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IMF Staff Completes Review Mission to Guinea

by Africa Business on Dec 15, 2015



An IMF mission led by Abdoul Aziz Wane visited Conakry during December 2-15, 2015, to conduct discussions on the sixth and seventh reviews of the authorities program supported by an arrangement under the Extended Credit Facility (ECF).[1]The IMF Executive Board approved the arrangement for Guinea on February 24, 2012 for SDR 128.52 million, about US$ …Read More

IMF Executive Board Completes Second Review under the Extended Credit Facility Arrangement for Chad and Approves US$28.7 Million Disbursement

by Africa Business on Dec 15, 2015



The Executive Board of the International Monetary Fund (IMF) today completed the second review of Chad’s economic performance under the program supported by an Extended Credit Facility (ECF)1 arrangement. Completion of the review enables the immediate disbursement of the equivalent of SDR 20.65 million (about US$28.7 million). This brings total disbursements under the arrangement to the …Read More

IMF Executive Board Completes First Review under the Policy Support Instrument (PSI) for Senegal

by Africa Business on Dec 15, 2015



The Executive Board of the International Monetary Fund (IMF) completed the first review of Senegal’s economic performance under the program supported by the Policy Support Instrument (PSI)[1] approved on June 24, 2015 (see Press Release No. 15/297). The Board’s decision was taken on a lapse of time basis[2]. The macroeconomic outlook remains favorable insofar as …Read More

RiskMap 2016: Excitement over “People Power” in Africa will not continue in 2016

RiskMap 2016: Excitement over “People Power” in Africa will not continue in 2016

by Africa Business on Dec 14, 2015



People power witnessed in 2014 and 2015, for example in changes of government in Burkina Faso and Nigeria, will be proved limited in 2016. A combination of elections, constitutional pressures and financial difficulties will test governments across the region, including in Chad, Uganda, Congo (Brazzaville), Angola and South Africa. Incumbents will however retain their hold …Read More

RiskMap 2016: West African nations striving to escape the commodities downturn in an era of increasingly transnational security threats & issues

RiskMap 2016: West African nations striving to escape the commodities downturn in an era of increasingly transnational security threats & issues

by Africa Business on Dec 14, 2015



African governments will need to be resilient to withstand the electoral, constitutional and financial pressures that will test governments across the region in 2016. This is one of the key messages of RiskMap 2016, published today by global business risk consultancy Control Risks (www.ControlRisks.com). RiskMap highlights the most significant underlying trends in global risk and …Read More

Food will get festive tills ringing

Food will get festive tills ringing

by Africa Business on Dec 14, 2015



Although some retailers put out their festive displays as early as October, Antoinette Coetzee, retail analyst for Redefine Properties, says the festive trading period is likely to  be a short one this year, characterised by shoppers opting for quality over quantity, and driven by promotions and the desire for experiential offerings. Coetzee points to the …Read More

IMF Executive Board Concludes 2015 Article IV Consultation with Swaziland

by Africa Business on Dec 14, 2015



On December 9, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Swaziland. Swaziland’s growth has been recovering since the 2010‒11 fiscal crisis, albeit at a slower pace recently. Growth recovery following the fiscal crisis was broadly supported by the manufacturing and service sectors. In 2015, however, growth is …Read More

World Screenless Display Market is Estimated to Generate $5.7 Billion, Worldwide By 2020 – Allied Market Research

by Africa Business on Dec 14, 2015



A new report by Allied Market Research titled, “World Screenless Display—Market Opportunities and Forecast, 2014–2020,” forecasts that the world screenless display market would generate revenue of $5.7 billion by 2020, registering a CAGR of 29.9% during the forecast period, 2015–2020. In 2014, North America was the highest revenue-generating region, owing to early adoption of technology …Read More

The African Union reiterates its deep concern regarding the situation in Burundi and calls for an inclusive dialogue to find a solution to the crisis

by Africa Business on Dec 14, 2015



The Chairperson of the Commission of the African Union (AU), Dr. Nkosazana Dlamini Zuma, is deeply concerned by the escalation of violence in Burundi, illustrated by yesterday’s attacks against military camps in the capital, Bujumbura, and in the Bujumbura Rural area, as well as by the subsequent acts of violence. The Chairperson of the Commission …Read More

Condemnation of Attacks in Burundi’s Capital

by Africa Business on Dec 14, 2015



WASHINGTON D.C., United States of America, December 14, 2015/APO (African Press Organization)/ –Press Statement  John Kirby Department Spokesperson Washington, DC December 11, 2015 The United States is deeply alarmed by the attacks that occurred overnight and continue in Bujumbura. We condemn this violence in the strongest possible terms, and we call on all sides to …Read More

Migrant Workers Suffer Exploitation, Abuse in Middle East, North Africa: Report

by Africa Business on Dec 14, 2015



IOM and the Walk Free Foundation (WFF) have called on governments to take more concrete action to protect migrant workers amid worsening conditions in the Middle East and North Africa (MENA) region. The WFF and IOM report ‘The Other Migrant Crisis: Protecting migrant workers against exploitation in the Middle East and North Africa’ was launched …Read More

Human Rights and Democracy Trends in Africa

by Africa Business on Dec 11, 2015



WASHINGTON D.C., United States of America, December 10, 2015/APO (African Press Organization)/ — Remarks  Steven Feldstein Deputy Assistant Secretary, Bureau of Democracy, Human Rights, and Labor New York City Bar Association New York City December 7, 2015 I’m pleased to be here, I’d like to thank Elizabeth Barad and the New York Bar for inviting me …Read More

Kenya ratifies Trade Facilitation Agreement in advance of Nairobi Ministerial Conference

by Africa Business on Dec 10, 2015



Kenya has ratified the new Trade Facilitation Agreement (TFA), less than a week before it hosts an important high-level WTO trade meeting. The WTO Secretariat received Kenya’s instruments of acceptance on 10 December. Concluded at the WTO’s 2013 Bali Ministerial Conference, the TFA contains provisions for expediting the movement, release and clearance of goods, including …Read More

IMF Executive Board Completes Eighth Extended Credit Facility Review for Côte d’Ivoire and Approves US$67.7 Million Disbursement

by Africa Business on Dec 10, 2015



The Executive Board of the International Monetary Fund (IMF) today completed the eighth and last review under the Extended Credit Facility (ECF)1 Arrangement for Côte d’Ivoire. The completion of the review enables the immediate release of SDR 48.78 million (about US$67.7 million), bringing total disbursements under the ECF arrangement to SDR 520.32 million (about US$722.2 million). …Read More

EBRD and its partners strengthens safety and environmental standards in Egypt’s energy sector

EBRD and its partners strengthens safety and environmental standards in Egypt’s energy sector

by Africa Business on Dec 10, 2015



For the first time in the southern and eastern Mediterranean (SEMED) region the European Bank for Reconstruction and Development (EBRD) led and arranged a syndicated loan, consisting of a loan facility of up to US$170 million to Advanced Energy Systems SAE (ADES), an independent Egyptian oil services company. As part of the facility the EBRD …Read More

Africa‘s potential lies in trade in services

by Africa Business on Dec 9, 2015



The Training Workshop on Trade in Services Negotiations for AU-CFTA Negotiators kicked off today and has been attended by H.E. Mr. Oumar Sarr, the Minister of Trade in Senegal as well as by the partners of the African Union (AU). The General Objective is to build the capacity of services negotiators in Africa to effectively …Read More

Powerful strategies for retaining your top-performing talent

Powerful strategies for retaining your top-performing talent

by Anton van Heerden on Dec 8, 2015



By Anton van Heerden (@Anton_vHeerden), Executive Vice-President and Managing Director: Sage South & Southern Africa Retaining employees has emerged as a key business challenge in a market where many important commercial, technical and management skills are in such short supply. This issue isn’t just high on the agenda for the human resources (HR) department; it …Read More

Management of Cross-Border Movements of Frontier Communities in Mauritania: IOM Study

by Africa Business on Dec 8, 2015



As part of its European Union (EU)-funded project “Strengthening border management in Mauritania – the involvement of the Gendarmerie,” IOM this week organized a workshop in Nouakchott presenting a feasibility study on how to manage the cross-border movement of border communities. The aim of the study was to identify a system that could facilitate the …Read More

«Anglo Leasing affair»: Meeting of the Office of the Attorney General of Switzerland with Kenyan authorities

by Africa Business on Dec 8, 2015



Representatives of the Office of the Attorney General of Switzerland have travelled to Nairobi in order to meet the Kenyan Attorney General and discuss a criminal proceeding pending in Switzerland and Kenyan mutual legal assistance requests in the context of an international corruption case known as the «Anglo-Leasing affair». The visit of the Office of …Read More

UNCTAD – Madagascar seeks to improve its attractiveness to foreign investors

by Africa Business on Dec 8, 2015



Specific policies, targeted sectoral strategies and effective institutions to implement them are instrumental to meeting Madagascar’s development objectives, according to the Investment Policy Review (unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=1384) (IPR) of the country which was discussed at an intergovernmental meeting at the United Nations in Geneva on 3 December. The event brought together high-level representatives from the Government of …Read More

Artificial fish habitats along Somali coast to benefit coastal communities

by Africa Business on Dec 8, 2015



FAO, working with the European Union, has just completed the deployment of 25 “fish magnets” along Somalia’s 3,300-km coastline, a move that will boost the nation’s small-scale artisanal fisheries. The Fish-Aggregating Devices (FADs) consist of a floating buoy and “habitat mat” a few metres across. Plant life quickly grows under the mat, attracting large numbers …Read More

The IMF’s Regional Technical Assistance Center South Supports Strengthening the Administration of Large Taxpayers in the Southern Africa region

by Africa Business on Dec 8, 2015



On October 5-9, 2015, AFRITAC South organized a seminar that brought together senior Tax Administration Officials in charge of designing, leading, and implementing tax administration systems for large taxpayers from Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, Swaziland, Zambia, and Zimbabwe. The event was hosted by the African Training Institute (ATI) in Mauritius. …Read More

Seychelles and USA sign historic Air Transport Agreement

by Africa Business on Dec 7, 2015



The Minister of Foreign Affairs and Transport of the Republic of Seychelles, Mr. Joël Morgan, and the Ambassador of the United States of America to the Republic of Seychelles, H.E. Shari Villarosa have signed the Air Transport Agreement between the Government of the Republic of Seychelles and the Government of the United States of America, …Read More

Is Gold the Right Asset to Trade?

by Africa Business on Dec 7, 2015



Meta: Trading gold in the binary options market can be very profitable. Should you consider trading this precious yellow metal? Gold is one of the most exciting financial assets to trade online. The main reason for this is its relatively high volatility compared to other financial assets. Gold is known to offer ample movement on …Read More

Africa Oil & Power Breaks the Mold of Traditional Energy Conferences

by Africa Business on Dec 7, 2015



The inaugural edition of the Africa Oil & Power conference (AfricaOilandPower.com) will be held June 6-7, 2016 at the Westin Hotel in Cape Town, South Africa. Endorsed by the Ministry of Mines, Industry and Energy of Equatorial Guinea and Hosted by Centurion Law Firm, Africa Oil & Power is an invitation-only event that strives to …Read More

Spanning Africa’s Infrastructure Gap: How development capital is transforming Africa’s project build-out

by Africa Business on Dec 6, 2015



A new report from Global law firm Baker & McKenzie in collaboration with the Economist Corporate Network, Spanning Africa’s Infrastructure Gap: How development capital is transforming Africa’s project build-out, reveals that development capital has been by far the predominant funder of African infrastructure since the financial crisis. It paints a picture of through the cycle …Read More

World Organic LED Market is Expected to Reach $ 37.2 Billion, by 2020 – Allied Market Research

by Africa Business on Dec 6, 2015



According to a new report published by Allied Market Research titled, “World Organic LED Market – Opportunities and Forecasts, 2014 – 2020,” the world Organic LED market is estimated to generate revenue of $37.2 billion by 2020, registering a CAGR of 18.3% during the forecast period 2015 –2020. Enhanced picture quality, high energy efficiency, increasing …Read More

CIBEX East Africa 2016 – supported by IMAG, subsidiary of Messe München

by Africa Business on Dec 6, 2015



Messe München joins CIBEX via its subsidiary IMAG as cooperation partner for international sales of the show. IMAG will support the show worldwide through their international network and partners. CIBEX East Africa 2016, which takes place from 1st to 3rd March 2016, is the 3rd international trade fair for construction, infrastructure, building and energy for …Read More

Breaking news!!!  Africa’s Own Premier Racing Series – Formula Africa (Formula ‘A’ or fA)

Breaking news!!! Africa’s Own Premier Racing Series – Formula Africa (Formula ‘A’ or fA)

by Evans Maporisa on Dec 6, 2015



Quentin Smith – Motorsport Analyst. Formula Africa is an African Racing Championship Series with individual drivers representing their respective nations, it allows participation by any African wherever they are in the world. A partnership and collaboration of a top Formula One (F1) team and the biggest motorsport business in Europe and their Africa partner – …Read More

IMF Executive Board Concludes 2015 Article IV Consultation with Mali, Completes Fourth Review under the Extended Credit Facility Arrangement, and Approves US$5.5 Million Disbursement

by Africa Business on Dec 6, 2015



On December 2, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 and completed the fourth review of Mali’s performance under an economic program supported by a three-year Extended Credit Facility (ECF) arrangement. The Board’s decision enables the disbursement of SDR 4 million (about US$5.5 million), bringing total disbursements under …Read More

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