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BUSINESS & DEVELOPMENT

Eleven African ministers in Hamburg for German-African Energy Forum

Political and business leaders from Germany and Africa converge on Hamburg on 25-26 April for the 11th German-African Energy Forum. The annual event offers a platform for players in the energy sector for interaction and networking.Ministers from eleven African countries and two German State Secretaries will attend the conference. The African ministers, in charge of energy and/or industries, are from …

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Wooing Russians for Made-in-Morocco products in Moscow

Moscow hosted the third edition of “Morocco Festival” , an event that showcased and introduced Moroccan products to Russian customers, in Moscow on 14-23 April. Organised by the Moroccan Centre for Exports Promotion – “Maroc Export”-, the fair highlighted Made-in-Morocco products such as textile, leather, cosmetics, footwear and decoration articles to target a new strategic market.Through its rich culture, Morocco is …

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Cameroonian appointed head of Economic Commission on Africa

Cameroonian economist and banking executive Vera Songwe has been appointed the new Executive Secretary of the Economic Commission on Africa (ECA).Dr Songwe beat more than 70 candidates to clinch the post which was held by Dr Carlos Lopes of Guinea Bissau who stepped down from the organisation in September last year.ECA is one of the United Nation’s five regional commissions, …

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Economic growth in East Africa remains strong despite drought – report

East Africa’s economy has continued to grow despite the adverse effects of drought being felt across the region according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report.In Economic Insight: Africa Q1 2017 launched on 13 April, the accountancy and finance body points out that authorities from various East African nations have attempted to mitigate the …

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All set for Africa Day Investment Forum in Hamburg; register now!

This year’s Africa Day Hamburg will take place on 24-28 May. The event, which celebrates the founding of the Organisation of African Unity (now African Union) 54 years ago, takes place annually in the merchant city.The Day, will among other events, feature an investment forum which brings together German businessmen and women who are interested in doing business in Africa …

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African migrants in Italy launch organic yoghurt, vegetable business

It’s an inspiring story of how to turn adversity to advantage. After working on farms in southern Italy for pitiful salaries, in 2012 some migrants from West Africa decided to start their own agricultural co-operative near Rome. The business, which produces organic yoghurts and vegetables and delivers them by bike, is entirely environmentally friendly. Chloé Lauvergnier reports.The co-operative is called Barikamà, …

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German unemployment hits new record low

Unemployment in Germany hit a new record low in March, official data showed Friday (31 March), as Europe’s largest economy continues to defy economic uncertainty with a strong performance.The out-of-work figure fell to 5.8 percent this month, the Federal Labour Agency said, beating analysts’ forecasts.A 0.1-percentage point fall from the level it had held since January placed it at a …

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The African countries with the wealthiest and poorest citizens

Mauritians are the wealthiest individuals in Africa with an average wealth of US$25,700 per person, whilst people living in Zimbabwe are the poorest with US$200 per person. Interestingly, This was revealed in the just-published ‘AfrAsia Bank Africa Wealth Report 2017‘.Note: “wealth per capita” refers to the average wealth of a person living in each country. It excludes government held wealth.Other …

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Berlin conference: Time for German companies to go Africa

Speaker after speaker talked about the immense potential for greater German-African trade at the first Germany-Africa Business Forum (GABF) in Berlin recently.The event, which brought together entrepreneurs, CEOs, key opinion leaders and politicians, featured presentations on the challenges and prospects for doing business in Africa.In his keynote speech, former President Thomas Boni Boyi of the Republic of Benin praised the …

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How African entrepreneurs are changing the story of the continent

Netherlands-based journalist and publisher Iwa Adetunji* writes on how businessmen and women are silently driving development in Africa.As gloomy as it may seem here and there, Africa is indeed rising. Africa is rising not because its governments have suddenly woken up from their slumber. It is rising not because the benefits accruing from its vast natural resources are now trickling …

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President Akufo-Addo in Geneva, vows to position Ghana beyond foreign aid and charity

 The President of Ghana, Nana Addo Dankwa Akufo-Addo, and his Senegalese counterpart President Macky Sall, were at the Africa CEO Forum 2017 in Geneva where they discussed how Africa’s sub-regions can work more closely together in a world where demands for economic nationalism and protectionism are on the rise.Switzerland’s Minister of Economic Affairs, Education and Research, Johann Schneider-Ammann, gave the …

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World Economic Forum Opens Search for Africa’s Top Female Innovators

The World Economic Forum has launched its second annual search to identify Africa’s next generation of top female technology innovators and entrepreneurs. The top five entrepreneurs selected by the Forum’s judging panel will be invited to participate in the World Economic Forum on Africa on 3-5 May in Durban, South Africa.Building on the success of last year’s inaugural search, the World …

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Women breaking the glass ceiling in African business

 GENEVA, Switzerland, 21 March 2017 -/African Media Agency (AMA)/- Even though women make up a little over half of Africa’s growing population, they have had little, albeit increasing, involvement in power and strategic decision-making.As part of the African Women in Business initiative launched at this year’s Africa CEO Forum in Geneva, a high-level panel of female leaders gathered to discuss …

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5th Africa CEO Forum opens in Geneva with call for a new ‘Business Model’

GENEVA, Switzerland, 20 March 2017,-/African Media Agency (AMA)/- Rethinking the African ‘business model’ to remain relevant in a changing and competitive environment set the tone for the opening of the fifth edition of the Africa CEO Forum, a Jeune Afrique Group initiative, organized in partnership with the African Development Bank.In his keynote address, Amir Ben Yahmed, Founder and President of …

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Business leaders and companies shaping Africa to be honoured in Geneva

GENEVA, Switzerland, 13 March 2017,-/African Media Agency (AMA)/- The Africa CEO Forum 2017, the most high-profile international forum on African private sector development, will be held on 20 and 21 March in Geneva and, for the fifth consecutive year, will salute the economic performance of African business leaders and companies.Every year, the Africa CEO Forum Awards recognise those companies and …

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African bankers scrutinize German minister’s ‘Marshall Plan with Africa’

 German Development Minister Gerd Müller has been canvassing support for his ‘Marshall Plan with Africa’ at the African Development Bank in Ivorian capital city of Abidjan. Some bankers thought his discussion paper lacked detail, reports Adrian Kriesch.In the modern premises of the African Development Bank (AfDB) in the Ivorian commercial hub of Abidjan, around twenty board members are gathered around …

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German prize awarded to Kenyan team for developing innovative healthcare financing scheme

Almost half of all Kenyans can’t afford to consult a doctor when they fall sick. A team of young Kenyan IT specialists came up with a prize-winning plan to change that, reports Daniel Pelz.Ethredah Chao had just 72 hours to find a solution to one of Kenya’s biggest problems.“Almost half of the Kenyan population lives below the poverty line. That …

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Business consultant Ambrose Okojie on how to promote increased German-Nigerian trade

An important role of the African Diaspora is promoting their countries of origin as a good destination of investment in their places of residence. A Nigerian who has taken that duty as a challenge is Germany-based Ambrose Okojie, the managing director of ABG Paulas, the company that organizes the annual Nigerian German Trade Mission and the Nigerian Business Day Potsdam.The …

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