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The Delamere International Newsletter ©

Edition of 1 August 2019 # 318

This Newsletter is published as a Free Service to all clients of Delamere-Pennine Associates, International Business & Marketing Consultants.

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IN THIS ISSUE

  1. Business: African Continental Free Trade Area (AfCFTA)
  2. Business: Corruption in Africa Becoming Even Worse
  3. Business: Future of Africa?
  4. Business: More Corruption in Kenya
  5. Business: Problems Increasing for Zimbabwe
  6. Business: Prospects of Future Investment in Africa
  7. Education: Bursary for South African Students
  8. Education & Business: Need for Diversity in Graduates with Computer Skills
  9. Education & Environment: The Beauty of Trees
  10. Immigration: From Africa to the USA?
  11. Travel: Cape Town International, Africa’s Leading Airport
  12. Travel: QE2 Now a Floating Hotel

 

 

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1. Business: African Continental Free Trade Area (AfCFTA)
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African leaders met on Sunday to launch a continental free-trade zone that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development. After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday's African Union summit in Niger where attendees will unveil which nation will host the trade zone's headquarters, when trading will start and discuss how exactly it will work. It is hoped that the African Continental Free Trade Area (AfCFTA) - the largest since the creation of the World Trade Organization in 1994 - will help unlock Africa's long-stymied economic potential by boosting intra-regional trade, strengthening supply chains and spreading expertise. To read the full report, go to our NEWS DESK link.


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2. Business: Corruption in Africa Becoming Even Worse
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The tenth edition of the Global Corruption Barometer (GCB) – Africa, reveals that 64% of South Africans surveyed think corruption increased in the previous 12 months.The survey, released on African Anti-Corruption Day by Transparency International in partnership with Afrobarometer, was conducted between the end of July and September 2018. Of the 47 000 citizens surveyed in 35 African countries, more than half believe corruption is getting worse in their country, while 59% think their government is doing badly at tackling corruption. In South Africa, a staggering 70% believe that the government is not doing enough to tackle corruption. To read the full report, go to our NEWS DESK link.


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3. Business: Future of Africa?
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How should Africa react to Britain's new, Boris Johnson-led, Brexit-focused, government? With a shrug, a smile, or perhaps a scowl? What does it matter to this vast continent if power changes hands, within the same party, in distant Britain? Today, the red carpet is rolled out with enthusiasm for visiting Chinese government delegations bearing cheques, solar power investors from the United Arab Emirates and India, US actors and music stars, Russian nuclear officials and Brazilian entrepreneurs. To read the full report, go to our NEWS DESK link. (BBC)

 

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4. Business: More Corruption in Kenya
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High-profile arrests are expected in the construction of the controversial Sh4.2 billion Lake Basin Development Authority Mall that detectives have concluded was riddled with graft. The LBDA Mall was supposed to be Kisumu’s fanciest, featuring a mega supermarket, a three-star hotel, showrooms and a doctor’s plaza. It is still struggling to sign anchor tenants two years after it was completed. To read the full report, go to our NEWS DESK link.

Editor’s Note:  Visit our web page on Kenya.

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5. Business: Problems Increasing for Zimbabwe
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MDC leader Nelson Chamisa on Monday warned President Emmerson Mnangagwa that “dark clouds are gathering”, this after the latest round of fuel price increases and a worsening power crisis which led the country’s biggest mobile phone company to give notice that it would take “drastic measures” if power outages continued. With inflation soaring, economic analysts say increases in fuel prices are adding to price pressures, especially as rolling electricity cuts are forcing businesses to use expensive diesel generators to power their operations. Zimbabweans are also grappling with shortages of medicines and bread, while trade unions are demanding pay increases. To read the full report, go to our NEWS DESK link.

Editor’s Note: Visit our webpage on Zimbabwe.

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6. Business: Prospects of Future Investment in Africa
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Africa has long been regarded as the “next frontier”, representing a largely untapped opportunity for growth in both manufacturing and sales. As a continent with relatively low levels of industrialisation, and in the context of established markets across the Americas, Europe and Asia having exploited much of their potential appetite and capacity for growth, Africa does indeed present a strong case for attracting future investment and expansion. To read the full report, go to our NEWS DESK link.

Editor’s Note: Visit our web page on Africa.

 

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7. Education: Bursary for South African Students
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The national bursary scheme for students from families earning up to R350 000 a year will see R102.4-billion disbursed over the next three years, Higher Education, Science and Technology Minister Blade Nzimande said on Friday. Nzimande said the new bursary scheme, which was introduced last year, would by 2022, cover about half of all students at public universities. To read the full report, go to our NEWS DESK link. (Creamer Media)

Editor’s Note:  Visit our web page on bursaries.

 

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8. Education & Business: Need for Diversity in Graduates with Computer Skills
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Amid persistent global demand for professionals in science, technology, engineering and math (STEM), the U.S. is in an enviable spot: It’s the leader in producing highly skilled computer science graduates. But where the nation falls short is in diversity — the number of women, as well as black and Hispanic students, graduating from undergraduate computer science programs. That reflects the lack of diversity overall in the rapidly growing STEM workforce. The U.S. Bureau of Labor Statistics projects 13 percent growth in computer and information research scientist jobs through 2026. And that’s just in the United States. To read the full report, go to our NEWS DESK link.


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9. Education & Environment: The Beauty of Trees
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In a rain forest near Auckland, New Zealand, a leafless kauri tree stump rises a few feet off the ground. These trees can become giants: The country’s biggest, Tāne Mahuta, or the “Lord of the Forest,” has grown 168 feet high, with a 115-foot canopy. But this stump rises a few feet off the ground. These trees can become giants: The country’s biggest, Tāne Mahuta, or the “Lord of the Forest,” has grown 168 feet high, with a 115-foot canopy. But this stump is just a stump, so unassuming most would pass it by. One day, two ecologists from Auckland University of Technology spotted it on a hike. “A normal person would just think it’s dead. It looks dead to a point, but if you look a bit closer, you can see living tissue,” said Sebastian Leuzinger. “We both said to each other,It’s clearly not dead. How does it live?’” To read the full report, go to our NEWS DESK link.


Editor’s Note
: To remind our 1,000s of readers we encourage you to listen to the beautiful song by Paul Robeson called “Trees”. Also we highly recommend reading the brilliant book, by David Haskell. The Songs of Trees: Stories from Nature's Great Connectors

 

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10. Immigration: From Africa to the USA?
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As Europe has tightened immigration controls, and the numbers crossing the Mediterranean fallen away precipitously, citizens of troubled African nations have started looking west across the Atlantic. And why not? Brazil and Ecuador’s visa requirements allow citizens of many countries in Africa to travel there with relative ease. Tens of thousands have made the epic trek in recent years. Last year 2,958 African migrants were detained in Mexico alone, according to government figures, up from 785 in 2014. Many more go undetected. Tangie is one of hundreds of Africans now camped at the Mexico border in a seemingly interminable queue for an asylum hearing – an increasingly rare occurrence under the administration of United States President Donald Trump. Standing outside the San Isidro border crossing in Tijuana, Mexico, mere meters from his final destination, he remembers the days and months he spent between here and his home town 10,000 miles away. To read the full report, go to our NEWS DESK link.

 

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11. Travel: Cape Town International, Africa’s Leading Airport
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Cape Town International Airport (CTIA) was named Africa’s Leading Airport for the third consecutive year at the 26th World Travel Awards Africa & Indian Ocean Gala Ceremony held in Mauritius on Saturday. Over the past few years Cape Town International Airport has shown sustained growth in international passenger numbers with a 9.6% increase in 2018. For the first time in December 2016, the airport exceeded the 10 million passenger-per-year milestone. To read the full report, go to our NEWS DESK link. (IOL)

Editor’s Note: Don’t forget to visit our website on Travel.

 

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12. Travel: QE2 Now a Floating Hotel
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Queen Elizabeth 2, often referred to simply as QE2, is a floating hotel and retired ocean liner built for the Cunard Line which was operated by Cunard as both a transatlantic liner and a cruise ship from 1969 to 2008. Since 18 April 2018, she has been operating as a floating hotel in Dubai.  To read the full report, go to our NEWS DESK link. (CNN)

 

 

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Photo of the Month
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This month’s photo consists of a video clip of the beautiful Soysambu Reserve in Kenya. Soysambu (the place of striated rock) is one of the few remaining privately owned large scale traditional wildlife areas in the Great Rift Valley of Africa. It comprises 48,000 acres of unspoilt natural landscape that co-hosts some of the world's greatest diversities and concentrations of bird species. It’s shoreline of Lake Elmenteita is an important foraging site for the lesser flamingo, and a major nesting and breeding ground for great white pelicans. The property features sizeable mammal populations, including Rothschild's giraffe, buffalo herds and leopards. To see this incredible video of one of the most beautiful places on this planet, click here.

Plus for an extra treat, see this short YouTube clip of the spectacular Soysambu, click here. (Make sure you have the sound on)

Editor's Note: The Soysambu Conservancy is supported by donations from the "MTC International Foundation."

 

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This month's quote

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"A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them." ~ Hugh Cholmondeley, 2nd Lord Delamere of Cheshire, UK ~ Hugh Cholmondeley, 2nd Lord Delamere (1811-1887)

 

 

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Book of the Month
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Our book of the month is a best seller and is invaluable to investors in Africa. Africa’s Business Revolution: How to Succeed in the World’s Next Big Growth Market provides the inside story on business in Africa and its future growth prospects and helps executives understand and seize the opportunities for building profitable, sustainable enterprises. From senior leaders in McKinsey’s Africa offices and a leading executive on the continent, this book draws on in-depth, proprietary research by the McKinsey Global Institute as well as McKinsey’s extensive experience in advising corporate and government leaders across Africa. Africa's Business Revolution: How to Succeed in the World's Next Big Growth Market


Editor’s Note: Don’t forget that we also have an online book store, Delamere International Bookshop. We represent a number of major leading book suppliers that concentrate on non-fiction books related to business, employment, marketing, investing & finance, real estate, and conducting international trade. Click here.

 

 

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The publisher expressly disclaims any and all liability to any person, whosoever, in respect of any loss, damage, death, personal injury or other consequences, by their use of, or reliance upon in any way, the information contained in this electronic publication.




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