Category Archives: Mag
Nairobi is the only city in Africa whose airports are recording higher growth for domestic capacity than that of international capacity, with a 22% boost. This is according to a new report by ForwardKeys, which compares Nairobi’s trend to most of the other top 10 African Airports ranked by total scheduled capacity for August to December 2017, which are seeing more growth in international than in domestic capacity.
A research report released 3 August tells the story of small farmers in Mozambique who are adversely impacted by large-scale, foreign agricultural investments – and the alternative, ecumenical vision of life-giving agriculture.
By Stephan Viollier – Intellectual property lawyer at Legalese
An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53% of its seats for the rest of 2017. During the coming five months, August – December 2017, there will be 16% fewer airline seats on domestic routes and 9% fewer and on international routes to and from Lagos.
Pietro Calicchio, Hospitality & Gaming Industry leader for PwC Southern Africa (www.PwC.co.za) says: “The growth potential of Africa is high mainly because of the rapid economic growth in some economies, a growing middle class and an increase in visits from foreign visitors.
Power Africa, a U.S. Government-led initiative to double access to electricity in sub-Saharan Africa, has released its annual report. The initiative consists of more than 150 public and private sector partners, which have collectively committed more than $54 billion towards achieving Power Africa’s goals. It is among the world’s largest public-private partnerships in development history.
With diminutive effect from the elections anxiety, Kenya’s tourism sector has withstood the pressures of uncertainties that resulted to some tourists having to hold their travel plans. As one of the most volatile sectors, tourism stakeholders remain obliged to Kenyans for choosing peace during a considerably fraught time. This, according to Cyrus Onyiego, Jumia Travel’s Kenya Country Manager, is a factor that has saved the industry a major blow as compared to previous election periods.
With Sukuk & Innovation Driving New Growth Momentum, the Prospects for Islamic Finance in Africa Look Increasingly Promising
Despite being in the early phases of development, the Islamic finance industry in Africa is fast gaining the attention of key stakeholders including central banks & regulatory authorities, as well as the leading international Islamic financial institutions and investors seeking to tap into high-growth opportunities on the continent
Nigerian Economic Recovery through Industrialization and Diversification by Public and Private Sector Synergy
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. The Nigerian economy, since independence, has been operated by the maintenance of the neo-colonial system of development incapacitation, primary commodity export, dependency and poverty generation. Its basic and long-standing focus has been on the expanded production and export of primary commodities, such as agricultural products like palm oil, groundnut, cotton, cocoa, rubber in the 1960s and 1970s and subsequently crude oil since the 1970s. But as raw material export depends on external demand, it does not activate autonomous and secure economic activity. Therefore, the Nigerian economy has no internal capacity for mass production and self-propulsion. It is a large, unfree, dependent and unviable economy.
by Dr. Rafiq Raji
Two tight opinion polls on the frontrunners of the 2017 Kenyan presidential election, just weeks prior to the 8 August vote, made it clear how potentially contentious the outcome could be. For the first time since campaigns began, one poll had the leading opposition candidate, Raila Odinga of the National Super Alliance (NASA), ahead of incumbent president, Uhuru Kenyatta of the Jubilee Party. The Infotrak Harris opinion poll conducted on 16-22 July put Mr Odinga ahead of Mr Kenyatta by one point, with the former rising in popularity to 47 percent, a 3-point gain from about 2 weeks before. Mr Odinga’s improved chances stemmed from holding on to his key support base, as well as securing new supporters from what used to be the Rift Valley and North Eastern provinces (now a couple of counties), strongholds of the ruling Jubilee Party. Another poll, that by Ipsos, taken on 2-12 July, put both leading contenders at a tie at 45 percent. The Ipsos survey was probably behind the curve considering its earlier date. Judging from how the media initially under-reported Mr Odinga’s gains, the establishment was clearly shocked.
Dangote Cement (DangoteCement.com), Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.
To invest means to allocate money or a resource for a particular activity with the expectation of some benefit in the future. In other words, using money or resource to make more money or gain more resources. An opportunity on the other hand refers to the right time to take an action or pursue a course in view of getting the most maximum outcome. An investment opportunity is therefore the right time to allocate money or a resource so as to benefit from it in the future. Before one invests in a product or service, one must first know what and where to invest in. In other words, to be able to get returns in the future, one must invest in sectors that are thriving. In Ghana, these are “hot cake” areas that will be yielding the best returns for current investors:
As an environmental activist, I have come to appreciate that nature gives us everything. Our basis of life is dependent on nature and thus, it’s important that we see nature as our source of life rather than a resource for mere exploitation. It is this second line of thinking, which I believe has the people of Ghana troubled as the country’s vice president enters into an agreement to acquire $15 billion from China. The weariness of the citizens is very strong as the country strives to stop illegal small-scale mining which was largely driven by Chinese immigrants in Ghana.