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Canadian Solar’s Partner Romano Wins Eskom Rooftop Project in Johannesburg

Posted on 15 May 2013 by Africa Business

About Eskom

Eskom generates approximately 95% of the electricity used in South Africa and approximately 45% of the electricity used in Africa. Eskom generates, transmits and distributes electricity to industrial, mining, commercial, agricultural and residential customers and redistributors. Additional power stations and major power lines are being built to meet rising electricity demand in South Africa. Eskom will continue to focus on improving and strengthening its core business of electricity generation, transmission, trading and distribution.  For more information, please visit www.eskom.co.za.

About Romano Group

The Romano Group is a multi-skilled provider of a broad range of sustainable solutions, to clients who are typically large commercial, industrial or retail property owners and tenants spread throughout Africa. Romano’s value-added offer includes the design, manufacture and installation of high-quality Solar PV, ECO-Lighting, Modular Construction and Signage & Print solutions, all of which are delivered on-time at a competitive price. The company celebrated its 60th birthday in 2012 and employs 150 people. For more information, please visit www.romano.co.za.

About Canadian Solar Inc.

Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world’s largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 4GW of premium quality solar modules to customers in over 50 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. For more information, please visit www.canadiansolar.com

 

JOHANNESBURG, May 15, 2013 /PRNewswire-FirstCall/ — Canadian Solar Inc. (NASDAQ: CSIQ) (the “Company” or “Canadian Solar”), one of the world’s largest solar companies, today announced the successful expansion of its partner Romano Sustainable Solutions in Africa. Romano, a pioneer company in the South African photovoltaic (PV) industry, was recently awarded the engineering, procurement and construction (EPC) contract for a 360 kW PV solar system installation. The roof top installation will be on the Johannesburg headquarters of Eskom, the largest producer of electricity in Africa.

As one of the most experienced solar PV systems integrators in Africa, Romano designs, manufactures and installs solar PV systems to commercial clients spread throughout Africa. Most of Romano’s solar PV systems are grid-tied systems. When connected to the client side of the on-site electrical sub-station, the electricity generated is used on the site by the client. When connected to the utility side the electricity generated is exported to the national or municipal electricity grid.

“We are very proud to be involved with this prestigious project for Eskom, which we understand was awarded on the basis of our technical capability and track record, as well as the cost effectiveness of our offer,” said Alexi Romano , CEO of Romano.

“The solar energy market in Africa continues to develop and has considerable potential for growth. We are positioned to benefit through our relationships with experienced partners like Romano. We look forward to supporting their growth in this important market, including the high profile Eskom project,” said Dr. Shawn Qu , Chairman and CEO of Canadian Solar.”

 

SOURCE Canadian Solar

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Sarama Resources Continues to Consolidate its Position at the South Houndé Project in Burkina Faso

Posted on 15 May 2013 by Africa Business

TSX-V Ticker: SWA
SWA.WT

VANCOUVER, May 15, 2013 /PRNewswire/ – Sarama Resources Limited (“Sarama” or the “Company“) is pleased to report that it has been granted three new exploration permits in Burkina Faso, including one adjacent to the Company’s flagship South Houndé Project, which brings the Company’s exploration landholding in this prospective region to 1,014km².

Highlights

  • Three new exploration permits totalling 240km² granted, expanding Sarama’s total exploration land package in Burkina Faso to 3,339km².
  • The grant of a 127km² exploration permit adjacent to Sarama’s Tankoro exploration property, provides Sarama a commanding presence in the geologically prospective Houndé Belt, with a total landholding of 1,014km².
  • The grant of the Youngou Est and Nianie exploration permits complements Sarama’s existing Youngou exploration property, which borders the Youga mine of Endeavour Mining Corp in the central south of Burkina Faso, bringing the Company’s total landholding in the project area to 363km².
  • Reconnaissance exploration programs to commence in second half of 2013.

Grant of Bini Exploration Permit

Sarama has been granted new exploration permits for the Bini, Youngou Est and Nianie properties by the Ministry of Mines and Energy, bringing the Company’s total exploration property interests in Burkina Faso to 3,339km² (refer Figure 1).

The 127km² Bini exploration property (“Bini“) further consolidates Sarama’s position in the highly prospective Houndé Belt, which hosts the 7.8Moz, 170koz per annum Mana gold mine of Semafo Inc and the 2.2Moz Houndé gold project of Endeavour Mining Corp.  Bini is located centrally within the belt and is adjacent to Sarama’s Tankoro exploration property where the Company has intersected significant gold mineralisation over a 1.9km strike length at the MM Prospect (refer Figure 2).

The property is underlain by a sequence of meta-sedimentary and volcanic rocks and is interpreted to contain north-north-east trending structures, which are thought to be one of the controls on the mineralisation encountered at the Company’s MM Prospect.  Sarama anticipates commencing first-pass reconnaissance exploration activities on the property in the second half of 2013.

The exploration permit gives Sarama the exclusive right to explore for gold and associated minerals during an initial term of 3 years.  Subject to certain statutory obligations being met, the permit is renewable for a further two 3-year terms, after which time, the permit will be eligible for conversion to an exploitation permit.

Figure 1:    Sarama’s Exploration Properties in Burkina Faso

Figure 2:    Sarama’s Exploration Properties in South-West Burkina Faso

Grant of Youngou Est and Nianie Exploration Permits

The Youngou Est and Nianie exploration properties, covering areas of 95km² and 18km² respectively, lie in the extreme south of central Burkina Faso (Figure 3).  Being proximal to Sarama’s existing Youngou exploration property, the permit grants bring Sarama’s landholding in the project area to 363km².

The properties are underlain by volcano-sedimentary and gneissic rocks with the prospective sequence arranged along a north-east striking trend bounded by granite.  The 90,000oz per annum Youga gold mine of  Endeavour Mining Corp is located immediately adjacent to Sarama’s property group and within the same lithological sequence, illustrating the prospectivity of the region.

Sarama anticipates commencing reconnaissance exploration activities on the recently granted properties in the second half of 2013.

The exploration permits give Sarama the exclusive right to explore for gold and associated minerals during an initial term of 3 years.  Subject to certain statutory obligations being met, the permit is renewable for a further two 3-year terms, after which time, the permit will be eligible for conversion to an exploitation permit.

Figure 3:    Sarama’s Exploration Properties in Central South Burkina Faso

Sarama’s President and CEO, Andrew Dinning commented:

“We are pleased to have been granted these new permits in two of our existing project areas.  Our position at the South Houndé Project continues to strengthen with the addition of the Bini property and we look forward to commencing our reconnaissance exploration programs in the upcoming exploration season.

Sarama is well funded with a cash balance of approximately US$11M at the end of March 2013 and is currently finalising regional exploration programs in the south of the MM Prospect which are expected to contribute to the maiden resource estimate planned for Q3 2013.”

For further information on the Company’s activities, please contact:

Andrew Dinning or Paul Schmiede
email:  info@saramaresources.com
telephone: +61 8 9363 7600

About Sarama Resources Ltd
Sarama Resources Ltd is a Canadian company with a focus on the exploration and development of gold deposits in West Africa.  The board of directors and management team, a majority of whom are founders of the Company, are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.

The South Houndé Project in south-west Burkina Faso is the Company’s flagship property and is currently the focus of an aggressive exploration program to increase the size of its maiden discovery and to test gold-in-soil anomalies located in a 30km-long structural corridor.  Recent drilling programs at the South Houndé Project have intersected significant mineralisation in several prospect areas which the Company is actively following up.  The Company has built substantial early-stage exploration landholdings in prospective and underexplored areas of Burkina Faso (>3,300 km²), Liberia (>880 km²) and Mali (>560 km²) and is aggressively exploring across the property portfolio.

Caution Regarding Forward Looking Statements
Information in this news release that is not a statement of historical fact constitutes forward-looking information.  Such forward-looking information includes statements regarding the Company’s planned exploration programs.  Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents.

There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.

Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

Qualified Person’s Statement

Scientific or technical information in this news release that relates to the Company’s exploration activities in Burkina Faso is based on information compiled or approved by Michel Mercier Michel Mercier is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101.  Michel Mercier consents to the inclusion in this report of the information, in the form and context in which it appears.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sarama Resources Limited

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Morningstar Announces Findings from Third Global Fund Investor Experience Report; United States Scores the Best and South Africa the Worst

Posted on 15 May 2013 by Africa Business

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions.

 

CHICAGO, May 15, 2013 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today released its Global Fund Investor Experience report, which assesses the experiences of mutual fund investors in 24 countries across North America, Europe, Asia, and Africa. Morningstar’s evaluation of investor-friendly practices in fund markets worldwide identified the United States as the best market for fund investors based on criteria such as investor protection, transparency, fees, taxation, and investment distribution, while South Africa scored the worst. This year’s report also includes first-time reviews of fund investor experiences in Korea and Denmark.

“We launched the first Global Fund Investor Experience report in 2009 to examine the treatment of mutual fund shareholders in 16 countries with the goal of advancing a dialogue about best practices worldwide. Since that time we’ve had numerous conversations with regulators and investment companies in multiple countries about their existing policies and ways to improve,” John Rekenthaler , vice president of research for Morningstar, said. “Working with our analysts around the world, we expanded our survey to 24 countries this year. We hope our survey findings will help investment companies, distributors, and regulatory bodies around the globe continue to focus on improving the environment for investors.”

Morningstar researchers evaluated countries in four categories: Regulation and Taxation, Disclosure, Fees and Expenses, and Sales and Media. Morningstar weighted the questions and answers to give greater importance to factual, empirical answers as well as the high-priority issues of fees, taxes, and transparency. Morningstar assigned countries a letter grade for each category and then added the category scores to produce an overall country grade. The report’s authors gathered information from available public data and from Morningstar analysts. Below are the overall country grades, from highest to lowest scores and then in alphabetical order:

United States:  A

Sweden: B-

Korea:  B+

Switzerland: B-

Netherlands:  B

United Kingdom: B-

Singapore:  B

Australia: C+

Taiwan:  B

Belgium: C+

Thailand:  B

Canada: C+

China:  B-

France: C+

Denmark:  B-

Italy: C+

Germany:  B-

Japan: C

India:  B-

Hong Kong: C-

Norway:  B-

New Zealand: C-

Spain:  B-

South Africa: D

The United States garnered the highest score for the third time with a top grade of A. While the United States is not a leader in the area of Regulation and Taxes, it has the world’s best disclosure and lowest expenses. South Africa, in contrast, received the lowest grade largely because of poor disclosure practices. The new countries reviewed in this year’s report—Korea and Denmark—earned grades of B+ and B-, respectively.

New Zealand showed the largest improvement from the 2011 study rising to a C- from a D- because of positive regulatory changes and an encouraging expansion of disclosure requirements. Morningstar anticipates that the New Zealand government’s ongoing review of all fund regulations will result in even more improvements and investor-friendly practices in the years to come.

Among the key findings of the study:

  • Bans on advisor commissions are spreading around the world. In the UK, the Retail Distribution Review (RDR) has already brought such a ban into effect, while similar moves are underway in Australia and the Netherlands.
  • While the U.S. and European fund markets are roughly similar in size, U.S. investors pay significantly lower fees than European investors.
  • Fund companies in most countries continue to treat the names of portfolio managers as trade secrets, leaving investors no way to determine who is responsible for a fund’s success or failure.
  • Australia and New Zealand do not require funds to publicly disclose full portfolio holdings, while France, South Africa, Korea, and the UK only disclose holdings to current owners.

To read Morningstar’s complete Global Fund Investor Experience report, click here.

SOURCE Morningstar, Inc.

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Airtel reiterates commitment to customers in Uganda

Posted on 15 May 2013 by Chancy Namadzunda

Bharti Airtel (“Airtel”), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today reiterated its commitment to Uganda and said it will “continue to make investments and offer world-class and affordable services to customers in the country”.

Airtel’s proposed acquisition of Warid Telecom has received approvals from the Uganda Communications Commission. With this, Airtel will further consolidate its position as the second largest mobile operator in Uganda with a combined customer base of over 7.2 million and market share of over 39%.

Warid customers will be able to retain their existing mobile numbers and continue to enjoy benefits such as remaining balances in their SIM and existing services. In addition, Warid customers will benefit from Airtel’s ‘One Network’ across 20 countries and get access to innovative products and roaming benefits on successful completion of integration.

Airtel Uganda Managing Director Mr. V.G. Somasekhar said, “We welcome Warid customers to the Airtel global network and assure them of a world-class experience. This acquisition will create a superior and wider network and we will invest more in key areas such as technological innovation and customer service.

“Further, the existing Warid customer will also be enjoying all Airtel services such as the widest 3G coverage, Blackberry services and superior roaming serviceson successful completion of integration. During this transition, I want to reassure Warid customers of our commitment to providing world-class, affordable services to customers in Uganda. They should also be assured of the security and continuity of Warid Pesa services during this period”.

He added: “After the successful completion of integration, Warid customers will begin to enjoy benefits of the 0ne network with lower roaming rates across Africa and South Asia that other Airtel Customers have been enjoying. It’s a great beginning to a journey with our loyal Uganda customers and for the economy as a whole.”

With presence across 17 African countries, Airtel is the largest telecom service provider across the Continent in terms of geographical reach and had over 62 million customers at the end of quarter ended December 31, 2012. Globally, Airtel is ranked as the 4th largest mobile services provider in terms of customer base.

Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscribers.

In India, the company’s product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. Bharti Airtel had over 271 million customers across its operations at the end of March 2013.

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Mobile Technologies to Fast Track Financial Transactions for the Unbanked in Asia

Posted on 14 May 2013 by Africa Business

4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets will be taking place in Phnom Penh, Cambodia from 12-13 June 2013.

Singapore, Singapore –(PR.com)– 1. Mobile technology is fast becoming the first choice for many consumers to access financial services especially among the economies of the unbanked population. At the 4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets which will be taking place in Phnom Penh in Cambodia on 12 – 13 June 2013, key industry stakeholders from the financial institutions, mobile operators and solution providers will congregate to discuss the latest developments in mobile payments in the growing affluent economies of South East Asia, South Asia, East Asia, Central Asia, Eurasia, Middle East and Oceania.

2. This year summit’s will have a special focus on emerging economies of Fiji, Indonesia, Philippines, Sri Lanka, Cambodia, Vietnam, Laos and Myanmar. Key issues include an assessment of the growing opportunities in the region, success stories on how to design, establish and operationalize mobile payments solutions, evaluation of the various technology and challenges, discussion on IT strategies to drive revenue opportunities, cost efficiencies and the future transformation of the customer retail banking experience.

3. Companies expected to speak at the summit include: National Bank of Cambodia, Department of Finance, (Philippines), VeriFone, Rural Bankers Association of the Philippines, Quezon Capital Rural Bank, Hattha Kaksekar, ACLEDA Bank Plc, Viettel Telecom, Globe Telecom Inc / G-Xchange Inc, BICS Asia, Maybank, Chunghwa Telecom, Western Union, Standard Chartered Bank, Alpha Payments Cloud, Bank Mandiri, Etisalat, ControlCase, EPIC Lanka Group, Ayeryarwady Bank, Vodafone, FINTEL Fiji, Bank of the Lao PDR, Bank of Ayudhya and more.

4. EPIC Lanka Group, a world class software solutions provider in its core technology areas of Secure Electronic Payments and Information Systems Security is the summit’s Associate Sponsor.

5. Exhibitors at the summit include SecureMetric, the fastest growing digital security technology company and ControlCase, a United States based company with headquarters in McLean, Virginia and PCI center of excellence in Mumbai, India.

6. The CEO of the conference organizing company, Magenta Global Pte Ltd, Singapore, Ms Maggie Tan, said: “A new report from Juniper Research finds that over 1 billion phone users will have made use of their mobile devices for banking purposes by the end of 2017, compared to just over 590 million this year. The emerging economies in this region are likely to see a huge increase in mobile subscribers who are mostly unbanked. Banks must implement at least one mobile banking offering either via messaging, mobile browser or an- app based service. Some banks are already doing so with larger banks deploying two or more of these technologies. This Summit has been specially convened to take the industry forward.” She invites all telco operators, financial institutions and technology service providers to join this Summit and contribute to the greater development of the banking and financial services sector in this region.

7. The event will be held at the NagaWorld Hotel.

Notes for Editor

About Magenta Global – Organizer

Magenta Global Pte Ltd is a premier independent business media company that provides pragmatic and relevant information to government & business executives and professionals worldwide. The organization provides the opportunity to share thought-provoking insights, exchange ideas on the latest industry trends and technological developments with thought leaders and business peers. With a strong focus in emerging economies especially in Africa, Middle East & Central Asia, Magenta Global works in partnership with both the public and private sectors.

About EPIC Lanka Group – Associate Sponsor

Established in 1998, Epic is a trendsetter and renowned for innovative software solutions in the region. The company has successfully implemented pioneering mobile banking solutions in Sri Lanka, Malaysia and several other countries winning an unprecedented number of national and international accolades in the recent past including APICTA Gold Award for Asia pacific’s best banking solution. Time and again Epic has proved their technological dominance, product supremacy and entrepreneurial excellence at Asia Pacific level.

About SecureMetric – Exhibitor

SecureMetric is one of the fastest growing digital security technology company. Our products and solutions have been successfully shipped and implemented in more than 35 countries worldwide. As a multinational company, SecureMetric’s technical team consist of top security experts from China, Indonesia, Malaysia, Middle East, Philippines, Singapore, Vietnam and United Kingdom. Cross region and cross culture exposure has made SecureMetric a company that is always ahead. With our innovative products and services, we are poised to help our customers to be the best in their industry.

About ControlCase – Exhibitor

ControlCase provide solutions that address all aspects of IT-GRCM (Governance, Risk Management and Compliance Management). ControlCase is pioneer and largest provider of Managed Compliance Services and Compliance as a Service and a leading provider of Payment Card Industry related compliance services globally.
Magenta Global
Merilynn Choo
65 6391 2549
Contact

http://www.magenta-global.com.sg/GreaterMekongMobilePayments2013/

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FOREX industry celebrates the JFEX 2013 awards winners

Posted on 13 May 2013 by Africa Business

Jordan, Amman, May 13th, 2013: JFEX awards, the most prestigious professional awards in the region announced on Monday honoring the best brokers and services providers in the FOREX industry. The 8th Annual JFEX Awards is celebrating the contributions to continue to develop the FOREX industry and reach achievements with great heights that will inspire the investors to pursue the many opportunities available in the industry.

It has been announced as the winners of the eight annual JFEX Awards, honored for their contributions to continue to develop the FOREX industry and reach achievements with great heights that will inspire the investors to pursue the many opportunities available in the industry.

JFEX’s mission, “Together, improve and adapt to the changing needs of the market.” recognizes that We need to keep pace with these rapid changes, we have to manage change so that we can still make a difference. and the awards, set up in 2013, aim to celebrate the hard work and dedication of the companies.

All winners were originally nominated by Filling the Award application , while the prestigious judging panel, who put experience and recognizes the winners in their categories.

Mr. Khaldoun Nusair, AFAQ GROUP chairman , said: “AFAQ GROUP is delighted to host these JFEX Awards to help highlighting the Obtaining of the qualifications, especially on this time basis it`s considered a huge accomplishment , improve and adapt to the changing needs of the market. And this evening, we have seen some of the best examples, from professionals and specialists, as to how this should be done.”

The JFEX Winners:

· FXSTREET: Best FOREX Forecast and Strategy Provider

FXStreet produces well-designed forecast strategy plans need to be desired outputs to required inputs) and provides the traders with market consulting and strategic forecasting supporting by strategic analysis service to emphasis analyzing and risk management.

· AFBFX: Most Innovative ECN Broker

AFBFX as ECN broker became the best who consolidates bank quotes and provides their clients the best bids and offers available. Providing their clients with FOREX scalping opportunities similar how it was originally done by floor traders.

· NOORCM: Most Transparent FOREX Broker

NoorCM is a service provider of Al Shams Investment one of the most respected Investment and financial companies in the region.  NoorCM offers their clients the best conditions, transparency and high level services that exceed all expectations.

· Money Experts : Best Educational FOREX Website

Money experts became the leader in day trading educational systems and strategies by providing online outstanding resources for quality articles, videos, news, analysis and opinions about the FOREX.

· ICM Capital : Fastest Growing Online FOREX Broker

ICM Capital is well-positioned to continue the company’s growth in MENA and is committed to be a dynamic and to provides their services and products in an efficient and innovative manner consistent with the needs of their client.

· FXCM: Best Retail FOREX Provider

FXCM, the best retail broker, who provides easy method to open an account with reasonable leverage, and their clients can demo trade with no limits on its platform until they learn.

· Banc De Binary: Best Binary options Broker in MENA

Banc De Binary , a top-notch binary options broker throughout MENA region and the world, provides traders with the opportunity to test out the platform and to gain trading skills that they can use to have a long, profitable binary options trading experience.

· ADS SECURITIES: Most trusted FOREX Broker

ADS SECURITIES the first and the only FOREX broker is regulated by Central Bank of the UAE. ADS SECURITIES became genuine Middle East brokerage, and it`s the most reliable FOREX broker provides  regional services are designed for use by Middle East customers and the high capitalization of the company means that they can invest in new technology and services.

· FXDD: Best Islamic FOREX Broker

FXDD, the leading Islamic FOREX broker, who strives to always respect the requirements of the Islamic Sharia, the moral code and religious law of Islam.

· DGCX :Best Middle East FX Exchange

DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East. DGCX offers huge advantages to existing participants in physical commodities markets in the region previously unable to hedge their price exposures as well as opportunities to the region’s burgeoning investment community.

· AFB: Best White Label Solution Provider

Arab Financial Brokers (AFB), the closed shareholding corporation registered under the Kuwait commercial law. AFB provides White Label program for individuals and institutions that want to establish a brand name and a presence in the FOREX industry. AFB white label partner are provided with a platform that reflects the partner brand or logo. AFB has been continued dedication to offer global benchmark White Label solutions.

· Activtrades: Best FOREX Customer Services

ActivTrades offers the security and peace of mind of insuring its clients’ funds above the threshold provided by the (FSCS) by providing insurance policy underwritten by Lloyd’s of London. Clients of ActivTrades are individually covered up to £500,000 as Excess of FSCS Insurance.

· FxSolutions: Best Affiliate Program

FxSolutions has the Best Affiliate Program to work with and promote offering the best tools, commissions and overall offerings. FxSolutions ` Affiliate Program has become increasingly popular and as a result there’s a lot more in way of their clients.

· Fxstat: Best Social Trading Networks

FXSTAT has become one of the largest social trading networks. It now serves as an Autotrading (copy trade) service provider as well as a FOREX social network platform to aid traders in their trading. FXSTAT autotrading platform is the image of its innovative approach to technology.

· Market Trader Academy: Best educational trading academy

Market Trader Academy serves their students by offering the best in financial education . Market Trader Academy has been committed to teaching the skills needed to trade with the confidence of the pros using risk management and technical analysis strategies.

The JFEX 2013 Honorees:

· PalFX: JFEX 2013 advisory

The high profile information and consultation services providers in the region, made its contribution to the conference and the award by providing high skills of consultation to JFEX 2013, also sharing its experience in the JFEX Award judging panel.

· Banc De Binary: Most Innovative Stand

· Optimized sense: Participant

· FXBORSSA: Participant

· FX Arabia: Participant

· Bareed Wared: Participant

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MasterCard to Power Nigerian Identity Card Program

Posted on 08 May 2013 by Africa Business

13 Million Cards to be issued first, in largest card rollout of its kind in Africa


About MasterCard

MasterCard (NYSE: MA) (http://www.mastercard.com) is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews (https://twitter.com/#!/MasterCardNews), join the discussion on the Cashless Conversations Blog (http://newsroom.mastercard.com/blog) and subscribe (http://newsroom.mastercard.com/subscribe) for the latest news (http://newsroom.mastercard.com).

About NIMC

The National Identity Management Commission (NIMC) was established by the NIMC Act No.23, 2007 as the primary legal, regulatory and institutional mechanism for implementing a reliable and sustainable national identity management system that will enable Nigerian citizens and legal residents assert their identity. The Act mandates the NIMC to create, own, operate and manage a national identity database, issue national identification numbers to registered individuals, provide identity authentication and verification services, issue multipurpose smartcards, integrate identity databases across government agencies and foster the orderly development of the identity sector in Nigeria. The Act also empowered the NIMC to collaborate with any public and or private sector organization to realize its objectives.

About Unified Payments

Unified Payments is owned by a consortium of Nigerian Banks. Our core businesses comprise Processing, Merchant Acquiring, Switching, Payment Terminal Services and provision of Value Added Services & Solutions. Unified Payments pioneered the issuance and acceptance of EMV Chip + PIN cards in Nigeria, leading to reduction of ATM fraud in Nigeria by over 95%. The company enabled Nigerian banks and merchants for the first time ever to accept foreign cards at ATMs and Points of Sale Terminals, and also pioneered the issuance of Naira cards that are globally accepted.

About Access Bank

Access Bank Plc (http://www.accessbankplc.com) is a full service commercial Bank operating through a network of over 300 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange, the Bank has over 800,000 shareholders and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last ten years ranking amongst Africa’s top 20 banks by total assets and capital in 2011. As part of its continued growth strategy, Access Bank has made sustainable business core to all its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.


CAPE-TOWN, South-Africa, May 8, 2013/African Press Organization (APO)/ The Nigerian National Identity Management Commission (NIMC) (http://www.nimc.gov.ng) and MasterCard (http://www.mastercard.com) today announced at the World Economic Forum on Africa the roll-out of 13 million MasterCard-branded National Identity Smart Cards (http://www.nimc.gov.ng/reports/id_card_policy.pdf) with electronic payment capability as a pilot program. The National Identity Smart Card is the Card Scheme under the recently deployed National Identity Management System (NIMS). This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.

The Nigerian National Identity Management Commission (NIMC) will be issuing MasterCard-branded National Identity Smart Cards with electronic payment capability. This program is the largest roll-out of a formal electronic payment solution in the country and the broadest financial inclusion initiative of its kind on the African continent.

 

Earlier this year Ajay Banga commended the Finance Minister of Nigeria Ngozi Okonjo-Iweala and the Central Bank Governor Sanusi Lamido on the Cashless Nigeria initiative and discussed MasterCard’s commitment to supporting a widespread national identification program in the country.

 

 

Infographic – Navigating the Next Cashless Continent: http://newsroom.mastercard.com/press-releases/mastercard-to-power-nigerian-identity-card-program/mastercard_africa_infographic_01-13_v9/

As part of the program, in its first phase, Nigerians 16 years and older, and all residents in the country for more than two years, will get the new multipurpose identity card which has 13 applications including MasterCard’s prepaid payment technology that will provide cardholders with the safety, convenience and reliability of electronic payments. This will have a significant and positive impact on the lives of these Nigerians who have not previously had access to financial services.

The Project will have Access Bank Plc as the pilot issuer bank for the cards and Unified Payment Services Limited (Unified Payments) as the payment processor. Other issuing banks will include United Bank for Africa, Union Bank, Zenith, Skye Bank, Unity Bank, Stanbic, and First Bank.

The announcement was witnessed by Dr. Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister for the Economy in Nigeria, who stressed the importance of the National Identity Smart Card Scheme in moving Nigeria to an electronic platform. This program is good practice for us to bring all the citizens on a common platform for interacting with the various government agencies and for transacting electronically. We will implement this initiative in a collaborative manner between the public and private sectors, to achieve its full potential of inclusive citizenship and more effective governance,” she said.

“Today’s announcement is the first phase of an unprecedented project in terms of scale and scope for Nigeria,” said Michael Miebach, President, Middle East and Africa, MasterCard. “MasterCard has been a firm supporter of the Central Bank of Nigeria’s (CBN) (http://www.cenbank.org) Cashless Policy (http://www.cenbank.org/cashless) as we share a vision of a world beyond cash. From the program’s inception, we have provided the Federal Government of Nigeria with global insights and best practices on how electronic payments can enable economic growth and create a more financially inclusive economy”.

Chris ‘E Onyemenam, the Director General and Chief Executive of the National Identity Management Commission, said “We have chosen MasterCard to be the payment technology provider for the initial rollout of the National Identity Smart Card project because the Company has shown a commitment to furthering financial inclusion through the reduction of cash in the Nigerian economy.” He added “MasterCard has pioneered large scale card schemes that combine biometric functionality with electronic payments and we want to capitalize on their experience in this field to make our program rollout a sustainable success for the country and for the continent.”

“Access Bank’s involvement in this project is testament to our ongoing efforts to expand financial inclusion in Nigeria,” said Aigboje Aig-Imoukhuede, CEO of Access Bank. “The new identity card will revolutionize the Nigerian economic landscape, breaking down one of the most significant barriers to financial inclusion – proof of identity, while simultaneously providing Nigerians with a world class payment solution”.

“Unified Payments is the foremost transaction processor and pioneer of EMV processing and acquiring in Nigeria, owned by leading Nigerian banks. We will use our expertise and experience to guarantee the success of the project and ensure that the data of Nigerians are protected. We look forward to working with other partners in delivering value to all stakeholders”, said Agada Apochi, Managing Director and CEO, Unified Payments.

The new National Identity Smart Card will incorporate the unique National Identification Numbers (NIN) of duly registered persons in the country. The enrollment process involves the recording of an individual’s demographic data and biometric data (capture of 10 fingerprints, facial picture and digital signature) that are used to authenticate the cardholder and eliminate fraud and embezzlement. The resultant National Identity Database will provide the platform for several other value propositions of the NIMC including identity authentication and verification.

Thanks to the unique and unambiguous identification of individuals under the NIMS, other identification card schemes like the Driver’s License, Voters Registration, Health Insurance, Tax, SIM and the National Pension Commission (PENCOM) will benefit and can all be integrated, using the NIN, into the multi-function Card Scheme of the NIMS. When fully utilizing the card as a prepaid payment tool, the cardholder can deposit funds on the card, receive social benefits, pay for goods and services at any of the 35 million MasterCard acceptance locations globally, withdraw cash from all ATMs that accept MasterCard, or engage in many other financial transactions that are facilitated by electronic payments. All in a secure and convenient environment enabled by the EMV Chip and Pin standard.

Upon completion of the National ID registration process, NIMC aims to introduce more than 100 million cards to Nigeria’s 167 million (http://www.tradingeconomics.com/nigeria/population) citizens.

 

SOURCE

MasterCard Worldwide

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SatADSL Announces a Capital Increase to Finance its Growth Strategy in Africa

Posted on 08 May 2013 by Africa Business

 

Low-cost professional broadband satellite services in Africa

About SatADSL

SatADSL (http://www.satadsl.net) is a satellite service provider offering low cost transactional, Internet access and VoIP service to branch offices of companies located in Sub-Saharan Africa.

The company is seated in Brussels, Belgium, and offers Internet access by satellite in Africa since 2010. Hundreds of African companies use SatADSL service in over 15 different countries in Africa. A money transfer company is connecting together more than 100 of their branches offices thanks to SatADSL.

SatADSL new satellite communication service in Africa is unique because it combines very high-quality service with a low cost of equipment and subscriptions. Corporate users operating in remote areas require both service quality guaranteed by SLAs and affordability. SatADSL service offer is recognized in Africa as being a unique competitive offer for serving companies small branch offices performing business-critical transactions.

SatADSL teams up with highly qualified African partners who offer a high-quality service to professional end-users, spanning from Mali to South Africa. SatADSL distribution network is expanding every day.

Meet SatADSL

SatADSL (http://www.satadsl.net) will be present at SatCom Africa, in Johannesburg, 28-29 May 2013 – Stand D4. SatADSL will give a conference on Tuesday 28th at 10.30 AM.

BRUSSELS, Kingdom of Belgium, May 8, 2013/African Press Organization (APO)/ SatADSL (http://www.satadsl.net), a Belgian Company providing satellite Internet access and communications service in Sub-Saharan Africa, announced today the successful completion of a capital increase aiming at financing its development over the next 5 years. SatADSL completed this last round of capital increase against a cash contribution of 1 million Euros by a leading Belgian private equity investor. This investment will be used to support SatADSL growth strategy aiming at connecting thousands of branch offices of African companies in Sub-Saharan Africa with ubiquitous, reliable yet affordable satellite communications.

Download the flyer: http://www.apo-mail.org/130508EN.pdf

Download the poster: http://www.apo-mail.org/130508poster.pdf

Watch the video: http://www.youtube.com/watch?v=ntQi61BmgtM

“This is a further step in the direction of making SatADSL a big success” says Thierry Eltges, SatADSL CEO.

“We are delighted to work with such an experienced and committed investor which will motivate us to work even harder to fulfill our ambitious business objectives. We are fully committed to offering impeccable quality of service to our African customers and generate value for our shareholders. This capital increase will provide us with the means to support our growth strategy and to further develop our low-cost multi-service delivery platform for the benefit of our African customers. In particular we are proud to help banks and money transfer companies to expand their commercial network of branch offices and to help them providing qualitative financial services to the most remote places. “

 

SOURCE

SatADSL S.A.

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iBurst joins growing list of MEF Wireless Members

Posted on 06 May 2013 by Africa Business

South Africa welcomes 2nd MEF member and announces

first batch of CECP professionals

About The MEF:

The MEF is a global industry alliance comprising more than 200 organizations including telecommunications service providers, cable MSOs, network equipment/software manufacturers, semiconductors vendors and testing organizations. The MEF’s mission is to accelerate the worldwide adoption of Carrier-class Ethernet networks and services. The MEF develops Carrier Ethernet technical specifications and implementation agreements to promote interoperability and deployment of Carrier Ethernet worldwide.

Johannesburg, 3 May, 2013: iBurst, the South African wireless business solutions provider has become the 2nd MEF member in the country and joins founding member, MetroFibre networx.

“The demand for standardised Carrier Ethernet in the region is significant and set to grow rapidly,” said Gary Williams, Head of Pre-Sales Engineering at Metrofibre networx and Marketing Co-Chair for MEF in South Africa. ”
“Now that iBurst is a member, we can connect our networks together to provide greater reach, quality and service delivery to our corporate customers. We expect the remaining service providers in South Africa to follow suit in the weeks to come.According to Williams, a typical NNI (network to network interface) negotiation could take service providers months to hammer out, but with MEF standards, this process is shortened dramatically, speeding up network rollout so that enterprise customers can have assured QoS and SLAs in place rapidly.
In addition, the MEF has announced that 16 professionals from Vodacom, Neotel, MTN, Metrofibre networx and IBurst have obtained MEF-CECP (MEF Certified Carrier Ethernet Professionals) certification , qualifiying them to implement MEF standards across the different networks, rapidly speeding up the process of cross-network interconnect.
“We are proud to be among the first MEF members to provide carrier ethernet services over the last mile using wireless, and with MEF-CECP professionals, iBurst now has a distinct competitive advantage in South Africa,” says Ronald Bartels, Head of Services at iBurst.
“We are now able to extend our reach and develop Layer 2 services and build a significant Carrier Ethernet Exchange in the country.”
“We can add vital added features, including multiple classes of service, greater manageability and easier interconnect, enabling new levels of efficiency for mobile backhaul, making it easier for a large number of access providers to join the Carrier Ethernet community.”

 

For more information about the Forum, including a complete listing of all current MEF members, please visit the MEF web site at http://www.MetroEthernetForum.org/

 

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Call for papers issued for sub-Sahara’s premier power conference and expo

Posted on 02 May 2013 by Africa Business

About PennWell

Established in 1910, PennWell Corporation is a leading international multimedia provider of business intelligence, producing 45 print and online publications, and over 60 conference and exhibitions, research, databases, Internet-based services and other information products to strategic global markets. PennWell POWER-GEN conferences and exhibitions are the world’s leading business-to-business power generation events, together connecting over 50,000 industry professionals each year. In addition to its headquarters in Tulsa, USA, PennWell has offices throughout the world, including England, Germany, Russia and Hong Kong, to provide its customers and partners with a truly global service. www.pennwell.com

 

PennWell Corporation has issued a call for papers for POWER-GEN Africa 2014, the leading international conference for the power sector in sub-Saharan Africa.

Following the success of the inaugural POWER-GEN Africa conference in 2012, which saw 228 conference addresses over three days with over 2,000 attendees, POWER-GEN Africa 2014 will again focus at a high level on the key issues impacting the region’s power generation stakeholders.

POWER-GEN Africa 2014, to be staged in Cape Town, South Africa, from 17-19 March 2014, will address local and international experts and professionals from energy intensive industries, and officials and ministers from the national and regional political spheres who are tasked with energy policy.

The three day event will also feature a multi-track conference to explore the theme Solutions for Africa’s Energy Future and an exhibition where the leading suppliers from both the international and African power sectors will demonstrate their latest technologies and solutions to a power-hungry audience.

The second POWER-GEN Africa will take place in tandem with DistribuTECH Africa in Cape Town, and is expected to again attract large numbers of attendees from across Africa. At the inaugural event, 63 countries from 6 continents were represented. A dominant 66% of the conference and exhibition attendees were from across Africa. 93% of attendees said they found POWER-GEN Africa important to achieving their business objectives, and 100% of attendees surveyed said POWER-GEN Africa fulfilled their expectations.

The 2014 conference and exhibition will focus both on conventional power generation and the rapidly emerging alternative power generation sector.

Over three tracks: Strategic, Technical and Renewable Energy, POWER-GEN Africa will provide a platform for expert insights into strategies, trends and technologies to drive the sub-Saharan power sector. A POWER-GEN Africa Best Paper Award will be given for the most interesting, relevant and innovative paper in each POWER-GEN Africa conference track as judged by members of the Conference Advisory Board.

Key topics identified for discussion by speakers this year include:

· Market Trends

· Strategic Planning

· Market Structure and Regulation

· Project Issues

· Nuclear Power

· Financing

· Policy & Regulation

· Wind Technology

· Solar Technology

· Biomass

· Geothermal

· Operations and Maintenance

· Grid Integration

· Energy Storage Systems

· Rural Electrification

· Emerging Renewables

· Hybrid Power Plants

· Improving Forecasting and Resource Assessment

· Hydro Technology

The expert speakers selected by the advisory board will deliver advanced papers to an audience of power and heat producers and plant owners, public sector power officials, strategic investors, engineers, traders and trade media, among others.

For more information about the topics to be addressed, and to submit abstracts for consideration, visit  www.powergenafrica.com . The abstract submission deadline is 31 May 2013.

DistribuTECH Africa 2014, with its theme Equipping Utilities for the Future, is likewise expected to draw an audience of local and international leaders, planners, technical experts, suppliers, investors, regulators and policy makers in the electricity Transmission and Distribution industry. For further information visit www.distributechafrica.com

 

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