UK Archives - AfricaBusiness.com

18Jun

By Africa BusinessNo Comments

Business

Strengthening Bridges: Exploring the Dynamics of Türkiye – UK Investment Relations

The International Chamber of Commerce (ICC) in Paris is dedicated to fostering international trade and investment. Its very mission is to promote open markets, responsible business conduct, and a level playing field for enterprises worldwide, which was the vision of Étienne Clémentel when the ICC was originally founded. Today, the ICC represents over 45 million companies in more than 170 countries, including the United Kingdom and Türkiye. By providing essential services such as dispute resolution and policy advocacy, the ICC and the ICC International Court of Arbitration (ICC Court) plays a pivotal role in facilitating cross-border economic activities. This commitment is particularly relevant in the context of investment relations, where the ICC's efforts to streamline and safeguard int...

9Jan

By Africa BusinessNo Comments

South Africa News

New UK-South Africa Partnership Launched to Tackle Poverty, Unemployment, and Inclusive Economic Growth Through Innovation

South Africa has been ranked as the 13th biggest carbon dioxide emitter in the world[1]. For the country to help bring global energy-related carbon dioxide emissions to net zero by 2050, it will need to cut its emissions by approximately 60% to 75%[2]. Not only will this benefit the planet, but the people of South Africa too with up to 1.6 million additional jobs set to be created economy-wide through power sector transformation[3]. To aid with this, KTN Global Alliance Africa has now officially launched in South Africa. This is a six-year project funded by UK Aid through Innovate UK (GCRF) and Foreign, Commonwealth and Development Office (FCDO), the long-term ambition of which is to promote job creation, inclusive growth and poverty reduction through knowledge transfer, skills building a...

31Oct

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Energy, Ethiopia News, Kenya News

Underwriting facility set to energise geothermal development in Kenya and Ethiopia

FSD Africa, the UK Government’s flagship financial sector programme in Africa, and Parhelion, a UK-based specialist energy and climate risk finance advisory company, have today announced plans to launch a first-of-its-kind underwriting facility, backed by East African insurers, to de-risk early-stage development of geothermal energy projects with the capacity to significantly expand electricity access and energy sector resilience in Kenya and Ethiopia. The need The energy sectors in Kenya and Ethiopia face several systemic issues: Large numbers of people continue to live without electricity — 12.5 million in Kenya and 42 million in Ethiopia are still unconnected. Growth in energy demand is outstripping supply — Kenya’s power demand is growing 20% faster than GDP, while recent a...

24Oct

By Africa BusinessNo Comments

African News, Sierra Leone

NEW UK ROAD REPAIR COMPANY TARGETS AFRICA

Newly-formed road remediation company, Quikfix Holdings Limited, is targeting Africa with its instant road repair service. The UK-based company, which was founded only in August this year, has already incorporated a subsidiary business in Sierra Leone in view of securing a five year contract with the government to carry out nationwide repairs to the numerous potholes which blight the country’s economic development. Quikfix has identified similar problems in many other African countries and is currently introducing its turnkey supply and repair service to highway authorities throughout West Africa. Quikfix is licensed to manufacture Instarmac’s Emcol cold-mix technology which provides an instant, permanent repair without the need for heating or road closures. The company plans t...

19Jul

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African News

5bn Euros Spent on Fairtrade Products in 2011

5 Billion Euros Spent on Fairtrade Products in 2011: World’s Most Recognized Ethical Label on Solid Ground in Established Markets, Taking Off in New Ones Bonn, Germany, 17 July 2012. Women, men and children around the globe spent almost 5 billion euros (€4.9bn, US$6.6bn) on Fairtrade certified products last year, according to figures released today by Fairtrade International. “Fairtrade is the norm for millions of people. It is a part of the regular weekly shopping. And now sales of Fairtrade certified products are taking off in new countries, as entirely new groups of people discover Fairtrade for the first time,” said Tuulia Syvaenen, Executive Operations Officer at Fairtrade International. In Fairtrade’s biggest market, the UK, shoppers spent 12% more on Fairtrade certif...

17Jul

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African News

Online ID OD: Illegal Web Trade in Personal Information Soars

LONDON, July 17, 2012 /PRNewswire/ -- Experian CreditExpert's identity web monitoring service reveals more than 12 million pieces of personal information traded online globally between January and April 2012 More than 12 million pieces of personal information were illegally traded online by identity fraudsters in the first four months of 2012, new figures from Experian CreditExpert reveal. Bespoke research* from Experian CreditExpert's web monitoring service - which helps people to quickly detect ID theft - shows that the first four months of 2012 have already outstripped the entire of 2010 when 9.5million pieces of personal information were illegally traded. Approximately 90% of the illegally traded data during January - April this year consisted of password and login combina...

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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African News

Market Rally Running Out of Steam?

LONDON, July 9, 2012 /PRNewswire/ -- June proved to be a bullish month for stock markets, with investors buying back into the market after three previous months of declines as Central Banks looked to stimulate a slowing global economy. In June, the FTSE 100 gained 251 points or 4.7%. However, having hit resistance at the 5700 level at the end of last week, will the FTSE's charge start to run out of steam? By close of play in the UK on Friday (July 6), all the major indices were firmly in the red, with the Dow Jones leading the way as it fell by over 150 points (over 1%) by 4.40pm (BST). Major indices in the UK and Europe recorded falls too, with the FTSE 100 shedding 30 points and Germany's DAX 30 sliding by over 125 points to close the week at 5662.6 and 6410.1 respectively. L...