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tOP STORY 10 otU.S a. Tfagiknacir a u-nrtu 
SPOTLIGHT COUNTRY - nigeria 
4 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 
www.thetimesofafrica.com 
SEPTEMBER-OCTOBER 2014 
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Advisory Board 
H.E. Mr. Idriss 
Raoua OUEDRAOGO 
Ambassador of Burkina 
Faso to India 
Dr. Joseph 
Agyepong 
Executive Chairman, 
Jospong Group, Ghana 
Professor Ajay Dubey 
Director, Area Studies 
Programme on Africa School 
of International Studies, 
Jawaharlal Nehru University 
Mr. P.M. Heblikar 
Former Special Secretary, 
Govt. of India 
Dr. A.S. Yaruingam 
Head & Coordinator 
(ASC ), Department of 
African Studies, 
University of Delhi 
Dr. Jagdish C. Sobti 
Medical Advisor, Heal ‘&’ 
Bliss Medical 
Tourism Pvt. Ltd., New Delhi 
feature 
22 
The King of the Jungle 
18 
»» Truly Inspiring 
»» On the Move
UN 4 AFRICA 
WHAT’S ON RE GULARS 
TRINITY HEIGHTS EXIM PVT LTD. 
All rights reserved throughout the world 
(THE TIMES OF AFRICA). 
Owner/Publisher/Printer: 
Mr. Kirit Sobti Published from 2nd floor, 
Plot No. 7, 8 & 9, Garg Shopping Mall, 
Service Centre, Opp. Sector XI (Extn.), Rohini 
Phase-2, Delhi-110085, India. Printed at lipee 
scan pvt. ltd., 89 dsidc shed Okhla Phase 1, 
New Delhi, Editor: Kanchi Batra 
T: 91 11 4751 4751 F: 91 11 4751 4752 
LETTERS TO THE EDITOR 
Business bulletin 
6 40 
8 69 
ABC OF AFRICA 
corporate calling 
Sectoral Analysis 
In Focus : Burkina faso 
In Rende zvous With ... 
58 »» Toast Of Hard Work 
Follow us on SEPTEMBER-OCTOBER 2014 THE TIMES OF AFRICA 5 
www.thetimesofafrica.com 
SEPTEMBER-OCTOBER 2014 
Editor: 
Kanchi Batra 
Regional Editor (Africa): 
R. C. Dhingra 
Associate Editor (French): 
Divya Malhotra 
Contributing Editor (Burkina Faso): 
Albert Etsri Apemewoe 
Contributing Editor (Central Africa): 
Mengoumou Ayissi Jean Calvin 
Contributing Editor (Ghana): 
Adams Mohammed Mahama 
Feature Writers: 
Smriti Malhotra, Tanya Jain 
Correspondents: 
Kizito Sikuka (Zimbabwe), Francis K. Sackitey 
(Ghana), Aimable Twahirwa (Rwanda) 
Art Director: 
Krishna Mohan 
Graphic Designer: 
Mohit Sharma 
Photo Editor: 
V. K. Murti 
Manager-Corporate Relations: 
Surender Chauhan 
Marketing Executives: 
Surender Singh, Vishal Dhar 
Public Relations Officer: 
Varsha Pallavi 
Public Relations Officer - AV: 
Mohd. Sikandar 
Executive Assistant: 
Saloni Tayal 
MIS Executive: 
Sandeep Das 
For queries 
Call at: 
+91 81307 96166 | +91 93119 64991 
+91 85951 66625 | +91 85951 66626 
Write to us at: 
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pr@thetimesofafrica.com 
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subscription@thetimesofafrica.com 
feedback@thetimesofafrica.com 
Mr. Mamane Sani 
Sanda 
Director General, 
BAS E/DC , Niger 
Mr. C.K. Sinha 
Former Additional Secretary, 
Govt. of India 
Mr. Mamadou Diouldé 
Sow 
Director General, LAGUINTECH , 
Guinea Conakry 
Mr. Bemto Amore 
Director General, 
GTOA , Togo 
Mr. Abdoullie 
Touray 
President, WACC , 
The Gambia 
Prof. K. Mathews 
Professor of International 
Relations & African Studies 
Addis Ababa University, 
Ethiopia 
Disc laimer : All views expressed in this issue are that of the authors. The publisher may not agree with the independent views expressed in 
this magazine. All disputes are subject to the exclusive jurisdiction of competent courts and forums in Delhi/New Delhi only. 
»» Opportunity of Investment 
56 
»» Cameroon, Egypt, Ethiopia, 
Morocco, Namibia, Nigeria, 
Rwanda, Seychelles, South Africa 
32 
»» The Sparkling Stones 
42 
»» Joang Felix Molapo, Minister of 
Home Affairs, Lesotho 
Sports special 70 
»» Airtel, Huawei, Reserve Bank of 
Zimbabwe, Fidelity Bank, MT N 
Mobile, Barclays 
38 
overseas off ices 
Cameroon 
Mr. Mengoumou Ayissi Jean Calvin 
Ekoudou Bastos, Rue 66, 
Yaounde, Cameroon 
M: 237 99 98 12 25/ 79 19 36 39 
E: cameroon@ksgco.org 
Burkina Faso 
Mr. Albert Etsri Apemewoe 
Sector- 05, P.O. Box – 1251 
Ouagadougou – 05, Burkina Faso 
M: +22 671038940 
E: albertetsri@gmail.com 
Business Con ferences & 
60 Meeginst »» A Resilient Financial Services 
Sector 
»» First major triumph of the BCIRS 
countries 
»» ACDS urges deeper cooperation 
bon voyage 
66 »» A Perfect Honeymoon 
Destination: Mauritius
Write to us: THE TIMES OF AFRICA values your feedback. Our endeavour is to keep working in progress to 
make THE TIMES OF AFRICA the preferred publication of the African and Indian business community. Send 
your comments to feedback@thetimesofafrica.com 
Advertiser’s Index 
Mahindra & Mahindra IFC 
TPS Infrastructure Ltd. 9 
Technical Associates Ltd. 15 
Laxmi Publications (P) Ltd. 17 
Theeta Electricals Pvt. Ltd. 19 
First Rand Bank 21 
Power Nigeria 23 
Agritech Asia 25 
SSP Pvt. Ltd. 27 
6 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 
www.thetimesofafrica.com 
Official 
Media 
Partner 
Follow us on 
LETTERS TO THE EDITOR 
This index is provided as an additional service. The Publisher does not assume any liabilities for errors or omissions. 
We are felicitous to put in 
the picture the Embassies/ 
High Commissions who have 
appointed THE TIMES OF 
AFRICA as their Official Media 
Partner: 
botswana 
Burkina Faso 
Comoros 
guinea conakry 
malawi 
NAMIBIA 
Niger 
SOUTH SUDAN 
Zambia 
Aitec Africa 29 
Karnavati Engineering Limited 31 
Bellstone 33 
Paranthaman Exporters 37 
Mining Security & Crisis Management 
Forum 47 
Zimbabwe Mining & Infrastructure 
INDABA 2014 49 
RIMEC 2014 51 
JJ Overseas 53 
Indocorp 59 
CADD centre 61 
MILINDIA Ltd. 66 
AFSC 2014 68 
Modern Agro Engineering Works 69 
Lesdep IBC 
Zoomlion BC 
It was wonderful experience associating 
with THE TIMES OF AFRICA at Agritec Africa 
in Kenya & we look forward to more & more 
successful venture like Agritec Africa in the future. 
Sanyal S. Desai 
CEO, Radeecal Communications 
Thank you so much for flying our flag high in your beautiful and classy magazine. It 
also gives me an immense pleasure and appreciation to realize how much you value 
our Mission's inputs to your very informative magazine-“ The Times of Africa” that we all 
get to enjoy reading it. 
Boopane Masoebe 
Charge d' Affairs, Lesotho High Commission 
I thank THE TIMES OF AFRICA and appreciate the good work in covering and trying to 
make bond stronger by updating everyone with what is happening between India and 
Africa. 
Ernest Rwamucyo 
High Commissioner, High Commission of the Republic of Rwanda 
It is both encouraging and refreshing to witness the emergence of top-quality 
publications like THE TIMES OF AFRICA. As we celebrate Africa Day, we pause 
to congratulate you for answering the call for Africa and India to disseminate their own, 
positive news about development and amity. 
Jonathan Wutawunashe 
The Ambassador of Zimbabwe and Dean of the Diplomatic Corps 
I must congratulate and thank THE TIMES OF AFRICA for continuously making sure 
that the immense opportunities available in Africa are publicized in their magazine to 
boost the economy. 
Florence Imisa Weche 
High Commissioner, Kenya High Commission 
Republic of Congo 
Seychelles
TOP STORY 
The first of its kind U.S. Africa Leaders’ Summit, the biggest 
assembly of business leaders and policy makers from the 
United States and Africa is now being labelled by as a huge 
success. The three-day meeting deliberated affairs vis-à-vis 
trade, security and governance. It was in reality a way 
to push the often belittled African continent’s economic 
prospective and safeguard it a sunnier future. 
10 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 
www.thetimesofafrica.com 
Follow us on 
he three day US-Africa Summit, Aug 4-6, 2014 
commenced amid the Ebola outbreak which 
goes forward to take over the banners. President 
Obama graciously cheered leaders from across 
the African continent to Washington, D.C. to 
an event which was envisioned to fortify bonds 
between the United States and one of the world’s 
most vibrant and fastest growing regions, Africa. 
Grounded on broad discussions and 
shimmering shared goals, summit encompassed 
sessions on trade and investment, growth, peace 
and security, and governance. Other events 
augmented and educated the exchange of ideas 
among Heads of State and government, counting 
the Young African Leaders Summit, the Civil 
Society Forum, the landmark U.S.-Africa Business 
T 
Forum, and the African Growth and Opportunity 
Act (AGOA ) Ministerial. 
These events built-in a range of U.S. and African 
civil society, youth and business leaders and 
accentuating a belief of broad, bilateral support 
for U.S. engagement with Africa involvement 
by Members of the U.S. Congress. The Summit 
also encompassed a day-long Spousal Program, 
hosted by First Lady Michelle Obama and former 
First Lady Laura Bush that was absorbed on the 
impression of investments in education, health, 
and public-private partnerships. 
Speaking at a press conference to wrap up 
the three-day summit, Obama said: "Rather than 
a lot of prepared speeches, our sessions were 
genuine discussions, a chance to truly listen and
The co nfere nce 
had succeeded in 
bri ngi ng almost 
all Africa n leaders 
together under 
one roof to disc uss 
commo n interest 
with the United 
States , a cr ucia l 
mar ket for Africa n 
goods . 
Follow us on SEPTEMBER-OCTOBER 2014 THE TIMES OF AFRICA 11 
www.thetimesofafrica.com 
to try to come together around some 
pragmatic steps that we can take 
together and that’s what we have 
done this week.” 
The Secret Recipe 
The Obama government might have 
discovered the secret recipe although 
a bit late, explicitly that Africa is shifting 
in the face of all the glitches that are 
present on the ground. There is a rising 
middle class who are energetic and 
educated, Africa is home to most of 
the budding economies in the world, 
and is chucking out more and more 
refined young professionals that are 
Jacob Zuma 
President, South Africa 
U.S. President 
Barack Obama (C) 
speaks during a 
session on "Investing 
in Africa's Future" 
Delegates from African nations 
listening to opening remarks 
during the first pleanery meeting
THE KING OF THE JUNGLE 
L west, Chad and Cameroon in the east, and Niger 
18 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 
www.thetimesofafrica.com 
Follow us on 
SPOTLIGHT COUNTRY NIGERIA 
Nigeria is frequently bring up as the Giant of Africa due to its large population and economy. With 
about 174 million inhabitants, Nigeria is the most populous country in Africa and the seventh-most 
populous country in the world. The country is populated by over 500 ethnic groups, of which 
the three largest are the Hausa, Igbo and Yoruba. Regarding religion, Nigeria is roughly divided 
in half between Christians, who live mostly in the southern and central parts of the country, and 
Muslims, focussed typically in the northern and south-western regions. 
ions are the kings of the jungle because of their 
raw power and strong point. Having rich reserves 
of natural resources, and well-developed financial 
and communications sectors, Nigeria is the Giant 
of Africa due to its large population and economy. 
Perhaps this is why Nigeria can be deliberated as 
the King of Africa. Ins and outs are indefinite to 
label the bravery of this lion that impelled it to be 
the King of the Jungle. 
Nigeria is situated in West Africa and shares 
land borders with the Republic of Benin in the 
in the north. Its coast in the south lies on the Gulf 
of Guinea in the Atlantic Ocean. 
Truly Inspiring 
Nigeria is categorized as a mixed economy 
developing market, and has by now touched lower 
middle income status according to the World 
Bank, with its plentiful supply of natural resources, 
well-developed financial, legal, communications, 
transport sectors and stock exchange (the 
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The Times Of Africa - Sept-Oct 2014

  • 1.
  • 2. Conte nts tOP STORY 10 otU.S a. Tfagiknacir a u-nrtu SPOTLIGHT COUNTRY - nigeria 4 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 www.thetimesofafrica.com SEPTEMBER-OCTOBER 2014 »» Make a Difference »» Is it feasible to totally rely at the whims of foreign companies? »» The Master of Technology »» Last Three Options! Follow us on Advisory Board H.E. Mr. Idriss Raoua OUEDRAOGO Ambassador of Burkina Faso to India Dr. Joseph Agyepong Executive Chairman, Jospong Group, Ghana Professor Ajay Dubey Director, Area Studies Programme on Africa School of International Studies, Jawaharlal Nehru University Mr. P.M. Heblikar Former Special Secretary, Govt. of India Dr. A.S. Yaruingam Head & Coordinator (ASC ), Department of African Studies, University of Delhi Dr. Jagdish C. Sobti Medical Advisor, Heal ‘&’ Bliss Medical Tourism Pvt. Ltd., New Delhi feature 22 The King of the Jungle 18 »» Truly Inspiring »» On the Move
  • 3. UN 4 AFRICA WHAT’S ON RE GULARS TRINITY HEIGHTS EXIM PVT LTD. All rights reserved throughout the world (THE TIMES OF AFRICA). Owner/Publisher/Printer: Mr. Kirit Sobti Published from 2nd floor, Plot No. 7, 8 & 9, Garg Shopping Mall, Service Centre, Opp. Sector XI (Extn.), Rohini Phase-2, Delhi-110085, India. Printed at lipee scan pvt. ltd., 89 dsidc shed Okhla Phase 1, New Delhi, Editor: Kanchi Batra T: 91 11 4751 4751 F: 91 11 4751 4752 LETTERS TO THE EDITOR Business bulletin 6 40 8 69 ABC OF AFRICA corporate calling Sectoral Analysis In Focus : Burkina faso In Rende zvous With ... 58 »» Toast Of Hard Work Follow us on SEPTEMBER-OCTOBER 2014 THE TIMES OF AFRICA 5 www.thetimesofafrica.com SEPTEMBER-OCTOBER 2014 Editor: Kanchi Batra Regional Editor (Africa): R. C. Dhingra Associate Editor (French): Divya Malhotra Contributing Editor (Burkina Faso): Albert Etsri Apemewoe Contributing Editor (Central Africa): Mengoumou Ayissi Jean Calvin Contributing Editor (Ghana): Adams Mohammed Mahama Feature Writers: Smriti Malhotra, Tanya Jain Correspondents: Kizito Sikuka (Zimbabwe), Francis K. Sackitey (Ghana), Aimable Twahirwa (Rwanda) Art Director: Krishna Mohan Graphic Designer: Mohit Sharma Photo Editor: V. K. Murti Manager-Corporate Relations: Surender Chauhan Marketing Executives: Surender Singh, Vishal Dhar Public Relations Officer: Varsha Pallavi Public Relations Officer - AV: Mohd. Sikandar Executive Assistant: Saloni Tayal MIS Executive: Sandeep Das For queries Call at: +91 81307 96166 | +91 93119 64991 +91 85951 66625 | +91 85951 66626 Write to us at: editor@thetimesofafrica.com ads@thetimesofafrica.com pr@thetimesofafrica.com correspondent@thetimesofafrica.com mediapartnership@thetimesofafrica.com subscription@thetimesofafrica.com feedback@thetimesofafrica.com Mr. Mamane Sani Sanda Director General, BAS E/DC , Niger Mr. C.K. Sinha Former Additional Secretary, Govt. of India Mr. Mamadou Diouldé Sow Director General, LAGUINTECH , Guinea Conakry Mr. Bemto Amore Director General, GTOA , Togo Mr. Abdoullie Touray President, WACC , The Gambia Prof. K. Mathews Professor of International Relations & African Studies Addis Ababa University, Ethiopia Disc laimer : All views expressed in this issue are that of the authors. The publisher may not agree with the independent views expressed in this magazine. All disputes are subject to the exclusive jurisdiction of competent courts and forums in Delhi/New Delhi only. »» Opportunity of Investment 56 »» Cameroon, Egypt, Ethiopia, Morocco, Namibia, Nigeria, Rwanda, Seychelles, South Africa 32 »» The Sparkling Stones 42 »» Joang Felix Molapo, Minister of Home Affairs, Lesotho Sports special 70 »» Airtel, Huawei, Reserve Bank of Zimbabwe, Fidelity Bank, MT N Mobile, Barclays 38 overseas off ices Cameroon Mr. Mengoumou Ayissi Jean Calvin Ekoudou Bastos, Rue 66, Yaounde, Cameroon M: 237 99 98 12 25/ 79 19 36 39 E: cameroon@ksgco.org Burkina Faso Mr. Albert Etsri Apemewoe Sector- 05, P.O. Box – 1251 Ouagadougou – 05, Burkina Faso M: +22 671038940 E: albertetsri@gmail.com Business Con ferences & 60 Meeginst »» A Resilient Financial Services Sector »» First major triumph of the BCIRS countries »» ACDS urges deeper cooperation bon voyage 66 »» A Perfect Honeymoon Destination: Mauritius
  • 4. Write to us: THE TIMES OF AFRICA values your feedback. Our endeavour is to keep working in progress to make THE TIMES OF AFRICA the preferred publication of the African and Indian business community. Send your comments to feedback@thetimesofafrica.com Advertiser’s Index Mahindra & Mahindra IFC TPS Infrastructure Ltd. 9 Technical Associates Ltd. 15 Laxmi Publications (P) Ltd. 17 Theeta Electricals Pvt. Ltd. 19 First Rand Bank 21 Power Nigeria 23 Agritech Asia 25 SSP Pvt. Ltd. 27 6 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 www.thetimesofafrica.com Official Media Partner Follow us on LETTERS TO THE EDITOR This index is provided as an additional service. The Publisher does not assume any liabilities for errors or omissions. We are felicitous to put in the picture the Embassies/ High Commissions who have appointed THE TIMES OF AFRICA as their Official Media Partner: botswana Burkina Faso Comoros guinea conakry malawi NAMIBIA Niger SOUTH SUDAN Zambia Aitec Africa 29 Karnavati Engineering Limited 31 Bellstone 33 Paranthaman Exporters 37 Mining Security & Crisis Management Forum 47 Zimbabwe Mining & Infrastructure INDABA 2014 49 RIMEC 2014 51 JJ Overseas 53 Indocorp 59 CADD centre 61 MILINDIA Ltd. 66 AFSC 2014 68 Modern Agro Engineering Works 69 Lesdep IBC Zoomlion BC It was wonderful experience associating with THE TIMES OF AFRICA at Agritec Africa in Kenya & we look forward to more & more successful venture like Agritec Africa in the future. Sanyal S. Desai CEO, Radeecal Communications Thank you so much for flying our flag high in your beautiful and classy magazine. It also gives me an immense pleasure and appreciation to realize how much you value our Mission's inputs to your very informative magazine-“ The Times of Africa” that we all get to enjoy reading it. Boopane Masoebe Charge d' Affairs, Lesotho High Commission I thank THE TIMES OF AFRICA and appreciate the good work in covering and trying to make bond stronger by updating everyone with what is happening between India and Africa. Ernest Rwamucyo High Commissioner, High Commission of the Republic of Rwanda It is both encouraging and refreshing to witness the emergence of top-quality publications like THE TIMES OF AFRICA. As we celebrate Africa Day, we pause to congratulate you for answering the call for Africa and India to disseminate their own, positive news about development and amity. Jonathan Wutawunashe The Ambassador of Zimbabwe and Dean of the Diplomatic Corps I must congratulate and thank THE TIMES OF AFRICA for continuously making sure that the immense opportunities available in Africa are publicized in their magazine to boost the economy. Florence Imisa Weche High Commissioner, Kenya High Commission Republic of Congo Seychelles
  • 5. TOP STORY The first of its kind U.S. Africa Leaders’ Summit, the biggest assembly of business leaders and policy makers from the United States and Africa is now being labelled by as a huge success. The three-day meeting deliberated affairs vis-à-vis trade, security and governance. It was in reality a way to push the often belittled African continent’s economic prospective and safeguard it a sunnier future. 10 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 www.thetimesofafrica.com Follow us on he three day US-Africa Summit, Aug 4-6, 2014 commenced amid the Ebola outbreak which goes forward to take over the banners. President Obama graciously cheered leaders from across the African continent to Washington, D.C. to an event which was envisioned to fortify bonds between the United States and one of the world’s most vibrant and fastest growing regions, Africa. Grounded on broad discussions and shimmering shared goals, summit encompassed sessions on trade and investment, growth, peace and security, and governance. Other events augmented and educated the exchange of ideas among Heads of State and government, counting the Young African Leaders Summit, the Civil Society Forum, the landmark U.S.-Africa Business T Forum, and the African Growth and Opportunity Act (AGOA ) Ministerial. These events built-in a range of U.S. and African civil society, youth and business leaders and accentuating a belief of broad, bilateral support for U.S. engagement with Africa involvement by Members of the U.S. Congress. The Summit also encompassed a day-long Spousal Program, hosted by First Lady Michelle Obama and former First Lady Laura Bush that was absorbed on the impression of investments in education, health, and public-private partnerships. Speaking at a press conference to wrap up the three-day summit, Obama said: "Rather than a lot of prepared speeches, our sessions were genuine discussions, a chance to truly listen and
  • 6. The co nfere nce had succeeded in bri ngi ng almost all Africa n leaders together under one roof to disc uss commo n interest with the United States , a cr ucia l mar ket for Africa n goods . Follow us on SEPTEMBER-OCTOBER 2014 THE TIMES OF AFRICA 11 www.thetimesofafrica.com to try to come together around some pragmatic steps that we can take together and that’s what we have done this week.” The Secret Recipe The Obama government might have discovered the secret recipe although a bit late, explicitly that Africa is shifting in the face of all the glitches that are present on the ground. There is a rising middle class who are energetic and educated, Africa is home to most of the budding economies in the world, and is chucking out more and more refined young professionals that are Jacob Zuma President, South Africa U.S. President Barack Obama (C) speaks during a session on "Investing in Africa's Future" Delegates from African nations listening to opening remarks during the first pleanery meeting
  • 7. THE KING OF THE JUNGLE L west, Chad and Cameroon in the east, and Niger 18 THE TIMES OF AFRICA SEPTEMBER-OCTOBER 2014 www.thetimesofafrica.com Follow us on SPOTLIGHT COUNTRY NIGERIA Nigeria is frequently bring up as the Giant of Africa due to its large population and economy. With about 174 million inhabitants, Nigeria is the most populous country in Africa and the seventh-most populous country in the world. The country is populated by over 500 ethnic groups, of which the three largest are the Hausa, Igbo and Yoruba. Regarding religion, Nigeria is roughly divided in half between Christians, who live mostly in the southern and central parts of the country, and Muslims, focussed typically in the northern and south-western regions. ions are the kings of the jungle because of their raw power and strong point. Having rich reserves of natural resources, and well-developed financial and communications sectors, Nigeria is the Giant of Africa due to its large population and economy. Perhaps this is why Nigeria can be deliberated as the King of Africa. Ins and outs are indefinite to label the bravery of this lion that impelled it to be the King of the Jungle. Nigeria is situated in West Africa and shares land borders with the Republic of Benin in the in the north. Its coast in the south lies on the Gulf of Guinea in the Atlantic Ocean. Truly Inspiring Nigeria is categorized as a mixed economy developing market, and has by now touched lower middle income status according to the World Bank, with its plentiful supply of natural resources, well-developed financial, legal, communications, transport sectors and stock exchange (the To Get Complete Edition Just, CLICK HERE