Since entering office in 2017, President João Lourenço has focused on cleaning up corruption and implementing aggressive reforms to transform the oil and gas sector and the economy. Angola’s economy is set for recovery in 2019, in large part due to a series of regulatory reforms opening the country to new investment.
The bridge and one-stop-border-post facilities between Zambia and Botswana will enhance regional trade, integration and spur global competitiveness putting an end to traders, travelers, fishermen and women crossing the Zambezi river on floating planks, ferries, rickshaw boats, and canoes.
With nearly 90 percent of global population growth occurring in Asian or African cities, the goal of improving the quality of life for the people of Africa will only be achieved by mainstreaming resilience and effective financing mechanisms into the continent’s urban development agenda.
In a release published December 24, 2018, the African Export-Import Bank (Afreximbank) announced that it provided $15 million to Securiport Sénégal SUARL, subsidiary of Securiport group, the world leader in the design and realisation of biometric identification technology, in Senegal. This fund is to help the group elaborate a system for the security of the civil aviation and for immigration management at Juba airport in South Sudan.
Frankfurt-based GreenTec Capital Partners invested in Afrilife, a Tanzanian company that produces honey and organic apiculture products.
Within the last seven days, the market capitalization of Diamond Bank on the Nigerian stock exchange gained the equivalent of 20%, representing about NGN4.4 billion ($12.11 million). This performance is due to the announcement of a principle agreement that could lead to a merger with Access Bank, another large bank in Nigeria.
Where must I go if I feel unwell or have an accident in Switzerland or must pay for it? What should I do in an emergency? What types of insurance do I need? How can I protect myself from illness? Where can I find health information in my own language?
SWITZERLAND – “Size alone does not determine the strength of an organization,” DG Vitorino explained in his welcoming remarks to the Council. “It is the commitment and skills of its staff that has enabled IOM to respond to complex emergencies, to provide advice to governments on diverse issues, and to thereby help to foster greater space for common ground.”
LONDON: For the first time since publishing the list, there is an equal amount of men and women featuring in this year’s one hundred. Although this year’s listing is dominated by entries from Nigeria and Kenya, outstanding personalities from several other African countries are also featured.
The Swiss-African Business Circle has added another feather to its cap with the birth of the maiden edition of its annual publication the Swiss-African Business Relations Status quo 2018.
UNITED ARAB EMIRATES – Canon Central and North Africa (CCNA) recently held its annual Partner Conference in Mauritius, during it highlighted its commitment to the region and announced that the company recorded over 20 percent solid growth year-on-year for the past three years.
LONDON – It is found that the charges to send money home by some migrant workers are too high according to a report by UNESCO, the U.N. body for education, suggesting that lowering the fees could result in $1 billion more that could be spent on education in developing countries.
Dame Graça Machel, one of Africa’s foremost advocates for the rights of women and children, has called on African women and policy makers to challenge gender inequality and inadequate female representation in the continent’s business and economic, political and policy space.
President Mohamed Ould Abdel Aziz (photo), of Mauritania has announced that he would not run for 2019 presidential election as the country’s constitution allows two terms. However, he indicated that he would run for the office when his country’s law would authorize him to.
The African Development Bank has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country, according to a press release from the bank.
It is estimated that about $8.6 million will be needed by the compendium of female expertise in Côte d’Ivoire (Compendium des compétences féminines de Côte d’Ivoire-COCOFCI) to meet the set-goals for the second phase of its action plan.
China Tiesiju Civil Engineering group Co. (CTE), Ltd, which specializes in infrastructures, confirmed that it will build in Togo a motorway and an agricultural industrial park.
Algerian public oil company Sonatrach and Chinese conglomerate Citic signed an agreement for the construction of a phosphate extraction and processing complex in Tébessa (630 km East of Alger), requiring a $6 billion investment, the official news agency APS revealed.
France will return twenty-six works of art pertaining to Beninese cultural heritage, a statement from the presidency announced recently.
Nigeria raised $2.86 billion Eurobonds to fund the fiscal deficit. The fund was raised in three tranches: a $1.18 billion operation with seven years maturity date and 7.625% interest rate. Another one of $1 billion with twelve years maturity date and 8.75% interest. The last one is $750 million with 30 years maturity and 9.25% interest rate.
Africa is believed to have out-performed the world since the turn of the millennium suggesting the notion that it is rising, and is the world’s next economic frontier. “But for who?” asks Senyo Hosi in his speech delivered at the 3rd edition of African Development & Investment Convention (ADIC) held in Zurich on 25 - 26 October 2018 titled: Africa Rising Lacing Politics, Industry and True Partnership in policy for Development.
UAE – The International Telecommunication Union’s (ITU’s) 20th Plenipotentiary Conference opened on 29 October 2018 with a global call to the world to “act as one” to connect the world’s nearly four billion people who remain unconnected to the Internet.
The Global Compact for Migration, which is expected to be adopted in December, is the first ever attempt to develop an internationally shared vision of what safe, orderly and regular migration might look like, and how it could be achieved. The Australian government has recently signalled the possibility that it may withdraw from the process – which would make it the third UN member state after the US and Hungary to do so. There is a risk that others may follow, jeopardizing a fragile, hard-won consensus at its most critical stage.
SOUTH AFRICA – The world’s largest air pollution hotspot is Mpumalanga, South Africa revealed a ground breaking analysis of satellite data from 1 June to 31 August this year