Category Archives: Mag
African art presents some of the most fascinating and attractive works. However, the growth of the art industry in Africa has been fluctuating for some time now. Up to 28 August, Fondation Louis Vuitton in Paris is showing a selection of the biggest collection of African art in the world, put together by the Frenchman, Jean Pigozzi. The show is an expression of how African art is still of interest but for some reasons refuse to grow (within and outside the African continent). This lack of growth can be clearly attributed to the lack of institutional support for African art. Many known mega galleries, and museums have no defined African art sections. This has limited the knowledge of African arts and as well diminishing its growth.
At the annual Nigerian jamboree to the Offshore Technology Conference (OTC) in Houston, Texas, Dr. IbeKachikwu, the minister of state for petroleum resources, told a “world press conference” on May 5, 2017 that Nigeria’s refineries would soon have new investors. He said 26 investors had indicated interest in the epileptic refineries. “By September, we will unveil the investors for the refineries,” the minister said smoothly, typically. “When we came onboard, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment.”
South African consumers are becoming increasingly dependent on their mobile devices for daily banking activities. As such, there is pressure on financial service providers to adapt quickly to a mobile-first environment. Looming large among the challenges that these providers will face in transitioning to mobile is the issue of security, particularly given the growing sophistication of phishing attacks and fraud. But investing in a mobile security solution need not be a grudge purchase. The right security architecture can also be a powerful enabler – an important step towards differentiating your financial service brand.
The question on how the Trump administration’s policies will impact Africa was met with mixed reaction Wednesday during a briefing at the African Utility Week Conference underway in Cape Town.
Almost half of all deaths globally are now recorded with a cause, new data from the World Health Organization show, highlighting improvements countries have made on collecting vital statistics and monitoring progress towards the Sustainable Development Goals (SDGs).
South Africa: Radical economic transformation receives a boost with more than R20m industrial park in Mthatha
Government’s radical economic transformation received a boost with the launch of the Vulindlela Heights Industrial Park in Mthatha, Eastern Cape.
Africa accounts for 45 percent of the world’s surface area suitable for agricultural production. Even with some large arid and semi-arid areas, the continent’s vast water resources are, on average underutilized, with only about 2-3 percent of renewable water resource in use, compared to five percent worldwide. Africa is also home to an abundant supply of labour for agriculture-related products and services.
Business growth remains high on the African boardroom agenda despite economic and socio-political headwinds
PwC’s Africa Business Agenda report shows that 85% of African CEOs (Global: 85%) are confident in their own company’s prospects for revenue growth over the next 12 months
ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer
The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With sub-Saharan Africa’s GDP growth rates expected to hit a record low of 1.5% depressed commodity rates are seen to be one of the major drivers with export producers accounting for two-thirds of the region’s growth.
Upon completion, GE’S Bridge Power Plant will be Africa’s first LPG fired power plant and the world’s largest plant of its kind. 400 megawatt (MW) greenfield project will be Africa’s first liquefied petroleum gas (LPG) fired power plant and world’s largest plant of its kind. The project will produce enough to supply about 17%of Ghana’s energy demand while providing solutions to some of the country’s long-term energy requirements. The system will operate on a fuel-flexible plant which is capable of running on LPG, natural gas and diesel. The first phase will generate 200 MW of power and an additional 200 MW of power will be deployed in stage two of the project.