Category Archives: African News

African Business News

Growing MENA-MED Oil and Gas Market Attracts Investors

GENEVA, July 9, 2012 /PRNewswire/ — 9th MidEast-North Africa Mediterranean Upstream Conference – focuses on new opportunities With huge gas finds in the Mediterranean, new gas-LNG ventures afoot, accelerating acreage leasing and major capital investment projects across the region, the Middle East and North African oil and gas market remains one of the biggest and […]

Market Rally Running Out of Steam?

  LONDON, July 9, 2012 /PRNewswire/ — June proved to be a bullish month for stock markets, with investors buying back into the market after three previous months of declines as Central Banks looked to stimulate a slowing global economy. In June, the FTSE 100 gained 251 points or 4.7%. However, having hit resistance at […]

Yet Another Recognition: Dr. Naseer Homoud Among Top 100 in Construction Sector of the Arab World

Recognizing immense standing in the construction and real estate sector, Dr. Naseer Homoud, a renowned philanthropist and business leader, has been placed at 84th position of 100 Most Powerful in Gulf Construction as unveiled by Construction Week’s annual Power 100 listing. Doha, Qatar, July 09, 2012 –(PR.com)– Being part of the List, Dr Naseer Homoud […]

“The Electric Power Infrastructure Security Market Will Reach $3.7bn in 2012” Says Visiongain Report

  Visiongain’s analysis indicates that the electric power infrastructure security market to be worth $3.7bn in 2012, as companies and organisations across a number of sectors seek to secure their systems, networks, information and data against the dangers of cyberspace. London, United Kingdom, July 07, 2012 –(PR.com)– The electric power infrastructure security market is therefore […]

The forgotten mobile device!

  While companies everywhere grapple with the seemingly impossible task of securing their growing herds of smartphones and tablets, many are forgetting the stalwart of day-to-day productivity: the laptop. Often assumed not to be a data security risk, a lost or stolen laptop often offers its new owner unprecedented access to confidential company files, databases […]

GAMBIA: TOURISM SECTOR SHINES DESPITE BOTTLENECKS IN GLOBAL ECONOMY, SAHEL REGION

  by Amat JENG http://www.mediarevolution-amat.blogspot.com The Minister of Tourism and Culture of The Gambia has appreciated the trend of the tourism sector saying it is undergoing “tremendous transformation”, despite the turbulence in the global economy, exacerbated by political turmoil in some parts of the Middle East, North Africa and in the Sahel. Minister Fatou Mas […]

ACCESS BANK HOLDS AGM WITH TOTAL ASSETS, CONTINGENTS GROW AT D991 MILLION

by Amat JENG Access Bank (Gambia) Ltd on Wednesday held its fifth Annual General Meeting (AGM) at the bank’s head office along Kairaba Avenue. Started with a required quorum, the meeting witnessed the Chairman board of directors of the bank, Bai Mattar Drammeh, declared total assets and contingents to have grown by 7.7% from dalasi […]

Video: Investing for Sustainable Development

Frontiers in Development: June 13, 2012 DevTalk: Joel Lamstein, Co-founder and President of John Snow, Inc. Forum: Investing for Sustainable Development Moderator: Donald Steinberg, Deputy Administrator, USAID Emilia Pires, Minister of Finance of Timor-Leste Amara Konneh, Minister of Planning and Economic Affairs of Liberia Rakesh Rajani, Head and Founder of Twaweza Paul O’Brien, Vice President […]

The role of tourism employment in poverty reduction and community perceptions of conservation and tourism in southern Africa

  Journal of Sustainable Tourism Volume 20, Issue 3, 2012 Special Issue: Tourism and Poverty Reduction: theory and practice in less economically developed countries By Susan Lynne Snyman Abstract High-end ecotourism operations in African protected areas often claim to share the benefits of ecotourism with surrounding rural communities through employment as well as “trickle down” […]

IP rights no longer capital in South Africa: a welcome signal for foreign investment

  by Marumo Nkomo University of Cape Town Oilwell v Protec (295/10) [2011] ZASCA 29 (Justice Harms JA), 18 March 2011 Abstract The ruling clarified in the negative, a pressing question for foreign entities intending to do business in South Africa: does IP constitute capital for the purposes of currency and exchange regulation? Please read […]

Land registration, credit and agricultural investment in Africa

Author(s): Daniel Domeher, (School of the Built Environment, Liverpool John Moores University, Liverpool, UK), Raymond Abdulai, (School of the Built Environment, Liverpool John Moores University, Liverpool, UK) Citation: Daniel Domeher, Raymond Abdulai, (2012) “Land registration, credit and agricultural investment in Africa”, Agricultural Finance Review, Vol. 72 Iss: 1, pp.87 – 103 Publisher: Emerald Group Publishing […]

IBM Supports Accelerated Adoption of Technology in Tanzania

  DAR ES SALAAM, Tanzania, July, 2012 /PRNewswire/ — IBM (NYSE: IBM) today (July 4) signed a collaboration agreement with the Tanzanian Ministry of Communication, Science and Technology to help accelerate the adoption of technology as part of Tanzania‘s ongoing development and strategy to increase its competitiveness in East Africa. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) IBM will work […]

Video: Footage shows African ‘ghost town’

A giant new Chinese-built city has sprung up on the outskirts of Angola’s capital Luanda. Nova Cidade de Kilamba is a brand-new mixed residential development of 750 eight-storey apartment buildings, a dozen schools and more than 100 retail units. Designed to house up to half a million people when complete, Kilamba has been built by […]

Africa provides vast potential for micro-insurance

Micro-insurance coverage has expanded dramatically globally from the 78 million low-income people identified in 2007 to the current estimates suggesting the sector is approaching 500 million lives covered today. This growth has been largely driven by both the active involvement of governments to better help citizens protect themselves against risks and the availability of payment […]

Can Africa Industrialise?

  by John Page Abstract Africa needs structural change to sustain growth. Industry with and without smoke stacks is key, but Africa has deindustrialised since the 1970s. Can Africa industrialise? Rising costs and domestic demand in Asia offer an opportunity. However, trade in tasks, firm capabilities and agglomeration will drive industrial location choices. Strategies to deal […]

Evaluating enterprise policy interventions in Africa: a critical review of Ghanaian small business support services

Obeng, Bernard and Blundel, Richard (2012). Evaluating enterprise policy interventions in Africa: a critical review of Ghanaian small business support services. Journal of Small Business Management (in press). Abstract Enterprise policies play a central role in economic development across Africa, but more effective, evidence-based policy evaluation is required to inform future interventions. The paper aims […]

SA’s Top Restaurant Brands

Spur has been identified as SA’s leading restaurant brand, according to the results of a survey conducted by Acentric Marketing Research. The survey was conducted in the first quarter of 2012 and included 21 restaurant-chain brands. The survey was conducted amongst a scientifically selected sample of 364 online panelists, and has a margin of error […]

Only 0.27% of the world’s top 1 million sites are hosted in Africa

Africa, with its over 1 billion people, has reached a 13.5% Internet penetration rate, and there are plenty of big websites about the continent. But where are those sites hosted? It would be safe to assume that there are big sites about Africa hosted outside the continent, but what would be the top 100 sites […]

New trends in insurance and opportunities in Africa

  The Africa Insurance & Reinsurance Conference Presentations New trends in insurance and opportunities in Africa by David K Ronoh Managing Director CIC Life Assurance Ltd Please download presentation: Presentation David K Ronoh (.pdf Acrobat Reader)

African Short-term Insurance Industry Trends

  The Africa Insurance & Reinsurance Conference Presentations   African Short-term Insurance Industry Trends   by Brian Kapito, Projects Manager, NICO Holdings Limited Malawi Please download Presentation – Brian Kapito.pdf   AIRC 2012 again proved that it is the event of choice for regional insurance players as more that 70 delegates attended the first day. […]