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Abuja Selected to Host Afreximbank’s 2018 Annual Meetings and 25th Anniversary
February 9, 2018 | 0 Comments
Kemi Adeosun, Minister of Finance of Nigeria, (left) and Dr. George Elombi, Afreximbank Executive Vice President, exchanging views during the meeting in Abuja.

Kemi Adeosun, Minister of Finance of Nigeria, (left) and Dr. George Elombi, Afreximbank Executive Vice President, exchanging views during the meeting in Abuja.

Cairo, 09 February 2018: – Nigeria has emerged the host country for the 2018 African Export-Import Bank (Afreximbank) Annual Meetings (AAM2018) and 25th Anniversary celebrations scheduled to take place from 9 to 14 July, the Bank announced today in Cairo.

Kemi Adeosun, Minister of Finance of Nigeria, conveyed the country’s readiness to host the event in a recent letter to the Bank in which she stated that the Government and people of Nigeria felt highly honoured at being considered to host the meetings and anniversary.

The two events will be held at the Transcorp Hilton Hotel in Abuja and will feature a series of seminars exploring various aspects of trade and economic development and looking at the transformation of African economies through trade. There will also be the meeting of the Afreximbank Advisory Group on Trade Finance and Export Development in Africa.

Other activities include an investment forum hosted by the Nigerian Government, a trade exhibition, and formal celebratory activities marking the Bank’s 25th Anniversary. The events will conclude with the Annual General Meeting of Shareholders of the Bank.

To kick off preparations for AAM2018 and the anniversary celebrations, an Afreximbank delegation led by Dr. George Elombi, Executive Vice President (Governance, Corporate and Legal Services), traveled to Abuja from 31 January to 3 February for meetings with the Minister and her team and to inspect the facilities to be used.

During the meeting with the Minister, she reiterated Nigeria’s readiness to provide all the necessary support to ensure the success of AAM2018 and the anniversary celebrations.

Earlier, Dr. Elombi noted that holding AAM2018 and the anniversary celebrations in Nigeria was like a homecoming for Afreximbank, given that the first Annual General Meeting of the Bank had been held in the country and that Nigeria played a significant role in the establishment of the Bank.

He also pointed out that the Nigeria accounted for a significant portion of the Bank’s business, with critical financing support extended to many Nigerian corporates and entities.

Several serving and former African Presidents and heads of state, as well as many high-profile political and business leaders, are expected to attend the events where they will be joined by the shareholders of the Bank and other stakeholders.

The full AAM2018 and 25th anniversary event programme will be released in due course. In the meantime, details about the registration and participation procedures, can be found by clicking on the link below:

http://www.afreximbank-am.com/

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ATIGS 2018 Will Connect Global Investors To The African Market In A Unique Way- Bako Ambianda, Snr Dir of GAA Exhibitions & Conferences
February 9, 2018 | 0 Comments

By Ajong Mbapndah L

On June 24 the 2018 Africa Trade and Investment Global Summit (ATIGS), will kick off in Washington D.C.Bringing together new and established partners from around the world to increase business ties, and partnerships,the summit will highlight and showcase trade and investment opportunities and development solutions across Africa and enable companies from around the world to scale or establish operations in Africa and beyond. Since the 2014 U.S.-Africa Leaders’ Summit, there have been few summits of this magnitude in Washington DC , and  to learn more about the scope, and objectives of the event, Pan African Visons spoke to a leading member of the organizing team Bako Ambianda, Senior Director of GAA Exhibitions & Conferences 

ATIGS 2018 will welcome delegates from over 40 African countries says Bako Ambianda

ATIGS 2018 will welcome delegates from over 40 African countries says Bako Ambianda

 Could you tell us more ATIGS?

 The Africa Trade & Investment Global Summit (ATIGS) is a unique high-level conference and exhibition, prestigious, biennial business platform designed specifically to promote and facilitate international trade between Americas, Asia, Caribbean, EU, UAE, with Africa; to facilitate foreign direct investment in Africa; and to provide a platform for businesses to expand into new markets. ATIGS is where companies around the world looking to expand or establish their business operations in Africa come to gain strategic knowledge about local investment opportunities, and connect with competent authorities, and businesses from Africa.

Who will attend ATIGS 2018?

The ATIGS 2018 edition scheduled on June 24 to 26, 2018 will gather key economic players from more than 70 countries, including government delegations, African buyers, high-profile African leaders, project developers, and international investors. The event has a well-structured format for facilitating direct peer engagement, for more advanced deal-making, co-investments, strategic partnerships, and business networking.

What is the theme of ATIGS 2018?

ATIGS 2018’s theme is “Driving Trade, Unleashing Investment, and Enhancing Economic Development: the Gateway to African Markets. ATIGS 2018 will provide access to African markets as a one-stop shop, and connect global Investors to Africa market.

 What are the sectors of focus for ATIGS 2018? 

ATIGS program will cover 16 economic sectors particularly manufacturing, agribusiness, power, construction, infrastructure, transportation, IT, tourism, telecoms, healthcare, fintech, textile, and natural resources sectors.

 Which African countries will delegates be coming from?

We anticipate to welcome delegates from over 40 African countries. We currently have confirmed delegates from 32 countries including South Africa, Algeria, Nigeria, Angola, Morocco, Cameroon, Kenya, Namibia, Ghana, Ethiopia, Gambia, and Uganda among others.

Which Western countries will delegates be coming from?

We already have registered delegates from UK, Spain, UAE, Turkey, Brazil, France, Switzerland, and Canada, among others. It must be noted that ATIGS is an Africa-global business event, so we anticipate delegates from more than 70 countries, and we currently have ATIGS country representatives in over 75 countries working on mobilizing delegates from their respective countries.

Who are some key speakers confirmed to grace the Summit?

We currently have 124 confirmed high-level speakers from more than 65 countries, which include  key speakers like Dr. Munir Ahmad Ch, President of Aspire World Investments LLC from United Arab Emirates, Hon Senator Ike Ekwerenmadu, Deputy Senate President of Nigeria, Hon Kwaku Ofori Asiamah, Ghana Minister of Transport, Walid Loukil, Deputy Managing Director of Loukil Group from Tunisia, Xoliswa Daku, Founder & CEO of Daku Group of Companies from South Africa, Asma ALAOU, CEO of Africa Key Partners from Morocco, Belarmino Van-Dúnem, Chairman of Angola’s Investment and Exports Promotion Agency from Angola , Meir Moalem, CEO & Managing Director of Sky and Space Global  from United Kingdom,  Dr. Richmond Annan, President of iRichie Group Inc from Texas, and Andrew Herscowitz, USAID Power Africa Coordinator, among others.

ATIGS 2018 will provide access to African markets as a one-stop shop, and connect global Investors to Africa market ssys Bako Ambianda

ATIGS 2018 will provide access to African markets as a one-stop shop, and connect global Investors to Africa market ssys Bako Ambianda

How is ATIGS different from other summits focused on Africa?

Unlike most talk-shop conferences focused on Africa, ATIGS moves beyond that, and focuses on bringing together investment promotion agencies (IPAs), trade promotional organizations (TPOs), and international development organizations (IDOs) all under one roof to showcase investment opportunities to global investors, and enhance trade engagements between Americas, Asia, Caribbean, EU, UAE, with Africa in an ultimate business platform ideal for conducting G2B, G2G and B2B meetings.

We currently have 58 confirmed trade, investment and development organizations (TIDO’s) which include, Angola’s Investment and Exports Promotion Agency; Abuja Chamber of Commerce and Industry; Dubai Chamber of Commerce and Industry; Entreprises Du Cameroun; Ghana Investment Promotion Centre; Gambia Ports Authority; Guyana Office For Investment; Lesotho National Development Corporation; Lagos State Employment Trust Fund;  Namibia Ministry of Industrialization; Trade and SME Development; Nigeria National Economic Council; Sierra Leone Investment and Export Promotion Agency, among others.  Also, ATIGS is a conference and exhibition.

 Tell us about the exhibition segment of the event?

You know, the exhibition is my favorable part of ATIGS. It will be divided into two sections. The exhibition hall 1 will showcase trade and investment opportunities in Africa by trade and investment agencies, and exhibition hall 2 will be dedicated for companies to showcase their products and services. Some highlights include Agriculture Pavilion, and Real Estate Pavilion. We currently have confirmed exhibitors from Spain, Brazil, Australia, UAE, Kenya, Kenya, and U.S.

 Why Is ATIGS held in June 2018?

ATIGS is held under the umbrella of World Business Week on Africa, and strategically positioned between the 2018 SelectUSA Investment Summit (highest-profile event FDI event in USA), and the 27th World Gas Conference (world’s largest global natural gas event). It is estimated that Over 18,000 business leaders, media, and global investors will be in Washington D.C for different business and investment events all happening from June 20 to June 29, 2018.Therefore delegates that will make it to ATIGS 2018 (June 24-26,2018) can easily use one stone to hit three birds in terms of networking, deal-making, strategic partnerships, meetings, and more.

 (Other Flagship Africa-focused small events to be held within the same week include: Arica-China Economic Forum, UAE-Africa Business Forum, US-Africa Manufacturing Forum, EU-Africa International Business Congress, LAC-Africa Business Forum, Africa FDI Shark Tank, Electrify Africa Forum, Africa Smart Cities Forum, Africa Construction and Infrastructure Forum, Africa Consumer Technology Forum, among others.)

 Who are the key partners in the event?

We are delighted to organized ATIGS 2018 in partnership with Trustrade Consulting Group, Pan African Chamber of Commerce and Industry, Africa Global Chamber of Commerce, Franchise Africa, The Varanda Network, Ignite Trade Africa, Footprint to Africa Limited, and World Trade Center Antananarivo, among others.

We are also honored to have the endorsement of International Trade Centre for ATIGS 2018. The Council is helping us to invite / arrange external speakers, representatives of government agencies and the media, create and design some important topics to be discus at ATIGS 2018, and will promote the event in the Council newsletter, social media channels and on the Council’s website.

Given the big ambitions ATIGS 2018, how long will the event last?

ATIGS 2018 is a three-day event with unique activities, top rated speakers and high-level participation. The formats are designed to give delegates more opportunities for questions, debate, and peer to peer interaction, but still with the same high-quality content delegates will come expecting from ATIGS 2018. We will have Roundtables, Investors’ Zone, ATIGS Awards Dinner, Meet the FDI Experts, Bilateral Meetings, and Signing Ceremony, among others.

 Why host an African event in USA?

The vision of ATIGS is built on the model of rotating the location of the summit every two years through a bidding process and organizing country specific ATIGS in between. So, the upcoming ATIGS events include: ATIGS 2018 – Washington D.C, ATIGS 2020 – Dubai; ATIGS 2022 – Beijing; ATIGS 2024 – Brussels, ATIGS 2026 – Addis Ababa; and, ATIGS 2028 – South America. As the host country for Africa Trade and Investment Global Summit 2018, The United States of America serves as a model for ATIGS 2018 for several reasons including its high number of embassies in Washington, D.C and the high Access to capital, as the ​United States hosts the most developed, liquid, flexible, and efficient financial markets in the world. Washington D.C also host over 40 African embassies making it easy for companies all round the world to engage with Africa during ATIGS 2018.

 Tell us about some delegations coming to the Summit?

We currently have over 18 confirmed delegation groups from all around the world including Gabon, Algeria, Hong Kong, China, Ghana, Angola, Kenya, Japan, Zambia, Cote d’Ivoire, Madagascar, Guinea, Congo DRC, Nigeria, Singapore, Togo, South Africa, and Ghana, among others. The numbers will increase soon as the event is still developing.

What are you most excited about ATGS 2018 and Beyond?

Good question. I am excited about our portfolio of investment sourcing and trade facilitation initiatives that will connect African businesses to world-class investors and strategic partners, which will help get more African projects off the ground. We are building a pipeline between investors and top scalable, profitable opportunities across Africa that enhance economic development. Some of our innovative programs includes Africa FDI Shark Tank, Bankable Projects Showcase, ATIGS Business Matchmaking, Africa Worldwide Alliance Partnerships (AfriWAPA), Africa FDI Academy, ATIGS Deal Marketplace, and other programs set to lunch, ATIGS CEO Network, and Cities Network on Trade and Investment, among others.

 How do you see Africa in the context of its strategic position in the world?

We all know that Africa is the world’s next major economic success story and has tremendous opportunities. Africa is the second most attractive investment destination in the world and trade flows have expanded by 15 percent per year since 2006, with $2.6 trillion Africa’s collective GDP by 2020, $1.4 trillion Africa’s consumer spending by 2020, and 122 million people will be added to workforce by 2020.

I see Africa position in the world as the forecast that foreign direct investments and international trade will continue to increase rapidly. As Africa’s reputation for a viable location for investment increases, so does its significance in trade.

With interest in the continent growing exponentially, some of today’s newest business players are originating from non-traditional regions such as South America, Eastern Europe, the Gulf, and Africa itself. While well-established and new partners from Europe, North America, and Asia continue to be valued, it is interesting to note that the private sector’s scope of attention is increasingly widening to include, especially among newcomers, consumer-market industries including food, IT, tourism, finance and retail.

Where can people learn more, or register for ATIGS 2018

There is a comprehensive website www.atigs2018.com which contains everything to know about ATIGS 2018 and registration can be done directly on the website.

 What other Information will you like to share about ATIGS 2018

 ATIGS 2018 is shaping up to be an exceptional show with unique activities, multitude of strategic business opportunities, top rated speakers, and high-level participation. I urge you to visit ATIGS 2018 official websitewww.atigs2018.com, for all latest developments.

 Thank you so much for talking to Pan African Visions

The pleasure is mine, and thanks for the great work you do in promoting events like this, and covering Africa in a more positive way.

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The AFRICA CEO FORUM sets out its program for transforming the African private sector
February 9, 2018 | 0 Comments
  •  The major annual gathering for the African private sector takes place on 26 and 27 March in Abidjan
 
  • More than 1,200 decision-makers from more than 60 countries are expected to debate the theme of “African Champions: Powering Competitiveness”
ABIDJAN, Ivory Coast, 8 February 2018, -/African Media Agency (AMA)/- The AFRICA CEO FORUM will hold its 6th edition on 26 and 27 March 2018 in Abidjan, Côte d’Ivoire. More than 1,200 key figures and decision-makers from industry, finance and politics will converge from 60 countries to attend the world’s largest gathering of the African private sector.

With its chosen theme, “African Champions: Powering Competitiveness”, the AFRICA CEO FORUM 2018 aims to enable its participants to formulate action plans for the transformation of the continent’s large companies. The African private sector has developed strongly over the past two decades, most recently showing its capacity to resist a period of economic slowdown. But the number and size of leading companies remains small when measured against other emerging regions. While economic recovery takes shape, the unprecedented technological disruption that is occuring all over the world can be a tool for African champions to grow ever faster, to increase their competitivity, and to challenge their counterparts at a global level. Despite the risks they pose to industry in terms of job creation, these digital revolutions also enable acceleration on a new scale in several fields: financial inclusion, logistics, access to health and education, agricultural competitivity and innovation among them.

Providing the business climate continues to improve and investment to strengthen, this large-scale evolution will also result in a new generation of dynamic African companies.

Through twenty sessions organized by sector and region, case studies by top CEOs, success stories, strategic workshops, and themed task forces (on female leadership and young CEOs), the 2018 edition of the AFRICA CEO FORUM sets out to open the perspective on a new era for the private sector, and to make the next ten years of growth a decade of entrepreneurial transformation in Africa.

Among the key speakers to lead the debate:

Alassane Ouattara, President of the Republic of Côte d’Ivoire; Philippe Le Houérou, CEO of the International Finance Corporation; Jim Ovia, Founder and CEO of Zenith Bank; Tedros Ghebreyesus, Director-General of the World Health Organization; Paul Polman, CEO of Unilever; Claudio Descalzi, CEO of ENI; Naguib Sawiris, Executive President of OTMT; Benedict Oramah, President of Afreximbank; Kuseni Dlamini, Chairman of Massmart; Mohamed El Kettani, CEO of Attijariwafa Bank; Diego Aponte, CEO of MSC; Geoffrey Qhena, CEO of IDC; Zouhaïr Bennani, CEO of Label’Vie; Janine Kacou Diagou, Managing Director of the NSIA Group; Yolanda Cuba, CEO of Vodafone Ghana; Junior Ngulube, CEO of Sanlam; Issad Rebrab, Chairman of the Board of Cévital; Abderrahmane Benhamadi, CEO of Condor; Alassane Doumbia, CEO of SIFCA; Bruno Mettling, Deputy CEO in charge of Africa and the Middle East, Orange; Patrick Akorli, CEO of Ghana Oil Company; Austin Avuru, CEO of Seplat Petroleum; Joshua Oigara, CEO of Kenya Commercial Bank Group; Vuyani Jarana, CEO of South African Airways; Oluwatoyin Sanni, CEO of United Capital; and Tonye Cole, CEO of Sahara Group.

About the AFRICA CEO FORUM
The AFRICA CEO FORUM is organized by Jeune Afrique Media Group, the publisher of Jeune Afrique and The Africa Report, and by rainbow unlimited, a Swiss company specialized in event organization and economic promotion. With the success of its 2017 edition, which welcomed almost 1,200 business leaders from Africa and the world, the AFRICA CEO FORUM has established itself as the main international event for the African private sector to discuss the continent’s development in a highly professional environment ideal for business networking. The 2018 edition is co-hosted by the International Finance Corporation (IFC, part of the World Bank Group).

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Cash or custody: Israel kicks off deportation of African migrants
February 6, 2018 | 0 Comments

Out of 6,800 requests reviewed so far, Israel has granted refugee status to 11 migrants. It has at least 8,000 more requests to process.

Israeli authorities have said Israeli officials will keep in touch with migrants accepted in a third country to oversee their progress. Rwanda has said it will only accept migrants who have left Israel of their own free will.

Nonetheless, the U.N.’s refugee agency has urged Israel to reconsider, saying migrants who have relocated to sub-Saharan Africa in the past few years were unsafe and ended up on the perilous migrant trail to Europe, some suffering abuse, torture and even perishing on the way.

Rights groups in Israel say the government is simply ridding itself of people it should be recognizing as refugees in Israel and that there was no real guarantee for their safety.

A fence Israel has built over the past few years along its border with Egypt has all but stopped African migrants from entering the country illegally. Beginning in the previous decade, when the border was porous, a total of 64,000 Africans made it to Israel though thousands have since left.

Emmanuel Asfaha from Eritrea crossed into Israel in 2011 with his wife and baby son. His second child was born in Israel.

A narrow grocery store stockroom stacked with bags of flour leads to their two-room apartment in Tel Aviv, a poster of Jesus hanging on the cracked walls above his son’s bed. Asfaha is concerned Israel will eventually deport families too.

“I am worried about the situation,” he said while cooking Shiro, a traditional stew. “Tomorrow it will be for me also.”

A few kilometers away, in a hip, upscale part of Tel Aviv, Ben Yefet, a 39-year-old stockbroker, said he had signed up with Miklat Israel to house two or three migrants in his two-room apartment.

“As Israelis and Jews we are obligated. We have a moral compass, we just have to do it,” he said.

*Source Reuters

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Will the Stability Doctrine in Africa destabilise the world?
February 6, 2018 | 0 Comments

Amidst rising discontent, foreign governments are increasingly asserting the importance of “stability”. But for whom? To what end? For how long?

BY NANJALA NYABOLA*

Credit: Rwanda Government.

Credit: Rwanda Government.

In 2017, the world watched as Kenya endured one of the most complicated election cycles ever. In the hotly-contested initial August vote, the incumbent won. As expected, the opposition contested the result in court. Many saw merit in the complaints, but were nonetheless shocked when the Supreme Court ordered a re-run. Unhappy with the hurried process that ensued, and fuelled in part by an opposition boycott, however, voters largely avoided the repeat poll in October, which registered a paltry turnout of less than 40%.

The Kenya case throws up an interesting contradiction of modern foreign policy. Western diplomats have long preached the gospel of good governance in the developing world. But as these uncertain events unfolded last year – with the police killing 78 civilians and the electoral commission itself admitting it had made a shambles of the second vote – Western ambassadors kept urging Kenyans to recognise the importance of one particular idea.

That idea was not “rule of law”, “democracy” or “free, fair and credible” elections. It was “stability”.

More than 15 million voters refused to participate in the Kenyan election re-run. The process was widely seen as illegitimate and has likely sowed seeds of dissatisfaction that could undercut the ability of the ruling party to govern for the next five years. But despite this, diplomats continue to parrot the cardinal importance of “stability”.

This was not the first or last time this word echoed around the continent in 2017. From Togo to Egypt, and from Chad to Gabon – all of which have seen popular protests come up against state power – the emphasis on stability has taken precedence over, say, political engagement. As Cameroon’s government gunned down protesters, arrested activists en masse, and shut down the Internet in Anglophone regions, for example, international actors urged a return to stability. As simmering discontent in Ethiopia led to online blackouts, heavy force and a state of emergency, Western diplomats supported the government in restoring the same.

It has even become the strategy taken in relation to Eritrea, nominally a pariah state, but now a lynchpin in Europe’s immigration policy. When it comes to Western engagement with Africa, stability is the mot du jour.

The Stability Doctrine

In the name of this “Stability Doctrine”, foreign governments tip the political balance in favour of existing power and the state. They bolster the short-term status quo, even if that means disregarding visible discontent and overlooking state abuses. They pick power over protesters, and privilege the interests of others over those of the citizens in the countries at hand.

One of the main reasonings behind this approach is inseparable from the global march of neoliberalism. Foreign extraction from Africa is not new, but steady social and political conditions are a particular priority for today’s predominant form of exploitation. Corporations hungry for endless growth – more so than states looking to manage a balance of power – need predictable politics to operate.

Unlike some periods of history, the focus today is also notably short-termist. During the Cold War, African nations were seen as potential allies in long-term, ideological world-building projects. But today’s Stability Doctrine is focused only on the next few years. It has no interest in building institutions, embedding good governance, or understanding the underlying causes of threatened instability. It has little concern for the implications of its actions in the future – because by that time, it will be someone else’s problem.

Two things have changed in the last ten years that have led to this particular brand of the Stability Doctrine. Firstly, the rise of China, Turkey and other non-Western countries has threatened the West’s long-standing economic domination in Africa. This has given African elites – amongst the key beneficiaries of “stability” – more leverage and led Western policymakers, afraid of losing their patronage networks, to weaken their good governance agenda.

At the same time, the 2007/8 global economic collapse has made opportunities to extract from Africa all the more important. African markets, labour and natural resources have never been more integral to resolving urgent economic challenges in other parts of the world.

Delay, defer, deny

What’s wrong with stability uber alles? First and foremost, it puts a risky mortgage on the future of Africa. It is an alliance between outsiders and African elites whose mantra is eat now and delay, defer or deny the consequences.

The Stability Doctrine treats Africa as a place to make as much money as quickly as possible, not a place where people live, love and exist. It ensures African countries continue to play a position in the periphery of global politics, providing raw materials, markets, and an acquiescent labour force for multinational corporations.

The focus on stability treats the tremendous effort and risk that African activists and politicians take to shift the political discourse as secondary to the interests of foreign governments. It sees widespread demands for greater justice, democracy and accountability as less important than holding things steady – at least at the levels important for foreign business.

The reality, however, is that while outsiders are tipping the scales in favour of wealth and the status quo in the corridors of power, African countries are growing increasingly inhospitable for many of their citizens, particularly the youth. In 2017, thousands died attempting to cross the Mediterranean, while the African Union estimates that another 200,000 are currently zig-zagging across the Sahara chasing after the same dream.

They leave partly because of the collateral damage of “stability” or profiteering over all else. They leave because there is no land to work – much of it sold off or unusable thanks to the ravages of climate change. They leave because their educations are worthless as privatisation has eaten away at public universities. They leave because their leaders spend more on weapons to maintain power than they do on healthcare. They leave because police officers show up at their doorstep and summarily arrest, detain or kill anyone who dares to hold a political opinion that threatens the country’s “stability”.

Stability for whom? For how long?

In 2018, things in many countries in Africa are probably going to get worse before they get better. Millions of young people will come of age in countries that have little room for them.

In Kenya, the authority of the executive elected under suspect conditions will probably be tested more than ever. In Cameroon and Ethiopia, protests will likely continue and may escalate. Meanwhile, in Gabon, the two Congos, Equatorial Guinea, Eritrea, Sudan, Uganda, Rwanda and beyond, disillusionment will continue to swell even while African and Western elites hold fast on the promise, and profit, of short-term stability.

The point is not that instability is the answer. Rather, it is that when confronted with the Stability Doctrine, we must ask “stability for whom?”, “stability to what end?” and “stability for how long?”.

The Stability Doctrine as it is shuts African citizens out of their politics, lest they rock the boat, and leaves them abandoned. That may pave the way for predictable market conditions that benefit international corporations and African elites today and maybe even tomorrow. But what of everyone else? And what of the day after?

The Stability Doctrine is an imposter usurping a vacuum left by the slow erosion of ideological (versus commercialised) Pan Africanism. In 2018 and beyond, it’s important to re-assert that Africa is not just an idea or a market that must remain open for business at all costs. Enough Stability Doctrine – it’s time for a foreign policy ideology that asserts the dignity and personhood of African people over all else.

*Source African Arguments.Nanjala Nyabola is a Kenyan writer, humanitarian advocate and political analyst, currently based in Nairobi, Kenya. Follow her on twitter at @Nanjala1

 

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U.S. ROADSHOW TOUR TO SPUR ACTION ON INCREASING U.S. INVESTMENT IN AFRICA
February 6, 2018 | 0 Comments

TOUR AIMS TO FOSTER GREATER BUSINESS CONNECTIONS BETWEEN AFRICAN AND U.S. BUSINESSES AND INVESTORS

WASHINGTON, D.C. – January 17, 2018 – The Initiative for Global Development (IGD) will embark on a four-city roadshow tour from April 18-28, 2018, across the United States aimed at re-shaping perceptions on doing business in Africa by highlighting investment opportunities and forging stronger connections between U.S. and African business leaders in key growth sectors.

The U.S. roadshow tour, “Africa Investment Rising: Building Momentum for Investing in Africa’s Economic Prosperity”, is a multi-city series of site visits, panel discussions, and speed networking among investors and business leaders to spur greater U.S. investment in Africa.

African and global CEOs and senior executives from sector-leading companies and investors in the U.S. and African countries are invited to participate in the U.S. roadshow. IGD is a U.S.-based network of African and global business leaders who are committed to sustainable development and inclusive growth through business investment.

Launching the U.S. roadshow in Washington, D.C on April 18, the roadshow tour will travel to New York City to highlight banking, financing, insurance and investment; Des Moines, IA for agriculture and agro-industry; and Houston, TX for oil and gas, energy, natural resources and infrastructure.

With some of the world’s fastest-growing economies, the African continent is increasingly becoming an attractive investment destination for emerging markets investors. Yet, estimates show that only 0.3% of the average portfolio in the U.S. is invested in Africa.

“Those of us investing in Africa know about the high returns and lucrative business and investment opportunities on the continent,” said Dr. Mima S. Nedelcovych, President & CEO of the Initiative for Global Development. “Creating favorable global perceptions about the business environment in Africa will go a long way in attracting greater investment in African countries with the right business climate.”

“Now, more than ever, there’s a need to change the narrative about doing business in Africa. The Africa Investment Rising roadshow will travel into the heartland of the U.S. to bring real business opportunities and connect African and American business leaders for networking, business matching and knowledge sharing,” said Nedelcovych.

Each city will begin with an exclusive site visit for African delegates featuring innovations in leading industries, followed by a half-day forum and executive speed networking where U.S. and African private sector leaders and investors can make deals and business agreements to create new markets in both regions. Participants have the option of attending one or all stops on the U.S. roadshow.

The Initiative for Global Development (IGD) is a Washington, DC-based network of African and global business leaders who are committed to advancing sustainable development and inclusive growth in Africa through business investment. IGD brings together CEOs and senior executives from leading African and global companies through our Frontier Leader Network to catalyze greater business investment and impact on the African continent.

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SOUTH AFRICAN AIRWAYS VACATIONS® OFFERS AN AIR-INCLUSIVE “LOVE CAPE TOWN” PACKAGE FROM $1999*
February 5, 2018 | 0 Comments

Fort Lauderdale, FL (February 02, 2018) – Just in time to celebrate Valentine’s Day, South African Airways Vacations® (SAA Vacations®), the leisure division of South African Airways is offering a 5-night air-inclusive experience in the beautiful city of Cape Town. Starting at just $1,999* per person (restrictions apply) travel from New York – JFK between April 01 – May 31, 2018, and August 11-31, 2018 and enjoy the breathtaking views and exhilarating activities in sophisticated Cape Town.

SAA Vacations’® “Love Cape Town” package offers a stay in one of the hottest new hotels in the city center, Tsogo Sun’s Sun Square Cape Town City Bowl. This modern hotel boasts a hip and fresh edgy design, free wi-fi, an onsite restaurant serving complimentary breakfast daily, great service and personalized hospitality. With its convenient central location, travelers can explore the city of Cape Town, the Victoria & Alfred Waterfront, iconic Table Mountain and Lion’s Head and the trendy neighborhood restaurants and club scene of the “Mother City”.

The “Love Cape Town” package includes a Cape Point bike & hike tour. A fun way to experience the sights and sounds of the picturesque Cape Peninsula exploring the Cape of Good Hope Nature Reserve and enjoying the breathtaking views of the Atlantic Ocean from the summit at the Cape Point lighthouse. Also included is a Hop on Hop off Red City Tour, the easiest and most convenient way to visit Table Mountain, explore the City Bowl, Camps Bay, and the Atlantic Seaboard for the complete Cape Town adventure.

“The Love Cape Town package provides what active travelers are asking for at an incredibly affordable price.” said Terry von Guilleaume, president of SAA Vacations®. “Experience the breathtaking scenery of Cape Town and the Cape Point Peninsula with an exciting bike & hike activity as well as a hop on hop off bus tour to stretch those legs!

This vacation package is a great introduction to the Mother City.”

“It’s fantastic to have a travel partner in South African Airways, which will make travelling to a worldclass destination more accessible. said Enver Duminy, CEO of Cape Town Tourism. The “Love Cape Town” package has been carefully selected to provide a wonderful introduction to some of the best bucket list attractions and experiences the city has to offer. We look forward to welcoming our visitors and sharing everything with them, from our natural environment to our award-winning restaurants and bars.”

SAA Vacations® “Love Cape Town” Package Includes:
• Round-trip Economy Class air transportation from New York JFK Airport to Cape Town on
South African Airways.
• 5-nights at the NEW Sun Square Cape Town City Bowl, on a bed and breakfast basis
• Full-day Cape Point, Bike and Hike Tour
• Full-day pass on the Hop on Hop off Red City Tour bus
• Airport transfers and meet and greet service by South African Airways Vacations
representative in South Africa

“Love Cape Town” package is available for new reservations made as of February 01, 2018. Travelers can book by calling 1-855-359-7228 or their professional travel consultant. South African Airways Vacations offers air-inclusive vacation options for all budgets, with their African Specialist available to ensure their clients experience the vacation of their dreams. For more vacation packages throughout Africa, please visit www.flysaavacations.com.

 

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Unprecedented worldwide support for the Global Partnership for Education and addressing the global learning crisis
February 3, 2018 | 0 Comments
Significant new financial commitments from donors and developing countries will enable new and improved support for the education of millions of children
Press conference (Photo credit: GPE/Heather Shuker)

Press conference (Photo credit: GPE/Heather Shuker)

DAKAR, Senegal, February 3, 2018/ — Ten current and three former heads of state and more than 60 ministers gathered at the Global Partnership for Education (GPE) Financing Conference (www.GlobalPartnership.org), making this the highest-level education financing event of its kind.

The conference, co-hosted by President Macky Sall of the Republic of Senegal and President Emmanuel Macron of the French Republic, marks the first time an education financing conference has been hosted by a G7 leader and the president of a developing country.

More than 1200 participants attended including leaders from UNESCO, UNICEF, the World Bank, civil society, philanthropic foundations and the private sector. Rihanna, GPE’s Global Ambassador supported by Global Citizen, also participated.

The size and nature of the attendance at the conference was a visible demonstration of the strengthened global political will to ensure every child is in school and learning. This heightened momentum will enable the Global Partnership for Education to reach the goal of providing US$2 billion a year by 2020 for education planning and delivery to support children’s learning in developing countries.

Donor countries pledged US$2.3 billion in financing to GPE. This is a substantial increase in funding compared to the US$1.3 billion contributed over the past three years. In addition, several donor countries have indicated their intention to pledge further funds over the course of the financing period.

The biggest source of education financing comes from developing countries themselves. More than 50 developing countries announced they would increase public expenditures for education for the period 2018 to 2020 to a total of US$110 billion, compared to US$80 billion between 2015 and 2017.

GPE encourages developing countries to increase their share of education spending to 20% of their overall budget. Of those governments committing today, over two-thirds will have reached that goal by 2020.

I am energized by the generosity and determination we have seen here today to ensure every child and young person has access to a quality education. After today’s commitments, we are seeing a clear trend to seriously address the global learning crisis” said Julia Gillard, Board Chair of the Global Partnership for Education and former Prime Minister of Australia. “The success of the conference marks a turning point for global political support for education financing and brings a new breadth and depth to our partnership.” 

At the conference, the United Arab Emirates joined GPE, becoming the first Arab donor and pledging US$100 million. Senegal, in addition to pledging to increase its own expenditure on education, became GPE’s first African donor. The Netherlands and Spain renewed their involvement, and China attended for the first time.

The unprecedented support today means that the Global Partnership for Education can continue to focus on the most excluded and vulnerable children and work to extend assistance to up to 89 countries, which are home to 870 million children and 78 percent of the world’s out-of-school children,” said Alice Albright, Chief Executive Officer, Global Partnership for Education.

 

 

The Global Partnership for Education’s funding model is a catalyst for education investment, working hand in hand with governments of low-income and lower middle-income countries to strengthen their education systems. The Global Partnership for Education supports governments to develop robust national education plans so that funds can then be channeled into their priority areas with confidence that they will contribute to improved quality of education for all children.

The conference was sponsored by: Ecobank, the Pan African Bank; Fondation Sonatel; and Altissia, and supported by Girls Not Brides; Global Campaign for Education; Global Citizen; Malala Fund; ONE; Plan International; RESULTS; and Women Deliver.

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ARC and UN Partner to Increase Insurance Coverage in Africa
February 2, 2018 | 0 Comments

ADDIS ABABA – The African Risk Capacity (ARC), an agency of the African Union, and the United Nations Economic Commission for Africa (ECA) have announced a new partnership which will see the two organisations work together to increase insurance coverage against climate risks for African states.

The multilateral deal was announced at the African Union’s Annual Summit in Addis Ababa, and commits ARC and ECA to build the capacity of their 33 common Member States by embedding risk management investments into government planning through policy development. ARC and ECA also will share expertise and commit financial resources to joint analytical work in areas of economic and climate risk research in order to promote risk transfer instruments.

The UN estimates that Africa will see the adaptation costs of climate change rise to $50 billion per year by 2050.

“This partnership marks a bold new phase of heightened collaboration on combatting the effects of climate change in Africa,” said Mohamed Beavogui, Director-General of ARC Agency. “The future of disaster risk management is an increasingly urgent economic issue, and ECA’s unique expertise will complement ARC’s work serving its Member States and building preparedness and resilience on the continent.”

In the four years that ARC has offered insurance coverage to its Member States, it has paid out more than USD $34 million to Member States affected by drought events. These resources have assisted over two million people affected by climate disaster.

“Climate change is one of the biggest threats to Africa’s economic and social development,” said ECA Executive Secretary Vera Songwe. “We believe that efforts like our partnership with ARC will help move the needle, so that African countries can be well-guarded against these threats, and they can thrive.”

ECA is a UN regional commission established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958. ECA’s mandate is to promote the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa’s development. Made up of 54 Member States, and playing a dual role as a regional arm of the UN and as a key component of the African institutional landscape, ECA is well positioned to make unique contributions to address the Continent’s development challenges.

ECA’s strength derives from its role as the only UN agency mandated to operate at the regional and sub-regional levels to harness resources and bring them to bear on Africa’s priorities. To enhance its impact, ECA places a special focus on collecting up to date and original regional statistics in order to ground its policy research and advocacy on clear objective evidence; promoting policy consensus; providing meaningful capacity development; and providing advisory services in key thematic fields.

ARC consists of ARC Agency and ARC Insurance Company Limited (ARC Ltd). ARC Agency was established in 2012 as a Specialised Agency of the African Union to help Member States improve their capacities to better plan, prepare and respond to weather-related disasters. ARC Ltd is a mutual insurance facility providing risk transfer services to Member States through risk pooling and access to reinsurance markets; it is owned by Member States with active insurance policies as well as KfW Development Bank and the UK Department of International Development (DfiD), as capital contributors.

ARC plays an important role in responding to countries’ needs at times of crisis by providing fast access to funding for pre-agreed-upon, rapid response plans developed in conjunction with governments. ARC’s financing complements other forms of local and international support.

In the few years since ARC began, it has proved to be an effective and vital model – paying out USD $34 million to four countries (Senegal, Niger, Mauritania, and Malawi) affected by drought events. Those resources provided assistance for over two million people and approximately one million cattle.

ARC is using its expertise to help tackle some of the greatest threats faced by the continent, including droughts, outbreaks and epidemics, and tropical cyclones.

For more information, please visit: www.africanriskcapacity.org

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African Reinsurance Corporation joins Africa Finance Corporation
February 2, 2018 | 0 Comments
Andrew Alli, President and CEO of AFC with Corneille Karekezi, Group Managing Director & Chief Executive Officer of Africa Re

Andrew Alli, President and CEO of AFC with Corneille Karekezi, Group Managing Director & Chief Executive Officer of Africa Re

LAGOS, Nigeria, 1 February 2018,-/African Media Agency (AMA)/- African Reinsurance Corporation (“Africa Re”) announces its membership of Africa Finance Corporation (“AFC”), and becomes the first multi-lateral financial institution to invest in AFC.

Africa Re, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continent’s premier reinsurance corporation, operating across 41 African countries. Africa Re’s membership of AFC will be officially sealed at a signing ceremony to be held in Lagos, Nigeria, on February 1, 2018.

Africa Re’s membership of AFC advances AFC’s growth strategy for its country membership and greater diversification of its shareholding. In recent months, AFC has grown its country membership in Francophone, East and Southern Africa, with the accession in 2017 of Benin, Kenya and Zambia, respectively. AFC now seeks to consolidate this success by further expanding its shareholder base.

Andrew Alli, President and CEO of AFC commented: “We welcome African Reinsurance Corporation (Africa Re) as a member and shareholder of AFC. As the first multilateral financial institution to become a member of AFC, this is a key milestone for us, as the Corporation seeks to further diversify its shareholding. We are, therefore, pleased to welcome Africa’s premier reinsurance corporation into membership of AFC and look forward to collaborating with Africa Re to provide innovative solutions to the development and financing of infrastructure assets in Africa.”

Corneille Karekezi, Group Managing Director & Chief Executive Officer of Africa Re, commented: “As a Corporation with both private and public shareholders, we see many synergies with AFC in the pursuit of African continent development agenda as well as business growth. Indeed, we have long admired AFC, and the transformative impact it has made across many of the geographies in which we operate, whilst delivering competitive returns. We are therefore delighted to become a part of one of Africa’s best success stories.”

AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1 billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet size of approximately US$3.5 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service. AFC successfully raised US$750 million in 2015 and US$500 million in 2017; out of its Board-approved US$3 Billion Global Medium Term Note (MTN) Programme. Both Eurobond issues were oversubscribed and attracted investors from Asia, Europe and the USA.
AFC’s investment approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested approximately US$4 billion in projects within 28 countries across North, East, West and Southern Africa.
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Greenpeace Africa’s Executive Director Wins a Prestigious Human Rights Award
January 31, 2018 | 0 Comments
Njeri has mentored many and her recent advances in the environmental protection crowns her lifelong commitment to human rights promotion and protection
NAIROBI, Kenya, January 30, 2018/ — Greenpeace Africa’s (www.Greenpeace.org/africa) Executive Director, Njeri Kabeberi, has won the 2017 Munir Mazrui ‘Lifetime Achievement Human Rights Defenders Award’ in a ceremony organised by the National Coalition of Human Rights Defenders (NCHRD-K) at the Royal Netherlands embassy in Nairobi, Kenya. This is one of three categories of Human Rights Defenders (HRD) Awards launched in 2016 to recognise and honour the work of human rights defenders in Kenya.

NCHRD-K is a national organization that promotes the safety and security of human rights defenders in Kenya through advocacy, capacity building and protection. It works in partnership with a Working Group on the Protection of Human Rights Defenders, chaired by the Royal Netherlands Embassy.

Announcing the award, Kamau Ngugi, Executive Director of the HRDs coalition in Kenya said:

“Njeri is a selfless Woman Human Rights Defender who has broken chains of patriarchy to lead successful campaigns for justice, good governance and human rights in Kenya and beyond. Njeri has mentored many and her recent advances in the environmental protection crowns her lifelong commitment to human rights promotion and protection that deserves recognition and celebration.”

Upon receiving the award, Njeri Kabeberi said she was humbled and honoured.

“Despite having received a number of International Awards this is the first time I have been recognised in my own country – and since it is said that a ‘prophet is never recognised in their own home’, this then becomes the biggest victory and the sweetest award to date.”

“Human rights defenders’ work is lonely and hardly appreciated but I know that focus, persistence and resilience always cause the desired impact. We earn our freedom when we learn to face fear head on; that is what others call courage” continued Ms. Kabeberi.

Njeri’s activism career spans over three decades; as a young girl in 1982, she quietly began supporting mothers and wives of political prisoners but her human rights work was only thrown into limelight a decade later when she was invited to the late Prof. Wangari Maathai’s house to join the organization of the campaign to release Kenyan political prisoners.

With this long history in human rights activism, Njeri is now leading Greenpeace Africa into a new wave of environmental justice for Africans by Africans. Human rights is inextricably linked to climate change.

“If we won the human rights and governance battle, but lost our planet, we would have lost everything.”

“My current vision is to build an Environmental Movement in Africa so powerful that African citizens begin to take responsibility for their future. This can be achieved by restoring the continent through green pathways and seeking global environmental justice to mitigate climate change impacts” concluded Kabeberi.

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Africa Business and Investment Forum set for Addis Ababa, Ethiopia
January 29, 2018 | 0 Comments
CCA President Florizelle Liser

CCA President Florizelle Liser

Washington, DC – January 29, 2018: A high level public- private sector dialogue on ways of supporting and promoting private-sector led growth in Africa will take place on Tuesday, January 30, 2018 in Addis Ababa, Ethiopia.

The African Business and Investment Forum will serve as a platform for African and U.S. private sector executives to share insights with African heads of state, ministers, senior USG officials, representatives of multilateral institutions and other stakeholders.

The one-day Forum will feature roundtable discussions on issues related to trade and diversification, energy, agribusiness, and health. This will ensure that private sector voices and views are heard by leaders and key stakeholders, and that the day-to-day challenges faced by private sector operators in Africa are addressed.

Among the more than 150 expected participants are Prime Minister Hailemariam Desalegn of Ethiopia; President Filipe Nyusi of Mozambique; President Paul Kagame of Rwanda; President Alpha Condé of Guinea; President Macky Sall of Senegal; President Yoweri Museveni of Uganda; President Mahamadou Issoufou of Niger; President João Lourenço of Angola; and President Uhuru Kenyatta of Kenya; CEOs and senior executives of key U.S and African companies, both multinationals and SMEs will also attend.

In addition to providing a platform for a high-level public-private sector dialogue, the objectives of the Forum are to increase opportunities for business partnerships, secure commitments as well as track the adoption of business-friendly policies, and showcase countries and policies that are contributing to an enabling environment for enhanced African regional and global trade and investment, including with the United States.

The Africa Business and Investment Forum is organized by the Corporate Council on Africa (CCA) in partnership with the United Nations Economic Commission for Africa (ECA). ECA’s Executive Secretary, Vera Songwe, and CCA’s President and CEO, Florizelle Liser, will be representing the two organizing institutions at the event.

CCA, as the premier U.S. business association solely focused on promoting U.S.-Africa trade, investment and business engagement, will bring its 23-year expertise of successfully providing insights, connections and access critical to U.S. and African businesses operating on the continent.

ECA provides a unique platform for intermediation between the public and the private sector policies and programs, offering solutions and support to accelerate sustainable private sector development on the continent.

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