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Africa Business Economy Education Entertainment General 

Most Influential People of African Descent under 40 honored in New York City

NEW YORK CITY, September 2017,-/African Media Agency (AMA)/- Closing out the 72nd Session of the UN General Assembly week by recognizing the Most Influential People of African Decent (MIPAD). MIPAD, a global civil society initiative, honored high achievers of African Descent under the age of 40 from over 48 countries worldwide. Notables and key power players came together from around the world in celebration at the prestigious, One UN Millennium Hilton Hotel in New York City. Ndaba Mandela, Brazilian actress Taís Araújo and Stephanie Busari of CNN Africa In support of…

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Africa Business Economy 

Senegalese President Sall Hails Africa50’s Cooperation with Senelec to Develop the Malicounda Power Plant

At its second annual Shareholders Meeting in Dakar on September 12, Africa50, the infrastructure fund for Africa, signed a development agreement with Senelec, Senegal’s electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda. Together, the consortium will secure financing and supervise construction and operation of the plant. The plant, situated in Mbour department 85 km from Dakar, will initially run on fuel oil, but can be converted to natural gas when this becomes available from recently discovered gas…

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Africa Business Economy 

END OF ROAD FOR LOW-COMMITMENT INVESTMENTS IN AFRICA SOUTH AFRICA NO LONGER AUTOMATIC COUNTRY OF CHOICE

Global multinationals seeking to invest in Africa are no longer automatically opting to first dip their toes in South African waters before spreading their wings to the rest of the continent, but are increasingly setting up shop directly in the market they wish to enter. “From the briefs we are receiving, it is clear that global companies expanding into Africa no longer favour South Africa as the obvious port of entry,” says Debbie Goodman-Bhyat, CEO of Jack Hammer, rated as one of the top 3 executive search firms in South…

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Africa Business Economy Featured General 

FIRST ATLANTIC BANK ANNOUNCES INVESTMENT BY AFIG FUNDS, A LEADING AFRICAN PRIVATE EQUITY FUND MANAGER

ACCRA, Ghana – September, First Atlantic Bank (FAB) announced  that ti has finalized an agreement with Advanced Finance and Investment Group (AFIG Funds), manager of AFIG Fund II (“Fund II” or the “Fund”), for an investment in the Bank. The Fund’s investment is subject to regulatory approval. First Atlantic Bank is a full-service universal bank in Ghana which has been proving a wide range of banking services to retail and corporate clients for over 20 years. Since First Atlantic Bank’s transformation from a merchant bank to a universal bank in…

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Africa Business Economy Featured General 

Desalination? Africa should rather manage its water resources better

Access to clean water in the future is by no means certain for many regions in Africa. These include semi-arid regions like the Western Cape of South Africa, where droughts are predicted to intensify under climate change, and wetter countries like Nigeria, where many water resources are polluted. Population growth, industrialisation and pollution will also add to the problem for people needing clean water. South Africa has recently experienced one of the worst droughts on record. In particular, the levels of dams in the Western Cape have been dropping alarmingly….

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Africa Business Economy General Social 

Africa Business Radio launches new show to unpack Africa’s reputational challenges and opportunities.

  JOHANNESBURG, South Africa, 5 September 2017,-/African Media Agency (AMA)/-Talking to Africa is a new show on Africa Business Radio (ABR) that will be making its debut on Wednesday, 27th September. The show will broadcast on Wednesdays at 3pm with repeats on Thursdays and Mondays at 9am SAT. The objective of Talking to Africa is to discuss the narrative of Africa: what it currently is, who shapes it, how it impacts the continent’s development and what can be done to ensure Africans own their own storytelling tools and platforms. Following…

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Africa Business Economy Featured General Technology 

IOX Cable announces its plans to connect La Reunion

PORT LOUIS, Mauritius, 5 September 2017-/African Media Agency (AMA)/- IOX Cable today announced that they will be expanding their reach to now Include La Reunion as part of its construction of a new state of the art Submarine Cable System. This initiative is an expansion to the planned IOX cable system to connect South Africa to India and Asia. This connectivity will offer new routes and redundancy between La Reunion, South Africa and India. Through this expansion IOX will further its regional strategy of promoting regional economic development across the Indian…

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Adverts General 

Minimalist design, luxurious size define the new GROHE Rainshower

LAGOS, Nigeria, September 5, 2017/ — New generation of GROHE Rainshower 310 2-Jet head showers for stylish bathrooms Perfect combination with GROHE SmartControl Concealed Cosmopolitan Premium design in different variants While some types of shower gently caress the skin like a summer rain, others give an invigorating massage. The new GROHE (www.GROHE.com) Rainshower 310 2-Jet showers combine the best of both worlds for a thoroughly satisfying shower every time. Moreover, the juxtaposition of an extra-large shower head with a slender shower arm introduces an exciting design language into the bathroom….

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Africa Business Economy General 

TMT Finance Africa in Cape Town event announced for March 2018

CAPE TOWN, South Africa, September 5, 2017/ — TMT Finance (www.TMTFinance.com), the global telecom, media and tech investment news and events provider, has announced the launch of the inaugural TMT Finance Africa in Cape Town (www.TMTfinance.com/capetown), South Africa conference on March 15, 2018. The senior executive only conference, supported by Standard Bank and IFC (World Bank Group), will gather key leadership from telecom, media and technology companies, global and regional financial institutions, government representatives, investors, professional and legal advisers to assess the best opportunities for co-investment and partnership across Africa….

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General 

Merck Foundation commits to long term partnership with Government of Uganda in building healthcare capacity

KAMPALA, Uganda, September 5, 2017/ — Merck Foundation Supports the First Public IVF and Fertility Center in Sub-Saharan Africa, Established in Uganda Merck Foundation commits to build cancer care capacity and support Uganda Cancer Institute as a center of Excellence for East Africa Merck Foundation (www.Merck-Foundation.com), a non-profit organization, and a subsidiary of Merck KGaA underscored their commitment to long term partnership with Government of Uganda to build healthcare capacity with special focus on diabetes, cardiovascular diseases, infertility and cancer. During the high-level meeting between His Excellency Prime Minister of…

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