future Archives - Page 3 of 6 - AfricaBusiness.com

7Nov

By Africa BusinessNo Comments

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 ...

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...

7Nov

By Africa BusinessNo Comments

African News

Frost & Sullivan Award Recognises 1Stream’s Exceptional Entrepreneurship

Year-on-year growth exceeding 100% in 2011 caps company's stellar performance CAPE TOWN, South Africa, Nov. 7, 2012 /PRNewswire/ -- Based on its recent analysis of the hosted contact centre market, Frost & Sullivan recognises 1Stream with the South African Entrepreneurial Company of the Year Award. Since its inception in 2008, 1Stream has managed to grow its business phenomenally in response to the strengthening demand for hosted contact centre solutions. The company has witnessed exceptionally strong growth in the last year, with year-on-year growth exceeding 100%. 1Stream boasts a client list including multinational companies such as wonga.com and Bloomberg. Undoubtedly, the most important milestone achieved by 1Stream was the signing of a deal in October 2010 ...

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...

6Nov

By Africa BusinessNo Comments

African News

International business must reach out to the global masses

By Thandisizwe Mgudlwa An initiative aimed at mobilizing the Global business community to achieve sustainable prosperity must be taken seriously. A document released from Washington, D.C reveals that transnational corporations are now so numerous and in some cases so well capitalized that their global influence now rivals and in many cases exceeds that of governments, according to research published by the Worldwatch Institute. And that around 80,000 transnational corporations (TNCs) operate worldwide, a mere 147 of which control 40 percent of the total value of all these corporations' value. Any vision of a sustainable future must include full recognition of the role that TNCs play in shaping the planet's human and ecological destiny, authors argue in Institute's Stat...

3Nov

By Africa BusinessNo Comments

Science

Obscura’s Experiential Technology Connects Visitors to an Exciting New Era of NASA’s Human Space Exploration Program

An immersive 360-surround theater tours the country, showcasing a dynamic and educational virtual journey into deep space that's entertaining for all ages. LOS ANGELES, Nov. 3, 2012 /PRNewswire/ -- Obscura partnered with NASA and the National Institute of Aerospace to invite the public to virtually explore the new frontiers of deep space and the expansion of the space program through an immersive educational experience set within a 50-foot geodesic dome. The multi-city tour premiered at the Intrepid Sea, Air and Space Museum in New York City in July, followed by a simultaneous showing at the California Science Museum in Los Angeles and the Kennedy Space Center in Cape Canaveral, currently underway through November 4th. Photos and Video: http://www.obscuradigital.com/wor...

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...

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...