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Chinese Development Bank pours more money in Africa than the World Bank

December 7, 2017 / Business

In Johannesburg South Africa today, Barclays Africa Group Limited(BAGL) and China Development Bank have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities in order to strengthen its contribution towards Africa’s economic growth and development. Barclays Africa will also extract synergies from the CDB’s focus on inclusive finance to provide capital to SME’s and low income communities. […]

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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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The African Diaspora around the world and in Australia can do more for the development of Africa than just remittances.

August 1, 2016 / Africa Link, Business, Videos

Matthew Neuhaus is the Assistant Secretary, Africa Branch, of the Department of Foreign Affairs and Trade and former ambassador to Zimbabwe and the DRC. Mr Neuhaus addressed a group of Africans who attended the launch of the Australia Zimbabwe Business Council (AZBC) on Friday 29th July 2016. Mr Neuhaus was interviewed by AMA’s Clyde Sharady and spoke about the role of the African Diaspora in contributing to Africa’s development, as well as the relationship between Australia and Africa, amongst other things. […]

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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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These four young Africans want to change how we ship goods to Africa.

January 22, 2016 / Africa Link, Business

Shipmate founders. (Photo source : techpoint.ng) Four young Africans have come up with a great business idea that is about to change how you ship goods from overseas to Africa. As more and more Africans in the diaspora travel between their new homes and their countries of origin, this presents an opportunity to transport goods to Africa and deliver them in a fast and secure way. Four young Africans based in the US have seen this as an […]

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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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The rise of Africa: business opportunities for diaspora communities

August 20, 2015 / Business, Community news

Fred Alale, the president of the Nigerian Society of Victoria discusses the rise of Africa as a global economic powerhouse and the opportunities that are now available for African diaspora communities in Australia to contribute to the development of the continent and create personal wealth in the process.

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SAFA’s young leaders strive to encourage excellence in the Somali community in Victoria

August 8, 2013 / Business, Community news

The Somali Australia Friendship Association (SAFA) is a an organisation led by a young energetic Somali-Australian woman Nasro Yussf who is passionate about making a difference in her community, especially for young people, both those who are desengaged and those who are doing well and need to be encouraged to even do better. Nasro visited AMA along with the Vice-president of the Association Liban Yusuf.

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Ken Lay interview Part II

June 11, 2013 / Business, News, Victoria

This is the second part of the interview granted by Victoria Police’s Chief Commissioner Ken Lay. Check the first interview for more information on the background of the story.

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African youth with a spiritual focus speak to Stephanie about an upcoming youth convention

May 16, 2013 / Business

The church of pentecost is organising a youth convention in Melbourne and two young leaders speak to Stephanie Jumbo about the event.

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Girma Seid speaks to AMA about his work with young African men in difficulty.

April 25, 2013 / Business, News, Victoria

Girma Seid is a project officer with the Centre for Multicultural Youth (CMY) and has worked over the last four years with young disengaged African-Australian men in Western suburbs of Melbourne. In this Video, Girma speaks about his own journey in Australia and his work with young people.

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AMA’s youth forum in Melbourne (Part 1)

April 10, 2013 / Business, News, Victoria

The Second AMA’s community forum took place on 23 March 2013 at Phoenix Youth centre, 72 Buckely st, Footscray, Melbourne. The Theme was “African Youth: Leadership, Ownership and Breaking the barriers”. Close to 40 participants discussed issues related to youth matters and exchanged ideas on some of the avenues for suitable solutions to help young African-Australians maximise their potential. Amongst the main issues that were identified: 1. Discrimination/institutional barriers/social disadvantage 2. Education, training and employment 3. Youth responsibility/ motivation/self-development & leadership 4. Negative […]

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Black and Fabulous: Stephanie Jumbo discusses love and relationships in African communities with 4 guests.

April 7, 2013 / ALL, Business

About six weeks ago, a discussion on the merit of Valentine day at AMA sparked a quite interesting discussion about love and gifts, why do men cheat, why do relationships tend to break when the woman is bringing home the bacon or earn more money than her man… watching the video will give you a better picture.

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Abeselom Nega speaks about his work with the youth

November 8, 2012 / Business

Abeselom Nega has been dealing with troubled youths for many years and he speaks to AMA about his work and his organisation.

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Melbourne university forum by AFRIKA (episode 3)

October 29, 2012 / Business, News, Victoria

Watch the third episode of the Melbourne University forum organised by AFRIKA, an association of students from an African background.

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Melbourne University Forum by AFRIKA (episode 2)

October 29, 2012 / ALL, Business

Watch the second instalment of the Q&A forum organised by AFRIKA , an association of students of African descent studying at Melbourne university.

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African-Australian teenaged girls speak to AMA TV about their struggle to be both Australians and Africans at the same time

October 18, 2012 / Business, News, Victoria

Identity formation is increasingly becoming a complicated affair, especially for migrant communities torn between maintaining their cultural roots and embracing the new society in which they live and the need to blend in it. The struggle is even harder for younger people who find themselves “sandwiched” between two cultural identities and wanting to satisfy social expectations from both sides even when these are pulling them from different directions, at times. AMA TV met three teenagers who opened their hearts about […]

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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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