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.
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.
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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
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.
JUBA, South Sudan – File photo shows Sudanese President Omar al-Bashir (L) and South Sudanese President Salva Kiir shaking hands at Kiir’s presidential office in Juba in April 2013. (Kyodo)
Juba – South Sudan has formally applied observer status in 22-nation regional organization of the Arab League, reported the official Egyptian Middle East news agency (MENA) on Tuesday.
The League’s main goal is to draw closer the relations between member states and to safeguard sovereignty, and to consider in a general way the affairs and interests of the Arab countries.
South Sudan’s Ministry of Foreign Affairs’ Spokesperson, Amb Mawien Makol says the country have not applied for membership but to be observer in Arab League.
He argued that the decision for South Sudan to have observer status in the Arab bloc was to discuss important issues including waters of the Nile River and security, these issues need South Sudan to be present in Arab League.
The Country’s diplomat said his government haven’t submitted an officially application for membership in Arab League, but [government] was keen only in obtaining the observer status in the regional organization.
“We haven’t applied for a membership. We are not a full member. We would not pay fees to the League, so we are not required to commit to other things,” Amb. Mawien told Panafricanism.
He said South Sudanese ambassador to Cairo will be present when issues to do with South Sudan are discussed by the Arab League body.
MENA quoted report that South Sudan’s request to join the regional body would be referred to the Arab League Council which was scheduled to hold its 149th session this week at the level of the foreign ministers. If approved, South Sudan would be the 23rd member of the regional organization.
The Arab League’s current member states include: Egypt, Morocco, Jordan, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Yemen, Iraq, Syria (membership suspended), Tunisia, Oman, Lebanon, Qatar, the Comoros, Sudan, Palestine, Algeria, Mauritania and Libya.
Besides Sudan, Somalia, Djibouti and Comoros are the other East African states members of the League of Arab States.
The use of the Arabic language as an official language is a prerequisite to joining the Arab body.
This has been talked point for South Sudanese officials since the secession from Sudan in July 2011 to join Arab League States.
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”.
In many corners of the world, 2018 is shaping up to be yet another disappointing year, with inequality and poverty continuing to fuel anger and populism. While Africa will not be entirely immune from such developments, its inhabitants have at least eight good reasons – far more than most people elsewhere – to be optimistic.
GENEVA – We are still near the start of 2018, and already it feels like tension and disorder will be the year’s defining characteristics. From anti-immigration policies in the United States to flaring geopolitical hotspots in the Middle East and East Asia, disruption, upheaval, and uncertainty seem to be the order of the day.
But at least one metric offers reason for cautious optimism: economic growth. The International Monetary Fund estimatesthat global growth will reach 3.7% this year, up from 3.6% in 2017. As Christine Lagarde, the Fund’s managing director, put it in a speech in December, “The sun is shining through the clouds and helping most economies generate the strongest growth since the financial crisis.”
It was fitting that Lagarde made that observation in Addis Ababa, because it is in Africa where the rays of prosperity are shining brightest. In fact, I predict that 2018 will be a breakout year for many – though not all – African economies, owing to gains in eight key areas.
For starters, Africa is poised for a modest, if fragmented, growth recovery. Following three years of weak economic performance, overall growth is expected to accelerate to 3.5% this year, from 2.9% in 2017. This year’s projected gains will come amid improved global conditions, increased oil output, and the easing of drought conditions in the east and south.
To be sure, growth will be uneven. While nearly a third of African economies will grow by around 5%, slowdowns are likely in at least a dozen others. Sharp increases in public debt, which has reached 50% of GDP in nearly half of Sub-Saharan countries, are particularly worrying. But, overall, Africa is positioned for a positive year.
Second, Africa’s political landscape is liberalizing. Some of Africa’s longest-serving presidents – including Zimbabwe’s Robert Mugabe, Angola’s José Eduardo dos Santos, and the Gambia’s Yahya Jammeh – exited in 2017. In South Africa, Jacob Zuma’s resignation allowed Cyril Ramaphosa to become president. In January, Liberians witnessed their country’s first peaceful transfer of power since 1944, when former soccer star George Weah was sworn into office.
*CAROLINE KENDE-ROBB , former chief adviser to the International Commission on Financing Global Education Opportunity, is a senior fellow at the African Center for Economic Transformation. This piece was originally published in Project Syndicate
Ethiopia’s Minister of Foreign Affairs Workneh Gebeyehu (center R) walks the red carpet with U.S. Secretary of State Rex Tillerson as he arrives to begin a six-day trip in Africa, landing at Addis Ababa International Airport in Addis Ababa, March 7, 2018.
China and Russia are working to expand their influence across Africa, hoping to outspend or out-compete the United States, U.S. officials warn, describing it as part of a larger effort by both countries to reshape the world order.
For months, top national security officials have been talking about the reemergence of what they describe as a great power competition, calling out China and Russia as the two countries doing the most to counter the United States.
Officials say the efforts by Beijing and Moscow are both regional and global, with both pursuing strategies to deny the U.S. access to conflict zones in times of crisis and to commercial markets in times of peace.
And in Africa, both are trying to portray themselves as viable, if not essential, alternatives to the United States.
On Tuesday, the commander of U.S. forces in Africa told lawmakers it is now critical for African countries to know Washington can and will remain a steadfast partner.
“It’s important that we’re there, that we’re present and that the African people see our commitment,” U.S. Africa Command’s Gen. Thomas Waldhauser told the House Armed Services Committee.
China’s expanding influence
Concerns about China’s ever-expanding reach into Africa are not new. U.S. intelligence warned this past September (2017) that Beijing’s first overseas military base, at Doraleh, in the east African nation of Djibouti, was likely to be the first of many.
“China seeks to build [military bases] around the world, creating new areas of intersecting, and potentially conflicting, security interests between China and the United States,” an intelligence official said at the time.
For U.S. Africa Command, perhaps no situation is as concerning as the one in Djibouti, home to Camp Lemonnier, the only permanent U.S. military installation on the African continent and a hub for U.S. counterterror operations.
Gen. Waldhauser described the Chinese military base at Doraleh as, “right outside our gates.” And despite some efforts to work with the Chinese, in areas like medical aid and training, U.S. defense officials remain wary.
“We are not naïve,” said Waldhauser Tuesday. “We are taking significant steps on the counterintelligence side so that we have all the defenses that we need.”
But China’s military might in Africa, including its approximately 2,500 peacekeepers, is not what has U.S. defense, intelligence and diplomatic officials most concerned.
Rather, they point to the way Beijing relies on economic aid and promises of development to bring countries like Djibouti into its sphere of influence.
“The Chinese there are building facilities. They’re building a shopping mall. They built a soccer stadium,” Waldhauser said. “They built the infrastructure for communications in Djibouti.”
“When we talk about influence and access, this is a classic example,” he added. “We’ll never outspend the Chinese.”
U.S. Secretary of State Rex Tillerson on Tuesday went as far as to accuse China of “encouraging dependency” in its approach to the continent.
“Chinese investment does have the potential to address Africa’s infrastructure gap but its approach has led to mounting debt and few, if any, jobs in most countries. When coupled with the political and fiscal pressure, this endangers Africa’s natural resources and its long-term economic, political stability,” noted Tillerson in a speech hours before leaving on a five-country African trip.
Other U.S. officials have also raised concerns about the high levels of debt some nations are incurring as they increasingly accept Chinese loans. By some U.S. estimates, Djibouti, which is home to the U.S. military base, owes more than $1.2 billion to Beijing.
That has sparked fears among some U.S. lawmakers that China could make a play to take control of Djibouti’s key port, the Doraleh Container Terminal.
Djibouti took control of the port citing a contract dispute with the former operator, Dubai-based DP World.
“Reports that I’ve read say that they didn’t seize it for purposes of operating it for profit, but that they actually intend to gift it to China,” Republican Representative Bradley Byrne (from Louisiana) said during Tuesday’s hearing with Africa Command’s Gen. Waldhauser.
“The Chinese aren’t there for purely charitable reasons,” Byrne said. “We all would recognize that.”
U.S. defense officials admit that if China does take over the port and decides to impose any restrictions, the consequences could be significant – impacting the military’s ability to refuel ships and to resupply Camp Lemonnier and other outposts across Africa.
Russia’s focus on Africa
Russia, too, is making Africa more of a focus.
Russian Foreign Minister Sergey Lavrov visits Africa this week, starting with a stop in Zimbabwe, where Moscow has been cultivating economic ties, including a $3 billion investment in platinum mining, while also pursuing deeper military ties.
There has also been extensive Russian outreach to northern African nations, particularly countries like Libya which border on the Mediterranean.
“Our concern would be their ability to influence and be on the southern flank of NATO, and also them to kind of squeeze us out, if you will, by them taking a prominent role,” said U.S. Africa Command’s Waldhauser.
Russian officials say they have no plans to back down.
“African countries view the development of cooperation in the military and technical sphere as an instrument of ensuring their sovereignty, independence and countering the pressure of Western countries,” Andrei Kemarksy, director of the Russian Foreign Ministry’s Africa Department told the Tass news agency last month.
“We are training both military and police personnel for peacekeeping operations,” Kemarksy added.
Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth
The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment
ABIDJAN, Ivory Coast, March 7, 2018/ — The African Development Bank (www.AfDB.org) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.”
The meeting described the continent’s growing young population as a potential growth engine for the world.
“The good news is that the solution is within our reach and will require investments,” said Akinwumi Adesina, President of the African Development Bank.
At the end of a two-day consultation at the headquarters of the Bank in Abidjan, CÕte d’Ivoire, the Bank and the Governors discussed strategizes for closing Africa’s $170 billion infrastructure investment gap.
To bridge the investment gap, ensure inclusive growth, and create employment for the continent’s population, the meeting endorsed the African Development Bank-led African Investment Forum and described it as a timely opportunity to catalyze investments into projects and attract social impact financing to Africa.
Tanzania’s Minister for Finance and Planning, Isdor Mpango, called for closer involvement of the private sector in financing development on the continent.
“The African Development Bank is well positioned to advise and assist Governments and the private sector to come up with bankable projects,” Mpango said, calling for direct resources to provide budget support and investment opportunities.”
Through the African Investment Forum, scheduled for November 7-9, 2018 in Johannesburg, South Africa, the Bank and its partners intend to showcase bankable projects, attract financing, and provide platforms for investing across Africa. The forum will bring together the African Development Bank and other global multilateral financial institutions to de-risk investments at scale.
“A uniqueness of the African Investment Forum is that there will be no speeches. The only speeches will be transactions,” said President Adesina.
Rwanda’s Minister of Finance and Economic Planning, Claver Gatete said: “The African Development Bank has already discussed the concept of the African Investment Forum with us. The Rwandan Government takes this Forum very seriously.”
“Jobs will come from industrialization. The new approach using the African Investment Forum to de-risk the sector and attract investors is the way to go,” said Kiplagat Rotich, Kenyan Finance Minister.
13 per cent of the world’s population is estimated to live in sub-Saharan Africa today. That number is projected to more than double by 2050. Four billion (or 36 per cent of the world’s population) could live in the region by 2100, according to the UN Population Division. Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on earth.
According to Adesina, “We have 12 years left to the SDGs. It is an alarm bell because if Africa does not achieve the SDGs, the world won’t achieve them. The African Development Bank is accelerating development across Africa through the High 5s. We are deepening our reforms. We deepened our disbursements to the highest levels ever last year and we are leveraging more resources for Africa.”
Tunisia’s Finance Minister Zied Ladhari recalled how the Bank’s 11-year temporary relocation to his country helped strengthen the bonds between them. “We share the Bank’s vision. Africa is the continent of the future. This is a great Africa moment with the Bank at the centre. Unleashing the potential of African economies is a task which the Bank must accomplish.”
As part of the Bank’s High 5 agenda, 13 million African women have benefitted from new electricity connections and 23 million from improvements in agriculture. Also, 10 million African women have benefited from investee projects
An analysis of the African Development Bank’s impact from 2010-2017 indicates that 27 million Africans gained access to new electricity connections. 899,000 small businesses were provided with financial services. 35 million have benefitted from improved access to water and sanitation.
“With the Bank’s support, Somalia has evolved from a failed to a fragile state,” asserted Somalia’s Finance Minister, Abdirahman Beileh. “The African Development Bank has been with us throughout. Together we can reach the bright light at the end of the tunnel.”
Algeria’s Finance Minister, Abderahmane Raouia, said “The biggest challenge for Africa today is job creation. It is a stake of stability and a lever to pull economic growth upwards. We must offer job opportunities for young people to convince them to stay here on the continent.”
According to Simon Mizrahi, Director, Delivery, Performance Management and Results, the Bank needs to move from billions to trillions in its funding and leveraging effect.
Egypt’s Ambassador to Côte d’Ivoire, Mohamed El-Hamzawi, who represented the Finance Minister, said the country has seen two revolutions in 2011 and 2014. He thanked the Bank for supporting the country’s macroeconomic stabilization, financial reforms, infrastructure, and energy projects, among others.
Morocco’s Economy and Finance Minister, Mohammed Boussaid, praised the Bank’s ambition for Africa, and underscored its support for energy, agriculture and infrastructure projects. He said “a capital increase today is not a choice, it is a necessity. Today, the leading export sector in Morocco no longer belongs to traditional sectors, such as phosphates, but to the automotive industry. This generates jobs and adds value for sustainable and robust growth.”
With a substantive capital increase, the African Development will be able to execute its robust pipeline of operations (15bn in 2018 alone), including infrastructure and regional integration projects. The prospects for 2018-2020 are bright, with 50.3 million people benefitting from improved access to transport compared to 14 million in 2017. Also, more than 35 million people are expected to benefit from new or improved electricity connections, in contrast to 4.4 million delivered in 2017.
The African Development Bank Group (AfDB) (www.AfDB.org) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.
Clockwise from top left: Sanford Bigger’s “Bam”; a bodypainting work by Laolu Senbanjo; the cover of Nnedi Okorafor’s Who Fears Death; Janelle Monae’s album The ArchAndroid; poster from Black Panther; Awol Erizku’s “Girl With A Bamboo Earring”.
A decade ago, superhero films were almost universally about white male characters, but the buzz around Black Panther reveals a growing appetite for art that pays homage to black history and black power. Within 24 hours of its release, the Marvel film had set a new sales record, helping to mainstream the Afrofuturism movement.
The term Afrofuturism, coined in 1993, seeks to reclaim black identity through art, culture, and political resistance. It is an intersectional lens through which to view possible futures or alternate realities, though it is rooted in chronological fluidity. That’s to say it is as much a reflection of the past as a projection of a brighter future in which black and African culture does not hide in the margins of the white mainstream.
When I grew up in 1970s Nigeria, the country hosted Festac ’77, a famous celebration of African history and culture that welcomed greats from Stevie Wonder to Miriam Makeba. I recall going to the National Arts Theatre and watching Ipi Tombi, a South African musical. The imagery from that experience jumpstarted my career as a director nearly 40 years later.
A parade as part of the Festac ’77 festival, a month long celebration also known as the Second World Black and African Festival of Arts and Culture.
In that era, hope of Africa’s promise was high, but images of the Great African nation, a model of black modernity, died soon after during structural adjustment in the 1980s. Shrinking budgets left little space to dream about fine art or literature.
In Black Panther, the imaginary kingdom of Wakanda – like the fantastical realms of African-American author N.K. Jemisin – resurrects a vision of black sovereignty and success that has long been dormant. As the Nigerian-American author Nnedi Okorafor says, “African science fiction’s blood runs deep, and it’s old, and it’s ready to come forth. And when it does, imagine the new technologies, ideas and sociopolitical changes it will inspire.”
Wakanda, for example, is the world’s most technologically-advanced country. This may seem a far cry from typical depictions of poverty-stricken Africa. However, as it becomes a truly digital-first continent, Afrofuturist films like Black Panther may just be giving us a glimpse at the future.
It can be hard to conjure up images of illustrious black royalty in a present that is fraught with intercommunal tensions. In the past year, racial inequality has been laid bare, from South Africa, where #RhodesMustFall challenged the remnants of brutal colonisation, to the US, where white supremacy groups have come out of the shadows.
Given the sometimes bleak present-day circumstances of Afro-descended people, Afrofuturism is a chance to envision a radical and progressive vision of blackness – one in which justice reigns in superheroes and where black creativity is mystical and fascinating. In this space, black life matters.
The body artwork of the Nigerian artist Laolu Senbanjo (above), for example, paints spiritual motifs on famous figures and reclaims African art in an overtly white culture. Meanwhile, Sanford Bigger’s 2015 work, Bam, features statues “re-sculpted” by real bullets and subtly calls out police brutality in America. These artworks are rooted in techniques and traditions of the diaspora, but are resolutely forward-looking.
Black history often lives in the shadows of modern consciousness. Afrofuturism is a means to discover that history in an impactful and engaging way. Musicians such as Janelle Monae and filmmakers like Ryan Coogler create new vehicles to challenge the status quo.
Time is not linear in this genre. An imagined future can impact the present as it unearths a buried African past. Afrofuturism pieces together parts of a history that people were not privy to as their stories had been sidelined for so long.
Afrofuturist novels in particular offer a unique platform to shed light on Africa’s history. Consider Kindred by Octavia Butler, in which a woman is transported from 1970s California to Africa at the height of the slave trade; or Nnedi Okorafor’s Who Fears Death, about a woman tormented by her sorcerer father in a futuristic, post-apocalyptic Sudan.
Afrofuturism is a channel through which artists can go back in time to give old works of art a new, decidedly African identity. This is the case, for example, with Awol Erizku’s distinctive painting Girl With a Bamboo Earring, a 2012 interpretation of Vermeer’s famous Girl With a Pearl Earring. Like the historical recovery projects black intellectuals have engaged in for over 200 years, Afrofuturism does more than fight the erasing of black contributions to global history: it empowers and reimagines the past for lasting cultural impact.
If life truly imitates art, then art must lead the way in inclusiveness and representations that honour all of us. For Afrofuturism to function not as mere fantasy but as a revelation, it must be mainstreamed by producers and publishers and made equal to white artistic expression. History has been edited and the present is a silencer. But if fact follows fiction, the future will belong to Africa and our storytellers.
(CNN)Secretary of State Rex Tillerson emphasized the real and potential threats posed by extremist groups in sub-Saharan Africa in a wide-ranging speech Tuesday, which centered on the administration’s plans to help African governments strengthen their institutions and governance.
Speaking at George Mason University just hours before he heads to the region for his first official visit, Tillerson spoke of the immense challenges and opportunities presented by huge population growth in Africa, which could threaten global security in the decades ahead.
“The growing population of young people, if left without jobs and a hope for the future, will create new ways for terrorists to exploit the next generation, subverting stability and derailing democratic governments,” said Tillerson. “Leaders will be challenged to innovate to manage limited financial resources they have.”
He recalled the attacks on the US embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania, in the late 1990s and more recent attacks, such as those perpetrated by Boko Haram in Nigeria. He further pointed to the threat posed by ISIS and al Qaeda-affiliated groups on the continent.
“To prevail against such evil forces, the United States has committed to working with African partners to rid the continent and the world of terrorism by addressing drivers of conflict that lead to radicalization and recruitment in the first place, and building the institutional law enforcement capacity of African nations,” said Tillerson. “We want to help African states provide security for their citizens in a lawful manner.”
He praised the role the African Union and G5 Sahel Group have taken on the security and counterterrorism front. Last year, Tillerson pledged $60 million from the US to the G5 security force.
Tillerson said a central pillar of the Trump administration’s policy toward Africa is to make its countries “more resilient and more self-sufficient” to meet this challenge.
“The United States’ role in these and other regional and multilateral efforts is to build capacity — not dependency — so our partners can provide for their own security. That’s true of our approach to peacekeeping on the continent as well,” said Tillerson.
In his speech, Tillerson announced nearly $533 million in additional humanitarian assistance “to fight famine and food insecurity, and address other needs resulting from conflicts in Somalia, South Sudan, Ethiopia and the Lake Chad Basin.”
“The American people, as we always have been, are there to partner with African countries to ensure their most vulnerable populations receive life-saving assistance,” said Tillerson. “However, this assistance will not solve these ongoing conflicts, but only buy us time — time to pursue diplomatic solutions.”
Tillerson’s visit to the region is an opportunity for him to strengthen the administration’s relationships with leaders on the continent, some of whom were openly disturbed by President Donald Trump’s reported disparaging remarks in January about African countries and Haiti.
Many African countries ‘holding back’ on North Korea
Tillerson also spoke of the administration’s peaceful pressure campaign targeting North Korea, stressing — as he often does — the need to ensure the campaign is global in nature.
“North Korea threatens the entire global community through its unlawful nuclear and ballistic missile programs and proliferation activities, including its arms exports to Africa,” said Tillerson. “It doesn’t just involve our allies in Europe or Asia. It doesn’t just include countries with longstanding ties to the DPRK, like China and Russia. This is and must be a global effort.”
“Nations in Africa need to do more,” said Tillerson, noting that “many African nations are holding back.”
Governments across Africa have been conducting business with the rogue regime in Pyongyang for many years, recently attracting the attention of the United Nations Panel of Experts on North Korea.
The State Department has been pushing these governments to cut trade, military and diplomatic ties with North Korea, using a mix of carrots and sticks. Last year, for example, Sudan pledged not to pursue future arms deals with Pyongyang after the US government suggested such sales were standing in the way of major sanctions relief.
Threat posed by corruption and China
Tillerson ended his remarks with an appeal to African governments to tackle the threat posed by corruption and bad governance.
“Bribes and corruption keep people in poverty, they encourage inequality and undercut citizens’ faith in government” said Tillerson. “Legitimate investment stays away, and insecurity and instability grows, creating conditions ripe for terrorism and conflict.”
Tillerson also took aim at China, which has been investing heavily on the continent and is constructing its first overseas military base in Djibouti.
“The United States pursues sustainable growth that bolsters institutions, strengthens the rule of law and builds the capacity of African countries to stand on their own two feet,” said Tillerson. “This stands in stark contrast to China’s approach, which encourages dependency — using opaque contracts, predatory loan practices and corrupt deals that mire nations in debt and undercut their sovereignty, denying them the long-term, self-sustaining growth.”
“Chinese investment does have the potential to address Africa’s infrastructure gap, but its approach has led to mounting debt and few if any jobs in most countries,” he added. “When coupled with political and fiscal pressure, this endangers Africa’s natural resources and its long-term economic and political stability.”
U.S. Secretary of State Rex Tillerson greets participants during a meeting of African leaders at the State Department in Washington
Today, U.S. Secretary of State Rex Tillerson announced nearly $533 million in humanitarian assistance for the people of Ethiopia, Somalia, South Sudan, and Nigeria, as well as countries in the Lake Chad region, where millions are facing life-threatening food insecurity and malnutrition as a result of ongoing conflict or prolonged drought. While humanitarian aid is truly life-saving, this assistance will not solve these crises, most of which are largely manmade.
With this new funding from the State Department and the U.S. Agency for International Development, the United States is providing emergency food and nutrition assistance to help vulnerable populations, including tens of thousands of tons of in-kind food aid. Additionally, the funding supports safe drinking water programs, emergency health care and hygiene programs to treat and prevent the spread of disease, and reunification of families separated by conflict. This assistance also includes life-saving medical supplies, improved sanitation, and emergency shelter, and prioritizes programs that protect vulnerable groups.
Of the newly announced funds, nearly $184 million is for affected populations from South Sudan, more than $110 million for affected populations from Ethiopia, more than $110 million for affected populations from Somalia, and more than $128 million for affected populations from Nigeria and countries in the Lake Chad region.
In the Lake Chad region and South Sudan, years of conflict have led to acute food insecurity. In Somalia, ongoing violence has exacerbated the humanitarian impacts of severe and protracted drought. In Ethiopia, continued drought has worsened an already dire food security situation. A swift influx of U.S. assistance, along with that of other donors, is helping improve humanitarian conditions in all of these countries. But ultimately it is up to the leaders in these countries, particularly in South Sudan, to stop the violence and put the welfare of their citizens at the forefront of their actions. Millions will continue to be at risk as long as parties to these conflicts continue to engage in violence. The United States calls on all parties to allow aid workers safe and unhindered access to help communities in need.
The United States is the largest donor of humanitarian assistance for these crises in Africa, providing nearly $3 billion since the beginning of Fiscal Year 2017. We commend the humanitarian contributions made by all donors, and encourage additional contributions to meet growing needs.
Africa is referred to as the cradle of mankind and a continent of cultural diversity. Some of the world’s most famous natural wonders and man-made phenomena are found on the continent. Here are a few breathtaking natural attractions and landmarks in Africa you should know about.
10. Mount Kilimanjaro, Tanzania
Mount Kilimanjaro is considered to be one of the tallest mountains in the world. This natural phenomenon is approximately 19,341 feet (Link 1) above sea level. The free-standing mountain is located in Tanzania and near the Kilimanjaro National Park which is a UNESCO World Heritage Site member. The mountain is a stratovolcano that began forming in layers of hardened volcanic ash about a million years ago. The last volcanic activity occurred some 200 years back. Thousands of tourists visit Mount Kilimanjaro every year and most visitors engage in hiking. The first people to ascend to the top of the mountain were geographer Hans Meyer and Ludwig Purtscheller. Kilimanjaro is known as one of Africa’s ice-capped mountains and it takes approximately 6-8 nights to ascend the mountain.
Kilimanjaro is photo-friendly so please do not forget your camera for capturing memorable moments. After hiking, visitors can treat themselves to some fine East African cuisines served at various restaurants and hotels.
9. Table Mountain, Cape Town
The Table Mountain is a flat-topped mountain overlooking the city of Cape Town in South Africa. The highest point is 3,563 feet above sea level and the mountain is one of the most photographed places in the world. The natural wonder continues to attract millions of visitors from around the world.
Most people enjoy partaking in hiking to the top of the mountain.
Antonio de Saldanha was the first person (Link 2) to hike and reach the mountain peak in 1503. In addition, Saldanha named the mountain Taboa do Cabo which means Table of the Cape. Visitors who choose not to hike can use the cableway transport system which was first established in 1929. The transport system has the capacity to carry about 60 people. The mountain is believed to be one of the oldest in the world with rocks that are approximately 600 million years old. The types of animals found on the phenomena are snakes, birds, porcupines, lizards, and frogs. The plant life is mostly endemic and approximately 2,200 species of plants are found on the mountain.
8. The Fish River Canyon, Namibia
The Fish River Canyon is located in the south of Namibia close to the border of South Africa. The canyon gets its name from the Fish River in Namibia. The river is the longest in the country at approximately 403 miles making it one of the longest in Africa. The canyon formed through wind and water erosion with the help of tectonic plate movements.
The natural phenomenon stretches for 100 miles and approximately 550 meters (Link 3) deep. The formation is the second largest canyon in the world behind the Grand Canyon. The animal life includes zebras, leopards, scorpions, baboons and birds. Archeologists have found evidence of human existence dating back 50,000 years ago. The canyon is one of southern Africa’s most popular hiking trails with thousands of people visiting each year. Between the months of May to September, visitors can safely and comfortably hike the canyon. The river is seasonal and only flows from January to April.
7. The Sahara Desert, North Africa
This desert is the third largest in the world and stretches for approximately 3.6 million square miles across North Africa. Can you guess the name of this landmark? The Sahara desert has sand dunes that reach up to 590 feet in height making it a massive sea of soil. The desert covers parts of Algeria, Chad, Egypt, Libya, Morocco, Mali, Mauritania, Niger, Sudan and Tunisia. The natural wonder is home to different animal species like cheetahs, scorpions, and camels among others.
The Sahara is made up of sand seas, sand dunes, stone plateaus, gravel plains, mountains, rivers, oases and dry valleys. The daytime temperatures are as high as 86 and 100 Fahrenheit respectively. Strong winds called the sirocco (Link 4) originate in the Sahara with winds blowing at 62 miles per hour. A dry landmark, the desert only receives about 3.9 inches of rain per year.
Despite the extremely dry conditions, plants and trees are still found in the Sahara. Acacia trees and palms are able to survive high temperatures. The first European explorers to tour the Sahara were Friedrich Horneman in 1805 and Mungo Park in 1806.
6. Pyramid of Giza, Egypt
Believed to be one of the most magnificent man-made structures in history, the Pyramid of Giza stands tall on the outskirts of Cairo. After approximately 4000 years, the pyramid is still generating debate as to who built the historical landmark. Approximately 2.3 million blocks of stone averaging about 2.5 tons each (Link 5) had to be cut and assembled to build the pyramid. The sides of the pyramid’s base average about 755.75 feet and a height of 481.4 feet. The phenomenon was constructed for Khufu who was the second of the eight kings of the fourth Egyptian dynasty.
The pyramid was used to bury Egyptian kings and establish a tradition. The angled sides symbolizing the rays of the sun meant to help the king’s soul ascend to heaven. To properly care for the king’s spirit, the corpse would be mummified and the body would be buried with everything it needed in the afterlife.
According to Greek historian named Herodotus, it took about 20 years to build the Pyramid of Giza and a workforce of 100,000 men. In recent years, archeological evidence has indicated that it took the labor of about 20,000 people. The pyramid continues to attract millions of visitors from around the world each year.
5. Kano City Walls, Nigeria
Built in order to provide security for a growing population, the Kano City Walls are an 8.69-mile radius man-made structure in northern Nigeria. Sakri Gijimasu initiated (Link 6) the construction of the walls from 1095-1134. The walls were completed in the middle of the 14th century during the reign of Zamnagawa. The man-made structure had gates that controlled the movement of people in and out of the city. Built using mud bricks and logs of wood, the walls stood at a height of about 50 feet after construction. Archeologists visit the walls to conduct research each year and make ground-breaking discoveries.
The Kano City Walls are a major tourist destination welcoming people from all around the world.
4.The Nile River
(Photo by Antonio RIBEIRO/Gamma-Rapho via Getty Images)
Africa is home to one of the longest rivers in the world. The Nile River is the world’s longest with a length of about 4,132 miles and spreading across an area of about 1,293,000 (Link 7) square miles. The Nile waters flow at an average of about 79.2 billion gallons per day.
The river basin includes parts of Rwanda, Tanzania, Kenya, Burundi, Uganda, Ethiopia, South Sudan and Egypt. The river is formed by three streams which are the Blue Nile, White Nile, and the Atbara. In ancient times, the Nile helped in the advancement of civilizations and transportation that made trade easy.
The Nile contains different species of snakes, hippopotamus, rhinoceroses and crocodiles. The name ‘Nile’ originates from the Greek word ‘neilos’ which means river. Millions of people visit parts of the Nile to take pictures, ride on boats and for sightseeing.
3. African Renaissance Monument, Senegal
(Kite Aerial Photography)
Located on a hill in Dakar, is a bronze statue overlooking Senegal’s capital city. The African renaissance monument stands tall at a height of 160 feet(Link 8) and represents the importance of family in African culture. The statue which was inaugurated in 2010 shows a man holding his child and a woman. The child points ahead indicating Africa’s glorious future, while the woman extends her arm behind to indicate the continent’s troubled past. A man with a bare chest torso holds the child in one arm while guiding the woman with the other arm.
The statue was designed by a Senegalese architect named Pierre Goudiaby Atepa and co-signed by former Senegalese President Abdoulaye Wade. Today, the architectural masterpiece continues to attract visitors from all parts of the world. The must-visit monument contains conference rooms, cultural exhibitions and a floor at the top of the statue that allows visitors a bird’s eye view of the Atlantic Ocean.
2. Great Zimbabwe Ruins, Zimbabwe
Magnificent stone ruins of an African city are found in the southeastern part of Zimbabwe and situated about 19 miles from the town of Masvingo. The Great Zimbabwe ruins were built in the 11th century and were home to a population of about 20,000 local Shona people.
The construction of the ruins was carried out using granite boulders and rectangular rock blocks. The walls have a width of about 20 feet and a height of 36 feet (Link 9). In addition, the monument was built using no mortar but the large granite boulders are still stacked together after thousands of years.
The ruins are divided into three main areas which are the Hill Complex, the Great Enclosure, and the Valley Ruins. Soapstone figurines in the form of a bird were found at the ruins and later became a national symbol found on the country’s flag. Items like gold, Chinese porcelain, and metal ornaments provide evidence that Great Zimbabwe was engaged in extensive trade with other nations. The ruins became a national monument and selected as a UNESCO World Heritage Site member in 1986.
Murchison Falls National Park, Uganda
The continent of Africa is blessed with numerous national parks and a variety of animal species. The Murchison Falls National Park in Uganda is located where the Nile runs through a narrow gorge that becomes a river. The park was established in 1952 and occupies an area of about 1,483 square miles.
The park contains a variety of vegetation comprised of savannah, woodland and riverine forests. In addition, the park is home to Africa’s “big five” animals which include elephants, buffalos, rhinos, lions, and leopards.
The nature wonder is halved by the Nile River and the falls are 120 feet in height and 23 feet wide. In addition, the water pours over the falls at a speed of around 11,000 cubic feet per second. Visitors can enjoy sailing on a boat or hiking.
Famous people who have visited the park include Prime Minister Winston Churchill and
President Theodore Roosevelt. Churchill described the park as “Kew Gardens (Link 10) and the zoo combined on an unlimited scale.”
An urgent requirement for new investment into telecom and broadband infrastructure in Africa is driving a fresh flurry of deal activity across the continent, says TMT Finance
CAPE TOWN, South Africa, March 5, 2018/ — An urgent requirement for new investment into telecom and broadband infrastructure in Africa is driving a fresh flurry of mergers, acquisitions, IPOs, investment and financing activity, as the region’s key players jostle for position to meet the soaring demand for data across the continent, says global news provider, TMT Finance (www.TMTFinance.com).
Joseph d’Arrast, EMEA Editor, TMT Finance said: “The continent’s growth in the digital economy and the rising demand for data is helping to boost investor confidence in major broadband projects, of which there are many currently underway or in the pipeline. In response to this, many telcos, investors and specialised operators are looking to plough significant amounts of money into key projects, with a number of IPOs, new capex financing and M&A also in the pipeline,” he added.
To discuss the next wave of opportunities, chief executives and leading heads of finance and strategy from Africa’s key broadband infrastructure companies, private equity investors and telecom operators are meeting on a dedicated panel at TMT Finance Africa in Cape Town 2018 (www.TMTFinance.com/capetown) on March 15.
The TMT Broadband Infrastructure panel, which will discuss strategies for regional growth, includes: Nic Rudnick, CEO, Liquid Telecom; Brandon Doyle, CEO, Convergence Partners; Byron Clatterbuck, CEO, SEACOM; Brian Jakins, Managing Director of Africa, Intelsat; and Thomas Hintze, CEO, Wananchi Telecom; and will be chaired by Keith Webb, Investment Banking, Infrastructure Finance, Rand Merchant Bank.
Over 70 key speakers have been announced for the event, with CxOs and senior executives also confirmed from companies including Vodacom, Telkom BCX, MTN, Standard Bank, American Tower Corp, Millicom, Google, Econet Wireless, MainOne, Teraco, Alcatel Submarine Networks, DLA Piper, IFC World Bank, Rack Centre, Investec Asset Management, Citi and Credit Suisse.
Other key session themes announced include: Telecom Leadership Africa; Digital Africa; Mobile Tower Strategies; Mergers and Acquisitions; Private Equity Africa; Spectrum sharing; Regulation and Policy; Financing TMT; Investing in Mobile Data and Services; Mobile Payments and Banking, Fintech and M-Health; and Media and Convergence.
Men transporting a large bag in the Muvumba river valley in Kigali. A massive Rwandan electrification programme sets out to benefit rural communities. Shutterstock
More than 1.1 billion people in developing countries lack access to electricity. Some 590 million live in Africa, where the rural electriﬁcation rate is particularly low at only 14%.
A lack of access to electricity hampers development. It affects everything from people’s ability to learn to the creation of enterprises and the provision of public services like health care. This lies behind the United Nation’s goal of countries achieving universal access to electricity by 2030.
But the investment requirements to meet this goal are enormous. According to the International Energy Agency investments worth $640 billion will be needed if the UN goal is going to be met. About $19 billion is required every year in sub-Saharan Africa alone.
In spite of the importance of electrification, little evaluation has been done on the socioeconomic impact of investments into providing power. We set about plugging this gap in our paper that focuses on Rwanda. We looked at the eﬀects of electriﬁcation on households, ﬁrms, health centres and schools in rural areas.
Rwanda has implemented one of the most comprehensive electrification programmes in the world. In 2009 only 6% of Rwandans had access to electricity. The government’s aim is to lift this to 70% by 2018.
We studied the connection behaviour and electricity consumption patterns of households and looked at socioeconomic outcomes – such as education, income and health. We also explored the eﬀects of electriﬁcation on the uptake of appliances as well as on rural ﬁrms and on health centres.
We found that electrification had wide-ranging eﬀects on the living conditions of households whose daily lives were made easier on a range of fronts. We also found that the supply of power had some positive effects on certain businesses and clinics. Overall, our research confirms the importance of electrification has for the rural poor.
Yet, in our final analysis we had two major reservations. The first was that the provision of electricity hadn’t significantly improved the economic lives of people – which is often used to justify the massive costs involved in expanding the grid to all areas of the country.
The second insight was that, given people’s very low levels of consumption (households consume on average around 2 kWh per month per person which is less than 6% of the electricity an average US-American consumes per day), it would make much more sense to extend electricity coverage by promoting off-grid solutions such as solar. This would lead to governments and citizens getting much more bang for their buck.
These reservations aside, our research showed how electricity in the home changes lives, sometimes in the most unexpected ways.
Impact on household level
Among the households we studied we found that lighting consumption had more than tripled among connected households around two years after connecting to the electricity grid.
We also found that having electric lighting yielded significant benefits for households who have done away with torches, wick and hurricane lamps. For example, kids’ study time at home increased by between 19 and 44 minutes after nightfall, although the total time children study did not increase. The reason is that children shift their study time from daytime to nighttime, which nonetheless is an important indication for increased flexibility.
Electricity also had an impact on access to information. The most frequently bought electrical appliances after connection were TVs, radios and mobile phones.
Another major effect of electrification was that it significantly reduced expenditures on energy. The average amount that connected households spent on grid electricity was 1,500 FRW (about $2) per month after they had replaced traditional energy sources like kerosene and batteries. And they no longer needed to spend money on charging their mobile phones outside their homes. In total, they reduced expenditures on energy by around $2.50, which is an equivalent of about 4% of their total monthly expenditure.
Impacts on enterprises and health centres
Another major impact was that it extended people’s average waking hours by nearly an hour. We found that people were awake for 50 minutes per day more on average because they had better access to lighting and entertainment devices.
People didn’t necessarily use this additional time to pursue income generating activities. In fact, we didn’t find that electrification affected how people, many of whom were farmers, generated income.
We found that it had only a tiny effect on micro enterprises like mills, hairdressers, copy shops and welding shops. Mills were the main beneﬁciaries of being connected to the grid. Most switched from diesel engines to electricity. And new mills emerged because input costs were dramatically reduced and productivity increased.
Hairdressing shops also benefited for cost and convenience reasons. They used electricity for razors, phone charging services and radio or TV to entertain. Before grid electricity they had used power sources such as car batteries which were expensive and cost a lot to run.
Small kiosks, bars and restaurants mostly used electricity for lighting and in a few cases for radio, TV or refrigeration. Electricity meant that they were more attractive to customers.
Overall, we observed only a slight increase in business activities in connected communities. Some enterprises emerged while existing operations marginally extended their operating hours or their range of products and services.
In the case of health centres, those that had been connected to the grid said their work had improved. According to answers to an open question, the main use of grid electricity was for lighting (100%), followed by use for medical machines (79%) and for administrative tasks (43%). Nearly 30% cited medicine storage and sterilising.
The most important benefit was that it reduced costs. Centres that weren’t connected paid three times more for power because they used diesel.
A mixed solution
Our research showed that electricity is highly appreciated by rural communities in Rwanda, often leading to cost reductions and increases in convenience. But it does not significantly transform economic activities and income generation in rural areas.
The fact that electricity consumption levels are generally very low raises the political question of whether the high investment cost of on-grid electrification is justified compared to the lower cost of off-grid solutions. Especially the cost of off-grid solar technologies have decreased considerably in recent years and, while their performance is obviously lower, they still improve the living conditions quite substantially.
These observations suggest that instead of rolling out the grid to every rural village, on-grid investments could be concentrated in certain thriving rural regions with high business potential to create industrial zones where firms could relocate to. Off-grid solar could serve as a bridging technology for the majority of rural areas, potentially accompanied by subsidies to ensure access for the poor who cannot afford paying cost covering prices. Such an integrated on-grid-off-grid strategy would enable industrial development and at the same time achieve broad access to electricity at relatively low cost.
SMEs in Africa’s infrastructure sector to benefit from African Guarantee Fund’s increased capacity through GuarantCo’s re-guarantee facility
Felix BIKPO- Chief Executive Officer , AGF and Lasitha PERERA- Chief Executive Officer, GuarantCo
LONDON, United Kingdom, March 2, 2018/ — The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) (www.AfricanGuaranteeFund.com) has today entered into a re- guarantee transaction of an amount of up to USD 74 million with GuarantCo (www.GuarantCo.com), to increase its guarantee capacity for SME financing. SME’s have a large and growing impact on GDP in emerging markets and are a key source of job creation. Strengthening Africa’s infrastructure is critical for development as it is through this that African countries become more competitive at a global level. With this increased capacity, AGF will be able to support larger local currency transactions for SMEs involved in infrastructure.
Over the past 6 years, AGF has led the guarantee market in Africa by issuing financial guarantees to a tune of USD 690 million. This has enabled its partner financial institutions to issue loans estimated at USD 729 million to about 7600 African SMEs. GuarantCo is part of the Private Infrastructure Development Group, (PIDG), and is a global guarantee fund that has issued over USD 900 million of guarantees since inception in 2005 with a mandate to enable local currency finance for infrastructure.
While commenting on the GuarantCo AGF partnership, Felix BIKPO, AGF’s Chief Executive Officer stated, “AGF is glad to be joined by GuarantCo in bridging the infrastructure financing gap. This partnership aims to put in place an even stronger collaboration that will work on the entire value chain of infrastructure projects in Africa. We are looking forward to supporting other SMEs that work with key players in the infrastructure sector.”
Lasitha PERERA, GuarantCo’s Chief Executive Officer said “We are delighted to be able to partner with the African Guarantee Fund and increase support to SMEs active in the infrastructure sector in Africa. This collaboration between two local currency focussed guarantors offers the potential for us to engage local financial institutions and investors in financing the entire value chain in an African infrastructure project.”
The transaction will enable AGF and GuarantCo to explore further partnership opportunities of working together in contributing towards economic growth in Africa.
About African Guarantee Fund
Officially launched on 1st June 2012, AGF (www.AfricanGuaranteeFund.com) is a Pan-African non-bank financial institution founded by the government of Denmark through the Danish International Development Agency (DANIDA), the government of Spain through the Spanish Agency for International Cooperation and Development (AECID) and the African Development Bank (AfDB). Agence Française de Développement (AFD) joined AGF in 2015 followed by the Nordic Development Fund (NDF) in 2016. AGF aims to promote economic development, increase employment and reduce poverty in Africa by providing financial institutions with guarantees and other similar or related financial products specifically intended to support SMEs in Africa. AGF has a rating of AA- by Fitch Ratings Agency. www.AfricanGuaranteeFund.com
GuarantCo (www.GuarantCo.com) was established to mobilise local currency investment for infrastructure projects and support the development of financial markets in low income countries. GuarantCo is part of the Private Infrastructure Development Group (PIDG).
GuarantCo is supported by the governments of the UK, Switzerland, Sweden, the Netherlands and Australia and is rated AA- by Fitch and A1 by Moodys. www.GuarantCo.com
The Private Infrastructure Development Group (PIDG) (www.PIDG.org) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has mobilised $31.4bn from private sector investors and DFIs, supported 154 infrastructure projects to financial close and provided 222 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group. www.PIDG.org
Ndiaye brings 25 years of experience as an African affairs expert and accomplished senior policy and business strategist
WASHINGTON, D.C. – March 1, 2018 – The Initiative for Global Development (IGD) announced today the appointment of Leila Ndiaye to the position of Executive Vice-President of the Washington-based network of African and global business leaders who are committed to advancing sustainable development and inclusive growth through business investment.
Ndiaye, a native of Côte d’Ivoire and dual citizen of Senegal, will be responsible for driving the strategic direction for IGD’s programming and policy engagements, overseeing the growth of the Frontier Leader Network, and building strategic alliances with key stakeholders to advance organizational priorities.
With 25 years of experience as an African affairs expert and accomplished senior policy and business strategist, Ndiaye has a proven track record in policy design and implementation at the highest level of African governments and the private sector.
“Leila Ndiaye joins IGD at a time of when the organization is experiencing tremendous growth and impact in strengthening the private sector and boosting private investment on the African continent,” said Dr. Mima S. Nedelcovych. “Her vision and deep experience and connections will position IGD to be a leader in igniting innovation and action to fuel Africa’s economic progress.”
Prior to joining IGD, she served as the Senior Director of Policy for African Affairs at the U.S. Chamber of Commerce. In that position, she developed, promoted and executed the US-Africa Business Center’s program of work relating to trade policy and investment between the United States and African countries. She initiated and managed the US-ECOWAS Business Initiative and spearheaded the Chamber’s program in Western and Central Sub-Saharan Africa, from Angola to Mauritania.
Previously, she worked with the government of Côte d’Ivoire as special adviser to the former Head of State, where she advised the Head of State on a range of policy, national security and economic issues to ensure that all duties were carried out in the best interest of the country as a whole.
Ndiaye is an Advisor to McLarty Associates, where she advises clients on trade and investment in West Africa. McLarty Associates is an international strategic advisory firm headquartered in Washington, DC, that delivers diplomatic solutions and advises many emerging companies venturing abroad.
Earlier in her career, Ndiaye held positions in the lobbying arena with Bayh, Connaughton, Fernsteinhem and Malone, law firm of former Senator Birch Bayh, in Washington, D.C. where she developed and managed the Africa portfolio and at the World Bank as a consultant.
The U.S. Chamber of Commerce presented Ms. Ndiaye with the “US-Africa Business Center Outstanding Leaders’ Award 2018” in recognition of her exemplary leadership in US-Africa relations.
She is a recipient of the 2016 Excellence Award by the Women Ambassadors Foundation in Washington DC and was nominated in 2008 as one of the 50 most influential people of Côte d’Ivoire by the magazine l’Intelligent d’Abidjan and received the same year the Women’s Private Sector Initiative Award in Côte d’Ivoire.
In 1990, she was the first Rotary Ambassadorial Scholar from Côte d’Ivoire to South Africa during apartheid. Leila Ndiaye is a member of the African Leadership Network, a membership community of the most dynamic and influential new-generation leaders in Africa.
Leila Ndiaye holds a Bachelor of Arts in International Relations from the School of International Service (SIS), at The American University in Washington DC, earned a Master of Arts in Diplomacy with merit from the Diplomatic Academy of London at the University of Westminster, and a PhD degree in International Relations and Diplomacy, from the Centre d’Etudes Diplomatiques et Stratégiques (CEDS), Paris.
The Initiative for Global Development (IGD) is a Washington, DC-based nonprofit organization that harnesses the power of the private sector to create sustainable development and inclusive growth in Africa. We bring together CEOs and senior executives from leading African and global companies through our Frontier Leader Network to catalyze greater business investment and impact on the continent
Together with Former Tanzanian President Jakaya Kikwete,
The Access Challenge Launches a High-Level Policy Campaign Centered on African Union and President-to-President Engagement
WHO Director General Dr. Tedros and HE Jakaya Kikwete
NEW YORK, United States of America, 1st March 2018, -/African Media Agency (AMA)/- Speak Up Africa New York, a leading not-for-profit advocacy organization focused on universal access to healthcare and education for the world’s most vulnerable families, today announced its organization’s new name, The Access Challenge, and its first initiative, One By One: Target 2030.
The name change reflects the group’s mission to ensure that every person -wherever in the world he or she may be-has access to basic tools and services in order to survive and thrive. Speak Up Africa New York focused its efforts on Africa. The Access Challenge will continue this Africa-based work while expanding to other regions with a focus on high-level policy engagement.
In keeping with this new focus, The Access Challenge today launched a new campaign, One By One: Target 2030, in partnership with His Excellency Jakaya Mrisho Kikwete, former president of Tanzania and a world-renowned maternal and child health advocate. One By One: Target 2030 will promote universal health access in Africa, focusing first on immunizations, maternal health and Neglected Tropical Diseases, ensuring that even the poorest families have access to critical health interventions.
President Kikwete and The Access Challenge have launched the campaign in support of the World Health Organization’s Director General Tedros Adhanom Ghebreyesus’ call for Universal Health Coverage. President Kikwete is committed to making Universal Health Access a reality on the continent of Africa.
President Kikwete said, “Ensuring equal access to health – especially for the most vulnerable – is an issue very close to my heart. As I travel from country to country across Africa, I will work with the African Union and heads of state that have the power to put these issues at the top of the agenda.”
“We are eager to begin our initiative with President Kikwete. Over the past six years, we have driven awareness of critical health issues on national and global levels,” said Kate Campana, founder and CEO of The Access Challenge. “With Dr. Tedros’ mandate, we think that more leaders and more countries will be inspired to step up and effect real change. By broadening our geographic reach, we hope to reach even more of the world’s most vulnerable and provide a leadership platform that expands to South-South collaborative learning.”
The Access Challenge, a not-for-profit 501(c)(3) organization, inspired by a vision of a world where every person has an equal ability to survive and thrive regardless of where she or he is born, advocates for universal access to health and education. It works with heads of state and other public officials to understand and focus on particular issues; partners with cultural luminaries to bring key issues to the attention of government and corporate leaders who can galvanize support; produces high-profile public events that shine a spotlight on governmental commitments and hold leaders accountable; and launches powerful multimedia campaigns to raise broad awareness and change cultural expectations about critical access issues.
Launches Masterpass QR bot for Messenger to enable Nigerian businesses to set up digital money accounts and accept QR payments
Barcelona, SPAIN – February 28, 2018 – At Mobile World Congress, Mastercard today announced that it will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments. Access to digital payments will help these businesses expand to new markets, and unlock financial services and products that enables them to grow their livelihoods.
This Messenger experience will launch in Nigeria, where Mastercard will pilot a new Masterpass QR bot to help business owner’s move beyond cash transactions to accepting QR payments. Ecobank and Zenith Bank will support this inaugural program. The pilot in Nigeria is the beginning of a larger plan by the two companies to include more businesses into the digital economy.
According to research done by The Fletcher School and Mastercard Center for Inclusive Growth, of the $301 billion of funds flows from consumers to businesses in Nigeria, 98 percent is still based on cash.
“Every business owner is looking for ways to increase sales and draw new customers into their stores. By offering QR-based digital payments, smaller retailers can achieve these goals and create greater customer stickiness with little to no investment beyond the phone they already have,” said Jorn Lambert, executive vice president, Digital Channels and Regions, Mastercard. “Masterpass QR opens up new commerce channels for these merchants and enables them to create auditable transaction records. These advances open doors to other financial tools and products such as loans to drive added business growth.”
To get started, businesses can send a request to the bot to enable QR payments, receive approval from the bank, set up an account and start accepting digital payments in a fast, simple and secure manner. Once the account set up process is complete, business owners can print and display the QR code in their stores or save the code on their phones. Customers can pay by either scanning the code from their smartphone or by entering the merchant ID associated with the QR code into their feature phone.
“Brands and developers around the world are turning to messaging to connect with the 1.3 billion people who use Messenger each month,” said Kahina Van Dyke, director of Payments and Financial Services Partnerships at Facebook. “We are pleased that Mastercard is developing a service on the Messenger Platform to help small merchants use messaging to manage their business and connect with their customers.”
Launched in 2016, Masterpass QR provides people with any type of mobile phone the ability to safely accept and make in-person purchases without cash or a plastic card. It provides greater choice in payments and complements Mastercard’s investment in contactless payments to provide merchants of all sizes – from international chains to individual shop owners and street vendors – a fast, secure and inexpensive way to accept payments.
Quotes from partner banks in Nigeria:
“In line with our goal to serve 100 million Africans by the end of 2020, Ecobank is delighted to collaborate with Facebook and Mastercard to enable underserved and unbanked micro-merchants with the opportunity to open an Ecobank account almost immediately and begin to receive instant payments using Ecobank Masterpass QR on the Facebook Messenger platform. Micro merchants in Nigeria are already benefiting from Masterpass QR and will soon be in 32 markets across Africa, enabling them to move away from cash. That is true economic empowerment,” said Patrick Akinwuntan, Group Executive, Consumer Bank, Ecobank Group.
“Our Bank is partnering with Facebook and Mastercard to introduce Masterpass QR as a means of driving financial inclusion and creating a new payment ecosystem for MSMEs and consumers,” said Mr. Peter Amangbo, MD/CEO of Zenith Bank Plc. “This initiative will help us encourage financial inclusion within the country in line with the strategic thrust of the Central Bank of Nigeria (CBN). Buyers and sellers now meet and conclude transactions in-store, online and on social media, so we are ensuring payments can also be made on these platforms via QR codes, without having to log onto other solutions or even take a break from what you are doing on Facebook.”
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. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
Over 150 High-Level Speakers to Grace the Africa Trade & Investment Global Summit (ATIGS) 2018 in Washington, D.C
“Driving Trade, Unleashing Investment and Enhancing Economic Development: the Gateway to African Markets”
WASHINGTON D.C., United States of America, February 28, 2018/ — Business leaders and prominent personalities are expected to speak at the Africa Trade & Investment Global Summit (ATIGS) 2018 (http://ATIGS2018.com) to be held on June 24 to June 26 at World Trade Center – Ronald Reagan Building in Washington, D.C. The prestigious biennial business conference and exhibition will bring together delegates from more than 70 countries including government delegations, high-profile African leaders, project developers, and international investors. The event has a well-structured format for facilitating direct peer engagement, for more advanced deal-making, showcasing fundable companies, co-investments and financing engagements, strategic partnerships, and business networking.
The 2018 Summit will feature as panelist and speakers a wide array of senior officials and distinguished personalities including, Hon Senator Ike Ekwerenmadu, Deputy Senate President of Nigeria; H.E. Adonia Ayebare, Uganda’s Ambassador and Permanent Representative to the United Nations;H.E.Clyde Rivers Ph.D. Ambassador of Republic of Burundi, and Advisor to the President of Burundi; Hon Dr. Ekwow Spio-Garbrah, former Minister for Trade & Industry, and former Ambassador of Ghana to the USA; Hon. Ibrahim Awaal Mohammed, Minister for Business Development in Ghana; Hon. Sebastian Kopulande, CEO, Zambian International Trade and Investment Centre (ZITIC) in Zambia; Andrew Herscowit, Coordinator, Power Africa – U.S. Agency for International Development (USAID) in USA; Asma ALAOU, CEO, Africa Key Partners in Morocco; Arnon Rosenbaum, VP Global Projects, Netafim in Israel; Belarmino Van-Dúnem, Chairman of Angola’s Investment and Exports Promotion Agency (APIEX); Maria Goravanchi,Director, Overseas Private Investment Corporation in USA; Dr. Mohamed Doumbouya, Minister of Budget, Republic of Guinea; Raj Kumar, Founding President of Devex in United States, Dr. Belachew Mekuria, Industrial Park Division Deputy Commissioner of Ethiopian Investment Commission; Dr. Mima S. Nedelcovych, President & CEO of Initiative for Global Development in USA; Pablo Martín Carbajal, Deputy head for African Affairs, and CEO of Proexca, Government of the Canary Islands;Bernadette Fernandes, Founder of The Varanda Network in Canada; Chris Kirubi, Director, Centum Investment in Kenya; Chris Knight, Global Commercial Director for fDi Intelligence, Financial Times Group in UK; Dr. Richmond Annan, President, iRichie Group Inc in USA; Dr. Munir Ahmad Ch, President, Aspire World Investments LLC – United Arab Emirates; Dr. Mima S. Nedelcovych, President & CEO of Initiative for Global Development in USA; Joseph Lititiyo, Deputy Executive Secretary of Economic Community of the Great Lakes Countries in Rwanda; Matthew Downing, Chairman & CEO, Ethium Group in Australia; Prince Adetokunbo Kayode, President of Abuja Chamber of Commerce and Industry in Nigeria; Vanessa Adams, Director of Strategic Partnerships of DAI in France; Walid Loukil, Deputy Managing Director of Loukil Group in Tunisia; Xoliswa Daku, Founder & CEO, Daku Group of Companies in South Africa; Zekarias Amsalu, Founder and MD of IBEX Frontier, IBEX Financial Consultancy Ltd in Ethiopia, and many more.
Grant T. Harris, CEO of Harris Africa Partners LLC, makes a compelling case on why U.S. companies need to map out how Africa’s dynamic markets fit into their company’s business plan
By Grant T. Harris*
When it comes to talk of Africa’s economic outlook, do not believe the gloom – or the hype. The “Africa rising” storyline took a big hit when commodity prices crashed, but the truth is, no monolithic narrative could ever accurately capture the continent’s dynamism, challenges, and sheer economic potential.
Nonetheless, there are some clear regional trends that should compel American businesses to ask themselves, “How does Africa factor into my company’s growth strategy?”
Frankly, there is no need for a simplistic soundbite about Africa’s economic potential. The region is a complex and diverse ensemble of markets, opportunities, and political and investment climates which, for many different reasons, are undergoing what the International Monetary Fund (IMF) has described as “multispeed” growth. For instance, while the commodity-dependent countries are currently less buoyant, four economies in East Africa – Kenya, Ethiopia, Tanzania, and Uganda – are predicted to see growth above six percent through 2020.
Nevertheless, even as we eschew sweeping generalizations that pretend to lump 54 African countries into one market, there are some region-wide trends that should make businesses sit up and take notice. To get straight to the point: Africa’s long-term economic outlook remains strong, underpinned by a young and growing population that is increasingly urban and technologically savvy. Consumer spending is projected to reach $2.1 trillion by 2025, while African economies as a whole are estimated to be valued at $3 trillion by 2030 – by which time half of the population will live in urban areas. Moreover, demographic shifts mean that Africa’s place in the global economy is only likely to grow. By 2034, Africa will have more working-age people than either India or China. With a current median age of just 19.5 years, Africa will make up a quarter of the world’s population by 2050, bringing inevitable social, cultural, and economic impacts.
Of course, there is no denying that African governments have a lot of work to do to improve investment climates at national and regional levels. According to a recent African Development Bank report, “the continent’s infrastructure needs amount to $130-170 billion a year, with a financing gap in the range of $68-108 billion.” In sub-Saharan Africa, roughly two-thirds of people lack access to electricity. And it is not just insufficient infrastructure; the recent commodities crash highlighted several other persistent challenges, particularly the need for resource-rich countries to diversify their economies. Many African governments would be wise to follow the IMF’s advice to enact “policies to enhance macroeconomic stability, improve education outcomes, bolster governance and transparency in regulation, and deepen financial markets.” Importantly, many countries are working hard to realize these changes. According to the World Bank, governments in sub-Saharan Africa carried out a record number of business reforms in 2016 and 2017 – more than any other region.
Above all, it’s time to realize that misconceptions about Africa’s economic potential – that it is too risky, too poor, or simply irrelevant to most businesses – amount to lost opportunities. As when considering any emerging market, investors must to do their homework, not fall victim to oversimplified narratives, and determine how to navigate political and policy risk. Armed with the right information and foresight, investors should map out how Africa’s dynamic markets fit into their company’s business plan. As the region’s demographic and economic trends make clear, Africa can no longer be considered an “optional” component of global growth strategies.
*courtesy of IGD.Grant T. Harris is CEO of Harris Africa Partners LLC and was President Obama’s principal advisor on sub-Saharan Africa in the White House from 2011-2015. Harris Africa Partners LLC is an organizational partner for IGD’s U.S. Roadshow Tour.
More than 13 months into the Trump administration, the senior State Department job on Africa remains unfiled, along with appointments for U.S. ambassadors to South Africa, Morocco, Tanzania, and other high-profile political posts.
In addition to these diplomatic vacancies, the Trump administration is proposing a 30 percent cut in foreign assistance for the 2019 Fiscal Year budget, on top of recent reductions, which will disproportionately impact the African continent.
These Washington realities, when considered in conjunction with the controversy over the U.S. president’s alleged remarks labeling an entire continent of 54 unique nations as “s—holes,” would appear to paint a pretty bleak picture for America’s future engagements in Africa.
However, traditional diplomacy is being increasingly supplemented by an explosion of citizen-to-citizen contacts, which are creating shared value, good-will and relationships of consequence. This work is more important now than it ever has been, and can be found in unexpected places.
NBA Africa, led by Managing Director Amadou Gallo Fall and the league’s commissioner, Adam Silver, have helped to transform the NBA’s footprint in Africa. In doing so, they have become part of the front-line of private sector institutions which celebrate a continent unhampered by inaccurate clichés, and defined by its potential, its people, and its diversity.
Fall, originally from Senegal, came to the U.S. on a basketball scholarship in the late 1980s, graduated with honors, and returned to Senegal to work for the Senegal Basketball Federation. He would later be hired as a scout for the Dallas Mavericks and eventually recruited by the NBA.
“Team Africa against the World,” as it has become known, is now played annually and this year will be dedicated to the life and legacy of the former South African president, Nelson Mandela, on the centennial of his birth year.
At the NBA Africa luncheon on Saturday, 17 February, on the margins of 2018 NBA All-Star Weekend in Los Angeles, Silver explained that, “basketball is witnessing an explosive growth in Africa.” He explained that one of the cardinal objectives of NBA Africa is to grow the game and to see more young players competing at the highest level. Silver predicts more than 100 million Africans will eventually play the game.
“But it’s not just about the sport,” Fall told me in an interview. “Yes, we celebrate the fact that this year 12 African-born players will be playing for the NBA. But as NBA Africa, we must reach beyond the players.”
Fall believes it is his responsibility to give a greater voice to African innovation, African excellence, and to help reclaim the narrative on Africa. And last weekend in Los Angeles, just hours before NBA All-Star Saturday Night, that’s exactly what NBA Africa did.
Silver, Fall, African legends and players like Dikembe Motumba and Serge Ibaka assembled — not to talk the sport, but to lead a discussion on youth, development and entrepreneurship.
The luncheon was titled #AfricaNow and featured a panel of African entrepreneurs to showcase the human potential of the continent through the eyes of prominent innovators and changemakers.
“It is our culture and our story. We must own it. We must define it. And it is we who must monetize it.”
On stage, and at the head table sat officers from the World Bank along with private sector players, like Invest Africa. The African Development Bank noted it would unveil later this month a multi-year program with sport as the foundation for a youth empowerment program.
Perhaps eventually the Trump administration will prioritize diplomatic engagement with Africa, appointing senior officials and propose a budget which better reflects our national security interests. In the meantime, I find inspiration in our citizen diplomats, no matter their excessive height
The winner will be announced on 6 March and awarded on 13 March in Abidjan
Em’kal Eyongakpa (Cameroon)
JOHANNESBURG, South Africa, February 26, 2018/ — Em’kal Eyongakpa (Cameroon), Georgina Maxim (Zimbabwe) and Makouvia Kokou Ferdinand (Togo) have been shortlisted for the first Henrike Grohs Art Award, conceived by the Goethe-Institut (https://goo.gl/nKYUpW) and the Grohs family. The winner will be announced on 6 March and awarded on 13 March in Abidjan.
Em’kal Eyongakpa is an intermedia artist who approaches the experienced, the unknown, as well as collective histories through a ritual use of repetition and transformation. His recent ideas draw from indigenous knowledge systems and aesthetics, ethnobotany, applied mycology as well as technology.
Georgina Maxim’s work combines weaving, stitch work and the utilisation of found textiles creating objects that evade definition. The dresses are deconstructed, and at times reconstructed to find new ways of giving tribute to and reflection upon the person that owned the original garment.
In Makouvia Kokou Ferdinand’s sculptural and performance work, he plays with borders and mixes memories, materials and cultural references. Building on traditional Mina culture, his gaze on contemporary society is unique, sometimes ironic and often moving.
The Henrike Grohs Art Award is a biennial prize dedicated to artists who are living and working in Africa and practicing in the field of visual arts. It recognises the lifetime achievements of the former Head of the Goethe-Institut in Abidjan, Henrike Grohs, who was killed on 13 March 2016 in a terrorist attack in Grand-Bassam, Côte d’Ivoire.
The prize “aims at strengthening artists and encouraging them in their quest for a world of togetherness and dialogue”, said jury members Koyo Kouoh (Artistic Director, RAW Material Company, Dakar), Laurence Bonvin (artist and representative of the Grohs family, Berlin), Raphael Chikukwa (Chief Curator, National Gallery of Zimbabwe, Harare) and Simon Njami (Curator, Paris).
Em’kal Eyongakpa (born 1981 in Mamfe, Cameroon) is an intermedia artist who approaches the experienced, the unknown, as well as collective histories through a ritual use of repetition and transformation. His recent ideas increasingly draw from indigenous knowledge systems and aesthetics, ethnobotany, applied mycology as well as technology in his explorations of the personal and the universal. Eyongakpa is also known for self-organised community research projects and autonomous art hubs like KHaL!SHRINE in Yaoundé (2007-2012) and the recently launched sound art and music platform ɛfúkúyú. He holds degrees in Plant biology and Ecology from the University of Yaoundé and was a resident at the Rijksakademie in Amsterdam.
Eyongakpa’s work has recently been exhibited at the Jakarta Biennale (2017), the 13th Sharjah Biennial (2017), La Biennale de Montreal (2016), the 32nd Bienal de São Paulo (2016), the 9th and 10th Bamako Encounters (2011, 2015), the 10th Biennale de l’art africain contemporain, Dak’art (2012) and at several international art spaces and museums around the world.
Georgina Maxim (Zimbabwe) – Photo by Cynthia Matonhodze
Georgina Maxim was born 1980 in Harare, Zimbabwe. Maxim is known for both working as artist and curator with over a decade of arts management and curatorial practice. Maxim together with two other artists (Misheck Masamvu and Gareth Nyandoro) co-founded Village Unhu in 2012, an artist collective space that has been providing studio spaces, exhibitions, workshops and residency programs for artists – young and professional.
Georgina Maxim’s work combines weaving, stitch work and the utilisation of found textiles creating objects that evade definition. The dresses are deconstructed, and at times reconstructed to find new ways of giving tribute to and reflection upon the person that owned the original garment. Maxim describes it as ‘the memory of’. Currently, Maxim studies African Verbal and Visual Arts – Languages, Curation and Arts at the University of Bayreuth in Germany.
Makouvia Kokou Ferdinand – a student at the École nationale supérieure des Beaux-Arts in Paris – shares his life and work between Lomé and Paris. Both his sculptural and performance work emanate from the personal experiences of the artist. He plays with borders and mixes memories, materials and cultural references. Building on traditional Mina culture, his gaze on contemporary society is unique, sometimes ironic and often moving. He is a recipient of the Dauphine Prize for Contemporary Art, the Young Talent Revelation Prize for Plastic Arts ADAGP as well as the Aurige Finance and the Amis des Beaux-Arts et Juvenars-IESA Prize. His work will be displayed at Du Salon Du Dessin in Paris (23-25 March, 2018), as part of a group exhibition at Anne de Villepoix Gallery during the first half of 2018 and in a solo show at Vincent Sator Gallery in April and May 2019.
About the Henrike Grohs Art Award
“The Henrike Grohs Art Award is a biennial award dedicated to artists living and working in Africa. Yet the message sent goes far beyond the continent. It is a universal address, a call for reflection and action”, said the jury members Koyo Kouoh (Artistic Director, RAW Material Company, Dakar), Laurence Bonvin (artist and representative of the Grohs family, Berlin), Raphael Chikukwa (Chief Curator, National Gallery of Zimbabwe, Harare) and Simon Njami (Curator, Paris).
The prize recognises the lifetime achievements of the former Head of the Goethe-Institut in Abidjan, Henrike Grohs, who was killed on 13 March 2016 in a terrorist attack in Grand-Bassam, Côte d’Ivoire. The award intends to continue her special commitment to support artists in Africa and make a contribution towards international dialogue.
The award will be awarded biennially to an artist or an arts collective practicing in the field of visual arts. Artistic quality is the most important criteria for the award. Collaborative partnership, imparting knowledge to other artists and social engagement are decisive elements for recognition.
Makouvia Kokou Ferdinand (Togo) – Photo by Peter Houston
Henrike Grohs Art Award: Mission Statement
“On 13 March 2016 in Abidjan, Côte d’Ivoire, Henrike Grohs was killed by the blindest hatred as she was spending time with friends at the beach. Two months before, a young photographer, Leila Alaoui, 32, was shot in Burkina Faso by the ‘same people’. Many more, too many more, have fallen simply because they were at the wrong place at the wrong time; simply because a handful of fundamentalists started a war of terror. We are facing troublesome times and it is our duty to refuse to surrender to fatalism. All those deaths must be transformed into something stronger than death, into something bigger than ourselves. Henrike was working for a better world. A world where, ‘a proud heart can survive a general failure because such failure does not prick its pride.’” (Chinua Achebe: Things Fall Apart).
The Henrike Grohs Art Award is established as an answer to all those who think that we cannot live together in a world where sharing would be the main aim. Where borders would have no meaning and where humanity would be the only matter to fight for – that is humanity as a whole, as something that cannot be destroyed and that remains untouched. The message is clear: we shall not surrender. We shall, as Henrike did, stand for what we believe in, without any compromise.
The award is dedicated to artists practicing in Africa. Yet the message that is sent is a universal address, a call for reflection and action. Art is probably the one field where no translation is needed. It is that universal language which transforms the ‘chaotic world of sensations’ that we all share, into forms of representations and relations. The Henrike Grohs Art Award aims at strengthening artists and encouraging them in their quest for a world of togetherness and dialogue. Art knows neither borders nor religion. It is the very expression of that flame that keeps us going, from North to South and East to West. It is the best expression of our unbreakable faith in our humanity.”
The Jury members: Koyo Kouoh, Laurence Bonvin, Raphael Chikukwa and Simon Njami
Henrike Grohs Art Award: video statements about the prize