Seven Killed in Sudan as Protesters Rally on Uprising Anniversary

Seven protesters were shot to death in Sudan on Thursday, medics said, as large crowds took to the streets despite heavy security and a communications blackout to rally against the military leadership that seized power eight months ago.

In central Khartoum, security forces fired tear gas and water cannons in the afternoon as they tried to prevent swelling numbers of protesters from marching toward the presidential palace, witnesses said.

They estimated the crowds in Khartoum and its twin cities of Omdurman and Bahri to be at least in the tens of thousands, the largest for months. In Omdurman, witnesses reported tear gas and gunfire as security forces prevented protesters from crossing into Khartoum, though some later made it across.

The protests in the capital and other cities marked the third anniversary of huge demonstrations during the uprising that overthrew long-time autocratic ruler Omar al-Bashir and led to a power-sharing arrangement between civilian groups and the military.

Last October, the military led by General Abdel-Fattah Burhan toppled the transitional government, triggering rallies demanding the army quit politics.

Some of Thursday’s protesters carried banners calling for justice for those killed in previous demonstrations. Others chanted, “Burhan, Burhan, back to the barracks and hand over your companies,” a reference to the military’s economic holdings.

In the evening, protesters in Bahri and Khartoum said they were starting sit-ins against Thursday’s deaths, one of the highest single-day tolls to date.

June 30 also marks the day Bashir took power in a coup in 1989.

“Either we get to the presidential palace and remove Burhan or we won’t return home,” said a 21-year-old female student protesting in Bahri.

It was the first time in months of protests that internet and phone services had been cut. After the military takeover, extended internet blackouts were imposed in an apparent effort to weaken the protest movement.

Staff at Sudan’s two private sector telecoms companies, speaking on condition of anonymity, said authorities had ordered them to shut down the internet once again on Thursday.

Phone calls within Sudan were also cut, and security forces closed bridges over the Nile linking Khartoum, Omdurman and Bahri, another step typically taken on big protest days to limit the movement of marchers.

On Wednesday, medics aligned with the protest movement said security forces shot to death a child in Bahri during neighborhood protests that have been taking place daily.

Thursday’s seven deaths, five in Omdurman, one in Khartoum and another child in Bahri brought the number of protesters killed since the coup to 110. There were many injuries and attempts by security forces to storm hospitals in Khartoum where the injured were being treated, the Central Committee of Sudanese Doctors said.

There was no immediate comment from Sudanese authorities.

The United Nations envoy in Sudan, Volker Perthes, called this week on authorities to abide by a pledge to protect the right of peaceful assembly.

“Violence against protesters will not be tolerated,” he said.

Military leaders said they dissolved the government in October because of political paralysis, though they are yet to appoint a prime minister. International financial support agreed with the transitional government was frozen after the coup and an economic crisis has deepened.

Burhan said on Wednesday the armed forces were looking forward to the day when an elected government could take over, but this could only be done through consensus or elections, not protests.

Mediation efforts led by the United Nations and the African Union have so far yielded little progress.

Source: Voice of America

Nigerian Experts Praise Trans-Saharan Gas Pipeline Project

As Europe seeks to wean itself off Russian natural gas, Algeria, Niger, and Nigeria have revived a decades-old, multi-billion-dollar gas project.

The Trans-Saharan Gas Pipeline (TSGP) could send up to 30 billion cubic meters of gas per year to Europe from Nigeria to Algeria and on to Europe. Analysts note the project faces many challenges.

Nigeria’s petroleum minister, Timipre Sylva, said funding for the project will come from Europe and that authorities are already holding talks with European firms and countries.

Sylva said a committee set up by the countries was already conducting a feasibility study to build a 4,128-kilometer-long gas pipeline from southern Nigeria to Algeria via Niger.

The landmark decision to revive the project followed a two-day joint meeting held in Abuja last week by petroleum authorities from the three African nations.

The committee will meet at the end of July.

Revival of the project was lauded by the African Energy Chamber, a group that promotes cross-border cooperation in the continent’s energy industry.

More praise comes from Abuja-based energy expert Emmanuel Afiami.

“It actually shows that Africa is trying as much as possible to position itself to possibly see how well they can help Europe cover the energy demand issues,” Afiami said. “Beyond this, this particular project will actually mean a lot for the three African countries involved, the benefits to local economies.”

The initiative was initially conceived more than 40 years ago but renewed interest comes amid Russia’s war on Ukraine and efforts by Europe to slash Russia’a energy income.

African energy experts like Afiami say that with demand for natural gas rising, the TSGP project could transform Africa’s energy future if properly implemented.

Public finance analyst Isaac Botti said political will has been a challenge and still can be.

“For me I think the major challenge is the political will of these countries to embark on this huge deal,” Botti said. “For example, the pipeline project between Nigeria and Ghana which has also been stalled over time was as a result of political will, not unavailability of resources to do that. Part of the problem is also that we are too reliant on easy money.”

In April, EU delegates met with Nigerian officials in Abuja and held talks about diversifying Europe’s sources of energy.

Earlier in June, Nigerian authorities directed state-run oil company Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.

Authorities are also planning to transport more gas from southern to northern Nigeria and build a major gas turbine in Abuja.

Source: Voice of America

Report: Only 15% of World Enjoys Free Expression of Information

A Britain-based group says its latest study of worldwide free expression rights shows only 15% of the global population lives where people can receive or share information freely.

In its 2022 Global Expression Report, Article19, an international human rights organization, said that in authoritarian nations such as China, Myanmar and Russia, and in democracies such as Brazil and India, 80% of the global population live with less freedom of expression than a decade ago.

The report said authoritarian regimes and rulers continue to tighten control over what their populations see, hear and say.

While mentioning Brazilian President Jair Bolsonaro, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin, the report singles out China’s government for “exerting ultimate authority over the identities, information and opinions” of hundreds of millions of people.

The annual report examines freedom of expression across 161 countries using 25 indicators to measure how free each person is to express, communicate and participate in society, without fear of harassment, legal repercussions or violence. It creates a score from zero to 100 for each country.

This year, the report ranks Denmark and Switzerland tops in the world, each with scores of 96. Norway and Sweden each have scores of 94, and Estonia and Finland both scored 93. The study said the top 10 most open nations are European.

Article 19 ranks North Korea as the most oppressive nation in the world with a score of zero. Eritrea, Syria and Turkmenistan had scores of one, and Belarus, China and Cuba had scores of two.

The United States ranked 30th on the scale. In 2011, it was 9th in the world. The U.S. has seen a nine-point drop in its score, putting the country on the lower end of the open expression category. It was globally ranked in the lowest quartile in 2021 in its scores for equality in civil liberties for social groups, political polarization and social polarization, and political violence.

The report said that over the past two decades, there have been more dramatic downward shifts in freedom of expression around the world than at any time. Many of these occur as the result of power grabs or coups, but many more nations have seen an erosion of rights, often under democratically elected populist leaders.

Article 19 takes its name from the article under the Universal Declaration of Human Rights, which states, “Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.”

Source: Voice of America

Beijing Seeks Mediator Role in Turbulent Horn of Africa

China is offering to help “silence the guns in the Horn of Africa,” an ambitious undertaking given the multiple conflicts in the region, and an indication that Beijing may be moving away from its traditional “non-interference” stance towards more active diplomatic engagement.

China’s special envoy for the Horn of Africa, Xue Bing, made the offer last week at a peace conference organized by Chinese officials in Addis Ababa. The Chinese government has historically avoided getting involved in foreign disputes, but some observers see the event as evidence that Beijing seeks to rival the U.S. as an international conflict mediator. Others saw it more as a pragmatic move by a major investor in the region to keep its interests safe.

The conference itself did not get into specific proposals for resolving several ongoing security crises, but the Chinese envoy said Beijing wants to become more involved.

“This is the first time for China to play a role in the area of security,” said Xue, who was appointed to his position earlier this year, adding that Beijing wants a more important role “not only in trade and investments but also in the area of peace and development.”

China has some 400 construction and manufacturing projects worth over $4 billion in Ethiopia alone, according to the United States Institute of Peace. However, Ethiopia has been mired in vicious ethnic conflict since 2020, with the federal government in Addis Ababa fighting rebel forces in the northern Tigray region.

Peace talks are set to begin soon, but there’s disagreement between the warring factions over who should serve as mediator, the African Union or Kenya.

“As Africa’s largest single-country trade partner, China acknowledges the economic necessity of stability in regional anchor countries such as Ethiopia,” Fonteh Akum, executive director of the Pretoria-based Institute for Security Studies, told VOA.

Much of the rest of the region is also in crisis. Northern neighbor Eritrea has been murkily involved in the war in Tigray, while Ethiopia’s eastern neighbor, Somalia, has been ravaged by conflict and Islamist insurgency for decades. To the west, South Sudan is navigating a tenuous peace after years of civil war, while Sudan recently underwent a military coup. Just this week, the Sudanese and Ethiopian armies clashed over a disputed border region.

So China has its work cut out for it, and it’s not the first country to try. Washington’s own Horn of Africa envoy, David Satterfield, stayed only three months in the job before quitting earlier this year. President Joe Biden’s envoy before him, Jeffrey Feltman, lasted less than a year.

The joint statement released at the end of China’s peace conference — which was attended by foreign ministry officials from regional countries and during which no specific conflict was even discussed — was extremely vague. It said only that all parties had agreed to “maintain peace and stability.”

“I think despite the holding of this peace forum it’s not clear what they can offer in terms of mediation to the federal government and the other Ethiopian conflict actors,” said William Davison, senior Ethiopia analyst at International Crisis Group.

“It isn’t clear that there’s the political commitment from Beijing, or the understanding of the political complexities, or the diplomatic capacity to really get involved in talks,” he told VOA.

Washington has placed sanctions on Ethiopia, much to the annoyance of Prime Minister Abiy Ahmed, who has also described China as Addis Ababa’s “most reliable friend.” China’s ambassador to the United Nations spoke out against imposing sanctions at the U.N. Security Council last year.

“There’s concern in Addis about so-called Western meddling and the U.S. pushing its agenda onto Ethiopia’s civil war,” Davison said. “So it wouldn’t be a surprise if Ethiopia preferred the far more non-interfering approach of China in the context of peace talks.”

Adhere Cavince, an independent Kenyan international relations analyst, concurred, saying some Western interventions in the Ethiopian conflict had “not been very kindly received.”

“The U.S. responded with sanctions, with conditions, with threats … and this is quite different from what the Chinese are saying,” he told VOA, referring to the fact that China is focused on development rather than human rights concerns.

The Chinese Communist Party has always maintained that stability is necessary for development and the Horn region is a key part of its global infrastructure project, the Belt and Road Initiative (BRI).

China has funded railways and highways in Kenya, built the African Union headquarters in Addis Ababa, and constructed a railway from landlocked Ethiopia to Djibouti — where it also has set up its first overseas military base. It will be looking to protect this strategic base as well as shipping lanes and its own nationals working in the region.

“From an economic perspective, stability in the region will help China to move deeper in eastern Africa, which is a center point of its BRI in Africa,” said Christian Géraud Neema Byamungu, an analyst at the China-Global South Project.

Whether they can do it by offering economic integration and development projects, Neema Byamungu said, is another question.

“The conflicts in the region are not only economically rooted, they’re also socially and culturally rooted … and this is one of the areas where China lacks experience,” he told VOA.

Still, it seems China wants to send a message to Washington that it, too, can help foster stability abroad. Mediation with Chinese characteristics might look quite different however, with a focus not on human rights and democratization but economic development.

A recent column on Africa in China’s state-affiliated Global Times newspaper suggests as much, positing that as a good thing.

“Although some Western countries like the US also offer mediation in the region, China has an advantage compared to them, which is that China never takes sides or interferes with regional countries domestic affairs,” it read.

But analysts don’t think this will necessarily play in China’s favor, particularly in Ethiopia.

“Its neutrality wasn’t well received by the Tigray people,” who didn’t have a representative present at the peace conference, noted Neema Byamungu.

Davison said as China has always supported the government of the day, “it’s unlikely that the other actors, most notably the Tigray regional leadership, would be interested in China playing a mediating role.”

But for Cavince, “the Horn of Africa countries are simply welcoming of what the Chinese are proposing on the basis of the fact that it is not confrontational, it is not forceful, it is based on mutual consent.”

“Whether China is going to be successful in its mediation efforts in Africa is a question whose time hasn’t come, it lies in the future,” he said.

Source: Voice of America

Landmines Add to Drought Woes of Ethiopian Herders

The battles between Ethiopian government-aligned troops and Tigrayan forces may have stopped, but herders in western Afar region are left fighting for survival.

The record drought in the Horn of Africa that has killed millions of livestock has been made worse by landmines left by combatants.

Herder Hassen Arebti Hassen’s 4-year-old daughter was injured by a landmine, and the weapons are also killing his animals.

He said landmines are everywhere, and many animals have stepped on them and died.

Landmines and other explosives are so common in the area that some locals use the wood from their crates as building materials.

Nine-year-old Ali Omer said his 10-year-old friend was killed by a landmine while they were herding goats together.

“We were just there to take care of the goats, but my friend died,” he said.

Omer said his friend was playing, throwing stones at the landmine, but then he picked it up and threw it to the ground.

Omer was also injured.

His father, Oumer Hadeto, said landmines make them all afraid to collect water, despite the drought.

Hadeto said the community doesn’t know what to do, and he has to spend a lot of money to buy food for his family and animals. The landmines need to be removed, he added.

After speaking with locals, VOA was unable to establish which side in the conflict was responsible for laying the mines.

Bekele Gonfa, executive director of a nonprofit in Addis Ababa that supports landmine victims, said people in mined areas of Ethiopia, like Chifra, need help.

“Number one is the medical treatment. And then, they’re provided with psychosocial support, which includes counseling. Particularly, that’s what the organization is basically engaged in. The public and the community [have] to be given risk education in order to really keep themselves away from the mines,” Gonfa said.

But with the ongoing drought, people in Chifra have little choice but to risk landmines if they want to find food for their animals and collect water for their survival.

Source: Voice of America

Warwick consolidates Mayfair collection with Green Street portfolio addition

LONDONJune 29, 2022 /PRNewswire/ — Warwick Investment Group has acquired two freehold buildings on Green Street to increase its footprint in Mayfair and further expand the size of its rental portfolio across Central London.

Green Street, Mayfair location

This completes a very busy 12 months for the US private equity firm as they continue to consolidate unbroken freehold investment blocks across the golden post codes of Prime Central London.

With a rental portfolio across 21 buildings, under its emerging rental brand, Warwick is now a key private landlord across Mayfair and Belgravia with the goal of becoming a top 10 private landlord in the UK capital.

The Green Street portfolio is comprised of two Victorian red brick freehold buildings in the heart of Mayfair and marks the first time the buildings have ever traded. The two buildings total almost 10,000 square feet of residential accommodation ranging from one to three-bedroom multifamily apartments.

The purchase is highly strategic to Warwick given its proximity to their recent off-market purchase of the historic multi-family building at 13/13A North Audley Street.

The acquisition strategy is consistent with consolidating clusters of great buildings in core neighbourhoods to create a diversified portfolio of scale across Central London.

Andrew J. Chrysostomou, UK Senior Managing Director:

We identified the Green Street portfolio as a key target following our acquisition of North Audley Street. The Green Street assets represent a great addition to both our Mayfair holdings and to our wider portfolio. We have a healthy pipeline of over £100 million and continue to target complementary additions to the portfolio.

Kate Richard, Founder and CEO:

In Prime Central London, the recent increase in demand is taking place against the background of a remarkably inelastic supply of homes in total. We continue to see robust tenant demand, combined with supply constraints, as a positive context for the trajectory of rental values in Central London multifamily homes, even in the context of a challenging macro environment.

Warwick Investment Group

Photo – https://mma.prnewswire.com/media/1849917/Greenstreet_Mayfair.jpg
Logo – https://mma.prnewswire.com/media/897718/Warwick_Group_Logo.jpg

‫1 من كل 2 من المستهلكين في منطقة الشرق الأوسط وشمال إفريقيا متحمسون للميتافيرس ومتحمسون لتجربته: دراسة GfK لقياس نبض المستهلك

دبي، الإمارات العربية المتحدة29 يونيو / حزيران 2022/PRNewswire/ — كشفت GfK، الشركة المزودة الرائدة للمعلومات الاستهلاكية والسوقية والتحليلات والخدمات الاستشارية، عن دراسة حصرية لنبض المستهلك لعملائها عبر صناعة المنتجات الاستهلاكية في قمة Insight حول “الفوز بالنزعة الاستهلاكية الجديدة في الشرق الأوسط “. تهدف الدراسة إلى فهم شعور المستهلكين في الشرق الأوسط حول الاتجاهات المتطورة الرئيسية التي تحدث على مستوى العالم وكذلك هنا في الشرق الأوسط وتسعى إلى الكشف عن الاتجاهات الرئيسية والحواجز والاحتياجات والفجوات والمحركات التي تؤثر على حياة المستهلك في هذا الواقع الجديد المتحول.

Dr. Christoph Preuss, Vice President - Global Marketing & Consumer Intelligence, GfK Distribution

بهذه المناسبة، قالت ناتشو سان مارتن، المدير العام لـ GFK الشرق الأوسط: “المستهلكون في منطقة الشرق الأوسط وشمال إفريقيا يتكيفون ويتعافون من نظام استهلاكي جديد وسط الاضطرابات العالمية، والضغوط الاقتصادية المتزايدة إلى جانب خيارات وسلوكيات المستهلكين المعتمدة حديثًا. وينعكس هذا في المشتريات الاستهلاكية حيث أن نمو سوق السلع الفنية في منطقة الشرق الأوسط وشمال إفريقيا هو الأقوى في جميع أنحاء العالم. تهدف دراسة نبض المستهلك GfK ، التي أجريت في جميع أنحاء الإمارات العربية المتحدة والمملكة العربية السعودية ومصر، إلى فهم أنماط الحياة والمواقف والسلوكيات الاستهلاكية المتغيرة وما هو التالي للعلامات التجارية والصناعات”.

“في منطقة الشرق الأوسط، تلتزم GfK بمساعدة شركات المنتجات الاستهلاكية على تحقيق النمو باستخدام الذكاء القائم على البيانات من خلال توفير الوصول إلى المعرفة الهامة في الوقت الحقيقي مدعومة بـ gfknewron حول المستهلكين والأسواق والعلامات التجارية ووسائل الإعلام. كما أننا نعمل باستمرار على تعزيز موقعنا وعملياتنا في المناطق الجغرافية مع إمكانات نمو كبيرة مثل المملكة العربية السعودية والإمارات العربية المتحدة والعراق وباكستان”. – وأضافت ناتشو.

تفاؤل المستهلك بالاقتصاد والتمويل الشخصي

المستهلكون في منطقة الشرق الأوسط وشمال إفريقيا أكثر مرونة ويميلون إلى أن يكونوا أكثر ثقة ولكنهم ليسوا محصنين تمامًا من الضغوط المالية الناجمة عن كوفيد-19 والتضخم والصراع في أوكرانيا. في حين أنها تعكس اتجاهات السوق العالمية والناشئة الأوسع، فإن 2 من كل 3 مستهلكين شملهم الاستطلاع في الشرق الأوسط وشمال إفريقيا متفائلون بشأن الوضع الاقتصادي للبلاد في المستقبل وأكثر من نصفهم واثقون للغاية من وضع مالي أفضل في العام المقبل.

قال الدكتور كريستوف بريس، نائب الرئيس – التسويق العالمي وذكاء المستهلك في GfK : –  “بالنسبة لقادة الأعمال والعلامة التجارية والتسويق للتنقل في عالم من عدم اليقين والعواطف العالية، هناك ثلاثة اتجاهات يجب الانتباه إليها على المدى القريب والطويل – 1) المخاوف الناشئة حيث يدفع المستهلكون أسعارًا أعلى، ونحن نراقب محافظنا، لكننا لا نزال ندفع للجودة، 2) السلوك الذي يركز على الاستدامة للعلامات التجارية كمستهلكين في جميع أنحاء منطقة الشرق الأوسط وشمال إفريقيا يدركون الحفاظ على الموارد الطبيعية وتقليل الاستهلاك، و 3) المعكوس وكيف يغير طريقة عيشنا وعملنا ولعبنا واستمتاعنا ودفعنا”.

التنقل المكهرب – 2 من أصل 5 مستهلكين في منطقة الشرق الأوسط وشمال إفريقيا يفضلون محركات EV لشراء المركبات في المستقبل

ويظهر ارتفاع المخاوف البيئية في تفضيلات المستهلكين لـ “ Go Green “ ، وبالتالي فإن سوق السيارات الكهربائية يمثل فرصة هائلة لشركات التنقل التقليدية والجديدة (التكنولوجية).

في حين أن اعتماد الكهرباء/الهجين لا يزال في مرحلة مبكرة، فإن المستهلكين يميلون بشكل إيجابي نحو المركبات الكهربائية – 2 من أصل 5 محركات EV تفضل شراء المركبات في المستقبل. ومن المثير للاهتمام أن المستهلكين في الشرق الأوسط يتوقعون أيضًا سيارات رقمية من شركات تكنولوجيا المعلومات مما يمثل مجالًا للفرص.

في الميتافيرس – حقبة جديدة لتجارب العلامة التجارية المتكاملة

تنتقل رقمنة المستهلك في جميع أنحاء المنطقة من قوة إلى قوة، ويصبح التطور التالي للتجارب الرقمية حقيقي واقعي كلما تضخمت التكنولوجيا، وتستعد العلامات التجارية لبناء عالم ميتافيرس ولا تنسى العالم المادي و AR . يهتم أكثر من نصف المستهلكين الذين شملهم الاستطلاع في منطقة الشرق الأوسط وشمال إفريقيا بمعرفة المزيد عن عالم الميتافيرس، وهم على استعداد لتجربة ذلك. يعتقدون أنه سيجعل تجربة تسوقهم أكثر إثارة.

“سيعيد التلوي الناشئ تشكيل تفاعلات البيع بالتجزئة والعلامة التجارية بينما يعد بتدفقات إيرادات جديدة. في حين أن التوقعات تجاه العالم الافتراضي عالية، لا تزال هناك مساحة كبيرة للعلامات التجارية للمشاركة مع العلامات التجارية في العالم غير الافتراضي”. وأضاف الدكتور بريس.

سلوكيات وتفضيلات التسوق المتطورة

وفقًا لدراسة GfK لقياس نبض المستهلك، ينفق المستهلكون في جميع أنحاء منطقة الشرق الأوسط وشمال إفريقيا أقل ويبحثون عن صفقات. أكثر من نصف المستهلكين الذين شملهم الاستطلاع في فئة الدخل المتوسط في المملكة العربية السعودية ومصر أنفقوا أقل على الضروريات اليومية بسبب ارتفاع الأسعار (على سبيل المثال، الغذاء والملابس). قام 2 من كل 5 مستهلكين في المملكة العربية السعودية ومصر بتأجيل الشراء حتى يتم بيع المنتج/عرض خاص والتحول من العلامات التجارية المتميزة إلى العلامات التجارية الأقل تكلفة.

يقول الدكتور بريوس: “بالنسبة للعلامات التجارية، السعر مهم ولكن الأهم من ذلك هو بناء ثقة المستهلك والولاء للميزة التنافسية”.

نبذة عن دراسة نبض المستهلك من GfK

يحتاج قادة اليوم إلى التركيز على استراتيجياتهم – لفهم أفضل لكيفية النجاح في البيئات سريعة التغير. تم إجراء دراسة نبض المستهلك من GfK في جميع أنحاء الإمارات العربية المتحدة والمملكة العربية السعودية ومصر مع عينة من 1800 مقابلة خلال مايو 22 مع التركيز على شعور المستهلك العام والثقة، ونمط الحياة وسلوك الشراء، واتجاهات السيارات والسفر، والتنمية المستدامة، والتكنولوجيا الرقمية، و AR وميتافيرس.

شركة GfK Growth from Knowledge.

على مدى أكثر من 85 عامًا، اكتسبنا ثقة عملائنا في جميع أنحاء العالم من خلال دعمهم في عمليات صنع القرار المهمة للأعمال حول المستهلكين والأسواق والعلامات التجارية ووسائل الإعلام. أحدثت بياناتنا ورؤيتنا الموثوقة وإمكانات الذكاء الاصطناعي المتقدمة، ثورة في الوصول إلى توصيات قابلة للتنفيذ في الوقت الفعلي لتسير التسويق والمبيعات والفعالية التنظيمية لعملائنا وشركائنا. هذه هي الطريقة التي نتعهد بتحقيقها ونقدم “نمو من المعرفة”

الصورة –  https://mma.prnewswire.com/media/1848440/Dr_Christoph_Preuss.jpg

 

Business School Graduates Enter White-Hot Job Market as Employers Signal Growth, Confidence in Their Credentials

MBA and business master’s degrees remain hot commodity despite recession fears and COVID challenges

RESTON, Va., June 29, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today released its annual hiring report, the GMAC Corporate Recruiters Survey – 2022 Summary Report. The report explores the state of employer demand for graduate business school talent (MBA and business master’s degree recipients) in the context of the COVID-19 pandemic and includes responses from nearly 1,000 corporate recruiters and staffing firms around the world. While rising inflation and the war in Ukraine were just at the onset during the time when the survey was conducted in February and March 2022, hiring projections of graduate management education (GME) graduates remain bullish this year, with 92 percent of corporate recruiters expecting to hire newly minted MBAs. Promisingly, 2 in 3 responding corporate recruiters describe the current direction of their organization as expanding or growing (67%) and a similar proportion plan to increase their overall headcount (65%). Also, most recruiters (63%) project that demand for new business school talent will increase in the next five years, with business master’s hiring intention the highest among recruiters for East and Southeast Asia and Middle East companies.

“The latest GMAC findings of the Corporate Recruiters Survey show that nearly 9 out of 10 corporate recruiters feel confident or highly confident in the ability of business schools to prepare students to be successful in their organizations,” said Sangeet Chowfla, president and CEO of GMAC. “That’s an extraordinary figure. It shows that despite the pandemic and the limitations it brought on student mobility, public and mental health, and remote learning, business schools managed to find ways to build an impressive cohort whom corporate recruiters and staffing agencies worldwide continue to bank on as prime sources for talent.”

Other Key Findings

MBA starting salaries continue to provide a premium and Business master’s median starting salaries are on the rise

Recruiter responses suggest companies in the United States plan to offer increased starting salaries to business master’s graduates in 2022 compared to last year. In addition, median MBA starting salary levels eclipse those being offered to bachelor’s graduates by 22 percent to 40 percent across the world regions for which there is sufficient sample to report. Median starting salaries are largest in the United States, where the median starting salary offered to new MBA hires this year ─ US$115,000 — has remained unchanged for the past three survey years. In the current inflationary environment, the relative stability of median MBA salaries suggested by the survey findings means the real value of MBA salaries is declining.

In a likely response to combat the effect of inflation, corporate recruiters look to benefits packages—including educational assistance—to meet the changing needs of new graduates. Educational assistance like tuition reimbursement and scholarships has become an increasingly common benefit, with 54 percent offering it in 2022—up from 35 percent last year.

U.S. international hiring bounced back to pre-pandemic levels with potential of continued growth for 2022

The world regions with the highest percentage of recruiters affirming that they plan to hire international candidates in 2022 are the Middle East (52%) and Western Europe (40%). In the United States, this year’s survey results suggest an improving situation for international MBA and business master’s graduates. Looking back at last year’s actual hiring, 43 percent of U.S. recruiters confirmed they hired international talent in 2021—a bounce back from 35 percent in 2020 and 41 percent in 2019. In this year’s survey, 56 percent of U.S. recruiters say that they either plan to make international hires in 2022 (35%) or are willing to (21%), up from 48 percent that said the same in the 2021 survey. Furthermore, 83 percent of U.S. tech companies say they either plan to make international hires in 2022 (62%) or are willing to (21%)—the most of any U.S. industry.

“As travel restrictions ease around the world and student mobility continues to bounce back, we are thrilled to have more international students back on campuses across the country. Our mission is to help our students find success and our graduates reap the benefits of the strong job market in the U.S.,” said incoming GMAC Board Member and Dean of Carnegie Mellon Tepper School of Business Isabelle Bajeux-Besnainou.

Global corporate recruiters appear to be becoming more accepting of online degrees—with the noteworthy exception of the United States

The percentage of global recruiters who view graduates of online and in-person GME programs equally increased from 34 percent in 2021 to 60 percent in 2022, suggesting a significant growth in the acceptance of online programs. However, the notable outlier is corporate recruiters in the United States—where the lion’s share of the world’s online MBA enrollments are. Among responding U.S. corporate recruiters, just 29 percent agree that they view graduates of online and in-person GME programs equally, the lowest of any world region and down from 33 percent of respondents from the 2021 sample.

“The growth of online MBA programs has been so strong in the United States that for the first time, the total number of enrollments in online programs exceeded that of full-time, in-person MBA enrollments in the 2020-21 academic year, according to data from the Association to Advance Collegiate Schools of Business (AACSB),” said Sabrina White, vice president of school and industry engagement at GMAC. “Business schools are presented a unique opportunity to align expectations and outcomes for graduates and employers as online delivery emerges from the pandemic as an important part of the graduate management education industry.”

About the Report
First launched more than two decades ago, the Corporate Recruiters Survey of 2022 was conducted by GMAC, together with survey partners EFMD and the MBA Career Services and Employer Alliance (MBA CSEA), in association with the career services offices at participating graduate business schools worldwide. In a change from previous years, GMAC Research worked with a market research firm to recruit additional participants to make the overall sample more globally representative. In total, 941 respondents from 38 countries completed this survey, including 539 corporate recruiters and 402 from staffing firms. Recognizing that nearly all responses in previous years came from corporate recruiters, only 2022 responses from corporate recruiters were leveraged to create multi-year comparisons. However, the robust sample of corporate recruiters and staffing firms allowed us to develop geographical snapshots in 2022 that were less apparent in previous years.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/3388f75b-1d4e-4329-be0c-ca4a494b76ce