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Volume 2 issue 7

Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.

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MONDAY | FEBRUARY 16, 2015 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 02 • NO. 07 • Page 12 • Price `10
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pg 04
pg 07
Continued to page 03
A Melodramatic
End of
Afcon 2015
Ivorians: The Proud Winners
The Geological
Miracle:
Guinea
Conakry
Mumbai:
The City
That Never
Sleeps!!
Mining
Firms Could
Help Turn
On Lights
Cross Africa
The Beautiful
Face of Africa
Fashion Week
London
pg 02
Invest
in the
Energy
Continent
Wassupafrica02
The 4th edition of the New
York Forum AFRICA (NYFA),
the world’s leading pan-African
business summit, will now take
place on August 29-31 2015 in
Libreville, Gabon under the High
Patronage of His Excellency Ali
Bongo Ondimba, President of the
Gabonese Republic.
The dates have been changed
to coincide with the 14th AGOA
Forum, the first time this Forum
has ever been held in Central
Africa. Gabon was chosen as
the host nation for the AGOA
Forum, which is a US government
initiative to expand trade with
Sub-Saharan Africa. The NYFA will
serve to highlight business and
economic opportunities across
the whole continent alongside the
AGOA discussions about US-Africa
trade. The Gabonese government
decided to combine the two
Mining companies can play a
key role in harnessing Africa’s
abundant clean sources of energy
to overcome the lack of electricity
which affects at least one in three
Africans, according to World Bank’s
report.
The report, entitled ‘Power
of the Mine: A Transformative
Opportunity for Sub-Saharan
Africa’ was released at the Mining
Indaba underway in Cape Town,
South Africa.
The bank called on the mining
industry to work more closely with
electricity utilities in the region
to meet their growing energy
demands.
Ratherthansupplyingtheirown
energy on site, mines can become
major and reliable customers for
electricity utilities or independent
power producers (IPPs) which
can then grow and develop better
infrastructure to bring low-cost
power to communities.
Two-thirds of people in the
region live entirely without
electricity and those with a power
connection, suffer constant
disruptions in supply. Without new
investment and with current rates
of population growth, there will be
more Africans without power by
2030 than there are now.
The report finds that mining s
demand for power in Sub-Saharan
Africa will likely triple between
2000and2020toreachover23,000
MW. This could be higher than non-
mining demand for power in some
countries.
Yet, many mining companies
are still opting to supply their own
electricity with diesel generators
rather than buy power from the
grid often because of shortcomings
global events to capitalise on the
presence and reach of thousands
of economic and business leaders
who will be together in Libreville
for days of discussion and debate.
President Bongo said: “We
were delighted to be chosen
as the host nation for the 14th
AGOA Forum; running the two
events together was the natural
conclusion. While the falling oil
price comes at a time of increasing
investment into infrastructure
projects, it is vital we maintain
the economic diversification
programmes we have put in
place to reduce our dependence
on oil revenues. Increasing trade
with the West and continuing to
attract investment through high-
visibility gatherings such as the
AGOA Forum and the NYFA are
essential.”
More than 1,500 business
Ethiopia receives support for mobile
money
Banks and micro-finance firms, located
in Ethiopia, are set to launch mobile
money services within the country.
According to Netherlands-based
Company BelCash, the move is intended
to assist individuals – who have little or
access to banking services – to gain the
ability to access these services.
BelCash is offering a technology
called helloCash, while MOSS ICT,
mainly owned by an Ireland-based firm,
is rolling out M-Birr the nation. In both
cases, Ethiopian banks and institutions
will offer the service to customers and
hold the cash deposited, in line with
government policy that bars foreign
firms or banks from investing in the
financial sector or the telecoms industry.
In a statement made to Reuters,
“One of the things that the government
wants to do is ensure there is financial
inclusion,” said MOSS ICT deputy
general manager Kidist Negeye, adding
M-Birr would help reach rural areas.
“Another aspect is the mobilisation of
domestic savings. The government
wants to increase the number of
deposits.”
According to BelCash chief
executive, Vince Diop: “BelCash’s
helloCash service could have 2-3 million
users this year and 10 million by 2017 or
2018.” In the statement, Diop added that
BelCash would receive a fee for each
transaction made. Two of Ethiopia’s 16
private banks, Lion International Bank
and Cooperative Bank of Oromia, as well
as a micro-finance firm, have signed up
for helloCash. Two more banks have
yet to submit applications to the central
bank, Diop revealed.
ITNews Africa
President of Gabonese Republic, H.E. Ali Bongo Ondimba

Mining Firms Could Help Turn On Lights
Cross Africa -World Bank
New Dates for New York Forum Africa 2015:
“Invest in the Energy Continent”
in national power systems in the
region. According to the report,
another 10 gigawatts of electricity
will be added to meet mining
power demand by 2020 from
2012 levels and a part of this is
projected to come from self-supply
arrangements costing mining
companies up to $3.3 billion.
Butnewmodelsofpowersupply
for mines are emerging across Sub-
Saharan Africa including mines self-
supplying and selling to the grid or
serving as anchor consumers for
IPPs. The report estimates around
$6 billion in potential public-
private partnership opportunities
for new power generation from
clean energy sources (including
natural gas and hydropower) in
Guinea, Mauritania, Tanzania and
Mozambique countries with strong
expected growth in power demand
from the mining sector.
Lack of energy stunts the
economic growth that s needed to
reducepovertyandboostprosperity
for all Africans. Integrating mining
demand into national and regional
powersystemsespeciallyinmineral
rich and energy-poor countries
can bring enormous benefits to
countries and communities.
By choosing grid-based and
cleaner power sourcing options,
which are typically priced lower
than self-supplied electricity from
diesel or heavy fuel oil, mining
companies will be able to meet
their electricity needs while also
helping to light up the community,
said Anita George, Senior Director
of the World Bank’s Energy and
Extractives Global Practice.
In turn, countries will benefit
from improved competitiveness of
the mining companies, greater tax
revenues from mines and more job
opportunities for local people.
The report states that though
there are risks associated with
power-mining integration for
example from falling commodity
prices or a shortage of transmission
links regulatory and financial
solutions can help mitigate these
risks. A key element is for countries
across Sub-Saharan Africa to
continue with their power sector
reforms and create an attractive
operating environment for IPPs,
including renewable energy
developers.
Ghanaian Chronicle
and political leaders are expected
to attend this year’s NYFA. The
theme of the Forum is Invest
in the Energy Continent; it will
focus on the new dynamism in the
continent, from entrepreneurs and
inward investment, as well as the
growing energy sector. Key topics
include: economic dynamism;
energy sector opportunities;
entrepreneurship and enterprise;
job creation and economic
diversification; education and
innovation. The New York Forum
AFRICA is the only pan-African
business summit to be held in
Africa in 2015. AGOA (African
Growth and Opportunity Act)
was signed into law by President
Clintontoexpandanddeepentrade
and investment relations between
Sub-Saharan Africa and the United
States, and to encourage economic
growth and development.
Richard Attias, Founder of the
New York Forum, said: “Holding
the two events together is a
terrific opportunity: this will really
increase the scope of discussions
at the NYFA, giving us access to an
unprecedented level of US public
sector officials and CEOs, while
delivering the quality of content
for which the NYFA has become
known in its three editions to
date.”
African Herald Express
MONDAY | FEBRUARY 16, 2015
Wassupafrica 03
FROM PAGE 01
A new coffee policy that seeks to
increase coffee production and
strengthen extension services
in coffee farming is in the offing.
Gerardine Mukeshimana, the
Minister for Agriculture, said the
policy would replace the coffee
policy of 1998, paving way for new
strategies that will help streamline
Rwanda’s coffee industry. It
is, however, awaiting Cabinet
approval.
“Coffee is an important cash
crop and a source of income, which
makes it essential to have clear
and strong policies, regulations
and strategies if we are to improve
the livelihoods of over 400,000
farmers who depend on coffee
farming,” she said.
Mukeshimana was speaking
during the Rwanda coffee
conference organised by the
National Agriculture Export Board
(Naeb) and the International
Growth Centre (IGC) in Kigali.
She noted that, often, the
role of policies and regulations is
overlooked, which creates shaky
systems. She added that without
strong and industry-supportive
policies, there can never be
confidence among stakeholders, a
situation that affects growth of the
sector.
“It’s important to know that
right policies create a fair ground
for all sector players to compete,”
the minister emphasised.
George William Kayonga, the
Naeb Chief Executive Officer,
said the new policy will guide the
various activities in the coffee
sector, and ensure quality along
the value chain.
He said there is a need to
The 2015 Africa Cup of Nations
came to a melodramatic end on 8th
Feb when Ivory Coast wrapped an
electrifying 9-8 victory over Ghana
on penalties. The win fetched to
an end a 22-year dearth for Ivory
Coast, and covered a tournament
that was enthused at the last
minute and almost outshined by
ferocity. This triumph on penalties
gave the Ivorians their second
title, in a repeat of the 1992 final.
The game was followed by
blissful merriments on the streets
the country's biggest city, Abidjan.
President Alassane Ouattara
announced the paid holiday on
public radio and television after
the game.
And as the country's golden
generation finally got their hands
on the AFCON trophy, hundreds
of thousands of people lined
the streets near the commercial
capital of Abidjan to welcome their
stars home with the trophy.
Ghana winger Christian Atsu
was declared the best player of
the Africa Cup of Nations after an
inspiring showing in Equatorial
Guinea. The former Porto player
was influential for the Black Stars
on the flanks although his exploits
could not earn the four-time
African champions the trophy.
The Chelsea-owned player
who performed in all six games
for the Black Stars also won the
Nissan Goal of the Tournament
after a spectacular strike against
Guinea in the quarter-final. Ivory
Coast goalkeeper Boubacar Barry
notched the decisive spot-kick to
seal the victory against Ghana.
Captain Yaya Toure, who
won the Premier League with
Manchester City last season,
labelled winning the cup as
"unbelievable". "When you win
with your club, it's quite amazing,"
he said. "With your country, it's
unbelievable."
Yaya Toure and the rest of
the Ivory Coast football team
were greeted home with a heroes
welcome after their Africa Cup of
Nations triumph. Les Elephants
won the coveted trophy for
the first time in 22 years with
the penalty shoot-out victory
over Ghana in Malabo, in which
goalkeeper Boubacar Barry netted
the winning spot kick.
improve extension services and
put in place effective mechanisms
to boost research, as well as
develop technologies that can help
increase coffee production,” he
said.
According to Dr Celestin
Gatarayiha, the head of the coffee
chain division at NAEB, the policy
is in line with the international
coffee agreement which was
ratified in 2012.
Rwanda’s coffee strategy
expired in 2012, he added.
“Thenewpolicyalsoprovidesa
framework on how to improve and
respond to demand for coffee on
the international market through
more enhanced processing and
marketing strategies by the
private sector.”
It also seeks to empower
coffee washing stations to increase
production in their zones of
operations but also ensuring that
these stations are fully operational
and profitable, he added.
The policy also seeks to put
in place strong regulations and
conducive working environment
that will help intensify farmers
field schools, knowledge and
IFC set to grow Mobile Money usage in Uganda
InfiNet Wireless, a broadband
connectivity company, has
revealed their success in
improving connectivity across
the Nigerian region. According
to the company, TruNorth, one
of InfiNet’s resellers, has been
working within the region in line
with InfiNet’s overall strategy to
expand its presence in Africa and
bring wireless connectivity to all
corners of the continent.
According to the company,
the Nigerian region has been
identified as having low internet
speeds and poor connectivity.
The company also revealed
that telecom providers are not
providing sufficient internet
speeds that meet the demands of
the growing market.
Kamal Mokrani, Global Vice
President of InfiNet Wireless,
stated that: “Nigeria is a key
InfiNet Wireless set to improve
internet connectivity
developing market for us and
we are working with TruNorth,
an experienced telecom service
provider in the region, to
provide reliable and state of the
art networks for high capacity
connectivity.”
“TruNorth believe that Nigeria
offers the largest telecom market
in Africa and shows consistent
growth year after year. The market
demand in Nigeria outweighs
both the service offerings and
the availability of infrastructure
needed to meet these demands
which make it a key focus for
Wireless providers such as InifNet
Wireless. InfiNet provides high
capacity solutions and very fast
deliveries, which is exactly what
is required in Nigeria today.”
concluded Abdallah Fawaz,
Managing Director of TruNorth.
IT News Africa
technical knowhow.
There are currently 229
coffee washing stations across the
country and the number could be
increased once the new policy is
implemented.
According to Gatarayiha,
the new policy will promote the
domestic consumption of coffee
throughestablishing locally
developed roasting capacities.
Dr Rocco Mac Chiavello, an
economic expert and consultant
based in Italy, said undercapacity
utilisation, market failures,
especially in sourcing and access
to finance, still remain major
challenges in the coffee industry.
“There is need for a policy
not only to regulate, but also help
deal with market stability through
more strengthened relationship
between farmers and coffee
washing stations,” Chiavello
added.
Jean Jacques Mmbonigaba,
the director general Rwanda
Agriculture Board (RAB), said the
policy will be key to improve and
expand the fully-washed coffee
market.
New Times
After the victory, Ouattara said:
"It's wonderful. We had a fantastic
team and a coach without equal
... The Ivorian people are proud."
After a goalless 120 minutes it
came down to which side could
hold their nerve best - and the
Ivorians came out on top.
Goalkeeper Barry was the hero
as he protected twice from twelve
yards before netting the decisive
spot-kick himself. Ivory Coast are
now level with DR Congo with two
titles, but have some way to go to
catch up with seven-time winners
Egypt.
Thecompetitionwasorganized
by Equatorial Guinea in just two
months after Morocco pulled out
over fears of the spread of Ebola.
Morocco was then banned from
the 2017 and 2019 tournaments.
Its football federation was fined
$1m (£650,000) and ordered
to pay $9.1m in damages to the
Confederation of African Football
(Caf).
mONDAY | FEBRUARY 16, 2015
CountryoftheWeek04
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Y
ou might be wondering why
we are calling this country
as the ‘Geological Miracle’ of
the African Continent. No doubt,
after holding a big share of world’s
Bauxite reserves, Guinea Conakry
is carrying all the strong magnets
to attract foreign investors into
the country. The country offers
fruitful business opportunities
with ample of benefits.
Guinea Conakry wraps an
area of almost 246000 square
kilometers and has population
of approx 11 million people.
The country shares its northern
border with Guinea Bissau,
Senegal and Mali, southern border
with Sierra Leone, Liberia and the
eastern border with Cote d’Ivore
Coast. Guinea Conakry has a huge
administration network.
Guinea Conakry is a member
of big International Organizations
like United Nations (UN), African
Union (AU), Organization of
the Islamic Conference (OIC),
Economic community of West
African States (ECOWAS) and
African Development Bank
(AFDB).
The Rewarding Sectors
Mining
Guinea is a vastly mineral rich
country whose varied potential
includes known world-class
bauxite which is the major source
of foreign currency and iron
ore reserves as well as gold and
diamonds. Guinea is the second
largest producer of bauxite
worldwide, having produced
Guinea Conakry
The Geological Miracle
around 17 million tons in 2011.
It also has less known nickel,
limestone, uranium, manganese,
graphite and other deposits,
most of which are still largely
underexploited. In addition,
Guinea possesses at least two
unexpected world-class iron ore
deposits, Mounts Nimba and
Simandou in the southeast of the
country. The gold potential of the
country is estimated at over 50
million tons.
Investment Opportunities
There are several areas of
opportunity for investment in the
mining sector in Guinea:
Mineral reserves for exploitation:
Mineral assets have not been fully
explored as exploitation activities
have mostly covered traditional
elements such as bauxite, iron ore,
gold and diamond.
Concession awards: According to
the new mining code, companies
finding mineral interests will be
able to apply for concessions and
transfer their titles, following the
due process.
Direct and Indirect infrastructure:
There will be numerous business
opportunities for successful
subcontractor who can provide
water, energy and other services
to the mining firms.
Energy
The country has a considerable
hydropower potential of
approximately 6,000 megawatts,
withanannualproductioncapacity
of 19.3 GWh, only 2% of which is
developed. Solar power could also
be considerably developed given a
mean sunshine duration of 2,700
hours per year. The Government
has started working on an
electricity development program
focusing on the acquisition of
power generators, rehabilitation
of existing plant, construction
of large and small scale das and
reconstruction of the energy
sector to ensure effectiveness
of the management and give
incentives for investment.
Investment opportunities
Investment opportunities exist
in the construction of dams to
provide electricity for domestic
industries populations as well
as for the eventual export to
neighboring countries. Benefits
of investment in the sector are
underscored by the hydropower
generation potential of the
country, an attractive investment
climate, regional cooperation and
the opportunity to export, strong
demand from the mining sector,
and growth potential of industries
and households.
Agriculture
Guinea has historically been an
exporter of numerous agricultural
commodities. The country
offers ideal climatic and soil
conditions over its four diverse
natural regions and as such, has
tremendous untapped agricultural
potential. This sector employs
70% of the active population
and accounts for 11% of exports
(cotton, coffee, cocoa, rubber, palm
oil, fruits and vegetables) and 17%
of imports (rice and other cereals).
The arable land is estimated to
be 6 million hectares only 10% of
which is cultivated annually.
Investment Opportunities
In 2012, the Government seeks
to build on the successes of
2011 and broaden the horizon
of cooperation by developing
new partnerships with private
investors and centers of excellence
around the globe. The Government
envisions a critical role for foreign
investors in this endeavor:
•	 In the short to mid-term as
provider of technology, equipment
and agriculture best practices to
local farmers and as promoters of
short term commercial crops such
as cotton.
•	 In the mid to long-term as
promoters of agribusinesses and
long term commercial crops in
partnership with local investors
and / or the Government.
Infrastructure
Guinea offers great infrastructure
development opportunities,
all because of its abundant
natural resources and the
Government’s ambitious plans
to build a world class modern
system of roads, airports, real
estate, telecommunications,
transportation and energy supply
to accompany its current economic
boom.
Investment Opportunities
The Government is actively
seeking partners to build
several dedicated seaports for
the transportation of minerals
outside of the country. In addition,
there is a need to increase the
number of modern housing units
across the country. Partners are
also encouraged to invest in the
building of fiber optics and other
telecommunications networks
throughout the country.
Tourism
The charming and varied climate,
also the high mountains and the
long rivers make the landscape
looks very nice. The different
tribes with their crafts, dances,
songs and traditions add a cultural
richness to the natural ones.
Besides, there are nice hotels
and museum and others famous
places in the capital city Conakry.
The development of tourism is
critical as well as the country has
become more attractive to tourists
since the democratic election of
Professor Alpha Condé.
Investment Opportunities
Guinea’s immense tourism
potential is based on its standing
as a country which has formed
African history while preserving
its exclusively distinct image. It
is often dubbed the ‘Switzerland
of Africa’ and offers visitors
many opportunities to capture
the spirit and flavour of the
nation, its people, culture, history,
colourful costumes, lifestyles and
breathtaking scenery.
MONDAY | FEBRUARY 16, 2015
BusinessBuzz 05
KPMG Global Africa Practice launches App
to streamline business in Africa
Telkom considering sale of mobile phone towers in
South Africa
TheKPMGGlobalAfricaPracticehas
launched their new Africa Business
App – a first for the industry. The
dynamic new platform will provide
businesses and investors with
seamless access to the very latest
Africa information about doing
business across the continent.
“With the KPMG Africa Business
App, we are not just delivering the
most up-to-date information on
country profiles, fiscal information
and keen insights into operating in
some of these countries – we are
providing businesses with a unique,
highly interactive and bespoke user
experience,” explains Bryan Leith,
Chief Operating Officer of KPMG
Africa.
Through the application users
will have access to content that
includes the latest African country
profileswiththemostrecentcountry
information – everything from fiscal
guides to business climate and
more – and at no additional charge
for utilising the App beyond their
service providers data charges.
Users will also have full access to
KPMG’s insights into doing business
in Africa – from latest surveys and
reports across industries. What’s
more, the firm has included a
unique and first to market service
via this App. Appropriately named
According to a report by
Bloomberg, South African
telecommunications provider
Telkom, is looking to cut costs
on its mobile
service offering
by selling off
a section of
mobile phone
towers – in
South Africa.
B l o o m b e r g
cited that
individuals with
knowledge on the
matter made the
reveal. According
to Bloomberg’s
source, who
wished to remain
a n o n y m o u s
according to
Bloomberg, the
sale could fetch
as much as
$500 million to
$1 billion. The
source revealed
that Telkom is
and trademarked, the KPMG
ClientTalkTM functionality gives
users easy access to the firm’s
subject experts across markets and
sectors by providing quick-links as
to who to contact at the firm should
users have any questions or are
looking for advice about investing,
expanding or entering the continent.
Additionally, osargenews.com
has been brought on board as the
official news aggregator – providing
up-to-date news and stories from
across each region, as well as Pan-
Africanandglobalnewsofrelevance
to Africa and as the news breaks.
Founder of osargenews.com, Morell
Maison, says: “Accessibility of news
is paramount to decision making.
Our news aggregation saves time
O
range and pan-African
banking group Ecobank
have rolled out a service
that will enable Orange Money
subscribers who also have bank
accounts with Ecobank to transfer
money between their respective
accounts. The service has already
been launched in Mali and will be
rolled-out in several other African
countries, including Cameroon,
Côte d’Ivoire, Guinea Conakry,
Niger, Senegal and the Democratic
Republic of the Congo, during the
first half of 2015. The partnership
aims to facilitate money transfers
for both Ecobank and Orange
customers by offering them the
possibility of topping up their
Orange Money e-wallet from their
bank account, and vice versa.
The two companies have
launched the service following the
signature of a memorandum of
understanding. The partnership
comes as part of a joint strategy to
enhance mobile financial services
and to increase access to banking
services across Africa.
In sub-Saharan Africa, where
less than 24 percent of the
population has a bank account
and over 60 percent have a mobile
phone, Orange Money offers easy-
to-use mobile financial services
that allow transactions to be made
remotely and securely, avoiding
the need to carry money around.
With Orange Money, customers
can transfer money from their
Orange and Ecobank
launch money transfer
service
mobile phones to any other
customer in the country and, in
some countries, internationally.
They can also pay their water,
electricity and television bills and
top up their telephone airtime
remotely. Depending on the
country, they may also benefit
from savings and insurance
solutions. Laurent Paillassot,
Deputy Chief Executive Officer
of Orange in charge of Customer
Experience and Mobile Banking,
said: “This partnership between
Orange and Ecobank will further
enrich customer experience. By
facilitating exchanges between
Ecobank and Orange Money
accounts, our customers will
be able to conduct financial
transactions quickly and in
complete security, bringing them
the best of both worlds. We want
to offer this service wherever it
makes sense.”
PatrickAkinwuntan,Ecobank’s
Group Executive in charge of
Domestic Banking, said “This
roll-out further demonstrates
Ecobank’s commitment to make
branchless banking a reality
by activating multiple service
channels in every country in
which we operate. Our unique
pan-African footprint also enables
us to be at the forefront of efforts
to develop the market for cross-
border mobile financial services
in Africa.”
African Herald Express
and ensures the most relevant news
is available to decision makers and
visitors to Africa, when it’s needed.
Ouraimhasalwaysbeentofacilitate
the flow of information, not just
within pan-Africa, but pan-diaspora.
And this partnership with KPMG
aligns perfectly with our strategy
and philosophy.”
“Africa is a complex and diverse
continent – but it is also home
to many companies that boast
remarkable talent, a great track
record and a more-than-promising
future. Naturally, investors from
elsewhere would like to partner
with them and share in their growth
potential. Within our Global Africa
Practice, we find ourselves devoting
an ever increasing amount of time
and resources to “matchmaking” –
introducing investors to suitable
African partners – and in roughly
90% of cases a successful “marriage”
results. The waters can be difficult
to navigate but we are committed to
helping clients and potential clients
capture business opportunities
available in the African market,
understand the landscape and
mitigate the risks – and the App is
just another channel that allows us
to do exactly that,” concludes Seyi
Bickersteth, Chairman, KPMG Africa.
African Herald Express
allegedly working with consulting
firm Accenture PLC on the sale,
which may attract tower operators
such as IHS Holding Ltd. of Nigeria
and Helios Towers Africa, the
people said. No final decision has
been made and talks may still
falter, they said.
Bloomberg continued the
report by stating that carriers
in emerging markets including
the Middle East and Africa are
offloading towers. They cost more
to run in such regions than in other
parts of the world because of the
need for backup generators and
batteries to guard against power
failures.
Kuwait’s largest wireless
carrier, known as Zain, is
working with Citigroup Inc.
on the possible sale of towers
in two Gulf countries, people
familiar with the matter said
last month. IT News Africa
has reached out to Telkom
regarding the matter;
however, no comment has
yet been obtained from
Telkom. Update: According
to a spokesperson at Telkom: “The
report is speculative; however,
Telkom has stated many times
in the past (most recently at
the Company’s interim results),
that Telkom is continuing its
review of all properties, assets
and infrastructure within the
company’s portfolio. This review
is considering a wide range from
potential options. The primary
focus of the review is to optimise
the use of our facilities and
assets while also considering
any potential commercial
opportunities.”
IT News Africa
mONDAY | FEBRUARY 16, 2015
FRANKLY SPEAKING06
By kirit sobti,
editor, iat
editor@indoafricatimes.com
W
ith enhancing steadiness in the region and
growing appetite from offshore investors
for real estate asset coverage in the African
market, the magnetism of real estate across Africa lies
in its fast-approaching development potential, says
Stewart Shaw-Taylor, head corporate and investment
banking real estate at Standard Bank.
To date, investment flows in the real estate sector
in Africa have depended on a number of concerns.
Investment is generally best-loved in markets that
gain from an all-embracing population with an
escalating middle class; offer a vigorous growth rate
and real opportunity for real estate; display relative
political stability and regulatory frameworks; ensured
security of title to property; and usually offer investor-
friendly markets.
Such investment criterion have meant that real
estate developers and investors have originally
focused on markets like that of Ghana, Nigeria,
Tanzania, Kenya, Mozambique and Angola, with South
Africa well-thought-out as a developed market in the
real estate sector.
It is blindingly obvious that a real estate boom is a
natural derivative of evolving market growth through
rapid urbanization and increasing middle classes.
As growth moderates, particularly as seen in Asian
markets, the rate of construction activity remains
rapid, according to the PWC report “Real Estate 2020”,
only boosting investment opportunities. The report
notes that, by 2025, over 60 percent of all construction
activity is predicted to take place in developing
markets up from just 35 percent in 2005, with sub-
Saharan Africa trailing only emerging Asia.
In August 2014, President Barack Obama
entertained the first-ever U.S.-Africa business summit
in Washington, with tons of African leaders in
attendance. The attention was not on supporting the
poor, as it might once have been, but on manufacturing
multibillion-dollar deals that overshadowed decades
of government contributions to African states.
Nigeria’s cement tycoon Aliko Dangote, CEO of
the Dangote Group (and Africa’s richest person, with
an assessed fortune of $24 billion), proclaimed a $5
billion private equity deal with the Blackstone Group
to invest in power infrastructure such as electrical
transmission lines and coal refineries. Dangote
wrapped a second deal with the Carlyle Group for
investments in oil refineries, agriculture, and financial
services; just months earlier, Carlyle had closed a $698
million Sub-Saharan Africa Fund and made its first
investments in a supply-chain company in Tanzania
and a logistics company in Mozambique.
Growth is not constant across the continent, but
the appetite for developers and lenders is becoming
bigger. Development in Africa is not without its hitches,
however, and there are hurdles to be overcome when
investing in, or financing, a commercial real estate
development.
Global property portal, Lamudi, has accumulated a
list of rising investment hotspots across the continent,
grounded on market drifts, infrastructure expansions
and striking commercial, residential and industrial real
estate opportunities.
Sekondi-Takoradi, Ghana: The Western Regional
capital, Sekondi-Takoradi was home to Ghana’s first
electrification project and consequently the nation’s
We have made excellent
progress in identifying good
partners and are considering
a number of potential
transactions. One such
example is SIC Financial
Services in Ghana, who have
both the skills and the network
to contribute significantly to the
Momentum African Real Estate
Fund initiative. It is our intention
to intensify our efforts in these
countries.
David Lashbrook
Head of Africa Investment
Strategies, Momentum GIM
Warren Schultze
CEO, Eris Property Group
Momentum GIM, in concurrence with
Eris Property Group, has efficaciously
closed the first tranche of its African Real
Estate Fund with $50m of institutional,
family office and HNW investor capital.
The fund will center on the
development of retail, commercial
and light industrial real estate in sub-
Saharan Africa outside of South Africa,
offering investors access to Africa’s
strong economic growth and its evolving
consumer. The fund is intended at
long-term institutional investors and it
has a $250m fund raising target for its
final close on June 30th this year. The
fund, which has a target size of $250m is
domiciled in Mauritius. The initial term
of the fund is eight years with two one
year extensions.
The takeoff of the Momentum Africa
Real Estate Fund is in response to
client demand to capitalize on Africa’s
mounting need for quality retail, office
and industrial real estate. “We believe
that investing in the development of
commercial real estate is an exciting way
for investors to support and participate
in the rise of the African consumer,
says David Lashbrook, head of Africa
Investment Strategies at Momentum
GIM.
In recent months the firm has been
emerging “relationships in countries
such as Ghana, Mozambique and Rwanda
in anticipation of the launch of the
fund. We have made excellent progress
in identifying good partners and are
considering a number of potential
transactions. One such example is
SIC Financial Services in Ghana, who
have both the skills and the network
to contribute significantly to the
Momentum African Real Estate Fund
initiative,” adds Warren Schultze, Chief
Executive Officer of Eris Property Group,
a property services and development
company engrossed on sub-Saharan
African markets.
The asset allocation limits are:
45% single country limit, a 35% single
property limit (subject to the top three
investments accounting for less than
50% of the total); a 20% single tenant
limit and a 35% single construction firm
limit. The fee structure is divided into
two parts, a 1.75% management fee and
a performance fee of 20% above a 10%
hurdle.
Momentum Driving
Momentum
We believe that investing in
the development of commercial
real estate is an exciting way
for investors to support and
participate in the rise of the
African consumer. The fund
seeks to mitigate the key risks
of property development prior to
commencing construction and it
targets a minimum internal rate
of return of 18% in USD net of
all fees over its eight year life.
Growth is
not constant
across the
continent, but
the appetite
for developers
and lenders
is becoming
bigger.
first harbor. The city’s prestige has prospered in
recent years with the encounter of oil in the Western
Region. With foreign and local oil companies taking the
opportunity to tap the newly discovered ‘black gold’,
this has amplified the demand for both commercial
and residential properties. With a profusion in other
resources such as gold, timber and cocoa, Sekondi-
Takoradi stands in good stead to be one of the giants
of Africa.
Abuja, Nigeria: With its station as one of the
world’s evolving cities, the Federal Capital Territory
continues to entice real estate investors, concerned
in benefiting from its collection of well-developed
architecture and solid infrastructure. Abuja brags
good security and a favourable climate for business.
The city’s Business Zone is home to a display of
multinational companies mounting their offices into
the evolving market. As Nigeria arises as an attractive
investment hotspot, the outskirts of Lagos are also
increasing in popularity. Areas including Epe, Ota,
Agbara, and Ajah have observed a growth in industrial
parks, and boast reasonable rates at the same time as
in close proximity to the city of Lagos.
Naivasha, Kenya: Positioned 90 kilometers
northwest of Nairobi, Naivasha has fascinated a
number of developers into the region. Tourist
magnetisms in and around Naivasha, such as the Lake
Naivasha, Hell’s Gate, Aberdare Hills and Longonot
National Park have led to the town’s development
as a favored getaway location, growing demand
for holiday homes in the area. With an atmosphere
favorable to both business and leisure, in addition
to the accessibility of land, 2015 will see growth in
residential, commercial and industrial real estate
investment opportunities in Naivasha.
Casablanca, Morocco: Morocco’s industrial and
business center is home to plentiful Moroccan and
international companies, taking benefit of its close
proximity to Europe and international trade routes.
The lively city is progressively captivating to Morocco’s
young population, looking to settle down in a modern
area with an abundance of employment opportunities.
The city is checking a number of commercial
development projects taking place to enlarge the retail
and entertainment amenities on offer.
Jardins de Carthage, Tunisia: This lately
established neighborhood, south of the historic site
of Carthage, has developed into a hotspot for luxury
real estate. With the prevalent tourist site in close
proximity, Jardins de Carthage is a striking selection
for luxury real estate developers, and house-hunters,
looking to participate in upscale property. With
Tunisia’s largest airport, Tunis-Carthage positioned
nearby, this contemporary, residential neighborhood
has all of the needed constructions to fascinate foreign
investors.
Ndola, Zambia: Ndola, positioned roughly 320
kilometers north of Lusaka, has witnessed widespread
development in recent years. The flourishing
manufacturing sector presents a profusion of
opportunities for industrial real estate, with no signs
that the demand for local manufacturing will slow.
The city is the industrial and commercial center of
Zambia’s copper-mining region and with one of the
country’s three international airports located here, its
strong transportation connections expedite industrial
growth.
Commercial real estate improvement in sub-
Saharan Africa is thriving. Swift expansion, a wealthier
population and a speedily growing middle class,
re-location of businesses, and travel to Africa for
business and tourism are motivating demand for new
and modern offices, hotels and retail malls, hence
making Africa a thriving destination for real estate.
Offering Investor
-Friendly Markets
MONDAY | FEBRUARY 16, 2015

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Volume 2 issue 7

  • 1. www.indoafricatimes.com MONDAY | FEBRUARY 16, 2015 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 02 • NO. 07 • Page 12 • Price `10 pg 02 Visit www.agsmovers.com to view our 128 locations worldwide I N T E R N A T I O N A L M O V E R S AGS FOUR WINDS NEW DELHI D 84/2 Okhla Industrial area Ph - 1 New Delhi 110 020 T. +91 98 11 11 00 61 / +91 11 43 36 73 00 E. ags-delhi@agsfourwinds.com Market leader for international removal services in India and Africa. pg10 pg 04 pg 07 Continued to page 03 A Melodramatic End of Afcon 2015 Ivorians: The Proud Winners The Geological Miracle: Guinea Conakry Mumbai: The City That Never Sleeps!! Mining Firms Could Help Turn On Lights Cross Africa The Beautiful Face of Africa Fashion Week London pg 02 Invest in the Energy Continent
  • 2. Wassupafrica02 The 4th edition of the New York Forum AFRICA (NYFA), the world’s leading pan-African business summit, will now take place on August 29-31 2015 in Libreville, Gabon under the High Patronage of His Excellency Ali Bongo Ondimba, President of the Gabonese Republic. The dates have been changed to coincide with the 14th AGOA Forum, the first time this Forum has ever been held in Central Africa. Gabon was chosen as the host nation for the AGOA Forum, which is a US government initiative to expand trade with Sub-Saharan Africa. The NYFA will serve to highlight business and economic opportunities across the whole continent alongside the AGOA discussions about US-Africa trade. The Gabonese government decided to combine the two Mining companies can play a key role in harnessing Africa’s abundant clean sources of energy to overcome the lack of electricity which affects at least one in three Africans, according to World Bank’s report. The report, entitled ‘Power of the Mine: A Transformative Opportunity for Sub-Saharan Africa’ was released at the Mining Indaba underway in Cape Town, South Africa. The bank called on the mining industry to work more closely with electricity utilities in the region to meet their growing energy demands. Ratherthansupplyingtheirown energy on site, mines can become major and reliable customers for electricity utilities or independent power producers (IPPs) which can then grow and develop better infrastructure to bring low-cost power to communities. Two-thirds of people in the region live entirely without electricity and those with a power connection, suffer constant disruptions in supply. Without new investment and with current rates of population growth, there will be more Africans without power by 2030 than there are now. The report finds that mining s demand for power in Sub-Saharan Africa will likely triple between 2000and2020toreachover23,000 MW. This could be higher than non- mining demand for power in some countries. Yet, many mining companies are still opting to supply their own electricity with diesel generators rather than buy power from the grid often because of shortcomings global events to capitalise on the presence and reach of thousands of economic and business leaders who will be together in Libreville for days of discussion and debate. President Bongo said: “We were delighted to be chosen as the host nation for the 14th AGOA Forum; running the two events together was the natural conclusion. While the falling oil price comes at a time of increasing investment into infrastructure projects, it is vital we maintain the economic diversification programmes we have put in place to reduce our dependence on oil revenues. Increasing trade with the West and continuing to attract investment through high- visibility gatherings such as the AGOA Forum and the NYFA are essential.” More than 1,500 business Ethiopia receives support for mobile money Banks and micro-finance firms, located in Ethiopia, are set to launch mobile money services within the country. According to Netherlands-based Company BelCash, the move is intended to assist individuals – who have little or access to banking services – to gain the ability to access these services. BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr the nation. In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry. In a statement made to Reuters, “One of the things that the government wants to do is ensure there is financial inclusion,” said MOSS ICT deputy general manager Kidist Negeye, adding M-Birr would help reach rural areas. “Another aspect is the mobilisation of domestic savings. The government wants to increase the number of deposits.” According to BelCash chief executive, Vince Diop: “BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018.” In the statement, Diop added that BelCash would receive a fee for each transaction made. Two of Ethiopia’s 16 private banks, Lion International Bank and Cooperative Bank of Oromia, as well as a micro-finance firm, have signed up for helloCash. Two more banks have yet to submit applications to the central bank, Diop revealed. ITNews Africa President of Gabonese Republic, H.E. Ali Bongo Ondimba  Mining Firms Could Help Turn On Lights Cross Africa -World Bank New Dates for New York Forum Africa 2015: “Invest in the Energy Continent” in national power systems in the region. According to the report, another 10 gigawatts of electricity will be added to meet mining power demand by 2020 from 2012 levels and a part of this is projected to come from self-supply arrangements costing mining companies up to $3.3 billion. Butnewmodelsofpowersupply for mines are emerging across Sub- Saharan Africa including mines self- supplying and selling to the grid or serving as anchor consumers for IPPs. The report estimates around $6 billion in potential public- private partnership opportunities for new power generation from clean energy sources (including natural gas and hydropower) in Guinea, Mauritania, Tanzania and Mozambique countries with strong expected growth in power demand from the mining sector. Lack of energy stunts the economic growth that s needed to reducepovertyandboostprosperity for all Africans. Integrating mining demand into national and regional powersystemsespeciallyinmineral rich and energy-poor countries can bring enormous benefits to countries and communities. By choosing grid-based and cleaner power sourcing options, which are typically priced lower than self-supplied electricity from diesel or heavy fuel oil, mining companies will be able to meet their electricity needs while also helping to light up the community, said Anita George, Senior Director of the World Bank’s Energy and Extractives Global Practice. In turn, countries will benefit from improved competitiveness of the mining companies, greater tax revenues from mines and more job opportunities for local people. The report states that though there are risks associated with power-mining integration for example from falling commodity prices or a shortage of transmission links regulatory and financial solutions can help mitigate these risks. A key element is for countries across Sub-Saharan Africa to continue with their power sector reforms and create an attractive operating environment for IPPs, including renewable energy developers. Ghanaian Chronicle and political leaders are expected to attend this year’s NYFA. The theme of the Forum is Invest in the Energy Continent; it will focus on the new dynamism in the continent, from entrepreneurs and inward investment, as well as the growing energy sector. Key topics include: economic dynamism; energy sector opportunities; entrepreneurship and enterprise; job creation and economic diversification; education and innovation. The New York Forum AFRICA is the only pan-African business summit to be held in Africa in 2015. AGOA (African Growth and Opportunity Act) was signed into law by President Clintontoexpandanddeepentrade and investment relations between Sub-Saharan Africa and the United States, and to encourage economic growth and development. Richard Attias, Founder of the New York Forum, said: “Holding the two events together is a terrific opportunity: this will really increase the scope of discussions at the NYFA, giving us access to an unprecedented level of US public sector officials and CEOs, while delivering the quality of content for which the NYFA has become known in its three editions to date.” African Herald Express MONDAY | FEBRUARY 16, 2015
  • 3. Wassupafrica 03 FROM PAGE 01 A new coffee policy that seeks to increase coffee production and strengthen extension services in coffee farming is in the offing. Gerardine Mukeshimana, the Minister for Agriculture, said the policy would replace the coffee policy of 1998, paving way for new strategies that will help streamline Rwanda’s coffee industry. It is, however, awaiting Cabinet approval. “Coffee is an important cash crop and a source of income, which makes it essential to have clear and strong policies, regulations and strategies if we are to improve the livelihoods of over 400,000 farmers who depend on coffee farming,” she said. Mukeshimana was speaking during the Rwanda coffee conference organised by the National Agriculture Export Board (Naeb) and the International Growth Centre (IGC) in Kigali. She noted that, often, the role of policies and regulations is overlooked, which creates shaky systems. She added that without strong and industry-supportive policies, there can never be confidence among stakeholders, a situation that affects growth of the sector. “It’s important to know that right policies create a fair ground for all sector players to compete,” the minister emphasised. George William Kayonga, the Naeb Chief Executive Officer, said the new policy will guide the various activities in the coffee sector, and ensure quality along the value chain. He said there is a need to The 2015 Africa Cup of Nations came to a melodramatic end on 8th Feb when Ivory Coast wrapped an electrifying 9-8 victory over Ghana on penalties. The win fetched to an end a 22-year dearth for Ivory Coast, and covered a tournament that was enthused at the last minute and almost outshined by ferocity. This triumph on penalties gave the Ivorians their second title, in a repeat of the 1992 final. The game was followed by blissful merriments on the streets the country's biggest city, Abidjan. President Alassane Ouattara announced the paid holiday on public radio and television after the game. And as the country's golden generation finally got their hands on the AFCON trophy, hundreds of thousands of people lined the streets near the commercial capital of Abidjan to welcome their stars home with the trophy. Ghana winger Christian Atsu was declared the best player of the Africa Cup of Nations after an inspiring showing in Equatorial Guinea. The former Porto player was influential for the Black Stars on the flanks although his exploits could not earn the four-time African champions the trophy. The Chelsea-owned player who performed in all six games for the Black Stars also won the Nissan Goal of the Tournament after a spectacular strike against Guinea in the quarter-final. Ivory Coast goalkeeper Boubacar Barry notched the decisive spot-kick to seal the victory against Ghana. Captain Yaya Toure, who won the Premier League with Manchester City last season, labelled winning the cup as "unbelievable". "When you win with your club, it's quite amazing," he said. "With your country, it's unbelievable." Yaya Toure and the rest of the Ivory Coast football team were greeted home with a heroes welcome after their Africa Cup of Nations triumph. Les Elephants won the coveted trophy for the first time in 22 years with the penalty shoot-out victory over Ghana in Malabo, in which goalkeeper Boubacar Barry netted the winning spot kick. improve extension services and put in place effective mechanisms to boost research, as well as develop technologies that can help increase coffee production,” he said. According to Dr Celestin Gatarayiha, the head of the coffee chain division at NAEB, the policy is in line with the international coffee agreement which was ratified in 2012. Rwanda’s coffee strategy expired in 2012, he added. “Thenewpolicyalsoprovidesa framework on how to improve and respond to demand for coffee on the international market through more enhanced processing and marketing strategies by the private sector.” It also seeks to empower coffee washing stations to increase production in their zones of operations but also ensuring that these stations are fully operational and profitable, he added. The policy also seeks to put in place strong regulations and conducive working environment that will help intensify farmers field schools, knowledge and IFC set to grow Mobile Money usage in Uganda InfiNet Wireless, a broadband connectivity company, has revealed their success in improving connectivity across the Nigerian region. According to the company, TruNorth, one of InfiNet’s resellers, has been working within the region in line with InfiNet’s overall strategy to expand its presence in Africa and bring wireless connectivity to all corners of the continent. According to the company, the Nigerian region has been identified as having low internet speeds and poor connectivity. The company also revealed that telecom providers are not providing sufficient internet speeds that meet the demands of the growing market. Kamal Mokrani, Global Vice President of InfiNet Wireless, stated that: “Nigeria is a key InfiNet Wireless set to improve internet connectivity developing market for us and we are working with TruNorth, an experienced telecom service provider in the region, to provide reliable and state of the art networks for high capacity connectivity.” “TruNorth believe that Nigeria offers the largest telecom market in Africa and shows consistent growth year after year. The market demand in Nigeria outweighs both the service offerings and the availability of infrastructure needed to meet these demands which make it a key focus for Wireless providers such as InifNet Wireless. InfiNet provides high capacity solutions and very fast deliveries, which is exactly what is required in Nigeria today.” concluded Abdallah Fawaz, Managing Director of TruNorth. IT News Africa technical knowhow. There are currently 229 coffee washing stations across the country and the number could be increased once the new policy is implemented. According to Gatarayiha, the new policy will promote the domestic consumption of coffee throughestablishing locally developed roasting capacities. Dr Rocco Mac Chiavello, an economic expert and consultant based in Italy, said undercapacity utilisation, market failures, especially in sourcing and access to finance, still remain major challenges in the coffee industry. “There is need for a policy not only to regulate, but also help deal with market stability through more strengthened relationship between farmers and coffee washing stations,” Chiavello added. Jean Jacques Mmbonigaba, the director general Rwanda Agriculture Board (RAB), said the policy will be key to improve and expand the fully-washed coffee market. New Times After the victory, Ouattara said: "It's wonderful. We had a fantastic team and a coach without equal ... The Ivorian people are proud." After a goalless 120 minutes it came down to which side could hold their nerve best - and the Ivorians came out on top. Goalkeeper Barry was the hero as he protected twice from twelve yards before netting the decisive spot-kick himself. Ivory Coast are now level with DR Congo with two titles, but have some way to go to catch up with seven-time winners Egypt. Thecompetitionwasorganized by Equatorial Guinea in just two months after Morocco pulled out over fears of the spread of Ebola. Morocco was then banned from the 2017 and 2019 tournaments. Its football federation was fined $1m (£650,000) and ordered to pay $9.1m in damages to the Confederation of African Football (Caf). mONDAY | FEBRUARY 16, 2015
  • 4. CountryoftheWeek04 Advertisement please email to ads@indoafricatimes.com or call at +91 8595166674 +91 9350564995 To book your Advertiser's Index AGS Four Winds..............0 Page 01 Paranthaman Exporter ....0 Page 02 Chadha Power .................0Page 02 PHEL ...............................0 Page 03 LESDEP ...........................0Page 05 Modern Agro ...................0Page 05 EMAT Africa .....................0Page 08 Mill India Ltd. ...................0Page 10 Laxmi Publications ..........0Page 11 ISIC ..................................0Page 11 Prakash Ameusment .......0Page 11 Agritec Africa ................... Page 12 Y ou might be wondering why we are calling this country as the ‘Geological Miracle’ of the African Continent. No doubt, after holding a big share of world’s Bauxite reserves, Guinea Conakry is carrying all the strong magnets to attract foreign investors into the country. The country offers fruitful business opportunities with ample of benefits. Guinea Conakry wraps an area of almost 246000 square kilometers and has population of approx 11 million people. The country shares its northern border with Guinea Bissau, Senegal and Mali, southern border with Sierra Leone, Liberia and the eastern border with Cote d’Ivore Coast. Guinea Conakry has a huge administration network. Guinea Conakry is a member of big International Organizations like United Nations (UN), African Union (AU), Organization of the Islamic Conference (OIC), Economic community of West African States (ECOWAS) and African Development Bank (AFDB). The Rewarding Sectors Mining Guinea is a vastly mineral rich country whose varied potential includes known world-class bauxite which is the major source of foreign currency and iron ore reserves as well as gold and diamonds. Guinea is the second largest producer of bauxite worldwide, having produced Guinea Conakry The Geological Miracle around 17 million tons in 2011. It also has less known nickel, limestone, uranium, manganese, graphite and other deposits, most of which are still largely underexploited. In addition, Guinea possesses at least two unexpected world-class iron ore deposits, Mounts Nimba and Simandou in the southeast of the country. The gold potential of the country is estimated at over 50 million tons. Investment Opportunities There are several areas of opportunity for investment in the mining sector in Guinea: Mineral reserves for exploitation: Mineral assets have not been fully explored as exploitation activities have mostly covered traditional elements such as bauxite, iron ore, gold and diamond. Concession awards: According to the new mining code, companies finding mineral interests will be able to apply for concessions and transfer their titles, following the due process. Direct and Indirect infrastructure: There will be numerous business opportunities for successful subcontractor who can provide water, energy and other services to the mining firms. Energy The country has a considerable hydropower potential of approximately 6,000 megawatts, withanannualproductioncapacity of 19.3 GWh, only 2% of which is developed. Solar power could also be considerably developed given a mean sunshine duration of 2,700 hours per year. The Government has started working on an electricity development program focusing on the acquisition of power generators, rehabilitation of existing plant, construction of large and small scale das and reconstruction of the energy sector to ensure effectiveness of the management and give incentives for investment. Investment opportunities Investment opportunities exist in the construction of dams to provide electricity for domestic industries populations as well as for the eventual export to neighboring countries. Benefits of investment in the sector are underscored by the hydropower generation potential of the country, an attractive investment climate, regional cooperation and the opportunity to export, strong demand from the mining sector, and growth potential of industries and households. Agriculture Guinea has historically been an exporter of numerous agricultural commodities. The country offers ideal climatic and soil conditions over its four diverse natural regions and as such, has tremendous untapped agricultural potential. This sector employs 70% of the active population and accounts for 11% of exports (cotton, coffee, cocoa, rubber, palm oil, fruits and vegetables) and 17% of imports (rice and other cereals). The arable land is estimated to be 6 million hectares only 10% of which is cultivated annually. Investment Opportunities In 2012, the Government seeks to build on the successes of 2011 and broaden the horizon of cooperation by developing new partnerships with private investors and centers of excellence around the globe. The Government envisions a critical role for foreign investors in this endeavor: • In the short to mid-term as provider of technology, equipment and agriculture best practices to local farmers and as promoters of short term commercial crops such as cotton. • In the mid to long-term as promoters of agribusinesses and long term commercial crops in partnership with local investors and / or the Government. Infrastructure Guinea offers great infrastructure development opportunities, all because of its abundant natural resources and the Government’s ambitious plans to build a world class modern system of roads, airports, real estate, telecommunications, transportation and energy supply to accompany its current economic boom. Investment Opportunities The Government is actively seeking partners to build several dedicated seaports for the transportation of minerals outside of the country. In addition, there is a need to increase the number of modern housing units across the country. Partners are also encouraged to invest in the building of fiber optics and other telecommunications networks throughout the country. Tourism The charming and varied climate, also the high mountains and the long rivers make the landscape looks very nice. The different tribes with their crafts, dances, songs and traditions add a cultural richness to the natural ones. Besides, there are nice hotels and museum and others famous places in the capital city Conakry. The development of tourism is critical as well as the country has become more attractive to tourists since the democratic election of Professor Alpha Condé. Investment Opportunities Guinea’s immense tourism potential is based on its standing as a country which has formed African history while preserving its exclusively distinct image. It is often dubbed the ‘Switzerland of Africa’ and offers visitors many opportunities to capture the spirit and flavour of the nation, its people, culture, history, colourful costumes, lifestyles and breathtaking scenery. MONDAY | FEBRUARY 16, 2015
  • 5. BusinessBuzz 05 KPMG Global Africa Practice launches App to streamline business in Africa Telkom considering sale of mobile phone towers in South Africa TheKPMGGlobalAfricaPracticehas launched their new Africa Business App – a first for the industry. The dynamic new platform will provide businesses and investors with seamless access to the very latest Africa information about doing business across the continent. “With the KPMG Africa Business App, we are not just delivering the most up-to-date information on country profiles, fiscal information and keen insights into operating in some of these countries – we are providing businesses with a unique, highly interactive and bespoke user experience,” explains Bryan Leith, Chief Operating Officer of KPMG Africa. Through the application users will have access to content that includes the latest African country profileswiththemostrecentcountry information – everything from fiscal guides to business climate and more – and at no additional charge for utilising the App beyond their service providers data charges. Users will also have full access to KPMG’s insights into doing business in Africa – from latest surveys and reports across industries. What’s more, the firm has included a unique and first to market service via this App. Appropriately named According to a report by Bloomberg, South African telecommunications provider Telkom, is looking to cut costs on its mobile service offering by selling off a section of mobile phone towers – in South Africa. B l o o m b e r g cited that individuals with knowledge on the matter made the reveal. According to Bloomberg’s source, who wished to remain a n o n y m o u s according to Bloomberg, the sale could fetch as much as $500 million to $1 billion. The source revealed that Telkom is and trademarked, the KPMG ClientTalkTM functionality gives users easy access to the firm’s subject experts across markets and sectors by providing quick-links as to who to contact at the firm should users have any questions or are looking for advice about investing, expanding or entering the continent. Additionally, osargenews.com has been brought on board as the official news aggregator – providing up-to-date news and stories from across each region, as well as Pan- Africanandglobalnewsofrelevance to Africa and as the news breaks. Founder of osargenews.com, Morell Maison, says: “Accessibility of news is paramount to decision making. Our news aggregation saves time O range and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts. The service has already been launched in Mali and will be rolled-out in several other African countries, including Cameroon, Côte d’Ivoire, Guinea Conakry, Niger, Senegal and the Democratic Republic of the Congo, during the first half of 2015. The partnership aims to facilitate money transfers for both Ecobank and Orange customers by offering them the possibility of topping up their Orange Money e-wallet from their bank account, and vice versa. The two companies have launched the service following the signature of a memorandum of understanding. The partnership comes as part of a joint strategy to enhance mobile financial services and to increase access to banking services across Africa. In sub-Saharan Africa, where less than 24 percent of the population has a bank account and over 60 percent have a mobile phone, Orange Money offers easy- to-use mobile financial services that allow transactions to be made remotely and securely, avoiding the need to carry money around. With Orange Money, customers can transfer money from their Orange and Ecobank launch money transfer service mobile phones to any other customer in the country and, in some countries, internationally. They can also pay their water, electricity and television bills and top up their telephone airtime remotely. Depending on the country, they may also benefit from savings and insurance solutions. Laurent Paillassot, Deputy Chief Executive Officer of Orange in charge of Customer Experience and Mobile Banking, said: “This partnership between Orange and Ecobank will further enrich customer experience. By facilitating exchanges between Ecobank and Orange Money accounts, our customers will be able to conduct financial transactions quickly and in complete security, bringing them the best of both worlds. We want to offer this service wherever it makes sense.” PatrickAkinwuntan,Ecobank’s Group Executive in charge of Domestic Banking, said “This roll-out further demonstrates Ecobank’s commitment to make branchless banking a reality by activating multiple service channels in every country in which we operate. Our unique pan-African footprint also enables us to be at the forefront of efforts to develop the market for cross- border mobile financial services in Africa.” African Herald Express and ensures the most relevant news is available to decision makers and visitors to Africa, when it’s needed. Ouraimhasalwaysbeentofacilitate the flow of information, not just within pan-Africa, but pan-diaspora. And this partnership with KPMG aligns perfectly with our strategy and philosophy.” “Africa is a complex and diverse continent – but it is also home to many companies that boast remarkable talent, a great track record and a more-than-promising future. Naturally, investors from elsewhere would like to partner with them and share in their growth potential. Within our Global Africa Practice, we find ourselves devoting an ever increasing amount of time and resources to “matchmaking” – introducing investors to suitable African partners – and in roughly 90% of cases a successful “marriage” results. The waters can be difficult to navigate but we are committed to helping clients and potential clients capture business opportunities available in the African market, understand the landscape and mitigate the risks – and the App is just another channel that allows us to do exactly that,” concludes Seyi Bickersteth, Chairman, KPMG Africa. African Herald Express allegedly working with consulting firm Accenture PLC on the sale, which may attract tower operators such as IHS Holding Ltd. of Nigeria and Helios Towers Africa, the people said. No final decision has been made and talks may still falter, they said. Bloomberg continued the report by stating that carriers in emerging markets including the Middle East and Africa are offloading towers. They cost more to run in such regions than in other parts of the world because of the need for backup generators and batteries to guard against power failures. Kuwait’s largest wireless carrier, known as Zain, is working with Citigroup Inc. on the possible sale of towers in two Gulf countries, people familiar with the matter said last month. IT News Africa has reached out to Telkom regarding the matter; however, no comment has yet been obtained from Telkom. Update: According to a spokesperson at Telkom: “The report is speculative; however, Telkom has stated many times in the past (most recently at the Company’s interim results), that Telkom is continuing its review of all properties, assets and infrastructure within the company’s portfolio. This review is considering a wide range from potential options. The primary focus of the review is to optimise the use of our facilities and assets while also considering any potential commercial opportunities.” IT News Africa mONDAY | FEBRUARY 16, 2015
  • 6. FRANKLY SPEAKING06 By kirit sobti, editor, iat editor@indoafricatimes.com W ith enhancing steadiness in the region and growing appetite from offshore investors for real estate asset coverage in the African market, the magnetism of real estate across Africa lies in its fast-approaching development potential, says Stewart Shaw-Taylor, head corporate and investment banking real estate at Standard Bank. To date, investment flows in the real estate sector in Africa have depended on a number of concerns. Investment is generally best-loved in markets that gain from an all-embracing population with an escalating middle class; offer a vigorous growth rate and real opportunity for real estate; display relative political stability and regulatory frameworks; ensured security of title to property; and usually offer investor- friendly markets. Such investment criterion have meant that real estate developers and investors have originally focused on markets like that of Ghana, Nigeria, Tanzania, Kenya, Mozambique and Angola, with South Africa well-thought-out as a developed market in the real estate sector. It is blindingly obvious that a real estate boom is a natural derivative of evolving market growth through rapid urbanization and increasing middle classes. As growth moderates, particularly as seen in Asian markets, the rate of construction activity remains rapid, according to the PWC report “Real Estate 2020”, only boosting investment opportunities. The report notes that, by 2025, over 60 percent of all construction activity is predicted to take place in developing markets up from just 35 percent in 2005, with sub- Saharan Africa trailing only emerging Asia. In August 2014, President Barack Obama entertained the first-ever U.S.-Africa business summit in Washington, with tons of African leaders in attendance. The attention was not on supporting the poor, as it might once have been, but on manufacturing multibillion-dollar deals that overshadowed decades of government contributions to African states. Nigeria’s cement tycoon Aliko Dangote, CEO of the Dangote Group (and Africa’s richest person, with an assessed fortune of $24 billion), proclaimed a $5 billion private equity deal with the Blackstone Group to invest in power infrastructure such as electrical transmission lines and coal refineries. Dangote wrapped a second deal with the Carlyle Group for investments in oil refineries, agriculture, and financial services; just months earlier, Carlyle had closed a $698 million Sub-Saharan Africa Fund and made its first investments in a supply-chain company in Tanzania and a logistics company in Mozambique. Growth is not constant across the continent, but the appetite for developers and lenders is becoming bigger. Development in Africa is not without its hitches, however, and there are hurdles to be overcome when investing in, or financing, a commercial real estate development. Global property portal, Lamudi, has accumulated a list of rising investment hotspots across the continent, grounded on market drifts, infrastructure expansions and striking commercial, residential and industrial real estate opportunities. Sekondi-Takoradi, Ghana: The Western Regional capital, Sekondi-Takoradi was home to Ghana’s first electrification project and consequently the nation’s We have made excellent progress in identifying good partners and are considering a number of potential transactions. One such example is SIC Financial Services in Ghana, who have both the skills and the network to contribute significantly to the Momentum African Real Estate Fund initiative. It is our intention to intensify our efforts in these countries. David Lashbrook Head of Africa Investment Strategies, Momentum GIM Warren Schultze CEO, Eris Property Group Momentum GIM, in concurrence with Eris Property Group, has efficaciously closed the first tranche of its African Real Estate Fund with $50m of institutional, family office and HNW investor capital. The fund will center on the development of retail, commercial and light industrial real estate in sub- Saharan Africa outside of South Africa, offering investors access to Africa’s strong economic growth and its evolving consumer. The fund is intended at long-term institutional investors and it has a $250m fund raising target for its final close on June 30th this year. The fund, which has a target size of $250m is domiciled in Mauritius. The initial term of the fund is eight years with two one year extensions. The takeoff of the Momentum Africa Real Estate Fund is in response to client demand to capitalize on Africa’s mounting need for quality retail, office and industrial real estate. “We believe that investing in the development of commercial real estate is an exciting way for investors to support and participate in the rise of the African consumer, says David Lashbrook, head of Africa Investment Strategies at Momentum GIM. In recent months the firm has been emerging “relationships in countries such as Ghana, Mozambique and Rwanda in anticipation of the launch of the fund. We have made excellent progress in identifying good partners and are considering a number of potential transactions. One such example is SIC Financial Services in Ghana, who have both the skills and the network to contribute significantly to the Momentum African Real Estate Fund initiative,” adds Warren Schultze, Chief Executive Officer of Eris Property Group, a property services and development company engrossed on sub-Saharan African markets. The asset allocation limits are: 45% single country limit, a 35% single property limit (subject to the top three investments accounting for less than 50% of the total); a 20% single tenant limit and a 35% single construction firm limit. The fee structure is divided into two parts, a 1.75% management fee and a performance fee of 20% above a 10% hurdle. Momentum Driving Momentum We believe that investing in the development of commercial real estate is an exciting way for investors to support and participate in the rise of the African consumer. The fund seeks to mitigate the key risks of property development prior to commencing construction and it targets a minimum internal rate of return of 18% in USD net of all fees over its eight year life. Growth is not constant across the continent, but the appetite for developers and lenders is becoming bigger. first harbor. The city’s prestige has prospered in recent years with the encounter of oil in the Western Region. With foreign and local oil companies taking the opportunity to tap the newly discovered ‘black gold’, this has amplified the demand for both commercial and residential properties. With a profusion in other resources such as gold, timber and cocoa, Sekondi- Takoradi stands in good stead to be one of the giants of Africa. Abuja, Nigeria: With its station as one of the world’s evolving cities, the Federal Capital Territory continues to entice real estate investors, concerned in benefiting from its collection of well-developed architecture and solid infrastructure. Abuja brags good security and a favourable climate for business. The city’s Business Zone is home to a display of multinational companies mounting their offices into the evolving market. As Nigeria arises as an attractive investment hotspot, the outskirts of Lagos are also increasing in popularity. Areas including Epe, Ota, Agbara, and Ajah have observed a growth in industrial parks, and boast reasonable rates at the same time as in close proximity to the city of Lagos. Naivasha, Kenya: Positioned 90 kilometers northwest of Nairobi, Naivasha has fascinated a number of developers into the region. Tourist magnetisms in and around Naivasha, such as the Lake Naivasha, Hell’s Gate, Aberdare Hills and Longonot National Park have led to the town’s development as a favored getaway location, growing demand for holiday homes in the area. With an atmosphere favorable to both business and leisure, in addition to the accessibility of land, 2015 will see growth in residential, commercial and industrial real estate investment opportunities in Naivasha. Casablanca, Morocco: Morocco’s industrial and business center is home to plentiful Moroccan and international companies, taking benefit of its close proximity to Europe and international trade routes. The lively city is progressively captivating to Morocco’s young population, looking to settle down in a modern area with an abundance of employment opportunities. The city is checking a number of commercial development projects taking place to enlarge the retail and entertainment amenities on offer. Jardins de Carthage, Tunisia: This lately established neighborhood, south of the historic site of Carthage, has developed into a hotspot for luxury real estate. With the prevalent tourist site in close proximity, Jardins de Carthage is a striking selection for luxury real estate developers, and house-hunters, looking to participate in upscale property. With Tunisia’s largest airport, Tunis-Carthage positioned nearby, this contemporary, residential neighborhood has all of the needed constructions to fascinate foreign investors. Ndola, Zambia: Ndola, positioned roughly 320 kilometers north of Lusaka, has witnessed widespread development in recent years. The flourishing manufacturing sector presents a profusion of opportunities for industrial real estate, with no signs that the demand for local manufacturing will slow. The city is the industrial and commercial center of Zambia’s copper-mining region and with one of the country’s three international airports located here, its strong transportation connections expedite industrial growth. Commercial real estate improvement in sub- Saharan Africa is thriving. Swift expansion, a wealthier population and a speedily growing middle class, re-location of businesses, and travel to Africa for business and tourism are motivating demand for new and modern offices, hotels and retail malls, hence making Africa a thriving destination for real estate. Offering Investor -Friendly Markets MONDAY | FEBRUARY 16, 2015
  • 7. TRAVEL&tourism 07 M umbai is what we lovingly call - the 'City of Dreams'. This marvellous metropolis is not only the financial capital of India that aids as the center of all trade and investments, but also a cultural center. It is a place where you can enjoy the most eminent stylish labels and merchandises from various fashion houses that overflow the eventful malls. A place where allure is not a rare word and is imitated brazenly in the Bollywood film industry. To witness some of God's astonishing wonders- the splendid sunsets over the Arabian Sea, do take a look at the beaches in Mumbai, which is a dream-like vision. In Mumbai, night is when the day truly arises, which is why Mumbai is also talk about as the 'city that never sleeps'. Once a cluster of seven islands, Mumbai was offered to King Charles II in 1661 as part of the dowry when he married Princess Catherine de Braganza of Portugal. City of Dreams: Vivacious, thriving, on the move, energetic, amusing - this is Mumbai or as it is still often denoted as - Bombay. The most contemporary city in India, it catches the essence of the shifting pace set by liberalization and modernisation. Lip-Smacking Choices: It is the capital of Maharashtra state, and its official language is Marathi though English and Hindi are broadly spoken and understood. The fast- paced life has given rise to packs of "fast-food Mumbai outlets" on more or less every road, proposing lip-smacking choices of Mumbai's very own: Pau Bhaji, Bhel Puri and Kababs. There is no shortage, yet, of multi-culinary delicacies dished out in high-class restaurants by master chefs. Shopper's Delight: Mumbai is a shopper's delight with inexpensive buys, élite boutiques, cultural markets and mini bazaars. This eventful city is also the centre of a blossoming cultural life, with an endless stream of concerts in music, dance and drama. BindaasBollywood:NexttoHollywood, Mumbai is world's largest production centre for films. The Film City: 'Bollywood', as it is called, produces the second most number of films in the world every year. Mumbai for All: Mumbai gratifies to the audacious and the idealistic through its boasting activities, nightclubs, pubs, theatres, beaches and restaurants. Old and new, rich and poor, classical and modern- it’s all here for you to smell and relish! The City That Never Sleeps!! Gateway of India: This 26m-high edifice has four turrets and intricate latticework engraved into the yellow basalt stone. Local people as well as the foreign tourists come down to this place in the evening and take a cool rest from day's tiring work schedules. WHERE TO GO??? Marine Drive: It is the place where people hang out to cool down a while from the muggy hurried and busied life. As street lamps systematically line up on the edge of the beach, it is also known as called Queen's Necklace. Stalls on the beach, selling Bhelpuri, Kulfi and Paan make the chowpatty reviving. Juhu Beach: Juhu is one of the most popular and posh beaches of India. Tourists can enjoy horse and donkey rides, dancing monkeys, acrobats, cricket matches, toy sellers etc. here. Essel World: Essel World offers over 40 exciting rides, games, and attractions. The Water Kingdom is said to be the largest of its kind in Asia. It is a perfect destination for a one-day holiday. Siddhivinayak Temple: The temple has a Kalash, which is a pointed dome of 12 feet high Gabhara (sanctum sanctorum) weighing 1500 kg and plated in gold. So, it expedites the 'Darshan' of Sri Siddhivinayak from either the area surrounding the Gabhara or the stage (Sabha Mandap) constructed to conduct pujas and festivities. Haji Ali: Haji Ali Dargah is one of India’s most famed and prominent landmarks. The impressive Haji Ali is both a mosque and tomb. The Dargah is situated on a small island and is reachable through a narrow walking lane. mONDAY | FEBRUARY 16, 2015
  • 8. TALKINGTECHNOLOGY08 T he name synonymous with DAF world over – has been supplying the most efficient DAF units to all sectors of industry since 1955. Over 600 installations in India and more than 6000 globally. Today KROFTA supplies complete solutions for your water and waste water/sewage problems to achieve ZERO DISCHARGE. The Krofta systems comprise of: 1. DAF Systems a) SUPERCELL – A circular DAF clarifier characterized by very low retention time of 3 minutes, pre- fabricated delivery requiring a maximum of 5 – 7 days for erection and commissioning and very high efficiencies and for separation of O & G (+98%) and suspended solids (+90%). b) SEDICELL - A combination of flotation and sedimentation system with residence time of 20 - 30 minutes. Very useful for separation of floatable and settle- able solids and biological sludge thickening. i) Fiber and filler recovery unit in same equipment for mills having high filler content ii) Sedimentation and flotation in one unit ensuring handling of those water flows with very high suspended solids. c) MINICELL – Circular DAF for oil removal and food industries. d) UNICELL – Rectangular DAF. e) MULTIFLOAT – Rectangular DAF with Floatation Enhancement Cells. 2. Belt Filter Press -Belt Filter Presses are very efficient for squeezing sludge in the ETP line to give an outlet of approximately 30% consistency. It can also be used for dewatering sludges from 0.5% to 30% consistency. 3. CPI/TPI Ideal for separation of immersible liquids in Petroleum/ petrochemical vegetable oil industries, Power stations, Railway Maintenance Depots, Marine Bilge etc. 4. Lamella Clarifiers 5. Continuous Sand Filters 6. Membrane Systems a) UF b) NF c) RO 7. Pressure Sand Filters 8. Activated Carbon Filters Excellence in Environmental Engineering 9. Aeration Systems a) FIXED AERATORS b) FLOATING SURFACE AERATORS c) DIFFUSED AERATION 10. Sedimentation Clarifiers 11. Softeners 12. Activated Sludge Process a) SAFF b) FAB c) Extended Aerator 13. Disinfection a) Chlorination b) Ozonation c) UV 14.AirOdourPollution Control Systems Krofta is also in Air and odour pollution control systems in collaboration with M/s ACWA Systems Ltd of UK. To keep air pollution within specified norms, Krofta uses wet scrubbing system by using partially treated effluent if available as scrubbing media for both air and odour pollution control systems. Krofta is now entering the field of Bag Filter Houses in collaboration with Filter Design Limited of UK. Krofta backs up its technology with excellent after-sales services. Contact details:- Krofta Engineering Limited Durga Bhawan A-68, FIEE Complex Okhla Industrial Phase II New Delhi 110020 Tel + 91-11-4724 2500 Email:krofta@kroftaengineering.com Web: www.kroftaengineering.com MONDAY | FEBRUARY 16, 2015
  • 9. TRYSOMETHINGNEW 09 upcoming It does not matter how slowly you go, as long as you don not stop THOUGHT OF THE WEEK Breakbulk Africa 2015 With endless logistics opportunities available as Africa places itself squarely in the middle of the global value chain, now is the time to assess opportunities and risks for the breakbulk and project cargo transportation industry. The diversity of delegate titles, companies, cargoes and geographies that attend Breakbulk events creates a unique transactional environment not found at any other event. Date: 16-19 February, 2015 Venue: Sandton Convention Centre, Johannesburg, South Africa Human Capital and Talent Management in Oil Gas It is organized by the Neoedge Pte. Ltd. The conference will cover areas like exploring both the Human Capital and Talent Management Strategies required in the context of Oil and Gas organization’s Business Strategy in Africa, and most importantly, help them develop a practical action plan for the development and implementation of a Human Capital and Talent Management Program for your organization. Date: 23-26 Feb 2015 Venue: Labadi Beach Hotel, Accra, Ghana AITEC East Africa ICT Summit 2015 The Summit will act as a clearing house to identify synergies, link initiatives, form partnerships, and avoid duplication of projects and waste of resources. Through an intensive partnership programme, AITEC East Africa 2014 will bring together all stakeholders to ensure that the full panoply of regional and national ICT initiatives. Date: 18-19 Feb 2015 Venue: Kenya School of Monetary Studies, Nairobi, Kenya AITEC East Africa ICT Summit 2015 It will provide an excellent opportunity to discuss about latest research in electronics products and computer technology industry. The participants will find out all the information related to single board computers, IBM laptops, sun computer servers, HP computer servers, Compaq computer servers, etc. Date: 18-19 Feb 2015 Venue: Kenya School of Monetary Studies, Nairobi, Kenya 6th Annual Women in Mining The conference will cover areas like Building a career as a woman in the mining industry is difficult but not impossible. While research has shown that South Africa’s mining industry ranks tops for gender diversity in the boardroom, there’s still more that needs to be done for women in mining to make their mark. Date: 18-20 Feb 2015 Venue: Gallagher Estate, Johannesburg, South Africa Interactive Session with H.E. Ambassador Dr Amina C Mohammed, Cabinet Secretary, Ministry of Foreign Affairs and International Trade Republic of Kenya H.E. Ms. Florence Weche, High Commission of Kenya to India on 12 February, 2015 in New Delhi.  picture of the week BE FIT AND FINE  Start off right with drinking water  Maintain a regular sleep pattern  Eat breakfast every day  Avoid junk food  Replace unhealthy foods with healthy foods  Eat meals slowly, and stop eating when you are full  Exercise at least three to five times per week  Keep good posture  Make sure that you believe in yourself Capital of Burkina Faso is Ouagadougou. Written as “Wogodogo” in the Mòoré dialect, it literally means “You are welcome here at home with us”. Ingredients • 1 teaspoon olive oil • 1/2 pound lean ground beef • 1/2 cup canned crushed tomatoes • 1/4 teaspoon ground cinnamon • 1/4 teaspoon ground cumin • 1/8 teaspoon paprika • 1/8 teaspoon ground allspice • 1 (16 ounce) package phyllo dough • cooking oil spray Prepration Method 1. Preheat oven to 350 degrees F (175 degrees C). Lightly grease a baking sheet. 2. Heat olive oil in skillet over medium-high heat. Cook ground beef until it loses its pink color and begins to brown. Drain fat from skillet. Add tomatoes, cinnamon, cumin, paprika and This goes great with hummus on the side! Moroccan Meat Cigars African Cuisine 1. How old are you? Quel âge avez-vous? 2. I am bored. Je m’ennuie. 3. I miss you. Vous me manquez. 4. I have no idea. Je n’ai aucune idée. 5. I am learning French? J'apprends le français? Handy French allspice. Reduce heat to medium and simmer until mixture reduces slightly, about 10 minutes. 3. Remove one phyllo sheet from package and keep the rest covered with a clean cloth until ready to use. On a flat work surface, cut the phyllo sheet into 2 14x9-inch rectangles. Spray the first half-sheet with cooking spray, place the 2nd half on top of it and spray again with oil. Place a generous teaspoon of the meat mixture near the narrow end of the dough. Fold dough over the top of the meat, fold in the sides of the dough, and roll into a narrow tube (cigar) shape. Repeat until all the meat has been rolled up. Arrange cigars on prepared baking sheet. 4. Bake in preheated oven until lightly browned, about 25 minutes. 5. Serve Hot. 8 health benefits of Cardamom Improves digestion  Beats bad breath  Relieves acidity  Helps alleviate respiratory illnesses  Regularizes your heart rate  Fights anaemia  Detoxifies the body and fight free radicals  Improves your sex life mONDAY | FEBRUARY 16, 2015
  • 10. THEFASHIONISTAS10 Dawn in the Creeks (DITC), the Jeta Amata-led initiative aimed at promoting peace in the country’s Niger Delta region has kicked off its second season in Lagos, Nigeria. At the official launch attended by Friends and Partners of DITC as well as members of the Press, Board member, Dawn in the Creeks, Andre Blaze Henshaw said the second season would leverage on the awareness and excitement generated by its debut season and highlight the gains made so far and the challenges facing the project. “In our first season, we mobilized the youth of the area to become change agents in a Niger Delta that was, for too long, perceived as a cauldron of degradation, restiveness and mayhem”, Henshaw reminded. And while these issues have not been totally eradicated, we can literally see a dawn of peace and hope on the horizon”. Season two follows the 21 young men and women who had enrolled in the Nollywood Academy as they juggle their studies with their roles as peace ambassadors to their communities as well as leaders among their peers. “Now things really get interesting because our fledgling film makers are starting to realize Dawn in the Creeks Enters Second Season The Beautiful Face of Africa Fashion Week London that the path of peace comes with its own peculiar issues”, -Henshaw explained. “The crusade for a more peaceful and prosperous Niger Delta will not be embraced immediately by all but they would have to keep at the vision that only is it possible but has become necessary for their communities to be freed from a past riddled with poverty and despair”. Among the friends and partners present at the launch was, the US Consular General in Nigeria, Ambassador Jerry Hawkins, who was full of praise for the Initiative and pledged the continued support of the American Government. “The U.S. Mission partnered with a distinguished group of Nigerian leaders to give the people of the Niger Delta platforms like the Dawn in the Creeks reality TV show and weekly radio programs, to share H ip hop artist, rapper, songwriter and producer Terah AM has performed an acoustic version of ‘Wish you well’ with the Yoyo crew on Ginger tinz. Terah whose main goal is to spread urban rap music influence in 3rd and 2nd cycle institution in Ghana believes his music is not for everybody, but only for the open- minded and young at heart. Terah AM hails from Gbawe- Accra and is 1/3 of Metro District, an independent music group based in Accra comprising of talented artists and producers (JumpOFF No Drrumz). Terah AM is driven by his love for words and Images, and this has B eautiful and stunning model Maggie Smith has fashioned and sketched her way to a landslide victory in the race to become the face of Africa Fashion Week London. The 20-year-old received 1947 votes - over 200 more than her nearest rival. Maggie, who is a receptionist, will get to see her face on posters, websites and the catwalk when she fronts the Africa Fashion Week London in August. Subsequent to her enormous success over more than 20 other contestants Maggie, born in Uganda but now living in Airdrie with mum Joanne said: “I am absolutely over the moon as this will be an amazing opportunity. “I am very excited about being the face of Africa Fashion Week London and I will have to try and contain myself as I still have to get up for work in the morning in the meantime. I finished just over 200 votes ahead of the runner-up, which is incredible. I can’t thank the Advertiser and its readers and everyone who voted enough. “I have relatives in Southampton, Uganda and Australia who all showed their support while all my friends in Airdrie and colleagues at work have been brilliant. “There were people Terah AM performs “Wish you well” acoustic version non-violent solutions to problems with their fellow Nigerians as well as with local, state, and national authorities”, he said. Jerry hinted that “Improving the relationship and accountability between the government and its citizens will go a long way to ensuring the future remains promising for the region. Today, Dawn in the Creeks is a social enterprise run by a competent board of advisors from the world of business, civil society and entertainment. We are looking for corporate partners who share our vision of a better future for our youth.” As in its maiden season, DITC2 will feature notable figures from the Nigerian entertainment seasons serving as mentors and facilitators for the Change Agents and is scheduled to air on select TV stations across the country. Modern Ghana churned him out to be an excellent story teller. He is able to draw inspiration from his experiences to create beautiful music, hence leading to the release of his two songs (How Halo Won Wish You Well). “Wish You Well” reflects the experience one goes through when a love partner decides to leave the other with the reason that the love is fading out. Terah AM who has gained exposure online and on major tertiary campuses used his “Wish You Will” song to tell a story by wishing anyone who goes through such situation well in spite of the challenges in finding another person like him or her. He has released 2 joint EPs (Pushing Envelopes and Three) and has also feature singles. Terah AM is scheduled to release his debut mixtape later on this year. Modern Ghana I have never met in my life who voted for me and I will never forget the opportunity they have afforded me. “I am an emotional person as it is but I was really touched by seeing how kind people can be. “The Africa Fashion Week London doesn’t take place until August but I am travelling to London for a photoshoot at the end of February. Maggie continued saying: “These publicity shots will be to use on the face of the fashion week campaign. The images used are going to be very editorial, with a lot of colour, and I am really looking forward to seeing the finished product. “My face will feature on ticket passes, website promotion and on Twitter, Facebook and Instagram during the fashion week. There will also be a backdrop of an image of my face on the catwalk for the fashion shows, which is very exciting to think about” she said. “I will be based in London for the full week, at least, and the contacts I will hopefully make would be really helpful. “Winning still hasn’t fully sunk in yet. I think it will start to when I go down for my photo-shoot. I cannot wait to get off and running,” she said.  Terah AM  Maggie Smith MONDAY | FEBRUARY 16, 2015
  • 11. SPORTS2WATCH 11 R wanda Football Association (Ferwafa) has agreed to lend money to Rayon sports so that they pay their former coach Raoul Shungu salary arrears totaling $18,943 (Rwf13m) including accumulated fines. Rayon Sport Spokesperson Emmanuel Niyomusabye praised the football body for bailing out the club that risks Fifa penalties including relegation to the second division if they don’t clear the outstanding debt before 1st March. “It is true that Ferwafa will meet all the payments to Raoul Shungu and we pay back the money later. We found it the last option to borrow money to avoid Fifa punishing us,” Rayon spokesperson Niyomusabye told Ferwafa to help Rayon Sports clear Shungu’s arrears Akufo-Addo Congratulates Stars RCA to train 5000 more cricketers Times sport. The arrears accumulated during Shungu’s second stint at the club in 2008 when he agreed with club officials to use his own money to bring in players like Honore Kabongo, Bokota Labama, Jean Lomami and Jimmy Kidega. Shungu is also said to have used his own money to buy logistics like balls, nets and training kit. The Nyanza based side were facing financial problems at the time and agreed to pay back Shungu but never did so, failing to also pay one month’s salary to the former Amavubi coach. The Congolese coach was earning $2500 at the time. Shungu left Rayon Sports in May 2009 after falling out with his assistant Jean Baptiste Kayiranga and the club’s leadership. Kayiranga would later take over as head coach. In September 2009, Shungu wrote to Ferwafa asking for their intervention as Rayon Sports dragged their feet over payment of his money but the football governing body didn’t do much. He then took the matter to Fifa in 2011 and in 2012 Fifa wrote to Rayon Sports asking them to pay the money or risk severe punishment. Towards the end of last year, Fifa again warned Rayon Sports that if they fail to pay before march 1, then they will be relegated to the second division and pay double the money they owe Shungu. New Times This is to congratulate the senior national football team, the Black Stars, for their impressive display in the just ended Africa Cup of Nations, where they emerged as silver medalists. Despite being written off by football pundits prior to the commencement of the tournament and coupled with the difficult beginning they had in their first group game against Senegal, they rallied together, showed character The newly re-elected Rwanda Cricket Association president, Charles Haba has pledged to put more effort in developing the sport across the country. The 38-year-old former Right Guards CC player, was returned an opposed as head of RCA, a position he has held since 2000. According to the RCA constitution, the term of office is two years. After his re-election, Haba said that in the previous years, focus was mainly on creating awareness about cricket in the country. “It is now time to develop the game beyond Kigali. When we and determination, and gave a good account of themselves right down to the last kick of the tournament. The nation is proud of them. We all hoped they were going to bring back the cup after we last tasted victory some 33 years ago, but it was not to be. I am, however, confident of the future of the Black Stars, who can look forward to years of unparalleled success. We have a solid base of good players who will emerge victorious in the next AFCON tournament in 2017, and make Ghana proud in future continental and global competitions. Congratulations once again! Ghanaian Chronicle started RCA in 2000, cricket had just been introduced here, but today, the number has increased to 5000 cricketers,” he said, adding that their target is to double that number in the next one year. In addition to Haba, all the other executive committee members including vice president Srinath Vardhineni, Secretary General Emmanuel Byiringiro and Treasurer, Steven Musaale, retained their posts. Meanwhile, a new position of head of women cricket was also created and will be headed by Sonia Uwimana. New Times  Raoul Shungu  Nana Akufo-Addo mONDAY | FEBRUARY 16, 2015
  • 12. What innovative services does your company offer to African countries? Our Service Assured Access (SAA) solutions. With the linking of Africa’s coastal, urban, and commercial hubs to undersea fiber cables, carriers are taking advantage of all that new bandwidth to roll out advanced Carrier Ethernet networks with which they can increase their revenues by offering their customers SLA-assured Ethernet services. Furthermore, fiber connectivity is now reaching much further into the interior, encouraged by government sponsored initiatives to bring modern communications solutions to larger segments of the population. SAA is an essential solution for the rapidly developing African market. What are the benefits for African companies and governments after implementation? SAA can be adapted to different deployment scenarios. Network build- outs typically take place at a varied pace and service providers can implement SAA to fit their rollout plans, existing infrastructure, migration plans, and OpEx/CapEx objectives. SAA lets them build a complete Carrier Ethernet access network, including smart demarcation and Ethernet service pre-aggregation. They can also use RAD’s SAA to build only a part of the network; for example, to facilitate inter-carrier ENNI handoff or to provide smart demarcation, where the edge or aggregation layer is provided by another vendor. SAA is future-ready, providing powerful demarcation and performance management today, while enabling virtualization to be added in the future to deliver additional service agility and cost reduction. Moreover, because SAA supports differentiated Carrier Ethernet SLA agreements, it enables service providers to tailor services for the specific customer. Given their network of ATM machines, for example, banks can contract for 24-hour SLAs, while enterprises can contract for SLAs only during business hours. Can you give an example of successful implementation of your innovation in Africa? Camtel, OCIT (Orange Ivory Coast Telecom), and Main One in Nigeria. Camtel employs SAA across its entire 4,000-kilometer long fiber network to reach all of the country’s ten regions. This enables them to transport multi-site customer traffic over high- capacity Carrier Ethernet rings while guaranteeing differentiated QoS, according to each application’s specific requirements. RAD solutions will also be used to backhaul multiple 3G mobile networks with performance monitoring and accurate timing synchronization over packets. Similarly, SAA was chosen by OCIT to deliver business Carrier Ethernet services, principally in Abidjan. Main One deployed SAA both to deliver Carrier Ethernet services to business customers and to enable them to offer broadband to other carriers operating in Nigeria. What are the problems your company faced in African countries? Africa is a major element in RAD’s global strategy and, therefore, we are constantly increasing our investment in that market. A major challenge, more common to Africa than other continents, is competition from low-end products. However, once we meet with customers and explain the significant long-term benefits that our SAA solution generates by increasing their revenues, reducing their operational costs and increasing their customer satisfaction (not to mention our excellent, committed local support), we win them over. How can information and production technologies affect African economies and change people’s thinking in 5-10 years, for example? The next big boost that will inevitably affect African telecommunications is virtualization, and RAD will play a leading role. RAD is the first in the market to integrate a Layer 2/Layer 3 network interface device (NID) with a powerful x86 platform for hosting virtual network functions. It is controlled by the service provider and resides at the customer premises to deliver service agility, as well as other substantial benefits. For example, it allows incremental investment via phased NFV deployment – an effective first step towards full NFV deployment, because it foregoes expensive centralized investments that typically outpace initial revenue. In addition, it ensures the effectiveness of key functions that must remain at the customer edge, such as WAN optimization, encryption, traffic conditioning, end-to-end QoS, QoE monitoring, and more. Such center- less deployment also allows better conformance to enterprise customers’ security and access policies. Most service providers see NFV as a promising vehicle to reduce costs, quickly launch new services and basically stay relevant as they face stringent customer needs and growing competition. Among the most potentially lucrative opportunities for NFV are virtual CPE (vCPE), security as a service (SaaS), content delivery networks (CDNs), cloud RANs, evolved packet core (EPC) in the mobile network, WAN traffic balancing/shaping, virtual IMS and RCS, virtual broadband remote access server (vBRAS), and network monitoring. RAD’s SAA enables operators to have the best demarcation and performance mentoring and later upgrade to add virtualization without the need to replace deployed equipment. Its strong management solution comes with a simple visual interface to manage physical devices and add virtual devices tomorrow, totally transparent to end- users. SAA, with D-NFV technology, reduces the risks and investments that African operators would otherwise have to take on in the future, when they shift to virtualization and programmable networks. AfricaBusiness Many industry players in the telecommunication sector have blossomed immensely in the last few years. A pioneer in the imperative sector, RAD Group of Companies in one such player that has emerged as a flourishing brand owing to its special services rendered to the diverse segments of the networking and telecommunications industry. Mr. Noam Dor, Director of Sales for Africa and Middle East for RAD in an insightful interview has thrown light on the Service Assured Access (SAA) solutions provided by them and how it can prove to be a solution for the African countries. Africa is a major element in RAD’s global strategy ENCOUNTER WITH EDITOR12 Owner / Publisher / Editor: Mr. Kirit Sobti from 3rd Floor, Plot No. 3, Block PSP-IV, Service Centre Opp. Sector-11 (Extn.), Rohini, Delhi-85 Printed at LIPEE SCAN PVT. LTD. 89 DSIDC SHED Okhala Phase 1, New Delhi Mr. Noam Dor Director Director of Sales for Africa and Middle East for RAD  MONDAY | FEBRUARY 16, 2015