African business Archives - Page 6 of 7

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, 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

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...

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

Emerging Oil & Gas Exploration Markets in Africa, 2012 – Industry Analysis, Latest Developments and Competitive Landscape

NEW YORK, Oct. 18, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry Analysis, Latest Developments and Competitive Landscape http://www.reportlinker.com/p01012974/Emerging-Oil--Gas-Exploration-Markets-in-Africa-2012---Industry-Analysis-Latest-Developments-and-Competitive-Landscape.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry Analysis, Latest Developments and Competitive Landscape Summary "Emerging Oil & Gas Exploration Markets in Africa, 2012 - Industry Analysis, Latest Developments and Competitive Landscape", is the latest report from Gl...

17Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Calls For Closer U.S. Cultural And Business Ties

President Obiang highlights importance of American investment in driving Equatorial Guinea's economic growth. International Leadership Conference unites African leaders with African diaspora. MALABO, Equatorial Guinea, Oct. 17, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinean President Obiang Nguema Mbasogo called this week for a strengthening of commercial ties and cultural exchanges with the United States—and particularly with African-Americans—as a key to Africa's development. He made the remarks at the opening of the International Leadership Conference, co-sponsored by Equatorial Guinea, GB Energy and the World Mayors Conference, which is taking place in the Sipopo Conference Center of the capital city of Malabo from October 15-20. "This meeting is an opportunity for the ...

17Oct

By Africa BusinessNo Comments

African News

Frost & Sullivan: Datatec Shows Remarkable Resilience in the Face of Tough Global Conditions

By Samantha James CAPE TOWN – 17 October 2012 - Datatec posted a strong set of interim results as a diversified business profile enabled it to achieve solid growth against the backdrop of a continually weakening global environment. In the six-month period ending August 2012, Datatec managed to grow its overall revenues to $2.62 billion up from $2.44 billion in the 2011 corresponding period. The group's increased exposure to resilient, emerging markets was pivotal in offsetting a marked slowdown, particularly in developed markets. Whilst growth slowed down in all regions, particularly in the second quarter, Latin America was the exception, continuing on a solid growth trajectory. "Faced with strong headwinds in the form of difficult global operating conditions, Datatec has bee...

16Oct

By Africa BusinessNo Comments

African News

World Bank: Unleashing the Power of Africa’s Private Sector Key to Continent’s Growth

TOKYO, October, 2012 – The private sector is a key but underused resource for Africa’s development, as much of the continent’s savings go yet untapped for investment. Speaking at the Africa Investor CEO Summit in Tokyo, Makhtar Diop, World Bank Vice President for Africa, stressed that public private partnerships (PPPs) can be an important instrument to mobilize these resources and address the estimated US$30 billion per year infrastructure financing gap in Africa, particularly in energy and transport. Diop highlighted that despite the global economic crisis, growth prospects in Sub-Saharan Africa remain very positive at an expected 4.8% in 2012, while private capital flows will slow somewhat. According to him, the region’s resilience in face of the international crisis is a testam...

10Oct

By Africa BusinessNo Comments

African News, South Africa News

EIGHT OUT OF TEN COMPANIES STEP ON TO THE CLOUD

Johannesburg, South Africa: 11:30am 10 October 2012 – Nearly 80 per cent of organisations either use Cloud computing in their business or are planning to do so over the next 12 months, an audience of South African business executives heard today. Visitors to the Cloud and Virtualization Africa Summit attended a workshop by KeyedIn® Solutions, the global SaaS (Software as a Service) solutions provider and consulting organization that has recently established an office in Johannesburg. The workshop ‘Cloud Computing and the Changes to the Way we see Technology’ was presented by Patrick Coulbourne, VP Channels and Ecosystems and Hugh Muller, Director of Channels and Ecosystems, Africa. Patrick Coulbourne, who has more than 18 years’ experience in the technology space, told his audi...

22Jul

By The African Press OrganizationNo Comments

African News

IN CHINA, AFRICA, UNITED NATIONS WILL CONNECT THOSE WHO FACE CHALLENGES WITH THOSE WHO HAVE SOLUTIONS, SECRETARY-GENERAL SAYS AT BEIJING FORUM

NEW YORK, July 20, 2012/African Press Organization (APO)/ — Following are UN Secretary-General Ban Ki-moon’s remarks to the Fifth Ministerial Conference of the Forum on China-Africa Cooperation, in Beijing, 19 July: It is a great honour for me to participate on behalf of the United Nations at this important Forum on China-Africa cooperation. I thank the Government of China and the people for their kind invitation and warm hospitality. I commend the leadership of President Hu Jintao in organizing this forum at this very important time in Beijing. I also thank the Government of Egypt for their contribution and leadership and for co-chairing this Forum during the last several years. As the largest developing country, and as the region with the largest number of developing countrie...