Tag Archives: Labor
Labor: Latest News
Staff, 1:00 am
By moving manufacturing to Ethiopia, Chinese textile companies are moving closer to their raw material base, the cotton-producing countries. This is part of their value chain repositioning, a strategy most Chinese companies are adopting. They’re are also using Africa as a gateway to emerging markets on and off the continent. Products made in Ethiopia can be exported duty- and quota free to the U.S. under the African Growth and Opportunity Act (AGOA). The same benefits apply to the E.U. Ethiopia also offers cheap electricity at US$0.04 cents per kilowatt hour. It’s now the second-largest electricity producer in sub-Sahara due to its hydropower dams.
Dana Sanchez, 2:43 pm AFKI Original
South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.
Dana Sanchez, 3:47 pm
Africa is increasingly attractive to global clothing brands, but poor infrastructure remains a challenge. East African suppliers need to upgrade their facilities and enter into long-term partnerships with buyers, McKinsey suggested. Buyers need to evaluate the region as a true strategic option rather than just a testing ground. U.S.-owned Tommy Hilfiger and Calvin Klein brands source 5-to-6 percent of global production from Africa. “We believe that production could grow… over the next five years to over 25%,” said the company CEO at the U.S.-Africa Business Forum.
Dana Sanchez, 12:11 pm
The U.S. plant currently produces the BMW X3 SUV exclusively, but is expected to outgrow capacity in 2016 as global demand surges for SUVs. BMW will begin producing the X3 in South Africa in 2016 while the 3 series, currently made in SA, is phased out. “We currently don’t supply the 3 series to the African continent, but going forward we will start supplying X3 in South Africa and Africa as well,” a BMW Africa head said. The average price for a BMW 2015 X3 in the U.S. is $44,071.
Dana Sanchez, 1:13 pm
Britain’s Conservative government is under pressure to show it is acting to solve “the Calais crisis” with hundreds of migrants trying every night to jump fences around the entrance to the Channel Tunnel in France. The increasing political rhetoric plays on people’s fears that they might have to share. “There is no way back from a multicultural Europe,” said Hungarian Prime Minister Viktor Orban.
Anna B. Wroblewska, 3:41 am AFKI Original
The issues facing extractives are immense and complicated, and in South Africa they touch on many historical sore points. Issues of expropriation of the people who should, one would think, be called owners, the mistreatment of those who are workers, and the opaque network of beneficiaries to rights and land deals all call up the problems of the past.
Makula Dunbar, 2:10 pm
Ghana’s biggest labor group holds a strike today to demand President John Dramani Mahama do more to stem a slide in the cedi that’s fueling inflation and curbing economic growth. More than 5,000 members of the Trades Union Congress are expected to march in Ghana’s largest cities, including the capital, Accra, TUC Secretary-General Kofi Asamoah said yesterday.
Jeffrey Cavanaugh, 3:25 am AFKI Original
If labor continues to press its advantage through widespread industrial actions the South African economy will continue to do extremely poorly and could even slip much further. This will mean continued downward pressure on the rand, the possibility of further ratings cuts, and a limit to how much foreign firms will want to see invested into what is now Africa’s number two economy.
Dana Sanchez, 4:29 pm
More and more industries are relocating to Africa, where the average salary is
$50 U.S., according to an AsiaNewsIT report. In Guangdong (Shenzhen), the minimum wage is about $300 U.S.
Jeffrey Cavanaugh, 7:15 am AFKI Original
Platinum, a pricey, extremely rare precious metal used in electronics, clean energy devices, and other high-tech end products is found mostly in South Africa. The country accounts for 75 percent of annual world output. Platinum prices have spiked.
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