Daily Archives: September 6, 2016
Botswana Telecommunications Corporation Limited (BTCL) says it is planning to automate its systems and repositioning itself to cater to all customers’communications needs, the company disclosed this week.
Aggreko PLC, a leading global provider of mobile power and corresponding product solutions have been successful in acquiring a year contract to produce power by generating energy via ADDGAS which is to replace a good aspect of diesel fuel with natural gas. The project which is set to generate a 100 megawatts of power is targeted in adding to the grid of Benin and also meeting substantial power demand of the country. The 100 megawatts is scheduled to commence by December 2016 while running through the entire 2017.
Recent reports from most consultancy firms and business development firms regarding the future of technology in Africa is providing a bright prospect for the continent. Frost and Sullivan recently not long ago expressed through several indications that Africa could be the new China – staging most technological advances. Across Africa, youth are using mobile devices to solve existing real time challenges that are affecting their communities and countries – Like Farmerline in Ghana, and Lagare in Morocco. In Nigeria, the situation seems more intense and advancing.
Correspondent banking relationships play a vital role in the economic development and trade of African countries. A strong correspondent banking network can help local banks in Africa to close the knowledge, technology, product and risk management gaps.
South Africa’s inter governmental wars have reached a new plateau with the announcement by Futuregrowth that its suspending “any additional loans” to some of the biggest SOes. In particular Futuregrowth has identified the following entities as its first targets; Eskom, Transnet, Sanral, Landbank, IDC and DBSA. This move is akin to strangulation of the SOEs because Futuregrowth is regarded as a substantial funder of the South African SOEs.