Africa In The News
World Bank Warns on Africa Trade, Wall Street Journal, 9 February 2012.
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African Farming Needs Business Approach, Nigeria’s Adesina Says, Bloomberg, 9 February 2012.
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Die Antwoord steal The (Late) Show, The Star, 8 February 2012.
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SAA’s African web grows, Weekend Argus, 8 February 2012.
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Young African Invents Touch Screen Medical Tablet, Forbes, 9 February 2012.
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Upcoming Events
March 2012
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MINEAFRICA
Toronto, Canada
4 - 7 March
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HEALTHCARE IN AFRICA
Cape Town, South Africa
6 - 7 March
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SALA WEALTH SUMMIT 2012
Johannesburg, South Africa
7 - 8 March
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6TH ANNUAL AFRICA TRADE & EXPORT FINANCE CONFERENCE
Cape Town, South Africa
8 March
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RETAIL WORLD AFRICA 2012
Johannesburg, South Africa
12 - 15 March
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CARDS & PAYMENTS AFRICA
Johannesburg, South Africa
13 - 15 March
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MOBILE MONEY WORLD AFRICA 2012
Johannesburg, South AFrica
13 - 14 March
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DIGITAL ID WORLD AFRICA 2012
Johannesburg, South Africa
13 - 14 March
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Brand Africa FOCUS
15 February 2012
Chaka Chaka shines
South African businesswoman, singer and humanitarian Yvonne Chaka Chaka has been roundly acclaimed after making history at the World Economic Forum gathering in Davos by becoming the first African women to scoop the WEF’s Crystal Award.
Chaka Chaka, who is also a UNICEF and Roll Back Malaria Ambassador and the founder of the Princess of Africa Foundation, received the award in Switzerland in late January. The award is bestowed annually to artists who have made a positive impact on the world. Chaka Chaka was acclaimed for her work promoting health issues impacting on women and children, with particular reference to her work to control and prevent malaria.
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Growth, jobs a global priority - WEF
Creating jobs and closing the inequality gap are the priorities facing the world economy in 2012, according leaders at the 42nd World Economic Forum (WEF) Annual Meeting in Davos.
“Jobs should be our number one priority,” said Vikram Pandit, CEO of Citi, in a session on the global agenda for 2012. “Ultimately it is about growth. Nothing creates jobs better than growth.”
While the sentiment expressed by Unilever CEO, Paul Polman - that “it is unacceptable that 200 million people cannot enter the workplace” – was keenly felt at the meeting, it was amid a bleak economic outlook for Europe, concerns over Chinese growth and the ongoing impact of the global recession. The importance of the recent global economic woes on the business, political and social landscape was evident in the theme of the annual meeting, namely: The Great Transformation: Shaping New Models.
As South Africa’s Finance Minister, Pravin Gordhan, told delegates at a Business Day-Gordon Institute of Business Science (GIBS) Economic Outlook conference in Johannesburg: “The crisis goes beyond the traditional way we look at GDP figures. This crisis is saying that even the economics profession is in crisis. That forecasting isn’t always right and that we need to look broader than just the field of economics.”
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“It is clear that Africa is not reaching its potential for regional trade. African leaders must back aspiration with action and … align the policies, institutions and investments needed to unblock (trade) barriers.”
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Obiageli Ezekwesili, World Bank Vice-President for Africa
Features
Rail, roads boost for SA
Infrastructure, in the form of roads and rail, received a shot in the arm from South Africa’s President Jacob Zuma in his State of the Nation address last week. As a lure to mining investment, state-owned Transnet will be tasked with spending R300 billion over the next seven years to expand exports lines for the export of minerals and commodities.
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Internet growth in Africa
At the end of 2011 Africa had 139 million internet users, according to data from Internet World States. Considering that in 2000 penetration across the continent was just 4,5 million that’s something worth celebrating. With fibre-optic cables finally touching down around Africa, and increasing government focus and awareness of the link between internet access and GDP growth, it seems telecommunications is likely to remain a hot topic in 2012.
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