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Africa

in Experts

Former AfDB President Kaberuka Joins Center for Global Development

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January 5, 2016

Mr. Kaberuka, who stepped down as president of AfDB at the end of August after completing a successful two-term tenure, will work on finance and development issues at CGD as well as serve as a member of the CGD’s panel on Multilateral Banking.

Under his tenure, the AfDB became the top financial and technical institution serving the continent. Kaberuka steered the bank in a new direction to better serve the continent, with emphasis on investing in the continent’s aging infrastructures and providing financial capital to businesses such as farmers. He brought together the continent stakeholders and shareholders, both from the public and private sectors, senior government officials and business leaders along to strengthening the new directions in which the bank took.

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in Deals

Orange Group Taps Afrostream To Develop Video-on-Demand Market in Africa, Europe

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October 6, 2015

If recent mobile technology deals are indications of where mobile technology and its related industry are headed in Africa, mobile video-on-demand streaming services could be the next big thing. At least according to recent moves made by French multinational telecommunications company, Orange, S.A., which recently invested in Afrostream, a Netflix-like subscription video-on-demand service for the African and European markets.

Across Africa, the expanding use of modern technologies has led to African entrepreneurs creatively trying to find solutions to Africa’s development problems and as well as develop new entertainment products specific for their markets.

Orange joins a clout of investors who in recent months, including a Silicon Valley-based seed accelerator, Y Combinator, that have funneled money into the SVOD streaming service company, to help propel it to compete with other aspiring Netflix-wannabe companies, and African entertainment iRoko entertainment targeting people in the continent and Africans in the Diaspora.

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in Hot topics, Inside Africa, News, Policy
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in Analysis & Special Reports

Africa Turns a New Page: In a Continent Known for Corruption, Transparency is the New Black

by
June 29, 2015

As transparency becomes a prerequisite for some investors to invest on the continent, perhaps now more than any other time in the history of the continent should it become a style, a way of doing business not just to attract foreign investments and businesses, but also in the ways governments, and other leaders conduct themselves.

By placing significant emphasis on transparency, holding leaders accountable for their conduct, analysts believe that Africa now has the potential to bring about a future that would have been unimaginable a generation ago. But to realize this potential, African leaders will have to drive the structural transformation necessary to achieve the goals to inclusive and sustainable growth. The result could be an unprecedented step, the big leap the continent needs to mingle with the big leagues.

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