Angola’s fiscal performance has been in-line with the 2016 Budget
The Ministry of Finance of the Republic of Angola (“Angola”) (Ba3 / B / B+), is pleased to publish an update on its budgetary performance and certain other key performance indicators. Highlights (as of 30th June 2016): • Total Fiscal Expenditure: The 2016 Budget had forecasted $30bn; this is now estimated to be $24bn by […]
Angola announces hydrokinetic power program with Privinvest
The Ministry of Energy and Water of the Republic of Angola (http://www.MINEA.gv.ao) has signed a memorandum of understanding (“MOU”) with Privinvest (http://www.Privinvest.com), the Middle East headquartered industrial group, to introduce hydrokinetic power generation over the next decade. As a result of the presidential order of June 3rd 2016, the MOU was signed within the context […]
Is Angola Broke?
Angola’s President José Eduardo dos Santos has confessed that his country is broke. The leader attributed the situation to failure of the national oil company Sonangol to remit cash to the government. Angola is the second-largest producer of crude oil in Africa and is regularly cited as one of the continent’s fastest growing economies. The […]
Strong GDP growth in Africa has masked disappointing productivity: Productivity growth falls to 1.7%
The report notes that from 2000 to 2015, the average GDP growth across the continent was 4.8% per annum, a full 2.3 percentage points faster than the global average during the 1990s. This is only marginally slower than the ASEAN region, which grew by an average 5.6% per annum and around 0.2 percentage points faster […]
Mozambican Air Companies Banned From European Airspace
The European Commission has announced that all Mozambican air companies remain on its blacklist of airlines that are not allowed to operate in the air space of the European Union. According to a press release issued in Brussels on Thursday, the EU Commission stated that 214 airlines from 19 countries are banned from operating in […]
Big Brother Africa May Not Be Coming Back
By now you possibly have noticed that for a second year running, hugely popular pan-African show, Big Brother Africa (BBA), is not happening in 2016. According to a statement from Mnet, the show is still under evaluation and thus not part of the upcoming programming schedule. “At the moment, the team is busy re-evaluating the […]
Professor Frank Stangenberg-Haverkamp receives the “African Alliances HE for SHE” Award for Women Empowerment to recognize “Merck More than a Mother Campaign”
During the 11th African Congress for Women Entrepreneurs, Professor Frank Stangenberg-Haverkamp, Chairman of Executive Board and Family Board of E. Merck KGaA received the “African Alliances He for She Award” for Women Empowerment. This was in recognition of Merck’s efforts to empower women in the field of research and healthcare through the Merck Capacity Advancement […]
Ecobank Group Appoints Amin Manekia as Group Exec, Corporate & Investment Banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, today announced the appointment of Mr Amin Manekia as Group Executive of its Corporate & Investment Banking business. Mr Manekia steps into the position vacated in late 2015 by Mr Charles Kié, who moved to become Managing Director of Ecobank Nigeria. A national of Pakistan, Amin […]
GE and Miller Center for Social Entrepreneurship Partner with Social Entrepreneurs to Improve Maternal and Child Health Outcomes in Africa
GE and Santa Clara University’s Miller Center for Social Entrepreneurship have announced a partnership that focuses on training and mentoring social entrepreneurs working on maternal and child health innovations in sub-Saharan Africa. The program enables more women to experience better health by improving the quality, accessibility, and affordability of care. The healthymagination Mother & Child […]
SAP: Africa Code Week 2016 – S’attaquer à la fracture numérique sur le continent Africain
SAP s’engage à former cette année plus de 150 000 jeunes dans 30 pays africains pour favoriser l’alphabétisation numérique et ainsi offrir aux jeunes générations du continent des compétences numériques pour améliorer leur employabilité. Africa Code Week 2016 se déroulera du 15 au 23 octobre 2016, avec des milliers d’ateliers de programmation gratuits et des […]
