Thursday, November 21African Digital Business Magazine

Tag: Guinea

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä
Energy, Guinea News, Mauritania, Senegal News

Accelerating the deployment of renewable energy will save West African countries hundreds of millions of dollars by the end of decade, says Wärtsilä

A strategy shift in favour of renewables will bring significant economic advantages as power systems are expanded. Speaking last week at the West Africa Energy Transition Forum in Dakar in the presence of key energy decision-makers, experts from Wärtsilä shared insights on the impact renewables will have on power system cost, flexibility, and stability in West Africa. They presented the results of their latest study which investigates Senegal’s optimal power system expansion. The study revealed that speeding up the deployment of renewable energy beyond what is currently planned will lead to a staggering $700 Millions of savings until 2035, primarily because of the massive decrease in fuel costs that it will generate. Significant cost savings are also expected in other West African countri...
Ethiopia News, Guinea News, Main, Mali News

African Growth and Opportunity Act eligibility requirements under review in three African countries

By Virusha Subban, Partner and Head of Indirect Tax, Baker McKenzie Johannesburg On 2 November 2021, US President Joe Biden announced that three African countries would be terminated from the African Growth and Opportunity Act (AGOA) trade preference program, unless they took urgent action to meet statutory eligibility criteria by 1 January 2022. The three countries listed were Guinea, Mali and Ethiopia. The US administration cited unconstitutional changes in governments in Guinea and Mali and human rights violations in Ethiopia, due to conflict in the country, as reasons for the termination. The statement announced the intention to provide all three countries with a clear benchmark and pathway towards reinstatement so that valued trading partnerships could be resumed. AGOA eligibility c...
APIP-Guinea announces the inaugural Guinea Investment Forum (GUIF)
Events, Guinea News

APIP-Guinea announces the inaugural Guinea Investment Forum (GUIF)

The Private Investment Promotion Agency (APIP-Guinea), the organisation responsible for promoting private investment and implementing the Government's policy for investment development today announced the inaugural Guinea Investment Forum (GUIF) to take place on 24-25 February 2021 at the Sheraton Grand Conakry. Given the current pandemic, this event will be a hybrid event with attendees joining the event either on a virtual platform or in person. Nampry Camara, Managing Director, APIP-Guinea said: “The Guinea Investment Forum will be the first transactional platform for key investment actors, including: Guinean government, national, regional and international development partners in the Republic of Guinea to consider and discuss project opportunities in Guinea.  Attendees will benefit fro...
African News, South Africa News

DHL Global Connectedness Index shows signs of progress for Africa and others

By Thandisizwe Mgudlwa The latest reports on African Connectedness are showing great things for the future. And African countries are showing the largest increases in their global connectedness, according to DHL. While recent announcements from Cape Town, South Africa reveal: •          The countries with the largest increases are Mozambique, Togo, Ghana, Guinea and Zambia •          Global connectedness has yet to recover from its steep drop at the onset of the financial crisis •          The world’s shifting economic center of gravity is reshaping industry connectedness DHL recently released the second edition of the DHL Global Connectedness Index (GCI), a comprehensive analysis of the state of globalization around the world. The report, drawing on over one million data points fr...
African News

African Medical Device Market: Facts and Figures 2012

NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: African Medical Device Market: Facts and Figures 2012 Why look at Africa? With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare. Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-develop...
African News, Equatorial Guinea

American Businessman Talks About Investment In Equatorial Guinea

More than 25,000 Americans Work in Equatorial Guinea Today MALABO, Equatorial Guinea, Nov., 2012 /PRNewswire-USNewswire/ — Investing in Equatorial Guinea is a flexible and friendly process, according to American businessman John James. In a recent interview with Focus Washington, John James, founder and chairman of JD James & Company, an advisory firm serving governments, government sponsored enterprises and the global private sector in West and Central Africa, said that Equatorial Guinea offers more flexibility to establish a business than other African countries because the government has deeply focused on the country’s development. James has lived and worked in Africa for more than ten years. James said that Equatorial Guinea is one of the most dynamic stories in Afric...
African News, Equatorial Guinea

Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa

  Equatorial Guinea Gives US$30 Million To FAO For Food Aid In Africa Equatorial Guinea joins the fight to end hunger in Africa MALABO, Equatorial Guinea , Oct. 12, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea has offered US$30 million to the Food and Agriculture Organization of the United Nations (FAO) to assist African countries with food shortages and improve food security across the continent. The donation comes after a meeting between the President of Equatorial Guineaand Jose Graziano Da Silva , Director-General of the United Nations Food and Agriculture Organization at the 67th United Nations General Assembly in September. "We believe that with this contribution, the FAO will advance plans to end hunger in Africa ," said President Obiang Nguema Mbasogo. The remarks wer...
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...
African News, Equatorial Guinea

Equatorial Guinea Airline Inaugurates Service To Europe

  Ceiba Intercontinental Adds Malabo – Madrid Route MALABO, Equatorial Guinea, Oct., 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea's national airline, Ceiba Intercontinental, made its historic first intercontinental flight on October 4 from Malabo, Equatorial Guinea, to Madrid. Ceiba will service the route with a newly acquired Boeing 777 aircraft. The Ministry of Civil Aviation of Equatorial Guinea purchased the aircraft as the first step in the government's efforts to meet the growing demand for air service to the country and support its growing economy. "Flying to Madrid from Malabo, on board an aircraft of this type and owned by Equatorial Guinea, is a dream come true," said Fausto Abeso Fuma, Delegate Minister of Aviation. Upon his arrival in Spain on the inaugural fligh...
African News

Despite Global Slowdown, African Economies Growing Strongly― New Oil, Gas, and Mineral Wealth an Opportunity for Inclusive Development

WASHINGTON, October, 2012 – Sub-Saharan Africa is expected to grow at 4.8 percent in 2012, broadly unchanged from the 4.9 percent growth rate in 2011 and largely on track despite setbacks in the global economy, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6 percent. African exports rebounded notably in the first quarter of 2012, growing at an annual pace of 32 percent, up from the -11 percent pace recorded in the last quarter of 2011. African countries have not been immune to the recent bout of market volatility stemming from the Euro Area crisis, as well as the growth slowdown that is occurring in some ...