
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.
NJ Ayuk, the founder and CEO of Centurion Law Group, released his first book, Big Barrels: African Oil and Gas and the Quest for Prosperity, at Africa Oil & Power on Tuesday, June 6, 2017.
With over one million tourists per annum, Namibia is known globally as a top ecotourism destination and it’s a sector that’s growing as evidenced by the 5% year on year growth in international traffic into Namibia.
Although the vision to unify Africa has been heard for long; the continent remained highly disconnected hampering travel and other economic unities that might support the continent development initiatives. Still, the continent citizens do not find it easy to travel within the continent due to price and time taking travel requirements.
Flourishing from a start-up to an SME, and a macro business deeply rely on customer growth and market share. There are many start-ups that have been in existence for at least 3 years and still cannot count themselves as SMEs. Similarly, some SMEs with the vision to become macro enterprises are stuck in their ways. The hurdle here, is the challenge of increasing customer size and market share for the product or services being operated by these businesses. A new regime of keeping existing customers and attracting new ones to flourish your business is Content Marketing.
Technological advancement is growing rapidly globally. In Africa, there is a continuous rise in digital spending and development. In West Africa, Nigeria and Ghana are clear examples of how individuals and cooperate agencies are using tech to solve problem. However, there is also a growing lack of efficient digital advertisement. As the population of mobile phone users grow across the continent, there is no such growth of digital advertisement. Majority of advertisement is till channeled through traditional media. In Ghana, the majority of Small and Medium Enterprises are more interested in traditional media as a mode of advertisement though they do not have the financial means to advertise on the platforms of their choice. Tech gurus with solutions to digital marketing are resorting to private clients to sell their services to them. This has contributed largely to the inefficiency of digital advertisement in Africa – there is a lack of institution to sell the services.
African art presents some of the most fascinating and attractive works. However, the growth of the art industry in Africa has been fluctuating for some time now. Up to 28 August, Fondation Louis Vuitton in Paris is showing a selection of the biggest collection of African art in the world, put together by the Frenchman, Jean Pigozzi. The show is an expression of how African art is still of interest but for some reasons refuse to grow (within and outside the African continent). This lack of growth can be clearly attributed to the lack of institutional support for African art. Many known mega galleries and museums have no defined African art sections. This has limited the knowledge of African arts and as well diminishing its growth.