Africa In The News

The speech SA's "economic freedom" marchers should have heard, Mineweb, 28 October 2011. Read More...

Dotting the lines, Mail & Guardian, 28 October 2011. Read More...

South African Opposition Picks New Voice, Wall Street Journal, 28 October 2011. Read More...

World Bank approves $250 mln for S.Africa's Eskom, Reuters, 28 October 2011. Read More...

Offshore comes nearer to home for JSE, Mail & Guardian, 28 October 2011. Read More...

Kusile power station 'to cost R60bn a year', Times Live, 28 October 2011. Read More...

Aussies to advise Africa on food security, Sapa-AFP, 28 October 2011. Read More...

TransUnion buys African credit firm, Business Day, 28 October 2011. Read More...

 

Upcoming Events

December 2011

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16th ICASA
Addis Ababa, Ethiopia
4 - 8 December
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6th AFRICAN POPULATION CONFERENCE
Ougadougou, Burkina Faso
5 - 9 December
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AFRICAN CORPORATE GOVERNANCE CONFERENCE
Kempton Park, South Africa
6 - 8 December
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CORPORATE FINANCE, RISK & CAPITAL MANAGEMENT CONFERENCE 2011
Johannesburg, South Africa
6 - 9 December
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Brand Africa FOCUS
2 November 2011



Nigeria Backs African Infrastructure Fund

Nigerian President Goodluck Jonathan has welcomed the creation of an African Infrastructure Fund, to help the continent overcome poor infrastructure which is hampering economic growth.

Speaking at a Commonwealth Business Leaders forum in Australia, Jonathan said: “Africa needs to build its infrastructure and such a fund will definitely help in this regard. Transport infrastructure is particularly important. It is currently cheaper to bring goods from Europe than to transport the same goods from one African country to another. A fresh source of funding and partnerships that will build trade-related infrastructure in Africa is essential for quickening the process of sustainable development in Africa.”
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Time Is Ripe For ‘Green Economy’

With the global COP 17 conference on climate change taking place in Durban, South Africa towards the end of November 2011, talk around Africa is turning to the green economy and the possibilities and opportunities for the continent.

During a recent meeting of African finance ministers in Addis Ababa, Ethiopian Prime Minister Meles Zenawi called for discussions and actions around sustainable development to be increased. “The debate on a new development state is welcome and long overdue for Africa,” Meles told 600 delegates who included around 60 African ministers. At the same gathering, United Nations Under-Secretary General Abdoulie Janneh stressed that building green economies in Africa was vital.

The ‘green economy’ theme is being well interrogated in discussions around the continent. In October, the Gordon Institute of Business Science hosted a South African National Biodiversity Institute (SANBI) conference on the role of biodiversity in the green economy and, within days of the GIBS event, Nedbank Chief Economist Dennis Dykes addressed a media seminar on the issue of sustainability in business.
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“In 2010 there were more smartphones users in Africa than there were in Western Europe.”
- Brett StClair, Head of Mobile in South Africa for Google

Features

New SA Film Festival In 2012

Fans of South Africa’s blooming film industry will be pleased to know that, from next year, a new opportunity to showcase the country’s celluloid masterpieces will come on stream. The Golden Rhino Film Festival will debut in London from 2 to 5 February 2012 and will travel to Washington DC and Los Angeles in the US later in the year.
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Tech Challenges Still Face Africa

In September, the Brand Africa FORUM 2011 heard during an insightful BRICS panel how India is planning to roll out broadband to rural villages to uplift the poor. Many African nations can learn from this approach and those of other emerging markets in respect to technology use. But, despite the challenges, Ghanaian entrepreneur Herman Chinery-Hesse told the recent Tech4Africa conference: “The technology wave and innovation wave of Africa is here and it is now.”
Read More...