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Emirate Aircraft from India catch fire prior to landing at Dubai Airport

Emirate Aircraft from India catch fire prior to landing at Dubai Airport

by Joshua Amponsem on Aug 3, 2016



Boeing 777 jet (Emirate’s EK521)  which was making a flight from Trivandrum International Airport (India) to Dubai Airport (UAE) has encountered a clash right before landing at the Dubai Airport. The Emirates flight is witnessed to have caught fire while in air – with witnesses at the airport saying that smoke was seen around the …Read More

New Study Shows Undernutrition Taking a Huge Toll on Ghana’s Economy

by Africa Business on Aug 3, 2016



The economy of Ghana is losing some GHC4.6 billion (US$2.6 billion, or 6.4 percent of GDP) a year to the effects of child undernutrition, according to a new study launched today in the capital. The Cost of Hunger in Africa: the Social and Economic Impact of Child Undernutrition on Ghana’s Long-Term Development (COHA) shows vast …Read More

WorldRemit Calls for Urgent Restoration of Money Transfers to Nigeria

by Africa Business on Aug 3, 2016



WorldRemit (WorldRemit.com), a leading online remittance provider, is calling for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators (MTOs) unable to provide services to the West African country. Only three companies – Western Union, MoneyGram and Ria – will be able to continue operations, following …Read More

IMF Executive Board Approves US$304.7 million Extended Credit Facility Arrangement for Madagascar

by Africa Business on Jul 29, 2016



On July 27, 2016 the Executive Board of the International Monetary Fund (IMF) approved the equivalent of SDR 220 million (about US$304.7 million, or 180 percent of current quota) under a 40-month Extended Credit Facility (ECF) arrangement for Madagascar, to help reinforce macroeconomic stability and boost sustainable and inclusive growth. Following the Board’s decision, SDR …Read More

World Hepatitis Day 2016: Exploring Eritrea

World Hepatitis Day 2016: Exploring Eritrea

by Fikrejesus Amahazion on Jul 28, 2016



Dr. Fikrejesus Amahazion July 28 is World Hepatitis Day (WHD), one of eight official global public health campaigns marked by the World Health Organization (WHO). WHD aims to raise global awareness of hepatitis and encourage prevention, diagnosis and treatment. Viral hepatitis – a group of infectious diseases known as hepatitis A, B, C, D, and E – affects hundreds of millions of …Read More

Singapore bets on Africa’s Agricultural Sector

Singapore bets on Africa’s Agricultural Sector

by Otavio Veras on Jul 28, 2016



Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies Synopsis With more than 60% of its 1.166 billion people[1],[2] living in rural areas, Africa’s economy is inherently dependent on agriculture. More than 32% of the continent’s gross domestic product comes from the sector. However, agricultural productivity still remains far from developed world standards. …Read More

SEZs and the Industrialisation Drive in Africa

SEZs and the Industrialisation Drive in Africa

by Dr. Adefolake Adeyeye on Jul 28, 2016



Dr. Adefolake Adeyeye Research Fellow of the NTU-SBF Centre for African Studies Africa has not had tremendous success with special economic zones (SEZs). Reasons for this include policies and institutional frameworks, unfriendly business environments, lack of zone management expertise and an infrastructure deficit. While some African countries are actively involved in reforms to reduce the …Read More

Africa Hotel Investment Forum

by Africa Business on Jul 28, 2016



#AHIF16 #Rwanda will unpick the major challenges and opportunities facing the hospitality industry in Africa http://ow.ly/uNXh302E2Rn Africa Hotel Investment Forum 4-6 October 2016 – Radisson Blu Hotel & Convention Center, Kigali, Rwanda

KBA Africa launches Bootcamp for Entrepreneurs in Harare, Zimbabwe

by Africa Business on Jul 28, 2016



KBA Africa has established a unique Small and Medium Enterprises (SME) Capacity Building Model that will result in entrepreneurs in Zimbabwe being empowered to play a key role in impacting and improving their communities through the creation of sustainable businesses. This innovative developmental model seeks to establish an effective Business Incubator as a tool for …Read More

Global Consultancy Turner & Townsend Beats Tough Market Conditions to Increase Profit in Africa by almost Six Percent

by Africa Business on Jul 28, 2016



Global professional services consultancy Turner & Townsend has increased its turnover in Africa to £14.3 million – reflecting an increase in revenue of 0.95 percent, and grown its operating profit by 5.7 percent in the year ended 30 April 2016. With Turner & Townsend’s global turnover reaching £409 million with profit after tax almost tripling …Read More

South Africa’s Hotel and Tourism Sector Set for Steady Growth as Visitor Numbers Continue to Grow

by Africa Business on Jul 28, 2016



South Africa’s hotel industry is set for steady growth in the next five years driven by an increase in the number of foreign visitors into the African continent. Pietro Calicchio, Industry leader of Hospitality & Gambling, PwC Southern Africa (PwC.com), says: “Although the South African economy has weakened considerably, the overall outlook for hotels in …Read More

Here’s What You Need to Know about Importing Products from India

by Africa Business on Jul 28, 2016



Africa and India share distinguished trade relations which go back thousands of years. A large number of Indian labor moved to East Africa to work in the railway sector during the colonial period. The Indian diaspora that you see in the African continent today consists of many descendants. As the diaspora increased, Indians became critical …Read More

Shopping Destinations you should not miss in Ethiopia

by Eden Sahle on Jul 27, 2016



Traditional markets in Addis Ababa certainly lives up to its name. The country has grown to be sprawling maze of vendors selling everything from spices to lamps to jewelry, and of course Ethiopian delight. There’s truly something for everyone here, Jumia Travel spotted markets that will owe your expectations. The market by itself is a …Read More

Volatile environments test the resilience of firms: The experience of businesses in Nigeria during the 2015-16 FX scarcity

Volatile environments test the resilience of firms: The experience of businesses in Nigeria during the 2015-16 FX scarcity

by Africa Business on Jul 26, 2016



Adapt or leave Even as most firms found it difficult to adapt to the hitherto foreign exchange (FX) scarcity in Nigeria – eased in June 2016 after the Nigerian central bank floated the naira – others embraced it by adopting innovative strategies to remain in business. Shoprite, a South African grocer, advertised in April 2016, …Read More

Why sport is the ‘business’ in the digital content space

by Africa Business on Jul 26, 2016



According to Ant Pascoe, General Manager at TEAMtalk media – a division of the Ole! Media Group – sleeplessness makes for the best marriage (and keeps newsrooms alive and kicking) Monday to Friday, nine to five, that is when business generally occurs and when most corporates take the opportunity to speak to their clients. But …Read More

15,000 Entrepreneurs gather for SAGE Summit 2016

by Joshua Amponsem on Jul 26, 2016



From July 25 – 28th, SAGE is glad to host over 15,000 business owners and entrepreneurs of all background around the world for their annual Sage Summit. The summit which is organized by Sage will be held in Chicago. Sage is the market leader for integrated accounting, payroll and payment systems, supporting the ambition of …Read More

7th Annual Africa Weeks for the Animals Coming July 30-August 14, 2016!

by Africa Business on Jul 26, 2016



The special celebration will highlight the importance that African animals and beautiful people play in the world and provide opportunities to protect and conserve the ever-growing endangered species of Africa. CAPE TOWN, South Africa – Africa Weeks for the Animals is coming July 30-August 14, 2016! The annual celebration is spotlighting animals, advocates, humane orgs, …Read More

IMF Executive Board Concludes Annual Discussions on CEMAC Countries’ Common Policies

by Africa Business on Jul 26, 2016



Growth is projected to be 1.9 percent in 2016, as oil production and investment remain sluggish On July 13, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on Common Policies and Challenges of Member Countries with the Central African Economic and Monetary Community (CEMAC).[1] CEMAC growth was subdued in 2015. It slowed to 1.6 percent, …Read More

British High Commissioner Accra, Jon Benjamin speaks about BREXIT at the World Trade Centre Accra Business Breakfast

by Africa Business on Jul 26, 2016



A diversification of exports to Ghana and exports from Ghana to the UK benefits both of our countries I would like to thank the World Trade Centre for inviting me to talk about BREXIT this morning. I want to make a few points on the referendum and the UK’s trading relationship with Ghana before opening …Read More

UK’s new Minister for Africa – Tobias Ellwood

by Africa Business on Jul 26, 2016



Speaking following his appointment, Mr Ellwood said: “I am incredibly honoured to be continuing as a UK Foreign Office Minister and very pleased to take on responsibility for our work in Africa. “The economic potential of Africa is vast with one third of all African economies expected to grow by 5 % or more this …Read More

Global Capital Fuelling African Property Markets

Global Capital Fuelling African Property Markets

by Africa Business on Jul 25, 2016



This year’s summit will feature various discussions on innovative strategies and collaboration, as well as showcasing new real estate opportunities and projects across Africa Despite Africa’s slowdown; property developers and private equity funds continue to pour investment into the continent, but with more focused strategies.  “Over $1,2 billion has been raised and allocated to real …Read More

Private Sector is Key Driver for Growth in the Middle East and North Africa

by Africa Business on Jul 25, 2016



The private sector can be an important driver for growth and rising prosperity in the Middle East and North Africa (MENA) if effective policies are put in place to address key challenges across the region, according to a report from three leading international development and financial institutions. The report from the European Bank for Reconstruction …Read More

Staying the Course, Despite a Relative Economic Slow Down

by Africa Business on Jul 25, 2016



US remains the leading investor into Africa – Africa one of the only two regions in the world achieving growth in FDI project numbers over 2015 – Seven percent rise in FDI projects for Africa – East Africa the biggest gainer, while other key economies recover ground – US remains the leading investor into Africa …Read More

The Diamond Industry and African Socio-Economy

The Diamond Industry and African Socio-Economy

by Joshua Amponsem on Jul 25, 2016



Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest .  In accordance, there has been a substantive growth in the extractive …Read More

Hospitality Jobs Boost in Ethiopia

Hospitality Jobs Boost in Ethiopia

by Eden Sahle on Jul 25, 2016



The Ethiopian tourism industry reached into its record high growth collecting a revenue of 3.5 billion dollars in 2015 while the sector hires over 2 million people according to the Ministry of Culture and Tourism. Though tourism is still at its infant stage even compared to African counterparts, it continues to register growth revealing its …Read More

The Key Reason Startups will Keep Failing in Africa

by Cobe on Jul 25, 2016



By Cobe (Junior Partner at Purple People Consulting) Reading this will only take 5 minutes of your time, but trust me it will be 5 minutes well invested. Why are most startups failing; and particularly in Africa? Does Africa have what it takes for a startup to thrive? You will agree with me that most …Read More

Small Business Expo South Africa September 2016

Small Business Expo South Africa September 2016

by Africa Business on Jul 25, 2016



International Islamic Banking Summit Africa: Djibouti 2016

International Islamic Banking Summit Africa: Djibouti 2016

by Africa Business on Jul 25, 2016



Event Dates – 2nd & 3rd of November 2016 Venue – Djibouti Palace Kempinski, Djibouti Website URL – http://www.ethicolive.com/events/islamicbankingdjibouti/ Hosted by the Central Bank of Djibouti and Held under the patronage of H.E. Ismaïl Omar Guelleh, President of the Republic of Djibouti, Head of Government, IIBSA 2016 will address the 3 key catalysts that are …Read More

UNCTAD Warns on Debt, Says Africa Should Find New Ways to Finance Development

by Africa Business on Jul 22, 2016



African governments should add new revenue sources to finance their development, such as remittances, public-private partnerships, and a clampdown on illicit financial flows, an UNCTAD report said on Thursday, warning that debt looks unsustainable in some countries. This year’s UNCTAD Economic Development in Africa Report 2016 finds that Africa’s external debt ratios appear manageable, but African …Read More

The Sierra Leonean fashion designer who is helping children play their way out of poverty

The Sierra Leonean fashion designer who is helping children play their way out of poverty

by Memuna Forna on Jul 22, 2016



In Sierra Leone, fashion designer Jenneh Mason is best known for frocks and fashion shows. She also dreams of public playgrounds, lots of them, dotted all across the country bringing safe places to play for children who are unlikely to have ever seen one, imagined one or even understand the concept of safe play. She …Read More

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