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Africa/International

Ratification of AfCFTA expected to increase exports volume by $35b annually

The African Continental Free Trade Area (AfCFTA), if implemented is expected to change the fortunes of the continent by increasing the volume of exports by $35 billion per year, representing 52 per cent of exports, and reducing imports by $10 billion, according to the Network of Economic Journalists for West …

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German and Chinese officials discuss trade war, economic reforms 

German Economy Minister Peter Altmaier met Chinese Vice Premier Liu He on Saturday to discuss China’s ongoing trade war with the US, and urge Beijing to undertake its promised economic reforms. The meeting occurred on the sidelines of the second Belt and Road Forum in Beijing, where representatives from more …

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Summit held to promote data science in Africa

Wave-2 Analytics, a marketing consulting firm has organised a three-day summit in Accra to discuss the future of data science and its importance to socio-economic development. The summit with sponsorship from Microsoft and Google, was attended by data science professionals, students, researchers, and business leaders from Ghana, South Africa, Senegal, …

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Turnover for technical consumer goods set to reach €779b in 2019

The high speed of technological innovations, user-experience and the willingness to pay among others are driving sales up in the technical consumer goods market, and turnover for 2019 is projected to reach €779 billion. Speaking at the IFA Global Press Conference, the media event held in preparation towards the IFA …

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Tribute to Jurgen Boyny – the man who knew the consumer electronics market so well

When Dr. Christian Goke, the CEO of Messe Berlin announced the death of Jurgen Boyny to the over 300 journalists and bloggers at the 2019 edition of the annual IFA Global Press Conference taking place in Andalusia, Spain, those who knew Boyny were hit with pain. I was one of …

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Sales value for global consumer electronics goods projected at over €1b in 2019

The sales value for the global consumer electronics industry has been projected to reach over €1 billion in 2019. Speaking at the during the Power Briefings at the 13th edition of the annual IFA Global Press Conference in Andalusia, Spain, Friedemann Stoeckle, the Vice President Global POS Support of GfK …

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Huawei makes $26.7b in first quarter 2019

Huawei says it generated $26.7 billion in the first quarter of 2019, an increase of 39 per cent over what it achieved for the same period last year. The company’s net profit margin for the period was about eight percent, slightly higher than the previous year’s, a statement issued by …

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African Court dismisses case against Ghana

The African Court on Human and Peoples’ Rights has dismissed a human rights appeal brought against the country, by one Dexter Eddie Johnson who was convicted and sentenced to death for murder and currently on death row awaiting execution. The African Court in its ruling on March 28 obtained by …

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Africa records 82 terrorist incidents in March – ACSRT Report

The African Centre for the Study and Research on Terrorism (ACSRT) has noted that, the continent recorded 82 terrorist attacks across the Region between March 16 and March 31, 2019. Lieutenant Colonel (rtd) Larry Gbevlo-Lartey, African Union Special Representative in charge of Counter-Terrorism Cooperation and also the Director of the …

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World Bank approves $200m to support provision of electricity in West Africa and Sahel Region

The availability of electricity is known to lead to the creation of job, and more importantly, small businesses, but there is scarcity of electricity in West Africa and the Sahel, where it is available, it is irregular, therefore stalling economic development. The World Bank Group last week announced the approval …

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