Related Posts Plugin for WordPress, Blogger...
Videos| Trailers | First Look

NEWS BY REGION

East Africa North Africa
South Africa West Africa

MUSIC VIDEOS CHANNEL

Search In

August 2014 (15)
July 2014 (101)
June 2014 (83)
May 2014 (8)
September 2013 (1)
August 2013 (60)
July 2013 (7)
<br /></noframe>
Tagged with "business"
China strengthens Africa ties with $20 billion in loans Tags: African News China In Africa Politics Business News Investments
Chinese President Hu Jintao on Thursday offered $20 billion in loans to African countries over the next three years, boosting a relationship that has been criticized by the West and given Beijing growing access to the resource-rich continent.

The loans offered were double the amount China pledged for the previous three-year period in 2009 and is the latest in a string of aid and credit provided to Africa's many poverty-stricken nations.
 
The pledge is likely to boost China's good relations with Africa, a supplier of oil and raw materials like copper and uranium to the world's most populous country and second-largest economy.
 
But the loans could add to discomfort in the West, which criticizes China for overlooking human rights abuses in its business dealings with Africa, especially in Beijing's desire to feed its booming resource-hungry economy.
 
Hu brushed off such concerns in his speech at the Great Hall of the People, attended by leaders including South African President Jacob Zuma and Equatorial Guinea's Teodoro Obiang Nguema, a man widely condemned by rights groups as one of the world's most corrupt leaders.
 
"China wholeheartedly and sincerely supports African countries to choose their own development path, and will wholeheartedly and sincerely support them to raise their development ability," Hu said.
 
China will "continue to steadfastly stand together with the African people, and will forever be a good friend, a good partner and a good brother", he added at the summit held every three years since 2000.
 
Hu also pledged to "continue to expand aid to Africa, so that the benefits of development can be realized by the African people". He did not provide an amount.
 
Hu said the new loans would support infrastructure, agriculture, manufacturing and development of small and medium-sized businesses in Africa.
 
"CHEQUE BOOK" APPROACH
 
Critics say China supports African governments with dubious human rights records as a means to get access to resources.
 
The EU has rejected what they call China's "cheque book" approach to doing business with Africa, saying it would continue to demand good governance and the transparent use of funds from its trading partners.
 
Such criticism draws rebukes from China that the West still views Africa as though it were a colony. Many African countries say they appreciate China's no-strings approach to aid.
 
"Africa's past economic experience with Europe dictates a need to be cautious when entering into partnerships with other countries," Zuma told the forum.
 
"We are particularly pleased that in our relationship with China we are equals and that agreements entered into are for mutual gain," Zuma added.
 
"We certainly are convinced that China's intention is different to that of Europe, which to date continues to intend to influence African countries for their sole benefit."
 
China's friendship with Africa dates back to the 1950s, when Beijing backed liberation movements in the continent fighting to throw off Western colonial rule.
 
GROWING TRADE LINKS
 
Chinese state-owned firms in Africa also face criticism for using imported labor to build government-financed projects like roads and hospitals, while pumping out raw resources and processing them in China, leaving little for local economies.
 
"Certainly quite a number of us are thinking we need to move into more value addition," South African's Trade and Industry Minister Rob Davies told Reuters.
 
"We need to export mineral products in a more processed form ... We need to bite this bullet very seriously."
 
Trade has jumped in the past decade, driven by Chinese hunger for resources to power its economic boom and African demand for cheap Chinese products.
 
China's trade with Africa reached $166.3 billion in 2011, according to Chinese statistics. In the past decade, African exports to China rose to $93.2 billion from $5.6 billion.
 
Industrial and Commercial Bank of China 601398.SS, for example, the world's most valuable lender, has invested more than $7 billion in various projects across the continent.
 
Source: Reuters
Africa has made its way centre stage in today's global economy Tags: Business African News Technology
The region's collective economy of more than 50 individual countries barely grew during the last two decades of the 20th Century - but in the late 1990s, the continent began to stir. Gross domestic product (GDP) growth picked up and then bounded ahead, rising faster and faster through 2008.
 
A May 2012 International Monetary Fund regional economic outlook report for sub-Saharan Africa refers to "solid trend growth" in the region, noting that regional output rose by 5% in 2011, with a further increase expected by 2012.
 
The telecom, banking, retail, construction and oil and gas industries are now booming, bringing about a dramatic surge in foreign investment into the region.
 
Africa received its largest-ever share of global foreign direct investment (FDI) in 2011, according to the 2012 attractiveness survey on Africa conducted by Ernst & Young.
 
According to the survey, FDI projects in Africa grew 27% from 2010 to 2011, and have grown at a compound rate of nearly 20% since 2007.
 
Robust telecommunications
Key to Africa's future economic growth in all sectors will be increasingly the quantity and quality of the continent's infrastructure.
 
We estimate that today African governments and private sources combined are investing about $72bn (£46bn) a year in new infrastructure across the continent, out of which telecom-related infrastructure accounts for $21bn (£13bn).
 
A recent study entitled Connected World highlights the growing influence of developing markets in the global economy, and shows how critical a robust telecommunications infrastructure is for any country that wants to compete internationally or attract foreign direct investment.
 
The study revealed that a reliable communications infrastructure is a prerequisite for businesses considering a move into a new emerging market. Four in 10 business leaders globally stated that a lack of a secure communications backbone would prevent them from entering a new market.
 
The Ernst & Young survey notes for example that the Kenyan communications sector benefited from FDI, while FDI opportunities exist in communications for Nigeria.
 
These trends underpin the high level of interest in building broadband capacity in the region.
 
There has been rapid build-up of fibre-optic submarine cables over a short space of time in Africa - such as Seacom in 2009 - connecting South Africa, Mozambique, Tanzania and Kenya to international routes to Europe and Asia.
 
The Eastern Africa Submarine cable system (Eassy) was completed in 2010, and the West Africa cable system (Wacs) launched May 2012.
 
April 2012 also saw the launch of a major private sector initiative to build a new Brics cable to link Brazil, Russia, India, China and South Africa to the US.
 
New age
Each new cable helps to bring more African communities into the age of high-speed internet, making e-commerce, cloud, real-time video and IP-based voice a reliable reality and allowing African companies to conduct business more competitively on the global stage.
 
There is an increasing need for both international and intra-Africa connectivity via submarine cables and cross-border fibre routes, linking businesses in South Africa, Kenya and Nigeria, for example.
 
The cables enable the high-speed communications infrastructure that is essential for various economic initiatives, lower telecommunications costs between connection points, and offer more secure communications from point to point that would be impossible with third-party cables.
 
To illustrate, they play an increasingly critical role in Africa's oil and gas industry, enabling companies in Angola and Nigeria, for example, to bring high-speed Internet to oil rigs and adopt more innovative and connected ways of working.
 
There is no doubt about the growth potential for broadband in Africa - this is the area to watch given the fact that African governments and private sector are already working to develop the necessary infrastructure to extend connectivity beyond coastal urban centres.
 
Wireless technology also has a breakthrough role to play in extending broadband coverage to rural areas, boosting service provider revenues while increasing global competitiveness as more people subscribe to broadband at home and at the office while adding another subscription for mobile services.
 
 
Source: Viewpoint by Claude Sassoulas
Managing director, Europe and Africa, Tata Communications
Employs African women with HIV/AIDS as artisans, hand-crocheted necklaces and bracelets Tags: African Women business African News Rawanda News Zambia News necklaces and bracelets hand-crocheted
African women living with HIV AIDS as artisans

Actresses Maria Bello, Sela Ward, Frances Fisher and Linda Hart did helped to host a shopping event to benefit Same Sky jewelry at the Saks Fifth Avenue store in Beverly Hills on March 22, 2012.

The Same Sky organization employs African women living with HIV/AIDS as artisans. More than 75 artisans in Rawanda and Zambia are employed by Same Sky and make hand-crocheted necklaces and bracelets. The artisans earn roughly 15 times the amount an average working women earns in sub-Saharan Africa, according to a news release.

VIDEO: Employs African women with HIV/AIDS as artisans

Saks will showcase Same Sky's latest spring colors in items including a resort collection of fabric wrap bracelets ($30-$40), prosperity seed bead bracelets ($60-$95), signature hand-blown glass beaded bracelets and necklaces ($160-$400), new Hope necklaces ($395) and hand-crocheted Unity bracelets ($145). All net proceeds from the jewelry sales go to employing more artisans and expanding the organization into other areas.
 
 
For more information or to RSVP, call (310) 887-5336 or visit Samesky.com.
 
Source: Lartink@beeafrican
latimesblogs
TNJ Africa 2012 Under Forty Achievement Awards Tags: African News TNJ Africa 2012 Events TNJ Africa Business
THE SEARCH IS ON. We are searching for the most dynamic business and professional leaders under the age of 40. We're looking for candidates who share a commitment to business growth and professional excellence and to the community.

The 15th Annual 40 Under Forty Achievement Awards will honor this new generation of men and women who are making headlines in their fields. Winners will be featured in the special issue of The Network Journal, June 2012. Anyone who is 39 years or younger before June 23rd is eligible.
 
ELIGIBILITY
The individual must be a young Black man or woman under the age of 40 who exudes professionalism and is committed to providing leadership to his or her discipline and community.
Candidates may be self-nominated or may be nominated by other individuals.
Selected candidates must participate in the Awards Ceremony, to be held on Thursday June 28, 2012, at the Crowne Plaza Time Square Hotel in New York City.
 
SELECTION PROCESS
Awards are determined each year by TNJ’s Awards Review Board.
 
The initial selection involves a review of each candidate’s nomination package.
 
Selected candidates are contacted by TNJ. Additional reference letters and supporting material may be requested if needed. Final selection is made through a review of reference letters and all  other accompanying documentation, with a final recommendation by TNJ’s Review Board.
 
 
About TNJ
Like his/her U.S. counterpart, a “TNJ Africa 40 Under Forty” honoree typically is a business owner, or a management executive with significant decision-making authority in the corporate, nonprofit (including academia and medicine), or government sector. A committee of judges reviews each year’s candidates through their application form and supporting material. The judges make their final selection based on the nominees’ career/entrepreneurial accomplishments, level of professional expertise and community and/or charitable involvement. 
 
Each honoree receives a specially designed crystal award at the “40 Under Forty Achievement Awards” fun-filled gala celebrating the new recipients. This celebration is usually held at prestigious hotel in Africa and is attended by several hundred business leaders, colleagues and well wishers. All of the year’s awardees are featured in a special issue of The Network Journal magazine, which is distributed in the United States of America and throughout Africa
 

Source: tnj

Africa’s hopeful economies: The continent’s impressive growth looks likely to continue Tags: African News Business African economic
The Economist once described Africa as the “hopeless continent” less than ten years ago. They now claim they regret that description and have now changed their tune. As with most notable publications these days they seem to be bending over backwards to show a “different” side of Africa. The caveats and doubts still remain but woe betides any credible publication that dredges out the old stereotypical Africa. Like the elephants on that continent the people have just as long a memory.

In their latest “what’s going on in Africa” article the publication describes a continent on the move with a rising population that could spur economic growth further. They note that democracy is now entrenched in many parts of the continent and that the continent is trading heavily with other emerging economies like Brazil, China and India and has become less dependent on foreign aid. Technology advances and it’s use, less reliance on natural resources and the return of skilled African diasporeans are all given as reasons for this positive step change.
 
Anyone who reads MyWeku will know we’ve been relentlessley covering these positive changes on our continent for months, in part to counter balance the stereotypical negative coverage Africa is often subjected to. It is, therefore, interesting to see the likes of the Economist discarding their “Africa is hopeless” mantra for a more accurate (both good and bad) assessment of the continent’s fortunes.
 
Here is an excerpt of their latest “Africa is now great” article:
From Ghana in the west to Mozambique in the south, Africa’s economies are consistently growing faster than those of almost any other region of the world. At least a dozen have expanded by more than 6% a year for six or more years. Ethiopia will grow by 7.5% this year, without a drop of oil to export. Once a byword for famine, it is now the world’s tenth-largest producer of livestock. Nor is its wealth monopolised by a well-connected clique. Embezzlement is still common but income distribution has improved in the past decade.
Severe income disparities persist through much of the continent; but a genuine middle class is emerging. According to Standard Bank, which operates throughout Africa, 60m African households have annual incomes greater than $3,000 at market exchange rates. By 2015, that number is expected to reach 100m—almost the same as in India now. These households belong to what might be called the consumer class. In total, 300m Africans earn more than $700 a year. That’s not much, and many of those people could be pushed back into penury by a small change in circumstance. But it can cover a phone and even some school fees. “They are not all middle class by Western standards, but nonetheless represent a vast market,” says Edward George, an economist at Ecobank, another African banking group.
 
 
For the more “visual” ones amongst us, check out their GDP map below: It is also worth noting that 7 of the fastest growing economies in the world are shown below, including Ghana predicted to be the fastest growing economy in the world by 2012!
 
Source: Myweku
RSS
 
 

comments powered by Disqus

Woman First Time Seeing The Ocean Was Amazed And Speechless Sierra Leone's Women Behind Bars
Added by TheAfricans
Posted on July 28th 14
0 Comments
Comments
"WHY ALL OF THIS ARE HAPPENING IN AFRICA.IS THIS A CASE OF END..."
In: African woman Naked Her Self For RICHES (PHOTOS, Cameroon)
by: dcopoku
  • SEARCH  NEWS. PEOPLE. VIDEO. MUSIC











































































  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Loading
Papa Mandela: Updates & News Tim' Daughters Graduated Ghana's Gyan Set Record 
  • LATEST AFRICAN NEWS  SEND NEWS











































































  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  • AFRICANS IN PICTURE  PHOTO. VIDEO











































































  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
 
 

This website is powered by Spruz

Web Apps