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Africa Business Economy General 

What are the new trends driving private infrastructure investment in emerging markets?

Over US$4.5tn a year will be spent on infrastructure between now and 2020. A recent article by PwC identified a number of themes likely to guide that investment in a world where politics, technology and markets are changing fast. The five themes are: Investors broadening their horizon New political leadership unveils ambitious goals Future-proofing against obsolescence Sustainable infrastructure for the long term Commodity-rich regions prioritise infrastructure Of these themes, I think three are particularly relevant, with each having its own specific drivers and impacts. However, all three are now converging…

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Business Economy General Technology 

Green airports of the future

Few places in the world – namely the Wicklow Mountains in Ireland, Yorkshire in England and a pinch of other locations globally in the then British Empire – share this accolade. For the state of Kerala, its tourism department could have picked this slogan to match the beautiful, picturesque and perfectly laid out landscape. Located in the city of Kochi, the state hosts Cochin International Airport, which is the world’s first fully solar-powered airport. It’s development, dubbed aviation’s first venture owned by the public, under a public-private partnership was funded by…

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Africa Business Economy General Technology 

Continent-wide digital skills development initiative aims to train half a million young Africans in one week

PORT LOUIS, Mauritius, – The 2017 edition of Africa Code Week officially kicked off yesterday in Flic-En-Flac, Mauritius. Now in its third year, Africa Code Week aims to spread coding literacy among African youth, with a key focus on female skills development and training. Started in 2015 by SAP Corporate Social Responsibility EMEA and several public and private sector partners, the initiative has a long-term goal of empowering more than 200 000 teachers and positively impacting the lives of 5 million children and youth within the next 10 years. In…

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Africa Business Economy General 

Bill & Melinda Gates Foundation September event

At the foundation, we are guided by the belief that everyone deserves a chance to lead a healthy and productive life, and we’re encouraged by the incredible progress toward achieving that goal. In their annual letter this year, Bill and Melinda shared a few of the stories that give them hope for the future – poverty has been cut in half, people are living longer and healthier lives than ever before. While we know that progress is possible, it’s not inevitable. The stakes are high and particularly during this time…

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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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