Cape Town — The Africa Centre for Investment Analysis has presented AllAfrica Global Media with an 'Africa Economic Developer Award' on behalf of the New Partnership for Africa's Development (Nepad).
AllAfrica was one of 10 organisations to receive the award at a dinner in Somerset West, outside Cape Town, on August 11. The award citation lauded the pioneering work of AllAfrica in presenting news from Africa to the world. It noted that AllAfrica, which posts more than 1000 stories a day in English and French, is the world's largest electronic distributor of African news. At the dinner, the Minister of Environment, Planning and Economic Development for South Africa's Western Cape province, Tasneem Essop, made the formal presentation to AllAfrica's Vice President for Finance and Administration, Matambira Mate.
The Africa Centre for Investment Analysis, which is attached to the Business School of the University of Stellenbosch, Western Cape, coordinated the selection process, along with Africagrowth Research in Cape Town. The Nepad secretariat provided support.
Professor Nicholas Biekpe, a Ghanaian expert on finance and econometrics who is the center's director, said the honor, which was presented for the first time this year, will be conferred annually.
Other recipients of the award for outstanding contributions were: