Annansi Chronicles

Designer Ozwald Boateng on dressing President Obama and his Made in Africa wealth initiative

In this three part series fashion designer Ozwald Boateng talks with CNN about outfitting President Obama for his recent Ghana visit and the designer’s new initiative “Made in Africa”.

Part 1: Tailoring for the President
CNN’s Monita Rajpal talks British-Ghanaian tailor Ozwald Boateng about his rise to fame and tailoring for President Obama’s Ghanaian visit.

Part 2: Made in Africa Ozwald Boateng talks about ‘Made in Africa.’ An organization designed to promote wealth and self sufficiency in Africa

Part 3: Designer to role model
British-Ghanaian tailor Ozwald Boateng explains his plans to help tailor Africa’s image problems.

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Maker Faire Africa edition 2009 (video)

Below is an excellent video documenting the recent inaugural Maker Faire Africa event held in Accra, Ghana. The event was organized as a a celebration of African ingenuity, innovation and invention, with strong participation by local makers. Find out more about the event and the upcoming 2010 Kenya edition at the official website here. A job well done by the organizers.

via whiteafrican

Growing middle class and Africa’s demographic opportunity

The Economist writes an insightful article about the direct relationship between Africa’s lowering birth-rate, it’s growing middle class, and the continent’s economic growth.

Africa is still something of a demographic outlier compared with the rest of the developing world. …Its population has grown from 110m in 1850 to 1 billion today. …To get a sense of this kind of increase, consider that in 1950 there were two Europeans for every African; by 2050, on present trends, there will be two Africans for every European.

…Yet Africa is also starting out, a little late, on a demographic transition that others have already traced: as people get richer, they have fewer children. …It is surely no coincidence that the past 15 years have seen Africa’s fastest-ever period of economic growth. Africa, exceptional in so many ways, does not seem to be an exception to the rule that, as countries get richer, they experience a demographic transition.

…The result is a “demographic dividend”, which can be cashed in to produce a virtuous cycle of growth. A fast-growing, economically active population provides the initial impetus to industrial production; then a supply of new workers coming from villages can, if handled properly, enable a country to become more productive. China and East Asia are the models. On some calculations, demography accounted for about a third of East Asia’s phenomenal growth over the past 30 years.

The article presents an interesting view. Africa is going through a renaissance of sorts as the demographics of influencers have shifted tremendously in the past 10-15 years. It’ll be interesting to see the shape the continent and it’s cultures takes in the next few years.

More about the growing African middle class in the videos below:

The Nigerian middle class profiled

Ghana on the rise

Middle class life in Nairobi, Kenya

Obama and Hillary Clinton visits a boom or bust for African business

As President Obama and Secretary of State Hillary Clinton both prepared to make visits to Africa recently there was a sense of excitement and anticipation. While the excitement was primarily within the African diaspora, other communities around the globe also began to share in the excitement. But as Obama and Clinton have come and left the continent, many have questioned if the “historic event” had a big enough effect on investment and perception the African continent. It may be too soon to tell but if the statistics are any indication, heightened global interest in Africa may already be starting to wane. So might African countries have missed an opportunity to move the continent’s re-brand efforts to another level and capture global attention in a BIG way?

According to Snapstream.com’s TV trends tracking service, between October 2008 and the months up to Obama’s visit to Ghana, the average mention of the word Africa on the primary American television networks was about 20 to 30 mentions per day with mentions reaching the highest of 169 in any one day. In the first two days of Obama’s arrival in Ghana, mentions of Africa on US television jumped to about 719 mentions on July 11th, the day Obama gave his speech in Ghana. Also Secretary of State Hillary Clinton’s recently concluded tour of Africa and the momentary controversy in Congo, has kept Africa in the news for the second month straight in 2009.

By all standards, and considering the context, these are enormous global opportunities where African countries could heighten awareness and promote any partnership opportunities they have. While some might say that the attention was only regulated to political forums, an analysis of the overall mentions of Africa across social media media platforms shows the contrary.

An analysis of Google search trends shows that global search for terms associated with Africa have begun to climb as the continent stays in the news. As both President Obama and Sec. of State Clinton went on tour in Africa, the countries they visited have seen an increase of search activity, another great opportunity to the tourism industries.

But with all the possibilities of global business, I still wonder how much sustained business opportunities are really being made available for African entrepreneurs and non-governmental businesses.

In their reflection of Obama’s visit to Ghana the Daily Kos writes

In Cape Coast where the Obamas visited the slave fort – Cape Coast Castle, and the palace of the Oguaa Chief (of Cape Coast), the crowds were similarly excited yet disappointed that they had no opportunity to see President Obama’s remarks given while there. Nevertheless, the mood remained upbeat with local residents stating that they understood the need for all the souped up security arrangements for this particular US President. At the airport later in the early evening, prior to departure, the crowd that gathered there did finally get the chance to see and hear Pres. Obama. Everybody else simply stayed glued to their teevee sets all day. My other beef was that not a single local Ghanaian journalist was granted an interview with President Obama, yet Anderson Cooper of CNN gets one. Yes, Obama had an interview with AllAfrica.com prior to his arrival in Ghana, but a local interview would have helped cut through the physical security cordon and enabled the US president to directly hear from the local media that he praised so much in his speech for their critical work in advancing democracy in Ghana.

Certainly tourism to Ghana and possibly Africa in general is going to rise as many in the west will associate the country with a presidential visit, stability, and democracy, but will that be the end result? Could the Ghanaian government have done more to secure long term more widespread attention to Ghana? Could Secretary Clinton’s visit have been more impactful to everyday Liberians or Kenyan’s beyond the prestige factor? Neither Obama’s or Clinton’s trips were merely for entertainment and there are policies in the works, but if Africa is to truly benefit from them the attention and information exchange must be sustained by Africans over a longer period of time. Only through synchronized planning between African entrepreneurs and governments, could such high profile events truly be maximized for the rapid growth of African countries.

What do you think? Were the President Obama and Secretary Clinton visits a boom or bust for African business?

Bono on Obama’s 1st Africa visit as President and rebranding the continent

But as the example of Ghana makes clear, that’s only one chord. Amid poverty and disease are opportunities for investment and growth — investment and growth that won’t eliminate overnight the need for assistance, much as we and Africans yearn for it to end, but that in time can build roads, schools and power grids and propel commerce to the point where aid is replaced by trade pacts, business deals and home-grown income.

President Obama can hasten that day. He knows change won’t come easily. Corruption stalks Africa’s reformers. “If you fight corruption, it fights you back,” a former Nigerian anti-corruption official has said.

President Obama on Africa and upcoming visit (video)

This week President Obama will make his first visit to sub-Saharan Africa as president of the United States. The visit is greatly anticipated by Africa as a whole and Ghana specifically. In the videos below he talks to allafrica.com about Africa now and to the future.
Part 1

Part 2

Video: Ozwald Boateng on career, design and Ghanaian influences

Part 1

Part 2

via YG

Ghanaian Photography exhibit

If you’re in the NYC area this evening make sure to head over to Ghanaian photographer Stanley Lumax’s opening of photos from his recent trip to Ghana. Details below.

Back to My Roots
Photography By Stanley Lumax Jr.
May 22 – June 18th, 2008
Opening Reception
Thursday, May 22, 2008
7-9 pm
Habana Outpost
757 Fulton St. & South Portland
Brooklyn, NY
C Train to Lafayette
RSVP: info@stonefacephotography.com

More oil found in Ghana

The headline says it all.

Tullow Oil has made another “significant” oil discovery in Ghana, in a block adjacent to one where it made a big discovery in June, supporting investor hopes that the country will become a major profit centre for the firm.
London-based Tullow said in a statement on Wednesday that the Hyedua-1 well discovered “a significant light oil accumulation”, in the Deepwater Tano block, which Tullow operates and in which it has a 50 percent stake. U.S.-based Anadarko Petroleum Corp and private-equity backed Kosmos Energy own 18 percent each.

Oil will be developed as soon as 2011. Read more

(via YG)

Hilton Hotels brings brand to Ghana

Inc. Magazine alerts us to an announcement by Hilton Hotels that it will open its first property in Ghana in early 2010. Named The Hilton Accra Airport City, the 186-room property will be located in Airport City, a new mixed-use development in the heart of ‘upscale’ Accra. This makes Hilton Hotels one of the first upscale international brands to operate in the capital city of Accra. Owned by Grand Real Estates and Company Limited and managed by Hilton Hotels Corporation, the new property will become Hilton’s ninth property in Africa joining hotels in Morocco, Algeria, Nigeria, Ethiopia, Kenya, Cameroon and South Africa. Additional Hilton properties are under development in Africa in Equatorial Guinea (Malabo) and Uganda (Kampala).

Inc. Magazine’s Mike Hofman adds “Our latest survey of Inc. 500 companies, to be published in September, shows that America’s fastest-growing firms are currently doing business in at least 12 African countries, led by cosmopolitan South Africa but including such once-hard-luck cases as Uganda, Nigeria, Cameroon, Ethiopia, and Djibouti.”

This gives us a tremendous opportunity to establish our brand in an African country that is experiencing strong growth. Accra itself is a key commercial and tourism hub for the country, with a real and growing requirement for upscale hotels. Expansion in Africa is key to our development strategy, – Jean-Paul Herzog, President, Hilton Hotels, Middle East & Africa.