BUSINESS

MoneyGram opens new office in Frankfurt, expands operations in Germany

As part of the massive expansion of its operations in Germany, the global CEO of the worldwide operating money transfer provider MoneyGram, Alex Holmes, was in Frankfurt recently to open the company’s new head office in Germany. The occasion provided opportunity to talk about money transfer in a time of refugee crisis and the social responsibility of operators in the …

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UK sanctions Cameroon timber traders for EU violations

The UK Authorities charged with enforcing the EU timber regulations (EUTR), have taken action against 14 UK importers sourcing timber from Cameroon linked to illegal logging.[1] Green Peace Press Release This news was presented at a Chatham House meeting in London on June 16, following comparable action by the Netherlands in early March, demonstrating that timber from Cameroon is coming …

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Special Report: Money Transfer to Africa

Remittance business undergoes silent revolution Before Western Union started offering money transfer services to Africa in 1995, the first company to do so, it used to take weeks if not months to find somebody travelling home to take the envelope along. And the brave ones among us who hid money in mails were often unlucky after post office workers in …

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President Mukherjee’s visit strengthens Indian-African economic ties

At the end of his three-nation African trip in June, Pranab Mukherjee, the Indian President, said: “We have, through these visits, conveyed the message that India takes its engagement with Africa seriously and intends to follow up with determination on the announcements made at the India-Africa Forum Summit. India is committed to further consolidate our cooperation with all African countries.” …

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German development bank grants US$150 million loan to Africa Finance Corporation

Africa Finance Corporation (AFC) has announced its acceptance of a US$150 million 15 year loan facility from German development bank KfW. The loan agreement was signed on 22 June in London by Andrew Alli, CEO of AFC, and Jan Martin Witte, Head of Division for Infrastructure at KfW. The funds will be used to refinance projects across the corporation’s current …

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INTERVIEW: Why Ghana is the best place to invest in Africa

Ghana is very serious about attracting foreign investment, says Mawuena Adzo Trebarh, chief executive of the Ghana Investment Promotion Centre (GIPC). During an exclusive interview with our correspondent Francis Sackitey in Accra recently, she talked about the incentives offered by her country, the preferred sectors for investment and the advantages of doing business in Ghana, among other issues. Why should …

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Germany-based companies explain why groupage container service to Nigeria pays

Two companies have recently commenced groupage container service to Nigeria from Germany. Groupage means the consolidation of several small shipments into a single container. Eze Shipping Service in Hanover and Vin Kem Shipping in Frankfurt/Main said they introduced the service in response to demand from their customers who would like to regularly send small consignment of goods to Nigeria. It …

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Journey to Africa’s Middle Class

The Western media’s picture of Africa is characterised by two extremes: usually depicted are either the very poor masses who cannot feed themselves and who are all allegedly knocking on the door of Fortress Europe or the very rich who make their money at the expense of those poor people. The middle segment of society, however, is ignored in foreign …

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“Nigeria is the next global manufacturing hub”

The recent inaugural Nigeria Manufacturing Expo in Lagos has been hailed as a great success by the event patrons, the Manufacturers Association of Nigeria, according to organisers Clarion Events. The event, launched in response to the federal government’s commitment to industrialisation and Nigeria’s need to diversify, welcomed more than 2,600 manufacturing experts over three days in March. The top manufacturing …

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Renowned Chinese economist advises Africa on economic development

Do what you are good at, says Ha-Joon Chang “Countries can decide their development path. Countries become good at things because they want to excel at making those particular things,” renowned development economist Ha-Joon Chang told an audience on 3 April at the second Annual Adebayo Adedeji Lecture, part of activities marking the 2016 Africa Development Week, which took place …

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Africa goes biometric

Cameroon-born visionary entrepreneur introduces innovative immigration security system Bridge Corporation is a Berlin-based leading biometric technology company that has evolved from a traditional visa application-processing company to implementing finger print scanning technology, to employing biometric technology and finally providing consultancy services on security issues related to immigration. In an exclusive interview with The African Courier, the Cameroon-born entrepreneur and the CEO …

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Egypt encourages African integration in Sharm el Sheikh

The Africa 2016 Forum, which took place in the Egyptian resort city of Sharm el Sheikh on 20-21 February, has called on African countries to create greater trust and co-operation between governments and the private sector. The Forum, the first international business and investment forum of its kind and that was aimed at strengthening business ties within Africa, also charged …

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Agriculture is the future of Zambia

Zambian Minister:  “The only sector that assuredly alleviates poverty is agriculture. Our focus is to grow this industry that is the future of this country.” Zambia’s premier agricultural trade fair Agritech Expo takes place on14-16 April at the Gart Research Centre, Chisamba. In the run-up to the important event, Spintelligent interviewed the Zambian Minister of Agriculture and Livestock, the Honourable …

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South Africa promotes premium wines in Europe

To boost its export sales, South African wine makers are promoting higher-priced products in European markets. Wine exports fell to 422.7 million litres last year from 525.6 million litres in 2013, according to the Wines of South Africa, the association representing all producers of wine who export their products.  Exports in 2015 are predicted to be on a par with …

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10th German-African Energy Forum holds in Hamburg

Political and business leaders from Germany and Africa will converge on Hamburg on 25-26 April for the 10th German-African Energy Forum. The annual event offers a platform for players in the energy sector for interaction and networking. The Forum features discussions on current topics, projects and opportunities for markets for renewable and conventional energy in Africa. Ministers from nine African …

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Ethiopia hosts international coffee confab

The 4th World Coffee Conference will take place in Addis Ababa on 6-11 March 2016. The event, organised by Ethiopia’s Ministry of Trade in collaboration with the International Coffee Organisation (ICO), will bring together more than 1,200 participants drawn from the member countries of the global body. The conference will also host the 116th annual conference of the international coffee …

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Manufacturing Expo in Lagos

International equipment manufacturers meet Nigerian companies The new government of President Muhammadu Buhari has announced as one of its key policy agendas the promotion of manufacturing in Africa’s most populous country. The major instrument the administration is employing to achieve its professed aim is the Nigerian Industrial Revolution Plan (NIRP), which is facilitating investment and growth within the sector.  In …

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