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Ghana ready for VW operations – Fitch



Ghana and two other sub-African countries have the required infrastructure and consumer base, albeit small, to support Volkswagen’s planned operations in the sub-region, rating agency, Fitch says in a report.

According to the report, “Our telecoms team believes that VW’s target markets, namely Ghana, Ethiopia and Rwanda, are developing quickly and the fast pace of growth in the 3G and 4G subscribers means that the urban population will be well placed to utilize app-based ridesharing and ride-hailing, such as that proposed by VW. VW last year announced its readiness to start an automobile factory in Ghana.

Furthermore, it emphasized that “our Consumer team believes that mobility concepts can serve as an introduction to car brands that consumers will be able to afford as their disposable incomes rise, while in the meantime providing consumers with an alternative method of personal transportation.

VW is, therefore, providing the blueprint for carmakers to test the waters in emerging markets (EMs) in the future, which gives automotive brands some exposure and reduces the risks of operating in EMs.

In analysing a niche market for mobility concepts, the report said “We believe that there is a niche market for “Mobility Concepts”, such as app-based ride sharing or shuttle-on-demand services, in the Sub-Sahara Africa (SSA)region, as there is a gap in the market between consumers who are not yet able to afford a vehicle but do not want to use public transport, such as buses and minibus taxis.”

Additionally, it noted that the Mobility Concepts target market will benefit from professional tourists, who travel for business purposes and are unlikely to utilise traditional public transport. This niche market has remained relatively untapped due to the significant cost of vehicles n SSA countries, especially in countries such as Rwanda, Ethiopia Uganda and Ghana, which makes these markets unattractive for ride-sharing operators, such as Uber.

Vehicle ownership very low

The report pointed out that passenger vehicles, both used and new, remain too expensive for the vast majority of consumers in SSA to afford, as countries in the SSA region have high barriers of ownership in the form of high import taxes and low-income levels.

This is reflected in the SSA region’s performance on Autos Sales Risk/Reward Index (RRI), which ranks the attractiveness of automotive sales markets based on several criteria.

Under the ‘vehicle ownership, per 1,000 people’ category, the SSA region only manages an average score of 17.7 out of a possible 100, significantly underperforming the global average of 50.0, which highlights how significant the barriers are for vehicle ownership in the region.

This further demonstrates the potential for ride sharing and app-based ride-hailing services in the region, especially as there is a growing upper middle income bracket, which falls within the mobility concept target market of consumers who cannot afford to own vehicles but do not want to use traditional public transport.

Higher income consumers limited but supportive

The report explained that the consumer team believes that there is a small yet growing number of higher income consumers who fit into the Mobility Concepts target market.

“We estimate that the total target market size for mobility concepts in Ghana, Ethiopia, Rwanda, Uganda, Gabon, and Cote d’Ivoire is around 1.5 million people”, the report added.

The mobility concepts’ target market will further benefit from the growing number of business travellers who will be unlikely to utilise the public transport in the majority of SSA countries.



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EVENT: 12 pm in Kantamanto by Cymple




Prior to the announcement of “12 pm in Kantamanto” on 7th March 2019 was the buzz on social media of tweets and photos of Cymple, the stylist, posing on the streets of Accra with the theme “SAD”.

“SAD” became a concept one Saturday when the popular stylist, Cymple, roamed the streets of Kantamanto, the fashion hub in Ghana, observing the movements and activities of people in town.

Kantamanto is a daily busy flea market filled with brand new clothes and shoes, store rejects and second-hand outfits where most Ghanaians shop at lower prices. Out there under the scorching sun, he saw people in his field transport clothes or bolts of fabric on their heads and on trolleys, sellers calling out to customers, some shoving Artifacts in the faces of customers, others pulling their customers into their stalls or shops or table tops, etc. He got the inspiration of working on a collection with everything bought from Kantamanto when he came across the tailors who carry their machines around and those who iron clothes in town, among others who did this to earn a living. In his eyes, it was a sad experience but from interacting with these people, he found out they were happy despite the daily hustle to get people clothes to wear, filling their pockets with some money to feed themselves and their families. “SAD” in his perspective, is beautiful in a weird way.

12 pm in Kantamanto is a runway fashion show put together by Cymple, and a few street brands in Ghana, such as Wae Originals, Tribe of God, Free the Youth and Vigi Force, to promote street fashion in Ghana and acknowledge the hard work of the men and women selling in Kantamanto. It is basically a display of street content. The fashion show comes off on 30th March 2019 at the Moni3 studios-Haatso at 6 pm with tickets going for 20cedis. Come through and let us support street fashion in Ghana.

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BREAKING: Anas to petition Special Prosecutor over Galamsey fraud video



Anas and his Tiger Eye Pi team are set to present a petition to the office of the Special Prosecutor investigate the suspects who were caught taking bribes to facilitate illegal mining despite the government clamp down on the act.

“The team will Send a petition to the office of the Special Prosecutor, which I believe is ready, and the team is ready to deliver to the office of the special prosecutor who has the mandate to investigate such things.

“The petition says some people have been exposed in bribery and corruption and thwarting the state’ effort at fighting illegal mining,” one of the lawyers for Tiger Sammy Darko told Francis Abban on the Morning Starr Thursday.

Meanwhile, the Ranking Member of the Mines and Energy Committee of Parliament Adam Mutawakilu has called for the prosecution of public officials implicated in the video.

The investigative piece christened ‘galamsey fraud’ uncovered massive scale of fraud perpetrated by some members of the Inter-Ministerial Committee against Illegal Mining.

The Committee was established to supervise the ban on small scale mining which was imposed in March 2017 when it was observed that small scale mining was being used as a cover for irresponsible mining as well as even illegal mining in many parts of the country.

The practice fast led to a degradation of the environment affecting severely rivers and forest reserves. In some cases, it even led to a contamination of agricultural products as a result of the absorption of dangerous chemicals used.

Details from the investigative piece spearheaded by ace investigative journalist Anas Aremeyaw Anas, however, point to a coordinated attempt by key members of the committee to derail the government and President Akufo-Addo’s efforts to fight the illegal mining menace.

A presidential staffer and Secretary to the Inter-Ministerial Committee on Illegal Mining Charles Cromwell Bissue has been fingered as the foremost collaborator against efforts by President Akufo-Addo to fight the menace.

Commenting on the expose’ on Morning Starr Ranking Member of the Mines and Energy Committee of Parliament Adam Mutawakilu told host Francis Abban President Akufo-Addo must immediately fire those implicated and hand them over to the police for prosecution.

“I expect the president to have fired these people by now and be prosecuted,” he said.

But, he said he believed the president will not because “he is benefiting from that activity.”



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North Korea’s Kim Jong Un and President Trump met in Hanoi today for their second summit, with Trump denying any suggestion he was backpedaling on U.S. demands for North Korea’s denuclearization.

Kim and Trump shook hands and smiled in front of a row of their countries’ flags at the Metropole Hotel in the Vietnamese capital.

Trump told reporters he thought the talks would be very successful, and asked if he was “walking back” on denuclearization, said “no”.

Some critics said he seems to be bending on a long-standing U.S. demand for complete and irreversible denuclearization by North Korea and risked losing leverage if he gave away too much in the talks too quickly.

Kim said they had overcome obstacles to hold their summit.

“Now that we’re meeting here again like this, I’m confident that there will be an excellent outcome that everyone welcomes, and I’ll do my best to make it happen,” Kim said.



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