Category: Business

Public-private Partnerships Promise a Bright Future for the African Pharmaceutical Industry

The African pharmaceutical sector is expected to grow tremendously in the coming years. The opportunity is such that public-private synergies are key to the development of the industry. These were the conclusions that emerged from the first African Pharmaceutical Summit, held on September 23 and 24 in Hammamet, Tunisia.

FedEx Unveils Strategic Acquisition Deal in Southern Africa

FedEx Corp. (NYSE: FDX) announced today that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in South Africa and four other countries, including Malawi, Mozambique, Swaziland and Zambia, and is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is subject to necessary regulatory approvals and customary closing conditions.

Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/fedex-1.jpg

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Once the acquisition is completed, FedEx Express will have direct access across the seven markets to 39 facilities and will welcome approximately 1,000 of Supaswift’s team members, who will join the ranks of more than 300,000 FedEx team members globally. FedEx Express will then offer a complete suite of FedEx branded export, import and domestic solutions, connecting Southern Africa to more than 220 countries and territories worldwide, enhancing customers’ business flexibility and speed to market.

“The acquisition of Supaswift’s businesses, once closed, will provide customers with greater access to some of the world’s most rapidly growing economies,” said Frederick W. Smith, Chairman, President and Chief Executive Officer of FedEx Corp. “It is an important step in our international growth strategy and further strengthens our FedEx Express portfolio.”

Gerald P. Leary, President of FedEx Express Europe, Middle East, Indian Subcontinent and Africa, added: “FedEx Express has been active in Africa since the early 1990’s, through a well-established network of Global Service Providers. This acquisition, once completed, will reaffirm our support to customers in this region.”

Africa is currently the world’s fastest growing continent. Over the next decade its GDP is expected to rise by an average of 6% a year. South Africa alone makes up 21% of Africa’s total GDP, and is home to most major businesses in this region.(1)

“We are joining one of the most admired companies and best places to work globally. The transaction, once closed, will put us in a solid position to meet the growing needs of our customers, representing a common commitment to offer an enhanced service portfolio and superior quality to both current and prospective customers,” said Andrew Lovell, Chief Executive Officer, Supaswift (Pty) Ltd.

Supaswift started operations in South Africa in 1990. In 2005, Supaswift merged with MyExpress Pty Ltd., which had been offering FedEx Express international services in Southern Africa since 1991.

The integration of Supaswift’s businesses will commence once the transaction has been closed and is expected to be achieved gradually over a number of months.

Distributed by the African Press Organization on behalf of FedEx Corp.

(1) http://www.economist.com/news/leaders/21572773-pride-africas-achievements-should-be-coupled-determination-make-even-faster

Contact:

Greg Morsbach, FedEx Express

External communications

+32 2 515 88 27

gmorsbach@fedex.com

Gretchen Mathis

Media relations

+1 (901) 434-5701

gretchen.mathis@fedex.com

About FedEx Corp.

FedEx Corp. (NYSE: FDX) (http://www.fedex.com) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $44 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories worldwide. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

About Supaswift

Supaswift started operations in South Africa in 1990. In 2005, Supaswift merged with MyExpress Pty Ltd., which had been offering FedEx Express international services in Southern Africa since 1991. In addition to FedEx Express international services, Supaswift also offers a range of domestic and regional services in its area. A strong network of dedicated team members, vehicle fleet and a number of facilities around Southern Africa ensure that Supaswift provides its customers with exceptional service across the region.

IFC Signs Agreement to Increase Access to Business Training to 240 SME’s in Ghana

IFC, a member of the World Bank Group, today announced a new agreement with Advans Ghana Savings & Loans Ltd to expand access to the Business Edge training program in Ghana. The program will help entrepreneur’s gain the skills needed to succeed and supporting small business growth in the country.

The agreements will allow 240 SME’s to access world-class management training, run more efficient businesses and improve staff productivity.

Business Edge is an important part of IFC’s strategy to support smaller businesses in Africa. The interactive product has already helped more than

100,000 entrepreneurs in emerging markets improve their skills and

profitability.

Mary-Jean Moyo, IFC Country Manager for Ghana, said, “IFC places high priority on encouraging entrepreneurship in Ghana, which is supported by new partnerships and the expansion of the Business Edge solution. More robust small and medium enterprises are critical to creating jobs and generating growth for Ghana.”

Support for Business Edge is part of a broader effort by IFC to support the conditions for smaller businesses. Through efforts to encourage efficient and effective regulation in areas such as licensing, registration and taxation, IFC and its partners aim to improve entry points and other building blocks for small business success.

To improve access to finance, IFC collaborates with local financial intermediaries that enable SMEs to grow their businesses with affordable and tailored credit and investment. Inadequate access to finance constrains growth of small and medium businesses in Ghana and hinders job creation.

Only 22 percent of all Ghanaian firms have access to a line of credit, a figure that falls to 13 percent among smaller companies.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit www.ifc.org.

About Business EdgeTM

IFC Sustainable Business Advisory Services is supporting the growth of small and medium enterprises. Working with partners in Africa, IFC has helped thousands of entrepreneurs access the finance and skills they need to realize their potential. Business Edge™ is a face-to-face IFC training system that helps SMEs more easily access markets by strengthening their management capacity. The training can be customized for specific countries and regions in Africa. For more information, including a full list of ourcorporate partners and accredited training firms, visit

www.businessedge-africa.com.