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Monday 21 September 2015

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Cape Town: Africa Finance & Investment Forum 2015 will focus on strengthening Africa's private sector through a pragmatic and business oriented approach


PRESS RELEASE

Africa Finance & Investment Forum 2015 Names APO as Official Newswire

THE annual pan-African forum will focus on strengthening Africa’s private sector through a pragmatic and business oriented approach

CAPE-TOWN, South-Africa, September 16, 2015/ -- EMRC (http://www.emrc.be) has named APO (African Press Organization) (http://www.apo-opa.com) as Official Newswire of the Africa Finance & Investment Forum 2015 (AFIF) (http://www.emrc.be/en/events/afif-2015.aspx), THE annual pan-African forum, to be held in Cape Town, South Africa from 24th to 26th November 2015.



Photo APO: http://www.photos.apo-opa.com/index.php?level=picture&id=782(Nicolas Pompigne-Mognard, Founder and CEO of APO (African PressOrganization)


AFIF 2015 entitled “Access to Finance & Entrepreneurship” is organized in collaboration with the European Investment Bank (EIB), DEG (German Development Finance Institution) and in partnership with ECOWAS-TEN, Agri Academy (South Africa), Pfizer, BlueCloud (United Kingdom) amongst others.

“The Africa Finance & Investment Forum is a platform which accommodates innovation and brings to the table financiers who are looking to find real projects, investment opportunities and long-term partnerships. There is a spirit to get things done and have real and effective B2Bs. At EMRC we measure the success of our conferences through the partnerships that are forged during/after our Forums… and fortunately we have great success stories. The pragmatic side of our events is what makes partners/speakers/participants keep coming back year after year,” Ines Bastos, EMRC Senior Project Manager. “So, it was logical to link up with APOwhich has such a strong network itself and a similar vision to what EMRC wants to achieve. ”

With an expected 300 people from all over the world, the three days event will see North & South policymakers, financiers, bankers and private sector entrepreneurs discuss and find practical business solutions. It will focuses on strengthening Africa’s private sector through a pragmatic and business oriented approach.

“This year, with AFIF being held in Africa for the first time, the meaning of North & South and South & South partnerships will be truly put into practice. This is the essence of AFIF and we expect that strong business partnerships and results are established. We already have some strong partners and speakers confirmed, which shows how important investing and finance in Africa has become,” Idit Miller, EMRC Vice President and Managing Director.

AFIF regroups three key target groups: Entrepreneurs (project owners, CEO etc..), financial institutions (Banks) and investors interested in investing directly in banks or projects (DFIs/IFIs/Foundations).

"We are delighted to form this partnership. The Africa Finance & Investment Forum is one of the most important event where stories unfold and financial actors put words to action", said Nicolas Pompigne-Mognard, APO Founder and CEO.

AFIF's press releases will be distributed via Africa Wire® (http://www.apo-opa.com/press_release_distribution.php), the newswire service for press releasedistribution and monitoring in Africa and beyond.

Used by some of the world’s largest companies, PR agencies, institutions and organisations, APO Africa Wire® has a potential reach of 600 million and guarantees the most extensive outreach in Africa, acting as a channel that allows APO’s clients to target audiences in all parts of the continent and also the world.

APO is NASDAQ GlobeNewswire Authorized Agency for Africa offering unique access to 1.5 Million financial media outlets in North America, Europe, Asia, the Middle East, and more. APO is also CSRwire Authorized Agency for Africa, offering access to a global wire dedicated to corporate social responsibility, health and sustainability communication.

More information about Africa Wire®, the service for newswire press releasedistribution in Africa, is available at http://www.apo-opa.com/services.php

This is a joint press release by EMRC and APO (African Press Organization).


APO Contact:
Aïssatou Diallo, bdm@apo-opa.org, +41 22 534 96 97

EMRC Contact:
For further information concerning speaking opportunities and sponsorship, please contact:
Ines Bastos (Sr Project Manager)
Email: ib@emrc.be 
Tel: +32. 26 26 15 15

For further information concerning media or advertising opportunities, please contact:
Jessica Frommer (Media and Communication Manager)
Email : jf@emrc.be

About EMRC
Established in 1992 in Brussels, EMRC (http://www.emrc.be) is a non-profit International Association composed of a network of entrepreneurs, financiers, consultants and officials based throughout the world. EMRC's mission is to lead the private sector in Africa to sustainable economic development and to drive regional change via partnerships.

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About AFIF
The Africa Finance & Investment Forum (AFIF) (http://www.emrc.be/en/events/afif-2015.aspx) is an annual business event organized in the framework of EMRC International’s activities, aimed at strengthening the private sector in Africa, encouraging entrepreneurship and attracting investment to the African continent. AFIF has a double objective: to strengthen the financial capacities of Africa’s private sector and to promote the creation of new partnerships through the encouragement of joint projects and trade relations North-South & South-South.

About APO
APO (African Press Organization) (http://www.apo-opa.com) is the sole pressrelease newswire in Africa and the global leader in media relations relating to Africa.
APO has a media database comprising over 150,000 contacts and is the main online community for news relating to Africa.

It offers a complete range of services, including press release distribution and monitoring, online press conferences, interactive webcasts, media interactions, strategic advice, public diplomacy, government relations and events promotion. To find out more, please visit http://www.apo-opa.com.

Follow APO on Twitter: https://twitter.com/apo_source



SOURCE 
Joint press release by EMRC and APO (African Press Organization)

Distributed by :
APO (African Press Organization)
2nd, 3rd and 4th floor
Voie du Chariot 3
1003 Lausanne – Switzerland
Tel : +41 22 534 96 97
Skype: apo-opa
E-mail: switzerland (at) apo-opa.org
www.apo-opa.com


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Islamic finance in Africa : New report from ICD unveils encouraging Islamic finance prospects in Africa


PRESS RELEASE
New report from ICD unveils encouraging Islamic finance prospects in Africa
The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan
JEDDAH, Kingdom of Saudi Arabia, 19 September 2015/ --  A newly-released report “Islamic Finance in Africa: A Promising Future” by the Islamic Corporation for the Development of the Private Sector (ICD) takes an in-depth look at the tremendous growth opportunities for Islamic finance to flourish in the region. The new report was released during the Africa Islamic Finance Forum 2015 in Abidjan.

The report is being published as the global banking community comes together to define a transformative new landscape to integrate Islamic finance into the mainstream. Once of interest only to a niche market of Muslim investors, Islamic finance is now venturing beyond its traditional sphere, and is slowly gaining widespread acceptance in Africa.

The birthplace of a quarter of the global Muslim population, the report highlights that Africa features a potentially strong demand for Islamic financial services and products. While still comparatively under-developed, Islamic finance is expanding in many parts of the region, and is now present across most of North Africa and in many countries of East and West Africa, particularly those with sizeable Muslim communities.

One of the recommendations of the report is that Islamic finance can act as the catalyst in mobilising funding into Africa, thereby resulting in economic growth and sustainable development. It is estimated that the region needed USD93.0bln per year to finance large-scale infrastructure and manufacturing projects, while external funding is also needed to offset ballooning fiscal deficits. Meanwhile, 2 billion adults remain unbanked globally, and currently, sub-Saharan Africa alone accounts for as much as 17.0% of the world’s unbanked adults. In addition, there is a significant funding potential opportunity for Islamic banks in view of the increasing emergence of small-to-medium enterprises (SMEs) across Africa. In light of relatively low-income levels, a large informal sector and the prevalence of small businesses in Africa, Islamic microfinance is also a growth area worth looking into.

The report also highlights notable progress in the sukuk sector, where recent developments have seen governments focusing more on creating a more enabling environment for sukuk issuances. Some countries which have issued sukuk include Gambia, Sudan, Senegal and South Africa, while Ivory Coast is lining up to issue its debut sukuk at the end of the year. Moving forward, several countries such as Tunisia, Egypt and Morocco have expressed keen interest in tapping the sukuk market for infrastructure financing and have finalized or are in the midst of finalizing their legal frameworks to promote sukuk issuances. Although the Islamic financial services industry in Africa is currently dominated by the banking and sukuk segments, growth potential remains in the asset management and takaful spheres.

In its key recommendations, the report underlines that to capture the tremendous potential, the regional industry must overcome various challenges which are broadly similar with challenges faced in other parts of the world. These include challenges on the regulatory front such as regulatory inconsistency, the shortage of qualified human capital, the lack of awareness and financial literacy by many end-users and consumers, and a conducive business landscape which will support the growth of Islamic finance. 
Distributed by APO (African Press Organization) on behalf of Islamic Corporation for the Development of the Private Sector (ICD).
SOURCE
Islamic Corporation for the Development of the Private Sector (ICD)
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Distributed by :
APO (African Press Organization)
2nd, 3rd and 4th floor
Voie du Chariot 3
1003 Lausanne – Switzerland
Tel : +41 22 534 96 97
E-mail: switzerland (at) apo-opa.org
www.apo-opa.com
http://em.apo-mail.org/wf/open?upn=i9rI7cL7Nzg3ZknmfkkU-2BF8tG6-2FEaIEd1SZEfEt94d52cieQFMTYZ0L5rXAHRwty8x05YjbbDdFIHneFP8sBkKhb9d0q3XJiAN8nfygB9iPgSpbbI3kyJfTr5lKcPKt6tLMW955ZpuRwRsvg8d7tjV4ezbMJsAgfrDR7gs8Ol9fWinVSNCB2edWgnFE-2B68M8NW06Xns8I09umm8TjTXpNA-3D-3D

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African youth entrepreneurship award: Anzisha Prize celebrates 5 years – announces 2015 finalists for $75,000 African youth entrepreneurship award



PRESS RELEASE

Anzisha Prize celebrates 5 years – announces 2015 finalists for $75,000 African youth entrepreneurship award

The 12 finalists were selected from an impressive initial pool of 494 young entrepreneurs

JOHANNESBURG, South-Africa, September 17, 2015/ -- African Leadership Academy (http://www.africanleadershipacademy.org), in partnership with The MasterCard Foundation (http://www.mastercardfdn.org), is proud to announce 12 accomplished young entrepreneurs as finalists for the 2015 Anzisha Prize (http://www.anzishaprize.org). The Anzisha Prize team scoured far and wide in an extensive search for African entrepreneurial talent between the ages of 15 and 22. The 12 finalists were selected from an impressive initial pool of 494 young entrepreneurs, up from 339 applications in 2014. The Anzisha Prize is proud to have attracted applicants from 33 African countries, with finalists from Zimbabwe and Ethiopia identified for the first time. Applications were also received from a diversity of sectors, with agriculture having the most applicants. Now in its fifth year, The Anzisha Prize will be celebrating these outstanding young people during Global Entrepreneurship Week joining the worldwide festivities. Finalists for the Anzisha Prize win a share of US$75,000 and access to ongoing support to scale their enterprises and expand their impact.

Logo Anzisha Prize: http://www.photos.apo-opa.com/plog-content/images/apo/logos/anzisha-1.jpg

Logo African Leadership Academy: http://www.photos.apo-opa.com/plog-content/images/apo/logos/ala.jpg

Logo The Mastercard Foundation: http://www.photos.apo-opa.com/plog-content/images/apo/logos/mastercard-foundation-1.jpg

The 12 finalists will be flown to Johannesburg for the 2015 Anzisha Week taking place from 12 – 18 November 2015 during which they will receive intensive training from African Leadership Academy’s renowned Entrepreneurial Leadership faculty and engage with industry leaders as mentors. A panel of judges from across the entrepreneurial sphere will deliberate to select the grand prize-winners at a gala function to be held on the evening of 17 November 2015. The finalists will grow the pool of Anzisha Fellows to 57 and receive ongoing support in the form of business consulting, professional development training and access to broader networking opportunities to accelerate the growth of their ventures and impact.

For the first time ever, the Prize is delighted that finalists have been selected from Zimbabwe and Ethiopia. Farai Munjoma, 18, provides courseware and career guidance to other youth in Zimbabwe. Hidaya Ibrahim, 21, co-founded an education venture that organizes capacity building activities for students to increase their critical thinking, analytical research and writing skills. Hidaya is among five female finalists, with four others originating from Cameroon, Ghana, Nigeria, and Rwanda.

This year’s finalists have started ventures in a diversity of sectors including agriculture, technology, youth empowerment, education, and fashion. The large number of applicants in agricultural ventures reinforces the notion that Africa’s young entrepreneurs are focused on sectors that drive economic value in the African context.

Says Grace Kalisha, Manager for the Anzisha Prize, “Entrepreneurship has significant potential to drive economic growth and improved livelihoods for African youth. We are proud to be celebrating and supporting these inspiring young leaders during Global Entrepreneurship Week, making them part of the global entrepreneurship narrative.”

The 2015 finalists are:

1.         Blessing Fortune Kwomo, 19, Nigeria. Co-founder of De Rehoboths Therapeutic Studio which extends home-based health care through tailored family action plans for treating illness and addressing root causes to empower families to live healthier within the context of their surroundings/ circumstances.
2.         Chantal Butare, 21, Rwanda. Founder of Kinazi Dairy Cooperative (KIDACO) offering market access to 3,250 farmers through 10 milk collectors. Chantal packages and sells the milk for cattle owners in the community who have received cows in a government program, but have no market access.
3.         Chris Kwekowe, 22, Nigeria. Founder of Slatecube, an e-learning platform that allows learners to study ICT-related course work and be certified at their convenience, with 200 active users on the platform this year.
4.         Daniel Mukisa, 21, Uganda. Co-founder of Transporter Company, provider of delivery services in Kampala using own branded fleet of  30 motorbikes, carrying out around 150 deliveries daily for corporate clients.
5.         Fabrice Alomo, 22, Cameroon. Founder of MyAconnect, which is a web platform that aims to ease trade in Africa by digitizing what and how people buy, sell, and pay, through four user-friendly applications, with 128 companies currently utilizing the platforms.
6.         Farai Munjoma, 18, Zimbabwe. Co-founder of Shasha Iseminar, providing access to courseware content, past examination questions and answers, and career guidance to high school age kids. He also offers school fees contribution to kids from revenues earned, and carries out projects at orphanages.
7.         George Mtemahanji, 22, Tanzania. Co-founder of SunSweet Solar, which designs, plans, organizes and brings solar energy to rural Tanzania.  One of his projects was the construction of the largest solar energy system in Kilombero, at Benignis Girls Secondary School of Ifakara.
8.         Hidaya Ibrahim, 21, Ethiopia. Co-founder of Qine Association for Promoting Education Quality, an education venture that organizes capacity building activities for students to increase critical thinking, analytical research and writing skills, and convenes educational sector players for unique consultation on the quality of Ethiopian education.
9.         Karidas Tshintsholo, 20, South Africa. Co-founder of Push Ismokol’, a clothing brand that employs six people in the Ekangala township of Pretoria, with significant pent up demand due to savvy marketing techniques.
10.       Mabel Suglo, 22, Ghana. Co-founder of Echo Shoes, foot-wear business specializing in designing and making shoes from recycled waste, producing 30 pairs of shoes a month, and engaging persons with disabilities in the production process.
11.       Sirjeff Dennis, 21, Tanzania. Founder of Jefren Afgrifriend Solutions (JAS) Poultry farming, raising 1,500 broiler chickens a month, and selling100 150kg bags of organic fertilizer a month.
12.       Vanessa Zommi, 19, Cameroon. Co-founder of Emerald Moringa Tea aimed at managing diabetes in her community by providing products which contain key antioxidants, currently producing 15 kg of output per month.

“Given the continued success of Anzisha at identifying a diverse pool of finalists that is representative of the potential and promise of Africa’s young entrepreneurial talent, The MasterCard Foundation is pleased to celebrate five years of the Anzisha Prize and continue in its partnership with African Leadership Academy until 2020. I am excited to welcome this year’s finalists to the Anzisha community” says Koffi Assouan, Program Manager for the Youth Livelihoods Program at The MasterCard Foundation.

Distributed by APO (African Press Organization) on behalf of the Anzisha Prize.


For more information on the Anzisha Prize, go to:
➢ Website: www.anzishaprize.org
➢ Facebook: www.facebook.com/anzishaprize
➢ Twitter: @anzishaprize
Media contact:
Email: prize@anzishaprize.org

NOTES TO EDITORS:

About the Anzisha Prize
The Anzisha Prize is delivered by African Leadership Academy in partnership with The MasterCard Foundation. Through the Anzisha Prize, the organisers seek to catalyse innovation and entrepreneurship among youth across the continent.

About African Leadership Academy
African Leadership Academy (ALA) seeks to transform Africa by developing a powerful network of entrepreneurial leaders who will work together to achieve extraordinary social impact. Each year, ALA brings together the most promising young leaders from all 54 African nations for a pre-university program in South Africa with a focus on leadership, entrepreneurship and African studies. ALA continues to cultivate these leaders throughout their lives, in university and beyond, by providing on-going leadership and entrepreneurial training and connecting them to high-impact networks of people and capital that can catalyse large-scale change. For more information, visit http://africanleadershipacademy.org.

About The MasterCard Foundation
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Sub-Saharan Africa. As one of the largest, independent foundations, its work is guided by its mission to advance learning and promote financial inclusion in order to alleviate poverty. Based in Toronto, Canada, its independence was established by MasterCard when the Foundation was created in 2006. For more information, please visit www.mastercardfdn.org or follow us on Twitter @MCFoundation.

SOURCE 
Anzisha Prize

Distributed by :
APO (African Press Organization)
2nd, 3rd and 4th floor
Voie du Chariot 3
1003 Lausanne – Switzerland
Tel : +41 22 534 96 97
Skype: apo-opa
E-mail: switzerland (at) apo-opa.org
www.apo-opa.com


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