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Africa Economy Education Technology 

eSchools Africa Initiative set to cross the milestone for providing IT Infrastructure and Internet Connectivity to schools in Africa.

eSchools Africa Initiative is a scheme run by eSchools Africa LLC to enhance computer penetration and ICT for education in schools in Africa. The scheme currently operates in two countries in Africa. A pilot scheme of 15 schools in Busekelo district council at Mbeya region in southern Tanzania is now ready for Launch. This will see the scheme replicated across the rest of country, while in Nigeria agreements are concluded with 4 state Governments to connect over 3000 schools in Nigeria within the next 12 months. A statement issued by…

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Business Economy Education Featured General 

Companies benefit from the Fourth Industrial Revolution, but do countries?

By now we can see that the fourth industrial revolution can provide a solid competitive edge for companies who create innovative business models enabled by advanced technologies. But when it comes to national economies, where and how is the fourth industrial revolution (4IR) enhancing competitiveness? Using innovation as a proxy for the uptake of digital technology in developed economies, competitiveness of the top countries seems to line up fairly well with innovation. For example, nearly all of the top 10 countries named on the World Economic Forum Global Competitiveness Index…

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Africa Business Economy Education 

Tax evasion and dirty money are draining Africa

Tax evasion benefits individuals to the detriment of society, wiping out state services. It also hampers the achievement of the eight United Nations millennium development goals (MDGs), which were designed to meet the needs of the world’s poorest people. If tax evasion takes place in the grey area between legality and illegality – such as when companies shift their headquarters to tax havens – tax fraud involves the overt breaking of laws. It is often combined with dirty money from illegal activities (trafficking, terrorism, etc.) and thus weakens the gross…

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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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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 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 Economy Education 

At 50, the International Institute of Tropical Agriculture (IITA) expands research investment with the inauguration of 205.5 ha research farm

As the International Institute of Tropical Agriculture (IITA) (www.IITA.org) marks its 50th anniversary, the Institute today inaugurated a new research station in Ago-Owu in Osun state, Nigeria, as part of efforts to expand its research agenda and create impact at farm level. The Ago-Owu research station is located in Ayedade Local Government Area, Osun state, and will primarily serve as a research and training facility that will backstop the state’s agricultural programs and offer training support to the youth in the area in particular and Nigeria in general. In 2015,…

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Africa Business Economy Education Food and Agriculture General 

The pros and cons of commercial farming models in Africa

Colonialism brought large-scale farming to Africa, promising modernisation and jobs – but often dispossessing people and exploiting workers. Now, after several decades of independence, and with investor interest growing, African governments are once again promoting large plantations and estates. But the new corporate interest in African agriculture has been criticised as a “land grab”. Small-scale farmers, on family land, are still the mainstay of African farming, producing 90% of its food. Their future is increasingly uncertain as the large-scale colonial model returns. To make way for big farms, local people…

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Africa Business Economy Education 

Africa’s economic headwinds are subsiding

This article is an excerpt from Quantum Global’s Q2 2017: Africa Investment Review. Economic activity in sub-Saharan Africa is regaining momentum. Growth is anticipated to rebound to about 2.9% in 2017, following a sluggish 1.5% in 2016, lifted up by a modest recovery in commodity prices, an improving global economy supporting external demand, and appropriate policy interventions. The headwinds experienced last year are subsiding, while policy reforms are beginning to bear fruits, as heralded by improving leading economic indicators. Oil prices are expected to average US$55 per barrel in 2017,…

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