its Archives - Page 10 of 16 - AfricaBusiness.com

10Oct

By Africa BusinessNo Comments

SA fanatical gamers are in for more entertainment

By Thandisizwe Mgudlwa Oh ye! South African gaming solution is responding to high demand from fanatical gamers. And this week, gamers are to benefit from a niche product from South African hosting solution provider, Openweb. Reports show that the launch of its new 4MB and 10MB Uncapped Gold Solution positions itself square in the heart of SA gamers, answering a genuine local need for the type of reliability and bandwidth demanded in supreme quality gaming. Keoma Wright, Openweb CEO, explains: "The contention ratio is why Gold Uncapped works so well. We keep contention low and prioritise traffic for gaming. Latency can make or break a gamer - if your ISP doesn't add a priority flag on your gaming traffic, even if your gaming connection seems to be working well, you won't stan...

10Oct

By Africa BusinessNo Comments

African News, South Africa News

South Africa: John Thompson flying higher

By Thandisizwe Mgudlwa Here is a company that knows how to make it big in the international business arena. The South African group, John Thompson is continuing its strong international performance with multiple export orders into the East African tea industry, brewing industry and the highly competitive Far East market, research reveals. According to JT, the tea industry, mostly concentrated in the East African region, has placed orders for a total of five wood-fired boiler units during the year to date. This industry also has vast tracks of land available for planting of blue gum trees making this the cheapest and most sustainable fuel. And the John Thompson Simpac boiler has been custom designed for wood log firing. It complies with latest design code yet is robustly built ...

10Oct

By Africa BusinessNo Comments

Energy, Green Energy

Hyundai goes big at GulfSol 2013

Hyundai Heavy Industries has confirmed a major presence at GulfSol 2013 (3-5 September 2013, Dubai World Trade Centre), with the reservation of a prime-located 100 sq metre exhibition stand. The Korean solar giant has always been a key mover in emerging markets, and this sizeable booking sends out a clear message of intent to its competitors that it is making a major focus on the MENA region in the coming years, and wants to ensure it has first-mover advantage. “Even though there are 12 months to go, the demand for space has been fantastic” says Nick Thomson, Exhibition Director, GulfSol 2013, “and this move by Hyundai sends out a clear message to all those still contemplating the size and location of their stand at the show to book in early whilst there is space still available a...

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 The African Press OrganizationNo Comments

African News

Officials to deliberate a business plan to implement the African Mining Vision

ADDIS ABABA, Ethiopia, October 8, 2012/African Press Organization (APO)/ – The joint partnership of the African Union Commission, the Economic Commission for Africa and the African Development Bank has hailed today’s meeting of the Bureau of the Second Conference of AU Ministers Responsible for Mineral Resources Development as “an important milestone in implementing the Africa Mining Vision.” Convened by the Ethiopian Minister of Mines, Sinkinesh Ejigu, in her capacity as Chair of the Bureau of Ministers responsible for Mines, the 8-9 meeting aims to discuss a Business Plan aimed at establishing the African Minerals Development Centre (AMDC), according to Stephen Karingi, Director, Regional Integration and Trade Division, ECA. “We are all only too aware that despite Africa’s rich ...

8Oct

By Africa BusinessNo Comments

African News

World Bank Launches New Fund to Help African Countries Negotiate Best-Possible Deals for their Oil, Gas, and Minerals

PARIS, October, 2012―With new discoveries of oil, gas, and other minerals generating a wave of significant mineral wealth in African countries, the World Bank today launched a new fund to help countries on the continent level the playing field and ensure equitable deals in their natural resource contracts with international companies. With Africa holding 15% of the world’s oil reserves, 40% of its gold, and about 80% of the platinum group of metals, natural resources represent important development opportunities for the continent. For example, oil production has been growing steadily in Africa, and is expected to continue to rise at an average rate of six percent per year for the foreseeable future. At the 40th Anniversary Meeting of the Zone Franc Monetary Union in Paris today, attended b...

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 ...

24Aug

By Africa BusinessNo Comments

African News

MarketsandMarkets: World Sensors Market in Healthcare Applications is expected to reach $13.11 billion by 2017

DALLAS, August, 2012 /PRNewswire/ -- According to a new market research report "World Sensors Market in Healthcare Applications (2012-2017), Global Forecast & Analysis - Segmentation by Type of Sensor (Temperature, Pressure, Chemical, Flow, Level, Position, Image and Biosensors), Monitoring, Therapeutic, Diagnostic, Drug Discovery & Delivery Applications, Geographical & Country-wise Markets" published by MarketsandMarkets (http://www.marketsandmarkets.com), the total market is expected to reach $13.11 billion by 2017. Browse more than 147 market data tables & figures spread through 402 pages and in-depth TOC on "World Sensors Market in Healthcare Applications (2012-2017". http://www.marketsandmarkets.com/Market-Reports/sensors-market-healthcare-applications-372.h...

24Aug

By The African Press OrganizationNo Comments

African News, Kenya News

Catherine Ashton travels to Kenya to reiterate EU support to democracy, security and economic growth in the region

BRUSSELS, Kingdom of Belgium, August 24, 2012/African Press Organization (APO)/ – Catherine Ashton, EU High Representative for Foreign Affairs and Security Policy/Commission Vice President, is travelling to Nairobi where she is to meet Prime Minister Odinga, Minister of Foreign Affairs Ongeri, and other Kenyan leaders on 28 August. As Kenya is preparing for national elections in March 2013, the EU reiterates its support to the efforts of the Kenyan people to build democracy, security and prosperity in their country. Catherine Ashton regrets the loss of life in the conflict in south-eastern Kenya and appeals to the communities involved to cease violence and resort to peaceful means of conflict resolution. On 26 August, Catherine Ashton will also visit a vessel participating in the ...

22Aug

By Africa BusinessNo Comments

South Africa News

South African Fashion eCommerce Retailer Expands Into Africa

Millbug.com, the leading women's fashion ecommerce retailer in South Africa today announced it would be expanding into the rest of Africa. The company, which prides itself on providing elegant and edgy fashion for millennials, has confirmed that its number one priority will be proliferating the African ecommerce environment. “We are very fortunate to have unique insights into the African youth consumer market”, says Managing Director of Millbug (Pty) Ltd, Sabelo Sibanda. “Our site delivers the same user experience whether it's being viewed on a desktop, tablet or mobile device. This, coupled with our live chat, multiple payment gateways and free worldwide shipping, puts millbug.com in a perfect position to spread the love to the rest of the continent”. Millbug.com has built a s...