markets Archives - Page 6 of 6 - AfricaBusiness.com

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...

5Jul

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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...

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 ...