vice president 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...

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...

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...

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...

10Oct

By Africa BusinessNo Comments

Energy, Green Energy

Annual Saudi Green Building Forum Conference to Discuss Major Green Issues

The Conference will provide a dominant platform for discussing challenges for Green Building related to 3P’s of sustainability to promote Green Building initiatives in Saudi Arabia. Riyadh, Saudi Arabia, October, 2012 --(PR.com)-- King Abdullah’s initiative, Saudi Green Building Forum (SGB FORUM), continues to lead its unshakable green mission by creating a milestone of achievements from its’ last two Conferences. The delegates and speakers are pepped up for the third annual intellectual think-tank treat which will involve Conference, Workshop, Exposition and Project Case Studies of the current year. Saudi Green Building Forum, patronage of His Royal Highness Prince Dr. Mansour Bin Miteb Bin Abdulaziz, Minister of Municipalities and Rural Affairs, will host its third annual Confer...

8Oct

By Africa BusinessNo Comments

African News

World Bank Launches New Fund to Help African Countries Negotiate Best-Possible Deals for their Oil, Gas, and Minerals

PARIS, October, 2012―With new discoveries of oil, gas, and other minerals generating a wave of significant mineral wealth in African countries, the World Bank today launched a new fund to help countries on the continent level the playing field and ensure equitable deals in their natural resource contracts with international companies. With Africa holding 15% of the world’s oil reserves, 40% of its gold, and about 80% of the platinum group of metals, natural resources represent important development opportunities for the continent. For example, oil production has been growing steadily in Africa, and is expected to continue to rise at an average rate of six percent per year for the foreseeable future. At the 40th Anniversary Meeting of the Zone Franc Monetary Union in Paris today, attended b...

23Jul

By Africa BusinessNo Comments

African News

KEMET Highlighted in GAO Report on Conflict Minerals

GREENVILLE, S.C., July 23, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that it is positively cited in the U.S. Government Accountability Office (GAO) report Conflict Mineral Disclosure Rule: SEC's Actions and Stakeholder-Developed Initiatives (GAO-12-763). This report highlights KEMET's "Making Africa Work" initiative of establishing a "closed-pipe" supply chain for responsible sourcing of tantalum from Katanga Province in the Democratic Republic of Congo (DRC). (Photo: http://photos.prnewswire.com/prnh/20120723/CL44445 ) "Addressing both the social and economic health of the local mining communities in the DRC is a critical step in resolving its l...

22Jul

By The African Press OrganizationNo Comments

Republic of Côte d'Ivoire (Ivory Coast)

World Cocoa Foundation and First Lady of Cote d’Ivoire Partner to Improve Cocoa Communities

Agreement Provides for Social and Economic Support [19-July-2012] WASHINGTON, July 19, 2012 /PRNewswire/ — The World Cocoa Foundation (WCF) and the office of Dominique Ouattara, first lady of Cote d’Ivoire, announced today an agreement to develop and implement educational and vocational training programs to benefit cocoa farmers and their families in Cote d’Ivoire. The three-year agreement is valued at $3.6 million and will benefit more than 12,000 Ivorians through successful WCF educational programs that are active in the country and in other West African countries. The agreement was signed in a ceremony today in Washington by First Lady Dominique Ouattara and Bill Guyton, president of the World Cocoa Foundation. The collaboration expands access to quality universal basic e...

20Jul

By Sanday Chongo KabangeNo Comments

African News, Ethiopia News, Ghana News, Kenya News, Nigeria News, South Africa News

Ethiopian Airlines buys additional plane for US$276 million

By Sanday Chongo Kabange (ABN) HONG KONG - Ethiopian Airlines has ordered an additional 777-200LR aircraft valued at US$276 million from Boeing, bringing the number of similar planes to six. The Addis Abba-headquartered carrier is to add an additional aircraft to its fleet, less than two months after two plane crashes in Ghana and Nigeria notched up the question of aviation safety in Africa. The 777 is Boeing's second-biggest plane, with 321 seats as flown by Ethiopian Airlines, which already has five of them. "The 777-200LR has been a fantastic airplane for Ethiopian Airlines," Tewolde Gebremariam, Ethiopian Airlines chief executive said in a news release. “This additional airplane will let us take full advantage of the performance and economics of this great airplane." The 777-200...

16Jul

By AfricaBusiness.comNo Comments

African News, Ethiopia News, Kenya News

World Bank Approves New Power Transmission Line between Ethiopia and Kenya to Boost Electricity and Economic Growth in East Africa

Washington, July 12, 2012 – The World Bank’s Board of Executive Directors today approved the Eastern Electricity Highway Project, which will connect Ethiopia’s electrical grid with Kenya’s, create power- sharing between the two countries, reduce energy costs, promote sustainable and renewable power generation, better protect the region’s environment, and pave the way for more dynamic regional cooperation between the countries of East Africa. The new project marks the first phase of a regional East Africa power integration program which is likely to cost US$1.3 billion at completion, eventually benefiting 212 million people living in five countries with a combined GDP of US$107 billion. Together with the Governments of Ethiopia and Kenya, the African Development Bank (AfDB), and ...