Economic growth Archives - AfricaBusiness.com

21Nov

By Africa BusinessNo Comments

Africa’s Energy Stakeholders Embrace “Global Technology for Local Solutions”

The timing of the first POWER-GEN Africa and Renewable Energy World Africa, which took place from 6-8 November 2012 in Johannesburg could not have been more favourable as the first contracts between the South African government and independent power producers (IPPs) to add 1400 megawatts of renewable energy to the national grid was signed during the week of the event. Explains Nigel Blackaby, Event Director and Director of International Conferences at event organisers, PennWell Corporation, “this underscores the importance and significance of hosting a globally representative power generation exhibition and conference such as POWER-GEN Africa and Renewable Energy World Africa, which is aimed at linking professionals in the energy generation industry of Africa with lead...

12Nov

By Africa BusinessNo Comments

African News

Former President of the African Development Bank Babacar Ndiaye to lead Investment Day at this year’s AgriBusiness Forum.

African expert calls on everyone involved in agriculture to step up to the fore for the sake of the entire continent’s development and in the fight against poverty. 12th November 2012, Brussels, Belgium With the AgriBusiness Forum 2012 just around the corner, Babacar Ndiaye, former President of the African Development Bank and founder of the African Business Roundtable (ABR), outlines his demands towards the African and international community to act and establish basic and fundamental financial policies to create real change, after years of debates and establishing potential visions and objectives. “Africa’s agricultural potential cannot induce people into a self-righteous optimism, but should instead incite a responsible and pro-active approach from the sector’s various players because ...

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 ...

6Nov

By Africa BusinessNo Comments

African News, Ethiopia News

The 5th African Private Sector Forum gets underway under the theme “The Role of Private Sector in Promoting Investment and Agro-Industry in Africa”

ADDIS ABABA, Ethiopia, November 6, 2012/African Press Organization (APO)/ – The 3 day 5th African Private Sector Forum was launched today in Abidjan, Cote d’Ivoire with strategic aims to promote investment and trade through partnerships and joint ventures between the African Union Commission’s (AUC) Member States, the Middle East and the world at large in key sectors such as infrastructure development, transportation, telecommunication amongst others. Held under the theme “The Role of Private Sector in Promoting Investment and Agro-Industry in Africa”, the annual Forum will bring the African and Arab business communities on one platform to explore business opportunities, focusing primarily on how the private sector actors from both regions can forge sustainable partnerships with a v...

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...

3Nov

By Africa BusinessNo Comments

African News, Rwanda News

Africa: Shared benefits require bold economic reforms

The seventh African Economic Conference ended on November 2, 2012 in Kigali, Rwanda KIGALI, Rwanda, November 3, 2012/African Press Organization (APO)/ – Participants at the closing session of the seventh African Economic Conference (http://www.africaneconomicconference.org), on November 2, 2012 in Kigali, Rwanda, urged African leaders to put in place bold economic reforms, aimed at sustaining growth and boosting human development. Logo African Economic Conference: http://www.photos.apo-opa.com/plog-content/images/apo/logos/aec-logo.jpg Photo Donald Kaberuka: http://www.photos.apo-opa.com/plog-content/images/apo/photos/donald-kaberuka—afdb-president.jpg The four-day conference highlighted the need for policy-makers to create diversified economies capable of generating e...

3Nov

By Africa BusinessNo Comments

Science

A*STAR’s Data Storage Institute Launches Next Generation 5mm Hybrid Hard Disk Drive

Singapore, Singapore, November 03, 2012 --(PR.com)-- The “A-Drive,” one of the world’s thinnest 5mm hybrid hard drive in a 2.5’’ form factor, was officially launched by Mr. S. Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade & Industry, to commemorate the Data Storage Institute’s (DSI) 20 years of R&D in the area of data storage capabilities. The “A-Drive” represents the next generation of storage innovation providing capacities of up to 1 TB Hard Disk Drive (HDD) with 32 GB Solid State Drive (SSD). This potentially allows the “A-Drive” to store over 250,000 songs in its 5mm body. The “A-Drive” also addresses limitations of the popular, yet expensive, flash-based SSD, as well as the conventional HDD for the consumer and ...

31Oct

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo, Ethiopia News, Kenya News, Rwanda News

Kagame opens African Economic Conference, calls for models that respond to local needs

ADDIS ABABA, Ethiopia, October 31, 2012/African Press Organization (APO)/ – Rwandese leader, President Paul Kagame today in Kigali opened the 7th African Economic Conference, calling it an opportunity for leading African economists to look beyond purely economic factors for solutions to Africa’s developmental problems. Convened by the Economic Commission for Africa, (ECA), the African Development Bank, (AFDB) and the United Nations Development Programme (UNDP), the three-day conference is focusing on the theme Inclusive and Sustainable Development in an Age of Economic Uncertainty, according to ECA’s Information and Communication Service. He said that analysts might point to issues of governance and lack of sufficient transformational leaders but “the real problem is that our...

13Oct

By Africa BusinessNo Comments

Africa Travel, African News, Equatorial Guinea

Equatorial Guinea Tourism Portal Launched in NYC

New York, NY, October 13, 2012 --(PR.com)-- GC Media is the communications partner for Goree Challenge IV. “The facebook page is designed to bring the Spirit of Malabo to the world”, said Victor Mooney of US based South African Arts International (SAAI). The site will provide an opportunity for the public to see the cultural wonders and opportunities in this majestic country. Booking tours to Equatorial Guinea will be offered for individuals, schools, associations and business groups with a strategic itinerary to meet your objectives. In addition to offering bookings for tourism, businesses have a low cost opportunity to advertise their services on this portal. For U.S. passport holders, no visa is necessary. In celebration of the 44th Anniversary of the...

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...