Month: January 2024

The Catalytic Role of Big Data Analytics in Shaping Islamic Finance Underscored

Mr Mohammed

Story: Mohammed A. Abu A webinar held by the General Council for Islamic Banks & Financial Institutions(CIBAFI) concluded with a forward-looking perspective on the future of big data and its transformative potential in the Islamic financial industry, underscoring its role as a catalyst for growth and transformation, an official statement said in Manama, Bahrain, Tuesday. CIBAFI’s Secretary General, Dr. Abdelilah Belatik, in his inaugural address, it said, underscored the critical significance of big data in Islamic finance emphasizing that, it goes beyond mere technological advancement and it is a strategic imperative as…

Ghana wants to make importing food like rice and tomatoes more costly: expert explains why it’s a bad idea

Mr Mohammed

Published: January 22, 2024 4.19pm SAST Sylvanus Kwaku Afesorgbor Associate Professor, Agri-Food Trade and Policy, University of Guelph Ghana, like many other developing nations, relies heavily on imports of food and consumer goods to feed its population. For instance, Ghana imports 55% of the rice that is consumed locally. The country’s import dependence is primarily a consequence of the production of low-value primary products without substantial value addition. To forestall over-dependence on foreign goods, the government has proposed a trade restrictive policy via a legislative instrument on 22 major items. It has justified the policy on…

Africa-Caribbean Trade and Business to get a booster

Mr Mohammed

London, Great Britain, January 20, 2024, WMG has announced the organization of a virtual AFRICA – CARIBBEAN ACHIEVERS’ SUMMIT from 04 to 05 March, 2024 between 01 PM to 06 PM BST, on theme: Corporate Africa, the 6th Region, AfCFTA and Beyond to promote trade and Business between Africa and the Caribbean. The Summit will be an unprecedented 2-day event that will parade some of Africa and Caribbean’s most powerhouse entrepreneurs, start-ups and business owners. They will share and discuss some of the key strategies, processes, innovative ideas, skill sets…

Global Black Impact Summit (GBIS) 2024: Enabling Black-Owned Businesses to Go Global

Mr Mohammed

DUBAI, United Arab Emirates, January 19, 2024/ — Black-owned businesses have emerged as integral players in the global economy, able to foster economic empowerment and contribute to enhanced diversity and inclusion in the workplace. In the United States, the number of Black-owned businesses increased by nearly 14% pre-pandemic and accounted for a larger share of increases in revenues, employees and payrolls than other racial groups. Marked by rising Black entrepreneurship rates and growing demand for minority-owned businesses, there is a unique opportunity for Black-owned brands to play an even more…

President Ramkalawan meets with relatives of the three fishermen lost at sea

Mr Mohammed

President Wavel Ramkalawan, accompanied by the Vice-President, Mr Ahmed Afif, this afternoon met with family members of the three fishermen from the Takamaka district who have been declared lost at sea since 16th November 2023. This included relatives of Mr. David Suzette, Mr, Hansley Denis and Mr Steve Burka. Also present for the meeting was the Member for National Assembly for Takamaka,  Hon. Terrence Mondon, Major Hans Radegonde from the Seychelles Coast Guard, the Assistant Commissioner of Police, ACP Antoine Denousse, the District Administrator, Ms Cynthia Hariba, Mr Dominique Savy from…

Burundi: African Development Bank helps train managers on programme-budget implementation in public administration

Mr Mohammed

ABIDJAN, Ivory Coast, January 18, 2024/ — The African Development Bank (www.AfDB.org) has supported the capacity building of about 50 managers from Burundi’s public administration to consolidate implementation of the programme budget currently under deployment. The training sessions, which ran from 22 November to 23 December 2023, covered the preparation of work plans and the annual budget, quarterly progress reports, and annual performance reports in addition to developing a results-oriented public investment programme. Training also covered the identification of public-private partnership projects, pre-assessments and contract negotiations. Course participants welcomed the great…

The African Development Bank plans to invest USD 10.5 million in the capital of Seedstars Africa Ventures to boost investment in innovative businesses

Mr Mohammed

ABIDJAN, Ivory Coast, January 18, 2024/ — The Board of Directors of the African Development Bank (AfDB) (www.AfDB.org) agreed on Wednesday that the Bank should take a stake of USD 10.50 million in the capital of Seedstars Africa Ventures S.L.P. venture capital fund to enable it to invest in innovative African businesses with strong growth potential. The Bank agreed to invest USD 7 million from its ordinary resources and USD 3.5 million from the European Union Boost Africa programme. The investment will allow Seedstars Africa Ventures (SAV) to raise funds,…

New Year Address from Rugby Africa President, Herbert Mensah

Mr Mohammed

CAPE TOWN, South Africa, January 11, 2024/ — Herbert Mensah, President of Rugby Africa (www.RugbyAfrique.com), the continental governing body of rugby across Africa, issues end of year message reflecting on 2023: Amidst our joyful farewell to 2023, I am thrilled to share my reflections as the President of Rugby Africa, the continental governing body of rugby in Africa. Together, our collective accomplishments have not only defined this year but have also laid a foundation for the promising future of Rugby Africa. Milestones and Achievements As we reflect on the remarkable…

Can South Africa Win Its Case Against Israel?

Mr Mohammed

South Africa’s application to the International Court of Justice (ICJ) seeking to have the court declare Israel’s military assault on Gaza a genocide will be heard starting on Thursday in The Hague. Israel has called the allegations “baseless” and accused South Africa of “cooperating with a terrorist organization.” States including Turkey and Jordan have backed the case. Malaysia publicly offered South Africa its support. Malaysia’s Foreign Ministry described the proceedings as a “timely and tangible step towards legal accountability for Israel’s atrocities.” Israel finds it is having to defend itself against arguments based on a convention that was drawn up in…

Economic uncertainty is impacting Africa’s real estate market attractiveness

Mr Mohammed

Tilda Mwai (first Published 3 weeks ago) The real estate sector in Africa, often touted for its potential and growth opportunities, has been grappling with a myriad of challenges, notably macroeconomic and political uncertainty, along with the repercussions of global tensions. These factors have converged to create a landscape where the attractiveness of real estate markets is increasingly influenced by core macroeconomic… The real estate sector in Africa, often touted for its potential and growth opportunities, has been grappling with a myriad of challenges, notably macroeconomic and political uncertainty, along…