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Danfoss Names Middle East, Africa President
6 February, 2018 Danfoss, a global leader in manufacturing heating, ventilation, air-conditioning and refrigeration solutions, has appointed Ziad Al Bawaliz as its new regional president for Turkey, Middle East and Africa (TMA) region, following the departure of Levent Taskin. Al Bawaliz brings wit.../images/up/News/20182720275478841.jpg
TCL Shared The Joys With GHALCA G8 Tournament Championship
2018-01-29 TCLaircon Last week, the final match of GHALCA G8 Tournament was held in Ghana, which was one of the most significant regional football premier league. TCL Air Conditioner, as the sponsor for the tournament, spot-lighted at the scene and shared the joyful, pleasure and honorable mome.../images/up/News/201812920374029217.jpg
2.11 AFRICA: South Africa
According to the IMF, South Africa’s GDP growth rate in 2016 was a dis-mal 0.3%, hampered by a downturn in the agricultural and mining industries. Companies also held off on making capital investments due to the weakened currency and upcoming governmental elections. With these and other uncertaintie.../images/up/News/20181221212423121.jpg
2.11 AFRICA: Algeria
Algeria’s economy is significantly affected by the price of oil. According to the IMF, Algeria’s GDP growth rate in 2016 came to 3.3%. Its 2017 growth rate is forecast to be 1.5%. Algeria’s air conditioner market scale in 2017 was 474,000 units, an increase of 15.5% compared with 2016. Gree, M...
2.11 AFRICA: Nigeria
According to the IMF, Nigeria’s GDP growth rate was a -1.6% in 2016, dragged down by the collapse of oil prices. The growth rate of the country’s manufacturing industry, which largely relies on imports of raw materials, dropped sharply due to a shortage of foreign currency. The foreign currency prob.../images/up/News/2018122117621588.jpg
2.11 AFRICA: Egypt
Egypt moved to free float its currency in November 2016, a reform required by the IMF to receive its funding. The resulting funding has helped make more foreign exchange available, but has also sparked a sharp drop in the value of Egypt’s currency and has led to higher prices for imported goods and .../images/up/News/2018122115840672.jpg
2.11 AFRICA
Overall economic conditions in Africa were not favorable in 2017, and summer weather was relatively mild. The African air conditioner market in 2017 reached 2.8 million units, showing a decline of 1.6% compared with 2016. Nigeria, Egypt, Algeria, Libya, and South Africa are the major markets in this.../images/up/News/2018122193650471.jpg
Aermec and Aersa celebrate 10 years of collaboration
Jan 17, 2018 Aersa, the exclusive Aermec distributor for South Africa, is celebrating this year its 10-year partnership with Aermec organizing two events, in Johannesburg and Cape Town. At this important events Aersa has invited all professionals who contribute at this long and fruitful collabor.../images/up/News/201811811151039274.jpg
Seychelles Joins Initiative Mandating Use of Ozone-friendly Appliances
Through the initiative, Seychelles will be able to replace appliances such as refrigerators with HCFCs and CFCs with those using natural gases. (Salifa Karapetyan) Seychelles is focusing on ozone-layer-friendly technological appliances as it joins the second phase of the Green Cooling Africa Init.../images/up/News/2017121719311817677.jpg
Report Tackles African Response to Kigali Amendment
Photo: Near Cape Town, South Africa A new report aims to support African countries in identifying priority areas for the successful implementation of the HFC phase-down under the Kigali Amendment to the Montreal Protocol. A report on ‘Africa and the Kigali Amendment’, produced by the United Na.../images/up/News/2017121719293772347.jpg