The Times Of Africa - Sept-Oct 2014
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The shinning stones have really polished the lives of many people in Africa. This edition exhibits the wealth of minerals that the African continent is blessed with. Through our sectoral analysis on Mining, we have made an endeavour to flash the bright picture and business prospects of the imperative sector in the African continent. The Top Story sketches the enlightening episode of the biggest U.S Africa Leader’s Summit showcasing the visions and endeavours as how to develop the economies mutually. Nigeria well designated as “Giant of Africa” has experienced an escalating economy in the last few years. THE TIMES OF AFRICA has beautifully painted the blooming country and ocean of opportunities accessible there. Also, you will get an overview of the most spreading sectors in Africa through our features on booming sectors in different countries in Africa.
Transcript of The Times Of Africa - Sept-Oct 2014
THE TIMES OF AFRICA SEPTEMBER-OCTOBER 20144ww
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SEPTEMBER-OCTOBER 2014
Advisory BoArd
COnTEnTS
H.E. Mr. Idriss Raoua OUEDRAOGOambassador of Burkina faso to india
Dr. Joseph Agyepong
Executive chairman, Jospong Group, Ghana
Professor Ajay Dubey director, area studies Programme on africa school of international studies, Jawaharlal Nehru University
Mr. P.M. Heblikarformer special secretary,
Govt. of india
Dr. A.S. Yaruingam head & coordinator (asc), department of african studies, University of delhi
Dr. Jagdish C. Sobtimedical advisor, heal ‘&’
Bliss medical tourism Pvt. Ltd., New delhi
» make a difference » is it feasible to totally rely at the whims of foreign
companies? » the master of technology » Last three options!
fEATURE
22
TOP STORY10 U.S. TAKING A U-TURNTO AfRICA
The King of the JungleSPOTLIGHT COUNTRY - NIGERIA
18 » truly inspiring » on the move
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SEPTEMBER-OCTOBER 2014
Editor: Kanchi BatraRegional Editor (Africa): R. C. DhingraAssociate Editor (French): Divya MalhotraContributing Editor (Burkina Faso): Albert Etsri ApemewoeContributing Editor (Central Africa): Mengoumou Ayissi Jean CalvinContributing Editor (Ghana): Adams Mohammed Mahama Feature Writers: Smriti Malhotra, Tanya JainCorrespondents: Kizito Sikuka (Zimbabwe), Francis K. Sackitey (Ghana), Aimable Twahirwa (Rwanda) Art Director: Krishna MohanGraphic Designer: Mohit SharmaPhoto Editor: V. K. MurtiManager-Corporate Relations: Surender ChauhanMarketing Executives: Surender Singh, Vishal DharPublic Relations Officer: Varsha PallaviPublic Relations Officer - AV: Mohd. SikandarExecutive Assistant: Saloni TayalMIS Executive: Sandeep DasFor queriesCall at: +91 81307 96166 | +91 93119 64991 +91 85951 66625 | +91 85951 66626Write to us at:[email protected]@[email protected] [email protected]@[email protected]@thetimesofafrica.com
UN 4 AfRICAWHAT’S ONreGuLArs
Mr. Mamane Sani Sandadirector General, BasE/dc, Niger
Mr. C.K. Sinha former additional secretary,
Govt. of india
Mr. Mamadou Diouldé Sowdirector General, LaGUiNtEch, Guinea conakry
Mr. Bemto Amoredirector General,
Gtoa, togo
Mr. Abdoullie TourayPresident, Wacc, the Gambia
Prof. K. MathewsProfessor of international
relations & african studies addis ababa University,
Ethiopia
DISClAIMER: All views expressed in this issue are that of the authors. The publisher may not agree with the independent views expressed in this magazine. All disputes are subject to the exclusive jurisdiction of competent courts and forums in Delhi/New Delhi only.
TRINITY HEIGHTS EXIM PVT LTD. All rights reserved throughout the world (THE TIMES OF AFRICA). Owner/Publisher/Printer: Mr. Kirit Sobti Published from 2nd floor, Plot No. 7, 8 & 9, Garg Shopping Mall, Service Centre, Opp. Sector XI (Extn.), Rohini Phase-2, Delhi-110085, India. Printed at lipee scan pvt. ltd., 89 dsidc shed Okhla Phase 1, New Delhi, Editor: Kanchi BatraT: 91 11 4751 4751 f: 91 11 4751 4752
6 408 69
LETTERS TO THE EDITORBUSINESS BULLETIN
» opportunity of investmentIN fOCUS: BURKINA fASO
56
» cameroon, Egypt, Ethiopia, morocco, Namibia, Nigeria, rwanda, seychelles, south africa
ABC Of AfRICA32
» the sparkling stonesSECTORAL ANALYSIS
42
» Joang felix molapo, minister of home affairs, Lesotho
IN RENDEzvOUS WITH...58 » toast of hard Work
SPORTS SPECIAL70
» airtel, huawei, reserve Bank of Zimbabwe, fidelity Bank, mtN mobile, Barclays
CORPORATE CALLING38
overseAs oFFicesCameroon mr. mengoumou ayissi Jean calvinEkoudou Bastos, Rue 66, Yaounde, CameroonM: 237 99 98 12 25/ 79 19 36 39E: [email protected]
Burkina faso mr. albert Etsri apemewoeSector- 05, P.O. Box – 1251Ouagadougou – 05, Burkina FasoM: +22 671038940E: [email protected]
BUSINESS CONfERENCES & MEETINGS60 » a resilient financial services sector
» first major triumph of the Bricscountries
» sadc urges deeper cooperation
BON vOYAGE66 » a Perfect honeymoon
destination: mauritius
THE TIMES OF AFRICA SEPTEMBER-OCTOBER 20146ww
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LETTERS TO THE EDITOR
This index is provided as an additional service. The Publisher does not assume any liabilities for errors or omissions.
Write to us: THE TIMES OF AFRICA values your feedback. Our endeavour is to keep working in progress to make THE TIMES OF AFRICA the preferred publication of the African and Indian business community. Send your comments to [email protected]
Advertiser’s indexMahindra & Mahindra IFCTPS Infrastructure Ltd. 9Technical Associates Ltd. 15Laxmi Publications (P) Ltd. 17Theeta Electricals Pvt. Ltd. 19First Rand Bank 21Power Nigeria 23Agritech Asia 25SSP Pvt. Ltd. 27
We are felicitous to put in the picture the Embassies/ High Commissions who have appointed THE TIMES Of AfRICA as their Official Media Partner:
BURKINA fASO
COMOROS
GUINEA CONAKRY
MALAWI
NAMIBIA
NIGER
SOUTH SUDAN
ZAMBIA
MediaOFFICIAL
Partner
Aitec Africa 29Karnavati Engineering Limited 31Bellstone 33Paranthaman Exporters 37Mining Security & Crisis Management Forum 47Zimbabwe Mining & Infrastructure INDABA 2014 49RIMEC 2014 51
JJ Overseas 53Indocorp 59CADD centre 61MILINDIA Ltd. 66AFSC 2014 68Modern Agro Engineering Works 69Lesdep IBCZoomlion BC
BOTSWANA
It was wonderful experience associating with THE TIMES OF AFRICA at Agritec Africa
in Kenya & we look forward to more & more successful venture like Agritec Africa in the future.
sanyal s. desai CEO, Radeecal Communications
Thank you so much for flying our flag high in your beautiful and classy magazine. It also gives me an immense pleasure and appreciation to realize how much you value
our Mission's inputs to your very informative magazine-“ The Times of Africa” that we all get to enjoy reading it.
Boopane Masoebe Charge d' Affairs, Lesotho High Commission
I thank THE TIMES OF AFRICA and appreciate the good work in covering and trying to make bond stronger by updating everyone with what is happening between India and
Africa.
ernest rwamucyo High Commissioner, High Commission of the Republic of Rwanda
It is both encouraging and refreshing to witness the emergence of top-quality publications like THE TIMES OF AFRICA. As we celebrate Africa Day, we pause
to congratulate you for answering the call for Africa and India to disseminate their own, positive news about development and amity.
Jonathan Wutawunashe The Ambassador of zimbabwe and Dean of the Diplomatic Corps
I must congratulate and thank THE TIMES OF AFRICA for continuously making sure that the immense opportunities available in Africa are publicized in their magazine to
boost the economy.
Florence imisa Weche High Commissioner, Kenya High Commission
REPUBLIC Of CONGO
SEYCHELLES
THE TIMES OF AFRICA SEPTEMBER-OCTOBER 201410ww
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he three day Us-africa summit, aug 4-6, 2014 commenced amid the Ebola outbreak which goes forward to take over the banners. President obama graciously cheered leaders from across the african continent to Washington, d.c. to an event which was envisioned to fortify bonds between the United states and one of the world’s most vibrant and fastest growing regions, africa.
Grounded on broad discussions and shimmering shared goals, summit encompassed sessions on trade and investment, growth, peace and security, and governance. other events augmented and educated the exchange of ideas among heads of state and government, counting the Young african Leaders summit, the civil society forum, the landmark U.s.-africa Business
TOP STORY
T
the first of its kind U.S. africa Leaders’ Summit, the biggest assembly of business leaders and policy makers from the United States and africa is now being labelled by as a huge success. the three-day meeting deliberated affairs vis-à-vis trade, security and governance. it was in reality a way to push the often belittled african continent’s economic prospective and safeguard it a sunnier future.
forum, and the african Growth and opportunity act (aGoa) ministerial.
these events built-in a range of U.s. and african civil society, youth and business leaders and accentuating a belief of broad, bilateral support for U.s. engagement with africa involvement by members of the U.s. congress. the summit also encompassed a day-long spousal Program, hosted by first Lady michelle obama and former first Lady Laura Bush that was absorbed on the impression of investments in education, health, and public-private partnerships.
speaking at a press conference to wrap up the three-day summit, obama said: "rather than a lot of prepared speeches, our sessions were genuine discussions, a chance to truly listen and
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to try to come together around some pragmatic steps that we can take together and that’s what we have done this week.”
The Secret Recipethe obama government might have discovered the secret recipe although a bit late, explicitly that africa is shifting in the face of all the glitches that are present on the ground. there is a rising middle class who are energetic and educated, africa is home to most of the budding economies in the world, and is chucking out more and more refined young professionals that are
Jacob ZumaPresident, south africa
THE COnFEREnCE HAD SuCCEEDED In BRInGInG AlMOST All AFRICAn lEADERS TOGETHER unDER OnE ROOF TO DISCuSSCOMMOn InTEREST WITH THE unITED STATES, A CRuCIAl MARkET FOR AFRICAn GOODS.
U.S. President Barack Obama (C) speaks during a session on "Investing in Africa's Future"
Delegates from African nations listening to opening remarks during the first pleanery meeting
THE TIMES OF AFRICA SEPTEMBER-OCTOBER 201418ww
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SPOTLIGHT COUNTRY NIGERIA
nigeria is frequently bring up as the Giant of africa due to its large population and economy. With about 174 million inhabitants, nigeria is the most populous country in africa and the seventh-most populous country in the world. the country is populated by over 500 ethnic groups, of which the three largest are the Hausa, igbo and Yoruba. regarding religion, nigeria is roughly divided in half between Christians, who live mostly in the southern and central parts of the country, and Muslims, focussed typically in the northern and south-western regions.
ions are the kings of the jungle because of their raw power and strong point. having rich reserves of natural resources, and well-developed financial and communications sectors, Nigeria is the Giant of africa due to its large population and economy. Perhaps this is why Nigeria can be deliberated as the King of africa. ins and outs are indefinite to label the bravery of this lion that impelled it to be the King of the Jungle.
Nigeria is situated in West africa and shares land borders with the republic of Benin in the
L west, chad and cameroon in the east, and Niger in the north. its coast in the south lies on the Gulf of Guinea in the atlantic ocean.
Truly InspiringNigeria is categorized as a mixed economy developing market, and has by now touched lower middle income status according to the World Bank, with its plentiful supply of natural resources, well-developed financial, legal, communications, transport sectors and stock exchange (the
THE KING Of THE JUNGLE
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