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Ethiopian Airlines celebrates delivery of first 787-9 Dreamliner
November 7, 2017 | 0 Comments

By Wallace Mawire

Ethiopian Airlines and Boeing [NYSE: BA] have taken delivery of the
carrier’s first Boeing 787-9. Ethiopian is leasing the Dreamliner
through an agreement with AerCap, according to Hanna Atnafu,
Manager, Corporate Communications, Ethiopian Airlines.
It is reported that Ethiopian is the first airline in Africa to
operate the 787-9.The Dreamliner carries much-needed medical equipment
and supplies to Ethiopia.

Ethiopian’s newest 787 touched down in Addis Ababa following a
non-stop 8,354 mile (13,444 km) delivery flight from Boeing’s Everett,
Washington, facility.

Ethiopian becomes the first carrier in Africa to operate the 787-9
and extends a tradition of setting aviation milestones.
Ethiopian became Africa’s first carrier to fly the 787-8 in 2012,
and similarly introduced the 777-200LR (Longer Range), 777-300ER
(Extended Range) and 777 Freighter.

“We are proud to celebrate yet another first with the introduction
of the cutting-edge 787-9 into our young and fast growing fleet,” said
Mr. Tewolde GebreMariam, Group CEO of Ethiopian Airlines. “Today, the
787 is the core of our fleet with 20 aircraft in service. Our
investment in the latest technology airplanes is part of our Vision
2025 strategy and our commitment to our esteemed customers to offer
complete on-board comfort. We will continue to invest in the most
advanced aircraft to give our customers the best possible travel
experience.”

The 787 Dreamliner is the most innovative and efficient airplane
family flying today. Since 2011, more than 600 Dreamliners have
entered commercial services, flying almost 200 million people on more
than 560 unique routes around the world, saving an estimated 19
billion pounds of fuel.

“AerCap is very proud to deliver to Ethiopian Airlines their first
787-9 aircraft, as the airline continues to lead the way in African
aviation,” said AerCap President and Chief Commercial Officer Philip
Scruggs. “The 787-9 will complement Ethiopian’s existing fleet of
787-8 aircraft, bringing further operational efficiencies and scope to
enhance their existing network. We thank our friends and partners at
Ethiopian Airlines for their continued confidence in AerCap and wish
them every success as they continue to optimize their fleet.”

“We are pleased to see the 787-9 enter into Ethiopian’s growing
Boeing fleet,” said Marty Bentrott, senior vice president sales for
Middle East, Turkey, Africa, Russia and Central Asia Boeing Commercial
Airplanes. “The 787-9 will further enhance the Ethiopian network with
its incredible range and capacity.”

Ethiopian Airlines conducted its 32nd Humanitarian Delivery Flight
as part of the 787-9 delivery. In conjunction with the non-profit
Seattle Alliance Outreach, Ethiopian transported goods donated by
medical organizations in the U.S. to Black Lion Hospital and St. Paul
Hospital in Ethiopia.

“We are very happy to continue our longstanding partnership with
Boeing to deliver medical equipment and supplies to public hospitals
in Ethiopia, which benefit the society at-large,” said GebreMariam.

“This is our 32nd humanitarian flight over the course of the last few
years. No airline has provided such sustained support to the delivery
of humanitarian supplies to the African continent. It is a testament
to our commitment to serve the community as a responsible corporate
organization.”

Ethiopian Airlines operates a Boeing fleet of 737, 767, 777, and 787
airplanes in passenger service and six 777 and two 757-200 airplanes
in cargo operations.

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Amnesty International Is This The End?
November 3, 2017 | 0 Comments
By Richards Murphy*
The world is confronting new realities as hitherto power bases succumb to the excessive clout they have built around themselves as communication becomes more democratized, liberalized and diversified. This unravelling extends beyond nations once considered superpowers or corporations deemed too big to fail to now encompass once assumed neutral non-governmental organization, Amnesty International that was imbued with the toga of neutrality but now proven to be partisan and compromised beyond imagination.
Amnesty International has had a good run in misleading the world. Its reports, as it likes to term them, have been pivotal in shaping a global conflict to the extent that they have been used by client colonial powers as justifications for forceful regime change in target countries, whose leaders often meet ends that rubbishes the human right façade of Amnesty International.  If the gruesome end of the likes of Muammar Quaddaffi and Saddam Hussein dismissed as justified, the industrial scale slaughter that have followed the Amnesty International midwifed instability remains a blot on the soul of the world to the extent that not much has been done to consign this outdated relic of human rights monitoring to the negative column in the reckoning of history.
Perhaps, similar to countries and businesses that refused to adapt fast enough to remain relevant in a rapidly changing world where information has become readily available, Amnesty International failed to upgrade its tricks and the strategy of manufacture of dissent – whereby it uses its reports, in conjunction with its franchises to incite citizens against constituted authorities while citing violation of their rights. Oftentimes there would not have been any rights violations prior but citizens that have been incited against their countries must be managed before they hurt or kill others and the very process of containing their insurgency creates a rich picking for Amnesty International to issue reports that often threat offenders as victims and the law enforcement agencies as aggressors.
Nigeria has been on the receiving end of such questionable strategy with Amnesty International issuing reports that have at different times shored up the morale of Boko Haram terrorists, ethnic separatists, militant arsonists and even kidnappers and robbers whose rights are placed not just above those of law enforcement agents but also above the safety and wellbeing of the innocent civilian population. The NGO’s campaign of attrition knowns no bound and for this it regularly procures the collusion of local international partners to demonize critical national institutions.
While the cup of its iniquities was already overflowing to a point that several other groups had declared it persona non-grata in Nigeria, it took Amnesty International’s misstep of peddling its ware before the Presidential Investigation Panel to Review Compliance of The Armed Forces with Human Rights Obligations and Rules of Engagement for its years of deceit to finally unravel. Its several previous reports in Nigeria have now been effectively exposed to have been sham – products of witnesses, interviews, pictures and video manipulation.
Perhaps, indifferent to the trail of credibility questions and doubts about its ethical integrity, marched a crop of its so-called experts to confound the panel at it had done in too many instances across the globe. The international organization was however in for a shocker for the entire duration of the hearing. A member of the Panel at a sitting in Port Harcourt, Professor Hauwal Ibrahim challenged Amnesty International to identity the mass grave it accused the Nigerian military of burying the remains of victims of the alleged human rights abuses it has so much touted. For an organization that has done plenty of abracadabra with geo-location, coordinates and pictures of alleged mass graves of victims that challenge has been met with a deafening silence and inaction.
Instead of showing the physical grave locations, which would have proven its allegations against the military, AI only tendered more of its photoshopped pictures and professionally edited videos. Its target was apparently to dazzle members of the panel with its rehashed accounts while pointing at the pictures and videos as its only evidence.
It took no efforts for those that testified on behalf of the military to pick holes in the methodology adopted by AI in reaching what has now been proven to be its serially jaundiced reports. They easily exposed the international NGO as an ongoing sham that is out to achieve aims other than it tends to make the world believe.
As opposed to the hogwash that AI had fed the world with, an organization like the Save Humanity Advocacy Centre (SHAC) was able to present the findings of its own work in Nigeria’s crisis areas before the panel in a constructive way that offers the way forward as opposed the antagonistic approach of its international counterpart. This glaring discrepancy in the both methodology and output possibly provoked Edward Omaga of SHAC to an extent where he demanded that Amnesty International be shown the way out of Nigeria.
Not even Omaga’s harsh demand places AI in a position to call him out since SHAC paraded experts that easily trounced its line-up. In SHAC’s team were a one-time Sudanese Ambassador to the United Nations – Ambassador Lumumba D’Aping, head of Preventive Diplomacy in Geneva – David Falt, a practicing human rights lawyer in the United States and United Kingdom – Mary Johnson, Professor Shuaibu Danfulani of the University of Abuja and Dr. Ifure Ataifure of the Centre for International Strategic Studies, Abuja. It is left to be seen how AI would again cast aspersions against these persons as it had done in the past against those who dared speak out against its serial misadventures in the country.
The kind of revelations that SHAC made about the state of affairs in Nigeria’s anti-terror effort, which was a stark contrast from the erroneous impression popularized by AI, should make Amnesty International temporarily close shop in Nigeria to review its processes, standards ethics and even personnel in Nigeria. It must, and urgently so, confront all it has done wrong in sinning against Nigeria since the country is proving to be its graveyard. Unfortunately, even this saving grace will not last forever as tales of its misdeed continually spread.
Like its client states that have recently becoming victims of their own scheming, already reaping storms from the wind they sowed, Amnesty International is beginning to face its own days of reckoning. It may not necessarily implode or explode in one fireball moment; its international media partners would see to it that the right propaganda spin retains some measure of defeated respectability for it considering how it has helped them created reports to justify their campaign of calumny against targets in the past. Like its client states the recent flop in Nigeria is the start of a descent into the abyss. Could this be the end for Amnesty International?
*Murphy, a security expert  contributed this piece from Ambu street, Calabar.The views are those of the author.
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SOUTH AFRICAN AIRWAYS AWARDED WITH TOP HONORS BY TRAVEL WEEKLY
November 1, 2017 | 0 Comments

Airline Receives Five Distinguished Magellan Awards

Fort Lauderdale, FL (October 31, 2017) – South African Airways (SAA), Africa’s most awarded airline, has been honored with five premier Magellan Awards from Travel Weekly, one of the leading travel trade publications in the U.S. The Magellan Awards commemorates the best in travel, honoring an array of
travel providers based on their design, creativity, and inspirational messaging in the development and execution of their advertising and marketing platforms. The awards distinguish a broad range of companies within the industry, including airlines and airports, cruise lines, destination tourism boards, tour operators and travel agencies.

For 2017, South African Airways has received recognition from a panel of travel industry professionals with the following Magellan Awards:

Gold: Airline Marketing – Promotional Video South African Airways Next Beginnings Video
Gold: Tour Operators – Marketing-Consumer Collateral 2017 South African Airways Vacations Product Brochure
Silver: Tour Operator Marketing 2017 South African Airways Vacations Product Brochure
Silver: Airline –Overall-International Carrier South Africa Airways Vacation South Africa Travel Planner
Silver: Tour Operator – Marketing-Trade Collateral 2017 South African Airways Vacations Product Brochure

“It is a great compliment to receive these awards and be recognized by travel industry experts on the
value of our marketing collateral that is developed to promote our products through travel trade and consumer channels,” said Todd Neuman, executive vice president of North America for South African Airways.

Todd Neuman, Executive Vice President of North America for South African Airways.

Todd Neuman, Executive Vice President of North America for South African Airways.

“This is the third year that South African Airways has been recognized by the Magellan Awards. This serves to reaffirm that our teams’ commitment in providing quality products and marketing material for our valued travel
partners for the promotion of travel to Africa is being recognized by travel professionals from around the world.”

“This year’s winners represent the most talented and creative people in not just the travel industry but of any industry,” said Arnie Weissmann, editor in chief of Travel Weekly.

“We congratulate South African Airways, as they continue to raise the bar, to inspire travel and enhance the travel experience. Their work leaves a lasting impression on our expert judges and readers.”

South African Airways offers the most daily flights from the U.S. to South Africa with daily nonstop service from New York-JFK Airport and daily nonstop service from Washington, DC-Dulles Airport to Accra, Ghana or Dakar, Senegal, with continuing service to Johannesburg. Via our Johannesburg hub, SAA links the world to over 75 destinations across the African continent and Africa’s
Indian Ocean islands. Onboard, SAA provides an in-flight experience designed for pure comfort for longhaul travel. Our customers enjoy a spacious Economy Class cabin, gourmet cuisine and a selection of complimentary spirits and award-winning South African wines and generous checked baggage allowance. Also included are individual audio / visual entertainment systems that deliver an extensive menu of first-run movies, music choices, and games.

South African Airways (SAA), South Africa’s national flag carrier and the continent’s most awarded airline, serves over 75 destinationsworldwide in  partnership with SA Express, Airlink and its low cost carrier Mango. In North America, SAA operates daily nonstop flights from New York-JFK and direct flights from Washington D.C.-IAD (via Accra, Ghana and Dakar, Senegal) to Johannesburg. SAA has partnerships with United Airlines, Air Canada and JetBlue Airways, American Airlines and Virgin America, which offer convenient
connections from more than 100 cities in the U.S. and Canada to SAA’s flights. SAA is a Star Alliance member and the recipient of the Skytrax 4-Star rating for 15 consecutive years.

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IGD Frontier 100 Forum: African and Global Business Leaders, Investors Gather to Boost U.S. Investment In Africa
November 1, 2017 | 0 Comments
  • Global business leaders offer bold strategies to bolster private sector investment opportunities to scale African companies and growth sectors.
  • Fireside Chat with top U.S. government officials and congressional staffers laid out plans for greater private sector engagement in U.S.-Africa trade and economic policy
  • Forum hosted the Africa investor (Ai) Development Finance-Institutional Investor Roundtable

 WASHINGTON D.C. – October 31, 2017 – Top African and global business leaders and investors gathered for the Initiative for Global Development’s Fall Frontier 100 Forum in Washington on October 11-12, to build momentum and catalyze action on increasing greater U.S. investment in Africa and deepening business relations between U.S. and African companies.

The Fall Forum was held at the Ronald Reagan Building and Covington law office in Washington, DC.

The invitation-only forum convened for two days on the theme “Growing the ‘Middle’: Investing in African Companies for the Continent’s Economic Transformation”, where leading CEOs and senior executives from companies operating on the African continent, investors, and African and U.S. policymakers offered bold solutions to bolster investment opportunities to scale African companies and growth sectors.

Investment in the Sub-Saharan African region continues to lag behind other regions of the world, despite the growth and maturation of Africa’s private sector. The forum sessions sought to put forth solutions and specific targets to bolster investment in the region to fuel rapid job creation and the continent’s economic transformation.

“African companies are the engines of growth in Africa. Our Forums go beyond the typical networking and business discussions. As business leaders, we are all about action and solutions. We know how to solve problems in innovative and collaborative ways to accelerate investment and growth on the continent,” said Dr. Mima S. Nedelcovych, IGD President & CEO.

An interactive tri-sector collaboration session led by a team from PYXERA Global generated lively discussions among forum participants on how to create effective cross cutting partnerships between the public, private and social sector through simulation games and role-playing activities.

An investor dialogue captured the perspectives of an investor, Hurley Doddy, Managing Director and Founding Partner, and Co-CEO of Emerging Capital Partners (ECP) and an investee, Bunmi Akinyemiju, Managing Director and Chief Executive Officer of Venture Garden Group, on the opportunities and challenges of finding the right investment partner.

Akinyemiju said a company’s success to scale depends largely on its founders, diversity of skills and the need for both local and diaspora talent. Yet from an investor perspective, Doddy emphasized that to attract investors, a company must structure itself to surpass the founder for the long term. In the end, Akinyemiju whose company has received more than $20 million in investment, noted that finding the right investor is “like a marriage” and the investor and investee must possess aligning interests.

A full-day of forum sessions featured engaging panel sessions on attracting private equity investments, financing Africa’s agro-processing industry, and exploring franchise investment opportunities.

The Fall Forum hosted Africa Investor’s Development Finance-Institutional Investor Roundtable, moderated by Ai CEO Hubert Danso,  with key leaders from the development finance industry with counterparts from the institutional investment community to generate new partnership strategies and vehicles available to de-risk and finance African infrastructure investment assets.

Burkina Faso’s Finance Minister Rosine Sori Coulibaly, in her luncheon remarks drew attention to investment opportunities in the West African country: “Burkina Faso is back and ready for business,” said the Honorable Sori Coulibaly.

Creating an enabling policy environment for investment and engagement with the U.S. and African private sector took center stage on the forum’s opening day.

Top U.S. government officials laid out their agency’s priorities to strengthen engagement with the private sector for sustainable development and inclusive growth in Africa during a Fireside Chat at the Ronald Reagan Building.

Mark Green, Administrator of the U.S. Agency for International Development and former IGD President & CEO, pointed out that the goal of foreign assistance must be to end the need for its existence. “The only sustainable way of reaching that goal is by tapping into private enterprise, turning to all of you to help tackle the challenges, and the opportunities that we all see,” Administrator Green told private sector leaders.

Jonathan Nash, acting Chief Executive Officer of the Millennium Challenge Corporation (MCC) spoke about MCC’s mission to reduce poverty through private sector growth and outlined the agency’s achievements in Africa in creating strategic partnerships, building new market opportunities and encouraging American firms to invest in African businesses.

Presenting his remarks immediately after a Capitol Hill hearing on the U.S. Foreign Operations budget, Ambassador Donald Yamamoto, acting Assistant Secretary, Bureau of African Affairs for the U.S. Department of State, spoke about proposed budget cuts to U.S. foreign assistance and underscored the importance of having more American businesses invest in Africa to propel growth.

A policy roundtable on shaping U.S.-Africa trade and economic policy highlighted an urgent need for the U.S. to foster stronger business partnerships for African companies to take full advantage of the Africa Growth and Opportunity Act (AGOA), the signature U.S.-Africa trade law.

Both Republican and Democratic Hill staffers on panel agreed that bipartisanship is key in increasing the budget for Foreign Operations and moving U.S.-Africa related legislation forward.

An evening reception, sponsored by the African Development Bank, paid tribute to Babacar Ndiaye, former President of the Bank, who recently passed away in Dakar, Senegal. Charles Boamah, Senior Vice-President of the African Development Bank, shared progress on the “High 5s”, the Bank’s agenda for Africa’s economic transformation.

The Fall Forum closed 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 dynamic multimedia communications and advocacy effort aimed at changing the narrative on doing business in Africa.

The African Development Bank and African Export-Import Bank served as Collaborating Partners. Forum sponsors included Covington as Platinum Sponsor; Ex-Im Global PartnersAllAfrica.com and Accenture as Gold Sponsor; Clin d’Oeil Magazine as Silver Sponsor; and Africa investor as Organizational Partner.

Media Partners included Africa InvestorAfrica.comAfrica Trade magazineAfrican Business CentralAfroPop WorldwideAsoko InsightCenter Africa TVFace2Face AfricaQuartz AfricaPan-African Visions, and VoxAfrica.

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Infrastructure investment is breaking ground for new development and growth trajectories in Africa
November 1, 2017 | 0 Comments

By Tshepo Mahloele*

Tshepo Mahloele is the CEO of Harith General Partners with assets under management north of US$1.8bn. Harith celebrates 10 years this year.

Tshepo Mahloele is the CEO of Harith General Partners with assets under management north of US$1.8bn. Harith celebrates 10 years this year.

Historically, strategic infrastructure investments have altered the trajectory of a country’s economic and social development. From America’s Hoover Dam to Dubai’s international airport, infrastructure can transform people’s path to prosperity and propel entire nations to the global stage. I firmly believe we can achieve the same for Africa. It only takes leadership.

Whether it is connecting people to new opportunities through broadband, providing improved electricity access using renewable energy, or reducing geographic divides with world-class airports, investments in 21st century infrastructure has the potential to transform prospects and growth across the continent.

The disruptive power of infrastructure goes a long way. In 1935, U.S. President Franklin D. Roosevelt’s government invested US$49million in the Hoover Dam (roughly US$840million today) and it took 5000 workers five years to complete. Today, it provides water for 25 million people and hundreds of thousands of hectares of agricultural land, and provides electricity to roughly eight million people.

Major cities like Los Angeles, Las Vegas, San Diego, and Phoenix would never have grown as prosperous or strategically important without the Hoover Dam. And, California definitely would not have become the 7th largest economy in the world without it.

As Harith General Partners, together with our partners across the continent, we have made strides over the past 10 years in building a modern and well-developed Africa we can proudly bequeath to future generations.

Our investments are targeted at strategic sectors that are aimed at propelling African economies into higher growth trajectories. Our investment in Main One Cable is one such investment. It’s aimed at fuelling the rapid growth of broadband and internet access and had a particularly profound impact on West African countries. The 7000-kilometer submarine cable has connected Nigeria, Ghana, and other countries to the rest of the world and served as a catalyst for broadband and connectivity.

Main One has helped to reduce the prices for international connectivity services by 80 percent in Nigeria and Ghana. The social impacts of this are immense, with thousands of jobs being created and injecting a necessary boost to the ICT sector in these countries, with positive impacts on economic growth.

The sheer scale of the opportunity for investment and related challenges in Africa will require a collaborative effort between private investors, governments and development finance institutions.

Collectively, these partners will need to invest nearly US$100 billion annually over the next decade to fully reap the benefits available in the power, transportation, telecommunications, water and sanitation, and irrigation sectors.

Central government investments continue to ground much of the continent’s infrastructure development, contributing roughly $30billion needed each year for the maintenance of existing infrastructure.

However, public spending levels overall remain far too low to meet the region’s rapidly growing infrastructure needs. Given this, the private sector will continue to serve as a major player in filling the funding gap and reaching spending targets.

Importantly, while the need for investment is large, the potential return is also very attractive on a risk-adjusted basis. Compared to other developing regions, the growth potential in Sub-Saharan Africa is even greater. Approximately 40 percent of the region’s population lives in landlocked countries, and many economies are largely isolated from global market centres. Investments that help these less connected economies overcome geographic disadvantages, lower transportation costs and engage in trade, will open up a new opportunities for millions of people living across the continent.

Bridging the quantity and quality gaps in infrastructure could increase GDP per capita growth by 1.7 percent points each year, excluding South Africa. For lower-income countries in the region, the power sector offers the largest potential gains, while lower-middle-income countries could see particularly large gains from transportation sector investments.

With the assistance of our anchor investments such as the Government Employees Pension Fund and support from the African Development Bank 10 years ago, Harith was able to take risks and pursue a pan-African vision of infrastructure investments.

At the heart of my decision to pursue a pan African infrastructure investment vision was inspiration from former President Thabo Mbeki’s African Renaissance vision, which reignited Ghanaian President, Dr. Nkwame Nkrumah’s One Africa vision in the 1950s. Nkrumah recognised that Africa’s infrastructure is, to a large extent, a legacy of arbitrary borders and transport networks designed to feed former colonial powers.

Hence it takes up to 28 days for a rail shipment from Durban to reach Malawi. It is easier and cheaper to ship goods from Lubumbashi in the Democratic Republic of Congo to Durban than through the DRC port of Matadi. The continent is littered with such examples.

The most expensive infrastructure is the infrastructure you don’t have. It is impossible to calculate what growth is lost due to the absence of good quality road or rail networks.

While the US leap-frogged from a primitive agricultural economy to the world’s industrial behemoth in 200 years, Africa’s trajectory is likely to be even more surprising given the advantages of telecommunications and steady advances in education.

With political stability and good governance gradually taking root in many African states, the environment is ripe for both continent-wide and global capital to flow into our shores and, turn Africa into a permanent construction site for mega infrastructure projects to propel the continent into a higher economic growth trajectory.

*Tshepo Mahloele is the CEO of Harith General Partners with assets under management north of US$1.8bn. Harith celebrates 10 years this year.

 

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African cities must adopt holistic approach to tourism growth – Mastercard Global Destinations Index
November 1, 2017 | 0 Comments

 Tourism is a catalyst for economic growth in Africa – a key theme during the UN World Cities Day celebrated today around the world. The sector is especially important now when governments are seeking out ways to drive diversification as part of their growth strategies. African cities need to find efficient ways to develop into smart cities capable to not only attract visitors, but also to offer unique experiences and overcoming growing infrastructure demands.

The Mastercard Global Destinations Cities Index (GDCI) provides insight into the motivations and travel spend of visitors – a prime driver for development in the sector. The Index ranks 132 global destination cities in terms of visitor spend, and provides insight on the fastest growing destination cities, and a deeper understanding of why people travel and how they spend around the world.

There were thirteen African cities ranked in the Index, indicating a great opportunity for tourism authorities to work together to better position the continents full and diverse offering. Cities ranked included: Johannesburg, Cape Town, Lagos, Casablanca, Cairo, Durban, Accra, Dakar, Entebbe, Tunis, Nairobi, Maputo and Beira.

Learning from the world’s top destination cities

Bangkok, a city that remained the top-ranked destination city by international overnight visitor arrivals with 19.4 million visitors in 2016 alone, provides a good case study on what cities in African can adopt. Additionally London, with 19.06 million visitors, can be used as blueprints for future planning given their strong focus on mobility.

Across the top 20 destination cities, the majority of travel is conducted for leisure purposes. The Index indicates expenditure categories that illustrate how people are spending when they visit these top performers. Key contributors to spend include: dining, shopping, lodging and transport.

These top 20 cities provide a full experience, with many boasting strong infrastructure helping to enhance visitor’s opinion of the city and thus their willingness to spend.

GDCI indicates that more people than ever are visiting cities for business or leisure travel, and that at the same time, the research indicates that people expect their experience when traveling to be both seamless and personal.

African cities must do more to connect people with all that the continent has to offer – but it is critical that cities identify on their uniqueness and overall appeal to visitors. Cities that know what they are about, and what they want to represent, attract more visitors and thus more spend. The continent has the widest range of sights and sounds, with natural beauty, warm people and a uniqueness not often found around the world – this is very appealing to international visitors.

As the top destination city, Dubai sees over 14 million international overnight visitors, which is significantly higher than other cities in Africa. It’s no coincidence that Dubai ranks number one as having the highest percentage of visitor expenditure of GDP (30.3%), given its global positioning as a hot shopping destination. It has carved out a unique proposition and the city thrives on this positioning.

The benefits are obvious, more than half of the top 20 destinations reported an increase in spend consistent with or greater than GDP growth. This reinforces the important role that travel plays in a country’s economy and indicates that the sector is growing much more rapidly than the combined average of all economic areas.

What can African cities do today to build for tomorrow?

  • Infrastructure and public transport is key: For highly attractive destination cities, like Bangkok, London and Paris that top the list, ease of travel is a big factor in drawing visitors.  This is why Mastercard is working with governments and cities across Africa to simplify access to urban services like public transport, helping to enable users to pay for their train or bus simply by tapping their card or swiping their phone.
  • Look deeper at the purpose of travel and spend: It’s safe to say that Africa is no longer just a safari destination, and the reason for travel to Africa varies largely by what a city has to offer. Using data to understand what appeals to travellers will give cities an upper hand to mine the popularity of that destination, and then further enhance the offering. Data is a smart way for tourism authorities to effectively and efficiently gather important insights. Mastercard’s Tourism Insight Platform provides data on spend as well as insights from search engines – proving that data is the tourism industries greatest asset and must be taken seriously.
  • Build stronger cross sector partnerships: Expertise within the public sector must be harnessed, it is here where innovation is shaping African cities and helping to digitise economies. Tourism is a diverse offering, and governments are more willing than ever before to collaborate to realise the full potential of the sector. As indicated in the GDCI, cities must differentiate, provide unique experiences and ensure are capable of hosting people from around the world. This is achievable only via cross sector collaboration, and a willingness to adapt.

 

The Mastercard Index of Global Destination Cities ranks cities in terms of the number of their total international overnight visitor arrivals and the cross-border spending by these same visitors in the destination cities in 2016, and gives visitor and passenger growth forecasts for 2017. Public data is used in deriving the international overnight visitor arrivals and their cross-border spending in each of the 132 destination cities. This Index and the accompanying reports are not based on Mastercard volumes or transactional data.

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ICT Offers Africa The Best Opportunity To Bridge The Development Gap-Prof Victor Mbarika
November 1, 2017 | 0 Comments

By Ajong Mbapndah L

With ICTs Africa can bridge the development gap with the rest of the world says Prof Victor Mbarika

With ICTs Africa can bridge the development gap with the rest of the world says Prof Victor Mbarika

Information and Communication Technology (ICT’s) represent the best hope for Africa to bridge the development gap with the rest of the world, says Prof Victor Mbarika Founder and Board Chair of the ICT University. With campuses in Cameroon and Uganda, under the leadership of Prof Mbarika, Nigeria is on course as the third African country to host the University.

Based in the USA, the ICT University Foundation funds and designs quality education to people who do not have to leave Africa. The Foundation establishes Campuses across the world that have similar standards and curricula like those in the USA. With over 20,000 students served annually, from basic certificate programs to Ph.D. programs, offered onsite and online,the ICT -U has emerged as a formidable hub for education that meets 2st century development challenges.

With President Hage Geingob of Namibia. Prof Mbarika regularly travels across Africa to harp on the merits of investing in ICT as a driver of development

With President Hage Geingob of Namibia. Prof Mbarika regularly travels across Africa to harp on the merits of investing in ICT as a driver of development

The intent is to have a University in each sub region of the continent, and with a campus in Central Africa, East Africa ,and West Africa coming up, the goal is very feasible says Prof Mbarika. With affordable fees, Africans are able to receive education that matches U.S standards and the results have been phenomenal says Prof Mbarika who frequently travels across Africa to harp on the merits of ICTs.

On the affordability of the programs, Prof Mbarika says tuition is kept very low to give opportunities to more Africans. While the fees may still be high for some people, it pales in comparison to what is paid to receive the same education in the USA. In addition, the University Management goes  the extra mile to source and provide scholarships an grants to deserving students from poor backgrounds ,Mbarika said.

Prof Mbarika in discussion with former Nigerian President Goodluck Jonathan,the goal is to have one ICT University in each sub region of Africa ,Mbarika says

Prof Mbarika in discussion with former Nigerian President Goodluck Jonathan,the goal is to have one ICT University in each sub region of Africa ,Mbarika says

Support from governments in countries where the Universities are located has been laudable ,Prof Mbarika said. In Cameroon, Prof Mbarika said the registration process was seamless with no bribes requested from him and the university is in the process of starting additional programs in agriculture and medicine. In Uganda, the government has equally been very supportive , Prof Mbarika went on. In Nigeria, where he has had the opportunity of meeting past leaders like General Gowon, Presidents Obasanjo, Jonathan as well as Officials of the current Buhari Administration, the response has been most encouraging ,said Mbarika.

Beyond the countries that host ICT universities in Africa today, many African governments have seen the importance of ICT ,and Prof Mbarika believes that this augurs well for development prospects. In Namibia, Prof Mbarika said he was impressed with the efforts of government to promote ICT. African governments are taking note of the importance of ICT’s and this could be a game changer for the continent, he said.

ICT University 4th Graduation Ceremony, Uganda Campus on May 26,2017.More than 100 students graduated from the ICT University.ICT University alumni are serving in diverse sectors across Africa ,Prof Mbarika says.

ICT University 4th Graduation Ceremony, Uganda Campus on May 26,2017.More than 100 students graduated from the ICT University.ICT University alumni are serving in diverse sectors across Africa ,Prof Mbarika says.

On projects that the University is working on, Prof Mbarika said there were plans to work on the promotion of agriculture using ICT tools. The University is also fanalizing  plans  to start  a Teaching Hopital in Cameroon with strong emphasis on  tele medicine where a professional can be in the USA and be able to treat a patient in a remote part of Cameroon,Prof Mbarika said.

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Heineken® unveils its first Africa inspired fashion collection co-created with talented African designers at Lagos Fashion and Design week
October 31, 2017 | 0 Comments
The initiative is the next chapter in Heineken’s ‘Open Design Explorations’, a global co- creation programme that connects emerging creatives and gives them a platform to showcase their talent
Heineken has a long history of innovation and creativity, and is always eager to learn and absorb fresh inspiration from all 192 countries where it’s present.

Heineken has a long history of innovation and creativity, and is always eager to learn and absorb fresh inspiration from all 192 countries where it’s present.

LAGOS, Nigeria, October 30, 2017/ — In collaboration with Africa’s hottest emerging design talent, Lulu Mutuli and Azra Walji, global beer brand, Heineken® (www.TheHeinekenCompany.com) has launched its first-ever African fashion collection, unveiled on the catwalk of the closing show at Lagos Fashion and Design Week on Saturday 28 October 2017.

The initiative is the next chapter in Heineken’s ‘Open Design Explorations’, a global co- creation programme that connects emerging creatives and gives them a platform to showcase their talent. The Heineken® Africa Inspired Collection is a fusion of the two designers’ concepts and is the first of many design apprenticeships that the brand will roll out across the world, going next to Asia.

After spending a week in Amsterdam developing their designs at top Dutch Fashion House, LEW (www.LeemansenWicker.nl), Mutulo and Walji will go on to benefit from a year-long programme of coaching from the designers, known for eye-catching print design and innovative corporate fashion. The designs will be produced at scale across Africa to be worn by Heineken ambassadors throughout Nigeria, East Africa and beyond.

One of the first global brands to invest in Lagos Fashion and Design Week, Heineken has been a headline sponsor for the past two years as it emerges as one the most important events in the fashion calendar for supporting new talent and inspiring Nigerian and African consumers.

Lulu Mutuli, 24, whose work gives traditional African apparel a futuristic edge, has worked in top fashion houses in New York including RHIE and OMONDI. She said, “My designs took inspiration from the role African fashion has played in the culture of my country. Combining this rich heritage with the progressive character of the Heineken brand was a challenge I couldn’t resist. I used the bold Heineken colour palette, but I added a grey tone and used technical orientated patterns for a modern twist. The asymmetric shapes you can see were a way of incorporating practical elements whilst creating striking and stylish silhouettes.”

Azra Walji, 27, is known for her feminine shapes and African inspired elegance, reflected in her winning designs with Heineken. She said, “I am so grateful to Heineken. Sharing my work at Lagos Fashion at Design Week is a career-defining opportunity. I really enjoyed playing with the bold red and green colours – they are so iconic to the brand but also synonymous with the vibrancy of Africa. My designs are inspired by traditional African apparel but with a twist – I love the modern femininity of the trousers and short dresses.”

Mark van Iterson, Director Global Heineken® Design said, “Identifying and empowering talent remains a critical part of our global agenda. We are constantly seeking new co- creation opportunities, to connect with young emerging designers and give them a global stage to showcase their talent, so we are delighted that this initiative has put a spotlight on such talent. Nigeria is a growing hub for creativity and commerce and Lagos Fashion and Design Week is helping to influence and define the global fashion landscape. Heineken® in Nigeria was one of the first global brands to invest in this vibrant event, seeing the opportunity to support new industry talent with real experience and a global stage. We look forward to extending the programme to other key markets next year.”

The new Heineken® African Inspired Collection with Mutuli and Walji launched in style at Heineken Lagos Fashion and Design Week, with items from the collection displayed in style on the runway. After the reveal, award-winning music star, Tiwa Savage, of Jay-Z’s label Roc Nation, took to the stage to perform international hits including ‘African Waist’ and ‘All Over’ live for a star-studded line up of guests as award-wining flair bartender Tom Dyer served cocktails during the event.

Lagos Fashion and Design Week 2017 is a multiday fashion extravaganza at the Eko Atlantic, Victoria Island, Lagos, Nigeria, where global designers including Maki Oh (whose fans include Michelle Obama and Beyoncé) take centre stage to celebrate African fashion and culture. The judges for Heineken’s Africa Inspired Fashion challenge in Nairobi which brought Mutuli and Walji to Lagos, included fashion powerhouse and founder of the Lagos Fashion and Design Week Omoyemi Akerele, top Nigerian fashion designer Gloria Wavunno and Tanzanian stylist Rio Paul.

Heineken has a long history of innovation and creativity, and is always eager to learn and absorb fresh inspiration from all 192 countries where it’s present. Designing together with upcoming talents from different backgrounds, is a concept that has been successful for Heineken in fueling new initiatives, and provides the creative talents a unique global platform. It’s clearly one of the proof points of the Heineken mindset to ‘open your world’.

Heineken sought to open the world of fashion to upcoming East African talented designers through an exciting ‘’open innovation’’ challenge that invites designers from Kenya, Uganda and Tanzania to become part of a creative journey to collaborate on a unique Heineken® fashion collection, truly Africa inspired.

The “Africa Inspired Fashion Challenge” is Heineken’s first design initiative in the region extending the brand’s commitment to design and innovation by enriching the consumer experience in bars and at events while celebrating the richness of the East African design culture.

The project seeks to generate a rich textile print and fashion forward range for the Heineken® Collection; a process that will see Heineken co-creating with emerging creative talents and the brand’s partner design studio in Amsterdam. 10 shortlisted finalists benefited from 3 days textile and design workshop in Nairobi – from the 5th to the 7th September – led by the Global Heineken design director Mark van Iterson and his design team, in close collaboration with Amsterdam based fashion design house, LEW.

The judging and organizing panel constituted influential fashion industry players names; Omoyemi Akerele, founder of Lagos Fashion and Design Week (Nigeria), International model Ajuma Nasenyana (Kenya), Stylist and key fashion player Rio Paul (Tanzania), Award winning designer and founder of Kampala Fashion Week, Gloria Wavamunno (Uganda), International model Tarmar Wobotu (Nigeria) and Model and stylist Ochechi Adah (Nigeria).

Heineken (www.TheHeinekenCompany.com) is the world’s most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a powerful portfolio of more than 250 international, regional, local and speciality beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through “Brewing a Better World”, sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ over 80,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam.

Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN’s website: www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp.

About LEW:
Kim Leemans and Merel Wicker both graduated from the fashion department of the Gerrit Rietveld Academy in Amsterdam in 2001. It was during their study that they discovered the strength of cooperation and have been partners ever since. Working as freelance fashion designers they decided in 2007 it was time to start their own label: LEW by Leemans & Wicker (www.LeemansenWicker.nl).
LEW is a multidisciplinary studio and works for local and global clients. Over the years the studio specialized itself in designing and creating concepts for corporate fashion. ‘The way LEW balances branding and fashion creates a new approach to corporate clothing: not stiff and predictable, but lively, progressive and open minded.’

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Oil gives short-term life to African economies, IMF says
October 31, 2017 | 0 Comments
Nigerian oil production is supporting broad-based momentum, though the IMF noted crude oil prices are still lower by historical standards.
Oil production gains fuel economic momentum for sub-Saharan Africa, though the potential is limited, the IMF said. File photo by vanhurck/Shutterstock

Oil production gains fuel economic momentum for sub-Saharan Africa, though the potential is limited, the IMF said. File photo by vanhurck/Shutterstock

Oct. 30 (UPI) — The economies of sub-Saharan Africa get some support from oil production in Nigeria and elsewhere, though it flattens out by 2019, the IMF said Monday.

The International Monetary Fund said in a regional report that the downturn for the economy is easing, with growth expected to improve from last year’s 1.4 percent rate to 2.6 percent.

“Growth is expected to reach 2.6 percent in 2017, but the pickup reflects one-off factors, notably a recovery in oil production in Nigeria and the easing of drought conditions in eastern and southern Africa,” the report read.

Nigerian crude oil production averaged 1.85 million barrels per day in September, according to economists with OPEC. That’s up 7.4 percent from July. The national economy came out of recession during the second quarter, after five straight months of contraction, but militancy has been a problem for Nigeria.

The IMF said that growth is supporting regional momentum, though that momentum is lopsided. About a third of the economies in the region are expecting growth at around 5 percent, though a dozen or so others could see their per capita income decline, the IMF said.

While crude oil prices last week reached fresh yearly highs, the IMF said most commodity price levels have stabilized at what it said were relatively low levels, “with oil and iron ore prices less than half their 2013 highs.”

Elsewhere, work is underway to bring the SNE oil basin offshore Senegal into service. When discovered in 2014, the basin was counted among the largest in the world. By the estimates of the companies involved, Senegal could hold more than 1.5 billion barrels of oil off its coast

Nearby Gambia also holds promising prospects, though regional spats over maritime borders and licensing issues with operating companies cloud the prospects.

The IMF said growth continues, supported even by lesser producers, though the momentum will be short lived.

“Growth is expected to continue to recover in 2018 to 3.4 percent, but will likely remain flat in 2019, and well below the levels achieved earlier in the decade,” the report read.

*Source UPI

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U.S. envoy Haley’s blunt diplomacy targets South Sudan, Congo
October 31, 2017 | 0 Comments

By Michelle Nichols*

U.S. Ambassador to the United Nations Nikki Haley meets South Sudan's President Salva Kiir and First Vice President Taban Deng Gai in Juba U.S. Ambassador to the United Nations Nikki Haley meets South Sudan's President Salva Kiir and First Vice President Taban Deng Gai in Juba, South Sudan October 25, 2017. REUTERS/Jok Solomun

U.S. Ambassador to the United Nations Nikki Haley meets South Sudan’s President Salva Kiir and First Vice President Taban Deng Gai in Juba
U.S. Ambassador to the United Nations Nikki Haley meets South Sudan’s President Salva Kiir and First Vice President Taban Deng Gai in Juba, South Sudan October 25, 2017. REUTERS/Jok Solomun

JUBA, South Sudan/KITCHANGA, Democratic Republic of Congo (Reuters) – In a mountainous camp for displaced Congolese, U.S. Ambassador to the United Nations Nikki Haley wrapped her arm around an inconsolable woman who recounted being raped twice.

“It only makes me more passionate, it makes me more determined,” Haley told a small group of reporters traveling with her during her first trip to Africa. “I’ll carry the voices of the women that I met and things that they said.”

Dispatched by President Donald Trump to Ethiopia, South Sudan and Democratic Republic of Congo, Haley’s trip was one of the first tangible signs of interest in Africa by the nine-month old administration.

Her challenge: how to show the United States is actively engaged in Africa, where humanitarian and political crises are often overshadowed by more urgent conflicts elsewhere and at the same time honor Trump’s avowed “America First” policy which puts U.S. economic and national interests ahead of international commitments.

As Africa struggles to win Trump’s interest, U.S. policy is more likely to be increasingly focused on countering militant threats. Washington also has a financial interest at stake as it tries to cut U.N. peacekeeping costs, for which it pays more than a quarter.

Trump has made a point of saying he would not impose U.S. values on others, raising concerns among activists that human rights issues could take a backseat.

Nowhere is that more in focus than in Niger where a deadly ambush killed four U.S. troops who were there to assist local Nigerian forces fighting a local Islamic State affiliate this month. At the same time, Washington has mostly turned a blind eye to the increasingly authoritarian moves of Niger’s former opposition leader, now president Mahamadou Issoufou, as it tries to stop the militant threat from expanding.

U.S. Ambassador to the United Nations Nikki Haley (R), meets Democratic Republic Congo's national independent electoral commission's president, Corneille Nangaa Yobeluo, at the commission's headquarters in Kinshasa, DRC, Oct. 27, 2017.

U.S. Ambassador to the United Nations Nikki Haley (R), meets Democratic Republic Congo’s national independent electoral commission’s president, Corneille Nangaa Yobeluo, at the commission’s headquarters in Kinshasa, DRC, Oct. 27, 2017.

Haley, a former governor of the U.S. state of South Carolina, was the most senior member of Trump’s administration to travel to the three sub-Saharan states in a trip that showed how she balances her political skills with her nascent foreign policy and diplomacy experience.

She was moved to tears after visiting displaced Congolese in Kitchanga in the conflict-ravaged east of the country. In Ethiopia’s Gambella region, she kicked off her shoes and sat down on the floor to play with South Sudanese toddlers.

“Those kids will be 18 one day,” Haley told a small group of reporters during her trip. “They will be an uneducated adult with no social skills that will have resented the fact that they were put in that situation and that’s dangerous for the United States and that’s dangerous for the world.”

‘BLUNTNESS IS IMPORTANT’

With U.S. Secretary of State Rex Tillerson shying away from the spotlight, Haley has carved out a high-profile role for herself. Amid speculation about Tillerson’s future Haley said that if she was offered the job: “I would say no.”

Known for taking a blunt approach that has raised eyebrows among diplomats at the United Nations, Haley took her direct style to lengthy one-on-one conversations with the South Sudanese and Congolese leaders.

“I think bluntness is important, but I also expected it back and I got candid conversations back from them,” she said. “That was very much appreciated because we didn’t want to have to sit there and deal with the political talk, we wanted to get to the realities of the situation.”

It’s not clear yet if South Sudanese and Congolese leaders will heed her message.

In Kinshasa she spoke privately with President Joseph Kabila for 90 minutes. She had said Kinshasa must hold a long-delayed election to replace Kabila by the end of next year or the vote will lose international support.

But the Congolese opposition was critical of her statement there because it conceded there would be no election this year, in violation of a deal Kabila’s camp signed with the opposition last December, without extracting any concessions in return.

“Calling for Kabila to stay in power beyond Dec. 31, 2017 is the equivalent, pure and simple, of making oneself complicit with the evil genius!” opposition leader Olivier Kamitatu wrote on Twitter above a photo of Haley from her visit.

In Juba, Haley met with President Salva Kiir for 45 minutes, showing him photos of refugees from her visit to Gambella.

South Sudan spiraled into a civil war in 2013, just two years after gaining independence from Sudan, sparked by a feud between Kiir, an ethnic Dinka, and his former deputy Riek Machar, a Nuer.

The U.S. invested heavily in the process that led to South Sudan’s independence. The Trump administration has been far less engaged, let alone influential, in trying to end the war that erupted.

Haley plans to meet with Trump, Vice President Mike Pence and National Security Adviser H.R. McMaster this week to discuss her trip.

“I’ll give options and then if asked I’ll give the recommendation,” Haley said. “(Trump) very much wants to know how everybody else feels, he very much takes all that into consideration and then he makes his decision.”

*Source Reuters  (Reporting by Michelle Nichols; Additional reporting by Aaron Ross; Editing by Yara Bayoumy and Sandra Maler)

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Young Emerging Entrepreneurs Share Anzisha Prize, Africa’s Premier Award for Young Entrepreneurs
October 27, 2017 | 0 Comments

22 year old, Ibrahima Ben Aziz Konate from Cote D’Ivoire takes Anzisha Grand Prize.

Ibrahima Ben Aziz Konate, the grand prize winner accepting his award.

Ibrahima Ben Aziz Konate, the grand prize winner accepting his award.

JOHANNESBURG, South Africa, October 25, 2017,-/African Media Agency (AMA)/- African Leadership Academy and Mastercard Foundation are pleased to announce that 22 year old, Ibrahima Ben Aziz Konate from Cote D’Ivoire has been awarded the top prize at the seventh annual Anzisha Prize awards gala. Ibrahima Ben Aziz is the founder of Poultry D’Or, a poultry business that often has over 500 sales a day and employs 15 people. Ibrahima was selected from a competitive pool of diverse entrepreneurs from 14 African countries. For the first time ever, Anzisha Prize is thrilled to award the grand prize to an applicant from Cote D’Ivoire. This will truly expand the reach and impact of the Anzisha program across various countries.

“It is hard to believe that I was chosen as the winner of the prize. It has been a dream of mine to join the Anzisha Prize network since I first heard about it. The $25 000 is the difference that I need to scale my business and show the young people in my community that entrepreneurship is possible, even at a very young age,” says Ibrahima.

Each prize winner has founded a business that responds directly to a social or economic need within their community. The two runner-ups were Edgar Edmund, 17, from Tanzania and Victoria Olimatunde, 15, from Nigeria. Edgar Edmund’s business Green Venture Tanzania has created a method of turning recycled plastic materials found on the streets into durable construction blocks. His long-term vision impressed the Pan-African panel of judges and his business model showed potential for making a significant and long-term impact. While Victoria, the founder of Bizkidz, a board game that teaches students financial literacy was chosen from 219 applications from her home country. In her presentation to the judges she demonstrated great leadership potential and a commitment to job creation.

The winner of the Agriculture Sector Prize sponsored by the Louis Dreyfus Foundation was Ignatius Ahumuza from Uganda, founder of Art Planet Academy. Ignatius is already a role model proving that the agricultural sector can provide sustainable and fulfilling livelihoods for young people across Africa. Art Planet Academy’s purpose is to expand agricultural education across rural communities to increase farming skills and food security. This is an example of how a driven, industrious and energetic 21 year old can contribute to his or her country’s economic development.

“It is always a great privilege to meet the newest group of Anzisha Fellows. Their drive and commitment to improving the lives of their families, communities and nations is admirable and inspiring,” said Koffi Assouan, Program Manager, Mastercard Foundation. “Entrepreneurialism is an important driver of economic growth across the continent. As these finalists return home, they will become role models who will inspire the next generation to pursue their dreams.”

The Anzisha Prize is a partnership between African Leadership Academy and the Mastercard Foundation. The 15 Anzisha Prize finalists were selected from an applicant pool of more than 800 entrepreneurs from more than 32 African countries. The finalists and emerging business leaders were recognized at an exclusive, invitation-only ceremony on Tuesday 24 October 2017 in Johannesburg. The 15 finalists presented their ventures to a panel of judges after spending 10 days in a business accelerator camp to strengthen business fundamentals. They join a more than 70 strong pool of Anzisha Fellows and will receive ongoing business-consulting support, access to experts, and access to networking opportunities to enable sustainable venture growth.

“Young African entrepreneurs such as the Anzisha Fellows are a testimony to the need for youth organizations to promote and provide continued guidance on entrepreneurship and self-employment for young people. Ibrahima is an example of how entrepreneurship and self-employment is key for achieving smart, sustainable and inclusive growth.” says Lerato Mdluli, Program Manager for the Anzisha Prize.

Applications for the next cycle of the Anzisha Prize will open on 15 February in 2017. Nominations for promising youth entrepreneurs are welcome all year round.

For more information on the Anzisha Prize and to nominate an entrepreneur, please visit the Anzisha Prize website:

The Anzisha Prize is delivered by African Leadership Academy in partnership with Mastercard Foundation. Through the Anzisha Prize, the organisers seek to catalyse innovation and scale entrepreneurship among youth across the continent.

African Leadership Academy (ALA) seeks to transform Africa by developing a powerful network of entrepreneurial leaders who will work together to achieve extraordinary social impact. Each year, ALA brings together the most promising young leaders from all 54 African nations for a pre-university program in South Africa with a focus on leadership, entrepreneurship and African studies. ALA continues to cultivate these leaders throughout their lives, in university and beyond, by providing on-going leadership and entrepreneurial training and connecting them to high-impact networks of people and capital that can catalyse large-scale change. This year marks ALA’s Decennial, a milestone to reflect on and celebrate its progress to date, while investing the impact ALA will have in the future.

Mastercard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations, its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006.

The Louis Dreyfus Foundation helps to alleviate poverty and hunger by bringing sustainable solutions to smallholder farmers. The Foundation promotes projects in the areas of sustainable agriculture, food security and self-sufficiency, particularly through education and direct support to farmers, with a specific focus on developing countries in Africa, Asia and Latin America

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Mastercard Foundation Announces Fifth Annual Symposium on Financial Inclusion
October 27, 2017 | 0 Comments
Government, private sector, and non-profit actors to convene in Accra
Government, private sector, and non-profit actors to convene in Accra
ACCRA, Ghana, October 26, 2017 -/African Media Agency (AMA)/– The Mastercard Foundation today announced that its fifth annual and largest Symposium on Financial Inclusion (SoFI) will take place in Accra, Ghana, on November 7 – 9, 2017. The Symposium champions the idea that, to achieve greater financial inclusion, financial service providers in developing countries must do more to meet the needs and expectations of people living in poverty.

Each year since 2013 the Foundation has convened hundreds of industry professionals to focus on barriers to greater financial inclusion around the world. SoFI has been a platform where experts in the field gather to pave the way toward a more financially inclusive world. They exchange knowledge on a broad range of topics, including client centricity, technology, innovation, best practices, partnerships, and many more.

This year’s event will reflect on progress made over the past five years, explore challenges that still lie ahead, and plan how to expand and deepen financial inclusion for the world’s most underserved people.

“Creating a more financially inclusive world is a daunting task,” said Reeta Roy, President and CEO of the Mastercard Foundation. “Over the years, financial inclusion has increased as a priority for the international development community, as well as governments, business owners, and the clients they serve. After five years of gathering the brightest minds in the field to advance access and resources to modern financial products and services, we’ve made significant progress that will continue to make a difference in the lives of people. This year’s Symposium celebrates the progress made over these past five years and defines the work yet to be done.”

Attendees will hear from an impressive lineup of keynote speakers, including:

● Opening Keynote Address: Juliet Anammah, Chief Executive Officer, Jumia Nigeria
● Keynote Address II: Dr. Ernest Addison, Governor, Bank of Ghana

In addition to hearing from more than 30 other speakers at the Symposium, the Foundation will also award its 2017 Clients at the Centre Prize. This is a US$150,000 award that recognizes an organization most focused on client centricity to enable poor people in developing countries access to formal financial products and services. Finalists competing for the grand prize will present their business models to an audience of approximately 400 industry professionals, who will be tasked with voting for the winner.

The Mastercard Foundation first awarded the Clients at the Centre Prize in 2015 to the Swedish mobile microinsurance firm BIMA. Last year, the Prize was presented to the South African international remittance company, Hello Paisa. Each year draws nearly 100 applicants from companies around the globe. The three 2017 finalists are:

● Jumo,; a large-scale, low-cost financial services marketplace that uses behavioral data from mobile usage to create financial identities for micro, small, and medium-sized enterprises;
● ftCash, one of India’s fastest growing financial technology ventures which aims to empower micro-merchants and small businesses with the power of digital payments and loans; and
● Destacame, a free online platform that empowers users by giving them control over their data to build their financial capabilities and to access financial products.

To learn more, visit the Mastercard Foundation’s Symposium on Financial Inclusionwebsite. Follow the conversation with the Foundation on Twitter @MastercardFdn and via the event hashtag, #SOFI2017.

Distributed by African Media Agency (AMA) on behalf of Mastercard Foundation.

About the Mastercard Foundation:
The Mastercard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations, its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.Mastercardfdn.org.
ACCRA, Ghana, October 26, 2017 -/African Media Agency (AMA)/– The Mastercard Foundation today announced that its fifth annual and largest Symposium on Financial Inclusion (SoFI) will take place in Accra, Ghana, on November 7 – 9, 2017. The Symposium champions the idea that, to achieve greater financial inclusion, financial service providers in developing countries must do more to meet the needs and expectations of people living in poverty.

Each year since 2013 the Foundation has convened hundreds of industry professionals to focus on barriers to greater financial inclusion around the world. SoFI has been a platform where experts in the field gather to pave the way toward a more financially inclusive world. They exchange knowledge on a broad range of topics, including client centricity, technology, innovation, best practices, partnerships, and many more.

This year’s event will reflect on progress made over the past five years, explore challenges that still lie ahead, and plan how to expand and deepen financial inclusion for the world’s most underserved people.

“Creating a more financially inclusive world is a daunting task,” said Reeta Roy, President and CEO of the Mastercard Foundation. “Over the years, financial inclusion has increased as a priority for the international development community, as well as governments, business owners, and the clients they serve. After five years of gathering the brightest minds in the field to advance access and resources to modern financial products and services, we’ve made significant progress that will continue to make a difference in the lives of people. This year’s Symposium celebrates the progress made over these past five years and defines the work yet to be done.”

Attendees will hear from an impressive lineup of keynote speakers, including:

● Opening Keynote Address: Juliet Anammah, Chief Executive Officer, Jumia Nigeria
● Keynote Address II: Dr. Ernest Addison, Governor, Bank of Ghana

In addition to hearing from more than 30 other speakers at the Symposium, the Foundation will also award its 2017 Clients at the Centre Prize. This is a US$150,000 award that recognizes an organization most focused on client centricity to enable poor people in developing countries access to formal financial products and services. Finalists competing for the grand prize will present their business models to an audience of approximately 400 industry professionals, who will be tasked with voting for the winner.

The Mastercard Foundation first awarded the Clients at the Centre Prize in 2015 to the Swedish mobile microinsurance firm BIMA. Last year, the Prize was presented to the South African international remittance company, Hello Paisa. Each year draws nearly 100 applicants from companies around the globe. The three 2017 finalists are:

● Jumo,; a large-scale, low-cost financial services marketplace that uses behavioral data from mobile usage to create financial identities for micro, small, and medium-sized enterprises;
● ftCash, one of India’s fastest growing financial technology ventures which aims to empower micro-merchants and small businesses with the power of digital payments and loans; and
● Destacame, a free online platform that empowers users by giving them control over their data to build their financial capabilities and to access financial products.

To learn more, visit the Mastercard Foundation’s Symposium on Financial Inclusionwebsite. Follow the conversation with the Foundation on Twitter @MastercardFdn and via the event hashtag, #SOFI2017.

Distributed by African Media Agency (AMA) on behalf of Mastercard Foundation.

About the Mastercard Foundation:
The Mastercard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations, its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.Mastercardfdn.org.
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