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AFRICABIZ VOL 1 - ISSUE: 50
JUNE 15 - JULY 14, 2003
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Editor: Dr. Bienvenu-Magloire Quenum
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A WORD FROM THE EDITOR


Dear visitor and international investor,


We warmly welcome you, if this is your first visit to Africabiz Online - The ultimate newsletter on trading and investing in 49 sub-Saharan African countries. If you are a regular and faithful reader, welcome back.

The section about Business Opportunities In Africa deals with a small scale operation to producing marketable pure essential oil right from your kitchen table. Click here for more.

- NOW WHAT? G-8 SUMMITS WILL NEVER DELIVER

One year ago, on June 28, 2002, we added an addendum to Africabiz Online Email Edition's Issue 34, stating:

"Here we are. On this June 28, 2002 G-8's heads of states finished their two-day meeting in the remote hideout of Kananaskis, Canada, without dealing properly with the financing package needed to launching NEPAD' implementation.

The outcome is not a surprise - as far as Nepad is concerned. G-8's leaders promised to better tackle the matter next year. And next year, they will promise for the next one! And year after year Africa will continue to drift into sheer poverty.

It is obvious that the wealthy states will not hand out points of economic growth to any emerging country. Have you ever seen a prosperous merchant freely giving market share to competitors?

Africa will have to fight to win its share of the world's market. We Africans will never gain anything from G-8 free! We will be panting year upon year after the carrot for no benefit.

ASIA COUNTRIES ON THE ROAD TO MONETARY UNION

11 central banks and monetary authorities in the East Asia and Pacific region, through The EMEAP (Executives' Meeting of East Asia and Pacific Central Banks) strengthen their monetary and financial cooperation . They setup on June 2, 2003 Asian Bond Fund (ABF). An important step in regional cooperation aiming at promoting bond markets in the region. Click here for more.

Let us become realist and devise alternative strategies to control the economic development of our countries."

Just like the Asian tigers did. They didn't bank, from the start, on any kind of NEPAD.
It is only now in year 2003, that, after four to five decades of sustainable double-digit rated economic growth, they are contemplating a strong economic union."

Above paragraphs quote what we wrote one year ago, on June 28, 2002, after the non-positive result achieved (for Nepad financing) by the G-8 meeting at Kananaskis, Canada.

The non-productive outcome of 2003's G-8 summit (Evian / France June 1-2), unfortunately, proves us right. The summit did not deliver the financing package for NEPAD's implementation as expected by the African sponsors of the scheme.
[Click here for a disappointed assessment of the summit by Patrick Nicholson, spokesperson for British aid agency - Cafod. In case the link is no more available, you may Search BBC Online with the following search string: Patrick Nicholson, G-8, Evian, France, June 2003, date of publication: June 3, 2003]

Considering the current tense international political situation (Iraq, North-Korea, Iran, Afghanistan, Middle East - to name the few) one can easily predict that the forthcoming 2004's G-8 summit (scheduled to be held in the United States of America) will not produce any tangible result for Africa. Neither will do the subsequent summits for at least 5 to 10 years!

IT IS HIGH TIME TO PLAN FOR ALTERNATIVE STRATEGIES


It is now obvious that the wealthy countries' leaders will not hand over to Africa their hard-won economic growth points. That is normal. They are elected to their leadership positions to securing the prosperity of their countries' folks. A joint statement of African Unions and non governmental organizations, at the end of G-8's Evian summit, stated: "The political will of the eight most powerful countries to meet their obligations to Africa has simply dried -up" - and implicitly recognized the deadlock.

Let us face the truth. G-8 summits will not deliver the "huge" financing package requested by NEPAD' sponsors.


Therefore, we Africans have to urgently organize our respective national economy in order to raise our global share of the international market - upwards from the ridicule 2% we now have to build up the prosperity of our countries as the Asian tigers did. It is urgent to think about alternative strategies because as here exposed, NEPAD, as conceived, is not the answer to the developing gap.

[Click here to read in AllAfrica.com What Nepad Is Really About?. In case the link stop working you may find the article making research in Business Day with the following Search string: December 6, 2002, Jonathan Katzenellenbogen, Nepad.]

WHICH STRATEGY THEN? PROJECT ORIENTED SCHEMES


As here discussed, double-digit economic growth rate is an absolute necessity for the sustainable economic development of any emerging country. Could Nepad's initiatives trigger double-digit annual economic growth-rate in each African country? In a short span of time to counterbalancing the growth-rate of the populations and inflation rate?To resorb the high level of unemployment - 20% to 60 % of the available workforce - existing in the majority of African countries?

We strongly doubt Nepad could trigger the sustainable economic development of any African country. Our conviction is reinforced by the "negative" outcome of successive G-8 summits. We have to face the reality. G-8's countries will not, for many political and economic reasons, provide, in one go, the "huge" financing package [US$ 64 billion] needed to implementing NEPAD. Furthermore, existing regional organizations throughout Africa failed, till now, to trigger the sustainable economic development of their members states; after more than two to three decades of activities, which shows that regional groupings are not either the answer to the developing gap.

Even if things improve and G-8 eventually delivers, in the near future, some kind of financing backing to implementing Nepad, it is unrealistic to expect NEPAD, as now conceived, generating, in the short term, double-digit annual economic growth-rate. Because, first, Nepad implementation will be taking at least a decade to be fully operational; and, second, Nepad's listed initiatives are global and not projects oriented from the start. These different initiatives will take two to three decades to producing tangible economic results.

In the meantime, the increase (3% in average per year) of the populations will continue to eat out the meager economic growth rate achieved by African countries (5 to 8% maximum) not to mention the inflation rate. Consequently, the majority of African countries will soon be engulfed in aggravated poverty leading to political destabilization, civil unrest and civil wars.

Therefore, in addition to the efforts made to promoting Nepad, Africa's leaders will quickly improve the economic development of their respective country if they devise and promote projects oriented development schemes. Projects that link together agriculture development, industrial transformation of crops and expansion of related services. These projects oriented integrated schemes are doubtless more attractive to direct foreign investors and to the international commercial banking system. Click here for a case study.

Such integrated development schemes - having the inherent capacity (Synergetic Impact Factor) of boosting up the economic development and creating riches, are capable, in a very short span of time of 10 years, to tremendously multiplying the per capita Gross National Product of any African country.

Click here for a case study on how to boost the per capita GNP from US$ 380 to US$ 2,500 in ten years for an African country.

FINANCING IS THE MAIN ROADBLOCK


In a previous delivery, we stated : "There Are Already Aplenty of Initiatives To Boosting African Economy. Score of International Supporting Organizations, several African Regional Organizations, Multilateral Economic Treaties...But financing is the roadblock. If a solution is found to financing projects in Africa, a huge step forward will be made to integrate Africa into the mainstream of international trade".

All existing initiatives to boosting the African economy are good ones. Treaties with the European Union and AGOA are useful. However, they need, to yield success, to be backed, first, by a flexible and pragmatic financing supporting scheme; and, second, by national implementation bodies. Otherwise, the implementation of projects in African countries will not yield tangible and sustainable economic results. And subsequently, year upon year, Africa' share of the international trade will remain at the ridicule level of 1-2%.

NEPAD' sponsors are searching for US$ 64 billion to implementing NEPAD. We know now for sure that G-8's summits will not deliver such an amount in one go. African leaders may succeed convincing their G-8's counterparts if they lobby for one third of said amount, for instance, to be setup to establishing an International Bank Guarantee Structure - IBGS - for Africa.

With such Capital amount in the range of US$ 21 billion, the International Bank Guarantee Structure For Africa could easily raise twenty times more money i.e. US$ 400 billion (during the first two operational years) on the international financial market
. Click here to read more about the proposals about the International Bank Guarantee Structure and National Implementation Business Centers. And here on how to boost-up the GDP of an emerging country from US$ 300 to 2,500 in ten years. The justification for the amount of US$ 400 billion is here to review.

Your feedback / objection / contribution is welcome. Visit WorldWide BizCenter, and choose General Information (as topic) to create a thread for discussion. On the top of the WorldWide BizCenter page, there is a HELP link to assist you making an efficient use of the discussion board. This link also is useful

THE PROBLEM OF COLLATERAL ENHANCEMENT TO SECURING A LOAN

In continuation to our delivery dedicated to How Financing Research Brokerage Works, here is exposed Dr. Quenum & Associates / The Dynamic Group, LTD advises on how to tackle The problem of Collateral Enhancement To Securing A loan

- Contributor's Guidelines are here for review. Your contribution on "How African countries / entrepreneurs could bridge the developing gap" is welcome.

Many thanks for dropping by and see you here on July 15, 2003


Dr. B.M. Quenum

Editor of AFRICABIZ
Contact Dr. Bienvenu-Magloire Quenum

BUSINESS OPPORTUNITIES IN AFRICA


- Several business opportunities - component parts of the Integrated Developing Scheme described in Africans, Stop Being Poor! are listed in following table.


a- SHEA BUTTER (Issues 5, 6, 7, 11, 12, 13)
b- BLUE GOLD (Issues 14, 15, 16, 17, 18, 19)
c- FREEZE-DRIED PAPAIN (Issues 20, 21, 22 and here)
d- KENAF (Issues 23, 24)
e- VEGETABLE OIL (Issues 25, 26, 27 and 28)
f- CEREALS (Issues 30, 31, 32, 33)
g- FRUITS (34, 35, 36, 37, 38, 39, 40, 42, 43, 44, 45, 46)
h- ESSENTIAL OILS (47, 48, 49)

- TROPICAL FLOWERS AND FRAGRANCE PLANTS AGRIBUSINESS AS INCOME BUILDING POWER FOR AN AFRICAN COMMUNITY: PART - IV - PRODUCE ESSENTIAL OILS AS A HOME BUSINESS / SMALL SCALE PRODUCTION OF ESSENTIAL OILS

Essential oils are odorous products from natural raw materials such as leaves, fruits, roots and wood of many seasonal or perennial plants. They are of complex composition and contain alcohol, aldehydes, ketones, phenols, esters, ethers, and turpenes in varying proportions. An estimated 3,000 essential oils exist of which around 300 are of commercial importance. Most of them obtained from agricultural plants, but some 28 essential oils collected in commercial quantities from wild sources Here is a shortlist of essential oils and the plants they originated from; with the main producing countries.

To give an idea of the complex mixture of chemical ingredients present in essential oils, the chemical composition of Geranium essential oil is exposed here

- PRODUCTION YIELDS OF SOME RAW MATERIALS SUITABLE TO PRODUCING ESSENTIAL OILS

In Table below, extracted from an original based on data from the the US' Department of Agriculture, are listed some plants, seeds and fowers suitable to producing esential oils; and the percentage of the raw material, which yields the final product.
<

Raw Materiasl

Species

Parts Used

% Yield

Allspice

Pimenta dioica

ground seeds

4.5

Angelica

Angelica archangelica

root

0.3 - 1.0

Anise

Pimpinella anisum

seed

1.5 - 4.0

Calamus root

Acorus calamus

roots

1.5

Camphor tree

Cinnamomum camphora

leaves & twigs

2

Cardamom

Elettaria cardamomum

seeds

8

Carrot

Daucus carrota

seed

0.1 - 7.1

Cassia bark

Cinnamomum aromaticum

quills

1.5

Cassie

Acacia farnesiana

flowers

1.9

Cedar wood

Juniperus virginiana

wood chips

4.5

Clove

Syzygium aromaticum

flower buds

14 - 21

Coffee

Coffea species

roasted "beans"

0.12

Corriander

Coriandrum officinalis

seed

1

Garlic

Allium sativum

root bulbs

0.1

Geranium

Pelargonium species

leaves

0.3 - 2.0

Ginger

Zingiber officinale

rhizome

3

Lavender

Lavendula angustifolia

flower tops

0.5 - 1.0

Lemon peel

Citrus limon

fruit rind

2

Lemongrass

Cymbopogon flexuosus

leaves

1

Marjoram, sweet

Origanum majorana

leaves

0.9

Mignonette

Reseda odorata

flowers

0.002

Mustard, black

Brassica nigra

seeds

1.5

Nutmeg

Myristica fragrans

seed

15 - 25

Orange peel

Citrus species

fruit rind

1.5 - 2.0

Orange flowers

"

blossoms

0.1

Oranges, unripe

"

young fruits

3.0 - 5.0

Oregano-wild marjoram

Origanum vulgare

leaves & stems

1.2

Parsley

Petroselenium crispum

seeds

6

Parsley

"

leaves

0.5

Patchouli

Pogostemon cablin

leaves

2.0 - 4.0

Pepper, black

Piper nigrum

seeds

2.5

Pepper, white

"

powdered seeds

1.5

Peppermint

Mentha x piperita

leaves & tops

1.0 -2.5

Rose

Rosa species

flowers

0.006

Rosemary

Rosmarinus officinalis

leaves

2

Sandalwood, white

Santalum album

root wood

4.5

Sassafras

Sassafras albidum

root bark

4

Tangerine peel

Citrus nobilis

fruit rind

0.5

Thyme

Thymus vulgaris

leaves & stems

2.5

Tumeric

Curcuma longa

root powder

5

Vervain

Verbena officinalis

leaves & tops

0.2

Vetiver

Vetiveria zizanioides

root

0.9

Ylang ylang

Cananga odorata genuina

flowers

2

The Yield's percentages above listed (last column at the right side of the table) will help you estimate the purchasing cost of the raw material you used to producing essential oils right from your kitchen table as below exposed.

- SMALL SCALE PRODUCTION RIGHT FROM YOUR KITCHEN TABLE

There is in the trade equipement size-up for just 2 liters for the boiling sink (primary boiler); and 2, 5 or 10 liters for the secondary boiler, which contains the raw material. [Click here for more on production methods]. Pricing is in the range of US $ 300 to 1,000. Click here for more. Samples of essentials oils obtained with the small scale equipement show on the image below.

Click here
for instructions on how to proceed. For useful instructions on how to prepare the raw material (harvesting, drying and storage) Right Click here and choose "Save Target As" to download an interesting Adobe PDF document. You may need Adobe Reader. Click here for the equipment page

Here is a Newsletter on market trends about raw material pricing. Need courses about Essential Oils before starting the production as a home business? Click here.

And look here to compare selling prices of several essential oils (Input Essential oil in the Search Field of the website or look into Health & Beauty directory) and evaluate your benefits after deducting operational costs. Here is another prices' list.

MORE ON ESSENTIAL OILS
1- Essential Oils Desk Reference
By Essential Science Publishing (Hardcover - Oct 2007)
2- The Complete Book of Essential Oils and Aromatherapy: Over 600 Natural, Non-Toxic and Fragrant Recipes
By Valerie Ann Worwood (Paperback - Mar 1, 1993)
3- The Essential Oils Book: Creating Personal Blends for Mind & Body
By Colleen K. Dodt (Paperback - Jan 3, 1996)
4- Essential Oils Pocket Reference 3rd Edition (Spiral Bound 2004, 3rd Edition) (Spiral-bound - 2004) - Unabridged
5- Releasing Emotional Patterns with Essential Oils
By Carolyn L. Mein (Paperback - Sep 1, 1998)
6- Essential Oils Integrative Medical Guide: Building Immunity, Increasing Longevity, and Enhancing Mental Performance
By D. Gary Young N.D. and Ronald M. Lawrence M.D. Ph.D. (Hardcover - April 1, 2003)
7- Quick Reference Guide for Using Essential Oils2006 10th Edition
By Connie and Alan Higley (Spiral-bound - 2006)
8- Magical Oils by Moonlight: Understand Essential Oils, Their Blends and Uses; Choose the Appropriate Day
By Maya Heath (Paperback - April 2004)

Adobe Acrobat Reader is available here

Issue 51 exposes a medium / large scale operation to producing essential oils on industrial basis.

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