By Jeorge Wilson Kingson
The Africa Business Confidence Index (ABCI) for the month of September has revealed growth in both the index for manufacturing and non-manufacturing sectors in Africa. The difference compared to August in the manufacturing and non-manufacturing indices shows a decrease
of about 1.1 and 2.0 percentage points respectively.
The index measures business confidence in the manufacturing and non-manufacturing private sector throughout Africa with the results published on monthly basis. The September ABCI results indicate confidence and growth with an index of 51.3 and 53.3 for the
manufacturing and non-manufacturing sectors respectively.
Business professionals from about 30 countries in Africa participated in the survey making the results a reliable gauge and early indicator of the underlying economic activity on the
African Continent.
The ABCI follows a similar methodology and logic as the PMI indices which set the global standard. Members of the Africa Business Panel are business professionals and entrepreneurs working in Africa’s private sector.
On a monthly basis they are invited to report change from the previous month on indicators such as new orders, production, employment, supplier deliveries, inventories, costumer inventories, prices paid, backlog of orders, new export orders and imports for the manufacturing sector. Same are the indicators for the non-manufacturing sector.
Africa Business Panel (ABP) is a joint initiative of Africa Business Communities, a fast-growing network of African entrepreneurs and business professionals, and NarrowMinds which is a leading architect of online market research and loyalty programs.
US-Based Doctor Supports Weija Leprosarium, Underprivileged Children In Ankaase With Cash & Food Items
In a remarkable display of philanthropy, US-based medical practitioner, Dr. Kofi Kyei Sarfo, and the Sarfo family have made significant donations to support vulnerable communities in Ghana. During his visit to Ghana for the Christmas and New Year festivities, Dr. Sarfo and his family donated assorted food items and $5,000 to the Weija Leprosarium in Accra. This generous act aims to improve the lives of the inmates and support the tireless efforts of Rev. Father Andrew Campbell, founder of the Lepers Aid Committee. The donation to the Weija Leprosarium is a testament to Dr. Sarfo's commitment to giving back to his community. He praised Rev. Father Andrew Campbell for his selfless work in integrating cured lepers into society, emphasizing the need for continued support to ensure the well-being of the inmates. Dr. Sarfo encouraged others to follow in his footsteps, stating that every donation, no matter how small, can make a significant difference in the lives of the inmates. The don...
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