Saturday, November 23African Digital Business Magazine

Tag: development

10Nov By Africa BusinessNo Comments
African News, Morocco News

IBM Develops Plan to Help Moroccan Farmers Boost Skills, Production

RABAT, Morocco, Nov., 2012 /PRNewswire/ -- IBM (NYSE: IBM) experts participating in the company's pro bono Corporate Service Corps program have recommended a strategy to lift the productivity of Moroccan farmers. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO) The plan focuses on improving coordination between the country's Ministry of Agriculture and the farming community, as well as improve internal coordination within the ministry.  Closer ties with farmers will enable the ministry to provide more timely advisories, training, and research results -- enabling farmers to modernize work techniques and improve their production quality and quantity. The nine-member IBM team, comprising members who hail from five countries, presented recommendations on a varie...
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10Nov By Africa BusinessNo Comments
Energy, Green Energy

Canadian Solar Supplies Modules for Turkey’s Largest Commercial PV Project: 540 kW Solar Power Plant at Izmir Airport Installed by Gehrlicher Merk Solar

First PV project under the new Turkish 500 kW law   ONTARIO, Canada, Nov., 2012 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, provided its CS6P-P solar modules for the first project under the new Turkish solar energy legislation, YEK (Law on the utilization of renewable energy resources for the purpose of generating electricity), for solar power plants under 500 kW. The solar park has a capacity of 540 kW (450 kW on-grid and 90 kW off-grid), which marks a new milestone of solar power production in Turkey, making it the largest solar power plant in the country. This is the second project that Canadian Solar has realized in collaboration with the EPC contractor Gehrlicher ...
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10Nov By Africa BusinessNo Comments
Energy, Green Energy

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa's renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects. Standard Bank Group will provide comprehensive corporate and investment banking services to all its clients, including underwriting R9.4-billion worth of debt, providing interest and currency hedges, carbon trading credits, and corporate bonding and guarantee facilities. Standard Bank Group has also taken an equity stake in four projects. The South African government's allocation of 1,416MW for this first round of the procuremnt process has translated...
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9Nov By Africa BusinessNo Comments
African News, South Africa News

IMN’s 10th Annual South African & African Capital Markets Conference

  IMN's 10th Annual South African & African Cap Mkts Conference (Microsoft Word) 22-23 November 2012 The Westin Cape Town, Cape Town, South Africa   NEW YORK CITY, NY – As we enter this next decade in the event's timeline, IMN and our event sponsors will build on our excellent reputation as the only 'must attend' capital markets conference in South Africa. Join us in Cape Town 22-23 November 2012, as the South African and African Capital Markets communities convene to explore and define the road ahead for the international debt capital markets. Co-Host: IFC The conference is co-hosted by IFC, a member of the World Bank Group and the largest global development institution focused exclusively on the private sector. IFC helps developing countries achieve sustainable ...
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9Nov By Komi Didier AssogbaNo Comments
Africa Travel, African News, Togo News

Development of the tourist sector of Togo

Soon the classification of the hotel establishments Togo abounds in a large number of hotel establishments which welcome visitors so national as international. Of Lomé until Cinkassé hotels and other places of rest abound, what can be considered as a good thing for the tourist development of the country. The existence of these hotel establishments palie in the lack of infrastructures that must welcome the passengers and the tourists who come and go to the discovery of Togo and its inmost depths. But then raises a problem as for the concordance enter the quality of the services offered to the customers and the prices practised by the upholders of hotels, restaurants and bars. What took the government to be thought of the ratification and the classification of the hotel establishments and t...
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8Nov By Africa BusinessNo Comments
African News, South Africa News

Ireland’s Minister for Trade and Development Leads Enterprise Ireland Trade Mission to South Africa

On Sunday 10 November 2012, Ireland’s Minister for Trade and Development, Joe Costello TD, will lead an Enterprise Ireland trade mission with 37 companies to South Africa. The trade mission is being organised by Irish trade and technology agency, Enterprise Ireland in close cooperation with Ireland’s Department of Foreign Affairs and Trade and the Embassy of Ireland in Johannesburg. It is aimed at cementing the growing trade relations between the two countries and is part of a broad, long term strategy to further develop Irish trade links and partnerships not just in the South African market, but in the wider Sub-Saharan region. Last year Irish exports to South Africa increased to €944m and exports for 2012 are expected to continue this momentum. South Africa exports ...
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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...
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7Nov By Africa BusinessNo Comments
African News, Democratic Republic of the Congo

Democratic Republic of Congo: ICT4Gov Project Uses Participatory Budgeting and Telecommunications to Build Transparency and Accountability

  Synopsis Project feedback mechanisms driven by participatory budgeting and new innovations in information communication technology are working to successfully build transparency, increase accountability and overcome a long history of mistrust in the Democratic Republic of Congo's South Kivu Province. Challenge Following decades of colonial rule, conflict upon conflict, mismanagement, and internal corruption, the Democratic Republic of Congo's national government was left with limited institutional capacity to provide effective services at the local level. This limited capacity has often prompted citizens' groups to view the central government as illegitimate, rent-seeking authorities uninterested in ensuring that resources filter down from the capital to far flung pr...
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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 ...
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7Nov By Africa BusinessNo Comments
African News

Sarama Resources announces $500,000 private placement

TSX-V Ticker: SWA SWA.WT VANCOUVER, Nov., 2012 /PRNewswire/ - Sarama Resources Limited ("Sarama" or the "Company") announces a private placement (the "Private Placement") for the issuance of 555,556 units (the "Units") at a price of $0.90 per Unit to raise gross proceeds of approximately $500,000.  Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each such whole warrant, a "Warrant").  Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.20 at any time prior to 5:00 p.m. (Toronto time) on October 17, 2014. The Private Placement will be conducted on a non-brokered basis and is subject to regulatory approval. The proceeds of the Private Placement will be used principa...
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