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Hisense Holds Inverter AC Launch Event in Egypt
On May 28, Hisense held a launch event for its inverter air conditioners at the Grand Hyatt Hotel in Cairo, Egypt, attended by nearly 500 local sales agents and technology consultants. During the event, Hisense exhibited different types of energysaving inverter split air conditioners and ‘Free Match.../images/up/News/201172511201910980.jpg
Panasonic’s Eco Navi AC Hits the Nigerian Market
Panasonic recently introduced its ‘Eco Navi’ dual sensor air conditioner to the Nigerian market. The unveiling of the Eco Navi air conditioner series is followed by the introduction of the Super Alleru-Buster air conditioner, which can detect and inactivate harmful airborne organisms. These two inno.../images/up/News/201172511171422388.jpg
Electrolux acquires Olympic Group
10 July, 2011Electrolux today signed a purchase agreement with Paradise Capital to acquire its 52% controlling interest in the leading Egyptian major appliances manufacturer, Olympic Group Financial Investment Company S.A.E (Olympic Group). Electrolux intends to acquire all the shares in Olympic Gro...
Samsung introduces cutting edge air conditioners with revolutionary Virus Doctor technology
Published July 6th, 2011 Samsung’s press conference Samsung Electronics, a market leader and award-winning innovator in consumer electronics, has unveiled its new range of premium air conditioners and ionizer devices, featuring the cutting edge Virus Doctor air filtration technology. The Virus.../images/up/News/2011771123470052.jpg
Hisense Answers South Africa's Call for Energy Efficiency
Jun 6, 2011 Chinese appliance maker Hisense held an Eco Product Launch Event in South Africa as an answer to South Africa’s “49M” initiative intended to decrease energy consumption. A March 18, 2011 speech by South Africa Deputy President Kgalema Motlanthe introduced the initiative, which seeks to...
Trane launches Chiller Plant Retrofit Service
3 June 2011 Trane has launched its Chiller Plant Retrofit Service, designed to optimise the performance and energy efficiency of chillers and chiller plants. Particularly beneficial to plants older than 10 years, Trane Chiller Plant Retrofit Services claims it can reduce yearly operating costs u...
2.12.4 South Africa
South Africa’s real GDP grew 2.8% in 2010, a positive turnaround from negative growth in 2009. Consumption of durable goods was noticeably higher. The 4.4% rise in the final consumption expenditure of households, accounting for two-thirds of GDP, was a driver of the economy. The economy, however, sl...
2.12.3 Algeria
Algeria’s real GDP grew 3.3% in 2010. Hydrocarbons have long been the backbone of the economy, accounting for roughly 30% of GDP. In 2010, Algeria began a five-year, US$ 286 billion development program to update the country’s infrastructure and provide jobs. However, escalating prices for foodstuffs...
2.12.2 Nigeria
Nigeria’s real GDP grew at a rate of 8.4% in 2010. The country produced an average of 2.36 million barrels of oil a day, up from 2.16 million barrels the previous year. Besides the oil industry, the service and construction industries also enjoyed stronger performance than in 2009.The market size of.../images/up/News/20115299405231911.jpg
2.12.1 Egypt
Egypt recorded real GDP growth of 5.1% in 2010, boosted by strong performance in the construction and tourism sectors. However, the pro-democracy protests in 2011 that brought down the government have resulted in political instability and an economic slowdown is likely inevitable.With its convenient...