africa Archives - Page 23 of 33 - AfricaBusiness.com

24Oct

By Africa BusinessNo Comments

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...

24Oct

By Alois XabaNo Comments

South Africa News, Zimbabwe News

Footballs handed life bans for international match fixing

By Alois Xaba Zimbabwe Football Association (Zifa) has handed life bans to 13 footballers and officials from the sport and 80 others have been suspended after being found guilty of match fixing. A committee led by retired High Court judge Ahmed Ibrahim which investigated allegations national team players and officials took cash payments from Asian betting syndicates between 2007 and 2009 to lose matches. ZIFA board, Justice Ibrahim said: “My committee has just completed a task which it embarked on about 11 months ago. It has been a tortuous, stressful period in our lives and we have been operating with virtually no resources. “We have been maligned and some of our members have been libelled and received virtually no co-operation in securing documentation to effectively carry o...

23Oct

By Africa BusinessNo Comments

African News

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 a.m. Central time). About CAMAC Energy Inc. CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company's principal assets include interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and six recently acquired exploration blocks in Kenya and Gambia. The Company is currently purs...

23Oct

By Africa BusinessNo Comments

Energy, Green Energy, Uganda News

Kirchner Solar Group and develoPPP.de launch large electrification project in Uganda

Modular solar generator solargenset empowers sustainable, green and affordable power supply for rural areas Alheim-Heinebach, October 2012 – Kirchner Solar Group, an international manufacturer, project developer and vendor of solar solutions, implements a large solar power supply project in Uganda, East Africa. The project is supported by means of a development partnership in the context of the develoPPP.de program, run by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (German Agency for International Cooperation) on behalf of the Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (Federal Department for Economic Collaboration and Development). The project’s objective is to give Uganda’s rural population access to climate and health-friend...

22Oct

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

POWER-GEN Africa 2012 confirms further Keynote Speaker

Energy Conference & Exhibition focused on sub-Saharan Africa to provide Global Technology for Local Solutions 6-8 November 2012, Sandton Convention Centre, Johannesburg, RSA With under three weeks to go before the inaugural POWER-GEN Africa, it has been announced that the event has secured the participation of Engr. Reynolds Bekinbo Dagogo-Jack, Chairman of the Board of the Presidential Task Force on Power (PTFP) of Nigeria, to deliver an Opening Keynote address at the joint opening of POWER-GEN Africa and the co-located Renewable Energy World Africa on 6 November 2012. Engr. Reynolds Bekinbo Dagogo-Jack is the recently appointed Chairman of the Board of the Presidential Task Force on Power (PTFP), and a member of the Presidential Action Committee on Power (PACP). Prio...

21Oct

By Africa BusinessNo Comments

African News, Nigeria News

Cooperation Agreement Signed Between EMRC and the Bamanga Tukur African Center for International Trade and Development to Further Agricultural Development in Africa

Nigeria and EMRC agree terms in preparation for the upcoming AgriBusiness Forum 2012. Brussels, Belgium, October 21, 2012 --(PR.com)-- EMRC and the the Bamanga Tukur African Center for International Trade and Development officially signed a join agreement launch the EMRC-Rabobank Project Incubator Award 2012 which promotes and provides a platform for innovative business projects in Africa with a cash prize of US$15,000 for the winner. Four finalists will be selected and invited to present their projects to an audience of 400 people, composed of interested partners and investors from Africa, Europe, USA, India and beyond. The US$15,000 prize will be awarded at the Gala Evening of the AgriBusiness Forum 2012 to the entry that promises the highest level of economic and social ...

21Oct

By Africa BusinessNo Comments

African News

EMRC and PanAAC Call Industry Leaders and Civil Society to Partner for the AgriBusiness Forum 2012 as Africa’s Agri-Food Sector Becomes Essential for Global Development

Public – Private Partnership given key role in future of Africa’s agricultural sector to ensure long-term development. Brussels, Belgium, October 21, 2012 --(PR.com)-- The annual pan-African AgriBusiness Forum will be held this year in Dakar, Senegal from 25-28 November 2012 under the official patronage of the Government of Senegal, bringing together the sector’s major figures, renown experts, industrialists, financiers, donors, SMEs, small hold farmers as well as multinationals and civil society partners to address “Boosting Africa’s Agriculture through Partnership, Investment and Technology”. Co-organised by UNDP, co-organisers of AgriBusiness Forum 2011 in Johannesburg, PanAAC and EMRC, and in collaboration with FAO and Rabobank, AgriBusiness Forum 2012 provides a pan-Af...

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...