Save the date for the
Wharton Africa Business Forum
November 9 – 10
Jon M. Huntsman Hall, The Wharton School
Register here today!
Featured panels include:
Energy: Managing the scramble for Africa’s natural resources ● Technology: Competing globally in services by adapting proven technologies ● Entrepreneurship: Success stories in African entrepreneurship ● Venture Capital and Private Equity: Promoting the development of small
The Wharton Africa Business Plan Competition
The 2007 Wharton Africa Business Plan Competition (WABPC) will take place on Saturday November 10, 2007. The competition will be a key component of the 2007 Wharton Africa Business Forum and is organized to promote entrepreneurship in Africa. The WABPC will be conducted in 3 rounds. Finalists are eligible to win up to $3,000 in prizes.
Saturday, October 27, 2007
Due date for Submission of an Executive Summary of the Business Plan along with a completed application form.
Saturday, November 3,2007
Candidates elected for round 2 will be announced.
Saturday, November 10, 2007
6 applicants selected from the Phase 1 pool pitch plans to Phase 3 jury and before conference participants.
A full explanation of the competition is provided in the WABF web page:
Thursday, September 27, 2007
From African Executive
Wednesday, September 26, 2007
Monday, September 24, 2007
On it's website it promises:
Africa is just seeing steady penetration rates of the Mobile phone. One can only imagine when this free wireless network would work in developing markets like Africa.
BBC also has an article on TerraNet
Swedish company TerraNet has developed the idea using peer-to-peer technology that enables users to speak on its handsets without the need for a mobile phone base station.
Africa airlines are slowly starting to take flight. One such airline, Afriqiyah Airways wants to be a serious player on the African continent. Afriqiyah headquartered in Tripoli, has grand ambitions from upper management. Afriqiyah has six A320's that serves 19 international destinations and is looking to expand to Asia and Europe. The hub for Afriqiyah is in Tripoli, and is badly needed for a makeover and expansion if it wants to attract passengers.
Reuters Africa has an article on a West African group that is close to launching their own airline
JOHANNESBURG (Reuters) - A West African group plans to launch an airline to help fill in route gaps left by problems at regional state-owned airlines, before expanding to the rest of the continent, an official said on Wednesday.
The Togolese-based SPCAR -- Regional Airline Promotion Company -- hopes to unveil the new airline at the end of October, with operations targeted to begin in the first quarter of 2008, its chairman Gervais Djondo told reporters in Johannesburg.READ MORE
Friday, September 21, 2007
The Summit will focus on relevant areas of business for Africa, including:
Small Business Opportunities…
Thursday, September 20, 2007
Technology is going to allow more Africa 24's and others to broadcast their own content and not rely on the BBC's, or the CNN's of the world. Al Jazera launched their English channel and now it's just as popular as the Arabic channel. Soon, you'll see more choices for entertainment and news coming from every country in Africa.
You can read more about him and his efforts here:
Africa's tourism and oil are attracting world-renown hotel chains to Africa. Starwoood hotels just completed a Sheraton in Addis Ababa, and is looking at other locations on the continent. Hilton hotels is building a 200 room hotel in Accra, Ghana. Marriott International is looking at building several properties over a 10 year period in Africa and other international hotel chains are starting to build hotels in Africa.
In North and East Africa, tourism is predominantly the reason for hotel development. Morocco and Tunisia are experiencing major development whilst Mombasa in Kenya is rising as and exotic location. Because of the lack of hotel rooms and the demand of occupancy; is forcing many international investors and hotels to look at growth potential of the African hospitality industry.
Wednesday, September 19, 2007
Peruvian economist Hernando De Soto researches third world's lack of legal titles and systematic property law that condemns some 1.3 billion poorest to live on under a dollar a day. In his book, The Mystery of Capital he advocates that capitalism triumphs in the West because of property rights. In theory, there are millions of squatters illegally occupying untitled land, that cannot ever use their houses for collateral. Most of the land in the third world is owned by governments, which in theory are elected by the people; so if we want to help spur home ownership in the third world we need to look to standardize ways to register squatters for property ownership.
It is a fact, property title spurs entrepreneurship, the west grew in the 1800's by industrialization and by property ownership. If we could figure a way to register millions of squatters in Africa and around the world; they could then use their property to obtain business loans to build a sustainable business to feed themselves and their families. Hernando De Soto to his credit has used his Peruvian registry to register over a million buildings and over 300 businesses from 1991 to 1994. Throughout the world other extralegal organizations have mimicked De Soto and formed their own property registries.
Hernando De Soto has done a great service by demonstrating that the poor people do have property and can accumulate capital. But the poor cannot realize their potential because of the conflict between their real but extralegal claims and the unreal but legal property systems.
I suggest reading Hernando De Soto's book, The Mystery of Capital. This book demonstrates that property rights must never be taken for granted.
Monday, September 17, 2007
Bio fuels are gaining traction as an alternative to hydrocarbons. And, in certain parts of the world, governments and some corporations consider jatropha and palm oil, common in hot climates, one of the most promising sources of bio diesel. Any country that uses palm oil could benefit by this surge in bio fuels. However, because palm oil is essential for cooking, more emphasis should be placed on non-edible plants such as jathropa, and other bio-based plants.
Bio fuels also give farmers another source of sustainable income. In the US farmers in the Midwest are benefiting from ethanol based products, farmers in Africa should also benefit. Because of the popularity in jatropa and palm oil, farmers will need some guidance in getting a fair share of their produce.
Sunday, September 16, 2007
Tata Steel based in India and the world's sixth-largest steel maker, is reportedly mulling the construction of a five million tonnes a year steel plant in South Africa but appears to have its heart set on first securing coal and iron ore mines.
One of the fastest growing steel companies in the world, the Indian conglomerate's ambition is to become a 100 million tonne a year steel producer.
Wednesday, September 12, 2007
Blogging Trade & Investment Forums
Business in Africa
Entrepreneurship in Africa
UgoTrade published this particular article about VIRTUAL AFRICA and its development on the Second Life platform and it has had wonderful investment spin-offs for our NGO, Uthango Social Investments, working in Africa."
Tuesday, September 11, 2007
Nigeria will soon have a global powerhouse that will mimic Russia's Gazprom, and Brazil 's Petrobas.
Nigeria has announced plans to transform its near-bankrupt state-owned oil company into a global player. The aim is to break a legacy of corruption and mismanagement and thrust the business into the ranks of increasingly influential national energy companies.
Analysts say the Nigerian National Petroleum Corporation (NNPC), a majority partner in the country’s joint ventures with established multinationals, has long served as a reservoir of cash feeding Nigeria’s venal political system.
Sunday, September 9, 2007
Look at this video on cnn.com
Friday, September 7, 2007
South African media company Sabido Ltd, the holding company of locally-based television station e.tv, has acquired 49 percent of Gaborone Broadcasting Company (GBC), e.tv said in a statement on Friday.
Blue buys into Namibia
BLUE FINANCIAL SERVICES will buy BONUS FINANCE NAMIBIA and three related trusts for R21.5m.
ArcelorMittal fined nearly R700m
ArcelorMittal SA is "disappointed" at the R691.8-million it was fined for price fixing by the Competition Tribunal on Thursday.