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Philippe de Moerloose : “The Key to Successful Development in Africa is Mechanization”

Comments (1) Africa, Featured, Latest Updates from Reuters

by Sheldon Mayer, Managing Editor

Philippe de Moerloose is a Belgian businessman and the CEO of Consortium SDA-SDAI, a group that specializes in automobile distribution and is a top provider of agricultural machinery in Africa. Along with CBA Trading and SDIAG, SDA-SDAI’s affiliates are heavily involved in the distribution of vehicles, Philippe de Moerloose seeks to advance the dynamic process of mechanization of African agriculture. SDIAG, the official John Deere distributor for DRC, Rwanda and Burundi, cooperated with the Agricultural Mechanization Initiative issued by Kinshasa’s government which de Moerloose not only supports, but also wants to expand to bring African agriculture into the next era.

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World Economic Forum Reveals Morocco as North Africa’s Most Competitive Country

Comments (0) Business, Featured

Preparations Ahead Of The Davos World Economic Forum 2015

According to the latest report by the World Economic Forum (WEF), at 72nd Morocco is the most competitive country in Northern Africa (an improvement from the previous report), and ranked 4th in all of Africa. Above are Mauritius, South Africa and Rwanda at 39th, 56th and 62nd respectively. Morocco is making a transition toward lower, and eventually, elimination of subsidized government spending through collaboration with international lenders, and more toward innovation, education, and free trade leading to overall economic amelioration.

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China’s Development of Ethiopia : Investment in a Country, or in an Industry ?

Comments (0) Business, Featured

ethiopia

Ethiopia, a country of about 90 million people, covers just 1,127,127km2—less than 10% of the territory of China. Despite its comparably tiny size, Ethiopia is proving to be a massively important resource for China’s demand for essential minerals necessary in its insatiable demand for technological goods.

Some experts, British-born Ethiopia specialist Richard Pankhurst, believe that trade between the two countries could date back more than 1400 years. Though China’s demand on Ethiopia has evolved from exotic animals and jewelry to minerals and leather, their trade partnership has an unbroken past.

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Bosch registers sales growth in the Middle East

Comments (0) Business, Featured

Bosch

The Middle East is proving to be a lucrative market for Bosch, a German multinational company with expertise in engineering and electronics. The company closed the 2014 fiscal year with AED 945 million (approximately USD 257 million) in consolidated sales across 15 countries in the region, representing an increase of seven per cent over the previous year.

Since the opening of its regional office in Dubai a little over ten years ago, Bosch has experienced continued expansion and sales growth in the Middle East. The UAE now accounts for the highest sales in region, with the largest percentage of growth coming from power tools business.

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From the Bottom(ish) Up: Aliko Dangote, Africa’s Richest Man

Comments (0) Featured, Leaders

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Aliko Dangote is Africa’s richest man. Valued at $17.4billion, this Nigerian magnate is the 67th richest billionaire in the world, one of an elite circle of fabulously wealthy individuals who have made their fortunes in the poorest region of the world. Thirty years ago, Dangote received a loan from his uncle, which he used to break into commodity trading. In the intervening decades, 54-year-old Dangote has managed to build a multinational trading empire.

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Bernard Dunn – the new President of Boeing Middle East

Comments (0) Featured, Leaders

Bernard Dunn

On May 20, 2015 The Boeing Company named Bernard Dunn the new president of Middle East Division. He succeeded Jeff Johnson who moved to the US in March 2015 to become a vice president of business development at Boeing Military Aircraft.

Dunn is now in charge for fulfilment of Boeing’s strategy towards Middle East and the company’s business development in Middle East region. He is responsible for GR, partnership development, expanding Boeing presence and improving company relationships with customers and shareholders. He will cooperate with the President of Boeing Saudi Arabia Ahmed Jazzaar.

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