Daily Archives: February 22, 2017

Transforming African economies through Pension Funds and Alternative Investments

MAURITIUS, Feb. 22, 2017 (GLOBE NEWSWIRE) — Only one month remains until industry stakeholders meet at the Pension Funds & Alternative Investments Africa Conference (PIAFRICA), taking place on the 15 – 16 March at the Intercontinental Resort, Balaclava, Mauritius.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/86b2efd7-c2b7-4663-be73-a27c44a0eec6

Mauritius has a real GDP growth of 3.4% and access to 26% of the world’s population via air and sea networks, a range of investment promotion and protection agreements and bilateral double taxation avoidance agreements, making it a prime location to explore the opportunities available in pension funds and alternative investments. Pension funds are seen as an important vehicle to enhance national reserves and to mobilise private savings for funding long-term investments in Africa.

The conference’s programme will provide a comprehensive view of the industry. The speakers will address the key trends, challenges, best practices for sustainable growth, private equity, country profiles, long term benefits of investment, capacity building, the latest technologies and fund administration.

It allows for participants to meet and network with senior executives as well as decision managers and asset managers, identifying key investment avenues and opportunities that are sure to offer reliable returns.

Confirmed speakers include:

  • Chinelo Anohu-Amazu, Director General and CEO, PENCOM
  • Gosego January, CEO, Debswana Pension Fund
  • Harvesh Seegolam, Chief Executive, Financial Services Promotion Agency, Mauritius
  • Tom Minney, Africa Growth Partners Ltd
  • David Ashiagbor, Coordinator, Making Finance Work for Africa, AFDB
  • Oscar N Onyema, President, ASEA and CEO, Nigerian Stock Exchange*
  • Kofi Anokye Owusu-Darko, CEO, National Pensions Regulatory Authority, Ghana
  • Mr PK Kuriachan, Chief Executive, Financial Services Commission, Mauritius
  • Ernest Thompson, Director General, Social Security & National Insurance Trust, Ghana
  • Sibusiso Luthuli, CEO and Principal Officer, Eskom Pension & Provident Fund
  • Tony Clamp, MD, Compass Infrastructure
  • Eric Fajemisin, Chief Executive, Stanbic IBTC Pension Managers
  • Krishen Sukdev, CEO, Government Pensions Administration Agency (GPAA), South Africa
  • Simon Wafubwa, MD, Enwealth Financial Services
  • Richard Arlove, CEO, Abax Services, Mauritius
  • Paul Boyton, Chief Executive Officer, Old Mutual Alternative Investments
  • Jarred Glansbeck, Chief Executive Officer, Riscura
  • Hugh Stacey, Executive Director – Investor Solutions, Augentius (UK) Ltd
  • Nonnie Wanjihia Burbidge, Board Member, East African Venture Capital Association (EAVCA) and Vice President, Emerging Capital Partners

With the support from the associate sponsor, Riscura and the endorsing partners EAVCA, FSPA and ASEA, this event promises to be highly thought-provoking and informative.

For more information, visit www.ametrade.org/piafrica or contact the AME Trade events team at piafrica@ametrade.org or +44 207 700 4949.

CHINT ouvre sa première usine égyptienne spécialisée dans la fabrication d’appareillages électriques à basse tension

– CHINT va exploiter conjointement la nouvelle usine avec la compagnie électrique Egyptian German Electrical Manufacturing Co. (EGEMAC).

– CHINT est considérée comme la plus grande compagnie électrique industrielle chinoise en termes de volume des ventes et de production, tandis qu’EGEMAC est réputée pour sa solide clientèle et les activités complètes qu’elle mène dans le monde entier.

LE CAIRE, 21 février 2017 /PRNewswire/ — CHINT Group, une grande entreprise chinoise du secteur de la production d’équipements électriques industriels et d’énergie propre, a célébré la grande inauguration de la première usine de fabrication d’appareillages électriques à basse tension, CHINT EGEMAC, au Caire, le 19 février. Joint-venture entre CHINT et EGEMAC, la nouvelle usine marque une étape significative dans son expansion sur le marché africain.

CHINT & EGEMAC Opening Ceremony at Cairo

En développant sa technologie principale, NGC8, CHINT EGEMAC va offrir de nombreux types d’appareillages électriques à basse tension, personnalisés pour répondre aux demandes locales. La production du premier appareillage électrique devrait être terminée le 1er mars et la production annuelle de l’usine est estimée à environ cinq millions de dollars.

CHINT EGEMAC tire parti de l’expertise de ses entreprises fondatrices dans les domaines de la technologie et des ressources du marché pour devenir le principal fournisseur de solutions à basse tension au Moyen-Orient et en Afrique.

Nan Cunhui, président de CHINT Group, a déclaré : « L’usine égyptienne est une étape importante pour que CHINT Group entre sur le marché mondial. Nous voyons que l’Égypte est un pays qui se développe très vite parmi les pays africains et est aussi un partenaire essentiel pour la stratégie de développement « Une ceinture, une route ».

M. Nan a également mis l’accent sur la signification de la localisation tout en donnant plus de détails sur la stratégie de l’entreprise. « Nous allons former une équipe locale pour mieux répondre aux demandes de la région. Cela va non seulement nous aider à pénétrer sur le marché local, mais aussi à créer des avantages sociaux car cela apporte davantage d’emplois aux résidents locaux », a-t-il déclaré.

Les produits d’appareillages électriques à basse tension sont largement utilisés dans des domaines qui vont de la production d’électricité, de la distribution et de la transmission de systèmes d’alimentation électrique aux plateformes en mer ou plateformes de forage pétrolier, ainsi qu’aux secteurs industriels et miniers et aux bâtiments à usage commercial. Les produits aident à garantir la stabilité et la sécurité de l’électricité utilisée et à renforcer le concept d’énergie propre à travers son application dans des secteurs tels que l’énergie hydroélectrique et l’énergie éolienne.

Á propos de CHINT Group

Fondé en 1984, CHINT Group est le premier fournisseur d’approvisionnement en énergie propre et en solutions de gestion de l’efficacité énergétique, qui offre la gamme de produits la plus complète en Chine. Ses activités vont des produits électriques à basse tension aux équipements et services de transmission et distribution de l’électricité, aux instruments et aux compteurs, aux appareillages pour les bâtiments en passant par les pièces automobiles, l’automatisation industrielle, la génération d’énergie photovoltaïque et la fabrication d’équipements. CHINT possède un actif total de plus de 7 milliards USD et emploie plus 30 000 personnes. La commercialisation de ses produits couvre plus de 130 pays et régions, dont le continent américain, l’Europe, l’Asie, le Moyen-Orient, l’Afrique, etc. www.chint.com

Photo – http://mma.prnewswire.com/media/470145/CHINT_Group.jpg


JOHANNESBURG,The South African Human Rights Commission (SAHRC) has condemned violence in recent weeks directed at foreign nationals and the destruction of property and appealed to communities across the country to refrain from taking the law into their own hands.

In the latest incident, more than 20 foreign-owned shops were looted in Atteridgeville and surrounding areas of Pretoria on Monday night and in the aftermath of the latest wave of attacks, locals went on the rampage accusing foreigners of stealing their jobs and drug peddling.

A few like Mohammed Monir from Bangladesh, who was still brave enough to operate his shop, said: “I am scared, but where can I go. I have closed the shop. I am selling through the gates and who is going to give me money.”

But others are not taking any chances, saying that Atteridgeville is no longer safe. Pakistani national Mohammed Adnan says: “It’s better if we move from here. To stay here, we will lose our lives and our stock.”

Just like Adnan, many others have already left the community of Atteridgeville. With sporadic attacks on foreign nationals seemingly on the increase, there are fears that it could spread to other areas in Gauteng Province.

Similar attacks have occurred in Pretoria West and in Rosettenville in Johannesburg and the Human Rights Commission has also raised the alarm.

The commission has also called on the South African Police Service (SAPS) to police effectively and investigate crimes highlighted by communities.



MAHIKENG, SOUTH AFRICA, The Health Department in South Africa’s North West Province, in partnership with the Basic Education Department, will be rolling out the Human Papilloma Virus (HPV) vaccine to be administered to schoolgirls.

Beginning this week, teams of health professionals will be visiting all public schools across the province to administer free HPV vaccinations to girls in Grade four, who have already turned nine and older. The first round of the campaign will run until March 28.

The vaccination protects girls before they are sexually active from being infected by HPV and reduces the risk of developing HPV-related cervical cancer later in life. The vaccine was approved for use in in South Africa in 2008 but was previously only available through private outlets.

The government started rolling out the free vaccine to all grade 4 schoolgirls at all public schools in 2014, through the Integrated School Health Programme (ISHP).

According to International Agency for Research on Cancer, cancer of the cervix is among the common cancers affecting women in sub-Saharan Africa. Compared with Europeans, women in sub-Saharan Africa are five times more at risk.

The department said the key priority activities before actual implementation of the programme included community mobilization, consultation with school communities and ensuring that parents are informed to make healthy lifelong decisions for their children by providing accurate standardized messages about the vaccine.



JOHANNESBURG,The South African Weather Service has warned of flash floods as wet weather conditions are expected to persist throughout this week.

Four people have died in Northern Cape Province as heavy rain continues over most parts of the country. They went missing on Sunday after the Orange River burst its banks. Three of the four bodies were recovered on Tuesday.

In another incident, occupants of a car had to be rescued when their vehicle sank into a pothole about two metres deep.

Motorists have been warned to be extra vigilant on the wet roads and not to risk driving across flooded bridges.

Communities living in low-lying areas are on high alert.

The Jukskei river, which runs through Johannesburg, is already swelling up. In November 2016, a number of people drowned after the river burst its banks.

The authorities have reported that there have been more than 70 accidents and one fatality as a result of flooding in recent days.

Some streets have now been closed due to flash flooding and the authorities are gearing up for any eventuality.