Côte d’Ivoire marks the pilot launch of the digital bank
ABIDJAN, Ivory Coast, March 16, 2018/ — Standard Chartered Bank (www.SC.com) today announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire.
Mr. Bruno Nabagné KONE, Minister of Information technologies and communication of the Republic of Côte d’Ivoire, was the guest of honour at the official launch event. The event was attended by dignitaries, business leaders, clients and senior management, as well as sporting legend and Ivorian icon, Didier Drogba. As the Bank’s Digital Ambassador, Drogba shared his experience on the ease of opening an account using his mobile phone. He is the first person in Côte d’Ivoire to open a digital account at the Bank.
Commenting on the launch, Sunil Kaushal, Regional CEO, Africa and Middle East said: “We are pleased to launch our first digital bank in Africa with the support of the Government of Côte d’Ivoire. This is a key milestone on our digital journey as a Bank and underlines our commitment to investing and growing in the market. We have been steadily investing in expanding our footprint in Africa over the years, and this will continue to be a priority moving forward. Digitising Africa remains at the heart of our business strategy for the region, and we look to implement our Côte d’Ivoire model across other markets in the coming months.”
Commenting on the launch, Jaydeep Gupta, Regional Head of Retail Banking, Africa & Middle East, said: “Our new digital bank was developed with our clients in mind. We have taken into consideration the feedback received by our clients at each stage of the design process and have incorporated innovative technology to allow them to execute all banking activities from a mobile device. This includes 70 banking services through the app.”
“In addition, for the first time, the client onboarding journey has been digitised and in under 15 minutes a client can open a new account through the app. What has also been introduced is the ability for clients to track and trace a request submitted, which is a first for Standard Chartered. This is something we are very proud of.”
Isaac Foly, Chief Executive Officer, Côte d’Ivoire, said: “I’m pleased to have launched the Bank’s first digital retail bank in Côte d’Ivoire and proud to see the progress the country has made over the past decade. We have seen how digital transformation has contributed to economic development and will continue to do so, in line with the country’s National Development Plan. Our partnership with Didier Drogba has helped raise awareness, not only for our digital offering, but for enhancing financial literacy and improving accessibility to financial services across Côte d’Ivoire. Promoting the social and economic wellbeing of communities is a key component of our strategy to support sustainable development and our digital bank is certainly another step in the right direction.”
The bank’s digital services are available by downloading the Standard Chartered mobile application. New clients can execute all of their banking activities right from their mobile devices, starting by opening their bank account in less than 15 minutes. They can also provide all verification documents by uploading to the application and fully complete their onboarding process within minutes.
Africa. Niger. Toumour. 2017. Nigerien security forces pass near Toumor refugee camp where 47 thousand Nigerian refugees and internally displaced Nigerians took shelter in southeastern Niger. According to the UN last report (August 2017) 2,3 million people displaced in Lake Chad Basin and 129 thousand Nigeriens internally displaced in Niger after Boko Haram attacks in the region since 2015.
Last October, four American soldiers, four Nigerien soldiers, and a Nigerien translator were killed in combat on Niger’s border with Mali while looking for the jihadi militant Doundoun Cheffou. For the most part, the fallout concentrated on President Trump’s mangled call with the widow of Sergeant La David Johnson. But the incident also called attention to a dangerous development at multiple levels of US politics. From a small village in rural Niger all the way to the White House, the US military has increasing influence over American foreign policy in Africa.
American Special Forces have been operating in Niger since at least 2013, when President Obama authorized forty troops to aid the French intervention against jihadist groups in Mali. At the time of the Tongo Tongo attack, four years later, there were 800 US soldiers in Niger. The American engagement there remains the second largest on the continent, after Djibouti. Special Forces are stationed around the country and carry out missions against jihadist targets and drug traffickers with their Nigerien counterparts. The US Air Force is building a $110 million drone base that is technically the property of the Nigerien military, although it is paid for and built by the Pentagon, and access for Nigerien soldiers is currently restricted.
A senior Nigerien military commander told me that the American military has an expansionist agenda in the country and constantly pushes for more missions on the ground. According to a Nigerien soldier who participated in the operation on October 4, the American soldiers involved in Tongo Tongo had ignored the advice of their Nigerien colleagues, putting their unit in danger. In Niger, buoyant, proactive, and well-resourced security institutions like the Department of Defense, Africa Command, and Special Operations Forces have led policy at the expense of a demoralized and downgraded State Department.
Defense cooperation between the US and Africa took off after George W. Bush established Africa Command in 2007. Since then, the Command, known as AFRICOM, has established a constellation of American forward-operating bases and runs training programs and exercises with nearly every country on the continent. Under Obama, the use of Special Forces expanded to the point where they are like “a command within a command” in Africa, according to Matthew T. Page, a former diplomat and current associate fellow with the Africa program at the British-based foreign policy institute Chatham House. Special Forces can fund and train foreign elite units under a legal precedent set by Section 1208 of the National Defense Authorization Act for Fiscal Year 2005. By 2017, the 1208 authority budget has swelled to $100 million.
Niger is just one of the many countries around the world in which the US has trained elite military units in the name of counterterrorism. But as Lauren P. Blanchard, an analyst at the Congressional Research Service, told me, “The problem with training elite units is that those forces may be first and foremost in charge of regime protection versus civilian security.” American and host government interests align when jihadist groups are the security priority, but if a government feels that its power is more threatened by democratic protesters, or members of an opposition party, it often employs its special forces in ways the Americans did not envision in their training programs.
For example, the US trained Mali’s elite parachute regiment, known as the red berets, for years in order to fight the growing terrorism problem in the country’s northern regions. Jihadist veterans from Algeria’s civil war had established themselves there throughout the early 2000s, and recruited in the desert areas. But in 2012, lower-ranking soldiers carried out a coup d’état after soldiers in the Kati military camp briefly detained the defense minister, who was visiting them to quell concern over conditions of their colleagues fighting in the north. The soldiers then seized munitions and took control of the presidential palace. The red berets were suddenly out of power, and they launched a counter-coup that failed. In the ensuing violence, almost two dozen red berets were killed. “It was a presidential protection unit and, at the end of the day, [the American training] didn’t professionalize that unit,” said Page. “When this coup attempt happened, half the regiment turned its guns on the other half, killed them and buried them in a mass grave.” In the chaos that followed, jihadist militants took control of the north of the country.
In Burkina Faso, the US worked closely with the Régiment de Sécurité Présidentielle, the feared presidential guard whose chief, Gilbert Diendéré, was also the country’s top intelligence officer. When popular protests forced his boss, former President Blaise Compaoré, to flee the country aboard a French military helicopter in 2014, the government that was then elected began investigating Diendéré and his unit for killing protesters. Diendéré and his soldiers responded by launching a coup, which was eventually put down peacefully by the rest of the military.
A US Army News Service article points to a dilemma faced by soldiers in northern Cameroon, who are stationed there to aid Cameroon’s fight against the militant group Boko Haram. The American soldiers are carrying out a diplomatic role that is not normally within their purview. “With no State Department personnel stationed in the area, soldiers are often placed into a warrior-diplomat role, representing the American government wherever they go.” But even AFRICOM seems worried by the mission creep that inevitably takes place when a solider becomes a “warrior-diplomat.” Posted by AFRICOM to its official website, the article notes that “any misconduct by a soldier could spark controversy and put the nascent relationship between both countries in jeopardy.”
In Cameroon, American Special Forces work closely with the Brigade d’intervention rapide, an elite, Israeli-trained unit that fights Boko Haram. Last year, Amnesty International found that on a small base in Salak, near the border of Nigeria that the American soldiers shared with the B.I.R., at least sixty people “were subjected to water torture, beaten with electric cables and boards, or tied and suspended with ropes, among other abuses.” Some of the B.I.R. soldiers have now been deployed to put down an uprising in Cameroon’s Anglophone region on the border with Nigeria. Reports of human rights abuses in the area are rife, and the Internet has been shut down there for the past year.
Yet, little seems to weaken AFRICOM’s vision of its work as inherently good. “Within US policy circles, or within US training and assistance community, or within the Special Operations community, there are these beliefs in cardinal truths, that US training and engagement makes these units more professional, that we ‘have to do something’ to help them fight terrorism,” said Page, the Chatham House researcher. “This failure to appreciate the consequences of these day-to-day things that we’re doing and what long-term implications they may have… characterizes US foreign policy in the Sahel.”
There is little hope that the US will stop putting heavy emphasis on military solutions in Africa, or, for that matter, elsewhere in the world. Secretary of State Rex Tillerson, who had no prior experience in diplomacy, is essentially charged with taking apart his own agency. State’s budget has been slashed, and Tillerson has overseen the exit of an entire echelon of senior diplomats from the department. In the meantime, Secretary of Defense James Mattis has secured ever more resources for the Defense Department.
Trump’s choice for Senior Africa Director on the National Security Council is Cyril Sartor, who was the Deputy Assistant Director of the CIA for Africa. There has not been a permanent Secretary of State for African Affairs since January 2017, but in December, the Defense Department named Alan Patterson its new Deputy Assistant Secretary for African Affairs. Patterson is another CIA alum, who was previously in charge of clandestine operations in Africa. That former CIA officers occupy two of three leading positions for US engagement in Africa is dismaying. In earlier decades, the CIA was implicated in the assassination of Congo’s independence leader Patrice Lumumba, the coup d’état that overthrew Ghana’s first president, Kwame Nkrumah, and the arrest by the apartheid South African government of Nelson Mandela. More recently, in 2011 the CIA armed rebels fighting Muammar Qaddafi in Libya. The agency’s history of disruptive actions is not a promising backdrop to the general contours of American strategy today on a continent of countries that the US president has labeled “shithole.”
The gap left by the US’s (and, to some extent, Europe’s) lack of economic and political engagement with Africa has led the continent to turn its attention elsewhere for trade and investment. “Essentially, the entire non-military agenda in Africa of Africa’s outside partners has been ceded to China,” said Columbia professor Howard French, author of China’s Second Continent, a study of Chinese involvement in Africa. The lack of engagement is to the detriment of both Africa and the US, he argued.
Abou Tarka, a brigadier general in Niger’s military whose brother-in-law was recently named chief of staff of the country’s armed forces, told me that Niger won’t end up like Yemen, where the US has killed at least 103 civilians, because the relationship between the country’s government and the American military is strong. “The situations are different,” Tarka said. “In Yemen, Americans are belligerent; they don’t cooperate with the government.” A top Nigerien military commander, who spoke on the condition of anonymity because he is not authorized to talk to the press, told me that he doesn’t believe the drones will make mistakes because they are only authorized for use in defensive situations.
But this is the same authorization that the US employs elsewhere for manifestly offensive operations. Jennifer Gibson, a lawyer who researches American drone strikes for the nonprofit group Reprieve, explained: “We’ve seen this malleable definition before, most recently in Yemen and Pakistan, where a program that started as ‘defensive’ wound up striking people simply because their behavior ‘looked’ suspicious. Hundreds of innocent men, women and children were killed as a result.”
I asked a Nigerien civilian who works on the drone base what the forces there think about their mission. “The American soldiers themselves don’t know why they’re here,” she said, but the local population is anxious about whether the US will make the same mistakes in West Africa as they have elsewhere in the world. “The Americans are on a balance,” she said. “It’s up to them as to which way they will tip the scale.”
Trump was elected on a platform that pledged to break with past US interventionism, arguing “we cannot commit American troops to battle without a real and tangible objective.” But the latest iteration of the endless global “war on terror”—this time, as a war in Africa with little civilian oversight, dangerous consequences, and ballooning budgets—undermines that resolve. And while America is making war in Africa and military engagement morphs into a proxy for foreign policy run by the Pentagon, China is doing business.
Following the just concluded first round Presidential elections in Sierra Leone between 16 political parties on the 7th of March and no political party reached the threshold of 55% which gave space for a run-off that will take place on the 27th of March 2018,Now the body responsible for the media in the country that’s The Sierra Leone Association of Journalists (SLAJ) is deeply concerned about the increase in hate speech and tribal slants creeping into the conversation on the elections ahead of the run-off slated for 27th March 2018.
In a press released the Sierra Leone Association of Journalists views this trend of political discourse as ugly for the descent democracy and its potential to undermine the peace and stability of the Country.
The Association stated that country is hugely admired across the world for its ethnic and religious tolerance which are deeply rooted in its culture. Any attempt to tamper it with enviable attribute will spell doom for the country’s generation yet unborn.
The Association therefore condemn any politician (or political party) playing the tribal card and ethno-regional sentiment in their campaigns to secure votes in the run-off election on the 27th of March.
SLAJ condemned and dissociated itself from any journalist who peddle hate speech and preach tribalism in their publications/commentaries/analyses on the elections.
All journalists and their media houses in the country were asked to resist any attempt by politicians to use them to promote divisions among the people.
As evident in the SLAJ National Dialogue Series in the run up to the elections, and the 2018 Presidential Debate Series, SLAJ continued to encouraged politicians, political parties and their supporters to focus on issue-based discourse around the elections rather than personalities or tribal/regional sentiment.
The SLAJ President, Kelvin Lewis, says: “This country belongs to all of us, we should stop this nonsense about tribe or region and begin to show love for this land that we love, our Sierra Leone.”
This press released came out because of the serious tension between the two main political parties, that’s The Sierra Leone People’s Party SLPP and The ruling All People’s Congress Party APC in their run-off campaigns that stated on the Thursday the 15th of March
…As Angola, Vanuatu are scheduled for graduation over the next three years
By Olayinka Ajayi
a picture of one of the many beach resorts in Sao Tome and Principe
Following the strictly observation of the Committee for Development Policy CDP, Bhutan, Kiribati, Sao Tome and Principe and the Solomon Islands have been spotted to soon graduate from the ranks of the world’s poorest and most vulnerable nations.
Speaking , Jose Ocampo, chairman of the CDP, said these countries has increased their national earning power and improved access to health care and education, which make them eligible to exit the group of least developed countries (LDCs).
He however stated that only five countries had graduated since the UN established the LDC category in 1971.
According to him: “LDCs are assessed using three criteria: health and education targets; economic vulnerability; and gross national income per capita. Countries must meet two of the three criteria at two consecutive triennial reviews of the CDP to be considered for graduation.The committee would send its recommendations to the UN economic and social council (ECOSOC) for endorsement, which would then refer its decision to the UN general assembly.”
Meanwhile, Diane Elson, a member of CDP and professor at the University of Essex in the UK, added that the announcement was good news for millions of women in rural areas. “The success of the countries that are graduating reflects things like the improvement of the health and the education of the population, which extends to rural women, and the increase in incomes in the country, which extends to rural women,” she said.
Elson further opined that the countries require continued international support because they remained vulnerable to external shocks, including the impact of climate change, currently evident in Pacific Island states such as Kiribati.
According to the UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, globally, there are 47 LDCs. Thirty-three are in Africa, while 13 can be found in the Asia-Pacific region, and one is in Latin America. In the 47 years of the LDC category’s existence, only five countries – Botswana, Cabo Verde, Equatorial Guinea, Maldives and Samoa – had graduated.
The CDP said two more countries, Vanuatu and Angola, were scheduled for graduation over the next three years.
Nepal and Timor-Leste also met the criteria but were not recommended for graduation at this time, due to economic and political challenges.
According to Ocampo, that decision would be deferred to the next CDP triennial review in 2021.
President of the Republic of Ghana says the strategy of his government is to expand technical and vocational opportunities at both secondary and tertiary levels.
President Nana Addo Dankwa Akufo-Addo said the aim is to strengthen the linkages between education and industry, as well as empower young people to deploy their skills, to employ themselves and others.
The Ghanaian Head of State said his government is paying critical attention to technical and vocational training in the country. He explained that the transformation of the structure of the Ghanaian economy, and the reduction of unemployment, hinge on technical education and vocational training.
“What I envisage in the technical and vocational education sector would involve a truly radical change in attitude on the part of all of us. Throughout the years, enough lip service has been paid to the TVET sector,” he said.
The President stressed that “this time we are backing the talk with money and political will. This time, the interventions will be focused and seen through to proper conclusion.”
President Akufo-Addo revealed that when he delivered the keynote address at a National Conference on Technical and Vocational Educational and Training (TVET), held at the Koforidua Technical University, in the Eastern Region of Ghana.
The President lamented meager budgetary allocation for the Technical and Vocational Educational and Training sector.
“It has obsolete and inadequate facilities and equipment, matched by equally obsolete academic curricula that do not keep up with contemporary labour needs. We do not have enough qualified teachers and instructors, and there is an absence of tertiary degree awarding institutions, that will train teachers in skill development,” he lamented.
Above all, he stated that the greatest difficulty we have has been the low perception of technical and vocational skills and graduates in our society, as the effect has been catastrophic, and is staring us in the face and all around us.
It is for this reason that the President Akufo Addo told participants of the conference that his government is things, starting with the launch of a major project that will emphasize the importance of TVET, and redeem the misconception that technical and vocational education is inferior, and patronized only by less endowed students.
“We are aligning and bringing all public TVET institutions in the country under the direct supervision of the Ministry of Education to streamline their curricula, and improve the co-ordination of their training. To this end, one Deputy Minister for Education is to be specifically responsible for technical and vocational education, like there is a dedicated Minister of State for Tertiary Education,” he said.
The 5-year Strategic Plan for TVET, approved by Cabinet, involves the undertaking of structural reforms, which include the setting up a TVET Service and TVET Council, and dedicating a whole division of the education service to technical and vocational education, which would have its own Director General.
“We are tackling the perennial infrastructure problems of the TVET sector. Work will start soon on the construction of 20 modern TVET institutions in various areas of the country,” he said.
The President, “We are also upgrading some 35 National and Vocational Training Institutes across the country, and upgrading colleges of education that specialize in technology. There is underway a major revision of the curricula of TVET schools to make them relevant to the needs of our changing economy.”
President Akufo-Addo noted further that the success or failure of many of his administration’s projects will depend on how TVET fares, and was hopeful that adding that the conference will lead to the raising of interest amongst investors, who would collaborate with institutions to bolster our technical capacity, and strengthen skills training in the country.
President Akufo Addo told the gathering that his administration is determined to strengthen the Ghanaian economy, as the current, positive macroeconomic signals are clear.
A rapid improvement in our skills development will quicken the pace of translating these signals into jobs and better quality of living, stressing that “the success of the government’s flagship programme, 1-District-1-Factory, a programme government will fulfill, for example, is very much tied to the availability of the type of skilled workforce that TVET produces.”
Ghana has been ranked as the 108th happiest country in the World, according to the 2018 World Happiness Report.
Ghana ranked lower than African countries such as Nigeria (91), Cameroon (99), Gabon (103), South Africa (105) and Ivory Coast (107).
Somalia which has long been plagued by suicide bombing and constant attacks by terrorist group Al-Shabab ranked 98 on the report, much higher than Ghana.
The report comes at a time the government claims that the living conditions of most Ghanaians have improved.
Burundi in East Africa, scarred by bouts of ethnic cleansing, civil wars and coup attempts, is the unhappiest place in the world. Strikingly, there are five other nations – Rwanda, Yemen, Tanzania, South Sudan and the Central African Republic – which report happiness levels below that of even Syria.
The 2018 World Happiness Report also charts the steady decline of the US as the world’s largest economy grapples with a crisis of obesity, substance abuse and depression.
The study reveals the US has slipped to 18th place, five places down on 2016. The top four places are taken by Nordic nations, with Finland followed by Norway, Denmark and Iceland.Finland overtook Norway to become the happiest nation on earth, according to a UN report.
“Finland has vaulted from fifth place to the top of the rankings this year,” said the report’s authors, although they noted that the other three Nordic countries (plus Switzerland) have almost interchangeable scores.
The report, an annual publication from the UN Sustainable Development Solutions Network, said all the Nordic countries scored highly on income, healthy life expectancy, social support, freedom, trust and generosity. The rankings are based on Gallup polls of self-reported wellbeing, as well as perceptions of corruption, generosity and freedom.
In Britain, figures from the Office for National Statistics suggest people have become happier in recent years. But the UN ranking places the UK in a lowly 19th place, the same as last year but behind Germany, Canada and Australia, although ahead of France and Spain.
The UN report devotes a special chapter to why the US, once towards the top of happiness table, has slipped down the league despite having among the highest income per capita.
“America’s subjective wellbeing is being systematically undermined by three interrelated epidemic diseases, notably obesity, substance abuse (especially opioid addiction) and depression,” said Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University in New York, and one of the report’s authors.
Despite African countries getting the worst happiness scores, one West African nation has bucked the trend. Togo came bottom in 2015 but was the biggest improver in the 2018 report, rising 18 places. Latvians and Bulgarians are also reporting higher levels of happiness.
Venezuela recorded the biggest fall in happiness, outstripping even Syria, although in absolute terms it remains a mid-ranking country. The report notes that Latin American countries generally scored more highly than their GDP per capita suggests, especially in contrast to fast-growing East Asian countries.
Latin America is renowned for corruption, high violence and crime rates, unequal distribution of income and widespread poverty, yet has consistently scored relatively highly in the happiness report.
The authors attributed this to “the abundance of family warmth and other supportive social relationships frequently sidelined in favour of an emphasis on income measures in the development discourse”.
Ghana’s Second Lady is confident that the country is blazing the trail in Africa when it comes to leaders who are ensuring that public interest is the underlying principle in government decision making.
Samira Bawumia says Africa must change its narrative having been denied proper development for decades due to poor leadership, despite its rich and abundant natural resources.
She said Ghana is showing the way to major transformation in all spheres, with effective and dynamic leadership where public interest overrides personal interest. Samira wants other countries on the continent to emulate the West African country through patriotism.
“To the young generation of Africans, it is your time to shine. Africa needs a new crop of leaders who will ensure that public interest is the underlying principle in government decision making. Agenda 2063 and achieving the Sustainable Development Goals will not happen by themselves. We need dynamic and effective leadership to make it happen,” Mrs. Bawumia declared at a public lecture hosted by the University of Pennsylvania in the US under the auspices of the US-Ghana Chamber of Commerce.
Speaking on the theme: “Driving economic change in Africa in the 21st Century: Ghana at the forefront,” Mrs. Bawumia noted: “Ghana is working hard to change its story. Ghana is showing the way; but it requires a sustained effort and a generation of patriotic leaders to carry on the good work. Everyone has a part to play. Indeed, leadership matters. We can all aspire to lead; but sometimes circumstances create leaders.”
Touting the numerous achievements of the 14-month-old government of the new administration in Ghana under the leadership of President Akufo-Addo, she said the country boasts of a Free SHS programme aimed at building an inclusive society and developing human capacity, the Digital Property Address System which will transform the economy and improve the platform of doing business as well as the paperless system at the ports among others.
Mrs. Bawumia stressed that the new government is on course to fulfill its promises due to visionary leadership, despite inheriting an empty purse from the previous administration.
“For the new leaders, the way to transforming the Ghanaian society would be through better leadership. Theirs is a vision of greater access and better education for all children, greater access to health, water and sanitation, inclusive growth, sound management of the economy and a better environment for the private sector to thrive and to create jobs,” she noted.
Mrs. Bawumia added: “For them to chart a new course for Ghana means a paradigm shift away from raw material export economy. They know that despite all the wealth of natural resources – from gold, cocoa, oil and gas – Ghana faces the risk of being trapped in its Lower Middle Income Country (LMIC) status if we do not push our productive capacities as a nation, if we do not make growth inclusive, if we do not give all our children access to quality education to develop their natural talents and if we do not give women fair and equal opportunities in all spheres of our socio- economic and political society.
“The policies and programs of the government so far have shown what good leadership can do for its people. Without leadership, the economic transformation we yearn for cannot happen.”
However, Mrs. Bawumia averred it will not only take political leadership to move the country and for that matter the continent forward, but everyone has a role to play.
“Everybody here has a precept of leadership. You don’t necessarily have to hold a position of political influence to exercise leadership; seeking to promote the public good, social equity, empowering the weak and the disadvantaged, protecting the vulnerable, and ensuring social justice requires some form of leadership. As the saying goes, “let your light shine wherever you are”,” she emphasized.
Ghanaians may soon be receiving their Passports at birth, in order to cut out the frustration involved in acquiring the document, a government official has hinted.
Ghanaians have over the years bemoaned the difficulties in renewing or procuring a new passport as many are on daily basis subjected to long delays in queues at passport offices in Accra.
Several measures by the government including plans to decentralize the passport office have not been able to resolve the bottlenecks in acquiring a Ghanaian passport.
The Chief Executive Officer of Ghana’s Public Sector Reform at the Presidency Professor Kusi Boafo said several public sector institutions must be modernized in order for them to serve their purpose.
“We are bringing in a new public sector reform policy. There is no single public institution in Ghana that can deliver proper public good. Go and see Driver and Vehicle Licensing Authority, the passport office, Ports & Harbors…etc. If passports are very necessary, then passports are supposed to be made on the day of birth, and that is what we are trying to work on,” he said.
Professor Kusi however noted it will take the nation enough time to get things working properly even if the right approaches are adopted.
“We are not honest as citizens and so we are not willing to open up. As we begin to formalize, it will take us time to formalize. It will take us about 5 to 10 years to formalize”.
He also condemned the manner in which vehicles were disposed of by the state under the former administration.
“786 brand new cars were disposed of by the previous government at very cheap prices. Cars that could last for 10 years were sold within a week, few months and a year. How could we have built a nation with this attitude”.
Activities of Fulani herdsmen which has often resulted in the killing of Ghanaians in several parts of the country will be arrested and dealt with decisively, President Nana Akufo-Addo has stated.
Addressing the National Council of Fulani Chiefs at the Flagstaff House, President Akufo Addo said the herdsmen and their work, which has often led to the outbreak of fighting between them and indigenous crop farmers, is of great concern to his administration. To that end, the Ghanaian President welcomed the request for cooperation between the Council of Fulani Chiefs and the country’s National Security apparatus to resolve the menace.
Ghana’s farmer-header brouhaha and the seeming tension in affected communities has attracted international concern from Nigeria, Guinea, Senegal and other African countries. Concerns rife about the government’s resort to armed military personnel in an operation targeted at flushing out cattle headers in certain regions in the country.
Leadership of the Fulani community in Ghana petitioned the United Nations in January to intervene in what they described as violations of their rights and dignity as humans by the Ghanaian government.
But the Ghanaian leader indicated that there is an existing committee working under the Ministry responsible for Agriculture which has the president of the Association of Herdsmen on it.
He announced that he would like to have two representatives of the Council of Fulani Chiefs on the committee so they can all work together to find a lasting solution to the challenge.
President Akufo-Addo emphasized that there is a very strong business potential in the cattle ranching industry. He insisted that with good organization and cooperation, revenue will be realized by all interested parties.
In his speech, the acting president of the Fulani Council of Chiefs, Iddriss Mohammed Bingle, indicated that as part of their efforts to halt the Fulani herdsmen’s clashes with crop farmers in the country, they are proposing the formation of task forces that will liaise with the security agencies in all the regions where there are herdsmen to enforce the law without fear or favour.
They called on the President to direct the Heads of the security institutions to cooperate with the task force. President Akufo-Addo welcomed the suggestion and assured the Chiefs that all will be done to get the proposed task force in place.
The Institute of Fiscal Studies (IFS) is predicting doom for Ghana’s economy as its debt crisis seriously worsens.
Prof. Newman Kusi
This comes barely five months after Ghana’s Finance Minister Ken Ofori-Atta declared during a presentation of the 2018 budget that the government through prudent management of the economy successfully reduced the country’s debt burden.
“This was achieved as a result of a reduction in the fiscal deficit and a policy of debt re-profiling,” the minister told Parliament in November 2017.
The country’s debt to GDP ratio declined from 73 percent at the end of December 2016 to 68.6 percent at the end of September 2017. Also the annual average rate of debt accumulation of 36.0 percent over the last four years declined to about 13.58 percent in the last 13 months.
As at May 2017 per the breakdown of the debt numbers by Ghana’s Central Bank, the West African country’s total public debt reached GH¢137 billion, increasing by GH¢9.4billion in three months from GH¢127billion. Currently it is said to be hovering around GH¢140billion.
Speaking at a round table discussion on the theme: “Ghana’s growing Public Debt- Implications for the Economy,” the Executive Director of IFS Prof. Newman Kusi disclosed that Ghana faces a high risk debt distress or increased over all debt vulnerability as the public debt situation “seriously worsens.”
According the think tank, the situation is already placing significant burden on the economy and society, and that the country is at a risk of falling back into an extended debt trap with economic stagnation and possible increases in poverty rate leading to a possible failure in its implementation of the Sustainable Development Goals.
He said the total public debts as a percentage of GDP dropped from a high of 113.1 percent in 2000 to 26.2 percent in 2006 driven by the HIPC and NVRI relief.
“But by end 2016 the debt to GDP ratio has risen to 73.3 percent and moving towards the ratios recorded during the pre-HIPC period. As a result, total public debt service to revenue has not only assumed a rapidly increasing path but has breached its indicative long term threshold,” he said, as 41 pesewas of each cedi that the government mobilizes as revenue is being spent to “pay interest on our debt.”
Debt service, according to him, now absorbs a huge part of domestic revenue, leaving the country vulnerable to shocks.
“The country has fallen into a debt trap as real interest rate continues to surpass GDP growth which has forced the country to continue committing more of its tax revenues to service debt,” he stressed.
The Nigerian Bar Association (NBA) and human rights groups on Tuesday took to the streets of Lagos to protest over 400 per cent hike in land use charge and other taxes by the Lagos State Government.
The walk, which started from the NBA secretariat, Ikeja, took the protesters to the Lagos State Governor’s Office and House of Assembly, Alausa. Newsmenreport that the NBA, Ikeja branch, had on March 7 issued a seven- day ultimatum to Gov. Akinwunmi Ambode led-administration to reverse the increment.
The state government had increased the Land Use Charge by 400 per cent, Motor Licensing fees by 1,600 per cent, Court Fees by 2000 per cent and Bore Hole Taxes by 68,000 per cent. Lagos State Governor Akinwunmi Ambode Addressing protesters at the take off of the protest, Mr Adeshina Ogunlana, NBA Ikeja Branch Chairman, said the protest was a clear no to oppressive tax regime in Lagos State.
Newsmen report that Committee for Defence of Human Rights (CDHR), Joint Action Front (JAF) and the Human and Environmental Agenda (HEDA) joined the protest in solidarity with the lawyers. The protesters came with red T-shirts, banners, placards and handbills with inscriptionsinscriptions such as “NBA rejects opressive taxes in Lagos State”: “No to Killing Taxes”. Others are “Ambode Stop This Oppressive Land Use Charge,” “We Say No to Double Taxation,” “We Say No to Insensitive Government Policies,” and “Don’t Kill Lagosians With Tax”.
Some of the protesters told newsmen that the hike in taxes would cause hyper inflation. ” The increment in taxes will lead to job loses and increase in unemployment. This will increase crime rate and insecurity in the state,” said Ayo Lamuye, a human rights lawyer. At the Lagos State House Secretariat, Alausa, Mr Kehinde Bamigbetan, Commissioner for Information and Strategy, received the protesters’ petition on behalf of Gov. Ambode while the Majority Leader, Sanai Agubiade,received on behalf of the Assembly. Newsmen report that NBA’s letter to Ambode was dated March 12 and titled “Call For A Re-think and Review of The Land Use Charge Tax, All Other
The Egyptian ministry of Civial Aviation will host the third edition of the Aviation Africa 2018 exhibition and summit covering the full aviation and aerospace spectrum across the African continent in Cairo on April 17 to 18 2018, according to the organisers.
It is reported that the summit will be hosted under the theme ‘Securing Strategy for Africa’s Success.’It is also added that the two-day summit will focus on the key drivers to grow business and opportunities across Africa in the aviation sector. Also, alongside the summit will be an exhibition area featuring more than 70 exhibitors.
Topics at the summit will include understanding the framework for aviation across Africa, understanding the threat and the solutions both in the cyber world and the real one,profit, competition, security or passengers? What keeps CEOs awake at night? airline business – challenging the status quo: Bringing low cost,regional and charter operations and new models to market and surviving surviving accidents and incidents with reputations intact, developing infrastructure and support for Africa’s aviation future on the ground and in the air and on human capital, developing and inspiring future generations to solve people shortage.
The House Committee on Works Chairman Hon. Toby Okechukwu has recently stated that the new bill before the House of Representatives Committee on Works is not aimed at reducing the operational capability of FERMA as the Federal agency responsible for the maintenance of all Federal roads but will actually enhanced its efficiency as soon as it is passed into law.
This was made known during the committee’s consideration of the Federal Roads Bill that was referred to the House of Representatives by the Senate for concurrence.
It would be recalled that the House of Representatives have recently called for the federal government to declare a state of emergency on Nigerian roads as a result of level of decay it has suffered over the years despite being budgeted for in successive budget appropriations, which have resulted to the death of many Nigerians.
In his view, “this legislation is a revolutionary one, it is a reform legislation for the entire road sector which goes beyond creating an institution for the development of the road sector.”
“It also creates a framework for the regulation of the road sector which has never been there before, it also gives us an opportunity to have a road sector that will build the capacity to maintain and develop the roads in Nigeria.”
He further claimed that this bill is not a FERMA bill as you know FERMA deals solely with road maintenance, but this bill goes beyond road maintenance, it is a more all encompassing institution that will be created to deal with construction and maintenance.
According to him, it is an anomaly where you will have the ministry embarking on the award of contract and so now we have a ministry and other agencies, where the Ministry is to focus on policy matters while the agency focuses on the actual work on the roads which is to keep them motorable.
Fort Lauderdale, FL (March 13, 2018) – South African Airways (SAA), Africa’s most awarded airline, has announced the appointment of Marlene Sanau as the new vice president of sales, North America, based at the airline’s North America Regional Office in Fort Lauderdale.
In this role, she will be responsible for implementing sales strategies to strengthen and grow business relationships with SAA’s travel trade partners, online travel agency distribution channels, corporate customers, and key tourism industry organizations. She will also oversee SAA’s team of sales development directors located throughout North America, along with the Business Development and Inside Sales Departments in Fort Lauderdale.
Marlene joins the South African Airwaysleadership team in North America with an extensive international airline background having spent over 25 years with Lufthansa German Airlines serving in several sales and operational management positions in the U.S., Germany, Australia, and South Africa. She holds a Bachelor of Science in Business Administration from Central Michigan University.
“We are delighted to have Marlene join South African Airways and lead our sales team with her in-depth knowledge of the airline industry and revenue development strategies,” said Todd Neuman, executive vice president – North America for South African Airways. “Marlene brings a wealth of experience that will be a tremendous benefit to SAA
and our trade partners. She possesses the skills and expertise that will be critical to expanding and enhancing SAA’s presence in the very competitive North America to Africa market.”
South African Airways offers the most daily flights from the U.S. to South Africa with daily nonstop service from New York-JFK Airport and daily nonstop service from Washington, DC-Dulles Airport to Accra, Ghana or Dakar, Senegal, with continuing service to Johannesburg. our Johannesburg hub, SAA links the world to over 75 destinations across the African continent and Africa’s Indian Ocean islands. Onboard, SAA provides an in-flight experience designed for pure comfort for long-haul travel. Our customers enjoy a spacious Economy Class cabin, gourmet cuisine and a selection of complimentary spirits and award-winning South African wines and generous checked baggage allowance. Also included are individual audio /visual entertainment systems that deliver an extensive menu of first-run movies, music choices,and games.
“Our Son, our farms soil fertility have for years been drastically declining and so is our farms yields and thus we are poor and food insecure and unable to feed our families well. We have no collateral to access credit to enable us, purchase fertilizers, inputs, and agricultural equipment like walking tractors for use in tilling our lands. As you can see, most of us are elderly and less energetic and yet the traditional tools we currently use requires energetic and young people, who unfortunately have all run to cities in search of better income generating jobs/businesses” Says, a group of women smallholder farmers, in Karonga district, Malawi, during, our practical on farm training workshop that included training farmers in Karonga district in modern tilling, planting, and fertilizer application techniques.
When asked what makes it difficult for them to access credit, Their Leader responded that, “The patriarch setup of our society and cultural norms here, are too discriminative, as they don’t allow women to own land. She went on to say that: Women here don’t own the lands on which they farm and therefore cannot present land a collateral to seek credit from banks”.
The average age of smallholder farmers in Africa is 65 implying that the smallholder farming is dominated by aging, who in most cases, are traditionally oriented and finds it hard to easily grasp and adopt modern farming techniques.
Agricultural policy makers in Africa, must begin addressing questions such as’, Why is it that agricultural sector in Africa is not attractive to the youth and what can be done to make farming enjoyable and profitable to the youth?
This bleak situation is prevailing in all African countries and needs to be resolved, if African countries are to attain rural transformation and sustainable development that is all inclusive factoring in the fact that, agriculture in Africa is dominated by smallholder farmers.
Smallholder farmers in Africa, needs money to acquire suitable new agricultural technologies to boost their farm yields but continues to face huge dilemma, in accessing agricultural credit financing due to lack of collateral and the matter is made worse by traditional norms in some communities, where land is communally owned and one cannot even dare to claim ownership over it and cannot therefore present it anywhere to seek agricultural financing loan.
But let us ask ourselves a question. Why is it that African countries have failed and are still failing to develop an agricultural financing model to replace land as collateral and what needs to be done?
I have extensively traveled in rural communities of several African countries, especially, Eastern, Southern and Western African countries, training smallholder farmers, in new evolving methods of profitable farming, and practically witnessed, the absence of agricultural technologies, knowledge transfer, and lack of access to credit, predicaments which the smallholder farmers are facing. This scenario is making it hard for them to jump out of food insecurity and poverty trap.
What then needs to be done? African governments together with banking institutions operating in African countries, must develop a financing model, that replaces land as collateral, which would be like in form of the governments depositing an evolving agricultural development fund, in selected banking institutions, for disbursement on an interest free basis, to mapped out smallholder farmers, who on after harvesting and selling their produce, must return back, the interest free borrowed funds, to these selected banks, so that the other smallholder farmers can be covered in an evolving scheme.
This must be done hand in hand, with governments organizing smallholder farmers, into cooperatives and giving them a production enhancement morale, initially, for example, by constructing for them postharvest storage and small scale value addition facilities. This will make them not only to avoid postharvest losses, but to also be in better position, to negotiate for better prices for their produce.
African governments, must also seriously persuade global leading manufacturers of agricultural equipment like AGCO, John Deere CLAAS, among others, to massively begin producing products for smallholder farmers too, and not only for large scale farmers, who for decades have been and still are their main target market. African smallholder farmers need suitable equipment such as, A70-100 PS tractors and not A600 PS tractors.
One year back, while on, a practical field learning tour of, CLAAS factory, one of the world’s leading manufacturers of Agricultural machinery, with corporate headquarters in Harsewinkel, Westphalia, Germany, with production facilities worldwide, in countries such as, Hungary, Nebraska, USA, Southern Russia, India, and China, I only witnessed monster agricultural machinery, suitable only for very large scale farming.
However the good news is that, these global agricultural equipment manufacturing brands, have all set foot in African countries, and have appreciated the need to start producing products for smallholder farmers too, and some are in fact, producing walking tractors, which a few small scale farmers are finding it easy in using, in boosting their production. These walking tractors, are still out of reach, for millions of smallholder farmers in Africa, and the onus, is therefore on African governments to develop a funding model that will enable their smallholders farmers to get these much needed suitable equipment.
In sum, the skyrocketing Africa’ population, which is expected to double from current 1.2 to 2.4 billion people by 2050, necessitates, that, the continent, must devise food production strategies, that will, rapidly result into massive production of food, on sustainable basis, in the next 20 years, failure of which, will leave a greater percentage of its people trapped in food insecurity and poverty scenario, with resultant impact of widened unrest, wars, and crime increase, and to avert such catastrophes, African government must do, whatever it takes, to help its smallholders farmers access suitable equipment and inputs, to boost their farm yields.
*Moses Hategeka, is a Ugandan based Independent Governance Researcher, Public Affairs Analyst and Writer.
The African Entrepreneurship Award will fund $1 million USD to African entrepreneurs with scalable and sustainable businesses in 2 new categories: Sports and Innovation
CASABLANCA, Morocco, March 12, 2018/ — BMCE Bank of Africa is proud to announce the March 1st opening of the 4th edition of the African Entrepreneurship Award (www.African-Award.com).
The Award was announced by President Othman Benjelloun in 2014 at the Marrakech Global Entrepreneurship Summit and illustrates BMCE Bank of Africa’s ambition to encourage entrepreneurship across borders in Africa by rewarding talent and technology.
This initiative aims to support talented entrepreneurs from Africa or Africans in the diaspora whose ideas create jobs and improve lives on the continent. The competition remains open for entries until April 30th.
During the past 3 years the Award was dedicated to projects in Education, Environment, and Uncharted categories. Over 12,000 entrepreneurs applied from 132 countries. Mentors selected 112 Finalists and the Presidential Jury selected 33 winners to receive funding to launch or scale their business.
Volunteer mentors from all over the world support entrepreneurs with free, online business advice. These mentors are entrepreneurs, academics, and leaders from all continents who assist the applicants throughout each stage of the contest.
This year, the African Entrepreneurship Award will fund $1 million USD to African entrepreneurs with scalable and sustainable businesses in 2 new categories: Sports and Innovation.
The first round is open to all entrepreneurs to apply, from every country in Africa. Rounds two and three question entrepreneurs on the scalability and sustainability of their idea. Applicants are asked to support their project with an uploaded video or document. At the end of the journey, Finalists are flown in to Morocco for a Boot Camp, before they pitch in front of the Presidential Jury for their chance at $ 1 million.
BMCE Bank of Africa operates in nearly 20 countries over the continent. With this fourth edition of the AEA, BMCE Bank of Africa reasserts its commitment to support and encourage young entrepreneurs in their efforts to create jobs and improve lives in Africa.
Applications Open to Find Africa’s Most Innovative Start-ups Meeting the Greatest Financial Inclusion Challenges
CAMBRIDGE, United States, March 12, 2018 -/African Media Agency (AMA)/- The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent.
There are multiple awards and opportunities available for finalists. The grand prize winner will be awarded $100,000 and the two runners-up will each receive up to $30,000.The top 10 finalists are guaranteed to each receive up to $5,000 in cash prizes as well as VIP tickets to the Zambezi Award ceremony, cohort-building activities, international media exposure, and personalized introductions to the MIT Legatum network of investors and mentors. Past Zambezi finalists have led projects ranging from agricultural finance for the small dairy farmer to an employee-centric boda boda taxi business model.
The top three winners will also be invited to attend the Zambezi boot camp during the MIT Inclusive Innovation Challenge (IIC) gala on the MIT campus in Boston and fast-tracked to the global grand prize with up to $1 million available. The IIC event is part of the MIT Initiative on the Digital Economy and, along with the MIT Legatum Center’s initiatives, examples of MIT’s global commitment to the future of work.
Munyutu Waigi, Co-Founder and Chief Customer Officer of Umati Capital receives the 2015 Zambezi Prize
This year’s competition will be supported by the MIT Legatum Center’s annual Open Mic Africa tour, a cross-continent tour in search of Africa’s most innovative entrepreneurs that will debut in Spring 2018. The Legatum Center, with support from Techpreneur Africa and the late Bolaji Finnih, hosted the premiere event of the 2017 Open Mic Africa tour in Lagos, Nigeria.
The Zambezi Prize and the Open Mic Africa tour are pillars of the Legatum Center’s Africa Strategy – a global vision to leverage MIT’s ecosystem to improve lives through principled entrepreneurial leadership. The Legatum Center’s Africa strategy is also a core component of MIT-Africa – the initiative that encompasses the Institute’s global priority for collaboration with the continent.
The Zambezi application is now open for early-stage African tech start-ups who are furthering financial inclusion in Africa. Applicants will be judged on their ability to solve one of the financial inclusion challenges put forth by the Prize; their current and potential impact on the local ecosystem; the scale of their innovation; and the feasibility of the solution.
About Legatum Center for Development and Entrepreneurship at MIT
The Legatum Center was founded on the belief that entrepreneurs and their market-driven solutions are critical to tackling the world’s greatest challenges and driving global prosperity. Based at MIT Sloan School of Management, the Center leverages expertise and research across campus to equip future leaders with the skills, values, and critical thinking they need to succeed as entrepreneurial change agents. The Center’s capstone initiative is the Legatum Fellowship Program which provides aspiring entrepreneurs with a world-class education and substantial tuition support. The Legatum Center also conducts a set of global activities to strengthen pathways between MIT and leaders of change in frontier markets.
The Mastercard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest, private foundations, its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006.
Roman Py says that countries that want to grow and rise in the near future need to be able to attract value and create capital as it is the only way forward
On the sidelines of the recent Power Africa Summit in Washington,DC,PAV caught up with recently caught up with Roman Py, Head of Transactions with the African Infrastructure Investment Managers (AIIM),to discuss infrastructure development in Africa .
Introducing AIIM, Romain Py said it was a private equity firm whose interests is in investing capital into development projects mainly targeting infrastructure development. AIIM’s main target areas include telecoms infrastructure, mainstream energy, transport and power i.e. both thermal and renewable.
AIIM was formed 18 years ago and has subsequently grown in leaps and bounds ever since ,Romain Py said. To date AIIM has managed assets worth over 2 billion dollars and is currently managing other million dollar assets and operations in 15 countries mostly in West Africa.
Explaining how they take on projects, My Roman Py stated that AIIM has a two-fold criteria it uses in selecting which projects to pursue and which projects not to pursue. The first criteria AIIM employs covers the country as a whole, AIIM looks at the prevailing socio-economic-political environment to determine the suitability of running projects in a country. As is the case with any other investment, Mr Roman Py said that AIIM assesses whether it’s feasible to invest in a country considering the current investment climate. If the environment is unstable owing to political disturbances and the likes, AIIM takes the decision not to invest in that particular country. The same also applies to the economic aspect, if the economy of the country is fragile, then it’s unfavourable for AIIM to invest in that country.
The second aspect pertains to sector specific investment climate. Mr Roman Py stated that on occasions, the overall socio-economic-political environment maybe stable but when one looks closely, it’s possible to see that in one area for instance energy, the legal framework covering that area maybe vague and ambiguous while the legal framework for investing in telecoms infrastructure maybe clear and favourable for investment. In this instance, AIIM will then make a decision on investing in the one area that is investor friendly and disengage from the other unfavourable investment sectors.
During its 18 years in existence, AIIM has had some big successes according to Mr Roman Py. While AIIM’s operations have seen the company working in various countries around the continent, it is in West Africa that AIIM has managed to record massive success. Mr Roman Py says AIIM’s first big success story came in 2014 when the firm managed to finish a 240 megawatt Independent Power Producer (IPP) plant in Ghana. This was soon followed by a 450 megawatt gas fired plant a year later in Nigeria. In 2017, AIIM also finished another 90 megawatt IPP power plant in Mali, the first of its kind in the country. In the same year, AIIM also won a bid for another IPP power plant in Ghana. AIIM has other IPP power plants still in progress in Kenya and in Cote d’ voire.
As is the norm when running a business, AIIM encounters operational challenges in its line of business. Though there are quite a number of challenges, Mr Roman Py stated that their two biggest challenges include the ever-changing socio-political environment in African countries and power shortages. He said that while AIIM diligently assesses each country before starting projects, there are cases where the environment quickly changes from stable to unstable owing to unforeseen circumstances. Also, AIIM encounters power challenges as most African countries have unreliable power supplies which makes it difficult for AIIM to operate as most its projects require high amounts of power.
Roman Py went on to state that the amount of capital being injected into infrastructure development projects has sharply decreased in recent years .He attributed this to the investment climate which is slowly deteriorating. Roman Py said that Africa saw massive capital injection in the last 10 years, but that has since stagnated in the past two years. To Roman Py, this is as a result of the failure by African governments in particular and also private entities to close projects. He said that there are many ‘ground-breaking’ ceremonies in Africa where Heads of State and Government launch major projects but abandon them soon afterwards leaving a trail of unfulfilled mega-deals.
This problem can be rectified however as Roman Py said African countries need to move away from signing too many deals that ultimately fail, but rather focus on projects that they can fulfill and close. Roman Py said that “success breeds success” and as such once the first project succeeds, then it sets a good precedent for the next project to succeed in the end culminating in a permanent circle of successful projects.
Roman Py also took time to comment on AIIM’s relationship with the Chinese. He said the relationship is more of a complementary relationship rather than a competitor relationship. This he explained saying Chinese come to Africa as contractors aiding government development projects and operate as contractors when on the ground. However, AIIM doesn’t operate as a contractor as it mostly conducts its business and operations separate from the government, it is more of a private entity.
Roman Py said that countries that want to grow and rise in the near future need to be able to attract value and create capital as it is the only way forward,citing Ethiopia, Tanzania, and Senegal as encouraging examples.
Both Morocco and the United States/Canada/Mexico must submit their 2026 World Cup bid books by 16 March.
The 2026 finals will be the first to feature 48 teams, 16 more than the tally that will contest both this year’s tournament in Russia and the 2022 event in Qatar.
The North African nation is making a fifth bid to host the World Cup, having failed to land the 1994, 1998, 2006 and 2010 editions.
Since none of the bidding nations are eligible to vote, Morocco will need to win 104 votes when the decision on who will host the 2026 finals is made in Russia on 13 June.
Earlier this week, the joint Canada-Mexico-US bid announced a reshuffle of its leadership, emphasising diversity as its leaders seek to attract voters.
The leaders of the US, Canada and Mexico federations will now serve as co-chairs of the bid, replacing former United States Soccer Federation chief Sunil Gulati, who steps down.
United 2026 said the changes reflect the “unity” at the highest levels of the joint bid, while some have seen the change in leadership as a strategic move to shift the perception of the bid as being a largely American-driven enterprise.
Blatter, who led Fifa for 17 years before being barred for ethics violations (that he is contesting) in 2015, was a central figure in organising the rotation system that eventually took the World Cup to Africa for the first time in 2010.
Ameenah Gurib-Fakim became Mauritius’s first elected female President in 2015
Mauritian President Ameenah Gurib-Fakim, Africa’s only female head of state, is to quit over a financial row.
She has been accused of using a bank card provided by a charity to make personal purchases worth tens of thousands of dollars.
She is to step down after ceremonies to mark the 50th anniversary of the island’s independence next week.
Denying wrongdoing, she said she had refunded all the money, Reuters news agency reports.
Ms Gurib-Fakim is a renowned scientist and in 2015 became the first woman to be appointed to the ceremonial position of president of Mauritius.
“The president of the republic told me that she would resign from office and we agreed on the date of her departure,” Prime Minister Pravind Jugnauth told reporters without giving the chosen date.
“The interest of the country comes first, and I am proud of Mauritius’s image as a model of living democracy in the world.”
He added it would take place before parliament returned at the end of the month.
The Mauritian daily L’Express published bank documents purporting to show Ms Gurib-Fakim had used a credit card given to her by the Planet Earth Institute (PEI) in London to buy thousands of dollars worth of clothes, jewellery and other personal items.
According to the paper, the card was given to her as part of her work as an unpaid director for the charity.
One of the organisation’s directors is Angolan businessman Alvaro Sobrinho who, the paper says, secured a permit to found an investment bank in Mauritius, prompting allegations of favouritism.
The king of Wakanda Chadwick Boseman and Lupita Nyong’o.
As “Black Panther” nears a billion in box office worldwide, many Africans have flocked to theaters, sporting traditional African attires with pride to watch their brothers and sisters portrayed as superheroes, a narrative that has been lacking in popular culture.
With the World Bank’s Global Economic Prospects reporting that three of the ten fastest growing economies are in Africa, “Black Panther” provides a vision of what African countries could look like if some things are done right.
The movie is filled with many lessons that African leaders and government officials can take to promote sustainable economic growth, peace and prosperity to build their Wakanda. Here are five:
Empower and elevate women, and ensure you surround yourself with them.
There is no escaping the power of women in “Black Panther.” The newly crowned Prince T’Challa, played by Chadwick Boseman, surrounds himself with powerful women, who he leaned on for guidance, wisdom and strength.
Education can change everything, and technology has the power to be the great equalizer. Because of this, African leaders should focus on STEM at an early age so Africa does not fall behind in the technology sector. Leading this charge for STEM education in Africa is Rwanda.
The country has a strategic plan to transform its economy by 2020 and STEM education is at the nexus. Investing in STEM education will not only confront the rampant unemployment challenges we have, but it will also address the gaps in human resources in Africa to build infrastructure, manage natural resources, and control diseases.
African leaders must take immediate steps to ensure STEM is included in national curricula.
Use natural resources to develop your country, and keep them in the people’s hands for today and tomorrow.
Botswana also invested diamond revenues for future generations using a sovereign wealth fund called the Pula Fund. Botswana is paving the way for their youth to become educated and empowered, and their society to prosper. Other nations must learn from this, it’s the Wakanda way.
Respect cultures and traditions while modernizing and allow them to coexist with the basic tenets of democracy.
Democracy is essential for every country to aspire for. But it comes in many forms — it is not a one size fits all system. In Wakanda, culture and traditions were important.
The Wakandans followed them while evolving their country. They did not simply accept a new form of government because it worked for other societies. Africa has seen charismatic leaders elected democratically and celebrated by the West only for those leaders to change the rules to fit them.
Democracy can be manipulated. We saw that recently in Rwanda, and in Uganda for years. Wakanda seems to embrace and exhibit some of the basic tenets of democracy while respecting their culture and tradition. For example, while there were no elections, certain citizens could challenge the king to win the throne.
This was their form of election and it was valued and respected. While we modernize and develop our society, we should remember the positive traditions and cultures that got us here and preserve them as we modernize. This is a firm lesson for African leaders.
Embrace the natural habitat of the land while developing and building up.
In Wakandan architecture, we saw red dirt and market places while alongside super railways and skyscrapers.
Many roads in Africa are built with asphalt which is highly expensive and difficult to procure. Wakandans built using the natural habitat, and fortunately, this is possible in Africa. For example, the Nubian Vault technique has been used since the ancient kingdom of Nubia, located in the Nile Valley in Egypt and Sudan. Environmentalists laud this as environmentally friendly and sustainable, and can help mitigate the effects of climate change.
African leaders must support architectural innovation with their natural habitat.
“Black Panther” inspired me to imagine what Africa could be if our leaders take some bold and collective actions.
It also inspired me that we should all be a part of this Wakanda-like development journey by developing leaders, specifically in the public service, that will passionately serve their people, protect their natural resources, embrace innovation and preserve cultures and traditions that are worth preserving.
*Source CNN.Taa is a Liberian Entrepreneur, Advocate and Philanthropist and the founder and CEO of the Khana Group, a leading social impact research and consulting firm in Africa. Taa has consulted with McKinsey, Deloitte and other consulting firms and was recently awarded the Business Leadership Excellence Award and inducted into the African Leadership Magazine’s CEO Hall of Fame.
FILE (VOA)- Radio Miraya host Lubna Lasu broadcasts the Betna Weekend Edition program in the southern Sudanese city of Juba, April 10, 2010.
Juba – South Sudan’s media authority has suspended the UN – run known as Radio Miraya and ordered its frequency to be switched off in the country, citing failure to comply with directives to register in accordance with the provision of the media regulatory body.
This was announced in the press conference on Friday by Media Authority, asked the National Communication Authority to withdraw the frequency 101FM assigned to the UN radio station for non-compliance with conditions set for acquiring licenses for operation in the country.
The media regulatory body established by the government said the popular radio station should stop broadcasting with effect from today (Friday, March 9, 2018).
The media regulator accuses the UN- backed radio of non-compliance and refusing to be regulated under the country’s media laws.
Mr. Elijah Alier, managing director of the South Sudan Media Authority told a news conference that the radio station operated by the United Mission in South Sudan, UNMISS has failed to obtain a valid operation license.
Alier further says Radio Miyira journalists will not be allowed to cover stories until the suspension is lifted.
He denies criticism that the suspension of the radio station amounts to media censorship.
“This is to inform the public and media houses that the media authority has suspended the operation for persistent non-compliance and refusal to be regulated under the media laws in the Republic of South Sudan,” letter reads in part seen by Panafricanism.
According to the Media Authority’s suspension letter, the decision was taken following notifications starting on June 2017, September, 2017, November 2017 and February 2018.The management of Radio Miraya, the letter alleges has failed to respond in what authorities equate to violation and non-compliance with the media authority orders.
The suspension also came after the Country’s Information Minister and Government Spokesperson, Michael Makuei Lueth, who then sanctioned by the UN, had been threatened to shut down the station, earlier saying he would not be afraid to close down the UN-owned radio station meant for peace building.
However, UNMISS spokesperson Francisca Mold says the management of Radio is till in talks with government and that UN – radio will continue to operate.
Since the conflict erupted in 2013, the UN Mission in South Sudan (UNMISS) and the government lead by President Salva Kiir have not been good terms, government has several accused the UNMISS of supporting the country’s rebels lead by former first vice President Dr. Riek Machar.
According to a UN human rights report released last month, Press freedom in South Sudan has been affected by the ongoing conflict.
In July 2017, South Sudan’s authorities said blocked access to some websites such as Sudantribune, Radio Tamazuj, Paanluel and others accusing them of “hostile” reporting.
In the aftermath of conflict, journalists in South Sudan were often complain of harassment and arbitrary detention by the security forces.
According to the Media Authority Act 2013, no one is allowed to provide broadcasting services in the country without valid license.
Moreover, the media body earlier this month, prevented a journalists who have not registered with them to cover a press conference held by the country’s Information Minister.
Scores of shop owners operating around the Nima private residence of Ghana’s President have been given up to next week March 15 to vacate the area.
Operatives of the national security have reportedly visited the area and giving out compensation packages to the shop owners as part of efforts to evict them from the enclave.
The compensation package ranges between GHC3000 and GHC10,000. The country’s forex against the US Dollar currently stands at GHC4.3 to a dollar.
However, the shop owners are grumbling over what they say is the woefully inadequate compensation considering the fact that their means of livelihood is being taken away from them.
“They have given us the money but we are not happy about the amount. Some of us have been here for more than 20 years and all we could get is GHC3000. How do I take care of my family of six with this small money? I have been selling Gari (cassava flakes) and Beans here for 22 years, now I have no place to go and sell and they want me to move by next week,” one of the affected persons said.
Sources familiar with the development say the President has out of sympathy resisted efforts by the national security to pack out the shop owners.
Meanwhile, there are still concerns over why the Ghanaian leader has refused to move to the official presidential residence – Flagstaff House- even though he works from there on daily basis.
A World Bank Strategic Country Diagnostics (SCD) of Ghana has discovered that poor management of the Economy and the Country’s Natural Resources are the main challenges hindering the sustainability of Ghana’s socioeconomic development efforts.
The research sponsored by the World Bank as well as the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) focused on three thematic areas; Ghana’s state of development, why Ghana is where it is and the Pathway forward and Emerging Constraints.
Strategic Country Diagnostics among other functions identify the most important challenges and opportunities a country faces in achieving poverty reduction and shared prosperity in a sustainable way. It is based on analysis elaborated in close consultation with all stakeholders and aims to contribute to the government’s development planning process.
The SCD also serves as the basis for the World Bank Group’s Country Partnership Framework (CPF). The CPF acts as the guide to the World Bank Group on the kind of support it should offer to its member countries.
Findings of the Ghana Systematic Country Diagnostic
According to the Ghana specific diagnostics, the country by and large has been at the forefront of poverty reduction in Africa since the 1990s.
However, the study discovered that the poverty status of individuals in Ghana is strongly correlated with the type of employment they have such as being employed in the private sector, public sector or self-employed.
The study also identified declining government effectiveness, complex economic management of the natural resource-rich country, constraints on private sector growth and a costly large public sector are the reasons why Ghana is where it is in its poverty reduction efforts.
The report recommended three essential pathways that will propel Ghana to a State where its poverty reduction efforts can gain momentum.
The first is quality Labour-intensive growth.
At the micro level the report suggest that government support for the private sector needs to improve as that is sure way to speed up the growth process of the country.
It also recommended increase in education spending, access to land and access to electricity.
At the Macro level, the report said new systems need to be put in place for the management of the country’s natural resources. If these are carried out, the outcome would be poverty reduction through more and better jobs.
The second pathway according to the report is efficient public service provision. Transparent and accountable fiscal decentralization, government effectiveness and sector financial planning will result in Public services facilitated development and improved revenue mobilization.
The last is spatial equality and reduced vulnerability. The report said spatially equal services such as health, sanitation and water, social protection are key to the fight to reduce poverty.
If this is done, there would be more equal opportunities and access to services, and reduce disparity between urban and rural dwellers, the report added
The prizes were created by writer Donald Windham and also carry the name of his partner Sandy M Campbell. They were first awarded in 2013 to “provide writers with the opportunity to focus on their work independent of financial concerns”.
Makumbi said news of the award came out of the blue. “It’s American, and normally it’s people who have got so many books [behind them],” she said. “So I’m surprised how I was one of them.”
Makumbi’s debut novel Kintu was first published in Kenya four years ago after British publishers rejected it for being “too African”. It was finally released in the UK this January.
The author said British publishers and readers like to have something they can relate to – be it Western characters or familiar settings and storylines – if they’re reading about Africa.
But she describes Kintu as “proper, proper Africa”.
The book conjures myths and legends to tell the story of a Ugandan family who believe they have been cursed over 250 years.
“I had really locked Europe out,” Makumbi says. “But it was a little bit too much – the language, the way I wrote it – they [Brits] were not used to that kind of writing. But they are beginning now to open up I think.
“Readers are realising, OK, if I want to explore Africa I’d rather be told from an African point of view rather than being told things that I’m expected to want to know.”
‘It’s about getting a paycheque’
Makumbi was a high school teacher before moving to the UK to pursue her dream of a writing career. She began by studying creative writing in Manchester, then wrote Kintu while doing a PhD in Lancaster.
The Windham Campbell Prize will help spread the word about the book – but for Makumbi, for now at least, the prize money will be the thing that changes her life.
“I would like to say it’s more about getting to be known and whatever, but mainly it’s about getting a paycheque,” she admits.
“It’s mainly about [doing] ordinary things that other people do that have a job. I have a partner but he’s not earning much and I’ve not been really pulling my weight.
“I’ve just been taking and taking, and we are a working class family, so it’s huge. And then, of course, now I can go and do research in different countries for my next project.”
‘Shocked’ by British life
She didn’t have to travel far to research a short story collection that will come out next January. It’s title is Love Made in Manchester.
“I write the stories as a way of writing back to Ugandans, informing them what happens to us,” she says. “I’m telling them, ‘You want to come to Britain? Hang on a minute. First read my story.'”
So what impression will Ugandans get of Britain if they do?
“It’s not the world that they’ve been told it is. When you’re in Uganda, Britain is the London Eye, Buckingham Palace, The Savoy, The Ritz – because this is how Britain markets itself.
“You never see the working class. That is what takes you by surprise. It’s just shocking.
“You come here and see the working class and you’re like, I should have paid attention to Dickens!”
Merck Foundation discusses their commitment to building healthcare capacity with the President of Niger
NIAMEY, Niger, March 8, 2018/ —
Merck Foundation, in partnership with the First Lady of Niger builds healthcare capacity in the country with special focus on Cancer, Diabetes and Infertility.
Merck Foundation appoints the first Lady of Niger, as an Ambassador of Merck More than a Mother.
Merck Foundation discusses their commitment to building healthcare capacity with the President of Niger.
Merck Foundation appointed the First Lady of Niger H.E. Mrs. Aissata Issoufou Mahamadou as an Ambassador of ‘Merck More Than a Mother’
Merck (www.Merck.com) launched their Merck Foundation (www.Merck-Foundation.com) in Niger in partnership with the First Lady of Niger and their Ministry of Health (www.NigerStateMoH.org). During the launch event Merck Foundation, a non-profit organization and a subsidiary of Merck KGaA Germany, marked ‘International women’s Day’ in Niger to empower infertile women through “Merck More Than a Mother” campaign.
During the event, Prof. Frank Stangenberg-Haverkamp, Chairman of the Executive Board of E.Merck KG and the Chairman of Merck Foundation Board of Trustees emphasized, “We are very proud to launch our Merck Foundation in partnership with the First Lady of Niger and Ministry of Health to build healthcare capacity, improve access to Cancer and Diabetes care and to empower infertile women in the country.”
Dr. Rasha Kelej CEO of Merck Foundation explained, “We are very proud to appoint H.E. Mrs. Aissata Issoufou Mahamadou, the First Lady of The Republic of Niger, as an ambassador of ‘Merck More Than a Mother’ campaign, to work closely with Merck Foundation in defining interventions to break the stigma around childless women across the country. Through our partnership, we will transform the lives of those unprivileged women, women who suffered all their lives from the Infertility stigma.”
L-R) Prof. Frank Stangenberg-Haverkamp, Chairman of the Executive Board of E.Merck KG and the Chairman of Merck Foundation Board of Trustees, Her Excellency, the First Lady of Niger, H.E. Mrs. Aissata Issoufou Mahamadou and Dr. Rasha Kelej, the CEO of Merck Foundation
Her Excellency, the First Lady of Niger, H.E. Mrs. Aissata Issoufou Mahamadou emphasized, “I truly value our partnership with Merck Foundation. I firmly believe that building professional capacity is a good strategy to help our government to improve access to healthcare in our country. I will also work closely with Merck foundation to break the stigma around infertility at all levels by raising awareness, training the skills of local experts and by supporting childless women in starting their small businesses.”
She added “Currently, we don’t have any oncologist or fertility specialists in Niger, we even do not have cancer care facility and fertility clinic in the country. Merck Foundation makes history in the Niger, through its ‘Merck Oncology Fellowship Program’ and ‘Merck More Than a Mother’. They will provide training to the first oncologists and fertility specialists for Niger.
L-R) Dr. Rasha Kelej, the CEO of Merck Foundation, Prof. Frank Stangenberg-Haverkamp, Chairman of the Executive Board of E.Merck KG and the Chairman of Merck Foundation Board of Trustees discussed long-term commitment to healthcare capacity building with the President of Niger H.E. Mahamadou Issoufou
“As per the information received from the Ministry of Health, for 22 Million population, Niger has only six oncologists, one hematologist, and 12 radiotherapists. This gap is of course not enough to give proper access to quality and equitable cancer care across the country. We hope we can significantly increase the number of oncologists in the next three years.” Rasha Kelej added.
Merck foundation is committed to providing one-year to two-years Oncology Fellowship Programs and Clinical Fertility Management Training to four candidates from Niger in 2018 and is determined to provide training to more candidates in the future.
Merck Foundation met the President of Niger H.E. Mahamadou Issoufou to discuss and underscore our long-term commitment to healthcare capacity building, and empowering women and youth in Niger through our impactful programs; Merck Cancer Access Program and Merck More Than a Mother in partnership with the First Lady of Niger H.E. Mrs. Aissata Issoufou Mahamadou
Moreover, Merck Foundation is committed to contributing toward advancing Diabetes Care in Niger, by providing online Diabetes Management Diploma in the French language, for medical postgraduates in Niger and other Francophone African countries, so that they can learn more about diagnosis and treatment of diabetes. The course is accredited by ‘Royal College of General Practitioners’ in the UK.
About Merck Foundation in Niger:
Merck Foundation is going to provide the oncology and clinical fertility training to the following healthcare professionals from Niger:
1. Dr. Mamadou Oumarou Ramatou- Adult medical oncology
2. Dr. Mahamadou Aichatou- Paediatric Oncology
3. Dr. Alhousseini Alhassane Laila- Radiation oncology
4. Dr. Moussa Soffo Issa- Radiation technician
Clinical Fertility Management Training
1. Dr. Abdoulaye Maiga
2. Dr. Barkire Fatoumatou
3. Dr. Lawali Chekarao Mamadou.
So far, candidates from Uganda, Zambia, Ethiopia, Namibia, Tanzania, Ghana, Sierra Leone, South Africa, Botswana, Liberia, Rwanda, Kenya, Chad, Niger, Guinea, Gambia, Sri Lanka, Cambodia, Bangladesh, Myanmar, and Nepal have benefitted from Merck Foundation’s training programs in fertility or oncology fellowships. Merck Foundation aims to expand to more African and Asian countries soon.
(L-R) Hon. Dr. Idi Illiassou Mainassara, Minister of Public Health for Niger, Prof. Frank Stangenberg-Haverkamp, Chairman of the Executive Board of E.Merck KG and the Chairman of Merck Foundation Board of Trustees and Dr. Rasha Kelej, the CEO of Merck Foundation discussing Merck Foundation’s long-term commitment to building healthcare capacity in Niger
The Merck Foundation (www.Merck-Foundation.com), established in 2017, is a philanthropic organization that aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to innovative healthcare solutions in underserved communities, building healthcare and scientific research capacity and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please go to www.Merck-Foundation.com to read more and/or register online to interact and exchange experience with our registered members.
Merck Foundation is a subsidiary of Merck KGaA Germany
Merck (www.Merck.com) is a leading science and technology company in healthcare, life science and performance materials. Around 50,000 employees work to further develop technologies that improve and enhance life – from biopharmaceutical therapies to treat cancer or multiple sclerosis, cutting-edge systems for scientific research and production, to liquid crystals for smartphones and LCD televisions. In 2016, Merck generated sales of € 15.0 billion in 66 countries.
Founded in 1668, Merck is the world’s oldest pharmaceutical and chemical company. The founding family remains the majority owner of the publicly listed corporate group. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the company operates as EMD Serono, MilliporeSigma and EMD Performance Materials
In Africa 6000 girls are mutilated everyday, 200 million women live with the effects of FGM/C, and 30 million girls are still at risk over the next decades
DAKAR, Senegal, March 8, 2018/ — African women take the lead to end female genital mutilation and early child marriage in Africa through the strategic launch of THE BIG SISTER MOVEMENT.
The BIG SISTER MOVEMENT (BSM) is the largest grassroots coalition of Local NGOs led by women survivors of FGM/C’s from The Gambia, Sierra Leone, Nigeria, Kenya and Somalia with the aim of giving back the testimonies and scope of actions to survivors, to enable them to tell their own stories, advocate and find grassroots solutions to the issue of FGM/C in Africa.
“For too long, international organizations have been leading the campaign in Africa, implementing programs together with local activists in our communities. The time has come for Africans across the Continent and the world to be at the forefront of the campaign to end female genital mutilation and early child marriage in Africa by 2030”, according to Jaha Dukureh, a Founding Coalition Member & 2018 Nobel Peace Prize Nominee.
“African women tend to be perceived as women who need to be saved. They are never considered as the actual saviours.This is what the Big Sister Movement is about. This is the reason for us choosing the International Women’s day to launch our movement, precisely to empower this vision”, added Augustine Abu, a BSM Coalition member.
In Africa 6000 girls are mutilated everyday, 200 million women live with the effects of FGM/C, and 30 million girls are still at risk over the next decades.
The Big Sister Movement is connected by the common goal to ban FGM/C in Africa and to ensure that the ban is implemented across all AU Member Countries where the practice is still dominant through the strategic training and empowerment of grassroots leaders and campaigner
Safe Hands for Girls (www.SafeHandsForGirls.com) was founded in 2015 by Jaha Dukureh to help bring an end to female genital mutilation (FGM) and other forms of gender-violence.
Index shows Ghana has the highest percentage of women business owners worldwide. Uganda is third overall.
Africa – 8 March 2018 – Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE) today, it was revealed that 46.4 percent of businesses in Ghana are owned by women, making it one of the top performing African countries highlighted in the index.
The MIWE is a weighted index that helps to better understand and identify factors and conditions that are most conducive to closing the gender gap among business owners in any given economy. The three factors include Women’s Advancement Outcomes, Access to Knowledge and Financial Services, and Supporting Entrepreneurial Factors. The Index examined 57 different economies around the globe, including Botswana, Ethiopia, South Africa and Uganda; with Ghana, Nigeria and Malawi as new additions.
Nigeria and Ghana scored particularly well in terms of advancement outcomes: the women entrepreneurial activity rate was 100 percent, with overall scores in this regard coming in at 62.4 percent and 59.1 percent respectively. African countries also scored highly in women labour force participation – with Malawi at 100 percent, Ghana at 96.1 percent, and Ethiopia at 86.6 percent.
South Africa excelled in sharing knowledge assets with women and providing financial access, with a score of 84.3 percent– coming in 6th out of 57 countries. Botswana followed closely with a score of 73 percent. Botswana and South Africa were the highest scoring African countries in the Index overall with scores of 66.5 percent and 64.2 percent respectively.
When compared to other African markets surveyed Botswana leads the charge with the highest rate of Supporting Entrepreneurial Conditions, at 68.1 percent, this is an increase of 2 percent from last year. Indicating that the country has positive Cultural Perceptions of Women Entrepreneurs and Quality of Governance. The continent scored highly in terms of women Financial Inclusion with South Africa at 98.7 percent, Ghana scoring 84.6 percent, and 77.1 percent in Ethiopia.
The Index results revealed that female entrepreneurs in developing countries are driven by grit and determination, along with a desire to provide for their families. The findings reinforce that women entrepreneurs are the backbone of economic growth and powerful engines of development and financial inclusion, especially in Africa. The Index also showed an interesting contrast: women’s progress and advancement as entrepreneurs is not necessarily aligned to the pace of their own country’s economic growth and wealth. In fact, the highest rates of ownership are seen in developing economies where entrepreneurship is typically necessity-driven.
Women entrepreneurs in Africa and other developing markets have proven to be equally vibrant, resourceful and innovative in finding opportunities to improve their own lives as well as create a better future for their children.
“Botswana, Ghana and Uganda shine as examples of women’s determination to provide for themselves and their families and Africa excels at creating strong women entrepreneurs with the drive to succeed even in the face of financial, regulatory or technical constraints,” says Beatrice Cornacchia, Head of Marketing and Communications, Middle East and Africa, Mastercard.
An interesting outcome of the Index is that cultural perceptions of women entrepreneurs in Africa are predominantly positive – at 69.1 percent in Uganda and 67.2 percent in Nigeria, this is well above their Middle Eastern counterparts.
According to the Index, some women’s inclination towards business ownership may be undermined by limited access to education, financial and entrepreneurial opportunities. These are by no means only African – or developing – countries challenges, however. Women entrepreneurs even in developed nations face cultural and gender biases that restrict them from opening or expanding their own businesses.
These constraints are acting as barriers preventing women from starting businesses in the majority of the 57 countries surveyed. In New Zealand, the top ranked country overall for example, results revealed that society is less receptive towards female entrepreneurs because they are not perceived as having the same level of know-how as men. In Portugal, which ranked 6th on the Index with a score of 69.1 percent, women are not only constrained by a lack of cultural acceptance, but difficulties in getting bank loans, insurance, or trade finance. Even Botswana – which emerged as the top ranked African country on the Index at 14 with a score of 66.5 percent – has seen an increasing gender bias that acts as a barrier to women opening businesses.
This indicates that changes need to be implemented not just within society itself, but at economic, financial and political levels. “This requires collective action from public and private sector partners to implement initiatives that provide African women with the necessary education, training and mentorship to develop financial literacy to start and run successful and sustainable businesses,” Cornacchia concludes.
The Mastercard Index of Women Entrepreneurs tracks female entrepreneurs’ ability to capitalize on opportunities granted through various supporting conditions within their local environments and is the weighted sum of three components: 1) Women’s Advancement Outcomes (degree of bias against women as workforce participants, political and business leaders, as well as the financial strength and entrepreneurial inclination of women), 2) Knowledge Assets and Financial Assets (degree of access women have to basic financial services, advanced knowledge assets, and support for small and medium enterprises), and 3) Supporting Entrepreneurial Conditions (overall perceptions on the ease on conducting business locally, quality of local governance, women’s perception of safety levels and cultural perception of women’s household financial influence).
The Index uses 12 indicators and 25 sub-indicators to look at how 57 economies across Asia Pacific, Middle East & Africa, North America, Latin America and Europe, representing 78.6 percent of the world’s female labour force, differ in terms of the level of the three components.
Mastercard Index of Women Entrepreneurs – Top 10 markets with the strongest supporting conditions and opportunities for women to thrive as entrepreneurs
New Zealand – 74.2
Sweden – 71.3
Canada – 70.9
United States – 70.8
Singapore – 69.2
Portugal – 69.1
Australia – 68.9
Belgium – 68.7
Philippines – 68.0
United Kingdom – 67.9
Women business owners as a percentage of all business owners – Top 10 markets
Ghana – 46.4%
Russia – 34.6%
Uganda – 33.8%
New Zealand – 33.0%
Australia – 32.1%
Vietnam – 31.3%
Poland – 30.3%
Spain – 29.4%
Portugal – 28.7%
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.
Ugandans, who have two actors featured in Black Panther – Daniel Kaluuya and Florence Kasumba – have been busy showing why the African country Wakanda is actually Uganda, since the movie premiered on the continent two weeks ago.
With some scenes from the movie shot on location from Mountain Rwenzori and Bwindi Impenetrable Forest national park, in southwest Uganda, who can blame them for staking their claim?
Ugandans are also not taking the rhyming of Wakanda with Uganda for granted, nor have they glossed over the fact that Kaluuya’s character in the movie is called W’kabi, (read, Wakabi).
And the British-born actor himself put a Ugandan seal on the movie when he turned up for the world premiere of the box office record-breaking movie dressed in a traditional kanzu. Some have already taken to social media, wooing the world to come vacation in Uganda and see more of Wakanda.
Africans just cannot get enough of the first Marvel superhero movie with a predominantly black cast. In Ugandan cinemas, tickets are still selling out like hot cake, as even those who have watched it claim to return for second screenings of the movie that casts Africa and Pan-Africanism in positive light.
Hollywood movies set in Africa often depict the continent as a war-torn environment filled with poverty and suffering. Black Panther has received rave reviews from critics and cinemagoers that have flocked its premieres in Uganda, Nigeria and South Africa, among others.
Some of the cast flew to South Africa for the premiere, with Kenyan-born actress Lupita Nyong’o, tweeting “the excitement is spellbinding”.
In Nigeria’s commercial capital, Lagos, film fans, Nollywood stars and comedians were dressed in traditional robes and gowns, with some opting to wear specially-made attire in keeping with the film’s futuristic take on African garments. Kaluuya had set the fashion pace at the world premiere with his kanzu worn with a maroon velvet jacket.
“Black Panther is a film that celebrates black excellence…it is especially exciting,” said Bolaji Kekere-Ekun, a 33-year-old filmmaker. “The people who made the film were very specific about the references they used in relationship to Africa. They are pulling from the best fashion and art.”
Black Panther is set in the fictional African nation of Wakanda. It tells the story of the new king, T’Challa/Black Panther (Chadwick Boseman), who is challenged by rival factions.
“We put our heart and soul into it because we knew it was a great opportunity,” Boseman, 41, said during a Twitter Q&A. “But to see how people have responded to it, it’s unlike anything I’ve ever seen. It’s crazy.”
The fictional African country is depicted as a verdant land with stunning waterfalls where spacecraft designed like tribal masks soar over a modern metropolis.
Directed by black director Ryan Coogler and featuring actors including Michael B. Jordan, Angela Bassett, Nyong’o and Forest Whittaker, the film has received widespread critical acclaim after years of criticism about the under-representation of black people in Hollywood.
Black Panther scored the largest box office debuts ever in West Africa and East Africa, generating about $400,000 and $300,000, respectively.
Big-screen company Imax Corp said its theaters in Kenya and Nigeria had their biggest results ever with Black Panther.
With more than five million posts, Black Panther is also the most tweeted-about movie of 2018 – ahead even of Star Wars: The Last Jedi.
Various analysts said they expect Black Panther to do for ethnic diversity what last Warner Bros smash hit Wonder Woman did for women – which was to persuade film executives that blockbuster movies don’t need white male leads to sell tickets.
The film’s release comes less than two months after US president Donald Trump was quoted calling African countries “shitholes”.