Category: ECONOMY

Positive Foreign Spillover Effects Needed in Africa’s SEZs Operations:EDITORIAL COMMENT

Mr Mohammed

Africa’s decades long trailing behind  the rest of the world in terms of industrialization is a thorny issue that has attracted comments from various development economists and experts. In order to scale up industrialization efforts, they contend, Africa needs a well crafted and strategic 21st Century  industrial policy. Increased investments in logistics, transportation and infrastructure which are  non-negotiable they contend, must underpin the industrial policies of the various African countries. On Special Economic Zones(SEZs) even though they admit  can contribute to Africa’s economic development, but they are  quick to caution,…

Unveiling SEZs role in Africa’s Industrialization

Mr Mohammed

USD2.6 billion Invested,60 million Jobs Created …. As AU-AEZO Symposium ends in Abuja Story: Mohammed Abu The 5th African Union Commission(AUC)Symposium on Special Economic Zones(SEZs) and the 7th Annual Meeting of Africa Economic Zones Organization(AEZO) ended recently in the Nigerian capital of Abuja with an expression of interest by President Bukhari to collaborate with SEZs in Africa to benefit from the AfCfTA. The Nigerian President also commended the AFZO for bringing Free Zone Operators in Africa together through the event which was held under the theme, “African Special Economic Zones:…

Gearing up for U.S.-Africa Leaders Summit

Mr Mohammed

MAU Leads the charge in getting bid for Minnesota ………As Consular Corp briefing due in Chicago on Monday By: Mohammed Abu Minnesota Africans United will host a briefing for Chicago-based Consul Generals and Honorary Consuls on Monday, December 12th at the University Club in Chicago. This will be an open meeting, with formal invitations to the Consular Corp and to other key leaders, according to an official MAU announcement. Minnesota Africans United (MAU), the civil society organization representing Diaspora communities from the entire continent, has been crucial to the success…

Mano River Union launches scheme to build inclusive business ecosystems

Mr Mohammed

  OPINION PIECE By Charleine MBUYI LUSAMBA & Hoda Tarek) Sierra Leone’s Minister of Gender and Children’s Affairs, Manty Tarawalli, commended the African Development Bank for what she said was a “well-thought” initiative to support women’s economic empowerment ABIDJAN, Ivory Coast, December 7, 2022/ — By Charleine MBUYI LUSAMBA, Task Manager & Hoda Tarek, Gender and Development Expert On 21 October 2022, the African Development Bank and the Mano River Union Secretariat hosted an event to launch the Project to Build Inclusive Business Ecosystems for Stabilization and Transformation in the Mano River…

Africa Finance Corporation (AFC) Expands Asian Capital Market Footprint with US$160 Million Kimchi Loan Facility Led by Mizuho and Shinhan Bank

Mr Mohammed

The successful closure of the 3-year Kimchi loan facility is a positive indication of Korea’s and more broadly Asia’s growing interest in infrastructure investment opportunities in Africa LAGOS, Nigeria, December 7, 2022/ — Africa Finance Corporation (https://www.AfricaFC.org/), the leading infrastructure solutions provider in Africa, is expanding its footprint in Asian capital markets, today announcing the successful closure of a US$160 million Kimchi Term Loan Facility with Mizuho Bank, Ltd. and Shinhan Bank as Bookrunners and Mandate Lead Arrangers (BMLAs). This facility follows the successful execution of the Corporation’s inaugural US$140…

Brastorne Connects the Unconnected in Africa

Mr Mohammed

  Brastorne has implemented disruptive solutions to dissolve the barriers to digital inclusion in Africa GABORONE, Botswana, December 6, 2022/ — The Challenge More and more aspects of modern life have moved online. Access to information, economic opportunities, and how we interact with our social circles are all reliant on access to the internet. Access to this near-limitless online world leads to empowerment for those with ready access. However, digital inclusion is not universal and a growing digital divide is excluding entire segments of our society from the potentially limitless benefits.…

Greening the Desert through Organic Farming

Mr Mohammed

Upholding the legacy of UAE’s Founder, Emirates Bio Farm Leads the Charge By: Mohammed Abu The good memoirs of late UAE’s Founder, H.R.H. Sheikh Zayed Al Nahayan, shall forever be cherished. Aside the historic Economic Diversification Plan that also ensured escapade from the resource curse, his passion and initiative for greening the country’s desert, protection and conservation of biodiversity in its ecosystem also deserves spectacular mention. To this end, the establishment of the Emirates Bio Farm(EBF), the largest organic farm in the UAE in 2016, built on the company’s founding…

Addressing Africa’s Infrastructure Funding gaps

Mr Mohammed

Nigeria Returns to the Market with N100 billion Sukuk Offer By: Mohammed Abu Abdul Aziz Adewuyi Abdul Rahman of the Universiti Utra of Malaysia,in his abstract of his paper titled,” Sub-Sahara’s Infrastructure Funding Gap: Potentials from Sukuk Financing” notes that,Sub-Sahara African (SSA) region as a large part of the African continent suffers huge infrastructure deficit mainly as a result of the vast funding gap. The negative impact of the infrastructure deficiency continues to constrain socioeconomic development and the general well-being of the people of the region. Heavy reliance on the…

Breaking Africa’s Industrialization Jinx

Mr Mohammed

Beefing up Private Sector/ending raw materials exports, get focus!!! ……As African Union Extraordinary Summit ends in Niamey NIAMEY, Niger, December 1, 2022/ — African leaders reviewed the continent’s progress in industrialization, economic diversification, and the African Continental Free Trade Area (AfCFTA) in the context of global shocks, debt vulnerabilities, climate change, and security concerns. Twenty heads of state and government as well as their representatives attended the African Union Extraordinary Summit on Industrialization, Economic Diversification, and the AfCFTA in Niamey. “Not so long ago, the juxtaposition of the words industrialization…

From Africa to the World: Landmark Event Presents Circular Economy Solutions for Green Growth, Climate and Biodiversity

Mr Mohammed

The WCEF2022 will challenge many shortcomings and destructive consequences of the predominant wasteful linear economy and introduce the concepts and opportunities of the circular economy KIGALI, Rwanda, November 29, 2022/ — The 6th World Circular Economy Forum WCEF2022 (www.WCEF2022.com) will take place 6–8 December in Kigali, Rwanda. This year’s forum will focus on how the circular economy can reduce greenhouse gas emissions, support climate change adaptation, safeguard biodiversity and bring benefits to our societies. One of the world’s leading circular economy events, originating in Finland, WCEF2022 will bring together business leaders,…