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Friday@Noon on Manufacturing in Africa: 2018

10Apr

By Johan BurgerNo Comments

Business, Ethiopia News, Kenya News, Main, Rwanda News, South Africa News, Uganda News

Friday@Noon on Manufacturing in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Manufacturing in Africa Manufacturing and industrialisation are the current buzzwords for transforming Africa’s economies. In order to reduce any dependence on the extraction and sale of raw commodities, it does make sense to diversify Africa’s economies. African economies do seem to struggle with growing and developing their manufacturing sectors and to increase this sector’s contribution to their GDP’s. In addition to the challenges stated below, we do find that cheap imports from abroad complicate the process even more. These cheap imports range from cheap steel products from China (upsetting steel manufacturing in ...

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...

1Apr

By Jacques VermeulenNo Comments

African News, Ghana News, Kenya News, Main, South Africa News, Uganda News

Towards a world without waste

The invention of plastic has changed the world in so many ways – for both better and worse - that it’s hard to picture modern life without it. Instinctively, we might think a plastic-free world could only be an improvement, but that would be to ignore the extent to which plastic is interwoven in almost every aspect of our lives, including its role in the food economy. It has reduced food waste and packaging costs – contributing to food security - while enabling the convenience lifestyle of the modern working family. You only have to consider how the absence of plastic packaging would increase the risks of food product contamination and the spread of disease to understand the vital part it plays. Yet it’s also clear that the sheer volume of plastic pollution has become unsustainable. A 2017...

30Dec

By Otavio VerasNo Comments

Burundi News, Kenya News, Main, Rwanda News, Tanzania News, Uganda News

Integration Efforts in the EAC

Otavio Veras, Researcher of the NTU-SBF Centre for African Studies Synopsis The East African Community (EAC) is an economic bloc formed by Kenya, Tanzania, Uganda, Rwanda and Burundi. The countries have a history of cooperation dating back to the early 20th century. In the recent years, they have started various infrastructure projects to improve the connection between its members, ultimately decreasing the cost of doing business and making the bloc more attractive to trade with foreign countries. Singapore is enjoying this opportunity, with investments in the African continent growing at a compound rate of 12% per year[1]; the city-state has traded more than US$400 million with the EAC alone in 2013. Singapore is currently involved in various businesses in the region, ranging from agri...

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...

20Nov

By Africa BusinessNo Comments

African News

MITSUMI IT Distribution Africa concluded its GITEX 2012 debut on a high note

MITSUMI IT Distribution has concluded its GITEX debut successfully which run from October 14 – 18, 2012 at Dubai World Trade Centre. GITEX is the ICT business gateway to the Middle East, Africa and South Asia (MEASA) region. This year, for the very first time, MITSUMI has exhibited its world-class product portfolio from renowned global vendor partners HP, Dell, Acer, Toshiba, Lenovo, Samsung, Microsoft, Western Digital, BenQ and Tripplite at the prestigious event. With GITEX having an “Africa in Focus” theme this year, our stand attracted serious business visitors from all over the region. Numerous delegations from Algeria, Kenya, Libya, Cameroon, Ghana, Morocco, Nigeria, Tanzania, Ethiopia, Uganda and Tunisia have visited MITSUMI stand and have shown interest. MITSUMI's participation at ...

9Nov

By Africa BusinessNo Comments

African News, Uganda News

MTN Uganda releases statement on tax evasion case

MTN- Tax Evasion Press ( .pdf Acrobat reader) Allegations of Tax Evasion (Microsoft Word) Dear All, I wish to set the record straight on various negative and inaccurate stories that have appeared in the media over the last couple of weeks: In Mid-September, MTN Uganda discovered suspicious supply chain payments made to several service providers. The MTN forensic team and Uganda Police were engaged to investigate the suspicious transactions. This resulted in the charging of two staff members implicated in the investigation, with offences relating to fraud in the amount of UShs. 13 billion. MTN has also made criminal complaints against the suppliers implicated and filed a civil claim against one of them who reneged on their contractual undertaking to refund the funds misappropriated by...

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...

5Nov

By Africa BusinessNo Comments

African News, Uganda News

Tánaiste welcomes commitment from Government of Uganda to repay funds misappropriated from Irish Aid

DUBLIN, Ireland, November 5, 2012/African Press Organization (APO)/ – The Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore, T.D., today welcomed the Government of Uganda’s commitment to repay €4m in Irish Aid funds which was misappropriated by officials in the Office of the Prime Minister, the Ministry of Finance and Bank of Uganda. The Tánaiste stated: “I have received assurances from the highest level in the Government of Uganda that they will repay in full the €4 million in Irish Aid funding which was misappropriated by corrupt officials. “I welcome this swift response to the very grave concerns which I conveyed to the Ugandan Government and the speed with which the Government has moved against officials who were implicated in this ...