Africa: Private sector account for over 80 per cent of total production

AfDB President, Donald Kaberuka

 Africa’s private sector accounted for more than 80 per cent of total production, two-thirds of total investment, and three-fourths of total credit to the economy between the periods 1996 to 2008, African Development Bank (AfDB) said in its 2012 report.

The “African Development Report” published last month, also said the private sector was also responsible for 90 per cent of formal and informal employment. It also noted that the private sector in most African countries plays critical role to helping the continent reach its full economic and social potential.

ECOWAS BUSINESS FORUM IN GAMBIA TO FOCUS ON ICT

The sub-regional economic bloc, the Economic Community of West African States, ECOWAS, on Monday announced that its 4th Business Forum and the 2^nd Private Sector Awards to take place in Gambia in September 2012, will be focusing on Information and Communication Technology (ICT) development.

The announcement followed a meeting by the Committee comprising representatives of the ECOWAS Commission, Regional Business Associations (RBAs) and other stakeholders, from May 2-3, 2012 in the Gambian capital, Banjul.

GYIN-Gambia's SG, Meita Touray In Ethiopia

GYIN-Gambia SG Meita Touray

(Mansabanko) - Ms Meita Touray Secretary General of the Global Youth Innovation Network-Gambia acronym GYIN-Gambia, who is also a Reporter with the Daily Observer Newspaper has been invited to attend the fourth Africa Carbon Forum (ACF) which is schedule to place in the Ethiopian Capital Addis Ababa from the 18th-20th April 2012. Ms Touray on Tuesday 17 April, 2012 left Banjul International Airport for Ethiopia. 

The Forum organisers are the African Development Bank (ADB), International Emissions Trading Association (IETA), United Nations Development Programme (UNDP), United Nations Environment Programme (UNEP), UNEP Risø Centre, United Nations Framework Convention on Climate Change (UNFCCC), World Bank and its World Bank Institute, and is supported by the Ethiopian Environmental Protection Agency.

Rice experts in Africa adopt a new way of doing business for greater impact

As part of a global programme on rice science that has laid out concrete and quantifiable key impacts to benefit the poor, the hungry, and the environment in the next 25 years, rice experts in Africa have adopted a more interdisciplinary and product-oriented approach in order to deliver greater development impacts, says the Africa Rice Centre (WARDA).

The innovative programme known as the Global Rice Science Partnership (GRiSP) aims to mobilize the very best of the world’s rice science and involve the widest range of stakeholders possible in the technology generation and dissemination process to address, among others, Africa’s major rice development challenges.

Green Africa Exposing Opportunities Under The AGOA

Prof Darryl R.O. Prevost

The Green Africa Tour, an initiative of the CADIA Institutes and Academies in the United States of America was established to help expose the prospects offered under the Africa Growth and Opportunities Act, AGOA.

The AGOA, an initiative of the US Government in 2000 is meant to step-up trade between the United States of America and the African continent.

According to Prof Darryl R.O. Prevost, President AAADAC Alumni Clubs and Executive Director CADIA Institutes and Academies, the Green Africa Tour represents the development of a mature and direct supply chain of fair trade and organic products from Africa.

AfDB projects a fall in GDP due to sociopolitical crises

AfDB president Donald Kaberuka spells out the positive message underpinning the bank's first aid effectiveness review. Photograph: Francisco Leong/AFP/Getty Images

Africa’s recovery from the global economic and financial crisis began in 2010 and has been driven by higher domestic demand, stronger export revenues, and increased inflows of foreign direct investment, remittances, and official development assistance, says the African Development Bank, AfDB 2010 Report.

From around the continent of Africa

• Bangladeshi companies launch Africa farm lease plan

• Joint statement: Sixth colloquium of international prosecutors

• Bangladesh prods local investors to farm in Gambia

• CAF Executive Committee Decisions