Nov 16 Africa's richest man Aliko Dangote and three other directors resigned from the board of Dangote Flour Mills on Monday as majority owner Tiger Brands cut funding support to its struggling Nigerian division.
An SME Financing Fair is scheduled to be held on the 16 and 17 of March this year to help address access to financial challenges facing Small and Medium Enterprises (SMEs).
President John Dramani Mahama is expected to open the fair and exhibition which would also feature various fora with the aim of bringing representatives of the various stakeholders to discuss crucial issues on SME financing spaces.
Africa, the continent home to the world’s fastest growing middle class, has become the latest target for Ukraine’s farmers amid shifting export markets.
“The African continent is one of the most promising according to indicators of development, so Ukraine is working on expanding exports of agricultural products to this region,” Agriculture Minister Oleksiy Pavlenko said on Jan. 25.
By Kebour Ghenna [Executive Director of PACCI]
The 26th African Union (AU) Heads of State Summit, which this year takes place from 23rd to 31st January, 2016 will meet under the theme of Human Rights with special focus on women. The selection of this theme is due in no small part to the influence of Nkosazana Dlamini-Zuma, the first woman chairperson of the AU Commission, who is a champion about gender issues.
While Africa-friendly China’s economic growth languishes at 25-year lows, Standard Bank joint CEO Sim Tshabalala has deviated from popular economic opinion which cautions of a devastating knock-on effect of the slowdown on African economies, arguing instead that the Asian powerhouse’s transition from an investment-led to a consumption-based growth model could rather spell good news for the continent in the longer term. While acceding that short-term prospects painted a bleak picture, with the value of Africa–China trade down by as much as 25% year-on-year in 2015, he reminded delegates at the Frontier Advisory Deloitte Africa Outlook forum, in Johannesburg, that this followed 15 years in which trade between the parties had grown by over 2 000%, from around $5-billion in 2000 to about $220-billion in 2014. Print Send to Friend 2 0 “This trade explosion has changed both Africa and China profoundly. Many Chinese firms are now deeply invested in Africa, and increasingly look to this continent for growth opportunities that are getting harder to find at home. “In 2014, for instance, Chinese sales to Africa increased by 14% – twice as fast as the overall growth rate of Chinese exports. Africa also presents attractive opportunities for the Chinese construction and manufacturing firms that are most vulnerable to China’s rebalancing. After all, a lot of Africa now looks like China did when it began its take-off: lots of potential, but far too little infrastructure,” he commented during a keynote address on Wednesday.
KEY POLICY MARKERS on Local Content Policies for African Oil and Gas Sectors by Peter Lunenborg
What are local content policies and what is their impact?