following Archives - Page 2 of 3

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...

5Nov

By Africa BusinessNo Comments

African News, Kenya News

Deforestation Costing Kenyan Economy Millions of Dollars Each Year and Increasing Water Shortage Risk, UNEP and Kenya Forest Service Report Finds / Services from Kenya’s Water Towers Underpin Many Sectors of Economy

NAIROBI, Kenya, November 5, 2012/African Press Organization (APO)/ – Deforestation deprived Kenya’s economy of 5.8 billion shillings ($US 68 million) in 2010 and 6.6 billion shillings in 2009, far outstripping the roughly 1.3 billion shillings injected from forestry and logging each year, according to a joint Kenya Forest Service (KFS) and UN Environment Programme (UNEP) report. The ongoing work of the KFS, together with the Kenya National Bureau of Statistics (KNBS) and international partners, says that the contribution of forests is undervalued by 2.5 per cent, putting the estimate of its annual contribution to Gross Domestic Product (GDP) at around 3.6 per cent. Hon. Dr. Noah Wekesa, Kenya’s Minister of Forestry and Wildlife, said the report – entitled ‘The ...

5Nov

By Africa BusinessNo Comments

African News

PanAtlantic Exploration Company Adopts Paradigm’s Subsurface Software Suite for International Deepwater Exploration and Production Projects

Paradigm solutions to improve cycle times and enhance subsurface reliability. [05-November-2012] LAS VEGAS, Nov. 5, 2012 /PRNewswire/ — Paradigm™ (www.pdgm.com) announced today that PanAtlantic Exploration Company has adopted Paradigm geophysical and petrophysical applications for all of its exploration and production work in the deepwater environments of Brazil and Africa. PanAtlantic will use the Paradigm solutions for every step in the upstream workflow, from seismic processing and imaging through interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering. The announcement was made at the 2012 SEG International Exposition and 82nd Annual Meeting, Las Vegas. (Logo: http://photos.prnewswire.co...

3Nov

By Africa BusinessNo Comments

African News

Airtel Nigeria appoints Segun Ogunsanya as Chief Executive Officer

Segun Ogunsanya will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria LAGOS, Nigeria, November, 2012/African Press Organization (APO)/ – Bharti Airtel (http://www.airtel.com), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today announced the appointment of Segun Ogunsanya as the Chief Executive Officer of Airtel Networks Ltd, Nigeria (“Airtel Nigeria”). Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/airtel.jpg Mr. Ogunsanya, who will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria, will report to Manoj Kohli, CEO (International) and Joint MD, Bharti A...

3Nov

By Africa BusinessNo Comments

African News

IST Research Deploys Crowdsourcing Technology to Colombia & Zambia

Engaging Populations Utilizing Indigenous Communications Technology Fredericksburg, VA, November, 2012 --(PR.com)-- IST Research has developed novel approaches to collecting highly structured data from indigenous populations in the most austere locations around the globe. The IST Research Data Collection Environment includes new technology development and social engineering efforts necessary to effectively engage populations in information sharing campaigns. IST Research has recently deployed its Data Collection Environment (DCE) to both Colombia & Zambia with the intent of engaging and collecting data from the local residents in these countries using the technology with which they are most familiar. The system was designed to seamlessly launch collection tools...

31Oct

By Africa BusinessNo Comments

African News

Bunna International Bank Partners With Finacle From Infosys for Banking Transformation

ADDIS ABABA, Ethiopia and BANGALORE, India, November 1, 2012/PRNewswire-FirstCall via African Press Organization (APO)/ — New Core Banking Solution to Improve Customer Service and Operational Efficiency Bunna International Bank, a leading player in the Ethiopian market, today announced the selection of Finacle[TM] core banking solution [http://www.infosys.com/finacle ] from Infosys for its transformation journey. Finacle will enable the bank to integrate its front and back office operations and deploy a state-of-the-art loan origination system. This will include automating the credit check and loan approval processes for risk-free and efficient loan disbursals. This transformation will help Bunna improve the overall banking experience for its customers. Finacle will also comp...

10Oct

By Africa BusinessNo Comments

African News, South Africa News

Frost & Sullivan: Mobile Operators Reap the Benefits from Infrastructure Investment in Sub Saharan Africa

Decline in retail price to push growth of voice and internet services CAPE TOWN, South Africa, Oct., 2012 /PRNewswire/ -- Broadband penetration in African countries is significantly low, with a majority of countries recording penetration levels of less than 5%. This has had a considerable impact on internet usage levels in the region. African countries, however, have experienced a steady uptake of mobile communications and are poised to witness an appreciable growth of mobile, broadband and internet services over the next 4-5 years. New analysis from Frost & Sullivan (http://www.wireless.frost.com), Sub Saharan African Communications Quantitative Quarterly Tracker Q3 2012, covering key countries in the region, finds that the market had 181.7 million mobile and fixed telephon...

10Oct

By Africa BusinessNo Comments

African News

Airtel splash out over K14 million in promotion

By Olive Masamba With the commitment to change the lives of its subscribers, Airtel Malawi is has given away various prizes in the Yabooka SMS promotion amounting to over K14 million, according to the company’s Data Manager Frank. The promotion, which has seen the number of subscribers rising each and every day, is an extension to the Yabooka promotion which nine lucky winners won brand news Toyota Hilux vehicles and one walking away with the grand prize of a K38 million Prado. Magombo said the company is committed to changing people’s lives in the country by introducing top class telecommunication solutions and promotions unmatched by any service provider. “Airtel believes in empowering Malawians by coming up with meaningful promotions whose prizes change their lives. We condu...

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...

24Aug

By The African Press OrganizationNo Comments

African News, Kenya News

Catherine Ashton travels to Kenya to reiterate EU support to democracy, security and economic growth in the region

BRUSSELS, Kingdom of Belgium, August 24, 2012/African Press Organization (APO)/ – Catherine Ashton, EU High Representative for Foreign Affairs and Security Policy/Commission Vice President, is travelling to Nairobi where she is to meet Prime Minister Odinga, Minister of Foreign Affairs Ongeri, and other Kenyan leaders on 28 August. As Kenya is preparing for national elections in March 2013, the EU reiterates its support to the efforts of the Kenyan people to build democracy, security and prosperity in their country. Catherine Ashton regrets the loss of life in the conflict in south-eastern Kenya and appeals to the communities involved to cease violence and resort to peaceful means of conflict resolution. On 26 August, Catherine Ashton will also visit a vessel participating in the ...