Africa Economy General News 

APO Group selected as Official Newswire of Web Summit 2018

Exclusive agreement means APO Group will provide enhanced press visibility of the event which is the largest of its kind in the world LAUSANNE, Switzerland, October 10, 2018/ — APO Group (www.APO-opa.com), the leading global media relations consultancy, has been selected as the official newswire partner for Web Summit 2018 (www.WebSummit.com), to be held in Lisbon on 5-8 November. Web Summit (https://WebSummit.com/) is the largest tech conference in the world with 1.200 speakers and over 70.000 delegates from 170 countries gathering for three full days of networking and business. APO Group…

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IMF podcast: Difficulties present opportunities for the African entrepreneur

Each country in sub-Saharan Africa has its own set of challenges and opportunities. And while the international community puts a lot of resources toward trying to figure out how best to keep the region’s economies growing, most Africans would say that Africa’s development lies in the hands of its own young entrepreneurs. Mame Khary Diène, is one such entrepreneur from Senegal, where she found her first business opportunity in the form of seeds from the enormous Baobab tree. Diène was invited to join a panel discussion about private investment in Africa during…

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Antonio Pedro: Five roots to Central Africa’s industrialisation

Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000s, the subsequent oil glut and nose-dive of commodity prices have left a bitter taste of over-dependence on oil and other extractive industries in the mouths of many people in Central Africa. The challenges are real because unfortunately, countries in Central Africa, as producers of unprocessed raw materials, are perennially exposed to external shocks and locked in the lower end of global value chains, as…

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African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators

The training will also address the needs and perspectives of women and men in policymaking and the United Nations Framework Convention on Climate Change processes, adopted on 9 May 1992 ABIDJAN, Ivory Coast, September 20, 2018/ — African Development Bank Convenes Climate Change Seminar on Gender Mainstreaming for African Group of Negotiators:                         Date: 27 September, 2018                         Location: Le Ndiambour Hotel, Dakar, Senegal The African Development Bank (www.AfDB.org)  will conduct a seminar on gender mainstreaming in climate negotiations for the African Group of Negotiators (AGN) in Dakar, Senegal, on Wednesday,…

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Africa Economy Featured General News Technology 

TE SubCom chosen to extend MainOne Cable System to francophone region

New landings designated for 7,000km submarine communications cable stretching from Portugal to West Africa LAGOS, Nigeria, September 20, 2018/ — TE SubCom (http://www.TE.com/global-en/industries/subsea-communications.html), a TE Connectivity Ltd (http://www.TE.com/) company and an industry pioneer in undersea communications technology, today announced that it has secured a contract from leading connectivity and data center solutions provider, MainOne(http://www.MainOne.net/), to extend its active submarine cable system into West Africa’s francophone region with two additional branches connecting Senegal (Dakar) and Cote D’Ivoire (Abidjan). These new branches will connect to MainOne’s 7,000km cable system, which extends from Portugal…

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African Development Bank President Adesina urges Canada to be present at Africa’s investment table

Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto TORONTO, Canada, September , 2018/ — African Development Bank President (www.AfDB.org), Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto. Promoting the Bank’s upcoming Africa Investment Forum (AIF), scheduled for 7-9 November 2018 in Johannesburg, South Africa, Adesina said, “Canada must not…

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Africa’s entertainment and media industry enters dynamic new wave of convergence – 3.0

By 2022, total E&M revenue in South Africa is expected to reach R177.2 billion, up from R129.2 billion in 2017 JOHANNESBURG, South Africa, September , 2018/ — Africa’s entertainment and media industry has entered a dynamic new phase – a third wave of convergence. The borders that once separated the entertainment and media (E&M), technology and telecommunications industries are blurring in the battle for the attention of the consumer in a world that is rapidly digitising. As the mobile device cements itself as the pre-eminent source of the E&M experience,…

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SACFruits: A Good Idea Comes to Fruition

A few years ago, Afie Braimoh was hired from Florida in the US to manage the setup of a juice manufacturing plant in Benue State – Nigeria’s acclaimed “food basket” – where she learnt that many famers in Benue suffer huge post-harvest losses due to a lack of storage facilities and poor roads. “I saw lots of rot in food produce,” Braimoh recalls, and she started to think of a solution to create a sustainable value chain while empowering farmers. How did it all start? At first, she considered setting up a…

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How the Weather is Yielding Resilience for Zambia’s Smallholder Farmers

Just having better information about when and for how long it will rain is proving the difference between success and failure among Zambia’s smallholder farmers. Empowered with timely information about the weather ahead of the 2017/18 farming season, 56-year-old Fainess Muzyamba of Pemba district ditched her traditional maize crop for sweet potatoes. “Through the monthly weather briefings that we get, I decided to plant sweet potatoes instead of maize,” Muzyamba told IPS. The monthly weather bulletin that Muzyamba is referring to is part of an integrated package of interventions under…

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Remittance income will drive economic growth for Africa

Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q3 2018 launched today, the accountancy body NAIROBI, Kenya,  September 2018, – The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West and Central Africa, Franc Zone, Northern Africa, Southern Africa. According to the report, East Africa continues…

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