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BUSINESS & DEVELOPMENT

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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Germany urges more investments in Africa

Germany’s Development Minister Gerd Müller has called for more German engagement in Africa at the just concluded 2nd German-African Business Summit  in Nairobi. He argues that investments help reduce poverty. Daniel Pelz reports.Dr Gerd Müller does not hesitate. With a huge smile, the minister picks a white coat and heads to the manufacturing hall of Kevian, a leading Kenyan juice …

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German-African Business Summit opens this week

The 2nd German-African Business Summit (GABS) takes place in Nairobi, Kenya from 8 to 10 February 2017.The first edition of the event, held in Berlin in September 2015, provided a forum for some 400 participants from the worlds of business and politics, from Germany and Africa, to discuss Africa’s prospects and potential and to make new contacts. In his keynote …

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African leaders give Germany’s Marshall Plan ‘thumbs up’ at Davos

Germany’s ‘Marshall Plan’, which calls for an equal partnership to industrialize Africa, has received positive feedback among African business leaders at the World Economic Forum in Davos, which took place from 17-20 January. But some are a bit wary, reports Martina Schwikowski.Germany’s Marshall Plan with Africa has received a lot of praise but also criticism. Some call the economic plan too ambitious. Germany’s …

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Nigeria, GE plan collaboration on railway development

The Federal Government of Nigeria and General Electric (GE) are in talks over the planned concession of railway projects in the country on the basis of Public Private Partnership.“We are negotiating with GE to take over the narrow gauge from Lagos to Kano-Funtua-Yobe, and from Port Harcourt to Borno,” Nigeria’s Minister of Transportation, Chibuike Rotimi Amaechi, has said.He added that …

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World’s biggest fair for food and agriculture opens in Berlin

The International Green Week has opened today in Berlin. The exhibition, which is the world’s biggest fair for food, agriculture and horticulture, will run until 29 January.In a total of 26 exhibition halls, about 1,500 national and international exhibitors present typical regional products and services and invite visitors to discover the world’s foods and other treats.The International Green Week Berlin, …

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Germany’s ‘Marshall Plan’ for Africa unveiled in Berlin

German Development Minister Gerd Müller has presented his long-awaited new Africa strategy. He’s proposing a new level of development cooperation, as Daniel Pelz reports from Berlin.Fighting poverty in Africa is not just a moral obligation, but also in the self-interest of wealthy countries like Germany, German Development Minister Gerd Müller said as he presented his long-awaited “Marshall Plan” for Africa in Berlin.“Germany …

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