In a time where industrialised countries set the path for everybody to follow, no country can afford to live on their own rhythm. If they do, they would be missing out on plenty of opportunities that globalized economy offers. Therefore opening to the rest of the world is becoming more and more necessary and that is something that African countries are very much aware of. It is with this in mind that 49 out of the 55 African countries signed the African Continental Free Trade Agreement (AfCFTA).
Talent2Africa partner of Afrobytes
Talent2Africa participates in the 4th edition of the MarketPlace Afrobytes. This edition will be held in Paris on May 15, 2019, at Station F, the largest startup campus in the world. Afrobytes is an African technology event that connects companies and technology leaders, founders, investors, but also fast-growing African startups.
Knowing how to create a recruiter brand
We belong to a world where the monopoly on recruitment is no longer detained by companies in Africa where the number of talents from the diaspora is increasing. With increasingly high levels of education…
Kenya – Nairobi, top business city in Africa
Nairobi is one of Africa’s top business places for opportunities related to technology and innovation. The Kenyan capital is full of prestigious companies and provides a socio-professional environment conducive to work and investment. Local…
Digital Economy – Why Africa Needs More Tech-Talents
With the new digital professions, the emergence of talents in the African Tech sector has boosted many fields of the local economy. Despite big challenges in the recruitment of “tech-specialists” for companies, the prospects…
Multinationals and jobs – Big brands in Africa looking for talents
Coca Cola, Nestlé, Accor Hotels, Vinci Construction, Rangold, Vivendi, QNB, Orange, Carrefour, Airtel etc., the list of world brands operating in Africa is long and diverse, as much by shareholders (European, American, Asian etc.)…
Being creative in an African company
Increasingly, in Africa, innovation and creativity are seen as key elements of a company’s sustainability. Increasingly, managers place importance on the organization and functioning of work. Being able to help a company distinguish itself…
Dakar, Paris and EU – A 14 M€ budget for funding Diaspora initiatives
Paris – Thursday, Oct 19th – The French Development Agency and the Senegalese government signed a convention worth more than 9 billion FCFA (€ 14 million) to co-finance, with the European Union, Senegalese diaspora initiatives in favor of development.
The French Development Agency, the European Union and the State of Senegal will co-finance during 4 years, Senegalese diaspora development initiatives, for more than 9 billion FCFA (€ 14 million). This four-year project aims to “enhance the technical and financial resources of the diaspora for the development of the home jurisdictions”. It builds on “a well-organized and active Senegalese diaspora in Europe and particularly in France, being an important source of external financing for Senegal (10% of GDP or 1.5 billion USD on average over the last years)”. The Senegalese Minister of Economy, Amadou Ba, spoke on this subject: “This co-financing will cover 150 development projects to meet the needs of the territories in agriculture, education, health sectors and even access to drinking water. It will serve as a financial backing for 300 companies and the deployment of services and financial tools necessary for their development, as well as at least 100 expert missions” The project will be implemented by the unit of the Support Program for Solidarity Initiatives for Development (PAISD) within the Direction of Technical Assistance (General Secretariat of the Presidency of the Republic of Senegal), the development and supervision Agency of SMEs (ADEPME) and the General Department of Senegalese Diaspora (DGSE). Previous projects (2006-2013) had mobilized € 6 million from the Senegalese diaspora in France.
The European Union is the first financial contributor to the project with a € 10 million grant under the European Union Emergency Trust Fund for Africa. This fund is an instrument set up by the European Union at the end of 2015 to help the most fragile African countries deeply affected by migration crises. The FDA general manager Rémy Rioux declared: “This project puts the new migration and governance skills transferred to FDA at the heart of the new mobility challenges that link Europe and Africa”. According to him, “the Agency acts in a balanced way to make migrations a factor of territorial development while fighting the causes of forced migration.”
The access to financial services in Africa
Anyone who knows about the development of the African economy,also knows about the development of banking facilities. According to Global Findex Database, 54% of all adults throughout the developing countries have a bank account, an increase of 13 points compared to 2011. Opening bank accounts in Banks or other financial institutions is becoming the norm.
The Moroccan top 3 companies growing in Africa
Trade between Morocco and other African countries has grown significantly over the last decade. In 2014, they totaled nearly 15.8 billion dirhams, against 6 billion in 2004, representing an average annual growth rate of…