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14Nov

By Africa BusinessNo Comments

African News

WD® APPOINTS MITSUMI AS NEW DISTRIBUTION PARTNER FOR AFRICA

Company expands presence in growing African market Dubai, UAE – WD, a Western Digital company, has appointed Nairobi-based Mitsumi Distribution as its new partner for Africa. With this tie up, WD further strengthens and extends its global footprint by specifically catering to rising demand from Africa’s growing storage market. Enterprise and home users alike will have better availability of the comprehensive range of storage, networking and entertainment solutions offered by WD. Mitsumi Distribution is WD’s first Africa-focused partner. Mitsumi Distribution, one of Africa’s leading IT distributors, will cover the Central, East and West African regions for WD’s component and branded products. WD’s component products include internal storage products such as desktop, mob...

14Nov

By Africa BusinessNo Comments

TelOne Deploys FTS’ Convergent Billing & Customer Care Solution

FTS’ Leap™ Billing Supports Zimbabwean Operator’s Fixed, Mobile and Broadband Services AfricaCom 2012 | Cape Town, South Africa | Booth E13 | November 14, 2012: FTS, a global provider of billing, customer care and policy control solutions for communications and content service providers, today announced that Zimbabwe’s TelOne has successfully implemented its Leap Billing software, a comprehensive end-to-end billing and customer care solution. TelOne is Zimbabwe’s national telecommunications operator and provides a wide range of services to its residential and business customers, including wireline telephony, wireless, broadband and satellite communications. TelOne’s billing transformation project includes the implementation of FTS’ convergent billing and charging, interconne...

13Nov

By Africa BusinessNo Comments

South Africa News

Telecoms journal highlights challenges in the sector

By Thandisizwe Mgudlwa Johan van Huyssteen, PwC Communications Leader for Southern Africa reports that with billions of dollars of international investment flowing in and subscriber numbers rising across the continent, Africa’s communications market is at the inflection point where high potential starts to turn into high growth. And more reports showing that strong growth in the telecommunications sector is being driven by increasing investment, rapid progress in technological and communications services and some deregulation across the African continent. But for many reasons these achievements to date are only just the beginning as Africa’s future potential dwarfs the growth seen so far. These are some of the highlights from PwC’s publication: Communications Revie...

13Nov

By Hussaini UmarNo Comments

African News, Nigeria News

Nigeria’s Constitution Review: Nigerians reject rotating the presidency between North and South

By Hussaini Umar Nigerians yesterday rejected single term presidency, which is being canvassed by President Goodluck Jonathan, during the House of Representatives Public Hearing on the review of the 1999 Constitution at the 360 Federal Constituencies in the country. Also, in most states, the call for the creation of additional states and the recognition of the six geopolitical zones in the constitution were rejected. So, also, the people rejected the idea of rotating the presidency between North and South, as most of them voted for leadership by merit. At the various venues of the public hearing, delegates were asked to tick ‘yes’ or ‘no’ against each of the 43 aspects of the 1999 Constitution which is being amended by the National Assembly. However, delegates overwhelmingly voted aga...

12Nov

By Africa BusinessNo Comments

African News, Nigeria News, South Africa News

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

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...

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 ...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

Coface projections on SA, Africa and the global economy will have to be tested

By Thandisizwe Mgudlwa Africa is best positioned to provide a thriving business environment, a leading International credit insurer attests. Coface has projected that by 2016, South African exports into Africa will increase significantly but will be offset by an equivalent drop in trade with Europe. The group also says that the will also be an increase in trade with Asia but trade with the US will remain at the current levels. And Garth de Klerk, CEO of Coface South Africa, says: "China will play an important role in SA’s economic future. Currently, 13% of total SA’s exports are to China. They consume 65% of all primary aluminum produced in SA and 70% of all iron ore mined in SA. Notably, China’s biggest export markets in 2011 was the EU at $356-billion followed by the US at...

8Nov

By Africa BusinessNo Comments

African News, South Africa News

CTICC and Neotel taking conferencing to international standards

By Thandisizwe Mgudlwa The Cape Town International Convention Centre (CTICC) in conjunction with Neotel have produced a modern innovative conferencing technology. Also, this partnership has opened South Africa’s second public TelePresence room. TelePresence is an immersive meeting experience that offers ultimate video and audio clarity. The CTICC is also the first conference centre in South Africa to have a dedicated public TelePresence room. Participants are life-size, and every sound, gesture, and facial expression supports natural communication. Rashid Toefy, Chief Executive Officer said: “Joining multiple TelePresence calls creates a single, exclusive meeting space. This provides innovative and effective business collaboration and contributes towards faster decision m...

8Nov

By Africa BusinessNo Comments

African News

Houston Hosts the PanAfrican Entrepreneurs Conference – Global Opportunities in Energy, Agribusiness, Technology, and Capital Access

WASHINGTON, Nov., 2012 /PRNewswire via African Press Organization (APO)/ — The PanAfrican Entrepreneurs Conference (PAEC) takes place November 15-18, 2012, in Houston, TX at the Four Seasons Hotel. PAEC is an arena for entrepreneurs and business people within the Black Diaspora to meet and further business connections. This is the newly formed international division of the National Black Chamber of Commerce. The project strategies of PAEC are to promote, help develop and expose procurement opportunities for entrepreneurs. These opportunities will include infrastructure, energy, water management, agri-business, telecommunications, fashion, matchmaking, logistics, transportation, healthcare, environmental management, bidding/tender/RFP management, education facilities, f...