Wednesday, September 3, 2014

Private Equity Investments into Africa Increased by 136% in 2013

 Karen Breytenbach, Head: IPP Office

Private equity investments into Africa were up by 136% in 2013 (with a huge chunk of that going to power and infrastructure projects).




PRESS RELEASE


Investors and developers to gather in Cape Town to discuss financing options for power projects across Africa


The 8th Annual Powering Africa: Finance Options Meeting will return to Cape Town from 30-31st October

CAPE-TOWN, South-Africa, September 3, 2014/ -- As Africa’s demand for power generation continues to outstrip supply, the question of how to finance the future of Africa’s power sector looms large. Prospective investors must fully understand the latest developments in Africa’s finance sector in order to launch successful projects and build long term relationships with local government.


Photo 1: http://www.photos.apo-opa.com/index.php?level=picture&id=1335 (Karen Breytenbach, Head: IPP Office)


Private equity investments into Africa were up by 136% in 2013 (with a huge chunk of that going to power and infrastructure projects). Pension funds and sovereign wealth funds are also increasingly looking into long term power projects to fund, with lenders working hard to develop debt financing models to keep up with Africa's power market.

The 8th Annual Powering Africa: Finance Options Meeting (http://www.poweringafrica-finance.com) will return to Cape Town from 30-31st October. This pan-African executive briefing will welcome CEOs and senior-level directors to get to the heart of the issues and opportunities surrounding the financing of power projects in Africa, allowing for a limited number of participants to engage with key decision-makers through a series of open, uninhibited discussions taking place under Chatham House Rule.

The programme will focus on a series of open discussions chaired by regional experts focusing on key trends including the development of IPP programmes, financial frameworks and regulatory environments.

Confirmed speakers will include Karen Breytenbach, Head: IPP Office, National Treasury, South Africa, Moremi Marwa, Chief Executive Officer, Dar Es Salaam Stock Exchange, Peter Ballinger, Director, U.S.-Africa Clean Energy Development and Finance Centre, Overseas Private Investment Corporation (OPIC), and Waziri Bintube, Chief Financial Officer, Nigerian Bulk Electricity Trading Plc, who will present regional perspectives and case studies to open the floor for discussion.

Other confirmed speakers include:

•          Kamran Khan, Vice President of Compact Operations, Millennium Challenge Corporation

•          Professor Anton Eberhard, Management of Infrastructure Reform & Regulation, Graduate School of Business, University of Cape Town

•          Brigette Baillie, Partner, Webber Wentzel

•          Martin Kavanagh, Partner, Energy and Infrastructure Finance, Herbert Smith Freehills

•          Sakkie Leimecke, Head: Energy, Nedbank Capital

•          Keith Martin, Initiavie for Risk Mitigation in Africa, African Development Bank

•          Alastair Campbell, Managing Director, Vantage GreenX

•          Tshepo Mahloele, Chief Executive Officer, Harith General Partners*

•          Zubair Suliman, Senior Investment Manager, DEG- Deutsche Investitions- und Entwicklungsgesellschaft mbH

•          Eric Olo, Head Corporate Finance and Business Strategy, North South Power

Distributed by APO (African Press Organization) on behalf of EnergyNet Ltd.


For more information about Powering Africa: Finance Options:

Meeting dates: 30-31st October 2014
Venue: Vineyard Hotel & Spa, Cape Town
Contact: Amy Offord – Senior Marketing Executive
Tel: +44 (0)20 7384 8068

Please note that this meeting is designed for CEOs and senior-level executives from the energy and finance sectors. Places are limited to two delegates per organisation preserve the integrity of the dialogue.

*Invited but unconfirmed

SOURCE 
EnergyNet Ltd.


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Tuesday, September 2, 2014

See Senegal's Youssou N'Dour Live in Dallas!

 Youssou N'Dour meets fans in Dakar. His massive popularity makes him a powerful political ally in Senegal. Photograph: Murdo Macleod.

Youssou N'Dour and The Super Etoile is Africa's most popular live band. N'Dour is a singer endowed with remarkable range and poise.



The New York Times described his voice as an "arresting tenor, a supple weapon deployed with prophetic authority."
N'Dour absorbs the entire Senegalese musical spectrum in his work. Named "African Artist of the Century" by the England's Folk Roots, N'Dour and his band, The Super Etoile, has made his musical style "Mbalax" famous throughout the world.
The Village Voice's Robert Christgau, dean of American rock critics, has boldly called N'Dour "the world's greatest pop vocalist" and finds him "the one African moving inexorably toward the world-pop fusion everyone else theorizes about." Peter Gabriel has proclaimed N'Dour simply as "one of the best alive."

It goes without saying Youssou N'Dour is a great addition to the international artists TITAS Presents brings to Dallas.
Buy Youssou N'Dour Concert Tickets Here!

 


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Monday, September 1, 2014

Tout: Bridging the Gap Between the Video-Rich and the Video-Poor



"As the web becomes a more video-centric medium there is an unnecessarily large disparity between the video-rich and the video-poor in terms of publishers," said Tout Founder/CEO Michael Downing..

Tout Launches Programmatic Video Content Exchange

Technology enables video from hundreds of leading media brands to be instantly and dynamically inserted into contextually relevant articles across the web. 


SAN FRANCISCO, Aug. 29, 2014 /PRNewswire/ -- Tout, a leading online video network, today announced the public launch of its programmatic video content exchange.

The Tout Programmatic Video Content Exchange taps into Tout's patented video data-annotation technology, originally developed at the Stanford Research Institute (SRI International) to establish contextual matches between text-based news articles across the web and relevant video that covers the same topic or story. The Tout platform analyzes hundreds of thousands of articles across its publisher partner ecosystem and once a match is established, the technology dynamically inserts a video embed into the body of the article.

Leading media brands across news, sports, entertainment and lifestyle pump thousands of videos daily into the Tout video content exchange. Publishers in turn have the ability to either manually or programmatically embed the videos into their websites and earn a revenue share from the advertisements that run against the video views generated.

"As the web becomes a more video-centric medium there is an unnecessarily large disparity between the video-rich and the video-poor in terms of publishers," said Tout Founder/CEO Michael Downing. "The Tout platform reduces this disparity by programmatically inserting the highest quality video into articles across news, sports, entertainment and lifestyle at an unprecedented scale – regardless of the size of the publisher. The ease and efficiency of matching and rendering contextual videos in articles will drive an unparalleled level of high engagement, in-article video supply and revenue."

Publishers who sign on to the Tout video content exchange will have highly relevant video sourced either from their own in-house video contributors or from the broader content exchange's leading media brand partners. Publishers implement the dynamic video embed via a simple process, retain complete editorial control and can customize the programmatic engine to prioritize or merchandise specific content. More than 500 leading media brands participate in the Tout content exchange today including The Wall Street Journal, People Magazine, Sports Illustrated, CBS, Reuters, The Weather Channel and many more.

About Tout
Tout is a next-generation video network that counts over 500 leading media brands across news, sports and entertainment as platform customers. The Tout platform enables top tier media brands and publishers to create, distribute and monetize their video content more effectively in a fast changing landscape. The Tout programmatic video content exchange and patented Annotatortechnology seamlessly match highly relevant video to text-based articles across the web – creating unprecedented distribution opportunities for video creators and entirely new revenue opportunities for publishers. To learn more go to http://www.tout.com
 
For more information contact:Veronica Skelton
The Concept Agency for Tout
415.342.3435
veronica@conceptagency.com
Logo - http://photos.prnewswire.com/prnh/20140829/141406

SOURCE Tout
RELATED LINKS
http://www.tout.com

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Friday, August 29, 2014

MasterCard-branded National eID Card Launched in Nigeria

 Nigerian President Goodluck Jonathan (left) makes a transaction on a MasterCard Point of Sale device using his National eID card, at the official launch of the eID card in Abuja, Nigeria today. He is joined by Daniel Monehin, Division President, Sub-Saharan Africa, MasterCard (top left) and Barr. Chris E. Onyemenam, Director General and CEO of the National Identity Management Commission (right).
 
MasterCard-branded National eID Card Launched in Nigeria

Nigerian President Goodluck Jonathan receives his National eID card, signaling the start of Africa's largest financial inclusion program
To tweet this news: Nigerian President Goodluck Jonathan launches innovative MasterCard-branded National eID card in Nigeria http://mstr.cd/1qL9tp5


ABUJA, Nigeria, 28 August 2014 -/African Media Agency (AMA)/- Nigerian President Goodluck Jonathan today received his National eID card, heralding the official launch of the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission (NIMC) will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment solution in the country and the broadest financial inclusion program in Africa.

The eID card forms a key component of the Nigerian Identity Management System, deployed by NIMC as part of its mandate to create, maintain and operate the country's first central National Identity Database and provide proof of identity to Nigerians 16 years and older.


With 13 applications, including MasterCard's prepaid payment technology and Cryptovision's biometric identification technology, the eID card will provide millions of Nigerians - the majority of whom have never had access to a banking product - with the security, convenience and reliability of electronic payments.

At a celebratory event held in Abuja, His Excellency President Goodluck Jonathan said: "I am happy that this important milestone of the rollout of the National Identity Management System has been realized today. I am impressed with the quality of the eID card and the work of the corporate partners that made it possible. I commend especially MasterCard, and Access Bank Plc, as well as the Commission [NIMC] for achieving a world-class product."

He said the card builds a window to a social security benefit system and therefore, it is a card every Nigerian should get.

NIMC is working with several government agencies to integrate and harmonize all identity databases including the Driver's License, Voter Registration, Health Insurance, Tax, SIM and the National Pension Commission (PENCOM) into a single, shared services platform.

"The National eID program enables us to create an optimized common platform for Nigerian citizens to easily interact with the various government agencies and to transact electronically," says Barr. Chris 'E Onyemenam, Director General and CEO of NIMC. "There are many use cases for the card, including the potential to use it as an international travel document, which will have significant implications for border control in Nigeria and West Africa."

"In close collaboration with both the public and private sectors to achieve the full potential of this program, NIMC is focused on inclusive citizenship, more effective governance, and the creation of a cashless economy, all of which will stimulate economic growth, investment and trade," he adds.

Through the collaborative efforts of NIMC (the project lead), MasterCard (payments technology provider), Unified Payment Services Limited (payments processor), Cryptovision (Public Key Infrastructure and Trust Services Provider), and pilot issuing banks including Access Bank Plc, 13 million Nigerians will gain access to state-of-art financial services as part of the pilot program.

"This is a memorable occasion for MasterCard as we witness the start of a financial inclusion program that is unprecedented in scale and scope," says Daniel Monehin, Division President of Sub-Saharan Africa, MasterCard. "Combining an identity card with MasterCard's prepaid payment capability creates a game changer as it breaks down one of the most significant barriers to financial inclusion - proof of identity - while simultaneously enabling Nigerians to access the global economy."

He said the broader economic impact of the card will be felt as the previously unbanked and under-banked are able to gain access to the mainstream economy, and the visibility of their assets allows them to build a financial history and establish credit-worthiness with financial institutions.

Using the card as a payment tool, Nigerians can deposit funds, receive social benefits, save, or engage in many other financial transactions that are facilitated by electronic payments with the extra security assurance that biometric verification provides. They can also pay for goods and services and withdraw cash at millions of merchants and ATMS that accept MasterCard payment cards in Nigeria and in more than 210 countries and territories globally. MasterCard has unsurpassed merchant acceptance; no other brand is more widely accepted. The card also has the added safety and security benefits offered by the EMV Chip and Pin standard.

Group Managing Director, Access Bank Plc Herbert Wigwe, said: "Access Bank is a supporter and promoter of innovative ideas that would improve the quality of lives of Nigerians. This initiative provides another opportunity to highlight our commitment to national development and nation building."

To receive the eID card, Nigerians aged 16 and above need to register at one of the hundreds of NIMC enrollment centers nationwide. The enrollment process involves the recording of an individual's demographic data and biometric data (capture of 10 fingerprints, facial picture and Iris) to authenticate the cardholder and ensure that there are no duplicates on the system. Upon registration, NIMC issues each Nigerian with a unique National Identification Number (NIN), followed by the national eID card.

Upon completion of the pilot program, NIMC plans to introduce more than 100 million cards to Nigeria's 167 million citizens.

"By supporting the Nigerian Government in the implementation of a world-class and innovative electronic payments program, we are helping them to reduce the costs of cash to the economy and society, improve efficiencies and prevent fraud and corruption. More importantly, we are opening up a world of financial inclusion to millions of Nigerians and improving lives," says Monehin.

Distributed by African Media Agency (AMA) on behalf of MasterCard Worldwide.


 About MasterCard
MasterCard (NSYE: MA), www.mastercard.com is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter: @MasterCardMEA and @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the MEA Engagement Bureau.

About NIMC
The National Identity Management Commission (NIMC) was established by the NIMC Act No.23, 2007 as the primary legal, regulatory and institutional mechanism for implementing a reliable and sustainable national identity management system that will enable Nigerian citizens and legal residents assert their identity. The Act mandates the NIMC to create, own, operate and manage a national identity database, issue national identification numbers to registered individuals, provide identity authentication and verification services, issue multipurpose smartcards, integrate identity databases across government agencies and foster the orderly development of the identity sector in Nigeria. The Act also empowered the NIMC to collaborate with any public and or private sector organization to realize its objectives.

About Access Bank
Access Bank Plc is a full service commercial Bank operating through a network of over 300 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange, the Bank has over 800,000 shareholders and has enjoyed what is arguably Africa's most successful banking growth trajectory in the last ten years ranking amongst Africa's top 20 banks by total assets and capital in 2011. As part of its continued growth strategy, Access Bank has made sustainable business core to all its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.

For media inquiries please contact:
Birgit Deibele
Communications Manager, Africa, MasterCard
Birgit_deibele@mastercard.com
+27 71 464 0983

Ben Alofoje
Assistant Director/Head Research and Strategy, NIMC
ben.alofoje@nimc.gov.ng
+234 80 2321 16450

Abdul Imoyo, Head: Media Relations Access Bank Plc
Adbul.imoyo@accessbankplc.com
+234 8032011590




 
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Wednesday, August 27, 2014

The Best Friends of President Goodluck Ebele Jonathan



The best friends of President Goodluck Ebele Jonathan are not the sycophants flattering him with half-truths and outright lies, but those who are not afraid to report and tell him the bitter truth. For only the truth can help him and not lies.

 ~ Ekenyerengozi Michael Chima. 



  
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Tuesday, August 26, 2014

Mobile Cloud Market Worth $46.90 Billion by 2019


The report forecasts the market sizes and trends for mobile cloud in the following sub-markets:
On the basis of applications:
  • Gaming
  • Entertainment
  • Utilities
  • Education
  • Productivity
  • Business and finance
  • Social networking
  • Healthcare
  • Travel and navigation
  • Others
On the basis of users:
  • Enterprises
  • Consumers
On the basis of regions:
  • North America (NA)
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America (LA)

DALLAS, August 26, 2014 /PRNewswire/ --
The report "Mobile Cloud Market by Application (Gaming, Entertainment, Utilities, Education, Productivity, Business & Finance, Social Networking, Healthcare, Travel & Navigation), & by User (Enterprise User, Consumer) - Worldwide Market Forecast and Analysis (2014 - 2019)" by MarketsandMarkets, defines the global Mobile Cloud Market based on applications with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse 46 market data tables and 48 figures spread through 147 pages and in-depth TOC on "Mobile Cloud Market - Worldwide Market Forecast and Analysis (2014 - 2019)"

http://www.marketsandmarkets.com/Market-Reports/mobile-cloud-market-9888285.html

Early buyers will receive 10% customization on this report.
With the rise in demanding times, cloud computing has evolved to give space for the upsurge in the mobile cloud era which provides continual access to the cloud-based applications and services merely through one's mobile device such as Smartphone and Tablets. The Mobile Cloud Market has significantly amalgamated the comprehensive offerings from the cloud vendors, telecom network operators, and application developers and merchants to substantially benefit its users comprising enterprises and consumers. The escalating demands from the users and the ease in provision of competent mobile cloud-based apps are in turn driving the growth in the Mobile Cloud Market. Major vendors of the global Mobile Cloud Market are Amazon Web Services, Salesforce.com, Google, Inc., Apple, Inc., and Microsoft Corporation. The major forces driving this market are the manifold usage of Smartphone, enhanced network connections, evolving needs for centralized data management and the rising use of HTML5 technology.

The rapid advancements in the mobile cloud-based applications have been the prime reason for significant expansions in this market. Mobile cloud-based apps have leveraged the users with convenient apps that facilitate required vital information enhancing their productivity. This real-time information accessed through the apps on mobile devices can be used for personal or professional purpose, thereby, enabling flexibility in work. Hence, mobile cloud has substantially redefined the usage of mobile phones with the incorporation of cloud services to provide users with an enhanced experience through the provision of varied favorable applications.

Speak to Analyst @http://www.marketsandmarkets.com/speaktoanalyst.asp?id=9888285
MarketsandMarkets broadly segments the Mobile Cloud Market by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by applications: gaming, entertainment, utilities, education, productivity, business and finance, social networking, healthcare, travel and navigation, and others; and by users: enterprises and consumers.

MarketsandMarkets forecasts the global Mobile Cloud Market to grow from $9.43 billion in 2014 to $46.90 billion by 2019, at a CAGR of 37.8%. In terms of regions, Europe is expected to be the biggest market in terms of market size, while Latin America (LA) and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.

Browse Related Reports
Mobile Device Management Market by Solutions (Device Management, Application Management, Security Management, Network Service Management), Deployment Type (Cloud and On-premise) - Global Advancements, Market Forecast and Analysis (2014 - 2019)
http://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html
Cloud Computing in Education Market by Service Model (SaaS, PaaS, IaaS), by Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud, and Community Cloud), by User Type (K-12, Higher Education) - Worldwide Market Forecasts and Analysis (2014-2019)
http://www.marketsandmarkets.com/Market-Reports/cloud-computing-education-market-17863862.html

About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it


SOURCE MarketsandMarkets

TRENDING MOBILE CLOUD PROJECT IN NIGERIA.

 



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