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57 billion funding package for Africa

March 28, 2017 / Africa Link, Business, Business today

The World Bank announced on 21 March 2017 a $57 billion financing package for sub-Saharan Africa over the next three years. According to the World Bank communication department, the money is meant to benefit several countries including Ethiopia,Rwanda,Kenya, Uganda,Tanzania, , Burundi, the DR Congo,and South Sudan and the funding package will become available from July 1, 2017, to June 30, 2020. The World Bank’s chief Jim Yong Kim said ,”The funds will be directed towards expansion of programs in a […]

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Fifth edition of Africa Business Forum to be held in Ethiopia in March 2017

February 25, 2017 / Africa Link, Africa Link2, ALL, Business, Business today

The 5th edition of the Africa Business Forum will be held for the second time in Ethiopia on the 1st of March 2017, under the Patronage of Saudi Sheikh Mohammed Al Amoudi, one of the largest investors in Africa, Forbes ranked billionaire and Ethiopia’s biggest employer. A statement issued by Africa business forum said that prior to the conference, the Africa Business Forum B2B Investment Meeting was held successfully on the 25th January 2017 at the Dubai World Trade Center […]

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Nigerian Migrant Couple pioneered first professional migrant magazine in Australia

July 27, 2016 / ALL, Business, Business today

Tommy Adebayo’s story begins like that of so many migrants in Australia. In this case, Tommy and his wife Bola were born in Oyo State, Nigeria. They both lived and practiced their profession in Nigeria before migrating to Australia to seek a better life. Like many migrants, Tommy had many questions during his adjustment period. However, finding the answers was not always easy, Tommy laughs wryly as he remember, “I had to go to 20 different places sometimes just to […]

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Home ownership, real estate investment and negative gearing in African communities

March 1, 2016 / Business, Business today

Real estate is not just about having a roof over one’s head. Beyond the nice looking houses, buildings and skyscrapers being erected or renovated all over the place, there is obviously a very a big industry and massive business opportunities! In fact, in Australia, real estate has just overtaken the mighty mining industry to become the most profitable industry, bringing the highest amount of tax revenue to the Australian government. Does the real estate boom in Australia mean anything for African-Australian communities? Many migrants communities in Australia […]

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See how Africa is changing: a Ghanaian entrepreneur launches a new car and a Malawi preacher buys his third private jet

January 9, 2016 / Africa Link, Business, Business today

We all know that Africa is rising as a global economic power. The year 2016 is starting with great stories that provide a perfect illustration of the positive transformation of the continent of Africa and we have selected a couple of these stories for you. Firstly, Ghana is to start selling its own “made in Ghana” vehicles. After Nigeria, Ghana is the second African country where a local entrepreneur launches a new line of cars made locally and for his own […]

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African entrepreneurs help fight youth unemployment in Australia

December 22, 2015 / ALL, Business, Business today, Videos

Entrepreneurship is on the rise within African-Australian communities. Traditionally, African migrants business ventures have been limited to small restaurants, grocery shops, beauty salons and import and export businesses. However, over recent years there appears to be a marked increase in number and type of businesses that Africans are involved in. In Melbourne and many other capital cities of Australia the story is the same, Africans are opening new businesses in different industry including childcare, healthcare , travel agencies, as well […]

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Family Day Care business bonanza changing African-Australian families

December 16, 2015 / ALL, Business today, Videos

There are a lot of positive changes that are happening within African-communities, but none seems as powerful as the business opportunities available through the Family Day Care (FDC) scheme. Over the last couple of years, the number of FDC businesses owned and run by Africans has simply skyrocketed. You only have to visit places such as Footscray where there is a concentration of African businesses to see this change. At the Footscray business Mall, we counted over fifteen FDC offices […]

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Dr Mohammed Ababulgu, a businessman and finance expert speaks to CS Sharady about his Australian life experience

October 7, 2012 / Business, Business news, Business today, Success stories

Dr Mohammed Ababulgu came to Australia more than 20 years ago. Originally from Ethopia, he is one of the earliest Africans to have settled in Australian and knows a thing or two about the realities and the history of the migration of Africans in Australia. Mohammed holds a doctorate degree in financing and specialises in financial crisis for small businesses. He is also a businessman and runs a remittance business in Australia, amongst other things. He came to AMA to […]

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Business is booming in Footscray (Melbourne), the capital city of the African-Australian community

August 1, 2012 / Business, Business news, Business today, News

AMA’s Clyde Salumu Sharady speaks with Kennedy Weldermariam, owner of a small business and a business expert operating in the Footscray area. Kennedy calls Footscray the capital city of the African-Australian community and describes the business environment in the area. He also provides good advice to Afro-Australians small business operators and encourages them to succeed so that the next generation can follow their steps.

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