Edge-Core Networks, a global networking solution provider offering a complete range of enterprise-level and service provider/carrier Ethernet networking equipment and services, has launched the ECS4810-28TS, an enterprise Layer 2 Gigabit Ethernet stackable switch.



The solution consists of 24 1000BASE-TX ports and 4 Gigabit combo (RJ-45/SFP) ports, with an extended operating temperature range from -20˚C to 65˚C.



The ECS4810-28TS, the newest member of Edge-Core’s ECS 4500…

Ms. Antoinette Monsio Sayeh, Director of the African Department of the International Monetary Fund, made the following statement in Maputo today:



“It is a great pleasure to be here for my first visit to Mozambique in my capacity as Director of the IMF African Department. I am grateful to Prime Minister Aires Ali, Vice-Ministers Couto and Nakhare, Governor Gove, and other senior officials for their very warm hospitality as well as for very productive discussions. It is also a great…

The International Monetary Fund announced today the creation of a new department focused on helping member states build capacity and develop their key economic and financial institutions. The new department will be formed by merging the IMF Institute and the Office of Technical Assistance Management, enabling stronger synergies between technical assistance and training to better reflect country priorities, facilitate fund raising, and benefit from economies of scale. The decision, which will…

The Nelson Mandela Metropolitan Municipality has taken an innovative approach to managing its architectural heritage, creating a map-based online register that is in the process of locating, photographing and rating every heritage building in the city of Port Elizabeth.



"PE is very aware of its unique and valuable architectural heritage," says Andre Steyn of Aspire Solutions, the company that developed the mapping software and key systems underlying the register. "The National…

The African Development Bank has successfully issued a US$1billion, five-year bond. Order books totalled US$1.2 billion from 43 investors.



Final distribution figures underscored AfDB's strong penetration across different regions. The order book was well diversified geographically. Asian investors came in as the largest buyers at 44 percent of the bond. European and American investors bought 18 percent, while African and Middle East investors bought 15 percent and 5 percent,…

The African Legal Services Facility (ALSF) and the Pan-African Lawyers Union (PALU) seminar on reinforcing capacity in international commercial disputes resolutions in the Northern Africa region opened today in Tunis. Opened by the African Development Bank’s Vice-President for Finance, Charles Boamah, on behalf of the President, the meeting is focusing on African Development Bank’s financial architecture as well as legal aspects of financing infrastructure projects from multilateral…

AfDB President Donald Kaberuka hosted the annual new year lunch for ambassadors of AfDB member states at the Movenpick Hotel in Gammarth, Tunis on Monday 23 January.



Mr Kaberuka told the envoys that AfDB was financially healthy despite the economic crisis, and that its policies remained sound and prudent. The president said that the bank was still able, despite tough market conditions, to access capital very competitively. He underscored the institution’s successful issuance of a…

Ahead of the World Economic Forum annual meeting in Davos this invitation-only roundtable will host top executives from the world’s leading multinational companies to discuss business opportunities and priorities for development in Africa; and will also explore areas of the continent’s economy that are best poised for regional integration and consolidated planning. CEO of Brand South Africa, Miller Matola, says that South Africa understands its pivotal role in helping establish access to…

•    Global Economic Prospects 2012 predicts turbulent year ahead

•    Developing world will still lead global growth, but at slower pace

•    ‘Second wave’ of financial crisis will take a toll on developing countries



The world economy in 2012 is set to grow by just 2.5 percent, weighed down by ripple effects from the 2008 financial crisis, says the World Bank's latest Global Economic Prospects…

Guaranty Trust Bank (Ghana) Limited in a bid to provide a one-stop-shop for customers and the general public has reached an agreement with British Airways to collect payments for its e-ticket reservations.



The service, which has already started across the Bank’s branches nationwide, thus creates a partnership of convenience for both GTBank and British Airways (BA) customers. This means that individuals, groups or businesses that make their British Airways bookings online or via…