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(BUSINESS WIRE) --Midea released its financial report for the first half of 2022, showing semi-annual revenue growth from 5.0% to RMB183.7bn. Net profit growth was even faster than revenue, coming in at RMB 16bn with a YoY 6.6% increase.

Balanced in both ToB and ToC businesses, Midea Smart Home revenue during the first half of 2022 was RMB126.9bn. According to AVC, Midea home appliance products ranked 1st during the first half of 2022 in both domestic online and offline market shares among 7 household appliance categories, including air conditioners and microwave ovens.

Industrial Technology achieved a revenue of RMB12.1bn with 13.3% YoY growth, and Midea’s global market of residential AC compressors increased to 44%, representing the 1st worldwide. The unit sales of motors for residential ACs and laundry appliances accounted for 42% of the global figures.

Building Technology realized significant growth of 33.1% RMB12.2bn revenue. Commercial AC ranked N ... Read more »

Views: 44 | Added by: africa-live | Date: 09.01.2022 | Comments (0)


Abu Dhabi, UAE-Wednesday 31 August 2022

Rick Parish, the founder and former chairman of Marine & Offshore Group (M&O Group) ­­– the company that revolutionised mobile offshore safety training for the oil and gas industries in the 1990s – today announced that his company Aquarius Global has launched a new mobile safety training system that is set to raise the standards and the benchmark yet again for offshore safety training globally.


Mobile Offshore Safety Training (MOST) – a subsidiary of Parish’s investment and holding company Aquarius Global – has developed the “INSITU” system, which will once again redefine the nature of offshore safety training using the latest technology and simulations with state-of-the-art equipment, advanced techniques and procedures, coupled with world class safety train ... Read more »

Views: 42 | Added by: africa-live | Date: 09.01.2022

COVENTRY, England 
(BUSINESS WIRE) -- Sitel Group®, one of the largest global providers of customer experience (CX) products and solutions, announced today that it has been named a finalist 15 times across 12 categories in the European Contact Centre & Customer Service Awards (ECCCSAs) 2022 as it marks its 22nd year of the competition.

The ECCCSAs are the longest-running and largest awards programme in the customer contact industry, which recognises organisations across Europe that are leading the way in delivering exceptional service to customers.

As a global leader in the customer experience sector, Sitel Group offers a wide range of products and solutions for its more than 700 customers and delivers more than 8 million experiences every day. After a thorough judging process, the company’s innovation within the CX industry has been recognised in a range of categories, including:

Sitel® UK - Most Effective Management of Peak Dema ... Read more »

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Dubai, United Arab Emirates - Wednesday, 31. August 2022

The Covid-19 pandemic prompted massive growth of the e-commerce market, allowing consumers to purchase both basic needs and luxury items from the comfort and safety of home. As the world transitions from the pandemic, a return to the pre-pandemic in-person shopping trends is imminent.


A consumer behaviour shift is already underway with shoppers seeking more social, experience-based setups - an uptick in shopping complexes that serve as both outlets for purchasing and opportunities to socialise with friends and families is already being noted.


DJM Capital, California's leading Investor-Manager Real Estate Group with two billion-dollar assets under management, has already used this novel concept in its recent real estate acquisitions.


D. John Miller, Founder and Chief Executive Officer of DJM Capital, says, "Multiple years of experience ... Read more »

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Complementary geographic coverage, technology and engineering capabilities will deliver leading performance and integration in a growing offshore market

(BUSINESS WIRE) -- Schlumberger, Aker Solutions and Subsea 7 today announced an agreement to form a joint venture to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric subsea production systems and other electrification capabilities that help customers meet their decarbonization goals.

The proposed joint venture will combine Schlumberger’s and Aker Solutions’ subsea businesses, which include deep reservoir domain and engineering design expertise, an extensive field-proven subsea production and processing technology portfolio, world-class manufacturing scale and capabilities, and a comprehensive suite of life-of-field solutions f ... Read more »

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DELFT, The Netherlands - Wednesday, 31. August 2022


(BUSINESS WIRE) --Dutch based quantum transduction startup QphoX and Finnish quantum computer manufacturer IQM Quantum Computers have announced a new collaboration to develop a next generation interface for scaling quantum computers.

IQM is the European leader in building quantum computers and provides on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. IQM delivers these machines as a full-stack system integrator with its own quantum processors using superconducting qubits.

QphoX specializes in photon wavelength conversion for quantum technologies and is working to create the world’s first quantum modem which will allow quantum processors to be networked together. This will unlock new applications like distributed quantum computing between remotely entangled quantum processors, solving one of the biggest scaling challen ... Read more »

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LONDON - Wednesday, 31. August 2022

(BUSINESS WIRE) -- Nexo’s Board of Directors has today allocated a further $50 million to the company’s long-standing Buyback initiative. This approval enables the leading regulated digital assets institution to discretionally and periodically repurchase its native NEXO Token in the open market. This development comes as a continuation of the previous ... Read more »

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Project Demonstrates Multiplier Effect of Women’s Entrepreneurship in Advancing the SDGs at Local Level

(BUSINESS WIRE) -- Rural women comprise a quarter of the world’s population and are the backbone of their economies, comprising an estimated 40% of the agricultural labor force in developing countries as farmers, wage earners, and entrepreneurs.1 Despite their critical contributions to local economies, they continue to face structural barriers to asset ownership, equal pay, participation in decision-making forums, and access to resources and markets. Cultural norms also result in women shouldering most of the responsibility for unpaid care and domestic work.2

Recognizing that improving the lives of rural women is key to fighting poverty and achieving sustainable development, UNDP China and Mary Kay, in collaboration with the China Women’s Development Foundation, the China International Center for Economic and Technical Exchanges, the Women’s ... Read more »

Views: 47 | Added by: africa-live | Date: 09.01.2022

SAN FRANCISCO - Wednesday, 31. August 2022

(BUSINESS WIRE)--Andersen Global continues to add depth to its Africa platform through a Collaboration Agreement with Tanzania-based law firm Lawhill and Co. Advocates.

Based in Dar es Salaam and founded in 2019, Lawhill and Co. Advocates works with local and international clients, including corporations and international consulting organizations. Led by the Managing Partner Hadija Kinyaka, the firm offers taxation, corporate and commercial law services as well as strategic civil cases litigation spanning through various industries including telecommunications, energy and infrastructure, natural resources, banking and finance, international trade, and employment & immigration.

“Our team of tax and corporate professionals strives to set the standard for quality service across all industries and be a one-stop shop for all business needs,” said Hadija. “The past few years have been a transfo ... Read more »

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MIM to expand sustainable investing solutions for institutional clients

(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced that it has entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. As of June 30, 2022, AIM’s assets under management were $1.01 billion. The acquisition is subject to customary closing conditions, including regulatory approval.

The acquisition will advance MIM’s ESG investment and reporting capabilities as it seeks to deliver client solutions and long-term risk adjusted returns. “By combining AIM’s expertise with MIM’s commitment to sustainable investing, we will be even better positioned to provide ... Read more »

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Amazon FSx for NetApp ONTAP is the only native AWS cloud storage service today to be certified and supported as a supplemental datastore for VMware Cloud for AWS

(BUSINESS WIRE) -- NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, in collaboration with VMware, Inc. and Amazon Web Services (AWS), today announced the general availability of Amazon FSx for NetApp ONTAP with VMware Cloud on AWS, the first and only native AWS cloud storage service certified and supported as a supplemental datastore for VMware Cloud on AWS.

With this new datastore solution, enterprises can quickly, easily and cost-effectively move their enterprise, data-demanding workloads to VMware Cloud on AWS. This allows organizations to scale cloud storage independent of cloud compute to optimize costs, deploy new modern applications with the speed and scalability of the cloud, and maximize the value of their existing IT investments. Additionally, organizations can gain a ... Read more »

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(BUSINESS WIRE) --The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.

CDP, with assets totalling over 400 billion euros, is providing the bilateral loan to support AFC projects that are urgently needed to transform African infrastructure to help combat and adapt to global warming, as well as catalyse industrialisation, create jobs and reduce poverty.

“Building strong partnerships with major international institutions such as Africa Finance Corporation is part of our strategy to scale up impact finance and accelerate the ecological transition in developing countries” affirmed Antonella Baldino, Head of International Cooperation and Development Finance at CDP. “It is ... Read more »

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acing industry leader switches to Rimini Street to reduce reliance on Oracle, prepare for open-source databases, and improve security

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced that Racing and Wagering Western Australia (RWWA), a national leader in racing and wagering entertainment, has switched from Oracle to Rimini Street for better, more responsive support and advanced security for its Oracle database and Oracle technology landscape. The move helps RWWA to achieve its strategic plan to reduce its reliance on Oracle products as cloud-native and open-source offerings become viable for the organization, providing RWWA with more deployment and usage flexibility, reduced enterprise software operating expenses and improved security.

“The wagering sector is a competitive ... Read more »

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