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CryptoMetalExchange© will usurp the dominant fraudulent paper schemes that are currently perpetrated on COMEX and LBMA
September 21, 2017 | 0 Comments
MetalZoom.Energy aims to disrupt this system by using open source Lynux Hyperledger Fabric blockchain to enable open bid auctions of Cryptocurrency for metal delivery
Marc Ward, Founder of MetalZoom.Energy

Marc Ward, Founder of MetalZoom.Energy

DENVER, United States of America, September 21, 2017/ — MetalZoom.Energy (the “Company”) (www.MetalZoom.energy) advises that it has embarked upon the creation of the world’s first Crypto Metal Exchange. The founder of MetalZoom.Energy Marc Ward tells us “Our Crypto-Metal Exchange will provide a platform for miners to auction physical metal to the global consumer without any interference. The blockchain technology ensures zero corruption and results in untampered supply and demand forces to play out transparently.”

Ward, a Data Scientist who scored a perfect 800 on the quantitative GRE wrote an algorithm that correctly predicted the next move of the Nasdaq 100 futures market 88% of the time, over 4,000 times each trading day.
Ward believes that our markets are rigged by algorithmic dictates causing the price of precious metals to be controlled. “I see it as a closed-loop algorithm that announces the prices continuously throughout the day across all futures markets and humans in brokerage firms reacting to the change in prices”. As it is a closed-loop no one can overwhelm this pricing mechanism.

MetalZoom.Energy aims to disrupt this system by using open source Linux Hyperledger Fabric blockchain to enable open bid auctions of Cryptocurrency for metal delivery. Ward explains that “the futures exchange settles in debt currency instead of metal delivery. We plan to disrupt this by having metal ready for delivery and enabling consumers and investors to bid for that metal delivery with Cryptocurrencies across a transparent yet private blockchain framework”.

There are other facets to MetalZoom.Energy including Crypto Metal Mining which will enable miners to initiate a mine to produce metal. Those who acquire these Metal Delivery contracts will fund the miners directly via smart contracts with Cryptocurrency payouts and expect delivery of the metal extracted by the miners via the MetalZoom delivery services.

MetalZoom.Energy is quickly gaining the support of industry leaders with endorsements from the likes of Bill Murphy, Chairman of GATA (Gold Ant-trust Action Committee), Craig Hemke (aka Turd Ferguson of TF Metals Report), Elijah Johnson of www.FinanceandLiberty.com, Cardwell Lynch of the C-Sigma Show, V of Rogue Money Radio, GManIV and SilverDoctors.

Ward is embarking on a tour to Africa where he aims to promote MetalZoom.Energy to the local crypto community and convince miners to offer their metal for auction on the Crypto Metal Exchange. Ward arrives in Johannesburg on 18 October 2017. He will be the keynote speaker at a business breakfast on Thursday 19 October 2017 being held at the Wanderers Golf Club in Sandton, hosted by Mail & Guardian, before moving onto Cape Town where he will be attending several events.

MetalZoom.Energy is the world’s first private energy firm and the first Cryptocurrency with an honor code. MetalZoom.Energy has created the private-partnership Crypto-Metal Exchange. A private platform where producers and end users can engage in trades based upon unfettered real value.
Web: www.MetalZoom.energy

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SOUTH AFRICAN AIRWAYS VACATIONS® INTRODUCES ITS 2018 COLLECTION BROCHURE
September 21, 2017 | 0 Comments

Fort Lauderdale, FL (September 20, 2017) – South African Airways Vacations® (SAA Vacations®) launches its 2018 Collection brochure, featuring an expanded portfolio of affordable air-inclusive vacation packages to a variety of destinations throughout Southern and East Africa. The new 2018 brochure features a curated collection of the most popular value-packed vacation packages along with product information on South African Airways (SAA) and South African Airways Vacations®. Once again, SAA Vacations® is offering a digital version of the Collection brochure to make it easier and more efficient for both travel agents and consumers to explore options and book an African vacation of a lifetime.

For 2018, SAA Vacations® has introduced an array of 15 new hotels and safari lodges, nearly doubling their product offering to some of the most popular destinations throughout Africa. From trendy four and five star hotels in cosmopolitan cities like Johannesburg and Cape Town to luxury safari lodges, where guests can experience the “Big Five” wildlife, the enhancement of the SAA Vacations® portfolio greatly increases travelers’ options of affordable air-inclusive luxury packages to Africa.

“SAA Vacations® offers exciting and varied itineraries to both Southern Africa and East Africa that are fully customizable to cater to both luxury and budget travelers,” said Terry von Guilleaume, president of South African Airways Vacations®. “We are excited to partner with some of Africa’s best hotels and lodges to bring spectacular packages for 2018. And with air-inclusive packages starting at just $1899, travel to Africa is more affordable than ever.”

Highlights of the SAA Vacations® 2018 Collection include exceptional value on some of their most popular air-inclusive packages:

“Captivating Cape Town” This 5-night package is designed for those travelers who want to explore the beautiful city of Cape Town. Starting at $1,899* (restrictions apply) per person and includes five-nights in Cape Town with deluxe accommodations, full day Cape Peninsula tour, half day Cape Wine lands tour with wine tasting , Hop-on-Hop off bus pass and ground transfers.

“Wine and Safari” This vacation package begins with a three-night stay in Cape Town, a full-day tour of the Cape Peninsula and the Cape of Good Hope. Then off to South Africa’s wine region with a two-night stay in the historical town of Stellenbosch and a private Winelands tour. The experience continues with a safari and accommodations at Kapama River Lodge for a three-night stay near the world-famous Kruger National Park to enjoy morning and afternoon game drives to view Africa’s Big Five. The 8-night package starts at $4,399** (restrictions apply) per person.

“Introducing Ghana” Explore Accra with this 5-night package, starting at $2,999* (restrictions apply) per person and includes deluxe accommodations in Accra, Kumasi, and Cape Coast, full day tours, private vehicle transportation and ground transfers.

The South African Airways Vacations® 2018 Collection brochure is available online, click here or below. Travelers are encouraged to contact SAA Vacations’® Africa specialists at 1-855-FLY-SAAV or their professional travel consultant. For more information about our 2018 Collection visit: www.flysaavacations.com.

All advertised air-inclusive packages are commissionable and can be customized for both groups and individuals. Tailor made itineraries are our specialty and our team of Africa Specialists are standing by to assist you in creating a vacation of a lifetime.

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Aliko Dangote at UN General Assembly in New York: “Africa will become the food basket of the world” ; “Five of the twelve million jobs needed in Africa soon must be created in Nigeria”; “We should pray that oil prices remain low”
September 21, 2017 | 0 Comments
Founder and Chief Executive of Dangote Group Aliko Dangote

Founder and Chief Executive of Dangote Group Aliko Dangote

NEW YORK, United States of America, September 20, 2017/ — Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.”

In a packed room at the headquarters of global law firm Shearman and Sterling LLC  high level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, and Rwandan president Paul Kagame openly converse on Africa’s opportunities and challenges.

Both leaders underscored the ongoing movement to diversify African economies. In the case of  Nigeria, Africa’s largest economy, Dangote stated “we should pray that oil prices remain low. This helps wean us off the dependency on revenues from petroleum. We must take oil to be the icing on the cake. We already have the cake,” he added.

In addition to agriculture Dangote cited Nigeria’s vast mineral resources and gas as well and the need to manufacture more goods locally for domestic consumption. Both he and President Kagame cited continued need for heavy investments in education and connected the need for young people to be well trained for the jobs of tomorrow.

Dangote predicted that “five of the twelve million jobs needed in Africa soon must be created in Nigeria.”

Dangote’s fortune which stems from cement, sugar, and other household commodities has expanded into fertilizer and other processed high-value goods. “Technology of course helps us a lot and our factories are state of the art with the use of robotics but we shouldn’t be overly tech oriented to create wealth,” he told investors.

Mr. Dangote who is often cited as one of the most inspiring business leaders in the world today and a model for young entrepreneurs offered advice to Americans who tend to rely on outdated news and wrong perceptions of Africa, “Don’t be lazy. Go there and find the real story for yourself. Things have changed.”

 

Dangote noted the Rwanda success story where he has business interests as an example of positive change, good governance and leadership, and where corruption has been cured. He cited a personal experience of offering a $100 US tip for services at the Kigali Airport to staff who refused to take money for work they were paid to do. President Kagame was praised for delivering the environment for growth he promised. “There is nothing African about corruption,” the Rwandan president added.

The session was moderated by Rosa Whitaker, former US Trade Representative and author of the AGOA (African Growth Opportunity Act), whose business consultancy is credited for helping both African governments and US companies develop commerce.

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The Jim Ovia Foundation Pledges $2 Million to the Africa-America Institute to Support Higher Education
September 21, 2017 | 0 Comments
Jim Ovia

Jim Ovia

New York- 21 September, 2017- Mr. Jim Ovia, Founding Chairman of Zenith Bank, announced the establishment of a new scholarship program, The Jim Ovia Foundation Leaders Scholarship Fund, in partnership with the Africa-America Institute (AAI). The two million dollar pledge will finance four-year degree programs for high-achieving African students to attend world-class institutions around the globe. The announcement came during the 33rd Annual AAI Awards Gala.

“The Jim Ovia Foundation Leaders Fund is designed to be a definitive platform that will have an exponential impact in creating a better, brighter future for young Africans. With AAI’s 65-year tenure administering scholarship and deploying development capital for transformative results, we are honored to work together with the Mr. Ovia and his team,” Mr. Kofi Appenteng, CEO and President of the AAI stated.
“I have always been deeply committed to transforming Higher Education in Africa. We need to collectively empower young people and create a network of future leaders and game changers that can propel our continent forward. This fund, and this partnership with AAI are part of my continued dedication,” Mr. Ovia said following the announcement of the new scholarship.
The scholarship program follows a long-standing commitment from the Jim Ovia Foundation in investing in the youth and excellence in education. In partnership with the Africa America Institute, scholarships under the Fund will become available at the beginning of 2018. This marks a seminal moment for AAI with its rich tradition of building leaders in various sectors across the continent, and for Zenith Bank as it continues its global expansion.
Jim Ovia Leaders Scholarship Fund will expand access to education by providing scholarships to young and talented Africans who are under-resourced, from marginalized communities and those who would be the first in their family to attend university. The Fund is an important initiative that will leave a lasting impact on the next generation of Africans.
 Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centers in all states of the federation and the Federal Capital Territory (FCT). In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Ltd. as the UK subsidiary of Zenith Bank Plc.
Founded in 1953, The Africa-America Institute (AAI) is a premier U.S.-based international organization dedicated to strengthening human capacity of Africans and promoting the continent’s development through higher education and skills training, convening activities, program implementation and management. Our primary model is that we identify capacity-building projects and coordinate the programmatic, financial administration and evaluation necessary to deliver high-impact results
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African Women in Agriculture The Marrakech Declaration
September 21, 2017 | 0 Comments
The city of Marrakech hosted on 11 – 12 and 13 September 2017 an important international Congress on the subject “African Women in Agriculture” (AWA).
This unprecedented meeting is organized by the American Association Believe in Africa in collaboration with the PRESMA Agency.
Some 200 participants from 17 African countries and the USA took part in the meeting for three days. Mrs Angelle KWEMO President and Founder of this important initiative, at the opening stated that “in terms of agricultural production in Africa, women do not hold the key but they are the solution to the continent’s food challenge. It is through women that the continent will achieve not only its food self-sufficiency but above all its “food sovereignty”.
Mrs Mbarka Bouaida, Secretary of State in the Ministry of Agriculture in charge of Maritime Fisheries, highlighted the role of women in agriculture in Africa and explained the situation in Morocco.
Mr. Abdelfateh Bjioui, Wali of the Marrakech-Safi region, who gave the participants a warm welcome, congratulated the participants on the choice of Morocco and recalled the ambitious policy of His Majesty King Mohammed VI that God help him develop partnership between countries of the African continent.
Mr. Aziz Mekouar, former Ambassador of Morocco to the USA, explained the importance of the effective involvement of women in the light of the climate change of the planet.
The opening ceremony ended by the keynote address delivered by His Excellency Mr. John Dramani Mahama, former President of Ghana and a great friend of Morocco who recognized that “in Africa, no other sector of the economy has such a large participation of women than of agriculture. “
Work continued over two days and resulted in important resolutions. “All are committed to see the role of African women in agriculture recognized, with the establishment of the” African Prize for the Media in Agriculture and Sustainable Development “to encourage the media to improve the image of African women in agriculture, “says Fawzia TALOUT MEKNASSI, one of the partners of the event.
The words of the end of this agricultural congress was delivered to Mrs. Angelle KWEMO, who said that “it is time for Africa to produce the leadership that will enable the continent not only to achieve food security,  but also enhancing women actions, as pillar of this food security’.
The event was supported by OCP SA. Thus, during the plenary session titled “women central point of the green revolution”, Mrs. Imane Belghiti explained the concrete actions carried out by the OCP in Morocco as in the rest of the African continent.
The Social Development Agency represented by its dynamic Director GeneralM. Yassine HAMZA, shared with the other international agencies its expertise in supporting women’s agricultural cooperatives.
The event was also supported by international bodies such as UNO Women and the US Africa Development Foundation which not only supported rural women’s agricultural associations but also facilitated the participation of many women from the continent including leaders such as Korka Diaw, Korka Rice of Senegal and Mrs. Sirebara Foumata Diallo, President of the Union of Women Cooperatives in Agriculture of Mali. Appointment is therefore given in May 2018, for the second edition of “African Women in Agriculture”. Read the AWA Marrakech Full Declaration
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Ambitious Road map in the works after Marrakech African Women in Agriculture (AWA)” Conference
September 19, 2017 | 0 Comments

African Women in Agriculture

“AWA”

Marrakech September 13, 2017

Radisson Blu Hotel

The Marrakech Declaration

 

Angelle Kwemo of Believe in Africa with the Wali of Marrakech during the Conference

Angelle Kwemo of Believe in Africa with the Wali of Marrakech during the Conference

We, the women attending the ”Believe in Africa – African Women in Agriculture (AWA)” Conference held in Marrakech on 11-13th September 2017 at the Radisson Blu Hotel.

We express our deep gratitude to His Royal Majesty, King Mohammed VI for his strong leadership in advancing the African continent’s economic development and his special attention to women.

We hereby make this declaration:

We thank Madam Mbarka Bouaida, Secrétaire d’Etat au près du Ministre de l’Agriculture Chargé de la Pêche Maritime for her leadership and commitment to women empowerment;

We thank H.E. John Dramani Mahama, Former President of The Republic of Ghana for his encouragement and unwavering support to women empowerment and specifically in the agricultural sector;

We express to the Ministry of Solidarity, Women, Family and Social Development our willingness to strengthen our collaboration;

We thank M. Abdelfateh Bjioui, WALI of Marrakech region – Safi for his hospitality and support;

We thank the leadership of Office Chérifien des phosphates Group (OCP Group) For their support to women empowerment in the agricultural sector;

We thank the Moroccan Agency for Social Development for their support to women specifically for revenues generating activities

We thank UN Women and US Africa Development Foundation for their support women particularly in Burkina Faso, Senegal and Mali;

After two days of deliberations resolved as follows:

 

  • To establish an “Believe in Africa” Chapter in Africa;
  • To create “African Women in Agriculture” initiatives (AWA).
  • To institutionalize the annual “Believe in Africa African Women in Agriculture congress;
  • Urge all stakeholders to:
    • Create The “African Award for Media in Agriculture and Sustainable Development” to encourage media to promote African women in Agriculture image;
    • Establish an “African Traditional Rulers Award” to encourage African traditional rulers to supporting women access to land;
    • Establish an ”International Day of African

Women in Agriculture” with the aim of:

  • Highlighting and increasing visibility of women’s role in agriculture and sustainable development
  • Rebranding the image of women in agriculture;
    • Launch the “One Roof = One Garden” initiative to promote food self sufficiency, to enhance youth and women job creation in urban areas and promote urban agriculture;
    • Find creative ways to raise and mobilize funding to support African women in agriculture’ access to credit, finance services and business development services.
    • Enhance competitiveness for African women in agriculture by guiding on ways to promote value added products, facilitating market access through proper labeling, safety, marketing and branding;
    • Provide guidance to women on ways to improve safety and quality assurance measures with a view to gaining access to global markets;
    • Advocate and search for an organization that will lead and support an African Certification and labeling structure, internationally recognized.
    • Invest in capacity building programs for women along the entire agricultural value chain;
    • Advise women on ways to have access to land ownership.
    • Increase the use of mechanization and appropriate biotechnology for women in agriculture;
    • Support women to access up to date information on agribusiness, technology and international best practices;
    • Extend all agricultural incentives to women in Art and Handicraft.

 

Signed by Angelle Kwemo, Founder and President Believe in Africa

Approved by women attending African Women in Agriculture conference representing different nationalities (Cameroon, Morocco, Nigeria, Benin, Togo, Burkina Faso, Democratic Republic of Congo, Cote d’Ivoire, Ghana, Congo, Kenya, Chad, Guinea Bisau, Senegal, Mali, Cape Verde)

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Official launch of NEPAD’s 5% Agenda initiative for infrastructure financing in Africa
September 19, 2017 | 0 Comments
Bridging Africa’s $68bn infrastructure finance gap
 Ibrahim Assane Mayaki, NEPAD Chief Executive Officer

Ibrahim Assane Mayaki, NEPAD Chief Executive Officer

NEW YORK, United States of America, September 18, 2017/ — The New Partnership for Africa’s Development (NEPAD) (www.NEPAD.org) – African Union’s economic development programme gathered international investors and CEO-level business leaders at the NASDAQ Stock Market today, 18th September, for the launch of its 5% Agenda campaign.

The launch took place five years after a January 2012 African Union Summit adopted the Programme for Infrastructure Development in Africa (PIDA) which sets out 51 cross-border infrastructure programmes and more than 400 actionable projects in four sectors.

According to the World Bank, the continent needs to spend $93 billion annually (44% for energy; 23% for water and sanitation; 20% for transport; 10% for ICTs; and 3% for irrigation) until 2020 to bridge its infrastructure gap, which is currently removing an estimated 2% of GDP growth every year. On the other hand, Africa only managed to close 158 project finance deals with debt totalling $59 billion over the decade 2004-2013, which represents only 5 percent of infrastructure investment needs and 12 percent of the actual financial flows.[1]

The 5% Agenda campaign highlights that only a collaborative public-private approach can efficiently tackle these issues and calls for allocations of institutional investors to African infrastructure to be increased to the declared 5% mark.

Speaking at the launch event in New York, Ibrahim Assane Mayaki, NEPAD Chief Executive Officer, commented: “Infrastructure plays a leading role in supporting growth on the continent. At the same time, it can represent an innovative and attractive asset class for institutional investors with long-term liabilities. By launching the 5% campaign in New York today, we invite investors to take advantage of the wide-ranging opportunities Africa has to offer and to move forward with what can only be a win-win partnership”.

The launch of the campaign gathered high-level international investors and business leaders, including members of the PIDA Continental Business Network (CBN) which is spearheaded by NEPAD and constitutes a CEO-level private sector infrastructure leaders dialogue platform on PIDA.

Tony O. Elumelu, one of Africa’s most prominent entrepreneurs and active participant in the CBN said: “Africa is getting stronger every day with new business opportunities and innovative ideas but what is still crucially missing is project implementation. A coherent and coordinated approach is needed to mobilize institutional investors while limiting their risk exposure. African governments need to work on creating conducive environments to attract these investments which are so vital for the continent’s growth and development.”

According to a 2016 McKinsey report, institutional investors and banks have $120 trillion in assets that could partially support infrastructure projects.[2]

Now more than ever, Africa needs to tap into this available. As banks face additional regulatory challenges and as governments have limited fiscal space, it is becoming increasingly urgent to unlock additional flows from long-term institutional investors such as insurers, pension funds, and sovereign wealth funds.

For pension and sovereign wealth funds to be able to invest in large-scale infrastructure projects in Africa, a variety of issues need to be addressed to strategically and intentionally facilitate long-term allocations. Chief amongst these matters is the need to reform national and regional regulatory frameworks that guide institutional investment in Africa. Likewise, new capital market products need to be developed that can effectively de-risk credit and hence, allow these African asset owners to allocate finance to African infrastructure as an investable asset class to their portfolio.

All these issues are at the heart of the 5% Agenda roadmap, which is the backbone of NEPAD’s campaign and is foreseen to have the following impact:

  1. Unlocking notable and measurable pools of needed capital to implement regional and domestic infrastructure projects on the continent.
  2. Broadening and deepening the currently very shallow African capital markets, whilst at the same time contributing significantly to regional integration and job creation.
  3. Promoting the development of innovative capital market products that are specific to the continent’s challenges and potential in regards to infrastructure development.
  4. Raising the investment interest of other institutional and non-institutional financiers that so far have been hesitant to include African infrastructure projects as an asset to their investment portfolio based on specific, concrete next steps and project suggestions.
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Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia
September 14, 2017 | 0 Comments
New Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent
Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report

Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report

JOHANNESBURG, South Africa, September 14, 2017/ — Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these heavy-hitters in the competition for investment, according to the newly released Africa Risk-Reward Index developed by Control Risks (www.ControlRisks.com) and Oxford Economics.
Key findings of the report:

  • Nigeria and its energy sector are too big to lose their appeal – the country’s reward score is 6.0 (out of 10), ahead of South Africa and Egypt. Nigeria’s charms, however, fade against a risk score of 7.3 (out of 10), as President Muhammadu Buhari’s government struggles through its first term. A fall in oil prices and lower production due to insurgent attacks in the Niger Delta have slashed growth from 6.3% in 2014 to 2.7% in 2015 followed by a sharp contraction of 1.6% last year. Economic indicators for this year are more favourable, but still the report forecasts a real GDP growth of only 1.1% in 2017.
  • South Africa’s risk score of 5.0 remains below the region’s average, but the reward score of 4.6 is also low. Whilst the country enjoys a deserved reputation as Africa’s pre-eminent constitutional democracy, several of its key institutions have gradually weakened over the past decade. Economic prospects are closely linked to the outcomes of the ANC’s national conference in December. The forecasted real GDP growth of 0.5% for 2017 is below population growth and certainly insufficient to reduce South Africa’s staggering 27.7% unemployment rate.
  • Egypt will test the most ardent optimist. President Abdul Fatah al-Sisi’s political position is stable, despite a series of economic and security challenges, reflected in the country’s risk score of 6.0. Socio-economic grievances, a government crackdown on opposition and Islamist groups and persistent militancy will continue to have an impact on the business environment. The tourism sector remains depressed. The country’s reward score of 5.5 reflects the measures the government has taken since mid-2016 to address its fiscal problems. Real GDP growth is expected to slow in 2017 (to 3.8%, from 4.3% in 2016) owing to a slowdown in government and private consumption.
  • Ethiopia outperforms every African peer with its high reward score of 8.0. Notably, it attracted $3.2bn of foreign direct investment in 2016 – more even than Nigeria, and double the figure for Morocco. The East African nation is one of Africa’s fastest growing economies and continues to offer strong prospects. Growth averaged 10% from 2010 to 2015 and although 2016 growth was slower at 6.5% the expansion remains impressive. However, the omnipresent role of government in the economy raises concerns relating to public sector efficiency and financial management. External debt is expected to increase to 38.7% of GDP by the end of this year, leading to a risk score of 5.8.
  • Kenya has achieved a period of strong GDP growth amid relative political stability: real GDP growth averaged at 6.0% in 2010-16. The 2017 growth forecast is at 5.4%. The country’s reward score is 6.7. A well-educated workforce and an innovative service sector, the government’s continued investments in upgrading critical national infrastructure, and deepening integration with its neighbours through the East African Community (EAC) all allow the country to act as a gateway into the larger East Africa region. Current fiscal concerns and a political system that remains closely tied to ethnic affiliation contribute to a risk score of 5.6 and reflects considerable room for improvements.

Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report comments:
“Experienced investors – not only in Africa, but around the world – know that risk and reward are close companions. While no serious investor should overlook the economic giants of the continent, real competitive edge can only be achieved when investors manage to stay ahead of the pack in knowing what’s next. The Africa Risk-Reward Index helps investors to identify some of the more hidden investment opportunities in times where the heavy-hitters are struggling.”

Distributed by APO on behalf of Control Risks Group Holdings Ltd.

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Media contacts: Control Risks Friederike Lyon Marketing Director +49 30 533 288 55 +49 173 619 54 66 Friederike.Lyon@ControlRisks.com
Oxford Economics Gary Duncan Director of Communications +44 20 3910 8025 +44 77 88 155 715 Gary.Duncan@OxfordEconomics.com
About Control Risks: Control Risks (www.ControlRisks.com) is a global risk consultancy. We help some of the most influential organisations in the world to understand and manage the risks and opportunities of operating around the globe, particularly in complex and hostile markets. Our unique combination of services, our geographical reach and the trust our clients place in us ensure we can help them to effectively solve their problems and realise new opportunities in a dynamic and volatile world. Working across five continents and with 36 offices worldwide, we provide a broad range of services to help our clients to be successful.
About Oxford Economics: Oxford Economics is a world leader in global forecasting and quantitative data analysis, acting as a key adviser to corporate, financial and government decision-makers, and thought leaders. Our worldwide client base comprises of international organisations, including leading multinational companies and financial institutions; key government bodies and trade associations; and top universities, consultancies and think tanks. Oxford Economics has a global team of over 200 professional economists and econometricians situated in 20 offices around the world that help clients quantify global impacts and analyse shifts in the macroeconomic environment to assess the effect on their business and organizations.
Control Risks and Oxford Economics: Control Risks and Oxford Economics have joined forces to provide an innovative political and economic risk forecasting service that takes a holistic view of risk in a complex, rapidly changing, globalised world. Control Risks and Oxford Economics combine extensive geopolitical, operational and security expertise with rigorous economic forecasts and models on 200 countries and 100 industries. Together, we offer full-spectrum consulting that enables your organisation to navigate the world of political and economic risk. Covering all aspects of the investment journey, including security and integrity risk, our joint consultancy practice can overlay geopolitical and economic scenarios to bring new insights and direction.
Methodology The Africa Risk-Reward Index is defined by the combination of risk and reward scores, integrating economic and political risk analysis by Control Risks and NKC African Economics (an Oxford Economics company).
Risk Scores The risk scores replicate the scoring of each country within the joint product offering Economic and Political Risk Evaluator (EPRE) of Control Risks and Oxford Economics, the majority shareholder of NKC African Economics. Control Risks and Oxford Economics analysts rate a series of political and economic risk factors on a scale from 1 to 10, with 10 representing the highest level of risk. Each political and economic rating is assigned a default weight, based on its significance in the country context and its potential impact on business. The individual political and economic risk variables are then combined – multiplying rating by weighting – into the overall risk rating of a country.
Reward Scores The reward scores incorporate medium-term economic growth forecasts, economic size, economic structure and demographics. The economic growth outlook has the biggest weight in the reward score, as investment opportunities multiply where economic growth is strong. But the absolute size of the economy makes a difference, too, so the score incorporates a weight for economy size.The economic structure indicator derives from the ‘economic structure risk’ component of NKC’s sovereign risk rating model, which takes into account debt metrics, the current account, financial structure (including banking sector stability) and investment. Demographics are incorporated through the formulation of a demographic dividend, which incorporates population size, urbanisation and dependency ratios.

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Africa50 Gains Guinea and Democratic Republic of Congo as Shareholders; Highlights Strategy and Investment Pipeline
September 13, 2017 | 0 Comments
DAKAR, Senegal,12 September 2017, -/African Media Agency (AMA)/- Africa50, the pan-African infrastructure investment platform, held its third Shareholder Meeting in Dakar on Tuesday, September 12. President Macky Sall of Senegal welcomed the delegates. African Development Bank Group President and Chairman of the Board of Africa50, Akinwumi Adesina, gave a feature address, and Africa50 CEO Alan Ebobisse provided updates on the Fund’s investment pipeline and strategy. They were joined by finance ministers, senior officials, and ambassadors from the 23 shareholder countries and members of the business community.

In his remarks, President Sall expressed his strong support for Africa50’s mission to catalyse private sector investment, from within and outside Africa, in infrastructure in Africa, since public resources are not sufficient. Outlining Senegal’s success, he stressed that governments must improve the business climate and create an environment conducive to private investment in infrastructure, including the regulatory environment for public private partnerships. Stating that “Africa is open for business”, he stressed that the continent has defined its priorities through initiatives such as PISA, and can use Africa50 as an important new instrument. He said, “I encourage all African countries to join this fund, which is ours, to fill our infrastructure funding gap.”

Africa50 Chairman Adesina, reiterated the need for private investment to close the large infrastructure funding gap in Africa, citing growing investor interest. Looking ahead to 2025 and a projected annual funding gap of $30-40 billion, financing African infrastructure will require a balance between development finance, which can fund and de-risk early stage financing, and long-term institutional investment which can quickly narrow the funding gap. Africa50, he said, was designed by the AfDB to help blend public and private finance, and through its project development division, build up the pipeline of “bankable” projects and facilitate public private partnerships. He commended the Africa50 leadership for ramping up operations, hiring top-notch staff and consultants, and naming a respected Investment Committee. The AfDB, he assured the audience, will continue to work closely with Africa50, especially to increase access to power. Chairman Adesina also officially welcomed two new Africa50 shareholders, Guinea and the Democratic Republic of Congo. (Note: Since the last Shareholders Meeting in July 2016 Tunisia has also joined.)

Thanking Chairman Adesina and President Sall for their presence and support, Africa50 CEO Alain Ebobisse, stressed the importance of the private sector to fill the infrastructure financing gap. He cited three success factors for Africa50’s mission: the strong support of the AfDB and the shareholders, the competence and experience of Africa50’s staff, and the quality of projects, which focus on being commercially viable while having a strong development impact.

In a video presentation that opened the event, Mr. Ebobisse and senior Africa50 staff further outlined Africa50’s comparative advantage for financing infrastructure in Africa. Specifically:
*    Through its close relationship with shareholders and African governments Africa50 can mitigate country risk through high-level public-sector engagement and by leveraging AfDB’s support.
*    Through its project development activities and ongoing dialogues with shareholder governments Africa50 can generate a strong deal flow to attract infrastructure investors.
*    By upholding international best-practice Environmental, Social, and Governance standards, Africa50 can help assure the long-term viability of projects.
*    And, finally, by building an experienced leadership and investment team with a demonstrated track record of successful deal-making on the continent, Africa50 will inspire confidence and catalyse more private investments in infrastructure.

 
Africa50 is an infrastructure investment platform that contributes to the continent’s growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact.
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IGD Fall Frontier 100 Forum to Convene African and Global Business Leaders, Investors to Drive Action on Increasing U.S. Investment in Africa
September 12, 2017 | 0 Comments
  • African Development Bank and African Export-Import Bank (Afeximbank) will serve as Collaborating Partners for the IGD Fall Forum

  • Forum to host the Africa investor (Ai) Development Finance-Institutional Investor Roundtable

  • Fireside Chat with a top U.S. government official and Congressional Roundtable on Capitol Hill to focus on shaping U.S.-Africa trade and economic policy 

IGD''s Mima Nedelcovych in audience with Burkina Faso's President  Roch M. C. KABORE

IGD”s Mima Nedelcovych in audience with Burkina Faso’s President Roch M. C. KABORE

WASHINGTON D.C. – September 12, 2017 – The Initiative for Global Development will hold its Fall Frontier 100 Forum on October 11-12, 2017, in Washington, DC, where African and global business leaders will convene to drive action on unlocking greater U.S. investment in Africa and African mid-sized companies for sustainable development and inclusive growth.

The invitation-only Fall Forum will be held on Capitol Hill and Covington law office in Washington, DC.

Under the theme “Growing the ‘Middle’: Investing in African Companies for the Continent’s Economic Transformation”, the Fall Frontier 100 Forum will bring together CEOs and senior executives from IGD’s Frontier Leader network to offer insight and scalable solutions on spurring investment opportunities to grow African companies and forge stronger business relationships between investors and African private sector leaders.

The tremendous growth of African mid-sized companies, maturation of African capital markets, bulging middle class, and steady economic growth are making the continent increasingly attractive for investment.

Yet, despite the growth opportunities, investment in the Sub-Saharan African region remains relatively low compared to other regions of the world. Private equity and principal investment capital under management in sub-Saharan Africa remain at only 0.1% of GDP, compared to approximately 1% of GDP in Western countries, cited a 2016 report by the Boston Consulting Group (BCG).

“African companies are the drivers of growth on the continent,” said Dr. Mima S. Nedelcovych, IGD President & CEO. “Given Africa’s rapidly evolving landscape, our Forum aims to focus on solutions and creative investment strategies to increase U.S. investment in Africa and dynamic African mid-sized companies that deliver high-returns and contribute to the continent’s economic transformation.”

The Fall Forum will host the Africa Investor (Ai) Development Finance-Institutional Investor Roundtable, which will feature a high-level dialogue led by key leaders from the Development Finance industry with counterparts from the institutional investment community. The discussion will center on new partnership strategies and vehicles available to de-risk and finance African infrastructure investment assets. African Ministers and DFI officials will offer responses to the roundtable discussion.

“African asset owners, principally pension and sovereign funds, allocate less than 1.5% of their assets under management (AUM) to infrastructure development on the continent, whilst Africa is struggling to mobilize private capital for its $50 billion plus, per annum infrastructure deficit,” commented Hubert Danso, CEO and Vice Chairman, Africa investor (Ai).  “This Ai dialogue session will build on Ai’s leadership role over the last five years, creating product and execution risk reward alignment, between institutional investors, DFI’s and Ministers of Finance, to pursue infrastructure co-investments and institutional investor public partnerships (IIPP’s),” he added.

On October 11, the Fall Forum will open with an interactive investor session led by a team from PYXERA Global that will take participants through a real-time simulation that moves from traditional investor/implementer relationships to mutually beneficial collaborations that align business goals with growth and opportunity in Africa.

A Fireside Chat with a top U.S. government official followed by a congressional roundtable on shaping U.S.-Africa trade and economic policy to improve Africa’s investment environment will be held on Capitol Hill. An evening reception, sponsored by the African Development Bank, will highlight a congressional delegation visit to West Africa.

A full-day of forum sessions on October 12, will feature keynote addresses and engaging panel sessions on “Attracting Private Equity Investments to Propel Inclusive Growth Opportunities for African Companies”“Strengthening the Value Chain: Financing Africa’s Agro-processing Industry”, and “Exploring Franchise Investment Opportunities: Win-Win for Building Africa’s Private Sector?”.

The Fall Forum will conclude with an evening reception to roll out a grassroots campaign on increasing U.S. investment in Africa. The grassroots campaign is part of IGD’s Africa Investment Rising campaign, a communications and advocacy effort aimed at changing the narrative on doing business in Africa by showcasing the continent’s business and investment potential and private sector leaders through multimedia storytelling, blogs and strategic traditional and social media outreach.

Forum sponsors, to date, include the African Development Bank and African Export-Import Bank as Collaborating Partners; Covington as Platinum Sponsor; Ex-Im Global Partners as Gold Sponsor; Clin d’Oeil Magazine as Silver Sponsor; and Africa investor as Organizational Partner.  

For more information on the Frontier 100 Forum and to register as “Media”, please click here. To become a media partner or to cover the forum, contact Shanta Bryant Gyan, Initiative for Global Development at email, sbryant@igdleaders.org  or call 202-412-4603

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New diagnostic test for human African Sleeping Sickness
September 12, 2017 | 0 Comments

A new diagnostic test developed from research at the Universities of Dundee and Cambridge has been launched with the aim of helping eliminate the disease known as African sleeping sickness.

Sleeping sickness, or Human African Trypanosomiasis (HAT), is caused by parasites transmitted by tsetse flies in sub-Saharan Africa and has a devastating impact, causing thousands of deaths each year.

Today, September 12th, the international non-profit organisation FIND and the diagnostics company Alere launched their second-generation rapid diagnostic test (RDT) for sleeping sickness. This second-generation test is easier and safer to produce, using recombinant protein technology to produce the two diagnostic antigens, one of which is completely new.

The new test, SD BIOLINE HAT 2.0, costs US $0.50 each and requires no specialist equipment to diagnose sleeping sickness from a pin-prick of blood, providing the same level of accuracy but in a more robust production format.

The test has been developed from research performed in the laboratories of Professor Mike Ferguson at Dundee and Professor Mark Carrington at Cambridge, with device prototyping done at BBI Solutions in the Dundee Technology Park.

“This is a terrible disease that causes character disintegration, psychological deterioration followed by coma and death, and current treatments are far from ideal,” said Professor Carrington.

“The World Health Organisation’s goal is to eliminate HAT and rapid and accurate diagnosis is essential to achieving this objective. It is extremely encouraging for us as researchers to see our work now being deployed in the field where it can make a real difference to people.”

The work at Dundee and Cambridge was supported through separate funding streams from the Wellcome Trust and the Medical Research Council (MRC).

Both the Dundee and Cambridge labs were supported by the Wellcome Trust at the time the research was done, and much of the work was performed by Dr Lauren Sullivan, MRC PhD student and then MRC Centenary fellow between 2008 and 2013, and Dr Mandy Crow, MRC PhD student between 2000 and 2004.

Professor Ferguson said, “Sometimes impactful work comes from side-projects where one synthesises funding streams, in this case from the MRC and the Wellcome Trust, and works across institutions and with industrial partners to do something more speculative or applied. The science underpinning this new diagnostic device is a good case in point.”

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Announcing 2017-2019 Next Einstein Forum Fellows, Africa’s top scientists solving global challenges
September 12, 2017 | 0 Comments
KIGALI, Rwanda, 12 September 2017 -/African Media Agency (AMA)/- The Next Einstein Forum (NEF) today announces its second Fellows Class, 16 scientists, all under 42 years of age, who are solving Africa’s and the world’s challenges. An initiative of the African Institute for Mathematical Sciences (AIMS) in partnership with the Robert Bosch Stiftung, the NEF will hold its second global forum for science in Kigali, Rwanda, under the patronage of H.E. President Paul Kagame.

Central to the NEF’s vision of propelling Africa onto the global scientific stage, the NEF Fellows will present their groundbreaking research at the NEF Global Gathering 2018, to be held on 26-28 March 2018, and help craft an exciting, high impact forum.

“Two years ago it was my great honor to announce the inaugural Fellows Class. Today again, I am excited to announce a brilliant NEF Fellows Class. The selected Fellows, six of whom are women, are doing cutting edge research in renewable energy, nanomaterials and nanotechnology, food security, regenerative medicine, cognitive systems related to fintech, cosmology, seismology etc. Beyond just theoretical research, our Fellows have developed impressive technologies from their research. We strongly believe their discoveries and initiatives, current and future, will solve global challenges in health, energy, climate change, education, agriculture to name a few,” said Mr. Thierry Zomahoun, President and CEO of AIMS and Chairman of the NEF.

NEF Fellows are selected by a prestigious Scientific Programme Committee using a rigorous process that looks at academic and scientific qualifications including a strong publication record, patents, awards, and independently raised funds for research. Fellows also have to demonstrate the relevance and impact of their research/innovations to society as well as a passion for raising Africa’s scientific profile and inspiring the next generation of scientific leaders.

“I would like to thank the first Fellows Class who have used their tenure to publish high impact research, multiply collaborations among young researchers globally and mentor the next generation. Their active participation in crafting the program has improved the Fellows Programme. Together with this new Fellows’ class, they join the newly launched NEF Community of Scientists, an exclusive network that offers members opportunities for consulting, grants, research collaborations, speaking opportunities and career mentorship. In return, members will participate in national and continental policy formulation, cross-cutting research and innovation activities, lead public engagement around science and technology in Africa, and provide mentorship to early-career scientists and students,” said Mr. Zomahoun.

Meet the 2017-2019 NEF Fellows:

Dr. Vinet Coetzee (South Africa) is working on affordable and non-invasive methods to screen children for nutrient deficiencies and inborn conditions, by training computer models to recognise the links between physical features and these conditions. For instance, Vinet’s team developed an affordable 3D camera at one tenth of the price of comparable commercial systems.

Dr. Abdigani Diriye (Somalia) is developing, together with his team at IBM Research Africa, new approaches to mine, model and score people, identifying the right amount of credit and appropriate products. Last year, they developed a machine learning approach that leverages new data sources (mobile phone behavior) to evaluate the financial profile and credit score of millions of people in East Africa.

Dr. Kevin Dzobo (Zimbabwe) is leading an inter-university collaboration between ICGEB/University of Cape and the University of Pretoria on developing a ‘stem cell-ECM’ bandage or patch which when fully developed can be used on injured tissue.

Dr. Jonathan Esole (DRC) introduced, while at Harvard University, a new topological invariant known as the orientifold Euler characteristic, which is now used daily by physicists working in F-theory. Jonathan also solved problems in supergravity open for more than twenty years.

Dr. Yabebal Fantaye (Ethiopia) investigates the statistical properties of the Universe using the Cosmic Microwave Background (CMB) data from the Planck satellite. More practically, his research focuses on developing machine learning and other advanced statistical methods for harnessing the African GIS and social Big Data for extracting actionable insights to help Africa meet the UN Sustainable Development Goals.

Dr. Aminta Garba (Niger) is interested in finding key policies, technologies and applications relevant to the development of ICT, particularly in rural and underserved areas. As well, she is interested in methods that allow increasing the data rate of communication systems by shaping and reducing the interference.

Dr. Mamadou Kaba (Guinea) research projects led to better understanding of the risks of transmission of hepatitis E virus (HEV) from animals to humans. He is currently conducting a prospective longitudinal study on how the composition of the respiratory tract and gastrointestinal microbial communities (microbiota) influences the development of respiratory diseases in African children.

Dr. Rym Kefi (Tunisia) is mainly involved in research on human genetic disorders, genetic diversity in North Africa and the impact of consanguinity on health. As well, she is strengthening research on ancient DNA and providing genetic profiling for paternity tests and human forensic identification at Institut Pasteur de Tunis.

Dr. Aku Kwamie’s (Ghana) research is in the area of health system governance, looking at how and where within health systems decisions get made, applying complexity theory to issues of management and leadership, accountability and organizational innovation.

Dr. Justus Masa (Uganda) leads several research projects in the field of electrocatalysis and energy conversion, focused on the development of advanced low-cost catalysts and electrode materials for electrochemical energy systems, including fuel cells, electrolyzers (power to gas energy conversion), rechargeable metal-air batteries and other modern battery systems.

Dr. Sanushka Naidoo (South Africa) is dedicated to plant defense in the forest species, with an emphasis on Eucalyptus. Her research is focusing on mechanisms that can confer broad-spectrum, long lasting resistance by dissecting gene families and responses to pests and pathogens.

Dr. Maha Nasr (Egypt) focuses on advanced technologies such as nanotechnology based drug carriers and composite delivery systems. She is currently investigating the possibility of creation of novel carriers for treatment of diseases, mainly cancer and Alzheimer’s.

Dr. Sidy Ndao’s (Senegal) research group has recently developed the world’s first high temperature thermal rectifier, a building block for future High Temperature Thermal Memory and Logic Devices, i.e., thermal computer. He is also the founder of the Pan-African Robotics Competition.

Dr. Peter Ngene (Nigeria) developed a strategy which is now widely used to make complex hydride nanocomposite materials for reversible hydrogen storage applications and solid-state electrolytes for rechargeable batteries. He has also developed inexpensive eye-readable hydrogen sensors for the diagnosis of lactose intolerance via hydrogen breath test.

Dr. Tolulope Olugboji (Nigeria) builds sophisticated computer models and designs novel remote sub-surface imaging techniques to improve the understanding of the architecture and composition of the solid Earth interior.

Dr. Hamidou Tembine’s (Mali) research investigates game theory and aims to contribute significantly to existing knowledge on the interactive decision-making problems with incomplete information, and in the presence of self-regarding, other-regarding, altruistic, spiteful, risk-sensitive, and irrational agents.

Launched in 2013, the Next Einstein Forum (NEF) is an initiative of the African Institute for Mathematical Sciences (AIMS) in partnership with the Robert Bosch Stiftung. The NEF is a platform that connects science, society and policy in Africa and the rest of the world – with the goal to leverage science for human development globally. The NEF believes that Africa’s contributions to the global scientific community are critical for global progress. At the centre of NEF efforts are Africa’s young people, the driving force for Africa’s scientific renaissance. The NEF is a unique youth-driven forum. At our headline biennial scientific events, 50% of participants are 42 or younger. Far from being an ordinary science forum, the NEF Global Gatherings position science at the centre of global development efforts. The next NEF Global Gathering will be held on 26-28 March 2018 in Kigali, Rwanda. In addition, through our Communities of Scientists, we showcase the contributions of Africa’s brilliant youth to Africa’s scientific emergence through its class of NEF Fellows, who are Africa’s top scientists and technologists under the age of 42, and NEF Ambassadors, who are the NEF’s 54 science and technology ambassadors on the ground.The NEF is also working together with partners such as the African Academy of Sciences, Ministers’ of Education, Science and Research across Africa, foundations and other global scientific and private sector companies, to build an African scientific identity. By bringing together key stakeholders, the NEF hopes to drive the discussion from policy to implementation by leveraging buy in and best practice results from Africa and the world. Have a look at our benchmark Dakar Declaration.

Dr. Kevin Dzobo (Zimbabwe)

Dr. Kevin Dzobo (Zimbabwe)

Finally, the NEF is telling untold stories of scientific research and innovation across the continent through our various platforms. We want to recalibrate what ‘innovation’ means in Africa. We want to make the link between science and technology, even basic sciences, to everyday life. We want the public involved in science and we have recently concluded the first coordinated Africa Science Week – an annual three to five day celebration of science and technology through coordinated science events across the continent. We believe the next Einstein will be African.

The NEF has been endorsed by the African Union Commission, the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Governments of Rwanda, Senegal and South Africa, the African Academy of Sciences (AAS) and a growing number of private sector and civil society partners from across the world who are passionate about positioning Africa’s scientific community as an influential member in the global scientific community, which will ensure sustainable human development in Africa and other parts of the world.

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