He's the 10-year-old founder and CEO of Mr. Cory's Cookies, and he hopes to conquer the world before graduating high school. Michelle Miller introduces you to the mini mogul who's taking the culinary and fashion world by storm. Video
On the margins of the Climate Summit in New York, the Japanese government convened the second roundtable with African Regional Economic Communities (RECs), chaired by Japanese Prime Minister Shinzo Abe, to underline the importance of regional infrastructure as an essential requisite to Africa's growth. Participants included Hailemariam Desalegn, Prime Minister of Ethiopia and Chairman of Intergovernmental Authority on Development (IGAD), John Dramani Mahama, President of Ghana and Chairman of the Economic Community of West African States, Erastus Mwencha, Deputy Chairperson of the African Union Commission, as well as the Chief Executive Officers of the East African Community (EAC) and the Southern African Development Community.
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a 1 million Euro line of credit (LOC) equivalent in Central African CFA francs (XAF) to Advans Cameroon. Advans Cameroon is a microfinance institution (MFI) started in 2007 in Cameroon with increasing focus on SMEs given the potential market opportunities. Advans Cameroon had 38,000 entrepreneurs and individual borrowers (men and women) as clients as of end-2013. The Fund for African Private Sector Assistance (FAPA) is a multi-donor thematic trust fund that provides grant funding for technical assistance and capacity building to support implementation of the Bank’s Private Sector Development Strategy. The Government of Japan, African Development Bank, the Austrian Development Bank and the Government of Austria are the contributors to the fund, which to date has provided US $42 million to 47 projects across the African continent. The FAPA portfolio includes regional and national projects in sectors such as business enabling environment, financial intermediation, infrastructure, trade and micro, small and medium enterprises.
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on September 18, 2014 in Abidjan, Côte d’Ivoire a EUR 1 million line of credit (LOC) equivalent in Franc CFA to Finadev S.A. Benin. Finadev Benin is a key microfinance and SME-finance institution with an important market share in Benin. It was established in 2001 as a microfinance branch of Financial Bank (currently OraBank) and became an independent MFI in 2009. Finadev Benin’s key shareholder is Finadev Africa Holdings, which in turn was established through an investment by Emerging Capital Partners (ECP). More
Africa's democratic transition is back in the spotlight. The concern is no longer the stranglehold of autocrats, but the hijacking of the democratic process by tribal politics.
Kenya's 2007-08 post-election violence revealed the extent to which tribal forces could quickly bring a country to the brink of civil war.
The challenge to democracy in Africa is not the prevalence of ethnic diversity, but the use of identity politics to promote narrow tribal interests. It is tribalism.
There are those who argue that tribalism is a result of arbitrary post-colonial boundaries that force different communities to live within artificial borders.
This argument suggests that every ethnic community should have its own territory, which reinforces ethnic competition...more
Our Country is in Moral Decay, Our Country is in Economic Collapse, Our Country is in Financial Turmoil, and Our Country is in Political Shambles. All Cameroonians must join hands to rescue Cameroon from chaos. Every Cameroonian must ask himself why Our Country is so corrupt. Every Cameroonian must ask himself what he can do to stop corruption in Cameroon. Corruption is now part of our lives and it is no more seen as something horrible. Corruption is a cancer in Our System of life and if we do not stop it, it will spread and kill us. Unless we stop Corruption, we will never build a Cameroon of our dreams. Cameroon has won the corruption trophy twice, as the most corrupt country in the world. If we continue like this, we will certainly win this trophy a third time and keep this infamous world trophy. What a shame and disaster.
Head of State’s message to the Nation on the occasion of the end of year 2012 and the New Year 2013 [FRENCH VERSION]
Fellow Cameroonians, My dear compatriots,
I told you a year ago that the period starting in 2012 would be devoted to the stimulation of growth which, as you are aware, is indispensable for achieving our objectives, that is, improving living conditions and curbing unemployment. This end-of-year message affords me the opportunity to take stock with you of our efforts and to know where we stand and where we are going.
It is heartening to note that investment is recovering. After a long period, during which national and foreign investors were hesitant to commit themselves, due to the crisis, more and more investors are now expressing interest in various sectors of our economy: energy, mining, agriculture, infrastructure, among others. This is clearly a sign of the confidence they have in us so that, together, we can successfully implement some of our major projects.
The first sector I want to mention is that of energy because it is the sine qua non for the development of our economy. In recent months, we launched the construction of several dams and hydro-power plants: Lom Pangar and Memve'ele. In early 2013, we will launch the construction of the Mekin dam. Others will follow, particularly when we will have developed the Sanaga River. The Kribi Gas-fired Power Plant will soon complete this system. Thus, we will increase our electricity generating capacity and put an end to shortages which have penalized our people and industries for a very long time. At the end of this process, we should even be able to export energy to less endowed neighbouring countries. Thus, in the medium term, we will have won the energy "battle".
There’s no money like young money. While African millionaires and billionaires like Onsi Sawiris, Raymond Ackerman, Aliko Dangote and Deinde Fernandez may have more money than most of us can ever dream of, there’s one thing they can never buy: Youth. Even money has its limits. But there are a handful of young Africans in their 20s and 30s who have built businesses and amassed enviable million-dollar fortunes. Call them million-dollar babies. While some are corporate animals; others are empire builders- like Ladi Delano, the restless 30 year-old Nigerian entrepreneur who founded Solid XS, a hugely successful premium Vodka business in China when he was barely 23 years old. He subsequently flipped his vodka company for millions of dollars. Today, he is a co-founder and CEO of Bakrie Delano Africa, a $1 billion investment vehicle committed to making acquisitions in Nigeria’s mining, energy and agriculture sectors. There are thousands of young and immensely successful entrepreneurs across the African continent. There’s a growing number of Africans aged 40 and under who are legitimately amassing multi-million dollar fortunes. They don’t inherit stuff; they build it themselves....More
Nigerian billionaire Aliko Dangote is no longer the richest black person in the world. He’s been ousted by Ethiopian-born Saudi billionaire Sheikh Mohammed Al-Amoudi who is worth an estimated $12.5 billion. That’s $1.3 billion richer than Dangote. American TV mogul Oprah Winfrey remains the only black female billionaire in the world. Of the 1,226 people who made it to the 2012 FORBES list of the world billionaires, only 6 are black....More
The Department of Journalism and Mass Communication (JMC) in the University of Buea, has produced Cameroon’s first Doctoral dissertation in journalism 'west of the Mungo'. This was during a PhD thesis defense which took place on Friday, December 28, 2012 at the Conference Hall of the Faculty of Social and Management Sciences in the University of Buea. The dissertation titled “Redefining Journalism Roles in Democracy: In Search of Evidence from Elections Coverage Using Mobile Phones and Internet in Cameroon,” the candidate, Mr Kingsley Lyonga la Ngange, argued that ICTs, especially the internet and mobile phones have great potential to faciltate democratic growth and development of Cameroon, and also to move society forward if properly used, though they have unintended consequences if used in a way which is not proper.
Oyne billion three hundred million Francs CFA (US$ 2,600,000), has been adopted as the budget for the 2013 financial year by the Buea Council. This was during the Second Ordinary Session of that council which took place Thursday, December 27, 2012 at the Conference Hall of the council. Welcoming participants at the session, the Mayor of Buea, Mr. Charles Mbella Moki Charles used the occasion to reiterate that the mission and vision of the Buea Council is to develop the municipality in its entirety, so as to make the town of Buea a developed and better place for all. "Our goal is to ensure that Buea municipality strives to develop in a way that meets the standards of a modern world,” he quipped.
God is good, especially if you’re a Nigerian pastor with some business savvy. These days, millions of souls, desperate for financial breakthroughs, miracles and healing, all rush to the church for redemption. And while the bible expressly states that salvation is free, at times it comes with a cost: offerings, tithes, gifts to spiritual leaders, and a directive to buy literature and other products created by men of God. Pastors are no longer solely interested in getting people to Heaven; they’ve devised intelligent ways to make good money while reaching out to souls. Take Pastor Chris Oyakhilome, for example. He is the founder and lead pastor of the Christ Embassy, a thriving congregation with branches in Nigeria, South Africa, London, Canada and the United States. His publishing company, Loveworld Publications, publishes ‘Rhapsody of Realities,’ a monthly devotional he co-authors with his wife. It sells over 2 million copies every month at $1 apiece. He also owns television stations, newspapers, magazines, a hotel, a fast-food chain, and more.....
While this may not be an official or an exhaustive list, however, these 20 women, all under age 45, wield enormous influence in African business, technology, policy and media. They are change makers, trendsetters, visionaries and thinkers, builders, and young global leaders. They are at the vanguard of Africa’s imminent socio-economic revolution and its contemporary renaissance....More
The inspiration for the ...name came from the Duala language in the Wouri estuary of Cameroon…..Wasamundi basically means ‘find the world’… In the technology age, this translates to "search for help”.... “In less than two years, we have been able to build a series of products that the world has recognized and is using”…“Our enterprise is currently modestly valued at 250 million FCFA (US$ 500,000), and when we finish our expansion plans into the sub-region of Central Africa it will be valued at 2.5 billion FCFA (US$ 1 million),’’ says Laurence the smiley CEO.
By Stephen Njumbe Sako
Urban planners in Africa are in the mothers-of-all-battles to catch up with the evolution of digital technology. In Cameroon, town planners are breathless catching pace with urban settlers. It is more of an awesome task for technology providers, whether cable television or internet service providers, to circumvent tortuous paths to neighborhoods to reach millions of consumers. Even locating enterprises is an uphill task for consumers wanting particular services. Arriving at hotels, restaurants and homes of friends relies on mundane mouth-to-mouth roadside inquiry. In fact, it was easier for the biblical three wise men to rely on the stars to find the baby Jesus born to the house of David in a manger in Bethlehem. In Cameroon, there is no known directory to get information on the geographical coordinates and location of enterprises in towns and cities.
The fifteenth edition of the Cameroon University Games ended on Saturday May 12, 2012 in Buea with the National Institute of Youth and Sports (INJS) occupying top position in the medal classification table. The four-time champions of the annual sports jamboree finished first this year, grabbing a total of 43 medals, 17 in gold, 15 in silver and 11 in bronze. The University of Yaounde II came second, winning a total 43 medals, 10 in gold, 10 in silver and 23 in bronze; while the University of Dschang occupied the third position accumulating a total of 30 medals of which 9 were in gold, 6 in silver and 15 in bronze. The University of Buea’s unsavoury performance and eigth position left a bitter taste in the mouth its supporters and stakeholders.
The University of Buea is hosting the fifteenth Cameroon University Games, which kicked-off on May 5, 2012. While athletes slugged out their muscles in intensive competition amongst Cameroon’s nineteen universities and colleges of higher learning, proprietors of local businesses have been busy lining their pockets and smiling into local banks to augment their savings. The games village crammed with shops and grocery stalls has witnessed a twenty-four hour carnival atmosphere. Shops in the Molyko neighbourhood of Buea have kept late-night opening hours to cash on the business fair. Some business men and women have been boastful of their returns due to the high demand of their products. The university games are held once a year, rotating amongst competing institutions. The University of Buea have been proud hosts of the 2012 edition of the games. As a mark of its bullish enthusiasm, the university erected a giant size sculpted elephant on its campus to serve not only as the official mascot of the games, but also as a befitting monument to enshrine the occasion in the hearts and minds of its stakeholders.
MINESUP Boss Enjoins Fair Play in Cameroon University Games By Stephen Njumbe Sako
Cameroon’s Minister for Higher Education (MINESUP), Professor Jacques Fame Ndongo, has called on all participants at the 15th edition of the Cameroon University Games to exercise fair play. Prof Ndongo made the call on Saturday, May 5, 2012 in Buea, during the opening ceremony of this year’s University Games, taking place on the campus of the University of Buea under the theme “together, let’s build a Cameroon of excellence.” The MINESUP boss encouraged the youths participating at the event to use the games as an avenue to blend physical talents to their intellect, which to him would make a Cameroon of excellence.
Africa's Private Sector: What's Wrong with the Business Environment and What to Do About It
By Vijaya Ramachandran, Alan Gelb and Manju Kedia Shah
Paperback: 110 pages; Publisher: Center for Global Development (January 13, 2009); Language: English; ISBN-10: 1933286288; ISBN-13: 978-1933286280
Why is business performance lagging in Africa? To provide answers, this volume focuses on the day-to-day problems that private sector managers and entrepreneurs there encounter. Through enterprise surveys conducted in several African countries, particularly in sub-Saharan Africa, these businesspeople identify poor infrastructure —particularly the lack of a reliable source of power —as a huge constraint on private sector activity. Politics also plays a key role in limiting the success of African businesses. Many countries there have private sectors that are ethnically segmented or dominated by ethnic minorities or both. Segmented networks in already sparse economic environments limit competition, encourage an ambivalent attitude toward facilitating a good business environment, and constrain the growth of firms outside the dominant network. Consequently, Africa has yet to see the emergence of a broad-based business class. Africa's Private Sector identifies several solutions to address both the infrastructure and political economy constraints hampering business growth in Africa.
The Association of Student Journalists in the University of Buea (ASJUB), on Thursday May 3, 2012 joined journalists across the globe to celebrate the 17th edition of the World Press Freedom Day under the theme, “New voices, media freedom in helping to transform society’’. The event which took place at the Open Commons of the University of Buea was celebrated by ASJUB under a localized theme, “Media freedom in promoting professional ethics.” The event brought together more than 500 students and some university lecturers of the Department of Journalism and Mass Communication.
Consumers worldwide can now enjoy a new premium Nescafé that uses a blend of soluble and finely ground micro-granulated coffee designed to meet specific tastes in individual countries. In April 2012, Nestlé launched Nescafé Duo Grão in Brazil. It was first launched to Japanese consumers as a luxury coffee called Nescafé Koumibaisen in 2011. In the United Kingdom, it was launched as Nescafé Azera, and as Nescafé Molienda in Mexico.
Ethiopian Airlines, a Star Alliance Member, has received the Gold in the African Airline of the Year 2011/2012 Awards according to the African Aviation News Portal. According to the African Aviation News,''Ethiopian Airlines emerged ahead of the pack collecting the highest number of the votes by the readers and followers of African Aviation. In 2011, Ethiopian Airlines received African Airlines Association (AFRAA) Award for being consistently profitable over the years and recording strong financial results. Ethiopian was also named as Africa’s most profitable airline by Air Transport World (ATW) in 2010. Ethiopian also received the 2010 ‘’Silver Boeing Performance Excellence Award’’ for its outstanding performance at the Wire Kits Harness Manufacturing Plant and the 2010 Annual Airline Reliability Performance Award from the Bombardier Aerospace in the overall Q-400 product category for the Middle East and Africa region. Ethiopian Airlines, one of the largest and fastest growing airlines in Africa, made its maiden international flight to Cairo in 1946 and now the Airline provides dependable services to 64 international destinations spanning four continents. As a Star Alliance Member, Ethiopian is in a network which offers more than 21,000 daily flights to 1,290 airports in 189 countries.
Cameroon's members of parliament are expected to Vote on Friday, April 13, 2012 on a new electoral code for the country. The 80 page draft document submitted by the government of the Republic has been scrutinized in the last four days by the designated Constitutional laws parliamentary committee. The open debates on Friday will allow all members of parliament, who wish, to voice an opinion on the Bill. Members of the CPDM believe that the new electoral Code will ensure conditions are conducive to future free and fair elections. Hon. Jean Jacque Ekindi of the Progressive Movement party has had reservations on some elements of the bill in safeguarding tolerance for democratic political activity, free political campaigning and open public debate. The Social Democratic Front, SDF, has been, as expected, hostile to the contents. Today's debate will therefore provide an opportunity for open and frank debate before submitting to a vote.
Africa’s Bazooka Intellectual [In remembrance of Bate Besong] By Ernest L. MOLUA
You were more than the ‘Obasinjom Warrior’ You were more than ‘The Writer as Tiger’ Your pen was a portable recoilless rocket Like a stovepipe you battled intellectual inertia You propelled your ink against talkative zombies Your combats were reminisce of a war hero A warrior with invisible enemies Yet, the propulsion of your ink was highly explosive.
Once marginalized in the world economy, the past decade has seen Africa emerge as a major global supplier of crucial raw materials like oil, uranium and coltan. With its share of world trade and investment now rising and the availability of natural resources falling, the continent finds itself at the centre of a battle to gain access to and control of its valuable natural assets. China's role in Africa has loomed particularly large in recent years, but there is now a new scramble taking place involving a wider range of established and emerging economic powers from the EU and US to Japan, Brazil and Russia.
The people of Great Soppo within the Buea Municipality have raised resources in cash and in kind, for the construction of a museum and a council hall. The impromptu fund raising event was held on Saturday, March 31, 2012 at the Great Soppo Chief's Palace, when some concerned citizens came to pay New Year’s wishes to the chief, His Majesty Chief Etina Monono. The Chief welcomed the guests at his Palace and thanked them for their presence which to him, “showed concern on the wellbeing of Great Soppo.”
The Lom Pangar hydroelectricity project has a new booster from the African Development Bank and the Development Bank of Central African States, who have reached financing agreements totalling $107.4 million. This adds to the $132 million interest-free loan secured from the World Bank for the same project. The Lom Pangar project is a 30 MW hydroelectricity plant, with transmission lines and power distribution in the East region of the country. Cameroon plans to spend about $12 billion to increase electricity output from 1,000 MW to 3,000 MW by 2020. The 38-month construction shall be undertaken by the China International Water and Electric Corporation which was awarded the contract in May 2011.
Bernard Okalia Bilia, the 13th Governor of the Southwest Region of Cameroon has been installed into his functions with a call for him to assist the President of the Republic achieve his mission of making Cameroon an emergent nation by 2035. The installation ceremony took place on Thursday March 29, 2012 at the Independence Square in Buea. In attendance where members of government, members of parliament, traditional authorities and other stakeholders of diverse ranks in public, para-public and private enterprises from within and outside the region. The occasion was characterized by speeches and cultural animation. Mr Bernard Okalia Bilia replaces Mr Koumpa Issa who is now Secretary of State in the Ministry of Defense in charge of Ex-service men and War Victims following a Presidential decree in January 2012.
The World Bank on Tuesday approved a $132 million zero-interest loan to help Cameroon build a dam to generate more electricity for homes and businesses across the west Central African nation. The World Bank joins several other organizations in helping finance the Lom Pangar Hydropower Project that is expected to increase hydroelectric generating capacity on Cameroon's Sanaga River by about 40 percent. The whole project is expected to cost $494 million, with $132 million financed by the International Development Association, or IDA, which is the bank's fund for the poorest countries.
By Stephen Njumbe Sako (The Entrepreneur NewsOnline Political Affairs Reporter)
Local Party Chieftains of the Fako III Section in Buea for the Cameroon People's Democratic Movement (CPDM) have called on militants to register en mass and prepare for upcoming municipal and legislative elections. The call was made on March 24, 2012 in Buea at the Youth and Animation Centre, by Honourable Emilia Monjoa Lifaka the Leader of the Central Committee Delegation to Buea. She urged militants and sympathisers of the party to actively participate in the recompilation of Cameroon's electoral register and be genuine stakeholders to Cameroon's destiny.
Aliko Dangote est toujours l'homme le plus riche d'Afrique avec une fortune estimée à 11,2 milliards de dollars. On ne présente plus le magnat nigérian qui est présent dans la distribution alimentaire, le ciment, le pétrole etc Il devance la famille Oppenheimer (6,8 milliards de dollars) qui a cédé 40% de De Beers, le numéro 1 mondial du diamant dans un deal évalué à 5,1 milliards de dollars. L’Egyptien Nassef Sawiris pèse 5,1 milliards de dollars de même que la famille Rupert (groupe de luxe Richemont). A la 5ème position des milliardaires africains, on retrouve un autre nigérian, Mike Adenuga (4,3 milliards de dollars). La fortune d’Adenuga vient de ses investissements dans le pétrole, la banque et les télécoms…
''The hard truth is that absolutely each of our days is weighed down by the heavy burden of the past.....In essence I am saying that the end of the Cold War created the danger that the ability of the peoples of Africa to determine their destiny would be severely compromised and undermined, and hence the calls for a “new imperialism” in the statements I cited earlier....The US still asserts its manifest destiny to lead the world...It is convinced that its exceptionalism means that, as Secretary Clinton put it, “if you’ve got people who are choosing a different path, then you have to use all the tools of your suasion to try to convince them that the path that you wish to follow is also the one that is in their interest as well.”...It will use all means at its disposal to achieve its geo-strategic objectives....One of these, as explained by Kissinger, is the utilitarian use of democracy and human rights as instruments to achieve defined geo-strategic goals...'''More
Emerging Africa: How 17 Countries Are Leading the Way By Steven Radelet (Author), Ellen Johnson Sirleaf (Introduction)
Paperback: 169 pages; Publisher: Center for Global Development (September 1, 2010) Language: English; ISBN-10: 1933286512; ISBN-13: 978-1933286518
EMERGING AFRICA offers a timely and useful analysis of historical developments on the continent and points the way forward many countries are now following. Of special interest is his presentation of growth rates and the relationship between investment and trade. Radelet draws effectively from the criteria of the U.S. Millennium Challenge Corporation and the UN Millennium Development Goals to demonstrate how Africa's partners can encourage national identification of priority advancement areas. The author merits praise for inclusion of diaspora professionals as well as identification of remaining obstacles to Africa's fullest potential as a global player.....Steven Radelet knows Africa about as well as anyone who starts from a Western perspective. He is also a premier economist. He has combined his intimate knowledge of the continent with his academic rigor to produce a remarkable and vital analysis of the progress that is moving much of Africa forward. It provides a model for the rest of Africa, and indeed the entire developing world, for progress.
Cameroon's 5 billion CFA francs ($10.15 million) worth of infrastructure bonds auctioned on February 17, 2012 yielded 14.8 billion CFA in bids with intrest rates ranging from 2.05 to 3.80 percent, the finance ministry said late on Thursday. The bonds, open to foreign investors, mature in August. Cameroon plans to issue a total 285 billion CFA francs worth of treasury bonds in 2012 to fund infrastructure projects. An auction of 10 billion CFA francs earlier in February was also oversubscribed with interest rates ranging from 2 to 5 percent, the finance ministry said. The next auction of 5 billion CFA worth of notes is on Friday, marking the last planned auction for the first quarter. Some 70 billion CFA worth of treasuries will be auctioned in the second quarter.//Reuters
The 2012 edition of the Mount Cameroon Race of Hope took place on Saturday, February 18, 2012 in the Southwest Regional headquarter of Buea. Athletes from the Northwest Region of Cameroon recorded significant victories occupying top positions. The take-off at 7 a.m. at the Buea Municipal Stadium was presided over by Mr Adoum Garoua, Cameroon’s Minister of Sports and Physical Education. Also present was a host of dignitaries and senior government officials. The theme for this year’s race was "Unity in Hope." About 572 athletes took part in the race with 22 foreigners representing 6 countries amongst which were Nigeria (11), Equatorial Guinea (1), Switzerland (1), France (2), Great Britain and U.S.A (6).
Cameroon's economy is expected to grow by 5.5 percent in 2012 despite the Arab spring and a sovereign debt crisis that has hurt the European zone, the central African nation's most important export partner, a World Bank official said on Monday. Non-oil economic activities particularly growth in the primary and tertiary sectors, which helped Cameroon's economy grow in 2011 to 4.1 percent, will be the main drivers, World Bank's region lead economist Raju Jan Singh, told a news conference. Singh said the economic momentum observed in Cameroon, the Central African region's largest economy and gateway port, was expected to carry over into 2012 due to various infrastructure projects. "Furthermore, the trend in declining oil production is expected to reverse. As a result, Cameroon economic growth could amount to 5.5 percent in 2012," Singh said.
Africa Rising: How 900 Million African Consumers Offer More Than You Think By Vijay Mahajan (Author) . Hardcover, 288 pages, Publisher: Pearson Prentice Hall, 2008, Language: English, ISBN-10: 0132339420, ISBN-13: 978-0132339421
The author recognizes that Africa is more than a hot continent full of corrupt officials, desert sands and teeming jungles. He dispels the myth that Africa is homogeneous and recognizes the various market strategies on the African Continent....This book should be required reading for anyone interested in doing business in Africa.....“This book lays out a powerful portrait of the growing opportunities in Africa. It is clear to us that any global firm interested in growth must see Africa as an essential part of its portfolio.” Neville Isdell, Chairman and Chief Executive Officer, The Coca-Cola Company, USA. ....“While we consider Africa one of our most important markets, we are very aware that it is often overlooked as a place to conduct sustainable business. This book shows that Africa offers opportunities equal to other developing regions that receive more attention. Through the Diageo Africa Business Reporting Awards, we have committed to promoting high-quality coverage of the business environment in Africa. This book makes an important contribution in providing a vivid picture of the African market opportunity.” Paul Walsh, Chief Executive Officer, Diageo, UK
The sum of 13,689,522,200 Francs CFA has been voted and launched as the 2012 budget for the Southwest Region of Cameroon. The launching ceremony on Monday, January 16, 2012 at the National Social Insurance Fund was presided over by the Secretary General to the Southwest Governor's Office, Handeson Ketong. The ceremony was attended by senior regional executives, administrators, stakeholders and economic operators in diverse fields of business. Mr Handeson Ketong said the year 2012 has come with remarkable projects earmarked for the region. "The advent of the 2012 fiscal year has come along with new developmental projects for the Southwest. The budget of the state represents the action of the state within every nation," Mr Ketong highlighted.
The end and beginning of the years always find us in a critical period of transition in which, responding to the mandates of our moral tradition and the human urgencies of our history, we are compelled to continue forward and turn our best New Year wishes into our most committed work. And we must continue to move forward without surrendering the achieved good of our past, misreading the meaning and tasks of our present or sacrificing the possibilities and promise of our future. In the tradition of the ancestors, we must engage in a reaffirming and re-enforcing process and practice of remembrance, reflection and recommitment to our central mission to bring, increase and sustain good in the world and enjoy the peace and prosperity central to this. Indeed, the Odu Ifa says, we must “Think deeply about things, cultivate character, acquire wisdom and come forth and sacrifice so that you may have peace inside and out.”
The Muammar Gaddafi African Economic Journalist [MG-AEJ] Award 2012 is open to online and print journalists in Africa who, through their work, contribute to a better public understanding of the value and benefits of economic freedom and the fight against economic apartheid in the last ten years. Nominations - together with two samples of work previously published should be emailed to email@example.com. All material should be received by Saturday, 30 June 2012. Eligible candidates may nominate themselves, while third-party nominations are also permitted. All entries will be judged by a panel of academics, journalists and business experts. The winner will receive a plaque and a cheque (in an African currency denomination) worth US$ 5,000 which will be donated on his/her behalf to any institution or charity of his/her choice. The MG-AEJ Award for Journalism will be presented at The Entrepreneur Business Week 2012 closing ngala, on 15 December 2012. For submissions and enquiries: firstname.lastname@example.org.
Africa: Continent of Economic Opportunity By David Fick [512 pages, Publisher: Real African Publishers, 2007; ISBN-13: 978-1919855592]
David Fick's "Africa: Continent of Economic Opportunity" reads like a "Who is Who" list of hard-nosed African entrepreneurs who have fished in life's dustbins and weathered the elements with astounding results. The 512-page volume is based on his belief that the second largest continent has immense potential that only waits to be tapped, and his confidence in her citizens' creativity, resilience and industry. "While many write off Africa as the continent of despair, other enterprising individuals and organisations have recognized the huge, untapped potential of Africa and are actively pursuing business ventures across the continent," says the book. The book features brief descriptions of these successful entrepreneurs and their ongoing enterprises in Africa. Each story captures the spirit behind these successes and highlights how they are not only creating countless job opportunities in 53 African countries but also bringing immeasurable improvement to the quality of life in African communities...