After years of decline, the Cameroon oil industry now has a more positive story to tell. It was never an oil producer of the same order as neighbouring Gabon, Congo-Brazzaville or more latterly Equatorial Guinea, with production peaking at 180,000 b/d in 1988. Moreover, it lacks deepwater acreage on the scale of Equatorial Guinea, Nigeria and Angola that has yielded so many discoveries in recent years. Yet from a low point of 75,000 b/d in 2008, oil production has rebounded to 100,000 b/d for the first time in 13 years, as government reforms have enabled the country to make the most of the natural resources that it does possess. More
If it is truly to rise, Africa must rely less on foreign funding and pay its own way, explains Arnold Ekpe, Honorary President of the Business Council for Africa and Chair of Atlas Mara. The current externally focused model of African economic development is not working. If there any doubts about this, one only has to look at the huge numbers of African men, women and children risking their lives to cross the Mediterranean to Europe; or at the inadequate response to the Ebola crisis; or at the soaring levels of unemployment among Africa’s youth, a situation that is likely to get worse as Africa’s population continues to grow. By continuing to be overly reliant on developed market models of economic development, Africa is behaving like the proverbial poor man who thinks that he can get rich by doing what the rich man does rather than copying what the rich man did to get rich. More
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.
Public procurement is often portrayed as a technical, accounting issue instead of as a source of revenue for local industries and government. It can also be a tool for development, says lecturer Michael Jennings. In numerous cases, donors have pressured African countries into making public tenders open to international competition. Donors, argues Jennings, have either self-interested reasons, such as the protection of their own national "strategic" industries, or humanitarian ones, insisting, for instance, that cheaper foreign mosquito nets are preferable over more expensive locally produced mosquito nets because they can save more lives. In both cases, however, the key roles that monetary value and markets play in donor approaches to procurement obscure the further roles it can play. According to Jennings, humanitarian ends should certainly prevail, but approaches to procurement must not obscure the goal of supporting African solutions for African problems...More
The twenty-first batch of students of the Cameroon Opportunities Industrialization Centre - COIC - Buea have been called upon to be good ambassadors of the institution. The call was made on Thursday, December 8, 2011 by the Secretary General to the Governor of the Southwest Region Mr Handeson Ketong during the graduation ceremony. "Be true ambassadors of your institution and create jobs rather than remain perpetual job seekers,"he stressed. According to Mr Ketong, the COIC is very instrumental in the country as its objectives are geared towards the policy of Greater Realisation of the Head of State, President Paul Biya, which is that of creating employment and reducing poverty in a programme of actions to make Cameroon an emerging economy by 2035.
The taxi conductor approach to customer service is a model that is replicated by too many Ugandan businesses. When the taxi is cruising and looking for passengers to pick up, the duo of the driver and conductor will spare no effort to make a prospect board their vehicle. The conductor uses all sorts of endearing words to get the attention of the passenger; if the prospective passenger is in his 20s he will be referred to as uncle and if he is past 35 years the driver will call him Mzee. But once the passenger is on board the taxi conductor will become totally deaf and blind; ignoring the old passenger while putting considerable effort to attract a new one. If your business is not a commuter taxi service then you may want to pay better attention to the customer. The saying that the customer is king is not a joke because if you have no customer you have no sales and if you have no sales you have no cash flow and no profits.
Employees who feel inspired are more productive, and passion can provide the energy necessary to fuel engagement, amid obstacles and setbacks. But while passion seems clearly desirable, recent psychological research suggests that not all forms of passion are adaptive. In fact, some can be downright detrimental. According to Robert J. Vallerand’s Dualistic Model of Passion, there are two main types of passion: harmonious and obsessive. People with harmonious passion engage in their work because it brings them intrinsic joy. ..Obsessive passion is a different story...those with obsessive passion perceive their work as representing a passion for them, and they view their work as highly valued. A major difference is that they have an uncontrollable urge to engage in their work...More
Mercedez-Benz South Africa has announced that it will invest US286.5 million in production facilities to build next generation C-Class model which will be launched worldwide in 2014. The German car marker says the investment will expand the technical capacity of its South Africa assembly lines in East London to 65,000 units. “Daimler AG is delighted to include South Africa among the four manufacturing locations around the world to build the next-generation C-Class,” said Wolfgang Bernhard, of Daimler AG’s board of management. Daimler AG has invested more than US$ 720 million in South Africa over the past 10 years and plans to manufacture the new model there are viewed as a vote of confidence in local operations and the country.
By Dr. Sloans Chimatiro, Senior Fisheries Advisor, NEPAD Agency,
The 29th Session of the Food and Agriculture Organisation’s (FAO) Committee on Fisheries (COFI) was concluded today at the FAO Headquarters in Rome, Italy with calls from African members’ states for the immediate implementation of an agreement on the requirements that foreign fishing vessel must comply at fishing ports. This edition of the COFI engagements which has been in session since the 31st of January is aimed at reviewing the progress of FAO’s biennial programmes and the work-plans for the next biennium (2011-2013).