Thursday, 1 August 2013
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Francisco Grau

 The FINANCIAL -- Thirty women entrepreneurs from 27 African countries arrived in the United States to look at ways to grow their small and medium businesses, according to the U.S. State Department. The U.S. Government is committed to empowering women and supporting entrepreneurship to spur economic growth around the world. Now in its fourth year, AWEP elevates women entrepreneurs across sub-Saharan Africa who are transforming their societies through business and are voices for social advocacy in their communities. The participants travel to cities across the United States to visit local businesses, business incubators, schools, and non-governmental organizations, according to the U.S. State Department.

Thursday, 1 August 2013
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Francisco Grau

 The Chief Executive of Rlg Communications, Mr Roland Agambire, is one of the key entrepreneurs invited to address the forthcoming World Bank Group workshop on youth employment in West Africa, in the Nigerian city of Abuja later this month.

The two-day regional workshop, according to Marvin Taylor-Dormond, Director of Independent Evaluation Group (IEG), Private Sector Evaluation Division of the World Bank, would be on the broader theme of “Learning from past experiences for future opportunities in youth employment in West Africa.”
 
Thursday, 1 August 2013
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Francisco Grau

The Business Plan Competition winners namely; Momarr Taal, the chief executive officer of Organic Food Processing and Jal Yassin Jah-Mbye, the chief executive officer of Jals Healthy Foods were awarded D50, 000 each at a ceremony held at GIEPA resource centre along the Kairaba Avenue. The Business Plan competition is an initiative supported by UNDP and executed by the Ministry of Trade, Industry, Regional Integration and Employment in collaboration with Gambia Investment Export and Promotion Agency (GIEPA).

The Competition is aimed at promoting the innovation of new business ideas for Micro, Small and Medium Enterprises (MSMEs) by exposing local entrepreneurs to investment opportunities.

Speaking on the occasion, the minister of Trade, Industry, Regional Integration and Employment Abdou Colley commended UNDP for supporting what he called a laudable initiative designed to help young aspiring entrepreneurs actualize their business dreams.

 
Thursday, 1 August 2013
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Francisco Grau
During his recent trip to Africa, President Obama announced "Power Africa" and "Trade Africa," two initiatives to support the continent's economic growth, increase trade and "unleash the power of entrepreneurship and markets to create opportunity here in Africa."
With more than two-thirds of the population of sub-Saharan Africa's population without electricity, lack of accessible and affordable energy is a key constraint to economic growth. The president's Power Africa initiative seeks to double access to power in sub-Saharan Africa. Power Africa will bring to bear a wide range of U.S. government tools to support investment in Africa's energy sector, from policy and regulatory best practices, to pre-feasibility support and capacity building, to long-term financing and technical assistance. The initiative will also leverage private sector investments, beginning with more than $9 billion in initial private sector commitments to support the development of more than 8,000 megawatts of new electricity generation in sub-Saharan Africa.
 
 
Thursday, 1 August 2013
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Francisco Grau

Washington, D.C. – The Global Youth Innovative Network (GYIN) and Columbia University Business School (CBS), well-known for educating the world’s finest business leaders, have launched the first-ever GYIN-CBS InVentEd® Online Innovation, Venture Creation, Education program which aims to identify and equip young African entrepreneurs with the necessary skills and tools they need to start their business and take it to the next level. This pilot program, which begins July 29th, will start with 20 participants from Burundi, Gambia, Ghana, Nigeria, and Uganda.

This intensive online program exposes participants to entrepreneurship concepts and innovation practices by guiding them through the new venture creation process as applied to a venture idea of their choice. Participants, through interactive online lectures, short cases, and self-directed assignments, learn the core elements of venture creation and planning in a specially sequenced modular format. Each module provides the participant with the knowledge and tools required to develop a comprehensive new venture plan with the organizations, resources and individuals who can assist them.

 
Monday, 29 July 2013
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Francisco Grau
The African Tax Administration Forum (ATAF) has called on African Countries to invest in technology as one way of curbing illicit Capital flows from the continent.
 
“Electronic systems play a huge role in curbing corruption and by extension illicit flows,” ATAF Executive Secretary Logan Wort told Journalists during a recent media briefing in Pretoria, South Africa.
 
However, Wort cautioned that the systems cannot entirely stop illicit flows arguing that when people intend to break the law they can do it.
 
“Illicit is by very nature illicit and it will always be there,” said.
 
Illicit financial flows refer to a form of illegal capital flight and occur when money is illegally earned, transferred, or spent. This money is intended to disappear from any record in the country of origin, and earnings on the stock of illicit financial flows outside of a country generally do not return to the country of origin.