growth Archives - Page 8 of 9 - AfricaBusiness.com

16Jul

By AfricaBusiness.comNo Comments

World Bank Approves New Power Transmission Line between Ethiopia and Kenya to Boost Electricity and Economic Growth in East Africa

Washington, July 12, 2012 – The World Bank’s Board of Executive Directors today approved the Eastern Electricity Highway Project, which will connect Ethiopia’s electrical grid with Kenya’s, create power- sharing between the two countries, reduce energy costs, promote sustainable and renewable power generation, better protect the region’s environment, and pave the way for more dynamic regional cooperation between the countries of East Africa. The new project marks the first phase of a regional East Africa power integration program which is likely to cost US$1.3 billion at completion, eventually benefiting 212 million people living in five countries with a combined GDP of US$107 billion. Together with the Governments of Ethiopia and Kenya, the African Development Bank (AfDB), and ...

16Jul

By AfricaBusiness.comNo Comments

Africa Travel, African News, South Africa News

How is electricity in South Africa affecting the tourism industry?

by Corlia Goosen Company: Discover Africa Telephone: 021 422 3498 The growth of the business sector and industry along with the population leaves electricity supply short in some parts of the country. An increasingly high demand creates high volumes of output providing South African’s with a grid that struggles to cope and unable to function crashes under pressure. Comparing to electricity in Africa, South Africa is way ahead of the masses and leading the way. Electricity in South Africa: Linking Coal and Tarrifs According to iAfrica.com Business, Public Enterprises Minister Malusi Gigaba said on Thursday 14 June, that the South African government is considering declaring coal a strategic resource, "We are engaged in discussions with the ministers of mineral resources ...

12Jul

By AfricaBusiness.comNo Comments

Africa Travel, African News

Manama Hotels Top List of Global Revenue Earners

Ernst & Young Reports Bahrain Hotels Top List of Largest Increase in Revenue per Available Room MANAMA, Bahrain, July 12, 2012 /PRNewswire-USNewswire/ -- Bahrain's hotel industry tops list of global revenue earners in the Middle East/North Africa region according to the latest report issued by Ernst & Young. Hotels in Manama reported a 52.1 percent increase in revenue per available room (RevPAR) for the first five months of 2012 as reported by Ernst & Young's Middle East Hotel Benchmark Survey for May 2012. Manama hotels also saw sustained increased in occupancy rates at 14 percent growth. This growth signals sustained growth during the peak vacation season in the Middle East. According to GulfNews.com, partner and head of MENA transaction real estate at Ernst & Young, Yous...

10Jul

By AfricaBusiness.comNo Comments

African News

Frost & Sullivan: Heavy-Duty Truck Market on the Verge of Increasing Dedicated Global Production Platforms

Nearly one in three trucks manufactured by 2018 to feature platform based lineage MOUNTAIN VIEW, Calif., July 10, 2012 /PRNewswire/ -- After less than 10 years, since Western original equipment manufacturers (OEMs) started entering Brazil, Russia, India and China (BRIC) markets with serious intent, the very face and structure of the global heavy-duty truck market has changed. Markets considered an afterthought a few decades ago are now dictating the course of global commercial vehicle demand and the growth of the industry. Seismic changes shaping the global commercial vehicle industry have truly flattened the world, where OEMs from both triad (United States, European Union and Japan) and non-triad markets are aggressively competing for sustainable and robust growth. As they begin developin...

10Jul

By AfricaBusiness.comNo Comments

African News

Africa – Mobile Voice Market and Major Network Operators

Market penetration to reach 60% among Africa's one billion people in 2012 Mobile phones represent more than 90% of all telephone lines in Africa. Market penetration passed the 50% mark in 2010 and is expected to reach 60% in 2012. Subscriber growth across the continent has slowed to around 17% p.a, but several individual markets are still growing at 50% p.a. or more and others stand at only single-digit penetration rates. The continent's most advanced markets have passed the 100% penetration mark. Although the greatest demand is in the major cities, cellular solutions are also being employed to increase accessibility in rural and other disadvantaged areas. In addition to mobile networks, Wireless Local Loop (WLL) systems have been introduced in a large number of countries for the provision...

9Jul

By AfricaBusiness.comNo Comments

Energy, Green Energy

SunEdison Closes 98 MW of Solar Projects in Europe

SunEdison demonstrates its ability to deploy high value solar assets in Europe and to structure complex transactions attracting world class financing partners BELMONT, Calif., July 9, 2012 /PRNewswire/ -- SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR), today provided additional details on the solar project closings announced last week. The company closed three transactions involving approximately 98 megawatts (MWp) of photovoltaic (PV) power plants in Europe during the second quarter. The transactions include the sale of a 60MWp power plant in Bulgaria to a consortium of investors consisting of an affiliate of First Reserve Energy Infrastructure Fund, Crescent Capital and ACWA Power; a 13 MWp portfolio of projects in...

9Jul

By AfricaBusiness.comNo Comments

African News

Market Rally Running Out of Steam?

LONDON, July 9, 2012 /PRNewswire/ -- June proved to be a bullish month for stock markets, with investors buying back into the market after three previous months of declines as Central Banks looked to stimulate a slowing global economy. In June, the FTSE 100 gained 251 points or 4.7%. However, having hit resistance at the 5700 level at the end of last week, will the FTSE's charge start to run out of steam? By close of play in the UK on Friday (July 6), all the major indices were firmly in the red, with the Dow Jones leading the way as it fell by over 150 points (over 1%) by 4.40pm (BST). Major indices in the UK and Europe recorded falls too, with the FTSE 100 shedding 30 points and Germany's DAX 30 sliding by over 125 points to close the week at 5662.6 and 6410.1 respectively. L...

7Jul

By AfricaBusiness.comNo Comments

African News

“The Electric Power Infrastructure Security Market Will Reach $3.7bn in 2012” Says Visiongain Report

Visiongain’s analysis indicates that the electric power infrastructure security market to be worth $3.7bn in 2012, as companies and organisations across a number of sectors seek to secure their systems, networks, information and data against the dangers of cyberspace. London, United Kingdom, July 07, 2012 --(PR.com)-- The electric power infrastructure security market is therefore forecast by Visiongain to record strong and continuous growth over the next decade, as the security of electric power infrastructure gains in importance against a backdrop of increasing physical and cyber threats and attacks. The lead analyst of the Electric Power Infrastructure Security report commented that "Electric power infrastructure security is a growth market for both governments and the pr...

7Jul

By Amat JENGNo Comments

African News

ACCESS BANK HOLDS AGM WITH TOTAL ASSETS, CONTINGENTS GROW AT D991 MILLION

by Amat JENG Access Bank (Gambia) Ltd on Wednesday held its fifth Annual General Meeting (AGM) at the bank’s head office along Kairaba Avenue. Started with a required quorum, the meeting witnessed the Chairman board of directors of the bank, Bai Mattar Drammeh, declared total assets and contingents to have grown by 7.7% from dalasi 920 million in 2010 to dalasi 991 million as at end December 2011. “The bank implemented turnaround strategies that resulted to operational profit (before credit loss) of GMD3 million compared to a loss of GMD16 million in [the] year 2010. However, the high level of non-performing loan was a challenge and resulted to further provision,” he said. Mr Drammeh pointed to the global economy slow recovery and said fears of recession “remained prevalent with a rash of ...

5Jul

By AfricaBusiness.comNo Comments

African News

IBM Supports Accelerated Adoption of Technology in Tanzania

DAR ES SALAAM, Tanzania, July, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today (July 4) signed a collaboration agreement with the Tanzanian Ministry of Communication, Science and Technology to help accelerate the adoption of technology as part of Tanzania's ongoing development and strategy to increase its competitiveness in East Africa. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) IBM will work with the Tanzanian Government to help achieve its vision of becoming a hub for trade in the wider East Africa region and to enhance sustainable economic development as outlined in the Tanzania National ICT Policy. "This agreement supports the goals of the National ICT Commission to use innovative technologies and approaches to transform our infrastructures, build national data...