SlideShare a Scribd company logo
www.indoafricatimes.com
MONDAY | JUNE 23, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 24 • Page 12 • Price `10
pg 10
pg 04
pg 07
pg 02
Continued to page 03
pg 03
Addis Ababa - Madrid,
3 times weekly by
Ethiopian Airlines
June 23-25, 2014
International Exhibition & Confrence
A
frica is a matchless continent. The fact that agriculture is
identified as the lifeblood of Africa, this sector utilizes 65
percent of Africa’s labor force and scores for 32 percent
of Gross Domestic Product (GDP).
Africa is and will stay as a fundamental development driver
for the African continent. No doubt, Africa has the potency to
become a food exporter through a mixture of state-of-the-
technology, enhanced infrastructure and superior technical
training.
Realizing the importance of this sector, Radeecal
Communications in an endeavor to bring the Government,
entrepreneurs and institutions from India and Africa is
organizing the Agritec Africa Exhibition and Conference which
will held at Kenyatta International Center, Nairobi, Kenya during
June 23-25, 2014. Africa has huge potential for Agricultural
Get Ready for
Agritec Africa
in Kenya
A business
environment
in constant
improvement:
BURUNDI
Travel
adventures
in Rainbow
Nation:
South Africa
I'll forever
remain
NDC – Mr.
Beautiful
Miss Seychelles
2014 Camilla
Estico receives
words of
encouragement
Wassupafrica02
European Bank seeks to
finance Zimbabwe business
T
he European Investment
Bank said it was considering
funding private businesses in
Zimbabwe despite Harare's $300
million debt to the institution.
"We are here to explore the
possibilities to reengage activities
in Zimbabwe. We see possibilities
with the private sector," said
Diederick Zambon, who heads the
Miss Seychelles 2014 Camilla Estico
receives words of encouragement
Miss Seychelles... another world
2014, Camilla Estico is passionately
living to her aspired vision of the
Seychelles new beauty queen.
With Miss World beauty
pageant coming up in December
2014, Camilla Estico is saying
with conviction that she is not just
going out there to win but to make
Seychelles proud.
As she seriously moves on with
her preparation for Miss World,
she can only keep her head high up
with the support of people around
her who believe she is blessed with
the quality to make a difference
in Miss World 2014 and fly the
Seychelles flag high.
One of Seychelles key figures
who believes in her success is Alain
St.Ange, the Seychelles Minister
for Tourism and Culture. Camilla
Estico accompanied by Sherin
Naiken, the Chief Executive Officer
of the Seychelles Tourism Board,
paid a courtesy call on Minister
St.Ange.
The Seychelles Tourism
Minister St Ange wishes Camilla all
the best of luck in her preparations
for Miss World. He showered her
with words of advice and cautions.
“Be Mellow and Confident. It will
help you to reach to new heights in
the coming world beauty pageant.
You have a good chance to pull
something out of this pageant and
shock not only Seychelles, but the
world at large. At the end of the day,
you are a winner already because
you are participating with the best
in the world’’ said Minister St.Ange
to Camilla Estico
Minister St Ange spoke of the
Miss Seychelles.... another world
pageant as another platform for
putting the Seychelles cultural
diversity in the forefront.
“When Seychelles Tourism
Board launched Miss Seychelles...
another world pageant, we wanted
to remove the commercial side to
the beauty pageant. Our goal was to
put our people’s diversity of culture
in the forefront’’ the Minister said
For Miss Seychelles... another
world 2014, Camilla Estico, her
preparation for Miss World is “on a
good start” and as she rightly puts
it she is “looking forward to the
journey ahead’.
“Lots of hard work and
determination is required of me
throughout the year. Minister
St.Ange gave me good and a very
motivating advice. I am sure it will
play positively in my preparations
for Miss World" Camilla Estico,
Miss Seychelles… another world
2014 said.
Eturbo News
Statement from the South African
Department of Home Affairs
There has been a lot of consternation
regarding new regulations promulgated
by the South African Department of
Home Affairs regarding the need for
children travelling with adults to be in
possession of original unabridged birth
certificates.
SATSA has been actively engaging
with our new Minister of Tourism
Derek Hanekom, who in turn has
been in discussions with his cabinet
colleagues. It is with some sense of
relief that the Department of Home
Affairs issued a statement last night
that the regulations will now only
become effective from 1 October
2014. Please see the Department of
Home Affairs website here.
"I would like to assure members
that SATSA will continue to oppose
draconian legislation that impedes
the tourism potential to South Africa,"
says SATSA CEO David Frost. "As
an organisation we support the
need for proper regulations with
respect to incoming tourism, but the
heavy-handed and non-consultative
approach exhibited by the Department
of Home Affairs is to be strongly
countered."
Frost furthers: "This extends to the
imposition of biometric visa requiring
applicants to appear in person,
which will severely impact growing
markets such as India and China.
Furthermore, we will work with our
fellow associations BASA, ASATSA
and Fair Trade in Tourism, through
the auspices of the Tourism Business
Council of South Africa (TBCSA), and
our Ministry of Tourism, to seek a
more structured engagement with the
Department of Home Affairs, where
we can assert a tourism agenda in
these deliberations."
Eturbo News
To book your
Advertisement
please email to
ads@indoafricatimes.com
or call at
+91 8130796166
+91 9310572255
banks division for southern Africa
and Indian Ocean.
He told journalists that the
private sector was "the backbone
of the economy" and crucial to
the further development of the
country. The loan facilities will
be channeled to small business
enterprises including in the
agriculture, manufacturing, water
and telecommunications sectors.
ZambonstatedthatZimbabwe's
arrears to the EIB are over $300
million (220 million euros) and
that his team would meet with the
country's finance minister as well
as central bank officials over the
debt.
"At the same time we are here to
discuss the problem of the arrears
and to try to find a positive way
forward," he said. Zimbabwe is
battling to rebuild the economy
battered by years of political
turmoil that saw the seizure of
white-owned farms.
The European Union imposed
travel bans and asset freezes on
long-ruling President Robert
Mugabe, his inner circle and linked
companies, following elections in
2002 which western observers said
were rigged to hand him victory.
The EU lifted most of its
sanctions last year but an asset
freeze and travel ban remains for
the veteran leader.
After winning elections last
year Mugabe called for the EU to
boost ties with Zimbabwe and the
removal of sanctions. The EU and
United States rejected the recent
vote on grounds that the polls were
not credible.
Modern Ghana
Camilla Estico,
Miss Seychelles 2014

MONDAY | JUNE 23, 2014
Wassupafrica 03
FROM PAGE 01
growth, thanks to ample amount
of Land and Water Resources. Yet,
land and agricultural productivity
are found to be one of the lowest
in the world in Africa, Agriculture
employs 65% labour force.
Agriculture sector accounts for
32% of GDP of Africa.
Africa requires attention on
three core areas for Higher and
Sustained growth: facilitating
agricultural markets and
trade, improving agricultural
productivity, investing in public
infrastructure for Agricultural
Growth.
The economy of Kenya is
the largest by GDP in East and
Central Africa. Agriculture is a
major employer and the country
traditionally exports tea coffee
and most recently fresh flowers to
the Europe. The service industry is
a major economic driver. Kenya's
monsoon seasons start during
April to June, after which 'short
rains’ season occurs till November.
Currently Kenya is aiming to
create a globally competitive and
prosperous nation with a high
quality of life by 'Vision 2030'.
The vision is anchored on three
'My Culture
Rocks' Street
Carnival to
hit Accra on
June 28
The Ministry of Tourism, Culture
and Creative Arts is set to host this
year's edition of the Accra Street
Carnival on June 28-29, 2014.
The event, dubbed 'My Culture
Rocks' is aimed at diversifying the
country's tourism, cultural and
creative arts products and use the
event as a tool to create employment
and income opportunities for
Ghanaians.
The Ministry further seeks to use
the event as an incubator for creative
industries, skills development and
providing individuals with creative
opportunities that they might
not otherwise have previously
considered.
The 2014 carnival, which is
anticipated to involve all the 32
participating nations in the 2014
FIFA World Cup in Brazil, is projected
to attract over 5000 participants
from within Ghana and the Diaspora.
The event would commence
with the congregation of participants
at the Nima Cluster of Schools, from
where there would be a procession
through the Ring Road, Osu Oxford
Street and finally converging at the
Black Star Square, where giant
screens would be mounted for
soccer fans participating in the
carnival to have the opportunity to
watch the live matches of the World
Cup soccer fiesta for the two days,
amidst fanfare.
Patrons and commuters alike
are assured of enough security
arrangements that have been put in
place to ensure a smooth carnival,
so that the event does not unduly
interfere with pedestrian and
vehicular movements.
This year's street carnival is
undoubtedly going to be the biggest
yet. There has been huge interest
from the corporate world and
many media houses to ensure the
sustainability of the carnival.
Street carnivals over the years
have been organized by many
developed and developing countries
as central component of the wider
regeneration of urban areas; since
the event provides a platform for
regeneration of municipalities,
social, cultural, human and
intellectual capital and also
generate support for local economic
development.
It is worth-mentioning that a
carnival teaser organized by the
Ministry in September 2012 was
followed with the maiden event in
June, 2013.
It is one of the many cultural
events the Ministry is using to
increase the attractiveness of the
country for tourism and potential
investors.
Modern Ghana
as third leading exporter of fresh
produce, such as cabbage, onions
and mangoes. Small farms grow
most of the com and also produce
potatoes, beans and peas.
The Agriculture Sector in
Kenya is very influenced by
externalities, including weather
conditions and global economic
and financial developments.
The significance of the Kenyan
agricultural sector is reflected in
numerous national strategies and
policies.
Government of Kenya
currently implementing Strategy
for Revitalizing Agriculture (SRA)
with the intention to "Transform
Kenya's Agriculture into
profitable, commercially oriented
and internationally and regionally
competitive economic activity
that provides high quality gainful
employment to Kenyans". The
Strategic areas included
1)	Streamlining Agricultural
policy Framework
2)	Creating an enabling
environment for the private
sector
3)	Improving delivery of support
services
4)	Promoting marketing, agro-
processing and trade
5)	Main streaming agriculture
development issues in other
sectors
6)	Strengthening institutional
implementation  monitoring
frameworks
The Exhibition is open for all
companies and organizations with
products or services related to the
following topics:
•	 Agri Ecology
•	Agricultural Building
Contractors
•	Agricultural Machinery 
Equipment
•	 Agro and Food Processing
•	 Aquaculture
•	 Biotechnology
•	 Fertilizers  Chemicals
•	 Floriculture
key pillars; economic, social and
political Governance.
Agriculture Sector contributed
24% in the total GOP of Kenya
in year 2011 -as per the Kenya
National Bureau of Statistics 2012.
Kenya's Agriculture Sector
directly influences overall
economic performance through
its contribution to GOP. Periods
of high economic growth rates
have been synonymous with
increased agricultural growth.
Several untapped crops cultivation
in Kenya which can effect African
economy - Tea, Coffee, Sugar,
Horticulture, floriculture, cotton,
Macadamia Nuts, etc.
Presence of RD centers,
Agricultural Infrastructure,
Agricultural University,
Government Support, Initiative of
NGOs and other associations have
made Kenya a unique choice for
such as International Exhibition on
Agriculture Technologies.
Although farming is the most
important economic sector in
Kenya, less than 8% of the land is
used for crop and feed production
and less than 20% is suitable for
cultivation. Kenya is a leading
producer of tea and coffee, as well
bring the number of the airline’s
international destinations across
five continents to 83. The flights
will provide the best connectivity
options between Spain and East
and Southern Africa.
Madrid,thepolitical,economic
and financial hub of Spain, is the
country’s biggest and Europe’s
the third largest city. It also
houses the headquarters of the
World Tourism Organization and
numerous major corporations.
We are very pleased to
announce to our esteemed
customers that Ethiopian
will start services to Madrid,
bringing the number of our
European destinations to ten.
The continued expansion of our
network in Europe will enable
our customers to enjoy wider
choice of connectivity options
when travelling between Europe
and Africa. Spain is a major tourist
originatinganddestinationcountry.
Our new route to Madrid will
create opportunities for further
strengthening the investment,
trade, and tourism ties between
Spain and 49 destinations in Africa
with convenient and seamless
connection through our main hub
in Addis Ababa., said Ethiopian
Airlines Group Chief Executive
Officer, Tewolde Gebremariam.
Passengers to and from Madrid
will enjoy convenient connections
to destinations in Ethiopian wide
route network such as Zanzibar,
Kilimanjaro, Dar es Salam, Nairobi,
Entebbe, Lusaka, Luanda and
Johannesburg.
Eturbo News
•	 Fork lift  Handling Equipment
•	 Greenhouses
•	 Horticulture
•	Irrigation and Water
Technologies
•	 Livestock  Dairy Farming
•	Marketing  Export / Import
Services
•	 Organic Agriculture
•	 Plant Protection
•	 Plasticulture
•	 Post-Harvest Treatment
•	 Poultry
•	 Precise Agriculture
•	 R  D
•	 Renewable Energy
•	 Development
•	Seeds, Nurseries  Plant
Propagation Materials
•	 Small Ruminants
•	 Software  Hardware
•	 Veterinary
•	Turnkey Projects  Knowledge
Transfer
This International conference
on agriculture and industry
presentations will be organized
during the event. This conference
will be based upon agriculture
industry, profession and fandom.
It will focus on versatility of
agricultural segment in different
zones, feature keynote speakers
and other key information and
activities of industry.
The organizers of Agritec
Africa, Radeecal Communications
specializes in conceptualizing,
planning, organizing/managing
IndustrySpecificevents,intandem
with various Associations and
Industry leaders. The objective
is to create a neutral platform
for the players of the Industry to
assemble under one roof, share
information and knowledge, both
technical and trade oriented,
understand the market dynamics
– existing and future (short term,
mid-term and in the long term)
and trash out the issues, and come
to conclusions that shall benefit
the Industry as a whole.
Addis Ababa - Madrid,
3 times weekly by Ethiopian
Airlines starting September 2
Ethiopian Airlines, the largest
airline in Africa, is pleased to
announce that it has finalized
preparations to start three
weekly services to Madrid, Spain
starting from 2 September 2014.
Ethiopian flights to Madrid will
be operated through Rome and will
mONDAY | JUNE 23, 2014
T
he attractiveness of Burundi
as a place to invest lies on the
improvement of the business
climate by the Government. The
efforts in improving the latter
are focused on increasing the
competitiveness of the economy
in order to enable the Burundian
Economy in order to take
advantage of the opportunities
offered by open markets.
Burundi is member of
economic communities CEPGL,
COMESA, EAC totaling more
than 20 countries and 450
million consumers. Since 2008,
the process is started for the
integration of these communities
into a single regional community,
(AEC) African Economic
Community.
Indeed, if the infrastructures
of transportation are developed
further, countries such as Rwanda
and Uganda will make the choice
of transiting their goods through
the port of Bujumbura for their
commercial exchanges with
Southern Africa via Tanganyika
Lake.
The same applies to the
exchanges between the east of the
Democratic Republic of Congo and
Congo and Eastern Africa, Burundi
could represent a strategic
position for foreign investors
wishing to invest in the region and
to enter neighboring markets.
Burundi’s integration to
several economic communities
such as EAC and COMESA. This
gives Companies established in
Burundi access to a wider market
larger than 450 million consumers.
•	Promising business sector;
•	 A country in full reconstruction;
•	The new investment coed
incentives;
•	Freedom of settlement and
investment;
•	Granting of visas, fixing and
moving residence to expatriates
required by investment freedom,
title to any person or entity,
without any discrimination
Capital Transfer:
Capital transfer advantages
include:
•	Free transfer of foreign capital
and income after payment of
taxes.
CountryoftheWeek04
Advertiser's Index
Eurekahomes ................................................................................	Page 01
Modern Agro Engineering Works .................................................. Page 02
Chadha Power ............................................................................... Page 02
SSP Pvt. Ltd ...................................................................................	Page 03
The Times of Africa ........................................................................	Page 05
Expo Group ....................................................................................	Page 07
JP Mukharjee .................................................................................	Page 08
Mill India Ltd. ..................................................................................	Page 10
Paranthaman ..................................................................................	Page 10
Laxmi Publications .........................................................................	Page 11
Prakash Amusement .....................................................................	Page 11
AITEC .............................................................................................	Page 12
•	Transfer of unused professional
income by foreign employees.
•	The transfer of capital
remuneration in the form of
dividends, in full for enterprises
with foreign capital:
•	 Protection of private property:
•	Non- nationalization and non-
expropriation of investments
implemented in its territory
as well as any measures of
equivalent scope.
Tax Advantages
All new investments are
automatically entitled to:
•	Waiving of mutation on the
acquisition of property rights
and land:
•	Deduction of 37% as tax credit
on the amount depreciable
invested good:
•	No refund to the fiscal
administration with disposed
assets that raised tax credit for a
period of five years:
•	Tax credit during the
implementation of investments
for new businesses or for the
extension of existing businesses:
•	Reduction of 2 and 5% in
the rate of tax credit on the
profits of companies that
BURUNDI
AT A GLANCE
Country Official Name:
Republic of Burundi
Head of the State: H.E Pierre
NKURUNZIZA
Capital: Bujumbura
Independence: The 1st of
July 1962
Religions: Roman Catholic
(62%),Indigenous (23%),
Islam(10%), Protestant(5%)
Government: Democratic
Total Area: 27 834 Km2
GDP: GDP per person: 350
USD ( average)
Inflation Rate: 5%
Population: 8 800 000
inhabitants
Languages: Kirundi (National
language), FRENCH and
ENGLISH
Climate: Tropical
Export Items: Coffee, tea,
manufactures
Natural Resources: Nickel,
cobalt, copper, platinum,
gold, tin, limestone ,etc
Currency: Burundi Franc, BIF
respectively employ between
50-200 employees and over 200
employees.
An Investment Promotion Agency
(API) entirely at your service
The IPA:
•	Has several high-qualified
bilingual French- English staff;
•	Assists investors in all steps:
drafting of statues, registration
of companies in Burundi,
obtaining tax identification,
compiling the file required to
access the investment code
incentives, obtaining work and
residence permits, etc.
Performance Requirements
and Incentives
Incentives include:
•	Exoneration of charges incurred
for acquisition of buildings and
land;
•	Cooperate tax credit equivalent
to 37% of the value of
depreciable goods invested for
any investment of at least BIF
100 million (app. 77,000 USD)
creating at least 10 permanent
jobs for Burundians in
Bujumbura, or any investment of
BIF 50 million(app. 38,500 USD)
creating 5 permanent jobs for
Burundians outside Bujumbura;
•	Raw materials and capital goods
rated at 0% during customs
clearance;
•	No payment of VAT (18%) on
imported investment goods
for any investment at least 500
million BIF;
•	Corporate tax reduction of
2% and 5% for companies
employing respectively between
50-200 employees, and more
than 200 employees.
Performance requirements or
incentives are applied fairly and
uniformly to both international
and domestic investors. To
encourage investment Burundi
applies investment incentives to
both international and domestic
companies in the form of income
tax deferrals, and exemption from
from import and export duties.
Burundi does not impose
conditions on permission to
invest, except for companies that
apply for special incentives, such
as specialized tax advantages
embedded in the investment code.
The government of Burundi does
not enforcement procedures on
companies, and investors are not
required to disclose propriety
information to the government
as part of the regular process.
Burundi does not impose any
discriminatory or excessively
onerous visa residence, or work
permit requirements that would
hinder a foreign investor’s
mobility, or discriminatory export
or import policies.
Free Zones
The regime gives legal status
to companies who automatically
qualify for a set of tax and customs
exemptions. The regime has the
distinction of being organized as
a legal unlimited geographical
area. Free zone companies are
divided by sector and are referred
to as free companies in the
industrial, commercial, services
or agricultural sectors. The main
criteria for eligibility are:
•	 The export of all production;
•	Creation of substantial added
value;
•	Compliance with environmental,
health and safety regulations;
•	The importation or re-export
after further processing or
packaging of imported products
can be based on a list established
by the minister responsible for
the free zones.
The main benefits of the free zones
are:
•	Full exemption from corporate
tax for the first ten years of
operation and payment of a
reduced rate of 15 % thereafter;
•	Tax exemption on dividends for
an unlimited period
•	Right to repatriate capital and
income
•	Permission to have foreign
currency bank deposits;
•	More flexible labor regulations
than that provided in the Labor
Code;
•	Imports of business located in
these zones are exempt from
all duties and taxes, direct or
indirect, without an import
license;
•	The regime also applies to duties
on exports.
Burundi is a member of many
Regional Economic Communities
and accordingly has preferential
access to many international
markets. Below is a list of the main
organizations of which Burundi is
a member.
BURUNDI
A Business Environment in Constant Improvement
MONDAY | JUNE 23, 2014
T
he service allows customers
of the BNP Paribas group
(BICICI in Côte d'Ivoire)
to carry out real-time banking
operations without going to their
banks, simply by using their
Orange Money account. Customers
can transfer money to their Orange
Money account directly from their
BNP Paribas bank account, or vice
versa, simply, quickly and securely.
This flexibility in transferring
money between bank accounts
and mobile accounts will make it
easier to use the services already
offered by Orange Money, such as
payment for goods and services
(water, electricity and television
bills, etc.) and purchases of
BusinessBuzz 05
Orange and BNP Paribas open new
retail mobile banking services in
Africa with Orange Money
airtime credit. The large network
of licensed Orange Money
distributors will supplement the
network of BNP Paribas bank
branches, offering a maximum
number of cash withdrawal points
to all customers, particularly in
more remote areas.
'Orange Money and BNP
Paribasarejoiningforcestodeploy
Orange Money services to banking
customers in their common sales
territories in Africa. BNP Paribas
customers will thus benefit from
Orange Money functionalities
such as money transfers, bill
payments, merchant payments
and purchases of airtime credit.
The synergies of our businesses
will make it easier for customers
to manage their money, wherever
they are in the country and at
any time of the day,' says Thierry
Millet, Director of the Payments
and Contactless Programme at
Orange.
'This agreement gives Orange
Money customers access to
new banking services (savings
account, international bank
card, etc.) and gives BNP Paribas
customers access to an extensive
withdrawal/deposit network
and the possibility of paying
bills or buying telephone credit
from their mobile phones,' adds
François Benaroya, Retail Director
in the International Retail Banking
branch of BNP Paribas.
Through the new partnership,
Orange Money and BNP Paribas
pledge to increase the percentage
of the population holding bank
accounts by offering a fast, secure
and reliable service for managing
all daily banking operations.
Orange Money currently has
more than 10 million customers
in 13 countries in Africa and the
Middle East. Subscription to the
Orange Money service is free of
charge.
Modern Ghana
MTN ranked among top
sustainable global companies
by Newsweek
MTN has been rated among the top
500 global companies on corporate
sustainabilityandenvironmentalimpact
in the 2014 Newsweek Green Rankings.
The rankings are one of the world’s
most recognized assessments of
corporate environmental performance.
The 2014 Newsweek Green rankings
measured the environmental
performance of large public companies
using eight performance indicators,
including combined energy and waste
productivity, according to said Paul
Norman, the MTN Group chief human
resources and corporate affairs officer.
He said MTN was ranked in
position 276, with a Green Score of
35.4 per cent. Newsweek partnered
with Corporate Knights Capital and
leading sustainability minds from
non-governmental organizations
and the academic and accounting
communities to complete the rankings,
he added.
“The ranking is particularly
significant for MTN because we are in ‘a
small select group of global companies’
whose revenue is generated off a
relatively low environmental impact
basis,” said Norman.
He said the firm operates in
some of the most environmentally-
vulnerable parts of the world, where
their customers often have the fewest
economic resources to cope with the
effects of climate change. “As a result,
we are conscious of the positive role
they can play.”
In a similar development, MTN
South Africa has partnered with
the National Business Institute’s
Private Sector Energy Efficiency in
an initiative that complements MTN’s
UN Carbon Emission Reduction tri-
generation programme and other
energy conservation activities. These
initiatives will help MTN to further
improve on efforts to reduce energy
costs and greenhouse gas emissions.
Norman said the telecom’s efforts
to reduce energy use and switch to
alternative energy in Africa and the
Middle East has seen customers in
Uganda, Rwanda and Nigeria embrace
affordable solar-powered charging
solutions, while climate-friendly
technologies have been implemented
in Cyprus and Swaziland.
“MTN also offers cloud-computing
and machine-to-machine products
to address water leakage, air quality
requirements, grid power and much
more,” he added.
New Times
Orange Money
mONDAY | JUNE 23, 2014
E
conomic development is the utmost significant
substance in nurturing people’s proceeds and
plummeting poverty in the evolving world – it
crafts jobs and openings for poor people to upkeep
their folks and shape more firm futures.
Many emerging economies face specific challenges
that mark it challenging for them to arouse and
endure economic development. These challenges
take account of weak institutes, high redundancy,
unfortunate set-up, absence of access to financial
facilities and inappropriate laws and guidelines.
Africa, universally outlined as the thriving and
prosperous continent at the moment was once,
unfortunately termed as the Dark Continent. Today,
African countries with their thirst and pledge are
travelling the path of success and removing the tag
which they had.
After years free standing the global financial
majority, Africa is at the present fetching one of the
world’s fastest-growing evolving markets and a
progressively lucrative investment destination.
There are flawless ins and outs for this
melodramatic reconsideration. African markets are
escalating on the
back of growing
commodity prices,
trade and foreign
investment, while
increasing consumer
affluence is assisting
to push the call for
goods and services.
What’s next, the
advancement to
date is shadowed
by Africa’s gigantic
latent for economic
growth, powered by
current upgrading
in business
environments
and growing
globalization. Likewise, many African nations go
forward to be held back by concerns such as political
and civil uncertainty, poverty, poor infrastructure
and apprehensions over governance, more and more
African countries are at this time choking these fences.
In nations across the world, understanding
displays that financial improvement is intricately
allied to a strong banking sector. Banking, through its
naturally vibrant character in supporting an economy,
lifts economic action. Other financial services
companies also have an imperative persona to play,
as providers of facilities and developers of financial
infrastructure.
To convey these paybacks more efficaciously in
Africa, major banks and insurers are now actively
investigating how best to magnify their footmark
there.
India has, for a long time, documented the social
and economic requirements for a comprehensive
financial enclosure and has made a colossal
contribution to economic expansion by finding state-
of-the-art techniques to empower the poor. Beginning
with the nationalization of banks, primacy sector
lending requirements for banks, lead bank scheme,
FRANKLY SPEAKING06
Geevarghese Vaidyan
SBI Regional Head, Africa
Yaduvendra Mathur
EXIM Bank’s Chairman and
Managing Director
By kirit sobti,
editor, iat
editor@indoafricatimes.com
Standard Chartered Ghana signaled a
significant success in accomplishing
profits and income by delivering one
of the best financial results in the past
few decade. The bank’s profit before
tax increased by 60 per cent to GH¢273
million while income elevated to 49 per
cent to GH¢420 million.
On publicizing this powerful
performance to shareholders of the bank
in Accra, the management noted that
they ensured a strong balance sheet by
registering their confirmation of bank’s
guarantee to deliver on target, and
development of its client-led strategy
even more.
The bank even revealed how its
incessant commitment to maximize
shareholder value was its first criteria
even after the adverse effects of the
dollar liquidity squeeze in Ghana last
year, which at last resulted in improving
its revenue streams. Other results
include, wholesale banking income,
which grew by 59 per cent to GH¢267
million, with an operating profit before
tax up by 60 per cent to GH¢203 million.
Worth to mention that the consumer
banking income grew by 34 per cent
to GH¢153 million, with a profit before
tax of GH¢70 million, up by 63 per cent.
Earnings per share (EPS) grew by 52 per
cent to GH¢1.77, with Return on Equity
(ROE) at 43 per cent.
Kweku Bedu-Addo, Chief Executive,
Standard Chartered Bank Ghana on this
achievement commented: “Our overall
performance in 2013 is an achievement
we are very proud of as a bank, because
it demonstrates that we are building
a sustainable business with a healthy
balance between the pursuit of profits
and ensuring a robust risk management
and compliance culture.”
He, on the other hand, articulated
his apprehension on developing tertiary
sector and deteriorating agriculture and
manufacturing sector. He noted that
Ghana’s economy had become less reliant
on agriculture, which serves as the
bedrock of the Ghanaian economy.
Standard Chartered
furnishing finest
financial solutions
creation of regional rural banks (RRBs), service area
approach, self-help group-bank linkage programme,
etc., multiple steps have been taken by the Reserve
Bank of India (RBI) over the years to upsurge access
to the poorer segments of society.
India- Africa Financial relationship got a
new definition when the first ever high-level
India-Africa business conclave, CII-EXIM Bank
Conclave organized by the Confederation of Indian
Industry and India’s Export Import (Exim) Bank in
collaboration with other government ministries and
the African Development Bank in March 2005. The
conclave has went through great sustenance and
approval in the industry and has become a vibrant,
popular and busy annual event. In the recent 10th
CII-EXIM Bank Conclave, India-Africa shared a great
deal of business as both the economies got to know
about each other more.
Furthermore, bilateral trade between India
and Africa increased from $25 billion in 2006-07 to
around $70 billion in 2012-13. However, the Indian
government aims to reach $200 billion by 2020.
On the other hand, according to a CII-World Trade
Organization report
published in 2013,
India-Africa trade is
estimated to reach
$90bn by 2015.
Indian economists
have never left any
stone unturned to
prove India’s mettle,
this is always have
been liked by the
world. Similarly,
Africa is also putting
its faith in Indian
banks and their
strategies. Indian
commercial banks in
Africa are expanding
enormously and
strengthening their foothold by being in the market,
operating with businesses and customers while
building two-way trade and investment.
India’s historical and bilateral ties with the
continent are captivating Indian banks to boost their
grasp as the banking market holds a great growth
potential with renowned Indian banks in Africa are
such as Bank of Baroda, SBI, Bank of India, ICICI
Bank, etc. Sub-Saharan Africa, for example, rules
the queue in appealing bankers globally with retail
banking anticipated to grow 15 per cent annually by
2020.
Worth to mention, among all the Indian
banks, state-owned Bank of Baroda has the
biggest network of 45 branches in Uganda, Kenya,
Botswana, Tanzania, Mauritius, South Africa, Ghana
and Seychelles.
Bank of Baroda and Bank of India were the first
Asian banks to start operations in Africa. With the
Indian banks getting such a welcome in the African
market it’s crystal clear that African business is
growing and job generation is taking place.
Presently, the picture of Africa is changing with
emergence of new and confident middle class while
trade and investment is growing swiftly,
especially with engagements with India.
And Africa is leaving behind its old
technologies and joining the world in
innovations such as mobile payments. Now,
if finance relationship grows at same pace,
trade and investment ties will grow and
more Indian banks will have even more
reasons to be active in Africa.
It’s equally important to have
excellent political equations between the
governments and expanding potential for
economic ties which is essential to provide
the necessary incentive for establishment
in and of the continent.
SBI’s banking presence
in the African continent, apart
from South Africa, extends
to Mauritius, Nigeria, Egypt
and Angola. SBI is also in
the process of setting up its
subsidiary bank in Botswana
and is keenly looking to
expand to other growing
economies of the continent.
African continent is
one of the most important
partners for the country
and 11 fastest growing
economies in the world are
in Africa. We are looking at
infrastructure development
in Africa, the big project
exports. We are encouraging
entire private sector in India
to get into these sectors.
Indian Banks putting
faith in Africa
Sub-Saharan
Africa, for
example, rules
the queue
in appealing
bankers
globally with
retail banking
anticipated to
grow 15 per
cent annually
by 2020
MONDAY | JUNE 23, 2014
TRAVELtourism 07
S
outh Africa is an incredible nation for
some very different and amazing reasons.
It has some very striking regions with
sights of fanciful beauty. There are some
tremendous game parks with a variety of wild
animals, birds and reptiles.
Where else in the world can you drive into
a park like our Kruger National Park where
many species can be watched from your car
or a tour bus. You can really look out nature
doing its own thing. You may be blessed
enough to see a pride of lions stalking and
take by surprise something like a zebra or
wildebeest and actually making a kill.
South Africa brags a number of extremely
-modern yet typically African cities, where
skyscrapers, boutiques, and 5-star hotels co-
exist harmoniously with vivacious African
markets and jam-packed settlements. Iconic
Cape Town knew its first inhabitants as
early as 100,000 BC. Today, it is a diverse
city of awe-inspiring magnificence encircling
a Natural World Heritage Site, the Table
Mountain National Park.
Durban is a widespread holiday
destination in which the shades, spices, and
songs of its people have welded into an
exclusive new drapery, and Johannesburg or
eGoli (place of gold) became a city in 1886,
during the gold rush. Today, Johannesburg
and its more African alter ego, Soweto, forms
the pulsing industrial heart of South Africa.
South Africa is at the moment one of the
largest economic sectors in South Africa with
around 700 hotels, 2,800 guest houses, and
more than 10,000 restaurants. The Rainbow
Nation is well branded for its ecotourism,
including photographic safaris, bird watching,
botanical studies, mountaineering, snorkeling,
and hiking.
The country boasts several National Parks,
with the largest being Kruger National Park
in the Northern Province and Mpumalanga.
Major tourist magnetisms include Table
Mountain and the cable way, Victoria and
Alfred Waterfront, Cape of Good Hope Nature
Reserve, Kirstenbosch National Botanical
Gardens, Oudshoorn (Cango Caves, Cango
Crocodile Ranch, Highgate and Safari Ostrich
Farm), Karoo National Park, Sea World,
Howick Falls, Drakensberg, Umfolozi Game
Reserve, Natal National Botanical Gardens,
St. Lucia Game Reserve, Pilgrim’s Rest,
Gold Reef City, Pretoria National Botanical
Gardens, Warmbaths, Sun City, Lost City, and
Pilanesberg National Park.
Pretoriaisacitypositionedinthenorthern
part of the Gauteng Province, beforehand
known as Northern Transvaal, South Africa.
Even though mainly a government-based
city, it is also a place of culture, with theatres,
museums, and monuments. Pretoria is located
in the transitional area between the Highveld
and the Bushveld, approximately 50 km north
of Johannesburg and lies in a warm, well
sheltered, fertile valley, enclosed by the hills
of the Magaliesberg range.
This country’s exquisiteness, plentiful
wildlife, captivating history, and culture are
major tourist attractions that have grown
globally to become iconic, travel destinations.
South Africa’s eight UNESCO World Heritage
Sites are: Cradle of Humankind, Mapungubwe
CulturalLandscape,RobbenIsland,CapeFloral
Region, Isimangaliso Wetland Park, Vredefort
Dome, the uKhahlamba/Drakensberg Park,
and the Richtersveld Cultural and Botanical
Landscape.
There's more than one way to get to South
Africa. All the big cruise liners dock in Cape
Town and sometimes Durban but for most
travelers flying is the choice of travel. South
Africa has 10 principal airports, including
3 major international airports. Tambo
International Airport (formerly Johannesburg
International) is the major gateway, offering
both domestic, African regional, and
international connections. There are also an
increasing number of international flights
direct to and from Cape Town, and a few
direct to and from Durban. And for cross-
border flights to neighboring countries, there
are more than 30 airports in South Africa,
ranging from small to large.
South Africa is served by more than
70 international airlines and its national
carrier, South African Airways, flies to many
destinations in Europe, North and South
America, Asia, Australia, New Zealand, and the
rest of the African Continent.
Travel adventures in Rainbow Nation
mONDAY | JUNE 23, 2014
TALKINGTECHNOLOGY08
B
lend Financial Services Ltd.
(BLEND) was set up in 1997
in Mumbai and over the
years has emerged as one of the
leading financial and management
advisory company. Headquartered
in Mumbai, it has offices in UAE,
Singapore, Hong Kong, and Kenya
along with five major cities in India.
In addition to these locations the
company is very active in the
financial markets of London, New
York, Geneva and GCC countries
for meeting the varied funding
requirements of its clients. The
core business is driven by a multi
disciplinary team of over 120
experienced professionals from
rich and diversified backgrounds
guided by an eminent panel of
Experts from industry, banking
and financial sectors.
Why BLEND?
Exceptional Reach to Lenders
Globally: BLEND maintains and
nurtures strong relationships
with over 300 banks and financial
institutions at the decision-making
level across Asia-Pacific, Europe,
Russia, Americas and Africa.
Ability to Raise Funds in
Multiple Geographies for Same
Client: Having access to lenders
and financial institutions globally
has equipped BLEND to be in a
unique position to provide a global
platform to raise money for large
and mid-sized companies, which
are present in one market but also
aspire to set-up and/or expand in
virtually any country in the world.
Innovative Transaction
Structuring Capability: BLEND
has been a pioneer in providing
be-spoke solutions with wide
structuring capability by way of
using various credit enhancement
mechanisms including insurance
wrapped structures with a
combination of structured trade
finance, ring fencing country and /
or Utility risk etc..
Giving Access to Aspirational
Cost of Funds: Through Blend’s
innovative structuring capabilities
andextensivenetwork,clientisnot
only able to achieve successful and
timely financial closure but also is
able to optimize cost of funds at
lowest possible benchmark-levels
in respective markets.
Preferred Partner for
Lenders: Over a period of time
BLEND has become the partner of
choice as it brings to them access
to top-most and premier clientele
with strong risk profiles and credit
enhanced transaction structures.
Exemplary Track Record:
BLEND has a track record of
successfully working with over
1500 corporates world-wide in
last two decades and is currently
executing a deal pipeline of over
USD 7 billion across sectors and
geographies.
BLEND IN AFRICA
Capacity building for banks
and institutions BLEND has
partnered with the African Export
Import Bank, (Afrexim Bank)
for promoting factoring across
the African continent that will
facilitate increased lending to the
under-served SME sector. BLEND
is also an Executive Committee
Member of the Africa Chapter of
International Factors Group (IFG)
which has a mandate to promote
factoring across Africa..
BLEND has developed a
co-branded factoring Advisory
Product called “AFRIFACTOR”
with Afreximbank which will be
shortly rolled out pan-Africa on
Build-Train-Transfer (BTT) model.
BLEND’s recently executed
projects includes advising Jamii
Bora Bank, Kenya to setup “first
of its kind” factoring business
platform in East Africa on build,
operate, train and transfer model.
MOCs signed with African
Guarantee Fund for enhancing
capacity in Financial Sector
in Africa; Kenya Investment
Authority and Water  Sanitation
for Africa, an entity set-up
by 32 African Governments
headquartered in Senegal.
Larger Production suite to
cater to every situation:
Blend’s specialized banking
product offerings include:
»	 CMA Financing
»	 Structured Trade Finance
»	 LC/TR Financing
»	Factoring
»	 Alternative Trade Finance
»	 Vendor Financing
»	Subsidiary and / or SPV
funding
»	 Project Financing
»	 Term Loans
»	Working Capital both fund and
non-fund limits
»	 LBO Financing
»	 Mezzanine Financing
»	 Credit Insurance Advisory
»	Giving access to Government
projects in Africa to corporates
»	 Factoring advisory to Lenders
»	Leasing business advisory to
Lenders
»	Developing SME Finance
products
Advising Corporates on their
fund raising initiatives:
Currently, BLEND is working
in over 20 countries in Africa
on diverse transactions and
expanding its activities to cover
larger number of countries going
forward. With wide coverage in
African markets, BLEND provides
customized banking solutions to
clients for meeting their trade
and project finance requirements.
From plain vanilla term loans to
structured trade finance solutions,
the range of products is integrated
and multi-dimensional in nature
with end-to-end solutions that
could be optimally customized
across multiple jurisdictions.
The deal ticket sizes range from
USD 10Mn to USD 1Bn+ being
significantly wide. BLEND has
developed close relationships
with over 100 banks/ financial
i n s t i t u t i o n s / m u l t i l a t e r a l
Global Expertise in banking for African Markets
institutions/development finance
institutions and government
agencies in Africa, which keeps
growing with each passing day.
Select Ongoing Mandates as follows
COUNTRY SECTOR FACILITY TYPE QUANTUM
Kenya, Tanzania, Nigeria, Namibia
and Uganda.
Power transmission sector
Guarantee, Letter of Credit and Asset
Finance
USD 280 million
Ghana, Kenya, Nigeria, Malawi,
Zambia
Agri commodities Trading Trade Finance  Bill Discounting USD 500 Million
Kenya Infrastructure – Roads Working Capital  Project Finance USD 160 million
Ghana, Kenya, Sudan, Egypt Steel Industry Import Financing Facility Term Loan USD 200 Million
Malawi, Zambia, Tanzania Fertilizers Structured Trade Finance Facility USD 100 million
Pan-Africa Agri commodities trading Trade finance USD 100 million
Malawi Integrated – Sugar Factory Term Loan USD 80 million
Kenya, South Africa, Mozambique,
Ivory Coast, Cameroon
Agri commodities - Rice Structured Trade Finance facility USD 100 million
Ghana Infrastructure- Water Supply Term Loan USD 100 million
Zimbabwe Power Term Loan USD 55 million
Cameroon sugar , power and distillery Term Loan  working capital USD 90 million
Ghana
Agri commodities – Cashew
Processing
Refinancing facility of Working
Capital
USD 30 million
Tanzania Petroleum – Used Oil Refinery
Term Loan for reimbursement of cost
of setting up the project.
USD 27 million
Sierra Leone Power - Rural Term loan USD 25 million
Gabon Timber Processing Term Loan and Working capital funding USD 12 million
For further information please contact:
Mr. Manish Khilnani	
VP- Africa Business  Strategy	
Board Line: 91-22-67770000;	
Direct: 91-22-67770054;	
Mobile: 91-9833778118;	
Email-Id: manish@blendfinance.com
Website: www.blendfinance.com
Ms. Isha Desai
CRM- Africa Desk
Board Line: 91-22-67770000;
Direct: 91-22-67770051;
Mobile: 91-9820371739;
Email-Id: isha@blendfinance.com
Website: www.blendfinance.com

In the first row-sitting - Dr. Benedict Oramah, Afreximbank Executive Vice-President (7th from left) with presenter O.S.
Vinod, Director, BLEND Finance (9th) at the Afrexim Bank Factoring Conference in Douala, Cameroon for Bankers in Africa.
MONDAY | JUNE 23, 2014
TRYSOMETHINGNEW 09
Ingredients
	•	6 medium baking potatoes
	•	3/4 cup, cheddar cheese, shredded
	•	1/3 cup, butter
	•	6 slices bacon, fried and crumbled
	•	1/3 cup green onion, thinly sliced
	•	Salt  pepper
Prepration Method
1. You can add these ingredients to the
mashed potato centers if desired.
2.	1/3 cup milk 1/4 cup butter salt and
pepper a few drops hot sauce Scrub
potatoes, dry, then pierce with fork
several times.
3.	Arrange on a baking sheet and bake in
375 degree oven for about 1 hour or until
tender.
4.	Let stand until cool enough to handle. Cut
potatoes in half lengthwise and scoop
out centers, leaving 1/8 potato in shell.
Must make snack
Times Gehena Surat
By having a direct conversation
with the wedding professionals, the
wedding couples can adopt the
techniques which will help them in
making their wedding unique and
different from others. This show
will also attract experts related to
wedding industry to focus on the
marketing opportunities associated
with the wedding industry. Times
Gehena Surat is designed to
provide useful as well as relevant
information to the interested bride
and groom and the attendees those
who want to make their wedding
attractive as well as decorative.
Date: 01-03 Aug 2014
Venue: The Grand Bhagwati Surat, India
Gifts World Expo - Delhi
The Gifts World Expo is one of
the highly distinguishable expo
for corporate gifts  premiums.
Hosted by the Media Expositions
 Events at Pragati Maidan, New
Delhi, India, the event emerges out
as a rendezvous between various
professionals of the sector from all
parts of the world. It is the niche
event in displaying acrylic gifts,
calculators, candles, ceramic gifts,
chocolates, toys  games, home
appliances, key chains, lamps,
leather gifts etc.
Date: 01-03 Aug 2014
Venue: New Delhi, India
Vastra Vibha Exhibition
Vastra Vibha Exhibition is a 3 day
event being held from 2nd August to
the 4th August 2014 at the Sri Satya
Sai Nigamagamam in Hyderabad,
India. This event showcases
products like Designer Apparel,
Imitation Jewellery, and Fashion
Accessories etc. in the Apparel 
Clothing industry.
Date: 02-04 Aug 2014
Venue: Sri Satya Sai Nigamagamam,
Hyderabad, India
Bakery Expo
This event showcases products
like baking ovens, bakery  bread
plants, bread slicers, bun dividers,
cookie mfg. Machines, packaging
machinery, pizza ovens, microwave
ovens, refrigerated display
counter, dough sheeters, planetary
mixers, baking agents, chocolate
manufacturers, raw materials,
bakery enzymes, chocolate 
finishing ingredients, partly baked
and finished products, ice cream
dispensers, decorative items 
baking accessories, laboratory 
measuring equipment, bakery cafe
furniture, trays, pans, containers,
tortilla, and specialized publication
etc. in the Food  Beverage
industry.
Date: 04-06 Aug 2014
Venue: Gujarat University Convention 
Exhibition, Ahmedabad, India
HGH India
HGH INDIA is one of the best
events of its kind which will have
more than 500 exhibitors from the
sectors of gift items, home decors
and housewares. Being a part of
this event will help the exhibitors
to showcase all their products and
services related to the sectors and
the participating companies will
definitely get a good opportunity
to reach out to customers. The
exhibitors can even utilize this
opportunity to launch new products
and services which will help them
to gain access to new market
segments.
Date: 05-07 Aug 2014
Venue: Bombay Convention  Exhibition
Centre, Mumbai, India
upcoming
Many people may want to quarrel and fight with you; realize that
the only weapons you need are a smile and a lovely attitude
THOUGHT OF
THE WEEK
Dancer's Potato Skins
African Cuisine
Handy French
Discover your personality traits!!
5.	Cover.
6.	Chill shells up to 2 days until ready to use for the
skins
7.	If desired, add the 1/3 cup milk, 1/4 cup butter,
salt and pepper to use potato centers as mashed
potatoes.
8.	When ready to prepare skins, melt the 1/3 cup
butter.
9.	Brush shells with the butter, inside and out.
Place, cut side up, on baking sheet. Bake in a
500 degree oven for 20 minutes or until brown
and crisp.
10.Distribute some bacon, onion, and cheese in
each shell.
11.Bake just until cheese melts.
12.Serve hot. If the potatoes are large, you may
want to cut in half crosswise before serving.
13.You may want to double this recipe if you are
serving several people, especially if they are
hungry!
14.Serves: 6
picture of the week
The Prime Minister of India, Shri Narendra Modi with the Prime Minister of Bhutan, Mr. Lyonchhen Tshering
Tobgay, at a bilateral meeting, in Thimphu, Bhutan on June 15, 2014.

Lake Malawi contains the
largest number of fish
species of any lake in the
world, probably over 500
from ten families.
1.	May I help you?
Puis-je vous aider?
2. I’m so happy.
Je suis très heureux(euse).
3.	You are an intelligent boy.
Vous êtes un garçon intelligent.
4.	I have an idea
J’ai une idée.
5.	What should I do?
Qu'est ce que je dois faire?
1.	 Take the dog for a walk
2.	Take the stairs instead of
a lift or escalator
3.	Join a local sport,
recreation or fitness club
4.	Have a balanced lunch
to keep you going during
the day
5.	Drink water instead of
sugary drinks
6.	 Sit less and move more
Active
Tip for being
 January
Smartness and efficiency are among
the numerous traits of people born
in the month of January. They are
also very determined and diligent,
the characteristics which make them
highly productive at work. They are
strong, hardworking and very tolerant
individuals. Success to these people
does not come overnight. They have
to fight hard to achieve their goals.
 February
People born in February are generally
far from reality. They are interesting
and intelligent, but are preoccupied
with intellectual thoughts. They are
outstandingly loyal and devoted to
the people they love. People born in
February are also enormously caring
and are romantic on the inside and not
on the outside. They are very sensitive
when it comes to their relationships.
 March
Warmth and charm are the abilities
which are often linked with people
born in the month of March. They
are very concerned and love to serve
others, if given their due respect.
Honesty and dependability are
among the various virtues possessed
by individuals born in this month.
They enjoy sports as much as they
enjoy working for a living. They are
energetic, initiative and brave.
 April
Those born in the month of April
can be termed as brave and firm.
Their liveliness encourages an
aura of brightness wherever they
go. Friendships mean a lot to them
and they are intense to solve other
people’s problems. They are good-
looking and loving people and are very
heartening at the same time. Most of
them lead a happy and wealthy life,
owing to their strong determination.
 May
Individuals born in the month of
May are very thoughtful, firm and
enthusiastic. Their physical appeal
combined with their mental strength
makes them without question
appealing. Really hardworking and
always on the move, these people
always keep themselves occupied
with something or the other and detest
wasting time.
 June
Friendliness, hilariousness and
talkativeness are the common
characteristics of people born in the
month of June. Also, they lack will
power and at times rely on others to
solve their problems. When it comes
to relationships, they are caring,
lively and romantic. Not only are
they amicable, they are equally good
talkers.
 July
People born in July are fun-loving and
are always jolly. Usually, they take
pride in all the things they do and are
very liberated by nature. Caring their
loved ones and upholding healthy
relationships with others is very vital
for them. When it comes to lifestyle or
the dressing sense, they can be highly
unconventional and always strive to
be perfect.
 August
The month of August is conquered
by the zodiac sign, Leo, with the last
few days falling under Virgo. A Leo
owns a positive outlook towards life
and is very passionate and is full of
life. He/she is proud and determined
and is also a great achiever who sets
examples for others. They are brave
and courageous when it comes to
confrontation and are natural leaders.
 September
Classified as perfectionists, people
born in the month of September
are really hard working. Their only
problem is that they like to point
out other people’s mistakes and
criticize them even for trivial matters.
Otherwise, they are calm and
composed individuals and generally
excel in the professions such as
medicine, law, and teaching, writing
and designing.
 October
These people are particularly
motivated and attain great heights
in their career, owing to their
charming personality and sense
of diplomacy. Particularly secure
and decisive, they are kindhearted
and are fascinated to competitive
individuals. However, they can also
chase challenging endeavors and
owing to their tenacity, they succeed
in achieving whatever goals they set
for themselves.
 November
These folks are known for their
forward thinking and are always
full of exclusive and amazing ideas.
They are very loving and caring to
their partners and exhibit a great
deal of passion in their relationships,
but one of their negative traits is that
they can be a little jealous at times.
 December
Generally, individuals born in the
month of December are fun to
be around and thus make a lot of
friends and fans. These truthful and
reliable individuals are modest and
harmonious, however they often
tend to be a little short tempered.
They are adventurous, assertive and
can be a little assertive at times.
mONDAY | JUNE 23, 2014
THEFASHIONISTAS10
I'll forever remain NDC – Mr. Beautiful
Ghana's fastest rapper, Sarkodie
has won the 'Best Hip Hop' at the
2014 MTV Africa Music Awards
at the Durban International
Convention Centre (ICC) in Durban,
South Africa.
Sarkodie beat AKA (South
Africa), Ice Prince (Nigeria), Khuli
Chana (South Africa), and Olamide
(Nigeria) to win the award.
Nigeria's Tiwa Savage beat
Ghana's songstress Efya to the
'Best Female' category. That
category also had Arielle T (Gabon),
Chidinma (Nigeria), DJ C'ndo
(South Africa) as nominees.
Shortly after winning the award,
Sarkodie took to microblogging site,
Twitter to thank God and his fans
for helping him win the award.
'Teamsark I looove you!!!!
Thanks 2 God almighty!!! We
won!!!! GHANA!!! Thanks for ur
vote. God bless yall', he tweeted
and added that, 'God is Good'.
Modern Ghana
Award winning record producer,
sound engineer and rapper EL
says it is less expensive to shoot
music videos in South Africa
than in Ghana.
'It's cheaper to shoot a video
in South Africa' he said. The
young and talented musician
disclosed during an interview
on Hitz FM.
The 30-year-old
known in real life as Elorm
Adablah explained that it is
cheaper shooting outside
the country due to the
exchange rate of the Dollar
now.
A
fter allegations early this year that he has
been sidelined by movie producers in the
Ashanti region for openly displaying his
political colors and rallying behind the National
Democratic Congress in the 2012 elections, the
Fanti speaking witty actor, Clement Bonney,
says his support for the ruling party will remain
unshaken.
Describing movie producers who have
refused to engage his services because of his
political affiliation as 'immature', Mr. Beautiful as
he is affectionately called, stated that political
differences should not bring about enmity
between people.
Reacting to a texter's
question to an
entertainment program
on ETV over the
weekend on why he
joined politics, the
audacious actor
wondered why
celebrities who
openly mounted
c a m p a i g n
platforms and
compose songs for
the New Patriotic
Party's 2008 and
2012 presidential
candidate were not
given the demeaning same treatment.
'Four years ago celebrities in this
country supported Nana Akufo-Addo,
but no one raised concern about their
involvement in politics, so why the
fuss over mine. I can assure you that
I'll forever remain NDC and support
President Mahama 1000 times,' Mr.
Beautiful vowed.
Adding 'anybody who thinks
that way is immature. Our political
affiliations should not make us
enemiesI will continue to support
President Mahama and NDC.'
AskedaboutwhyhespeaksFantiin
movies when most of the productions
are done in the Ashanti region and
the scripts written in Asante Twi, the
well-known local actor retorted that
he feels proud holding the flag of his
mother region, the Central region.
'I have received calls from 'big men'
and respected people of the Fanti
land including chiefs for speaking my
native Fanti in all my movies. I can
speak very good Ashanti Twi, but I
won't use it for movies. I'm proud
of my language and if a producer
gives me a script in Asante Twi I'll
reject it. My people back home have
been praising me for promoting the
language,' he said.
Touching on why movie
production has been concentrated
in the Ashanti region and why
other regions cannot do their
own production, Mr. Beautiful,
in an apparent swipe at Ghana's
populous region, stated that the
Ashanti dialect permits the use foul
languages hence it is easy to use it
for movie production.
'The Northern belt frowns on the
use of foul language, it is the same in
the Volta and the Southern coastal
belt, those part of the country do
not allow it either but those at the
middle belt of the country consider
the use of foul language as normal,
so it is easy to produce movie in
that part of the country because
you have the liberty to say all the
bad things,' he explained.
According to him the assertion
that movies in the local dialect have
no future is true, explaining that
'the movies are full of insults and
anything made of insults certainly
has no future. That is how the
language is structured it is full of
insults.'
Modern Ghana
Sarkodie wins Best Hiphop at
2014 MTV Africa Music Awards
He also said that Ghanaians
love music videos shot outside
the country, the main reason
why he will continue to shoot his
videos outside Ghana.
'I will keep going to South
Africa to shoot my videos,' he
said.
EL has produced hit songs
for several of the country's top
music acts including Sarkodie's
You Go Kill Me, D-Black's Get
On the Dancefloor, Reggie
Rockstone's Rockstone's
Office and Asem's Check Your
Weight.
Modern Ghana
It's cheaper to shoot a music
video in South Africa-EL

Clement Bonney

Ghana's fastest rapper, Sarkodie

Elorm Adablah
MONDAY | JUNE 23, 2014
SPORTS2WATCH 11
Ghana defender John Boye is
ranked amongst the 10 best
players so far at the 2014 World
Cup in Brazil. The Stade Rennes
stopper came 8th in a statistical
ranking done by FIFA after the
first round of group games.
FIFA used information
gathered from the renowned
football engine Opta to conduct
Airtel offers Nigerians
affordable roaming rates
in Brazil ...Slashes roaming
rates to as low as N60
Ghana defender John Boye named amongst
top ten performers at 2014 World Cup
its rankings which
sees German
forward Thomas
Muller on top of
the pile with a 9.75
rating.
Boye lasted the
entire duration in
Ghana's shocking 2-1
defeat to the USA in
their opening Group G game in
Natal. The 27-year-old however
appeared amongst the best
statistical performers after the
first round of matches at the
World Cup despite playing in
a jittery Black Stars
defence in the defeat
to the United States.
Boye ended up
with a 9.45 rating
having won five of
his seven tackles,
eight recoveries,
eight clearances
and a block in
the defeat to
the USA. He
is also said to
have completed
91 percent of his 44
passes in the game
against the USA. The
Black Stars defender's
statistics bettered that
of Chile's Alexis Sanchez
and Tim Cahill of Australia.
He is however behind the
likes of Arjen Robben, Robin
Van Persie and Phil Jagielka.
Below is the full list of
FIFA's best players at the 2014
World Cup thus far.
Modern Ghana
Leading telecoms services
provider, Airtel Nigeria, has
announced a special discounted
roaming package that will enable
Nigerians, who are travelling for
the on-going 2014 World Cup
in Brazil, to stay in touch with
friends, family members and
business associates at affordable
rates.
According to Airtel, the
new package underlines its
commitment to providing
innovative and affordable
telecommunications services to
telecoms consumers across the
country and abroad.
With the new value offering,
Nigerians in faraway Brazil, can
now enjoy affordable call rates
within Brazil and also make and
receive calls for as low as N60
to all mobile networks in Brazil
and Nigeria. Customers will also
enjoy discounted SMS rate of
N50 and data rates of N1/10kb.
Speaking on the new roaming
package, the Chief Commercial
Officer of Airtel Nigeria, Maurice
Newa, said the offering reflects
Airtel's commitment to creating
innovative and affordable
telecoms services, noting that
the company is passionate about
realizing its vision of becoming
the most loved brand in the daily
lives of Nigerians.
'At Airtel, we will not relent
in creating platforms and
opportunities that will enrich
the lives of our customers and
also empower them to succeed
in their respective endeavours.
'Our new discounted roaming
package for Brazil 2014 is
a glowing testimony to our
quest of providing the right
platforms to enable telecoms
consumers achieve more in their
professional and personal lives,'
he said.
The discounted roaming
package is available for
both prepaid and post-paid
customers. The service is default
for prepaid customers on arrival
in Brazil. However, prepaid
customers must ensure that they
have sufficient airtime in their
account and may be required
to buy additional airtime in the
event they run out of airtime in
Brazil.
Post-paid customers who
have enabled roaming services
on their lines will have access to
the offer.
However, post-paid
customers who are yet to
activate roaming on their lines
will be expected to visit the
nearest Airtel Shop to activate
the service before travelling to
Brazil.
The Airtel World Cup
roaming discounted offer rates
are only valid for calls made to
local networks in Brazil, calls
made to Nigeria from Brazil,
SMS's sent while in Brazil and
data and internet activities while
roaming in Brazil. Calls made to
other countries will be charged
at the existing roaming rates for
those countries.
The Airtel World Cup
roaming discounted offer rates
are only available on CLARO
network in Brazil.
Modern Ghana
Africa Cycling
Centre to boost
tourism
The maiden Africa Rising Cycling
Centre launched in Musanze
will boost the tourism industry
according to Rwanda cycling team
coach American Jack Boyer.
The Centre is set to be a world’s
cycling hub with professional and
amateur cyclists set to benefit from
its training and expertise given the
uniqueness and the splendor of this
gigantic facility in Africa.
Sixteen houses, a fully equipped
service course, Rwanda’s 1st BMX
pump track, an education centre,
an organic vegetable garden are
among the facilities at the centre
located in the northern Musanze
district, at 2000m altitude.
Boyer said that the Africa
Rising Cycling Centre will focus
on boosting the level of cycling in
Africa and the World at large.
“This centre will be home
to African teams and European
professional clubs as they target to
benefit from high altitude training. It
will also be paramount in such a way
that it will transform the Rwandan
youth into better cyclists,” he noted.
The region of Musanze is reknown
for gorilla trekking, and the centre
is looking to exploit that advantage.
“Every single tourist that comes to
Rwanda will be passing through our
centre,” says the country’s national
cycling coach.
The centre’s outdoor cafe will
be open for the tourists to meet,
relax and share their Rwanda
experience. This will be a source of
revenue for a team whose income
is far from stable and rarely secured
more than three months ahead.
Boyer further added: “My goal is
just to change a life. If you try to
change things for everybody you
just end up getting depressed. This
is the most difficult thing we’ve ever
done but it’s absolutely the most
rewarding.”
New Times

Ghana defender John Boye
mONDAY | JUNE 23, 2014
ENCOUNTER WITH EDITOR12
How was your experience in the 10th
CII EXIM Bank Conclave on India-
Africa Project Partnership?
It’s my first visit to India and this
experience is amazing. The relations of
India and Uganda is marking its presence
from last two centuries. Like India,
Uganda is also on the path of motivating
its economic structure of small and
medium size business (SME’s). Uganda
is delineated as the second biggest
producer of coffee in Africa.
At the 10th CII EXIM Bank Conclave,
we are in discussion with an Indian
company to put a processing plant in
Uganda and bring Ugandan coffee to
India and to the world.
All in all, we are trying to do our best
to develop a kind of structure which
permits small medium and medium
size business people and consultants
to flourish in a business friendly and
conducive environment at every step.
Indian private sector could nurture
a fast growth in Uganda’s agriculture
sector. The recently discovered oil
and gas reserves, as well as Uganda’s
huge reserves of non-oil minerals are
also parts of Kampala that would be
considering to have foreign investments.
Excellency, what are the endeavors
made by the Ministry in order to
improve the financial stability of the
country?
Uganda is what we call an Open-
Economy, you can bring any amount of
money in Uganda to invest and you can
take it out in the form of dividends and
repatriated profits or buy more inputs, as
there are no restrictions.
Our currency is flexible, we are trying
to reframe our regulatory framework
business regulation to make sure that
investors don’t get stuck up with red tape.
Uganda relishes a stable political and
macro-economic environment that is
enormously conducive for investments.
Uganda has been one of the fastest
growing economies in the world in the
last 20 years. The country has made
noteworthy oil discoveries and has huge
reserves of minerals like cobalt, uranium,
graphite, etc.
How easy is it for a foreign investor to
start a company in Uganda?
We are working on it to make it as
easy as possible. Uganda Investment
Authority is a one stop center for any
investor who wants to start a business in
our country.
We are trying to make it easier for
investors to find out how to get a tax ID,
business license, a construction permit,
environmental assessment, etc. for the
commencement of business.
What about the funding options
available with Uganda, are you using
the lines of credit being granted by the
EXIM Bank of India?
Actually we have not been using
the lines of credit granted by the EXIM
Bank of India and that’s the reason why I
came here to see how we can encourage
financing to and for our people.
We are open to any kind of financing
available.
And in this endeavor, we think that
Indian business can assist us. Money is
not a problem for us, it is how to qualify
for the money.
Uganda is most commonly dubbed as
the pearl of Africa, how do you wish to
endorse the tourism sector of Uganda
in India?
Uganda is a basket full of abundant
activities for tourists and visitors to
get pleasure from. With 500 species
of mammals, Uganda has incredible
multiplicity.
On top of this, Uganda has a good
number of chimpanzees and there are
several places where one can track them.
With well over 1000 species registered
inside its borders, Uganda is also one of
the best bird-watching destinations in
the world.
It worth to mention, that a common
tourist visa has been introduced together
with Kenya and Rwanda, allowing tourist
to buy one visa and enjoy the beauty,
hospitality and nature of three countries
i.e. Uganda, Kenya and Rwanda.
There is no doubt to accept that Uganda is the leading investment destination in East Africa. The country continues
to liberalize and endorse both local and foreign investment, whilst at the same time firming its investment regulatory
framework for various policy purposes. Hon. Maria Kiwanuka, Minister of Finance, Planning and Economic
Development from Uganda get candid with Kanchi Batra, Indo-Africa Times for an exclusive interview. Edited Excerpts.
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
“A common tourist visa has been introduced
together with Kenya and Rwanda”
Hon. Maria Kiwanuka
Minister of Finance,
Planning and Economic
Development, Uganda

Uganda relishes a stable political and
macro-economic environment that is enormously
conducive for investments. Uganda has been
one of the fastest growing economies in the
world in the last 20 years.
MONDAY | JUNE 23, 2014

More Related Content

Similar to Volume 1 issue 24

Volume 1 issue 8
Volume 1 issue 8Volume 1 issue 8
Volume 1 issue 8
Indo Africa Times
 
South africa immigration & visa consultants
South africa immigration &  visa consultantsSouth africa immigration &  visa consultants
South africa immigration & visa consultants
Sandeep Kumar
 
South africa immigration
South africa immigrationSouth africa immigration
South africa immigration
John Carter
 
Volume 1 issue 12
Volume 1 issue 12Volume 1 issue 12
Volume 1 issue 12
Indo Africa Times
 
Volume 1 issue 25
Volume 1 issue 25Volume 1 issue 25
Volume 1 issue 25
Indo Africa Times
 
Volume 1 issue 14
Volume 1 issue 14Volume 1 issue 14
Volume 1 issue 14
Indo Africa Times
 
Volume 1 issue 45
Volume 1 issue 45Volume 1 issue 45
Volume 1 issue 45
Indo Africa Times
 
Volume 1 issue 37
Volume 1 issue 37Volume 1 issue 37
Volume 1 issue 37
Indo Africa Times
 
Volume 1 issue 15
Volume 1 issue 15Volume 1 issue 15
Volume 1 issue 15
Indo Africa Times
 
Volume 1 issue 36
Volume 1 issue 36Volume 1 issue 36
Volume 1 issue 36
Indo Africa Times
 
The Africa Entrepreneurial Ecosystem
The Africa Entrepreneurial EcosystemThe Africa Entrepreneurial Ecosystem
The Africa Entrepreneurial Ecosystem
MJDelaMasa
 
Volume 1 issue 18
Volume 1 issue 18Volume 1 issue 18
Volume 1 issue 18
Indo Africa Times
 
Volume 2 issue 8
Volume 2 issue 8Volume 2 issue 8
Volume 2 issue 8
Indo Africa Times
 
Volume 1 issue 30
Volume 1 issue 30Volume 1 issue 30
Volume 1 issue 30
Indo Africa Times
 
Volume 1 issue 44
Volume 1 issue 44Volume 1 issue 44
Volume 1 issue 44
Indo Africa Times
 
Volume 1 issue 23
Volume 1 issue 23Volume 1 issue 23
Volume 1 issue 23
Indo Africa Times
 
Volume 1 issue 4
Volume 1 issue 4Volume 1 issue 4
Volume 1 issue 4
Indo Africa Times
 
2014 ATA Uganda World Congress Impact Report
2014 ATA Uganda World Congress Impact Report2014 ATA Uganda World Congress Impact Report
2014 ATA Uganda World Congress Impact Report
Andrea Papitto
 
Volume 2 issue 7
Volume 2 issue 7Volume 2 issue 7
Volume 2 issue 7
Indo Africa Times
 
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdfFinal_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
BrandAmbassadors
 

Similar to Volume 1 issue 24 (20)

Volume 1 issue 8
Volume 1 issue 8Volume 1 issue 8
Volume 1 issue 8
 
South africa immigration & visa consultants
South africa immigration &  visa consultantsSouth africa immigration &  visa consultants
South africa immigration & visa consultants
 
South africa immigration
South africa immigrationSouth africa immigration
South africa immigration
 
Volume 1 issue 12
Volume 1 issue 12Volume 1 issue 12
Volume 1 issue 12
 
Volume 1 issue 25
Volume 1 issue 25Volume 1 issue 25
Volume 1 issue 25
 
Volume 1 issue 14
Volume 1 issue 14Volume 1 issue 14
Volume 1 issue 14
 
Volume 1 issue 45
Volume 1 issue 45Volume 1 issue 45
Volume 1 issue 45
 
Volume 1 issue 37
Volume 1 issue 37Volume 1 issue 37
Volume 1 issue 37
 
Volume 1 issue 15
Volume 1 issue 15Volume 1 issue 15
Volume 1 issue 15
 
Volume 1 issue 36
Volume 1 issue 36Volume 1 issue 36
Volume 1 issue 36
 
The Africa Entrepreneurial Ecosystem
The Africa Entrepreneurial EcosystemThe Africa Entrepreneurial Ecosystem
The Africa Entrepreneurial Ecosystem
 
Volume 1 issue 18
Volume 1 issue 18Volume 1 issue 18
Volume 1 issue 18
 
Volume 2 issue 8
Volume 2 issue 8Volume 2 issue 8
Volume 2 issue 8
 
Volume 1 issue 30
Volume 1 issue 30Volume 1 issue 30
Volume 1 issue 30
 
Volume 1 issue 44
Volume 1 issue 44Volume 1 issue 44
Volume 1 issue 44
 
Volume 1 issue 23
Volume 1 issue 23Volume 1 issue 23
Volume 1 issue 23
 
Volume 1 issue 4
Volume 1 issue 4Volume 1 issue 4
Volume 1 issue 4
 
2014 ATA Uganda World Congress Impact Report
2014 ATA Uganda World Congress Impact Report2014 ATA Uganda World Congress Impact Report
2014 ATA Uganda World Congress Impact Report
 
Volume 2 issue 7
Volume 2 issue 7Volume 2 issue 7
Volume 2 issue 7
 
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdfFinal_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
Final_Copy_Ekkula_Tourism_Awards_Magaine_Design_2022.pdf
 

More from Indo Africa Times

Volume 2 issue 14
Volume 2 issue 14Volume 2 issue 14
Volume 2 issue 14
Indo Africa Times
 
Volume 2 issue 13
Volume 2 issue 13Volume 2 issue 13
Volume 2 issue 13
Indo Africa Times
 
Volume 2 issue 12
Volume 2 issue 12Volume 2 issue 12
Volume 2 issue 12
Indo Africa Times
 
Volume 2 issue 11
Volume 2 issue 11Volume 2 issue 11
Volume 2 issue 11
Indo Africa Times
 
Volume 2 issue 10
Volume 2 issue 10Volume 2 issue 10
Volume 2 issue 10
Indo Africa Times
 
Volume 2 issue 9
Volume 2 issue 9Volume 2 issue 9
Volume 2 issue 9
Indo Africa Times
 
Volume 2 issue 6
Volume 2 issue 6Volume 2 issue 6
Volume 2 issue 6
Indo Africa Times
 
Volume 2 issue 5
Volume 2 issue 5Volume 2 issue 5
Volume 2 issue 5
Indo Africa Times
 
Volume 2 issue 3
Volume 2 issue 3Volume 2 issue 3
Volume 2 issue 3
Indo Africa Times
 
Volume 2 issue 2
Volume 2 issue 2Volume 2 issue 2
Volume 2 issue 2
Indo Africa Times
 
Volume 2 issue 1
Volume 2 issue 1Volume 2 issue 1
Volume 2 issue 1
Indo Africa Times
 
Volume 1 issue 50
Volume 1 issue 50Volume 1 issue 50
Volume 1 issue 50
Indo Africa Times
 
Volume 1 issue 49
Volume 1 issue 49Volume 1 issue 49
Volume 1 issue 49
Indo Africa Times
 
Volume 1 issue 48
Volume 1 issue 48Volume 1 issue 48
Volume 1 issue 48
Indo Africa Times
 
Volume 1 issue 47
Volume 1 issue 47Volume 1 issue 47
Volume 1 issue 47
Indo Africa Times
 
Volume 1 issue 46
Volume 1 issue 46Volume 1 issue 46
Volume 1 issue 46
Indo Africa Times
 
Volume 1 issue 43
Volume 1 issue 43Volume 1 issue 43
Volume 1 issue 43
Indo Africa Times
 
Volume 1 issue 42
Volume 1 issue 42Volume 1 issue 42
Volume 1 issue 42
Indo Africa Times
 
Volume 1 issue 41
Volume 1 issue 41Volume 1 issue 41
Volume 1 issue 41
Indo Africa Times
 
Volume 1 issue 40
Volume 1 issue 40Volume 1 issue 40
Volume 1 issue 40
Indo Africa Times
 

More from Indo Africa Times (20)

Volume 2 issue 14
Volume 2 issue 14Volume 2 issue 14
Volume 2 issue 14
 
Volume 2 issue 13
Volume 2 issue 13Volume 2 issue 13
Volume 2 issue 13
 
Volume 2 issue 12
Volume 2 issue 12Volume 2 issue 12
Volume 2 issue 12
 
Volume 2 issue 11
Volume 2 issue 11Volume 2 issue 11
Volume 2 issue 11
 
Volume 2 issue 10
Volume 2 issue 10Volume 2 issue 10
Volume 2 issue 10
 
Volume 2 issue 9
Volume 2 issue 9Volume 2 issue 9
Volume 2 issue 9
 
Volume 2 issue 6
Volume 2 issue 6Volume 2 issue 6
Volume 2 issue 6
 
Volume 2 issue 5
Volume 2 issue 5Volume 2 issue 5
Volume 2 issue 5
 
Volume 2 issue 3
Volume 2 issue 3Volume 2 issue 3
Volume 2 issue 3
 
Volume 2 issue 2
Volume 2 issue 2Volume 2 issue 2
Volume 2 issue 2
 
Volume 2 issue 1
Volume 2 issue 1Volume 2 issue 1
Volume 2 issue 1
 
Volume 1 issue 50
Volume 1 issue 50Volume 1 issue 50
Volume 1 issue 50
 
Volume 1 issue 49
Volume 1 issue 49Volume 1 issue 49
Volume 1 issue 49
 
Volume 1 issue 48
Volume 1 issue 48Volume 1 issue 48
Volume 1 issue 48
 
Volume 1 issue 47
Volume 1 issue 47Volume 1 issue 47
Volume 1 issue 47
 
Volume 1 issue 46
Volume 1 issue 46Volume 1 issue 46
Volume 1 issue 46
 
Volume 1 issue 43
Volume 1 issue 43Volume 1 issue 43
Volume 1 issue 43
 
Volume 1 issue 42
Volume 1 issue 42Volume 1 issue 42
Volume 1 issue 42
 
Volume 1 issue 41
Volume 1 issue 41Volume 1 issue 41
Volume 1 issue 41
 
Volume 1 issue 40
Volume 1 issue 40Volume 1 issue 40
Volume 1 issue 40
 

Recently uploaded

2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
CIkumparan
 
Gabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary JudgmentGabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary Judgment
Abdul-Hakim Shabazz
 
Youngest c m in India- Pema Khandu Biography
Youngest c m in India- Pema Khandu BiographyYoungest c m in India- Pema Khandu Biography
Youngest c m in India- Pema Khandu Biography
VoterMood
 
13062024_First India Newspaper Jaipur.pdf
13062024_First India Newspaper Jaipur.pdf13062024_First India Newspaper Jaipur.pdf
13062024_First India Newspaper Jaipur.pdf
FIRST INDIA
 
MAGNA CARTA (minimum 40 characters required)
MAGNA CARTA (minimum 40 characters required)MAGNA CARTA (minimum 40 characters required)
MAGNA CARTA (minimum 40 characters required)
Filippo64
 
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
ckn2izdm
 
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
LUMINATIVE MEDIA/PROJECT COUNSEL MEDIA GROUP
 
Essential Tools for Modern PR Business .pptx
Essential Tools for Modern PR Business .pptxEssential Tools for Modern PR Business .pptx
Essential Tools for Modern PR Business .pptx
Pragencyuk
 

Recently uploaded (8)

2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
2015pmkemenhub163.pdf 2015pmkemenhub163.pdf
 
Gabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary JudgmentGabriel Whitley's Motion Summary Judgment
Gabriel Whitley's Motion Summary Judgment
 
Youngest c m in India- Pema Khandu Biography
Youngest c m in India- Pema Khandu BiographyYoungest c m in India- Pema Khandu Biography
Youngest c m in India- Pema Khandu Biography
 
13062024_First India Newspaper Jaipur.pdf
13062024_First India Newspaper Jaipur.pdf13062024_First India Newspaper Jaipur.pdf
13062024_First India Newspaper Jaipur.pdf
 
MAGNA CARTA (minimum 40 characters required)
MAGNA CARTA (minimum 40 characters required)MAGNA CARTA (minimum 40 characters required)
MAGNA CARTA (minimum 40 characters required)
 
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
在线办理(latrobe毕业证书)拉筹伯大学毕业证Offer一模一样
 
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
Howard Fineman, Veteran Political Journalist and TV Pundit, Dies at 75
 
Essential Tools for Modern PR Business .pptx
Essential Tools for Modern PR Business .pptxEssential Tools for Modern PR Business .pptx
Essential Tools for Modern PR Business .pptx
 

Volume 1 issue 24

  • 1. www.indoafricatimes.com MONDAY | JUNE 23, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 24 • Page 12 • Price `10 pg 10 pg 04 pg 07 pg 02 Continued to page 03 pg 03 Addis Ababa - Madrid, 3 times weekly by Ethiopian Airlines June 23-25, 2014 International Exhibition & Confrence A frica is a matchless continent. The fact that agriculture is identified as the lifeblood of Africa, this sector utilizes 65 percent of Africa’s labor force and scores for 32 percent of Gross Domestic Product (GDP). Africa is and will stay as a fundamental development driver for the African continent. No doubt, Africa has the potency to become a food exporter through a mixture of state-of-the- technology, enhanced infrastructure and superior technical training. Realizing the importance of this sector, Radeecal Communications in an endeavor to bring the Government, entrepreneurs and institutions from India and Africa is organizing the Agritec Africa Exhibition and Conference which will held at Kenyatta International Center, Nairobi, Kenya during June 23-25, 2014. Africa has huge potential for Agricultural Get Ready for Agritec Africa in Kenya A business environment in constant improvement: BURUNDI Travel adventures in Rainbow Nation: South Africa I'll forever remain NDC – Mr. Beautiful Miss Seychelles 2014 Camilla Estico receives words of encouragement
  • 2. Wassupafrica02 European Bank seeks to finance Zimbabwe business T he European Investment Bank said it was considering funding private businesses in Zimbabwe despite Harare's $300 million debt to the institution. "We are here to explore the possibilities to reengage activities in Zimbabwe. We see possibilities with the private sector," said Diederick Zambon, who heads the Miss Seychelles 2014 Camilla Estico receives words of encouragement Miss Seychelles... another world 2014, Camilla Estico is passionately living to her aspired vision of the Seychelles new beauty queen. With Miss World beauty pageant coming up in December 2014, Camilla Estico is saying with conviction that she is not just going out there to win but to make Seychelles proud. As she seriously moves on with her preparation for Miss World, she can only keep her head high up with the support of people around her who believe she is blessed with the quality to make a difference in Miss World 2014 and fly the Seychelles flag high. One of Seychelles key figures who believes in her success is Alain St.Ange, the Seychelles Minister for Tourism and Culture. Camilla Estico accompanied by Sherin Naiken, the Chief Executive Officer of the Seychelles Tourism Board, paid a courtesy call on Minister St.Ange. The Seychelles Tourism Minister St Ange wishes Camilla all the best of luck in her preparations for Miss World. He showered her with words of advice and cautions. “Be Mellow and Confident. It will help you to reach to new heights in the coming world beauty pageant. You have a good chance to pull something out of this pageant and shock not only Seychelles, but the world at large. At the end of the day, you are a winner already because you are participating with the best in the world’’ said Minister St.Ange to Camilla Estico Minister St Ange spoke of the Miss Seychelles.... another world pageant as another platform for putting the Seychelles cultural diversity in the forefront. “When Seychelles Tourism Board launched Miss Seychelles... another world pageant, we wanted to remove the commercial side to the beauty pageant. Our goal was to put our people’s diversity of culture in the forefront’’ the Minister said For Miss Seychelles... another world 2014, Camilla Estico, her preparation for Miss World is “on a good start” and as she rightly puts it she is “looking forward to the journey ahead’. “Lots of hard work and determination is required of me throughout the year. Minister St.Ange gave me good and a very motivating advice. I am sure it will play positively in my preparations for Miss World" Camilla Estico, Miss Seychelles… another world 2014 said. Eturbo News Statement from the South African Department of Home Affairs There has been a lot of consternation regarding new regulations promulgated by the South African Department of Home Affairs regarding the need for children travelling with adults to be in possession of original unabridged birth certificates. SATSA has been actively engaging with our new Minister of Tourism Derek Hanekom, who in turn has been in discussions with his cabinet colleagues. It is with some sense of relief that the Department of Home Affairs issued a statement last night that the regulations will now only become effective from 1 October 2014. Please see the Department of Home Affairs website here. "I would like to assure members that SATSA will continue to oppose draconian legislation that impedes the tourism potential to South Africa," says SATSA CEO David Frost. "As an organisation we support the need for proper regulations with respect to incoming tourism, but the heavy-handed and non-consultative approach exhibited by the Department of Home Affairs is to be strongly countered." Frost furthers: "This extends to the imposition of biometric visa requiring applicants to appear in person, which will severely impact growing markets such as India and China. Furthermore, we will work with our fellow associations BASA, ASATSA and Fair Trade in Tourism, through the auspices of the Tourism Business Council of South Africa (TBCSA), and our Ministry of Tourism, to seek a more structured engagement with the Department of Home Affairs, where we can assert a tourism agenda in these deliberations." Eturbo News To book your Advertisement please email to ads@indoafricatimes.com or call at +91 8130796166 +91 9310572255 banks division for southern Africa and Indian Ocean. He told journalists that the private sector was "the backbone of the economy" and crucial to the further development of the country. The loan facilities will be channeled to small business enterprises including in the agriculture, manufacturing, water and telecommunications sectors. ZambonstatedthatZimbabwe's arrears to the EIB are over $300 million (220 million euros) and that his team would meet with the country's finance minister as well as central bank officials over the debt. "At the same time we are here to discuss the problem of the arrears and to try to find a positive way forward," he said. Zimbabwe is battling to rebuild the economy battered by years of political turmoil that saw the seizure of white-owned farms. The European Union imposed travel bans and asset freezes on long-ruling President Robert Mugabe, his inner circle and linked companies, following elections in 2002 which western observers said were rigged to hand him victory. The EU lifted most of its sanctions last year but an asset freeze and travel ban remains for the veteran leader. After winning elections last year Mugabe called for the EU to boost ties with Zimbabwe and the removal of sanctions. The EU and United States rejected the recent vote on grounds that the polls were not credible. Modern Ghana Camilla Estico, Miss Seychelles 2014  MONDAY | JUNE 23, 2014
  • 3. Wassupafrica 03 FROM PAGE 01 growth, thanks to ample amount of Land and Water Resources. Yet, land and agricultural productivity are found to be one of the lowest in the world in Africa, Agriculture employs 65% labour force. Agriculture sector accounts for 32% of GDP of Africa. Africa requires attention on three core areas for Higher and Sustained growth: facilitating agricultural markets and trade, improving agricultural productivity, investing in public infrastructure for Agricultural Growth. The economy of Kenya is the largest by GDP in East and Central Africa. Agriculture is a major employer and the country traditionally exports tea coffee and most recently fresh flowers to the Europe. The service industry is a major economic driver. Kenya's monsoon seasons start during April to June, after which 'short rains’ season occurs till November. Currently Kenya is aiming to create a globally competitive and prosperous nation with a high quality of life by 'Vision 2030'. The vision is anchored on three 'My Culture Rocks' Street Carnival to hit Accra on June 28 The Ministry of Tourism, Culture and Creative Arts is set to host this year's edition of the Accra Street Carnival on June 28-29, 2014. The event, dubbed 'My Culture Rocks' is aimed at diversifying the country's tourism, cultural and creative arts products and use the event as a tool to create employment and income opportunities for Ghanaians. The Ministry further seeks to use the event as an incubator for creative industries, skills development and providing individuals with creative opportunities that they might not otherwise have previously considered. The 2014 carnival, which is anticipated to involve all the 32 participating nations in the 2014 FIFA World Cup in Brazil, is projected to attract over 5000 participants from within Ghana and the Diaspora. The event would commence with the congregation of participants at the Nima Cluster of Schools, from where there would be a procession through the Ring Road, Osu Oxford Street and finally converging at the Black Star Square, where giant screens would be mounted for soccer fans participating in the carnival to have the opportunity to watch the live matches of the World Cup soccer fiesta for the two days, amidst fanfare. Patrons and commuters alike are assured of enough security arrangements that have been put in place to ensure a smooth carnival, so that the event does not unduly interfere with pedestrian and vehicular movements. This year's street carnival is undoubtedly going to be the biggest yet. There has been huge interest from the corporate world and many media houses to ensure the sustainability of the carnival. Street carnivals over the years have been organized by many developed and developing countries as central component of the wider regeneration of urban areas; since the event provides a platform for regeneration of municipalities, social, cultural, human and intellectual capital and also generate support for local economic development. It is worth-mentioning that a carnival teaser organized by the Ministry in September 2012 was followed with the maiden event in June, 2013. It is one of the many cultural events the Ministry is using to increase the attractiveness of the country for tourism and potential investors. Modern Ghana as third leading exporter of fresh produce, such as cabbage, onions and mangoes. Small farms grow most of the com and also produce potatoes, beans and peas. The Agriculture Sector in Kenya is very influenced by externalities, including weather conditions and global economic and financial developments. The significance of the Kenyan agricultural sector is reflected in numerous national strategies and policies. Government of Kenya currently implementing Strategy for Revitalizing Agriculture (SRA) with the intention to "Transform Kenya's Agriculture into profitable, commercially oriented and internationally and regionally competitive economic activity that provides high quality gainful employment to Kenyans". The Strategic areas included 1) Streamlining Agricultural policy Framework 2) Creating an enabling environment for the private sector 3) Improving delivery of support services 4) Promoting marketing, agro- processing and trade 5) Main streaming agriculture development issues in other sectors 6) Strengthening institutional implementation monitoring frameworks The Exhibition is open for all companies and organizations with products or services related to the following topics: • Agri Ecology • Agricultural Building Contractors • Agricultural Machinery Equipment • Agro and Food Processing • Aquaculture • Biotechnology • Fertilizers Chemicals • Floriculture key pillars; economic, social and political Governance. Agriculture Sector contributed 24% in the total GOP of Kenya in year 2011 -as per the Kenya National Bureau of Statistics 2012. Kenya's Agriculture Sector directly influences overall economic performance through its contribution to GOP. Periods of high economic growth rates have been synonymous with increased agricultural growth. Several untapped crops cultivation in Kenya which can effect African economy - Tea, Coffee, Sugar, Horticulture, floriculture, cotton, Macadamia Nuts, etc. Presence of RD centers, Agricultural Infrastructure, Agricultural University, Government Support, Initiative of NGOs and other associations have made Kenya a unique choice for such as International Exhibition on Agriculture Technologies. Although farming is the most important economic sector in Kenya, less than 8% of the land is used for crop and feed production and less than 20% is suitable for cultivation. Kenya is a leading producer of tea and coffee, as well bring the number of the airline’s international destinations across five continents to 83. The flights will provide the best connectivity options between Spain and East and Southern Africa. Madrid,thepolitical,economic and financial hub of Spain, is the country’s biggest and Europe’s the third largest city. It also houses the headquarters of the World Tourism Organization and numerous major corporations. We are very pleased to announce to our esteemed customers that Ethiopian will start services to Madrid, bringing the number of our European destinations to ten. The continued expansion of our network in Europe will enable our customers to enjoy wider choice of connectivity options when travelling between Europe and Africa. Spain is a major tourist originatinganddestinationcountry. Our new route to Madrid will create opportunities for further strengthening the investment, trade, and tourism ties between Spain and 49 destinations in Africa with convenient and seamless connection through our main hub in Addis Ababa., said Ethiopian Airlines Group Chief Executive Officer, Tewolde Gebremariam. Passengers to and from Madrid will enjoy convenient connections to destinations in Ethiopian wide route network such as Zanzibar, Kilimanjaro, Dar es Salam, Nairobi, Entebbe, Lusaka, Luanda and Johannesburg. Eturbo News • Fork lift Handling Equipment • Greenhouses • Horticulture • Irrigation and Water Technologies • Livestock Dairy Farming • Marketing Export / Import Services • Organic Agriculture • Plant Protection • Plasticulture • Post-Harvest Treatment • Poultry • Precise Agriculture • R D • Renewable Energy • Development • Seeds, Nurseries Plant Propagation Materials • Small Ruminants • Software Hardware • Veterinary • Turnkey Projects Knowledge Transfer This International conference on agriculture and industry presentations will be organized during the event. This conference will be based upon agriculture industry, profession and fandom. It will focus on versatility of agricultural segment in different zones, feature keynote speakers and other key information and activities of industry. The organizers of Agritec Africa, Radeecal Communications specializes in conceptualizing, planning, organizing/managing IndustrySpecificevents,intandem with various Associations and Industry leaders. The objective is to create a neutral platform for the players of the Industry to assemble under one roof, share information and knowledge, both technical and trade oriented, understand the market dynamics – existing and future (short term, mid-term and in the long term) and trash out the issues, and come to conclusions that shall benefit the Industry as a whole. Addis Ababa - Madrid, 3 times weekly by Ethiopian Airlines starting September 2 Ethiopian Airlines, the largest airline in Africa, is pleased to announce that it has finalized preparations to start three weekly services to Madrid, Spain starting from 2 September 2014. Ethiopian flights to Madrid will be operated through Rome and will mONDAY | JUNE 23, 2014
  • 4. T he attractiveness of Burundi as a place to invest lies on the improvement of the business climate by the Government. The efforts in improving the latter are focused on increasing the competitiveness of the economy in order to enable the Burundian Economy in order to take advantage of the opportunities offered by open markets. Burundi is member of economic communities CEPGL, COMESA, EAC totaling more than 20 countries and 450 million consumers. Since 2008, the process is started for the integration of these communities into a single regional community, (AEC) African Economic Community. Indeed, if the infrastructures of transportation are developed further, countries such as Rwanda and Uganda will make the choice of transiting their goods through the port of Bujumbura for their commercial exchanges with Southern Africa via Tanganyika Lake. The same applies to the exchanges between the east of the Democratic Republic of Congo and Congo and Eastern Africa, Burundi could represent a strategic position for foreign investors wishing to invest in the region and to enter neighboring markets. Burundi’s integration to several economic communities such as EAC and COMESA. This gives Companies established in Burundi access to a wider market larger than 450 million consumers. • Promising business sector; • A country in full reconstruction; • The new investment coed incentives; • Freedom of settlement and investment; • Granting of visas, fixing and moving residence to expatriates required by investment freedom, title to any person or entity, without any discrimination Capital Transfer: Capital transfer advantages include: • Free transfer of foreign capital and income after payment of taxes. CountryoftheWeek04 Advertiser's Index Eurekahomes ................................................................................ Page 01 Modern Agro Engineering Works .................................................. Page 02 Chadha Power ............................................................................... Page 02 SSP Pvt. Ltd ................................................................................... Page 03 The Times of Africa ........................................................................ Page 05 Expo Group .................................................................................... Page 07 JP Mukharjee ................................................................................. Page 08 Mill India Ltd. .................................................................................. Page 10 Paranthaman .................................................................................. Page 10 Laxmi Publications ......................................................................... Page 11 Prakash Amusement ..................................................................... Page 11 AITEC ............................................................................................. Page 12 • Transfer of unused professional income by foreign employees. • The transfer of capital remuneration in the form of dividends, in full for enterprises with foreign capital: • Protection of private property: • Non- nationalization and non- expropriation of investments implemented in its territory as well as any measures of equivalent scope. Tax Advantages All new investments are automatically entitled to: • Waiving of mutation on the acquisition of property rights and land: • Deduction of 37% as tax credit on the amount depreciable invested good: • No refund to the fiscal administration with disposed assets that raised tax credit for a period of five years: • Tax credit during the implementation of investments for new businesses or for the extension of existing businesses: • Reduction of 2 and 5% in the rate of tax credit on the profits of companies that BURUNDI AT A GLANCE Country Official Name: Republic of Burundi Head of the State: H.E Pierre NKURUNZIZA Capital: Bujumbura Independence: The 1st of July 1962 Religions: Roman Catholic (62%),Indigenous (23%), Islam(10%), Protestant(5%) Government: Democratic Total Area: 27 834 Km2 GDP: GDP per person: 350 USD ( average) Inflation Rate: 5% Population: 8 800 000 inhabitants Languages: Kirundi (National language), FRENCH and ENGLISH Climate: Tropical Export Items: Coffee, tea, manufactures Natural Resources: Nickel, cobalt, copper, platinum, gold, tin, limestone ,etc Currency: Burundi Franc, BIF respectively employ between 50-200 employees and over 200 employees. An Investment Promotion Agency (API) entirely at your service The IPA: • Has several high-qualified bilingual French- English staff; • Assists investors in all steps: drafting of statues, registration of companies in Burundi, obtaining tax identification, compiling the file required to access the investment code incentives, obtaining work and residence permits, etc. Performance Requirements and Incentives Incentives include: • Exoneration of charges incurred for acquisition of buildings and land; • Cooperate tax credit equivalent to 37% of the value of depreciable goods invested for any investment of at least BIF 100 million (app. 77,000 USD) creating at least 10 permanent jobs for Burundians in Bujumbura, or any investment of BIF 50 million(app. 38,500 USD) creating 5 permanent jobs for Burundians outside Bujumbura; • Raw materials and capital goods rated at 0% during customs clearance; • No payment of VAT (18%) on imported investment goods for any investment at least 500 million BIF; • Corporate tax reduction of 2% and 5% for companies employing respectively between 50-200 employees, and more than 200 employees. Performance requirements or incentives are applied fairly and uniformly to both international and domestic investors. To encourage investment Burundi applies investment incentives to both international and domestic companies in the form of income tax deferrals, and exemption from from import and export duties. Burundi does not impose conditions on permission to invest, except for companies that apply for special incentives, such as specialized tax advantages embedded in the investment code. The government of Burundi does not enforcement procedures on companies, and investors are not required to disclose propriety information to the government as part of the regular process. Burundi does not impose any discriminatory or excessively onerous visa residence, or work permit requirements that would hinder a foreign investor’s mobility, or discriminatory export or import policies. Free Zones The regime gives legal status to companies who automatically qualify for a set of tax and customs exemptions. The regime has the distinction of being organized as a legal unlimited geographical area. Free zone companies are divided by sector and are referred to as free companies in the industrial, commercial, services or agricultural sectors. The main criteria for eligibility are: • The export of all production; • Creation of substantial added value; • Compliance with environmental, health and safety regulations; • The importation or re-export after further processing or packaging of imported products can be based on a list established by the minister responsible for the free zones. The main benefits of the free zones are: • Full exemption from corporate tax for the first ten years of operation and payment of a reduced rate of 15 % thereafter; • Tax exemption on dividends for an unlimited period • Right to repatriate capital and income • Permission to have foreign currency bank deposits; • More flexible labor regulations than that provided in the Labor Code; • Imports of business located in these zones are exempt from all duties and taxes, direct or indirect, without an import license; • The regime also applies to duties on exports. Burundi is a member of many Regional Economic Communities and accordingly has preferential access to many international markets. Below is a list of the main organizations of which Burundi is a member. BURUNDI A Business Environment in Constant Improvement MONDAY | JUNE 23, 2014
  • 5. T he service allows customers of the BNP Paribas group (BICICI in Côte d'Ivoire) to carry out real-time banking operations without going to their banks, simply by using their Orange Money account. Customers can transfer money to their Orange Money account directly from their BNP Paribas bank account, or vice versa, simply, quickly and securely. This flexibility in transferring money between bank accounts and mobile accounts will make it easier to use the services already offered by Orange Money, such as payment for goods and services (water, electricity and television bills, etc.) and purchases of BusinessBuzz 05 Orange and BNP Paribas open new retail mobile banking services in Africa with Orange Money airtime credit. The large network of licensed Orange Money distributors will supplement the network of BNP Paribas bank branches, offering a maximum number of cash withdrawal points to all customers, particularly in more remote areas. 'Orange Money and BNP Paribasarejoiningforcestodeploy Orange Money services to banking customers in their common sales territories in Africa. BNP Paribas customers will thus benefit from Orange Money functionalities such as money transfers, bill payments, merchant payments and purchases of airtime credit. The synergies of our businesses will make it easier for customers to manage their money, wherever they are in the country and at any time of the day,' says Thierry Millet, Director of the Payments and Contactless Programme at Orange. 'This agreement gives Orange Money customers access to new banking services (savings account, international bank card, etc.) and gives BNP Paribas customers access to an extensive withdrawal/deposit network and the possibility of paying bills or buying telephone credit from their mobile phones,' adds François Benaroya, Retail Director in the International Retail Banking branch of BNP Paribas. Through the new partnership, Orange Money and BNP Paribas pledge to increase the percentage of the population holding bank accounts by offering a fast, secure and reliable service for managing all daily banking operations. Orange Money currently has more than 10 million customers in 13 countries in Africa and the Middle East. Subscription to the Orange Money service is free of charge. Modern Ghana MTN ranked among top sustainable global companies by Newsweek MTN has been rated among the top 500 global companies on corporate sustainabilityandenvironmentalimpact in the 2014 Newsweek Green Rankings. The rankings are one of the world’s most recognized assessments of corporate environmental performance. The 2014 Newsweek Green rankings measured the environmental performance of large public companies using eight performance indicators, including combined energy and waste productivity, according to said Paul Norman, the MTN Group chief human resources and corporate affairs officer. He said MTN was ranked in position 276, with a Green Score of 35.4 per cent. Newsweek partnered with Corporate Knights Capital and leading sustainability minds from non-governmental organizations and the academic and accounting communities to complete the rankings, he added. “The ranking is particularly significant for MTN because we are in ‘a small select group of global companies’ whose revenue is generated off a relatively low environmental impact basis,” said Norman. He said the firm operates in some of the most environmentally- vulnerable parts of the world, where their customers often have the fewest economic resources to cope with the effects of climate change. “As a result, we are conscious of the positive role they can play.” In a similar development, MTN South Africa has partnered with the National Business Institute’s Private Sector Energy Efficiency in an initiative that complements MTN’s UN Carbon Emission Reduction tri- generation programme and other energy conservation activities. These initiatives will help MTN to further improve on efforts to reduce energy costs and greenhouse gas emissions. Norman said the telecom’s efforts to reduce energy use and switch to alternative energy in Africa and the Middle East has seen customers in Uganda, Rwanda and Nigeria embrace affordable solar-powered charging solutions, while climate-friendly technologies have been implemented in Cyprus and Swaziland. “MTN also offers cloud-computing and machine-to-machine products to address water leakage, air quality requirements, grid power and much more,” he added. New Times Orange Money mONDAY | JUNE 23, 2014
  • 6. E conomic development is the utmost significant substance in nurturing people’s proceeds and plummeting poverty in the evolving world – it crafts jobs and openings for poor people to upkeep their folks and shape more firm futures. Many emerging economies face specific challenges that mark it challenging for them to arouse and endure economic development. These challenges take account of weak institutes, high redundancy, unfortunate set-up, absence of access to financial facilities and inappropriate laws and guidelines. Africa, universally outlined as the thriving and prosperous continent at the moment was once, unfortunately termed as the Dark Continent. Today, African countries with their thirst and pledge are travelling the path of success and removing the tag which they had. After years free standing the global financial majority, Africa is at the present fetching one of the world’s fastest-growing evolving markets and a progressively lucrative investment destination. There are flawless ins and outs for this melodramatic reconsideration. African markets are escalating on the back of growing commodity prices, trade and foreign investment, while increasing consumer affluence is assisting to push the call for goods and services. What’s next, the advancement to date is shadowed by Africa’s gigantic latent for economic growth, powered by current upgrading in business environments and growing globalization. Likewise, many African nations go forward to be held back by concerns such as political and civil uncertainty, poverty, poor infrastructure and apprehensions over governance, more and more African countries are at this time choking these fences. In nations across the world, understanding displays that financial improvement is intricately allied to a strong banking sector. Banking, through its naturally vibrant character in supporting an economy, lifts economic action. Other financial services companies also have an imperative persona to play, as providers of facilities and developers of financial infrastructure. To convey these paybacks more efficaciously in Africa, major banks and insurers are now actively investigating how best to magnify their footmark there. India has, for a long time, documented the social and economic requirements for a comprehensive financial enclosure and has made a colossal contribution to economic expansion by finding state- of-the-art techniques to empower the poor. Beginning with the nationalization of banks, primacy sector lending requirements for banks, lead bank scheme, FRANKLY SPEAKING06 Geevarghese Vaidyan SBI Regional Head, Africa Yaduvendra Mathur EXIM Bank’s Chairman and Managing Director By kirit sobti, editor, iat editor@indoafricatimes.com Standard Chartered Ghana signaled a significant success in accomplishing profits and income by delivering one of the best financial results in the past few decade. The bank’s profit before tax increased by 60 per cent to GH¢273 million while income elevated to 49 per cent to GH¢420 million. On publicizing this powerful performance to shareholders of the bank in Accra, the management noted that they ensured a strong balance sheet by registering their confirmation of bank’s guarantee to deliver on target, and development of its client-led strategy even more. The bank even revealed how its incessant commitment to maximize shareholder value was its first criteria even after the adverse effects of the dollar liquidity squeeze in Ghana last year, which at last resulted in improving its revenue streams. Other results include, wholesale banking income, which grew by 59 per cent to GH¢267 million, with an operating profit before tax up by 60 per cent to GH¢203 million. Worth to mention that the consumer banking income grew by 34 per cent to GH¢153 million, with a profit before tax of GH¢70 million, up by 63 per cent. Earnings per share (EPS) grew by 52 per cent to GH¢1.77, with Return on Equity (ROE) at 43 per cent. Kweku Bedu-Addo, Chief Executive, Standard Chartered Bank Ghana on this achievement commented: “Our overall performance in 2013 is an achievement we are very proud of as a bank, because it demonstrates that we are building a sustainable business with a healthy balance between the pursuit of profits and ensuring a robust risk management and compliance culture.” He, on the other hand, articulated his apprehension on developing tertiary sector and deteriorating agriculture and manufacturing sector. He noted that Ghana’s economy had become less reliant on agriculture, which serves as the bedrock of the Ghanaian economy. Standard Chartered furnishing finest financial solutions creation of regional rural banks (RRBs), service area approach, self-help group-bank linkage programme, etc., multiple steps have been taken by the Reserve Bank of India (RBI) over the years to upsurge access to the poorer segments of society. India- Africa Financial relationship got a new definition when the first ever high-level India-Africa business conclave, CII-EXIM Bank Conclave organized by the Confederation of Indian Industry and India’s Export Import (Exim) Bank in collaboration with other government ministries and the African Development Bank in March 2005. The conclave has went through great sustenance and approval in the industry and has become a vibrant, popular and busy annual event. In the recent 10th CII-EXIM Bank Conclave, India-Africa shared a great deal of business as both the economies got to know about each other more. Furthermore, bilateral trade between India and Africa increased from $25 billion in 2006-07 to around $70 billion in 2012-13. However, the Indian government aims to reach $200 billion by 2020. On the other hand, according to a CII-World Trade Organization report published in 2013, India-Africa trade is estimated to reach $90bn by 2015. Indian economists have never left any stone unturned to prove India’s mettle, this is always have been liked by the world. Similarly, Africa is also putting its faith in Indian banks and their strategies. Indian commercial banks in Africa are expanding enormously and strengthening their foothold by being in the market, operating with businesses and customers while building two-way trade and investment. India’s historical and bilateral ties with the continent are captivating Indian banks to boost their grasp as the banking market holds a great growth potential with renowned Indian banks in Africa are such as Bank of Baroda, SBI, Bank of India, ICICI Bank, etc. Sub-Saharan Africa, for example, rules the queue in appealing bankers globally with retail banking anticipated to grow 15 per cent annually by 2020. Worth to mention, among all the Indian banks, state-owned Bank of Baroda has the biggest network of 45 branches in Uganda, Kenya, Botswana, Tanzania, Mauritius, South Africa, Ghana and Seychelles. Bank of Baroda and Bank of India were the first Asian banks to start operations in Africa. With the Indian banks getting such a welcome in the African market it’s crystal clear that African business is growing and job generation is taking place. Presently, the picture of Africa is changing with emergence of new and confident middle class while trade and investment is growing swiftly, especially with engagements with India. And Africa is leaving behind its old technologies and joining the world in innovations such as mobile payments. Now, if finance relationship grows at same pace, trade and investment ties will grow and more Indian banks will have even more reasons to be active in Africa. It’s equally important to have excellent political equations between the governments and expanding potential for economic ties which is essential to provide the necessary incentive for establishment in and of the continent. SBI’s banking presence in the African continent, apart from South Africa, extends to Mauritius, Nigeria, Egypt and Angola. SBI is also in the process of setting up its subsidiary bank in Botswana and is keenly looking to expand to other growing economies of the continent. African continent is one of the most important partners for the country and 11 fastest growing economies in the world are in Africa. We are looking at infrastructure development in Africa, the big project exports. We are encouraging entire private sector in India to get into these sectors. Indian Banks putting faith in Africa Sub-Saharan Africa, for example, rules the queue in appealing bankers globally with retail banking anticipated to grow 15 per cent annually by 2020 MONDAY | JUNE 23, 2014
  • 7. TRAVELtourism 07 S outh Africa is an incredible nation for some very different and amazing reasons. It has some very striking regions with sights of fanciful beauty. There are some tremendous game parks with a variety of wild animals, birds and reptiles. Where else in the world can you drive into a park like our Kruger National Park where many species can be watched from your car or a tour bus. You can really look out nature doing its own thing. You may be blessed enough to see a pride of lions stalking and take by surprise something like a zebra or wildebeest and actually making a kill. South Africa brags a number of extremely -modern yet typically African cities, where skyscrapers, boutiques, and 5-star hotels co- exist harmoniously with vivacious African markets and jam-packed settlements. Iconic Cape Town knew its first inhabitants as early as 100,000 BC. Today, it is a diverse city of awe-inspiring magnificence encircling a Natural World Heritage Site, the Table Mountain National Park. Durban is a widespread holiday destination in which the shades, spices, and songs of its people have welded into an exclusive new drapery, and Johannesburg or eGoli (place of gold) became a city in 1886, during the gold rush. Today, Johannesburg and its more African alter ego, Soweto, forms the pulsing industrial heart of South Africa. South Africa is at the moment one of the largest economic sectors in South Africa with around 700 hotels, 2,800 guest houses, and more than 10,000 restaurants. The Rainbow Nation is well branded for its ecotourism, including photographic safaris, bird watching, botanical studies, mountaineering, snorkeling, and hiking. The country boasts several National Parks, with the largest being Kruger National Park in the Northern Province and Mpumalanga. Major tourist magnetisms include Table Mountain and the cable way, Victoria and Alfred Waterfront, Cape of Good Hope Nature Reserve, Kirstenbosch National Botanical Gardens, Oudshoorn (Cango Caves, Cango Crocodile Ranch, Highgate and Safari Ostrich Farm), Karoo National Park, Sea World, Howick Falls, Drakensberg, Umfolozi Game Reserve, Natal National Botanical Gardens, St. Lucia Game Reserve, Pilgrim’s Rest, Gold Reef City, Pretoria National Botanical Gardens, Warmbaths, Sun City, Lost City, and Pilanesberg National Park. Pretoriaisacitypositionedinthenorthern part of the Gauteng Province, beforehand known as Northern Transvaal, South Africa. Even though mainly a government-based city, it is also a place of culture, with theatres, museums, and monuments. Pretoria is located in the transitional area between the Highveld and the Bushveld, approximately 50 km north of Johannesburg and lies in a warm, well sheltered, fertile valley, enclosed by the hills of the Magaliesberg range. This country’s exquisiteness, plentiful wildlife, captivating history, and culture are major tourist attractions that have grown globally to become iconic, travel destinations. South Africa’s eight UNESCO World Heritage Sites are: Cradle of Humankind, Mapungubwe CulturalLandscape,RobbenIsland,CapeFloral Region, Isimangaliso Wetland Park, Vredefort Dome, the uKhahlamba/Drakensberg Park, and the Richtersveld Cultural and Botanical Landscape. There's more than one way to get to South Africa. All the big cruise liners dock in Cape Town and sometimes Durban but for most travelers flying is the choice of travel. South Africa has 10 principal airports, including 3 major international airports. Tambo International Airport (formerly Johannesburg International) is the major gateway, offering both domestic, African regional, and international connections. There are also an increasing number of international flights direct to and from Cape Town, and a few direct to and from Durban. And for cross- border flights to neighboring countries, there are more than 30 airports in South Africa, ranging from small to large. South Africa is served by more than 70 international airlines and its national carrier, South African Airways, flies to many destinations in Europe, North and South America, Asia, Australia, New Zealand, and the rest of the African Continent. Travel adventures in Rainbow Nation mONDAY | JUNE 23, 2014
  • 8. TALKINGTECHNOLOGY08 B lend Financial Services Ltd. (BLEND) was set up in 1997 in Mumbai and over the years has emerged as one of the leading financial and management advisory company. Headquartered in Mumbai, it has offices in UAE, Singapore, Hong Kong, and Kenya along with five major cities in India. In addition to these locations the company is very active in the financial markets of London, New York, Geneva and GCC countries for meeting the varied funding requirements of its clients. The core business is driven by a multi disciplinary team of over 120 experienced professionals from rich and diversified backgrounds guided by an eminent panel of Experts from industry, banking and financial sectors. Why BLEND? Exceptional Reach to Lenders Globally: BLEND maintains and nurtures strong relationships with over 300 banks and financial institutions at the decision-making level across Asia-Pacific, Europe, Russia, Americas and Africa. Ability to Raise Funds in Multiple Geographies for Same Client: Having access to lenders and financial institutions globally has equipped BLEND to be in a unique position to provide a global platform to raise money for large and mid-sized companies, which are present in one market but also aspire to set-up and/or expand in virtually any country in the world. Innovative Transaction Structuring Capability: BLEND has been a pioneer in providing be-spoke solutions with wide structuring capability by way of using various credit enhancement mechanisms including insurance wrapped structures with a combination of structured trade finance, ring fencing country and / or Utility risk etc.. Giving Access to Aspirational Cost of Funds: Through Blend’s innovative structuring capabilities andextensivenetwork,clientisnot only able to achieve successful and timely financial closure but also is able to optimize cost of funds at lowest possible benchmark-levels in respective markets. Preferred Partner for Lenders: Over a period of time BLEND has become the partner of choice as it brings to them access to top-most and premier clientele with strong risk profiles and credit enhanced transaction structures. Exemplary Track Record: BLEND has a track record of successfully working with over 1500 corporates world-wide in last two decades and is currently executing a deal pipeline of over USD 7 billion across sectors and geographies. BLEND IN AFRICA Capacity building for banks and institutions BLEND has partnered with the African Export Import Bank, (Afrexim Bank) for promoting factoring across the African continent that will facilitate increased lending to the under-served SME sector. BLEND is also an Executive Committee Member of the Africa Chapter of International Factors Group (IFG) which has a mandate to promote factoring across Africa.. BLEND has developed a co-branded factoring Advisory Product called “AFRIFACTOR” with Afreximbank which will be shortly rolled out pan-Africa on Build-Train-Transfer (BTT) model. BLEND’s recently executed projects includes advising Jamii Bora Bank, Kenya to setup “first of its kind” factoring business platform in East Africa on build, operate, train and transfer model. MOCs signed with African Guarantee Fund for enhancing capacity in Financial Sector in Africa; Kenya Investment Authority and Water Sanitation for Africa, an entity set-up by 32 African Governments headquartered in Senegal. Larger Production suite to cater to every situation: Blend’s specialized banking product offerings include: » CMA Financing » Structured Trade Finance » LC/TR Financing » Factoring » Alternative Trade Finance » Vendor Financing » Subsidiary and / or SPV funding » Project Financing » Term Loans » Working Capital both fund and non-fund limits » LBO Financing » Mezzanine Financing » Credit Insurance Advisory » Giving access to Government projects in Africa to corporates » Factoring advisory to Lenders » Leasing business advisory to Lenders » Developing SME Finance products Advising Corporates on their fund raising initiatives: Currently, BLEND is working in over 20 countries in Africa on diverse transactions and expanding its activities to cover larger number of countries going forward. With wide coverage in African markets, BLEND provides customized banking solutions to clients for meeting their trade and project finance requirements. From plain vanilla term loans to structured trade finance solutions, the range of products is integrated and multi-dimensional in nature with end-to-end solutions that could be optimally customized across multiple jurisdictions. The deal ticket sizes range from USD 10Mn to USD 1Bn+ being significantly wide. BLEND has developed close relationships with over 100 banks/ financial i n s t i t u t i o n s / m u l t i l a t e r a l Global Expertise in banking for African Markets institutions/development finance institutions and government agencies in Africa, which keeps growing with each passing day. Select Ongoing Mandates as follows COUNTRY SECTOR FACILITY TYPE QUANTUM Kenya, Tanzania, Nigeria, Namibia and Uganda. Power transmission sector Guarantee, Letter of Credit and Asset Finance USD 280 million Ghana, Kenya, Nigeria, Malawi, Zambia Agri commodities Trading Trade Finance Bill Discounting USD 500 Million Kenya Infrastructure – Roads Working Capital Project Finance USD 160 million Ghana, Kenya, Sudan, Egypt Steel Industry Import Financing Facility Term Loan USD 200 Million Malawi, Zambia, Tanzania Fertilizers Structured Trade Finance Facility USD 100 million Pan-Africa Agri commodities trading Trade finance USD 100 million Malawi Integrated – Sugar Factory Term Loan USD 80 million Kenya, South Africa, Mozambique, Ivory Coast, Cameroon Agri commodities - Rice Structured Trade Finance facility USD 100 million Ghana Infrastructure- Water Supply Term Loan USD 100 million Zimbabwe Power Term Loan USD 55 million Cameroon sugar , power and distillery Term Loan working capital USD 90 million Ghana Agri commodities – Cashew Processing Refinancing facility of Working Capital USD 30 million Tanzania Petroleum – Used Oil Refinery Term Loan for reimbursement of cost of setting up the project. USD 27 million Sierra Leone Power - Rural Term loan USD 25 million Gabon Timber Processing Term Loan and Working capital funding USD 12 million For further information please contact: Mr. Manish Khilnani VP- Africa Business Strategy Board Line: 91-22-67770000; Direct: 91-22-67770054; Mobile: 91-9833778118; Email-Id: manish@blendfinance.com Website: www.blendfinance.com Ms. Isha Desai CRM- Africa Desk Board Line: 91-22-67770000; Direct: 91-22-67770051; Mobile: 91-9820371739; Email-Id: isha@blendfinance.com Website: www.blendfinance.com  In the first row-sitting - Dr. Benedict Oramah, Afreximbank Executive Vice-President (7th from left) with presenter O.S. Vinod, Director, BLEND Finance (9th) at the Afrexim Bank Factoring Conference in Douala, Cameroon for Bankers in Africa. MONDAY | JUNE 23, 2014
  • 9. TRYSOMETHINGNEW 09 Ingredients • 6 medium baking potatoes • 3/4 cup, cheddar cheese, shredded • 1/3 cup, butter • 6 slices bacon, fried and crumbled • 1/3 cup green onion, thinly sliced • Salt pepper Prepration Method 1. You can add these ingredients to the mashed potato centers if desired. 2. 1/3 cup milk 1/4 cup butter salt and pepper a few drops hot sauce Scrub potatoes, dry, then pierce with fork several times. 3. Arrange on a baking sheet and bake in 375 degree oven for about 1 hour or until tender. 4. Let stand until cool enough to handle. Cut potatoes in half lengthwise and scoop out centers, leaving 1/8 potato in shell. Must make snack Times Gehena Surat By having a direct conversation with the wedding professionals, the wedding couples can adopt the techniques which will help them in making their wedding unique and different from others. This show will also attract experts related to wedding industry to focus on the marketing opportunities associated with the wedding industry. Times Gehena Surat is designed to provide useful as well as relevant information to the interested bride and groom and the attendees those who want to make their wedding attractive as well as decorative. Date: 01-03 Aug 2014 Venue: The Grand Bhagwati Surat, India Gifts World Expo - Delhi The Gifts World Expo is one of the highly distinguishable expo for corporate gifts premiums. Hosted by the Media Expositions Events at Pragati Maidan, New Delhi, India, the event emerges out as a rendezvous between various professionals of the sector from all parts of the world. It is the niche event in displaying acrylic gifts, calculators, candles, ceramic gifts, chocolates, toys games, home appliances, key chains, lamps, leather gifts etc. Date: 01-03 Aug 2014 Venue: New Delhi, India Vastra Vibha Exhibition Vastra Vibha Exhibition is a 3 day event being held from 2nd August to the 4th August 2014 at the Sri Satya Sai Nigamagamam in Hyderabad, India. This event showcases products like Designer Apparel, Imitation Jewellery, and Fashion Accessories etc. in the Apparel Clothing industry. Date: 02-04 Aug 2014 Venue: Sri Satya Sai Nigamagamam, Hyderabad, India Bakery Expo This event showcases products like baking ovens, bakery bread plants, bread slicers, bun dividers, cookie mfg. Machines, packaging machinery, pizza ovens, microwave ovens, refrigerated display counter, dough sheeters, planetary mixers, baking agents, chocolate manufacturers, raw materials, bakery enzymes, chocolate finishing ingredients, partly baked and finished products, ice cream dispensers, decorative items baking accessories, laboratory measuring equipment, bakery cafe furniture, trays, pans, containers, tortilla, and specialized publication etc. in the Food Beverage industry. Date: 04-06 Aug 2014 Venue: Gujarat University Convention Exhibition, Ahmedabad, India HGH India HGH INDIA is one of the best events of its kind which will have more than 500 exhibitors from the sectors of gift items, home decors and housewares. Being a part of this event will help the exhibitors to showcase all their products and services related to the sectors and the participating companies will definitely get a good opportunity to reach out to customers. The exhibitors can even utilize this opportunity to launch new products and services which will help them to gain access to new market segments. Date: 05-07 Aug 2014 Venue: Bombay Convention Exhibition Centre, Mumbai, India upcoming Many people may want to quarrel and fight with you; realize that the only weapons you need are a smile and a lovely attitude THOUGHT OF THE WEEK Dancer's Potato Skins African Cuisine Handy French Discover your personality traits!! 5. Cover. 6. Chill shells up to 2 days until ready to use for the skins 7. If desired, add the 1/3 cup milk, 1/4 cup butter, salt and pepper to use potato centers as mashed potatoes. 8. When ready to prepare skins, melt the 1/3 cup butter. 9. Brush shells with the butter, inside and out. Place, cut side up, on baking sheet. Bake in a 500 degree oven for 20 minutes or until brown and crisp. 10.Distribute some bacon, onion, and cheese in each shell. 11.Bake just until cheese melts. 12.Serve hot. If the potatoes are large, you may want to cut in half crosswise before serving. 13.You may want to double this recipe if you are serving several people, especially if they are hungry! 14.Serves: 6 picture of the week The Prime Minister of India, Shri Narendra Modi with the Prime Minister of Bhutan, Mr. Lyonchhen Tshering Tobgay, at a bilateral meeting, in Thimphu, Bhutan on June 15, 2014.  Lake Malawi contains the largest number of fish species of any lake in the world, probably over 500 from ten families. 1. May I help you? Puis-je vous aider? 2. I’m so happy. Je suis très heureux(euse). 3. You are an intelligent boy. Vous êtes un garçon intelligent. 4. I have an idea J’ai une idée. 5. What should I do? Qu'est ce que je dois faire? 1. Take the dog for a walk 2. Take the stairs instead of a lift or escalator 3. Join a local sport, recreation or fitness club 4. Have a balanced lunch to keep you going during the day 5. Drink water instead of sugary drinks 6. Sit less and move more Active Tip for being  January Smartness and efficiency are among the numerous traits of people born in the month of January. They are also very determined and diligent, the characteristics which make them highly productive at work. They are strong, hardworking and very tolerant individuals. Success to these people does not come overnight. They have to fight hard to achieve their goals.  February People born in February are generally far from reality. They are interesting and intelligent, but are preoccupied with intellectual thoughts. They are outstandingly loyal and devoted to the people they love. People born in February are also enormously caring and are romantic on the inside and not on the outside. They are very sensitive when it comes to their relationships.  March Warmth and charm are the abilities which are often linked with people born in the month of March. They are very concerned and love to serve others, if given their due respect. Honesty and dependability are among the various virtues possessed by individuals born in this month. They enjoy sports as much as they enjoy working for a living. They are energetic, initiative and brave.  April Those born in the month of April can be termed as brave and firm. Their liveliness encourages an aura of brightness wherever they go. Friendships mean a lot to them and they are intense to solve other people’s problems. They are good- looking and loving people and are very heartening at the same time. Most of them lead a happy and wealthy life, owing to their strong determination.  May Individuals born in the month of May are very thoughtful, firm and enthusiastic. Their physical appeal combined with their mental strength makes them without question appealing. Really hardworking and always on the move, these people always keep themselves occupied with something or the other and detest wasting time.  June Friendliness, hilariousness and talkativeness are the common characteristics of people born in the month of June. Also, they lack will power and at times rely on others to solve their problems. When it comes to relationships, they are caring, lively and romantic. Not only are they amicable, they are equally good talkers.  July People born in July are fun-loving and are always jolly. Usually, they take pride in all the things they do and are very liberated by nature. Caring their loved ones and upholding healthy relationships with others is very vital for them. When it comes to lifestyle or the dressing sense, they can be highly unconventional and always strive to be perfect.  August The month of August is conquered by the zodiac sign, Leo, with the last few days falling under Virgo. A Leo owns a positive outlook towards life and is very passionate and is full of life. He/she is proud and determined and is also a great achiever who sets examples for others. They are brave and courageous when it comes to confrontation and are natural leaders.  September Classified as perfectionists, people born in the month of September are really hard working. Their only problem is that they like to point out other people’s mistakes and criticize them even for trivial matters. Otherwise, they are calm and composed individuals and generally excel in the professions such as medicine, law, and teaching, writing and designing.  October These people are particularly motivated and attain great heights in their career, owing to their charming personality and sense of diplomacy. Particularly secure and decisive, they are kindhearted and are fascinated to competitive individuals. However, they can also chase challenging endeavors and owing to their tenacity, they succeed in achieving whatever goals they set for themselves.  November These folks are known for their forward thinking and are always full of exclusive and amazing ideas. They are very loving and caring to their partners and exhibit a great deal of passion in their relationships, but one of their negative traits is that they can be a little jealous at times.  December Generally, individuals born in the month of December are fun to be around and thus make a lot of friends and fans. These truthful and reliable individuals are modest and harmonious, however they often tend to be a little short tempered. They are adventurous, assertive and can be a little assertive at times. mONDAY | JUNE 23, 2014
  • 10. THEFASHIONISTAS10 I'll forever remain NDC – Mr. Beautiful Ghana's fastest rapper, Sarkodie has won the 'Best Hip Hop' at the 2014 MTV Africa Music Awards at the Durban International Convention Centre (ICC) in Durban, South Africa. Sarkodie beat AKA (South Africa), Ice Prince (Nigeria), Khuli Chana (South Africa), and Olamide (Nigeria) to win the award. Nigeria's Tiwa Savage beat Ghana's songstress Efya to the 'Best Female' category. That category also had Arielle T (Gabon), Chidinma (Nigeria), DJ C'ndo (South Africa) as nominees. Shortly after winning the award, Sarkodie took to microblogging site, Twitter to thank God and his fans for helping him win the award. 'Teamsark I looove you!!!! Thanks 2 God almighty!!! We won!!!! GHANA!!! Thanks for ur vote. God bless yall', he tweeted and added that, 'God is Good'. Modern Ghana Award winning record producer, sound engineer and rapper EL says it is less expensive to shoot music videos in South Africa than in Ghana. 'It's cheaper to shoot a video in South Africa' he said. The young and talented musician disclosed during an interview on Hitz FM. The 30-year-old known in real life as Elorm Adablah explained that it is cheaper shooting outside the country due to the exchange rate of the Dollar now. A fter allegations early this year that he has been sidelined by movie producers in the Ashanti region for openly displaying his political colors and rallying behind the National Democratic Congress in the 2012 elections, the Fanti speaking witty actor, Clement Bonney, says his support for the ruling party will remain unshaken. Describing movie producers who have refused to engage his services because of his political affiliation as 'immature', Mr. Beautiful as he is affectionately called, stated that political differences should not bring about enmity between people. Reacting to a texter's question to an entertainment program on ETV over the weekend on why he joined politics, the audacious actor wondered why celebrities who openly mounted c a m p a i g n platforms and compose songs for the New Patriotic Party's 2008 and 2012 presidential candidate were not given the demeaning same treatment. 'Four years ago celebrities in this country supported Nana Akufo-Addo, but no one raised concern about their involvement in politics, so why the fuss over mine. I can assure you that I'll forever remain NDC and support President Mahama 1000 times,' Mr. Beautiful vowed. Adding 'anybody who thinks that way is immature. Our political affiliations should not make us enemiesI will continue to support President Mahama and NDC.' AskedaboutwhyhespeaksFantiin movies when most of the productions are done in the Ashanti region and the scripts written in Asante Twi, the well-known local actor retorted that he feels proud holding the flag of his mother region, the Central region. 'I have received calls from 'big men' and respected people of the Fanti land including chiefs for speaking my native Fanti in all my movies. I can speak very good Ashanti Twi, but I won't use it for movies. I'm proud of my language and if a producer gives me a script in Asante Twi I'll reject it. My people back home have been praising me for promoting the language,' he said. Touching on why movie production has been concentrated in the Ashanti region and why other regions cannot do their own production, Mr. Beautiful, in an apparent swipe at Ghana's populous region, stated that the Ashanti dialect permits the use foul languages hence it is easy to use it for movie production. 'The Northern belt frowns on the use of foul language, it is the same in the Volta and the Southern coastal belt, those part of the country do not allow it either but those at the middle belt of the country consider the use of foul language as normal, so it is easy to produce movie in that part of the country because you have the liberty to say all the bad things,' he explained. According to him the assertion that movies in the local dialect have no future is true, explaining that 'the movies are full of insults and anything made of insults certainly has no future. That is how the language is structured it is full of insults.' Modern Ghana Sarkodie wins Best Hiphop at 2014 MTV Africa Music Awards He also said that Ghanaians love music videos shot outside the country, the main reason why he will continue to shoot his videos outside Ghana. 'I will keep going to South Africa to shoot my videos,' he said. EL has produced hit songs for several of the country's top music acts including Sarkodie's You Go Kill Me, D-Black's Get On the Dancefloor, Reggie Rockstone's Rockstone's Office and Asem's Check Your Weight. Modern Ghana It's cheaper to shoot a music video in South Africa-EL  Clement Bonney  Ghana's fastest rapper, Sarkodie  Elorm Adablah MONDAY | JUNE 23, 2014
  • 11. SPORTS2WATCH 11 Ghana defender John Boye is ranked amongst the 10 best players so far at the 2014 World Cup in Brazil. The Stade Rennes stopper came 8th in a statistical ranking done by FIFA after the first round of group games. FIFA used information gathered from the renowned football engine Opta to conduct Airtel offers Nigerians affordable roaming rates in Brazil ...Slashes roaming rates to as low as N60 Ghana defender John Boye named amongst top ten performers at 2014 World Cup its rankings which sees German forward Thomas Muller on top of the pile with a 9.75 rating. Boye lasted the entire duration in Ghana's shocking 2-1 defeat to the USA in their opening Group G game in Natal. The 27-year-old however appeared amongst the best statistical performers after the first round of matches at the World Cup despite playing in a jittery Black Stars defence in the defeat to the United States. Boye ended up with a 9.45 rating having won five of his seven tackles, eight recoveries, eight clearances and a block in the defeat to the USA. He is also said to have completed 91 percent of his 44 passes in the game against the USA. The Black Stars defender's statistics bettered that of Chile's Alexis Sanchez and Tim Cahill of Australia. He is however behind the likes of Arjen Robben, Robin Van Persie and Phil Jagielka. Below is the full list of FIFA's best players at the 2014 World Cup thus far. Modern Ghana Leading telecoms services provider, Airtel Nigeria, has announced a special discounted roaming package that will enable Nigerians, who are travelling for the on-going 2014 World Cup in Brazil, to stay in touch with friends, family members and business associates at affordable rates. According to Airtel, the new package underlines its commitment to providing innovative and affordable telecommunications services to telecoms consumers across the country and abroad. With the new value offering, Nigerians in faraway Brazil, can now enjoy affordable call rates within Brazil and also make and receive calls for as low as N60 to all mobile networks in Brazil and Nigeria. Customers will also enjoy discounted SMS rate of N50 and data rates of N1/10kb. Speaking on the new roaming package, the Chief Commercial Officer of Airtel Nigeria, Maurice Newa, said the offering reflects Airtel's commitment to creating innovative and affordable telecoms services, noting that the company is passionate about realizing its vision of becoming the most loved brand in the daily lives of Nigerians. 'At Airtel, we will not relent in creating platforms and opportunities that will enrich the lives of our customers and also empower them to succeed in their respective endeavours. 'Our new discounted roaming package for Brazil 2014 is a glowing testimony to our quest of providing the right platforms to enable telecoms consumers achieve more in their professional and personal lives,' he said. The discounted roaming package is available for both prepaid and post-paid customers. The service is default for prepaid customers on arrival in Brazil. However, prepaid customers must ensure that they have sufficient airtime in their account and may be required to buy additional airtime in the event they run out of airtime in Brazil. Post-paid customers who have enabled roaming services on their lines will have access to the offer. However, post-paid customers who are yet to activate roaming on their lines will be expected to visit the nearest Airtel Shop to activate the service before travelling to Brazil. The Airtel World Cup roaming discounted offer rates are only valid for calls made to local networks in Brazil, calls made to Nigeria from Brazil, SMS's sent while in Brazil and data and internet activities while roaming in Brazil. Calls made to other countries will be charged at the existing roaming rates for those countries. The Airtel World Cup roaming discounted offer rates are only available on CLARO network in Brazil. Modern Ghana Africa Cycling Centre to boost tourism The maiden Africa Rising Cycling Centre launched in Musanze will boost the tourism industry according to Rwanda cycling team coach American Jack Boyer. The Centre is set to be a world’s cycling hub with professional and amateur cyclists set to benefit from its training and expertise given the uniqueness and the splendor of this gigantic facility in Africa. Sixteen houses, a fully equipped service course, Rwanda’s 1st BMX pump track, an education centre, an organic vegetable garden are among the facilities at the centre located in the northern Musanze district, at 2000m altitude. Boyer said that the Africa Rising Cycling Centre will focus on boosting the level of cycling in Africa and the World at large. “This centre will be home to African teams and European professional clubs as they target to benefit from high altitude training. It will also be paramount in such a way that it will transform the Rwandan youth into better cyclists,” he noted. The region of Musanze is reknown for gorilla trekking, and the centre is looking to exploit that advantage. “Every single tourist that comes to Rwanda will be passing through our centre,” says the country’s national cycling coach. The centre’s outdoor cafe will be open for the tourists to meet, relax and share their Rwanda experience. This will be a source of revenue for a team whose income is far from stable and rarely secured more than three months ahead. Boyer further added: “My goal is just to change a life. If you try to change things for everybody you just end up getting depressed. This is the most difficult thing we’ve ever done but it’s absolutely the most rewarding.” New Times  Ghana defender John Boye mONDAY | JUNE 23, 2014
  • 12. ENCOUNTER WITH EDITOR12 How was your experience in the 10th CII EXIM Bank Conclave on India- Africa Project Partnership? It’s my first visit to India and this experience is amazing. The relations of India and Uganda is marking its presence from last two centuries. Like India, Uganda is also on the path of motivating its economic structure of small and medium size business (SME’s). Uganda is delineated as the second biggest producer of coffee in Africa. At the 10th CII EXIM Bank Conclave, we are in discussion with an Indian company to put a processing plant in Uganda and bring Ugandan coffee to India and to the world. All in all, we are trying to do our best to develop a kind of structure which permits small medium and medium size business people and consultants to flourish in a business friendly and conducive environment at every step. Indian private sector could nurture a fast growth in Uganda’s agriculture sector. The recently discovered oil and gas reserves, as well as Uganda’s huge reserves of non-oil minerals are also parts of Kampala that would be considering to have foreign investments. Excellency, what are the endeavors made by the Ministry in order to improve the financial stability of the country? Uganda is what we call an Open- Economy, you can bring any amount of money in Uganda to invest and you can take it out in the form of dividends and repatriated profits or buy more inputs, as there are no restrictions. Our currency is flexible, we are trying to reframe our regulatory framework business regulation to make sure that investors don’t get stuck up with red tape. Uganda relishes a stable political and macro-economic environment that is enormously conducive for investments. Uganda has been one of the fastest growing economies in the world in the last 20 years. The country has made noteworthy oil discoveries and has huge reserves of minerals like cobalt, uranium, graphite, etc. How easy is it for a foreign investor to start a company in Uganda? We are working on it to make it as easy as possible. Uganda Investment Authority is a one stop center for any investor who wants to start a business in our country. We are trying to make it easier for investors to find out how to get a tax ID, business license, a construction permit, environmental assessment, etc. for the commencement of business. What about the funding options available with Uganda, are you using the lines of credit being granted by the EXIM Bank of India? Actually we have not been using the lines of credit granted by the EXIM Bank of India and that’s the reason why I came here to see how we can encourage financing to and for our people. We are open to any kind of financing available. And in this endeavor, we think that Indian business can assist us. Money is not a problem for us, it is how to qualify for the money. Uganda is most commonly dubbed as the pearl of Africa, how do you wish to endorse the tourism sector of Uganda in India? Uganda is a basket full of abundant activities for tourists and visitors to get pleasure from. With 500 species of mammals, Uganda has incredible multiplicity. On top of this, Uganda has a good number of chimpanzees and there are several places where one can track them. With well over 1000 species registered inside its borders, Uganda is also one of the best bird-watching destinations in the world. It worth to mention, that a common tourist visa has been introduced together with Kenya and Rwanda, allowing tourist to buy one visa and enjoy the beauty, hospitality and nature of three countries i.e. Uganda, Kenya and Rwanda. There is no doubt to accept that Uganda is the leading investment destination in East Africa. The country continues to liberalize and endorse both local and foreign investment, whilst at the same time firming its investment regulatory framework for various policy purposes. Hon. Maria Kiwanuka, Minister of Finance, Planning and Economic Development from Uganda get candid with Kanchi Batra, Indo-Africa Times for an exclusive interview. Edited Excerpts. 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 “A common tourist visa has been introduced together with Kenya and Rwanda” Hon. Maria Kiwanuka Minister of Finance, Planning and Economic Development, Uganda  Uganda relishes a stable political and macro-economic environment that is enormously conducive for investments. Uganda has been one of the fastest growing economies in the world in the last 20 years. MONDAY | JUNE 23, 2014