Report Archives - Page 3 of 4 - AfricaBusiness.com

6Nov

By Africa BusinessNo Comments

African News

Lubricant Demand Growth Stalls in Mature Markets, Strong Growth on the Horizon for New Emerging Markets, Sees Kline

PARSIPPANY, N.J., Nov., 2012 /PRNewswire/ -- Despite the challenges of a precarious economic environment, the 2011 global lubricant market grew a resilient 2%, with global lubricant demand estimated at 38.6 million tonnes. This growth was largely fuelled by the BRIC countries' resurgent industrial activity and expansion in the commercial and passenger vehicles sales, according to the recent Global Lubricants: Market Analysis and Assessment report by international consulting and research firm Kline & Company. The United States remains the largest lubricant market, but its near 22% global share continues to decrease. China and India are the next biggest markets with a combined total of over 26%, with Russia's consumption expected to surpass Japan's and consequently be the fourth...

6Nov

By Africa BusinessNo Comments

African News

Middle East North Africa Beverage Forecasts September 2012

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Middle East North Africa Beverage Forecasts September 2012 http://www.reportlinker.com/p01023922/Middle-East-North-Africa-Beverage-Forecasts-September-2012.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Beverage Product Synopsis Latest historical and forecast consumption trends for key beverage categories in 11 MENA markets. Introduction and Landscape Extracted from Canadean's Global Beverage Forecasts report, Middle East North Africa Beverage Forecasts includes data tables for Bahrain, Egypt, Iran, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Tunisia and United Arab Emirates, plus a regional summary. Aggregated totals for non-...

6Nov

By Africa BusinessNo Comments

African News

Africa Beverage Forecasts September 2012

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Africa Beverage Forecasts September 2012 http://www.reportlinker.com/p01023927/Africa-Beverage-Forecasts-September-2012.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Beverage Product Synopsis Latest historical and forecast consumption trends for key beverage categories. Introduction and Landscap0065 Extracted from Canadean's Global Beverage Forecasts report, Africa Beverage Forecasts includes data tables for Nigeria and South Africa, plus a regional summary. Aggregated totals for non-profiled countries are also given to obtain a complete regional picture. Product analysis is broken down in to 19 beverage categories (packaged ...

6Nov

By Africa BusinessNo Comments

African News

IAMGOLD Fatality in Burkina Faso, West Africa

TSX: IMG NYSE: IAG TORONTO, Nov., 2012 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") regrets to report that a gardener employed at our exploration office in Ouagadougou, Burkina Faso, drowned on November 1, 2012. The Company immediately notified all relevant government authorities and other stakeholders in Burkina Faso and is reviewing its safety precautions across the Company for its care and maintenance workers. The thoughts of management in Burkina Faso and throughout the company are with the family, friends and co-workers of the deceased. About IAMGOLD IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one million ounces annually from five gold mines (including current joint ventures) on three contine...

5Nov

By Africa BusinessNo Comments

African News, Kenya News

Deforestation Costing Kenyan Economy Millions of Dollars Each Year and Increasing Water Shortage Risk, UNEP and Kenya Forest Service Report Finds / Services from Kenya’s Water Towers Underpin Many Sectors of Economy

NAIROBI, Kenya, November 5, 2012/African Press Organization (APO)/ – Deforestation deprived Kenya’s economy of 5.8 billion shillings ($US 68 million) in 2010 and 6.6 billion shillings in 2009, far outstripping the roughly 1.3 billion shillings injected from forestry and logging each year, according to a joint Kenya Forest Service (KFS) and UN Environment Programme (UNEP) report. The ongoing work of the KFS, together with the Kenya National Bureau of Statistics (KNBS) and international partners, says that the contribution of forests is undervalued by 2.5 per cent, putting the estimate of its annual contribution to Gross Domestic Product (GDP) at around 3.6 per cent. Hon. Dr. Noah Wekesa, Kenya’s Minister of Forestry and Wildlife, said the report – entitled ‘The ...

5Nov

By Africa BusinessNo Comments

African News, Uganda News

Tánaiste welcomes commitment from Government of Uganda to repay funds misappropriated from Irish Aid

DUBLIN, Ireland, November 5, 2012/African Press Organization (APO)/ – The Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore, T.D., today welcomed the Government of Uganda’s commitment to repay €4m in Irish Aid funds which was misappropriated by officials in the Office of the Prime Minister, the Ministry of Finance and Bank of Uganda. The Tánaiste stated: “I have received assurances from the highest level in the Government of Uganda that they will repay in full the €4 million in Irish Aid funding which was misappropriated by corrupt officials. “I welcome this swift response to the very grave concerns which I conveyed to the Ugandan Government and the speed with which the Government has moved against officials who were implicated in this ...

5Nov

By Africa BusinessNo Comments

African News

IQ4News Partner with VHC to Launch South Africa Job Portal

According to a report by Statistics South Africa, unemployment rate in South Africa is at 24.9%, down from 25.2% in the first quarter. A staggering 79% of those unemployed are under the age of 35, with some 26,000 graduates unemployed. The largest decreases in unemployment were seen in Limpopo with 1.7%, Mpumalanga with 1.4% and KwaZulu-Natal at 0.7%. “Approximately 4.5 million persons were looking for work in the 2nd quarter of 2012, of which 3,0 million (or 67.8%) have been looking for work for a period of 1 year or longer,” read the report. “Furthermore, 58.6% of the job seekers did not have matric. Despite overall levels of unemployment declining year-on-year, the number of unemployed persons increased by 24,000 among those with tertiary education”. Some econ...

3Nov

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Rwanda News

Africa: Regional integration can boost FDI, experts at AEC say

KIGALI, Rwanda, November, 2012/African Press Organization (APO)/ – Experts at the ongoing African Economic Conference in Kigali today agreed that Africa would need to strengthen regional integration in order to boost increased Foreign Direct Investment (FDI) on the continent, because it creates larger domestic markets and stimulates trade, two elements that can attract FDI. “At a time when China, India, Brazil and other large emerging markets are taking on such a prominence in the global economy, we must surely focus the minds of African policymakers, particularly from smaller, landlocked countries, on the importance of pushing forward the regional integration agenda”, said Andrew Mold, a senior Economic Affairs Officer of ECA. Mold said that attracting FDI in Africa c...

3Nov

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African News

Airtel Nigeria appoints Segun Ogunsanya as Chief Executive Officer

Segun Ogunsanya will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria LAGOS, Nigeria, November, 2012/African Press Organization (APO)/ – Bharti Airtel (http://www.airtel.com), a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, today announced the appointment of Segun Ogunsanya as the Chief Executive Officer of Airtel Networks Ltd, Nigeria (“Airtel Nigeria”). Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/airtel.jpg Mr. Ogunsanya, who will be responsible for defining and delivering the business strategy and providing overall leadership for Airtel Nigeria, will report to Manoj Kohli, CEO (International) and Joint MD, Bharti A...

31Oct

By Africa BusinessNo Comments

African News

Bunna International Bank Partners With Finacle From Infosys for Banking Transformation

ADDIS ABABA, Ethiopia and BANGALORE, India, November 1, 2012/PRNewswire-FirstCall via African Press Organization (APO)/ — New Core Banking Solution to Improve Customer Service and Operational Efficiency Bunna International Bank, a leading player in the Ethiopian market, today announced the selection of Finacle[TM] core banking solution [http://www.infosys.com/finacle ] from Infosys for its transformation journey. Finacle will enable the bank to integrate its front and back office operations and deploy a state-of-the-art loan origination system. This will include automating the credit check and loan approval processes for risk-free and efficient loan disbursals. This transformation will help Bunna improve the overall banking experience for its customers. Finacle will also comp...