Barclays Africa Turns To Social Media To Set The Record Straight

barclaysxxxBarclays Africa announced today on Twitter that it is not ending its operations in Africa and no jobs will be lost — a response to viral reports that the company plans to pull out of Africa, VenturesAfrica reported.
The company took advantage of the recent publicity to do a little advertising of its own. It said on its Twitter page it has more than 42,000 employees on the continent, with 1,253 branches and 12 million customers in 12 African countries
Barclays’ new CEO, Jes Staley, will announce on Tuesday the British bank’s plans for its African business, the U.K.’s Financial Times reported on Friday.
“After a review of the African business led by Jes Staley, the bank’s board decided last week that, in principle, it made strategic sense to get out of the continent, according to people familiar with the matter,” read the article on Financial Times.
On Saturday, Barclays Africa responded to customers’ concerns about the future of Absa and whether their cash deposits were safe, BusinessDayLive reported. The reports are “still speculation at the moment” as there had been no announcement by Barclays, the company said. “Barclays Africa is the holding company for Absa and we are strong and independently funded,” the JSE-listed company said on Twitter Sunday.

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Kenya Falls Flat on its Face in a Global Corruption Index

corruption-kenya1456740022674400 (1)According to PwC report, economic crime is ever-evolving, and becoming a more complex issue for organizations and economies. In Kenya, the incidences of economic crimes rose to 61% from 52% in 2014.
World economic crimes rate stands at 36% while that of Kenya is at a staggering 61%, 25 percent above the global average, a new survey by consultancy firm PricewaterhouseCoopers (PwC) reports.

According to PwC report, economic crime is ever-evolving, and becoming a more complex issue for organizations and economies. In Kenya, the incidences of economic crimes rose to 61% from 52% in 2014 with 72% of respondents saying they had experienced asset misappropriation in their organization.

Although the regulatory landscape is also changing, the report indicates that the change is “bringing with it numerous challenges to doing business.” It further argues that local law enforcement is not necessarily perceived as able to make a material difference, the onus is squarely on the shoulders of the business community to protect itself, and its stakeholders, from economic crime.

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The best company to work for in Africa is?

Cape Town – Procter and Gamble is the top firm to work for in Africa, with East African Breweries and Microsoft taking the second and third spots respectively.

This is according to the first ever employee-driven survey ranking the 100 best companies to work for in Africa, which is published in the January issue of African Business magazine.

Also making the top 100 best employers were DStv, Total, Shell, JP Morgan, Ecobank, GE and Dangote. The African Development Bank, the World Bank Group and Nestle were identified as the three companies that the most of the 13 242 respondents would be interested in working for, having been reviewed the most times, though their final scores were not as high as any companies in the top 10.

The survey is the only independent survey of all 54 African markets and based on 29 separate global, local and pan-African attraction drivers used to define a great employer and that respondents from Africa’s talent pool provided their views on organisations that they would be most interested in working for.

It also provides data-driven analysis designed to enable companies to better adapt their talent strategies.

The survey is spearheaded by leading African recruitment specialists Global Career Company in association with Towers Watson.

“The lessons to be taken forward from the Employer of Choice study will make a lasting impact on the African talent landscape, as the best adapt to get better and those who did not make it this time strive to catch up” said Rupert Adcock, Founder and Managing Director of Global Career Company.

“When the numbers came in, I expected to see a dominance of the bigger companies and the multinationals. And that is the case. Some companies did much better than I anticipated however, and that goes for the top 3,” said African Business Publisher Omar Ben Yedder.

“It is credit to them and their policies that they have made the top spots. I was also happy to see some strong African groups competing with the more established names. I’m sure that more will reach the Top 100 next year.”

The research contributes significantly to the debate on how workers in Africa is compensated, said Yves Duhaldeborde, who is a director at Towers Watson.

“It is clear that unlike many developed economies, base pay isn’t as an important a driver. Employers need to look at how to incentivise their workforce through initiatives that encourage new skills and promote opportunities to make a difference to the organisation.”

Originally posted here on Fin24.com website

Chinese migrants in Africa confront new challenges as economy worsens

chinesemigrantsThousands of Chinese migrants who settled in Africa over the past ten years now face mounting uncertainty as economic growth slows across the continent and back home in China. While there are no reliable estimates as to how many Chinese migrants there are in Africa, experts believe the population to be somewhere between one and two million people.
The Chinese expatriate and immigrant communities in Africa are extremely diverse, and for a certain slice of that community the new, grim economic realities pose real challenges. Many are either too poor or too financially invested in Africa to go anywhere else.
Dr. Yoon June Park is one of the world’s leading experts on Chinese migration in Africa. Dr. Park is an Adjunct Associate Professor in the African studies department at Georgetown University in Washington, D.C. She joins Eric & Cobus to discuss what impact the slowing global economy will have on China’s migrant population in Africa.

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Ethiopia Launches First Air Ambulance Transport Service

etheopiaEast African Aviation, a private company, has launched Ethiopia’s first ambulance transportation service.
The company is owned by Capt. Mulat Lemlemayehu, a former commercial pilot at the Ethiopian airlines who also owns an aviation school and air charter service.
It’s the first air ambulance service in Ethiopia with aircraft equipped with state-of-the-art medical equipment and licensed, medically trained personnel to provide air transportation for those requiring prompt medical attention in East Africa.
“With the state-of-the-art medical equipment fitted in the air ambulance, we specialize in transporting patients with the same level of care that would be expected from a hospital ICU,” Lemlemayehu said. “Air ambulance has been nonexistent in our country.”
Ethiopia has more than 90 million people, a tourist hub in the region and Addis Ababa is the diplomatic capital of Africa with a large international community, he said.
He told reporters that East African Aviation has a team pilots who have served Ethiopian Airlines for years.
Lemlemayehu founded the company after working for Ethiopian Airlines as a commercial pilot for 39 years

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