BUSINESS

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 …

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 …

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 …

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 …

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 …

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 …

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 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 …

  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 …

Mohammed Dewji, Group CEO of MeTL (Mohammed Enterprise Tanzania Limited) took home the prestigious ‘CEO of the Year’ award and Anta Babacar Ngom Bathily of Sedima won the award for ‘ Young CEO of the Year’ at the 2017 AFRICA CEO FORUM in Geneva yesterday. Mohammed Dewji beat off competition from business heavyweights across the continent to take home one …

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 …

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 …

  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 …

GENEVA, Switzerland, 2 March 2017,-/African Media Agency (AMA)/- The 5th edition of the AFRICA CEO FORUM will take place from 20 – 21 March in Geneva and will focus on how to succeed in this new economic cycle on the continent. Having cemented its status as the foremost meeting dedicated to the development of the African private sector, the AFRICA …

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 …

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 …

Owning a house in their home countries is a common investment Diaspora Africans have to make. They do so for a variety of reasons. Building a home at home is like building a future at home as many migrants would like to spend life after retirement in their countries of origin. Some also build to provide a home for ageing …

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 …

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 …

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 …