Video guest: Josephine Mwangi

October 2017
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EDITO
Friday, 20 October 2017

The Board of the Ghana Netherlands Business & Culture Council (GNBCC) last week paid a courtesy visit to Vice President Dr. Mahamudu Bawumia. With members such as KLM Royal Dutch Airlines, Unilever Ghana, Wienco, the Vlisco Group, Vivo Energy, Dutch&Co, PwC Ghana and IOI Loders Croklaan, the GNBCC serves as a bilateral Chamber of Commerce for Ghana and the Netherlands. It represents the business interests of both Ghanaian and Dutch companies and renders business development and support services to its members. The Netherlands is currently Ghana's fifth largest export destination, third largest import partner and among its biggest investment partners.

Ghana and Sierra Leone have agreed to ratify the agreement for cooperation between them to provide the legal framework for addressing their trade and investment concerns. Despite the good relations that exist between the two countries, there is no framework for cooperation to guide those relations, a situation which is undermining the deepening of bilateral ties and cooperation between the two countries. The resolve of the two countries to ratify the agreement was one of the outcomes of President Nana Addo Dankwa Akufo-Addo’s one-day official visit to Sierra Leone last Wednesday. Speaking after the visit, the President gave an assurance that he would work with Parliament to ratify the agreement. The two countries signed the agreement for cooperation on December 19, 2013, but it is yet to be ratified by Ghana’s Parliament.

The African Union (AU) has launched a joint business plan that will be used by member states to implement the CAADP-Malabo declarations. The plan that runs from 2017 to 2021 will support operations at a country level that will support agriculture transformation. The plan was launched on Wednesday at the official opening of the 13th Comprehensive Africa Agriculture Development Program (CAADP) meeting taking place in Kampala. Launching the plan, the commissioner Rural Economy at the African Union, Josefa Leonal Correia Sacko said using the plan, they will negotiate with development partners to mobilise financial support to member countries.

Wednesday, 07 June 2017

A delegation of business executives from the Gauteng Province in South Africa has met with their Ghanaian counterparts to explore investment opportunities in the country. Led by the Premier of the Gauteng Provincial Government, Mr David Makura, the delegation focused on areas of interest, including road infrastructure development, agriculture and agro-processing, energy, rail and ports infrastructure and manufacturing.Subsequently, a business forum was organised by the Ghana Investment Promotion Centre (GIPC) to give Ghanaian businesses the opportunity to interact with the delegation as part of efforts to drive trade within Africa. The forum was on the theme, “Investment and business partnerships: The vehicle for intra-Africa integration and impactful economic development.”

Victus Global Capital and Altree Capital have partnered to launch a US$50mn fund focusing on investment into women-led agribusinesses in Africa. The fund aims to boost African agriculture through the practise of so-called ‘gender lens investing’, which focuses on funding women-owned businesses, companies with a track-record of hiring women, and those that aim to improve the lives of women through their products and services. It is initiated by Bo Masole and Zee de Gersigny – the founders of Victus Global Capital, an investment firm focused on transforming agriculture and empowering women in Africa – and Jenni Chamberlain, CEO of African asset management specialist Altree Capital.