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Showing posts with the label African business

TONIGHT ON THE TERRORDOME: Mohammed Ibrahim on Good Governance as the Engine of African Development

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6 pm Mountain Time FM 88.5 Edmonton cjsr.com worldwide Download or stream When Sudanese engineer and entrepreneur Mohamed Ibrahim built a cellular communication network across the African continent, he likely had no idea he’d meet such massive financial, social and political success. Ibrahim eventually sold his Celtel company for $3.4 billion , and used his money to establish the Mo Ibrahim Foundation. The Foundation’s major goal is to improve governance across the African continent, since without government provision of security, rule of law, justice and human development, and facilitation of trade, citizens have a much more difficult time of transforming their societies for the better. The Mohamed Ibrahim Foundation awards excellence in national leadership to any African federal leader who came to power democratically and left his or her country in better political, economic and social conditions. Worth $5 million initially and $200,000 annually for life, the prize is awarded...

TONIGHT ON THE TERRORDOME: Want to Get Rich? Invest in Africa

6 pm FM88.5 E-Town cjsr.com worldwide Tonight is part 3 of our series on African economic development . Prevailing stereotypes depict 54 African countries as if they were a single country, and an economic basket case at that. While of course, poverty continues to afflict hundreds of millions across the continent, economic realities vary considerably. There are nearly 1 billion people on the continent. According to some reports, cell phone use is more widespread in Kenya than it is in Canada. Materially, Africa is the richest continent, selling more oil to the US than does the Middle East . Modern technology, from DVDs and digital cameras to laptop computers, would be impossible without coltan , mined almost exclusively in the Democratic Republic of Congo. Shocking to many, GNI or gross national income per capital is higher across Africa than it is in India. At least a dozen African countries have a higher GNI per capita than China . And as the continent’s middle classes grow, telecom...