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Volume 2 issue 9

Indo Africa Times
Indo Africa Times
Indo Africa TimesA Weekly Newspaper at INDO AFRICA TIMES

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.

Volume 2 issue 9

1 of 12
Download to read offline
www.indoafricatimes.com
MONDAY | MARCH 02, 2015 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 02 • NO. 09 • Page 12 • Price `10
pg 02
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pg 04
pg 07
Continued to page 03
pg 05
MoneyGram
reaches 25,000
locations
across
Africa
SEEKING JOINT VENTURE
PARTNERSHIP WITH
S
outh African Deputy Minister of Trade and
Industry Mzwandile Masina along with a
delegation of 25 business leaders visited
India to explore FDI and joint-venture partnership
opportunities here.
The team visited India to take part in the 6th
Annual India Investment and Trade Initiative (ITI)
which took place in Hyderabad and Kolkata from
February 23 to 27.
The ITI is part of the Department of Trade and
Industry’s export and investment promotion policy to
concentrate on India as a high-growth export market
and Foreign Direct Investment (FDI) source.
The delegation included South African companies
looking to entice FDI as well as companies in quest
of joint venture partnerships in the agro-processing,
cosmetics, pharmaceuticals, mining and mineral
beneficiation, infrastructure, architecture and
renewable energy sectors.
According to Masina, South Africa’s economic
relationships with India have prospered since the
formation of diplomatic relations in 1993 as apartheid
ended and democracy began under Nelson Mandela.
“Closer economic ties are also fostered using
initiatives such as the Joint Ministerial Commission
and business engagements facilitated through the
SA-India CEOs Forum,” Masina said.
Airtel Ghana
introduces
DOTGO’s SMS
Web Browsing
Service
EQUATORIAL
GUINEA:
Stepping
up the Ladder
Mauritius: A
True Holiday
Destination
Miss Earth
Rwanda 2015
auditions
start next
month
Wassupafrica02
Moneygram recently announced
an agreement with Safaricom that
enables consumers in over 90
countries outside Kenya to send
funds directly to nearly 20 million
customers of M-PESA.
MoneyGram, a leading
global money transfer company,
announces today that its agent
network in Africa has now reached
25,000 locations, following a
strategic expansion initiative across
the continent.
Recent technology advances
and new agent and sub-agent
signings, including an agreement
with the Mauritius Post Office to
offer money transfer services at
more than 100 locations, have
contributed to achieving this
company milestone.
“MoneyGram continues to grow
throughout Africa as a result of
forming strategic relationships with
reputable companies, including
banks, post offices and retailers, to
bring added convenience and more
choices for our customers,” says
Herve Chomel, MoneyGram’s vice
F
or the third consecutive
year, the West African
Development Bank (BOAD)
in its capacity as Arranger, is raising
funds to support the cotton season
in Benin. The Agreement relating
thereto was signed by and between
Mr.ChristianAdovelande,President
of BOAD and the Managing Director
of the Office national de soutien
des revenus agricoles (National
office for farm income support)
(Borrower) and the Managers
of local banks involved in the
transaction.
This Agreement was signed as
partofthemandateontechnicaland
financial assistance entrusted to
BOAD by the Government of Benin
in February 2014 with the aim of
mobilizing funds for the 2014-2015
Nominations open for Africa’s
leading banking awards ceremony
The most prestigious event in Africa’s
bankingandfinancesectorwilltakeplace
during the annual African Development
Bank meetings in Abidjan, Côte d’Ivoire
on 27th May. The 9th edition of the
African Banker Awards, held under the
patronage of the African Development
Bank will celebrate and highlight the
bankers and financial institutions who
are playing a leading role in driving
African growth and transformation. This
year also happens to be an important
year for the African Development Bank
who will announce the successor to
Donald Kaberuka, its president for the
past ten years.
Organized by African Banker
magazine in cooperation with Business
in Africa Events, the African Banker
Awards will continue to maintain its
exclusive partnership with the African
Development Bank, which over the past
year has finalized its move back home
from Tunis to Abidjan.
Recently the awards committee
issued its call for entries for 2015,
officially inviting all financial institutions
operating in Africa to participate and
compete. The deadline for entries has
been set in a month’s time, on the 16th
March.
The African Banker Awards is the
landmark event on the banking calendar.
Last year’s ceremony took place in
Namibia has emerged the best
ranked African country in terms
of media freedom according to the
2015 World Press Freedom Index
released by the Reporters Without
Borders.
With a score of 12.5, the country
was ranked the first in Africa
and 17th in the world out of 180
countries, moving five places up
from last year's rankings.
Neighbouring South Africa
ranked 39th globally and fourth on
the African continent.
MoneyGram Reaches 25,000 Locations across Africa
Namibia ranks best in world press freedom
BOAD is raising XOF115 billion to support
the 2014-2015 cotton season in Benin
president of Africa. “Remittances
are an important part of economic
development and financial
inclusion throughout the region and
are integral to providing household
essentials,educationandhealthcare
in many countries. We are excited
to be a part of the region’s growth.”
Consumers have access to
MoneyGram’s services in more than
50 African countries. In a series
of recent successes, the company
signedanagreementwithFirstBank
of Nigeria’s subsidiaries in Ghana,
Sierra Leone, and the Gambia, and
also renewed a master agreement
with Standard Bank Group, one of
Africa’s top banks. MoneyGram’s
services are available at over 500
Standard Bank locations in South
Africa and across 11 Southern and
Eastern African countries.
MoneyGram is also
implementing innovative self-
service channels to make it more
convenient for consumers living in
Africa or abroad to obtain needed
funds. The company recently
announced an agreement with
Safaricom that enables consumers
in over 90 countries outside Kenya
to send funds directly to nearly
20 million customers of M-PESA,
Kenya’s leading mobile wallet
provider.
Balancingact-Africa
cotton season. BOAD succeeded in
rallying around itself local banks
to raise a facility of XOF115 billion,
to which the local banking system
contributed to the tune of 79%.
Members of the banking pool
include ECOBANK (Agent Bank),
BOA, Banque Atlantique, BGFI,
Diamond Bank, BSIC and UBA. In
addition to its role as an arranger,
BOAD provides financing in an
amount of XOF25 billion to this
operation
Funds mobilized will be used
to cover financial needs during
the 2014-2015 cotton season,
including cotton purchase from
producers, ginning as well as
storage, evacuation and marketing
of cotton fiber and by-products.
Projections for the cotton season
show a cottonseed production of
360,000 tons over an area sown of
nearly 400,000 hectares.
Expressing his satisfaction at
the trust renewed to his institution
by the Beninese Authorities, Mr.
Christian Adovelande stated that
“this financial support provided by
BOAD, complementary to that of the
local banking system, is in line with
the Bank’s strategic directions as
well as Policy Statement”.
This third Agreement is
attributable to the success of
the two previous ones. The
Government of Benin requested the
support of BOAD for the 2012-2013
cotton season. The sub-regional
institution then rallied around itself
a pool of local banks and raised
XOF82 billion, with Beninese banks
contributing XOF62 billion, or 76%
ofthefacility.Thoseresourcesmade
it possible to sow 351,000 hectares
for a production of 240,000 tons of
cottonseed. The facility was fully
repaid at maturity.
Based on these positive results,
the Government of Benin entrusted
to the Bank a second mandate
for supporting and assisting in
structuring and raising a facility of
XOF115 billion to cover all needs
associated with the 2013-2014
cotton season. For this second
facility, local banks contributed to
the tune of 79%. 347,000 hectares
were sown for a production of
307,355 tons of cottonseed.
African Herald Express
Kigali, Rwanda, and attracted some of
Africa’s key decision makers including
Central Bank Governors and Ministers
of Finance as well as those playing a
key role in the banking world, from bank
CEOs to financiers and deal makers
transforming the continent.
“Since we launched the awards, the
sector has seen phenomenal growth and
is doing things unimaginable a decade
ago. The banks have a responsibility
to drive Africa’s transformation, policy
makers have a role to play in guiding
banks and financial institutions to
unlock capital towards priority projects
and industries. Today more than ever,
the financial services industry, which
is still small compared to emerging
markets standards, will keep rising to
the challenge, as they have over the past
ten years. We are looking forward to
receiving and reading the entries, which
make for insightful reading, especially
in terms of how banks are helping drive
African growth.” Omar Ben Yedder, CEO,
IC Publications.
Past awards and nominations reflect
the diverse achievements of Africa’s top
ranking bankers and industry leaders.
Last year HE Paul Kagame, President
of Rwanda, topped headlines after
receiving a Special Recognition Award
for his leadership and vision.
African Herald Express
Ghana ranked 22nd, Cape Verde
36th, Botswana 42nd and Burkina
Faso 46th.
"The Index is the fruit of
Reporters Without Borders'
constant work in defence of media
freedom, the result of its day-by-
day monitoring of freedom of
information violations," it said.
"Top of the 2015 Index are
Finland, which has been in first
place for five years in succession,
followed by Norway and Denmark."
Zimbabwe ranked 131th with
North Korea and Eritrea, coming
out as the worst performers, ranked
178th to 180th.
The Reporters Without Borders
World Press Freedom Index ranks
the performance of 180 countries
according to a range of criteria
that include media pluralism and
independence, respect for the
safety and freedom of journalists,
and the legislative, institutional
and infrastructural environment in
which the media operate.
Oshili24.com
MONDAY | MARCH 02, 2015
Wassupafrica 03
FROM PAGE 01
“Beyond bilateral relations,
South Africa and India remain
committed partners and are
determined to strengthen the
South-South Cooperation in the
context of IBSA (India, Brazil and
South Africa) and BRICS. This was
oneofthemessagesvisitingDeputy
Minister (Trade and Industry) of
South Africa, Mzwandile Masina,
and accompanying officials sought
to highlight.
Deliberations with AP Chief
Minister Chandrababu Naidu and
Telangana Industries Minister
Jupally Krishna Rao shaped part
of the South African Minister
schedule, who led a delegation of
industrialists to Hyderabad. While
showcasing of the competences
in agro processing, mining, food
and beverages, renewable energy,
pharmaceuticals and capital
equipment remain the focus, South
Africa is also keen on discovering
prospects rising out of the “Make
in India” programme.
‘Make in India’ is an effort
from the Indian government
intended at making the country
into a worldwide competitive
manufacturing hub through
holding investment, invention and
skill development.
Under the scheme, India could
see the structure of National
Investment and Manufacturing
Zones (NIMZ) where the state
would furnish the capital required
for constructing supporting
infrastructure, as well as
institutions for skill development.
According to the World Trade
Organisation (WTO) from 2005 to
2011 saw bilateral trade between
India and the African continent
grow by 30 per-cent – even in
the face of the global financial
crisis. Business leaders from both
countries have also been meeting
since 2005 as part of the India-
Africa Conclave which suggests
constantly consolidating relations.
Theprocesscouldbeoriginated
by the Indian government granting
top South African businessmen
and CEOs with extended VISAs
which will help simplify more
talks of this kind, and will allow a
freer discourse between the two
nations.
Discussions focused on
explicit economic issues that
were perceived as potential
impediments by the South
Africans. Perhaps the two most
pressing were the boundary
limitations placed on the South
African banking sector, in addition
to gold tariffs.
South African Deputy Minister
for Trade Mzwandile Masina stated
that from 2009 to 2014 the country
had benefited from up to 80 billion
Rand (just under £4.5 billion) of
investment from India. With talk
of India building three new cities
to embed their industrial output,
the scale of investment from India
could increase significantly, which
could spell major increases in jobs
and an expansion in the country’s
skill set.
Mr. Masina and officials,
including Consul General of
South Africa in Mumbai, Pule
I.Malefane, addressing media,
said defence and ocean economy
(encompassing a gamut from
fishing, aquaculture, and ship
building to sea port development)
are key areas of collaboration. In
the city, the Deputy Minister took
part in the sixth international
trade and investment initiative
of South Africa’s Department of
Trade and Industry.
South Africa, “a strategic entry
point for investors looking at
Africa,” they said was looking at a
complete range of opportunities,
counting the plans of Andhra
Pradesh to develop a capital.
South Africa, the officials said, had
from December last year initiated
issuing long term (10 year),
multiple entry visas to company
heads and senior executives.
Looking for investments in
Telangana, the State Industries
Minister Jupally Krishna Rao
assured of all support and
cooperationtoavisitingdelegation
from South Africa who met him at
the state Secretariat.
The Minister painted state’s
industrial policy of TS-iPASS
and guaranteed all support. ‘’All
industrial permits would be
delivered through Single Window
African nation shakes up
Malaysian website industry with
free domains
Mali, one of the largest
countries in West Africa, has
introduced the .ML domain
name registry in Kuala Lumpur,
Malaysia, as a new Malaysian
domain extension. AGETIC, the
governmental agency responsible
for Mali's public infrastructure,
is using new technologies to offer
domain name registrations to
all individuals and businesses in
Malaysia at no cost.
"We have introduced a new
.ML domain platform to internet
users in Mali two years ago. With
the introduction of free internet
domain names and a modern
platform, we instantly became
the fastest growing country code
top level domain in Africa.” says
Mr. Moussa Dolo, the Managing
Director of AGETIC. "Over the last
year we have seen a large increase
of registrations from Malaysian
users. We did our research and
found out that the ML extension
The 5th Africa Debt and Capital Markets
(ADCM) Summit will take place for the
first time in Washington D.C. during the
IMF and World Bank Spring Meetings
on 16th April 2015.
Organized by the team behind
African Banker magazine, this high-
level summit will provide an update
on the latest trends and development
in Africa’s capital markets as well
as explore the growing market for
international issuances by African
governments.
Formerly hosted at the London
Stock Exchange, the 5th Africa
Debt and Capital Markets Summit
is the premier event looking at the
development of African debt capital
markets in Africa. Over 150 guests are
expected to attend, including a range of
institutional investors, African Ministers
of Finance, Central Bank Governors,
leading international investment
bankers, private companies, investors,
risk advisors and rating agencies.
The event was launched to create
a platform to connect African issuers to
the financial community in London, the
agenda this year will broaden to explore
the challenges and opportunities in
Mali Gives Millions of Malaysians a New
Internet Identity
Africa Debt and Capital Markets Summit
to take place during the IMF and World
Bank Meetings
is popular in Malaysia, as it is an
abbreviation of the country name.
That is why we decided to create a
special registration offering for the
Malaysian market."
Every nation in the world
receives a two letter abbreviation
from the International Standard
Organization (ISO), and in
that process the ML code was
associated with Mali. Malaysia's
historical MY domain name is
found to be hard to register.
Registration is expensive, requires
paperwork and has bureaucratic
rules preventing Malaysian
individuals and businesses to
register MY domains quickly. With
System,’’ the minister said adding
that there is a 2.50 lakh acre
land bank available in the state
exclusively for new industries. For
water facility, 10 per cent of water
is provided through water grid
and government subsidies would
be made available to them.
Special chief secretary,
industries, Pradeep Chandra
said that out of total pharma
production in India, Telangana
share is 33 per cent and the state
alone contributes 25 per cent of
pharma export. “Telangana state
manufactures 75 per cent of total
vaccination produced in India,’’ he
said.
Mzwandile Masina showed
interest in acquiring vaccinations
to South Africa from the state, an
official release said adding the
visiting dignitary also invited
industrialists from the state
to invest in their country in
mining. ‘’Masina also assured
their cooperation in IT field to
Telangana,’’ the release said.
South Africa is in support of a
speedy finalisation of negotiations
in respect to the proposed
Preferential Trade Agreement
(PTA) with India, said country’s
minister. “Negotiations involving
1,000 tariff lines are complex. Our
wish and aspiration is to make this
thing happen,” Masina said adding,
“Since India is more economically
advanced than South Africa, it is
our desire to consolidate trade
relations with the country.”
Referring to Indian FDI in
South Africa, the minister said
over a 10-year period, total
investments made by Indians in
the African nation was USD 8.6
billion. However, South African
investments in India over the same
period was USD 4.7 billion. “India
is not doing enough to promote
investments in South Africa,” he
told reporters.
The seminar, attended by more
than 200 business people from
IndiaandSouthAfrica,ispartofthe
Ministry of Trade and Industry’s
export and investment promotion
strategy to focus on India as a high
growth export market and foreign
direct investment source.
the introduction of .ML as the free
new MaLaysian domain, AGETIC
offers a solution that addresses
the demand for domains for the 20
million internet users in Malaysia.
The introduction of ML in
Malaysia comes directly after the
ICANN conference in Singapore.
During this meeting of the
international internet governance
body, African participation in the
international internet community
was high on the agenda. With the
introduction of ML domains in
Malaysia, Mali is the first African
country that looks abroad for
domain name distribution.
Balancingact-Africa
Africa’s Capital and
Debtmarkets.Recent
global issuances
have attracted wide
interest from US
investors, who hold
the world’s biggest
pool of capital, but
African debt and
capital markets still
remain off-radar
for the majority
of the investment
community.
The key focus of the 5th Africa
Debt and Capital Markets Summit
will be on the emergence of financial
hubs in Africa, and on ways to make
them become drivers of growth. There
will be a focus on domestic resource
mobilization with the rise of sovereign
wealth funds and pension funds, the
opportunities presented by international
capital and how to tap into this, as well
as a discussion on the debt issuances
and the longer term outlooks for African
sovereign and corporates using this
asset class.
Since its inaugural edition in 2011,
the number of sovereign issuances has
grown rapidly although local capital
markets remain largely illiquid. This
summit, by connecting policy makers,
as well as the buy and sell side, will
help to contribute to more dynamic
capital markets and more transactional
activity across different asset classes
relating to Africa.
The summit, a must-attend event
for financiers in the emerging market
space, will take place in Washington
D.C. on the 16th April.
African Herald
mONDAY | MARCH 02, 2015
CountryoftheWeek04
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O
fficially the Republic of
Equatorial Guinea, the
country is located in
Central Africa and is spread over
an area of 28,000 sq. km. The
country has emerged as one of
sub-Sahara’s largest oil producer.
Equatorial Guinea is flush with
natural resources, expanding
industries and ever-growing
infrastructure. The country has
been among the fastest growing
economy in Africa.
The country was radically
changed in the 1990s when
oilfields were discovered and
went into production. It was
upgraded from a low-income,
mainly agricultural country to
a middle-income country, the
third largest oil producer in sub-
Saharan Africa and the second
main destination of FDI – from
foreign oil companies – in Central
Africa. The country’s main
trading partners are, in order of
importance, the United States,
China, Spain, Italy and France, to
which Equatorial Guinea exports
petroleum, methanol, timber and
cocoa. Major imports include
petroleum equipment, food and
beverages. The tremendous
growth driven by the oil and
gas sector has enabled the
development and improvement
of basic infrastructure but has at
the same time led to a decline in
agriculture, fisheries and forestry,
making the economy highly
dependent on the oil sector.
OIL AND GAS SECTOR
Oil reserves were discovered
in Equatorial Guinea in the year
1996,thecountryhassincebecome
one of the largest oil producers in
Africa after Nigeria and Sudan. The
oil boom has generated GDP which
is at par with several industrial
countries. Crude oil and LNG
exports account for about 80% of
government revenues and 95%
of export income. Oil production
totaled 110 million barrels in
2012 while liquefied gas and
methanol production amounted
to about 7 million tons. The
economy’s huge dependence on
oil and gas, currently accounting
for nearly 90% of GDP and almost
all of the country’s exports, makes
its growth rate highly vulnerable
to fluctuations in world oil prices
and variations in the volumes
produced and exported in the
sector.
Due to high oil reserves,
Equatorial Guinea became the
richest country per capita in
Africa. GDP grew ten folds, but was
unstable because of the volatility
of oil prices.
CONSTRUCTION-
SECOND MAJOR SECTOR
The construction sector is
the country’s second major
activity after gas and methanol
production. Growth in the sector
has been largely driven by public
investment to rehabilitate and
build basic infrastructure such
as roads, ports, airports, public
housing and public buildings.
Investments made under the first
phase of the PNDES, which aims
to turn Equatorial Guinea into an
emerging economy by 2020, have
helped to increase the housing
supply in urban areas and to
develop transport infrastructure
(roads, ports and airports) as well
as electricity distribution. Public
capital expenditure is financed
by oil revenue. The increase in
public capital expenditure in 2013,
2014 and 2015 aims to facilitate
implementation of the second
phase of the PNDES, which is
intended to diversify the economy
in sectors other than oil and gas.
3Fs- FORESTRY,
FARMING AND FISHING
Forestry, Farming, and fishing
are also the major economic
activities in Equatorial Guinea,
and contribute a considerable
percentagetotheGDP.Subsistence
farming predominates the
agriculture scenario in the
country. Oil and gas production
has limited the growth of
agriculture in the country. Cocoa
and coffee production has largely
declined during the past few years.
Equatorial Guinea imports70%
of its food items. Cash crops like
coffee and cocoa are encouraged
over subsistence farming.
ENTICING
INVESTMENTS
Excluding hydrocarbons,
most of the economic growth
in Equatorial Guinea in recent
times has been driven by public
investment. These investments
were made as an effort to improve
basic infrastructure, like roads,
ports, airports and the likes. Public
capital expenditure has grown
constantly in recent years, and this
trend should continue into 2015,
despite the fall in oil revenue that
began in 2012. The fiscal deficit,
which grew from 5.4% of GDP in
2012 to 7.5% in 2013, is therefore
projected to deteriorate further,
reaching 11.4% of GDP in 2014
and 12.8% in 2015.
Aware of the need to
make growth more inclusive
and to broaden its bases, the
authorities have developed a
national economic and social
development plan, the PNDES
(Plan Nacional de Desarrollo
Económico y Social), aimed at
turning Equatorial Guinea into an
emerging economy by 2020. The
first phase of the plan (2008-12)
focused on developing transport
and electricity infrastructure and
public buildings (hospitals and
schools) at the cost of substantial
capital expenditure financed by oil
and gas revenue.
The second phase, begun in
2013,planstomaintainhighpublic
investment in infrastructure while
targeting the development of five
priority sectors that offer the
country untapped comparative
advantages and could generate
wealth and jobs: agriculture
and livestock
farming; fisheries;
petrochemicals and
mining;tourism;and
financial services.
The authorities
wish to improve the
business climate in
these areas to attract
foreign investment
and move up the
global value chains
(GVCs).
Stepping up the Ladder
EQUATORIAL GUINEA
MONDAY | MARCH 02, 2015
BusinessBuzz 05
PayGate launches e-commerce payment collection service
for SMMEs
An e-commerce hurdle for smaller
businesses in South Africa has fallen
with the launch of a new payment
collection service from PayGate.
“For a small company that’s
turning over less than R100,000
a month, getting an e-commerce
merchant account through a bank
can be prohibitively difficult and
expensive,” says PayGate’s business
development manager
Brendan Williamson. “Yet
there are hundreds of small
and home-based businesses
in South Africa that are
poised for growth, if only
they had a realistic way to sell
and receive payments online.
That’s the gap we’re aiming
to fill.”
WilliamsonsaysPayGate’sentry
level e-commerce platform will
allow SMEs to accept a wide range
of payment methods, including
international credit and debit cards,
and get easy access to their money
withoutneedingtoopenanewbank
account. “Our Payment Protector
real-time fraud monitoring system
The DOTGO SMS Web Browser
is a ground-breaking service
that gives all mobile phone users
access to the internet without
cellular data or Wi-Fi – whether
they use simple feature phones
or smartphones. DOTGO’s SMS
Web Browsing service gives
mobile users – particularly in
areas where Internet penetration
is low – access to
e-mail, news, and
to websites like
Wikipedia, Yahoo!
and Facebook.
For many users,
DOTGO is actually
their first-ever
access to the
Internet.
U s i n g
DOTGO’s SMS
Web Browsing
service is easy:
A subscriber
just sends an
SMS to DOTGO
c o n t a i n i n g
the name of
the website
they want to
browse. DOTGO
responds with an
interactive menu-
based version
A
company founded by
Vérone Mankou, the
Congolese entrepreneur
behind the first tablet made in
Africa, announced the opening of
its first VMK store in Abidjan on
19 February 2015. Located in the
Treichville commune at Zone 3 C,
Immeuble Rive Gauche, this point
of sale – which will exclusively
sell products from the VMK range
– marks the beginning of the
Congolese company’s expansion
beyond its borders. The Abidjan
VMK store, which will ultimately
employ around 10 people, will be
an addition to VMK’s first-ever
store in Brazzaville, which was
opened in partnership with the
South African operator, MTN.
VMK plans to expand its store
locations to five countries in the
region by the end of the year. A
second store is scheduled to open
in the Ivory Coast economic capital,
before the opening of three other
VMKstoresinKinshasa,Doualaand
Dakar before the end of 2015. “My
underlying ambition is to bridge
the digital gap in Africa. These
VMK stores are being set up to
make new technologies accessible
to as many people as possible,”
explains Vérone Mankou. “We will
offer a top-of-the-range selection
of products, aimed at the general
public.” The VMK range, which also
includes two smartphone models
available from FCFA 11,900 and
FCFA 19,900 (EUR 18 and EUR
30 respectively) has recently
been enhanced by the addition
of a premium model, the Elikia L.
First VMK store opens in
Abidjan
This outstanding handset, offered
at FCFA 64,900 (EUR 99), comes
equipped with a larger screen
than its predecessor. Not only
that, but VMK is getting ready to
launch its second tablet in March.
It will be available for less than
FCFA 140,000 (EUR 210). “The
opening of a store in Abidjan is an
essential step in the extension of
our Pan-African vision. It is here,
at the crossroads of West Africa,
that VMK has decided to embark
upon conquering the new class of
African consumers,” adds Vérone
Mankou.
Produced in China until
now, VMK devices will shortly
be assembled in the soon-to-be
factory in the Republic of Congo.
Thisproductionunit,whichisinthe
process of being built in the Mpila
neighbourhood of Brazzaville, has
required an investment of nearly
two million dollars and will be
used exclusively for the VMK range
of products. VMK’s Chinese partner
company has started training the
locals who will be employed at
the factory – more than 90 people
in total. VMK plans to produce
350,000 units per month.
African Herald Express
is part of the package, so people are
protected against credit card fraud,”
he adds.
Payment methods on offer
include Visa and Visa Electron,
Mastercard, Maestro, Diners Club,
American Express, SID Instant EFT,
PayD, paysum1 and UKash, says
Williamson, along with a growing
menu of mobile payment options.
The service can be activated
within 48 hours, he adds: “The
application form is just two pages
long, there’s no security required
and the approval is quick. This
allows small business to collect
payments more easily, to project
a more professional image and to
grow to a different level.”
PayGate will continue to
support small businesses as they
grow, says Williamson. “There are
other services aimed at the SME
market, but if a business takes off it
can outgrow those really fast - and
having to change platforms can
be very disruptive. At PayGate we
support everything from home-
based craft businesses to a major
airlines, so we’re able to grow with
our customers.”
However, he warns that
small businesses planning
to go online should work
hard on their marketing.
“You can’t assume that being
online automatically sells
your product - making your
shop window visible is a key
challenge. Businesses who are new
to e-commerce should make sure
they choose web developers who
are able to help them with advice on
search engine marketing and pay-
per-click advertising. Then once the
customers are in the door, PayGate
will make sure you can collect their
money at the till.”
Balancingact-Africa
of the website condensed and
formatted for SMS.
Manu Rajan, Marketing
Director for Airtel Ghana
commented: “DOTGO’s powerful
platform has democratized the
Internet for our subscribers. Yes,
smartphone adoption is growing
fast, but feature phones are still
heavily in use.
With DOTGO’s expertise, we
have instantly increased Internet
penetration in Ghana by enabling
our feature-phone users to access
the Internet with their existing
phones.”
Since all of DOTGO’s services
are built using the same core
DOTGO platform, launching
new services introduces no
further technical overhead once
a carrier has launched any one
of DOTGO’s solutions, like the
SMS Web Browser. This allows
DOTGO carrier partners to rapidly
launch new messaging services
that create new value from their
existing infrastructures.
From Group Messaging
services to social networking
with rich SMS support, DOTGO’s
solutions have been adopted by
over fifteen tier-one operators
around the world.
Significantly, DOTGO’s
messaging platform also provides
mobile operators with much-
needed protection against the
growing revenue losses caused
by Internet-based services
that bypass the carrier, such as
messaging delivered by OTT
players.
The Ghanaian Chronicle
Airtel Ghana Introduces DOTGO’s
SMS Web Browsing Service
mONDAY | MARCH 02, 2015
FRANKLY SPEAKING06
By kirit sobti,
editor, iat
editor@indoafricatimes.com
R
evolutions, some silky, some bloody, have
outlined the last two decades. The map of
the world is now a patchwork of new states
and associations that exemplify achievements over
dictatorship and so-called springs that deteriorated
into acidic winters. In the turmoil of today's headlines,
it is easy to oversee the optimistic opportunities
to withstand with democratic transitions in many
nations in Sub-Saharan Africa. What's going on there is
truly innovative and should not be neglected.
Urbanization is mounting in both developed and
developing countries. The percentage of the world’s
urban population is anticipated to upsurge- to about
57% by 2050 from 47% in 2000. More than 90% of
future population growth will be accounted for by the
large cities in the developing countries.
In the developing world, Africa has went through
with the highest urban growth during the last two
decades at 3.5% per year and this rate of growth is
expected to hold into 2050. Forecasts also designate
that between 2010 and 2025, some African cities
will account for up to 85% of the population. This
rapid development has transformed the continent’s
demographic landscape.
Yet, urbanization in
Africa has failed to bring
about inclusive growth
which, in turn, has
ensued in propagation of
slums, urban poverty and
rising disparity.
Cities also permit
cost effective delivery of
critical services to the
poor, with prospective to
secure major economies
of scale and scope in both
their “lived” and “worked” environments.
"With over 450 million new urban dwellers
expected between 2010 and 2040, Africa's surging
urbanization demands vastly improved delivery of
services," said Jamal Saghir, World Bank director
for Sustainable Development in the Africa Region.
"This study shows that more urbanized countries
have achieved lower poverty rates as well as higher
gross domestic product per capita. We want to draw
policymakers' attention to the fact that countries
having more than 60% of their population in urban
areas are expected to achieve 50% more Millennium
Development Goals on average than those with
urbanization rates of 40% or less. The pathway to end
poverty and boost shared prosperity will necessarily
go through Africa's cities." To comprehend this dream
for the continent’s urban future, Africa’s policymakers
and urban managers will need to cultivate clear
priorities concerning policy and regulatory
commitments for long-term integrated development,
scaling up infrastructure investments, basic services
and the urban environment, as well as building sound
institutions and financial systems at all levels to
Urbanization and urban
development are both positive
products of and forces for
human development and
economic growth – if we can
get them right, and that is
what this regional round-table
is all about. To set us on the
right course by identifying top
priorities and key ingredients of
progress.
John Wilmoth
Director of UN DESA’s
Population Division
Mizengo Pinda
Prime Minister, Tanzania
Ethiopia is set to become an urban
center soon. Another 10 million people
are expected to move to cities by the
year 2025.
Ethiopia has a golden opportunity
to get urbanization right by following
good urban planning. This will also help
the country to deal with two staggering
problems it faces today, that is, poverty
and the race to become one of the middle
income countries.
A report released recently by the
Global Commission on the Economy
& Climate led by the Ethiopian
Development Research Institute (EDRI)
and the Global Green Growth Institute
recommends proper planning and
building compact, well connected cities,
which will help cut costs, improve
economic opportunities, create jobs,
reduce congestion and pollution.
Compact cities equipped with
world class facilities will help improve
people’s lives. Less resources are used
thus producing less waste and greater
economic opportunities are offered.
Ethiopian cities have an opportunity to
become world class cities. The process
of urbanizing Ethiopia has begun with
Investment Addis’ Light Rail Transit
(LRT) and Bus Rapid Transit (BRT).
The report also highlights how a
national policy framework for urban
planning will facilitate the government’s
five-year Growth and Transformation
Plan (GTP). Ethiopia has invested
heavily in infrastructure, rural to urban
and urban to urban connectivity has
improved. Economy has also widely
improved, for example, around 40% of
the population of Tigray lived more than
10 hours away from the city in 1984, by
2007 the number had come down to 8%.
The report also suggested setting
up of clusters of cities in planned
development areas and corridors,
which offer proper connectivity and a
conducive economic environment.
The coming few years are very
crucial for Ethiopia. Key government
initiatives and decisions will be the
driving force in shaping Ethiopia’s cities
for many decades to come.
Ethiopia’s chance for
Rapid Urbanization
Managing urban areas
has become one of the most
important development
challenges of the 21st century.
Our success or failure in
building sustainable cities
will be a major factor in the
success of the post-2015 UN
development agenda.
While
urbanization
can provide a
lift to national
economies,
it can also
present many
infrastructure
and humanitarian
challenges.
enable effective implementation. The good news is
that Africa’s urbanization is yet to occur, and there is
still time to get it right. With Africa less than halfway
through the urbanization process, countries still have
time to get “ahead of the urbanization curve” and get
the best out of its benefits.
While urbanization can provide a lift to national
economies, it can also present many infrastructure
and humanitarian challenges. The advent of slums is
a shared concern of rapid urban growth. According to
the World Health Organization, sub-Saharan Africa’s
urban slum population will double to 400 million
by 2020 unless governments take decisive action.
In sub-Saharan Africa, where only 32.8 percent of
the population resides in cities, 72 percent of urban
residents live in slums.
Only 54 percent of Africa’s urban population has
access to sanitation, and the percentage of urban
Africans with clean drinking water actually decayed
- from 86 percent to 85 percent - between 2005 and
2010. When urban populations grow speedily, it can
be problematic or dreadful for governments and
private enterprises to create a satisfactory number of
jobs. This forces many
people to work in the
informal sector, which
usually pays much less.
In order to address
the challenges of
urbanization facing
many African cities,
some key reforms
should be followed by
governments. These
include (i) upgrading
informal settlements
through the provision
of integrated infrastructures and services that target
the marginalized groups, including the poor, youth,
women and elderly people. In addition, governments
should act proactively to safeguard orderly urban
development by defining and implementing clear
urban development strategies; (ii) summoning urban
financing from local and foreign investors. These
resources should be proficiently and adequately
allocated between central and local governments’
urban projects and should encourage strengthening
the role of municipalities; (iii) improving human
capital through equal access to education and
healthcare services and facilities for all categories
of citizens in order to meet labor market needs;
(iv) divergence of economic activities through the
formation of new economic hubs concerned with
high sustainable and value-added production and
exportation. These reforms should be comprehensive
to ensure that all categories of citizens, regardless of
their age, race, gender, ethnicity, or socio-economic
conditions, have equal access to adequate housing,
basic infrastructure and services and equal job
opportunities.
Africa’s Unimaginable
Growth and Change
Watching the striking growth of towns and cities across Africa, and it is often taken for granted that a great process
of urbanization - whereby a mounting proportion of the population live in reputable settlements as opposed to rural
areas - is happening across the continent.
MONDAY | MARCH 02, 2015

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Volume 2 issue 9

  • 1. www.indoafricatimes.com MONDAY | MARCH 02, 2015 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 02 • NO. 09 • 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 pg 05 MoneyGram reaches 25,000 locations across Africa SEEKING JOINT VENTURE PARTNERSHIP WITH S outh African Deputy Minister of Trade and Industry Mzwandile Masina along with a delegation of 25 business leaders visited India to explore FDI and joint-venture partnership opportunities here. The team visited India to take part in the 6th Annual India Investment and Trade Initiative (ITI) which took place in Hyderabad and Kolkata from February 23 to 27. The ITI is part of the Department of Trade and Industry’s export and investment promotion policy to concentrate on India as a high-growth export market and Foreign Direct Investment (FDI) source. The delegation included South African companies looking to entice FDI as well as companies in quest of joint venture partnerships in the agro-processing, cosmetics, pharmaceuticals, mining and mineral beneficiation, infrastructure, architecture and renewable energy sectors. According to Masina, South Africa’s economic relationships with India have prospered since the formation of diplomatic relations in 1993 as apartheid ended and democracy began under Nelson Mandela. “Closer economic ties are also fostered using initiatives such as the Joint Ministerial Commission and business engagements facilitated through the SA-India CEOs Forum,” Masina said. Airtel Ghana introduces DOTGO’s SMS Web Browsing Service EQUATORIAL GUINEA: Stepping up the Ladder Mauritius: A True Holiday Destination Miss Earth Rwanda 2015 auditions start next month
  • 2. Wassupafrica02 Moneygram recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA. MoneyGram, a leading global money transfer company, announces today that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent. Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have contributed to achieving this company milestone. “MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience and more choices for our customers,” says Herve Chomel, MoneyGram’s vice F or the third consecutive year, the West African Development Bank (BOAD) in its capacity as Arranger, is raising funds to support the cotton season in Benin. The Agreement relating thereto was signed by and between Mr.ChristianAdovelande,President of BOAD and the Managing Director of the Office national de soutien des revenus agricoles (National office for farm income support) (Borrower) and the Managers of local banks involved in the transaction. This Agreement was signed as partofthemandateontechnicaland financial assistance entrusted to BOAD by the Government of Benin in February 2014 with the aim of mobilizing funds for the 2014-2015 Nominations open for Africa’s leading banking awards ceremony The most prestigious event in Africa’s bankingandfinancesectorwilltakeplace during the annual African Development Bank meetings in Abidjan, Côte d’Ivoire on 27th May. The 9th edition of the African Banker Awards, held under the patronage of the African Development Bank will celebrate and highlight the bankers and financial institutions who are playing a leading role in driving African growth and transformation. This year also happens to be an important year for the African Development Bank who will announce the successor to Donald Kaberuka, its president for the past ten years. Organized by African Banker magazine in cooperation with Business in Africa Events, the African Banker Awards will continue to maintain its exclusive partnership with the African Development Bank, which over the past year has finalized its move back home from Tunis to Abidjan. Recently the awards committee issued its call for entries for 2015, officially inviting all financial institutions operating in Africa to participate and compete. The deadline for entries has been set in a month’s time, on the 16th March. The African Banker Awards is the landmark event on the banking calendar. Last year’s ceremony took place in Namibia has emerged the best ranked African country in terms of media freedom according to the 2015 World Press Freedom Index released by the Reporters Without Borders. With a score of 12.5, the country was ranked the first in Africa and 17th in the world out of 180 countries, moving five places up from last year's rankings. Neighbouring South Africa ranked 39th globally and fourth on the African continent. MoneyGram Reaches 25,000 Locations across Africa Namibia ranks best in world press freedom BOAD is raising XOF115 billion to support the 2014-2015 cotton season in Benin president of Africa. “Remittances are an important part of economic development and financial inclusion throughout the region and are integral to providing household essentials,educationandhealthcare in many countries. We are excited to be a part of the region’s growth.” Consumers have access to MoneyGram’s services in more than 50 African countries. In a series of recent successes, the company signedanagreementwithFirstBank of Nigeria’s subsidiaries in Ghana, Sierra Leone, and the Gambia, and also renewed a master agreement with Standard Bank Group, one of Africa’s top banks. MoneyGram’s services are available at over 500 Standard Bank locations in South Africa and across 11 Southern and Eastern African countries. MoneyGram is also implementing innovative self- service channels to make it more convenient for consumers living in Africa or abroad to obtain needed funds. The company recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA, Kenya’s leading mobile wallet provider. Balancingact-Africa cotton season. BOAD succeeded in rallying around itself local banks to raise a facility of XOF115 billion, to which the local banking system contributed to the tune of 79%. Members of the banking pool include ECOBANK (Agent Bank), BOA, Banque Atlantique, BGFI, Diamond Bank, BSIC and UBA. In addition to its role as an arranger, BOAD provides financing in an amount of XOF25 billion to this operation Funds mobilized will be used to cover financial needs during the 2014-2015 cotton season, including cotton purchase from producers, ginning as well as storage, evacuation and marketing of cotton fiber and by-products. Projections for the cotton season show a cottonseed production of 360,000 tons over an area sown of nearly 400,000 hectares. Expressing his satisfaction at the trust renewed to his institution by the Beninese Authorities, Mr. Christian Adovelande stated that “this financial support provided by BOAD, complementary to that of the local banking system, is in line with the Bank’s strategic directions as well as Policy Statement”. This third Agreement is attributable to the success of the two previous ones. The Government of Benin requested the support of BOAD for the 2012-2013 cotton season. The sub-regional institution then rallied around itself a pool of local banks and raised XOF82 billion, with Beninese banks contributing XOF62 billion, or 76% ofthefacility.Thoseresourcesmade it possible to sow 351,000 hectares for a production of 240,000 tons of cottonseed. The facility was fully repaid at maturity. Based on these positive results, the Government of Benin entrusted to the Bank a second mandate for supporting and assisting in structuring and raising a facility of XOF115 billion to cover all needs associated with the 2013-2014 cotton season. For this second facility, local banks contributed to the tune of 79%. 347,000 hectares were sown for a production of 307,355 tons of cottonseed. African Herald Express Kigali, Rwanda, and attracted some of Africa’s key decision makers including Central Bank Governors and Ministers of Finance as well as those playing a key role in the banking world, from bank CEOs to financiers and deal makers transforming the continent. “Since we launched the awards, the sector has seen phenomenal growth and is doing things unimaginable a decade ago. The banks have a responsibility to drive Africa’s transformation, policy makers have a role to play in guiding banks and financial institutions to unlock capital towards priority projects and industries. Today more than ever, the financial services industry, which is still small compared to emerging markets standards, will keep rising to the challenge, as they have over the past ten years. We are looking forward to receiving and reading the entries, which make for insightful reading, especially in terms of how banks are helping drive African growth.” Omar Ben Yedder, CEO, IC Publications. Past awards and nominations reflect the diverse achievements of Africa’s top ranking bankers and industry leaders. Last year HE Paul Kagame, President of Rwanda, topped headlines after receiving a Special Recognition Award for his leadership and vision. African Herald Express Ghana ranked 22nd, Cape Verde 36th, Botswana 42nd and Burkina Faso 46th. "The Index is the fruit of Reporters Without Borders' constant work in defence of media freedom, the result of its day-by- day monitoring of freedom of information violations," it said. "Top of the 2015 Index are Finland, which has been in first place for five years in succession, followed by Norway and Denmark." Zimbabwe ranked 131th with North Korea and Eritrea, coming out as the worst performers, ranked 178th to 180th. The Reporters Without Borders World Press Freedom Index ranks the performance of 180 countries according to a range of criteria that include media pluralism and independence, respect for the safety and freedom of journalists, and the legislative, institutional and infrastructural environment in which the media operate. Oshili24.com MONDAY | MARCH 02, 2015
  • 3. Wassupafrica 03 FROM PAGE 01 “Beyond bilateral relations, South Africa and India remain committed partners and are determined to strengthen the South-South Cooperation in the context of IBSA (India, Brazil and South Africa) and BRICS. This was oneofthemessagesvisitingDeputy Minister (Trade and Industry) of South Africa, Mzwandile Masina, and accompanying officials sought to highlight. Deliberations with AP Chief Minister Chandrababu Naidu and Telangana Industries Minister Jupally Krishna Rao shaped part of the South African Minister schedule, who led a delegation of industrialists to Hyderabad. While showcasing of the competences in agro processing, mining, food and beverages, renewable energy, pharmaceuticals and capital equipment remain the focus, South Africa is also keen on discovering prospects rising out of the “Make in India” programme. ‘Make in India’ is an effort from the Indian government intended at making the country into a worldwide competitive manufacturing hub through holding investment, invention and skill development. Under the scheme, India could see the structure of National Investment and Manufacturing Zones (NIMZ) where the state would furnish the capital required for constructing supporting infrastructure, as well as institutions for skill development. According to the World Trade Organisation (WTO) from 2005 to 2011 saw bilateral trade between India and the African continent grow by 30 per-cent – even in the face of the global financial crisis. Business leaders from both countries have also been meeting since 2005 as part of the India- Africa Conclave which suggests constantly consolidating relations. Theprocesscouldbeoriginated by the Indian government granting top South African businessmen and CEOs with extended VISAs which will help simplify more talks of this kind, and will allow a freer discourse between the two nations. Discussions focused on explicit economic issues that were perceived as potential impediments by the South Africans. Perhaps the two most pressing were the boundary limitations placed on the South African banking sector, in addition to gold tariffs. South African Deputy Minister for Trade Mzwandile Masina stated that from 2009 to 2014 the country had benefited from up to 80 billion Rand (just under £4.5 billion) of investment from India. With talk of India building three new cities to embed their industrial output, the scale of investment from India could increase significantly, which could spell major increases in jobs and an expansion in the country’s skill set. Mr. Masina and officials, including Consul General of South Africa in Mumbai, Pule I.Malefane, addressing media, said defence and ocean economy (encompassing a gamut from fishing, aquaculture, and ship building to sea port development) are key areas of collaboration. In the city, the Deputy Minister took part in the sixth international trade and investment initiative of South Africa’s Department of Trade and Industry. South Africa, “a strategic entry point for investors looking at Africa,” they said was looking at a complete range of opportunities, counting the plans of Andhra Pradesh to develop a capital. South Africa, the officials said, had from December last year initiated issuing long term (10 year), multiple entry visas to company heads and senior executives. Looking for investments in Telangana, the State Industries Minister Jupally Krishna Rao assured of all support and cooperationtoavisitingdelegation from South Africa who met him at the state Secretariat. The Minister painted state’s industrial policy of TS-iPASS and guaranteed all support. ‘’All industrial permits would be delivered through Single Window African nation shakes up Malaysian website industry with free domains Mali, one of the largest countries in West Africa, has introduced the .ML domain name registry in Kuala Lumpur, Malaysia, as a new Malaysian domain extension. AGETIC, the governmental agency responsible for Mali's public infrastructure, is using new technologies to offer domain name registrations to all individuals and businesses in Malaysia at no cost. "We have introduced a new .ML domain platform to internet users in Mali two years ago. With the introduction of free internet domain names and a modern platform, we instantly became the fastest growing country code top level domain in Africa.” says Mr. Moussa Dolo, the Managing Director of AGETIC. "Over the last year we have seen a large increase of registrations from Malaysian users. We did our research and found out that the ML extension The 5th Africa Debt and Capital Markets (ADCM) Summit will take place for the first time in Washington D.C. during the IMF and World Bank Spring Meetings on 16th April 2015. Organized by the team behind African Banker magazine, this high- level summit will provide an update on the latest trends and development in Africa’s capital markets as well as explore the growing market for international issuances by African governments. Formerly hosted at the London Stock Exchange, the 5th Africa Debt and Capital Markets Summit is the premier event looking at the development of African debt capital markets in Africa. Over 150 guests are expected to attend, including a range of institutional investors, African Ministers of Finance, Central Bank Governors, leading international investment bankers, private companies, investors, risk advisors and rating agencies. The event was launched to create a platform to connect African issuers to the financial community in London, the agenda this year will broaden to explore the challenges and opportunities in Mali Gives Millions of Malaysians a New Internet Identity Africa Debt and Capital Markets Summit to take place during the IMF and World Bank Meetings is popular in Malaysia, as it is an abbreviation of the country name. That is why we decided to create a special registration offering for the Malaysian market." Every nation in the world receives a two letter abbreviation from the International Standard Organization (ISO), and in that process the ML code was associated with Mali. Malaysia's historical MY domain name is found to be hard to register. Registration is expensive, requires paperwork and has bureaucratic rules preventing Malaysian individuals and businesses to register MY domains quickly. With System,’’ the minister said adding that there is a 2.50 lakh acre land bank available in the state exclusively for new industries. For water facility, 10 per cent of water is provided through water grid and government subsidies would be made available to them. Special chief secretary, industries, Pradeep Chandra said that out of total pharma production in India, Telangana share is 33 per cent and the state alone contributes 25 per cent of pharma export. “Telangana state manufactures 75 per cent of total vaccination produced in India,’’ he said. Mzwandile Masina showed interest in acquiring vaccinations to South Africa from the state, an official release said adding the visiting dignitary also invited industrialists from the state to invest in their country in mining. ‘’Masina also assured their cooperation in IT field to Telangana,’’ the release said. South Africa is in support of a speedy finalisation of negotiations in respect to the proposed Preferential Trade Agreement (PTA) with India, said country’s minister. “Negotiations involving 1,000 tariff lines are complex. Our wish and aspiration is to make this thing happen,” Masina said adding, “Since India is more economically advanced than South Africa, it is our desire to consolidate trade relations with the country.” Referring to Indian FDI in South Africa, the minister said over a 10-year period, total investments made by Indians in the African nation was USD 8.6 billion. However, South African investments in India over the same period was USD 4.7 billion. “India is not doing enough to promote investments in South Africa,” he told reporters. The seminar, attended by more than 200 business people from IndiaandSouthAfrica,ispartofthe Ministry of Trade and Industry’s export and investment promotion strategy to focus on India as a high growth export market and foreign direct investment source. the introduction of .ML as the free new MaLaysian domain, AGETIC offers a solution that addresses the demand for domains for the 20 million internet users in Malaysia. The introduction of ML in Malaysia comes directly after the ICANN conference in Singapore. During this meeting of the international internet governance body, African participation in the international internet community was high on the agenda. With the introduction of ML domains in Malaysia, Mali is the first African country that looks abroad for domain name distribution. Balancingact-Africa Africa’s Capital and Debtmarkets.Recent global issuances have attracted wide interest from US investors, who hold the world’s biggest pool of capital, but African debt and capital markets still remain off-radar for the majority of the investment community. The key focus of the 5th Africa Debt and Capital Markets Summit will be on the emergence of financial hubs in Africa, and on ways to make them become drivers of growth. There will be a focus on domestic resource mobilization with the rise of sovereign wealth funds and pension funds, the opportunities presented by international capital and how to tap into this, as well as a discussion on the debt issuances and the longer term outlooks for African sovereign and corporates using this asset class. Since its inaugural edition in 2011, the number of sovereign issuances has grown rapidly although local capital markets remain largely illiquid. This summit, by connecting policy makers, as well as the buy and sell side, will help to contribute to more dynamic capital markets and more transactional activity across different asset classes relating to Africa. The summit, a must-attend event for financiers in the emerging market space, will take place in Washington D.C. on the 16th April. African Herald mONDAY | MARCH 02, 2015
  • 4. CountryoftheWeek04 Advertiser's Index AGS Four Winds..............0 Page 01 Paranthaman Exporter ....0 Page 02 Chadha Power .................0Page 02 Prime Electric Limited ..... 0Page 03 PHEL ...............................0 Page 04 LESDEP ...........................0Page 05 Modern Agro ...................0Page 05 Linc Pens .........................0Page 07 EMAT Africa .....................0Page 08 Mill India Ltd. ...................0Page 10 Laxmi Publications ..........0Page 11 ISIC ..................................0Page 11 Prakash Ameusment .......0Page 11 Agritec Africa ................... Page 12 O fficially the Republic of Equatorial Guinea, the country is located in Central Africa and is spread over an area of 28,000 sq. km. The country has emerged as one of sub-Sahara’s largest oil producer. Equatorial Guinea is flush with natural resources, expanding industries and ever-growing infrastructure. The country has been among the fastest growing economy in Africa. The country was radically changed in the 1990s when oilfields were discovered and went into production. It was upgraded from a low-income, mainly agricultural country to a middle-income country, the third largest oil producer in sub- Saharan Africa and the second main destination of FDI – from foreign oil companies – in Central Africa. The country’s main trading partners are, in order of importance, the United States, China, Spain, Italy and France, to which Equatorial Guinea exports petroleum, methanol, timber and cocoa. Major imports include petroleum equipment, food and beverages. The tremendous growth driven by the oil and gas sector has enabled the development and improvement of basic infrastructure but has at the same time led to a decline in agriculture, fisheries and forestry, making the economy highly dependent on the oil sector. OIL AND GAS SECTOR Oil reserves were discovered in Equatorial Guinea in the year 1996,thecountryhassincebecome one of the largest oil producers in Africa after Nigeria and Sudan. The oil boom has generated GDP which is at par with several industrial countries. Crude oil and LNG exports account for about 80% of government revenues and 95% of export income. Oil production totaled 110 million barrels in 2012 while liquefied gas and methanol production amounted to about 7 million tons. The economy’s huge dependence on oil and gas, currently accounting for nearly 90% of GDP and almost all of the country’s exports, makes its growth rate highly vulnerable to fluctuations in world oil prices and variations in the volumes produced and exported in the sector. Due to high oil reserves, Equatorial Guinea became the richest country per capita in Africa. GDP grew ten folds, but was unstable because of the volatility of oil prices. CONSTRUCTION- SECOND MAJOR SECTOR The construction sector is the country’s second major activity after gas and methanol production. Growth in the sector has been largely driven by public investment to rehabilitate and build basic infrastructure such as roads, ports, airports, public housing and public buildings. Investments made under the first phase of the PNDES, which aims to turn Equatorial Guinea into an emerging economy by 2020, have helped to increase the housing supply in urban areas and to develop transport infrastructure (roads, ports and airports) as well as electricity distribution. Public capital expenditure is financed by oil revenue. The increase in public capital expenditure in 2013, 2014 and 2015 aims to facilitate implementation of the second phase of the PNDES, which is intended to diversify the economy in sectors other than oil and gas. 3Fs- FORESTRY, FARMING AND FISHING Forestry, Farming, and fishing are also the major economic activities in Equatorial Guinea, and contribute a considerable percentagetotheGDP.Subsistence farming predominates the agriculture scenario in the country. Oil and gas production has limited the growth of agriculture in the country. Cocoa and coffee production has largely declined during the past few years. Equatorial Guinea imports70% of its food items. Cash crops like coffee and cocoa are encouraged over subsistence farming. ENTICING INVESTMENTS Excluding hydrocarbons, most of the economic growth in Equatorial Guinea in recent times has been driven by public investment. These investments were made as an effort to improve basic infrastructure, like roads, ports, airports and the likes. Public capital expenditure has grown constantly in recent years, and this trend should continue into 2015, despite the fall in oil revenue that began in 2012. The fiscal deficit, which grew from 5.4% of GDP in 2012 to 7.5% in 2013, is therefore projected to deteriorate further, reaching 11.4% of GDP in 2014 and 12.8% in 2015. Aware of the need to make growth more inclusive and to broaden its bases, the authorities have developed a national economic and social development plan, the PNDES (Plan Nacional de Desarrollo Económico y Social), aimed at turning Equatorial Guinea into an emerging economy by 2020. The first phase of the plan (2008-12) focused on developing transport and electricity infrastructure and public buildings (hospitals and schools) at the cost of substantial capital expenditure financed by oil and gas revenue. The second phase, begun in 2013,planstomaintainhighpublic investment in infrastructure while targeting the development of five priority sectors that offer the country untapped comparative advantages and could generate wealth and jobs: agriculture and livestock farming; fisheries; petrochemicals and mining;tourism;and financial services. The authorities wish to improve the business climate in these areas to attract foreign investment and move up the global value chains (GVCs). Stepping up the Ladder EQUATORIAL GUINEA MONDAY | MARCH 02, 2015
  • 5. BusinessBuzz 05 PayGate launches e-commerce payment collection service for SMMEs An e-commerce hurdle for smaller businesses in South Africa has fallen with the launch of a new payment collection service from PayGate. “For a small company that’s turning over less than R100,000 a month, getting an e-commerce merchant account through a bank can be prohibitively difficult and expensive,” says PayGate’s business development manager Brendan Williamson. “Yet there are hundreds of small and home-based businesses in South Africa that are poised for growth, if only they had a realistic way to sell and receive payments online. That’s the gap we’re aiming to fill.” WilliamsonsaysPayGate’sentry level e-commerce platform will allow SMEs to accept a wide range of payment methods, including international credit and debit cards, and get easy access to their money withoutneedingtoopenanewbank account. “Our Payment Protector real-time fraud monitoring system The DOTGO SMS Web Browser is a ground-breaking service that gives all mobile phone users access to the internet without cellular data or Wi-Fi – whether they use simple feature phones or smartphones. DOTGO’s SMS Web Browsing service gives mobile users – particularly in areas where Internet penetration is low – access to e-mail, news, and to websites like Wikipedia, Yahoo! and Facebook. For many users, DOTGO is actually their first-ever access to the Internet. U s i n g DOTGO’s SMS Web Browsing service is easy: A subscriber just sends an SMS to DOTGO c o n t a i n i n g the name of the website they want to browse. DOTGO responds with an interactive menu- based version A company founded by Vérone Mankou, the Congolese entrepreneur behind the first tablet made in Africa, announced the opening of its first VMK store in Abidjan on 19 February 2015. Located in the Treichville commune at Zone 3 C, Immeuble Rive Gauche, this point of sale – which will exclusively sell products from the VMK range – marks the beginning of the Congolese company’s expansion beyond its borders. The Abidjan VMK store, which will ultimately employ around 10 people, will be an addition to VMK’s first-ever store in Brazzaville, which was opened in partnership with the South African operator, MTN. VMK plans to expand its store locations to five countries in the region by the end of the year. A second store is scheduled to open in the Ivory Coast economic capital, before the opening of three other VMKstoresinKinshasa,Doualaand Dakar before the end of 2015. “My underlying ambition is to bridge the digital gap in Africa. These VMK stores are being set up to make new technologies accessible to as many people as possible,” explains Vérone Mankou. “We will offer a top-of-the-range selection of products, aimed at the general public.” The VMK range, which also includes two smartphone models available from FCFA 11,900 and FCFA 19,900 (EUR 18 and EUR 30 respectively) has recently been enhanced by the addition of a premium model, the Elikia L. First VMK store opens in Abidjan This outstanding handset, offered at FCFA 64,900 (EUR 99), comes equipped with a larger screen than its predecessor. Not only that, but VMK is getting ready to launch its second tablet in March. It will be available for less than FCFA 140,000 (EUR 210). “The opening of a store in Abidjan is an essential step in the extension of our Pan-African vision. It is here, at the crossroads of West Africa, that VMK has decided to embark upon conquering the new class of African consumers,” adds Vérone Mankou. Produced in China until now, VMK devices will shortly be assembled in the soon-to-be factory in the Republic of Congo. Thisproductionunit,whichisinthe process of being built in the Mpila neighbourhood of Brazzaville, has required an investment of nearly two million dollars and will be used exclusively for the VMK range of products. VMK’s Chinese partner company has started training the locals who will be employed at the factory – more than 90 people in total. VMK plans to produce 350,000 units per month. African Herald Express is part of the package, so people are protected against credit card fraud,” he adds. Payment methods on offer include Visa and Visa Electron, Mastercard, Maestro, Diners Club, American Express, SID Instant EFT, PayD, paysum1 and UKash, says Williamson, along with a growing menu of mobile payment options. The service can be activated within 48 hours, he adds: “The application form is just two pages long, there’s no security required and the approval is quick. This allows small business to collect payments more easily, to project a more professional image and to grow to a different level.” PayGate will continue to support small businesses as they grow, says Williamson. “There are other services aimed at the SME market, but if a business takes off it can outgrow those really fast - and having to change platforms can be very disruptive. At PayGate we support everything from home- based craft businesses to a major airlines, so we’re able to grow with our customers.” However, he warns that small businesses planning to go online should work hard on their marketing. “You can’t assume that being online automatically sells your product - making your shop window visible is a key challenge. Businesses who are new to e-commerce should make sure they choose web developers who are able to help them with advice on search engine marketing and pay- per-click advertising. Then once the customers are in the door, PayGate will make sure you can collect their money at the till.” Balancingact-Africa of the website condensed and formatted for SMS. Manu Rajan, Marketing Director for Airtel Ghana commented: “DOTGO’s powerful platform has democratized the Internet for our subscribers. Yes, smartphone adoption is growing fast, but feature phones are still heavily in use. With DOTGO’s expertise, we have instantly increased Internet penetration in Ghana by enabling our feature-phone users to access the Internet with their existing phones.” Since all of DOTGO’s services are built using the same core DOTGO platform, launching new services introduces no further technical overhead once a carrier has launched any one of DOTGO’s solutions, like the SMS Web Browser. This allows DOTGO carrier partners to rapidly launch new messaging services that create new value from their existing infrastructures. From Group Messaging services to social networking with rich SMS support, DOTGO’s solutions have been adopted by over fifteen tier-one operators around the world. Significantly, DOTGO’s messaging platform also provides mobile operators with much- needed protection against the growing revenue losses caused by Internet-based services that bypass the carrier, such as messaging delivered by OTT players. The Ghanaian Chronicle Airtel Ghana Introduces DOTGO’s SMS Web Browsing Service mONDAY | MARCH 02, 2015
  • 6. FRANKLY SPEAKING06 By kirit sobti, editor, iat editor@indoafricatimes.com R evolutions, some silky, some bloody, have outlined the last two decades. The map of the world is now a patchwork of new states and associations that exemplify achievements over dictatorship and so-called springs that deteriorated into acidic winters. In the turmoil of today's headlines, it is easy to oversee the optimistic opportunities to withstand with democratic transitions in many nations in Sub-Saharan Africa. What's going on there is truly innovative and should not be neglected. Urbanization is mounting in both developed and developing countries. The percentage of the world’s urban population is anticipated to upsurge- to about 57% by 2050 from 47% in 2000. More than 90% of future population growth will be accounted for by the large cities in the developing countries. In the developing world, Africa has went through with the highest urban growth during the last two decades at 3.5% per year and this rate of growth is expected to hold into 2050. Forecasts also designate that between 2010 and 2025, some African cities will account for up to 85% of the population. This rapid development has transformed the continent’s demographic landscape. Yet, urbanization in Africa has failed to bring about inclusive growth which, in turn, has ensued in propagation of slums, urban poverty and rising disparity. Cities also permit cost effective delivery of critical services to the poor, with prospective to secure major economies of scale and scope in both their “lived” and “worked” environments. "With over 450 million new urban dwellers expected between 2010 and 2040, Africa's surging urbanization demands vastly improved delivery of services," said Jamal Saghir, World Bank director for Sustainable Development in the Africa Region. "This study shows that more urbanized countries have achieved lower poverty rates as well as higher gross domestic product per capita. We want to draw policymakers' attention to the fact that countries having more than 60% of their population in urban areas are expected to achieve 50% more Millennium Development Goals on average than those with urbanization rates of 40% or less. The pathway to end poverty and boost shared prosperity will necessarily go through Africa's cities." To comprehend this dream for the continent’s urban future, Africa’s policymakers and urban managers will need to cultivate clear priorities concerning policy and regulatory commitments for long-term integrated development, scaling up infrastructure investments, basic services and the urban environment, as well as building sound institutions and financial systems at all levels to Urbanization and urban development are both positive products of and forces for human development and economic growth – if we can get them right, and that is what this regional round-table is all about. To set us on the right course by identifying top priorities and key ingredients of progress. John Wilmoth Director of UN DESA’s Population Division Mizengo Pinda Prime Minister, Tanzania Ethiopia is set to become an urban center soon. Another 10 million people are expected to move to cities by the year 2025. Ethiopia has a golden opportunity to get urbanization right by following good urban planning. This will also help the country to deal with two staggering problems it faces today, that is, poverty and the race to become one of the middle income countries. A report released recently by the Global Commission on the Economy & Climate led by the Ethiopian Development Research Institute (EDRI) and the Global Green Growth Institute recommends proper planning and building compact, well connected cities, which will help cut costs, improve economic opportunities, create jobs, reduce congestion and pollution. Compact cities equipped with world class facilities will help improve people’s lives. Less resources are used thus producing less waste and greater economic opportunities are offered. Ethiopian cities have an opportunity to become world class cities. The process of urbanizing Ethiopia has begun with Investment Addis’ Light Rail Transit (LRT) and Bus Rapid Transit (BRT). The report also highlights how a national policy framework for urban planning will facilitate the government’s five-year Growth and Transformation Plan (GTP). Ethiopia has invested heavily in infrastructure, rural to urban and urban to urban connectivity has improved. Economy has also widely improved, for example, around 40% of the population of Tigray lived more than 10 hours away from the city in 1984, by 2007 the number had come down to 8%. The report also suggested setting up of clusters of cities in planned development areas and corridors, which offer proper connectivity and a conducive economic environment. The coming few years are very crucial for Ethiopia. Key government initiatives and decisions will be the driving force in shaping Ethiopia’s cities for many decades to come. Ethiopia’s chance for Rapid Urbanization Managing urban areas has become one of the most important development challenges of the 21st century. Our success or failure in building sustainable cities will be a major factor in the success of the post-2015 UN development agenda. While urbanization can provide a lift to national economies, it can also present many infrastructure and humanitarian challenges. enable effective implementation. The good news is that Africa’s urbanization is yet to occur, and there is still time to get it right. With Africa less than halfway through the urbanization process, countries still have time to get “ahead of the urbanization curve” and get the best out of its benefits. While urbanization can provide a lift to national economies, it can also present many infrastructure and humanitarian challenges. The advent of slums is a shared concern of rapid urban growth. According to the World Health Organization, sub-Saharan Africa’s urban slum population will double to 400 million by 2020 unless governments take decisive action. In sub-Saharan Africa, where only 32.8 percent of the population resides in cities, 72 percent of urban residents live in slums. Only 54 percent of Africa’s urban population has access to sanitation, and the percentage of urban Africans with clean drinking water actually decayed - from 86 percent to 85 percent - between 2005 and 2010. When urban populations grow speedily, it can be problematic or dreadful for governments and private enterprises to create a satisfactory number of jobs. This forces many people to work in the informal sector, which usually pays much less. In order to address the challenges of urbanization facing many African cities, some key reforms should be followed by governments. These include (i) upgrading informal settlements through the provision of integrated infrastructures and services that target the marginalized groups, including the poor, youth, women and elderly people. In addition, governments should act proactively to safeguard orderly urban development by defining and implementing clear urban development strategies; (ii) summoning urban financing from local and foreign investors. These resources should be proficiently and adequately allocated between central and local governments’ urban projects and should encourage strengthening the role of municipalities; (iii) improving human capital through equal access to education and healthcare services and facilities for all categories of citizens in order to meet labor market needs; (iv) divergence of economic activities through the formation of new economic hubs concerned with high sustainable and value-added production and exportation. These reforms should be comprehensive to ensure that all categories of citizens, regardless of their age, race, gender, ethnicity, or socio-economic conditions, have equal access to adequate housing, basic infrastructure and services and equal job opportunities. Africa’s Unimaginable Growth and Change Watching the striking growth of towns and cities across Africa, and it is often taken for granted that a great process of urbanization - whereby a mounting proportion of the population live in reputable settlements as opposed to rural areas - is happening across the continent. MONDAY | MARCH 02, 2015
  • 7. TRAVEL&tourism 07 Sky Diving. The tour is incomplete without experiencing the thrill of walking with the king of jungle- a unique adventure activity called, “Walk with the Lions” at the Casela Nature & Leisure Park, which is also, home to more than 140 varieties of birds from five different continents. Also the zip-line ride is a thrilling experience in which people are allowed to fly over from one spot to the other, through a network of zip-line cables. It is an interesting way to discover the waterfalls, forest and landscapes of Mauritius. We also have a number of 18-hole championship or international standard golf courses. Be it a destination wedding or a perfect honeymoon destination; Mauritius fits in perfectly in both the categories. Weddings are well catered with a choice of beautiful backdrops including plantation-style homes, pristine beaches and jagged volcanic mountain ranges. There are fabulous choices of luxury hotels and resorts for people to enjoy pre and post- wedding pampering activities or just a relaxed sunset cocktail in Paradise. Mauritius is perfect destination for an exotic moment of togetherness. It has a plethora of local and international gastronomical delights for every taste bud. Mauritius has the combination of flavors nurtured through its people of different cultural heritages and cooking traditions. Indulge your palate to an array of wonderful local and international cuisines that include English, Indian, Creole, French, Chinese, African, etc. Most dishes generally have an extensive yet subtle use of spices such as saffron, cardamom, cloves and many different herbs. Tourists can enjoy a large selection of gateaux’s similar to the ones found in France as well as some wonderful Indian sweets. Mauritius also is proud to claim our local beer, Phoenix, to be one of the best in the world and the world renowned Green Island Rum. The island also offers a vibrant night-life with casinos or the Sega dances / cultural events organized in the hotels. Watch Sega, which is national dance and musical form of Mauritius. Introduced by African slaves during the French colonial period, the Sega is an exotic dance to watch and enjoy Mauritius nightlife. The region of Grand Baieand Flic- en-Flac on the West coast region has some of the most popular pubs, clubs, bars and is a paradise for nightlife lovers. The island is loaded with historic sites, cultural diversity, geographic variation and almost limitless activities to distract you from the daily grind of beach and pool. Mauritius enjoys a relatively mild climate. Visit Mauritius where you will have your dreams fulfilled. M auritius is a fascinating world-in- one island slice of paradise. Its very name conjures up images of tropical luxury and stupendous extravagance. This delightful holiday destination offers a wide array of opportunities and services niche segments such as the organization of international events, high profile Weddings, Honeymoon, Spa resorts offering high quality accommodation/services within a highly distinctive well-being package. Mauritius offers wonderful clean beaches, brilliant coral reefs, attractive multicolored aquatic species, tropical weather and serene atmosphere. Snorkeling, Scuba Diving, Deep- Sea Fishing, Kayaking, Submarine ride, Sub- scooter ride, there is a sport for almost everyone. One should definitely opt for Under Sea walk - an unusual activity where one can actually walk on the seabed with the weighed foot or opt for world's first Underwater Sub- Scooters. Experience the thrills of Dolphins swimming with you; visit Tamarin Bay, the most famous surf site in on our western coast. The country has a diversified range of adventures land sports which includes Quad Biking, Para-sailing, mountain biking or MauritiusA True Holiday Destination  The island was formed as an outcome of volcanic activity in the Indian Ocean, millions of years ago.  Dodo, the national bird of Mauritius is an extinct species of a flightless bird which was a resident of this island, centuries ago. Dodos were found only on this island and nowhere else in the world.  There are no wild animals on this islands and even the species of snakes found here are not toxic in the nature.  The coral reef around the island aids to keep the ocean water temperature lower than that in the high seas and guards the tourists from attacks by sharks, jellyfish and other aquatic animals. INTERESTING FACTS mONDAY | MARCH 02, 2015
  • 8. TALKINGTECHNOLOGY08 I ntroducing the ‘Do-It-Yourself’ Backyard Poultry (BYP) - Sahyadri Industries Ltd. takes a novel, giant and revolutionary step forward to make the women in the house become Self-reliant by earning a good sum every month, from the revenue earned from poultry. At the same time,it provides better health to the chickens and hygiene for the family and environment. your house with a portable housing that works better for you, chickens and the environment around your house. Moreover it comes to you in a ‘Do-It-Yourself’ kit that is easy to install with the help of couple of family members. Swastik Kukdookoo brings an opportunity to make women financially Self-reliant; an additional income for the family and at the same time healthy hygienic self- consumption. Plus points with Swastik Kukdookoo BYP » Reliable income-generation alternative » Steady source of income » Reasonable Investment, Better Returns » Feeds available from nearby locations » All weather-resistant structure » House can be used as a Storage unit » Durable and Long Lasting for Years Benefits with Swastik Kukdokoo BYP » Healthy self consumption » High nutritional value » Safety from predators » Droppings can be easily collected from the shed for manure /fertilizer use » Increased Protein Intake – Deficiency is the common phenomenon in the diet of rural people as » their diets are predominantly based on cereals containing high energy but low protein About Sahyadri Industries Ltd. Sahyadri Industries Ltd. - a group that commenced 60 years back, now boasts of infrastructural capacities that can meet a colossal demand of supply across the globe at any given time. An ISO 9001- 2008 certified and BSE registered Company, Sahyadri is consistently reaching newer markets and dynamically growing in size and strength. In a six decade journey, the company has brought to the fore, a plethora of products across different verticals: Roofing - Swastik, Flat Sheets for all weathers and mezzanine floor applications - Cemply, Interior and Exterior Building products - Ecopro, Security enabled Main Doors - Entasafe, Pre- Engineered / Hybrid building solutions and Production for non-conventional energy. SAHYADRI INDUSTRIES LTD. Registered Office: Swastik House, 39/D, Gultekdi, J.N. Marg, Pune - 411037, Maharashtra, INDIA. Tel: +91 20 2644 4625/26/27 Fax: +91 20 2644 4624, 2645 8888 Email: info@silworld.in Website: www.silworld.in CIN No.: L26956PN1994PLC078941 Sizes Particulars Range – No. of Birds can be accommodated 4'x 4' G+1 G+2 G+1 = approx 30-40 chicks G + 2 = Approx 60-70 chicks 6' x 4' G+1 G+2 G+1 = approx 60-70 chicks G + 2 = Approx 80-90 chicks 8' x 4' G+1 G+2 G+1 = approx 80-90 chicks G + 2 = Approx 120-130chicks Start a Healthy Wealthy Poultry Business MONDAY | MARCH 02, 2015
  • 9. TRYSOMETHINGNEW 09 upcoming The only thing in life that does not change is change itself. THOUGHT OF THE WEEK International Congress of I3SAW It is organized by the International Society of Sport Sciences in the Arab World. The conference will cover areas like Sport History, Sport, Management and Tourism, Sport, Culture and Society. Date: 02-05 Mar 2015 Venue: Institute of Physical Education and Sports University of Sciences and Technology, Oran, Algeria IBM Systems Technical Symposium It is organized by the IBM. The conference will cover areas like Ibm Systems Technical Symposium to Ramp up Quickly on Smarter Computing Implementation, to Gain an In-depth Look at the Latest Innovations from Ibm Systems, to Learn about Recent Product Announcements, and the Chance to Swap Insights with Colleagues and Learn from the Experts. Date: 03-05 Mar 2015 Venue: Renaissance Cairo Mirage City Hotel, Cairo, Egypt Addis Student Fair The Addis Student Fair with its fascinating spread of educational services, training services, advanced study opportunities and other educational opportunities is a well acclaimed educational event that is solely dedicated to students and aims to promote education and development of students from the academic front. The event stands equally important for all exhibitors as it provides them with a vast and extensive educational market to promote and launch their products and services and reach out to a wide variety of students. Date: 02-03 Mar 2015 Venue: Harmony Hotel, Addis Ababa, Ethiopia Africa Model United Nations Conference It is organized by the United Nations Foundation. The conference will cover areas like following up from Last Year’s Inaugural Conference Themed “balancing the Role of Africa in the Un”, This Year’s Conference Will Offer You a Chance to Analyze, Discuss and Device Solutions to the Most Critical Issues Africa Faces Today. Date: 05-08 Mar 2015 Venue: The African Union Headquarters, Addis Ababa, Ethiopia Health Informatics in Africa Conference HELINA 2015 is hosted by the Ghana Health Informatics Association (GHIA) this year. HELINA, the Pan African Health Informatics Association, is the African Region of the International Medical Informatics Association (IMIA). Date: 07-11 Mar 2015 Venue: University of Ghana, Accra, Ghana The Prime Minister, Shri Narendra Modi meeting the Foreign Minister of Bahrain, Shaikh Khalid Bin Mohamed Al Khalifa, in New Delhi on February 23, 2015.  picture of the week Spicy African Peanut Soup 1. Could you lend me an iron? Vous pourriez me prêter un fer à repasser? 2. How's your family? Comment va votre famille? Handy French Ingredients • 3 cups stock or 3 cups water • 2 slices fresh ginger • 1 sweet potato, peeled and chopped • 2 carrots, chopped • 1 yellow pepper, chopped • 1/2 teaspoon cayenne or 2 fresh chili peppers • 1 tablespoon oil • 2 onions, chopped • 3 green onions, chopped • 1 tablespoon brown sugar • 1/2 cup peanut butter • 1 cup tomato juice • 2 garlic cloves, chopped • Salt and pepper Directions • Heat the oil in a large saucepan over high heat. • Add pepper, ginger, carrots, garlic, onions and cayenne or chilies. • Cook for 2 minutes, then add potato and stock. • Bring to the boil and simmer 10 minutes. • Transfer the vegetables to a food processor and purée until smooth. • Return the purée to the saucepan and stir in peanut butter and tomato juice or mash the vegetables in the saucepan until slightly lumpy. • Add sugar, salt and pepper. • Serve sprinkled with green onions. 1. Helps Promote Fertility (Folate) Peanuts contain a good amount of folate. Repeated studies have shown that women who had a daily intake of 400 micrograms of folic acid before and during early pregnancy reduced their risk of having a baby born with a serious neural tube defect by up to 70%. 2. Aids in Blood Sugar Regulation (Manganese) One fourth cup of peanuts can supply the body with 35% of the DV of manganese, a mineral which plays a role in fat and carbohydrate metabolism, calcium absorption, and blood sugar regulation. 3. Helps Prevent Gallstones It may come as a surprise that peanuts can help prevent gallstones. But 20 years of studies have shown that eating 1 ounce of nuts, peanuts or Health Benefits of Peanuts Also known as ground nuts, peanuts, along with beans and peas are members of the legume family which are the best sources of protein in the plant kingdom. Peanuts are found in a wide variety of products. They can be eaten salted, dry roasted, boiled and even raw. They can be found in peanut brittle, peanut butter and candy bars and is often a major ingredient in mixed nuts. peanut butter a week lowers the risk of developing gallstones by 25%. 4. Helps Fight Depression Peanuts are good sources of tryptophan, an essential amino acid which is important for the production of serotonin, one of the key brain chemicals involved in mood regulation. When depression occurs, a decreased amount of serotonin may be released from the nerve cells in the brain. Tryptophan may raise serotonin’s antidepressant effects when there is an increased amount of serotonin in the blood. 5. Boosts Memory Power (Vitamin B3) Do you know what can be found in peanuts that gave them the “brain food” tag? This is due to their vitamin B3 or niacin content whose many health benefits include normal brain functioning and boosting memory power. 6. Helps Lower Cholesterol Levels (Copper) The same nutrient which gives peanuts their memory enhancing power also helps lower and control cholesterol levels. Added to that is their copper contents which aids in reducing bad cholesterol and increase good cholesterol levels. 7. Lowers Risk of Heart Disease Numerous studies have shown that regular nuts consumption is linked to reduced risk of heart disease. Peanuts are rich in heart- friendly 3. I can't believe it. Je ne peux pas le croire. 4. Where do you work? Où travaillez-vous? 5. Are you on Facebook? Êtes-vous sur Facebook? 6. Talk to you later. On se parle plus tard. South Africa has the 2nd oldest film industry in the world. monounsaturated fats and antioxidants such as oleic acid. Reach for a handful of peanuts and other nuts at least four times a week to reduce your risk of cardiovascular and coronary heart disease. 8. Protects Against Age-related Cognitive Decline (Vitamin B2) Study participants have shown that those who have an intake of the most niacin-rich foods like peanuts were 70% less likely to have developed Alzheimer’s disease. A quarter cup a day of peanuts can already supply almost aquarter of the daily needed value for niacin. mONDAY | MARCH 02, 2015
  • 10. THEFASHIONISTAS10 Minister Ike announces 2nd album titled Onyame Gya Joyce Blessing Wins Award Teta returns with a new hit Miss Earth Rwanda 2015 auditions start next month There is definitely some power in God’s fire and multiple awards winnerMinisterIkeisbackagainto demonstrate it with his new album titled “Onyame Gya”. Minister Ike latest's release is distributed by Shepherd music production. His first single from the album, Joyce Blessing has won the DJ Song of the Year Award at the third edition of the Ghana DJ Awards held on February 21 at the Accra International Conference Centre (AICC) in Accra. The Ghana DJ Awards, which is one of the biggest events in the entertainment calendar in Ghana, was organised by Mercury Republic Events to reward hardworking radio and mobile DJs who have contributed immensely to the growth of the entertainment industry in Ghana. The celebrated gospel music Even if you’ve never been a fan of Diana Teta’s music, her latest hit will pull your heart strings. The Gakondo group member, who was recently in Sweden, has returned with a club banger titled, Tanga agatego. The song was recorded in Sweden by producer Ben Joe. “The song has a great message dedicated to music fans. The song is based on social issues - money T he Miss Rwanda 2015 edition may have concluded, but the world of beauty pageants still has more to offer. The first edition for the Miss Earth Rwanda 2015, (MER), search will take place early next month. Saida Bahati, the Managing Director of Chichi Media group, one of the organisers of the pageant, said contestants will be selected through an audition process that will be carried out in 30 districts of the country. The pageant will feature contestants, aged between 18 and 25 years. They must be 55kgs, high school graduates, not pregnant and never given birth before. After the auditions, only 30 girls will be selected to go to the boot camp for eight weeks, where they will be trained on cultural values, public speaking and the environment. There will be weekly eliminations where the public will vote by SMS and online, which will leave 15 girls to compete at the finale in July. The pageant is a franchise of the World Miss Earth and its aim is to raise awareness on the issues of environmental degradation, global warming as well as climate change. “We are looking for a girl to be an ambassador for the nature and culture of Rwanda. This is a good platform for the girls to get exposure and experience,” said Bahati. Categories The contestants will compete in the categories of, Miss Earth, Miss Fire, Miss Water and Miss Air. The winner will receive a brand new car, cash prizes of $US1000 and will participate in all Miss Earth activities. She will also represent Rwanda at the Miss Earth 2015 in Philippines, in November. New Times Advertisement please email to ads@indoafricatimes.com or call at +91 8595166674 +91 9350564995 To book your Onyame Gya,is currently playing and ruling the online sector, radio and TV will follow up intensively soon. With the “Onyame Gya” album, Minister Ike has created something to God's glory and bless people. Minister Ike further goes on to say that Every song has a story and came from a place of abiding in Him, a place of loving the Lord and worshiping Him. The 12-track CD is executively produced by Minister Ike featuring Anointed Queens singers. The album leads with 'Onyame Gya', an inspirational track with a message of fire of God to attack our enemies in both spiritual and physical. The George Forest produced ‘Onyame Gya’ track arrived just in time for the hardships people are facing in Ghana and the world. “Onyame Gya” means the Fire Of God, the fire of God to burn enemies who are fighting against our progress, work, family, family, finances and marriage issues”, he said. This album also promotes an intimate time with God. The first released song from the album; This album is for real people who are going through real stuff he encourages people to buy and listen to “Onyame Gya (God’s Fire)” because it will encourage them to pray because this song is a prayerful which will bring break through. Minister Ike has won twelve awards with his first album titled “Me Nyame A Ne Wo”. He is also a regular contributor gospel music in Ghana, Europe, Canada and USA. Minister Ike has travelled around the world for singing in churches and doing big shows to spread the testimony of how Jesus Christ has saved his life. He has performed with renowned gospel musicians such as Kwaku Gyasi, Christiana Love, Esther Amoako, Diana Asamoah, OJ and many more. Minister Ike will embark on a tour alongside some top gospel musicians soon to promote the album. Modern Ghana and jobless men,” she said. Teta said the video will be shot in Rwanda to give it an African context. During her trip to Europe, the singer held a concert in Belgium that featured several Rwandan musicians living in Europe. The 21-year-old started recording music in 2009 after emerging among the top three in a local singing competition that was organised by a German group. She was thereafter given a recording opportunity and recorded two songs. The Call Me singer also auditioned for the Tusker Project Fame in 2012 but she was eliminated in the first round, which inspired her to join the music industry. New Times icon, who took home the award, beat icons such as Stonebwoy, Sarkodie, Daddy Lumba, D Black and Yaa Pono to grab the award. In 2013, the award-winning gospel musician grabbed five awards including the Gospel Artiste of the Year Award at the Ghana Gospel Industry Awards (GGIA). Joyce Blessing disclosed that after her seven weeks performance tour in the UK, 'I have been receiving constant calls from my fans and music lovers to remix my award-winning hit song, 'Monko Mo Akyi .' 'I thank God for how far He has brought me, my management, Media Excel Productions, and all DJs who played my songs making it win this category. I thank my fans, everybody and management team for encouraging, and supporting me from the beginning to date,' she said. In a chat, her producer and manager, Ernest Ennin, told BEATWAVES that Joyce truly deserves the award because she has played a very important role in the development and promotion of Ghanaian gospel music. Modern Ghana MONDAY | MARCH 02, 2015
  • 11. SPORTS2WATCH 11 T eam Rwanda Cycling was crowned the best African team at the 10th edition of the La Tropicale Amissa Bongo Tour in Gabon. The Rwandan riders emerged number one ahead of African giants like Eritrea, Morocco, South Africa, Algeria as well as hosts Gabon, Burkina Faso, Cameroon and Ivory Coast. Team Rwanda finished third in the general classification behind two professional teams, winners Skydive Dubai from the United Arab Emirates and Team Europcar from France. “We are very excited about being the best African team. From the organizers to the teams and fans here in Gabon, everyone is awed by our performance. This is a very big achievement for Rwandan cycling and we are glad we could rewrite history for our Team Rwanda win best African team slot Rwanda enters two teams for continental events Ghana winger Albert Adomah rediscovers scoring touch for Middlesbrough country,” explained the excited coach Felix Sempoma. Sempoma further mentioned that, “We were competing against very tough teams and to think that we finished above four professional teams from Europe is a very big achievement for us.” Team Rwanda also finished above Bretagne Séché- Environment (France), Bike Aid (Germany), Roth-Skoda (Switzerland) and Wanty-Groupe Gobert (Belgium). Meanwhile, 22-year-old Uwizeyimana emerged as the best U-23 rider after registering 23:05:17 to finish ahead of Morocco’s Eddine Salah Mraouni who got 23:05:55 with Eritrea’s Elias Afewerki coming in 3rd position after clocking 23:06:00. Uwizeyimana also finished sixth in the general classification. New Times For the first time in the history of Rwandan cycling, two teams will compete at two concurrent events on the UCI Africa Tour which are the prestigious Tour of Algeria and Tour of Cameroon next month. Team Karisimbi including reigning Tour du Rwanda winner Valens Ndayisenga, national team captain Janvier Hadi, Jean Bosco Nsengimana, Bonaventure Uwizeyimana, Joseph Biziyaremye and upcoming rider Jeremie Karegeya will compete at the Tour of Algeria from March 6-30 in a bid to earn points for qualification to the Rio 2016 Olympic Games in Brazil. The other team will comprise of youngster Patrick Byukusenge, his older brother Nathan Byukusenge, veteran Abraham Ruhumuriza, Hakuzimana, Emile Bintunimana and Jean Claude Uwizeye will be competing in the Tour of Cameroon Ghana winger Albert Adomah has rediscovered his scoring form for English side Middlesbrough after playing 20 matches without scoring for the Championship club. The 27-year-old scored his first goal since October to secure a 1-0 Sky Bet Championship victory over Bolton at the Riverside Stadium. The winger had gone 20 games without scoring, but showed no signs of nerves as he slotted a calm finish past Amos. The Ghanaian is played behind strikers last season which from March 13-22. Coach Felix Sempoma, who will be in charge of the team in Cameroon, revealed that Rwanda is capable of winning this event considering the strong side that will be fielded. “In Patrick Byukusenge, we have a very strong and experienced youngriderwhowecanprotectifhe gets the yellow jersey. Abraham and Nathan are very experienced riders who know what to do at this level and will bring massive knowledge to Cameroon,” explained Sempoma. resulted in goals, says the change in position might have affected his scoring form Adomah told the Evening Gazette: “I have played in a very different role this season, but it has definitely, definitely developed me as a player. Middlesbrough kept up the pressure on Sky Bet Championship leaders Derby as they ground out a scratchy 1-0 victory over Bolton. Albert Adomah's first-half strike was enough to secure the Teessiders their first win in three Team Rwanda Cycling head of marketing and logistics Kimberly Coats, who is also the team manager explained that this is a very big achievement for the young riders like Bintunimana, Uwizeye and Karegeya to gain exposure and experience that comes with competing at many continental tournaments. The last time Team Rwanda competed at the Tour of Algeria was in 2012. This year’s Tour of Algeria will comprise of stages including Circuit International d’Alger, Tour Internationale d’Oraine, Grand Prix delaVilled’Oran,TourInternational de Blida, Criterium International de Setif, Tour International de Setif, Tour Internationale de d’Annaba, Tour International de Constantine, Circuit Internationale de Constantine and Criterium International de Blida. New Times matches,andensuretheyremained in an automatic promotion place despite their slight recent wobble. Tomlin was the architect again, threading a delightful ball between Dervite and David Wheater to release Adomah through the middle. Modern Ghana mONDAY | MARCH 02, 2015
  • 12. What was the idea behind the African Construction and totally Concrete Expos? This is the only forum in the continent where diverse groups of leaders and professionals from both the public and private sector can find take-home solutions to address the growing needs, opportunities and challenges in the African construction and concrete sectors. This is also the only concrete focused forum for the continent. We have over 40 countries represented and are able to present a truly pan-African picture and allow groups of people who don’t normally engage to do so, from concrete technologist to consulting engineer; from investor, Minister to financier. We’ve also managed to secure the worlds’ best experts to present on the various topics – people that you will not see ordinarily at forums such as this How do you think such events will help boost Construction sector in Africa? The World Population Bureau estimates that the population of Africa will rise from 1.1 billion in 2013 to 2.4 billion in 2050. What this means is, that most of the continent’s economies will have to double in size in the next 36 years. If that is to happen, Africa’s infrastructure assets, including all of its residential, industrial and commercial buildings and power, transport and sanitation systems, will have to double in size. In other words Africa will have to be built again in a single generation! This will require unthinkable amounts of materials, planning, skills and manpower to accomplish such a momentous task. And, for this reason, infrastructure investment is providing the platform for the strong economic growth trends that will pave the way for businesses, to explore a number of exciting commercial and business development opportunities in Africa’s construction sector. No single country, community or sector can do this alone – we need to collaborate and work together – forums like this will be key segways for the industry. In the ever competitive world, what is the driving force behind Hypenica? Firstly we believe in partnerships – our approach has enabled us to build meaningful and deep relationships with role-players across the continent and have a good understanding of the issues and drivers in our sector. Secondly Innovation, innovation and more innovation! This is not only a concept that we believe in, but is one of our internal values. For the African Construction and Totally Concrete Expo’s we’ve looked at how we can be more innovative in the topics themselves as well as how we present the content – which I must say is incredibly exciting for 2015. Delegates will be treated to a phenomenal experience at the show with the addition of exciting ways in which we present content like Pecha Kucha’s; Ignite Sessions; a by invitation only Leadership Forum; Women in Construction Awards; Debates; Town Hall meetings. PLUS we have 100’s of experts presenting! Do you think the African continent needs to market itself in a better way on a global scale? Absolutely. Our continent has an amazing level of skill, experience and talent and we don’t show this off enough! We should be are proud of that which makes this continent great and celebrate our successes more. Hypenica is thrilled to be including an entire panel about this very topic during our keynote on 13 May which will showcase the amazing technology that we’ve given birth to locally and exported and look at how some of this innovation can be transferred and utilized in the construction sector! Toby Shabshank editor of Stuff magazine and TedX speaker will be moderating this panel! Hypenica aims at ‘Sharing knowledge, Connecting People, Identifying Opportunities’. How true do you think these lines hold true in context to Africa? We believe and stand by the proverb, “If you want to go fast, go alone, if you want to go far, go together” – this is an African proverb so holds very true in the African context. What message would you like to pass on to our readers? We’d love to have your readers join us in Johannesburg this May – we’d like to challenge and refresh their thinking with tangible and meaningful take-homes to take back to the office! With growing population, creating new and stable infrastructure is the need of the hour. Construction sector is on the rise around the world, with a number of ambitious projects and organizations being launched in the continent of Africa as well. The Indo-Africa Times in an exclusive interview with, Ms Devi Paulsen-Abbott, CEO, Hypenica talks about the need for promoting construction sector in Africa. She also talks about the African Construction Expo, a flagship event to showcase, experience and learn about the latest building and construction methods, products, tools and technologies. The only concrete focused forum for the continent 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 Ms. Devi Paulsen-Abbott CEO, Hypenica  MONDAY | MARCH 02, 2015