R100m AfDB boost for clean energy

first_imgGrowth-phase businesses “The Evolution One Fund will be the bank’s first investment in a fund with a specific focus on clean energy and technology investments,” the bank said in a statement last week. “The investment therefore supports an innovative vehicle that will boost economic activity in this emerging field, and contribute to the development of sustainable private sector enterprises.” The African Development Bank has approved a R100-million investment in the Evolution One Fund, the first specialised private equity fund focused on the acceleration and deployment of clean energy and sustainable technologies across southern Africa. Other areas include water quality and management, waste management, agribusiness and forestry, natural products, organics and natural health, and environmental real estate. South Africa will account for 60-75% of the fund’s overall investments, while up to 25-40% will be earmarked for other Southern African Development Community countries. The 10-year private equity fund, managed by Cape Town-based Inspired Evolution Investment Management, will make equity and equity-related investments in sustainable projects and companies with the aim of not only achieving carbon reductions, but also ensuring the sound environmental, social and economic performance of these investments. SAinfo reporter The fund will seek to invest predominantly in growth-phase businesses, particularly in eight high-growth sectors, namely clean energy/energy efficiency (up to 50% of its investments), efficient and clean manufacturing processes and technologies, air quality and emissions control. 3 June 2009 Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Marketing and IT Merge to Create the New Digital Leader

first_imgYou might consider IT professionals a conflicted group. On one hand, we have a reputation for being geeks, nerds, and data junkies. We like our bits and bytes and enjoy spewing off long soliloquies filled with technical jargon that no one around us understands. Or at least that’s how the story goes.While there are definite kernels of truth in that caricature, the real truth is that IT people are actually a very creative bunch. During my keynotes, I ask how many people in the audience are in a band, or play an instrument, or otherwise actively engage in a creative endeavor. Typically about 80 percent of the room raises their hands. Even the job of being an IT professional is, in fact, often a very creative role. There is a lot of creating and creative problem solving within most IT organizations.The great irony — and source of conflict — is that most IT people tend to put their creative selves in a drawer when they come into the office. For whatever reason, there seems to be this attitude that there is no place for creativity in the world of IT. But if Cameron Gawley is right, that may be way off the mark.The future of IT leadership In the most recent episode of The Transform IT Show , I sat down with Cameron to talk about his unique views on what the future holds for IT professionals. An IT professional turned digital marketing guru, he sees the worlds of IT and marketing colliding — and huge opportunity for IT professionals emerging as a result. He shared that there is really no longer such a thing as a Chief Marketing Officer, only Chief Marketing Technology Officers, and that this is spreading to every part of the business. That means that there’s tremendous potential for IT professionals willing to embrace their creative sides and combine that with a deep understanding of analytics.Cameron’s basic message is that virtually every part of business is now being driven by technology and data. He believes that it will be virtually impossible for anyone to remain relevant and competitive without a solid grasp on data and how it impacts business functions. On the same token, IT folks must be prepared to dive into deep levels of understanding at a business level to be able to effectively leverage their technology and data analysis skills. In short, Cameron shared that we are now living in a data-first world, which means that the opportunities are wide open for the IT professionals who are willing to step into the gap.I thoroughly enjoyed my time with Cameron. He’s engaging, thought provoking and challenged my idea of what it means to be an IT professional. I hope you check his interview out. Make sure to watch the first and second parts of our interview as well. You can also hear how other IT professionals like you are reacting to this changing business landscape by watching the latest Transform IT Google+ Hangout.last_img read more