Author Archives: Africa Business

African Mobile Banking sector shows great promise

  By Thandisizwe Mgudlwa So James Alt, the risk advisory senior manager at Deloitte Cape Town believes that the big corporate companies utilise innovation to produce cutting edge solutions for new technologies in order to remain market leaders. Where development of these new technologies is outsourced to service organisations, corporates are faced with a set […]

Remittances to Africa becoming smaller and more frequent, says expert

  Lower fees and technological innovation have resulted in 60% drop in average transaction value as African diaspora remits smaller amounts of money more often.   London, October 2012 – While the overall amount of money remitted to Africa is on the rise, the average value of remittance transactions between the UK and Africa is […]

Dr.Hauschka Establishes NEW Fair Trade Initiative in Ethiopia

  Sourcing Organic Damask Rose Essential Oil NEW YORK, Oct. 23, 2012 /PRNewswire/ — Dr.Hauschka Skin Care is proud to announce their support of the Terra PLC Damask Rose Farm, a new fair trade initiative in Ethiopia. Dr.Hauschka Skin Care manufacturer WALA Heilmittel is helping to create a self-reliant and economically sustainable community by establishing […]

Boeing, Ethiopian Airlines and Seattle Anesthesia Outreach Join Together for first 787 Dreamliner Humanitarian Flight

  – 20,000 pounds of humanitarian aid loaded on Ethiopian Airlines’ third Dreamliner EVERETT, Wash., Oct. 23, 2012 /PRNewswire/ — Boeing (NYSE: BA) joined with Ethiopian Airlines and Seattle Anesthesia Outreach (SAO) to deliver approximately 20,000 pounds (9,000 kilograms) of medical supplies to Ethiopia‘s largest hospital. The delivery was made to Black Lion Hospital using […]

Economic Turmoil Motivates More Enterprises to Examine Benefits of Contact Center Outsourcing, Says Frost & Sullivan

  Enterprise demand for low-cost, high-quality contact center outsourcing solutions is rising LONDON, Oct. 23, 2012 /PRNewswire/ — The contact center outsourcing market in Europe, Middle East and Africa (EMEA) experienced relatively low growth in 2011 in comparison to other major regions in the world. This trend is expected to persist over the next 5 years […]

Mobile Money in Emerging Markets – 2nd Edition

  NEW YORK, Oct. 23, 2012 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue:   Mobile Money in Emerging Markets – 2nd Edition http://www.reportlinker.com/p01020611/Mobile-Money-in-Emerging-Markets-–-2nd-Edition.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Payment_Processing Executive summary   Mobile money is causing a significant transformation in how banked and previously unbanked people in emerging markets are conducting their financial […]

Global Solar Backsheet Market Revenues to Reach an Estimated $1.4 Billion by 2020; Energy Harvesting to Touch $3.1 Billion in 2017

  FARMINGTON, Conn., Oct., 2012 /PRNewswire-iReach/ — The global solar backsheet market is growing at a fast pace, supported by strong growth in the solar PV industry in many countries, such as Germany, Italy, China and the US. Global solar PV backsheet market revenues increased from an estimated $596.5m in 2008 to $1.6 billion in […]

Sarama Resources Commences New Exploration Season in Burkina Faso

  TSX-V Ticker:  SWA SWA.WT VANCOUVER, Oct., 2012 /PRNewswire/ – Sarama Resources Limited (“Sarama” or the “Company“) reports that it has commenced exploration activities at the South Houndé and Banfora Projects in south-western Burkina Faso for the new exploration season following the finish of seasonal rains. Approximately 46,000m of drilling is planned for the first […]

CAMAC Energy Inc. to Present at 19th Africa Oil Week

  HOUSTON, Oct., 2012 /PRNewswire/ — CAMAC Energy Inc. (NYSE MKT: CAK) (“the Company”)  announced that Dr. Kase Lawal, Chairman and Chief Executive Officer, will present at the Corporate Strategies in Africa session at the 19th Africa Oil Week  in Cape Town, South Africa on Friday, November 2 at 9:10 a.m. South Africa Standard time (2:10 […]

Construction to commence to expand Globeleq’s Cote d’Ivoire plant

  LONDON, Oct., 2012 /PRNewswire/ — Globeleq Generation Limited (Globeleq), the emerging markets power company, announces the signature of financing for the 139 MW expansion of its existing 288 MW Azito gas-to-power plant near Abidjan, Cote d’Ivoire. (Logo: http://photos.prnewswire.com/prnh/20040611/DAF004LOGO ) Construction is expected to commence shortly, and to be completed in just over two years.  The […]