Africa and African businesses need an economic boost

Publié le par hort

 

 

  http://www.jamaica- gleaner.com/ gleaner/20080519 /business/ business1. html

Socio-economic boost needed for Africa - Prince Ermias Sahle-Selassie speaks at UWI ...


Athaliah Reynolds

Staff Reporter

May 19, 2008

His Imperial Highness Prince Ermias Sahle-Selassie, grandson of Emperor Haile Selassie I, says despite  experiencing significant improvements in key developmental areas, there is much more that needs to be done to improve socio-economic conditions for many on the African continent. Speaking Wednesday at the University of the West Indies, Mona campus, he said poverty, which has resulted in a lack of proper health care and education, still remains at the core of Africa's problems. Prince Ermias was guest speaker for a lecture at the Undercroft of the Senate Building at the University of the West Indies (UWI). His visit to the island was part of his Ethiopian Millennium year activities.


Historic visit


It was just over 42 years ago, on April 21, 1966, that Emperor Selassie, regarded by Rastafarians as God incarnate, made his historic visit to the island. On Wednesday, the packed audience, which converged on the UWI campus to welcome the grandson of the celebrated former emperor of Ethiopia, mainly consisted of members of the Rastafarian movement. The potent smell of marijuana perfumed the air, as the red, green and gold flag of the African nation swayed during the prince's entire lecture.

According to Prince Ermias, African economies are predicted to grow by an average of 6.2 per cent in 2008, after a strong 2007. He said the latest edition of the Economic Report on Africa 2008, stated that growth on the continent was driven by a combination of things. These include continued reforms, increased private- capital flows, debt relief and increasing non-fuel exports.

Drawback

Despite this, however, Selassie said poverty was still a significant drawback for the continent. He told his audience that most of sub-Saharan Africa, was in the World Bank's lowest income category of less than US$765 gross national income (GNI) per person per year. Ethiopia and Burundi, he said, were the worst off, with just US$90 GNI per person. He said many countries on the continent, including Ethiopia, were grappling with the enormous problem of  HIV/AIDS. Other infectious diseases, such as hepatitis A and E, typhoid fever and malaria, also continued to plague the continent. "First and foremost, we must educate our children and through them, their parents, to improve hygiene, health care and nutrition," the prince said He said that food and health were important to Africa's development, as "unless a person is healthy and fed, he/she has no energy or enthusiasm for anything else".

Education

Prince Ermias further told the audience that he regarded education as the single most effective and immediate way to improve the lives of all Africans. According to the United Nations Population Fund's 2007 report, only about a half of Ethiopia's people above the age of 15 years could read and write. He said the report also revealed that the country's population was growing at a rate of 2.3 per cent annually, which meant there were two million more children each year needing to be fed and schooled. There has been some progress, however, as school building has increased and enrolment has grown from 39 per cent in 1991 to almost 80 per cent in 2008, the Ethiopian prince said. "Yet the question of the quality of education, as well as the increasing number of dropouts, is a continuing concern."  

 

http://www.nationne ws.com/story/ 336933139145702. php

Give black business 'a better deal'

Published on: 5/20/08.

BARBADIANS should use their purchasing power as consumers to give black businesses a better deal. 
Economist Tennyson Beckles made this call last Friday while delivering the weekly lunchtime lecture at Democratic Labour Party (DLP) headquarters in George Street, St Michael. Beckles argued that black businesses were at a disadvantage against the white operations in a country being hurt by having "two paralleled paths" of entrepreneurship. If Barbadians felt that this was "hampering our development" , they should organise themselves into consumer groups and determine precisely where they would and would not spend their money, he said, while arguing that it had nothing to do with race but what was right and just.

". . . . If we are to get some modification, we have to organise ourselves at the consumer level," he told the small but vocal gathering.

Consumers "have to make white people understand that if they do not integrate some black people into their businesses, as a result they are going to suffer too",he said. Beckles said Barbados was too small a country to allow its business system "to go down two paths". It was not the kind of system that could work in any country, according to the economist. "In Barbados today we still have two paralleled paths of entrepreneurship, " he said. "We have black (entrepreneurs) and we have white (entrepreneurs) and they are running parallel. There is no integration, no meeting of the mind."

Beckles said the weakness of the system was reflected in the fact that often when a black business became successful it was "taken over" and the businessman had to "start another one". (TY)

 

 
Eleven new African-American research studies to be unveiled at MAAX Summit

 

Everybody knows that the first step to starting a business is creating a Business Plan.  An essential component to any Business Plan is comprehensive and targeted market research and demographics. It's not good enough to just know the ABC's of your own company, but the big question of any Investor, Banker, Distributor or Strategic Partner is...Who is your consumer and why are they going to purchase your products or services? Good marketing data and statistical demographics will answer these questions.  But where do you find this information? Ken Smikle, President of Target Market News (www.targetmarketne ws.com), has brought together eleven of the top research companies in the nation for his MAAX Summit.  If you never attend the conference, I recommend you put all the participants in your favorites (see links below).  Whether you’re a start-up or an established company, I think we all want to know where the $744 Billion dollar black consumer market is, and how we can tap into it.
 
Remember, We Must Share The Knowledge (Network)... To Share The Dollars!!!

 Jim Neusom

 

 

 

http://www.targetmarketnews.com/storyid05210802.htm

 

(May 21, 2008) New data and trends covering the $744 billion black consumer market will be presented by eleven of the nation's leading research companies at the Ninth Annual Marketing to African Americans with Excellence (MAAX) Summit in Chicago, June 30th - July 1st.
 
The MAAX Summit, presented by Target Market News, brings together some 200 marketing, advertising, media and research professionals each year to hear and discuss research findings and developments in the African-American market. This will be the first public unveiling of many of these studies, and all of them are exclusively focused on African Americans..  
 
"This Summit is the most comprehensive examination of African American consumers and their enormous impact on the nation's economy," said Ken Smikle, president of Target Market News. "Given the current political, economic and social trends taking place in the nation, it is critically important for all business professionals to take into consideration what these studies will reveal."

Among the research companies that will share new findings and statistics at the MAAX Summit are Arbitron, Burrell/Yankelovich, GlobalHue/NSights Worldwide, Radio One/Yankelovich, The Media Audit, Media Economics Group, Nia Enterprises, The Nielsen Co., R.L. Polk, Starcom MediaVest Group, and the U.S. Census Bureau.

The research studies examine African-American consumers and these topics:
 
- Consumer Expenditures
- Media Usage
- Corporate & Industry Ad Spending
- Consumer Behavior
- Population Trends & Projections
- Consumer Buying Power
- Market Segmentation
- Consumer Demographics
- Consumer Psychographics
 
The studies also examine how African-American consumer impact such areas as advertising, the Internet, digital media, radio, television, print, the automotive and retail industries.

All attendees at the MAAX Summit will hard copies of the research studies or excerpts from the presentations.

For further information about the MAAX Summit and the third annual MAAX Awards ceremony,
click here or call 312-408-1881

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