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.
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.
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.
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.
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.
IVORY COAST -- The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program.
There was a call for urgent implementation and policy strategies that would safeguard diaspora investments at the 3rd Diaspora Engagement Forum 2019 (AIR – DEF) held in The Hague, Netherlands from 2 - 3 May.
The Second Committee (Universal Service Obligation, Regulatory Affairs, and Postal Regulation) of the UPU’s Council of Administration, the body responsible for ensuring the continuity of the UPU’s work between Congresses, reviewed options for revising the present postal remuneration system.
A campaign dubbed “Nascer Livre para Brilhar" Born Free to Shine launched by Angola’s First Lady Ana Dias Lourenço in December 2018 will help reduce HIV transmission rate from mother to child from 26 percent in 2019 to 14 % by 2021, reported Angola Press
The Embassy of Tunisia in Bern, Switzerland initiated in 2017 the promotion of the country by featuring local event during the independence anniversary celebration. That year it organized a fashion show to promote Tunisian haute couture by designer Najeh Derbal dagdoug followed last year by a musical concert entitled “ Treasures” by a renowned Tunisian violinist Anis klibi, whose “works and sounds were inspired by history, Arabic and Tunisian traditional music.”
“South Africa offers opportunities for investments in many areas of the economy, and the regulatory framework has been improved to make it possible for you to invest.”
All roads led to Lausanne on April 5, 2019 where over 1,000 people, among them were entrepreneurs, startups, investors, mentors and corporate bodies, took part in the grand finale of the 6th edition of Global Seedstars Summit to select the winner of the 2019 Global prize.