Massive potential in African mining: IFC

first_img7 February 2013 Africa’s under-invested mining sector has huge potential, supported by increased economic growth and political stability, and could play a vital developmental role on the continent, the International Finance Corporation’s (IFC’s) Bernard Sheahan told the Investing in African Mining Indaba on Wednesday. “The core message about the continent today is that Africa is rising,” Sheahan, the IFC’s director of infrastructure and natural resources for Africa and Latin America, told delegates in Cape Town. Africa is expected to grow at an above-average 5.5% per annum over the next five years, and according to projections in a recent McKinsey report, will have a larger labour force than China and India within the next two decades. Projections also point to rapid urbanisation, with the majority of Africa’s population expected to be living in urban areas by 2023.Increased political stability At the same time, Sheahan said, there were signs of improvement when it came to political risk on the continent. “There is increased political stability … we’ve seen positive political transitions in countries like Guinea, Senegal and Ivory Coast. This means better economic governance. It is not perfect in some countries, but there are improved policy choices which points to progress in investment climate reform. “Underpinned by social transformation in Africa, the continent is about to see a demographic dividend.” Sheahan said the IFC – a member of the World Bank Group – was taking advantage of the potential it saw in African mining, which now accounted for more than half of the IFC’s mining investments.Opportunities in infrastructure He said he believed the main opportunities in Africa lay in infrastructure. The continent has a huge infrastructure deficit, which the IFC believes will need an annual investment of US$93-billion. “Multi-user infrastructure can be an opportunity for mining to enhance the developmental impact of mining.” At the same time, Sheahan said, the mining industry could play a critical role in reducing the political risk to doing business in Africa through job creation and skills development. “We need more cooperative approaches between companies and other stakeholders, and this is where the mining industry can play a role.” He lauded the African Mineral Skills Initiative of the United Nations, in partnership with Anglogold Ashanti, for its role in skills development on the continent. He cautioned, however, that companies should be strategic in their community investments, and make them a core part of the mine project planning process. Local procurement was another area where the mining industry could contribute to reducing risk, he said, while stressing that a holistic approach was needed towards local sourcing. SAinfo reporterlast_img read more

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Forget “Brand Conversations” on Social Networks

first_imgklint finley Massive Non-Desk Workforce is an Opportunity fo… Tags:#enterprise#Products IT + Project Management: A Love Affair 3 Areas of Your Business that Need Tech Nowcenter_img Cognitive Automation is the Immediate Future of… Related Posts Douglas Rushkoff spoke at Pivot, a conference on branding, last year and recently linked to a video of his talk. It’s worth watching if you’re involved in social CRM or any other sort of social business.For the first approximately 20 minutes of the talk, Rushkoff rants about the corporatization of the Internet and summarizes his book Life Inc. He explains the origins of the modern corporation during the mercantilist period of European economic development, and how branding came about as a means to put a friendly face on mass production. But during the final 10 minutes, Rushkoff gives some practical advice to companies trying to make sense of the social Web.Rushkoff thinks branding is irrelevant in the age of the social network. He compares social networks to the original bazaars and marketplaces of the past. The bazaar was the center of commerce, gossip, political debate and more. He says that people weren’t interested in “branding” then – they were interested in exchanging factual (or supposedly factual) information.Rushkoff gives the example of the Carl’s Jr. advertising campaign in which Paris Hilton ate a cheese burger while washing a car. Rushkoff says that even though this campaign was considered a “viral success,” sales at Carl’s Jr. actually went down while the ad was circulating. People were sharing the video on social networks, but it didn’t translate into sales for the company.On the other hand, he says, social media has proven to be an effective medium for damage control. It’s a good way to spread information (I would add that it’s also a good way to spread misinformation). He says actual information, and not branding, is the currency of social networks.He takes another example of corporate branding: the Keebler Elves. He says the elves were created to keep people from thinking about how Keebler cookies were actually made. He says no one is going to talk about the Keebler Elves on social media, but they might talk about the ingredients used in the cookies and whether they’re organic or what the environmental impact of the product’s packaging. In other words, people will talk about the actual product, but not the mythology.Rushkoff says branding has no future, but products might if the people making them are willing to engage their customers honestly through social media.I’m always surprised how much the contemporary debate over social CRM and social engagement sounds like The Cluetrain Manifesto, which was written way back in 1999. Whether its authors are right or wrong, they were clearly ahead of their time.Thesis number 11 of the manifesto is: “People in networked markets have figured out that they get far better information and support from one another than from vendors. So much for corporate rhetoric about adding value to commoditized products.” That sounds like Rushkoff’s thesis in a nutshell.What do you think? Is branding finished?last_img read more

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Hall of Famer Evander Holyfield: My mom wouldn’t let me quit

first_img1 dead in Cavite blast, fire View comments LATEST STORIES Former heavyweight boxing champion Evander Holyfield looks on during a charity boxing event in Lagos, on May 25, 2017. AFP PHOTO / STEFAN HEUNISCANASTOTA, N.Y. — “The Real Deal” delivered one more time.Evander Holyfield, boxing’s only four-time world heavyweight champion, was greeted with a standing ovation on Sunday at his induction into the International Boxing Hall of Fame, and he punctuated the moment with a heartfelt speech that focused on the significant contributions to his long career made by his mother and his siblings.ADVERTISEMENT Bradley’s stunning early goal helps US to 1-1 tie at Mexico World’s 50 Best Restaurants launches new drinking and dining guide Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games WATCH: Firefighters rescue baby seal found in parking garage “I cannot think you enough for honoring me and making me feel so special,” the 76-year-old Roth said.Tompkins, who began his boxing career in 1965, has called championship bouts featuring Marvin Hagler, Roberto Duran, Alexis Arguello and Sugar Ray Leonard during stints with HBO, ESPN, Fox Sports, and Showtime. The smile on his face Sunday simply would not go away.“You hope that people like what you do,” Tompkins said. “What makes this so humbling is that it’s an acknowledgement by my peers that maybe … somewhere along the line I contributed a thing or two to this great sport.”One of the biggest applauses of the afternoon was for Lennon’s 93-year-old widow, Doris, who sang the national anthem before the festivities began. Aaron Pryor, Bobby Chacon and Lou Duva, who all died since the last year’s ceremony, also were honored with a moment of silence.Sports Related Videospowered by AdSparcRead Next Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’center_img Heart Evangelista admits she’s pregnant… with chicken Heart Evangelista admits she’s pregnant… with chicken Don’t miss out on the latest news and information. Lacson: SEA Games fund put in foundation like ‘Napoles case’ “This Hall of Fame thing is all about the help I got from someone else,” said Holyfield, the youngest of nine children. “My mother would have been so happy.”Holyfield’s impressive career spanned more than three decades and included a bronze medal at the 1984 Summer Olympics, undisputed cruiserweight and heavyweight titles, and two memorable fights against Mike Tyson and another against Riddick Bowe. He had an amateur record of 160-14 with 75 knockouts and finished his professional career at 44-10-2 with 29 knockouts.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutOn this day, the memory of his mother, Annie, who died in the 1990s, took center stage.“When I came back with the bronze medal, my mama said, ‘See, I told you.’ My mom wouldn’t let me quit,” Holyfield recalled. “My mom said, regardless of how good you are, you do mess up, and if you do mess up and you have a good attitude, you’ll get more opportunities. I had 10 setbacks, so that lets you know that I messed up. But because of the good attitude I had, I got more chances.” “My goal was to be the very best that I could be. I just didn’t know what it was.”Also inducted were: three-division champion Marco Antonio Barrera of Mexico; the late super flyweight champion Johnny Tapia; Australian trainer Johnny Lewis; judge Jerry Roth; journalist-broadcaster Steve Farhood; broadcaster Barry Tompkins; and Eddie Booker and ring announcer Jimmy Lennon Sr., also honored posthumously.Tapia’s career was tainted outside the ring by drugs and alcohol — he served a stint in prison and was suspended three years for cocaine use. But in the ring he found his own sort of solace, winning 59 fights against five losses and two draws and captured three different titles starting at 115 pounds. His induction came almost five years to the day that he was found dead in his Albuquerque, New Mexico home at age 45.“Johnny had the greatest fans, and he soared to the greatest of heights,” his widow, Teresa, said as she recalled his upset knockout win over Henry Martinez for the vacant World Boxing Organization Junior Bantamweight Championship in 1994. “Johnny fought like a demon possessed throughout his career. The fans were his strength and salvation. From this day forward, Johnny, you shall be immortalized. Your heart … will live on forever.”Roth, a native of Scranton, Pennsylvania, officiated 225 world title fights, including Floyd Mayweather Jr. vs. Oscar De La Hoya and Holyfield’s trilogy against Bowe. He said he was speechless when he was informed of his selection six months ago, and the emotion in his voice nearly rendered him speechless again on Sunday.ADVERTISEMENT What ‘missteps’? MOST READlast_img read more

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LeBron James passes Jordan for fourth in NBA career points

first_imgBeal’s poster dunk, 30 points lead Wizards past Mavs James wears the same No. 23 worn by Jordan.“I wear the number because of Mike. I fell in love with the game because of Mike,” James said before the game.“I just take all the accomplishments as they come. It’s just an honor to have my name be mentioned among all the greats.”Jordan played 15 NBA seasons and was a five-time NBA Most Valuable Player who won six NBA crowns in the 1990s with the Bulls.James, in his 16th NBA campaign, is a four-time NBA Most Valuable Player and three-time NBA champion as well as a 15-time All-Star.While Jordan went 6-0 in the finals, James is only 3-6 but has reached the past eight NBA Finals, four each with Miami and Cleveland before joining the Lakers last July.Sports Related Videospowered by AdSparcRead Next Lacson backs proposal to elect president and vice president in tandem During the next timeout, James went to the bench and buried his head in a towel, appearing to cry while a video tribute played on the scoreboard and he reflected upon the achievement of surpassing his boyhood idol.“Cant even front,” James tweeted about 90 minutes before tipoff. “This is going to be UNREAL!! Wow man.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesThe 34-year-old American forward, the top scorer among active players, made his points in 1,190 games compared to 1,072 for Jordan with the Bulls and Washington.The next target for James would be retired Lakers star guard Kobe Bryant, who is third on the NBA career list with 33,643 points. SEA Games hosting troubles anger Duterte Private companies step in to help SEA Games hosting P2.5 B shabu seized in Makati sting, Chinese national nabbed Chief Justice Peralta vows to lead by example, bares 10-point program PLAY LIST 02:02Chief Justice Peralta vows to lead by example, bares 10-point program01:398 drug convicts, including pastor, linked in ‘hospital pass’ scheme01:31‘Hospital referral pass’ can cost inmates up to P2M – Lacson02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. 1 dead, 3 injured in Quezon road crashcenter_img LOS ANGELES, CALIFORNIA – MARCH 06: LeBron James #23 of the Los Angeles Lakers celebrates after passing Michael Jordan and moving to #4 on the NBA’s all-time scoring list during the second quarter against the Denver Nuggets at Staples Center on March 06, 2019 in Los Angeles, California. Robert Laberge/Getty Images/AFPLOS ANGELES, California—LeBron James overtook Michael Jordan to move into fourth place on the NBA all-time scoring list Wednesday with a driving layup in the second quarter against visiting Denver.The Los Angeles Lakers playmaker, who had matched the Chicago Bulls legend’s career total of 32,292 with his first 12 points, made history on the layup with 5:38 remaining in the quarter and sank a free throw to complete a 3-point play.ADVERTISEMENT MOST READ P2.5 B shabu seized in Makati sting, Chinese national nabbed Lakers legend Kareem Abdul-Jabbar holds the NBA points record with 38,387, with long-time Utah great Karl Malone ranked second on 36,928.On his current pace, James figures to pass Bryant next season and could overtake Abdul-Jabbar by the end of his Lakers contract in the 2021-22 campaign if he stays healthy.James went 2-of-6 from the floor in the first quarter and 0-4 from the free throw line in the opening quarter, but added a lay-in and jumper to match Jordan early in the second quarter and break the record attacking the basket, a trademark move in his career.James has more assists and 20-point games than any other top-five scorer.Jordan and James are often compared as the best players in NBA history.ADVERTISEMENT View comments LATEST STORIES Trump campaign, GOP groups attack Google’s new ad policy Hong Kong tunnel reopens, campus siege nears endlast_img read more

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