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Ethiopian Airlines wins Aviation 100 award
October 13, 2018 | 0 Comments
Ali Mohammed, Ethiopian Airlines area manager Gulf, receives the award.

Ali Mohammed, Ethiopian Airlines area manager Gulf, receives the award.

Ethiopian Airlines, the largest aviation group in Africa and Skytrax-certified four-star global airline, has won the Aviation 100 “Africa Lease Deal of the Year 2018” award by Airline Economics Magazine during the Airline Economics Growth Frontiers Dubai 2018 conference gala dinner.

The Aviation 100 awards recognize aviation’s most outstanding performers, as well as the most innovative and successful finance and leasing deals closed in the last 12 months. Winners of the Aviation 100 awards are decided by an industry-wide survey, a rigorous vetting process and editorial consideration.

Ethiopian Airlines Group CEO Tewolde Gebremariam said: “We are happy to receive this award from Airline Economics. It’s for the first time that the Japanese financing system, JOLCO, financed an aircraft deal with an African airline. JOLCO availed financing for our A350 aircraft. The deal shows the strong confidence of reputed global financiers in Ethiopian balance sheet and business plan.”

*Arab News

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Africa will not attain the Sustainable Development Goals (SDGs) or Agenda 2063 unless urgent climate actions are taken, says Economic Commission for Africa (ECA)’s Murombedzi
October 13, 2018 | 0 Comments
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Investments to End Poverty 2018 – meeting the financing challenge to leave no one behind
October 12, 2018 | 0 Comments

Development Initiatives (DI) has published a new data-led report that explores how development finance is responding to the demands set by the Sustainable Development Goals and what changes and action are needed to ensure their aspirations become reality for all.

Investments to End Poverty 2018 can be read at

DI is an international development organisation that focuses on the role of data in driving poverty eradication and sustainable development. DI has offices in Kenya, Uganda, the UK and the US.

Key findings relating to Africa


  • Hundreds of millions of people still live in extreme poverty and while the share and numbers of the population in poverty has decreased across most regions, the number of people living in poverty has risen in sub-Saharan Africa. The available data shows that in this region, 380 million people were living in extreme poverty in 1999; by 2013 this number had increased to 401 million people. Faster progress will be needed to ensure that no one is left behind.
  • New projections on extreme poverty levels show a best case scenario of 200 million people and worst of 400 million people living below the poverty line. More than 80% of people in extreme poverty are projected to be in sub-Saharan Africa, compared with about 50% today. Even in a best case scenario, in sub-Saharan Africa, only half of those in extreme poverty today will be lifted above the poverty line.
Source: Development Initiatives based on World Bank PovcalNet and International Monetary Fund (IMF) World Economic Outlook. Note: Projections shown in this chart are for the middle-case scenario between best and worst cases.

Source: Development Initiatives based on World Bank PovcalNet and International Monetary Fund (IMF) World Economic Outlook. Note: Projections shown in this chart are for the middle-case scenario between best and worst cases.

  • The difference in projected progress between South Asia and sub-Saharan Africa on numbers of people living below the poverty line is mainly because of the depth of poverty – poor people in sub- Saharan Africa are living much further below the international poverty line than poor people in Asia are.
  • Pulling together human development, political and economic insecurity indicators alongside poverty projections, a select group of 30 countries – mostly in sub-Saharan Africa – emerge as being most at risk of being left behind.


Aid spending

  • While the largest proportion of ODA allocated to countries goes to sub-Saharan Africa (37% in 2016), few of the countries in this region receive the largest amounts of ODA overall and only Ethiopia is one of the largest eight recipients of aid (US$4.2bn).
  • In Africa significant volumes of concessional loans went to countries at high risk of debt distress in 2016, including Ethiopia (US$1.5bn) Ghana (US$656m) and Cameroon (US$391m). Mozambique, a country rated as actually being in debt distress, received loans totalling US$417 million in 2016.
  • In many sub-Saharan African countries, the role of aid in ensuring that governments can provide social safety nets is key. In countries such as the Central African Republic, the Democratic Republic of the Congo (DRC), Republic of Congo, Ethiopia, Malawi and South Sudan, these social protection programmes are funded entirely by external aid donors. In Liberia, Uganda and Sierra Leone, aid funds over 80% of social safety nets. In Benin and Zimbabwe the figure is over 60%. Even in middle income countries such as Kenya and Ghana, donors fund respectively around a third and a fifth of social safety nets.


Domestic resources

  • Absolute volumes of domestic public resources are lowest where poverty is highest. In sub-Saharan African countries, where over a fifth of the population lives in extreme poverty, levels of per capita government revenue are below – and in many cases, far below – the average of $2,285 per capita in developing countries as a whole
  • In many sub-Saharan African countries there is potential to grow the tax base, but also a need to increase tax potential (see chart below
Source: Development Initiatives based on IMF and OECD.

Source: Development Initiatives based on IMF and OECD.

International flows (non-aid)

  • A more-than six-fold growth in non-concessional official financing to sub-Saharan and North African countries between 2000 and 2016 is a key regional trend over the last one-and-a-half decades – particularly when compared with a more modest doubling of concessional ODA in sub-Saharan Africa and the 25% growth in aid to North Africa over the same period.
  • While North Africa saw substantial growth across all non-concessional flows, in sub-Saharan Africa the trend is mainly attributable to a nearly thirteen-fold increase in non-concessional lending by official creditors that is not reported as other official flows. Given the potential contribution of this type of financing to development outcomes, such growth need not, necessarily, be concerning. However, the rising outflows that this type of financing creates, through interest and capital repayments, is a concern to be monitored, particularly given growth is currently faster in the countries identified as being at risk of being left behind, including countries already identified as being at risk of debt distress (e.g. DRC) or already in debt distress (e.g. Mozambique).
  • Countries being left behind are among the smallest recipients of other official flows, Foreign Direct Investment, private finance mobilised via blending and remittances. (see chart below).
Source: Development Initiatives based on OECD DAC, UN Conference on Trade and Development and World Bank data.

Source: Development Initiatives based on OECD DAC, UN Conference on Trade and Development and World Bank data.

Current state of the data needed for effective decision making

  • Of the 47 countries classed as providing scant or minimal public budget information, 30 are in Africa.
  • Of the 31 countries with recorded poverty populations of over 5 million people, 18 publish scant or minimal budget information. These include countries with both large populations of people in poverty and high poverty rates such as Nigeria, Tanzania and Madagascar get information
  • Statistical capacity also differs widely across developing countries. 14 of the 30 countries with the lowest levels of statistical capacity as measured by the World Bank are in Africa.


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Zim general warns on foreign bases in Djibouti
October 12, 2018 | 0 Comments
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Four Key Areas Needed to improve future Zim Elections-EU Observer Mission Report
October 11, 2018 | 0 Comments

By Nevson Mpofu

Head of the European Union Election Observer Mission of the 30 July 2018 election in Zimbabwe Elmah Brok presented a final Report on 10 October. This was witnessed in the eyes of and on behalf of the Zimbabwe Electoral Commission, the Government of Zimbabwe, Parliament, Civil Society and other stakeholders.

Addressing a pack gang of Journalists and the above mentioned, Brok said the Report contains 23 recommendations. He pointed out clearly that this is meant to strengthen positive contributions to future Elections in Zimbabwe.

‘’This is meant to improve future elections in the country. There is need to address short-falls as outlined in the Report. These short-falls must be bench-marks for future corrections. By – so doing and abiding to this , elections in the future can be improved transitionally and democratic ‘’.

‘’Recommendations need to be followed and adhered to as spelt out here. The need to have a legal framework is vital. Secondly, the role of Electoral Commissions in all elections must be seen going on prior and post- election period. Thirdly, there is need to stamp out human rights abuses. Lastly, Let us in the future observe political rights of opposition in the country.’’

‘’I urge the flow of Democratic Transition by the Government of Zimbabwe. If this is put in place there is light and that bright future of the respect of the electorate. Zimbabwe could be on the right track as long this is observed by the Government, then delivered to the people ‘’.

Elmah Brok stressed the FOUR KEY AREAS of future focus which are Independence of ZEC . The need to improve level playing field stands not to be ignored at all. Legal Framework and Inclusiveness of the processes which are key in this field must not be ignored. The four, he said have been observed and put on the table by the Observer Mission.

‘’EUEOM suggests in-order to enhance confidence in the process, to strengthen the Independence of ZEC to ensure its effectiveness confidence to the people of Zimbabwe; this must be main future focus. ZEC must develop results management process to enhance verifiability and traceability’’

‘’The need to make Electoral process Inclusive is a point as take-away home. Areas of under-registration of voters need to be established. Multi-Party liaison committees need to be used effectively .This must follow future Democratic change towards a new Government ‘’

‘’Democratic dividends must build better life for all Zimbabweans. This is only through new Democratic direction. The need for Democratic aspirations must not be hidden. This will give Zimbabwe a new Democratic direction and Democratic reforms’’, said Elmah Brok .

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One product per person for Zim shoppers as panic buying grips nation
October 10, 2018 | 0 Comments

By Wallace Mawire

Zimbabwe’s major supermarkets and retail shops have started to ration
products following unexpected price hikes which have seen prices of
major commodities going up exorbitantly.
Only recently, major fuel retailers were battling to cope with

supply of fuel mainly petrol and diesel resulting in long queues and
hoarding.However, as of yesterday even in the city of Harare long
vehicle queues could be seen at most fuel stations indicating that
they had been some injection of fuel to the suppliers.
As of yesterday major supermarkets in the capital Harare such as OK
supermarket registered long queues with customers in panic buying
However, it is still not clear what has triggered the price hikes

since fuel prices are still maintained at the same prices.
Some small retail shops have also started to peg their prices in the
US dollar currency.Most of the shops have of late been using the bond
note which had been pegged at the same rate with the US
dollar.However, the bond note is beginning to lose value by day due to
day to day speculative black market rates.
Zimbabwe’s major hurdle has been to contain a thriving black market

where prudent financial fundamentals are a pie in the sky.
l have just today been to Food World supermarket, one of the major
retail shops in the CBD of Harare wanting to buy a bottle of drink and
have been told that l am allowed just top buy one such product.
One young shopper in the CBD of Harare just told me here that he was

only allowed to buy one bottle of water due to the rationing of
products reportedly meant to minimise panic buying and hoarding.Some
of the buyers are reported to buy the commodities in bulk from the
major supermarkets then resale them at their verandas.But this
development was partially minimised when vendors were ordered to
vacate the CBD due to cholera.
This is coming amid reports that during the past few days shoppers,

especially in Harare were in panic buying mood grabbing most of the
basic commodities in anticipation of sporadic price increases.
However, government seems to be troubled by the price hikes
development and as of yesterday, Vice-President kembo Mohadi warned
retailers hiking prices unnecessarily that their licences would be
revoked.There have been unconfirmed reports that there might be
elements of sabotaging the economy by unspecified elements.
According to the Herald newspaper, government has directed that

prices of basic commodities increased without justification be reduced
immediately, as it moves to restore sanity on the market. Retailers
are hiking prices of basic commodities daily, triggering panic that
has led to artificial shortages.

Further, the government directed that no businesses should reject bond
notes and other electronic payments when transacting.

With regards to the proposed two cents tax per dollar, the government
said there was no need for the public to panic as this was yet to be
implemented and still being fine-tuned.

it is reported that those who defy the directives would face
drastic action and with regards to those in the fuel sector, they risk
revocation of their licences.
It is reported that the two cents per dollar tax that was announced
by Finance Minister Mthuli Ncube on monday will apply to transactions
of $10 and above only and will be capped at $10 000 for transactions
of above $500 000.

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Zimbabwe :Economic Perils Threatening Democratic Gains
October 10, 2018 | 0 Comments

By Nevson Mpofu

President Mnangagwa

President Mnangagwa

Zimbabwe continues to swim deeper into oblivion owing attention to current economic melt-down. All that used to depreciate is now decomposing to ashes. Following the introduction of 2% tax on all electronic transactions by the Minister of Finance Mthuli Ncube hell broke loose.

Food prices like cooking oil have risen from 3 dollars 50 cents to between 9 and 15 dollars. Fuel increase in price has also contributed. Some food stuffs like bread have high prices because of the short supply of flour. However, wheat is running short.

The crisis has prompted MDC T Leader Nelson Chamisa to be called for a meeting by Zimbabwe Council of Churches. Chamisa said recently that he is ready to meet ZANU PF for the meeting. The meeting, he pointed out is ready to work out on solutions.

‘’The country is under- going a crisis. I am ready to meet ZANU PF. We need to talk about issues faced by the country. As we talk, they are certain new challenges sprouting from the ground. It is important to meet with ZANU PF. This is really a crisis. As a country, let us solve this once and for all.

Chamisa according to most sections of society and church denominations is the central figure of acrimony in the Zimbabwe politics. They invited him for a meeting. Kenneth Mtata , Secretary General of the Zimbabwe Council of Churches indicated that a crisis talk is the only maneuver in the Zimbabwean politics to solve thorny issues .

‘’Zimbabwe is in crisis. The only solution is to address thorny issues at hand. A dialogue of some sort is the only solution. We need to bring peace of mind to bring unity between the two. How-ever. This must not be a long hill climb.

Giving his few words comment, Dr Francis Danha said it is all about building on a new Zimbabwe. The problem lies with politics of greedy Leadership in the country. We have seen that the country is in squabbles. What then is the ultimate answer to problems we have?

‘’Politics is creating poverty for the country. This is not new. This has been on and on for some time. There can be meetings to come up with solutions but if it bounces, there is always an answer to questions remaining unanswered ‘’, he said .

Several companies have threatened to close. Big Department shops are running their day to day business because of the confidence they have with them. Many small shops in high density suburbs have remained closed for some days. To make it worse, Reserve Bank of Zimbabwe has separated Foreign Accounts from the Local Real Time Gross Settlements Accounts.


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Zimbabwe hosts international trade fair for floriculture and horticulture as it seeks to reposition sectors
October 10, 2018 | 0 Comments

By Wallace Mawire
A three-day international trade fair for the floriculture and

horticulture industry has opened today in Harare, Zimbabwe running
until 11 October, 2018 as the country aims to reposition the ailing
sector to boost much needed foreign exchange.
According to Dick van Raamsdonk, General Manager of HPP

International Exhibitions group based in Holland, the first edition of
the newly established international trade fair hortiflor was
especially created for the horticulture industry of Zimbabwe.
He said that hortiflor is a platform where growers, suppliers,
traders, investors and buyers of fresh produce and fresh flowers can
“This is a platform where Zimbabwean horticulture can meet with the

world of horticulture,” Raamsdonk said.
He also said that the three day trade event in its first edition has
attracted exhibitors from 10 countries and visitors from an expected
15 to 20 countries.
“With a total of almost 60 companies that represent growers and

suppliers from the fresh flower and fresh produce sectors, it can be
called an excellent beginning of much more to come in the near future.
Since Zimbabwe has already proven to be one of Africa’s top exporters
of horticulture products in the past, it is not a new road that has to
be taken, but much more continuing on an existing road, basically in a
pretty good shape, just waiting for a good maintenance. This together
with the message of a new government of Zimbabwe, that the country is
open for business, makes it very interesting opportunity that offers
great chances to both Zimbabwean and international companies,”
Raamsdonk said.
Gorden Makoni, Chairman of the Export Flower Growers Association of

Zimbabwe (EFGAZ) said that the premier trade show, the first of its
kind in over 18 years in Zimbabwe brings together farmers, growers,
breeders, investors and buyers with one purpose of increasing
horticulture export in Zimbabwe.
Makoni said that the flower industry is going through remarkable
growth buoyed by the four rising stars, Colombia, Kenya, Ecuador and
“The US market is on the upswing, Russia market is declining but the

Netherlands remains the fulcrum of the global flower trade,” Makoni
He added that to think that in the late 90s to early 2000,
Zimbabwe was only second to Kenya and third in the world in flower
production reads like a fairy tale.
“The exhibition by HPP exhibition reminds us that we have work to
do, that is to take back our spot snatched by Ethiopia,” Makoni said.
He also added that Zimbabwe had some of the best climate for cut
flower production and horticulture.
“We need to seize on this comparative advantage against our erstwhile

and it does put us in a good steady,” he added.
Makoni also called on the government to lead by ensuring that the
industry is well funded the way mining is funded, land issue is
stabilized and can be used as collateral as some farmers are failing
to use land as collateral to increase production.
He also added that value chain linkages are needed to make sure

that growth in one has the domino effect on all up and downstream
industries including marketing, freight forwarding, finance, input
suppliers, agro-chemicals, greenhouses, packaging, irrigation, cold
rooms and refrigerated trucks.
Agribank Acting CEO, Mr Francis Macheka said that his bank was
ready to create competitive facilities such as capital to support
financing for horticulture and floriculture in Zimbabwe.
He said that his bank was geared to drive exports growth and has

made progress in sectors such as tobacco farming.
He said that the bank was pleased that some farmers in Zimbabwe had
already started to launch or relaunch projects in horticulture and
floriculture and the bank was ready to offer much needed capital

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Arsenal FC and WorldRemit name Hamisi Mohamed from Kenya as the winner of the “Future Stars” youth coaching programme
October 10, 2018 | 0 Comments
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Gemfields launches ‘Every Piece Unique’ global campaign to highlight responsibly sourced Zambian emeralds
October 10, 2018 | 0 Comments

By Wallace Mawire

Gemfields' Kagem emerald mine, Zambia

Gemfields’ Kagem emerald mine, Zambia

Gemfields, the world’s leading supplier of responsibly sourced

coloured gemstones, has launched a global advertising campaign to
raise awareness of responsible sourcing in the coloured gemstone
industry and promote Zambian emeralds from its Kagem mine in
Gemfields believes that coloured gemstones should be mined and marketed by championing three key values – transparency, integrity and legitimacy – and seeks to challenge itself and the sector by setting new benchmarks for responsible sourcing. The campaign was designed to bring these core values and Gemfields’ associated initiatives to life, highlighting the breadth of activities involved in responsibly supplying coloured gemstones to global markets.
“We wanted to bring to life the many stories behind responsibly sourcing precious gemstones in Africa as there is far more to our business than industry-leading mining and geology”, explains Emily Dungey, Group Marketing and Communications Director. “The characters in the campaign allow us to build awareness of the many life-changing
community projects we carry out, our pioneering quest for greater transparency across the industry and the support we provide for vital conservation work protecting Africa’s biodiversity. The campaign is a snapshot of who we are: it’s fun, unexpected and non-conformist, but also gives an insight into some of the ways in which Gemfields strives
to leave a positive and lasting impact.”
The campaign film is set in a contemporary art gallery, closing for the night, when the sculptures come to life through movement and dance. Each character moves with unique style, unveiling their distinctive role in the Gemfields ecosphere. The six sculptures were designed and brought to life for Gemfields by MPC Creative using
motion capture, VFX and CGI animation.

The first character, a faceted female form, half emerald and half ruby, embodies the gemstones that underpin Gemfields’ drive for Transparency, the founding principle of the business. Gemfields’ extractive operations, combined with its proprietary grading and auction systems, are all designed to bring a reliable supply of
responsibly sourced gemstones to market with an unprecedented level of transparency.
Gemfields has partnered with Switzerland’s Gübelin Gem Lab in launching a breakthrough technology entitled ‘Provenance Proof’, empowering traceability back to the mine of origin and providing consumers and Gemfields’ Authorised Auction Partners with certainty that their gemstones started their journey with Gemfields.
As Transparency dances through the gallery, her arm brushes a second character – a petite paper sculpture featuring hand-writing and emeralds. The scroll-like figure personifies Gemfields’ Education programmes. Gemfields supports life-changing initiatives for the communities near its mines in three key spheres: Health, Livelihoods and Education.

It has constructed four schools in Mozambique and established three in Zambia, as well as providing university
scholarships in the fields of mining and geology. In total, more than 2,500 pupils are now attending these schools and classes for adults have been added to allow parents to keep up with the next generation.
Transparency and Education awaken a valiant rhino sculpture carved from wood, half-dipped in recycled green gold and replete with emerald eyes. An iconic African symbol of Conservation, the rhino was chosen to reflect Gemfields’ work with conservation partners to protect Africa’s wildlife and biodiversity, including the Niassa Carnivore
Project and Quirimbas National Park in Mozambique and the Zambian Carnivore Programme spanning several Zambian reserves.

The three characters run together through the gallery until they reach a dominating, vibrant, abstract painting featuring human forms dramatically poised around a Fabergé egg. The central figure emerges
from the painting to join the energetic trio. He represents Gemfields’ community initiatives to improve the Health care and wellbeing of those living around its mines. Before Gemfields introduced formalised mining operations, these remote communities had little or no access to healthcare. Cholera, malaria, HIV and dysentery were commonplace. Now, two mobile health clinics in Mozambique serve six remote villages of around 10,000 people. In Zambia, a further 10,000 people benefit from a significantly upgraded health centre and maternity ward. The
presence of a Fabergé egg reflects Fabergé’s role as a vital component of Gemfields’ ‘mine and market’ vision.

Wholly-owned by Gemfields Group, Fabergé is famed for its ingenious use of coloured gemstones, innovative techniques and workmasters-of-distinction to create highly coveted jewellery befitting Gemfields’ most prized emeralds and rubies.
The dance energetically builds as the characters surround a large-scale hanging installation. Comprising bright blue feathers and sparkling rubies, its colouring is inspired by the lilac-breasted roller, a native African bird. This character signifies Livelihoods, the third of Gemfields’ local initiatives and is a nod to the chicken farms created to empower local women. Gemfields set up the farms with local women, teaching them how to manage these autonomously and then transferring the projects as independent, fully functioning businesses providing self-sufficiency for the women. Gemfields strives to leave a positive, lasting legacy in the communities it touches that will
long outlive its presence and support ongoing economic sustainability, including in agricultural projects. Gemfields has created two farming associations in Zambia and nine farming associations (two of them run by women) in Mozambique. Training in agricultural techniques such as crop rotation, pest control and conservation farming has increased yields by up to 200%, advancing quality of life from sustainable
livelihoods in the local area.
The characters dance to the base of a flowering Baobab tree, the ‘tree of life’. This iconic African motif embodies Sustainability, Gemfields’ approach to communities near its mining operations. By its very nature, mining impacts the environment, but Gemfields seeks to minimise this where possible. Gemfields does not use chemical
substances that are hazardous to health or pollute. Before mining commences, seeds are collected from indigenous plants and trees to create a seed-bank and the rich top soil is stored for re-deployment. Gemfields re-fills and re-plants as part of an ongoing integrated mining process, reducing impact to the site and maintaining biodiversity. The film’s ‘tree of life’ is inspired by a real-life Baobab tree which sits directly within the mineralised ruby mining
area in Mozambique. Gemfields has mined around it, leaving the magnificent tree standing on an island, pending rehabilitation of the surrounding area.
The film concludes with an explosion of Baobab flowers, the exuberant characters poised in their original gallery positions and two gently floating flowers – with hearts of ruby and emerald – the only evidence of the magical activities. Similarly, Gemfields’ mine sites will return substantially to their original state, leaving in place the
wider positive effects of improved community healthcare, education, sustainable livelihoods and conservation efforts.
‘Every Piece Unique’ highlights how each gemstone is distinctive,possessing its own personality and character, much like original pieces of art. The film continues the narrative of Gemfields’ ‘A Story in Every Gemstone’ campaign, building a greater understanding of the vigour behind responsibly sourcing emeralds and rubies from their
origins in Zambia and Mozambique.
The campaign was created by adam&eveDDB with production carried out by Gutenberg Global and media planning and buying carried out by Havas LuxHub Media. The Moving Picture Company (MPC) in collaboration with
FutureDeluxe produced and directed the campaign film, with characters brought to life by MPC Creative, using VFX and CGI animation. Gemfields’ Every Piece Unique campaign launched globally on 1 October 2018.

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Member states endorse Economic Commission for Africa’s strategic plan for statistical development in Africa
October 10, 2018 | 0 Comments
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London: Dangote urges deepening of African economy through free trade
October 10, 2018 | 0 Comments
Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in the development of the regional market
LONDON, United Kingdom, October 8, 2018/ — Foremost businessman, Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy.

Speaking during “One to One Conversation” at the on-going 5th annual Financial Times African Summit, the Nigerian entrepreneur said the key to Africa’s economic growth and strength is in the development of the regional market, saying “Regional markets in Africa must work.”

Dangote said Africans must patronize African markets which is why the free trade agreements by African nations is the direction to go to strengthen African markets.

Citing an instance of his own experience, the president of Dangote group referred to the case of neighbouring Benin Republic where the country continues to import cement from China while his Nigerian factory is only 35 miles away from the border.

“We need to trade with ourselves”, Dangote stated as he spoke glowingly about the prospect of African economy, the free trade agreement and the availability of huge raw materials to attract investors.

Asked about when the much touted listing of Dangote cement on the London Stock Exchange, he told his audience comprising of investors, business magnates, captains of Industry and African Heads of Government which included President Akufo-Addo of Ghana and Ali Bongo of Gabon, that the listing might happened in 2019.

According to him, all hands are on deck to complete the process of listing, the development which he said is being looked towards for by the business community.

Prompted by the Editor of the Newspaper, Lionel Barber to speak about difficult markets like Tanzania and Ethiopia, Dangote dismissed the issue difficulty and re-affirmed “our aim is to always provide jobs and worth. As an African investor I don’t want any investor anywhere in Africa to have a bad experience.”

Dangote repeated his central mantra for African growth urging the reduction of exports of raw materials to other continent but create greater wealth within African economies.

Said he: “We need to continue to transform the structure of African economies”. He alluded to his company’s entry into the Ghana Sugar market, pointing that he is further expanding his sugar business to Ghana for the main reason of helping to revitalize its economy. “We are going to help Ghana grow its own sugar for the first time.”

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