Nairobi, 4 july. Representative of 28 African countries developed a draft roadmap aimed at driving the continent toward meeting the 2020 goal of the sound management of chemicals across their lifecycles.
Auteur/autrice : Rédaction Financial Afrik
The Department of Trade and Industry (the dti) recently launched the 2013 – 2016 Industrial Policy Action Plan which aims to prevent industrial decline, support the growth and diversification of South Africa’s manufacturing sector, as well as reduce the over-reliance on commodity exports.
Today, the European Commission announced €27 million of financial support to help improve the renewable energy policy in Nigeria. Currently, a large part of the Nigerian population lacks access to energy or relies on polluting fuels such as fuel wood and charcoal with severe consequences for health and the environment.
Hyatt Kilimanjaro Dar es Salaam, Tanzania 7:30 P.M. EAT PRESIDENT OBAMA: Thank you. (Applause.) Please have a seat. I apologize that we were a little bit late, but some of your colleagues had many things to say, and they were all extremely valuable. And I wanted to spend at least as much time listening as I was speaking.
Bamako, 26th June 2013: The First Conference of the Parties to the Convention of Bamako took place from June 24 – 26, 2013. Adopted in 1991 by in Mali, the Convention of Bamako is in response to article 11 of the Basel Convention which encourages bilateral, multilateral and regional Cooperation between countries. It came into force in force in 1998. 29 States have signed and 24 have ratified the Convention.
Bamako, 01 July 2013: In accordance with the United Nations Security Council Resolution 2100 (April 2013), the African-led International Support Mission in Mali (AFISMA) today transferred its authority to the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA), in a colourful ceremony in Bamako, Mali.
CGF Bourse reiterates its buying rate on Ecobank, and have revised it’s target price up to XOF 65,68, in response to Ecobank’s stellar performance in 2012. For the research and analytic department of the Dakar based Broket, « There is ample evidence that Ecobank has emerged stronger from a critical phase, successfully integrating two significant acquisitions that have lent it scale in the key geographies of Nigeria and Ghana. The benefits accruing from the expanded scale have started to crystallize, evident from the momentum in turnover and earnings growth ».
Addis-Ababa, 1 July 2013. Heads of State and Government of African Union Member States, together with representatives of international organizations, civil society organizations, private sector, cooperatives, farmers, youths, academia and other partners have unanimously adopted a Declaration to end hunger in Africa by 2025.
Will be the Brasilian’s experience in fighting hunger easy to cross Atlantic Ocean ? In a ten years, the south america’s giant came end to hunger by an original politic combining affecting a part of state budget to the poor’s families, giving seeds to a farmers as well as helping them to get a social protection, to send their children to school…
Angola, Africa’s second-largest oil producer, pushed back the start of its secondary market for bonds to the first quarter of next year. “This is an estimation,” Archer Mangueira, the chairman of the country’s Capital Markets Commission, said in an interview today at the London Stock Exchange.
In line with recent market developments and trade finance supports, ICC is proposing to develop further its market intelligence function to become the No.1 reputable and reliable provider of key analysis for the industry.
The ceremony of transfer of authority from the African-led International Support Mission in Mali (AFISMA) to the United Nations Multidimensional Integrated Mission in Mali (MINUSMA) will take place on Monday 01 July 2013 from 08:00 a.m.to 9:30 a.m. at the International Conference Center in Bamako.
While global FDI fell by 18 percent last year, Africa bucked the trend with inflows increasing 5 percent to $50 billion, as countries like Mozambique, Tanzania and Uganda reaped the benefits of new discoveries of oil and gas, according to the 2013 World Investment Report published by theUnited Nations Conference on Trade and Development.
The Third International Conference on Small Island Developing States (SIDS) will be held in Apia, Samoa, in 2014 to focus the world’s attention on a group of countries that remain a special case for sustainable development in view of their unique and particular vulnerabilities.
The World Bank’s Board of Executive Directors today approved a US$300 million loan for the Third Access to Finance for Small and Medium Enterprises (SMEs)project for Turkey. The project’s main development objective is to broaden and deepen the access of Turkish small and medium enterprises to medium- and long-term finance, specifically through lease financing.
Ecobank Ghana limited was named the country’s the Best Bank for the Year 2012 at the Ghana Banking Awards organised Saturday night in Accra. At a well-attended ceremony themed ‘Promoting Ethics, Integrity and Compliance in the Financial Services Industry’, the bank was crowned the best bank among its peers by the Corporate Initiative Ghana, the body that organises the annual Ghana Banking awards. The award is given to the bank with the highest weighted scores for customer survey, financial performance and other industry criteria.
Nigeria Sovereign Investment Authority (NSIA) – managers of the Sovereign Wealth Fund (SWF) – has disclosed that infrastructure and technology multinational, General Electric (GE) will contribute 15 percent in equity in its investment projects.
Ten years after its establishment, the Africa Peer Review Mechanism, has received acclaim for its contribution to sustainable growth and development in the continent. In remarks made at the opening of the APRM’s 10th anniversary Colloquium, Mr. Carlos Lopes, Executive Secretary of the UN Economic Commission for Africa described the APRM as a homegrown governance mechanism that has consolidated Africa’s ownership of its development agenda.
More than 1,000 bankers, politicians, regulators and investors meet in Paris on Tuesday and Wednesday for a conference of the Institute of International Finance (IIF), which lobbies on behalf of banks over regulatory, financial and economic issues.
The managing director of ARM Cement Pradeep Paunrana has for the first time bought additional shares in the Nairobi bourse-listed firm since he inherited an 18 per cent stake in 2011. Filings with the Capital Markets Authority (CMA) show that Paunrana’s stake increased to 18.2 per cent in March, pushing the worth of his direct stake to Sh5.81 billion. He bought nearly half a million shares currently worth Sh29.5 million within the three months to March.
Morocco will launch automatic price adjustment for some basic goods in the next two weeks, its first step towards reforming subsidies, its general affairs minister told Reuters. « We will activate automatic price adjustment in the next two weeks – before Ramadan – for whole energy products and sugar, except cooking gas, » General Affairs and Governance Minister Mohamed Najib Boulif said in an interview late on Thursday.
The Nigerian authorities embarked on june 19th on their Eurobond roadshow in London which will continue in Germany and the US in coming days. While the government had announced in the recent past that the roadshow would take place this month, the key question was whether it would still go ahead after the correction in the emerging market debt space in late May/June.
Orascom Telecom said that it is conducting talks over the terms and conditions to renew the licence of its Zimbabwean unit, Telecel. Responding to Egyptian Exchange (EGX) inquiries, Orascom said that Telecel Zimbabwe is not part of company’s consolidated financial resultsand represents a very tiny percentage of the group’s total revenues. On 31 May, the Zimbabwean government announced that it would not renew the licence unless Telecel turned over a majority of its shares to local shareholders. Orascom owns 60 percent of Telecel. The 15-year licence issued to Telecel, which has 2.6 million subscribers, expires next month.
At the ongoing African Airlines Association’s Suppliers and Stakeholders Conference (ASASC), four service providers to the aviation industry were last night presented with Awards by AFRAA for exceptional and exemplary service delivery to the aviation industry. The winners were SITA, Servair, EgyptAir Training and NAHCOaviance.
The European Union and Côte d’Ivoire announced today that they will launch negotiations of a new trade agreement to combat illegal logging. This scourge affects millions of poor people who depend on forests for their livelihoods, deprives governments of billions of euros every year and the associated deforestation worsens climate change.
A Swahili summary edition of the 2013 Human Development Report was launched here today by the United Nation Development Programme, marking the first time that UNDP’s flagship report has been available in the most widely spoken African language.
Africa is the main target for “land grabs” by foreign investors, according to a new report on large-scale land acquisitions around the world released Monday. “Africa is the place for cheap land deals and most investors are from Western countries like the U.S. and UK,” said Michael Taylor of the International Land Coalition (ILC).
The investment arm of the Sovereign Wealth Fund (SWF) – the Nigeria Sovereign Investment Authority (NSIA) – has approved an investment allocation of $850 million for the three investment windows of the SWF.
EU leaders want to create a single European energy market to ensure future power supplies are cheap, secure and sustainable. But as a new Friends of Europe discussion paper shows, there is no consensus on how to do so.
The global economy is awash with successive waves of liquidity generated over the past few years by the four most advanced economies, viz., the United States, the European Union (EU), Japan and the United Kingdom, known as the G4. This liquidity has taken the form of « quantitative easing » (QE).
At a joint press conference in Paris, UK Prime Minister David Cameron and President of France Francois Hollande announced Wednesday evening that France and the United Kingdom will implement the EITI, the global standard for transparency of government revenues from natural resources.
8 Miles LLP, the Pan-African Private Equity firm, confirms that it has made an investment of an undisclosed sum, alongside IFC (International Finance Corporation) and Morgan Stanley, in eleni LLC, a newly formed company based in Kenya and led by Dr. Eleni Gabre-Madhin.
The Government Employees Pension Fund (GEPF) of South Africa has announced the allocation of R13-billion for investment in various sectors of the economy in order to boost job-creation and contribute to renewable energy, food security and broad-based black economic empowerment.
Almost Half of U.S. Think Obama Is Untruthful About IRS Q Nasr: Iran Outsmarts U.S. in the Syrian Proxy War Q 2:58 Rom Com Prompts Chinese Rush for Seattle Homes Q Australia Economy Grows Less Than Forecast in First Quarter Q 1:17 The Weapons of the Future Allegedly Hacked by China Q Apple Partial Import Ban Stokes Patent War With Samsung Q Almost Half of U.S. Think Obama Is Untruthful About IRS Q Nasr: Iran Outsmarts U.S. in the Syrian Proxy War Q 2:58 Rom Com Prompts Chinese Rush for Seattle Homes Q Australia Economy Grows Less Than Forecast…
Sagaci Research, a market intelligence firm dedicated to African markets, released a new report on shopping centers across the African continent. This report, the result of several months of investigation and information gathering in the field, highlights an extremely active market with important differences between countries and regions.
BlackRock and Euroclear Bank today announce plans to reform Exchange Traded Fund (ETF) trade processing and settlement across Europe by issuing the first iShares ETF with an international security structure. Unlike other cross-exchange listed ETFs in Europe, which currently settle in national central securities depositories (CSDs), the new iShares ETF will be issued and settle for the first time in an International CSD (ICSDs) – Euroclear Bank.
Airtel Ghana has been recognised with two awards for its Customer Care and Mobile Broadband Services respectively. The awards, Best Customer Care and Best Mobile Broadband Service of the Year were handed to Airtel at the 3rd Ghana Telecoms Awards 2013 organised by Mobile World magazine at a ceremony in Accra, Ghana.
Nigeria plans to sell inflation-linked bonds to address the concern of investors about the impact of inflation on the domestic debet market, the Debt Management Office said. “The inflation-linked bond is part of our 2013 to 2017 strategic plan,” Abraham Nwankwo, director general of the agency known as DMO, told reporters today in the southeastern city of Enugu.
Guarantee Trust Bank Nigeria scooped the prize for African Bank of the Year at the biggest African Banker Awards ceremony to date. Michael Miebach, President, Middle East and Africa for Mastercard, the Platinum sponsor of the event presented them with the Award at the close of the ceremony of which the guests included HE Regis Immongault, Minister of Mines for Gabon and Senegalese R&B and hip hop recording artist Akon.
The African Development Bank on 28 May in Marrakech, Morocco, granted a supplementary loan of US$33.213 million to the government of Mozambique for the rehabilitation of the country’s Massinger Dam. The funds will ensure effective sustainability of the Massingir Dam by preventing its collapse in the event of a heavy downpour.
The Midwest financial community united on May 22, 2013 at the 11th AnnualHedge Funds Care Midwest “Open Your Heart to the Children” Benefit and raised over $650,000 to provide support for local charities that prevent and treat child abuse. A highlight of the Chicago social calendar, the Benefit brought together over 450 members of the financial community, including representatives from the hedge fund, proprietary trading, private equity, and venture capital communities in support of this vital charitable cause.
The African Union Heads of State and Government (AU), solemnly signed on Sunday in Addis Ababa (Ethiopia), during their 21th Summit, the declaration of the fiftieth anniversary of the OAU/AU.
Safety Currency offers solution to worldwide scarcity and global financial crisis Massive « stimulus package » provided via social media
Transnet and the NEPAD Business Foundation will launch the Africa Infrastructure Desk on Monday 3 June 2013 in Sandton, Johannesburg. Infrastructure continues to be Africa’s missing link to developing integrated regional markets.
About 1.2 billion people – almost the population of India – don’t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewables happened in China.
Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2013 (http://www.africaneconomicoutlook.org), released here Monday.
One of the key highlights of the breakfast meeting was the official launch, by President Macky Sall and the Chairperson of the AU Commission Dr Nkosazana Dlamini, of a web-based portal called VPiC, short for Virtual PIDA Information Centre.
The African Union, ONE, ACORD and ActionAid are today holding a high level panel discussion as part of the 50th Anniversary Celebration of the founding of the Organisation of African Unity (OAU). The event celebrates the contributions and potential of African farmers, especially small scale farmers, women farmers and youth farmers who are helping Africa move ahead by confronting and overcoming hunger and poverty on the continent.
Damco, one of the world’s leading freight forwarding and logistics service providers, reports a 6% increase in Quarter 1 net revenue with a total of 773 million USD, compared to 728 million USD in 2012. EBIT ended up at 9 million USD for the first quarter, compared to 13 million USD in 2012.
Femi Oyetunji, CEO of Continental Reinsurance, explain the vision and the philosophy of his company. Exclusive
