Special

BREAKING! Nigeria: Buhari appoints new Economic Advisory Council

A new body replacing the economic management team led by Vice-President Yemi Osinbajo has been appointed by President Muhammadu Buhari on Monday. The announcement, which was contained in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina, gave details, “This advisory council will replace the current Economic Management Team and will be reporting directly …

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Ethiopia unveils blueprint to create ‘economic miracle’

The government of Ethiopia has unveiled what it describes as a “Homegrown Economic Reform” agenda aimed at unlocking the country’s development potential. “Several months in the making and spearheaded by some of Ethiopia’s finest minds, our initiative aims to propel Ethiopia into becoming the African icon of prosperity by 2030,” said Prime Minister Abiy Ahmed of Ethiopia. He made the …

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What Dark Continent? Understanding Investment Opportunities in Africa

Muftau Muyiwa* writes on the changing narrative of Africa. Once depicted as a “hopeless” place incapable of installing and sustaining democratic rule or effective governance, it’s now being trumped as a continent of opportunities. The author explains that Africa has always been a haven of business and economic opportunities and what the world must do engage the continent’s reality to …

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Afrolynk holds Africa Tech & Entrepreneurship Week in Berlin

Afrolynk, an organisation that promotes increased African-European business relationship with a focus on technology, will hold its 2019 conference in Berlin, Germany, from 16-20 September. The five-day ‘Africa Tech & Entrepreneurship Week’ will feature workshops, an ecosystem tour and a start-up night.    This year’s conference, with the theme ‘strategic partnerships for sustainable growth’, will focus on how to transform businesses …

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More than a quarter of development aid funds remains in donor countries – study reveals

More than 25 percent of development aid funds are not spent in developing countries, according to a new study, which shows that expenditure on refugees in Germany takes increasing share of overseas assistance. Researchers warn of the risks of this policy. A significant part of funds for development aid is spent by rich donors within their own borders. This is …

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German software giant SAP honours outstanding African digital successes

The SAP Quality Awards were established in 2005 as a means of recognising companies that have excelled in their use of SAP technologies to achieve digital transformation against a number of key metrics. This year, a total of 19 organisations from West, East and Southern Africa were recognised for their outstanding results across a number of successful implementations.

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Germany most popular non-English speaking country for foreign students

Germany has become the most popular country in the world for foreign students in the non-English speaking world. A new study released by two academic services found that students were attracted by better prospects. Ben Knight of DW reports Germany has overtaken France as the most popular non-English speaking country for international students, according to a new study. Germany came …

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Experts deliberate on the future of work in Africa at Accra summit

More than one hundred Human Resource (HR) Professionals have gathered in Accra for the 2019 Ghana HR Summit organised by Mercer, a global consulting leader in advancing health, wealth and career , in partnership with Learning Organisation Ghana to brainstorm on the future of work and how it will be created.  The two-day Summit which started on 13 August 2019 took …

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Europe-based dealers alarmed as China begins export of used cars to Africa

Until now, used vehicles sold in most African countries are usually from Western Europe, United States and Japan. The announcement that China had joined the trade of supplying second-car cars to the continent is causing jitters among other exporters. The news came unexpectedly two days ago. The Chinese Ministry of Commerce announced that it had commenced the export of used …

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Business association wants to fund Germany-based companies to invest in Africa

A business association wants to lure German start-ups with millions of euros to the African continent. They should benefit from the economic upturn there. The Germany Africa Business Forum (GABF) wants to promote German energy start-ups with several million euros. This was announced by the private association, which has its offices in Berlin and Johannesburg. GABF co-founder Sebastian Wagner said: …

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Why sending money to Africa more expensive than to other continents

Money sent by people living outside their countries of origin accounts for the largest foreign exchange inflow for many nations, indicating the huge importance remittances have assumed as a factor of economic development. For example, Africa received an estimated US$65 billion in remittances in 2018. Sending money to the continent is however more expensive than sending to any other region …

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First “Made in Rwanda” Volkswagen rolls off assembly line

Rwanda took a big step forward in its quest for industrialisation on Monday when the first “Made in Rwanda” Volkswagen Polo rolled off the assembly line in the Kigali Special Economic Zone. President Paul Kagame, personally graced the “historic moment” and he expressed his delight to see German vehicles produced in his country. He described the event as “a pride …

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