Africa Urged to Embrace Education to Solve Regions Dev’t Challenges

CHAN Group C favorites Nigeria and Tunisia played to a one-all draw on Friday evening at the Nyamirambo stadium. Group C is the only lot that enters final day without a single candidate confirmed for the semi finals even though log leaders Nigeria needs a draw of any kind to proceed.

Defensive strategy
Nigeria went rampant in their opener, cialis 40mg malady drilling four goals past Niger and could be the reason why coach, price Henryk Kasperczak, information pills preferred to give first starts to Marouane Tej and Abdelader Oueslati, both of whom are defensive players. It is believed their main strategy into the game was to avoid a loss rather than pick a win from the attack minded Super Eagles.

Chisom Chikatara continued with his goal scoring carnival opening the scores and the only goal for Nigeria in the 51st minute with a nicely executed shot that eluded Tunisia goal keeper Rami Jeridi with a slight sign of deflection.

Earlier on, just before the break another on-form striker Ahmed Akaichi saw his 44th minute goal cancelled by the assistant referee for offside. He had risen up and headed in Ali Mauloul’s cross.

The Etoil Du Sahel striker was still determined to get himself on the scoresheet and his opportunity matured in the 20 minutes to time with finished off inside the keeper’s area.

In the other match Guinea and Niger drew 2-2.

Nigeria lead the pool with  four points after two matches and finalise the group stage campaign against Guinea. Tunisia and Guinea are tied on two points each but the North Africans are on a safer spot with goal superiority. Niger are bottom with one point but still have a mathematical chance of qualifying.
Africa has immense growth opportunities which can be profitably exploited with a combination of the right skills investor goodwill, stuff according to Dr. Ahmed Heikal.

Heikal, view who is the Founder and Chairman of Qalaa Holdings was speaking at the opening of the World Economic Forum in Davos Switzerland, where he participated in a CEO panel discussion on barriers to investment and the measures needed to get capital flowing to the Red Sea region amid geopolitical uncertainty and a collapse in energy prices.


Ahmed noted that with low commodity prices, high debt levels in emerging markets, higher interest rates in the United States of America, sluggish emerging-market economies and slower Chinese growth, one could be forgiven for thinking that for the time being there will be no investment in the Middle East and Africa region.

“But it is a fallacy that there are no growth opportunities in the region and it is a fallacy that there is no money. What we are lacking is the risk appetite and the skillset required on the part of the private sector to undertake the type of Greenfield projects that the region needs,” he added.

Addressing the issue of lack of transparency in the region, Heikal explained that important strides have already been made in that respect.

“The Development Finance Institutions (DFI’s), Export Credit Agencies (ECA’s) and Sovereign Wealth Funds (SWF’s) that are now funding projects in the region are requiring companies to abide by stricter codes of conduct,” he said.

These sentiments echo the objective of the Red Sea Foundation a non-profit entity that was launched at DAVOS.

The Red Sea Foundation aims to actualize the enormous potential of the region by enhancing the logistics infrastructure, promoting trade among Red Sea region countries and encouraging foreign investment, bringing together the public and private sectors and civic society to build a new growth engine for the global economy.

Uganda, Kenya, Egypt, Burundi, Congo, Djibouti, Eritrea, Ethiopia, Iraq, Jordan,  Madagascar, Mozambique, Rwanda, Saudi Arabia, Somalia, Sudan, Syria, Tanzania, UAE, and Yemen make up the Red Sea region.

An example of such partnerships is TAQA Arabia the largest private sector energy distributor in Egypt  which Dr. Heikal explained as a fore sight investment by Qalaa Holdings which has earned numerous growth opportunities as a result of the deregulation of the energy sector.

He said, “Governments are now starting to focus on fighting their own battles, dismantling the bureaucracy, playing the role of regulator and letting the private sector do its job. Governments cannot continue to shoulder these funding needs, or else emerging markets will wake up to a large credit crisis in five years.”

Qalaa Holdings, has also been able to successfully tap into a wide pool of funding resources under highly challenging conditions to fund large-scale infrastructure projects that are critical to Africa’s development such as the Egyptian Refining Company (ERC), a US$3.7 billion greenfield refinery and Egypt’s largest in progress, private sector infrastructure megaproject which is now more than 75% complete.

ERC has the potential to more than halve Egypt’s present-day diesel imports and reduce by nearly one-third the country’s current sulfur emissions when it starts production in 2017.

The Uganda and Kenya railway concession Rift Valley Railways, is another exclusive infrastructure project in East Africa currently at a midpoint of US$ 287 million capital investment and turnaround program that began in January 2012 to revitalize rail transportation in the two countries.

Governments across the region are now entering into a new paradigm, they have come to the realization that they can no longer do it alone, they must partner with or enable the private sector to take on the large mega projects that were previously only in the realm of the public sector.

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