announced Archives - Page 2 of 5

8Nov

By Africa BusinessNo Comments

African News

VAALCO Energy Provides Update on Mutamba Iroru Block Onshore Gabon

HOUSTON, Nov. 8, 2012 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that the N'Gongui 2 exploration well being drilled onshore Gabon in the Mutamba Iroru concession has encountered hydrocarbons in the objective Gamba sandstone section. (Logo: http://photos.prnewswire.com/prnh/20100316/NY71495LOGO ) Robert Gerry, Chairman and CEO, commented: "With our partner, Total Gabon, we have elected to drill this well as a "tight hole" and therefore specifics of the operation will not be released until a later date. Suffice to say that VAALCO is excited about the results as the reservoir encountered is the same oil bearing sandstone that produces so prolifically from our offshore fields in Gabon. We are presently conducting additional operations to ascertain the size o...

7Nov

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

Abengoa Begins Construction on Two CSP Plants Awarded by the South Africa Department of Energy

- Khi Solar One and KaXu Solar One will be the first concentrating solar power (CSP) plants in South Africa and will use advanced technology specifically developed for the country's needs - Both plants will be able to store energy and generate power after sunset SEVILLE, Spain, Nov., 2012 /PRNewswire/ -- Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, announced today that it has begun construction on the 50 MW solar power tower Khi Solar One and the 100 MW parabolic trough plant KaXu Solar One in South Africa. The concentrating solar power (CSP) plants were two of the 28 renewable energy projects announced late 2011 by the South Africa Department of Energy (DOE). The DOE ...

7Nov

By Africa BusinessNo Comments

African News

Frost & Sullivan Award Recognises 1Stream’s Exceptional Entrepreneurship

Year-on-year growth exceeding 100% in 2011 caps company's stellar performance CAPE TOWN, South Africa, Nov. 7, 2012 /PRNewswire/ -- Based on its recent analysis of the hosted contact centre market, Frost & Sullivan recognises 1Stream with the South African Entrepreneurial Company of the Year Award. Since its inception in 2008, 1Stream has managed to grow its business phenomenally in response to the strengthening demand for hosted contact centre solutions. The company has witnessed exceptionally strong growth in the last year, with year-on-year growth exceeding 100%. 1Stream boasts a client list including multinational companies such as wonga.com and Bloomberg. Undoubtedly, the most important milestone achieved by 1Stream was the signing of a deal in October 2010 ...

7Nov

By Africa BusinessNo Comments

African News

High-level Seychelles delegation and ProgressSoft at Connected World Forum

after nationwide mobile money launch 1000+ mobile lifeline experts gather in Dubai this month The global payment solutions giant ProgressSoft will share details of the countrywide roll-out of its mobile payment solution in the Republic of Seychelles at the upcoming Connected World Forum in Dubai from 20-21 November. ProgressSoft CEO, Mr. Michael Wakileh, the Seychelles Minister of Finance, Trade & Investment, H.E. Mr. Pierre Laporte and the Governor of the Central Bank of Seychelles, H.E. Ms. Abel, head up a distinguished list of more than 100 leading industry experts who will address the conference while some 70 exhibitors will display the latest lifeline technology and services. More than a thousand lifeline services experts will gather for the Connected World Forum, whi...

7Nov

By Africa BusinessNo Comments

African News

Orange Business Services appoints new General Manager in Middle East & Africa

Orange Business Services appoints new General Manager (.pdf Acrobat Reader) priority on banking & finance, oil & gas and smart cities sectors Orange Business Services, the business services arm of France Telecom-Orange and one of the Middle East’s major ICT employers, has appointed Jean-Luc Lasnier as the new General Manager for the Middle East & Africa (MEA) region. His new mandate is to build on the recent momentum in the region, with a specific focus on strategic markets, including the United Arab Emirates (UAE) and Saudi Arabia in the Gulf Cooperation Council (GCC), alongside Morocco, Sub Saharan Africa and Turkey in the wider region. The key sectors for Orange in MEA include banking & finance, oil & gas and smart cities. “Strong...

6Nov

By Africa BusinessNo Comments

African News

Payroll System: Small Businesses Can Print Paychecks on Blank Stock Easily with New EzPaycheck Software

Small business payroll software ezPaycheck was updated with new and more flexible features to allow users print paychecks and stubs on blank stock easily. Try it free for 30 days at http://www.halfpricesoft.com Detroit, MI, November, 2012 --(PR.com)-- Small business payroll software ezPaycheck was released with new feature to print paycheck with stubs on blank check stock. Designed with small business in mind, ezPaycheck payroll system from halfpricesoft.com was developed to speed up and simplify payroll tax calculations, paycheck printing and tax reporting. ezPaycheck developing team hopes this new blank check stock printing feature will save users more time and money on payroll tasks. To open ezPaycheck payroll software to more small business users, Halfpricesoft.com also announc...

6Nov

By The African Press OrganizationNo Comments

Science

Oncobiologics and Boston Oncology Team Up to Deliver Biosimilar Therapies for Cancer and Immune Disease to Middle East and North African Markets

CRANBURY, N.J. and CAMBRIDGE, Mass., Nov. 6, 2012 /PRNewswire/ — Oncobiologics, Inc. and Boston Oncology, LLC today announced a strategic partnership that will allow Boston Oncology to license, manufacture, and commercialize four of Oncobiologics’ biosimilar therapies for cancer and immunological disease in the Middle East and North African (MENA) regions. Under the agreement, Boston Oncology—a pharmaceutical company that localizes advanced technologies and manufacturing expertise in the developing world—will provide Oncobiologics with upfront licensing payments and development milestone payments, along with royalties after the medicines are commercialized. Boston Oncology plans to oversee clinical trials and the development of manufacturing facilities for these therapies in various MEN...

6Nov

By Africa BusinessNo Comments

African News

Aviat Networks to Showcase LTE-Proven Microwave Networking Solutions at AfricaCom 2012

SANTA CLARA, Calif., Nov. 6, 2012 /PRNewswire/ — Aviat Networks, Inc. (NASDAQ: AVNW), a leading expert in microwave networking solutions, today announced that it will be exhibiting at AfricaCom 2012, November 13-15, in Cape Town, South Africa. The company will highlight its LTE-proven microwave solutions at this leading telecommunications conference in Africa. For Africa’s mobile operators planning their rollout of LTE wireless technology, this is an important opportunity to learn about the advantages of Aviat’s LTE-proven technology. Aviat’s understanding of large national LTE deployments provides relevant lessons for all African operators who are modernizing their networks to add capacity, reduce complexity and migrate to IP—all of which will be critical for the eventual introduction ...

6Nov

By Africa BusinessNo Comments

African News, Uganda News

IMF Concludes Staff Mission to Uganda

KAMPALA, Uganda, November 6, 2012/African Press Organization (APO)/ – An International Monetary Fund (IMF) team visited Kampala from October 24 to November 6, 2012 to carry out discussions with the Ugandan authorities for the fifth review of their IMF-supported economic and financial program. The mission met with Hon. Maria Kiwanuka, Minister of Finance, Planning, and Economic Development, and Professor Emanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, as well as other senior government officials, development partners, and representatives of the private sector and civil society. At the end of the mission, Ms. Ana Lucía Coronel, IMF senior resident representative and mission chief for Uganda, issued the following statement: “Uganda’s economic growth rate declined fro...

6Nov

By Africa BusinessNo Comments

African News

Air Products Supplying ASUs for Copper Smelter Project in Zambia

LEHIGH VALLEY, Pa., Nov. 6, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has been awarded the contract to supply two oxygen plants at the site of a copper smelter being built in Zambia by Kansanshi Mining Plc. The scope of the agreement includes Air Products supply of two 750 metric ton per day oxygen plants, and all air separation unit (ASU) related equipment and design. The construction of the facility will be undertaken by Kansanshi Mining Plc, with cooperation from Air Products. The ASUs are planned to be onstream in 2014. Air Products has oxygen plants operating at other copper mines also located in Zambia and the local expertise and work at those facilities was of benefit in winning this contract. "The basis for the design of this new plant for K...