ECOWAS Ministers Agree Implementation Action Plan on Proposed Lagos-Ibadan Highway

ECOWAS Ministers of Works/Road Infrastructure, Transport, Finance and Justice from Benin, Cote d’Ivoire, Ghana, Nigeria and Togo, ended their one-day meeting of Monday, 22nd April 2013 in Abuja with an agreement on an implementation plan for the construction of a proposed highway linking Abidjan to Lagos.

A supra-national agency to be set up will manage the project implementation phase to ensure uniformity in approach and standards for the road whose development will be regionally coordinated.

The ministers, whose meeting was in response to a recent directive by the Heads of State of the five ….. Continue Reading

Alcatel-Lucent to help ensure continuity of broadband services in Africa by signing maintenance services for West Africa Cable System

Alcatel-Lucent and the West Africa Cable System (WACS) consortium have signed a contract for the maintenance of more than 9,000km of the WACS system linking South Africa to Portugal. In commercial service since May 2012, WACS interconnects 13 African countries, unleashing a new wave of broadband capacity on the continent and enhancing international connectivity.

Under the new agreement WACS will join the Atlantic Private Maintenance Agreement (APMA), allowing the consortium to access Alcatel-Lucent’s maintenance vessels, as well as experienced, fully trained, and certified specialist personnel for cable repairs.

In delivering high-speed bandwidth of more ….. Continue Reading

Ethiopia’s improved business environment is benefitting entrepreneurs

Ethiopia has experienced impressive economic growth in the past few years and, according to the IMF, is estimated to be one of the top 10 fastest growing economies in the world over the next five years.

Malik Fal is the managing director of Omidyar Network Africa.

According to a recent report entitled Accelerating Entrepreneurship in Africa by the Omidyar Network, the country has seen regulatory and institutional reforms such as improved business registration requirements, which have helped strengthen investor confidence in the market.

The report surveyed 582 entrepreneurs in six sub-Saharan African countries: Nigeria, Ghana,Ethiopia, Kenya, Tanzania ….. Continue Reading

East African hotel trends: More business people, conferences and Chinese tourists

Africa’s economic growth presents many opportunities for hotel operators. However, the hospitality sector remains tough and success is by no means guaranteed. One person with significant experience in the industry is Rosemary Mugambi, sales and marketing director of Serena Hotels. The group operates 24 safari lodges, tented camps and city hotels situated in Kenya, Tanzania, Rwanda, Uganda and Mozambique. How we made it in Africa spoke to Rosemary Mugambi about the trends she is currently seeing in the industry.

Over the past few years, much has been said about Africa’s stellar economic growth. Is Africa’s rise reflecting ….. Continue Reading

Construction – the boom lives on

South Africa plans to invest $95bn in infrastructure projects between 2012 and 2015 in order to reinvigorate the economy and create more employment, as the construction sector is famously labour intensive. Despite the generally positive economic trend in Africa, the picture in the continent’s biggest economy, South Africa, is much more mixed. Yet while there is intense pressure on the South African government to cut costs, Pretoria has promised to maintain its planned infrastructure programme. ….. Continue Reading

The clash of two tigers: Understanding Sino-Indian competition in Africa

The rapid economic growth experienced by China and India has resulted in an increase in competition for global resources and investment opportunities.(2) Unsurprisingly, the abundance of natural resources in Africa has made the continent a hotspot for Chinese and Indian economic activity. This growing Sino-Indian involvement has been economically beneficial and has resulted in widespread investment and development, with African leaders welcoming the competition. This was reinforced when Katureebee Tayebwa, a member of the Ugandan High Commission in New Delhi, declared that, “We [Africa] are happy that there is intense competition between India and China to gain African ….. Continue Reading