Africa In The News

Tunisia's election - The Islamist conundrum, The Economist, 22 October 2011. Read More...

South Africa plays "engine role" in regional trade - IMF, The Zimbabwe Telegraph, 21 October 2011. Read More...

Growing African middle class is ‘gold mine', Business Day, 21 October 2011. Read More...

Gaddafi is Africa's latest "Big Man" to fall, Reuters, 21 October 2011. Read More...

Trading on Africa, Mail & Guardian, 21 October 2011. Read More...

 

Upcoming Events

November 2011

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THE FIRST INTERNATIONAL CONFERENCE ON AFRICAN & ARABIAN GEOPARKS
El Jadida, Morocco
21 - 28 November
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CONFERENCE ON HIGHER EDUCATION IN SOUTH AFRICA
Fort Hare, South Africa
22 - 24 November
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INDIA-AFRICA FORUM 2011
Mumbai, India
24 November
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MANUFACTURING SHOW AFRICA
Johannesburg, South Africa
28 November - 1 December
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HELINA 2011 CONFERENCE
Yaoundé, Cameroon
28 - 30 November
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3rd ANNUAL STRUCTURED TRADE & EXPORT FINANCE IN AFRICA CONFERENCE
Johannesburg, South Africa
29 - 30 November
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Brand Africa FOCUS
26 October 2011



Business in Sub-Saharan Africa ‘Improving’

A new Doing Business report, released by the World Bank earlier this month, has both positive and negative takeaways for sub-Saharan Africa. While the report - which declared Singapore to be the most business-friendly nation out of the 183 surveyed – was upbeat about Africa’s improvement it did declare the African region to be the costliest and most complex environment for entrepreneurs.

The World Bank report did, however, find that 36 out of 46 sub-Saharan African countries had improved their business environment in the past year through to June 2011; significantly the highest number in terms of improvement since the study’s inception nine years ago.

“We were very excited about Africa’s improvement,” one of the authors of the report, Mikiko Imai Ollison, was reported as saying by Taiwan News. “Obviously, Africa has a lot to catch up on. It’s the region with the weakest legal institutions as well as the least efficient procedures.”
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The Time for Africa Is Now - Moyo

The time for ‘band-aid’ solutions to Africa’s problems are over, was the message driven home by internationally-renowned economist Dr Dambiso Moyo during a direct and passionate address during the recent Brand Africa FORUM 2011 in Sandton. We need to fix structural problems and get to the root of the problem. We need to be innovative and start now to deal with Africa as a brand, she said.

The author of the New York Times bestseller, Dead Aid, and How the West Was Lost, pulled no punches in her assessment of the continent and the current world economic order. “I have bad news and worse news,” she declared.

The bad news is that American and European markets are in dire-straights and this will, ultimately, have a knock-on effect on the global economy. Moyo explained that there are three things that drive economies: Capital (money), labour (workforce) and productivity (how efficiently economies use their money and labour force). At this juncture, Western economies are in a precarious position.
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“Of the six fastest-growing economies in sub-Saharan Africa - Tanzania, Rwanda, Uganda, Nigeria, Ethiopia and Mozambique - three are members of our East African Community.”
- EAC Secretary General, Ambassador Dr Richard Sezibera

Features

Top Honours – Again – For UCT’s Business School

It was another red-letter day for the UCT Graduate School of Business earlier this month when the business school was rated as being on the top of its game among its African peers at the Eduniversal 4th World Convention of the Best Business Schools. The event was held in Shanghai, China.
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Brazil Cashes In On Angolan Ties

Brazilian President Dilma Rousseff disclosed in Parliament earlier this month that, in 2010, Angola was the third-biggest African market for Brazilian products and the fourth-largest African exporter to Brazil. She also said the number of Brazilian companies in Angola was proof of the mutually-beneficial ties between the two countries.
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