Call Us Now: (240) 429 2177

guinea-bissau

Buhari Wants Nigerian Troops Back From Guinea Bissau
December 16, 2017 | 0 Comments

.as Nigeria agrees to host ECOWAS 52nd Ordinary Session

By Olayinka Ajayi

President Muhammadu Buhari on Friday told the President of ECOWAS Commission, Marcel A. de Souza that Nigerian troops in Guinea Bissau need to be sent back home.

President Buhari receiving His Excellency Marcel A. de Souza, President of the ECOWAS Commission

President Buhari receiving His Excellency Marcel A. de Souza, President of the ECOWAS Commission

Speaking at the he hosted Marcel A. de Souza at the Presidential Villa in Abuja. The President said he expects a formal report on the situation in Guinea Bissau at the 52nd Ordinary Session of the ECOWAS Authority of Heads of State and Government set to hold on Saturday in Abuja.

His words:“We need our troops back home, and I hope the President of that country will accept a constitutional way to resolve the situation there,” Buhari said.

The ECOWAS Commission boss in response thanked Nigeria for agreeing to host the 52nd Ordinary Session at short notice, adding that the impact of Nigeria was quite strong in the organisation. He said further that Nigeria will make an impact in the ECOWAS region having just come out of recession.

“We are under financial pressure due to terrorist attacks in the sub-region, but Nigeria being out of recession will have an impact on the entire region,” de Souza said.

He noted that Nigeria was the highest contributor of troops to Guinea Bissau, but admitted that “the troops can’t be there endlessly.”

Buhari also said it was gladdening that the organisation demand accountability from its headquarters staff, which made it invite the Economic and Financial Crimes Commission (EFCC) from Nigeria recently to look into its books.

“Thanks for being firm, and for insisting on transparency and accountability at the ECOWAS headquarters,” President Buhari said, adding that Nigeria would continue to fulfil its obligations to the sub-regional body.

0
Read More
New Reports Highlight Salaries and Gender Gap Across Africa’s Fintech Industry
December 14, 2017 | 0 Comments

To better understand and address human talent gaps that exist in Africa’s Fintech landscape, the Digital Frontiers Institute (DFI) has released two new reports: the 2017 Fintech Talent Africa Leadership and Employee Engagement Report and the 2017 Fintech Talent Africa Compensation Report. The reports, the first of their kind, provide valuable data and insights for business leaders and entrepreneurs to help attract and retain the best people in Africa’s increasingly competitive financial technology industry.

“There is far too little Fintech talent in Africa, and companies in the industry are feeling the pinch,” said Gavin Krugel, CEO of the Digital Frontiers Institute. “This human capacity gap is leading to escalating human capital costs and hiring delays, stalling business progress within the Fintech industry. Through our research insights and work to develop Fintech management, we aim to help digital finance professionals worldwide cultivate the necessary capabilities and capacity to shape and contribute to more efficient, effective and inclusive financial services.”

With funding from Omidyar Network, this comprehensive report draws on data collected through a cross-sectoral survey of more than 400 leaders, managers and professionals across 69 organisations and 10 sub-Saharan African countries. Among the reports’ key findings:

  • Salary Comparisons by Country: countries such as Kenya and Nigeria consistently rank the highest when it comes to remuneration packages for staff across all levels of expertise, while more developed digital economies such as South Africa, with the largest pool of respondents, consistently rank in the middle and lower tiers of compensation packages.
  • Gender Gap: Similar to current trends in technology and finance industries globally, women are underrepresented at Fintech companies across Africa, both in leadership and operational roles. Of the more than 400 professionals who participated in the survey, only 12.5 percent were women, and on average, women made up 39 percent of teams in Fintech.

The reports also explore the reasons behind disparities and provide advice on what can be done to resolve challenges in recruiting and retaining talent. Ultimately, the reports can empower leaders and decision makers in the African Fintech industry to improve capacity planning, talent development, and remuneration and retention practices, maximizing their opportunities in one of the world’s fastest growing industries.

Both reports are free to download and share from the following link: https://digitalfrontiersinstitute.org/the-institute/2017/12/08/explore-africas-fintech-talent-landscape-digital-frontiers-institute/

About Digital Frontiers Institute

Digital Frontiers Institute (DFI) is a capacity building institute focused on digital finance. Our mission is to equip a new generation of FinTech professionals with the knowledge, skills, network & vision required to guide society towards inclusive digital financial solutions. DFI connects more than 1500 industry professionals representing public, private and development sectors in 60 countries through its online community, Switch. The organisation has trained more than 2 000 students in 90 countries.  DFI was founded by David Porteous, Gavin Krugel and Ignacio Mas, current funders include The Omidyar Network, FSD Africa, Bill & Melinda Gates Foundation and MasterCard Foundation.

0
Read More
CCA Leads U.S. Delegation to Sudan on Historic Trade Mission
December 14, 2017 | 0 Comments

Washington, DC – December 14, 2017 Corporate Council on Africa (CCA) led an historic trade mission to Khartoum, Sudan on December 3-7, 2017. This first trade mission to Sudan – less than two months after the U.S. government lifted economic sanctions in place for over 20 years – afforded U.S. companies an up close and hands on experience in Sudan to gain a deeper understanding of Sudan’s current investment climate and business opportunities.

CCA President and CEO, Ms. Florizelle Liser and the Director for Investment and Infrastructure, Mr. Biova Kabine, led the trade mission to Sudan. The 21-person delegation of CCA member and other companies represented sectors from infrastructure, oil and gas, mining, health and medical supplies, and financial services.  Participating companies included A&A Consultants, Inc, ACROW Bridge, All American Logistics, Caterpillar, Diamond Fields International, General Electric, Shell, The Boeing Company, Trade and Development Bank, US Best Medical, Varian Medical Systems and Visa. The trade mission was sponsored by Sudatel and Trade and Development Bank (TDB).

“We received a very warm welcome in Sudan, and we came away with the knowledge that the government and people of Sudan are eager and ready to engage with U.S. businesses” said Ms. Liser. “I am grateful to the major sponsors of the trade mission (including Sudatel and the Trade and Development Bank), the Sudanese Government, the U.S. State Department and embassy in Khartoum, and to the participating companies and trade mission delegates, who made this historic trade mission a reality.”

The delegation was welcomed by senior Sudanese government officials, including meetings with Sudan’s Prime Minister, H.E. Bakri Hassan Saleh as well as its Foreign Affairs Minister, H.E. Prof. Ibrahim Ahmed Abdulaziz Ghandour; and also explored investment opportunities and networked with key business leaders in a market that had been closed off to U.S. investors due to the sanctions.

The delegation started its meetings with a briefing by the U.S. Embassy Khartoum’s Country Team as well as one by the World Bank, International Monetary Fund (IMF) and the African Development Bank (AfDB) country representatives which provided companies with an overview of the political and economic environment in Sudan as well as forecasts for Sudan’s economic growth and business prospects. TDB President Admassu Tadesse provided valuable information to the delegates on how TDB can provide financing for projects, serving as a bridge mechanism while commercial banks are still considering when and how to move into the promising Sudanese market.

The trade mission featured a high-level business-to-government forum during which detailed presentations on various Sudanese sectors provided attending U.S. companies with the kinds of in-depth information needed to inform their business decisions. The forum was opened by H.E. Mubarak al Fadil al Mahdi, Deputy Prime Minister and Minister of Investment. The Ministers of Finance and Economic Planning, H.E. Dr. Mohamed Othman Al-Rikabi; Agriculture and Forestry, H.E. Dr. Abdulatif Ahmed Mohamed Al Igeimi; Petroleum and Gas, H.E. Dr. Abdulrahman Osman Abdulrahman; Water Resources, Irrigation and Electricity, H.E. Mutz Mousa Abdalla Salim; Transport, Roads and Bridges, H.E. Engineer Makawi Mohamed Awad; Health, H.E. Bahar Idris Abu Garda Abulgasim; Minerals, H.E. Professor Hashim Ali Mohamed Salim; and Environment, Natural Resources and Physical Development, H.E. Dr. Hassan Abdulgadir Hilal were also in attendance. CCA trade mission delegates then had the opportunity to hold one-on-one meetings with some ministers.

The delegation continued the mission with business-to-business meetings with more than fifty company representatives that are members of the Sudanese Businessmen and Employers Federation and the U.S. Sudan Business Council.  In a briefing by the Sudanese Central Bank, the Sudanese Bankers Association, and the Bank of Khartoum, the delegation heard from senior executives about the Sudanese financial services sector and discussed both the challenges and opportunities related to bank financing of business ventures and projects in Sudan.

The delegation also did several site visits including one to Sudatel’s Data Center – one of only two such centers in the region; and another to DAL Group facilities, which highlighted this premier Sudanese multinational’s multiple business lines and allowed the delegates to visit the DAL Milk Factory and its modern dairy farm.

Due to the trade mission, several delegates have identified new business opportunities and potential local partners, collected key market data and made substantial progress on large transactions.

0
Read More
Ambassador Omar Arouna Appointed To Washington DC’s Mayor’s Commission On African Affairs
December 14, 2017 | 1 Comments

By Ajong Mbapndah L

 

Ambassador Omar Arouna has solid credentials for consistent advocacy for Africa

Ambassador Omar Arouna has solid credentials for consistent advocacy for Africa

Omar Arouna , immediate past Ambassador of  Benin  to the United States ,a 25 year Washington DC resident, and a well-known US Africa policy expert has been named by Mayor Muriel Bowser to the Washington, D.C., Mayor’s Commission on African Affairs.

The newly appointed commissioner, is a Managing Partner of the US-Africa Cybersecurity Group LLC. (https://usafcg.com); a District of Columbia legal liability collaborative organization designed to foster the development and implementation of cybersecurity strategies and initiatives in the public and private sectors in Africa and the Founder and CEO of Global Specialty LLC. (GSL) a District of Columbia leading international business development firm focused on developing business opportunities on the African continent.

Ambassador Arouna serves as Executive Vice President of Goodworks, International, a U.S. multi-national consulting firm founded by former U.N. Ambassador Andrew Young. The firm at its height had seven offices in Africa and three U.S. based offices focused on promoting business in Africa and the Caribbean. Clients have included AECOM, Chevron, Delta Airlines, General Electric, Motorola, and Sumitomo Corporation, MGI Management, and Verizon. In addition, he also assisted African governments in improving their relations with U.S. government agencies and, helped governments to reach out to Members of Congress and the White House.

As Ambassador Omar Arouna helped in forging stronger ties between Benin and the USA

As Ambassador Omar Arouna helped in forging stronger ties between Benin and the USA

The Mayor’s commission on Africa Affairs is composed of fifteen (15) members appointed by the Mayor with consent of the Council.   Members of the Commission on African Affairs who have shown dedication to, and knowledge of the African community, are appointed with due consideration for representation from established public, nonprofit and volunteer community organizations concerned with the African community, and members of the public.

 

The functions of the Commission on African Affairs are to:

  • Serve as an advocate for African persons in the District;
  • Review and submit to the Mayor, the Council, and the Office, and make available to the public, an annual report that includes an analysis of the needs of the African community in the District;
  • Bring to the attention of the Mayor and the OAA cases of neglect, abuse and incidents of bias against members of the African community in the administration of District and federal laws;
  • Review and comment on proposed District and federal legislation, regulations, policies, and programs and make policy recommendations on issues affecting the health, safety, and welfare of the African community;

Ambassador Arouna  is expected to be sworn in on Saturday December 16,2017.

0
Read More
Emerging Technologies: new revenue opportunities for African Telcos
December 14, 2017 | 0 Comments

By Mariam Abdullahi*

 

Mariam Abdullahi

Mariam Abdullahi

Although Africa’s largest telco operators are generally showing growth in their customer bases, it is public knowledge that revenue growth has somewhat stalled to as little as 1% year on year. This means that despite attracting an increased number of customers, the amount each of these customers spend, is decreasing. In the wake of digitally transforming economies, it is safe to assume that the traditional revenue models of voice, SMS and data revenues are eroding and may soon become irrelevant. Thanks to a combination of maturing technology, regulatory interventions, increasing levels of sophistication and discernment among consumers, the disruption brought by free or low-cost public wi-fi and Over The Top (OTT) powerhouses such as WhatsApp, traditional telco revenue streams are under severe threat.

WhatsApp and its more than 900 million active users around the world, leverage Telco infrastructure to send 30 billion messages per day at no cost. Google’s ever-expanding fibre network in the US is enabling an always-online lifestyle, while China’s WeChat not only connects its 600 million subscribers with instant messaging, but has also established itself as a digital platform providing services ranging from real-time traffic updates to mobile payments.

These OTT players have created loyal customer bases as they provide valuable services at low costs, all leveraging the infrastructure that Telcos built. So, with slowing revenue growth, do Telcos invest in their own OTT apps and products to start reclaiming some of the revenue and brand equity claimed by the likes of WhatsApp?

I would argue that a far better route to the continued success and growth of the African telco industry is not to look back at missed opportunities, but to rather look ahead to the emerging technologies that will shape the business and consumer landscape across the African continent. And there’s no bigger or better emerging opportunity than the Internet of Things.

The USD 60 trillion opportunity

With a projected 50 billion things connected by 2020, the Internet of Things is set to become one of the most significant technological innovations in history. General Electric estimates that investment into the Industrial Internet of Things will reach USD 60-trillion over the next 15 years, while McKinsey predicts the IoT market will attain a compound annual growth rate of 32.6% by 2020.

Within the next few decades, sensors will permeate every aspect of our lives. In this hyperconnected age, everything from cars to machines to livestock and crops will have a sensor. In a recent collaboration between Bosch and SAP, IoT was implemented to monitor asparagus farming operations to improve yield, while also providing farmers with key insights based on accurate data that helps make them more profitable.

The possibilities are endless: for example, a refrigerator provided by a cooldrink vendor with the purpose of storing their product can be remotely monitored to ensure it is indeed stocking the intended products and provide the vendor with real-time insights into the most popular products while alerting them automatically when stocks run low. All of this requires connectivity, and at a surface level IoT is a golden revenue opportunity for Telcos. With so many ‘things’ to connect, it makes sense that Telcos provide the baseline connectivity.

However, IoT works on narrowband connectivity, meaning it can operate without using telco infrastructure. It’s not enough for Telcos to simply provide the infrastructure. For the IoT opportunity to benefit Telcos, they need to develop a comprehensive innovation framework to take advantage of emerging opportunities and create new forms of value.

The building blocks of a reimagined telco business model

To meet the demands of a rapidly changing business and technology environment, many Telcos have bolstered their digital capabilities by appointing Chief Digital Officers. There is an inherent risk to this, however: if it is the prerogative of one person or line-of-business to manage and drive innovation, the telco is unlikely to reap the full benefits of an innovation programme. CEOs should encourage a culture of innovation by enabling all employees to contribute to the process, gaining input from all operational and enterprise teams to limit siloed thinking and do away with internal segregation.

Telcos should look specifically at implementing four key components to drive an effective innovation process, namely:
1) An innovation strategy that highlights how the telco wants to take advantage of emerging technologies such as IoT;
2) An understanding of the business models that would best support their customers’ objectives and approach to business;
3) An accurate and central system of records; and
4) A team of experts to ensure all components in the innovation engine work together seamlessly and effectively.

In one example, Zimabwe’s Econet works with trucking companies by leveraging IoT to collect information for insurance companies. A new business model in this context could include a partnership with the Zimbabwean government to feed data related to road conditions to the government to inform them of road issues and ensure adequate infrastructure maintenance is conducted.

The risk of a DIY mindset

Telcos have traditionally excelled at partnering with handset providers and some OTT players. Notwithstanding, there is an undeniable occasional tendency to take a “we-can-do-it-all” approach. In the context of the emerging technologies such as IoT, partnering strategically is essential to success. A Telco need not be a sensor manufacturer to benefit from IoT. Strategic partnerships with giants like Huawei and Samsung would make more sense. There is emerging a niche, nimble set of players that are competing with these established players in the sensor business. The world of IT is now transformed into a Sense-Compute-Actuate phenomenon. In this context Telcos should focus on their biggest asset – data – whilst forging strategic partnerships with hardware and software leaders to increase the pace of innovation.

By analysing customer data effectively, Telcos can help develop new business models that are tailor-made to the needs of the modern business environment. Companies such as GE Healthcare offer a glimpse at the possibilities: for every machine they connect in a rural hospital, GE Healthcare provides hospital management with connectivity and data on bed occupancy, day-to-day usage trends, and more, giving the hospital vital insights into its operations and creating opportunities for greater efficiency.

Telcos should work with software players as well – and this is where SAP offers immense value. Software companies have already made huge investments on practical, proven solutions to collect, analyse and process huge volumes of data. They can be considered as natural co-innovators in opportunities leading to new business models or revenue streams. SAP’s analysis shows that almost 76% of the world’s transactions touch our very own software systems deployed by clients globally. We see the digitization era bringing in a new set of opportunities to bring our vision of making the world run better and simpler a reality.

However, it is critical that Telcos move fast: major global tech firms such as Google, Facebook and Microsoft are all investing in new connectivity solutions for emerging markets. If they work, the Telcos will become even less essential to the success of these companies or the needs of their customers. If Telcos don’t invest in finding innovative ways of supporting these companies, they will simply do it themselves. The opportunity cost could run into trillions of dollars.

While African Telcos have been helped by the slow pace of smartphone adoption on the continent, this is likely to change as low-cost smartphones permeate the market. The availability of exponential technologies, increasing levels of customer sophistication, and the growing availability of broadband and alternative connectivity options are all putting pressure on Telco revenues. After 20 years of relatively manageable business conditions, Telcos are facing a far more competitive and disruptive business environment.

Right now, Telcos have the luxury of investing in innovation and reinventing their business models. The first gold rush is over. But there are more gold seams – from IoT to lifestyle services and more – offering greater revenue opportunities than ever before. It is critical that they heed the warning signs and find new ways of delivering value to businesses and consumers.

*  The author is Telco Industry Lead at SAP Africa

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 345,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably.
*
0
Read More
AFC & Harith launch power giant: Anergi Holdings Limited
December 14, 2017 | 0 Comments

 Africa Finance Corporation (“AFC“) and Harith General Partners (“Harith“), acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company, Anergi Holdings Limited (“Anergi” or the “Company“). Following a transaction initially signed in June 2016, all Conditions Precedent to the implementation of the merger have now been met, and the inaugural board meeting of the Company was held on 5 December, 2017.

Anergi is a holding company owning equity interests in seven (7) generation assets with a total of 1,786MW (gross) and 554MW (net) generation capacity across five (5) African countries. Anergi also holds near-term investment rights from its founding shareholders, to invest or acquire interests in new projects under development with a further 500MW capacity.

As of December 2017, Anergi owns long-term economic interests in a portfolio of assets diversified by geography and fuel type. These are the 350MW Kpone IPP tri-fuel power plant (Ghana), the 310MW Lake Turkana Wind Farm (Kenya), the 26MW Cabeolica Wind Farm (Cape Verde), the 90MW Rabai Heavy Fuel Oil power plant (Kenya), the 200MW Amandi Gas-fired power plant (Ghana), the 450MW Azura Gas-fired power plant (Nigeria) and the 300MW Kelvin IPP (South Africa). The future equity investment rights held by Anergi relate to other projects at advanced stages of development in Cote d’Ivoire, Djibouti, Nigeria and Mozambique.

Anergi’s sponsors intend for it to operate as a consolidated energy business focused on acquiring, owning and managing controlling interests in African electricity sector assets, commencing with the initially merged assets. The Company will also seek to consolidate its ownership interests in these assets, through mutually beneficial transactions with its existing co-shareholders. Anergi will commence work immediately towards securing a stock market listing on an international exchange at the earliest feasible date. From inception, Anergi will be the leading diversified electricity business operating in Africa.

At its inaugural board meeting, Andrew Alli (President and CEO of Africa Finance Corporation) was appointed Chairman of the Board of Directors of Anergi Holdings Limited, which is incorporated and domiciled in Mauritius. Other board members appointed include Tshepo Mahloele, Oliver Andrews, Alwyn Wessels, Sipho Makhubela and Fola Fagbule.

Andrew Alli said: “we are pleased that the Anergi transaction has come to a final close, and I look forward to working with the board and management to implement the strategy and achieve the operational goals of the business over the next few years”.

Tshepo Mahloele, Chairman of Aldwych Holdings Limited said: “we are excited about this merger and the next phase of growth for our African energy business. As we continue to implement our strategy of creating valuable and permanent operating platforms with significant technical and financial capabilities, Anergi Holdings Limited will be an important part of our future”.

0
Read More
Addis Ababa hosts the biggest finance event of 2017
December 14, 2017 | 0 Comments

The first ever ACCA (the Association of Chartered Certified Accountants) Africa Members’ Convention was held in Addis Ababa, Ethiopia, 6-8 December. The three-day event’s theme centered on: “The impact of socio-economic trends on the future of finance and business in Africa”.

The inaugural event saw significant and relevant issues facing the accountancy profession being discussed. Several influential and renowned finance and business leaders from across the continent were in attendance, including; Ambassador Mumba S. Kapumpa (Corporate Governance Expert, Zambia), Prof. Nii Quaynor, the father of the internet in Africa, Dr. Nigel Chanakira, Chairman Success Motivation Institute, Walter Muwandi, CEO CCG Systems, South Africa, Daniel Asapokhai, Executive Secretary, CEO of the Financial Reporting Council of Nigeria, Prof. Patrick Lumumba and South African public speaker – Vusi Thembekwayo amongst many others.

The ACCA President, Leo Lee and other council members were in attendance along with over 750 ACCA members from 31 countries. The highlight of the 3-day conference was the unveiling of the Member Wall to commemorate ACCA reaching a milestone of 200,000 members worldwide.

Jamil Ampomah, director of ACCA Sub-Saharan Africa remarked, “I am delighted that the ACCA Africa Member Convention was able to bring together the best and brightest of the African accountancy profession. This conference was a fantastic opportunity for finance professionals to share their insights and discuss the topical issues they face.

In times of change globally, which we are certainly seeing now, it is important for local and regional communities to come together and forge a positive and sustainable future. By addressing the future role and relevance of accountancy and finance in Africa, this event has enabled ACCA demonstrate its membership capacity, strength and expansive network across Africa and globally”.

The ACCA Africa Members’ Convention addressed critical issues on the future role and relevance of the professional accountant in Africa, the impact of the shifting paradigms of social expectations and the economic focus supported by rapid digital transformation. Some of the topics discussed at the convention included: Innovation and the role of the accountant in the fourth industrial revolution, Ethics in a digital world; Managing and navigating the new economy; and the future of the profession: opportunities across Africa.

Also discussed was ACCA’s groundbreaking research, “Professional Accountants- the future series”, which highlights digital transformation as a major driver of change impacting business, finance and the accounting profession over the next decade. Delegates agreed that a key aspect of promoting the industry is to understand the increasing expectations of stakeholders, and develop effective approaches and systems to deliver real value to them.

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,200 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com

*AMA

0
Read More
READERS OF GLOBAL TRAVELER HONOR SOUTH AFRICAN AIRWAYS AS “BEST AIRLINE TO AFRICA”
December 14, 2017 | 0 Comments

Fort Lauderdale, FL (December 13, 2017) – South African Airways (SAA), the national flag carrier of South Africa and Africa’s most awarded airline has been selected by the readers of Global Traveler in the U.S. as the “Best Airline to Africa” for the 14th consecutive year in their annual reader survey. The publication presented the award to SAA at a ceremony held on December 12, 2017, at The Peninsula Beverly Hills Hotel in Beverly Hills, California.

The magazine, whose readership consists of discerning, high-frequency travelers, polls readers and reports on their preferences in its annual survey that recognizes the best in business travel. SAA’s Premium Business Class service, with its fully flatbed seats, on-demand audio-visual entertainment system in every seat, an exclusive collection of South African wines and warm African hospitality played a key role in SAA winning the award. These service attributes are complemented by SAA and its regional partners offering an extensive route network in Africa providing business travelers with many choices when traveling to, from and within the continent.

“We are grateful that the readers of Global Traveler, who are true road warriors and expect nothing short of premier experience every time they fly, recognized SAA as the Best Airline to Africa,”said Todd Neuman, Executive Vice President – North America for South African Airways. “This award,which we have received for 14 consecutive years, is proof that business travelers recognize our employee’s commitment to excellent service, both on the ground and in the air, our competitively priced fares, and our comprehensive route network throughout Africa”.

“”Congratulations to South African Airways for yet another GT Tested Reader Survey awards win. For 14 consecutive years, our readers have agreed the airline is best in Africa, a true nod to SAA’s service and quality.” said Francis X. Gallagher, publisher and CEO of Global Traveler.

As the leading carrier from the U.S. to Africa, South African Airways offers the most flights with non-stop service from New York–JFK Airport to Johannesburg and daily non-stop service from Washington, DC-Dulles to Dakar, Senegal, or Accra, Ghana, with continued service to Johannesburg. From its hub in Johannesburg, SAA together with its regional partners SA Express, Airlink and Mango offer easy, convenient connections to more than 75 destinations throughout Africa. SAA’s awarding – winning premium Business Class offers 180 fully lie-flat seating with duvet and full-size pillows, gourmet cuisine designed by renowned South African celebrity chefs, a wine cellar featuring some of South Africa’s finest vintages and extensive programming of on-demand audio and visual entertainment.For further information on South African Airways product and services, please visit www.flysaa.com or for reservations call 1-(800) 722-9675.

0
Read More
African presidents draw strong consensus for inclusive growth at Africa 2017
December 13, 2017 | 0 Comments
President Abdel Fatah al-Sisi and African leaders pose for a photo in the second day of the Africa 2017 Forum on Friday- press photo

President Abdel Fatah al-Sisi and African leaders pose for a photo in the second day of the Africa 2017 Forum on Friday- press photo

Sharm-el-Sheikh, Egypt, 11 December 2017, -/African Media Agency (AMA)/- African presidents reached a strong consensus to focus on regional integration, inclusive growth and youth empowerment in order to achieve continued and sustained growth on the continent at the Africa 2017 Forum in Sharm El Sheikh, Egypt. President of Egypt Abdel Fattah Al Sisi hosted African heads of state and business leaders including President of the Republic of Guinea Alpha Condé, President of the Republic of Rwanda, Paul Kagame, President of the Republic of Côte D’Ivoire Alassane Ouattara, and President of Somalia, Mohamed Abdullahi Mohamed.

The business and investment Forum titled “Driving investment for inclusive growth” was convened to increase intra-African investments and cross-border collaboration. The message sent was that entrepreneurship and private sector would be the driving force to transform the continent. The Forum was preceded by a Young Entrepreneurs Day which brought together over 200 young African entrepreneurs who were meeting investors to pitch their businesses over the two days of the Forum. Al Sisi highlighted the importance of African youth, saying they should be the cornerstone of development plans in the continent as governments strive to promote innovation and technology.

The second edition of the Forum was another clear statement of intent from the Egyptian President, who, in his opening remarks, highlighted the strong bond Egypt has with the rest of the continent, saying it has always been a partner in African development. Putting Africa on the global map and paving the way for a prosperous future can be achieved by working harder to attract investment and collaborating more closely.

President of Rwanda, Paul Kagame, co-chair of the Young Entrepreneurs Day, reiterated the need for more urgency: “We cannot afford to waste opportunities because of unnecessary red tape and associated delays.” Citing the launch of the Tripartite Free Trade Area in Egypt in 2015, he added it was important that African leaders drive the institutional reform of the African Union in order to get the FTA fully operational.

Heba Salama, Director of the COMESA Regional Investment Agency, co-conveners of the Forum, in an emotional address reminded the young and the leaders in the room that if your dreams don’t scare you, they’re not big enough. This did not go unheeded by the entrepreneurs in the room many of whom had scaled up businesses that were ripe for take off.

Africa 2017 Forum is held under the high patronage of H.E. Abdel Fattah Al Sisi on 7th to 9th December 2017 in Sharm El Sheikh, Egypt, and is organized by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA).
The 2017 edition builds on the success of the inaugural Africa 2016, which saw participation of 6 Heads of State and more than 1,000 delegates from 45 countries. This year the programme has been enhanced with exclusive Presidential Roundtables with Africa leaders and CEOs as well as a Young Entrepreneurs Day
Africa 2017 remains the premier business platform to nurture new partnerships; meet investors and fast track your business objectives in Africa.
Take your place and belong in the conversation that will drive new projects, transactions and policy throughout the continent with global business leaders who will lead both dialogue and progress on some of the most important projects in Africa.

Omar Sakr is the founder and CEO of Nawah-Scientific. Omar graduated as a pharmacist in 2005 from Ain Shams University, Egypt, after which he was appointed as a teaching assistant in the department of Pharmaceutical Technology, at the German University of Cairo (GUC) where he got his MSc degree in 2009. Omar then started his PhD journey at the University of Geneva, Switzerland and got his doctoral degree in 2015. As a part of his studies Omar worked for 3 years as a researcher at Capsulution Pharma in Berlin (Germany). Omar’s research activities are focused on nanotech applications for controlled delivery of small molecules and biological drugs. To his name, Omar holds several scientific and business awards for innovative product design. He authored and co-authored several peer-reviewed articles and book chapters that are published in top journals in the field.
0
Read More
Egyptian young businessman Omar Sakr wins ‘elevator pitch’ at the Africa 2017
December 13, 2017 | 0 Comments
Press Photo - Minister of Higher Education and Scientific Research Khaled Abdel Ghaffar awarded CEO of Nawah-Scientific Omar Sakr the elevator pitch prize

Press Photo – Minister of Higher Education and Scientific Research Khaled Abdel Ghaffar awarded CEO of Nawah-Scientific Omar Sakr the elevator pitch prize

Sharm-el-Sheikh, Egypt, 11 December 2017, -/African Media Agency (AMA)/- Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research, Egypt, awarded Omar Sakr, founder and CEO of Nawah-Scientific, the winning prize for the “elevator pitch” competition, which was held at Africa 2017 at Sharm-el-Sheikh, in Egypt. The prize is an entry to a training programme at Stanford Business School in California, the spiritual home of modern day entrepreneurs.

The competition, as part of Young Entrepreneurs Day, offered a chance for African start-ups to gain exposure and raise their profile by pitching their business ideas to an international delegation of executives representing capital prospects, business mentors, and advisors. From over 100 start-ups and entrepreneurs, 18 were selected to make ‘elevator pitches’ – each 3 minute in length maximum – where these young business leaders had the stage to present their idea and opportunity, highlight their needs and generate new leads.

Minister Gaffer mentioned that Egypt understands the important role that entrepreneurship and young entrepreneurs play in job creation and inclusive growth. The government is creating favourable environment to facilitate this, he added.

“I am thrilled to have won this competition,” said Sakr, “There were some amazing start-ups here and I am pleased to have won the opportunity to go to Stanford for the business management exposure.” Nawah-Scientific is the first, private, multidisciplinary research center in Egypt catering for natural and medical sciences. Nawah’s online platform receives task requests from individual scientists or industrial clients, samples to be analyzed are picked up via a partnership with courier services, experiments are carried by high caliber scientists and finally results are sent back online to the client.

Young Entrepreneurship Day partners, were impressed with the calibre of competitors. The judges were, Ben White, Founder and CEO, VC4Africa, Obi Ejimofo, COO, Asoko Insights, UK, Heba Ali, Managing Director, Egypt Ventures, Egypt and Abdelhameed Sharara, Founder and CEO, RiseUp, Egypt

Africa 2017 Forum is held under the high patronage of H.E. Abdel Fattah Al Sisi on 7th to 9th December 2017 in Sharm El Sheikh, Egypt, and is organized by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA).
The 2017 edition builds on the success of the inaugural Africa 2016, which saw participation of 6 Heads of State and more than 1,000 delegates from 45 countries. This year the programme has been enhanced with exclusive Presidential Roundtables with Africa leaders and CEOs as well as a Young Entrepreneurs Day
Africa 2017 remains the premier business platform to nurture new partnerships; meet investors and fast track your business objectives in Africa.

Take your place and belong in the conversation that will drive new projects, transactions and policy throughout the continent with global business leaders who will lead both dialogue and progress on some of the most important projects in Africa.

Omar Sakr is the founder and CEO of Nawah-Scientific. Omar graduated as a pharmacist in 2005 from Ain Shams University, Egypt, after which he was appointed as a teaching assistant in the department of Pharmaceutical Technology, at the German University of Cairo (GUC) where he got his MSc degree in 2009. Omar then started his PhD journey at the University of Geneva, Switzerland and got his doctoral degree in 2015. As a part of his studies Omar worked for 3 years as a researcher at Capsulution Pharma in Berlin (Germany). Omar’s research activities are focused on nanotech applications for controlled delivery of small molecules and biological drugs. To his name, Omar holds several scientific and business awards for innovative product design. He authored and co-authored several peer-reviewed articles and book chapters that are published in top journals in the field.
0
Read More
Hitachi Vantara appoints new East Africa Regional Director
December 10, 2017 | 0 Comments
Wycliffe Selebwa

Wycliffe Selebwa

Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd, has appointed Wycliffe Selebwa as East Africa Regional Director.

As the Regional Director, Selebwa is tasked with working closely together with sales teams and other stakeholders to drive incremental revenue and market share in East Africa. He will also play an important part in helping clients to leverage Hitachi Vantara’s broad portfolio of solutions to influence business outcomes.

“This is an important chapter in Hitachi Vantara’s development as it strategically aligns its operations and strengthens its technology and IoT offerings, and we are confident that Wycliffe will be a valuable addition to the business as it moves forward,” says Alexander Jenewein, General Manager and Managing Director for Sub-Saharan Africa.

Prior to joining Hitachi Vantara, Selebwa held a Business Development role at Oracle. Before this he headed up Oracle’s Cloud Infrastructure sales team for almost five years. His 15 years of experience in the technology industry also includes a seven-year stint as Managing Director and Enterprise Business Lead at Hewlett Packard as well as two years managing Distribution for Microsoft in Southern and Eastern Africa.

He currently holds a degree in Public Administration and Economics from the Moi University in Kenya as well as a post-graduate diploma in Sales and Marketing from the Institute of Chartered Marketing in the UK.

“I am extremely excited to take on this new role with Hitachi Vantara and look forward to driving consistent and sustainable growth and profitability within the region. By focusing on helping customers to reap the full benefits of Hitachi’s entire solutions portfolio, I believe we can help them to exceed the expectations of both their customers and stakeholders,” The East Africa market boasts of tremendous growth in the IT space with all the vendors fighting for significant market share and growing their customer bases. Hitachi will capitalize on its broad products and solution portfolio to stay ahead of the pack says Wycliffe.

Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. We combine technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers’ experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. We work with organisations everywhere to drive data to meaningful outcomes.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges with our talented team and proven experience in global markets. The company’s consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others.
0
Read More
The 17th World Conference on Tobacco or Health (WCTOH) to be held for the first time in Africa where tobacco industry interference is endemic
December 8, 2017 | 0 Comments

By Wallace Mawire

Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus

Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus

Organisers of the 17th World Conference on Tobacco or Health (WCTOH)
) to be held in Cape Town, South Africa, on 7 to 9 March in 2018,
thave announced the attendance of WHO Director-General Dr Tedros
Adhanom Ghebreyesus, South Africa Minister of Health Dr Aaron
Motsoaledi and Michael R. Bloomberg, a leading actor on tobacco
control and WHO Ambassador for Noncommunicable Diseases.

For the past 50 years, WCTOH has been the premier international
forum on tobacco control and next year’s event – the first to be held
on the African continent – is expected to attract over 2000
researchers, scientists, civil society, healthcare professionals,
policymakers and media representatives from around 100 countries. It
is reported that tobacco use is the world’s leading preventable cause
of death killing more than 7 million people each year.

“This conference is being held at a critical time, both in the war on
tobacco and the drive to protect public health,” said WHO
Director-General Dr Tedros Adhanom Ghebreyesus.

“Countries have stepped up action to beat back the tobacco epidemic.
But more is needed. By embracing the Sustainable Development Goals,
governments have committed to promoting healthier and stronger futures
for their citizens. Tobacco control offers one of the surest ways to
achieve such ambitions.”

The theme of the conference is Uniting the World for a Tobacco-Free
Generation with an overarching focus on expediting progress to reduce
tobacco use in all populations around the world – using new research
and innovative approaches in public health, as well as powerful but
under-used policies, including tobacco taxation and those aimed at
preventing industry interference.

Michael Bloomberg will preside over the Bloomberg Philanthropies’
Awards for Global Tobacco Control during WCTOH. The awards recognise
leading organisations in low- and middle-income countries doing best
in class work on the most effective tobacco control policies,
collectively known as MPOWER measures: monitoring of tobacco use and
prevention policies,protecting people from tobacco smoke,offering help
to quit tobacco use,warning about the dangers of tobacco,enforcing
bans on tobacco advertising, promotion and sponsorship and raising
taxes on tobacco.

It is further added that while tobacco use is decreasing in many
countries, smoking rates in Africa are anticipated to rise
dramatically. By 2030 the number of smokers in the region is projected
to increase by 40 percent from 2010 levels, unless there is
significant intervention. Africa continues to be aggressively targeted
by the tobacco industry, as it represents an opportunity for
considerable market growth.

Dr Flavia Senkubuge

Dr Flavia Senkubuge

Dr Flavia Senkubuge, President of the 17th WCTOH and a specialist in
Public Health Medicine at the University of Pretoria, South Africa
said: “The developing world continues to be the most urgent
battleground for those working in tobacco control. We are delighted to
have the commitment of three such prominent public health champions at
the inaugural WCTOH conference to be held in the Africa region.”

Professor Harry Lando, Chair of the 17^th WCTOH organising committee
said: “We are confident that the high quality of the science being
presented in Cape Town will complement the advocacy around WCTOH – we
need both, if we are to make bigger strides in tobacco control,
especially in this part of the world.”

Some of the scientific highlights being featured at WCTOH include a
novel study around HIV and smoking in South Africa, e-cigarette use
and young people, and the impact of tobacco taxation and point-of-sale
changes on consumers.
The 17th World Conference on Tobacco or Health (WCTOH) is expected to
unite researchers, academics, non-governmental organisations, civil
society, scientists, healthcare professionals and public officials
working on all aspects of tobacco control from around 100 countries.

Convened by WCTOH’s Advisory Board, the Cape Town Consortium and the
Conference Secretariat (The Union), WCTOH is a call for a collective
resolution to fight tobacco use by working together and integrating
tobacco control into our health and development goals. Held every
three years, WCTOH is the premier international conference on tobacco
control.

It is reported that the conference theme – Uniting the World for a
Tobacco-Free Generation – recognises that tobacco control is a global
issue, crossing all geographic boundaries. The World Health
Organization’s Framework Convention on Tobacco Control (FCTC) stands
as the backdrop for the conference and for our global response to the
tobacco epidemic. It is the only internationally, legally-binding
health treaty of the 21st century. Only by coming together are we able
to create a tobacco-free generation.

The Union is the Conference Secretariat for WCTOH. The Union is a
global scientific organisation with the mission to improve health
among people living in poverty. We do that by conducting scientific
research, working with governments and other agencies to translate
research into better health for people around the world, and
delivering projects directly in the field. The Union is made up of a
membership body of people around the world who help to advance our
mission, and a scientific institute that implements public health
projects within countries. For close to 100 years, they have been
leaders in the fight against some of the world’s biggest killers,
including tuberculosis, lung diseases and tobacco use.

0
Read More
SureRemit targets 250 million immigrants with non-cash remittance service
December 8, 2017 | 0 Comments

By Wallace Mawire

. SureRemit, a global blockchain-based non-cash remittance service has
announced a token sale event to allow investors to contribute to
SureRemit and receive RMT tokens at a 40 % bonus.

A big argument for the potential of blockchain and cryptocurrencies
has been about how the revolutionary technology can impact the $600bn
cross-border remittance market. Several platforms are already enabling
cheaper and faster transfer of money using cryptocurrencies like
Bitcoin; however, a new product, SureRemit, is focusing on a
particular segment: non-cash remittances.

It is reported that there are over 250 million immigrants across
the world. A significant volume of money sent by these immigrants is
intended to serve specific needs of their friends and family at home
like food, clothing, utility bills and education. Senders utilize a
myriad of formal and informal channels to move money, but while there
have been improvements in recent years, the international money
transfer process is far from convenient.
Cash transfers are heavily regulated in order to prevent money
laundering, fraud and terrorist financing, so the systems and
intermediaries involved are forced to create elaborate compliance
processes that result in high fees and less-than-ideal transaction
flows. Furthermore, after sending money home, immigrants have no
control or visibility over the use of funds.

A new blockchain-based remittance service is being created to address
this. Immigrants all over the world with Remit tokens can purchase
digital vouchers that are redeemable for goods and services directly
from local merchants at their specified destinations. This
cryptocurrency removes the cash layer, reduces the cost of transfers
and provides the sender some control and visibility over how the value
is spent.

“International remittance transactions can be frustrating, but it
doesn’t have to be, at least for non-cash value transfers which
constitute about 40% of all transfers” said ‘Laolu Samuel-Biyi,
Director of Remittances at SureRemit. “In very many cases, immigrants
and travelers just want to buy food or pay a bill for someone at home.
Those transactions do not have the same risk profiles as cash
transactions, and they should not be subjected to the same costs,
timelines and procedures.”

Remit tokens are being issued in partnership with Stellar. The tokens
generated will be the primary tool for accessing digital shopping
vouchers, utility bill payments and mobile airtime services within the
SureRemit app. SureRemit already has access to over 500 redemption
points of major retail chains within the SureGifts merchant ecosystem
across Africa, with partnerships to acquire thousands of ecosystem
merchant partners in India and the Middle-East in the works. Expansion
into other major remittance corridors are planned for next year.

SureRemit is a platform for global non-cash remittances. Remit tokens
are being issued in partnership with Stellar. The tokens generated
will be the primary tool for accessing digital shopping vouchers,
utility bill payments and mobile airtime services within the SureRemit
app. SureRemit already has access to over 500 redemption points of
major retail chains within the SureGifts merchant ecosystem across
Africa, with partnerships to acquire thousands of ecosystem merchant
partners in India and the Middle-East in the works. Expansion into
other major remittance corridors are planned for next year. Pre-sale
token distribution begins December 8, 2017.

0
Read More
WorldRemit raises $40m to target 5 million customers in Africa
December 8, 2017 | 0 Comments
Series C funding round brings the total amount raised to $220m
Ismail Ahmed, founder and CEO at WorldRemit

Ismail Ahmed, founder and CEO at WorldRemit

JOHANNESBURG, South Africa, December 7, 2017/ — Leading digital money transfer service WorldRemit  has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.

As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as sending an instant message, using the WorldRemit app. Countries in Africa which now receive remittances through WorldRemit, will become send countries. Most importantly, the new service will make sending money within Africa faster, easier and low cost. According to the World Bank, inter-Africa transfers are amongst the most expensive in the world.

Money transfers to Africa account for more than half of WorldRemit’s total volume of transactions. The company currently handles 74% of remittances to popular mobile money services across Africa like MTN, Ecocash, Tigo Pesa, Vodafone M-Pesa and Airtel Money, making it the global leader in mobile-to-mobile international money transfers.

Ismail Ahmed, founder and CEO at WorldRemit, comments: “This new funding will fuel our growth, and help bring our service to millions more customers across the globe. Africa is a crucial market for us and over the next few years, we will expand our services so customers can send and receive with WorldRemit, getting the benefits of our fast, secure online service.” 

Since its last funding round in 2015, WorldRemit has launched 206 new services across the globe and has grown its transaction volume by 400%. Last month WorldRemit became Arsenal FC’s (www.Arsenal.com) first-ever online money transfer partner.

The Series C round was led by LeapFrog Investments (www.LeapFrogInvest.com) – a dedicated equity investor in emerging markets, supporting fast-growth firms that deliver social impact alongside commercial returns. The round also had significant participation from existing investors Accel (www.Accel.com) and Technology Crossover Ventures (TCV) (www.TCV.com).

Michael Liu, Regional Director, Asia-Pacific

Michael Liu, Regional Director, Asia-Pacific

This latest funding round follows a Series B investment raised from TCV in 2015 and a Series A from Accel and Project A in 2014 – then one of the largest ever Series A rounds in Europe.

WorldRemit (www.WorldRemit.com) was founded in 2010 by a UK-based entrepreneur from Somaliland, Ismail Ahmed, a remittance specialist and former compliance advisor to the United Nations. Personal experience of using money transfer agents convinced Ismail that technology could improve the sending process, enhance compliance and reduce costs to the customer.

In November 2017 WorldRemit became Arsenal FC’s first-ever online money transfer partner in a global sponsorship deal for all Premier League, League Cup and FA Cup games. In June 2017 WorldRemit added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to safely and securely send money to 130 million mobile money accounts accessible via its network.

WorldRemit has secured $220 million in funding backed by Accel and TCV – early investors in Facebook, Spotify, Netflix and Slack – and LeapFrog Investments.

WorldRemit’s global headquarters are in London, UK with offices in the United States, Canada, South Africa, Japan, Singapore, the Philippines, Australia and New Zealand.

LeapFrog (www.LeapFrogInvest.com) invests in extraordinary businesses in Africa and Asia. We partner with their leaders to achieve leaps of growth, profitability and impact. LeapFrog companies now operate across 33 markets reaching 111 million people with financial services and healthcare. Over 93.8 million of those are emerging consumers, often accessing insurance, savings, pensions, credit and healthcare for the first time. LeapFrog companies provide jobs and livelihoods to over 114,626 people. These companies have grown on average by 43.3 per cent per annum since LeapFrog’s investment. LeapFrog was recently named by Fortune as one of the top five companies changing the world, the first private equity firm ever to be listed.

Accel (www.Accel.com) is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Algolia, Avito, Cloudera, Crowdstrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Funding Circle, Kayak, QlikTech, Slack, Spotify, Supercell and WorldRemit are among the companies the firm has backed over the past 30 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn’t have a stereotype.

Technology Crossover Ventures (TCV) (www.TCV.com), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capital raised, TCV has invested in more than 200 technology companies over the last 20 years. Selected investments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance, GoDaddy, Genesys Software, HomeAway, Netflix, NewVoiceMedia, RealNetworks, Redback Networks, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE Media, and Zillow. TCV is headquartered in Palo Alto, California, with offices in New York and London

0
Read More
Rwanda Africa’s ‘City of Innovation’ to host conference on ‘Uniting Africa’
December 7, 2017 | 0 Comments

By Wallace Mawire

Rwanda's Paul Kagame and Chad's Idriss Derby displaying their copies of the African Union Passport

Rwanda’s Paul Kagame and Chad’s Idriss Derby displaying their copies of the African Union Passport

Next year Rwanda, one of Africa’s most technologically ambitious
countries, will take over the Chairmanship of the African Union. It
will also play host to eLearning Africa and the organisers are
predicting that it will be the biggest conference in the event’s
13-year history. They believe it could play a signinficant role in
pushing forward the African Union’s 2063 Agenda.

The conference, which is being jointly organised by ICWE GmbH and the
Rwanda Convention Bureau under the patronage of the Rwandan
Government, usually attracts well over 1,000 participants from all
over the world. They are not only teachers, academics and learning
experts, but political leaders, policy makers, investors,
technologists, business leaders and entrepreneurs too. The conference
will also be an occasion for an annual round table meeting of African
education and technology ministers.

In Rwanda, participants in eLearning Africa will have a chance to see
for themselves the achievements of an African government, which has
set about using technology to transform education. In 2014, the
Government signed an agreement to incorporate information and
communication technology into the country’s schools and colleges. The
benefits of “a new system of teaching that emphasises the use of
computers and internet to impart knowledge” are already starting to be
felt across the country. And now the Government is confident that by
2020 all schools in the country will have at least two smart
classrooms and all subjects will have been digitised.

eLearning Africa 2018 will take place from 26 to 28 September in
Rwanda’s capital city, Kigali, which has gained a reputation for its
ICT-based initiatives in a variety of sectors. So great is its
apparent enthusiasm for new technological solutions that some
observers have referred to it as the “Innovation City of Africa.”

In addition to its technological prowess, Kigali is also one of
Africa’s most attractive cities – eLearning Africa participants will
be able to take advantage of its bustling streets, ridges, valleys,
and lush hillsides, not to mention Rwanda’s world renowned Gorilla
trekking tours, only a short journey away.

“It is wonderful that Rwanda is now setting a real example for other
countries in technology-assisted learning and hosting a conference
whose theme is „Uniting Africa“, says conference organiser, Rebecca
Stromeyer. “l am confident that eLearning Africa 2018 in Rwanda will
be the biggest and most exciting eLA yet.”

Under the overall theme of “Uniting Africa,“ conference participants
will also discuss how the benefits of technology can be shared and
help to improve education across Africa, making a reality of the
African Union’s 2063 Vision of a “transformed continent.” A call for
papers has been issued and will remain open until 30 January 2018. The
organisers are looking for contributions on subjects including
“creating opportunities through education,” “boosting competitiveness
and ICT-centric growth,” “matching skills demand and supply,” and
“overcoming barriers.”

0
Read More
AfDB’s Leadership4Agriculture Forum Sets in Motion Strategies to Spur Africa’s Agricultural Transformation
December 7, 2017 | 0 Comments

ABIDJAN, COTE D’IVOIRE – December 6, 2017 – African Finance and Agriculture Ministers and private sector leaders convened for the African Development Bank’s first high-level convening of the Leadership4Agriculture (L4Ag) Forum to pave a way forward in spurring the continent’s agricultural transformation on November 28 in Abidjan, Cote d’Ivoire.

The invitation-only L4Ag Forum, supported by the Rockefeller Foundation and in collaboration with the Initiative for Global Development (IGD) and Grow Africa was held at the AfDB headquarters in Abidjan, Cote d’Ivoire. The event was held on the sidelines of the AU-EU Summit, which took place on November 29-30.

More than 150 public and private sector leaders gathered for dialogue, advocacy and policy action to drive Africa’s agriculture transformation on the theme, “Leadership for Agriculture: Moving African Policy to Action”. African Ministers from Cote d’Ivoire, the Republic of the Congo, Mali, Sierra Leone, Togo, Central African Republic, Seychelles, Ghana, Uganda, Gambia, and Chad were in attendance at the forum.

In a keynote address, Dr. Akinwumi A. Adesina, president of the African Development Bank, told forum attendees that, more than ever before, governments and private sector must work together to rapidly modernize agriculture in Africa to reach its full potential.

President Adesina challenged African agriculture leaders to become global food producers and move away from importing foods that the continent should be producing, emphasizing that Africa sits on 65% of the world’s uncultivated arable land.

African countries currently spend $35 billion annually on food imports and if current trends continue the continent will spend some $110 billion annually by 2030 on food imports. “There is absolutely no reason for Africa to be a food-importing region,” said Adesina. “Africa has huge potentials in agriculture, but nobody eats potential!”

The AfDB President encouraged African leaders to develop new agrarian systems that combine smallholder farmers with a dynamic generation of medium and large commercial farmers.

African Ministers and private sector leaders offer insights on the panel, “Agriculture Powering Africa’s Economic Transformation: Fueling Agro-industry and Agribusiness”

African Ministers and private sector leaders offer insights on the panel, “Agriculture Powering Africa’s Economic Transformation: Fueling Agro-industry and Agribusiness”

Mamadou Biteye, managing director of the Rockefeller Foundation Africa Regional Office, agreed, noting that “strong and decisive” leadership and partnerships are required to achieve a greater impact in ensuring Africa’s food security, creating jobs and mobilizing investments in the agriculture sector.

The Rockefeller Foundation conceived the Leadership4Agriculture Forum during its 2013 centennial celebrations, where an unprecedented gathering of finance and agriculture leaders from over 20 African countries convened to identify concrete ways to work together and strengthen African agricultural markets and value chains to benefit economies.

“African governments need to be talking and integrating action,” asserted Biteye. He implored governments to draw in the private sector, “so they cease shying away from the sector due to the perception of agriculture being risky, and make greater investment.”

Dr. Mima S. Nedelcovych, president and CEO of the Initiative for Global Development reiterated the essential role of the private sector in delivering fundamental change in the agriculture sector.

“Agriculture is a business,” said Nedelcovych. “For far too long, agriculture has been approached largely as a development issue, and Africa’s born- and bred private sector was not actively sought out to be part of the long-term strategy for their country’s agricultural transformation.”

IGD collaborated, in partnership with the AfDB and Rockefeller Foundation, in the planning, execution and outreach to the African private sector for the L4Ag Forum.

By bringing together private sector leaders with high-level African officials to drive action and growth in Africa’s agriculture sector, Nedelcovych said the forum aimed to push for a market-led approach to agriculture.

Moderated by BBC presenter Alan Kasujja, a panel of Ministers and private sector leaders discussed and put forth solutions and strategies on transforming Africa’s agriculture by improving the regulatory environment, enhancing access to improved agricultural inputs and commercializing agriculture during panel sessions.

The forum panel sessions — “Enabling the Business of Agriculture: Increasing Access to Agricultural Inputs to Enhance Productivity and Regulatory Reforms”and “Agriculture Powering Africa’s Economic Transformation: Fueling Agro-industry and Agribusiness” — were guided by recently-released reports by the World Bank’s 2017 Enabling the Business of Agriculture Report and the 2017 Africa Transformation Report by African Center for Economic Transformation (ACET).

Joost W. van Odijk of Grow Africa outlined to forum attendees the Country Agribusiness Partnership Frameworks or CAP-F, a tool that sets policy reforms in motion through cross-sectoral engagements to improve efficiency in the agribusiness value chains and to attract private sector investments.

During the public-private action roundtable sessions, African high-level government officials and business leaders reviewed policy and sub-indicators from the Comprehensive Africa Agriculture Development Programme (CAADP) and brainstormed their aligned interests and achievable goals in reaching policy indicators. The breakout sessions also explored investment opportunities in agribusiness ventures. CAADP is a policy framework for agricultural transformation, food security and nutrition, and advancing country-led economic growth in Africa.

Nedelcovych encouraged attendees to take the wealth of knowledge and bold strategies gained at the forum to build momentum for Africa’s agricultural transformation.

“There’s a tremendous opportunity to work together and deepen public-private sector collaborations and investment in agriculture to harness its full potential and contribute to accelerating the continent’s economic growth,” said Nedelcovych. “We all must be champions for agriculture!”

An action-oriented outcomes report highlighting forum sessions and actions from the public-private sector roundtables will be will be produced in early-January.

0
Read More
A borderless Africa? Not yet, but some countries open doors
December 7, 2017 | 0 Comments

By RODNEY MUHUMUZA*

FILE - In this Tuesday, Nov. 28, 2017 file photo, the crowd watch as Kenyan President Uhuru Kenyatta, center, and Deputy President William Ruto, center right, appear on a video screen at his inauguration ceremony at Kasarani stadium in Nairobi, Kenya. Citing the need to be "more integrated," Kenyan President Uhuru Kenyatta announced during his inauguration that the East African commercial hub will now give visas on arrival to all Africans. (AP Photo/Ben Curtis, File)

FILE – In this Tuesday, Nov. 28, 2017 file photo, the crowd watch as Kenyan President Uhuru Kenyatta, center, and Deputy President William Ruto, center right, appear on a video screen at his inauguration ceremony at Kasarani stadium in Nairobi, Kenya. Citing the need to be “more integrated,” Kenyan President Uhuru Kenyatta announced during his inauguration that the East African commercial hub will now give visas on arrival to all Africans. (AP Photo/Ben Curtis, File)

For years African leaders have toyed with the idea of free movement by citizens across the continent, even raising the possibility of a single African passport.

Now some African countries are taking bold steps to encourage borderless travel that could spur trade and economic growth on a continent in desperate need of both.

Kenyan President Uhuru Kenyatta announced during his inauguration last week that the East African commercial hub will now give visas on arrival to all Africans. That follows similar measures by nations including Benin and Rwanda.

“The freer we are to travel and live with one another, the more integrated and appreciative of our diversity we will become,” Kenyatta said.

The African Union continental body has cheered such steps, calling it the direction the 54-nation continent needs to take. “I urge all African states that have not yet done so to take similar measures,” AU Commission chairman Moussa Faki Mahamat said on Twitter after Kenya’s announcement.

Trade among African countries is at just 16 percent, while trade among European Union states is at 70 percent, Mahamat told AU trade ministers on Friday.

For a continent whose leaders often speak fondly of “African brotherhood” and once pondered the idea of a United States of Africa, the visa policies of many countries for many years suggested little progress in implementing the continent-wide, visa-free ideal advocated by the AU.

Africans can get a visa on arrival in 24 percent of African countries, yet North Americans, for example, have easier access on the continent, according to a 2017 report on visa openness by the African Development Bank. African Union figures show Africans need visas to travel to 54 percent of the continent.

Free migration of people across the continent would help in talent exchange as well as trade, said Ali Abdi, the Uganda chief of mission at the International Organization for Migration. Countries may have to invest more in border patrols but “the benefits far outweigh the costs, in my view.”

Kenya’s decision is a “good move and it’s progressive,” said Godber Tumushabe with the Uganda-based Lakes Institute for Strategic Studies. “It should have been done a long time ago.”

Change is coming, and not just in East Africa. While visiting Rwanda last year, Benin’s President Patrice Talon said his West African country would no longer require visas for other Africans. He said he was inspired by Rwanda, whose government started issuing visas on arrival to Africans in 2013 and recently announced that in 2018 citizens of all countries will benefit from the policy.

“We are happy that other African countries are opening their borders up for Africans to increase foreign investments,” said Olivier Nduhungirehe, a deputy foreign minister in Rwanda in charge of regional integration. Opening borders will spur economic prosperity for the entire continent, he said.

Some African countries are going visa-free by region first. Weeks ago, the Central African Economic and Monetary Community removed visa requirements for citizens of its six members.

Many African countries rely heavily on tourism for foreign currency. Kenya’s new visa policy was welcomed in a country where the threat by Islamic extremists based in neighboring Somalia has deterred some international travelers.

Offering visas on arrival to all Africans could attract the continent’s small but growing middle class.

“Visa-free travel for Africans into Kenya is a great move by the president and a strategic one for the tourism industry,” said Bobby Kamani, who runs the popular Diani Reef Beach Resort and Spa in the second-largest city, Mombasa. “The president’s bold move couldn’t have come at a better time when the tourism sector has experienced uncertainty and is now on recovery mode.”

Conflict and sharp income disparities in many countries are among other factors slowing the adoption of visa-free policies. Even the African Union passport, launched in July 2016 and given to some heads of state, is yet to be offered to citizens.

Some North African countries, notably Libya, struggle with a flow of impoverished African migrants trying to make their way to Europe. South Africa, one of the continent’s top economies, has seen a sometimes violent backlash against African immigrants amid fears about crime and the taking of jobs. Nigeria, Africa’s most populous country and another of its strongest economies, maintains visa requirements before arrival for many nations across the continent.

Still, many are hopeful for a borderless Africa and urge those regional leaders to follow Kenya’s lead.

“Is a new wind blowing across #Africa?” Wolfgang Thome, a tourism consultant who once led the Uganda Tourism Association, tweeted. “When will the last walls fall? #Nigeria we are waiting!”

*AP

0
Read More
Dangote: Only African in Bloomberg 50 list of year’s most influential people
December 5, 2017 | 0 Comments
Dangote’s contribution to the world this year revolves around his dynamic attention to lessen food imports into his own country and Africa’s largest nation, Nigeria
Aliko Dangote

Aliko Dangote

NEW YORK, United States of America, December 5, 2017/ — Aliko Dangote was honored last night at the Bloomberg 50 annual gala dinner at New York’s iconic Gotham Hall. Bloomberg’s list of 50 most influential names (http://APO.af/hCnHFd) who have had an impact on the world in 2017 included Dangote, Africa’s richest person, for his outstanding commitment of over $4B USD to increase Nigeria’s food production capacity.

Represented in New York by the CEO of his Foundation, Dangote was joined by electric car visionary Elon Musk; Saudi Crown Prince Mohammed bin Salmon; Beatrice Fihn, anti-nuclear weapons advocate and Nobel Peace Laureate; Amazon’s Jeff Bezos; Robert Mueller, special counsel investigating Donald Trump’s potential collusion with Russia; and Vitalik Buterin, whose invention of the cryptocurrency Ethereum is revolutionizing the new blockchain craze.

Dangote’s contribution to the world this year revolves around his dynamic attention to lessen food imports into his own country and Africa’s largest nation, Nigeria, by focusing on domestic production of sugar and dairy, with 500 million liters of Nigerian milk to be produced by 2019. Earlier this year he announced a $50B USD plan to invest in renewable energy.

“What sets The Bloomberg 50 apart from other lists is that each person chosen has demonstrated measurable change over the past year,” Bloomberg Businessweek editor Megan Murphy  said.

The event was emceed by actor Keegan-Michael Key, with a performance by Mandy Gonzalez of Broadway sensation “Hamilton.”

Dangote claimed another distinction at the Bloomberg 50; he was the only African.

0
Read More
Barclays Africa, China Development Bank sign agreement to cooperate on development projects in Africa
December 5, 2017 | 0 Comments
Barclays Africa will leverage the MoU to unlock opportunities in order to strengthen its contribution towards Africa’s economic growth and development
JOHANNESBURG, South Africa, December 5, 2017/ — Barclays Africa Group Limited (BAGL) (www.BarclaysAfrica.com) and China Development Bank (CDB) (www.CDB.com.cn) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa.

Given CDB’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities in order to strengthen its contribution towards Africa’s economic growth and development. Barclays Africa will also extract synergies from the CDB’s focus on inclusive finance to provide capital to SME’s and low income communities.

In addition, Barclays Africa and CDB will explore reciprocal training and development opportunities for their respective investment teams. In this regard, Barclays Africa has already hosted more than 30 employees from the CDB.

“This MoU represents a long-term commitment by senior leadership at Barclays Africa to strengthen our relationship with the world’s largest development finance institution, which has assets of over US$2-trillion. This partnership will unlock opportunities that are aligned to our Shared Growth approach and could facilitate positive socio-economic impact,” says Barclays Africa’s Corporate and Investment Banking (CIB) Co-Chief Executive, Temi Ofong.

Barclays Africa has a history of more than 100 years in Africa, with deep local and regional expertise. As one of the leading Pan-African banks on the continent, Barclays Africa’s in-depth understanding of local markets and sectors, coupled with a strong branch, ATM and customer networks, is well positioned to provide a unique value proposition to local, regional and global clients.

“Strengthening these kinds of relationships will help our Group identify opportunities aligned to our Shared Growth commitment to leave our communities better than we found them. As a Pan-African bank, Shared Growth gives our business an exciting opportunity to make a difference in our communities and to be part of shaping the collective futures of this great continent,” says Ofong.

The CDB was established in 1994 as a policy bank but now operates as a Development Finance Institution (DFI) for the Chinese Government. By 2017, CDB supported more than 500 projects in 43 African countries valued at USD 50-billion.

In 2016, China-Africa trade flow reached US$150-billion, making China, Africa’s largest trade partner for seven consecutive years.

Barclays Africa Group Limited (‘Barclays Africa Group’ or ‘the Group’) (www.BarclaysAfrica.com) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. As of June 2017, Barclays PLC is a minority shareholder in Barclays Africa Group.

Barclays Africa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. We are strongly positioned as a fully local bank with regional and international expertise. We are committed to Shared Growth, which for us means having a positive impact on society and delivering shareholder value.

Barclays Africa Group operates in 12 countries, with approximately 40 000 employees, serving close to 12 million customers.

The Group’s registered head office is in Johannesburg, South Africa and owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia. The Group also has representative offices in Namibia and Nigeria.

0
Read More
Egypt to host six Heads of State and Africa’s leading Chief Executive Officers at the Africa 2017 Forum
December 5, 2017 | 0 Comments
Over 100 speakers and 1,500 delegates to discuss regional integration and job creation in Africa
CAIRO, Egypt, December 5, 2017/ — President Abdel Fattah Al Sisi will be hosting six African heads of state at the Africa 2017 Forum (www.BusinessForAfricaForum.com) that will take place this week in the picturesque beach resort of Sharm El Sheikh, Egypt. The President of Guinea, current chair of the AU, will be joining the Forum as well as the Presidents of Chad, Rwanda, Côte d’Ivoire, Comoros and Somalia. The Vice President of Nigeria is also expected as is the Prime Minister of Mozambique. The Forum will start with a Young Entrepreneurs Day, with 50 of Africa’s leading start-ups in funding and partner pitches.

This business and investment Forum, whose theme is “Driving investment for inclusive growth’, has been convened to increase intra African investments and cross border collaboration. Egypt in 2015 hosted the signing of the tripartite agreement between the three regional economic communities SADC, COMESA and the EAC, and the Forum has been designed for African business leaders to play a greater role by investing in opportunities throughout the continent.

The first edition of the Forum took place in February 2016. This year the programme has been enhanced to include 2 exclusive Presidential Roundtables, where these business leaders will openly discuss policy with the African presidents present to help create a more conducive business environment, in addition to immense investment and business opportunities available in the continent. Youth and entrepreneurs will also play a prominent role. Over 50 of the continent’s brightest and most promising entrepreneurs have been invited to showcase their businesses and will be presenting them to investors and funds in a Deal room curated by Asoko Insights.

The Forum is being organised by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA). Speaking ahead of the Forum, Dr. Sahar Nasr, Minister of Investment and International Cooperation of Egypt stressed the importance of greater intra-Africa collaboration: “Intra-Africa trade is a valuable component of Africa’s and Egypt’s economic growth strategy,” she said. “For Egypt’s growth strategy, Intra-Africa trade remains a valuable component. Despite European and North American markets dominating Egypt’s trade activities, we have proximity to African markets as well as trade agreements with African nations. The markets where Egypt has seen an increase in its trade include North Africa, specifically Morocco, East Africa, specifically Kenya, South Africa and Sudan.”

Heba Salama, head of RIA, highlighted the responsibility of the private sector to devise innovative solutions. “The private sector can play an important role in filling in the US $93bn infrastructure gap. Manufacturing is another important sector where private sector support is needed. McKinsey Global Institute estimates that Africa could double its manufacturing output in 10 years, which could ultimately create between 6 million and 14 million stable jobs and boost African GDP growth.”

The Forum will take place between the 7-9th of December. The speakers feature some of Africa’s leading CEOs and policy makers, including Isabel dos Santos, Chairperson of Unitel Angola, Daniel Matjila, CEO, Public Investment Corporation, Dr. Ahmed Heikal, Founder of Qalaa Holdings, Tony Elumelu, Chairman of UBA, Vera Songwe, Executive Secretary of United Nations Economic Commission for Africa (UNECA).

Africa 2017 Forum (www.BusinessForAfricaForum.com) is held under the high patronage of H.E. Abdel Fattah Al Sisi on 7th to 9th December 2017 in Sharm El Sheikh, Egypt, and is organized by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA).
The 2017 edition builds on the success of the inaugural Africa 2016, which saw participation of 6 Heads of State and more than 1,000 delegates from 45 countries. This year the programme has been enhanced with exclusive Presidential Roundtables with Africa leaders and CEOs as well as a Young Entrepreneurs Day.
Africa 2017 is one of the premier business platform to nurture new partnerships; meet investors and fast track your business objectives in Africa.

0
Read More
BUSINESS TRAVELER MAGAZINE NAMES SOUTH AFRICAN AIRWAYS THE BEST IN AFRICA
December 5, 2017 | 0 Comments

SAA recognized as “Best Airline in Africa” and “Best Business Class to Africa”
Fort Lauderdale, FL (December 5, 2017) – South African Airways (SAA), the national flag carrier of South Africa and Africa’s most awarded airline is proud to be the recipient of two of Business Traveler Magazine’s prestigious Best in Business Travel Awards for 2017. Being honored for the 9th consecutive year as “Best Airline in Africa” and the 8th consecutive year as “Best Business Class to Africa” by the readers of Business Traveler is a continued affirmation of SAA’s long-standing position as the preferred carrier for business travel to the continent.

“We are thrilled to have earned these two awards from Business Traveler, a publication whose readers know the very best in travel,” said Todd Neuman, Executive Vice President for South African Airways in North America. “It is a tremendous honor to be named their favorite airline to the African continent for so many years. All of us at SAA will continue to work hard to earn their support and accolades by offering the most convenient schedules and unsurpassed service on our flights to Africa.”

“The business traveller has absolutely taken center stage,” noted Dan Booth, editorial director of Business Traveler Magazine. “Today’s business travel community – empowered by technology – is an ever-expanding platform for new products, new ideas, and new opportunities. For our readers to pick your company as the Best in Business Travel means you have connected with them in a meaningful and innovative way. And your most sophisticated and demanding customers are recognizing you for it.”

As the leading carrier from the U.S. to Africa, South African Airways offers the most flights with non-stop service from New York–JFK Airport to Johannesburg and daily non-stop service from Washington, DC-Dulles to Dakar, Senegal, or Accra, Ghana, with continued service to Johannesburg.From its hub in Johannesburg, SAA together with its regional partners SA Express, Airlink and Mango offers easy, convenient connections to more than 75 destinations throughout Africa. SAA’s awarding –winning Premium Business Class offers 180 fully lie-flat seating with duvet and full-size pillows, gourmet cuisine designed by renowned South African celebrity chefs, a wine cellar featuring some of South Africa’s finest vintages and extensive programming of on-demand audio and visual entertainment.

For further information on South African Airways product and services, please visit www.flysaa.com or for reservations call 1-(800) 722-9675.

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

 

0
Read More
Senegal’s sports minister Matar Ba aiming for the World Cup semi-finals
December 5, 2017 | 0 Comments
Senegal's sports minister Matar Ba believes the Teranga Lions can reach the last four at the 2018 World Cup

Senegal’s sports minister Matar Ba believes the Teranga Lions can reach the last four at the 2018 World Cup

Senegal’s sports minister, Matar Ba, says the Teranga Lions are aiming to do better than any other African nation at the World Cup and reach the semi-finals next year.

In Russia, Senegal are in Group H along with Poland, Colombia and Japan.

In 2002, at their first ever World Cup, Senegal made it to the quarter-finals.

“We have to have our objectives – those objectives are to get to the second round and do better than in 2002,” Ba told BBC Sport.

“The semi-finals are achievable because today football is not about being European or African or American – football is global,

“You look at the biggest championships in the world – in England in Italy, everywhere – there are Senegalese playing and they are in the teams. So we can rival any of the teams.

“We won’t underestimate any of these teams because all 32 teams who are there have won through the qualifiers and so we have to respect them and we have to take them seriously.”

Senegal will begin their Group H campaign against Poland on 19 June in Moscow before they play Japan on 24 June and finally Colombia four days later.

Ba refused to be drawn into making comparisons between the current team and the squad that play in South Korea and Japan in 2002.

“It’s not the same – we can’t compare them,” he said.

“Each generation does its work and this generation want to do better than the team of 2002.

“We have a great team and we have Senegalese coach and we are going to prepare well for a good performance.

“We are ambitious but we are also reasonable and so we are going to set obtainable objective.”

Ba admitted they may not now much about their opponents at the moment but added that can easily be changed.

“Nothing can be hidden these days with the internet. We can see everything we can analyse Colombia’s matches and all the others,” he pointed out.

*Culled from BBC

0
Read More
Peace diamond: Precious stone fetches $6.5m in New York
December 5, 2017 | 0 Comments

A giant 709-carat diamond unearthed in Sierra Leone has sold at auction in New York for $6.5m (£4.8m).

Laurence Graff, chairman of Graff Diamonds, won the precious stone – nicknamed the “peace diamond” – in bidding on Monday.

Half of the proceeds, $3.8m, will be used to fund infrastructure projects to benefit the community of the small village where it was discovered.

The Sierra Leone government rejected a bid of $7.8m at an earlier auction.

The government is now expected to use the money raised to improve conditions in the village of Koryardu, including the introduction of a fresh supply of water, electricity, roads, medical care and the building and maintenance of schools.

“The Peace Diamond bought by Laurence Graff will change lives even though it’s a shame the diamond hasn’t sold for a wildly expensive price,” the managing director of 77diamonds.com, Tobias Kormind, said.

The earlier bid of $7.8m was rejected by the government when the stone was initially auctioned in Freetown, after it said that the figure was too low.

The “peace diamond”, said to be the 14th largest recorded diamond in the world, was handed to the Sierra Leone government in March after it was unearthed by Emmanuel Momoh, a Christian pastor.

Mr Momoh told the BBC’s Newsday programme before the auction on Monday that selling the diamond to middlemen would not have “benefited the community”.

“We lack a lot of things. We don’t have a good road network … or drinking water,” he added.

The sale of the diamond was handled by Rapaport Group, which waived all charges.

The group’s chairman, Martin Rapaport, told Newsday that the sale could bring about a “sea change in the relationship between artisanal miners and the government” if the community is seen to benefit.

“It will encourage others to work with the government,” he said.

*BBC

0
Read More
HEINEKEN lays the foundation stone of its first brewery in Mozambique
December 4, 2017 | 0 Comments
HEINEKEN makes $100 million investment
AMSTERDAM, Netherlands, December 4, 2017/ — HEINEKEN (www.theHEINEKENcompany.com) today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry.

This new brewery, incorporating the latest technologies, represents a $100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene and Manhiça districts, the brewery will have a production capacity of 0.8 million hectoliters and will brew high quality beers for the domestic market. The first bottle of beer is expected to come off the production line in the first half of 2019.

HEINEKEN Mozambique started its activities in 2016 through a sales and marketing office, importing international beers including Heineken®, Amstel, Amstel Lite and Sagres in the country to offer more choice to Mozambican consumers. The construction of HEINEKEN’s very first brewery is a major step forward for the company’s presence in the country.

With this significant investment, HEINEKEN Mozambique is expected to create 200 direct jobs and support additional indirect jobs through its entire value chain.

Aligned with the HEINEKEN ambition of sourcing 60% of its agricultural raw materials in Africa by 2020, HEINEKEN Mozambique will explore the possibility of locally sourcing the raw materials it will need to produce its beers. One of the objectives of this project will be to improve crop yields as well as the capabilities and living standards of Mozambican farmers, contributing to the economic development of the country.

Boudewijn Haarsma, HEINEKEN International’s Managing Director East & West Africa, stated: “We are delighted to enter Mozambique, where we see promising long-term economic perspectives. The project is progressing well thanks to the support of the Mozambican Government and its commitment to bring investments into the country. Investing in a new market like Mozambique supports HEINEKEN’s ambition to expand its footprint and be the number one or a strong number two in all markets in which it operates. With our extensive experience and existing business in Africa, we also aim to be a partner for growth today in Mozambique as we already are throughout the continent. I am convinced our presence will contribute to the economic and social development that is already under way in Mozambique.”

Nuno Simes, HEINEKEN Mozambique’s General Manager said: “With HEINEKEN’s passion for quality, our new brewery will deliver high quality beers to Mozambique according to the international standards of the HEINEKEN Company. We look forward to continue to provide enjoyment to Mozambican consumers with our brands.”

HEINEKEN (www.theHEINEKENcompany.com) is the world’s most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 250 international, regional, local and speciality beers and ciders. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through “Brewing a Better World”, sustainability is embedded in the business and delivers value for all stakeholders. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We employ over 80,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is available on HEINEKEN’s website: www.theHEINEKENcompany.com

0
Read More
Sierra Leone Parliament Ratifies Key Bumbuna II Project Documents
December 4, 2017 | 0 Comments
This marks another important milestone in the development of the Bumbuna II hydropower project which, when completed, will provide much-needed all-year round power to Sierra Leone
LONDON, United Kingdom, December 4, 2017/ — Following on from the Government of Sierra Leone’s signing of the 25-year Power Purchase and Implementation Agreements with Joule Africa (www.JouleAfrica.com) in August 2017, these important project documents have now been ratified by the Sierra Leone Parliament. This marks another important milestone in the development of the Bumbuna II hydropower project which, when completed, will provide much-needed all-year round power to Sierra Leone.

Under the conditions of the agreement, local project company Seli Hydropower, jointly owned by Joule Africa and its local partner Energy Services Company (ESCO), will build an extension to the existing 50 MW hydro station, Bumbuna I, situated in the north east of the country, adding a further 143 MW of power capacity. Construction on the extension is anticipated to start in the second half of 2018 with operations forecast to start four years later. Seli Hydropower, will be responsible for building, owning and operating Bumbuna II and will also be responsible for operating Bumbuna I.

Commenting on this announcement, Patrick Beckley, Chairman of Seli Hydropower, said:

“We would like to thank the Government of Sierra Leone for their ongoing support and in maintaining their commitment to the Bumbuna II project ahead of General Elections in early 2018. I am delighted that we received approval for ratification in Parliament with no exemptions –  a clear indication that there is unanimous cross-party support for this project.”

“The development of Bumbuna II has always been a key part of the country’s long-term energy strategy and we look forward to being able to deliver affordable, all-year round power for the consumers of Sierra Leone.”

Andrew Cavaghan, Joule Africa’s Chairman and a Director of Seli Hydropower, added:

“I am pleased that we have reached another important milestone in the development of the Bumbuna II project. We are making good progress on all fronts and will look to build on this momentum in the coming weeks and months as we continue to consult with interested parties, appoint a contractor and finalise the relevant financing.”

The Bumbuna II hydropower project is Sierra Leone’s largest infrastructure project and is a key part of the Government of Sierra Leone’s long term Energy Plan.
Bumbuna II will be located 200km from Freetown on the Upper Seli River in North East Sierra Leone.
The project involves building an extension to the existing 50 MW Bumbuna I facility.
When complete, Bumbuna II will add 143MW of new capacity and will provide Sierra Leone with a minimum of 80MW of reliable, all-year round affordable electricity.

Joule Africa (www.JouleAfrica.com) is a developer owner-operator of sustainable power projects across Africa. In addition to Bumbuna II, Joule Africa is developing Kpep, a 485MW hydro project in Cameroon, while considering various options for its third project.
Joule Africa puts sustainable development and transparency at the heart of its business practice. The company works closely with all of its stakeholders to create infrastructure assets that will generate long-term value and is dedicated to working closely with Governments to help deliver projects that complement existing plans for social and economic development.

0
Read More
Gambia gets new homeland security minister after Fatty sacking
December 4, 2017 | 0 Comments

By Kebba Jeffang

Mai Fatty

Mai Fatty

The Gambian President Adama Barrow has appointed a replacement for a key coalition member Mai Ahmad Fatty as Interior Minister following his unexplained sacking in November.

The new Minister was officially disclosed on Monday, December 4th as Habib Saihou Drammeh. With no background in security as per the content of the statement from the presidency, Drammeh becomes the first replacement as a minister for Barrow’s administration that just celebrated one year last Saturday.

He is due to take oath of office on December 6th to officially commence carrying out his responsibility.

Barrow after dismissing Fatty told journalists that the decision was in the best interest of the country. However, he refused to tell why he took the decision.

Mai is the first Minister to be relieved as a cabinet member by the President. He too has been quiet about his removal.

This was one of the most criticized decisions of Mr. Barrow by the Gambians with many describing it a ‘betrayal’ towards one of the key members of the coalition government.

While serving as Interior Minister, Fatty suspended the issuance of National Identity Cards as well as the production of non-ECOWAS Passport. He is undoubtedly one of the most controversial ministers in the cabinet.

0
Read More
Acting Assistant Secretary Yamamoto Travel to Somalia, Kenya, Ethiopia, London, and Rwanda
December 4, 2017 | 0 Comments
Acting Assistant Secretary of State for African Affairs Donald Yamamoto

Acting Assistant Secretary of State for African Affairs Donald Yamamoto

On December 4, Acting Assistant Secretary of State for African Affairs Donald Yamamoto attended the Somalia Security Pact Review in Mogadishu.  The meeting was chaired by President Farmaajo and provided the opportunity for stakeholders invested in Somalia’s security and stability to discuss the development of Somali security institutions.

Following the Somalia Security Pact Review, the Acting Assistant Secretary will travel to Nairobi, Kenya from December 4-6, where he will meet with representatives of the Kenyan government, as well as with Kenyan civil society.  The visit will encourage all sides in Kenya to participate in a national dialogue following the presidential election.

In Addis Ababa, Ethiopia, the Acting Assistant Secretary will meet with senior leaders of the Ethiopian government and of the African Union from December 7-9.  In addition to continuing discussions on bilateral issues between the two countries, he will talk with both Ethiopian government and AU officials about regional concerns, including food security, peacekeeping and refugee matters.

In London, Ambassador Yamamoto will participate in the twice yearly gathering of P3 Africa Directors meeting on December 11-12 to discuss current policy issues with defense and development colleagues from France and the UK.

Ambassador Yamamoto will then travel to Kigali, Rwanda on December 13-14, where he will meet with President Kagame ahead of his term as President of the African Union.

*Courtesy of US State Department

0
Read More
Statement from the Archbishop Tutu Fellows to African Heads of State and the International Private Sector, Civil Society and Multilateral Organisations on the Great Stain of Slavery in Libya
November 30, 2017 | 1 Comments
Slavery in Libya is a crime against humanity and immediate action is required by all stakeholders, including African governments
JOHANNESBURG, South Africa, November 30, 2017/ — Statement from the Archbishop Tutu Fellows to African Heads of State and the International Private Sector, Civil Society and Multilateral Organisations on the Great Stain of Slavery in Libya:

Your Excellencies, leaders of private sector and civil society organisations, policy makers at the United Nations and the African Union and fellow Africans,

Slavery in Libya is a crime against humanity and immediate action is required by all stakeholders, including African governments, to put an end to this outrageous practice and hold responsible parties accountable.

There are three Great Stains on humanity; War, Genocide and Slavery.

They are the Great Stains not only because they are the fertile soil for many other debasing evils; they are Great Stains because they are assaults and crimes against humanity.

The prevalence of war, genocide and slavery historically is by no means the measure by which we as humanity can accept such behavior as normative, then or now.

Slavery has spawned intergenerational social and economic disruption to the Continent of Africa and other areas; and has stolen the liberties and lives of people for the commoditization of their bodies against their will.

The slave trade is a crime against Humanity.

It is abhorrent to humanity.

It is monstrous.

It is an assault on the dignity of all.

Slavery can and must be stopped.

We, Archbishop Tutu Fellows, call upon the United Nations Security Council and its related organs to urgently declare the practice of Slavery – particularly in Libya- a threat against humanity and to work closely with civil society and member states to arrest the slave trade and create an effective punitive framework to combat against the slave trade globally.

We call upon the Africa Union to demonstrate continental leadership in aggregating national voices on ensuring slavery remains a historical footnote.

We call upon all African heads of State to take action to hold each other accountable, and to engage with other states beyond the continent who can make a contribution toward eradicating the Slave trade, and to stanch the capital flows and lack of consequence which makes this vile economy thrive.

We call upon businesses invested in countries such as Libya- which have failed to abide by the unwritten laws of humanity- to divest and support the removal of the Great Stain.

We call upon the NGO community invested in the fight against human trafficking, forced labor, involuntary migration, social justice and the betterment of the planet to support the removal of the Great Stain.

We call upon all Africans, in particular the nations of the African North, to support the removal of the Great Stain in all its forms.

We call upon the instruments of justice– national and international- to charge beneficiaries of the slave trade as Enemies of humanity.

As Archbishop Tutu Fellows and as Africans, we request the following immediate course of action:

  1. All African countries to recall their ambassadors and diplomatic representatives from Libya, as some have already done.
  2. Appropriate, responsible and action-oriented responses from the countries of origin of our enslaved African brothers and sisters in Libya, with a clear request for support from the international community where needed.
  3. Firm action against Libya from the African Union, of which the country is a member, such as suspension from the multilateral organization once investigations have been concluded.
  4. Other African countries to follow Rwanda’s lead and accept African brothers and sisters who are caught in the slave trade in Libya, and pan-African support for these African host countries.

As a network of more than 300 emerging young African leaders, we, the Archbishop Tutu Fellows, are willing and able to assist where such assistance is needed. We are deeply aware that it is pertinent upon the conscience and humanity of every member of the international community to act against the evils to which our fellow human beings are subject to in Libya. The urgency of the situation is such that we need to act now. Our ancestors fought slavery over hundreds of years and we cannot bear witness to its evils today and do nothing.

The Archbishop Tutu Fellows, of the African Leadership Institute (https://ALInstitute.org), are a diverse group of leading professionals from 42 African countries working at the forefront of positive change on the African continent and representing various sectors  – civil society, government, business, the arts, education, healthcare,  media and more. Tutu Fellows have undergone the Institute’s flagship programme, the Archbishop Tutu Leadership Programme, which is widely considered the premier leadership training programme on the continent. The goal of the programme is to impact the future of Africa through building and nurturing the capability of future leaders of the continent, drawing upon the globally-respected leadership values of ther Patron, Archbishop Desmond Tutu. Since the inaugural class of 2006, the network now boasts 300+ Tutu Fellows.

0
Read More
Sky captain Gyan: Soccer star to launch ‘Baby Jet’ airline
November 30, 2017 | 0 Comments

By Kieron Monks*

(CNN)Ghana’s record goalscorer has traveled the world over the course of his career.

during the 2010 FIFA World Cup South Africa Group D match between Serbia and Ghana at Loftus Versfeld Stadium on June 13, 2010 in Pretoria, South Africa.

Asamoah Gyan left his homeland as a teenager and took the scenic route around Europe playing in France, Italy, and England, before taking a detour via China and the United Arab Emirates, and then arriving at his current club Kayserispor in the Turkish Super League.

Gyan has also clocked up the air miles at international level, making 105 appearances for Ghana encompassing three World Cups.
The Black Stars skipper, 32, is now contemplating life after the game. Fittingly, he is planning a career in the travel industry.
The President of Ghana Nana Akufo-Addo recently announced that Gyan has been granted a license to operate an airline, which will carry his nickname – ‘Baby Jet’.
The new carrier is expected to launch in 2018, beginning with domestic flights before progressing to international routes.
The announcement bought new scrutiny and pressure to the venture, but Gyan was thrilled to have recognition from his president.
“It’s a special honor that the president announced my business and it is positive pressure,” he tells CNN. “All business is a risk and I am ready.”
Gyan has been pursuing the idea for several years after advisers identified aviation as sector with rich potential. Passenger numbers in Ghana have shown strong growth which is expected to continue and accelerate in the coming years.
“I conducted research with my team and we identified business opportunities,” he says. “The airline idea started from 2012 but I waited for the right time and I believe Ghana’s economy is now expanding in many areas (including) the aviation industry.”
Gyan scores against Germany at the 2014 World Cup.

during the 2014 FIFA World Cup Brazil Group G match between Germany and Ghana at Castelao on June 21, 2014 in Fortaleza, Brazil.

The striker says his motivation is a mix of personal and patriotic: “A desire to help my country, to create more jobs, and also to have a good life after football.”

Gyan expects to face new challenges in the aviation industry, but he believes that skills acquired on the pitch will prove transferable.
“I have learned a lot throughout my career,” he says. “Leadership, determination, commitment, perseverance and mental toughness will come into play.”
However, there is one new skill that the soccer star is determined to pick up.
“I will learn how to pilot,” he says. “Hopefully it will become a part time job.”
Should all go to plan, passengers could soon have Ghana’s top scorer wishing them a pleasant flight.
*Culled from CNN
0
Read More
House Arrest OK’d for Ex-Diplomat Awaiting Corruption Trial
November 29, 2017 | 0 Comments

By ADAM KLASFELD*

Cheikh Tidiane Gadio is highly respected in his native Senegal and across Africa,and  was instrumental in the forging of close ties between the USA and Senegal in the fight against terrorism

Cheikh Tidiane Gadio is highly respected in his native Senegal and across Africa,and was instrumental in the forging of close ties between the USA and Senegal in the fight against terrorism

MANHATTAN (CN) –  U.S. prosecutors lobbied unsuccessfully Monday to ensure the pretrial detention of former Senegalese diplomat awaiting a New York corruption trial.

Once deeply involved in U.S. peacekeeping and anti-terrorism efforts in Africa following the 9/11, Senegal’s former foreign minister Cheikh Gadio was arrested just over a week ago in connection to a three-year bribery scheme.

Alleging violations of the Foreign Corrupt Practices Act, prosecutors say 61-year-old Gadio helped Hong Kong-based businessman Patrick Ho funnel $2 million to Chad President Idriss Deby to help tap the nation’s vast oil reserves.

Though a federal magistrate granted Gadio a $1 million bail package, the government contended at a hearing Monday that Gadio should be considered a flight risk since America has no extradition treaty with Senegal.

“People flee, and they flee for rational reasons,” Assistant U.S. Attorney Daniel Richtenthal said this afternoon.

U.S. District Judge William Pauley III found house arrest under GPS monitoring enough to ensure Gadio’s appearance at trial.

“He’s going to be confined to his home in Maryland,” Pauley ruled.

Defense attorney Sean Hecker said Gadio’s reputation in the international community would be enough to ensure his appearance in court.

“This is a man of honor, a man of deep and well-deserved reputation,” said Hecker, from the firm Debevoise & Plimpton.

A West African nation roughly the size of South Dakota, Senegal has been a key U.S. partner in the fight against terrorism.

Former U.S. Secretary of State Colin Powell heralded Gadio’s leadership on the issue the year after the 9/11 attacks.

“Senegal took a strong position against terrorism in the wake of the Sept. 11, 2001 terrorist attacks against the U.S., and in October 2001 hosted a conference establishing the African Pact Against Terrorism,” a U.S. State Department noted in 2002 press briefing.

WikiLeaks also published a cable in which former ambassador Janice Jacobs emphasized senegal’s outsized peacekeeping role in a region rife with conflict.

“Despite high rates of poverty and illiteracy, Senegal retains a high degree of political stability and coherence thus enabling GOS to be a diplomatic player on a continent replete with conflicts,” the Nov. 8, 2006, cable said. “With U.S. training and assistance, Senegal has also become one of the world’s top ten contributors of peacekeepers.”

Gadio has not formally entered a plea, but his attorney made clear the diplomat will dispute the charges against him.

“The facts will come out,” Hecker said. “We’ll have the chance to tell our side of the story.”

Although he lived in Ohio for a decade, Gadio will await trial with his wife and children in Maryland. Hecker said that his wife works for the United Nations, where she is stationed in Equatorial Guinea.

Prosecutors say Gadio’s bribery scheme lasted from 2014 to this year, well after his tenure in Senegal from 2000 and 2009. Before his arrest earlier this month, Gadio posed for smiling photographs shaking hands both with Powell and former U.S. Secretary of State Hillary Clinton.

*Culled from Court House News

0
Read More
1 159 160 161 162 163 168