Category Archives: Business

The Maravi Post is a leading source for reliable Business news and analysis on Business. Top African Business like  Dangote  Group in Nigeria, Mulli Brothers in Malawi

The 10 Greatest Living Business Leaders In Africa Today
  • Sheikh Mohammed Al-Amoudi, Ethiopian.
  • Raymond Ackerman, South African.
  • Aliko Dangote, Nigerian.
  • Manu Chandaria, Kenyan.
  • Onsi Sawiris, Egyptian.
  • Brian Joffe, South African.
  • Strive Masiyiwa, Zimbabwean.
  • Wale Tinubu, Nigerian.
Business

Afreximbank’s President Honored as FORBES AFRICA’s 2023 Person of the Year

Maravi Post Reporter

In a glittering ceremony held in Cairo on December 4, 2023, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), was awarded the prestigious FORBES AFRICA 2023 Person of The Year. The event was marked not only by the recognition of Prof. Oramah’s outstanding achievements but also by the unveiling of the cover for FORBES AFRICA’s December 2023/January 2024 edition, featuring him as the cover personality.

Dr. Rakesh Wahi, Founder and Publisher of FORBES AFRICA, along with Roberta Naicker, the Managing Director, presented the award, emphasizing its significance in acknowledging the stellar contributions of leaders shaping the development landscape of the continent.

Prof. Oramah, with a remarkable three-decade-long career at Afreximbank, was lauded as a true pan-Africanist during the ceremony. Renuka Methil, Managing Editor of FORBES AFRICA, reflected on an extensive interview with Prof. Oramah, where his unwavering passion and dedication to the economic development of Africa became evident.

“Amongst many initiatives under his visionary leadership, Afreximbank launched the Pan-African Payment and Settlement System (PAPSS), a historic project for cross-border payments in local African currencies,” highlighted Ms. Renuka Methil. She commended Prof. Oramah as a resilient risk-taker and a vocal advocate for a united Africa.

The FORBES AFRICA Person of The Year is selected through nominations from the magazine’s editorial and research teams, including journalists from bureaus across Africa. Prof. Oramah’s name stood out among the nominees and was unanimously chosen as the winner for 2023 after an Africa-wide review of prominent contributors to the continent.

This prestigious recognition places Prof. Oramah in the esteemed company of past recipients, including Sanusi Lamido Sanusi, Dr. James Mwangi, Dr. Akinwumi Adesina, Aliko Dangote, Mohammed Dewji, and Thuli Madonsela. It underscores his exceptional leadership and positive impact on Africa’s economic landscape.

Earlier in November, President Oramah was honored with the Zik Prize in Professional Leadership in Lagos, Nigeria, adding to a long list of awards for his contributions to trade development in Africa. His initiatives, including driving intra-African trade and promoting the African Continental Free Trade Agreement (AfCFTA), have garnered widespread acclaim.

In conjunction with the award ceremony, attendees were provided with a declaration form, symbolizing their collective commitment to actively participate in the ongoing efforts to combat the spread of HIV and support those affected by the virus. This form adds a layer of significance to the event, emphasizing the collaborative spirit needed to address pressing issues affecting the continent.

As we celebrate Prof. Benedict Oramah’s recognition as FORBES AFRICA’s 2023 Person of the Year, it is evident that his visionary leadership continues to drive positive change and contribute significantly to the economic growth and development of Africa.

Business

25 wins in NBS ‘Savings Always Win’ promo

Maravi Post Reporter

LILONGWE-(MaraviPost)-Twenty-five people have received an early Christmas gift from NBS Bank Plc after winning various prizes in the ‘Savings always Win’ promotion which encourages a saving culture among the Banks’ customers.

The lucky winners from different NBS Service Centres with entries in the past five months have walked away with return air ticket trips, K50,000 worth of grocery vouchers, and MK25,000 bill payments in a promotion that ends December 31.

Speaking during the draw on Monday, NBS Southern and Eastern Region Cluster Manager Gracious Changaya said the response has been overwhelming.

“We are giving back to our customers who have been supportive to us through and through, and as a ‘Caring Bank’, it is also a way of also encouraging them to save, that is why we have these three categories to make sure all customers are taken into consideration.”

“This is a time that most people spend and it is also our responsibility to make sure that we help them to plan for the future as you are aware come January most people would want to send their children to school and would want to invest in their farms, that is why we are urging them to save now,” said Changaya.

Grand prizes are tiered in three different bands with those depositing MK50,000 minimum standing a chance of winning MK1 million, those depositing in the MK100,000 to MK500,000 band winning MK3.5 million and lastly in band three for those depositing MK500,000 above to win MK6 million cash prize.

The promotion was launched on June 25 this year and will end on December 31, 2023. 

Agriculture

2 Famous African hot sauces

Maravi Post Reporter

Africans are known for their love of hot spices and Malawians are no different.  In our culture we use it in many ways.  Some people even believe that hot sauces are a hangover cure!

We always have hot my extra extra hot sauce on our dinner table. I have to have a secret stash for fear we run out 😉 We like to add hot sauce to most of our meals.  It is part of our table setting that is ready to be used by everybody.  In my language we say ‘abale samalani’ and it means ‘please friend, take’.

Pelepele African Pepper Sauce

Ingredients
10 peppers Habenero, scotch bonnet pepper
1 medium onion
4 garlic cloves
2 tablespoon bouillon powder or Maggi
2 basil leaves
2 tablespoon parsley
1-3 Roma tomatoes adjust to for spiciness
1/2 -1 cup vegetable oil
salt

Abale Samalani

Nali Sauce is a popular sauce from Malawi dubbed, “‘Africa’s hottest peri-peri sauce’. It is one of Malawi’s most popular sauces. The Nali sauce brands have attained cult status with chili lovers both in Malawi and throughout the world for their hotness and taste.[2] The heat level of Nali sauce is approximately Piri Piri 175.000 scoville heat units

Nali is made from peri-peri sauce from Malawian birds eye chilies which are the hottest in Africa. They have been produced by Nali ltd since the 1970s. There are currently 7 different flavors of Nali Sauces: Mild, Hot, Gold, Garlic, Ginger, Curry Masala and BBQ. The label on the bottle comes with a warning in English and Chichewa that reads, “Abale Samalani”, friends, take care. Nali has a strong presence in Zambia, Zimbabwe, Tanzania, Kenya, Mozambique and South Africa.

History

Nali Limited was founded in 1974 in Limbe, Malawi by Alford Nalilo Khoromana in Thyolo District.[2] It was set up as a proprietorship.  It was incorporated as a company on 15 December 1983 as Nali Farms Limited. It later changed to Nali Limited on 12 November 1985.  Nali has, since the early 1970s, been engaged in the growing and exporting spices including the popular Birds Eye chilies that are only found in Africa.[8] Nali was able to grow into a successful commercial enterprise.  Nali hot sauces are their most popular product line.

Production

Towards the end of 1978, Nali chilies were in great demand. Nali Limited is the only company in Malawi involved in the processing and selling of sauces and condiments for both local markets and export markets. They currently produce Nali Sauce and other agricultural products. It currently has about 3,000 farmers that help to grow the chillis.

Varieties

There are currently 8 different flavors of Nali Sauces: Hot, Gold, Garlic, Ginger, Curry Masala Chicken BBQ, Steak BBQ and Kambuzi

Packaging

The label on the bottle comes with a warning in English and Chichewa that reads, “Abale Samalani”, friends, take care.

AMA, Business

Highlights, Big Ideas, Impact, and More From the Africa Fintech Summit Lusaka 2023

MaraviPost

LUSAKA, Zambia, 6 December 2023 /African Media Agency (AMA)/-From November 1-3, fintech stakeholders from around Africa and the globe converged in Lusaka, Zambia, for the 10th edition of the Africa Fintech Summit. Historically, AFTS has been the go-to platform for fintech startups, banks, corporations, telcos, government agencies, venture capital firms, and other industry players to engage in thoughtful ecosystem-building conversations, share knowledge, explore partnership opportunities and mobilize investments. AFTSLusaka2023 was no different. 

The summit, which had Flutterwave as its headline sponsor, kicked off on a light-hearted note with a poolside VIP Dinner on November 1 at Ciela Resort. The Deputy Chief of Mission at the US Embassy in Zambia, Linnisa Wahid, delivered a welcome address where she emphasized how digital transformation is fostering financial inclusion and sustainable economic development in Zambia.

On day two of the event, the conference center at Ciela Resort welcomed 625 in-person delegates from over 45 countries, while more than 1,000 other participants tuned in from across the continent, with most being university students sponsored to take part by Twitter founder and former CEO Jack Dorsey. Quickly, Hon. Felix Mutati, Zambia’s Minister of Technology & Science set the tone of the event with an impassioned keynote. 

In his address, the minister touched on everything from Zambia’s digital transformation strategy to fintech’s role in advancing it and the need for Africa to leverage digital transformation for economic development. He would later go on to announce Zambia’s plans to launch a smartphone manufacturing plant in 2024 to foster digital access. Three other keynote addresses from representatives of the Bank of Zambia, USAID Zambia, and the US Embassy in Lusaka were interspersed by 13 panel discussions on key fintech and fintech-related topics.

Over 80 speakers ranging from founders and investors to bankers and regulators delved into themes such as Leveraging AI in fintech, Fintech in Every Industry, Embedded Fintech, Investing in Fintech Amidst a Global Investment Slowdown and more. Two workshops tagged “Lessons learned from enabling fintech payment solutions across Africa,” and “An ecosystem approach for cross-border payments in and out of Africa,” hosted by MDP and Multigate, respectively, also formed parts of the expert-led discussions on the agenda.

In-between sessions, attendees had lunch and coffee breaks that doubled as networking sessions. These breaks also offered delegates the opportunity to engage with local and pan-African startups, banks and other organizations at their stands.

The main event concluded with the first-ever live episode of the African Pre-seed Podcast titled “Is Fintech the One True Ecosystem Vertical?” The speakers were host Hope Ditlhakanyane, former Visa Executive and Scale founder Miranda Perumal, Flourish VC Principal Efayomi Carr and Founder and Chairman of Blockchain Association of Kenya (BAK), and Michael Kimani. Attendees then unwound and further connect during a happy hour sponsored by Aella.

Two major items were on the agenda for the final day, November 3: a tour of the Zambian tech ecosystem and the annual AlphaExpo Pitch Competition. The ecosystem tour saw delegates make stops at PremierCredit, Paratus Zambia, Liquid Intelligent Technologies and Absa Zambia, where they interacted with the respective teams. Later that evening, attendees then converged again at Ciela resort to watch 15 African startups pitch to a panel of judges during the AlphaExpo Pitch Competition. 

AlphaExpo is a sector-agnostic initiative from the Africa Fintech Summit, that enables startups to showcase their solutions free of charge at the Africa Fintech Summit and pitch to win growth-enabling prizes and connect with investors. The competition boasts alumni such as YellowCard, Piggyvest, Marketforce and others startups that have gone on to raise over $200 million in funding. 

Sponsored by USAID, this year’s AlphaExpo saw an opening address by Robin Sharma, USAID Zambia’s Deputy Mission Director and had seven startups from Zambia, two from Nigeria, three from Kenya, one from South Africa, one from Namibia, and one from Uganda. Zambia’s Save and Remit won the competition, while Nigeria’s Trade Lenda and Uganda’s aXiom Zorn finished second and third, respectively.

With such a diverse lineup of ecosystem-building engagements, it was no surprise that attendees generally thought the summit delivered on its promises and were quick to share their experiences alongside photos and videos from the event. The AFTS team was quick to point out the role that sponsors and partners such as Flutterwave, Chipper Cash, MDP, Ecobank, Cellulant, Paystack, PremierCredit, TechCabal and others played in making the Lusaka event a success.

According to the AFTS team, Nairobi, Kenya, will host the 11th edition of the Africa Fintech Summit in 2024. The date and venue will be announced in January 2024.

Distributed by African Media Agencyin partnership with Africa Fintech Summit

About Africa Fintech Summit

About the Official Africa Tech Roadshow 

The Official Africa Tech Roadshow is a pioneering initiative aimed at fostering collaboration, innovation, and growth within the African technology landscape. By bringing together top industry conferences and events, the Roadshow provides a platform for thought leaders, entrepreneurs, and investors to exchange ideas, share insights, and forge partnerships that contribute to the advancement of the Pan-African technology industry. 

Media Contact

Charles Isidi

Head of Marketing and Communications

Africa Fintech Summit.

charles@africafintechsummit.com

The post Highlights, Big Ideas, Impact, and More From the Africa Fintech Summit Lusaka 2023 appeared first on African Media Agency.

Source : African Media Agency (AMA)

AMA, Business

M-PESA and Chapa Enter into Partnership for M-PESA Services Integration

MaraviPost

ADDIS ABABA, Ethiopia, 6 December 2023 -/African Media Agency(AMA)/-Safaricom M-PESA Mobile Financial Services PLC and Chapa Financial Technologies Share Company have entered into a partnership agreement to provide M-PESA services for entrepreneurs, businesses, and government services on Chapa’s payment aggregator platform.  

The partnership aims to boost the ease of transactions for both merchants and M-PESA customers in the Ethiopian market.  

Through this agreement, merchants using Chapa’s payment gateway system can receive payments from Safaricom M-PESA customers. Simultaneously, M-PESA customers can make quick and secure payments to merchants on Chapa’s checkout. 

“Chapa is one of the rapidly growing payment system operators in Ethiopia and partnering with them complements our goal of making M-PESA available everywhere. The digitization process in Ethiopia has picked up momentum and such partnerships further enhance the ease with which people make their transactions,” stated Paul Kavavu, General Manager of Safaricom M-PESA Mobile Financial Services PLC. 

Chapa, on the other hand, sees this partnership as an opportunity to expand its customer base and provide a broader range of payment solutions to its merchants. Moreover, becoming a merchant with Chapa involves a streamlined, fully online onboarding process, ensuring ease and convenience every step of the way. 

“M-PESA has been received warmly here in Ethiopia as demonstrated by its onboarding of over a million customers in its first three months. Partnering with them allows merchants using our payment gateway to easily transact with this rapidly growing customer base. Therefore, the partnership helps both parties grow together while empowering entrepreneurs and businesses,” remarked Chapa’s Co-Founder and CEO, Nael Hailemariam.  

Safaricom M-PESA and Chapa are committed to providing efficient and accessible payment solutions to users. The partnership is expected to create more opportunities for customers of both M-PESA and Chapa, ultimately leading to a better customer experience and more significant progress towards financial inclusion.

Distributed by African Media Agency (AMA) on behalf of Chapa.

About M-PESA Safaricom 

Safaricom M-PESA Mobile Financial Services PLC, a subsidiary of Safaricom Ethiopia, received a Payment Instrument Issuer License from the National Bank of Ethiopia in May 2023 and went operational in August 2023. M-PESA provides quick and easy financial services to anyone with a mobile phone. You do not need a bank account to use M-PESA, just a Safaricom SIM card! 

About Chapa

Chapa is a leading payment solution provider dedicated to revolutionizing digital payments in Ethiopia. By offering seamless and secure payment experiences, Chapa empowers businesses and merchants to connect with their customers effortlessly. With a strong commitment to financial inclusion, Chapa is driving the transformation of Ethiopia’s digital economy.

Media Contact:

M-PESA Safaricom media contact

Tewedaj Eshetu

EHOD PR and Communications

Safaricom Ethiopia

+251799003381

Rediet Alemayehu

Content Creator and Media Manager

Chapa Financial Technologies S.C

rediet@Chapa.co

+251934103723

The post M-PESA and Chapa Enter into Partnership for M-PESA Services Integration appeared first on African Media Agency.

Source : African Media Agency (AMA)

Business, Malawi

CDEDI pens RBM on Mount Meru’s non-remittance of sugar export proceeds

Maravi Post Reporter

CDEDI to hold vigils for deliberation and passing of emergency Maize Bill

LILONGWE-(MaraviPost)-The country’s rights group, Centre for Democracy and Economic Development Initiatives (CDEDI) has written the Reserve Bank of Malawi (RBM) Governor Wilson Banda to act on Mount Meru Millers’ failure to account for proceeds from sugar export in Rwanda.

CDEDI’s action follows a Forensic Audit Report the Malawi government commissioned on Salima Sugar Company Limited (SSCL) which exposed Meru’s fiscal fraud

In a letter dated December 5, 2023, which The Maravi Post Post has seen, CDEDI wants RBM to act on the company.

“Right at the onset, CDEDI would like to draw your attention to pages 28 and 29 of the Forensic Audit Report the Malawi government commissioned on Salima Sugar Company Limited (SSCL) 5.1.7 under the sub-headline Malawi Kwacha Capital Contribution Repayments.

“The last paragraph on page 28 reads in part “SSCL supplied 1,500 MT of sugar inventory to Mount Meru Millers Limited and also provided an export clearance letter to the Malawi Revenue Authority (MRA) for Mount Meru Millers Limited to export 12,000 MT of Sugar,” reads part of CDEDI statement signed by its Executive Director Sylvester Namiwa.

Namiwa adds, “CDHIB did not issue any release order in favour of Mount Meru Millers Limited, implying that this sugar was delivered without the approval of CDHIB. Mount Meru Millers Limited sold SSCL sugar in Rwanda and no sale proceeds were declared to the Reserve Bank of Malawi.”

“Needless to remind you, Sir, that the economy is on its knees due to the acute scarcity of forex. It is, therefore, our expectation that matters of non-remittance of export proceeds ought to be treated with the seriousness they deserve”.

He demands, “CDEDI, therefore, is requesting your office to act on the aforementioned, and ensure that the said proceeds are recovered and that Malawians are informed of the same in line with both the Republican Constitution and the Access To Information (ATI) Act”.

Mount Meru Millers authorities are yet to respond on the matter.

Business, Malawi

Malawi’s 2023/2024 MK4.39tn revised fiscal plan passed in 2:30hrs

Dorica Mtenje

LILONGWE-(MaraviPost)-Members of Parliament (MPs) on Monday, December 4, 2023, passed Malawi’s 2023/2023 MK4.39 trillion revised budget in a day with 57 votes for 2:30 hours only.

Addressing the news conference after the passing of the budget, Minister of Finance, Simplex Chithyola Banda said the budget will focus on important issues affecting the nation.

Chithyola said the budget was quickly passed due to the confidence of the members in the current finance minister.

He said with the passing of the budget they will make sure that there is expenditure control.

The minister therefore applauded all sides of the house for passing the budget in a short time.

Democratic Progressive Party (DPP) Finance spokesperson, Ralph Jooma said the budget has been passed with proper scrutiny regardless of it being passed in a day

Jooma said MK500 million-plus to the budget has made the whole house agree with the budget.

The budget has been seen with some reduction in other ministries including Forest of which the minister highlighted that it’s in line with austerity measures.

Business

The Fashion of Gold: How Trends in Jewelry Impact Gold Trading Globally

Maravi Post Reporter 2 Comments

Gold, a timeless symbol of luxury and elegance, has been a centerpiece in the world of fashion for centuries. Its role extends beyond mere adornment; the trends in gold jewelry have a significant impact on global gold trading. This article explores how these fashion trends influence the gold market and provides insights for those looking to learn how to trade gold in this ever-evolving landscape.

The Historical Significance of Gold in Fashion

The fascination with gold jewelry can be traced back to ancient civilizations, where it was a symbol of status and power. Over the centuries, gold has remained a constant in the fashion world, with its appeal enduring across cultures and epochs. This historical continuity not only highlights gold’s aesthetic value but also underscores its sustained economic significance.

Contemporary Gold Jewelry Trends

In contemporary fashion, gold jewelry trends are a barometer for the health of the gold market. High demand for gold in jewelry making often leads to increased gold prices. Designers’ preferences, celebrity endorsements, and cultural influences play a substantial role in shaping these trends. For instance, a surge in popularity of gold in emerging fashion markets like China and India has a notable impact on global gold demand.

The Link Between Fashion and Gold Trading

The relationship between gold jewelry trends and gold trading is intricate. As fashion trends drive up demand for gold jewelry, this often translates to increased activity in the gold trading market. Seasonal variations in jewelry demand can lead to fluctuations in gold prices, making the understanding of these trends vital for those who want to learn how to trade gold effectively.

Gold Trading: A Market Influenced by Fashion

Gold trading takes place in various forms, including physical gold, gold futures, and gold ETFs (Exchange-Traded Funds). The influence of the fashion industry is evident in this market, as traders often monitor jewelry trends to anticipate price movements. Understanding the nuances of fashion’s impact on gold demand can give traders an edge in this competitive market.

Learning How to Trade Gold in a Fashion-Driven Market

For individuals looking to learn how to trade gold, it is essential to understand the market’s dynamics. This includes keeping an eye on fashion trends, global economic indicators, and geopolitical events that can influence gold prices. Successful gold trading requires a blend of market knowledge, technical analysis, and an appreciation of gold’s unique position at the intersection of finance and fashion.

The Global Economic Implications of Gold Fashion Trends

The influence of gold fashion trends extends beyond the trading floors and into the global economy. Regions renowned for their gold craftsmanship, such as Italy and India, often experience economic fluctuations corresponding with changing jewelry trends. Moreover, the gold mining industry, which is closely tied to the fashion sector, is significantly impacted by these trends. The demand for gold in jewelry can lead to increased mining activities, affecting economies in gold-rich countries. Understanding this broader economic context is crucial for those wanting to learn how to trade gold, as it offers insight into the supply-side dynamics that can influence gold prices worldwide.

Technology and Gold Trading

The advent of technology has revolutionized how gold trading is conducted. Online trading platforms have made it easier for traders to respond swiftly to market changes prompted by shifts in fashion trends. Furthermore, social media and digital marketing play a crucial role in spreading and amplifying jewelry trends, thereby influencing gold demand and trading.

Sustainability and Ethical Considerations in Gold Fashion

The growing emphasis on sustainability and ethical sourcing in the fashion industry also impacts gold trading. Ethically sourced and sustainably produced gold jewelry is becoming increasingly popular, influencing consumer preferences and, consequently, gold trading strategies. Traders must stay informed about these ethical considerations as they can significantly impact market dynamics.

 

The interplay between gold jewelry trends and global gold trading is a fascinating aspect of both the fashion and financial worlds. As trends in gold jewelry evolve, so does the landscape of gold trading. For those keen to learn how to trade gold, understanding the influence of fashion on gold demand is crucial. By staying attuned to both the glitz of the fashion world and the hard facts of the trading floor, traders can navigate this glittering market with greater acumen and success.

Business

NBS Bank engages SMEs for improved service delivery

Maravi Post Reporter

BLANTYRE-(MaraviPost)-Malawi Stock Exchange listed NBS Bank on Thursday organized a clinic for the Small and Medium Enterprise (SME) sector to transfer knowledge to each other and enable small businesses to participate in economic development successfully.

NBS Bank Deputy Chief Executive Officer Temwani Simwaka said such clinics enable the Bank to understand the SMEs better and service them to their needs.

“As NBS Bank we believe that the future of the country is dependent on the businesses coming through from the SMEs because for us to strengthen the industry base we need a lot more, and also these are the people who will be able to save us forex by producing products locally but at the same time create jobs that the country so much needs.”

“So, as NBS Bank, we believe in partnering with SMEs to grow their businesses but at the same time we also believe in creating a platform for the SMEs to network,” said Simwaka.

One of the speakers, Chief Executive Officer of Maestros Designs Charles Lipenga said many Malawians need access to loans but need some guidance and therefore making such clinics is important.

“This is something that Malawi needs especially with access to finance being a big challenge. NBS Bank is offering us a brilliant thing for the country and individuals. We rely on a lot of Malawians with small and medium enterprises that need access to loans but the challenge is that they need some guidance that’s why these clinics are important,” said Lipenga.

One of the participants, Honest Chirwa of Royal Medical Centre and Kateya Farms Limited in Rumphi, thanked NBS Bank for the initiative which he said gives room for entrepreneurs to learn from each other.

“In life not only in business, we learn from each other or somebody’s experience may teach you lessons whether it is failure or success. I believe failure is part of success as long as you keep moving,” said Chirwa.

Last year, NBS Bank Plc relaunched its SME offerings to cater to individuals who run small and medium businesses.

AMA, Business

MIPAD Opens Nominations for the Most Influential 100 Export and International Trade Edition in Support of African Continental Free Trade Area (AfCFTA)

MaraviPost

New York, USA, December 4, 2023-/African Media Agency(AMA)/-  Most Influential People of African Descent (MIPAD) is pleased to announce the commencement of nominations for the Most Influential 100 Export and International Trade Edition, dedicated to supporting the African Continental Free Trade Area (AfCFTA).

In alignment with the African Union’s proclamation of 2023 as the “Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation,” MIPAD will culminate the year by revealing the inaugural 23 Honorees in this special edition on Monday, January 1, 2024, coinciding with the annual celebration of the founding of the World Trade Organization (WTO).

In adherence to the first pillar of the International Decade for People of African Descent, MIPAD remains committed to recognizing individuals, organizations, and governments that have significantly contributed to the advancement of people of African descent globally.

Kamil Olufowobi, President & CEO of MIPAD, emphasized the global initiative’s dedication to showcasing positive contributions made by people of African descent worldwide. “We wholeheartedly support the vision for the creation of a single market for goods and services, facilitated by the movement of persons, to deepen the economic integration of the global African Diaspora with the African continent.” If Africa and its global Diaspora were a single economic block, we would be the largest market in the world, he added.

The list of leading personalities in the Export and International Trade sector includes:

  • Dr. Ngozi Okonjo-Iweala, Director General, World Trade Organization (Switzerland/Nigeria)
  • Dr. Benedict Okey Oramah, President, African Export–Import Bank (Afreximbank) (Egypt/Nigeria)
  • Kanayo Awani, Executive Vice President of the Intra-African Trade Bank (IATB) (Egypt/Nigeria)
  • Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat (Ghana/South Africa)
  • Kemi Badenoch, Secretary of State for Business and Trade (UK)
  • Enoh T. Ebong, Director, U.S. Trade and Development Agency (USA)
  • Adrian Padmore, Chairman, Export Barbados (Caribbean)
  • Ambassador Albert M. Muchanga, Commissioner for Trade and Industry of the African Union Commission

Nominate leading personalities in EXPORT & INTERNATIONAL TRADE today at bit.ly/MIPAD100TradeEdition. If you are a TRADE EXPERT, join the global conversation by connecting with us via WhatsApp https://chat.whatsapp.com/FG2VvH7GIt6AnOuYbT5cFF
Join the Celebration & Grand Finale
MIPAD eagerly anticipates hosting all Honorees, past and present, in New York City for Most Influential 100 Recognition Week 2024 (RW2024) from September 20th to 22nd, following the opening of the 79th United Nations General Assembly in New York City. #UNGA

As we approach the conclusion of the International Decade for People of African Descent (2015-2024), we warmly invite all honorees, totaling 2,000 recognized from 2015 to 2024, to join us in this significant grand finale during the Recognition Weekend 2024 following the opening of the 79th UN General Assembly in New York City.

For congratulatory ads, sponsorship, and speaking opportunities, please contact Jonathan at jonathan@mipad.org or call +44 7810 081699 or +1 (917) 541 8394 (New York).

Distributed by African Media Agency (AMA) on behalf of MIPAD

About Most Influential People of African Descent (MIPAD)

The Most Influential People of African Descent (MIPAD), is a global civil society initiative in support of the International Decade for People of African Descent, proclaimed by United Nation’s General Assembly resolution 68/237, to be observed from 2015 to 2024. MIPAD identifies high achievers of African descent in public and private sectors from all around the world as a progressive network of relevant actors to join together in the spirit of recognition, justice and development.

Follow us @MIPAD100 across all social media platforms for updates and visit blog.mipad.org to learn more about the honorees.

For media inquiries, please contact:

Diaspora (Charreah Jackson) media@mipad.org

Inside Africa (Dorcas Ndegwa) dorcas@mipad.org

For nominations and submissions, please contact:

Jonathan, Global Head of Research – jonathan@mipad.org        

The post MIPAD Opens Nominations for the Most Influential 100 Export and International Trade Edition in Support of African Continental Free Trade Area (AfCFTA) appeared first on African Media Agency.

Source : African Media Agency (AMA)