are Archives - Page 11 of 19 - AfricaBusiness.com

10Oct

By Africa BusinessNo Comments

South Africa: John Thompson flying higher

By Thandisizwe Mgudlwa Here is a company that knows how to make it big in the international business arena. The South African group, John Thompson is continuing its strong international performance with multiple export orders into the East African tea industry, brewing industry and the highly competitive Far East market, research reveals. According to JT, the tea industry, mostly concentrated in the East African region, has placed orders for a total of five wood-fired boiler units during the year to date. This industry also has vast tracks of land available for planting of blue gum trees making this the cheapest and most sustainable fuel. And the John Thompson Simpac boiler has been custom designed for wood log firing. It complies with latest design code yet is robustly built ...

10Oct

By Africa BusinessNo Comments

African News

Africa’s IT industry gearing up toward the clouds as summit launches into day one

Africa's IT industry gearing up toward the clouds as summit launches into day one (Microsoft Word) The anticipated 3rd annual Cloud and Virtualisation Summit Africa is taking place at the Hilton Hotel in Sandton, Johannesburg, from 10 to 11 October 2012. The event is hosted by international business-to-business conferencing company, Kinetic Events. The must-attend event is aimed at business and technology leaders who need to understand how cloud computing and virtualisation is fundamentally transforming the way in which we think about, acquire and use computing resources. South Africa, Republic of, Oct, 2012 – The Cloud and Virtualisation Summit Africa offers innovative resources, ideas and best practice case studies enabling your enterprise to apply them immediately in o...

10Oct

By Africa BusinessNo Comments

Energy, Green Energy

Hyundai goes big at GulfSol 2013

Hyundai Heavy Industries has confirmed a major presence at GulfSol 2013 (3-5 September 2013, Dubai World Trade Centre), with the reservation of a prime-located 100 sq metre exhibition stand. The Korean solar giant has always been a key mover in emerging markets, and this sizeable booking sends out a clear message of intent to its competitors that it is making a major focus on the MENA region in the coming years, and wants to ensure it has first-mover advantage. “Even though there are 12 months to go, the demand for space has been fantastic” says Nick Thomson, Exhibition Director, GulfSol 2013, “and this move by Hyundai sends out a clear message to all those still contemplating the size and location of their stand at the show to book in early whilst there is space still available a...

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...

10Oct

By Africa BusinessNo Comments

African News, Ghana News, South Africa News

Summit aims to encourage enterprises and governments to be tech intensive and ICT empowered

Enterprises and governments to be tech intensive and ICT empowered (Microsoft Word) The anticipated annual IT Leaders West Africa Summit will take place from 28 to 29 November 2012 in the heart of Ghana’s esteemed capital city, Accra. The summit is produced by international business-to-business conferencing company, Kinetic Events; key strategic information providers to the IT and telecoms sector within Africa. South Africa, Republic of, Oct, 2012 – Globally, information and communication technology (ICT) has proven to be a driving force and an enabler for socio-economic development. In order to facilitate successful ICT policies and strategically plan for further development in West Africa, enterprises and governments are now being encouraged to fully understand and implement s...

8Oct

By The African Press OrganizationNo Comments

African News, Sierra Leone

The Parliament of Sierra Leone has ratified the award of offshore exploration blocks for ODYE Limited with partners, Chevron and Noble Energy

“The two exploration blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). (CNW Group/ODYE Limited)”. LONDON, Oct. 8, 2012 /PRNewswire via African Press Organization (APO)/ — ODYE Limited (“ODYE” or the “Company”) is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 and SL 8B-10, along with its partners, Chevron and Noble Energy. ODYE’s 100% owned subsidiary, ODYE (SL) Limited, has signed a petroleum license with Sierra Leone’s Minister of Finance on 21 Septembe...

8Oct

By The African Press OrganizationNo Comments

African News

Middle East and North Africa: Boosting support for women’s entrepreneurship will pay off in jobs and growth, says OECD

PARIS, France, October 8, 2012/African Press Organization (APO)/ – Governments in the Middle East and North Africa (MENA) should create urgently needed jobs for the 2.5 million people entering the labour market each year and improve their policies to encourage women’s entrepreneurship in order to reduce structural unemployment, says a new OECD report. Women in Business: Policies to Support Women’s Entrepreneurship Development in the MENA Region notes that while MENA governments have made progress over the past decade in closing the gender gap in education, more needs to be done to tackle gender inequality in business. Today, only 27% of women in the region join the labour force, compared to 51% in other low, middle and high-income economies, and only 11% are self-employed, against...

8Oct

By The African Press OrganizationNo Comments

African News

Officials to deliberate a business plan to implement the African Mining Vision

ADDIS ABABA, Ethiopia, October 8, 2012/African Press Organization (APO)/ – The joint partnership of the African Union Commission, the Economic Commission for Africa and the African Development Bank has hailed today’s meeting of the Bureau of the Second Conference of AU Ministers Responsible for Mineral Resources Development as “an important milestone in implementing the Africa Mining Vision.” Convened by the Ethiopian Minister of Mines, Sinkinesh Ejigu, in her capacity as Chair of the Bureau of Ministers responsible for Mines, the 8-9 meeting aims to discuss a Business Plan aimed at establishing the African Minerals Development Centre (AMDC), according to Stephen Karingi, Director, Regional Integration and Trade Division, ECA. “We are all only too aware that despite Africa’s rich ...

8Oct

By Africa BusinessNo Comments

African News

World Bank Launches New Fund to Help African Countries Negotiate Best-Possible Deals for their Oil, Gas, and Minerals

PARIS, October, 2012―With new discoveries of oil, gas, and other minerals generating a wave of significant mineral wealth in African countries, the World Bank today launched a new fund to help countries on the continent level the playing field and ensure equitable deals in their natural resource contracts with international companies. With Africa holding 15% of the world’s oil reserves, 40% of its gold, and about 80% of the platinum group of metals, natural resources represent important development opportunities for the continent. For example, oil production has been growing steadily in Africa, and is expected to continue to rise at an average rate of six percent per year for the foreseeable future. At the 40th Anniversary Meeting of the Zone Franc Monetary Union in Paris today, attended b...

8Oct

By Africa BusinessNo Comments

African News

Despite Global Slowdown, African Economies Growing Strongly― New Oil, Gas, and Mineral Wealth an Opportunity for Inclusive Development

WASHINGTON, October, 2012 – Sub-Saharan Africa is expected to grow at 4.8 percent in 2012, broadly unchanged from the 4.9 percent growth rate in 2011 and largely on track despite setbacks in the global economy, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6 percent. African exports rebounded notably in the first quarter of 2012, growing at an annual pace of 32 percent, up from the -11 percent pace recorded in the last quarter of 2011. African countries have not been immune to the recent bout of market volatility stemming from the Euro Area crisis, as well as the growth slowdown that is occurring in some ...