economy Archives - Page 2 of 5 - AfricaBusiness.com

Africa needs policies to protect its economies from vulnerabilities

21Mar

By Africa BusinessNo Comments

Main

Africa needs policies to protect its economies from vulnerabilities

Mr. Elhiraika said Africa’s growth is projected to remain strong, moderating around 3.2% in 2018, but expected to recover to 3.4% in 2019 and 3.8% in 2020 African countries need policies that can help build resilience, raise potential growth and inclusiveness if the continent is to achieve the sustainable development goals and aspirations of Africa’s Agenda 2063. This was said Wednesday by Adam Elhiraika, Director of the Macroeconomics and Governance Division of the Economic Commission for Africa (ECA) in his presentation to the 38th meeting of the Committee of Experts of the Conference of African Ministers of Finance, Planning and Economic Development in Marrakesh. Mr. Elhiraika, who gave an overview of Africa’s recent economic and social development performance, said the continent also b...

26Dec

By Africa BusinessNo Comments

African News

A company that knows how to make things look easy

By Thandisizwe Mgudlwa Alcatel-Lucent has a success story to tell. Its stories, references and activities in Africa in 2012 is a lesson for many other organizations who what to make it big on the continent. In a recently published document Alcatel-Lucent shares references, successes, achievement and activities in Africa; as well as vision of African Market and broadband according to Daniel Jaeger, Vice-President of Alcatel-Lucent in Africa. News from Algiers, Algeria reveal that broadband for Africa, realize the potential of a connected world and tackle rural inclusion. I – Alcatel-Lucent presence, activities and foot print in Africa. II- Broadband in Africa, vision and view according to Daniel Jaeger Vice-President of Alcatel-Lucent Africa. III - Alcatel-Lucent’s pres...

20Dec

By Africa BusinessNo Comments

African News

A ten-year strategy to support the development of social protection systems in Sub-Saharan Africa

STORY HIGHLIGHTS Social protection, which comprises both social assistance and social insurance programs, is a powerful tool to reduce poverty and vulnerability The World Bank has a new 10-year strategy for social protection in Africa (2012-2022) The vision is to help governments build country-owned national social protection systems Social protection, once thought of as exclusive to rich and middle-income countries, is being increasingly employed in low-income countries in Africa, where policymakers are recognizing its potential as a powerful tool to reduce poverty, vulnerability, and social inequality. The food, fuel and financial crises of 2008 have shown the vital role that social protection can play in cushioning poor and vulnerable households from shocks. Acro...

13Dec

By Africa BusinessNo Comments

African News

Frost & Sullivan: Need for Increased Functionality Drives EMEA Contact Center Systems Market

Enterprises pushing for tighter integration between various contact center applications LONDON, Dec. 13, 2012 /PRNewswire/ -- Technology upgrades and migration to IP/SIP are key drivers for the contact center systems market in Europe, Middle East and Africa (EMEA). Revenue growth in the analytics segment is robust, followed by the quality monitoring (QM) segment. Despite the presence of large vendors, there still exists substantial scope for smaller and emerging companies to innovate and expand, particularly in the analytics and QM segment. New analysis from Frost & Sullivan (http://www.contactcenter.frost.com), EMEA Contact Center Systems Market, finds that the market earned revenues of €637.4 million in 2011 and estimates this to reach €811.3 million in 201...

13Dec

By Africa BusinessNo Comments

African News

African Medical Device Market: Facts and Figures 2012

NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: African Medical Device Market: Facts and Figures 2012 Why look at Africa? With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare. Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-develop...

17Nov

By Africa BusinessNo Comments

African News, Senegal News

IBM Helps Senegalese City of Thies Plan for Economic Growth

THIES, Senegal, Nov., 2012 /PRNewswire/ -- A team of experts from IBM (NYSE: IBM) presented recommendations to the City of Thies to grow the economic sector through measures to bolster entrepreneurialism, agricultural exports, and education. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) The 14-member IBM team of experts, with members hailing from ten countries, are completing a month-long engagement as part of IBM's pro bono Corporate Service Corps program, which provides problem-solving assistance to educational institutions, small businesses, non governmental organizations (NGOs), and governmental agencies in emerging markets. Since the launch of the Corporate Service Corps in 2008, over 2,000 IBM employees based in 50 countries have been dispatched on mor...

14Nov

By Africa BusinessNo Comments

African News

The 10th Forex Conference & Expo Kicks off this Thursday 15 November in Dubai

The show will open its doors in Dubai at 10:00 am on Thursday and will cover online trading currencies, commodities, gold, oil, stocks and derivatives, at Jumeirah Beach Hotel Dubai, and will continue until Friday November 16, 7:00 pm. '' Forex for this year 2012 will witness the participation of Swiss banks specialized in Forex trading along with many trading companies that come for the first time in Dubai. Speaking at the Conference; 15 notable lecturers and speakers from the leading experts and global economic analysts, said Katia Tayar, President of Arabcom Group ; the Organizer of the Event. The Conference provides the perfect opportunity to highlight the trends of the current global capital markets and market expectations in 2013, and it reviews a range of issues of commo...

13Nov

By Africa BusinessNo Comments

African News

AUC and CTA sign MoU to strengthen agricultural policies in Africa

by Wallace Mawire The African Union Commission (AUC) and the Technical Centre for Agricultural and Rural Cooperation (CTA), have signed a Memorandum of Understanding to strengthen agricultural policies in Africa, according to a spokesperson. The MoU was signed by the AUC’s Department of Rural Economy and Agriculture (DREA) Commissioner, Mrs. Rhoda Peace Tumusiime, on behalf of the AUC and Dr. Michael Hailu, CTA Director. The partnership with CTA was welcomed as a timely move; as global attention was now focused on Africa’s resolve to shoulder its responsibilities of eradicating hunger and poverty. CTA’s role involves championing the causes of agricultural development, food and nutrition security and environmental sustainability in Africa. DREA and CTA h...

10Nov

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Energy, Green Energy

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa's renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects. Standard Bank Group will provide comprehensive corporate and investment banking services to all its clients, including underwriting R9.4-billion worth of debt, providing interest and currency hedges, carbon trading credits, and corporate bonding and guarantee facilities. Standard Bank Group has also taken an equity stake in four projects. The South African government's allocation of 1,416MW for this first round of the procuremnt process has translated...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Ireland’s Minister for Trade and Development Leads Enterprise Ireland Trade Mission to South Africa

On Sunday 10 November 2012, Ireland’s Minister for Trade and Development, Joe Costello TD, will lead an Enterprise Ireland trade mission with 37 companies to South Africa. The trade mission is being organised by Irish trade and technology agency, Enterprise Ireland in close cooperation with Ireland’s Department of Foreign Affairs and Trade and the Embassy of Ireland in Johannesburg. It is aimed at cementing the growing trade relations between the two countries and is part of a broad, long term strategy to further develop Irish trade links and partnerships not just in the South African market, but in the wider Sub-Saharan region. Last year Irish exports to South Africa increased to €944m and exports for 2012 are expected to continue this momentum. South Africa exports ...