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Africa A land worth exploring

Africa Day 2015 is an opportunity to celebrate the development of the African continent as well as consider the various opportunities that it offers – DHL

Africa Day 2015 is an opportunity to celebrate the development of the African continent as well as consider the various opportunities that it offers. This is according to Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa (SSA), who not only believes that the continent offers vast opportunities but also that it is one of the last frontiers for economic growth and development.

Africa Day is the annual commemoration of the founding of the Africa Union (AU), and acts as a reminder of the continent’s rich culture, diversity as well as its resilience and the various developing economies on the continent.

Brewer explains that as DHL Express has been present in Africa for 37 years, the company has witnessed the turnaround from the ‘forgotten continent’ to ‘Africa Rising’, which has been an amazing and insightful experience.

“Despite the recent prediction by the World Bank  that economic growth in Sub-Saharan Africa will slow in 2015, the continent still remains relatively unexplored which indicates untapped opportunities in the region. We remain positive about Africa’s potential and believe that it’s time for the continent to focus on the opportunities, connect across the continent to leverage cross-border and global opportunities and grow as one.”

To meet the increased needs of the burgeoning middle class in the region, DHL Express has continued their aggressive expansion strategy in their efforts to make logistics more accessible. “With the rise of e-commerce, global markets are more attractive and accessible to individuals and local businesses, therefore we need to make sure that we are well positioned to cater to their needs. We currently have 3800 retail outlets across Sub Saharan Africa,” adds Brewer.

In the spirit of Africa Day, Brewer also points to one of the many projects conceptualised and implemented by DHL Express on the continent – DHL Africa as One – which highlights the company’s continuous commitment to investing in Africa.

“As part of this epic journey, a team from DHL, the official logistics partner of Rugby World Cup 2015, is driving across Africa in three Land Rover Discoveries, while capturing every step of the journey, every person, every place and every pass on film, in photographs and words, and then sharing this content with Africa and the world. Part of the journey includes passing a single rugby ball from hand to hand through 45 African countries, over 11 months, from Cape Town and ending in London in September 2015.

We have passed the half way mark and the team is currently in Niger, en route to Chad. The tour is not just about rugby, but about showcasing Africa to the rest of the world and making an impact on the continent. In addition to the rugby clinics that take place as part of the journey, we are distributing over 500 000 units of stationery to young children and providing free eye tests for thousands of people, through our partnership with Mercy Ships.”

More than ever, global companies are now looking to expand into Africa and invest in its diverse markets and people. “DHL is committed to play a continued role in developing the continent through its investments and initiatives aimed at connecting Africa to the world,” concludes Brewer.

Distributed by APO (African Press Organization) on behalf of Deutsche Post DHL.

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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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