Daily Archives: October 11, 2016

Roberta Annan Inducted Into the African Leadership Hall of Fame

NEW YORK, Oct. 10, 2016 /PRNewswire/ — Roberta Annan, Founder of African Fashion Fund, The Frallain Group and Founding Partner of LJ Africa Advisors was the youngest African to be inducted into the African Leadership Hall of Fame at the International Forum on African Leadership — an event sponsored by African Leadership Magazine. The event took place at the St. Regis Hotel in New York, NY on September 22 alongside the 71st Session of the UN General Assembly.

Photo – http://photos.prnewswire.com/prnh/20161010/426903

As a proponent and champion of impact investing, Ms. Annan is one of many African young change makers doing the continent proud on the global stage. African Leadership Magazine recognizes the contribution of exceptional Africans to the growth and development of the continent, as well as their ingenuity, entrepreneurial spirit and resilience that have contributed immensely to its growth and development.

“This is truly a great honor and I am so humbled by such a recognition. I hope my work will continue to inspire Young Leaders in Africa to focus on creating meaningful impact for the betterment of our Continent,” said Ms. Annan.

Past outstanding honourees of the African Leadership Magazine, who are also members of the Hall of Fame include, H.E Hifikepunye Pohamba, former President of Namibia, H.E. Jakaya Kikwete, former President of Tanzania; H.E Dr. Ernest Bai Koroma, President of Sierra Leone; H.E. President Ellen Johnson Sirleaf, President of the Republic of Liberia; H. E John Kufour former President of Ghana, H.E Dr. Goodluck Jonathan, former President of Nigeria, HRM Sanusi Lamido Sanusi, former Nigeria Central Bank Governor and Emir of Kano, Dr. Mo Ibrahim, Founder Mo Ibrahim Prize for Leadership; Dr. Donald Kebaruka, former President of the African Development Bank Group; Hon. Xavier Luc-Duval, Vice Prime Minister, Republic of Mauritius; Mo Dewji, CEO METL Group, Tanzania, Alonzo Fulgam, Fmr. International Coordinator, USAID; Chief Oba Otudeko of the Honeywell Group, H.E. President Hage Geingob of Namibia, US Congressman John Lewis, US Congressman Gregory Meeks

About African Fashion fund:
African Fashion Fund (AFF) is a not-for-profit organization that supports and develops emerging African fashion designers. AFF aims to further African fashion designers’ success in the global fashion industry and luxury market by providing capacity building through internship placements, assistance with sales and distribution, and networking opportunities to increase their skills and knowledge.

Twitter: FashionFundAFR
Instagram: AfricanFashionFund

CONTACT: Zoe Tobin, Rubinstein PR, 212-805-3038


The Baking Festival, Ghana’s First Baking Conference Opens 22nd October Palace Super Stores, Accra

ACCRA, Ghana, Oct. 10, 2016 /PRNewswire/ — Ghanaians are gradually stepping out of their shell and beginning to embrace the concept of living and not just existing. We are enjoying the different varieties that spice up life and baking has not been left out. It has become one of our biggest growing trends and to celebrate this, MI Prime Entertainment has put together Ghana’s first baking exhibition, The Baking Festival. The Baking Festival comprises an exhibition and a Conference taking place at Palace Shopping Centre and Oak Plaza Hotel respectively and simultaneously, on the 22nd of October, 2016. The show offers something for everyone with an array of features that will appeal to home bakers and professionals alike, as well as vendors and all other stakeholders of the baking industry.

Photo – http://photos.prnewswire.com/prnh/20161010/426905

The industry like others faces several operational challenges that prevents the sector from meeting its intended objective. Most bakers are operators of small and medium enterprises, and therefore lack the skills and adequate marketing strategies to plunge into the large scale in order expand their business. Bakers are also prone to huge losses due to bakery products which are susceptible to microbial spoilage.

Against these setbacks and many more, MiPrime Entertainment and its partners are creating a common ground to address issues confronting the baking industry. The baking festival will bring together professional bakers, amateurs, suppliers, industry stakeholders and keynote speakers. Its main aim is to create a link where these individuals groups can connect to share knowledge, information and also for business purposes.

With a call on the promotion of ‘Made in Ghana brand’, the event will also provide a platform for bakers to use and advertise locally made items.

The Exhibition
The exhibition denotes a display of the rich cuisine of various establishment from 8am to 8pm. There would be a setup of booths to give room to every individual institution to exhibit its unique dishes which would be on display to our traffic of about five hundred (500) to a thousand (1000) people. It further comprises a fun list of competitions.

The Competitions
There have been aligned a series of competitions to spice up the event and promote the participants by highlighting their strengths. Below is a breakdown of the competitions and a brief description.

be with you
A bite of Art Battle of the
The broader
Kiddie Chef
compete to
bake the
biggest pizza
bake a replica
of an artistic
Bake off
Chefs bake a
main dish
Kids between
the age of 5-9
bake a pastry

The Conference

The conference has been put together to sharpen the skills of all stakeholders from bakers to vendors, ensuring they are at par with the world standards. The conference session will start from 8:00am to 2:00pm, so participants can still join in the exhibition and competitions. An array of experts in various fields of the industry would speak during the conference on topics including;

  • Marketing and Branding
  • Trade benefits; import and export
  • State of the baking industry
  • Transition of baking.
  • Trends in the baking industry

The Baking festival is Ghana’s first Baking Trade Show and Conference and it is intended to be an annual event to help improve the baking sector.

The Festival is also targeted at all ages with expert run workshops and demonstrations for those looking to improve their baking skills and stands selling the latest baking equipment among others.

Participants are to pick up, free registration forms at the World Trade Centre reception and all Palace Super Stores Spintex, West Hills Mall, Achimota Mall & Junction Mall.

Media partners for the event include: B&FT, Citifm, Viasat 1, Infoboxx Media Group. Other supporting companies are Social Cookbox, Wunmi Events and Switch Ghana.

The event is sponsored by Oak Plaza Hotel, Sweet Home Kitchen & Palace Shopping Centre.

For more information please contact MiPrime Entertainment on:

Employment up by 1.5 million

The number of people employed between 2009 and 2015 increased from 14.2 million to 15.7 million, Statistics South Africa (Stats SA) said on Tuesday.

Releasing the Labour Market Dynamics Report for 2009 to 2015 at a media briefing in Pretoria, Statistician General Pali Lehohla said the rise in employment levels is due to increases in eight of the ten industries.

The biggest increase was seen in community and social services (737 000), finances (336 000) and construction (216 000). Between 2009 and 2015 employment levels in the formal sector increased by 968 000 to 10.9 million, while the informal sector increased from 2.2 million in 2009 to 2.6 million in 2015.

While the number of employed people has risen, the absorption rate of people into the labour market has not recovered to the pre-recession levels. According to the report, the absorption rate was 43.7% in 2015, which was still 2.2% below the pre-recession high.

The report, which provides information on labour market trends from 2009 to 2015, highlighted the performance of the country’s labour market, including measures like unemployment, labour absorption and labour force participation rate.

The report noted that the official unemployment rate of 25.3% in 2015 is 1.6% higher than in 2009.

The report noted that men, adults and those with experience were more likely to find work, while female youth with no experience were the least likely to find employment. Men remain generally better off in the labour market than women, said Lehohla.

When coming to the average weekly hours worked, men worked 45 hours per week, while women worked 41 hours per week.

The transport industry had the longest average work week at 50 hours per week.

The working age population (15 to 64 years) according to the report accounted for 66.2% of the total population in 2015, which is larger than the non-working share.

The proportion of employees who were entitled to paid sick leave increased by 0.6% to 68.3%.

Meanwhile, the median job tenure — which is the length of time an employed person has been with their current employer — remained constant at 47 months for three consecutive years (2009 to 2011). However, it declined to 44 months in 2015.

When coming to earnings, the report noted that earnings inequality between the various population groups were evident over the period 2010 to 2015. Between 2010 and 2015, employees in mining and utilities continued to be the top earners with the largest increases in earnings also recorded for these two industries (R2500 and R1500 respectively).

Source: South African Government News Agency

Government reaches transformative agreement with major participants in the South African construction industry

Major participants in the South African industry reach transformative agreement with Government

SAFCEC and the Government of South Africa announced today that seven listed construction companies reached agreement with Government on a program of initiatives that will accelerate transformation in the industry. A seventh company will advise shortly whether it will join the agreement.

The agreement was reached with companies with a combined annual construction revenue of approximately R45 billion, comprising of WBHO, Aveng, Murray & Roberts, Group Five, Basil Read, Raubex and Stefanutti Stocks.

Six of the seven companies have signed the agreement today and the seventh company will advise within the next week.

The agreement has three elements:

1. Financial contribution for development projects

The seven companies will collectively contribute R1,5 billion over 12 years to a fund, which will be established for socio-economic development. The objective of the fund will be the development, enhancement and transformation of the industry, as well as the promotion of social infrastructure for all South Africans. The fund will be co-managed by industry representatives and Government, with the administration of the Fund carried out by an entity designated by the National Treasury. For the avoidance of doubt, this voluntary contribution is in addition to the R1, 4 billion penalty imposed by the competition authorities on companies in the sector in 2013.

Initiatives to be supported by the fund will include financial support for young trainee artisans and engineers from disadvantaged backgrounds, support for the teaching of maths and science education at public schools, funding for social infrastructure and the development and promotion of construction companies owned and managed by black people. It also includes funding the appointment of professionals to provide the Government with engineering, project management and other services to strengthen its capacity to deliver the public infrastructure so desperately needed through, amongst others, the secondment to state departments, municipalities and entities, of skilled personnel from organisations operating in South Africa.

This financial contribution is in addition to existing annual socio-economic development investment spend by these companies.

2. Transformational commitments in the sector

In addition to existing enterprise development programmes, each of the companies will undertake further transformation initiatives, with two models. Firstly, that the companies become fully transformed (with at least 40% of equity in the hands of black South Africans � the equity model); or secondly, that they commit to initiatives that will result in each of the construction companies mentoring up to three emerging black-owned enterprises so that they develop the necessary skills, systems, status and quantity of work to be able to sustain a cumulative combined annual revenue equal to at least 25% of each of the mentor companies’ annual revenue by 2023 (the partner model). The referenced revenue is from civil and building works delivered in South Africa and should all companies elect to utilise the partner model, it would result in partner black-owned companies with a combined turnover in excess of R9 billion an annum within seven years

3. Integrity Commitment by CEOs

This involves the seven companies, as leading companies in the industry and Government, committing to business practices that are based on integrity, transparency and fair competition. As part of the agreement, each company has signed a declaration to promote ethical and legal operations, free of collusion or corruption and to confirm that they will expose, confront and eradicate any sign of wrong-doing in the industry.

The agreement provides a framework for settlement of claims by the industry regulator, the CIDB as well as civil claims by public entities against companies arising from the investigations by the competition commission for a period up to 2010, which were brought before the Competition Tribunal in 2013.

Welcoming the agreement today, the chairperson of the Management Committee of the Presidential Infrastructure Coordinating Commission (PICC) Minister Gugile Nkwinti hailed it as a new beginning in the relationship.

The success of government’s infrastructure programme requires strong internal capacity in the sector and competitive prices. Through the transformation commitments in the Agreement, we can rebuild the relationship with the companies concerned and work in partnership in future, Minister Nkwinti said.

SAFCEC CEO, Webster Mfebe said As an industry we are committed to strengthen our partnership with Government for the benefit of all, and especially to encourage and support economic growth through the development of the economic assets of our country. This arrangement also demonstrates the commitment to a transformed, transparent and ethical industry, which has a major role to play in delivering much needed infrastructure to the economy of South Africa. We believe this partnership will reinforce the framework for a more sustainable and competitive industry and is set to advance the social and economic welfare of all South Africans.

The parties will address a number of legal, regulatory and administrative requirements that have to be met to ensure the agreement is capable of implementation. It is expected that the Fund will be launched in the next financial year and will become operational shortly thereafter.

The arrangement agreed will focus on transforming the industry through:

1. Increasing investment in the sector to promote development, education and upliftment opportunities for all, especially for those who were previously disadvantaged;

2. Creating employment and entrepreneurial opportunities, especially for young South Africans;

3. Promoting and supporting black-owned construction companies and small business development and assisting them to be competitive and sustainable;

4. Identifying opportunities for South African companies in infrastructure projects elsewhere on the African continent; and

5. Building deeper partnerships with regulators and other key stakeholders such as Government and organised labour.

In conclusion, the Government and the companies confirm their partnership in promoting the industry’s sustainability, transformation, efficiency, adaptability, development and competitiveness. The two parties to the arrangement also wish to express their commitment to create a sector that will result in improved employment for all, the delivery of competitive prices and quality goods and services and the empowerment of black participants in the industry.

Source: Government of South Africa