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October 2010 Blog Posts (11)

MSCC Hosts the Second Annual Together for a Better Africa Conference

Mediterranean Smart Cards Company (MSCC), the leading electronic payment processing company, recently hosted nearly 150 high-ranking delegates from across Africa to the "Together for a Better Africa 2010" conference in Sharm El Sheikh. After its evident success last year, the annual conference is quickly becoming the continent's premier forum for showcasing payment card industry innovations, sharing case studies from Africa's diverse technology markets, and discussing the future of the industry… Continue

Added by Linda Larbie on October 28, 2010 at 2:32pm — No Comments

Verizon Expanding IP Network Coverage to Multinationals in Africa

Multinational corporations can take advantage of a new network alliance Verizon has formed with Gateway Business Africa that will expand Verizon Business Private IP network capabilities in several African countries.

The agreement allows Verizon Business to leverage Gateway Business' network presence and extend coverage of the Verizon multiprotocol label switching (MPLS) network to an additional 14 pan-African countries by using interconnection points between the companies' networks.… Continue

Added by Linda Larbie on October 26, 2010 at 2:57pm — No Comments

African Women in Business Challenge 2010-2011 is now open

The sector competition organised by BiD Network opens in its second edition. Women entrepreneurs from all African countries are invited to submit their plan applications.

The Women in Business Challenge, a business plan competition to support women entrepreneurs in the development of small and medium sized enterprises (SMEs) in developing countries, is organized… Continue

Added by Bas Vlugt on October 26, 2010 at 12:55pm — No Comments

MTN South Africa Launches the new Blackberry Torch Smartphone in South Africa

Combines New Touch Screen Experience with Easy-To-Use Keyboard First to Feature New BlackBerry 6 with Rich WebKit Browser Johannesburg, South Africa – MTN South Africa today launched the new BlackBerry® Torch™ 9800 smartphone in South Africa. Ideal for socially connected consumers and packed with the tools business customers love, the new handset offers elegant styling with top-of-the-line features and functionality.

It’s the world's first smartphone to combine a BlackBerry® keyboard… Continue

Added by Linda Larbie on October 25, 2010 at 4:05pm — No Comments

Response to MTN Zakhele BEE Public Offer exceeds expectations

Response to the MTN Zakhele Offer has significantly exceeded expectations. In terms of the MTN Zakhele offer, which closed at 16H00 on 14 October 2010, an invitation was made to the Black public (individuals and groups) to subscribe for approximately R1,6 billion worth of shares in MTN Zakhele.

The offer was more than 1.7 times subscribed and raised approximately R2.8 billion from more than 124,000 applicants from across South Africa. The majority of the applications were received in… Continue

Added by Linda Larbie on October 21, 2010 at 6:36pm — No Comments

Zain announces healthy financial results for first nine months of 2010

Zain today announces its Group consolidated financial results for the first nine months, ending 30 September 2010. The results showed a healthy growth in several key performance indicators:

Nine months 2010 Key Performance Indicators (Kuwaiti Dinars & USD)

Total Managed Active Customers

35.3 million up 25% on Sept 2009

Consolidated Revenues

KWD 1.01 Billion (US$ 3.5 billion)

EBITDA (margin 44%)

KWD 448 million (US$ 1.55… Continue

Added by Linda Larbie on October 15, 2010 at 6:51pm — No Comments

Econet Mobile to sponsor this year’s annual Ndoro Children’s Charities Fundraising Gala

Econet Mobile has confirmed its agreement with Ndoro Children’s Charities to sponsor this year’s annual Ndoro Children’s Charities Fundraising Gala at the Millennium Gloucester Hotel, London, on Saturday 30 October.

The evening promises to be a truly memorable one, with headline US act Sister Sledge leading the line-up and West Ham and England striker Carlton Cole plus model and fashion entrepreneur Caprice attending, among others.

Econet Mobile CEO Marco Signorini… Continue

Added by Linda Larbie on October 14, 2010 at 6:01pm — No Comments

Increased offer to acquire Comztek

Datatec Limited, the international Information and Communications Technology group, announced on 2 September 2010 that it had made a conditional offer to acquire 100% of the share capital of Comztek Holdings, a South African registered company, for a total consideration of R97 million. 41.84% of Comztek is owned by Mustek Limited.

Datatec has satisfactorily completed the due diligence process in relation to this conditional offer and has increased its offer to R101 million. The… Continue

Added by Linda Larbie on October 13, 2010 at 6:16pm — No Comments

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Added by Isaac Boateng on October 12, 2010 at 6:45pm — No Comments

AfDB Leverages Infrastructure for Internet Access - Approves USD 50 Million Loan for Satellites and Ground Infrastructure

The Board of Directors of the African Development Bank (AfDB) has approved a USD 50-million loan to finance the design, construction, launch and operation of a scalable equatorial constellation of Middle Earth Orbit satellites and associated ground infrastructure to provide broadband internet access to some 3 billion underserved people in emerging countries including those in Africa.

"The Other 3 Billion" (O3b) project, designed exclusively for emerging markets where absence of… Continue

Added by Linda Larbie on October 8, 2010 at 6:22pm — No Comments

MTN Group appoints new Vice President for the SEA Region

The MTN Group is pleased to announce the appointment of Mr Ignatius Sehoole as Vice President for the South and East Africa (SEA) Region, effective November 1, 2010. He will take over from Mr Tim Lowry whose contract with MTN ended in June this year.

Sehoole comes to the MTN Group from PricewaterhouseCoopers (PwC), where he was Joint Deputy Chief Executive. He also served on the PwC Executive Committee and was responsible for the integration of PwC’s operations across the African… Continue

Added by Linda Larbie on October 6, 2010 at 5:10pm — No Comments

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