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United States Announces Nearly $100 Million in Additional Food Assistance for Ethiopia

by Africa Business on Feb 1, 2016



U.S. Agency for International Development (USAID) Administrator Gayle Smith announced an additional $97 million in emergency assistance for Ethiopia today, to address the ongoing humanitarian crisis resulting from the impacts of the El Niño phenomenon. This additional contribution includes more than 176,000 metric tons of food to be distributed to over 4 million Ethiopians and refugees. It builds …Read More

Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

by Africa Business on Jan 29, 2016



The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries representatives of the private sector, …Read More

African Union Leadership Academy to Promote Good Practices towards the achievement of Agenda 2063

by Africa Business on Jan 28, 2016



The Administration and Human Resources Management Directorate (AHRMD) of the African Union Commission (AUC) launched the African Union Leadership Academy project today, 28th January, 2016 at the AU in Addis Ababa Ethiopia under the theme: Driving the Africa We Want. The launch was attended by H.E. Dr. Nkosazana Dlamini Zuma, Chairperson of the Commission, H.E. …Read More

IMF Executive Board Approves Extension of the Stand-By Arrangement and Stand-By Credit Facility for Kenya

by Africa Business on Jan 28, 2016



The Executive Board of the International Monetary Fund (IMF) approved on January 27, 2016—without an Executive Board meeting[1]—an-extension of both Kenya’s Stand-By Arrangement (SBA) and Arrangement under the Standby Credit Facility (SCF) to March 15, 2016. This extension will provide time to the authorities to finalize fiscal measures for 2015/16 and implement structural measures under …Read More

Commissioner Acyl articulates the dire need for Africa’s structural transformation in line with the Agenda 2063

by Africa Business on Jan 28, 2016



The Commissioner for Trade and Industry of the African Union Commission (AUC) had a press briefing today on the margins of the 26th African Union Summit of Heads of State and Government, under the theme: “The African Union’s Trade and Industry Agenda as a catalyst for Africa’s Development”. H.E. Mrs. Fatima Haram Acyl highlighted the …Read More

Libya conflict lingers leaving nearly 2 million in need of health care

by Africa Business on Jan 28, 2016



As Libya’s yearlong peace talks aimed at establishing a unity government stall again, the lives of millions of people needing urgent health care linger in the balance. WHO and health partners require a total of US$ 50 million in 2016 to meet the urgent life-saving needs of nearly 2 million people. Speaking at a special briefing …Read More

26th AU Summit: The African Union must adopt an emergency plan for Burundi to avoid the outbreak of an open conflict

by Africa Business on Jan 28, 2016



While the African Union is currently holding its 26th summit in Addis Ababa, FIDH urges heads of States and governments to adopt a strong resolution to overcome the multi-faced political deadlocksthat could lead to the outbreak of an open conflict in Burundi. This emergency plan for Burundi must include a binding roadmap establishing an effective …Read More

Essay: South African Business Culture

by Africa Business on Jan 28, 2016



What do you know about business culture in South Africa? Does it differ from American business culture? When you have decided to do business in South Africa, it is smart to learn something new about the culture of the local people. You will never succeed in business if you do not know about their lifestyle, …Read More

The Egyptian government to engage DFIs and investors to outline 30GW of energy projects this February

The Egyptian government to engage DFIs and investors to outline 30GW of energy projects this February

by Africa Business on Jan 27, 2016



Next month (16 -18 February 2016) Egypt’s government, regulators and public sector stakeholders will discuss the role of DFIs and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects that are about to go to tender, and projects which will require additional investments and partnerships to be completed.   …Read More

Annual Investment Meeting 2016 delegation head to Africa to tap FDI opportunities

Annual Investment Meeting 2016 delegation head to Africa to tap FDI opportunities

by Africa Business on Jan 27, 2016



AIM committee targets pan Africa FDI market, described as the fastest growing region globally, achieving 19-fold increase between 1990s and 2013 24 Gulf investors played a key role in the re-emergence of North Africa as a leading FDI destination in 2014, says EY report   Dubai, UAE, January 2016: At a time when the African …Read More

Irregular Migration in Horn of Africa Increases in 2015

by Africa Business on Jan 27, 2016



In 2015 five countries in the Horn of Africa – Djibouti, Ethiopia, Eritrea, Somalia, and Sudan – experienced a marked increase in irregular migration by land and sea from a year earlier. The increase is drawn from five indicators: (1) Arrivals in Yemen from the Horn of Africa. (2) Arrivals in the Horn of Africa …Read More

Ivory Coast – Gbagbo and Blé Goudé at the ICC: An important step towards justice for victims of the post electoral crisis

by Africa Business on Jan 27, 2016



On 28 January 2016, former President of Ivory Coast Laurent Gbagbo and former Minister and leader of the Young Patriots (COJEP) Charles Blé Goudé, will face ICC judges at the opening of their joint trial in The Hague, Netherlands. Our organisations underline this judicial episode’s great significance in the fight against impunity for international crimes …Read More

INTERPOL to open Special Representative office at African Union

by Africa Business on Jan 27, 2016



An agreement signed by Ethiopia’s State Minister of Foreign Affairs, Ambassador Taye Atske-selassie and INTERPOL Secretary General Jürgen Stock has paved the way for the world police body to open a Special Representative office at the African Union. With Africa facing a wide range of crime issues including terrorism, child labour, fake medicines, cybercrime, drug …Read More

IOM Provides Cash Aid to Flood-Displaced Households in Malawi

by Africa Business on Jan 26, 2016



IOM Malawi, with funding from the European Commission’s Humanitarian Aid and Civil Protection Department (ECHO), is distributing cash grants this week to complement Malawi Government efforts to support families affected by the 2015 floods. The cash assistance is targeting 150 internally displaced families (750 people) in the hardest hit districts of Chikwawa, Nsanje, Zomba and …Read More

UN must act on call for South Sudan arms embargo

by Africa Business on Jan 26, 2016



The UN Security Council must act immediately on the recommendations of its own Panel of Experts and enforce a comprehensive arms embargo to halt the flow of weapons into South Sudan, said Amnesty International today. Following the outbreak of the conflict in December 2013, Amnesty International has been lobbying for an arms embargo to help …Read More

South Africa: 10% drop in agricultural production, DA Western Cape wants help for farms hurt by fires

by Africa Business on Jan 26, 2016



by Beverley Schäfer, MPP DA Western Cape Spokesperson on Economic Opportunities, Tourism and Agriculture Chairperson of the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape Provincial Parliament Hundreds of Western Cape farmers have suffered damages after fires wreaked havoc on vineyards in Stellenbosch, Overberg, Simonsberg and Kogelberg. The DA in the …Read More

Making agricultural biotechnologies work for small-holder farmers

by Africa Business on Jan 26, 2016



International symposium at FAO: 15-17 February 2016 FAO is hosting an international symposium on “The Role of Agricultural Biotechnologies in Sustainable Food Systems and Nutrition” from 15-17 February 2016. This technical conference will explore how agricultural biotechnologies can benefit small-holder farmers, particularly those in developing countries, who need to improve nutrition and strengthen livelihoods even …Read More

Trade MEPs back emergency plan to import 70,000 tonnes of Tunisian olive oil duty free

by Africa Business on Jan 25, 2016



A proposed emergency measure to import 70,000 tonnes of olive oil from Tunisia duty free, to help boost the struggling Tunisian economy, hit not least by terrorist attacks of 2015, was backed by the EP Trade Committee on Monday. To meet the concerns of the EU olive oil producers, they nonetheless inserted an amendment that …Read More

U.S. Secretary Of Commerce Penny Pritzker Arrives in Lagos, Nigeria to Lead Fact-Finding Mission with President’s Advisory Council on Doing Business in Africa

by Africa Business on Jan 25, 2016



During Trip, Secretary Pritzker and Council members will visit Nigeria and Rwanda WASHINGTON D.C., United States of America, January 25, 2016/APO (African Press Organization)/ –U.S. Secretary of Commerce Penny Pritzker arrived in Lagos, Nigeria to kick-off a fact-finding mission with senior U.S. business executives who comprise the President’s Advisory Council on Doing Business in Africa (PAC-DBIA).  …Read More

Africa’s Agricultural Transformation Opportunity

by Africa Business on Jan 25, 2016



Authors   Laura Gurski Xavier Mesnard Bart Van Dijk Jaco Prinsloo Yuvesh Bedassi Wim Plaizier Building agricultural ecosystems can boost social cohesion, drive beneficial continental and global trade, and create millions of jobs for Africa. The Case for Change There are, essentially, two truths today about African agriculture: significant progress has been made, and there …Read More

Solar & Off-Grid Renewables West Africa 2016

Solar & Off-Grid Renewables West Africa 2016

by Africa Business on Jan 25, 2016



This high-level conference will bring together key regional and international players from the solar industry to explore the huge on and off-grid market opportunities in West Africa and beyond. With over 50 international speakers, this two day conference will provide fantastic opportunities for in-depth discussions and networking. When Tuesday, 19 April 2016 at 08:30 – …Read More

Toward the establishment of a Pan African Agribusiness Holding Company

by Africa Business on Jan 25, 2016



The Chairperson of the African Union Commission, H.E. Dr. Nkosazana Dlamini Zuma, and the Chairperson of SOBEK Trade and Investment (Egypt), Mrs. Manal Abdel Moneim, have signed a Memorandum of Understanding in support of an initiative to launch a Pan African Agribusiness Holding Company. The MoU signed on Tuesday 19 January at the African Union …Read More

In Low Oil Price Situation, Equatorial Guinea Shifts Export Strategy

In Low Oil Price Situation, Equatorial Guinea Shifts Export Strategy

by Africa Business on Jan 25, 2016



India is one of Equatorial Guinea’s biggest importers of crude oil, but much of these sales have been the work of middlemen selling spot cargoes. That is about to change as part of the Ministry of Mines, Industry and Energy’s shifting petroleum export strategy with Asian economies. “We want to eliminate the middleman,” said H.E. …Read More

IMF Executive Board Completes Third PSI Review for Tanzania

by Africa Business on Jan 22, 2016



The Executive Board of the International Monetary Fund completed today the third review of Tanzania’s economic performance under the program supported by the Policy Support Instrument (PSI)1. In completing the review, the Board also approved modification of the December 2015 assessment criteria on net international reserves and tax revenue, a waiver for the missed June …Read More

Dispatches: Prevent More Bloody Repression in DR Congo

by Africa Business on Jan 20, 2016



NEW YORK, United States of America, January 20, 2016/APO (African Press Organization)/ –One year ago today, demonstrations began in Kinshasa and other cities across the Democratic Republic of Congo to protest attempts by President Joseph Kabila to stay in power. When security forces cracked down on demonstrators, peaceful protests turned violent. Over several days the …Read More

Scientific mission to Kenya

by Africa Business on Jan 20, 2016



From 13 to 15 January, a high-level scientific delegation headed by Ambassador Mauro Moruzzi was in Kenya on a fact-finding mission. The aim of the visit was to assess the potential for collaboration with a number of renowned institutions in the country, which acts as a regional platform. Kenya’s economy has been growing for several …Read More

Reports of Mass Graves and Serious Human Rights Abuses in Burundi

by Africa Business on Jan 20, 2016



WASHINGTON D.C., United States of America, January 20, 2016/APO (African Press Organization)/ –Press Statement  Mark C. Toner Deputy Department Spokesperson Washington, DC January 19, 2016 The United States is deeply alarmed by reports, including those from the UN High Commissioner for Human Rights and the African Commission on Human and Peoples’ Rights, of serious human …Read More

Sierra Leone national consultation to rebuild export economy

by Africa Business on Jan 20, 2016



A national consultation kicks off in Sierra Leone today to help the country’s small and medium enterprises reach new export markets, and re-orient an economy still reeling from the Ebola crisis towards sustainable growth. The stakeholder consultation, taking place in the capital Freetown, will look at ways to improve industrial product packaging in key sectors …Read More

MMIE and ONGC Videsh Sign MoU for Energy Cooperation

by Africa Business on Jan 20, 2016



The Government of Equatorial Guinea, represented by the Ministry of Mines, Industry and Energy, has signed a memorandum of understanding (MoU) with the Oil and Natural Gas Corporation Limited (ONGC Videsh) for a sweeping cooperation that could encompass several areas of the oil and gas industry. The Government of Equatorial Guinea was represented by H.E. …Read More

Counter-terrorism measures threaten money sent home by Somali diaspora, UN rights experts warn

by Africa Business on Jan 19, 2016



The vital flow of remittances from diaspora countries into Somalia is under threat as a result of necessary, but inadequately thought-through counter-terrorism measures. United Nations human rights experts have warned that the measures risk severely affecting the human rights of the people of Somalia, and have urged the governments of the United States, the United …Read More

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