Fish-Rich Mauritania looks to its Nouadhibou Port for a Brighter Future

The UNCTAD TrainForTrade Port Management Programme took a first crucial step last month when 11 senior port managers completed a workshop for instructors held at the port of Nouakchott, the Mauritanian capital

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RAS AL KHAIMAH FINANCE & INVESTMENT FORUM TO SHOWCASE THE EMIRATE’S GROWTH POTENTIAL AND ITS INVESTMENT OFFERINGS

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– Forum to cover Hospitality & Tourism, Real Estate, Manufacturing & Production and Infrastructure sectors

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The Ripple Effect: The Role of Women in African Economic Development

marieke-shukla-headshotBy Marieke Shukla

Abstract

Africa is a continent with incredible hope and opportunity along with incredible challenges.  When visiting Africa, one hears about challenges regarding basic human needs such as nutrition and health care.  One also hears about the leadership challenges South Africa currently faces. Upon further reflection after visits to several organizations, including Olam International, Philani, and the African Leadership Academy, it is clear that women in Africa are uniquely positioned to move the continent forward economically and politically.  Based on the author’s experience in South Africa, there are three key areas where women can have a substantial impact: (i) agriculture, (ii) health education and (iii) leadership in politics and business.  These areas will be the focus of the analysis below.

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East Africa: Pharmaceutical Sector To Experience Growth Upon Foreign Investment

There is a significantly large growth opportunity and the region’s manufacturers are able to meet but only 30% of the demand in the pharmaceutical industry leaving the remaining 70% for imports.  Raising of capital to improve product quality has been the limiting factor for most of these local producers.

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SWIFT’s messaging traffic grows by 15.8% in West Africa

Figures released at the SWIFT Business Forum West Africa show that the region has outperformed the total growth of SWIFT globally

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GFI Launches Database–GFTrade–to help Developing Countries Generate Millions in Additional Public Revenue

Global Financial Integrity (GFI) launches its new database tool—GFTrade—with real-time price analyses to measure trade misinvoicing risks for 80,000 goods categories. Trade misinvoicing accounts for hundreds of billions in illicit financial flows from developing countries, and in curtailing these outflows, GFTrade would generate millions of dollars in additional domestic revenue.

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Cameroon: stage set for inclusive and sustainable cities

The US$500 thousand project, which covers Cameroon, Cabo Verde, Morocco, Uganda and Zambia, has been commissioned within the 9th tranche of the UN’s Development Account

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ASEAN region reaches out to Africa

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The US$2.6 trillion ASEAN market is seeking increased bilateral trade with Africa

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UK Trade Mission visit in Guinea

A UK trade delegation visited Guinea from October 31 to November 3, 2016 to meet with local mining companies. The objective of this mission was to meet with mining stakeholders in Guinea to find business and partnerships opportunities. The delegation included representatives of some companies such as Concrete Canvas, PW Mining International Limited, SRK Consulting, Joy Global, MonuRent and the UK International Trade Department.

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IMF Publishes Fiscal Transparency Evaluation for Tunisia

The IMF has today published a Fiscal Transparency Evaluation (FTE) report for Tunisia, which was carried out at the request of the Government of Tunisia by a joint team from the IMF’s Fiscal Affairs and Statistics Departments that visited Tunis in November-December 2016. This report assesses Tunisia’s fiscal transparency practices based on the IMF’s Fiscal Transparency Code.

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Technological Trends in Africa

By Rafiq Raji

‘Africa Tech’ is the True ‘Africa Rising’ 

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Statement by IMF Managing Director Christine Lagarde on Egypt

The IMF Executive Board will meet on Friday, November 11 to discuss Egypt’s request for financial assistance under an Extended Fund Facility (EFF) for the amount of $12 billion

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Aid & Development Africa Summit moves to Nairobi

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The 2nd annual Aid & Development Africa Summit will be held on 28th February – 1st March 2017 at the Safari Park Hotel in Nairobi, Kenya.

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South African satellite to take part in international space project

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A nanosatellite designed and built in South Africa will be launched early next year from the International Space Station as part of a European Commission research project.

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IMF Staff Completes 2016 Article IV Mission to the Republic of Congo

An International Monetary Fund (IMF) team led by Dalia Hakura, Mission Chief for the Republic of Congo, visited Brazzaville during October 25-November 7, 2016 to conduct discussions for the 2016 Article IV review of the Congolese economy. Discussions focused on assessing the macroeconomic impact of the sharp decline in oil prices and the short- and medium-term policies needed to safeguard macroeconomic stability and ensure debt sustainability, as well as structural reforms to promote sustained inclusive growth and reduce poverty.

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Manufacturing and Diversification of Economy is Key Driver to Attaining Economic Growth – Davies

The Minister of Trade and Industry, Dr Rob Davies says that the manufacturing sector and diversification of the economy is a key driver to attaining South Africa’s economic growth objectives. Davies was speaking at a two-day Manufacturing Indaba Western Cape that is currently underway at the Cape Town International Convention Centre.

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Connectivity and collaboration in the ICT industry: the key to socio-economic development

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Why is it so important to ensure that as many people in the world as possible have access to information and communication technologies? And why does collaboration within and across the ICT industry matter so much in driving socio-economic development?

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