Peeved with the negative perception of Africa by the outside world, Chairman, Aliko Dangote Foundation (Dangote.com), Aliko Dangote, on Monday, September 23, 2019 made a philanthropic donation of $20 million to The Africa Center in New York, United States of America towards reversing the trend.
Giselle Rufer, the Swiss creator of the unique women’s wrist watch DELANCE has unveiled a new fantastic collection christened OCEANE in June during the WIntrade week in London, and also in Switzerland at Hotel Baur au Lac, Zurich on 8 September on Luxury Day where luxury products were on display; among them were silk scarf, watches, jewelries, perfumes
The Nigeria’s President, Mr. Muhammadu Buhari has told the country that the “blight of corruption is fighting back.” This is contained in his address delivered on 1st October to mark the 59th Anniversary of the country’s independence.
Africa Oil Week (www.Africa-OilWeek.com) will be the place for major national roadshows in the oil & gas sphere. This year 30 ministries are taking part with over 20 making presentation. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.
The AU–EU–UN Tripartite Taskforce on the Situation of Stranded Migrants and Refugees in Libya met this morning in New York in the margins of the high-level General Debate of the 74th session of the UN General Assembly.
The AU Office convened a Media Orientation workshop on Africa’s industrialization on 25th to 26th September 2019 to enable the media report competently on industrialization.
ANGOLA – The President of Angola, Mr. João Lourenço has expressed the efforts being made by his country to demine the remaining minefields in the country to enable acceleration of the economic development of the country.
The African Development Bank (AfDB) is on a five-day consultative mission to the Commission of the Economic Community of West African States (ECOWAS) in preparation for the West Africa Regional Integration Strategy Paper (RISP) 2020 – 2025.
(Ecofin Agency) - Senegal is expected to achieve a 6% growth this year, the International Monetary Fund announced this week stressing that the figure should accelerate from 2022 thanks to the start of commercial production of hydrocarbons.
Between 2020 and 2021, the West African country’s GDP is expected to grow by 7% driven by private investment, and inflation is forecasted to remain low in the mid-term. However, the current account deficit is first expected to increase until 2021, as a result of imports needed for the construction of hydrocarbon projects, before declining once oil and gas production and exports begin.
As part of a 3-year program supported by the Policy Coordination Instrument (PCI), IMF wants to assist Senegalese authorities in the implementation of a “sustainable and transparent governance framework for newly-discovered hydrocarbon resources.” Let’s note the country is currently in the middle of a corruption scandal over the illegal allocation of two oil and gas fields to businessman Franck Timis by Aliou Sall, President Macky Sall’s brother.
Moutiou Adjibi Nourou
(Ecofin Agency) - Japan’s car company Toyota will soon set up a car assembly plant in Côte d’Ivoire. This is the purpose of an agreement the company signed on August 29 in Yokohama, Japan, with the Ivorian government.
African business leaders are less optimistic about the strength of the global economy and their organisations’ ability to grow revenues in both the short and medium term than they were a year ago. A quarter of African CEOs (25%) believe that the global economy will decline over the next 12 months.
Nestlé announced yesterday the 3 start-ups winners of the Nestlé Research and Development (R&D) Sub-Saharan Africa innovation challenge. They are SHOPIT, EXPORTUNITY and WAKULIMA from South Africa, Benin and Tanzania respectively.
It has become routine attacks on Africans, especially the Nigerians in South Africa for more than a decade now. The past and present governments seemed not to have taken the attacks seriously hence the attacks continue to grow in scopes, casualties and destructions.
AGCO has revealed plans for further development of the Future Farm project in Zambia. This will involve the upgrades of Phase II to include the construction of 24 rooms for students and staff, communal amenities such as a canteen that sits over 80 people and an Insaka homestead – a traditional complex of grass gazebos with a central court yard to encourage interactive learning.
A three-day conference organized by CRU (www.CRUgroup.com and the African Fertilizer and Agribusiness Partnership (AFAP) slated to take place in South Africa from 1 – 3 October 2019 and expected to discuss investment, partnership, and innovation of the industry, will boost agric industry in Africa.
Last month, Africa’s leading film studio and international TV network ROK was acquired by French TV company Canal+ Group for an undisclosed amount.
The buyout gives ROK studios, which already reaches 15 million subscribers across DSTV and GOTV platforms on the continent, the opportunity to produce Nollywood content for CANAL+ channels in French Speaking Africa and globally.
The 4th Edition of Prix Les Afriques (Africa Literary Book Prize Award) created by La Cene Littéraire in 2016 was won by Elnathan John, with the French translation of his novel Born on a Tuesday. The novel is the debut of the highly promising young Nigerian lawyer and writer.
The Swisscham Southern Africa (SCSA), with the support of the Embassy of Botswana recently organised an African summer barbeque to go with a presentation: An Audio–visual presentation on Botswana as a tourism and investment destination held in Georg C. Umbricht Law office at Bahnhofstrasse in the heart of Zurich.
Speakers and panellists at the 5th Edition of Africa Business Day (ABD) held recently in Zug, Switzerland discussed the issues of infrastructure deficit in Africa and agreed that Africa should prioritise its power sector to boost the continent’s economy.
Overcoming the infrastructure gap is a big challenge in Africa but is one that can bring huge opportunities, [for the continent and Swiss investors] asserted Mr. Jürg Sprecher, Head of Section Bilateral Economic Relations Middle East and Africa, Switzerland’s State Secretariat for Economic Affairs (SECO) in his address at the 5th Edition of Africa Business Day (ABD) a business platform between Africa and Switzerland organised by the Swiss-African Business Circle (SABC).
Under the banner of “International Geneva”, some consider Geneva as a city rich in cultural diversity. While it welcomes a varied cultural life, it is a commonly accepted reality that this diversity must be created and brought to life by those who wish to experience it fully.
Art, art and more art!! For art collectors and art lovers, there are a lot of major art events taking place in Europe this year. From the eponymous Venice Biennale to the FIAC in Paris, Frieze in London, to Art Basel in Switzerland, there is a lot to see and buy. It will of course require quite a bit of travelling and an investment in sturdy shoes but it is all worth it.
The South Africans celebrated the 25th anniversary of Freedom Day that ended Apartheid rule in 1994 after decades of obnoxious era.