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Africa Business Economy General Technology 

Innovation is the key to keep Africa moving forward

NAIROBI, Kenya, 20 June 2017, – In the wake of Africa month it’s easy to be proud of all that we are achieving as a continent. According to the African Development Bank, Africa is the continent with the world’s second fastest growing economy. There’s little doubt that our vibrant continent is making great strides towards a bright future, with our economy expected to grow by 3.4% in 2017 and 4.3% in 2018, according to research in the African Outlook Report. Children are being left behind But the 110 million children…

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Africa Business Economy General 

Efacec strengthens Bissau’s electrical capacity

Efacec (www.Efacec.pt/en) won the international public tender, promoted by the public company Eletricidade e Águas da Guiné-Bissau (EAGB), for the construction of essential infrastructure to double the current installed electrical capacity of Bissau. The contract, worth 10 million euros, includes the construction of two substations and a 6.2 km long line to link the new thermal power station, which will be built in Bor, to the capital of Guinea-Bissau. The infrastructure to be built by Efacec is a key step in the Bissau electrification architecture. In addition to doubling the…

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Africa Business Economy Education 

Winners Announced for Private Equity Africa Awards 2017

LONDON, United Kingdom, June, 2017/ — Private Equity Africa (PEA) (www.PrivateEquityAfrica.com) is pleased to announce the winners of the 2017 GP & Advisor Awards. The awards saw 22 firms collect much coveted accolades at the 6th Annual PEA Awards Gala Dinner hosted at London’s prestigious Savoy hotel on 1st June, which attracted about 250 industry professionals. The recipient of this year’s Outstanding Leadership Award was Ziad Oueslati, co-founding Partner at AfricInvest, for his contributions to the growth of the industry. This is the only award given to an individual and…

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Africa Business Economy General 

AIF announces the top 10 nominees for Innovation Prize for Africa 2017

Innovators from nine African countries shortlisted for their outstanding innovations across healthcare, engineering, energy and communications sectors ACCRA, Gha The African Innovation Foundation (AIF) (www.AfricanInnovation.org) today announced the top 10 nominees who will be contending for the 2017 Innovation Prize for Africa (IPA) (http://APO.af/iaUJZd), to be awarded in Accra, Ghana on 18th July 2017. Innovators from nine African countries including Democratic Republic of Congo, Egypt, Kenya, Liberia, Morocco, Nigeria, South Africa, Uganda and Zimbabwe have been shortlisted for the prestigious Prize. This year’s innovators have demonstrated incredible proficiency through innovative solutions…

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African Oil and Gas and the Quest for Prosperity – A review of the book “BIG BARRELS”

BIG BARRELS has arrived very late. For many like myself, who struggled with the scarcity of positive Africa-specific case studies at business school; it’s about time, too. By showcasing examples of countries where the ‘Resource Curse’ is being overcome, NJ Ayuk and Joio Gaspar Marques have placed a finger right on the pulse of Africa’s future prosperity. The writers point to a more transparent kind of African leadership, with working examples of cooperation, civic responsibility, accountability, and successfully managed policy. BIG BARRELS provides material for far-reaching academic discussions about Africa’s…

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Africa Business Economy Education 

Driving industrialisation in Africa through entrepreneurship

African governments urgently need to recognise the potential of the continent’s entrepreneurs and implement policies to promote entrepreneurship, according to the 2017 African Economic Outlook report. The latest report – produced by the African Development Bank, the UN’s Development Programme and the OECD Development Centre – calls for African governments to continue their adoption of digital technologies that can enhance the provision of public services. It also emphasises that intra-African trade and industrialisation need to be a central tenet of Africa’s economic policy agenda. “Foreign direct investment from large international…

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Africa Business Economy General 

Nigeria’s scrap metal industry booms

At the busy Nkpor-Abakpa scrap market in Enugu state, southeastern Nigeria, 33-year-old Samson Ugochukwu stands in front of his shop. He watches as tons of metal and aluminium scrap materials are loaded onto heavy duty trucks destined for Lagos, the commercial capital. There, they will be recycled and processed into finished products. Behind his shop in the market is a parking yard where collected scraps are stockpiled, ready for transportation. The scrap industry in Nigeria is fast becoming a booming venture with traders taking in thousands of naira monthly. Nigeria’s…

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Africa Economy Education Featured General Social Sports 

Chiney Ogwumike joins ESPN to co-host SportsCenter across Africa

Connecticut Sun forward Chiney Ogwumike has joined ESPN as the co-host of the African edition of SportsCenter. Ogwumike, the 2014 WNBA Rookie of the Year, will join co-host Phil Murphy on the show that will be broadcast across 19 sub-Saharan countries. “I am thrilled to be joining ESPN to host this unique edition of SportsCenter dedicated to sports fans across Africa,” said Ogwumike. “This is a wonderful opportunity to combine who I am and what I am passionate about. As a Nigerian-American professional women’s basketball player, and now SportsCenter co-host,…

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Africa Business Economy 

How African countries can harness the huge potential of their oceans

Over the past decade there’s been a steady rise across Africa in the attention given to the responsible use of the oceans to contribute to economic growth – or what’s known as the Blue Economy. The opportunities around Africa’s blue economies are enormous with significant potential to create jobs and improve livelihoods. But what’s often missing in debates are issues of governance and security. Five themes are particularly important to ensure both: safety and security, rule of law and transparency, respect for human rights, sustainable economic opportunity and human development….

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Africa Business Economy Technology 

New chairperson for telecoms companies – AIM

The shareholders of Mozambique’s two publicly owned telecommunications companies, TDM (which runs the network of fixed lines), and the mobile telephony company MCel, met on Thursday and elected Mohamed Reafique Jusob as chairperson of the board of directors of both companies. The shareholders also confirmed the principle of merging the two companies into one, in line with government policy towards the telecommunications sector. Rafique was Deputy Minister of Industry Trade and Tourism between 1994 and 2000. From 2000 to 2010 he was the general director of the government’s Investment Promotion…

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