Namibia Business News

South Africa Says 2010 FIFA World Cup Safety Worry ‘Illogical’

Danny Jordaan, CEO, South African World Cup Organizing Committee

Danny Jordaan, CEO, South African World Cup Organizing Committee

“We should not be condemned by what happens in a country far away from us. It can’t be right, it makes no sense. It’s illogical,” Danny Jordaan, the leader of the committee, told reporters in Johannesburg today.

“If there is a security breach in Finland, you are not going to ask England to explain,” he said, adding that the distance between South Africa and Angola is equivalent to the distance between Finland and the U.K.

The head of the organizing committee for the soccer World Cup in South Africa dismissed concerns over the safety of the event after the Togolese national team was attacked by rebels in Angola en route to the Africa Cup of Nations tournament. Read the rest of this entry »

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Congo Will Ask Southern African Development Community (SADC) to Help Build Grand Inga Hydropower Plant

River DamThe Democratic Republic of Congo (DRC) will invite more countries into Western Power Corridor Co. (Westcor), the regional partnership that plans to build the $5 billion Inga 3 hydropower plant on the Congo river, Africa’s biggest river.

Congo will ask all 15 members of the Southern African Development Community (SADC) to join Westcor at a regional summit due to be held in Kinshasa on Sept. 7-8, said Bene M’Poko, the Congolese ambassador to South Africa.

“What we’re going to propose during this summit is a framework whereby we should aim to produce more than 4,000 megawatts so that we can accommodate the needs of everyone in the region,” M’Poko, who is also the contact point for SADC, said today in an interview in Kinshasa. “Let’s open the doors so all the countries can join in.”

Angola, Botswana, Congo, Namibia, and South Africa in 2005 established Westcor to develop Inga 3 and tackle growing power shortages in the region. The plant would generate 4,300 megawatts from the Congo River, the world’s second-largest river by volume. Read the rest of this entry »

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Orascom Telecom Rebrands Namibian Cell One as Leo, Other Units to Follow

Orascom TelecomNamibian mobile operator Cell One will be rebranded as ‘Leo’ in a process to begin next month.

Egypt-based parent Orascom Telecom, which took over the reins of 2G/3G operator Powercom (trading as Cell One) at the start of this year, explained that the name (pronounced ‘lay-o’) was taken from the Swahili word meaning ‘today’, while also representing the Spanish ‘lion’, and would replace a branding that had become too ‘old school’ and did not resonate well with the public.

The Egyptian group added that the new brand will eventually be adopted by other subsidiaries of its Telecel Globe division in Zimbabwe (Telecel Zimbabwe), Burundi (U-Com Burundi) and the Central African Republic (Telecel Centrafrique). Read the rest of this entry »

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Southern Africa Set for a Flood of Renewable Energy (RE) Projects, According to Frost & Sullivan

Solar EnergyDespite the considerable potential that exists to produce electricity using renewable energy (RE) in Southern Africa, RE projects have been largely limited to off-grid, small-scale applications. However, the renewable energy market in South Africa is expected to grow exponentially in the next few years, owing to the announcement of the renewable energy feed-in tariff made in March 2009.

New analysis from Frost & Sullivan, Southern African Renewable Energy Equipment Market, finds that the Renewable Energy industry earned revenues of $28.4 million in 2008 and estimates this to increase nearly tenfold by 2015, to reach $262.3 million. This will include projects to develop energy from solar photovoltaic, solar thermal, wind power, and biomass sources. Read the rest of this entry »

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