FORT ST. JOHN, B.C. – Fort St. John residents that are fans of the morning McMuffin or Big Mac for lunch might have noticed some changes going on at the McDonalds on Alaska Road.General Manager Steve Reese says that the restaurant is undergoing a renovation for approximately the next three months that will see a revamping of the Golden Arches location. The renovations are part of the chain’s Vision 2017 modernisation, which will feature updates to the restaurant including custom-order kiosks, table service, updated furniture, and a new, larger play area. Reese says that new play area will be 100 sq. ft. larger in size, and will be the largest in Canada, and one of the largest in North America.According to Reese, since the renovations were required, the owner decided that the restaurant would feature a larger play area, since it gets a lot of use, especially during the winter months. Schematics of what the new restaurant and play area will look like will be mounted outside the restaurant in roughly one week’s time.- Advertisement -The renovations started last Monday, and Reese added that the new play area should be open for kids to play in by the end of December.
Brand South Africa is awarding bursaries to two students from the Lekoa Shandu Secondary School in Sharpeville to further their studies in marketing and communications at the North West University.The students are Thandeka Dlamini and Palesa Mphache and were amongst the Class of 2013 top performers at the school.Brand South Africa CEO Miller Matola says “Brand South Africa is delighted to play its part in supporting the further education of two students who have played their part to qualify for further education opportunities.“We congratulate them on their outstanding matric results and wish them well as they enter another phase of their lives – tertiary education.“We look forward to their contribution to our country and its development once they have completed their studies.“We urge the Class of 2014 to remain committed to preparing for their final examinations at the end of the year so that they too can access further education and training opportunities,” concludes Matola.
19 June 2015Afro pessimists step aside, because the big leagues are bringing their green bucks to Africa.That’s the message from TPG Growth and Satya Capital, which announced a billion- dollar investment partnership in Africa on 18 June.The partnership is TPG’s first African-focused investment vehicle. It will invest in growth stage companies and the next generation of entrepreneurs across the continent.Satya managing partner Moez Daya said the partners were looking for entrepreneurial partnerships “north of the Limpopo River” and which could benefit South African businesses.“The growth of the consumer face middle class is greater in sub-Saharan Africa,” he said. “South African growth is a lot more constrained. Growth beyond South Africa is faster, but more risky.“The business we do is partnering great companies, those who are breaking through the [Limpopo] border. We will be the ideal partners for South African companies wanting to do that. We bring capital, tools, know-how and the relationships that we’ve built across Africa.”Big investmentSatya Capital was started by Sudanese-British billionaire Mo Ibrahim, who sold his African-based mobile communication company Celtel for $3.4-billion (about R42- billion) in 2005.TPG, the global private investment firm, has $74-billion of assets under its management, while TPG Growth, its middle market and growth equity investment platform, has $7-billion. The latter’s current and past investments represent a mix of disruptive and innovative companies across tech, retail and entertainment including Uber, Airbnb, Box, Domo, Beautycounter, Ride, Angie’s Artisan Treats, Fender, SurveyMonkey, Evolution Media and STX Entertainment, among others.The partnership is TPG’s first African-focused investment vehicle. It will invest in growth stage companies and the next generation of entrepreneurs across the continent.The partnership with Satya Capital, an independent investment firm focused on Africa, brought deep regional expertise, relationships and on-the-ground experience, said Daya.Growth focusThe money will be provided by TPG Growth, which will look for companies and entrepreneurs in all sectors that are in need of capital to help them grow, including in health care, technology, media and telecommunications, consumer and financial services.While Satya normally targeted investments of between $20-million and $150- million, this partnership would allow it to broaden the scope to between $1-million and $200-million, said Daya.“It is exciting for African entrepreneurs looking for investors,” he said. “TPG is willing to invest up to $1-billion in Africa provided it is the right company. They are not bound by geography, but go where the opportunity is. However, this partnership allows them to focus more on the growth in Africa.”Daya, the former chief executive of Celtel International, said that business was a “landmark opportunity and company” for Satya Capital. “We’ve [Satya] been operating for seven years in Africa and built a portfolio of companies.”Satya Capital, which has capitalised $300-million in Africa, focused on an evergreen model. “That means we keep recycling the money within a company instead of withdrawing our investment,” he explained. “We invest in companies without a strict limit on when to leave, which gives businesses the ability to realise their full potential and brings stability,” he said, adding that the partnership with TPG was not part of his group’s evergreen strategy.Africa riskDaya said the risk of doing business in Africa had micro and macro elements.“There is a risk who you do business with and who you partner with, which is something we factor in,” he said.“South Africans are used to working in private equity, but that is not the case in sub-Saharan Africa. A lot of businesses are used to the old way of doing business, but they need to start looking to the new way. It’s a challenge for them and that’s the execution risk.“Then there is the risk of economy and infrastructure and political risk that goes with doing business in sub-Saharan Africa,” he said. “You also have depreciation issues, but the underlying growth exceeds most of those risks.”Source: News24Wire
Tags:#China#featured#Greater Bay Area#Internet of Things#IoT#ReadWrite Labs#startups#top Follow the Puck Related Posts Internet of Things Makes it Easier to Steal You… What it Takes to Build a Highly Secure FinTech … Over the past few years, I’ve had the pleasure of spending significant time on the ground in China for ReadWrite and ReadWrite Labs. While here in China, I’m continuously discovering new opportunities that exist and even more reasons for foreign startups and corporations to consider getting started in China. However entering a new market can be overwhelming without the right information or guiding trip. So here’s a quick start guide for anyone currently thinking about expanding into China.1. Largest consumer market globallyIt’s no secret that China has the largest consumer market in the world with almost 1.4 billion people and rising. What some may not be aware of is that China will present what will be the greatest middle-class growth bump of any country since the United States beginning in the early 1950s. In fact, by 2022 over 76 percent of China’s urban population will be considered middle class according to a McKinsey & Company study. That’s roughly (in today’s numbers) over 550 million people who are ready to be your customers. As that population continues to grow so will the country’s internet users, specifically mobile. Today China alone has over 700 million (with 30% growth in 2016) active mobile internet users. Which equates to the largest sandbox for applications, gaming, the Internet of Things (IoT) and more.2. The Greater Bay AreaFor those unfamiliar with the term, it is not an extension of the San Francisco Bay Area, in fact, it’s more than three times larger. The Greater Bay Area is part of China’s initiatives to drive innovation throughout the country. To put it in perspective here’s just a few stats about this newly defined region, 11 cities make up the region (Hong Kong, Macau, Guangzhou (third largest city in China), Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing)67+ million people now within less than a one hour drive16 and growing Fortune 500 companies have a headquarters within the region – more following$1.36 trillion dollars in combined GDP for the area in 2016 (compared to the San Francisco’s Bay Area of $431.7 billion GDP in 2015)Each city will have a dedicated focus on an industry (Manufacturing, Finance, Travel, Artificial Intelligence, etc.) with local benefits provided for those doing business locally3. Innovation at scaleThe days of copycats are fading away throughout China in favor of innovative ideas that push industries forward rather than oversaturate. These changes are gaining momentum at astounding rates thanks to ambitious entrepreneurs and corporations, along with enormous governmental support. All three are hungry to lead with entrepreneurs craving advice and education on Silicon Valley success. Local businesses are opening their doors welcoming global partners and providing support or insights on the local markets. Governments throughout all cities within China are offering to make it easier for foreign companies to soft-land and establish while providing necessary benefits for those that decide to expand to China. Don’t believe that innovation is growing at scale in China? Here are some stats that might help, China is now the No. 1 interactive game market globally beating the USChina accounts for 67% of ALL global on demand transportationBike sharing users now make up more than 20 million people with 100%+ monthly growth rateChina mobile payment volume in 2016 reached over $5 trillion dollars (2x compared to last year)E-commerce in China is now taking place 71% on mobile devicesChina online advertising revenue is now a $40 billion dollar marketTencent, the largest gaming company in the world now has over 1.5 billion active users worldwideHuawei is the No.1 telecommunication equipment company in the worldHuawei is also leading the development of our future 5G wireless infrastructureDJI currently represents almost 90% of global Drone marketThe takeaway for this article is that there’s no better time to get started in China than now. While also understanding that China isn’t shying away from its goal to be the leader in innovation, nor to become the global business hub. In their efforts, they are welcoming all those interested in joining the ride. But if you’re still not convinced why you need to be in China or if it’s right for you, join me on a trip around the country. We’ll spend 5-days in China meeting with the local government and community leaders, as well as corporations that can serve as strategic partners, and to talk with the founders and executives of the largest and most successful companies in China. To learn more and get started, click here. Why IoT Apps are Eating Device Interfaces Kyle Ellicott