AGO Archives - AfricaBusiness.com

5Nov

By Africa BusinessNo Comments

African News

ICANN to expand in Africa

By Thandisizwe Mgudlwa An initiative aimed at increasing ICANN’s presence and participation across Africa was recently unveiled. It was also announced that the plan has received enthusiastic support of the CEO and Board Chair. News coming from Toronto, Canada say that leaders of Africa’s Internet community have also unveiled a comprehensive plan designed to dramatically increase African involvement in ICANN’s multi-stakeholder model. The initiative was presented to ICANN during the organization’s 45th public meeting in Toronto, Canada by the Africa Strategy Working Group (ASWG). It was formed after ICANN’s new President and Chief Executive Officer, Fadi Chehadé encouraged a stronger voice from the African continent in ICANN’s multi-stakeholder model. “When we met th...

13Oct

By Africa BusinessNo Comments

African News, Equatorial Guinea

Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa

Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa Equatorial Guinea joins the fight to end hunger in Africa MALABO, Equatorial Guinea , Oct. 12, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea has offered US$30 million to the Food and Agriculture Organization of the United Nations (FAO) to assist African countries with food shortages and improve food security across the continent. The donation comes after a meeting between the President of Equatorial Guineaand Jose Graziano Da Silva , Director-General of the United Nations Food and Agriculture Organization at the 67th United Nations General Assembly in September. "We believe that with this contribution, the FAO will advance plans to end hunger in Africa ," said President Obiang Nguema Mbasogo. The remarks wer...

10Oct

By Africa BusinessNo Comments

African News, Tanzania News

IBM Presents Plan To Speed Timely Agricultural Information To Tanzanian Farmers

IBM's pro bono consultation also recommends strategy to improve air travel, tourism and education DAR ES SALAAM, Tanzania, Oct. 10, 2012 /PRNewswire/ -- A team of IBM (NYSE: IBM) experts today presented recommendations to the Tanzanian government for improving the timeliness and availability of information needed by farmers to grow crops more successfully, feed more people and become more economically sustainable. IBM also suggested ways that information could be made more readily available for schools, leading to a more educated populace prepared for better paying jobs. In addition, the company presented a plan to improve the convenience of air travel in Tanzania, grow tourism and encourage investment. The 12-person IBM team making today's recommendations, comprising indi...

23Jul

By Africa BusinessNo Comments

African News, Nigeria News

Kola Aluko Hails $4.5 Billion Deal for New Refineries

LONDON, July 23, 2012 /PRNewswire/ -- The Nigerian government has signed a Memorandum of Understanding with US firm Vulcan Petroleum Resources and Nigeria's Petroleum Refining and Strategic Reserve to build six new oil refineries in a deal worth $4.5 billion. Two of the plants, each of which will have a capacity of 30,000 barrels per day, are set to be operational within a year. Nigeria - Africa's top oil producer - has been held back by its lack of refining capacity, which has made it a net importer of processed crude and subject to global price fluctuations. Until recently, a generous fuel subsidy protected consumers from high import prices. Though not yet lifted entirely, six months ago President Goodluck Jonathan announced that this support was no longer affordable. Fund...

10Jul

By AfricaBusiness.comNo Comments

African News

Frost & Sullivan: Heavy-Duty Truck Market on the Verge of Increasing Dedicated Global Production Platforms

Nearly one in three trucks manufactured by 2018 to feature platform based lineage MOUNTAIN VIEW, Calif., July 10, 2012 /PRNewswire/ -- After less than 10 years, since Western original equipment manufacturers (OEMs) started entering Brazil, Russia, India and China (BRIC) markets with serious intent, the very face and structure of the global heavy-duty truck market has changed. Markets considered an afterthought a few decades ago are now dictating the course of global commercial vehicle demand and the growth of the industry. Seismic changes shaping the global commercial vehicle industry have truly flattened the world, where OEMs from both triad (United States, European Union and Japan) and non-triad markets are aggressively competing for sustainable and robust growth. As they begin developin...