EU-African trade gets new opportunities

The Ukraine war will also lead to a reorganisation of supply chains in the mechanical and plant engineering sector, strengthening closer economic ties between Europe and Africa. VDMA, Europes’s most important Mechanical Engineering Industry Association has established training centres in Botswana, Nigeria and Kenya, where prospective skilled workers are trained on modern machinery and equipment as part of the initiative “Skilled Workers For Africa”. “After the Ukraine war, many companies from the mechanical and plant engineering sector will try to […]

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Focus will be on local businesses, products and services at upcoming Automechanika Johannesburg

Wide-ranging participation by large numbers of overseas exhibitors from a host of countries has been a feature of Automechanika Johannesburg since the first of these trade shows for the automotive aftermarket was staged at Expo Centre, Nasrec, in 2009. This all changes in favour of local exhibitors at Automechanika Johannesburg 2022, which takes place at the same venue from June 7-10. “Although the only international exhibitors currently signed up to come to Automechanika Johannesburg this year are from Germany, the […]

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VDMA: Strengthen relations with Africa!

V Commenting on the sixth Summit between the EU and the African Union on 17 and 18 February 2022, Ulrich Ackermann, Head of the Foreign Trade Department at VDMA, says: “It is important that this Summit lays the foundation for a deeper and comprehensive partnership between the EU and the African Union, especially in the areas of trade, infrastructure and climate change. Africa is our neighbouring continent with more than 1.3 billion people, making it an important partner region. It […]

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Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group at the Twenty-Fifth Ordinary Session of the Assembly of the African Union Addis Ababa, 5-6 February 2022

Mobilizing Financing for Africa’s Accelerated Economic Recovery, Development and Integration Your Excellency Macky Sall, President of the Republic of Senegal and Chairperson of the African Union Your Excellency Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, Our Gracious Host Your Excellencies Heads of State and Government Your Excellency Moussa Faki Mahamat, Chairperson of the Africa Union Commission Your Excellency Amina Mohammed, Deputy Secretary General of the United Nations, Representing the Secretary General of the United Nations Your […]

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Market entry and vocational training in Africa

Qualification is the key to economic development and social participation – many African countries have a lot of catching up to do, especially in vocational education and training. The VDMA Africa Initiative is focusing on new forms of development cooperation that drive local value creation and focus on the needs of small and medium-sized enterprises. The VDMA training centres provide sustainable structures that enable long-term, needs-based training and further education of urgently needed skilled workers. In a 2019 study by […]

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Stephen Ashcroft Appointed the African Development Bank’s Director of Corporate Services and Procurement

The African Development Bank Group is pleased to announce the appointment of Mr. Stephen Ashcroft as Director, General Services and Procurement, with effect from 16 February 2022. Mr. Stephen Ashcroft, a British national, brings more than 25 years of progressively responsible managerial experience in procurement and related fields. He is joining the Bank after a career at AECOM, a Fortune 500 multinational infrastructure consultancy. His last role was as Commercial Director at NEOM, Saudi Arabia, the world’s largest construction program […]

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Huawei and UNESCO to Implement Project in Africa for Digital Education Systems

The three-year project will deliver online learning platforms for Ghana, Ethiopia, and Egypt At an online meeting on November 25, UNESCO and Huawei announced the launch of the implementations phase of the Technology-Enabled Open Schools for All (TeOSS) project in Ghana, Ethiopia, and Egypt. Aligned with UN SDG4, TeOSS will serve as a basis for powering the digital transformation of the education sector and support the three UNESCO member states in building resilient education systems that can withstand global disruptions […]

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Finance in Africa report: green, smart and inclusive finance

By Nina Fenton, Claudio Cali and Ricardo Santos The EIB, in partnership with Making Finance Work for Africa, surveyed 78 banks in sub-Saharan Africa in early 2021 to see how they are coping during the COVID-19 pandemic and to learn their views on climate risk, green finance and digital financial services. This work formed the basis of our new Finance in Africa report. The report also provides an in-depth analysis of the state of play in the microfinance, private equity […]

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