investment Archives - Page 5 of 8

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...

25Oct

By Africa BusinessNo Comments

African News, South Africa News

R70 MILLION INVESTMENT FOR EAST LONDON TERMINALS

[EAST LONDON – October 2012] TheEast London multi-purpose terminals operated by Transnet Port Terminals have celebrated a historical moment this month when it took delivery of a R70 million brand new Liebherr mobile crane on 14 October 2012. The MV Annette vessel discharged the crane as a semi-assembled unit, which will be assembled by a team of engineers on site. “It is indeed an exciting moment for the East London terminals as this is a historical moment where East London received its first ever mobile crane. This also reaffirms Transnet’s commitment to increasing economic activity in this region,” says SiyaMhlaluka, TPT’s GM: Eastern Cape Terminals. “The investment will address the market demand for cranes in East London to improve efficiencies to o...

23Oct

By Africa BusinessNo Comments

Energy, Green Energy, Republic of Côte d'Ivoire (Ivory Coast)

Construction to commence to expand Globeleq’s Cote d’Ivoire plant

LONDON, Oct., 2012 /PRNewswire/ -- Globeleq Generation Limited (Globeleq), the emerging markets power company, announces the signature of financing for the 139 MW expansion of its existing 288 MW Azito gas-to-power plant near Abidjan, Cote d'Ivoire. (Logo: http://photos.prnewswire.com/prnh/20040611/DAF004LOGO ) Construction is expected to commence shortly, and to be completed in just over two years. The project was financed on a limited recourse basis with 80% of the funding provided by lenders including the International Finance Corporation, European development finance institutions led by Proparco and BOAD, the West African development bank. The majority of the equity funds will be contributed by Globeleq and the remainder by its partner in the project, IPS (West Africa), a co...

14Oct

By Africa BusinessNo Comments

African News

Annual Investment Meeting 2013

The Annual Investment Meeting 2013 (AIM) is an initiative from the UAE Ministry of Foreign Trade to be held in Dubai, United Arab Emirates from April 30 to May 2, 2013 at the Dubai International Convention and Exhibition Center. The third edition of AIM will provide a true assessment of investment opportunities in frontier, emerging and transition economies with a special focus on some high growth regions such as Africa and Asia as well as in the United Arab Emirates (UAE), one of the most dynamic and the leading economic centre in the Middle East and North Africa region. This year edition offers a tribune of strategic importance for business development. The impressive range of media present contributes to the exceptional importance of the event. Additional informat...

11Oct

By Africa BusinessNo Comments

African News

Investors Applaud Hershey’s Vow To Source 100% Certified Cocoa By 2020

Move to certify entire product line seen as significant step to eradicate trafficking and forced child labor on cocoa farms and plantations NEW YORK, Oct. 11, 2012 /PRNewswire-USNewswire/ -- Today, the Interfaith Center on Corporate Responsibility, a shareholder coalition that engages companies on labor and human rights standards in global supply chains, commends the Hershey Company for its commitment to certify all its cocoa by a third party by 2020. With a 43% share of the U.S. chocolate market, the investors view Hershey's decision as an important advancement that is certain to influence the industry and result in more sustainable cocoa farming and production. Said Chris Meyer of Praxis Mutual Funds and co-convener of the Hershey dialogue, "Seventy percent of the worl...

11Oct

By Africa BusinessNo Comments

African News

Annual Investment Meeting 2013 (AIM)

The Annual Investment Meeting 2013 (AIM) is an initiative from the UAE Ministry of Foreign Trade to be held in Dubai, United Arab Emirates from April 30 – May 2, 2013 at the Dubai International Convention and Exhibition Center. The third edition of AIM will provide a true assessment of investment opportunities in frontier, emerging and transition economies with a special focus on some high growth regions such as Africa and Asia as well as in the United Arab Emirates (UAE), one of the most dynamic and the leading economic centre in the Middle East and North Africa region. This three-day FDI focused event includes an Executive Leadership Conference, a Tripartite High-level Meeting, Country Presentations, G2G & B2B Meetings, an Exhibition, Investment Aw...

10Oct

By Africa BusinessNo Comments

African News, Tanzania News

IBM Presents Plan To Speed Timely Agricultural Information To Tanzanian Farmers

IBM's pro bono consultation also recommends strategy to improve air travel, tourism and education DAR ES SALAAM, Tanzania, Oct. 10, 2012 /PRNewswire/ -- A team of IBM (NYSE: IBM) experts today presented recommendations to the Tanzanian government for improving the timeliness and availability of information needed by farmers to grow crops more successfully, feed more people and become more economically sustainable. IBM also suggested ways that information could be made more readily available for schools, leading to a more educated populace prepared for better paying jobs. In addition, the company presented a plan to improve the convenience of air travel in Tanzania, grow tourism and encourage investment. The 12-person IBM team making today's recommendations, comprising indi...

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...

8Oct

By The African Press OrganizationNo Comments

African News, Sierra Leone

The Parliament of Sierra Leone has ratified the award of offshore exploration blocks for ODYE Limited with partners, Chevron and Noble Energy

“The two exploration blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). (CNW Group/ODYE Limited)”. LONDON, Oct. 8, 2012 /PRNewswire via African Press Organization (APO)/ — ODYE Limited (“ODYE” or the “Company”) is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 and SL 8B-10, along with its partners, Chevron and Noble Energy. ODYE’s 100% owned subsidiary, ODYE (SL) Limited, has signed a petroleum license with Sierra Leone’s Minister of Finance on 21 Septembe...

8Oct

By Africa BusinessNo Comments

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 ...