The Gambia: Latest News
Dana Sanchez, 3:06 pm
Top African officials suffer from summit fatigue, but the recent U.S.-Africa Leaders Summit wasn’t like others dominated by politicians and bureaucrats. You do not always have to know the president of a country these days to get things done. There’s an array of other potential African partners, most of them in the private sector, and most of them, businessmen and women. Thousand flew in from Africa for the summit. For the U.S. business community this was an eye opener, according to an editorial by William Wallace in FinancialTimes.
Makula Dunbar, 6:17 pm
The Young African Leaders Initiative (YALI) Summit kicked off this week in Washington D.C. The U.S. government program highlights African youth who are making waves in Africa — and holds events, which will ultimately enrich opportunities for the continent’s rising leaders. Voice of America reported that 65 private sector companies spoke one-on-one with youth at the summit about potential business opportunities
Makula Dunbar, 12:35 pm
The 2014 Global Human Development Report, published by the United Nations Development Programme (UNDP), has recognised the progress made by The Gambia in human capital development. The report, on the theme ‘Sustaining progress: Reducing Vulnerability and Building Resilience’ was launched Thursday at a local hotel in Kololi.
Makula Dunbar, 2:28 pm
Capital raised through IPO activity on African stock exchanges in 2014 has now surpassed the total raised during the whole of 2013. IPO activity in the first half of 2014 has resulted in capital raising totaling $808.5 million. The total amount raised through the whole of 2013 was $757.5 million, according to figures from consultant EY.
D.A. Barber, 2:00 am AFKI Original
The upcoming U.S-Africa Leaders Summit will focus on trade and investment opportunities that could mean new markets for U.S. companies. But even U.S. CEOs already doing business in Africa aren’t necessarily fully committed, a stakeholder told AFKInsider. “(The Administration) thinking is that if you’re going to get more U.S. companies involved, you have to get the CEO turned on to Africa. And that’s an uphill climb in a lot of places … even some of our companies tell us the same thing — that their CEOs aren’t necessarily committed.”
Dana Sanchez, 5:25 pm
U.S. Commerce Secretary Penny Pritzker confirmed Tuesday that deals worth almost $1 billion would be announced at the U.S.-Africa Business Forum in Washington, D.C. early in August as part of the U.S.-Africa Leaders Summit. “There will be announced at the summit at least $900 million in deals. It will be a combination of all different types of structures. But this is new money— and there will be more to come,” Pritzker said, according to the WallStreetJournal.
Makula Dunbar, 2:15 pm
Global AIDS-related deaths and new HIV infections have fallen by over a third in a decade, raising hopes of beating the killer disease by 2030, the United Nations said Wednesday.
With more than half of the 35 million people living with HIV unaware they are infected, the battle is far from over however, said Michel Sidibe, head of UNAIDS.
Dana Sanchez, 2:22 pm
Each country in Africa provides a dynamic and unique market for U.S. corporations looking to expand, NationalLawReview reports. U.S. President Barack Obama will welcome more than 45 African heads of government and state and to Washington D.C. Aug. 4-6 for the first-ever U.S.-Africa Leaders Summit. Investment, trade, democratic development and security — here’s a quick look at what’s on the summit agenda.
Andrew Friedman, 3:37 am AFKI Original
Simply by using the US-Africa Leaders Summit to meet with leaders from across the continent, the Obama administration has gone further than its predecessors in engagement. There is, however, much further to go. The Obama administration should include civil society representatives throughout the leader discussions.
Makula Dunbar, 3:53 pm
Music distribution via ringtones and ringback tones is an unstoppable trend in Africa despite other emerging avenues such as online streaming, says an expert. “Mobile is 99% of the way music is going to be consumed and distributed in Africa,” Yoel Kenan, the chief executive officer of B2B music distribution and licensing service Africori, has told ITWeb Africa.
- Real Estate