Africa should embrace economic giants-outlook 2011

06.June.2011 · Posted in business, SMEs forum by Afdb-Emrc

AFRICA SHOULD EMBRACE NEW ECONOMIC GIANTS AND BOOST SOCIAL INCLUSION,
SAYS AFRICAN ECONOMIC OUTLOOK 2011

Lisbon, 6 June 2011 – African countries should develop closer cross-border ties in dealing with traditional and emerging partners so they can boost sustainable and inclusive growth, according to the African Economic Outlook 2011, launched today. (more…)

Women are key for Africa’s SMEs

05.June.2011 · Posted in business

Women are key in ensuring long-term growth of Africa’s Small and Medium Enterprises (SME).

26 May 2011, Brussels, Belgium

“Women in Africa represent 52% of the total population, contribute approximately 75% of the agricultural work, and are responsible for 60-80% of the food production. Yet, they earn only 10% of African incomes and own just 1 per cent of the continent’s assets”, explains Nomsa Daniels, speaker at this year’s AfDB-EMRC SME Forum and Executive Director of New Faces New Voices, an African organization of women in business and finance whose mission is to accelerate the economic empowerment of African women. (more…)

148 African Movies compete in Tarifa Film Festival

05.June.2011 · Posted in culture

148 African Movies compete and participate at Tarifa Film Festival in Spain

June 1st, Tarifa, Spain – 8th African Film Festival of Tarifa presents between 11th and 19th of June 148 movies from 23 African countries, which compete for 8 awards endowed with 46 500 euros. One of the biggest European festival of African cinema welcomes this year over 200 African filmmakers including legendary African directors Abderrahmane Sissako and Moustapha Alassane and focuses among others on African Diaspore in Latin America, the role of cinema in recent revolutions in Tunis and Egypt or restrospective of Congolese cinematography. (more…)

S.Africa's Patel now gatekeeper for foreign investment

05.June.2011 · Posted in business

By Marius Bosch

JOHANNESBURG, May 31 – The South African government’s backing of trade unions opposed to Wal-Mart’s $2.4 billion bid for retailer Massmart signals that future foreign investment will have to fit in with labour’s interests.
While conditions imposed on the deal by competition authorities are not onerous, they are the first clear signs of Economic Development Minister Ebrahmim Patel exerting influence over foreign direct investment in Africa’s biggest economy. (more…)