Month: June 2014

The International Monetary Fund (IMF) today opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries’ policymaking capacity by transferring economic skills and best practices.

The institute’s key objective is to contribute to improved macroeconomic and financial policies through high-quality training, which will ultimately support sustainable economic growth and poverty reduction in sub-Saharan Africa.

“This is a new type of institution and it embodies the IMF’s new integrated approach to capacity development,” IMF Deputy Managing Director Min Zhu told ministers, central bank governors, development partners, diplomats and senior Mauritius government officials at the opening ceremony.

Mr. Zhu said the ATI was strategically located right next to the Fund’s Africa regional technical assistance center (AFRITAC) AFRITAC South in Ebene, which already provides technical assistance to 13 countries in Southern Africa and the Indian Ocean.

“Africa now benefits from a whole network of regional technical assistance centers – in addition to the AFRITAC South, there are two AFRITACs in the West, one in the East, and one in Central Africa. The ATI will be a welcome addition to this network. Because it develops synergies between training and technical assistance, the institute will fit into this network, which will greatly enhance capacity development in Africa,” said Mr. Zhu.

Mr. Zhu recognized contributions to the set-up of the ATI from the host country of Mauritius and also from the Australian Agency for Economic Development (AusAid) and the People’s Bank of China.

The opening of the ATI comes at a time when growth in Africa continues to average more than 5 percent, and with some countries also showing improvements in governance, private sector growth, and improved health and education. However, there are still many risks and challenges.

“Some of these risks are driven by external factors, such as global financial conditions, but others – such as rising fiscal imbalances and elevated current account deficits – are driven by domestic policies. African countries are also facing the challenge of making growth more inclusive so as to ensure that it benefits all African people,” stated Mr. Zhu.

“In partnership with African governments, partners and all stakeholders, the IMF will ensure that the ATI’s program aligns with the challenges faced by the region, by providing practical training in support of sound macroeconomic policies,” he added.

Some key components of the training program already go in this direction, with training on issues of importance for many sub-Saharan African countries, such as inclusive growth policies; financial inclusion; macroeconomic management and natural resource management; and economic and monetary integration.

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It is by far the smallest province in South Africa, but with the city of gold, Johannesburg, at its epicentre, Gauteng is one of Africa’s key economic hubs.

Jo’burg as the local call ‘’the city of gold’’ compares favourably with other Africa cities such as Lagos, Nairobi and Cairo in terms of hotel developments. Although the focus is always on Joburg and Pretoria as the two metros in the Gauteng, there are other parts of this province wherein substantial hotel investment opportunities lie.

Adding to Gauteng’s power is the capital city of Tshwane-Pretoria. Also known as the Jacaranda City for its wondrous spring bloom of abundant Jacaranda trees in the city, Pretoria is home to the Union Buildings – the seat of national government. Other attractions the pristine city has to offer is the Voortrekker Monument, Freedom Park, and the famous rugby stadium Loftus Versveld opened in 1923.

As the administrative seat of Government and hosting a number of Embassies, City of Tshwane has proven to be a leader on the African continent in providing affordable industrial sites, various industries, office space, education and research facilities. An estimated 90% of all research and development in South Africa is conducted in the City by institutions such as Armscor, the Medical Research Council, the Council for Scientific and Industrial Research, the Human Sciences Research Council and educational institutions such as the University of South Africa and Tshwane University of Technology. The City’s principle economic sectors include: services: 70%, commerce: 13%, industry 21% and other: 2 %.

Click here for more on Tshwane from the Tshwane Tourism Authority

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The Gauteng city of Ekurhuleni will in the future be an even bigger investment and tourist attraction as the city plans the construction of a multi-billion rand Aerotropolis. The plan is to connect the O.R Tambo International Airport with the vast and successful surrounding industrial area that will potentially bring rapid growth and development to the city. An aerotropolis is a trademark of highly developed countries and there are many critics who feel that South Africa and even the continent is not ready and capable of such infrastructural mastery.

With a development such as this in the city, a plethora of investment and economic opportunities will follow that will further put South Africa amongst the highest African contributors to the continent’s GDP. Read more on this exciting story from Aurecon, the leading consortium contracted to develop the Ekurhuleni OR Tambo Aerotropolis by clicking here

Another influential region of Gauteng is the Sedibeng-Vaal area south of Johannesburg. The Vaal River is South Africa’s third largest river and stretches just over 1000 km’s bringing with it a wealth of economic opportunities. The Sedibeng municipality have seized on this opportunity and have developed a strategy that will implement and manage economic development projects in the area.

To find out more on this and various other key economic developments from the Sedibeng-Vaal municipality click here.

Johannesburg, the host city for HICA 2014 is widely regarded as an economic hub for the sub-Saharan region and boasts a vibrant travel and tourism sector. The city of gold  is a melting pot of market intelligence and economic might that resonates throughout the continent. Johannesburg is soon becoming Sub-Saharan Africa’s prime business tourist destination and is an ideal location for discussions on market intelligence, growth of success and investment.

For more information and great sites to visit in the province of Gold visit .

The 23rd Air Finance for Africa Conference & Exhibition will be held on 9 – 11 June 2014 in Addis Ababa, Ethiopia. The conference is hosted by African Aviation Services Limited and themes include ‘’The Next 50 Years’’ and ‘’Supporting African Aviation.’’
Aviation and Air Access goes hand-in-hand with investment and success on the ground. HICA supports such conferences that highlight the importance of air connectivity and the need for ease of access across the African continent. Find out more on the Air Finance for Africa Conference & Exhibition by clicking here.

At HICA, we find it important to share and disseminate relevant stats and facts with you and update you on the latest trends before taking the leap and seizing the opportunities. Today we have included figures from the global airline industry, as well as a forecast into the next three years for airlines.

At HICA, we find it important to share and disseminate relevant stats and facts with you and update you on the latest trends before taking the leap and seizing the opportunities. Today we have included figures from the global airline industry, as well as a forecast into the next three years for airlines.

The International Air Transport Association’s (IATA) Global Airline’s Financial Monitor for March and April 2014 was recently released. It is great to note that Africa performed well in the global comparative year on year financial monitor. Click here to download the full report.

Also, download IATA’s Airline Industry Forecast from 2013 – 2017, click here for a sneak prediction into the upcoming years.

Article & Image Source: African Aviation | IATA

The Kenyan Government’s struggle against the Al-Shabab terrorist organisation has been an explosive transnational contest. Responding to Al-Shabab’s activities, the Kenyan military sent troops to the African Union (AU) stabilising mission in Somalia, which in turn prompted two years of guerrilla attacks on Kenyan soil, finally culminating in the worst terror attack in East Africa since the 1998 Al Qaeda embassy bombings. The government’s response as of today: occupying Kenyan troops are not going anywhere and a flawed counter-terror regime at home is to be maintained. This CAI discussion paper explores possible policy routes for the Kenyan Government to take when considering the dangers of terrorism as well as the consequences of counter-terrorism in Kenyan society.

The transnational battleground

Armies on the move, rapid political transition, and mass insurgencies have set a tone of insecurity for the eastern sector of the African continent. Within this context, many of the region’s nations have struggled to build their economies as well as their security. Some have been less successful than others. Sudan’s brutal wars have spanned nearly the entire length of the nation’s existence; Ethiopia’s armies have been tangled with those of the Eritrean breakaway state as well as rebellious provinces; and Somalia has existed as a state-vacuum for more than 20 years, spawning the region’s most powerful sub-state actors, Al-Shabab, or the ‘Taliban of Africa’.

To read full article click here.

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PROTEA Hotels Zambia is set to start the construction of the K60 million project in Ndola following the completion of the Lusaka one,

Union Gold Protea (UGP) chairperson Mark O’Donnell said the construction of the hotel near the Levy Mwanawasa Stadium was expected to commence soon considering that the contractor had completed construction of the Lusaka Tower.

The project in Ndola was scheduled to commence in March this year, but could not do so because the contractor was still working on the Lusaka Tower project which Mr O’Donnell said had a lot of work.

“Now that the Lusaka Tower which had a lot of work has been completed, we expect to commence the construction of the Ndola project which will be of international standards within a few months,” Mr

O’Donnell said.

Mr O’Donnell said the project in Ndola would create about 200 job opportunities on construction while extra 100 jobs would be created upon completion.

He said Protea Zambia wanted to bring a world standard product in Ndola adding that the project would add value to Ndola town.

Mr O’Donnell was hopeful that the hotel would contribute greatly to the development of Ndola, like it has done to other areas where it has facilities.

He noted that the economy in Ndola was steadily growing, hence the construction of the hotel would have a multiplier effects in that it would generate business opportunities for people in the area.

The hotel would have 80 bedrooms comprising 60 double-bed deluxe rooms and 20 twin-bed deluxe rooms.

All rooms would have extra-length beds, satellite television, air conditioning, telephone facilities, electronic safes and free Wi-Fi access.

Article Source: Times of Zambia
Image Source: Protea Hotels