2013 Archives - AfricaBusiness.com

13Dec

By Africa BusinessNo Comments

African News, Morocco News

“Circum Central Atlantic, Northwest Africa and Mediterranean: Your Net-based Source for E&P Opportunities”

Oil & Gas Marrakech Conference and Exhibition will be held in the Marrakech Congress Palace, Morocco. As one of the most important technical events in Morocco, it is an ideal opportunity to focus on the progress of the oil and gas industry across this region, an area known for its diversity, opportunity and capacity for growth. Northwest Africa in general and Morocco in particular are on the eve of a very ambitious exploration drilling programs tapping on both conventional and non-conventional hydrocarbon potential. This will provide exciting time for the forthcoming years to all actors of the Oil and Gas industry in the region. The petroleum industry in Morocco has reached a new maturity. New frontiers are being opened, a new modern database is being acquired and new play concepts h...

13Dec

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Africa Energy Indaba 2013

Africa Energy Indaba 2013 Dates: 19-21 February 2013 Sandton Convention Centre, Johannesburg Website: www.energyindaba.co.za The Africa Energy Indaba, adopted by the World Energy Council (WEC) as the African regional event of the WEC, receives global recognition as the foremost event for energy professionals from across the globe and is rapidly gaining momentum as the energy business forum in Africa. Presented by the South African National Energy Association (SANEA) in association with the World Energy Council, and supported by the African Union and the NEPAD Planning & Coordinating Agency, the forum has achieved the highest level of endorsement and support and as such is without doubt the leading energy event in Africa. Africa is a continent of contrasts. It is the fastest...

12Dec

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

JinkoSolar to Supply 81 MW WBHO-Building Energy in South Africa

SHANGHAI, Dec. 12, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a contract with fix price to supply WBHO-Building Energy (Pty) Ltd. ("WBHO-BE") with 81 MW of photovoltaic (PV) modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. The project will be developed, designed, constructed and commissioned by WBHO- BE and is, so far, the largest project in African Continent and one of the first approved under the South African government's Renewable Energy Program. JinkoSolar will deliver a total of 344,540 PV high quality solar panels for the project, which is expected to generate...

21Nov

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Africa’s Energy Stakeholders Embrace “Global Technology for Local Solutions”

The timing of the first POWER-GEN Africa and Renewable Energy World Africa, which took place from 6-8 November 2012 in Johannesburg could not have been more favourable as the first contracts between the South African government and independent power producers (IPPs) to add 1400 megawatts of renewable energy to the national grid was signed during the week of the event. Explains Nigel Blackaby, Event Director and Director of International Conferences at event organisers, PennWell Corporation, “this underscores the importance and significance of hosting a globally representative power generation exhibition and conference such as POWER-GEN Africa and Renewable Energy World Africa, which is aimed at linking professionals in the energy generation industry of Africa with lead...

17Nov

By Africa BusinessNo Comments

African News, Senegal News

IBM Helps Senegalese City of Thies Plan for Economic Growth

THIES, Senegal, Nov., 2012 /PRNewswire/ -- A team of experts from IBM (NYSE: IBM) presented recommendations to the City of Thies to grow the economic sector through measures to bolster entrepreneurialism, agricultural exports, and education. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) The 14-member IBM team of experts, with members hailing from ten countries, are completing a month-long engagement as part of IBM's pro bono Corporate Service Corps program, which provides problem-solving assistance to educational institutions, small businesses, non governmental organizations (NGOs), and governmental agencies in emerging markets. Since the launch of the Corporate Service Corps in 2008, over 2,000 IBM employees based in 50 countries have been dispatched on mor...

10Nov

By Africa BusinessNo Comments

African News, Mauritius News

IMF to open regional training center for Sub-Saharan Africa in Mauritius

By Wallace Mawire The International Monetary Fund (IMF) plans to establish a Regional Training Center (RTC) for Sub-Saharan Africa in Mauritius, according to a spokesperson. RTCs elsewhere in the world have facilitated the training of government officials on the formulation and implementation of macroeconomic policies as well as related statistical and legal frameworks. With support of donors, such centers and programs are operational in Austria, Kuwait, and Singapore, complementing training at IMF headquarters. The new center is expected to close a longstanding gap, as Africa has lacked an IMF training center despite considerable training needs. The RTC in Mauritius will start operations in 2013 with courses and seminars covering macroeconomic policymaking and financial programming, p...

10Nov

By Africa BusinessNo Comments

Energy, Green Energy

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa's renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects. Standard Bank Group will provide comprehensive corporate and investment banking services to all its clients, including underwriting R9.4-billion worth of debt, providing interest and currency hedges, carbon trading credits, and corporate bonding and guarantee facilities. Standard Bank Group has also taken an equity stake in four projects. The South African government's allocation of 1,416MW for this first round of the procuremnt process has translated...

8Nov

By Africa BusinessNo Comments

African News, Rwanda News, South Africa News

International Gateway Traffic Verification System Now Fully Operational in Rwanda

CAPE TOWN, South Africa, November 8, 2012/PRNewswire via African Press Organization (APO)/ — A Joint Realization of Global Voice Group and SGS Societe Generale de Surveillance for the Rwanda Utility Regulatory Agency Global Voice Group (GVG) and SGS Societe Generale de Surveillance are proud to announce that the International Gateway Traffic Verification System (IGTVS), commissioned by the Rwanda Utility Regulatory Agency (RURA) earlier this year, is now fully operational. This successful rolling-out represents the outcome of a procurement process that began in November 2011 with an international tender issued by the RURA for a system “that would enhance their technical capacity to effectively exercise their regulatory mandate”. The bid was won by a consortium made of GVG and...

8Nov

By Africa BusinessNo Comments

African News, Central African Republic News

IMF Concludes ECF Review Mission to the Central African Republic

BANGUI, Central African Republic, November 8, 2012/African Press Organization (APO)/ – A mission from the International Monetary Fund (IMF) led by Mr. Norbert Toé visited Bangui, Central African Republic (CAR), during October 24 to November 8, 2012 to conduct the first review of the three-year program supported under the Extended Credit Facility (ECF). The mission assessed progress achieved under the program as at June 30, 2012, updated program objectives for remainder of 2012 and discussed the government’s economic and financial policy objectives for 2013. The mission met with the President of the Republic, H.E. François Bozizé Yangouvonda; the President of the National Assembly, Right Honorable Célestin Leroy Gaombalet; the Prime Minister, H.E. Faustin-Archange Touadéra; the ...

6Nov

By Africa BusinessNo Comments

African News, Ethiopia News

The 5th African Private Sector Forum gets underway under the theme “The Role of Private Sector in Promoting Investment and Agro-Industry in Africa”

ADDIS ABABA, Ethiopia, November 6, 2012/African Press Organization (APO)/ – The 3 day 5th African Private Sector Forum was launched today in Abidjan, Cote d’Ivoire with strategic aims to promote investment and trade through partnerships and joint ventures between the African Union Commission’s (AUC) Member States, the Middle East and the world at large in key sectors such as infrastructure development, transportation, telecommunication amongst others. Held under the theme “The Role of Private Sector in Promoting Investment and Agro-Industry in Africa”, the annual Forum will bring the African and Arab business communities on one platform to explore business opportunities, focusing primarily on how the private sector actors from both regions can forge sustainable partnerships with a v...