Connect with us

Business

Ghana’s Roberta Annan To Launch €100 Million New Investment Fund For Africa At 2018 Paris Peace Forum In Partnership With UN ITC & EU

Published

on

On November 12th 2018, the Ethical Fashion Initiative alongside African Fashion Fund and the European Commission (EC) will launch a ‘one hundred million euro fund’ (100million) the Impact Fund For Africa (IFFA) a new investment fund supporting African creatives working in the fashion and lifestyle industries.

Launching in Paris during the Paris Peace Forum, an initiative by French President Emmanuel Macron, with the attendance of over 84 Heads of States, The United Nations Secretary General and many dignitaries, the proposed fund will address the investments needed to leverage the power of creative and cultural industries to expand the social capital of Sub-Saharan African countries and thus contributing to the United Nations Sustainable Development Goals, as well promote inclusive growth in these economies.

The Impact Fund for Africa (IFFA) will be managed by Roberta Annan Capital Partners (RACP) with members from the EFI serving as non-exec board members and managing the sustainability committee, which will contribute to the mobilisation of private capital for the financing of investments in support of the African creative and lifestyle industry.

For over ten years the Ethical Fashion Initiative (EFI) has invested in refining production systems that enable production with community groups of micro-entrepreneurs in target countries. Working in the luxury and lifestyle sectors supporting international companies such as Vivienne Westwood and Stella McCartney source high-quality and ethically-produced artisanal goods from some of the developing world’s most difficult environments.
AFF Founder, Roberta Annan says: “I am thrilled about this partnership with the EFI and the EU. I believe it will give African brands the indispensable funding and resources to participate competitively in the global fashion economy.”

EFI Chief Technical Advisor, Simone Cipriani says: “We are incredibly excited to launch this investment fund for Africa knowing the direct impact this investment will have on the growth of creative industries in Sub-Saharan Africa. To launch this at the Paris Peace Forum is fitting – ethical work, provides an alternative path for hundreds of thousands of people living in poverty, while lifting the continent’s vibrant creative sector.”

Showcasing the direct impact and potential of the fund, the fund will be launched on the 12th November (15:15-16:00, Press Room) with the presence of Ms. Roberta Annan, Managing Partner of Roberta ANNAN CAPITAL PARTNERS, Founder of the African Fashion Fund (AFF) and M. Simone CIPRIANI, Founder and Chief Technical Advisor of the Ethical Fashion Initiative (ITC). This launch will include a unique fashion show featuring three leading African designers on the 13th November (13-13:30, Agora), immediately followed by an interactive press-pitch led by Ms. ANNAN and Ms. Marjeta JAGER, Deputy-Director of the Development Office for International Cooperation (EC). The African designers selected to present their work are:

• Duaba Serwa – a contemporary Ghanaian fashion brand founded in 2011, the brand has been featured on CNN, Forbes, Vogue Italia and Deutsch Welle;

• Sophie Zinga – a socially conscious womenswear brand featuring hand-woven Senegalese cloth and semi precious stones;

• Chocolate by Kwaku Bediako – A Ghanaian fashion brand which draws inspiration from the rich Ghanaian culture, lifestyle, taste and preferences.

The chocolate brand has grown rapidly in this past few years due to detailing, passion to become the best custom made menswear fashion brand in Ghana.

Allocations for the proposed fund will come from private business and institutional sectors (family offices and foundations), with a component of seed funding and guarantee instruments from the EU and other international organizations. The private capital will be mobilised by EFI and AFF through institutional investors and private companies that will participate in investments. The fund seeks to create an investment potential to cover the gap between public intervention and business reality in the creative and fashion sectors of Sub-Saharan Africa.

About African Fashion Fund (AFF)
The African Fashion Fund (AFF), part of the Roberta Annan Capital Partners (RACP), focuses on education and capacity building for African brands. RACP is a registered Mauritius Company with subsidiaries to be registered in the Netherlands, United Kingdom and Luxembourg. RACP focuses on Wealth Management and Impact investments. It has an Impact Investment portfolio, Frallain Group, a UK registered entity that provides risk capital to African brands and incorporates social iimpact within their brands ethos, providing a platform with industry experts in fashion, sales and distribution, PR and communication for the commercialization of these brands.

About the Ethical Fashion Initiative
The Ethical Fashion Initiative is a flagship programme of the International Trade Centre, a joint agency of the United Nations and the World Trade Organisation. The Ethical Fashion Initiative enables artisans living in urban and rural poverty to connect to top luxury lifestyle brands. The Initiative also works with the rising generation of fashion talent from Africa, encouraging the forging of fulfilling creative collaborations with artisans on the continent. The Ethical Fashion Initiative projects in Burkina Faso, Mali, Afghanistan are funded by the European Union. 2019 will mark the beginning of a new and innovative project, in Central Asia, East and West Africa.

About the Paris Peace Forum
The Paris Peace Forum is an independent NGO, formed in 2018 after the original impetus came from President Macron in the summer of 2017. The first edition of the Paris Peace Forum (11-13 November 2018) will be inaugurated by Heads of State and Government, or their representatives, from the 84 countries invited by the President of the French Republic to participate in the commemorations alongside other political leaders invited for the occasion

For more information
For more information
ITC Ethical Fashion Initiative
Chloé Mukai E: [email protected]
W: www.ethicalfashioninitative.org
F acebook: ITC Ethical Fashion Initiative
Instagram: @ethicalfashion
Twitter: @_ethicalfashion

African Fashion Fund
Bose Anaboye E: [email protected]
W: www.africanfashionfund.com
Instagram: africanfashionfund
Twitter: FashionFundAFR

Business

Ghana Rated The Fastest Growing Economy In The World.

Published

on

Latest International Monetary Fund (IMF) report has rated Ghana as the fastest growing economy in the world. While this is the case for Ghana, IMF notes that many other African countries lag far behind.

IMF predicts that Ghana’s economy will grow at 8.8 percent in 2019, a growth rate it says is the fastest in the world. IMF attributes the projections to Ghana’s improved macroeconomic performance for the last two years and the strong economic growth in 2018 .Last year, Ghana’s economy grew by 5.6 percent, putting it in sixth position.

Ghana is closely followed by its neighbor Ivory Coast with 7.5 percent, and Ethiopia with 7.7 percent. The growth rate of these two countries from 2018 to 2020 appears to be consistent, while Ghana’s growth is predicted to decline again in 2020.

Apart from Ghana and Ivory Coast, South Sudan, Rwanda, Ethiopia, and Senegal, also top the list of the fastest growing economies in the world according to the IMF report.

While oil is said to be the sector that is driving Ghana’s economy, other sectors like agriculture, manufacturing and services have shown positive growth. This is according to one Adu Owusu Sarkodie from the University of Ghana. He however still maintains that the main source of growth is the oil sector. “We have discovered new oil fields and companies have started operating, they have intensified their operations,” he said in an interview with DW.

Papa Ndiaye, Head of the Regional Studies Devision at the IMF’s African Department had dissenting views regarding Ghana’s growth rate. “We don’t expect this growth rate (of 8.8 percent) to be sustained over the medium term. And when you look at it in per capita, that is still smaller than what countries like China have experienced in the past.” Ndiaye said adding that Ghana’s economic growth is expected to slow to a level of around 4.5 to 5 percent.

One Neville Mandimika, an analyst with the Rand Merchant Bank is also of the view that IMF’s projection is “way too generous”.

The Nana Akufo-Addo-led state has a thriving agriculture sector. Not long ago, 200,000 farmers received improved seeds and fertilizers hence increased yields. The sector remains a major backbone of Ghana’s economy. According to Agriculture Minister Owusu Afriyie Akoto, the backup given to the sector has given itva major boost. “We are expecting a bumper crop because of the impact that this great program has had on agriculture, even in its infancy,” he said.

In the IMF list, Angola came last on the list of African countries and economic growth rate has been predicted to be 0.4 percent. Last year it suffered a decline of 1.7 percent. South Africa’s growth rate has been projected to be only 1.2 percent, an increase of 0.4 percent from that of 2018. Resource-rich Nigeria will have a growth rate of 2.1 percent according to the report.

Innovation’ is viewed as a key driver of economic growth. Economists say the development and use of innovations enables firms to increase their productivity, which in turn leads to higher Gross Domestic Product (GDP). Ghana is keen to boost technological innovations and get more young people involved in sustaining and improving the country’s economic performance.

Innovation is especially key for low-income countries. It has been debated before that without innovation, low-income states will not move away from low-productivity.

Ghana has experience significant economic growth and is now categorised as a low-middle-income country but until recently it was ranked a low-income country

Continue Reading

Business

AROUND THE WORLD: Nigeria Is Now the Highest Producer of Rice in Africa

Published

on

Nigeria is now the largest rice producer at 4 million tons a year.

Experiencing a consistent increase in the demand, rice in the African Continent has in the past three decades grown in popularity to become a major feature in the continental diet. It currently takes the first position on the list of fastest-growing staple foods.

It was mostly consumed during special events in the early 1970s but it has gradually replaced yams, sweet potatoes and cassava on the dinner table. This growth has a direct link to the growing incomes, rapid urbanization rates as well as population growth.

Nigeria is currently the largest rice producing country in Africa and this is largely the result of continuous efforts by the current administration to place more emphasis on agrarian production.

Since the oil prices plummeted on the global market the move was aimed at reducing the nation’s over reliance on oil which has in the past year proved economically devastating. Also, keen on improving the country’s self-sufficiency the government is working on reducing the commodity’s import burden that currently runs into almost $400 million annually.

The Anchor Borrowers Program has also helped in boosting rice farming as the local central bank avails loans and distributes requisite tools to the farmers to boost production.

Eclipsing Egypt in its position Nigeria has become the largest producer of rice in Africa. This was revealed by Director-General of the Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley. 

The Federal Ministry of Agriculture director claimed that the country had reached self-sufficiency in the commodity by the end of 2017. According to a report, the country’s production capacity had reached 15 million metric tons translating to major savings as the country would no longer need to import the commodity.

Nigeria, in fact, consumes about 8 million tons, a figure that rises by about 6% annually. With around 34 states involved in rice cultivation, it is projected that the country would have a surplus for export by the year 2019.

The president of The Rice Farmers Association of Nigeria (RIFAN), Aminu Goronyo said that Nigeria has two farming seasons for rice and in each of the seasons 4 million tonnes of rice is produced. This means that in total, Nigeria produces 8 million tonnes of rice. 

The two seasons which produce 8 million tonnes engage a total of 12 million farmers. Goronyo also said that Nigeria does not plan to put a total ban on rice importation before the end of this year.

Although Nigeria is now the highest producer of rice in Africa the continent is still a long way off from catching up with the global rice production rates. The African continent has a very high production potential but has only utilized a fraction of this

Continue Reading

Business

New Logo Announcement: Introducing Dorothy’s Hope Foundation (DHF) New Brand Identity New Logo

Published

on

Dorothy’s Hope Foundation is a breast cancer foundation that was founded in May 2014 by Dorothy Amuah, a breast cancer survivor. It is a non-profit organization born out of compassion, to prevent, care and support breast cancer patients. It was founded with the mission of Empowering women, Educating women and Encouraging women affected with the disease.

We are proud to announce the launch of our new logo as part of the ongoing evolution of our brand.

Our professional profile has grown over the last 5 years, and now it is time for a change. We have altered our logo to reflect who we are today and to symbolize our dynamic future.

Basically, the new logo crystalizes the acronym “DHF” and the Foundation’s full nameas the foundation’s most popular identification label. Also, the new design of the outside frame is meant to improve the readability of the full name of the Dorothy’s Hope Foundation.

Symbolically, the colours on the logo are pink which expresses the femininity and the colour for the cancer awareness. Black with which the name of the foundation has been written boldly represents the strength of the organizations founder in fighting against cancer. 

In the upcoming months, we will update all our marketing literature and online presence with the new logo. Meanwhile, we invite our business partners, sponsors and volunteers to contact us via email at [email protected]

Finally, Dorothy’s Hope Foundation is thankful for the support and involvement of the general public and urge for much more support in our upcoming events. Details will be published on our various social media platforms and our official website.

Instagram: @dorothys_hope

Facebook: www.facebook.com/DorothysHopeFoundation

Continue Reading

Business

President Akufo-Addo Peaks 69 In World Most Reputable People List.

Published

on

In an alphabetical order, President Nana Addo Dankwa Akufo-Addo and Bishop Dag Heward Mills peaked 69 and 9 respectively in 2019 list of 100 most reputable people on earth as Leading reputation management consultancy firm, Reputation Poll International announced its 2019 publication of the 100 most reputable people on earth.

The list which features distinguished personalities from all sectors, recognizes leaders who have maintained a high level of credibility in discharging their duties, and have kept commendable and exemplary reputation for public emulation.

The list features renowned individuals from diverse sectors such as entertainment, politics, religion, education, philanthropy, business etc. Having assembled diverse connections with over 44 countries across the globe, the reach of the Reputation Poll is expanding daily.

Notable individuals on the list include renowned Queen Elizabeth II, 92, who is the oldest person to be added to the list. Our youngest person to be added to the list is Malala malalaaged 21.

Statically with an average age of 54, the USA has the largest share of reputable personalities numbering 25 also with a representation of 38 females, 1 couple and 61 Males.

During the announcement of the list, the board made it their duty to mention their continued focus and commitment in honouringindividuals, organisations and brands who consistently impact lives positively around the world.

Below is the full list arranged in alphabetical order:

1.Abigail Johnson – CEO, Fidelity Investments

2.Akinwumi Adesina – President, AfDB

3.Akio Toyoda – President, Toyota Motor Corporation

4.Amal Clooney – Barrister

5.Amina J Mohammed – Deputy Secretary-General, UN

6.Ana Patricia Botin – Executive Chairman, Santander Group

7.António Guterres – Secretary-General, UN

8.Atifete Jahjaga – Former President, Kosovo

9.Bishop Dag Heward-Mills – General Overseer, Lighthouse Chapel

10.Bishop David Oyedepo – General Overseer, Winners Chapel

11.Catharine Drew Gilpin Faus – President, Harvard University

12.Christiane Amanpour – TV Host, CNN

13.Dalai Lama

14.Denise Morrison – Former CEO, Campbell Soup

15.Denzel Washington – Actor

16.Ding Xuedong – CEO, China Investment Corporation

17.Dirk Van de Put – Chairperson, Mondelez International

18.Dr Denis Mukwege – Medical Doctor

19.Dr Judy Dlamini – Chancellor, University of the Witwatersrand

20.Dr Paul Enenche – Senior Pastor, Dunamis

21.Dr. Harbeen Arora – Founder, Women Economic Forum

22.Ed Sheeran – Singer

23.Emma Watson – Actress

24.Eric Thomas – Motivational Speaker

25.Evang. Reinhard Bonnke – General Overseer, Christ for all Nations

26.Gary Vaynerchuk – Motivational Speaker

27.Ginni Rometty – Chairperson, IBM

28.Graça Machel DBE – Co-Founder, Africa Progress Panel

29.Haruhiko Kuroda – Governor, Bank of Japan

30.Helen Clark – Politician, New Zealand

31.Helen Sharman OBE – Astronaut

32.Ian Khama – Former President

33.Ismail Ahmed – CEO, WorldRemit

34.Jacinda Ardern – President, New Zealand

35.Jack Ma – Founder, Alibaba Group

36.Janet Yellen – Economist

37.Jean-Claude Juncker – President, European Commission

38.Jeff Weiner – CEO, LinkedIn

39.Jim Yong Kim – President, World Bank

40.John Legend – Singer

41.John Maxwell – Motivational Speaker

42.Joko Widodo – President, Indonesia

43.Joseph Stiglitz – Economist, Columbia University

44.Juan Manuel Santos – Former President, Colombia

45.Justin Trudeau – President, Canada

46.Justina Mutale – Founder, Justina Mutale Foundation

47.Kailash Satyarthi – Children’s Rights Activist

48.Kenneth Copeland – Televangelist

49.Khaldoon Al Mubarak – MD, Mubadala Development Company

50.Kim Schofield – Member, United States House of Representatives

51.Klaus Schwab – Executive Chairman, World Economic Forum

52.Kumail Nanjiani- Comedian

53.Lei Jun – Founder, Xiaomi Inc

54.Les Brown – Motivational Speaker

55.Liu Qing – President, Didi Chuxing

56.Lubna Suliman Olayan – Businesswoman

57.Ma Huateng – CEO, Tencent

58.Major Mariam Al Mansouri – Pilot

59.Malala Yousafzai – Activist, The Malala Fund

60.Mario Draghi – President

61.Mary Robinson – Politician, Ireland

62.Melinda Gates – Philanthropist, Bill & Melinda Gates Foundation

63.Michael Bloomberg – Founder, Bloomberg LP

64.Michelle Obama – Former First Lady, United States of America

65.Mo Ibrahim – Founder, Mo Ibrahim Foundation

66.Muhammad Yunus – Founder, Grameen Bank

67.Mukesh Ambani – Chairperson, Reliance Industries Limited

68.Nadia Murad – Human Right Activist

69.Nana Addo Dankwa Akufo-Addo – President, Ghana

70.Nancy Pelosi – Minority Leader, United States House of Representatives

71.Narendra Modi – Prime Minister, India

72.Nick Vujicic – Motivational Speaker

73.Nicole Kidman – Actress

74.Noura Al Kaabi – Minister, Culture and Knowledge Development

75.Nuseir Yassin – Vlogger

76.Oprah Winfrey – CEO, Oprah Winfrey Network

77.Paul Kagame – President, Rwanda

78.Paul Romer – Senior Vice President, World Bank

79.Philip Ng Chee Tat – CEO, Far East Organization

80.Pope Francis – Pope, Roman Catholic Church

81.Prince Harry & Meghan

82.Priyanka Joshi – Bio Chemist

83.Queen Elizabeth II

84.Ralph Hamers – CEO, ING Group

85.Rev. Jesse Jackson – Activist

86.Robin Sharma – Motivational Speaker

87.Sahle-Work Zewde – President, Ethiopia

88.Sheikh Mohammed Bin Rashid Al Maktoum – Prime Minister, UAE

89.Sinach Joseph – Songstress

90.Sinead Burke – Writer

91.Strive Masiyiwa – Executive Chairman, Econet Wireless

92.Sundar Pichai – CEO, Google

93.Tatsumi Kimishima – Businessman

94.Tim Cook – CEO, Apple

95.Tony Robbin – Motivational Speaker

96.Wang Jianlin – CEO, Dalian Wanda Group

97.Warren Buffett – Executive Chairman, Berkshire Hathaway

98.Winnie Byanyima – Executive Director, Oxfam International

99.Xi Jinping – President, China

100.Zuzana Čaputová – President, Slovakia

More detailed information about the Reputation Poll 2019 100 Most Reputable People on Earth is available on www.reputationpoll.com

For more information, you can write to [email protected]

Continue Reading

Trending