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The Gauteng Province and GE Sign Memorandum of Understanding to Advance Economic Development

Under the MoU, GE and the Office of the Premier will work together to identify critical areas for collaboration and leverage on the vast economic opportunities within the Gauteng Province JOHANNESBURG, South Africa, October 13, 2017/ — The MoU covers collaboration in the Energy and Healthcare sectors. Through the collaboration, GE will support the Premier’s Office’s “Tshepo 1 Million” youth empowerment programme, which focuses on creating employment and entrepreneurship opportunities for the Gauteng youth. The Gauteng Province (www.Gauteng.gov.za) and GE (www.GE.com) have signed a Memorandum of Understanding (MoU) to collaborate on…

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4th World Forum on Local Economic Development: African Local Governments to examine the informal economy and climate change

The theme of the 4th edition is, “The contributions of local economic development to the implementation of the 2030 development program” RABAT, Morocco, October 13, 2017/ — The City of Praia (Cape Verde) will host the 4th World Forum on Local Economic Development (LED), October 17-20, 2017. Over 1,500 participants from 120 countries are expected to attend the meeting organized by UNDP (United Nations Development Program); UCLG (United Cities and Local Government); ILO (International Labor Organization); FAMSI (The Andalusian Fund of Municipalities for International Solidarity); and ORU-FOGAR. UCLG Africa (http://APO.af/RHgtRo),…

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Africa Business Economy General Technology 

Global leader in online gaming selects Angonix, Africa’s third largest IXP

Angola’s largest IXP welcomes i3D.net as its first remote peering customer LUANDA, Angola, October 13, 2017/ — Angonix (www.Angonix.net), Angola’s largest Internet Exchange Point (IXP), today welcomed i3D.net as its first remote peering customer. i3D.net is a managed hosting provider specialising in online gaming that hosts tens of millions of players for game publishers on the Microsoft Xbox and Sony PlayStation networks. i3D.net joins 17 other companies at Angonix, Africa’s third largest IXP. According to Darwin Da Costa, project manager at Angonix: “With the Remote Peering services from Angola Cables,…

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The new kids on the blockchain, Modex, announces Initial Coin Offering in Financial Times Arab Banking and Finance report today

Modex is building on its existing fintech payment application, Moneymailme. The app will be used to deploy smart contracts and crypto currencies alongside traditional currencies to create a robust, borderless social payment ecosystem   Borderless social payment ecosystem is in particular high demand in emerging and frontier markets across Africa, the Middle East, and Asia LONDON, United Kingdom, October 13, 2017/ — Following the Jamie Dimon’s strange rebuke of crypto currencies and Lloyd Blankfein’s ambiguous tweet about still making up his mind on the future of blockchain the enfant terrible. Modex,…

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Africa Business Economy Featured General 

Best Ideas to Invest in Gold

In the modern world, many people invest in Gold. Unlike other invest options, Gold investments are consider to be resistant to financial fluctuations. The securities and money markets tend to keep fluctuating and it is becoming more difficult to predict the value of stocks. The Gold assessment on the other hand tends to be more stable with little fluctuation. This may be the reason why many people turn to investing in Gold as opposed to other investment options. The two most common types of Gold investments are Gold Bullion Coins…

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Africa Business Economy General Technology 

Off-grid Solar set to triple in Africa

The IEA has found that the amount of power from solar grew by more than 50%, and has officially increased energy output globally at a faster rate than any other fuel LAGOS, Nigeria, October 6, 2017/ — Off- grid solar will bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa A new report has confirmed that Solar is now the fastest growing energy source in the world, and is making a major impact in Africa. The International Energy Agency’s 2017 report (http://APO.af/inLXNs) on renewables…

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Business Economy General Technology 

Hilton Launches Africa Growth Initiative

Initiative expected to add 100 properties to its portfolio over the next five years MCLEAN, United States of America, October , 2017/ — Hilton (http://Newsroom.Hilton.com) (NYSE: HLT) has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio. These funds are intended to support the conversion of around 100 hotels (roughly 20,000 rooms) in multiple African markets into Hilton branded properties, namely into its flagship Hilton Hotels & Resorts brand, the upscale DoubleTree…

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Africa Business Economy General 

Taking an intelligent approach to Africa’s promising mobility revolution

Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa is bracing itself for a transport revolution as more countries embrace the onset of new technology JOHANNESBURG, South Africa, October 5, 2017/ — Electrification, automation and digitalization of existing infrastructure gives citizens access to safe, reliable and efficient modes of transport Intelligent traffic systems reduce road congestion, automated rail infrastructure improves train efficiency and commuter safety Well-integrated intelligent mobility network promotes a culture of eco-friendly travel and healthier living Despite the continent’s transport infrastructure lagging behind global standards…

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Africa Business Economy Featured General 

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets JOHANNESBURG, South Africa, October 5, 2017/ — NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon…

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Africa Economy Entrepreneurship General Technology 

Oradian named Top 100 African FinTech and winner of the European FinTech Award

With operations in five countries, including Nigeria, Ghana, Liberia and Malawi, Oradian reached a new milestone of serving over one million end-clients globally in June 2017 ZAGREB, Croatia, October , 2017/ — Oradian, the fintech company from Croatia, claimed its position as a leading technology provider with both a first-place finish in the European FinTech Awards competition and a nomination as a Top 100 African FinTech company. The win at the European Fintech Awards recognises Oradian as the European leader in Innovative Banking Software designed for microfinance institutions (MFIs) and…

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