private Archives - AfricaBusiness.com

13Dec

By Africa BusinessNo Comments

African News

African Medical Device Market: Facts and Figures 2012

NEW YORK, Dec. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: African Medical Device Market: Facts and Figures 2012 Why look at Africa? With a population of over a billion people, Africa represents a vast potential market. The political and economic picture is improving in many areas, as conflicts are brought under control, and governments show a new willingness to use export revenues to boost healthcare. Levels of external aid remain strong. While this can be a double-edged sword for the economy of the country in question, a large number of development projects are ongoing. Virtually the entire continent is wholly reliant on imports, which rose by an average of 7.5% per year in the 2006-10 period. The least-develop...

13Dec

By Africa BusinessNo Comments

African News, South Africa News

African Banking innovation sees AfDB approving multi-currency line of credit of USD 300m

By Thandisizwe Mgudlwa The African Development Bank has extended the equivalent of USD 300 million to FirstRand Bank Limited to support projects across Africa This week an announcement from Tunis, Tunisia, revealed that the African Development Bank has approved a seven-year multi-currency line of credit for an amount equivalent to USD 300 million to FirstRand Bank Limited (FRB) of South Africa to finance a wide range of projects in local currencies and across Africa. And most African countries are characterized by low discretionary rates of domestic savings. As a result, the intermediation capacity of the financial sectors is limited, leading to the gap currently being filled with borrowings denominated in foreign currency. However, this introduces a currency mismatch in the fi...

12Dec

By Africa BusinessNo Comments

Energy, Green Energy, South Africa News

JinkoSolar to Supply 81 MW WBHO-Building Energy in South Africa

SHANGHAI, Dec. 12, 2012 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a leading global solar power product manufacturer, today announced that it has signed a contract with fix price to supply WBHO-Building Energy (Pty) Ltd. ("WBHO-BE") with 81 MW of photovoltaic (PV) modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. The project will be developed, designed, constructed and commissioned by WBHO- BE and is, so far, the largest project in African Continent and one of the first approved under the South African government's Renewable Energy Program. JinkoSolar will deliver a total of 344,540 PV high quality solar panels for the project, which is expected to generate...

4Dec

By Africa BusinessNo Comments

Energy, Green Energy

SunPower Corporation to Supply Toshiba with 20.1 Percent Efficiency Solar Panel for Japanese Market

New 20.1 Percent Efficiency Module Continues Toshiba’s High Efficiency Leadership in Japanese Residential Market SAN JOSE, Calif., Dec. 4, 2012 /PRNewswire/ — SunPower Corporation (NASDAQ: SPWR) today announced that it will supply Toshiba with its new world-record efficiency solar panel beginning in December, extending Toshiba’s solar efficiency leadership in the Japanese residential market. SunPower’s new E20/250NE solar panel features a 20.1 percent efficiency rating delivering 250 watts per 72-cell module, and will be marketed exclusively by Toshiba in the Japanese homes segment. The module features the all-back contact Maxeon™ solar cell designed and manufactured by SunPower Corporation which offers world-record efficiency. Since SunPower first partnered with Toshiba in 2010, it has de...

16Nov

By Africa BusinessNo Comments

African News, Senegal News

Africare to outline essential role of civil society, small-scale farming and best practices at this year’s AgriBusiness Forum

Agri2012 - AfriCare (Microsoft Word) Leading American NGO spotlights small-scale farming for a result-driven future for Africa’s Agri-Food sector. “Across Africa it is the small entrepreneurs and businesses that drive community livelihoods and national economic development. Yet without adequate financing or access to buyers, producers associations are not able to sell their products to increase their incomes and bolster their livelihoods. Furthermore without knowledge of the markets, they are unable to secure the inputs and technology needed to increase production,” explains Gwen Young Senegal Country Director for Africare who will be presenting Africare’s vision at this year’s AgriBusiness Forum taking place in Dakar, Senegal from 25-28 November 2012. Focused on establishing s...

13Nov

By Africa BusinessNo Comments

African News

SkyVision to improve the level of communication in Africa

By Thandisizwe Mgudlwa SkyVision has invested in Africa and will be expanding its local presence. On Monday of this week SkyVision Global Networks Ltd, a leading global provider of IP connectivity over satellite and fibre optic systems, announced in Cape Town, South Africa that it will continue expanding its local presence across Africa. "And following an intense strategic process, it became clear that in order for SkyVision to keep its position as a major African player offering services specifically designed for the rapidly developing African markets, it will also need to enhance its local presence in key African markets. Ben Sira stated: “It was clear from day one that if SkyVision was to enhance its market leadership in Africa, the company would have...

12Nov

By Africa BusinessNo Comments

African News

Former President of the African Development Bank Babacar Ndiaye to lead Investment Day at this year’s AgriBusiness Forum.

African expert calls on everyone involved in agriculture to step up to the fore for the sake of the entire continent’s development and in the fight against poverty. 12th November 2012, Brussels, Belgium With the AgriBusiness Forum 2012 just around the corner, Babacar Ndiaye, former President of the African Development Bank and founder of the African Business Roundtable (ABR), outlines his demands towards the African and international community to act and establish basic and fundamental financial policies to create real change, after years of debates and establishing potential visions and objectives. “Africa’s agricultural potential cannot induce people into a self-righteous optimism, but should instead incite a responsible and pro-active approach from the sector’s various players because ...

12Nov

By Africa BusinessNo Comments

African News, Nigeria News, South Africa News

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

10Nov

By Africa BusinessNo Comments

African News

Professional Indemnity Insurance in South Africa

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast for 2015, the study breaks down the market for professional indemnity insurance on a standardised basis by professional group with 12 categories considered as follows: accountancy and finance alternative medicine architecture and engineering br...

10Nov

By Africa BusinessNo Comments

African News, Morocco News

IBM Develops Plan to Help Moroccan Farmers Boost Skills, Production

RABAT, Morocco, Nov., 2012 /PRNewswire/ -- IBM (NYSE: IBM) experts participating in the company's pro bono Corporate Service Corps program have recommended a strategy to lift the productivity of Moroccan farmers. (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO) The plan focuses on improving coordination between the country's Ministry of Agriculture and the farming community, as well as improve internal coordination within the ministry. Closer ties with farmers will enable the ministry to provide more timely advisories, training, and research results -- enabling farmers to modernize work techniques and improve their production quality and quantity. The nine-member IBM team, comprising members who hail from five countries, presented recommendations on a varie...