DBSA MANDATES AVP TO INVESTIGATE THE FEASIBILITY OF UNDER SERVICED AREA LICENSES
15 August 2002

AVP Advisory (Pty) Ltd. has been awarded an advisory mandate by the DBSA to investigate the economic feasibility of the proposed Under Serviced Area Licenses (USALs), with the objective of contributing to the public debate to ensure that regulations and licensing conditions pertaining to the USAL operators support the economic viability and sustainability of the eventual operating companies.

AVP Advisory (Pty) Ltd specifically works with telecommunications operators and financial institutions alike to arrange funding and provide strategic advice to facilitate entry and growth strategies in the telecommunications sector.

AVP WELCOMES DR.KHALID ABDULLAH TARIO AL-MANSOUR TO IT'S BOARD.

Dr. Khalid Abdullah Tario Al-Mansour is an internationally acknowledged advisor to Heads of State and business leaders in Africa, Asia, the Middle East and North America. He has been actively involved in structuring investments and joint ventures worldwide for over 35 years. Dr. Al-Mansour was also responsible for the Africa investment activities of Kingdom Holdings, Saudi Prince Al-Waleed bin Talal's investment company. During his distinguished career, Dr. Al-Mansour has been a guest lecturer at Harvard University, Bombay University, Columbia University, UCLA, University of Kenya, London School of Economics and the University of Ghana.
In addition to Africa Venture Partners, Dr. Al-Mansour sits on the Boards of: Saudi African Bank; Kingdom Holdings, Africa; Multimedia Super Corridor (Malaysia); Space Tech Inc.; AmNet Corp. International; New Avenues Fund Ltd; United Bank for Africa; United Networks; and Landmark Entertainment.

Dr. Al-Mansour has authored 24 books and is listed in Who's Who in the World; International Who's Who in the Arab World; Two Thousand Men of Achievement; Royal Blue Book of London; World's Who's Who of Intellectuals and American Hall of Fame.

Dr. Khalid Al-Mansour has a Bachelor of Arts degree from Howard University (Phi Beta Kappa) and Doctor of Jurisprudence from the University of California at Berkeley.


ACCELON, AVP's SATELLITE BROADBAND INTERNET SERVICE FORMALLY ANNOUNCES THE PROGRAMME LAUNCH

On April 15, 2002, AVP is formally announcing the programme launch for Accelon, the 2-way satellite Internet connectivity platform, which is due to begin providing service later this year. The company, Accelon, will offer Internet connectivity to ISPs, SMEs, corporates, and other clients on a pan-African basis.

AVP TO PRESENT AT NEPAD HEAD OF STATE SUMMIT, DAKAR SENEGAL

Africa Venture Partners has been invited to participate in the NEPAD Heads of State Summit in Dakar, Senegal. AVP co-Founder and Director, Robert Tibbs, will be speaking on Access Technologies for Africa, as part of the Conference that is focusing on the International Sector's involvement with NEPAD's objectives. The main objective of the New Partnership for Africa's Development (NEPAD) is to give impetus to the Continent's development by bridging gaps between Africa and the developed world.