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    Africa is Now the Fastest Growing Continent in the World

    Africa is now the fastest growing continent in the world, the African Development Bank’s Annual Development Effectiveness Review 2013 states. The report, just published, says this growth has been driven mainly by improved economic governance on the continent and the private sector.

    “Africa’s economic growth could not have happened without major improvement in economic governance. More than two-thirds of the continent has registered overall improvement in the quality of economic governance in recent years, with increased capacity to deliver economic opportunity and basic services,” it says.

    The report says the costs of starting a business, for instance, have fallen by more than two-thirds over the past seven years, while delays for starting a business have been halved. It says the private sector has become the main engine of growth as the continent continues to improve its business climate. This growth is increasingly driven by internal demand. “This progress has brought increased levels of trade and investment, with the annual rate of foreign investment increasing fivefold since 2000. For the future, improvements in such areas as access to finance and quality of infrastructure should help improve Africa’s global competitiveness,” the report states.

    Greater regional economic integration on the continent, it says, will improve the prospects for growth by enabling African producers to build regional value chains, achieve economies of scale, increase intra-African trade and become internationally competitive. Recent years have seen progress in this direction, including the launch of regional organizations to manage regional power pools and water basins.However, Africa’s inadequate infrastructure remains a major constraint to the continent’s economic growth and development. The report urges greater investment in this area.

    • UN Development Business (DB)  has launched its collaboration with the Commonwealth Businesswomen's Network (CBW) , which as the lead organisation for women in business in the Commonwealth works with governments through the Commonwealth Secretariat and the private sector through the Commonwealth Enterprise and Investment Council and which is mandated to drive women's economic empowerment across 53 member nations. This comes at a critical juncture when the success of the MDGs is being assessed,  particularly, but not exclusively MDG number 3 which seeks to promote gender equality. At the same time it will further a UN priority of assisting SMEs in gaining a stronger foothold in the global procurement marketplace.  DB and the CBW are joining forces to expand its networks with the aim of making tangible/measurable inroads in 2015 and beyond. 


      Development Business is pleased to announce its partnership with WEConnect International,  a corporate based non-governmental organization which identifies, educates, registers, and certifies women's business enterprises based outside of the U.S. that are at least 51% owned, managed, and controlled by one or more women, and then connects them with multinational corporate buyers.  This collaboration will serve a dual  purpose - Support Millennium Development Goal # 3 which  aims to PROMOTE GENDER EQUALITY AND EMPOWER WOMEN and  to assist in furthering  a UN priority of assisting  SMEs in the global procurement market.

    • The Marlborough House Infrastructure Summit 
      London 24-25 November, 2014, will give Governments and project promoters the opportunity to present priority infrastructure projects to qualified investors, including senior representatives of sovereign wealth funds, pension funds and private equity from across the globe, including the Middle East, China, the Bretton Woods Institution and development banks.

    • The Ebola virus outbreak in West Africa is fast becoming one of the greatest challenges facing the international medical community in recent times. Governments, WHO and the United Nations agencies and NGOs have joined forces to scale up an international response. On 16 September 2014 the United Nations released an Overview of Needs and Requirements guided by the 5 strategic objectives to be implemented within the coming 6-9 months: Ebola Virus Disease Outbreak Business Engagement Guide, In-Kind Donations and Direct Engagement

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