million Archives - Page 7 of 8 - AfricaBusiness.com

17Jul

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African News, Botswana News, Equatorial Guinea

Equatorial Guinea Leads Africa In Per Capita Health Investment

Improvement of public health and health infrastructure is a national priority in Equatorial Guinea. MALABO, Equatorial Guinea, July, 2012 /PRNewswire-USNewswire/ -- Equatorial Guinea and Botswana lead Africa in per capita investments in health care, according to a World Health Organization (WHO) report, but the gap in spending between Africa and the rest of the world is still a concern. The statistics are from the WHO's 2012 Health Financing and Health MDGs (Millennium Development Goals) Scorecard and Africa's first Multi Year Health Financing Trends Analysis. The surveys show Equatorial Guinea's per capita annual spending at $612 and Botswana's at $442. The survey results were presented by Rotimi Sankore to the WHO's Joint Conference of Finance and Health Ministers, which met in Tunis Ju...

16Jul

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African News, Ethiopia News, Kenya News

World Bank Approves New Power Transmission Line between Ethiopia and Kenya to Boost Electricity and Economic Growth in East Africa

Washington, July 12, 2012 – The World Bank’s Board of Executive Directors today approved the Eastern Electricity Highway Project, which will connect Ethiopia’s electrical grid with Kenya’s, create power- sharing between the two countries, reduce energy costs, promote sustainable and renewable power generation, better protect the region’s environment, and pave the way for more dynamic regional cooperation between the countries of East Africa. The new project marks the first phase of a regional East Africa power integration program which is likely to cost US$1.3 billion at completion, eventually benefiting 212 million people living in five countries with a combined GDP of US$107 billion. Together with the Governments of Ethiopia and Kenya, the African Development Bank (AfDB), and ...

14Jul

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South Africa News

Eight reasons why copywriting is more important than ever before

by Chemory Gunko 8 reasons copywriting is more important than ever before (Microsoft Word) You’d think, with the variety of tools available to us in today’s wide media landscape, that the need for good copywriting would have fallen by the wayside – but you couldn’t be further from the truth. Nowadays, more than ever, it’s the guys with the best copywriting – and most informative content – that achieve the kinds of viral traction that we all dream of for our business marketing. So, why is great copywriting still so much of a draw card in today’s multimedia world? 1. Content is King There may be a million things to do online, but the most important one is reading. Without negating the importance of your design, which is crucial to grabbing people...

12Jul

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African News

Is this a crisis?

By Thandisizwe Mgudlwa The Instagram vulnerability warning, strangers able to access your private information, so reads a statement. Another question is: Are you one of the 50 million users of Instagram, the photo-sharing service bought by Facebook in April for $1 billion? If so you need to look out for an Instagram update to fix a vulnerability that has just been published by Spanish security researcher Sebastin Guerrero. According to comments Carey van Vlaanderen, CEO of ESET Southern Africa: “This vulnerability, which Guerrero has dubbed the "Friendship Vulnerability," allows people you don't know to add themselves as a friend to your Instagram account, with privileges that include viewing photos you thought were Private. It is reported that Instagram has now placed a noti...

10Jul

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African News

Agreement to Purchase Contiguous Mining Lease with the Obotan Gold Project

PMI acquires mining lease continguous................ (MS Word) PMI acquires mining lease continguous................ (Acrobat Reader .pdf) PMI Gold Corporation(TSX-V: PMV) (ASX: PVM) is pleased to announce that its 100% wholly-owned subsidiary, Adansi Gold Company (Ghana) Limited (“Adansi”) has entered into an agreement with Midras Mining Company Ltd (“Midras”) to acquire the DatanoMining Leasewhich sits contiguous to the Company’sflagship Obotan Gold Project in south-west Ghana (Figure 1) (please download file). The Midras concession covers an area of 50km2 and sits strategically south of the Nkran deposit providing PMI access to the extensions of the mineralised Nkran and Fromenda structures and the opportunity to develop additional oxide resource targets close to the...

10Jul

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African News, South Africa News

Students need vocational education

By Thandisizwe Mgudlwa Vocational education and training is clearly the answer for most students who can't enter the university system. That is why experts have in the past urged students to consider private colleges and Further Education and Training (FET) institutions as a viable option for gaining a tertiary education. Among them are quality institutions offering courses that address the economic needs of our country. Many colleges have a higher ratio of graduates placed directly into related employment. Sharene Menteath, Head of Academics at CTI Education Group comments: "CTI Information Systems graduates are employed at the same level as university graduates, but require only one year of study and are likely to have earned an additional R100 000 before their universi...

9Jul

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Energy, Green Energy

SunEdison Closes 98 MW of Solar Projects in Europe

SunEdison demonstrates its ability to deploy high value solar assets in Europe and to structure complex transactions attracting world class financing partners BELMONT, Calif., July 9, 2012 /PRNewswire/ -- SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials (NYSE: WFR), today provided additional details on the solar project closings announced last week. The company closed three transactions involving approximately 98 megawatts (MWp) of photovoltaic (PV) power plants in Europe during the second quarter. The transactions include the sale of a 60MWp power plant in Bulgaria to a consortium of investors consisting of an affiliate of First Reserve Energy Infrastructure Fund, Crescent Capital and ACWA Power; a 13 MWp portfolio of projects in...

7Jul

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African News

ACCESS BANK HOLDS AGM WITH TOTAL ASSETS, CONTINGENTS GROW AT D991 MILLION

by Amat JENG Access Bank (Gambia) Ltd on Wednesday held its fifth Annual General Meeting (AGM) at the bank’s head office along Kairaba Avenue. Started with a required quorum, the meeting witnessed the Chairman board of directors of the bank, Bai Mattar Drammeh, declared total assets and contingents to have grown by 7.7% from dalasi 920 million in 2010 to dalasi 991 million as at end December 2011. “The bank implemented turnaround strategies that resulted to operational profit (before credit loss) of GMD3 million compared to a loss of GMD16 million in [the] year 2010. However, the high level of non-performing loan was a challenge and resulted to further provision,” he said. Mr Drammeh pointed to the global economy slow recovery and said fears of recession “remained prevalent with a rash of ...

4Jul

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African News, Angola News

Video: Footage shows African ‘ghost town’

A giant new Chinese-built city has sprung up on the outskirts of Angola's capital Luanda. Nova Cidade de Kilamba is a brand-new mixed residential development of 750 eight-storey apartment buildings, a dozen schools and more than 100 retail units. Designed to house up to half a million people when complete, Kilamba has been built by the state-owned China International Trust and Investment Corporation (CITIC) in under three years at a reported cost of $3.5bn (£2.2bn). But on a recent trip back to Luanda, the BBC's former Angola correspondent Louise Redvers discovered that most of the buildings currently lie empty, as this footage she recorded shows. Source: http://www.bbc.co.uk/news/world-africa-18680217

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...