Sunday, March 30, 2014

Ghana in need of investors to build gold refinery

The Minister of Lands and Natural Resources, Alhaji Inusah Fuseini, has advised that his government is ready to partner with any investor who will assist the country to build a refinery in order to add value to gold. “It is unfortunate that a country that was branded as Gold Coast by our colonial masters has not been able to brand Ghana’s gold,” he said.

The Minister made this statement when Jeeva Sagar, Indian High Commissioner to Ghana, called on him to discuss how the two

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Lesotho Water Project Enters Phase Two

President Jacob Zuma recently visited Lesotho to witness the start of phase two of the Lesotho Highlands Water Project (LHWP), according to iOL. It’s part of the government’s infrastructure development program. According to LHWP, with this phase South Africa will increase water security for Gauteng, while Lesotho will receive royalty payments from South Africa, and 3,500 to 4,000 jobs will be created during the construction phase.

Through the treaty between South Africa and

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The African Woman: An Evolving Enigma

The African woman has always been a mother and a keeper of the house, but she was nothing more other than ‘maker’ of children. Largely stereotyped and overlooked, she was never considered for what she could contribute to an economy. The widely held African belief of women being inferior to men lingered until recently, and the African economy has been better for it.

Gardiol van Niekerk of the University of South Africa once wrote; “the outcomes of historical research are to some

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Goodluck Jonathan Advises African Leaders On Industrialization Plan

President Goodluck Jonathan on Saturday said African leaders should prioritize the structural transformation of African economy if they must achieve regional industrialization initiative. Jonathan said this in Abuja at the 7th Joint Annual Meeting of the Economic Community of African Conference of African Ministers of Finance.

He said, "The theme of this conference, industrialization for inclusive and transformative development in Africa is of special relevance to Africa at this

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Saturday, March 29, 2014

The Extravagance Of The African Billionaire

When hopping on a plane it is understandable that you might carry a few personal belongings with you: a toothbrush or some bed socks, a little cash for incidentals in the airport or in-flight, duty-free shopping. So one can only imagine Christo Wiese’s surprise when he was stopped by customs at Heathrow Airport for carrying what he considered “small change”. Customs confiscated over $1 million in cash, the South African billionaire had bundled into rolls with elastic bands and nestled

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Africa Investment Round Up

With focus shifting away from developed markets, Africa’s emerging markets brim with opportunities and potentials capable of sustaining continuous economic growth and high yield for investors. Public sector investments on the continent heightened lately, as international bodies such as the World Bank and IMF continued to pour out funds for infrastructure and economic development while private sector investment remains largely driven by financial institutions, with banks, private equity

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SABMiller To Encourage BEE Suppliers For Namibia Brewing Operations

Beer maker SABMiller Namibia will focus on three strategies core to its operations: effectively managing the economic, social and environmental impacts of its business on host communities, Managing Director of Castle Brewing Namibia, Cobus Bruwer has disclosed. SABMiller has been importing beer into Namibia through Castle Brewing Namibia for over 20 years, already holding a 22 percent share of the Namibian market.

Bruwer told local weekly newspaper, Namibia Economist about the

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