Ethiopian wins AFRAA airline of the year award for the 6th year in a row
November 15, 2017 | 0 Comments
By Wallace Mawire
Ethiopian Airlines, the largest Aviation Group and SKYTRAX certified
Four Star Global Airline, has won the airline of the year award, for
the sixth consecutive year in a row, by the African Airlines
Association (AFRAA) during its 49th Annual General Assembly held on
November 13, 2017, in Kigali, Rwanda.
The AFRAA annual awards recognize excellence in service delivery,
innovation and competitiveness in airlines, individuals and service
providers in the African aviation industry.
It is reported that Ethiopian Airlines has been chosen for its
remarkable performance revealed through its exceptional profitability
for the financial year ended June 2016, exemplary cooperation with
other African carriers, cargo development in the continent, and
significant expansion of its route network helping to connect Africa
together and with the rest of the world.
Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam said, “As a
truly indigenous and home-grown Pan-African airline owned, managed and
operated by Africans, we are highly honored to receive this
recognition by fellow sisterly airlines in the continent for the 6th
consecutive year. I would like to thank AFRAA and sisterly airlines in
the continent for recognizing our efforts in nurturing cooperation
with other sisterly African Airlines and in availing efficient
passenger and cargo networks within, to and from the continent, while
registering sound financial performance and record profit in 2016.
Africa is at the heart of our 15 year fast, profitable and
sustainable growth strategic roadmap, Vision 2025. Already seven years
into this strategy, we have surpassed all our goals in passenger
number, cargo uplift, fleet size, revenue, profitability and customer
service with our recent 4 Star airline recognition by SKYTRAX, the
premier customer service rating organization in our industry. We
currently serve 55 African cities, the largest network in the
continent, connecting them with each other and to more than 100
international destinations in Europe, the Middle East, Asia and the
Americas using state of the art aircraft offering superior on-board
aircraft such as the B787s and A350s.
Air transport is an essential and critical public service and a key
enabler for socio economic development and integration in our
continent. African governments should create more conducive
environment for the airline industry in the continent so that African
carriers are enabled to play their rightful role in ensuring the flow
of investments, trade and tourism to the continent.”
Ethiopian is a multi-award winning airline. On November 8 , 2017,
SKYTRAX, the most prestigious international air transport standards
and quality rating organization, has certified Ethiopian as Four Star
Airline. SKYTRAX has also awarded Ethiopian as SKYTRAX World Airline
Award for Best Airline
Staff in Africa, two times, and earlier in 2017 Ethiopian has received
SKYTRAX World Airline Award for Best Airline in Africa.
SOUTH AFRICAN AIRWAYS VACATIONS® OFFERS A FREE TWO-NIGHT STAY IN THE CAPE WINE REGION OF SOUTH AFRICA
November 15, 2017 | 0 Comments
Book the “Best of South Africa” package and receive two free nights in Stellenbosch
Fort Lauderdale, FL (November 13, 2017) – South African Airways Vacations® (SAA Vacations ®), the leisure division of South African Airways, the national airline of South Africa and Africa’s most awarded airline, is offering a free two-night stay in the world-renown wine region in South Africa’s Western Cape town of Stellenbosch, with its “Best of South Africa” air-inclusive package. This offering starting at $4199*, will captivate travelers with the breathtaking scenery and
exhilarating activities in sophisticated Cape Town and a thrilling safari to view Africa’s “Big 5” wildlife in a private game reserve adjacent to the Greater Kruger National Park. Book this package by December 15, 2017, and travelers can explore Western Cape wine region and enjoy South Africa’s culinary and wine capital in Stellenbosch while experiencing world-class service at the luxurious Evergreen Manor and Spa (or similar) complimentary for a two-nightstay.
“Given the success of our Best of South Africa package, we have decided to further enhance the inclusions by offering two free nights in the Western Cape winelands,” said Terry von Guilleaume, president of SAA Vacations®. “This will allow visitors to extend their stay in South Africa and enjoy touring the wine region at an affordable package price.”
“Best of South Africa” package includes:
Round trip Economy Class air transportation from New York – JFK Airport or Washington,D.C. – Dulles Airport to Cape Town on South African Airways and domestic flights within South Africa.
Four-nights at the Southern Sun Cullinan in Cape Town adjacent to the Victoria & Alfred Waterfront inclusive of breakfast
Full-day Cape Peninsula tour and full-day Winelandstour
Two nights at the Evergreen Manor and Spa (or similar) in Stellenbosch
Two nights at your choice of Chapungu Tented Camp, Serondella Lodge, Waterbuck Lodge or n’Kaya Lodge in the Thornybush Game Reserve adjacent to the Greater Kruger National Park
Twice daily safari game drives at Thornybush Game Reserve
All daily meals at the Thornybush Game Reserve
Airport transfers and meet and greet service by South African Airways Vacations
representatives in South Africa.
The “Best of South Africa” package with the free 2-night stay in the Cape Winelands is available for new reservations made by December 15, 2017. The free nights in the Cape wine region is offered for a limited time only, so travelers should hurry and call 1-855-359-7228 to reserve today.
South African Airways Vacations offers air-inclusive package options for all budgets, with their African Specialists available to ensure their clients experience the vacation of their dreams. For more vacation packages throughout Africa, please visit www.flysaavacations.com.
Juliet Mbonu Targets Human Trafficking In Latest Movie
November 15, 2017 | 0 Comments
By Ajong Mbapndah L
The fight against human trafficking will get a serious boast when “Break Out”, a movie produced by Juliet Mbonu premieres on Nov 17 at Bowie Performance Arts Center, in MD, USA.With a cast from Nigeria, Cameroon, Ghana, Senegal, Gambia, Ethiopia, South Africa, Togo, Liberia, and Sierra Leone, the movie paints a gory picture of human trafficking especially with young women who are lured from developing countries into prostitution.Shot in several locations across Nigeria and the USA,the movie sends a strong message of deterrence to young women who may become unwitting victims of human trafficking ,says Juliet Mbonu.
Your latest movie Break Out is set to premiere on Nov 17, what is the movie about?
Juliet Mbonu: The movie is about Human Trafficking on the international stage, particularly as it affects women in many developing countries, who are lured into prostitution in developed countries
What message do you seek to send to the public with the movie?
Juliet Mbonu: The movie conveys the many complicated and horrific aspects of being lured into prostitution, outside one’s home country, and delivers a powerful message to deter young women from being victims of human & sex trafficking
Where was the movie shot and how long did it take you get it to this level?
Juliet Mbonu: The movie was shot in multiple locations in Nigeria/Africa and the United States. It took about one year to complete the research, shooting, and editing of the movie. Technical crews were flown from the US to Nigeria to capture authentic rarely seen footages in Nigeria. High-end technology was used in the US to capture the latest cinematography.
As you Break Out gets set for its big release, could you introduce the cast for us?
Juliet Mbonu: Certainly, the most exciting aspect of the movie is that the cast was recruited from the US and at least ten different African countries, in order to capture the diversity of international sex & human trafficking. The cast countries of origin include: Nigeria, Cameroon, Ghana, Senegal, Gambia, Ethiopia, South Africa, Togo, Liberia, Sierra Leone, and others..
What are some of the challenges that you faced in the production of Break Out?
Juliet Mbonu. The Budget: Raising money for such a huge project was a big challenge, however, where there is a will, there is a way. My faith in God propelled the movie from a dream to a reality. 2. Moving a technical production team around the world from the US to Nigeria, and back to the US, represented serious logistical challenges, but it turned out to be a great and exotic adventure.
Any plans for distribution especially in Africa with its huge market and the relevance of the movie’s theme?
Juliet Mbonu: Absolutely, there are Theater Premieres coming up in DC (November 17th), then NY, LA, and other US Cities, after which the Movie moves to South Africa, Nigeria, Cameroon, Ghana, and others
With regards the issue of child trafficking, how serious is this in Africa and what more could be done to get it under control?
Juliet Mbonu: Governments, institutions, and parents in Africa and other developing countries, all have a role to play. Parents must be restrained in their expectations from their children, and in becoming tacit enablers for child sexual trafficking. Even though we’ve seen reports of very poor people who give tacit approval to their daughters traveling abroad, with unclear perceptions of various employment opportunities; however a cursory look should alert people to dangers lurking in the horizon. Finally, young women should be extremely careful in their personal expectations…… there is no glamorous life waiting out there, for people who have not paid their dues in education, training, and other tutelage.
To those who do not know Juliet Mbonu, Producer of Break Out, who is she and how did she find herself in the movie industry?
Juliet Mbonu: Great question, I actually started out as a computer major in college, I then veered out into the Health Sciences & Nursing Informatics, ultimately getting a doctorate in Nursing Practice. I was consulting in the area of Healthcare Informatics before diverting my passion and zeal to Movie Productions. I have a great passion for women and children’s issues. I also run “Arise” a non-profit that focuses on women and girls issues.
What is your take on the African Movie Industry as it stands today?
Juliet: Africa has unbelievable talent in the Arts. The quality is gradually catching up with universal standards. Those of us who have recent roots in Africa, and are out here in the West, have a duty to move the industry to a world-class level
What next for you after Break Out, any other projects movie related or otherwise that Juliet Mbonu will be working on?
Juliet Mbonu: Absolutely, my Talk-Show, “Let’s Talk It Out with Juliet Mbonu” will debut in first quarter of 2018. Our Production Company (RFP) is also developing other relevant stories for a world-wide audience.
We end with more information on the movie premiere, venue, cost, and any special guests that people may run into, what will the premiere of Break Out reserve for its audience?
Juliet Mbonu: The DC area (DMV) Premiere, coming up on November 17th, 2017 at 7pm, will be at the full-size Theater “Bowie Performance Arts Center” just outside DC. The program starts at 7pm, a robust pre-show entertainment, featuring popular artists, and various entertainments. A guest list of dignitaries and the public are expected.
Tickets for the premiere of Break Out are available at the following link:
Konnect Africa Brings Wi-Fi to Rural African Communities
November 10, 2017 | 0 Comments
|Company unveils SmartWIFI service offering at AfricaCom 2017|
|CAPE TOWN, South Africa, November 9, 2017/ — Konnect Africa (www.Konnect-Africa.com), the Eutelsat-owned satellite broadband service provider, has unveiled SmartWIFI, a new hotspot service, as part of its ongoing commitment to bring digital opportunities to Africans.
This new service leverages Konnect Africa’s powerful, reliable satellite broadband network to enable sales outlets (retailers, hospitalities, gas stations, etc.) as well as healthcare centres or schools to become a connectivity point and digital gateway to opportunity for the surrounding population. Users will be able to access the internet from a distance of several hundred metres around the hotspot. Access can be extended to several kilometres through off-the-shelf Wi-Fi repeaters.
Users can access the SmartWIFI service through vouchers or mobile payment schemes. In addition, SmartWIFI comes with a unique local data storage system, enabling users in remote areas to access smart digital content free of data charges, including online courses and education programmes, sports and entertainment. Mobile and computer applications will also be available to help support daily business activities.
Konnect Africa CEO, Laurent Grimaldi commented from AfricaCom (http://APO.af/lb7KAQ): “This new Wi-Fi hotspot solution is designed specifically to address the needs of the majority of the African population that lives in rural areas, where there is a need to reduce the digital divide. In leveraging the ubiquity of our satellite network and locally operated hotspots we will foster more productive uses of digital technology to make everyday tasks easier for individuals and allow businesses in more remote areas to expand their footprint – let’s just think of weather apps to assist farmers, mobile phones to display bus timetables, or better information on market days that can help small producers enlarge their catchment area”, he added.
SmartWIFI will be available in all countries covered by Konnect Africa’s satellite broadband service. The new hotspot service will be deployed in partnership with local Internet service providers and telecom operators in strategic areas across Sub-Saharan Africa.
Details on the new hotspot solution were presented by Konnect Africa during AfricaCom’17 in Cape Town.
Set up by Eutelsat in 2015, Konnect Africa (www.Konnect-Africa.com) aims to be the leading player in providing state-of-the-art satellite broadband solutions to telecom operators and internet service providers throughout the African continent. Konnect Africa’s ambition is to boost social and economic development in Sub-Saharan Africa by providing affordable broadband connectivity everywhere thus reducing the digital divide. With the aim of “taking broadband further”, Konnect Africa launched commercial services in June 2017 and is developing partnerships in nine African countries.
Ericsson Report: 310 million LTE subscriptions in Sub-Saharan Africa by 2023
November 10, 2017 | 0 Comments
|The report also announces that mobile subscriptions in Sub-Saharan Africa are expected to grow by six percent, between 2017 and 2023, from 700 million mobile subscriptions in 2017 to 990 million subscriptions by 2023|
|CAPE TOWN, South Africa, November 9, 2017/ —
The latest regional appendix to the upcoming Ericsson (NASDAQ:ERIC) (www.Ericsson.com) Mobility Report forecasts that LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023 in Sub-Saharan Africa.
The report also announces that mobile subscriptions in Sub-Saharan Africa are expected to grow by six percent, between 2017 and 2023, from 700 million mobile subscriptions in 2017 to 990 million subscriptions by 2023.
Moreover, mobile traffic in the Middle East and Africa (MEA) will increase at a compound annual growth rate (CAGR) of 49 percent while mobile subscriptions for the total MEA region are expected to grow at four percent CAGR between 2017 and 2023, from 1.59 billion in 2017 to 2.03 billion by 2023. This equates to three percent growth in the Middle East and North Africa, from 890 million mobile subscriptions to 1.04 billion subscriptions between 2017 and 2023.
On the other hand, mobile broadband subscriptions are forecast to grow by 15% for the MEA region from 820 million in 2017 to 1.85 billion by 2023. This is broken down into a 13 percent increase for the Middle East and North Africa from 460 million mobile broadband subscriptions in 2017 to 980 million by 2023. Similarly, Sub-Saharan Africa mobile broadband subscriptions are forecasted to grow by 16 percent from 350 million in 2017 to 880 million by 2023.
When it comes to LTE subscriptions, the MEA region is expected to grow by 29 percent from 190 million to 860 million by 2023. This means that LTE subscriptions in the Middle East and North Africa will grow by 23 percent from 160 million in 2017 to 570 million by 2023. For the Sub-Saharan Africa region, LTE subscriptions will expand by 47 percent from 30 million in 2017 to 310 million by 2023.
Rafiah Ibrahim, Head of Ericsson Middle East and Africa, said: “Total mobile traffic for the region is forecasted to grow by around 49 percent annually between 2017 and 2023. This rapid growth is seeing operators increasingly exploring methods of optimizing their networks with more capacity and coverage. We are supporting operators across the region throughout the different phases of the network evolution, enabling best performing networks and differentiated customer experience.”
Finally, the report mentions that in the Middle East and North Africa, strong growth is forecasted for both WCDMA/HSPA and LTE during the period. Combined, these technologies will see a rise from 50 percent to over 90 percent of total subscriptions by the end of the period.
The first 5G subscriptions in the Middle East and North Africa are expected from 2020, reaching around 17 million subscriptions by the end of 2023.
Further highlights from the regional appendix of the Ericsson Mobility Report include:
The Internet of Things (IoT) is facilitating the digital transformation of industries, and providing mobile operators in the Middle East and Sub-Saharan Africa with opportunities to explore new revenue streams.
Cellular IoT subscriptions in the Middle East and Africa are expected to grow from 35 million to 159 million between 2017 and 2023 – a compound annual growth rate (CAGR) of around 30 percent.
Exploring new digitalisation revenues
For mobile service providers, traditional revenue sources are shrinking, and so new revenue streams are being explored. As the world becomes more connected, industries are experiencing an ICT-driven transformation. Industry digitalization revenues for ICT players come from adopting or integrating digital technologies into a specific industry. 5G-enabled industry digitalization revenues for IoT in the Middle East and Africa are predicted to reach $242 billion through 2026.
5G will be an important technology in growing industrial digitalization, particularly for use cases dependent on extra-low latency and high reliability. This presents an opportunity for service providers that are ready to explore smart revenue streams addressing B2B2X industry players.
IoT and 5G serving communities
Even though IoT is still in its infancy throughout most parts of the Middle East and Africa, there are still examples of how it has helped improve the livelihood of communities and industries in the region.
For example, in South Africa, Narrowband-IoT (NB-IoT) is being introduced to address the utilities sector, enabling tools for energy efficiency such as smart meters.
The global edition of the Ericsson Mobility Report will be released later this month.
Ericsson (www.Ericsson.com) is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York.
7th edition of the Orange Social Entrepreneur Prize in Africa and the Middle East, Prize List 2017
November 10, 2017 | 0 Comments
A new feature in this year’s 7th edition was a national phase during which each of Orange’s 17 subsidiaries in Africa and the Middle East taking part in the contest studied the projects submitted in their country and appointed local winners
|PARIS, France, November 9, 2017/ — Yesterday Orange (www.Orange.com) announced the winners of the 7th Orange Social Entrepreneur Prize 2017 in Africa and the Middle East during the AfricaCom Awards in Cape Town, South Africa.
Each year this Prize rewards innovative projects based on Information and Communication Technologies (ICT) which help improve the living conditions of local people through digital, in fields such as education, healthcare, farming, mobile payments or sustainable development.
A new feature in this year’s 7th edition was a national phase during which each of Orange’s 17 subsidiaries  in Africa and the Middle East taking part in the contest studied the projects submitted in their country and appointed local winners. These 49 local winners were entered into the international contest.
Open from February to June 2017, the call for applications received nearly 1,200 innovative project entries, which was 60% more than 2016. These projects illustrate the diverse ideas from local entrepreneurs and the potential of ICT in the development of Africa and the Middle East. Amongst the 49 local winners, 11 projects were selected and submitted to a jury made up of professionals, investors, external organisations and Orange organisations. The three winners will receive bursaries of €25,000, €15,000 and €10,000 and the Special Content Prize winner will receive €5,000. The finalists of the Orange Social Entrepreneur Prize will also enjoy priority support for six months from the NGO Grow Movement and Orange experts.
Bruno Mettling, Deputy CEO of the Orange Group and Chairman and CEO of Orange MEA (Africa and the Middle East) stated that “The Orange Social Entrepreneur Prize is now a staple part of the entrepreneurial ecosystem in Africa and the Middle East. It is a great example of our contribution to digital transformation on the continent, a transformation which we would like to be inclusive and sustainable. Congratulations to these entrepreneurs and particularly the winners, I wish them every success in their professional endeavours. ”
The winning projects this year were:
1st prize was awarded to Manzer Partazer in Madagascar
The objective of the Malagasy start-up is to reduce food waste by sharing excess food from restaurants, hotels or supermarkets with partner organisations such as orphanages and disadvantaged populations. A collaborative platform will allow direct communication between different stakeholders.
2nd prize was awarded to City Taps in Niger
CityTaps has developed a solution which bridges the gap between water services and the most disadvantaged citizens: a pre-payment service which includes a smart water meter and billing software.
The beneficiaries use their mobile to prepay for running water with any mobile phone, at any time, for any amount, which improves their household budget.
3rd prize was awarded to eFret.tn in Tunisia
eFret.tn is a website based on the freight exchange principle. It links up senders, whether private individuals or companies, with transport and transit professionals in Tunisia. The senders publish adverts describing their needs and receive free quotations from carriers, movers, and international transport companies and customs forwarding agents.
Furthermore, this year a Special Content Prize was added, which was awarded by Orange Content.
The Special Orange Content Prize was awarded to: Génie Edu in Cameroon
This is an e-learning platform which aims to help students having problems by providing online video courses. The startup wants every student, including those in remote areas, to have access to high-quality courses at a very low cost, anytime and anywhere.
Internet users were also invited to choose their “User Favourite” project. This project automatically qualified for the international final.
This was the Malgasy project Majika which received over 2,800 votes out of 12,242 votes online. Majika is a social company aiming to facilitate economic development conditions in rural zones. It is based on two areas: access to renewable electricity and support for rural entrepreneurship. Majika works on an autonomous and ecological power plant in the village of Ampasindava.
Success stories from previous winners:
 Botswana, Cameroon, Côte d’Ivoire, Egypt, Guinea Bissau, Guinea Conakry, Madagascar, Mali, Morocco, Niger, Central African Republic, Democratic Republic of the Congo, Senegal, Tunisia, Jordan, Liberia and Burkina Faso.
African business community commits to invest in skills for employment and job creation for youth at “Africa Talks Jobs” conference
November 10, 2017 | 0 Comments
|The youth had a strong voice in the development of the recommendations and made up more than half of the conference participants|
ADDIS ABABA, Ethiopia, November 10, 2017/ — More than 400 representatives of youth, business, education practitioners and policy-making from 44 countries across the African continent as well as European partners have called for improving job perspectives of the African Youth through employment oriented education and skills development. The call was made at the recently concluded “Africa Talks Jobs” (ATJ) (www.AfricaTalksJobs.Africa) conference held at the African Union Commission (AUC) headquarters in Addis Ababa. Recommendations developed at the conference will be brought to the upcoming 5th AU-EU Summit in Abidjan, Ivory Coast.
The recommendations call for a stronger engagement of the African business community in providing opportunities for skills training and joint offers with education institutions. Governments shall provide the necessary frameworks as well as favourable conditions for young entrepreneurs. At the same time, education at all levels and youth activities need to better address labour market demands and equip the youth with skills to start their own businesses. Included in the communiqué is also the call to ensure the recognition of degrees and other qualifications across the continent to enable voluntary labour migration. The recommendations were handed over to the AU Commissioner for Human Resources, Science and Technology, Prof. Sarah Anyang Agbor, and the Head of the EU Delegation Ranieri Sabatucci who will submit them to the 5th AU-EU Summit in Ivory Coast.
120 African companies and business associations, under the auspices of Business Africa, have also committed to investing in skills development and partnership with education institutions for job skills education and training. AUC Commissioner Agbor lauded the business community’s commitment to young people and requested that more companies follow the example set to move from “Africa Talks Jobs” to “Africa Makes Jobs”.
The conference was organized in the headquarters of the African Union Commission (AUC) by the AUC, the New Partnership for Africa`s Development (NEPAD) (www.NEPAD.org) and the continental umbrella organization for the private sector – Business Africa. To back the engagement of the business community AUC, NEPAD and Business Africa signed a declaration of commitment to foster the business community’s role in partnerships with education and job creation.
The conference was supported by the EU and Germany. Stefan Oswald, Director of Sub-Saharan Africa in the German Ministry for Economic Cooperation and Development pointed out that “Jobs are created mainly by the private sector, not by governments. Therefore, we applaud the commitment of the business community. This is an important shift of paradigm.” Ranieri Sabatucci, Head of the EU Delegation, underlined: “We must hear the youth. Working for them is not enough, we must work with them”.
The youth had a strong voice in the development of the recommendations and made up more than half of the conference participants. Among them were 36 fellows selected out of more than 7500 African and European applicants for the AU-EU Youth Plugin-Initiative. The AU-EU YPII is a programme to engage youth in developing a youth agenda to be endorsed at the 5th AU-EU Summit in Abidjan, Ivory Coast.
Africa Talks Jobs” (www.AfricaTalksJobs.Africa) is a continental dialogue platform on education and skills development for employment and entrepreneurship organized by the AUC, Department of Human Resources, Science and Technology, NEPAD and Business Africa with the support of German Development Cooperation (implemented by GIZ). “Africa Talks Jobs” was launched with a conference at the African Union Commission headquarters in Addis Ababa from 30 October to 01 November 2017. The event was organized as a pre-conference to the 5th AU-EU Summit in Abidjan, Ivory Coast. Africa Talks Jobs shall be further established as a platform for continental dialogue and knowledge exchange for education and skills development for employment.
University of Abomey-Calavi Becomes First Francophone West African University to Join Mastercard Foundation Scholars Program
November 10, 2017 | 0 Comments
Benin becomes the 17th member of the Africa Finance Corporation
November 10, 2017 | 0 Comments
LAGOS, Nigeria, 10th November 2017,-/African Media Agency (AMA)/- The Republic of Benin (Benin) has become the 17th Member State of Africa Finance Corporation (AFC), Africa’s premier infrastructure development finance institution.
Hon. Romuald Wadagni, Minister of Economy & Finance, formally acceded to AFC membership by signing the Letter of Adherence on 7 November, 2017. Benin, therefore, joins the list of Francophone African States that are currently AFC member countries. These include: Chad, Cote d’Ivoire, Djibouti, Gabon, Guinea-Bissau, and Guinea-Conakry.
This development augurs well for the peaceful coastal nation, which serves as an economic gateway to several other West African economies. Benin is economically stable, maintaining an average GDP growth rate of 5% over the past five years. Such fundamentals create a natural support system for viable infrastructure investment.
Andrew Alli, President and CEO of AFC commented: “We are happy to welcome the Republic of Benin to the membership of AFC. Benin is strategically located. Through this partnership, we believe that Benin will be able to realise its full potential as an important corridor for economic activities in West Africa. With the right infrastructure; taking into consideration regional economic flows, the country is well positioned to significantly service all its neighbouring countries. As a member of AFC, Benin will have access to AFC’s technical expertise and financial resources in the development, financing and execution of infrastructure projects in the Transportation, Power, Telecommunications, Natural Resources, and Heavy Industries sectors.”
Hon. Romuald Wadagni also commented on the announcement: “We are excited at the prospects of partnering with AFC to drive infrastructure development in Benin and across West Africa. As is well known, investments in infrastructure are directly linked to economic development. Our membership in AFC bodes well for the country and the entire West African region.”
Politicians steal $50b yearly from Africa – Obasanjo
November 10, 2017 | 0 Comments
FORMER President Olusegun Obasanjo has alleged that more than $50 billion is stolen and smuggled out of Africa to other countries yearly by political leaders and businessmen as well as other key players in both public and private sectors.
Obasanjo, who spoke on Thursday, November 9, at the maiden yearly anti-fraud conference, organised in Abeokuta, the Ogun State capital, by the Association of Certified Fraud Examiners, ACFE, Lagos Chapter, lamented that the smuggling of the huge funds meant for socio-economic growth and development of the African continent is now giving African leaders, past and present, great concern.
He warned that African countries might not develop if leaders and followers refused to show concern about the ugly trend.
Thus, the former president called for concerted efforts towards curbing the trend. He also charged financial professionals and all members of the association and everyone generally to help in curbing the trend not only in Nigeria but Africa as a whole.
Godwin Oyedokun, president and chief executive officer, ACFE, said: “It is really a delight to host Chief Olusegun Obasanjo. Your acceptance of our invitation is an indication that you have the love of this nation at heart.” The former president was named Grand patron of the ACFE at the event.
*Courtesy of Real News Magazine
Caf president Ahmad reassures Guinea over 2023 hosting
November 9, 2017 | 0 Comments
By Mohamed Fajah Barrie*
Confederation of African Football (Caf) president, Ahmad, says he wants to work with Guinea to ensure they can host the 2023 Africa Cup of Nations (Afcon).
Ahmad made the offer to Guinea’s head of state Alpha Condé when the two met on Monday.
“Officially Caf has never questioned the allocation of 2023 Afcon to Guinea” Ahmad said.
“We also reaffirmed to President Alpha Condé our willingness to accompany Guinea to organise the 2023 Afcon.”
The Malagasy also warned the West African country to make sure they observe the deadlines to have all the required facilities ready before the commencement of the competition.
“Guinea must be willing to respect the conditions of hosting Afcon. Otherwise, there will always be an alternative,” Ahmad added.
“If Guinea is committed, I think it will respect the Afcon timing. We have the right to worry about the organisation of the Nations Cup, because if it does not work, it is the Caf that is pointed out.”
Ahmad, who chose not to campaign in Guinea to become Caf president, was accompanied to Conakry by his vice-president from DR Congo, Constant Omari, for the one day visit.
They held a meeting with the Guinea FA headed by Antonio Soure, who heads the 2023 Nations Cup Local Organising Committee, and discussed new Caf reforms.
There has been concern in Guinea that they might be stripped off the opportunity to host Nations Cup for the first time following questions about Caf’s decision in 2014 to award the hosting rights for the next three finals to West African Francophone speaking countries.
The President of the Council of Southern Africa Football Associations, Phillip Chiyangwa, who helped campaign for Ahmad to become Caf President called for an inquiry seven months ago.
The Zimbabwean feels West Africa countries were favoured over other regions by the previous Caf regime led by Cameroon’s Issa Hayatou.
However Ahmad once again insisted Caf has never officially considered taking the tournaments away from Guinea, Cameroon (in 2019) and Ivory Coast (in 2021).
Somali Accelerator graduates another cohort of startups and gives $30,000 in investment at the Demo Day in Hargeisa
November 9, 2017 | 0 Comments
|This year’s accelerator saw over 400 applications received, building on the traction of last year’s programme|
|HARGEISA, Somaliland, November 8, 2017/ — Innovate Ventures (www.Innovate.so), the leading Somali tech and business startup accelerator launched in partnership with VC4A (https://VC4A.com), Telesom (www.Telesom.net) and the Work in Progress! Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their programme. This year’s accelerator saw over 400 applications received, building on the traction of last year’s programme. The seed investment given doubled from $15,000 last year to $30,000.
First place went to Bilan Baby, a startup that sells baby furniture, accessories and baby clothing as well as maternity products. Bilan Baby received $7,000 in seed investment. Second place went to SAMS, an agritech marketplace for farmers and buyers and Almijet, a digital printing company who received $5,000 each. Finally, Brandkii, an online marketing and advertising startup, received $3,000. Further investment was provided to Muraadso, an e-commerce startup and last year’s winners; they received $10,000.
Innovate Ventures (www.Innovate.so) is the leading startup accelerator and technology fund in Somaliland and Somalia. Innovate Ventures was created to propel and accelerate technology startups in Somalia and Somaliland, support the next wave of Somali entrepreneurs, and grow the nascent startup ecosystem in the country. Innovate Ventures have run coding camps, incubators and accelerators in the Somali region since 2012.
VC4A (https://VC4A.com) is a startup funding platform and a network of entrepreneurs, angel investors, venture capitalists and mentors building game changing companies on the African continent. VC4A supports the growth of Africa’s startup ecosystem by connecting startups to both hard and soft capital through online platform, promoting the culture of angel investment and providing technical support to local accelerators.
The goal of “Work in Progress!” is to improve the economic prospects of young men and women in Egypt, Nigeria and Somalia, create jobs and stimulate entrepreneurship by improving the skills of young people, strengthening small and medium enterprises (SMEs) and creating an enabling environment. Alliance partners include Oxfam, VC4Africa and Butterfly Works.
Telesom (www.Telesom.net) is the largest telecommunications company headquartered in Hargeisa, Somaliland. Telesom provides a variety of mobile communication products and services. It offers prepaid call plans, monthly subscription plans, International Roaming, MMS, WAP (over both GSM and GPRS), residential fixed line services, and broadband internet plans.