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Wed,21Feb2018

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South Africa's industrial policy is bearing fruit

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South Africa's trade and industry minister Rob Davies​ speaks to The Africa Report about developing regional value chains and the importance of the state’s role in getting positive social and economic outcomes from the private sector​.

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Sierra Leone: Weaning banks off government finance

Sierra Leone's small businesses may be the winners. Photo©Daniel Wallis1/ReutersA halt on state borrowing should force banks to start offering cheaper loans to the struggling private sector.

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Sierra Leone's private sector rushes to fill the void as dam disappoints

Bumbuna Dam, 35 years in the making, has been riddled with problems since opening in 2009/Photo©Katrina Manson/reutersPoor management and weak infrastructure mean that the government and companies are relying on independent projects to meet electricity demand.

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Asia shows the way to industrialise, says UNECA

On the Zambian copperbelt, government has created industrial clusters to add value to the raw material produced, but take-up is slow©JEAN-CLAUDE COUTAUSSE / DIVERGENCEThe UN body's 2013 report says lessons can be learnt about value addition and the state's role in creating the right environment for private-sector investment.

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Africa: Business leads the way

World Bank figures show that the continent has boosted its gross reserves from $82.9m in 2003 to $301.5m in 2012/Photo©Getty ImagesPolitical instability, lack of financing, weak infrastructure: the African private sector still has several stumbling blocks to overcome. It is therefore essential that it ensures a stable growth benefiting the largest number of people.

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South African infrastructure development for growth

Photo©SIPAThe ambition is daunting and the financing needs are stratospheric, yet South Africa's $100bn infrastructure programme – with a mix of state and private sector funding – is edging towards reality.

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Tokyo pushes Africa's private sector

Driven by demand from its African trading partners, the Japanese government is looking for new ways to get the private sector involved in its African economic initiatives.

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Private sector corruption

What is private sector corruption? A flippant answer would be anything that the losing party in a job or tender selection process says it is, since there is that old saying that one person's corruption (or patronage, nepotism) is another's rightful meritocracy!

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Ghana to become net exporter of electricity

Ghana is seeking private sector participation in the management and distribution of electricity/Photo/reutersGhana is improving its power generation, transmission and distribution capacities to become a net exporter of electricity in the West African sub-region by 2015.

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Idit Miller, EMRC VP: Africa needs more regional collaboration

Idit Miller, EMRC International Vice President and founding member, speaks to The Africa Report about how the business of agriculture must be carried through by Africa's small scale farmers, if it is to be successful, and why the private sector and governments must wake up to this reality.

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Events

 Investing in Mining Indaba
5-8 February 2018 | Cape Town, South Africa - http://https://www.miningindaba.com
 Mining Indaba 2018
Investing in African Mining Indaba is solely dedicated to the successful capitalisation and development of mining interests in Africa. Located in Cape Town, South Africa for over 20 years, this event unites investors, mining companies, governments and other stakeholders from around the world to learn and network, all toward the single goal of advancing mining on the continent. Also known as Mining Indaba, we are dedicated to supporting education, career development, sustainable development, and other important causes in Africa.

   
 Nigeria International Petroleum Summit
19 February 2018 | Abuja, Nigeria - https://www.africa-energy.com/event/nigeria-international-petroleum-summit-2018
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Nigeria's petroleum industry is the largest in Africa with proven Oil and Gas reserves of 37 billion barrels (bbl) and 192 trillion cubic feet respectively.

The sector contributes about 10% to the country's Gross Domestic Product and accounts for 95% of all exports. Given that Nigeria's Gas reserves have remained largely untapped, the country is expected to make a shift towards becoming a major producer and exporter of Gas.
With on-going reforms in the sector and improved engagement with host communities, Nigeria is positioning herself to be the foremost oil and gas investment destination. The official Nigeria International Petroleum Summit will therefore create the perfect platform for the world to meet Nigeria's Oil and Gas industry players, and will be:

• A meeting between key Nigerian political decision-makers, government officials as well as directors and specialists from the Ministry, NNPC and other relevant governmental bodies on the one part and Directors of National & International companies, multinational and multilateral organizations, the academia and other relevant stakeholders, etc on the other;

• An international exhibition of economic operators, national and international companies and potential investors coming together to present new technologies and know-how in the petroleum sector.  

   
 Energy Council - Mozambique Assembly
12-13 March 2018 | Maputo, Mozambique - http://www.oilandgascouncil.com/event/mozambique-assembly
 Mozambique Assembly
The upcoming Mozambique Assembly, 12 and 13 March 2018, will focus on investment and national skills development in association with ENH and INP. To be officially opened by H.E. President Filipe Nyusi, the Mozambique Assembly is the region's premier national event gathering the most influential players from across the finance, investment, oil & gas, training, education and infrastructure sectors for two days of networking, corporate development and knowledge gain through focused and interactive discussions.
   
 The Africa CEO Forum
26-27 March 2018 | Abidjan, Côte d'Ivoire - http://http://www.theafricaceoforum.com
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The AFRICA CEO FORUM, held alternately in Africa and Geneva, its international headquarters, is the largest annual meeting of the African private sector and brings together over 1,200 business leaders, investors, policy makers and journalists from more than 70 countries, to put Africapitalism at the forefront of the global agenda and advance the issues critical to the future of the continent and its companies. Following the 5th edition, which recorded a significant increase in attendance, the continent’s leading decision-makers will once again be gathering in the Ivorian economic capital of Abidjan for the AFRICA CEO FORUM in 2018.

   
 Mo Ibrahim Governance Weekend
April 2018 | Kigali, Rwanda - http://http://mo.ibrahim.foundation/fr/annual-event
 Mo Ibrahim Governance Weekend
The Ibrahim Governance Weekend is the flagship event of the Mo Ibrahim Foundation, held every year in a different African country. This three-day event convenes prominent African political and business leaders, representatives from civil society, multilateral and regional institutions as well as Africa’s major international partners to debate issues of critical importance to Africa. The weekend begins with a Leadership Ceremony, which celebrates the Ibrahim Laureates and, if the Prize has been awarded that year, gives the opportunity to honour the new Laureate. A whole day is then dedicated to the Ibrahim Forum, a high-level discussion forum which tackles the challenges facing Africa and sets out priorities for action. The weekend concludes with a public concert highlighting some of the best performers of the continent and a football match showcasing outstanding African football.

   
 AFSIC
2-4 May 2018 | Park Plaza, Riverbank, London - https://www.afsic.net
 AFSICAFSIC is one of the most important African investment events held globally. It has a very strong investment focus and is attended by many of the most important global investors investing into Africa and by investors interested in learning more about African investment opportunities.

Now in its 6th year AFSIC 2018 will be held in London on 2nd to 4th May 2018. AFSIC focuses on attracting investment into Africa’s financial services sector, and will be attended by financial services companies from across Africa including Banks, Insurance Companies, Microfinance Companies and Leasing Companies, as well as a wide array of Fintech companies and other Financial Services companies developed around a “new economy” model. The structure of AFSIC is specifically designed to provide African companies seeking investment with multiple opportunities to present their company to, and meet with, a very large variety of both debt and equity investors and also dealmakers focused on Africa with a view to attracting inward investment and developing strong and sustainable business relationships with investors.

   
 

New links in the value chain

altReturning members of the diaspora and local businessmen are injecting much-needed investment into the country’s weak private sector     

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Africa's future and the World Bank's support to it

altOn the day the World Bank announces its new Africa strategy, its chief economist for the Africa region, Shantayanan Devarajan, sets out the Bank’s thinking.


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Interview: Shanta Devarajan, World Bank chief economist for Africa

altIn this wide-ranging interview Shanta Devarajan talks about the legacy of structural adjustment programmes and conditionality, liability for when programmes go wrong and the latest from the ongoing review of the World Bank's Africa policy.      

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