Emerging Africa: Some like it hot...........

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Comment by Eyembe Elango 17 hours ago

Tombua-Landana: Giant Project Develops Oil and Gas in Angola's Deep Water

Comment by Eyembe Elango 20 hours ago

Starwood announces plans to add 50 new hotels in Europe, Africa and the Middle East by 2012
........In Africa, Starwood is scheduled to open the new Le Meridien Oran Hotel & Convention Centre in 2010, while simultaneously completing major renovations on a number of its properties on the continent as part of the overall brand transformation efforts. The company will also expand the presence of its Four Points by Sheraton brand in Africa this year with openings in Lagos, Nigeria and in Tripoli, Libya.
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Comment by Eyembe Elango 1 day ago

Call of the Frontier- From Asia, Into Africa
........To give you an idea of Africa’s potential: South Africa’s MTN, the continent’s biggest operator, estimates that Africa’s total cellular phone penetration is now about 42%. Meanwhile, the Telecom Regulatory Authority of India estimates that the subcontinent’s registered user base is just under 47%.

So, whichever way you look at it, the potential is enormous. Moreover, average revenue per user (Arpu) is far higher in Africa than it is in India, but that may be a function of a more muted competitive landscape compared with India, where cutthroat competition has eroded revenues and margins in recent years. Still, Zain’s Arpu of US$8.20 in Africa appears to be much higher than Bharti’s Arpu of US$5 in India.
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Comment by Eyembe Elango on March 17, 2010 at 10:58pm

Vodafone gives $1 million to train web entrepreneurs in Africa
The Vodafone Group, the world’s leading mobile telecommunication company, has earmarked one million US dollars for the training of entrepreneurs in Africa to leverage the World Wide Web as a platform for delivering locally relevant content, applications and services.

A statement signed by Mr Isaac Cudjoe, Head of Corporate Communication, Vodafone Ghana, said the company would make a formal presentation to World Wide Web Foundation (Web Foundation), a nonprofit organization dedicated to advancing the Web to empower people in London, on Wednesday, March 17, 2010.
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Comment by Eyembe Elango on March 17, 2010 at 6:19am

Emerging financiers increase African investment
Detailed findings of the report include the sizeable investment commitments made by the nontraditional financiers to sub-Saharan Africa’s infrastructure in helping to fill annual needs, estimated at $22-billion by the Commission for Africa. China’s financing investments in Africa started from a low base, less than $1-billion a year before 2004, but rose to over $7-billion a year in 2006, and dipped to $4,5-billion a year in 2007.

China has also committed $3,3-billion for ten projects that could potentially boost sub- Saharan Africa’s hydropower generation by 30%, or 6 000 MW of installed capacity. The Far East country is financing the rehabilitation of 1 350 km of railway and constructing 1 600 km of new railway lines across the region, an important contribution to the continent’s existing 50 000-km rail network. Nearly 70% of Chinese investments are concentrated in Angola, Nigeria, Ethiopia and the Sudan.
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Comment by Eyembe Elango on March 15, 2010 at 9:36am

Daiichi eyes Ranbaxy for expanding in Africa, Latin America
Japanese pharma major Daiichi Sankyo has drawn up a major business plan for the next two years under which it intends to better synergise its operations with its Indian arm Ranbaxy Laboratories and expand in Africa and Latin America.

.................."Daiichi Sankyo and Ranbaxy will collaborate in fast-growing emerging markets and fully deploy the hybrid business model," the company said, adding: "It will also expand its presence in African and Latin American markets."
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Comment by Eyembe Elango on March 14, 2010 at 11:28pm

Africa Service: Feeder systems reach deep into the continent
Shipping to and from Africa is easy and reliable with Maersk Line’s extensive service network and frequent sailings. An expanded feeder system reaches key markets on both coasts and is second to none in terms of size and scope.

Service features:

East Africa
* In 2009, direct service from Houston and Norfolk to Djibouti on alternating weeks with U.S. Flagged service. Service to and from East Africa is routed on the MECL1, MECL2 and WestMed from the U.S. East and Gulf Coasts. Transshipment from MECL1 and MECL2 to East Africa takes place in Jebel Ali. WestMed cargo includes an extra transshipment via Algeciras.
* Maersk Line also utilizes the Transpacific network to provide all-water service to East Africa from the U.S. West Coast via transshipments in Asia.
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Comment by Eyembe Elango on March 14, 2010 at 9:54pm

Bond issue by Tecnicil property developer on Cape Verde exchange beyond expectations
The placement of a bond issue by Cape Verde's Tecnicil tourism property company has surpassed expectations, the president of the island country's stock exchange stated.

Verissimo Pinto told Portuguese news agency Lusa on Friday that he had been to Lisbon twice to present the operation. The entire emission of more than 1.1 million bonds with a face value of 1,000 escudos (9.06 euros) was placed and will pay interest set at 7.5 percent per year, he said.

.............Tecnicil is the biggest company with private Cape Verdean capital operating in tourism property development. It aims to use the issue to finance construction of the Vila Verde Resort in Santa Maria on Sal Island, which will be the first urban-style tourism complex with a full range of infrastructures on that island.
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Comment by Eyembe Elango on March 14, 2010 at 8:20am

Cape Verdean government wants to create “cybernetic island” with help from India
he government of Cape Verde wants to turn the Archipelago into a “cybernetic island” and to do this will be supported by India, specifically in creating a technological hub, Cape Verde’s Foreign affairs Minister said Tuesday in Praia.

José Brito was summing up his recent visit to New Delhi, where the support of the Indian authorities for a technological hub, in the capital Praia, was granted. The project is expected to cost US$25 million.

According to Brito, for now India has provided US$5 million, but is available to provide further funding after studying the project, which will happen in January of next year, when a technical mission is due to arrive in Praia.
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Comment by Eyembe Elango on March 14, 2010 at 1:04am

"Nano will be brought to Africa"-From India, at the right price

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