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MONDAY | JUlY 14, 2014 Title Code: DELENG18579 • RNI NO: DELENG/2014/54666 • Postal Registration No.: DN/325/2014-2016 • VOL. 1 • NO. 27 • Page 12 • Price `10

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Let's Roll!!!A Vision of a Solidly United Senegal

MohAMed dionne nAMed new PriMe MiniSter of SenegAl

Senegal's President Macky Sall has named Mohammed Dionne as the country's new Prime Minister. Mahammed Boun Abdallah Dionne is conceived as a close kin of the Senegalese President

Macky Sall. IT specialist and economist, he was a Cabinet Director of Macky Sall then Prime Minister (2004-2007).

Beforehand he has functioned for the United Nations Industrial Development Organization and was a government minister in charge of implementing a multi-billion-dollar development plan in Senegal.

Mohamed Dionne, 54, is the third Prime Minister serving under President Macky Sall, after Toure and former banker Abdoul Mbaye.

Dionne said after meeting with the President that he has been

given a guideline that calls for swiftly getting to work. “The head of state has given me… a roadmap whose contents can

be wrapped up in two words: let’s roll,” Dionne told the press after meeting Sall.

“Let’s roll, so his vision of a solidly united Senegal becomes a reality under the rule of law.” Dionne underlined development in agriculture and security as tops on his outline.

"The head of state gave me and government of the Republic a roadmap that can be broken down into few words... get to work," Dionne said.

Dionne's selection is expected to open the way for the government

The MosT DynaMic counTry in africa:MozaMbique

a Place of sPecTacular naTural exquisiTeness: Malawi

sustainable development is my government’s priority

a Growth oriented

budget 2014-15

Ghana Gears uP for GlasGow coMMonwealTh GaMes

WassupafRica02The much awaited Union Budget 2014-15

AfDB pushes its Green Bonds: New projects, principles and products

Prime Minister of India Narendra Modi has encountered the major exam

of his reform credentials, when his fresh-faced government presents its first budget.

Modi, 63, with an overwhelming election victory in May and with an assurance to lift growth and create jobs for the 1 million people who enter India's workforce every month. No doubt, Finance Minister Arun Jaitley's maiden budget has lived up to BJP's assurance of leading to Achhe Din (Good Days).

However the Finance Minister attempted to give relief to the individual taxpayers in what his party labelled a ''growth-oriented budget'', he though stopped short of coming up to the concerns regarding other sectors, which were enthusiastically expecting some relief.

"I propose not to make any changes in the tax rate. However, with the view to provide relief to small and marginal and senior citizen, I propose to increase the personal income tax exemption limit by Rs 50,000 from Rs 2 lakh to Rs 2.50 lakh in case of all individual tax payer who are below the age of 60 years," the Finance Minister said while bestowing budget for 2014-15 in Parliament.

The most imperative declarations made by the Finance Minister are as follows: Salaried Class

Raising Income tax exemption limit: Although the slab of tax free income has not enthused up in line with real inflation, Arun Jaitley's notice on taxation has carried some sort of respite to the individual tax payers as it will upsurge the purchasing power of individuals and arouse demand.

The personal income-tax exemption limit has been raised

Green growth is a corporate priority of the Bank that it achieves through the financing of eligible climate change mitigation and adaptation projects. AfDB Green Bonds – rated Aaa/AAA/AAA – help the Bank reach that goal.

Proceeds raised through the sale of AfDB Green Bonds are allocated to a sub-portfolio within the Treasury’s liquidity portfolio until they are disbursed to eligible green projects. To date, outstanding AfDB Green Bonds (including green-themed uridashi bonds sold to Japanese investors) amount to US$ 993 million against a total eligible project pipeline of US$ 1.6 billion.

Examples of eligible mitigation and adaptation projects include: renewable energy generation; energy efficiency; vehicle energy efficiency, fleet retrofit or urban transport modal change; biosphere conservation; solid waste management; fugitive emissions and carbon capture; urban development; water supply and access; and low carbon transport.

For the Bank’s Green Bond portfolio, a specific set of guidelines have been set up and outlined in the Bank’s Green Bond Framework.

Zimbabwe prepares for SADC Summit

By Kizito SikukaThe 34TH Summit of the Southern African Development Community (SADC) will be held in August in Zimbabwe.

The theme for the summit set for Victoria Fall, Zimbabwe is “SADC Strategy for Economic Transformation: Leveraging the Region’s Diverse Resources for Sustainable Economic and Social Development.”

As per the tradition, the host President, Robert Mugabe of Zimbabwe will assume the SADC chair from his Malawian counterpart Peter Mutharika.

Malawi hosted the last SADC Summit in August 2013 in Lilongwe, Malawi.

The summit is expected to deliberate on a wide range of regional issues including infrastructure development and the general socio-economic situation in southern Africa.

Infrastructure development has been identified as a priority area of development in the region.

This is because a thriving economy

depends on the existence of an efficient, seamless and cost-effective trans-boundary infrastructure network.

As such, the region has come up with a number of cross-border infrastructure projects for implementation for the next few years.

The projects cover the key sectors of energy, transport, tourism, water, information communication technology and meteorology.

Since the summit is being held in the “Year of Agriculture and Food Security,” as declared by the African Union, discussion would also focus on ways to improve production in the region.

Southern Africa possesses all the necessary inputs for a flourishing farming region as the region is endowed with fertile soils, a favourable climate and affluent water basins.

However, inadequate funding, poor rural infrastructure and neglected agricultural research have seen the region experience some challenges in fully exploiting its potential to increase food and agricultural production.

Other main issues for the summit include the possible adoption of the Regional Indicative Strategic Development Plan (RISDP) – a 15-year blueprint for regional development and integration, as well as the general political situation in the region.

All the 15 SADC Member States will attend the annual summit.

Countries that make up SADC are Angola, Botswana, the Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, the United Republic of Tanzania, Zambia and Zimbabwe.

by Rs 50,000/- that is, from Rs 2 lakh to Rs 2.5 lakh in the case of individual taxpayers, below the age of 60 years.

Exemption limit elevated from Rs 2.5 lakh to Rs 3 lakh in the case of senior citizens. On the other hand there is no change in the rate of surcharge either for the corporates or the individuals, HUFs, firms etc.

Raising tax exemption under 80C: Investment limit under Section 80C of the Income-Tax Act has also been raised from Rs 1 lakh to Rs 1.5 lakh which will embolden savings to some extent.

Public Provident Fund (PPF): In added relief to the depositors, the Finance Minister has raised Public Provident Fund (PPF) deposit limit from Rs 1 lakh to Rs 1.5 lakh per annum.

Hiking the cap on interest on home loan: The realty sector, which has been under compression for quite some time, has now been given a rest by the Finance Minister. To incentivize investments into the sector, the deduction limit on account of interest on loan in respect of self-occupied house property has been elevated from Rs 1.5 lakh to Rs 2 lakh. Small entrepreneurs

To boost small entrepreneurs, an Investment allowance at the rate of 15 percent to a manufacturing

company that invests more than Rs 25 crore in any year in new plant and machinery has been declared. The profit will be accessible for three years i.e. for investments upto 31.03.2017.

Investment allowance to manufacturing company investing more than Rs.100 crore announced last year will continue till 31.03.2015.Women and senior citizens

Finance Minister's budget announcement had nothing precisely for women. Previously, women earning upto Rs 2 lakhs were exempted from paying tax. There was extensive expectation that the limit would be hiked by a minimum of Rs 50,000 over and above the general category exemption limit.

As of now, senior citizens earning upto Rs 2,50,000 did not come under the tax bracket. Income tax exemption limit for senior citizen has now been raised to Rs. 3 lakh.Housewives

For long, housewives have been economizing on their kitchen outlays, owing to excessive prices of needed items, but the NDA government's announcement on packaged/processed food products and edible oil will certainly give some breather to them.

Projects must meet the following criteria:• Be eligible for financing under

the African Development Bank only (projects eligible for financing under the African Development Fund and Nigerian Trust Fund will be excluded);

• Have financing by the Bank that can be qualified in full as promoting either low-carbon or climate-resilient development (projects whose financing by the Bank can be qualified only partially as promoting either low-carbon or climate resilient development will be excluded);

• Lead to significant accumulated greenhouse gas emissions reductions over the lifetime of the asset.13 projects in seven countries

were eligible for financing under the Green Bond program.

Recent developments The Xina Solar One Project

(US$ 100 million) in South Africa was deemed eligible under the Green Bond framework.

In June 2014, the AfDB agreed to adhere to the Green Bond Principles, a set of voluntary guidelines that recommend transparency and disclosure. The principals also promote integrity in the development of the green bond market by clarifying the approach for issuing bonds. A group of global financial institutions launched the Green Bond Principles, and issuers, investors and environmental groups provided guidance for developing them.

AfDB

Arun jaitley, Finance Minister of India

MONDAY | JUlY 14, 2014

WassupafRica 03

The 10th edition of the map boasts of a cover with the slogan “Two steps from

Heaven,” which illustrates the concept of Seychelles being

“Paradise on Earth” and which will definitely lure potential visitors to quickly make their way towards these tropical islands.

This map once again provides accurate and recent details of all the most important places on Mahe, Praslin, and La Digue and all their satellite islands.

It has the usual Help Card with all the emergency numbers in Seychelles, and also where

Rwanda looks to Singapore for business partnerships

To book your

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economic reform plan that included an audit of the government payroll and the removal of almost 60 state agencies seen as too costly. The economy will possibly enlarge 4.9 percent this year, from 3.5 percent in 2013, the International Monetary Fund.

Senegalese President Macky Sall dismissed Prime Minister Aminata Toure after 10 months

in office subsequent to municipal elections recently in the country. Toure, appointed in September as the West African nation’s second female Prime Minister, was removed from the position with immediate effect, the president’s office said in an e-mailed statement.

It didn’t give ground for the conclusion.

Seychelles in Your Pocket

to accelerate the reform process and endeavor to generate more jobs ahead of elections set for 2017.

Dionne and his team will thus have to work so that the spirit that the Head of State carries for its youth concerning job creation can be applied by the national and international private sector.

“Get at work so that the Act III of the decentralization to become one of the major reforms in order to allow Senegal to become a new territorial governance, a well-

balanced territorial development. Get at work so that peace reigns in this country, safety and rule of law”, pointed the new Prime Minister.

Let us remind that Mahammed Boun Abdallah Dionne exhibited his talent in the IBM Company before becoming an executive of the Central Bank of West African States (BCEAO). He was also worked in the diplomatic world as an Economic Office Manager of the Senegal Embassy in Paris.

Sall has promised to lift growth and create jobs by forcing an

FRoM page 01

the visitor can insert all his/her personal details, including his/her blood group, allergies, and any other medical conditions.

150,000 copies of the map have been produced, and these are distributed free of charge both locally and abroad. The tourist guide book, which is its 22nd edition, also has an extraordinary cover, with a similar concept of escaping to a remote, peaceful island away from the turmoil of the outside troubled world.

The cover illustrates a potential visitor, who is dreaming of a tropical island in the sun, where he

can completely forget all his daily woes. These paradise islands are, of course, no other than Seychelles. It provides all the most recent and updated information, lavishly illustrated, including detailed maps for visitors, tourists, and even for residents, on all aspects of the Seychelles' history, art and culture, tourism industry, economy, and investment possibilities, among others.

The small book, which can be easily carried in one's pocket, is ideal for anyone wanting any information at all, including accurate contacts and locations, and on anything they want to do, any-where in Seychelles, from taking a taxi, to booking an excursion, from going out to eat in a restaurant, to finding a petrol station to refuel one's car.

The book is available in two versions, Italian/English and French/German at the Antik Colony shop at the Pirates Arms arcade and also at local book shops, hotel boutiques, and duty-free shops.

The map and guide book are indispensable tools for all visitors to the Seychelles to have in their pockets, so that they are very well-informed at all times, thus optimizing their most precious holiday time!

Eturbo News

Rwanda will be looking forward to promote its exports during the Africa-Singapore business forum next month.

Rwanda will take advantage of the forthcoming Africa Singapore Business Forum to foster trade partnerships with Singapore investors.The country has been invited to take part in a one-day meeting due to take place on August 27 in Singapore, Geoffrey Kamanzi, the Private Sector Federation (PSF) head of trade negotiations and facilitation, has said.

Kamanzi said the meeting aims at sharpening dialogue skills and will deliver first hand insights from practitioners in Africa and Asia. It is being organised by the International Enterprise Singapore.The forum will also recognise the intense global competition for Africa and Rwanda in particular and the growing influence of private sector, Kamanzi added.

Sources at the Private Sector Federation indicated that both countries are expected to sign trade deals to facilitate bilateral trade.

Investors from Rwanda will also use the platform to network and share best business practices with their counterparts from the Singapore Business Federation.

“We are mobilising our members, especially from agri –business industry, food processing, transport and logistics, oil and gas, mining, retail business and manufacturing to take part in the business forum and share their experience with

international firms,” Kamanzi told Business Times.

Investors from Singapore, including Vector Scorecard, a renowned small-and-medium software and applications developer, have already expressed interest in investing in the country, the Rwanda High Commission in Singapore, said in a statement.“They have made a detailed presentation to me on how they think they can support in SME development in Rwanda. They wanted either private sector or Rwanda Development Board to front their initiative in Rwanda. We, therefore, look forward to the Rwandan team that will be in Singapore to discuss this initiative further,” said Lukas Murenzi, the in charge of the commercial section at the Rwandan High Commission in Singapore.

Co-operation between Rwanda and Singapore has focused more on public sector capacity building for the last few years.

The business forum could be a gateway for the private sector to strengthen the commercial aspect of bilateral relationships that exist between the two countries.

The Rwandan high commission in Singapore has organised three days of business to business meetings besides the conference for Rwanda delegation and investors from Singapore which could result into business joint ventures between the two sides.

New Times

President of Senegal, Macky sall with Prime Minister of Senegal, Mahammed Boun Abdallah Dionne

mONDAY | JUlY 14, 2014

Mozambique is a country in Southeast Africa encircled by the Indian

Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Swaziland and South Africa to the southwest. It is detached from Madagascar by the Mozambique Channel to the east.

Mozambique is gifted with rich and extensive natural resources. The country's economy is based largely on agriculture, but industry, mainly food and beverages, chemical manufacturing, aluminum and petroleum production, is growing. The country's tourism sector is also growing. South Africa is Mozambique's main trading partner and source of foreign direct investment. Mozambique is a member of the African Union, Commonwealth of Nations, the Community of Portuguese Language Countries, the Latin Union, Organization of Islamic Cooperation and Southern African Development Community and an observer at La Francophonie.

Flourishing EconomyMozambique's economy

continued to be one of the most vibrant on the continent in 2013, with a 7% rate of real gross domestic product (GDP) growth. The key drivers of growth are foreign direct investment (FDI), dedicated mostly on the extractive sector, and growing public expenditure. The fastest growing sectors in 2013 were the extractive sector, driven by a boost in coal exports, and the financial sector powered by credit

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expansion and amplified income, mostly positioned on urban areas.

Other dynamic sectors are construction, services, and transport and communication, generally connected with infrastructure development and very large-scale projects, known in Mozambique as mega-projects. The agriculture sector, employing 70% of the population, lacks the same economic dynamism, although it is growing at above 4%. Assuming a stable political environment, forecasts are positive for 2014 and 2015, with growth forecast to remain above 8%, supported by increased coal production, continued public investment and the forecast start of the introductory work for the multi-billion dollar liquefied natural gas (LNG) plant.

The country economic latent for enticing investment in agro-industry, agriculture, tourism, fishing and mining is massive. Projects such as Mozal, the Cahora Bassa Dam, Railway and Port Corridors and Tourism Facilities throughout the country have been adding meaningfully in placing Mozambique in the course of major regional and international investments.

MozaMbique aT a GLaNCe

Country Official Name: Republic of MozambiqueHead of State: President of the Republic, H.E. Mr. Armando Emílio GuebuzaCapital: MaputoDate of Independence: June 25, 1975Religions: Christian, Islam and othersGovernment: Unitary Presidential Constitutional Republic Total Area: 799.380 sq kmGDP: USD 15.355 BillionInflation Rate: 2.1%Population: 23.4 MillionLanguage: PortugueseExport Items: Aluminum, Prawns, Cashews, Cotton, Sugar, Citrus, Timber, Bulk ElectricityImport items: Machinery and Equipment, Vehicles, Fuel, Chemicals, Metal Products, Food Stuffs, TextilesClimate: Tropical to sub-tropical climate, with annual average temperature of 25ºC, and ample rainfall 6cm – 16cm, fertile soils.Main Economic Sectors: Agriculture & Agro Industry, Transport & Communication, Mineral Resources & Energy, Infrastructure & Construction, Tourism & Hospitality.Time Zone: CAT or (UTC+2)Currency: Mozambican Metical (MZN)Exports:$3.469 billionImports:$6.167 billion

Agriculture/ Agro processing Sector

Agriculture is one of the crucial sectors of Mozambique’s economy. Its latent is high mostly in the fertile northern regions. The significant cash crops in Mozambique include sugar, tobacco copra, cashew nuts, tea and cotton. The government heartens farmers to produce industrially convertible crops, such as jatropha and cane to be used in biodiesel. Several companies are by this time implementing such projects. The production of cereals and seeds are currently a top priority in the country. Food processing and nutrition constitute a vigorous challenge for the agricultural sector in Mozambique.

Fisheries Sector

Mozambique is a country with countless fishing potentialities, derived from its coastal location, with a length of 2.750 kilometers and 200 miles off the coast of Exclusive Economic Zone (EEZ) constituting 586,000 km of surface of ocean water masses, having a diversity of fishery resources. A great area of opportunity is the formation of processing industry. Additionally, there are few aquaculture firms, which have the potential of generating great revenues.

Industrial fishing and semi-industrial are the sub-sectors

involved in commercial fishing activities, whose production is mostly for the export market. Though, it is vital to note that the development strategy for the sub-sector of Artisanal Fisheries and Aquaculture targets to increase production in these subsectors and create devices to add value to these products so that they access the international market as well as expand supply to the internal market, contributing to food security and nutrition of populations and improved living conditions.

Industry/ Manufacture Sector

The Major industrial units are located in the main corridors of Mozambique: Maputo, Beira and Nacala. In the last 10 years, a total of 130 new small and

medium-sized units opened in the whole country, providing 125,000 jobs, mostly in the sectors of agro-industry, engineering and furniture. The textile and clothing sectors are a primacy in government’s strategy in the creation of work opportunities.

The government is inspiring the companies to use the cotton produced locally to manufacture fabric. Under the same strategy, industries that settle in Mozambique obtain a full exemption from paying company taxation (IRPC) for 10 years and 50% in the subsequent 5 years.

Mining SectorThe mining sector of

Mozambique holds great latent. The country is a foremost electricity producer and an exporter of coal. Numerous foreign companies which hold exploration licenses for oil and gas and minerals, such as titanium, uranium and gold, are searching in the mineral-rich Tete and Sofala provinces.

Mozambique attracts part of the FDI inflows into Africa for the following reasons:

1. Political stability and the confidence of foreign investors in the country’s governance system.

2. The existence not only of a national market but also of a regional (SADC) and international market (Mozambique is a member of the WTO and of other multilateral organizations and countries with which it trades)

3. The accessibility of resources, both natural and human, in addition to the relative abundance of the factor “land”.

4. The evidently defined macroeconomic policies that have backed to the auspicious economic growth of recent years.

MozambiqueThe MosT DynaMic counTry in africa

MONDAY | JUlY 14, 2014

Vodafone Ghana has appointed Agnes Emefa Essah as its new Chief Marketing Officer

effective 2nd July, 2014. She replaces Uche Ofodile.

In her new role, Agnes will be responsible for the delivery of innovative products and exciting campaigns that will enhance Vodafone's brand value and increase its market share.

Before joining Vodafone, Agnes was the Marketing and Innovation Director at Guinness Ghana Breweries Limited, a subsidiary of Diageo Plc, where she was responsible for business strategy, innovation and brand building.

Under her leadership, Guinness Ghana introduced a number of exciting campaigns and pioneering products. Agnes also held various leadership positions in Ghana, the United Kingdom and Namibia while serving with Diageo and was a member of the Board of Directors of Guinness Ghana Breweries Ltd.

Commenting on her appointment, the Chief Executive Officer (CEO) of Vodafone Ghana, Haris Broumidis said: 'Agnes

BusinessBuzz 05Vodafone Gets new cMo Entrepreneurs tipped on

business laws

The ease of doing business in Rwanda could further improve thanks to

the ongoing business laws awareness campaign by Rwanda Development Board.

The on going campaign seeks to boost and create awareness on some of the country’s most important business laws such as the company act, intellectual property, mortgage law, insolvency law, trademarks and the law governing intellectual property.

The move is expected to further improve the ease of doing business in the country, enhance efficiency on how businesses are managed and spur growth of the small and medium enterprises, Dr. Eliable Muhawenimana, the Investment Climate facility for Africa project coordinator at Rwanda Development Board said.

The country wide exercise due to end this month has already benefited business chief executives and entrepreneurs across the country and is expected to continue in the districts of Huye, Kigali, Gisagara, Nyarugugu and Nyamagabe and many others

across the country by the end of the month.

“The idea is to drive total compliance, giving entrepreneurs skills that will keep their businesses afloat which enhance effective business management systems. We are telling those innovative entrepreneurs to know that it’s important to register their intellectual property,” Tony Omara, the Managing Director, Brand Revolution, a communication and consultancy firm tusked to conduct this campaign across the country told The New Times.

The World Bank doing business report 2014 ranked the country’s business environment second best in Africa and 32nd globally.

The report was based on the ease of doing business and the number of business reforms conducted in the country over the period of twelve months.

A welcome move Ruth Umurerwa, a retail

business operator in Rubavu district said that equipping business operators with basic knowledge on laws that govern their day to day life experience will contribute to general economic transformation across the country.

“Its very important, because this is our daily life, therefore understanding how we can take advantage of the laws is an economic gain for every one along the value chain.”

New Times

brings an impressive depth of marketing experience and we are pleased to have her join us. Her invaluable skills will be beneficial to Vodafone as we continue to lead innovation in the industry and provide Ghanaians with the best telecommunications products and service.'

Over the last two decades, Agnes has managed top brands including Guinness, Malta Guinness, Alvaro, and Premium Spirits including Johnnie Walker, Baileys, Ciroc, as well as Smirnoff Ice, Heineken, and Mobitel, now Tigo. She has a management style that produced an outstanding achievement in the field of marketing and innovation.

Agnes was awarded 'Marketing Practitioner of the year 2012' by the Chartered Institute of Marketing Ghana (CIMG) for her marketing excellence and leadership.

The new Vodafone CMO holds a Masters in Business Administration from the University of Ghana Business School and a Bachelor of Arts degree from the University of Ghana.

AfDB

After having visited the Praslin business community and heard their many concerns, the Chairman of the Seychelles Chamber of Commerce said he was pleased to hear this week of the launching of the Praslin Culinary and Arts Fiesta to be organised by the Ministry of Tourism and Culture. The fiesta which is due to take place from the 5th to the 7th of September 2014 has been well received by the chamber and its members especially those operating on Praslin.

“This event comes at a fitting time, when the Praslin business community are appealing to the Government to listen to their many concerns they have expressed which are affecting their business operations, of which one of it were the fact that they are not benefitting from the tourism as much as the business from Mahe given their many challenges.” Says Mr. Marco Francis, Chairman of the Seychelles Chamber of commerce and industry.

Mr. Francis explained that the SCCI members from Praslin, especially those in the hospitality business are commending the ministry of Tourism and Culture for such initiative and expressed their support in making the first one a success.

It is the first time that Seychelles will be using its coco-de-mer nut in an innovative way to entice visitors on the island. This event will put the island of Praslin in the forefront. For this reason the private sector from Praslin has pledged their support towards the event as they believed it will help to bring the much needed visibility for the island and hopefully help raise the profile of Praslin to what it used to be once upon a time.

SCCI

SCCI commends the organisers of the new Praslin Culinary and Art fiesta for Their Initiative

mONDAY | JUlY 14, 2014

The Board of Governors of the African Development Bank Group (AfDB) through its private window has approved a US $9 million

line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.

Moza Banco S.A. is one of Mozambique’s fastest-growing financial institutions with strong focus on SMEs. Moza Banco is actively present in almost all of Mozambique’s 11 provinces with business including (i) corporate, (ii) SMEs and (iii) retail.

The LOC will upkeep SME sub-projects and these are well- branched out spanning all economic sectors counting manufacturing, commerce/trade, services, tourism, construction, agriculture and transport, etc.

Small and Medium sized Enterprises (SMEs) are indispensable to budding African employment and GDP. No doubt, SMEs are the best candidates to attain inclusive growth in Africa as they contribute notably to income generation and job creation. Small scale industry typically makes a large contribution to manufacturing employment in developing countries and the approaches of developing small scale industries include building skills and promoting technological development for fast and improved operation, which India is ready to share with the African continent.

Furthermore, concentration in SME’s also seems to have been further revitalized in the face of globalization, which is progressively becoming a commanding force in world trade because of their suppleness and quick flexibility to change. As Africa moves towards more rapid industrialization, there is a growing recognition that SME offer significant avenues for supporting industrialization and generating employment.

Development of SMEs in Africa would widely held rewards in income growth, entrepreneurial training, creation of technological capabilities, greater flexibility for changing market circumstances and job creation.

At present, Africa presents a unique business environment offering both challenges and opportunities. Indian companies with its deep industry knowledge and expertise can equip the targeted people with the skills and the insights that will enable them operate their business more strategically and profitably in Africa. It will further furnish them with the traits of successful entrepreneurs. Africa can then prosper with knowledge, skills, insight and ideas.

In high-income countries, SMEs signify a high share of economic activity, a large share of employment, and carry informal business activity into the formal economy. Hitherto, a severe lack of financing is limiting the ability of African SMEs to cultivate and attain pace.

Present estimations put the SME finance gap at $80bn across Africa. A big trouble to be sure, but it is tough to visualise another economic development

‘problem’ that offers such a striking commercial return to those who can deliver a solution.

The major populace in Africa which lives in the rural areas is also being commissioned by banks & financial institutions by making finance accessible to those micro entrepreneurs in assisting them start their

fRaNkLY sPeaKinG06

MileS SaMPa Deputy Minister, Zambian Commerce, Trade and Industry

laUrenT Serge eTOUnDiSME Minister,Cameroon

By kirit soBti, editor, iateditor@indoafricatimes.com

Zambia is booming and mostly through its SMEs, but in the recent past the scenario of this was witnessed to be deteriorating. But, Zambians have recently got the new air of relief as the small and medium enterprises in Zambia are to profit from a new source of financing. South Africa’s micro financier, Business Partners International (BPI) established in 2004 as a subsidiary of Business Partners Limited launched a branch in the African nation and have set aside US$10 million for loans to small and medium enterprises.

During the launch, BPI Africa’s Managing Director, Nazeem Martin asserted, “The organisation has put up US$30 million under the BPI southern Africa SME Fund to Malawi, Namibia and Zambia.” He added, “We are launching the Zambia office subsequent to our Namibia office launch last week and hopefully we will be able to takeoff the Malawi office next month. The US$30 million investment fund for these countries is coming with a parallel to US$1 million as technical assistance facility.” Worth mentioning, the technical investors comprise of International Finance Corporation, the African Development Bank, Stichting DOEN and FMO of Netherlands, Propacro of France and Business Partners.

In the same vein, the Zambian Commerce, Trade and Industry Deputy Minister Miles Sampa also urged that the SMEs in Zambia needs to increase their performance in regard to safeguard quality and benefit from the funding. He also quoted that the upcoming BPI Zambia, SMEs should take benefit of the regional trust fund and access these funds available with a pay-back term of five to ten years. The organization has been set up in Malawi, Kenya, Rwanda, Namibia, and Zambia.

own business. Banks, Financial Institutions, Private Equity Firms and NGOs across Africa are heartening entrepreneurs to come up with pioneering business ideas and discover opportunities in introducing a business startup. With reference to various financing initiatives, African Development Bank delivers guarantees to SME’s projects.

While this may appear to be a frightening challenge, the possibility of the problem may be more controllable than it first appears. The key to unravelling the funding gap is to comprehend its key drivers and then implement targeted solutions for this discrete, but attractive market.

Banks say that SMEs need to be much tighter in their management and financial functions, and they need to be more informed about the loan application process. And SMEs in many areas do not seem to fully hold the scope of the challenge.

According to SMEs, bank lending practices need upgrading too, in areas like lower interest rates and longer loan terms. They conceive that many bank credit staff are not well-versed in how business cycles impact cash flow, that collateral requirements can be scary, and that banks do not take time to appreciate the single challenges of individual businesses.

Once we classify key grounds of the funding gap, solutions seem within reach as long as both sides come together in a deliberate effort to fix the problem. A critical first step is to unlock commercial debt from Africa’s own banks, by prioritizing SME finance and launching targeted initiatives “down market” that engage this sector. Though we may also need new models of financial institutions specifically focused on this segment—e.g., more resources for underfunded microfinance banks so they can go

“up-market” to close the funding gap. Insurers also need to get involved: educating

business owners, providing assistance in obtaining insurance, and designing policies for this market that shore up coverage gaps and help businesses qualify for credit. Accounting and auditing firms should also be throwing custom-made and reasonable service offerings to this segment, to help SMEs meet banks’ necessities for formalized financial functions.

In the nutshell we can say that the role of SME’s is without doubt the foundation for the growth and expansion of Africa and should be undertaken in partnership with African governments, international donors, private sectors and the Diaspora itself. They cannot work in isolation of each other and as such all have a mutual role to play in the sustained economic reform and transformation of Africa. This sector is ideally suited to build on the strengths of the traditional skills and knowledge, by infusion of technologies, capital and innovative marketing practices. Small and Medium Enterprises today constitute a very important segment of the African economy. It has emerged as a dynamic and vibrant sector. With the help from India this sector of Africa can achieve a wide measure of industrial growth and diversification.

The role that SMEs play in our economy cannot be overlooked. They are a major contributor to development and I urge them to step up their gear to start thinking big so that they can become recognised in Africa.

Today, the role of SMEs in enhancing economic growth is acknowledged worldwide. In emerging countries, SMEs are very competitive. Governments therefore intensify efforts like the creation of this bank to render the SMEs more performance and competitiveness but this must be accompanied by well-defined rules.

iS lack Of financing liMiTing The caPaBiliTY Of african SMeS TO grOw?

With reference to various financing initiatives, African Development Bank delivers guarantees to SME’s projects.

US$10million to Finance Zambian SMEs

MONDAY | JUlY 14, 2014

tRaVeL&touRism 07

Here tourists will discover the African Great Lake of Lake Malawi in the Great Rift Valley system, projected to be

between 40,000 and two million years old. It is the third largest and second deepest lake in Africa and occupies a fifth of Malawi with its vibrant tropical waters pouring with more fish species than any other lake on Earth.

Adjoining the lake is Lake Malawi National

Park, the world’s first freshwater national park and a World Heritage Site. Innumerable thousands of freshwater fish, the mbuna, are more lavish and diverse here than anywhere else in the world. Boats can be rented and the fish feed right from one’s hand.

Away from the lake, there are baboons, antelope, and hyrax, as well as almighty birdlife, and the lake this extends boundless opportunities for sporting activities like kayaking, snorkeling, and scuba-diving. The lake encompasses a number of small islands, all located in “Areas of Outstanding Natural Beauty,” and even though well-preserved in their natural state, some of them have been settled for eco-tourism.

Malawi’s largest park, Nyika National Park, has got to be one of the most outstanding destinations in Africa. It is a heaven of flowers, counting ground orchids, proteas, irises, and is home to vast herds of eland, the largest of the antelope. Horseback safaris are untaken here, and there is no ecstasy like that of riding

MalawiA Place of Spectacular Natural Exquisiteness

» Malawi is known as “The Warm heart of africa”.

» Lake Malawi is the ninth largest lake in the world.

» Malawi is a Twitcher’s paradise.

» Malawi is about half the size of the united Kingdom and one fifth is covered by Lake Malawi.

» ‘Matolas’ (single-cab pick-up trucks) are the main modes of public transport in Malawi.

through a ruck of zebra or roan antelope. The eastern edge of the plateau takes

form of the wall of the Great Rift Valley where visitors could hire a mountain bike or hike all the way down to Livingstonia, which is the best way to apprise Nyika’s scale without overlooking its delicate detail. Positioned within a cluster of timbered hills high up against the plateau of central Malawi is the richest concentration of Chongoni rock art in Central Africa. This tradition of farmer rock art, as well as paintings by BaTwa hunter-gatherers who occupied the area from the late Stone Age can be found in where Chewa agriculturalists’ ancestors lived here from the late Iron Age and practiced rock painting well into the 20th century.

Resting east of Blantyre are the unembellished rock flanks of the mountain tower known as Mount Mulanje. There is a great deal of wildlife, from the klipspringer a tiny antelope to various other small mammals and, of course, a large variety of birds. Visitors can drive around the entire foot of the mountain in a day or experience it more closely by climbing and camping on the slopes, taking moderately gentle walks or attempting some more demanding climbs. Camping equipment and the services of a guide can also be hired.

Lake Malawi

Nyika National Park

Rift Valley

mONDAY | JUlY 14, 2014

taLkiNGtecHnoLoGy08

By Shalish Kumar

Often when potential importers are duly satisfied with the product,

quality, sample sent for approval or lab analysis, packing, delivery schedule and prices acceptable. They request for a firm offer from the exporters.

What do most exporters provide their prospective buyers? Offer quotation indicating price, quantity and cost of transportation? Other terms like, Mode of payment, product availability, shipping instructions and service charges? Terms of sale, description and delivery time?

Yes, but this is not enough information for importers to make a buying decision. To make life easier for buyers, exporters should always quote using a carefully prepared Performa invoice.

It is a common for most exporters to provide their buyers with limited information when asked for a quotation. This lack of details and accurate information by exporters is probably a major factor why products with good quality and competitive prices do not get sold.

Whether you are the exporter or the importer, it is quite critical that you understand how successful exporters quote buyers using pro forma invoice. You should be able to clearly distinguish the differences between quotation, Performa invoice and commercial invoice. The following brief descriptions are intended to help you understand their differences and to provide you with all the items that you should include in a Performa invoice plus the areas that you have to consider when completing a commercial invoice.

QuotationsA worksheet for calculating

export costs to sell goods or services at a stated price and under specific conditions, the quotation is generally presented to the buyer in a formal way using a Performa invoice. A quotation may include all the contents that appear in a typical pro forma invoice except:-(1) Country of origin of product

and(2) the title Performa invoice.

Performa InvoiceA price quotation prepared

in the form of an invoice, a Performa invoice, is different from commercial invoices. It is used to create a sale and is sent in advance of the commercial invoice. The content of a Performa invoice is almost identical to a commercial invoice and is usually considered a binding agreement although the price might change in advance of the final sale.

For establishment of LC or for advance payment by the importer through his bank, usually banks

prefer Performa invoice to a quotation.

In some countries, the US for example, Customs may accept a Performa invoice (generated by the US importer and not the exporter) if the required commercial invoice is not available at the time when filing entry documents (entry - the process of filing documents with US Customs at the port of entry to get goods released from Customs). U.S. Customs may use a pro forma invoice to assess duty and examine goods. The importer on record however, is required to post a bond and produce a commercial invoice within 120 days from the date of entry. If the required commercial invoice is needed for statistical purposes the importer has to produce the commercial invoice within 50 days from the date Customs releases the goods to the importer. Here are some reasons why pro forma invoices are widely used in international transactions:

Considered as a binding agreement between exporter and importer. May be required by somecountries as part of their import licensing procedures. Bankers and financial institutions use proforma invoices to open letters of credit, advance payments, etc., for importers.

Easily recognized due to their similarity to commercial invoices. Pro forma invoice format encourages exporters to include all the information that shall appear in the commercial invoice.

Keep the following points in mind when your company is asked to produce a proforma invoice:» The title of the document

should clearly say "Pro Forma Invoice".

» Exporter's name, address, telephone number and e-mail address.

» Sold to name, address, telephone number and e-mail address.

» Pro forma invoice reference number.

» Date issued. The date of the pro forma invoice is the date of the quotation.

» Customers Inquiry reference number or purchase order number, if available.

» Terms of payment (letter of credit, documentary collection, pre-payment, T/T, open account etc.).

» Exporters banking details for advising /negotiating LC or SWIFT code details for Wire Transfer.

» Estimated date of shipment.» If more than one product,

number each product beginning with number 1.

» Type of Delivery & shipment : Full in one lot or partial.

» Indicate Transshipment if any, » Quantity shipped per lot.» Full product description,

include the Harmonized Schedule (HS) code if available.

» Indicate clearly currency used (USD, Euro, Yen etc.).

» Unit pricing should be included.» Unit pricing should be extended

by the quantities quoted to form the line item total.

» Any additional supplies-provided services should be itemized and should be added to reach a grand total.

» Terms of sale using latest INCOTERMS (FOB, CIF, CFR, DDU etc.- named port or destination).

» Identify the number of unit measure, weight, case, pallets, box, etc.,

» The country of origin of the product.

» Cost of any additional documents, inspection, legalization, etc., to be borne by the importer or exporter.

» Validity period, never make open-ended commitments remember that the validity date can be changed.

» Must be signed and title to be included.

» Column for Acceptance with Signature, title of the buyer to be incorporated in PI or covering letter.Remember that pro forma

invoices are formal offers to sell. When the buyers agree with all the terms and conditions of the pro forma invoice the result is a purchase order sent by the buyer, which finally leads to a sales contract that is, if the buyer and the exporter agree to have a formal sales contract. The pro forma and purchase order must be compared before goods are shipped to check for discrepancies. Should there be a discrepancy, the buyer should be promptly notified to correct any errors.

Commercial InvoicePrepared after the sale takes

place, the commercial invoice is the final bill from the exporter to the buyer that conforms in all respects to the agreement. It could have the exact terms of the pro forma invoice first offered, or it could differ in those terms that were the result of final negotiations. Commercial invoices are also used by governments to determine the true value of goods for assessing Customs duties, examining goods and gathering statistics. Additionally, many countries use commercial invoices to control imports. It is critical for the exporter to check with the buyer the type of information that must be included in the commercial invoice in order to clear Customs in the buyer's country. Here are few key areas to consider when producing a commercial invoice.

Should be prepared in the manner customary to trade. Most countries require that a

commercial invoice must be filed for each shipment. It must be original although some countries accept photo copies with a declaration by foreign suppliers, shippers or importers verifying that it is a true copy. When an invoice is not available some countries accept a pro forma invoice with information adequate to assess duty, examine goods and collect statistics. Some countries may require a special Customs Invoice - US for example, waived Customs Invoices in March 1, 1982.

Common Invoicing Mistakes by Exporters

The following are a few of the many common invoicing mistakes that are often made by exporters. Any of the following mistakes may cause delay, crippling penalties or total seizure of products by Customs officials.» Under invoicing, declaring less

than the actual value of goods.» Vague descriptions.» Several distinct articles lumped

as one.» Supplier does not show the

discounted invoice at the net price.

» Omission of royalties, commissions, packaging and other dutiable additions that make up market value.

» Transportation and insurance charges not itemized separately (some countries do not assess duty on transportation and insurance charges).

» Pertinent information missing and lines left blank.

» Missing country of origin.» Invoices not signed by supplier

or supplier's agent.

» Calculation mistakes in words and figures.Remember, at a minimum,

an invoice must always clearly show the total invoice value, non dutiable charges, add to make market value (if dutiable), and net entered value of the merchandise imported.

By carefully preparing a pro forma invoice, the exporter can increase the chances of the offer to sell to be accepted by the buyer and eventually increase the exporter's sales and profit. Because the pro forma invoice is the first document the buyer receives from the exporter, there is a psychological advantage in laying everything out, since the easiest thing for the buyer to do is to accept the proposed offer. Help your buyer to accept your offer by providing a thoroughly prepared pro forma invoice.

About the author:CEO of World Trade

Connections. He is a consultant and a trainer in the field of Exports and Import since 1984. He has wide experience in international trade especially “Marketing of products” Traveled extensively in major part of the world and has successfully offered assured business to numerous manufacturers, Joint Ventures, Technology Transfers etc., He is invited and associated with numerous Local Trade Bodies, Chamber of Commerce, Educational and training institutes imparting training in the field of Export & Import. His practical approach and lucid style of presentation endears him to the participants instantly.

2nd Floor, B-166, Shrenikpark, Opp. Akota Stadium, Productivity Road, Vadodara-390020[ Guj.] India. Telefax: +91 265 2342145/9824067098/9925292092Email: wtcindia@gmail.com Website: www.worldtradeconnections.co.in

HAPPY EXPORTING

MONDAY | JUlY 14, 2014

tRysomethiNGNeW 09

ingredients •2cupsGramflour(besan)sieved•Yogurtbeaten1cup•Salttotaste•Turmericpowder1/2teaspoon•Greenchili-gingerpaste•1teaspoonOil•2tablespoonsLemonjuice•1tablespoonSodabicarbonate•1teaspoonMustardseeds•2tablespoonscorianderleaveschopped• 1/2cupCoconutscraped

prepration Method1. Take gram flour in a bowl. Add yogurt and

approximately one cup of warm water and mix. Avoid lumps. Add salt and mix again.

International Conference on Business Management and Information TechnologyThis is organized by the World Academic Industry Research Collaboration Organization. The conference will cover areas like Web Application And Web Service, Computer Science And Engineering, Information Technology And Computer Education, Other Topics Related To Ict And Its Applications.

Date: 17-18 Jul 2014

Venue: The Fern Citadel Hotel, Bangalore, India

Green Power-Chennai Green Power-Chennai is entering its 9th edition of the session. This is one of the biggest exhibition cum conference for renewable energy technologies sector in India for 2 days the exposition is being organized by Confederation of Indian Industry.

Date: 17-18 Jul 2014

Venue: Chennai Trade & Convention Centre,Chennai, India

India International Jewellery ShowOver the years, this show is the most visited jewelry show which demonstrates the best and exclusive range of jewelry items. The organizers have announced this international jewelry show scheduled to be held at Bombay Exhibition Center, Mumbai. The exhibitors come face to face with the rival companies as well as also come to know about the intensity of the competition in the market. The show is categorized amongst the leading antique show which will surely satisfy the requirements of the global customers.

Date: 17-21 Jul 2014

Venue: Bombay Convention & Exhibition Centre, Mumbai, India

Hospitality ExpoHospitality Expo is a 3 day event being held from 4th August to the 6th August 2014 at the Gujarat University Convention & Exhibition Center in Ahmedabad, India. This event showcases products like commercial kitchen equipment, cutlery and table products, hospitality technology, furniture and fit out solutions, commercial refrigeration equipment, f&b service products, glass and glassware, bar, wine accessories and equipment, commercial coffee machines, lighting and controls, furniture & furnishing, bathroom fittings, hotel POS machines, EPRS systems, accounting systems, dry cleaning machines and cleaning solutions etc. in the Business Services, Food & Beverage industries.

Date: 04-06 Aug 2014

Venue: Gujarat University Convention & Exhibition, Ahmedabad, India

Catering ExpoThis event showcases products like cutlery and d table products, f&b service products, glass and glassware, commercial coffee machines, food and drink vending solutions, fast food kitchen equipment, food decoration products, food display equipment, food ingredients, ready to eat food, packed food, flavors, milk and dairy products, health food products, sweets snacks and confectionery products, fresh food products, fruit and vegetable products, food additives and ingredients, hollow ware, glassware, chinaware, crystalline ware porcelain, mini bars and cutlery crockery etc. in the Business Services, Food & Beverage industries.

Date: 04-06 Aug 2014

Venue: Gujarat University Convention & Exhibition, Ahmedabad, India

UPCOMING

Nothing is impossible; The word itself says I’m possible

tHougHt oFtHe WeeK

Khaman Dhokhla

african cuisine

handy hindi

2. Leave it aside to ferment for three to four hours. When gram flour mixture has fermented, add turmeric powder and green chili-ginger paste. Mix Heat the steamer. Grease a thali (plate)

3. In a small bowl take lemon juice, soda bicarbonate, one teaspoon of oil and mix. Add it to the batter and whisk briskly. Pour batter into the greased thali (plate) and place it in the steamer.

4. Cover with the lid and steam for ten minutes. When a little cool, cut into squares and keep in aservingbowl/plate.

5. Heat remaining oil in a small pan. Add mustard seeds. When the seeds begin to crackle, remove and pour over the dhoklas.

6. Serve, garnished with chopped coriander leaves and scraped coconut.

find The Path1. i missed you so much! मुझे आपकी बहुत याद आयी।

2. can you help me? कया आप मेरी मदद कर सकते हंै ?

3. where do you live? आप कहाँ रहते हंै?

4. how old are you? आपकी उमर कया है?

PicTUre Of The week

The Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley giving final touches to the General Budget 2014-15, in New Delhi on July 09, 2014. The Minister of State for Commerce & Industry (Independent Charge), Finance and Corporate Affairs, Smt. Nirmala Sitharaman and the Secretaries of the Ministry are also seen

WARM LEMON WATER

BenefiTS Of Drinking

» Lemon is an excellent and rich source of vitamin C, an essential nutrient that protects the body against immune system deficiencies.

» It balances maintain the pH levels in the body.

» It is also a great source citric acid, potassium, calcium, phosphorus and magnesium.

» It helps cure the common cold.

» It strengthens the liver by providing energy to the liver enzymes when they are too dilute.

south africa is larger than Germany, france and italy combined. The country has more wild species than the whole of north and, south america, europe and asia together.

end

start

1. What bone has a sense of humor?2. Wheredofishkeeptheirmoney?3. The more of them you take, the more you leave behind.

What are they?4. What's full of holes but still holds water?5. What two things you can never eat for breakfast?6. What gets whiter the dirtier it gets?

Brain Teasers

ANSWERS1. HUMUROUS 2. RIVERBANK 3. FOOTSTEPS 4. A SPONGE 5. LUNCH & DINNER 6. A BLACKBOARD & CHALKBOARD

mONDAY | JUlY 14, 2014

thefasHionistas10NORTh WINGS BANd GRABS New Music GhaNa PrizeNorth Wings Band last

week won the first prize of the New Music Ghana

competition, which was held at the Youth Home Centre in the Northern regional capital, Tamale.

The eight-piece band, comprising youthful musicians, swayed the judges with a magnetic stagecraft, an effective blending of traditional/western musical instruments and infectious lyrics that captured the attention of the audience.

Clad colourful costumes, the group entertained the audience with a fine combination of Bamaya, Gahu and Agbadza with jazz and highlife, thereby drawing huge cheers and applause from the audience.

Trumpets, keyboards, djembes from North Wings created a cool atmosphere as percussive instruments and western drum sets pounded the cold night air at the Youth Home Centre.

Suhuyini, Yurlim, Young Echoes and Bizung School Bands

In an interview, Ms. Njie said "I Am ready for Africa and my move towards this is progressing steadily. I haven't done any major productions and I still have a lot to learn, and as a university graduate I would say it has prepared me both mentally and physically to take on new challenges ahead of me."

'Am an up-coming actress and in view of this am willing to take on different roles/personalities. Iwant to gain as much experience

Sexy gambian actress Joanna njie to Visit ghana ... in Pursuit Of her acting Dreams

took the second, third, fourth and fifth positions respectively in the keenly contested competition, which has managed to serve as a platform for young musicians to promote themselves over the past five years. All groups received cash prizes totalling GH ¢3,000.00.

As part of the festival, B. A Konlaan (Chairman, MUSIGA- Northern Region), Dela Botri (Flutist, Composer) and Abdul Rahaman Mohammed (Dancer, Choreographer) moderated a

number of workshops on various topics relating to marketing and new ways of expressing Ghanaian music.

New Music Ghana Festival (NMGF) has succeeded in bringing young and veteran musicians together and has been a catalyst for the re-emergence of live band music.

Indeed, it has revitalised a proud sense of cultural identity among young Ghanaian musicians.

NMGF also assists young musicians to shape their musical and social skills that are necessary to ensure a smooth transition into the professional world. Undeniably, it has the potential of becoming the springboard that would launch a new era of Ghana's popular music on the global arena.

The festival, which was organised by the Institute for Music and Development, was sponsored by the Goethe-Institut in Accra in collaboration with Arterial Network Ghana.

Modern Ghana

as possible in acting in Ghana to make me more versatile as an actress. Am determined to bring fun, and hopefully inspire many movie lovers in Africa and the world at large' She added.

The actress said her hobbies include, absolutely love for shopping, dancing, singing and socializing with friends. She also loves travelling to new places however she is scared of flying.

Modern Ghana

Braids are great for summer hair. They're generally pretty easy to do, they look good when they're messy (see: a zillion celebrities), and they keep you cool as a pony tail, but a little more chicly.

waterfall Braid1) Prepare hair for braiding2) Brush underneath the nape of the

neck to ensure no knots remain.3) Part your hair in the middle.4) Section off the top third of your

hair5) Braid the hair toward the back of

your head in a French braid style6) create that “waterfall” look.7) Pick up a new strand of hair

located next to the strand you’ve dropped to replace that strand.

8) Secure the braid with bobby pins if needed.

9) Braid the remaining “tail” until you run out of hair.

10) Decorate.

Messy Side Braid Bun1) Make a side ponytail close to the

nape of the neck.2) Split the hair into three sections.3) Fishtail Braid each of the sections.4) Pull out the folded pieces (the bits

that you bring over when plaiting) on each side to double the size of the plait.

5) Lastly, all you need to do is take the 3 plaits and wrap them around the bobble in an artistic sort of way!Thenfixthemusingkirbygrips, you might need quite a few to adjust the shape to your liking.

fishtail1) Divide your hair into a side parting

and take the whole length of your hair over to one side.

2) Begin by splitting the hair into two

sections. 3) Take a small piece of hair from

the outside of one of the two main sections and bring it to the inside of the opposite section.

4) Then take a small piece of hair from the outside of the other section and bring it to the inside of the opposite section, then pull tight.

5) Keep taking small pieces from each side into the inside of each section to develop the inverted braided pattern.

6) Keep going until you reach the end andfinishbytyingthehairwithaclear elastic band.

7) Fishtail braids look best with a slept-in look so tease the braid by pulling out some strands for a more textured look.

classic french1) Start by taking a section from

the top of the head. Separate this section into 3 strands crossing right over middle and then left over middle.

2) Switch all of the strands over to your left hand and keep strands separated.

3) You can now gather a small even section from the right side of the head with your right hand and add it to the right strand.

4) Bring the strand you have just added to, over to the middle and bring the middle strand to the right.

5) Now switch hands keeping all strands separate, so your left hand will be free.

6) Gather a section of hair from the left side of the head. Add this to the left strand.

7) You will now bring the left strand over to the middle and bring the middle section to the left. As you

follow these steps, try to keep your hands close to the head so the braid will be tight.

8) Repeat steps 2 and 3 until there is no hair available to add.

little Braid + PonyTail1) Make a side part, then take a section

of hair from the front left side of your part to your left temple.

2) Split this into three and weave together to make a braid. Braid the right over the centre, then the left over the right and continue to braid that section.

3) Stretch out the braid to make it look thicker. Secure the end with a pin or small elastic.

4) Gather all your hair into a ponytail and secure with an elastic. Take the pinorelasticoffthefirstbraid,nowit is tied in with the ponytail.

5) Take a small piece of hair and wrap it around your hair elastic to cover it.

Braided updo1) Leaving a section loose on either

side of your face, and gather the rest of your hair back into a ponytail. Pull gently at the top of your ponytail so it’s not too tight.

2) Braid half of the hair on the left hand side, and wrap it over your ponytail. Repeat with the right hand side.

3. Braid the lower section of hair on the left hand side and wrap over your ponytail. Pin in place with a bobby pin underneath your ponytail. Repeat on the right hand side. Important: Stretch out your braids! Pull at the sides to make your hair look thicker and fuller.

4. Loosely braid your ponytail and roll it under to form a bun. Pin in place with bobby pins.

Braided Updo classi french fish tail braid Messy side braid bun waterfall braids

Gorgeous Braid Styles

Joanna Njie

MONDAY | JUlY 14, 2014

sPoRts2WatCh 11team ghana gears Up… for glasgow Commonwealth games

Ghana defender John Pantsil signs two-year deal with PSL side Maritzburg

Women groups receive annual savings

Obama's YALI programme admits 18 Ghanaians

Athletes who would be representing Ghana at the 20th Commonwealth

Games in Glasgow are peaking in form ahead of the sports festival, Joseph Yammin, former Deputy Youth and Sports Minister, has said.

The contingent, who would be joined by the shooting team later, is currently pitching camp in Ayrshire, south-west of Scotland, and would be there for three weeks.

Hon Yammin, now deputy Ashanti Regional Minister, is the chairman of the Commonwealth Committee, and he revealed in

The Alangtaaba Women's Group in Aware done in Winkongo in the Upper East Region made up of 27 women received GH¢ 12, 750 from their annual savings under the Savings and Internal Lending Community (SILC).

The group was among twenty seven women groups and one male group constituting over 900 people to share out their savings they accumulated in one year to undertake income generating activities and care for their health needs.

The savings and internal Lending Community (SILC) was instituted in 2010 by Catholic Relief Services (CRS), the Community Maternal and Child Care Services (CIMACS) in collaboration with the Ghana Health Service to promote and improve maternal and child births.

The annual durbar was witnessed with pomp and pageantry as the women anticipated their share of savings as savings boxes were opened.

Mrs. Evelyn Naaso, District Director of Health Services of the Ghana Health Services (GHS) before the share-out reiterated the important domestic roles of women in providing good nutrition for their homes

She recounted the roles of SILC and CIMACS in improving health of women and children in the community and congratulated them, the staff and the chiefs for the support.

Mr. Robert Asambobillah, Coordinator, CRS In an interview with the Ghana News Agency said the Savings and internal Lending Community

Ghana defender John Paintsil has signed a two-year contract with South African club Maritzburg United, GHANAaoccernet.com can exclusively reveal.

The former Fulham man joins the PSL club as a free agent having completed his one-year contract with lower tier club Santos FC.

Paintsil concluded negotiations and signed a two-year contract to become the first off-season signing of the Team of Choice.

The experienced right-back wants to prove himself once more again at top flight level following his brief stint in the South African second tier with Santos.

He will be joining compatriot Awal Mohammed at Maritzburg United who finished 10th in the South African League last season.

Paintsil is yet to be unveiled and handed a squad number at his new club.

Modern Ghana

The fellowship programme will provide outstanding young leaders with opportunity to hone their skills at a US university, and support their professional development after they return home.

Assistant Secretary for African Affairs, Linda Thomas-Greenfield at LiveAtState Virtual news Conference said the future of Africa is in the hands of the youth.

'If you look at the statistics, 65 per cent of the population is 35 and under. That is a huge, huge youth bulge, and it is that population that will be the future of Africa,' she said.

She said the Obama's administration has made it a major priority to help African countries prepare for the future, 'to mentor young people, to support them, to train them to lead in the future'.

About 500 young people are from Africa out of 50,000 applications received for the slots.

In all, there were about 80,000 who attempted while 30,000 did not get their applications completed. The Ghanaians joining their counterparts would receive mentorship in entrepreneurship, civil society and public service and participate in the US - Africa Leaders' Summit scheduled for August 4 to August 6 where President Obama will host 51 heads of state and government from Africa for the first ever in Washington.

Madam Thomas-Greenfield said the first day of the conference, will witness series of signature events focusing on partnership with Africa in the past. The second day, she said, would be the actual Chief Executive Officer Leaders forum which will bring together about 200 companies.The last and actual day of the Summit will centre on three different themes.

New Times

an interview that the team is peaking by the day, expressing the hope that they would do Ghana proud in the impending Games.

He mentioned that a contingent of 106 would be representing the nation in the 11-day sports fiesta, and battle for honours in 10 disciplines namely athletics, badminton, boxing, fencing, judo, shooting, swimming, table tennis, weightlifting and disabled sport.

Team Ghana, until their departure for the Games, pitched camp at the Theodosia Okoh Hockey Stadium Hostel for close

John Pantsil

to two weeks.Hon Yammin, in a farewell

message at the camp in Accra, charged the team to strive for excellence. 'You are going as ambassadors of Ghana and therefore government and the people of Ghana expect that you make yourselves and the country proud.

'Nothing should make you feel inferior; you are just like your competitors. Remain focused, be determined and always have it at the back of your mind that you are representing Ghana. Go and succeed,' he added.

Seventy-one nations would battle for supremacy in 17 sports disciplines, and 261 medal events at 13 venues.

Clyde, the mascot for the Games, is a thistle named after the river which flows through the centre of Glasgow.

Celtic Park will host the opening ceremony, while Hampden Park takes care of the closing in the Games scheduled for July 23 to August 3.

The city of Delhi, India, hosted the last edition four years ago.

Modern Ghana

(SILC) was Instituted by CRS to improve Community savings and maternal and New Born Care services (CIMACS) and livelihood.

He said the two programmes were run in partnership with the Ghana Health Service to improve maternal and child care, promote antenatal attendance, good nutrition among pregnant and lactating mothers and serve as a support for the women in the community to have financial support for their needs.

Mr. Asambobillah said though CRS phased out in 2012 from CIMACS in 2012, SILC was still promoted in the community and added that migration from the community reduced through the implementation of SILC because beneficiaries had financial support services through their own lending schemes to address pertinent family problems.

He noted that his outfit under new funding scheme would under the Integrated Sanitation, Hygiene, nutrition Education (ISHINE) programme expand its intervention to the SILC communities and other areas including Talensi, Nabdam, Kassena Nankana Districts and in the Northern Region in Nakpanduri, Gambaga among others.

Madam Constance Aduko, 52, a trader with the Alangtaaba women group who took home over GH¢ 3,000 was grateful for the programme.

The annual durbar was witnessed with pomp and pageantry as the women anticipated their share of savings as savings boxes were opened.

India Africa Connect

mONDAY | JUlY 14, 2014

eNCouNteR WitH eDitoR12

What are the strategies being addressed by government to achieve goals of Vision 2016? What developments have been witnessed till date in the same?

The Vision 2016 Council, a high level institutional mechanism was established to monitor, evaluate and report progress on implementation of the Vision. The Council which is non-partisan is answerable to the nation. Its mandate includes amongst others;» To generate sustained ownership of

the Vision by all stakeholders, and a consensus on national directions and strategies;

» To harmonise and promote co-operation between various sectoral objectives, and bring them within the larger national interest;

» To monitor the implementation of National Development Plans as vehicles of the Vision.

» In order for the aspirations of Vision 2016 to be realized, the government of Botswana made a deliberate move to fully anchor Vision 2016 in its National Development Plan 10. In addition, increasing the plan from the 5 year cycle to 7 years so that it coincides with the year 2016, when Botswana will be celebrating 50 years of independence.

» To ensure that implementation is holistic, it is cascaded to the districts through the District Development Plans.

» Publicity of the Vision has enabled us

Botswana’s economy remains one of Africa’s success stories, having renovated itself within three decades. Comprehensive macroeconomic policies, good governance, well-functioning institutions and sensible management of resources are the trademarks of Botswana’s extraordinary economic performance. In an exclusive interview to INDO AFRICA TIMES the Hon President of Botswana, H.E. Mr. Ian Khama very precisely expounded the fine points of the country on topics concerning investment, sectoral profile and in particular the extraordinary relations existing between Botswana and India.

Owner / Publisher / Editor: Mr. Kirit Sobti from 3rd Floor, Plot No. 3, Block PSP-IV, Service Centre Opp. Sector-11 (Extn.), Rohini, Delhi-85Printed at LIPEE SCAN PVT. LTD. 89 DSIDC SHED Okhala Phase 1, New Delhi

“Sustainable development is my government’s priority”

H.E. Mr. ian khama President, Botswana

to achieve 93% awareness level of the aspirations of the Vision, countrywide.

Botswana is known for its tremendous beauty and business potential. How are you prioritizing your role for the development of the country and its people?

Indeed Botswana is endowed with a wealth of natural capital, be it fauna and flora or mineral resources. The challenge lies in the sustainable exploitation of these resources in order to benefit future generations. Sustainable development is my government’s priority. It is in this regard that my government has set aside approximately 49% of the total land area for conservation purposes.

Tourism has been identified as a key sector for economic diversification. The tourist product is predominantly wildlife based, hence the need to ensure that the resource is utilized in a manner that will guarantee its availability for decades to come. In order to back our commitment to sound conservation practices, my government has imposed a ban on trophy hunting in Botswana. Hunting safaris are therefore no longer permissible and there has been a shift towards the more non-consumptive forms of tourism namely photographic safaris.

How do you amalgamate your efforts, strategies with available resources of Botswana to make it an attractive

destination for Foreign Direct Investment (FDI)?

Botswana is uniquely endowed with vast resources and we have invested in creating a globally competitive policy framework for the extractive industry, which can be instrumental in supporting a beneficiation and value addition agenda. We have the opportunity to attract investments into a series of activities that create entire Eco-systems around the full value chains of the extractive sector. We have started the implementation of this strategy in earnest within the diamond sector but similar opportunities still exist with respect to other minerals viz copper, nickel, soda ash and most importantly coal.

Some of the characteristics that make Botswana unique are;» Botswana is stable, peaceful, and

transparent » Botswana is committed to a sound

macroeconomic policy, economic freedom and has a steady and dramatic growth rate

» Botswana opens the door to a massive market

» The quality of Botswana’s workforce is second to none in Africa

» The Government of Botswana wants to make your investment work for investors

» Botswana is committed to continued growth

» Botswana is rich in natural resources.

Excellency, being the pillar and an eminent representative for Botswana, what is your blueprint to attract investors and boost various sectors for economic growth?

Botswana’s investment promotion efforts drive targeted investments by leveraging on Botswana’s competitive and comparative advantages. Botswana strives to hone on its value, offering to make best use of its own comparative strengths. Botswana is therefore going to ensure that we have a conducive business environment for investment to thrive in and it is through BITC that a Business Facilitation Centre was created as aforestated. Our approach also puts emphasis on local investment or participation to ensure that Batswana are developed and play a role in our country’s economic growth and prosperity. We have put in place concerted efforts to consider already existing local companies that are active in the market to support and nurture their existing investment. We have also placed aftercare services at high value for investors as it is essential that they are supported and encouraged to grow their businesses further.

Furthermore, please note that to facilitate Foreign Direct Investment (FDI), we have formed six (6) hubs to underline our key areas of focus in this regard; namely, Diamond, Health, Innovation, Education, Transport as well as Agriculture.

MONDAY | JUlY 14, 2014