July Archives - Page 5 of 5 - AfricaBusiness.com

7Jul

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Solamon Enters Mauritius Market; Set to Provide Large-Scale Solar Energy Projects

Solamon enters Mauritius market; set to provide large-scale solar energy projects. Toronto, Canada, July 07, 2012 --(PR.com)-- Earlier today Jay Yeo, President, Solamon Energy Corp., proudly announced the company has entered The Republic of Mauritius and over the next few months will aggressively pursue its goal to sell large-scale solar arrays across fields, parking lots and rooftops on this sun-rich island nation located in the Indian Ocean. "It is in fact our first foray into Africa," adds Yeo, from his office in Toronto, "and we are working closely with several partners to effectively communicate our intentions to business and government leaders." Mauritius has no known oil, natural gas or coal reserves, and therefore currently depends on imported petroleum products to meet...

5Jul

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Energy, Green Energy

Unique Program Which Brings Solar to Remote Africa Receives Recognition from Soluxe Solar

Solar Provider honors African "Pay as You Go" solar program with Solar Flare award DARIEN, Conn., July 5, 2012 /PRNewswire/ -- While remote villages in Africa may not be the most expected place to find solar, IndiGo is shining light on unheard of locations through a "Pay As You Go" solar program which allows rural villagers to generate their own power via a photovoltaic panel and battery pack. They can then purchase the produced energy for as little as $1 a week. This unique program has caught the eye of Soluxe Solar, a Connecticut-based solar company. The IndiGo program receives this week's Soluxe "Solar Flare" – a weekly honor the company bestows on an individual or company making great strides in the world of solar advancement. "Each day we are seeing solar develop and crea...

4Jul

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Energy, Green Energy, South Africa News

Energy Trends in Africa: Will Africa be the Global Green Energy Leader?

CAPE TOWN, South Africa, July 4, 2012 /PRNewswire/ -- With the latest supply of power grids, power generation efficiency and movement toward energy-efficient buildings, Africa is at the brink of a green energy revolution – or is it really? The Frost & Sullivan Energy and Power Systems business unit will be hosting a complimentary web conference that will be contextualising the direction and scale of energy investment in Africa. The web conference will take place on 10 July 2012, at 15:00 CAT (14:00 BST). Various countries have introduced feed-in tariffs and, in addition, the need for supplementary power in remote locations is on the increase. At the same time, the costs of RE technologies have been decreasing, becoming ever more competitive. Many companies are bracing themselves for gr...

4Jul

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African News, Ghana News, Kenya News, South Africa News, Zimbabwe News

Africa provides vast potential for micro-insurance

Micro-insurance coverage has expanded dramatically globally from the 78 million low-income people identified in 2007 to the current estimates suggesting the sector is approaching 500 million lives covered today. This growth has been largely driven by both the active involvement of governments to better help citizens protect themselves against risks and the availability of payment systems, which has made it easier to collect premiums from low-income households and enabled a host of new players to get involved in micro-insurance. However, despite global growth in micro-insurance and its increasing prominence on the international agenda, micro-insurance on the African continent continues to lag behind, with only 25 million low-income people covered. Africa nevertheless provides vast potenti...

9Feb

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Tanzania News, Zambia News

Africa Loses Billions in Potential Trade Earnings, Falls Short of Vast Promise in Cross-Border Business―New World Bank Report

Washington, February 7, 2012 – With African leaders now calling for a continental free trade area by 2017 to boost trade within the continent, a new World Bank report shows how African countries are losing out on billions of dollars in potential trade earnings every year because of high trade barriers with neighboring countries, and that it is easier for Africa to trade with the rest of the world than with itself. According to the new report―De-Fragmenting Africa: Deepening Regional Trade Integration in Goods and Services―regional fragmentation could become even more costly for the continent with new World Bank forecasts suggesting that economic slowdown in the Eurozone could shave Africa’s growth by up to 1.3 percentage points this year. As the authors write, “while uncertainty surrounds ...