Daily Archives: September 15, 2013

AfDB provides US $20.1 million to support clean energy in the Comoros

The project is to be implemented in the country’s three main islands (Grande Comore, Anjouan and Mohéli)
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AfDB Funds Conakry Electricity Network Rehabilitation and Extension Project

TUNIS, Tunisia, September 14, 2013/ The African Development Bank (AfDB) Group (http://www.afdb.org) will support Guinea’s Conakry Electricity Network Rehabilitation and Extension Project (PREREC2) with a loan and a grant totaling US $16.66 million approved by its Board on Wednesday, September 11, 2013 in Tunis. read more

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Egypt's Citadel Capital plans US$528 million capital hike

EGYPT. The private equity firm has won regulatory clearance to ask shareholders to approve a capital increase, it said on Sunday, underlining a more confident mood on local markets.

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MENA city populations to reach 226 million by 2020

UAE. Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 – 85% of the total estimated population.

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First Meerkat Antenna Foundation Poured

The concrete for the first MeerKAT antenna foundation was poured recently at South Africa’s SKA site in the Karoo. This is the first of 64 similar foundations that will be constructed for this telescope over the next nine months. Each foundation consists of 78 m³ concrete and 9 tons of steel.

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Portside the first high rise office development in South Africa to achieve a 5 Star “Design” rating

Portside, designed by dhk Atchitects in a joint venture with Louis Karol Architects, was awarded a five star “Design” rating under the Green Building Council of South Africa’s (GBCSA) Green Star rating system for offices. The rating system recognises achievements in sustainable architecture. This acknowledgement makes Portside the first 5 Star Green Star SA certified high-rise office development in South Africa.

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Afrox offers quality gases for the food industry

The importance of accurate labelling has come to the fore recently, with the revelation that the actual content of some packaged meat does not match what is claimed on the label.

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Big business is taking action to make reporting fit for the reality of business today – survey finds significant change needed

Some of the world’s largest and most influential companies and investors have come together in a bid to promote more open and useful business reporting.

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A new era for Pilot Crushtec International

The crushing and screening specialist, previously known as Pilot Crushtec (SA) (Pty) Ltd, announced that CEO Sandro Scherf has bought out his partners and has increased his indirect stake in the company now called Pilot Crushtec International (Pty) Ltd.

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FCTA, Capital Meat sign N1.25bn agreement for Abuja Central Abattoir

The Federal Capital Territory Administration has signed a memorandum of understanding and lease agreement with a private investor, Capital Meat Processing Company Nigeria Limited for the establishment of ultra-modern Abuja Central Abattoir at Tungan Maje in Gwagwalada Area Council of the territory. The agreement valued at N1.25 billion was signed by the Honourable Minister of […] read more

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Airtel invests $3.5bn on technology expansion nationwide

The Regional Operations Director, West region of Airtel, Mr. Oluwasegun Macaulay, has disclosed that, as at the end of March this year, the telecoms giant has invested a total sum of $3.5 billion on its technology expansion across the nation, to boost quality service on its network to customers. Macaulay disclosed this in Ilorin, Kwara […] read more

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NISSAN set to unfold growth plan for Nigeria

Stallion NMN, a division of Stallion Motors, in collaboration with Nissan Motor Company and Nissan South Africa, is set to unfold a multimillion naira growth plan for Nissan brand in Nigeria. The event, according to a statement issued by the company, promises to be exciting with the unveiling of some Nissan vehicles often sighted online […] read more

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Nigerian ports record 115% growth in 10 years

Nigerian Ports Authority (NPA) says the ports in the country experienced about 115 per cent growth between 2003 and 2012. According to the authority’s half year 2013 report on cargo throughput, it stated that a close examination on this progress show that Nigerian ports do not handle transshipment and transit cargo. All cargoes are captive […] read more

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Etisalat partners 70th Precinct on Nigeria App Summit

Etisalat Nigeria has expressed its desire to partner with 70TH Precinct Limited, organisers of Nigeria App Summit, a mobile application conference aimed at delivering education, entertainment and networking in the country. The telecommunications company in a statement said it would serve as the gold sponsor for the event. According to the statement, the summit, which […] read more

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