share Archives - AfricaBusiness.com

20Dec

By Africa BusinessNo Comments

AE-AMD Renewable Energy And Tenesol/SunPower Begin Work On Two Solar Projects In South Africa

Projects are Part of Government's IPP Procurement Program JOHANNESBURG and SAN JOSE, Calif., Dec. 20, 2012 /PRNewswire/ -- AE-AMD Renewable Energy, a joint venture between the Spanish AMDA energia and the South African Alt-E Technologies, and Tenesol, a SunPower company (NASDAQ: SPWR), today announced two South African ground-mounted solar power projects totaling 33 megawatts (MW). Both projects, which Tenesol will construct, are located near Douglas, South Africa in the Northern Cape Province. Herbert, a 22-MW project, has begun construction, and groundbreaking for the 11-MW Greefspan project will begin in the coming weeks. They are both part of the South African government's Independent Power Producers Procurement Program and completion for both projects i...

14Nov

By Africa BusinessNo Comments

African News, South Africa News

Sunil Joshi to address MEF Seminar 19th November 2012

14 November 2012 Midrand, Johannesburg, South Africa, Sunil Joshi, Managing Director and CEO of Neotel, South Africa's first converged telecommunications network operator, will address the MEF’s (Metro Ethernet Forum) Ethernet Business Services Seminar on Monday, 19 November 2012, at the Axiz Workgroup Auditorium in Midrand. Joshi will outline Neotel’s journey and its service offerings including Ethernet Services, when he speaks to the audience of service providers, equipment vendors and enterprises at the MEF’s first seminar of its kind on the continent. Kevin Vachon, COO of the MEF comments: “I am delighted that Sunil Joshi has agreed to share the Neotel story and how the company can support the MEF’s mission here in South Africa. Our aim is to bring together all parts of...

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...

8Nov

By Africa BusinessNo Comments

African News

Houston Hosts the PanAfrican Entrepreneurs Conference – Global Opportunities in Energy, Agribusiness, Technology, and Capital Access

WASHINGTON, Nov., 2012 /PRNewswire via African Press Organization (APO)/ — The PanAfrican Entrepreneurs Conference (PAEC) takes place November 15-18, 2012, in Houston, TX at the Four Seasons Hotel. PAEC is an arena for entrepreneurs and business people within the Black Diaspora to meet and further business connections. This is the newly formed international division of the National Black Chamber of Commerce. The project strategies of PAEC are to promote, help develop and expose procurement opportunities for entrepreneurs. These opportunities will include infrastructure, energy, water management, agri-business, telecommunications, fashion, matchmaking, logistics, transportation, healthcare, environmental management, bidding/tender/RFP management, education facilities, f...

8Nov

By Africa BusinessNo Comments

African News

POST SHOW REPORT 2012: ASIA’S LARGEST EXHIBITION & CONGRESS FOR AESTHETIC MEDICAL DISCIPLINES

Post Show Report ( .pdf Acrobat Reader) 13-15 SEPTEMBER 2012 Sands Expo and Convention Center, Marina Bay Sands, Singapore 4th Edition: POST SHOW REPORT 2012 ASIA’S LARGEST EXHIBITION & CONGRESS FOR AESTHETIC MEDICAL DISCIPLINES - Aesthetic Dermatology - Anti-aging Medicine - Aesthetic Plastic Surgery - TST Triangular Meeting - Aesthetic Dentistry - Professional Beauty 16 European CME credits 14 CPE Dental Credits Organised by Partnered by In association with Supporting Organisation Platinum Sponsor Gold Sponsor +65 6411 7743 (DID) / +65 6411 7777 aestheticasia@informa.com www.aestheticsasia.com Aesthetic...

8Nov

By Africa BusinessNo Comments

African News

VAALCO Energy Provides Update on Mutamba Iroru Block Onshore Gabon

HOUSTON, Nov. 8, 2012 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that the N'Gongui 2 exploration well being drilled onshore Gabon in the Mutamba Iroru concession has encountered hydrocarbons in the objective Gamba sandstone section. (Logo: http://photos.prnewswire.com/prnh/20100316/NY71495LOGO ) Robert Gerry, Chairman and CEO, commented: "With our partner, Total Gabon, we have elected to drill this well as a "tight hole" and therefore specifics of the operation will not be released until a later date. Suffice to say that VAALCO is excited about the results as the reservoir encountered is the same oil bearing sandstone that produces so prolifically from our offshore fields in Gabon. We are presently conducting additional operations to ascertain the size o...

7Nov

By Africa BusinessNo Comments

African News

Sarama Resources announces $500,000 private placement

TSX-V Ticker: SWA SWA.WT VANCOUVER, Nov., 2012 /PRNewswire/ - Sarama Resources Limited ("Sarama" or the "Company") announces a private placement (the "Private Placement") for the issuance of 555,556 units (the "Units") at a price of $0.90 per Unit to raise gross proceeds of approximately $500,000. Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each such whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.20 at any time prior to 5:00 p.m. (Toronto time) on October 17, 2014. The Private Placement will be conducted on a non-brokered basis and is subject to regulatory approval. The proceeds of the Private Placement will be used principa...

7Nov

By Africa BusinessNo Comments

African News

High-level Seychelles delegation and ProgressSoft at Connected World Forum

after nationwide mobile money launch 1000+ mobile lifeline experts gather in Dubai this month The global payment solutions giant ProgressSoft will share details of the countrywide roll-out of its mobile payment solution in the Republic of Seychelles at the upcoming Connected World Forum in Dubai from 20-21 November. ProgressSoft CEO, Mr. Michael Wakileh, the Seychelles Minister of Finance, Trade & Investment, H.E. Mr. Pierre Laporte and the Governor of the Central Bank of Seychelles, H.E. Ms. Abel, head up a distinguished list of more than 100 leading industry experts who will address the conference while some 70 exhibitors will display the latest lifeline technology and services. More than a thousand lifeline services experts will gather for the Connected World Forum, whi...