Good News From Africa

  1. Addressing Africa’s Infrastructure Challenges:

Inadequate infrastructure remains a major obstacle towards Africa achieving its full economic growth potential. With Africa seen as one of the world’s fastest growing economic hubs, meeting the demand for key infrastructure has been identified as a priority. This translates into exciting opportunities for global investors who need to look past the traditional Western view of Africa as a homogeneous block: By André Pottas, Deloitte Corporate Finance Advisory. One of sub-Saharan Africa’s top developmental challenges continues to be the shortage of physical infrastructure. Greater economic activity, enhanced efficiency and increased competitiveness are hampered by inadequate transport, communication, water and power infrastructure. The world is eager to do business with Africa, but finds it difficult to access African markets, especially in the interior, due to poor infrastructure.

  • Africa50: an innovative African solution to an African Challenge:

Its COO, Carole Waianae, talks to African Business about how Africa50 is building a team to support its mission and describes some of its priority projects I often get asked this question given that I don’t have an infrastructure background. My leadership and business experience across different organizations, sectors and geographies has taught me that, regardless of the entity’s mission, people, organization and partnerships are key success factors. I therefore consider my “toolbox”, which contains diverse experiences, capabilities and networks, not only highly transferable but complimentary and much needed in any organization today.Africa50 was particularly attractive because it came at a time when I was feeling more called to play a bigger role in contributing to the transformation of Africa. The opportunity to help build a more innovative organisation to develop and invest in infrastructure on the continent that had both a commercial and a developmental mandate was exciting. I was also inspired by the fact that Africa50 is an African solution to an African challenge. 

  • UK brings a new focus to Africa:

Visits to five African countries in five days may not allow much time to make a meaningful or lasting impression, but for UK foreign secretary Jeremy Hunt, a whistle-stop April tour to Nigeria, Senegal, Ethiopia, Ghana and Kenya was a chance to keep up appearances and secure maximum exposure to what he dubbed the UK’s “partners for investment and trade”. From the obligatory economic forum in Kenya featuring a purported £64m in business funding to deal announcements in Ghana, Hunt’s conversations revolved around the fresh trade opportunities that the UK hopes to unlock on the continent following its exit from the European Union.

  • Shaping Africa’s economic strategy for the digital age:

Africa is grasping the technological revolution with both hands. Hundreds of millions of venture capital dollars are flowing into the region which remains the fastest growing mobile phone market in the world, and an emerging competitor in the global race for tech. With innovation hubs sprouting up throughout the continent, solutions are being found to solve uniquely African problems and dissolve barriers to trade, financial services and capital. But governments need to do more to seize on the opportunities of the global digital economy, which is set to grow from $11.5 trillion in 2016 to over $23 trillion by 2025.In response, the UN Economic Commission for Africa (ECA) set the focus of its 2019 conference of African ministers of finance, planning and economic development squarely on the subject.

  • Recruiters set sights on continents scare executives:

As the former global head of recruitment for PZ Cussons, a venerable British soap manufacturer that became one of Nigeria’s biggest consumer goods companies, Steve Hassan was tasked with unearthing a talented local supply chain director in a country responsible for over $200m of the company’s annual revenues. With multinationals and Nigerian firms involved in a “bun fight” over a limited pool of gifted local executives, the ideal candidate proved elusive. “The one thing we faced over all of our African businesses – and PZ Cussons was mainly in Nigeria, Ghana and Kenya – was the fight for local talent,” says Hassan. “A lot of people expect that in a place like Nigeria with over 180m people it’s not too difficult to find people, but it’s actually the opposite, especially finding a good cultural fit with the right technical skills.” Short on options, Hassan turned to an executive search company specializing in headhunting on the continent.  

BDH Recruitment Services, is an Executive Search Firm; We specialise in recruiting for Asia, Africa and Middle East markets, we would be keen to work on your requirement, kindly advise, as how to take it further
Kind regards | sanjay

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