square Archives - AfricaBusiness.com

22Apr

By Africa BusinessNo Comments

Africa Travel, African News, Nigeria News

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by CarlsonSM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com The Carlson Rezidor H...

17Nov

By Africa BusinessNo Comments

African News, South Africa News

Affordable housing rental market looks increasingly attractive

The South African residential market offers an attractive opportunity in the affordable housing rental segment largely driven by low and middle income earners who do not qualify for bonds and increased demand for housing located closer to areas of economic opportunity. Gerhard Zeelie, Head Real Estate Finance (Residential) at Standard Bank South Africa, says: "Investors who select good locations, efficiently manage their assets and look after their tenants can reap good returns from affordable housing rentals. Rentals in the affordable housing rental market can typically offer returns of between 8.5% and 9% after tax, assuming conservative gearing and taking moderate capital ...

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 ...

11Oct

By Africa BusinessNo Comments

African News

Altai Technologies Connects One of the Largest Townships in South Africa with Super WiFi Solution

HONG KONG, Oct. 11, 2012 /PRNewswire/ -- Altai Technologies Limited today announced that a leading wireless internet service provider in South Africa, e-Mbizo, has selected Altai Super WiFi Solutions to provide wireless connectivity in Tembisa, one of the largest townships in South Africa. In Tembisa, e-Mbizo has deployed Altai A8 Super WiFi Stations to provide large area outdoor WiFi coverage as well as C1 Super WiFi CPE's to provide indoor coverage and extend the outdoor coverage. In addition, it has deployed Altai A2 for backhaul links across the town. The wireless network covers the major areas of Tembisa to provide high speed and affordable WiFi connectivity across the district. Mr. Thabo Malebadi, Group CEO of e-Mbizo said, "After a lengthy and in-depth research of numero...

10Oct

By Africa BusinessNo Comments

African News, South Africa News

SA fanatical gamers are in for more entertainment

By Thandisizwe Mgudlwa Oh ye! South African gaming solution is responding to high demand from fanatical gamers. And this week, gamers are to benefit from a niche product from South African hosting solution provider, Openweb. Reports show that the launch of its new 4MB and 10MB Uncapped Gold Solution positions itself square in the heart of SA gamers, answering a genuine local need for the type of reliability and bandwidth demanded in supreme quality gaming. Keoma Wright, Openweb CEO, explains: "The contention ratio is why Gold Uncapped works so well. We keep contention low and prioritise traffic for gaming. Latency can make or break a gamer - if your ISP doesn't add a priority flag on your gaming traffic, even if your gaming connection seems to be working well, you won't stan...

8Oct

By The African Press OrganizationNo Comments

African News, Sierra Leone

The Parliament of Sierra Leone has ratified the award of offshore exploration blocks for ODYE Limited with partners, Chevron and Noble Energy

“The two exploration blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). (CNW Group/ODYE Limited)”. LONDON, Oct. 8, 2012 /PRNewswire via African Press Organization (APO)/ — ODYE Limited (“ODYE” or the “Company”) is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 and SL 8B-10, along with its partners, Chevron and Noble Energy. ODYE’s 100% owned subsidiary, ODYE (SL) Limited, has signed a petroleum license with Sierra Leone’s Minister of Finance on 21 Septembe...

26Jul

By Africa BusinessNo Comments

African News

Business in Africa is booming. But are the commercial laws strong enough to sustain long-term growth ?

An authoritative introduction to the commercial laws being instituted in West and Central Africa through the OHADA harmonization process is published in London this week. Source: IEDP Unified Business Laws for Africa: Common Law Perspectives on OHADA is now available from IEDP. (PRWEB UK) 20 July 2012 The World Bank has just approved an International Development Association (IDA)* US$15 million technical assistance grant to strengthen OHADA's institutional capacity to support, in its member countries, selected aspects of investment climate reforms, including improved corporate financial reporting. President Kabila of the Democratic Republic of Congo has just signed the instruments of ratification of the OHADA treaty and OHADA will become the applicable law in DRC on Sept ...

24Jul

By Louis BararmnaNo Comments

African News, Togo News

Togo / Tourism: bar restaurant “Manchester United” opened

The tourism landscape Togo recorded a newborn. This is the bar-restaurant "Manchester United" opened on July 15 in Lome in an environment well maintained by comedians and actors Togo renowned. Various personalities first and foremost the Togolese Minister of Social Action and National Solidarity Mémounatou Ibrahima, responded overwhelmingly to the invitation of the management of this jewel where the initiative comes from members of the Association of Young Farmers Modern (AJAM). By investing in this way in the tourism sector of Togo, the initiators of the bar restaurant 'Manchester United' agree to join forces and bring their stones in the development process in which Togo is firmly committed under the leadership of the Head of State of Togo Faure Gnassingbe Essozimna. '' This is also f...

10Jul

By AfricaBusiness.comNo Comments

Africa Travel, African News, Tanzania News

Four Seasons Sets Up Camp in Tanzania’s Serengeti National Park; Lodge is First of Three Launching Brand’s Sub-Saharan Expansion

Existing property to be renamed Four Seasons Safari Lodge Serengeti, Tanzania; additional new properties planned in Ngorongoro Conservation Area and on the island of Zanzibar TORONTO, July 10, 2012 /PRNewswire-USNewswire/ -- Four Seasons Hotels and Resorts has signed a long term management agreement with the owners of Bilila Lodge, a resort in the Serengeti National Park, and is now operating the property, which will be upgraded and renamed Four Seasons Safari Lodge Serengeti, Tanzania in fall 2012. "We have long wanted to expand into Sub-Saharan Africa and offer new outdoor adventure experiences to our guests," says Kathleen Taylor, president and CEO, Four Seasons Hotels and Resorts. "Now, we're thrilled to have an outstanding location and partners who share our vision to create a wo...