African Business News

Business development in Africa is Ben’s speciality

The Standard Bank IFA team manage the relationship between Standard Bank and independent financial advisers around the world, by providing products tailor made for the IFA market.

Ben will be reporting to John Hall, head of IFA distribution.

He said: ‘Ben’s appointment comes at an interesting time for us as we continue expanding our network of independent financial advisers in Africa.

‘Ben brings with him a wealth of experience in dealing with African IFAs and we feel sure he will continue the team’s work in this exciting and economically dynamic continent.’

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Emerging Market Prospects for LED Lighting

The African lighting market is the emerging market prospects for LED lighting.

Recently a Zimbabwe began to use the LED street news cause industry attention, recognises this will make energy savings and reduced lighting operating costs for African cities, will be the lighting business in Africa a new milestone.

China-Africa trade volume has grown rapidly in African LED lighting demand increasing.

It is understood that dates back to the 1950-present, average annual growth of China-Africa trade volume 43.5%. As of 2011, China-Africa trade volume has reached US $ 160 billion, China has become Africa's largest trade partner.

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Econet Solar lighting up African homes in 2014

Econet Wireless subsidiary Econet Solar International is aiming to deliver its Home Power Stations (HPS) to over 125,000 homes across Africa in 2014.

The device, designed to harness solar energy in order to provide affordable, clean and safe lighting to homes in off-grid communities, is already being successfully used by approximately 8,000 people in 2,000 homes across Zimbabwe.

The Home Power Station uses solar energy to power wireless LED light bulbs, charge GSM mobile phones and to provide the power necessary to use or charge a range of other accessories including mosquito repellents, TVs, fans and LED candles. First launched in Durban at COP17, the United Nations Framework Convention on Climate Change, the HPS has now been fully tested and the latest generation comes with a range of new features including a battery twice the size of the original model.

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About Seven Million People Now Using Clean Solar Lights in Africa

lose to seven million people in Africa without electricity now have access to clean lighting as a result of the joint efforts of the Lighting Africa program, and its partners, to develop markets for quality, solar lights.

Results just in show program-supported manufacturers and distributors operating in Africa’s off-grid lighting market sold more than 600,000 lanterns in the six months to December 2012.

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