Topic: Business

Offshore West Africa Advisory Board meet to discuss Conference topics

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24-26 January 2012 – International Conference Centre, Abuja, Nigeria The Offshore West Africa Advisory Board have announced a good response to their Call for Abstracts for the 2012 Conference, which will see the event return to Abuja, Nigeria between 24 ¡V 26 January 2012. With a Call for Abstracts deadline of 27th May 2011, the Preliminary Conference Program is taking shape, with abstracts still currently being received. At the recent Advisory Board meeting in Houston, USA, it was agreed that the structure of the conference program will follow a similar schedule to that used at Offshore West Africa 2011, with... Continue Reading

Africa’s middle class grows faster – report

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By Kizito Makoye in Dar es Salaam – The number of middle class Africans has astoundingly risen to 313 million people- slightly over34% of the continent’s entire population, according to a new report from the African Development Bank (AfDB). Titled, The Middle of the Pyramid: Dynamics of the Middle Class in Africa, the report suggests the rise in purchasing power is due to strong economic growth, and a move towards a stable, salaried job culture and away from traditional agricultural activities. AfDB report defines Africa’s middle class as people spending between $2 and $20 a day at 2005 market price;... Continue Reading

Gambia: Standard Chartered Bank registers outstanding growth in profit

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By Gambian Correspondent – Standard Chartered Bank has delivered outstanding results for its financial year ended 31 December 2010, against “uncertain and sometimes difficult global economic environment” in an intensely competitive domestic market. The bank’s profit and loss account and balance sheet made clear its outstanding performance for the year key among which are its profit before tax, which increased by 112% from D78 million in 2009 to D166 million in 2010; operating income by 28% from D323 million in 2009 to D415 million in 2010; total assets by 13% from D2.6 billion in 2009 to D2.9 billion in 2010;... Continue Reading

Gambia: Pristine Consulting sues Gambia Gov’t

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By Gambian Correspondent – Pristine Consulting Company, a local consulting IT firm contracted by the Gambia government for the production of Biometric Identity Cards, has sued the government for breach of contract at the High Court in Banjul before Justice Emmanuel Fagbenle. Pristine instituted a civil suit against the Ministry of Finance and Economic Affairs, as 1st defendant, and the Attorney General and Ministry of Justice, as 2nd defendant. The company is, among others, claiming US$437,798.00 (four hundred and thirty seven thousand seven hundred and ninety eight US dollars) being infrastructure costs agreed to be paid in a contract between... Continue Reading

PennWell Corporation announces launch of new POWER‐GEN Africa event

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Conference & exhibition focused on sub‐Saharan Africa to provide Global Technology for Local Solutions 6‐8 November 2012, Sandton Convention Centre, Johannesburg, RSA PennWell Corporation has announced the launch of a new POWER‐GEN conference & exhibition to be held in Johannesburg, Republic of South Africa on 6‐8 November 2012, called POWER‐GEN Africa. POWER‐GEN Africa joins PennWell’s existing network of leading POWER‐GEN events including POWER‐GEN International, POWER‐GEN Europe, POWER‐GEN Asia, POWER‐GEN Middle East and POWER‐GEN India & Central Asia. This event will be owned and managed by PennWell, and supported by Power Engineering International (PEi), Renewable Energy World and Cogeneration & On‐Site... Continue Reading