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.
ALGERIA -- The Pan African University Institute for Water and Energy Sciences including Climate Change (PAUWES) in Tlemcen, Algeria provides higher education and applied research in the fields of water, energy and climate change – an important contribution to sustainable development in Africa.
It is no gainsaying that the growth of Africa’s economy has been hampered by poor and inadequate infrastructure. This is notable in poor and unreliable energy, transportation and communication systems, and health among others.
The finalists for the Royal Academy of Engineering’s 2019 Africa Prize for Engineering Innovation have been announced. They were chosen for the innovative ways engineering was used to solve every day problems, and come from Kenya, Nigeria, South Africa and Uganda.
As announced earlier by Business in Cameroon, President Paul Biya issued a presidential order May 29, amending and supplementing certain provisions of the 2019 Finance Act.
SOUTH AFRICA -- Six months ago, founder and chairman of the Bahle Zondo Foundation, philanthropist and entrepreneur Dr. Bahle Zondo walked into the AGCO Africa (www.AGCOcorp.com) office announcing that he would like to set up a successful agribusiness in his community of Msinga. He was quick to add, that he knew nothing about farming.
National Treasury has welcomed and noted the key risks identified and proposed policy recommendations by the International Monetary Fund (IMF) during a recent visit to the country last month.
Government has called on young people to enter an international contest on social anti-corruption advertising by designing a poster or developing a video to raise awareness on corruption.
COMOROS -- The AU Technical Customs Working Group on Pre-Shipment Inspections deliberated on the termination of contracts with inspection companies at a meeting held in Comoros Island on 31 May 2019.
SOUTH AFRICA -- President João Lourenço reform is yielding dividends, evident in the growth in Angolan oil and gas sector and the opportunities awaiting businesses in all sectors for those who are keen to increase their exports into new markets.
For years the Office of the Prosecutor was seen as the problematic organ harming the reputation of the International Criminal Court (ICC). Now the ICC judges have triggered multiple controversies on their morality, integrity or independence. The latest incident involved a French judge.
After its highly successful 5th edition of Seedstars Forum last month, and the launch of $100 million breathtaking pan-African venture fund in partnership with First Growth Ventures on April 17, Seedstars was selected at WorldBlu 13th annual award event that took place in Geneva on May 14, 2019 to receive Worldblu Freedom-Centered Cultures’s certificate.
NIGERIA -- MTN Nigeria has paid the whole $1.6 billion fine it received in 2015 for not deactivating 5.1 million unregistered SIM cards. The operator has indeed paid the NGN55 billion, which is the sixth and last tranche of these payments started in 2016.
The Central Bank of Kenya (CBK) will introduce new banknotes, Patrick Njoroge (photo), the governor, announced last weekend.
LIBYA -- The national unity government (GNA) has threatened to suspend the activities of 40 European firms among them Total and Siemens operating in the country.
Government’s political will is to ensure the tough enforcement of the implementation of the National Minimum Wage (NMW).
Former Congolese President Joseph Kabila wanted his successor, Felix Tshisekedi, to appoint Albert Yuma, a Kabila ally and chairman of state mining company Gecamines, as prime minister, but Tshisekedi refused, sources familiar with the matter said.
LIBERIA - The President, His Excellency Dr. George Manneh Weah, has signed into law two major legal instruments, the Kamara Abdullah Kamara (KAK) Act of Press Freedom and the Act to name certain Roads and Bridges within the Republic of Liberia.
The eCommerce Africa Conference and Exhibition, delivered by DHL, is hosted by South African conferencing company, Kinetic
SOUTH AFRICA – DHL Express (www.DHL.com) in Sub-Saharan Africa (SSA) has announced that the company has once again signed on as lead sponsor for the 2019 DHL eCommerce Africa Conference and Exhibition, which will be held at the Cape Town International Convention Center on the 19thand 20thof March 2019.
The Director General of the Swiss Agency for Development and Cooperation (SDC) Manuel Sager presented Water Management at the agency's annual press conference held recently as the agency's priority for 2019 and its main focus on international cooperation for 2021–2024.