governance Archives - AfricaBusiness.com

19Aug

By Africa BusinessNo Comments

Problems And Prospects Of Family Businesses: Trusts, ESG, NextGen, And What Is Needed For Success

Interview with Faizal Bhana - Director – Middle East, Africa and India Jersey Finance. Interview with Faizal Bhana, Director, Middle East, Africa and India, Jersey Finance, delves into the evolving landscape of family businesses and how they navigate the diminishing trust advantage amid rising ESG (Environmental, Social, and Governance) demands and NextGen aspirations. How has the use of trusts evolved for family businesses over the past decade? Over the past decade, the use of trusts has evolved significantly for family businesses. Increased regulatory scrutiny and transparency demands have led to more structured governance frameworks and a more planned approach. Families are increasingly using trusts to manage succession, mitigate long-term risks and ensure long-term sustaina...

7Nov

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo

Democratic Republic of Congo: ICT4Gov Project Uses Participatory Budgeting and Telecommunications to Build Transparency and Accountability

Synopsis Project feedback mechanisms driven by participatory budgeting and new innovations in information communication technology are working to successfully build transparency, increase accountability and overcome a long history of mistrust in the Democratic Republic of Congo's South Kivu Province. Challenge Following decades of colonial rule, conflict upon conflict, mismanagement, and internal corruption, the Democratic Republic of Congo's national government was left with limited institutional capacity to provide effective services at the local level. This limited capacity has often prompted citizens' groups to view the central government as illegitimate, rent-seeking authorities uninterested in ensuring that resources filter down from the capital to far flung pr...

6Nov

By Africa BusinessNo Comments

African News, Uganda News

IMF Concludes Staff Mission to Uganda

KAMPALA, Uganda, November 6, 2012/African Press Organization (APO)/ – An International Monetary Fund (IMF) team visited Kampala from October 24 to November 6, 2012 to carry out discussions with the Ugandan authorities for the fifth review of their IMF-supported economic and financial program. The mission met with Hon. Maria Kiwanuka, Minister of Finance, Planning, and Economic Development, and Professor Emanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, as well as other senior government officials, development partners, and representatives of the private sector and civil society. At the end of the mission, Ms. Ana Lucía Coronel, IMF senior resident representative and mission chief for Uganda, issued the following statement: “Uganda’s economic growth rate declined fro...

6Nov

By Africa BusinessNo Comments

African News

International business must reach out to the global masses

By Thandisizwe Mgudlwa An initiative aimed at mobilizing the Global business community to achieve sustainable prosperity must be taken seriously. A document released from Washington, D.C reveals that transnational corporations are now so numerous and in some cases so well capitalized that their global influence now rivals and in many cases exceeds that of governments, according to research published by the Worldwatch Institute. And that around 80,000 transnational corporations (TNCs) operate worldwide, a mere 147 of which control 40 percent of the total value of all these corporations' value. Any vision of a sustainable future must include full recognition of the role that TNCs play in shaping the planet's human and ecological destiny, authors argue in Institute's Stat...

3Nov

By Africa BusinessNo Comments

African News, Rwanda News

Africa: Shared benefits require bold economic reforms

The seventh African Economic Conference ended on November 2, 2012 in Kigali, Rwanda KIGALI, Rwanda, November 3, 2012/African Press Organization (APO)/ – Participants at the closing session of the seventh African Economic Conference (http://www.africaneconomicconference.org), on November 2, 2012 in Kigali, Rwanda, urged African leaders to put in place bold economic reforms, aimed at sustaining growth and boosting human development. Logo African Economic Conference: http://www.photos.apo-opa.com/plog-content/images/apo/logos/aec-logo.jpg Photo Donald Kaberuka: http://www.photos.apo-opa.com/plog-content/images/apo/photos/donald-kaberuka—afdb-president.jpg The four-day conference highlighted the need for policy-makers to create diversified economies capable of generating e...

31Oct

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo, Ethiopia News, Kenya News, Rwanda News

Kagame opens African Economic Conference, calls for models that respond to local needs

ADDIS ABABA, Ethiopia, October 31, 2012/African Press Organization (APO)/ – Rwandese leader, President Paul Kagame today in Kigali opened the 7th African Economic Conference, calling it an opportunity for leading African economists to look beyond purely economic factors for solutions to Africa’s developmental problems. Convened by the Economic Commission for Africa, (ECA), the African Development Bank, (AFDB) and the United Nations Development Programme (UNDP), the three-day conference is focusing on the theme Inclusive and Sustainable Development in an Age of Economic Uncertainty, according to ECA’s Information and Communication Service. He said that analysts might point to issues of governance and lack of sufficient transformational leaders but “the real problem is that our...

11Oct

By Africa BusinessNo Comments

African News

Annual Investment Meeting 2013 (AIM)

The Annual Investment Meeting 2013 (AIM) is an initiative from the UAE Ministry of Foreign Trade to be held in Dubai, United Arab Emirates from April 30 – May 2, 2013 at the Dubai International Convention and Exhibition Center. The third edition of AIM will provide a true assessment of investment opportunities in frontier, emerging and transition economies with a special focus on some high growth regions such as Africa and Asia as well as in the United Arab Emirates (UAE), one of the most dynamic and the leading economic centre in the Middle East and North Africa region. This three-day FDI focused event includes an Executive Leadership Conference, a Tripartite High-level Meeting, Country Presentations, G2G & B2B Meetings, an Exhibition, Investment Aw...

24Aug

By The African Press OrganizationNo Comments

African News, Kenya News

Catherine Ashton travels to Kenya to reiterate EU support to democracy, security and economic growth in the region

BRUSSELS, Kingdom of Belgium, August 24, 2012/African Press Organization (APO)/ – Catherine Ashton, EU High Representative for Foreign Affairs and Security Policy/Commission Vice President, is travelling to Nairobi where she is to meet Prime Minister Odinga, Minister of Foreign Affairs Ongeri, and other Kenyan leaders on 28 August. As Kenya is preparing for national elections in March 2013, the EU reiterates its support to the efforts of the Kenyan people to build democracy, security and prosperity in their country. Catherine Ashton regrets the loss of life in the conflict in south-eastern Kenya and appeals to the communities involved to cease violence and resort to peaceful means of conflict resolution. On 26 August, Catherine Ashton will also visit a vessel participating in the ...