President Ali Bongo Ondimba, officially opened the Stade de l’Amitié, also known as the ‘friendship stadium’ on Sunday 27th November in the presence of the Chinese Ambassador, Mrs Li Fushun. The stadium has a 320metre long metal arch structure, the largest in Africa, built to represent the friendship that has been established between Gabon and [...]
African visionary and International designer Ozwald Boateng, has collaborated, it was announced last week, with Nigerian businessman Kola Aluko, and Atlantic Energy Drilling Concepts Limited, to establish a multi-million dollar charitable organisation. The organisation, Made In Africa Foundation, is dedicated to bringing innovative ideas and capital to Africa, whilst also focusing on the first stage [...]
The CEMAC Market Opportunity (CMO) conference that took place at the Grand Connaught Rooms in London in October was led by founding chairman Elizabeth Andony-Traore, and focused on potential investment within the region. The Economic and Monetary Community of Central Africa (CEMAC) is comprised of six countries located in Central Africa; Cameroon, Central African Republic, [...]
BlackBerry App World, the application distribution service and application by Research In Motion (RIM), is now to be available to users in nine additional African nations. Customers in Cameroon, Ivory Coast, Madagascar, Malawi, Mauritius, Mozambique, Uganda, Democratic Republic of Congo and Lesotho can now access and use the range of mobile applications that BlackBerry Smartphones [...]
A new report from leading Swedish technology and services provider Ericsson suggests that mobile data traffic will grow 10-fold between 2011 and 2016, mainly driven by video use. Whilst this is expected to profoundly affect technology use worldwide, Ericsson believe it has particular implications in Africa where the telecommunications industry is widely viewed as the [...]
The world has seen impressive growth in areas like Internet use, particularly in developing countries, the UN Agency International Telecommunication Union (ITU) says. The 2011 ITU Summit, held in Geneva, from the 24 to 27 October 2011, brought together notable industry leaders and representatives from both public and private sectors at its annual meeting, and [...]
Rapid Growth Markets (RGMs) are expected to surpass advanced economies for growth by almost four fold this year, according to professional service firm Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF), released today. RGM’s are expected to grow jointly by 6.2% this year compared with 1.6% for the Eurozone. This new quarterly economic [...]
Presidential elections are due in the Democratic Republic of Congo (DRC) on 28 November, but fears are mounting that polls will not take place as planned. Last month the central African country witnessed bloody political protests and arson attacks in capital city Kinshasa, signifying a risk that the elections could propel the country into a [...]
The theft of public funds from developing African nations is an immense problem, but given the concealed nature of such practices is often very difficult to qualify. It is a problem which encompasses a number of financial arenas, including the acceptance of bribes, exploitation of tax payer’s funds, tax leakage, inflation of the value of [...]
A new joint report by the International Finance Corporation (IFC) and the World Bank was released today, measuring business regulations in 183 worldwide economies. Doing Business in a More Transparent World 2012 is a sage look at economic global developments, and revealed that a number of countries across the African continent are emerging business environments. [...]
