Africa Business, Author at AfricaBusiness.com

25Oct

By Africa BusinessNo Comments

African News

CAMAC Energy CEO Honored by Goldman Sachs as one of the 100 Most Innovative Entrepreneurs

HOUSTON, Oct. 25, 2012 /PRNewswire/ — CAMAC Energy Inc. (NYSE MKT: CAK) (“the Company”) today announced that Chairman and CEO Dr. Kase Lawal, recently attended the inaugural Goldman Sachs Builders & Innovators Summit where he was honored as one of the 100 most innovative entrepreneurs for his 26 years of creating value on the continent of Africa. The Summit, held October 22nd-24th in Newport Beach, California was the first of its kind, bringing together emerging entrepreneurs from a diverse set of industries with more seasoned entrepreneurs. Participants engaged in two days of discussions and workshops on building great and enduring companies that reshape their industries. Conference speakers included President Bill Clinton, Facebook COO, Sheryl Sandberg, and Goldman Sachs C...

25Oct

By Africa BusinessNo Comments

African News, South Africa News

OECD and ATAF strengthen tax co-operation with Africa

PARIS, France, October 25, 2012/African Press Organization (APO)/ – The OECD and the African Tax Administration Forum (ATAF) have signed a Memorandum of Co-operation, agreeing to work together to improve tax systems in Africa. Logan Wort, Executive Secretary of ATAF stated that, “Since the inauguration of ATAF, the invaluable support and commitment of the OECD has helped ATAF achieve many successes in its quest to promote economic growth through developing tax administrations on the African continent. In a short space of time, our two organisations have developed a special relationship that has continued to contribute significantly to the sharing of knowledge and the development of technical skills for African revenue administrators. The Memorandum of Cooperation between the OECD ...

25Oct

By Africa BusinessNo Comments

African News, South Africa News

R70 MILLION INVESTMENT FOR EAST LONDON TERMINALS

[EAST LONDON – October 2012] TheEast London multi-purpose terminals operated by Transnet Port Terminals have celebrated a historical moment this month when it took delivery of a R70 million brand new Liebherr mobile crane on 14 October 2012. The MV Annette vessel discharged the crane as a semi-assembled unit, which will be assembled by a team of engineers on site. “It is indeed an exciting moment for the East London terminals as this is a historical moment where East London received its first ever mobile crane. This also reaffirms Transnet’s commitment to increasing economic activity in this region,” says SiyaMhlaluka, TPT’s GM: Eastern Cape Terminals. “The investment will address the market demand for cranes in East London to improve efficiencies to o...

25Oct

By Africa BusinessNo Comments

South Africa News

Standard Bank Group gets behind the Orange Africa Cup of Nations, South Africa 2013

Football legends from throughtout Africa will join Standard Bank Group in celebrating the countdown to the upcoming continental football showpiece, the Orange Africa Cup of Nations, South Africa 2013. These legends will the ambassadors in the tournament's official Trophy Tour as well as the Players' Escort Programme. Standard Bank Group is the exclusive sponsor of the Trophy Tour and partner to the tournament's Player Escort Programme. With the Orange Africa Cup of Nations, SOUTH AFRICA 2013 to be staged in five South African cities from 19 January to 10 February next year, Standard Bank Group is giving football fans in various counties in Africa the opportunity to get up close to the coveted trophy at selected venues. Members of the public will be given the opportunity to...

24Oct

By Africa BusinessNo Comments

African News, Tunisia News

AfDB hosts a workshop to boost local currency bond market development in Africa

Few African countries can effectively access capital in their domestic markets TUNIS, Tunisia, October 24, 2012/African Press Organization (APO)/ – The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB) (http://www.afdb.org), hosted a Pan-African Stakeholder Workshop from October 22 to 24, 2012, at the Ramada Plaza Hotel in Tunis. The workshop offered a unique opportunity for policymakers and market participants to share experiences and contribute to discussions on critical issues facing the development of local currency bond markets in Africa. Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/african-development-bank.jpg In contrast to other regions in the world, few African countries can effectively access capita...

24Oct

By Africa BusinessNo Comments

Egypt News, Science

Announcing the Launch of Innovative Computer Software for the Ancient Egyptian Hieroglyphs, Tehuty 1.0

Revolutionary new computer software is reviving the past for Egyptologists, students, artists, designers and schools and bringing the language of ancient Egypt into a new era. London, United Kingdom, October 24, 2012 --(PR.com)-- The Tehuty 1.0 software is the result of 23 years' painstaking work by Dr. Ramses Seleem, Principal of Sia Academy for Ancient Egyptian Studies in London, who is an author and teacher of the ancient Egyptian body of knowledge. Dr. Seleem has taught and lectured in many countries around the world, including the USA, Australia, South Africa and Holland. He has also written many books on all aspects of the ancient Egyptian culture, including 'The Illustrated Ancient Egyptian Book of the Dead' (pub. Godsfield Press, 2001) and 'The Egyptian Book of Life' (...

24Oct

By Africa BusinessNo Comments

African News, Sierra Leone

NEW UK ROAD REPAIR COMPANY TARGETS AFRICA

Newly-formed road remediation company, Quikfix Holdings Limited, is targeting Africa with its instant road repair service. The UK-based company, which was founded only in August this year, has already incorporated a subsidiary business in Sierra Leone in view of securing a five year contract with the government to carry out nationwide repairs to the numerous potholes which blight the country’s economic development. Quikfix has identified similar problems in many other African countries and is currently introducing its turnkey supply and repair service to highway authorities throughout West Africa. Quikfix is licensed to manufacture Instarmac’s Emcol cold-mix technology which provides an instant, permanent repair without the need for heating or road closures. The company plans t...

24Oct

By Africa BusinessNo Comments

African News, South Africa News

Exset’s Digital Monetisation System plans to promote African Digital Transition

By Thandisizwe Mgudlwa Exset, pioneers of TV ecosystems for emerging markets, recently launched its Digital Monetisation System (DMS) in Africa. The DMS facilitates the transformation and monetisation of television platforms across Africa, assisting in the closing of the digital divide. And the Africa Page is a new and unique way of increasing operator revenues in value-based digital television networks. Furthermore, DMS, already an award-winning solution - bridges the gap between technology and value-added services creating digital television platforms that can be monetised where previously impossible, allowing populations to benefit from new information and entertainment services while partnering governments to achieve digita...

24Oct

By Africa BusinessNo Comments

African News, South Africa News

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 of risks associated with the outsourcing model that need to be managed. Global research confirms that the growth of the African mobile communications market and the continent’s reliance on mobile telephone technology has opened up a market for innovative entrepreneurs to develop applications and tools to improve the lives of people and help companies reach their target markets. At the forefront is the leading role Africa is t...

24Oct

By Africa BusinessNo Comments

African News

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 falling, according to online money transfer specialist WorldRemit, which has seen the average amount sent per transaction drop by over 60 per cent in the last year WorldRemit, which is the largest dedicated online international money transfer service processing tens of thousands of remittance transactions to Africa each year, has witnessed the average transaction value fall from £270 to £96 over the past year. According to company found...