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The Benin Epilogue Part I: Africa-Ready for Business
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4:26
From: The Benin Epilogue Part I: Africa-Ready for Business
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A New Yorker cover illustration, showing Barack Obama dressed as a Muslim fist-bumping his gun-toting wife, [SEE CARTOON] fell a foul of the humour police Monday. To some, it was satire. To others, it was aid and comfort to the malice mongers who hide under the rocks of American politics. In the end, it was both. Like a practical joke, satire can be hysterically funny without a shared catharsis, but that’s often a cruel form of humour. To be effective — if by effective one means a teachable moment, a transformative bump forward in self-awareness — the humour must be widely appreciated....READ MORE
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6:53
From: The Benin Epilogue Part I: Africa-Ready for Business
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Nairobi, 12th July 2008 - More than 600 University students and business people converged today at the Nairobi Panafric Hotel to witness Community Entrepreneurship projects carried out by Various students in the 14 SIFE Kenya teams. Moi University emerged winners, followed by the University of Nairobi and Africa Nazarene University... READ MORE and Download photos
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6:44
From: The Benin Epilogue Part I: Africa-Ready for Business
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Sources close to the treasury indicate that the rogue finance minister, Amos Kimunya was actually fired given the dangerous political temperatures that he was raising in the country.... READ MORE
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3:42
From: The Benin Epilogue Part I: Africa-Ready for Business
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The Grand Regency Hotel changed hands at Sh1.85 billion and not Sh2.9 billion. Earlier reports by the finance minister Amos Kimunya were proved wrong by evidence produced by his cabinet colleague, the Minister for Lands, James Orengo who uncovered newer details about the shady deal. A Libyan embassy official, Mr Ahmed Mabrouk, said the mission was not involved in the transaction, adding that the matter was purely between investors from his country and the Central Bank of Kenya. Members of parliament have planned a motion of no confidence in the Finance Minister whose aides in the shady deal were paraded yesterday in shame. The list includes Kenya's Central bank Governor who had earlier denied any links in the transaction …... READ MORE
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5:05
From: The Benin Epilogue Part I: Africa-Ready for Business
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The creation of a grand coalition government marked the beginning of a very sensitive period of national healing and reconciliation for Kenyan. Several allegations of grand corruption that threaten the very stability of the coalition have emerged. Some senior ministers are acting unilaterally in handling very sensitive national issues for example the case of Safaricom IPO, Kenya - DelaRue Saga and the Secret Sale of the Grand Regency Hotel. If allegations against Kenya’s finance Minister, Amos Kimunya are true, then he should not just resign but …READ MORE
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2:27
From: The Benin Epilogue Part I: Africa-Ready for Business
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By forcing the opposition to abandon the election, Robert Mugabe has undermined his position. He is, as a result, weaker; but he and his thugs are determined to hang on. He has the tyrant’s delusion that “only God”, as he puts it, can displace him. So Western and African countries, especially Zimbabwe’s neighbours, must act in concert to get rid of the ogre that has shamed an entire continent. Uncle Bob is forgetting that the world can finish him off very easily in a few calculated steps .....READ MOREOf course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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0:23
From: The Benin Epilogue Part I: Africa-Ready for Business
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Social Entrepreneurship: Tobias Sturmer, Artistic Director for Empowerment Works: "As part of our commitment to highlight social entrepreneurship in Africa, the Cheetah Index brings you this interview with Tobias Sturmer-Artistic Director of Empowerment Works Music. Before going into the interview here is an excerpt from Empowerment Works that describes Tobias's background: 'Tobias Sturmer is an ethnomusicologist, producer, social entrepreneur, musician, composer and educator living in London, UK and Cologne, Germany. Originally from Germany, he has lived in Dominican Republic, USA, Senegal and Venezuela, studying music and culture, teaching and performing. Since arriving in London in 1998, he has acquired an MA in Ethnomusicology at the School of Oriental and African Studies, London University. He performs professionally on the London Jazz, Latin and African music scene as well as on the contemporary dance scene. T.S. has been running a non-profit artist support scheme in Senegal and Uganda since 2002. The aim of his work has been to 1) encourage cultural and economic development of African communities by providing African musicians with tools for self-reliance, and 2) to document and to enhance the cultural heritage of musical traditions in Africa." 1.How were you able to make the connection between traditional African music and economic empowerment? Empowerment Works have been involved in a wide range of programs that aim to empower people in Africa; we are running a large number of projects there. My contribution is being the artistic director of our music department, called EW Music. So my personal angle to development work in Africa is coming from a cultural point of view, rather than an economic one, even though the two are obviously linked in the idea of empowering others. Basically I think that if you strengthen cultural values, identity and inspiration you strengthen everything else. To understand and to evaluate the work EW Music is doing one has to look at what music means in these particular communities where we are present: The Diola people who live in the Casamance region of Senegal are culturally marginalized as well as they are geographically cut off from the rest of the country. The music scene in Senegal is almost entirely centered around Dakar and even there, one can't buy Diola music . All the musicians we record would otherwise never have a chance of being recorded within Senegal. They are locally performing musicians who don’t have the means to travel to a studio and also, they have no recording experience.
There is a connection between music, culture and economic development because one of the main problems in Casamance is that the young people do not want to stay in the villages, so they leave for the big cities. So we try to contribute on a cultural basis to these villages by recording their musicians for free, as well as making and designing the covers of the cassettes for them as the cassette is still the main medium for music. Our approach towards empowerment means that we don't do the manufacturing and distribution for the artists, they must do it themselves; we simply facilitate the master. Also, we don’t have the capacity to manufacturer 100 copies or more for each of the many artists who work with us. On the whole, this is a young project and it still requires more funding. Right now, we are looking for funding partners because although we now have produced our first compilation CD La Musique Diola Volume 1, we still need the funds to present this inspiring project idea to the world…. and the music to the radio stations in Senegal. 2.Do you have plans to take this fair market project to other parts of Africa or will you continue to focus upon the Casamance region of Senegal and Luwero, Uganda? We will absolutely go to other regions. Casamance is close to my heart since I lived there for one year. But this project can be taken everywhere. Next stop is going to be in Ghana. I will be recording artists in Ghana and take our London based Hi Life Band Yaaba Funk to Ghana to collaborate and learn from local musicians. We will make the resulting music available in the West and have a good part of the proceeds go to projects supporting those very artists. We also have good contacts with Eritrea, and we are looking to do a musical festival in Burundi ( the Great Lakes Project) to help put communication back on track between ethnic groups who were on opposite sides during the genocide that took place in 1993. In the run up to the festival I have the capacity to produce about 12 unsigned bands, who would then have their CD to sell at the festival. This is taking into account our current budgetary constraints. We aspire to bring out another compilation CD featuring all 12 bands and because of the effect that the genocide had on women of the Great Lakes Region we are also planning another compilation dedicated to women and children issues. Right now we are in the planning stages of this very ambitious project." Of course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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7:13
From: The Benin Epilogue Part I: Africa-Ready for Business
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Polls have already opened in Zimbabwe, and Mugabe is headed for sure landslide win. Not because Zimbabweans adore his leadership but because Britain wants him to win. He is the most popular president the world has ever known and has great hope for Zimbabwe ....READ MORE
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2:32
From: The Benin Epilogue Part I: Africa-Ready for Business
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Despite his flaws, Zimbabwe’s Big Man Robert Mugabe has a “good side”. Compared to Mobutu who grabbed many people’s wives, Mugabe stole only one. During the first round of the Zimbabwe elections, Mugabe stole the vote but had some decency left - he didn’t steal enough to deny Tsvangirai victory. He only rigged it to .......READ MORE
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7:52
From: The Benin Epilogue Part I: Africa-Ready for Business
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 With just a week to go before Zimbabwe’s run-off elections – and with the body count growing – President Mugabe has been warned that he could be hauled before the International Criminal Court in The Hague over the atrocities inflicted on his opponents. Any attempt to bring Mr Mugabe before the court in The Hague faces formidable obstacles. The ICC has charged 11 Africans – two from Sudan, four from Uganda, one from the Central African Republic and four from the Democratic Republic of the Congo – but it does not have jurisdiction over Zimbabwe....... READ MORE
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4:23
From: The Benin Epilogue Part I: Africa-Ready for Business
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The rising cost of food, Africa's energy deficiency and its projected failure to meet the Millennium Development Goals has forced a deeper conclusion that Africa has a serious leadership deficiency. Only 4% of national budgets are currently spent on agriculture, and investment is hampered by precolonial land rights that still prevail in most of sub-Saharan Africa. Meanwhile the cost of fertilizer has risen even more dramatically than the cost of fuel, leaving farmers facing a triple whammy: oil- and food-price rises.. Read More
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4:45
From: The Benin Epilogue Part I: Africa-Ready for Business
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 With short term trading, you have to speculate which shares are going to be most volatile. In this case you see profits immediately but if you speculate on the wrong stock, you might end up losing part of your investment capital. If the company you are vested in is fundamentally strong with a strong upside potential, you will lose out on big potential gains if you were to cash out too early. For Safaricom Shares: To go Short or Long Term? The Right Way Revealed One of the advantages of short term investing …….. READ MORE
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4:13
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Mr Joseph was picked for the Kenyan job because he lacked the finishing-school polish required to be a European boss. In some ways it was a homecoming. A self-described “Bolshevik character” in his South African youth, he fled the country in the 1980s when the strictures of apartheid tightened. He had made his name there as a “network man”. When Mr Joseph arrived at Safaricom in 2000, the company had 20,000 customers..... READ MORE CLICK
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7:09
From: The Benin Epilogue Part I: Africa-Ready for Business
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7:02
From: The Benin Epilogue Part I: Africa-Ready for Business
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 It is hard to overstate the historic significance of the just-concluded Democratic Party primaries in the United States to select the party's standard-bearer in the presidential election, and the ultimate triumph of Senator Barack Obama..... READ MORE
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0:45
From: The Benin Epilogue Part I: Africa-Ready for Business
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Sierra Leone Ports: Is Privatization the Answer?: "For centuries, economists and political leaders have debated the issue of privatization versus non-privatization and private versus public sector ownership as a major means of production and distribution.In all of these debates, the strategic importance and national security implications of utilities like water, gas and electricity, communication (telephone cable and wireless) and urban transit made it possible for them to be treated as Natural Monopolies. Natural Monopolies which were established by government were regulated interms of prices to charge quality of service and items produced. As a result, only one company was given the go ahead to produce anyone of the items or services identified earlier. Incidentally, this was done because of the huge expenditure involved in setting up such enterprises. Also the decision to grant such a privilege to only one company was taken into account in order to avoid waste of resources through duplication of assets; to avoid confusion and risk to consumers coupled with the desire to maximize profits and minimize losses. The ideas, which were primarily western, were later transferred to the colonies of the metropolitan power. Public utilities in the colonial era were akin to pure monopolies because they produced items/services for which there were no known close substitutes. It was therefore the absence of competition that created the environment for the practice of “benign neglect." Of course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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4:05
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Finally deep rooted suspicions and condescending attitudes towards “the rest of Africa” have erupted into a wave of violence against black immigrants living in South Africa. It has to do with two things. First of all there is resentment against the same person being at the helm, which is good for democracy. And also Mr. Mbeki had a distance between himself and the general population. Looking at history, Mbeki is solely to blame for this....... CLICK TO READ MORE
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3:59
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Whereas in previous meetings aid topped the agenda, this time it has been all about the hunt for natural resources—with Africa's best interests at heart, of course. Like the others, Japan is offering sweeteners to make itself a saucier commercial partner but many analysts are saying "Japan it has come too late to this second scramble for Africa"...... CLICK TO READ MORE
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3:25
From: The Benin Epilogue Part I: Africa-Ready for Business
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 As Africa heads converge in Japan for the Tokyo International Conference on African Development (TICAD), it is urgent that we reflect on African interests. We already have had Sino-Africa, Euro-Africa, Indo-Africa and now TICAD. The most common denominator in all these is aid. CLICK HERE TO READ MORENOTE: Are the Xenophobic attacks in South Africa Justified?(Give you view on the violence in South Africa in the poll at the top of Business in Focus homepage)
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2:56
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Like with politics, espionage knows no permanent friends or enemies, only the convergence of interests. Mr Gaddafi, probably through Ugandan and Soviet intelligence sources in Nairobi, came to learn about the presence of Libyans dissidents in Kenya. He was furious, and immediately set about planning how to retaliate. A Libyan commando force assembled near the Entebbe Airport in Uganda, ready to strike once the exact location of the secret camp holding Libyan dissidents in Kenya was established...... READ MORE CLICK HERE
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4:10
From: The Benin Epilogue Part I: Africa-Ready for Business
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 By Raila Odinga It is now three months since the National Accord and Reconciliation Agreement mediated by former United Nations Secretary-General Dr Kofi Annan was signed. But Kenyans are still savoring and expressing their relief over the restoration of peace....... READ MORE CLICK HERE
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7:26
From: The Benin Epilogue Part I: Africa-Ready for Business
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 By Amengeo Amengeo The recent outburst of criminal violence against Africans seeking employment has less to do with ‘xenophobia’ as touted by the reactionary press but more to do with chronic unresolved anger of the black South African masses..... READ MORE CLICK HERE
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3:03
From: The Benin Epilogue Part I: Africa-Ready for Business
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Every year, Africans mark May 25th as an official Africa Liberation day. The date is celebrated to push for an onward progress on the liberation movement and symbolize the determination of the people of Africa to free themselves from foreign domination and exploitation. A casual observation of many groups that celebrate this great day reveals that we are still entrenched in the mindset of entitlement - the belief that some other entity owes us, due to past misdeeds. Our problems and challenges are of our own making: talk of press freedom, bungled elections, food crisis... Read MORE
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21:25
From: The Benin Epilogue Part I: Africa-Ready for Business
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4:23
From: The Benin Epilogue Part I: Africa-Ready for Business
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 By Timothy Kalyegira As I focus these days on the dark deception at the international level, we turn today to the most extreme example: Zimbabwe. I have followed world media reports extensively but there is something I have not once heard asked or discussed: Why is Zimbabwe, once one of Africa’s most promising countries, where it is today? Or more pointedly, why is Zimbabwe reported and portrayed to be where it is today? Read More
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2:49
From: The Benin Epilogue Part I: Africa-Ready for Business
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 INDIANAPOLIS – Illinois Senator Barack Obama has the Democratic presidential nomination firmly within his sights today after scoring a huge victory in North Carolina and battling challenger Hillary Clinton.... Read More
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0:42
From: The Benin Epilogue Part I: Africa-Ready for Business
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I’ve been preoccupied with risk these days. Or risk mitigation to be exact. I’m tired of watching my TD Ameritrade account get whipsawed. It’s got me thinking. Would a portfolio invested solely in African markets be a tragedy waiting to happen? The chart below shows the correlations (or lack thereof) between the dollar-adjusted monthly returns of 10 African local stock indexes over the past 16 months. This is a relatively short time frame, but I think it’s sufficient to get an idea of some of the relationships between the countries that we cover in this newsletter. Unsurprisingly, the strongest positive correlation we see is between the Johannesburg Stock Exchange (SA) and the Emerging Market Index (EEM). South Africa is a full-fledged emerging market. It is large and liquid, making it a favorite of funds desirous of exposure to the continent. But this also means it is likely to be hit first and worst in the event of a global economic downturn. The next strongest correlation is that between South Africa and Namibia. The neighboring countries share a customs union, a currency linkage, and a lot of history. Thus their stock indexes move in a concerted fashion. Similarly, the markets of Kenya and Uganda exhibit a strong relationship. Investors from both countries can easily invest in one another’s markets. And landlocked Uganda is almost entirely dependent on trade routes through Kenya. Thus, Kenya’s political crisis early this year hurt the Ugandan index more than the Nairobi Stock Exchange itself! Continue Reading at Cheetah IndexOf course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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3:47
From: The Benin Epilogue Part I: Africa-Ready for Business
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 It is emerging that many local and international investors were cheated into buying shares in the recently concluded East Africa's largest ever Initial Public offering (Safaricom IPO). The company recently issued a revised Safaricom prospectus raising eyebrows as it borders on reneging on a sworn affidavit that's binding. Read More CLICK HERE
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23:44
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Excerpt from the interview between the Cheetah Index and Zahid Torres-Rahman, Director, Business Action for Africa. "Below is the interview with Mr. Zahid Torres-Rahman.
Please tells us a little bit about your personal story and how you became involved in this endeavor?
Ever since my time as a teacher in Zimbabwe in the late 80s, I have been passionate about Africa. After a career in the private sector, I joined the UK Government and ultimately joined UK Prime Minister Blair's Commission for Africa to head the work of economic growth and private sector development. 2005 was an exciting time for those of us wanting to support African-led development. But for me there were three things very wrong with the headlines on Africa at the time.
First, the non-government organizations, while very successful in raising Africa high up the policy agenda, were missing a big part of the story. In focusing on aid and debt relief, hardly any attention was being paid to the priorities of Africans themselves: the opportunity to get jobs, grow their businesses and trade in a fair world market.
Second, Africa was being portrayed as if it were one country on the brink of disaster. In fact the Africa that any one who knows Africa will tell you about, is one of huge diversity and immense opportunity, the role of business as the drivers of long-term growth and poverty reduction had been all but written out of the story.
We set up Business Action for Africa (www.businessactionforafrica.org) as an informal network of businesses, business organisations and development partners to take action on these fronts – to provide an alternative voice on the policies needed to make poverty history; to promote a more balanced view of Africa; and to showcase and promote the role of business in delivering positive change for Africa and its people.
So how exactly does doing business in Africa help to improve living conditions on the continent and where does Business Action for Africa fit into this conversation?
Nearly all poor people are in the private sector: as producers or employees - whether this is in small family farms and small businesses or as part of the supply chain of a large multinational. In a survey of 60,000 poor people published back in 2000, the majority saw self-employment, getting a job or starting a business as the best way to escape poverty. That is, poor people themselves see business as integral to their strategies for improving their living conditions.
Business Action for Africa tells this story and calls on governments and international donors to help small businesses grow. We also showcase the role that larger national and international companies can play in fighting poverty through their core business: creating jobs, building opportunities for small businesses as suppliers and distributors, developing products and services that meet the needs of poor people, and paying taxes that then go on to fund social spending.
When did you begin to see the organization's efforts yield fruit both in terms of achieving the main three objectives of Business Action for Africa and with respect to attracting some of the corporate sponsors that you have? Was there ever a time when you felt like this journey would be an uphill battle?
The focus of Business Action for Africa is to catalyze business-led collective action. In addition to our advocacy work and best-practice sharing, we have supported a number of projects on the ground. One of these is called Business Action Against Corruption. BAAC is founded on the view that change requires indigenous and international private sector actors to find practical ways to collaborate with governments to tackle corruption. Led by organizations like Royal Dutch Shell, the Commonwealth Business Council, and Southern Africa Forum Against Corruption, there are now programmes running in Botswana, Cameroon, Malawi, Nigeria and Zambia."
Of course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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4:42
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Images of rioters in Egypt, Senegal, Cameroon, Burkina Faso and Mozambique (among others) clashing with police in protest against soaring food prices and Kenya’s abandoned internally displaced people all tell a similar story: Africa needs to ........... Click to Read MORE
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1:42
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Raila Odinga, the 63-year-old newly appointed Kenyan prime minister, is described by both friends and foes as the engine that drives politics in Kenya. Odinga was born in January 1945, in Maseno, Nyanza Province of Kenya, the second son of nine children of the late Jaramogi Oginga Odinga, who was Kenya's vice-president and doyen of opposition....... READ MORE
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6:03
From: The Benin Epilogue Part I: Africa-Ready for Business
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 HOST Africa is the latest magazine offering a new approach to the hospitality industry news, information and analysis in East Africa. The magazine set to go out in June is already testing its new website VIEW HERE
It is published by All Times Media Kenya, and will be distributed exclusively via suscription to Top industry decision makers in the hospitality industry (Airlines, Hotels, Restaurants, Industry Suppliers, Business Travellers). Copies of the magazine will also retail at major newstands throughout East Africa and parts of South Africa, the US and Europe. you can suscribe to recieve exclusive copies of HOST Africa magazine through this blog CLICK HERE
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5:41
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Rogue stockbrokers, not the electronic trading system, are to blame for the financial crisis facing Nyaga Stockbrokers and other ills afflicting the Kenyan stock market. CLICK TO READ MORE.......
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1:46
From: The Benin Epilogue Part I: Africa-Ready for Business
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 Do you have the ability to be a top-notch journalist? Could you write the sort of articles that can be published in international press? Click Here to participate in an international writing competition to stand a chance for your work to be published alongside some of the best journalism in the UK plus computing equipment worth $1500. ENTER HERE
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6:31
From: The Benin Epilogue Part I: Africa-Ready for Business
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 With all indications showing that a large number of small investors are likely to be locked out of the forthcoming Safaricom sale, the spotlight must turn to Finance minister Amos Kimunya over his timing of this offer that is billed as East Africa’s biggest..... CLICK HERE for the rest of the story
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22:48
From: The Benin Epilogue Part I: Africa-Ready for Business
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| Post Election Kenya: No Need to Re-Invent the Wheel Dr. George B. N. Aytittey , Free Africa Foundation |
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|  Days after Kenya post elections, riot police block Uhuru Park. Photo by DEMOSH.  ABOUT THE AUTHOR
Kenya’s Crisis – A Synopsis
George B.N. Ayittey
1. Africa’s political elites never learn from their own foolish mistakes (Kenya’s own 1992 political violence), nor those of other African countries. The crisis in Kenya is an exact replica of what happened in Cote d’Ivoire in 2000, following a disputed election.
The country is now divided between the Muslim north and the Christian south. Remember that Cote d’Ivoire used to be the most stable country in West Africa.
2. Last December, I urged Kenyans to vote out ossified politicians like Odinga and Kibaki and bring in fresh new faces.
3. Much of the blame for these unnecessary deaths and destruction should be reserved for Odinga and the opposition. I am not an admirer of Kibaki, so forget about him. We all know that EVERY incumbent African president will do everything possible to RIG an election and MANIPULATE the results to return himself to power. We know this; it is a FACT.
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Of course, I love your comments. But, if you can't comment at this particular time- but would like to let us know that you were here; please sign and View my guestbook
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8:17
From: The Benin Epilogue Part I: Africa-Ready for Business
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 The world risks loosing over 33 million people in Kenya’s post election violence that has rocked the country over the past one month. The European Union, The commonwealth and the African Union raised concerns that presidential vote tallying was deeply flawed and fell short.... READ MORE
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4:46
From: The Benin Epilogue Part I: Africa-Ready for Business
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Another opposition (ODM) MP has been killed in Kenya, as violence continues over last month's disputed election. David Kimutai Too was shot dead Thursday and his body taken to Moi Teaching and Referal Hospital. The man was shot dead in the western town of..... READ MORE
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1:03
From: The Benin Epilogue Part I: Africa-Ready for Business
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 A rigged election, ethnic violence, economic dysfunction and now a political assassination -- the crisis in Kenya has hit a sad superfecta. Worse, the politicians who loosed these forces don't look capable of reining them back in. It's been a month since....... READ MORE
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4:46
From: The Benin Epilogue Part I: Africa-Ready for Business
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 There is a very grave situation in Kenya at the moment that calls for international support to end violence that has rocked the country over the past one month. Just Yesterday, a Kenyan Lawmaker was killed fuelling READ MORE
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5:54
From: The Benin Epilogue Part I: Africa-Ready for Business
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 The year 2007 was marked by a notable setback for global freedom, Freedom House reported in a worldwide survey of freedom released today. Kenya is now being pronounced in the same breath as the Lawless Somalia among other unstable countries.... READ MORE
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22:33
From: The Benin Epilogue Part I: Africa-Ready for Business
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