African News Archives - Page 31 of 46

20Oct

By Africa BusinessNo Comments

African News, Nigeria News

Richard Chandler Corporation Invests in Union Bank of Nigeria

SINGAPORE, 2012 /PRNewswire/ -- The Richard Chandler Corporation announced that it has invested US$112 million to support the recapitalisation of Union Bank of Nigeria by Union Global Partners Limited (UGPL) consortium. This investment equates to a 13.4% position in Union Bank of Nigeria (UBN). Founded in 1917, UBN is one of Nigeria's most recognised and established banks, with a strong heritage and a pedigree brand. UBN has a nationwide platform of over 400 branches, approximately US$6.6 billion of total assets and approximately US$ 3.5 billion of customer deposits. UGPL has recapitalised UBN with US$ 500 million, acquiring a 65% shareholding in the bank. Nigeria has a population of 167 million, making it the seventh most populous country in the world and Africa's largest...

20Oct

By Africa BusinessNo Comments

African News

The 2nd Liberian Mining, Energy & Petroleum Conference & Exhibition (LIMEP 2013)

LIMEP 2013 (Microsoft Word) The 2nd Liberian Mining, Energy & Petroleum Conference & Exhibition (LIMEP 2013) will take place from 09 – 11 April 2013, in Monrovia, Republic of Liberia. This event is organised by the Ministry of Lands, Mines and Energy, in partnership with AME Trade Ltd. LIMEP 2013 will focus on Liberia’s mining, energy and petroleum potential and their sustainable development. LIMEP will feature three days of conference sessions, a trade exhibition, round table discussions, seminars as well as touristic trips and mine site visits. The inaugural LIMEP which took place in 2011 was a major success, featuring over 400 delegates, 59 speakers and 40 exhibiting companies emanating from 27 countries. It was the largest ever industry event to be organised in Lib...

20Oct

By Africa BusinessNo Comments

African News, Zambia News

The 3rd annual Zambia International Mining & Energy Conference & Exhibition (ZIMEC 2013)

ZIMEC 2013 (Microsoft Word) The 3rd annual Zambia International Mining & Energy Conference & Exhibition (ZIMEC 2013) will take place at the Government Complex, in Lusaka, Zambia from 18th -20th June 2013. Building on the success of the previous edition which attracted over 62 speakers, 72 exhibitors and over 600 participants emanating from 30 countries ZIMEC 2013 will offer a strategic and unrivalled platform to promote investment, engage with all stakeholders and discuss options for the sustainable development of Zambia’s mining and energy sectors. ZIMEC 2013 will create the perfect platform for companies who currently work in ZAMBIA to further demonstrate their commitment to Zambia’s Mining & Energy sector . Exhibitors will have the opportunity to demonstrate and...

19Oct

By Africa BusinessNo Comments

African News

1st Cameroon International Mining Conference & Exhibition (19 – 20 February 2013 Yaoundé, Cameroon)

CIMEC 2013 (1st Cameroon International Mining Conference & Exhibition ) will take place from 19 – 20 February 2013 at the Hilton Yaoundé Hotel, Yaoundé, Cameroon. The event is organised by the Ministry of Industries Mines and Technological Development in association with AME Trade Ltd. The event will feature a two day conference, exhibition and a post event option to visit some of Cameroon’s key mining sites. Theme: “Sustainably developing Cameroon’s mineral resources for the benefit of future generation” CIMEC 2013 will gather international investors, mining experts, and directors of financial institutions, Cameroonian decision makers, development partners and other key actors in the mining industry. CIMEC 2013 will allow you to: Network with key decision makers...

19Oct

By Africa BusinessNo Comments

African News

Tánaiste to discuss African trade opportunities with 120 Irish business leaders

DUBLIN, Ireland, October 19, 2012/African Press Organization (APO)/ – Tánaiste to discuss African trade opportunities with 120 Irish business leaders EVENT: • Representatives of more than 120 Irish companies will gather for the Africa Ireland Economic Forum at the Smurfit School of Business in Dublin to discuss trade and investment opportunities in Africa. • Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore T.D., will address the forum and highlight opportunities for Irish companies in sectors including agri-food, construction, information technology and pharmaceuticals. The forum will be opened by Minister for Trade and Development Joe Costello. DATE: • Monday, October 22. A photocall will be held at 11am, featuring the Tánaiste, Minist...

19Oct

By Africa BusinessNo Comments

African News, Burkina Faso News

Burkina Faso: World Bank grant to support regional “center of excellence” serving engineering students from 36 countries

The World Bank’s Board has approved a grant of US$10 million to improve existing training facilities and house more students at the International Institute of Water and Environmental Engineering (2iE) in Ouagadougou, Burkina Faso. As many as 2,500 students will now be enrolled at 2iE by 2015, up from just 650 in 2009. The institute serves as a regional “center of excellence” for students from 36 countries, helping to meet Africa’s need for more engineers in water, energy, environment, and infrastructure. .Notably, 93 percent of new 2iE graduates are employed within six months, showing that their skills are highly in demand and closely matched to market needs. The World Bank, which supports greater competitiveness and employment in African economies, is helping 2iE to become f...

19Oct

By Africa BusinessNo Comments

African News, Energy, Green Energy

Africa’s Energy Challenge: World Bank Africa Vice President Makhtar Diop

Remarks at the IMF/World Bank 2012 Annual Meetings Event: The Energy Challenge of Africa Good afternoon everybody. I’m very grateful and thankful to the Japanese authorities for organizing this event jointly with the World Bank and for extending their hospitality to all of us here. I would like, in particular, to thank Minister Gemba, who took time out of his very busy schedule to come and open this event. I would like to thank Mayor Hayashi for her presence here, and I look forward to visiting her in Yokohama. I would like to thank JICA―the Japan International Cooperation Agency― the Ministry of Finance and the Minster of Foreign Affairs for organizing this event. I have some remarks, but I just want to, before I go on to my remarks, comment a little bit and react a littl...

18Oct

By Africa BusinessNo Comments

African News

Dolat Ventures to Target Resource Expansion on Diamond and New Gold Projects in Sierra Leone

NEW YORK, Oct. 18, 2012 /PRNewswire/ -- Dolat Ventures Inc. (OTC: DOLV) a diamond development company focused on West Africa, is pleased to announce its plans to initiate its diamond mining and has its target on new gold resource as part of its diamond project in Sierra Leone. Following new in soil surveys of new targets which comprised hundreds of over soil samples, an area has been identified returning elevated gold values with a potential kilo output of up to 7 kilos of gold in a target area which is 10 kilometers from the diamond mining operation. The Company's focus is set to coincide with the best months of the mining season, December through July, in Sierra Leone. For the diamond operation the Company intends to complete building its 100 ton/hour wash plant and acquire...

18Oct

By Africa BusinessNo Comments

African News

Easymeeting.net Reports Solid Global Growth & Useage For Its Video Conferencing Services

Easymeeting.net reports a 57% increase in video conferencing participation in the 3rd quarter and 9000 video conferencing calls in September alone for its video conferencing services. OSLO, Norway and MYSTIC, Conn., Oct. 18, 2012 /PRNewswire-iReach/ -- Easymeeting.net reports a 57% increase in video conferencing participation via traditional video conferencing hardware systems during the third quarter of 2012. Easymeeting.net also reports a 37% increase in the number of video meetings via the easymeeting.net cloud service easyConference. Easymeeting.net also noted increases in the number of searchable video conferencing systems in the easymeeting.net catalog and easyNumbers during the 3rd quarter alone. In September the easymeeting.net EMEA platform registered more than ...

18Oct

By Africa BusinessNo Comments

African News, South Africa News

New Hedge Fund Software Expands into the South African Market

TORONTO, Oct. 18, 2012 /PRNewswire/ - Canadian software vendor SGGG Portfolio Systems, SynOps Investment Operations and Deutsche Securities Johannesburg today announced the successful implementation of the SGGG Portfolio System across Deutsche's hedge fund client base in South Africa. Graeme Lappin Director of SynOps commented, "The SGGG system is ideal for the South African hedge fund industry. It is a front office portfolio management tool that integrates the trading, operations and management functions across the company, simply yet extremely effectively. The software has been designed specifically for hedge funds and small to medium sized asset managers, and is available with a highly attractive pricing and licensing structure. SGGG Portfolio Systems and SynOps have a partner...